Zumiez (ZUMZ) Cut to “Hold” at BidaskClub

BidaskClub lowered shares of Zumiez (NASDAQ:ZUMZ) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

A number of other equities analysts have also recently issued reports on the stock. Robert W. Baird reiterated a hold rating and set a $28.00 price objective on shares of Zumiez in a research report on Thursday, April 12th. TheStreet upgraded shares of Zumiez from a c+ rating to a b- rating in a research report 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 objective for the company in a research report on Tuesday, March 20th. B. Riley reiterated a buy rating on shares of Zumiez in a research report on Friday, March 16th. Finally, William Blair reiterated a buy rating on shares of Zumiez in a research report on Thursday, January 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $24.20.

Shares of NASDAQ:ZUMZ opened at $23.83 on Monday. The company has a market capitalization of $573.16, a PE ratio of 21.66, a PEG ratio of 0.81 and a beta of 1.11. Zumiez has a 12 month low of $11.43 and a 12 month high of $26.30.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, March 15th. The apparel and footwear maker reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.08). The company had revenue of $308.20 million for the quarter, compared to analyst estimates of $301.75 million. Zumiez had a return on equity of 8.38% and a net margin of 2.89%. Zumiez’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. sell-side analysts predict that Zumiez will post 1.55 earnings per share for the current fiscal year.

In other Zumiez news, Director Thomas D. Campion sold 58,100 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 258,797 shares of company stock valued at $6,484,643. Corporate insiders own 27.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ZUMZ. Nationwide Fund Advisors increased its position in Zumiez by 157.6% in the 3rd quarter. Nationwide Fund Advisors now owns 43,075 shares of the apparel and footwear maker’s stock valued at $780,000 after acquiring an additional 26,351 shares during the period. Russell Investments Group Ltd. acquired a new position in Zumiez in the 3rd quarter valued at approximately $199,000. Ameriprise Financial Inc. increased its position in Zumiez by 20.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 110,743 shares of the apparel and footwear maker’s stock valued at $2,005,000 after acquiring an additional 18,890 shares during the period. Schwab Charles Investment Management Inc. increased its position in Zumiez by 23.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 215,652 shares of the apparel and footwear maker’s stock valued at $3,904,000 after acquiring an additional 41,008 shares during the period. Finally, OxFORD Asset Management LLP acquired a new position in Zumiez in the 3rd quarter valued at approximately $432,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

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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.

Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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