Zumiez (NASDAQ:ZUMZ) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen cut shares of Zumiez (NASDAQ:ZUMZ) from a sell rating to a strong sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Zumiez from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Three research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Zumiez Stock Down 3.5%

NASDAQ ZUMZ opened at $14.04 on Friday. Zumiez has a 52 week low of $13.07 and a 52 week high of $31.70. The business’s fifty day simple moving average is $14.75 and its 200-day simple moving average is $20.11. The firm has a market cap of $215.23 million, a PE ratio of 19.50 and a beta of 1.04.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, September 10th. The apparel and footwear maker reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.03). Zumiez had a net margin of 1.36% and a return on equity of 3.71%. The firm had revenue of $208.96 million for the quarter, compared to analyst estimates of $212.11 million. During the same period in the previous year, the firm posted ($0.06) EPS. The company’s revenue was down 2.5% compared to the same quarter last year. Zumiez has set its Q3 2026 guidance at 0.000-0.100 EPS. Research analysts expect that Zumiez will post 0.46 EPS for the current year.

Insider Activity at Zumiez

In related news, insider Adam Ellis acquired 10,000 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average price of $13.40 per share, with a total value of $134,000.00. Following the transaction, the insider owned 83,664 shares of the company’s stock, valued at approximately $1,121,097.60. This trade represents a 13.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 24.30% of the company’s stock.

Institutional Trading of Zumiez

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Zumiez during the second quarter worth $34,481,000. Dimensional Fund Advisors LP raised its holdings in shares of Zumiez by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,015,576 shares of the apparel and footwear maker’s stock valued at $22,504,000 after buying an additional 3,710 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Zumiez by 16.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 471,498 shares of the apparel and footwear maker’s stock worth $10,448,000 after acquiring an additional 67,469 shares in the last quarter. Empowered Funds LLC lifted its stake in Zumiez by 163.9% during the 1st quarter. Empowered Funds LLC now owns 426,130 shares of the apparel and footwear maker’s stock worth $9,443,000 after acquiring an additional 264,643 shares in the last quarter. Finally, Tieton Capital Management LLC purchased a new position in Zumiez during the 2nd quarter valued at about $7,936,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

About Zumiez

Zumiez, Inc is a specialty retailer focused on apparel, footwear, accessories and equipment associated with action sports and youth-oriented lifestyle culture. Its merchandise assortment includes clothing, shoes, skateboards, snowboards, technical outerwear and related accessories, along with products from established and emerging brands.

The company sells products through a network of retail stores and e-commerce websites. Zumiez primarily serves customers in the United States and Canada, while its international operations include Europe through Blue Tomato, an action-sports retailer acquired by Zumiez in 2012.