Zumiez (ZUMZ) Downgraded by BidaskClub

BidaskClub cut shares of Zumiez (NASDAQ:ZUMZ) from a sell rating to a strong sell rating in a research note published on Friday.

Other analysts have also recently issued research reports about the company. B. Riley set a $32.00 price objective on Zumiez and gave the stock a buy rating in a research report on Thursday, August 9th. ValuEngine upgraded Zumiez from a hold rating to a buy rating in a research report on Friday, August 10th. Robert W. Baird reiterated a hold rating and set a $28.00 price objective on shares of Zumiez in a research report on Thursday, August 9th. Pivotal Research restated a buy rating and issued a $30.00 price target on shares of Zumiez in a report on Thursday, October 11th. Finally, TheStreet upgraded Zumiez from a c+ rating to a b rating in a report on Friday, September 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $27.86.

Zumiez stock opened at $19.72 on Friday. The stock has a market cap of $503.23 million, a P/E ratio of 17.93, a P/E/G ratio of 0.93 and a beta of 1.23. Zumiez has a 52 week low of $18.50 and a 52 week high of $32.70.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, September 6th. The apparel and footwear maker reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $218.50 million. Zumiez had a return on equity of 9.82% and a net margin of 3.43%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) EPS. As a group, analysts expect that Zumiez will post 1.69 earnings per share for the current year.

In other Zumiez news, insider Chris K. Visser sold 1,934 shares of Zumiez stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $28.08, for a total value of $54,306.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Travis Smith sold 3,193 shares of Zumiez stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $28.85, for a total value of $92,118.05. Following the completion of the sale, the director now owns 17,770 shares of the company’s stock, valued at approximately $512,664.50. The disclosure for this sale can be found here. Insiders sold a total of 50,873 shares of company stock valued at $1,583,497 in the last 90 days. 27.70% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Matarin Capital Management LLC acquired a new position in shares of Zumiez in the 3rd quarter valued at about $14,910,000. Wells Fargo & Company MN lifted its stake in shares of Zumiez by 932.7% in the 2nd quarter. Wells Fargo & Company MN now owns 308,904 shares of the apparel and footwear maker’s stock valued at $7,738,000 after purchasing an additional 278,991 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Zumiez by 185.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 397,856 shares of the apparel and footwear maker’s stock valued at $10,484,000 after purchasing an additional 258,363 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Zumiez by 53.3% in the 3rd quarter. Renaissance Technologies LLC now owns 714,400 shares of the apparel and footwear maker’s stock valued at $18,824,000 after purchasing an additional 248,500 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Zumiez by 100.2% in the 3rd quarter. AQR Capital Management LLC now owns 471,511 shares of the apparel and footwear maker’s stock valued at $12,425,000 after purchasing an additional 236,007 shares in the last quarter. Institutional investors own 78.25% of the company’s stock.

About Zumiez

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.

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Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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