Zumiez (ZUMZ) Earning Somewhat Favorable News Coverage, Report Shows
News articles about Zumiez (NASDAQ:ZUMZ) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Zumiez earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the apparel and footwear maker an impact score of 46.736611999847 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Zumiez (ZUMZ) Price Target Raised to $34.00 (americanbankingnews.com)
- Zumiez Inc. (ZUMZ) CEO Richard Brooks on Q2 2018 Results – Earnings Call Transcript (seekingalpha.com)
- Zumiez, Inc. (ZUMZ) Tops Q2 EPS by 3c; Offers 3Q Revenue Mid-Point Outlook Below Consensus (streetinsider.com)
- Zumiez (ZUMZ) Beats Q2 Earnings and Revenue Estimates (zacks.com)
- Zumiez posts improved quarter (seekingalpha.com)
NASDAQ:ZUMZ traded up $0.05 during trading hours on Friday, hitting $29.20. 1,039,269 shares of the company were exchanged, compared to its average volume of 457,678. The firm has a market cap of $743.72 million, a P/E ratio of 26.55 and a beta of 1.18. Zumiez has a one year low of $15.00 and a one year high of $32.70.
A number of research analysts have recently commented on the company. B. Riley increased their price target on Zumiez from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday. ValuEngine cut Zumiez from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. BidaskClub cut Zumiez from a “buy” rating to a “hold” rating in a research note on Sunday, July 15th. Robert W. Baird reiterated 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 upgraded Zumiez from a “hold” rating to a “buy” rating and increased their price target for the company from $30.00 to $36.00 in a research note on Tuesday, September 4th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $27.00.
In other Zumiez news, CEO Richard Miles Brooks sold 3,400 shares of the stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $30.00, for a total transaction of $102,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,147,847 shares in the company, valued at approximately $94,435,410. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Christopher Codington Work sold 5,746 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $32.00, for a total value of $183,872.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,217 shares of company stock valued at $3,641,660. 27.70% of the stock is owned by corporate insiders.
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 February 3, 2018, the company operated 698 stores, including 607 stores in the United States, 50 stores in Canada, 34 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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