Zumiez (NASDAQ:ZUMZ) Lifted to Sell at ValuEngine

ValuEngine upgraded shares of Zumiez (NASDAQ:ZUMZ) from a strong sell rating to a sell rating in a report issued on Tuesday morning, ValuEngine reports.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group upped their price target on shares of Zumiez from $34.00 to $38.00 and gave the company a positive rating in a report on Tuesday, November 26th. Pivotal Research raised their price objective on shares of Zumiez from $22.00 to $26.00 and gave the stock a hold rating in a report on Tuesday, September 3rd. BidaskClub cut shares of Zumiez from a strong-buy rating to a buy rating in a research report on Wednesday, November 13th. DA Davidson upped their target price on shares of Zumiez to $28.00 and gave the stock a neutral rating in a research note on Friday, September 6th. Finally, TheStreet upgraded Zumiez from a c+ rating to a b rating in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Zumiez presently has an average rating of Hold and a consensus target price of $29.29.

NASDAQ:ZUMZ opened at $30.56 on Tuesday. Zumiez has a fifty-two week low of $17.57 and a fifty-two week high of $34.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.06 and a quick ratio of 1.23. The stock has a market capitalization of $787.35 million, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. The business’s 50-day simple moving average is $31.11 and its 200-day simple moving average is $27.05.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.15. The business had revenue of $264.02 million during the quarter, compared to analysts’ expectations of $260.86 million. Zumiez had a return on equity of 13.59% and a net margin of 5.35%. Zumiez’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS. On average, research analysts expect that Zumiez will post 2.16 earnings per share for the current year.

In other news, CEO Richard Miles Brooks sold 124,144 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $33.07, for a total transaction of $4,105,442.08. Following the completion of the transaction, the chief executive officer now directly owns 2,893,024 shares in the company, valued at approximately $95,672,303.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas D. Campion sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $32.00, for a total value of $38,400.00. The disclosure for this sale can be found here. Insiders sold 232,516 shares of company stock worth $7,426,790 over the last quarter. 23.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ZUMZ. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Zumiez by 46.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the apparel and footwear maker’s stock valued at $50,000 after purchasing an additional 504 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Zumiez during the 2nd quarter worth approximately $69,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Zumiez during the 2nd quarter worth approximately $71,000. Mason Street Advisors LLC raised its stake in shares of Zumiez by 8.7% during the 3rd quarter. Mason Street Advisors LLC now owns 6,911 shares of the apparel and footwear maker’s stock worth $219,000 after purchasing an additional 553 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Zumiez in the 3rd quarter valued at approximately $226,000. 86.17% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Story: What is Depreciation?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.