Zumiez’s (NASDAQ:ZUMZ) same-store sales climbed 9.2% during the month of February. Zumiez’s stock rose by 10.8% in the first full-day of trading following the report.
A number of brokerages recently issued reports on ZUMZ. Robert W. Baird restated a “hold” rating and issued a $28.00 price target on shares of Zumiez in a research note on Thursday. TheStreet upgraded shares of Zumiez from a “c+” rating to a “b-” rating in a research note on Tuesday, March 20th. Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, March 20th. BidaskClub raised shares of Zumiez from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 28th. Finally, B. Riley set a $26.00 price objective on shares of Zumiez and gave the stock a “buy” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $24.20.
In other Zumiez news, Director Thomas D. Campion sold 58,100 shares of Zumiez stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $25.09, for a total value of $1,457,729.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 223,338 shares of company stock valued at $5,595,686. 27.50% of the stock is currently owned by corporate insiders.
Zumiez stock traded down $0.45 during mid-day trading on Thursday, reaching $24.85. The company’s stock had a trading volume of 423,546 shares, compared to its average volume of 428,942. The company has a market cap of $631.24, a PE ratio of 23.27, a P/E/G ratio of 0.91 and a beta of 1.11. Zumiez has a twelve month low of $11.43 and a twelve month high of $26.30.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). Zumiez had a net margin of 2.89% and a return on equity of 8.38%. The firm had revenue of $308.20 million for the quarter, compared to analyst estimates of $301.75 million. During the same period last year, the firm posted $0.74 EPS. The business’s revenue was up 16.9% compared to the same quarter last year. research analysts predict that Zumiez will post 1.53 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Fulcrum Capital LLC acquired a new position in shares of Zumiez during the fourth quarter valued at $400,000. Parametric Portfolio Associates LLC raised its stake in shares of Zumiez by 42.4% during the second quarter. Parametric Portfolio Associates LLC now owns 61,333 shares of the apparel and footwear maker’s stock valued at $757,000 after purchasing an additional 18,259 shares in the last quarter. Spark Investment Management LLC bought a new stake in shares of Zumiez during the fourth quarter valued at about $8,684,000. Algert Global LLC bought a new stake in shares of Zumiez during the third quarter valued at about $269,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Zumiez by 53.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 330,976 shares of the apparel and footwear maker’s stock valued at $6,893,000 after purchasing an additional 115,324 shares in the last quarter. 71.94% of the stock is owned by institutional investors.
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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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