Richard Miles Brooks Sells 180,000 Shares of Zumiez Inc. (NASDAQ:ZUMZ) Stock

Zumiez Inc. (NASDAQ:ZUMZ) CEO Richard Miles Brooks sold 180,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $30.07, for a total transaction of $5,412,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,893,024 shares of the company’s stock, valued at approximately $86,993,231.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, September 9th, Richard Miles Brooks sold 124,144 shares of Zumiez stock. The shares were sold at an average price of $33.07, for a total value of $4,105,442.08.

Shares of NASDAQ:ZUMZ traded down $0.54 during mid-day trading on Tuesday, reaching $32.50. The stock had a trading volume of 678,907 shares, compared to its average volume of 437,426. The business’s 50 day moving average price is $24.88 and its 200 day moving average price is $24.54. Zumiez Inc. has a 1 year low of $17.57 and a 1 year high of $33.47. The company has a market cap of $790.50 million, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.05 and a beta of 1.54. The company has a current ratio of 2.06, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.17. Zumiez had a return on equity of 13.59% and a net margin of 5.35%. The business had revenue of $228.40 million during the quarter, compared to analysts’ expectations of $223.65 million. During the same quarter last year, the business posted $0.17 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts predict that Zumiez Inc. will post 2.17 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arizona State Retirement System raised its stake in Zumiez by 1.4% during the second quarter. Arizona State Retirement System now owns 29,548 shares of the apparel and footwear maker’s stock valued at $771,000 after purchasing an additional 403 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of Zumiez by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 12,828 shares of the apparel and footwear maker’s stock valued at $319,000 after acquiring an additional 465 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Zumiez by 1.3% in the 2nd quarter. Bank of America Corp DE now owns 40,645 shares of the apparel and footwear maker’s stock valued at $1,060,000 after acquiring an additional 517 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Zumiez by 5.1% in the second quarter. Crossmark Global Holdings Inc. now owns 11,030 shares of the apparel and footwear maker’s stock worth $288,000 after acquiring an additional 540 shares in the last quarter. Finally, Comerica Bank grew its position in Zumiez by 3.9% in the first quarter. Comerica Bank now owns 18,824 shares of the apparel and footwear maker’s stock worth $503,000 after acquiring an additional 698 shares in the last quarter. Hedge funds and other institutional investors own 83.58% of the company’s stock.

Several equities analysts have recently commented on ZUMZ shares. DA Davidson boosted their price objective on Zumiez to $28.00 and gave the company a “neutral” rating in a research report on Friday. TheStreet upgraded shares of Zumiez from a “c+” rating to a “b” rating in a research report on Thursday, September 5th. ValuEngine raised shares of Zumiez from a “sell” rating to a “hold” rating in a report on Friday. Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Saturday, May 18th. Finally, BidaskClub upgraded shares of Zumiez from a “hold” rating to a “buy” rating in a research report on Saturday, August 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $27.00.

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 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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