Research analysts at DA Davidson started coverage on shares of Zumiez (NASDAQ:ZUMZ) in a research report issued to clients and investors on Tuesday, The Fly reports. The firm set a “neutral” rating on the apparel and footwear maker’s stock.

Other equities research analysts have also recently issued reports about the company. TheStreet raised Zumiez from a “c+” rating to a “b” rating in a research note on Friday, September 7th. B. Riley lifted their target price on Zumiez from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Pivotal Research raised Zumiez from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $36.00 in a research note on Tuesday, September 4th. ValuEngine raised Zumiez from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. Finally, BidaskClub raised Zumiez from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Zumiez currently has an average rating of “Buy” and an average price target of $27.00.

Shares of NASDAQ ZUMZ traded down $0.60 during midday trading on Tuesday, hitting $27.00. The stock had a trading volume of 448,500 shares, compared to its average volume of 456,739. The stock has a market capitalization of $717.09 million, a P/E ratio of 24.55 and a beta of 1.16. Zumiez has a fifty-two week low of $16.70 and a fifty-two week high of $32.70.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, September 6th. The apparel and footwear maker reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.04. The company had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $218.50 million. Zumiez had a return on equity of 9.82% and a net margin of 3.43%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the firm earned ($0.02) EPS. equities research analysts forecast that Zumiez will post 1.69 earnings per share for the current year.

In related news, insider Chris K. Visser sold 1,934 shares of Zumiez stock in a transaction 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 available through the SEC website. Also, Director Travis Smith sold 3,193 shares of Zumiez stock in a transaction 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 $512,664.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,344 shares of company stock valued at $3,788,085. 27.70% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Piedmont Investment Advisors LLC bought a new position in Zumiez during the second quarter worth about $107,000. Sun Life Financial INC bought a new position in Zumiez during the second quarter worth about $110,000. Itau Unibanco Holding S.A. bought a new position in Zumiez during the second quarter worth about $137,000. American Century Companies Inc. bought a new position in Zumiez during the second quarter worth about $203,000. Finally, Louisiana State Employees Retirement System bought a new position in Zumiez during the second quarter worth about $205,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

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 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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Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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