Zumiez (ZUMZ) Earns Neutral Rating from Analysts at DA Davidson

Research analysts at DA Davidson started coverage on shares of Zumiez (NASDAQ:ZUMZ) in a research note issued on Tuesday, The Fly reports. The firm set a “neutral” rating on the apparel and footwear maker’s stock.

A number of other brokerages also recently commented on ZUMZ. Pivotal Research upgraded Zumiez from a “hold” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $36.00 in a research report on Tuesday, September 4th. TheStreet upgraded Zumiez from a “c+” rating to a “b” rating in a research report on Friday, September 7th. B. Riley raised their price objective on Zumiez from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. BidaskClub upgraded Zumiez from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 16th. Finally, ValuEngine upgraded Zumiez from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Zumiez currently has an average rating of “Buy” and a consensus price target of $27.00.

Shares of ZUMZ stock traded down $0.60 during mid-day trading on Tuesday, reaching $27.00. The stock had a trading volume of 448,500 shares, compared to its average volume of 456,739. Zumiez has a one year low of $16.70 and a one year high of $32.70. The company has a market capitalization of $717.09 million, a P/E ratio of 24.55 and a beta of 1.16.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, September 6th. The apparel and footwear maker reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.04. Zumiez had a return on equity of 9.82% and a net margin of 3.43%. The company had revenue of $219.00 million during the quarter, compared to the consensus estimate of $218.50 million. During the same quarter last year, the company earned ($0.02) EPS. The company’s quarterly revenue was up 13.9% on a year-over-year basis. equities analysts expect that Zumiez will post 1.69 EPS for the current year.

In other Zumiez news, CFO Christopher Codington Work sold 5,746 shares of Zumiez stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $32.00, for a total value of $183,872.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Miles Brooks sold 45,827 shares of Zumiez stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $30.01, for a total value of $1,375,268.27. Following the completion of the transaction, the chief executive officer now owns 3,199,509 shares of the company’s stock, valued at approximately $96,017,265.09. The disclosure for this sale can be found here. Insiders have sold a total of 124,344 shares of company stock valued at $3,788,085 in the last 90 days. 27.70% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its position in Zumiez by 6.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 36,737 shares of the apparel and footwear maker’s stock valued at $920,000 after purchasing an additional 2,250 shares during the last quarter. Legal & General Group Plc raised its position in Zumiez by 7.0% in the 2nd quarter. Legal & General Group Plc now owns 36,176 shares of the apparel and footwear maker’s stock valued at $926,000 after purchasing an additional 2,354 shares during the last quarter. Russell Investments Group Ltd. raised its position in Zumiez by 23.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,067 shares of the apparel and footwear maker’s stock valued at $327,000 after purchasing an additional 2,467 shares during the last quarter. Laurion Capital Management LP raised its position in Zumiez by 8.8% in the 2nd quarter. Laurion Capital Management LP now owns 32,105 shares of the apparel and footwear maker’s stock valued at $804,000 after purchasing an additional 2,600 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Zumiez by 16.8% in the 1st quarter. SG Americas Securities LLC now owns 21,575 shares of the apparel and footwear maker’s stock valued at $516,000 after purchasing an additional 3,109 shares during the last quarter. Hedge funds and other institutional investors own 75.75% 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 February 3, 2018, the company operated 698 stores, including 607 stores in the United States, 50 stores in Canada, 34 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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