Zumiez’s (NASDAQ:ZUMZ) same store sales increased by 7.9% during the month of December. Zumiez’s stock climbed by 0% in the first day of trading following the news.

ZUMZ has been the topic of several research analyst reports. B. Riley set a $23.00 price objective on Zumiez and gave the company a “buy” rating in a research report on Friday, December 1st. William Blair reaffirmed a “buy” rating on shares of Zumiez in a research report on Thursday, January 4th. Zacks Investment Research downgraded Zumiez from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research report on Saturday, January 6th. Jefferies Group set a $22.00 price objective on Zumiez and gave the company a “hold” rating in a research report on Thursday, January 4th. Finally, BMO Capital Markets set a $20.00 price objective on Zumiez and gave the company a “hold” rating in a research report on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $20.50.

In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $20.75, for a total value of $162,742.25. Following the completion of the sale, the director now directly owns 9,908 shares in the company, valued at approximately $205,591. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 27.50% of the stock is currently owned by corporate insiders.

Shares of Zumiez (NASDAQ ZUMZ) opened at $22.45 on Thursday. Zumiez has a 1-year low of $11.43 and a 1-year high of $24.44. The firm has a market capitalization of $578.22, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.08 and a beta of 1.39.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The business had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $244.50 million. During the same period in the prior year, the business earned $0.43 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. analysts expect that Zumiez will post 1.18 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its stake in shares of Zumiez by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 91,853 shares of the apparel and footwear maker’s stock worth $1,135,000 after purchasing an additional 1,135 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in shares of Zumiez by 0.6% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 259,975 shares of the apparel and footwear maker’s stock worth $3,211,000 after purchasing an additional 1,475 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Zumiez by 1.3% during the 2nd quarter. Principal Financial Group Inc. now owns 134,150 shares of the apparel and footwear maker’s stock worth $1,657,000 after purchasing an additional 1,686 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Zumiez by 2.8% during the 2nd quarter. New York State Common Retirement Fund now owns 65,252 shares of the apparel and footwear maker’s stock worth $806,000 after purchasing an additional 1,808 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Zumiez by 12.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the apparel and footwear maker’s stock worth $204,000 after purchasing an additional 1,829 shares during the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Zumiez Inc. Same-Store Sales Increase by 7.9% in December, Shares Climb by 0% (NASDAQ:ZUMZ)” was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/zumiez-inc-same-store-sales-increase-by-7-9-in-december-shares-climb-by-0-nasdaqzumz/1811431.html.

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.

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.