Zumiez (ZUMZ) Hits New 52-Week High and Low at $26.30

Shares of Zumiez Inc. (NASDAQ:ZUMZ) hit a new 52-week high and low during trading on Thursday . The company traded as low as $26.30 and last traded at $24.92, with a volume of 202490 shares traded. The stock had previously closed at $25.30.

A number of analysts have commented on the company. B. Riley set a $26.00 price target on Zumiez and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised Zumiez from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, March 20th. BidaskClub cut Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Jefferies Group set a $22.00 price target on Zumiez and gave the stock a “hold” rating in a research report on Thursday, January 4th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $28.00 price target on shares of Zumiez in a research report on Thursday. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Zumiez presently has a consensus rating of “Buy” and a consensus target price of $24.20.

The stock has a market capitalization of $638.81, a P/E ratio of 22.05, a PEG ratio of 0.92 and a beta of 1.11.



Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.08). The firm 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%. The business’s revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 EPS. analysts predict that Zumiez Inc. will post 1.53 EPS for the current year.

In other news, Chairman Thomas D. Campion sold 140,140 shares of the business’s stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $25.05, for a total value of $3,510,507.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 258,797 shares of company stock valued at $6,484,643. Insiders own 27.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Maverick Capital Ltd. lifted its holdings in shares of Zumiez by 10.0% in the 4th quarter. Maverick Capital Ltd. now owns 47,422 shares of the apparel and footwear maker’s stock valued at $988,000 after buying an additional 4,292 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Zumiez by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 167,142 shares of the apparel and footwear maker’s stock valued at $3,480,000 after buying an additional 4,885 shares during the period. Rhumbline Advisers lifted its holdings in shares of Zumiez by 17.0% in the 4th quarter. Rhumbline Advisers now owns 42,791 shares of the apparel and footwear maker’s stock valued at $891,000 after buying an additional 6,233 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Zumiez by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 217,891 shares of the apparel and footwear maker’s stock valued at $4,539,000 after buying an additional 10,145 shares during the period. Finally, HBK Investments L P acquired a new position in shares of Zumiez in the 4th quarter valued at about $214,000. 71.94% of the stock is owned by institutional investors and hedge funds.

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About Zumiez

Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.

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