Zumiez Inc. (NASDAQ:ZUMZ) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $18.52 and last traded at $19.56, with a volume of 52917 shares trading hands. The stock had previously closed at $19.21.
Several research analysts recently commented on ZUMZ shares. TheStreet raised Zumiez from a “c+” rating to a “b” rating in a research report on Friday, September 7th. BidaskClub cut Zumiez from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 14th. Pivotal Research set a $36.00 price target on Zumiez and gave the company a “buy” rating in a research report on Monday, September 10th. B. Riley increased their price target on Zumiez from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, September 7th. Finally, ValuEngine raised Zumiez from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.
The stock has a market cap of $491.50 million, a PE ratio of 16.65, a P/E/G ratio of 0.91 and a beta of 1.23.
In related news, Director Travis Smith sold 3,193 shares of Zumiez stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $28.85, for a total transaction of $92,118.05. Following the completion of the sale, the director now directly owns 17,770 shares of the company’s stock, valued at approximately $512,664.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Chris K. Visser sold 1,934 shares of Zumiez stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $28.08, for a total value of $54,306.72. The disclosure for this sale can be found here. Company insiders own 27.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ZUMZ. Matarin Capital Management LLC acquired a new stake in Zumiez during the 3rd quarter worth approximately $14,910,000. Wells Fargo & Company MN lifted its holdings in Zumiez by 932.7% during the 2nd quarter. Wells Fargo & Company MN now owns 308,904 shares of the apparel and footwear maker’s stock worth $7,738,000 after purchasing an additional 278,991 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Zumiez by 185.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 397,856 shares of the apparel and footwear maker’s stock worth $10,484,000 after purchasing an additional 258,363 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Zumiez by 53.3% during the 3rd quarter. Renaissance Technologies LLC now owns 714,400 shares of the apparel and footwear maker’s stock worth $18,824,000 after purchasing an additional 248,500 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Zumiez by 100.2% during the 3rd quarter. AQR Capital Management LLC now owns 471,511 shares of the apparel and footwear maker’s stock worth $12,425,000 after purchasing an additional 236,007 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.
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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.
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