ZUMZ has been the topic of several other reports. Pivotal Research increased their target price on shares of Zumiez from $22.00 to $26.00 and gave the stock a hold rating in a research note on Tuesday, September 3rd. ValuEngine lowered shares of Zumiez from a sell rating to a strong sell rating in a research note on Monday, October 7th. Robert W. Baird set a $33.00 target price on shares of Zumiez and gave the stock a hold rating in a research note on Friday, September 6th. TheStreet raised shares of Zumiez from a c+ rating to a b rating in a research note on Thursday, September 5th. Finally, B. Riley raised their price target on shares of Zumiez from $28.00 to $32.00 and gave the company a buy rating in a research note on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Zumiez currently has a consensus rating of Hold and an average price target of $27.00.
ZUMZ stock opened at $34.11 on Friday. The company’s 50-day simple moving average is $30.99 and its 200-day simple moving average is $26.01. The company has a quick ratio of 1.23, a current ratio of 2.06 and a debt-to-equity ratio of 0.73. Zumiez has a 52-week low of $17.57 and a 52-week high of $34.12. The firm has a market cap of $851.88 million, a P/E ratio of 19.06, a PEG ratio of 1.26 and a beta of 1.53.
In other Zumiez news, insider Adam Christopher Ellis sold 8,315 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $32.51, for a total value of $270,320.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Miles Brooks sold 180,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $30.07, for a total transaction of $5,412,600.00. Following the completion of the sale, the chief executive officer now owns 2,893,024 shares of the company’s stock, valued at approximately $86,993,231.68. The disclosure for this sale can be found here. Insiders sold a total of 328,421 shares of company stock worth $10,300,160 over the last ninety days. 23.10% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Zumiez by 46.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the apparel and footwear maker’s stock valued at $50,000 after acquiring an additional 504 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Zumiez in the 2nd quarter valued at about $69,000. DekaBank Deutsche Girozentrale acquired a new stake in Zumiez in the 2nd quarter valued at about $71,000. Fox Run Management L.L.C. acquired a new stake in shares of Zumiez during the 3rd quarter worth approximately $226,000. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Zumiez by 501.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,625 shares of the apparel and footwear maker’s stock worth $251,000 after buying an additional 8,025 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.
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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