Zumiez Inc. (ZUMZ) CEO Sells $1,253,200.00 in Stock

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Zumiez Inc. (NASDAQ:ZUMZ) CEO Richard Miles Brooks sold 40,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $31.33, for a total transaction of $1,253,200.00. Following the transaction, the chief executive officer now owns 3,074,206 shares in the company, valued at $96,314,873.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Richard Miles Brooks also recently made the following trade(s):

  • On Wednesday, August 29th, Richard Miles Brooks sold 24,244 shares of Zumiez stock. The shares were sold at an average price of $30.00, for a total transaction of $727,320.00.
  • On Friday, August 24th, Richard Miles Brooks sold 3,400 shares of Zumiez stock. The shares were sold at an average price of $30.00, for a total transaction of $102,000.00.
  • On Wednesday, August 22nd, Richard Miles Brooks sold 45,827 shares of Zumiez stock. The shares were sold at an average price of $30.01, for a total transaction of $1,375,268.27.
  • On Friday, June 8th, Richard Miles Brooks sold 500,000 shares of Zumiez stock. The shares were sold at an average price of $27.70, for a total transaction of $13,850,000.00.

Shares of ZUMZ stock opened at $29.20 on Friday. The stock has a market capitalization of $766.64 million, a price-to-earnings ratio of 25.45 and a beta of 1.18. Zumiez Inc. has a one year low of $15.00 and a one year high of $32.70.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results 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. The business had revenue of $219.00 million for the quarter, compared to the consensus estimate of $218.50 million. Zumiez had a net margin of 3.01% and a return on equity of 8.64%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) EPS. sell-side analysts anticipate that Zumiez Inc. will post 1.68 earnings per share for the current fiscal year.

Several equities analysts recently commented on ZUMZ shares. Pivotal Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and upped their price target for the company from $30.00 to $36.00 in a report on Tuesday. B. Riley upped their price target on shares of Zumiez from $27.50 to $30.00 and gave the company a “buy” rating in a report on Friday, June 8th. BidaskClub upgraded shares of Zumiez from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 16th. Robert W. Baird reiterated a “hold” rating and set a $28.00 price target on shares of Zumiez in a report on Thursday, August 9th. Finally, TheStreet downgraded shares of Zumiez from a “b-” rating to a “c+” rating in a research note on Monday, July 16th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $27.00.

A number of hedge funds have recently modified their holdings of ZUMZ. Matarin Capital Management LLC bought a new position in Zumiez in the 1st quarter worth about $12,026,000. Millennium Management LLC grew its stake in Zumiez by 677.5% in the 1st quarter. Millennium Management LLC now owns 404,602 shares of the apparel and footwear maker’s stock worth $9,670,000 after acquiring an additional 352,562 shares in the last quarter. Wells Fargo & Company MN grew its stake in 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 worth $7,738,000 after acquiring an additional 278,991 shares in the last quarter. BlackRock Inc. grew its stake in Zumiez by 10.5% in the 1st quarter. BlackRock Inc. now owns 2,894,789 shares of the apparel and footwear maker’s stock worth $69,186,000 after acquiring an additional 274,813 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Zumiez by 91.2% in the 2nd quarter. Renaissance Technologies LLC now owns 465,900 shares of the apparel and footwear maker’s stock worth $11,671,000 after acquiring an additional 222,200 shares in the last quarter. Institutional investors and hedge funds own 75.87% of the company’s stock.

Zumiez Company Profile

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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Insider Buying and Selling by Quarter for Zumiez (NASDAQ:ZUMZ)

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