Zumiez Inc. (NASDAQ:ZUMZ) Director Scott Andrew Bailey sold 7,843 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $20.75, for a total transaction of $162,742.25. Following the transaction, the director now directly owns 9,908 shares of the company’s stock, valued at approximately $205,591. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Zumiez Inc. (NASDAQ ZUMZ) traded up $0.05 during trading hours on Friday, hitting $21.20. 252,695 shares of the company were exchanged, compared to its average volume of 520,986. Zumiez Inc. has a 1 year low of $11.43 and a 1 year high of $26.55. The company has a market cap of $535.29, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 1.08 and a beta of 1.39.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The firm had revenue of $245.80 million during the quarter, compared to the consensus estimate of $244.50 million. During the same quarter last year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. equities research analysts predict that Zumiez Inc. will post 1.09 EPS for the current year.
Several research analysts have commented on the stock. B. Riley raised shares of Zumiez from a “neutral” rating to a “buy” rating and increased their price objective for the company from $17.00 to $18.00 in a report on Friday, September 8th. BMO Capital Markets set a $20.00 price target on shares of Zumiez and gave the company a “hold” rating in a report on Friday, December 1st. Jefferies Group set a $15.00 price target on shares of Zumiez and gave the company a “hold” rating in a report on Thursday, October 5th. Robert W. Baird reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Zumiez in a report on Tuesday, October 3rd. Finally, Zacks Investment Research raised shares of Zumiez from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, August 30th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $20.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Algert Global LLC bought a new stake in Zumiez in the third quarter worth about $269,000. California Public Employees Retirement System lifted its stake in Zumiez by 28.0% in the third quarter. California Public Employees Retirement System now owns 87,312 shares of the apparel and footwear maker’s stock worth $1,580,000 after purchasing an additional 19,112 shares during the last quarter. Highbridge Capital Management LLC lifted its stake in Zumiez by 410.7% in the third quarter. Highbridge Capital Management LLC now owns 66,094 shares of the apparel and footwear maker’s stock worth $1,196,000 after purchasing an additional 53,152 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in Zumiez in the third quarter worth about $432,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in Zumiez by 23.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 215,652 shares of the apparel and footwear maker’s stock worth $3,904,000 after purchasing an additional 41,008 shares during the last quarter. 74.76% of the stock is owned by institutional investors and hedge funds.
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Zumiez Company Profile
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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