Zumiez (NASDAQ:ZUMZ) Raised to “Hold” at StockNews.com

Zumiez (NASDAQ:ZUMZ) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Separately, B. Riley reduced their target price on Zumiez from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, March 20th.

Zumiez Stock Down 1.5 %

Zumiez stock traded down $0.23 during midday trading on Friday, reaching $14.64. The stock had a trading volume of 190,752 shares, compared to its average volume of 198,487. Zumiez has a 12 month low of $12.90 and a 12 month high of $21.49. The firm’s 50-day moving average price is $16.06 and its 200 day moving average price is $17.33. The firm has a market capitalization of $290.36 million, a PE ratio of -4.50 and a beta of 1.46.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, March 14th. The apparel and footwear maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.14. Zumiez had a negative return on equity of 5.70% and a negative net margin of 7.15%. The business had revenue of $281.82 million for the quarter, compared to analysts’ expectations of $275.98 million. Equities research analysts expect that Zumiez will post -0.17 EPS for the current year.

Insider Activity at Zumiez

In other Zumiez news, insider Adam Christopher Ellis bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was bought at an average price of $14.31 per share, for a total transaction of $143,100.00. Following the completion of the acquisition, the insider now directly owns 57,917 shares in the company, valued at $828,792.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 20.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zumiez

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZUMZ. Raymond James & Associates grew its stake in Zumiez by 17.5% in the first quarter. Raymond James & Associates now owns 9,403 shares of the apparel and footwear maker’s stock worth $359,000 after purchasing an additional 1,400 shares during the period. MetLife Investment Management LLC grew its stake in Zumiez by 54.6% in the first quarter. MetLife Investment Management LLC now owns 11,362 shares of the apparel and footwear maker’s stock worth $434,000 after purchasing an additional 4,012 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Zumiez by 4.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,838 shares of the apparel and footwear maker’s stock valued at $643,000 after buying an additional 672 shares during the last quarter. Aviva PLC bought a new stake in Zumiez in the first quarter worth $2,038,000. Finally, Ergoteles LLC purchased a new stake in shares of Zumiez in the first quarter worth $791,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Zumiez Company Profile

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.