Chris K. Visser Sells 1,090 Shares of Zumiez Inc. (ZUMZ) Stock
Zumiez Inc. (NASDAQ:ZUMZ) EVP Chris K. Visser sold 1,090 shares of the stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $17.10, for a total value of $18,639.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Zumiez Inc. (NASDAQ:ZUMZ) opened at 17.12 on Monday. The firm has a market capitalization of $425.09 million, a price-to-earnings ratio of 22.32 and a beta of 1.49. The company has a 50 day moving average price of $16.78 and a 200-day moving average price of $16.75. Zumiez Inc. has a 1-year low of $11.53 and a 1-year high of $22.14.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. The business had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.35 million. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS. On average, analysts forecast that Zumiez Inc. will post $0.71 EPS for the current fiscal year.
Several research firms have weighed in on ZUMZ. Stifel Nicolaus reiterated a “hold” rating and set a $17.00 price objective (up previously from $16.00) on shares of Zumiez in a research report on Tuesday, September 13th. Jefferies Group reiterated a “hold” rating and set a $17.00 price objective (down previously from $20.00) on shares of Zumiez in a research report on Friday, June 3rd. BMO Capital Markets reiterated a “market perform” rating and set a $16.00 price objective on shares of Zumiez in a research report on Saturday, September 10th. SunTrust Banks Inc. increased their price objective on Zumiez from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Finally, B. Riley reiterated a “neutral” rating and set a $16.00 price objective on shares of Zumiez in a research report on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.80.
A number of institutional investors have recently made changes to their positions in ZUMZ. Public Employees Retirement System of Ohio raised its position in shares of Zumiez by 1.7% in the second quarter. Public Employees Retirement System of Ohio now owns 118,950 shares of the apparel and footwear maker’s stock worth $1,702,000 after buying an additional 1,937 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Zumiez by 11.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 136,979 shares of the apparel and footwear maker’s stock worth $1,961,000 after buying an additional 13,563 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Zumiez during the second quarter worth $1,789,000. Cubist Systematic Strategies LLC acquired a new position in shares of Zumiez during the second quarter worth $115,000. Finally, A.R.T. Advisors LLC raised its position in shares of Zumiez by 5.4% in the second quarter. A.R.T. Advisors LLC now owns 40,474 shares of the apparel and footwear maker’s stock worth $579,000 after buying an additional 2,085 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.
Zumiez Company Profile
Zumiez Inc is a specialty retailer of apparel, footwear, accessories and hardgoods for men and women. The Company operates under the names Zumiez and Blue Tomato. Additionally, the Company operates e-commerce Websites at www.zumiez.com and www.blue-tomato.com. Its product categories are men’s apparel, accessories, footwear, hardgoods and junior’s apparel.
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