Zumiez (NASDAQ:ZUMZ) Stock Price Up 5.4%

Zumiez Inc. (NASDAQ:ZUMZ)’s stock price rose 5.4% on Wednesday . The company traded as high as $20.21 and last traded at $20.91, approximately 14,538 shares changed hands during trading. A decline of 97% from the average daily volume of 572,850 shares. The stock had previously closed at $19.84.

ZUMZ has been the subject of a number of recent research reports. Pivotal Research lowered their price objective on shares of Zumiez from $26.00 to $21.00 and set a “hold” rating for the company in a research report on Tuesday, March 10th. ValuEngine raised shares of Zumiez from a “strong sell” rating to a “sell” rating in a research report on Friday, March 13th. BidaskClub downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Saturday, February 29th. Robert W. Baird lowered their price objective on shares of Zumiez from $35.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Finally, B. Riley decreased their target price on shares of Zumiez from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $26.14.

The company has a current ratio of 2.58, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. The stock has a market cap of $491.68 million, a P/E ratio of 7.11, a PEG ratio of 0.62 and a beta of 1.56. The firm’s 50-day simple moving average is $25.99 and its 200 day simple moving average is $30.48.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, March 12th. The apparel and footwear maker reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. Zumiez had a net margin of 6.47% and a return on equity of 15.82%. The firm had revenue of $328.80 million during the quarter, compared to analysts’ expectations of $325.99 million. During the same quarter in the prior year, the firm earned $1.18 EPS. Zumiez’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts anticipate that Zumiez Inc. will post 2.68 EPS for the current year.

In other Zumiez news, CEO Richard Miles Brooks sold 48,103 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $34.01, for a total value of $1,635,983.03. Following the completion of the transaction, the chief executive officer now owns 2,604,921 shares in the company, valued at approximately $88,593,363.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 23.10% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. California State Teachers Retirement System lifted its stake in shares of Zumiez by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 31,099 shares of the apparel and footwear maker’s stock worth $985,000 after acquiring an additional 371 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of Zumiez by 1.7% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 25,840 shares of the apparel and footwear maker’s stock worth $892,000 after acquiring an additional 430 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Zumiez by 2.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 24,746 shares of the apparel and footwear maker’s stock worth $783,000 after acquiring an additional 578 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of Zumiez in the 4th quarter worth approximately $44,000. Finally, Swiss National Bank lifted its stake in shares of Zumiez by 3.7% in the 4th quarter. Swiss National Bank now owns 39,400 shares of the apparel and footwear maker’s stock worth $1,361,000 after acquiring an additional 1,400 shares during the period. 81.21% of the stock is owned by institutional investors.

About Zumiez (NASDAQ:ZUMZ)

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

Featured Story: How is an ETF different from a mutual fund?

Receive News & Ratings for Zumiez Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez and related companies with MarketBeat.com's FREE daily email newsletter.