ValuEngine cut shares of Zumiez (NASDAQ:ZUMZ) from a sell rating to a strong sell rating in a report issued on Friday.

Several other equities research analysts have also recently commented on ZUMZ. B. Riley set a $32.00 price target on Zumiez and gave the company a buy rating in a research note on Thursday, August 9th. BidaskClub cut Zumiez from a sell rating to a strong sell rating in a research note on Friday, November 30th. DA Davidson reissued a neutral rating and issued a $20.00 price target on shares of Zumiez in a research note on Friday. Robert W. Baird reissued a hold rating and issued a $28.00 price target on shares of Zumiez in a research note on Thursday, August 9th. Finally, Pivotal Research began coverage on Zumiez in a research note on Monday, August 13th. They issued a hold rating and a $30.00 price target for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $26.00.

Shares of NASDAQ ZUMZ traded down $0.94 during trading hours on Friday, hitting $18.32. The stock had a trading volume of 1,204,857 shares, compared to its average volume of 451,715. The stock has a market cap of $491.50 million, a price-to-earnings ratio of 13.38, a PEG ratio of 0.91 and a beta of 1.23. Zumiez has a 52 week low of $17.75 and a 52 week high of $32.70.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, December 6th. The apparel and footwear maker reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.06. The business had revenue of $248.80 million during the quarter, compared to analysts’ expectations of $248.70 million. Zumiez had a return on equity of 10.16% and a net margin of 3.62%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS. Analysts predict that Zumiez will post 1.69 EPS for the current fiscal year.

In other Zumiez news, insider Chris K. Visser sold 1,934 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $28.08, for a total transaction of $54,306.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Travis Smith sold 3,193 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $28.85, for a total value of $92,118.05. Following the sale, the director now directly owns 17,770 shares of the company’s stock, valued at approximately $512,664.50. The disclosure for this sale can be found here. 27.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in ZUMZ. Vanguard Group Inc. lifted its holdings in shares of Zumiez by 9.9% during the third quarter. Vanguard Group Inc. now owns 2,199,058 shares of the apparel and footwear maker’s stock worth $57,945,000 after buying an additional 197,221 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Zumiez by 26.0% during the third quarter. Morgan Stanley now owns 358,889 shares of the apparel and footwear maker’s stock worth $9,457,000 after buying an additional 74,044 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Zumiez by 10.1% during the third quarter. Legal & General Group Plc now owns 39,815 shares of the apparel and footwear maker’s stock worth $1,051,000 after buying an additional 3,639 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Zumiez by 10.0% during the third quarter. Teachers Advisors LLC now owns 439,492 shares of the apparel and footwear maker’s stock worth $11,581,000 after buying an additional 39,916 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Zumiez by 100.2% during the third quarter. AQR Capital Management LLC now owns 471,511 shares of the apparel and footwear maker’s stock worth $12,425,000 after buying an additional 236,007 shares during the last quarter. 82.91% 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.

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Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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