Zumiez (ZUMZ) Attains New 12-Month Low at $18.52

Zumiez (ZUMZ) Attains New 12-Month Low at $18.52

Shares of Zumiez Inc. (NASDAQ:ZUMZ) hit a new 52-week low during trading on Thursday . The company traded as low as $18.52 and last traded at $19.56, with a volume of 52917 shares changing hands. The stock had previously closed at $19.21.

A number of analysts have commented on ZUMZ shares. BidaskClub cut shares of Zumiez from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 14th. B. Riley cut their price target on shares of Zumiez from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday. Robert W. Baird reaffirmed a “hold” rating and set a $28.00 price target on shares of Zumiez in a research report on Thursday, August 9th. Pivotal Research set a $30.00 price target on shares of Zumiez and gave the company a “buy” rating in a research report on Thursday, November 8th. Finally, Jefferies Financial Group began coverage on shares of Zumiez in a report on Thursday, October 25th. They set a “buy” rating and a $28.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.29.

The firm has a market cap of $490.22 million, a price-to-earnings ratio of 17.51, a PEG ratio of 0.91 and a beta of 1.23.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, December 6th. The apparel and footwear maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.06. Zumiez had a net margin of 3.43% and a return on equity of 9.82%. The firm had revenue of $248.80 million for the quarter, compared to analyst estimates of $248.70 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts expect that Zumiez Inc. will post 1.69 earnings per share for the current year.

In related news, insider Chris K. Visser sold 1,934 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $28.08, for a total value of $54,306.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Travis Smith sold 3,193 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $28.85, for a total transaction of $92,118.05. Following the completion of the sale, the director now owns 17,770 shares in the company, valued at approximately $512,664.50. The disclosure for this sale can be found here. 27.70% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in shares of Zumiez by 6.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 36,737 shares of the apparel and footwear maker’s stock worth $920,000 after acquiring an additional 2,250 shares during the last quarter. Legal & General Group Plc increased its stake in Zumiez by 7.0% in the 2nd quarter. Legal & General Group Plc now owns 36,176 shares of the apparel and footwear maker’s stock valued at $926,000 after buying an additional 2,354 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Zumiez by 23.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,067 shares of the apparel and footwear maker’s stock valued at $327,000 after buying an additional 2,467 shares during the last quarter. Laurion Capital Management LP increased its stake in Zumiez by 8.8% in the 2nd quarter. Laurion Capital Management LP now owns 32,105 shares of the apparel and footwear maker’s stock valued at $804,000 after buying an additional 2,600 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Zumiez by 246.0% in the 3rd quarter. Pacer Advisors Inc. now owns 4,637 shares of the apparel and footwear maker’s stock valued at $122,000 after buying an additional 3,297 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

About Zumiez (NASDAQ:ZUMZ)

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 September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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