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 that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this link.
Zumiez Inc. (NASDAQ:ZUMZ) opened at 17.12 on Monday. The stock has a market capitalization of $425.09 million, a P/E ratio of 22.32 and a beta of 1.49. The stock 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 quarterly earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. The firm earned $178.30 million during 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%. Zumiez’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. Equities research analysts expect that Zumiez Inc. will post $0.71 EPS for the current year.
ZUMZ has been the subject of several research analyst reports. Wolfe Research dropped their price objective on Zumiez from $14.00 to $11.00 and set an “underperform” rating for the company in a report on Tuesday, May 31st. B. Riley reiterated a “neutral” rating and issued a $16.00 price objective on shares of Zumiez in a report on Friday, June 3rd. Mizuho dropped their price objective on Zumiez from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, June 3rd. Wedbush dropped their price objective on Zumiez from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, June 3rd. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $12.00 price objective on shares of Zumiez in a report on Friday, June 3rd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $16.80.
Hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new stake in shares of Zumiez during the second quarter worth about $115,000. Jefferies Group LLC purchased a new stake in shares of Zumiez during the second quarter worth about $153,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Zumiez during the second quarter worth about $168,000. Arizona State Retirement System purchased a new stake in shares of Zumiez during the first quarter worth about $204,000. Finally, KCG Holdings Inc. purchased a new stake in shares of Zumiez during the second quarter worth about $269,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.
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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