Zumiez (NASDAQ:ZUMZ) Stock Rating Upgraded by StockNews.com

Zumiez (NASDAQ:ZUMZGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Zumiez from a “hold” rating to a “sell” rating and set a $48.00 price objective on the stock. in a report on Friday, March 4th. Seaport Res Ptn reiterated a “neutral” rating on shares of Zumiez in a research report on Tuesday, January 18th. Finally, B. Riley decreased their target price on shares of Zumiez from $56.00 to $48.00 in a research report on Friday, March 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Zumiez has a consensus rating of “Hold” and an average price target of $48.00.

ZUMZ stock opened at $39.39 on Friday. Zumiez has a fifty-two week low of $35.32 and a fifty-two week high of $55.10. The firm’s 50-day simple moving average is $42.03 and its 200 day simple moving average is $44.14. The stock has a market cap of $784.73 million, a PE ratio of 8.01 and a beta of 1.63.

Zumiez (NASDAQ:ZUMZGet Rating) last released its quarterly earnings data on Thursday, March 10th. The apparel and footwear maker reported $1.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.10). Zumiez had a return on equity of 22.30% and a net margin of 10.08%. The firm had revenue of $346.70 million during the quarter, compared to analyst estimates of $353.18 million. During the same period last year, the business earned $1.68 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. On average, analysts expect that Zumiez will post 4.73 earnings per share for the current fiscal year.

In other news, insider Chris K. Visser sold 8,888 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $41.78, for a total transaction of $371,340.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 23.10% of the company’s stock.

Large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of Zumiez by 1,354.5% in the second quarter. Royal Bank of Canada now owns 1,629 shares of the apparel and footwear maker’s stock worth $80,000 after buying an additional 1,517 shares during the period. Spire Wealth Management acquired a new position in shares of Zumiez in the third quarter worth about $29,000. Janney Montgomery Scott LLC boosted its holdings in shares of Zumiez by 11.2% in the third quarter. Janney Montgomery Scott LLC now owns 10,589 shares of the apparel and footwear maker’s stock worth $421,000 after buying an additional 1,068 shares during the period. Maryland State Retirement & Pension System acquired a new position in shares of Zumiez in the third quarter worth about $352,000. Finally, Hussman Strategic Advisors Inc. boosted its holdings in shares of Zumiez by 115.3% in the third quarter. Hussman Strategic Advisors Inc. now owns 62,000 shares of the apparel and footwear maker’s stock worth $2,465,000 after buying an additional 33,200 shares during the period. Institutional investors own 78.39% of the company’s stock.

Zumiez Company Profile (Get Rating)

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 26, 2022, the company operated 738 stores, including 602 stores in the United States, 52 stores in Canada, 67 stores in Europe, and 17 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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