Zumiez (ZUMZ) Cut to Hold at BidaskClub

Share on StockTwits

Zumiez (NASDAQ:ZUMZ) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Sunday.

Other analysts have also issued research reports about the company. ValuEngine lowered Zumiez from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Wedbush assumed coverage on Zumiez in a research note on Thursday, May 10th. They set a “neutral” rating and a $24.00 price objective for the company. They noted that the move was a valuation call. B. Riley set a $28.00 price objective on Zumiez and gave the company a “buy” rating in a research note on Thursday, May 10th. Zacks Investment Research raised Zumiez from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, March 20th. Finally, Robert W. Baird reissued a “hold” rating and set a $28.00 price objective on shares of Zumiez in a research note on Thursday, April 12th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.83.

Shares of ZUMZ opened at $20.60 on Friday. The company has a market capitalization of $526.59 million, a price-to-earnings ratio of 18.73, a PEG ratio of 0.71 and a beta of 1.01. Zumiez has a 1 year low of $11.43 and a 1 year high of $31.55.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, June 7th. The apparel and footwear maker reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $206.29 million during the quarter, compared to analyst estimates of $199.34 million. Zumiez had a return on equity of 8.64% and a net margin of 3.01%. Zumiez’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. equities analysts expect that Zumiez will post 1.61 EPS for the current year.

In other news, CEO Richard Miles Brooks sold 500,000 shares of the stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $27.70, for a total transaction of $13,850,000.00. Following the completion of the sale, the chief executive officer now owns 3,709,067 shares of the company’s stock, valued at $102,741,155.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 27.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. HBK Investments L P bought a new position in shares of Zumiez during the fourth quarter valued at approximately $214,000. MetLife Investment Advisors LLC bought a new position in shares of Zumiez during the fourth quarter valued at approximately $218,000. Paloma Partners Management Co bought a new position in shares of Zumiez during the fourth quarter valued at approximately $235,000. Quadrature Capital Ltd bought a new position in shares of Zumiez during the first quarter valued at approximately $272,000. Finally, Alambic Investment Management L.P. bought a new position in shares of Zumiez during the first quarter valued at approximately $275,000. 74.46% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Article: How Short Selling Works

Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

Receive News & Ratings for Zumiez Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Head to Head Survey: Hooker Furniture  and Purple Innovation
Head to Head Survey: Hooker Furniture and Purple Innovation
Comparing Gladstone Investment  & Capitala Finance
Comparing Gladstone Investment & Capitala Finance
Keywords Studios  PT Raised to GBX 2,150
Keywords Studios PT Raised to GBX 2,150
Zacks: Analysts Expect Trex Company Inc  Will Post Quarterly Sales of $172.95 Million
Zacks: Analysts Expect Trex Company Inc Will Post Quarterly Sales of $172.95 Million
JD.Com  Price Target Cut to $43.00 by Analysts at KeyCorp
JD.Com Price Target Cut to $43.00 by Analysts at KeyCorp
RCI Hospitality  Downgraded to Hold at Zacks Investment Research
RCI Hospitality Downgraded to Hold at Zacks Investment Research


© 2006-2018 Ticker Report. Google+.