Zumiez (NASDAQ:ZUMZ) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Zumiez (NASDAQ:ZUMZFree Report) from a sell rating to a hold rating in a report released on Friday morning.

Separately, B. Riley cut their price target on Zumiez from $19.00 to $16.00 and set a neutral rating for the company in a research note on Wednesday, March 20th.

Get Our Latest Report on Zumiez

Zumiez Stock Down 1.5 %

Shares of NASDAQ ZUMZ opened at $14.64 on Friday. The company has a market cap of $290.31 million, a price-to-earnings ratio of -4.50 and a beta of 1.46. The firm’s fifty day moving average is $16.06 and its 200 day moving average is $17.33. Zumiez has a 52 week low of $12.90 and a 52 week high of $21.49.

Zumiez (NASDAQ:ZUMZGet Free Report) last announced its quarterly earnings data on Thursday, March 14th. The apparel and footwear maker reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.14. The company had revenue of $281.82 million during the quarter, compared to analyst estimates of $275.98 million. Zumiez had a negative net margin of 7.15% and a negative return on equity of 5.70%. Equities research analysts anticipate that Zumiez will post -0.17 earnings per share for the current year.

Insider Transactions at Zumiez

In other Zumiez news, insider Adam Christopher Ellis acquired 10,000 shares of Zumiez stock in a transaction that occurred on Thursday, April 4th. The stock was bought at an average price of $14.31 per share, with a total value of $143,100.00. Following the completion of the purchase, the insider now directly owns 57,917 shares of the company’s stock, valued at approximately $828,792.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 20.20% of the company’s stock.

Institutional Investors Weigh In On Zumiez

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP lifted its stake in Zumiez by 279.5% during the 2nd quarter. Quarry LP now owns 1,738 shares of the apparel and footwear maker’s stock valued at $29,000 after acquiring an additional 1,280 shares during the period. Captrust Financial Advisors increased its stake in shares of Zumiez by 946.8% in the 1st quarter. Captrust Financial Advisors now owns 806 shares of the apparel and footwear maker’s stock valued at $31,000 after purchasing an additional 729 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Zumiez by 6,606.7% in the 4th quarter. Meeder Asset Management Inc. now owns 2,012 shares of the apparel and footwear maker’s stock worth $44,000 after purchasing an additional 1,982 shares during the period. Point72 Middle East FZE purchased a new position in Zumiez during the fourth quarter worth approximately $48,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Zumiez by 51.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,251 shares of the apparel and footwear maker’s stock valued at $66,000 after purchasing an additional 1,108 shares during the period. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Zumiez Company Profile

(Get Free Report)

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.

Further Reading

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