Shares of Zumiez Inc. (NASDAQ:ZUMZ) were down 6.5% on Thursday . The stock traded as low as $23.57 and last traded at $23.68. Approximately 1,077,290 shares were traded during mid-day trading, an increase of 139% from the average daily volume of 450,042 shares. The stock had previously closed at $25.33.

Several analysts have weighed in on ZUMZ shares. Zacks Investment Research downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Wednesday, December 26th. B. Riley set a $28.00 price target on shares of Zumiez and gave the stock a “buy” rating in a research note on Sunday, December 9th. ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Pivotal Research restated a “buy” rating and issued a $28.00 price objective on shares of Zumiez in a report on Thursday, January 10th. Finally, BidaskClub upgraded shares of Zumiez from a “strong sell” rating to a “sell” rating in a report on Thursday, December 27th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.14.

The stock has a market cap of $627.55 million, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.24.

Several hedge funds have recently made changes to their positions in ZUMZ. Pearl River Capital LLC purchased a new position in shares of Zumiez in the 4th quarter worth $31,000. Pacer Advisors Inc. raised its holdings in shares of Zumiez by 246.0% in the 3rd quarter. Pacer Advisors Inc. now owns 4,637 shares of the apparel and footwear maker’s stock valued at $122,000 after purchasing an additional 3,297 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Zumiez by 339.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,388 shares of the apparel and footwear maker’s stock worth $122,000 after acquiring an additional 4,933 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Zumiez during the 4th quarter worth approximately $138,000. Finally, GSA Capital Partners LLP bought a new position in shares of Zumiez during the 3rd quarter worth approximately $213,000. Hedge funds and other institutional investors own 79.87% of the company’s stock.

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Zumiez Company Profile (NASDAQ:ZUMZ)

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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