StockNews.com Downgrades Zumiez (NASDAQ:ZUMZ) to Hold

StockNews.com cut shares of Zumiez (NASDAQ:ZUMZGet Rating) from a buy rating to a hold rating in a research report released on Friday morning.

Several other analysts have also recently weighed in on ZUMZ. Seaport Res Ptn reaffirmed a neutral rating on shares of Zumiez in a research report on Tuesday, January 18th. Zacks Investment Research cut Zumiez from a buy rating to a hold rating and set a $42.00 price target on the stock. in a research report on Friday, April 22nd. Finally, B. Riley dropped their price target on Zumiez from $56.00 to $48.00 in a research report on Friday, March 11th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $46.80.

ZUMZ opened at $36.63 on Friday. The company has a market cap of $712.09 million, a P/E ratio of 7.45 and a beta of 1.63. The business’s 50-day moving average price is $40.65 and its 200-day moving average price is $43.94. Zumiez has a 12 month low of $35.32 and a 12 month high of $55.10.

Zumiez (NASDAQ:ZUMZGet Rating) last released its quarterly earnings data on Thursday, March 10th. The apparel and footwear maker reported $1.70 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $346.70 million during the quarter, compared to analysts’ expectations of $353.18 million. During the same quarter in the prior year, the firm posted $1.68 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts expect that Zumiez will post 4.73 earnings per share for the current year.

In other Zumiez news, insider Chris K. Visser sold 8,888 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $41.78, for a total transaction of $371,340.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.10% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its holdings in shares of Zumiez by 2.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,878 shares of the apparel and footwear maker’s stock valued at $522,000 after purchasing an additional 289 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Zumiez by 2.5% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,615 shares of the apparel and footwear maker’s stock valued at $661,000 after purchasing an additional 412 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Zumiez by 0.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 106,507 shares of the apparel and footwear maker’s stock valued at $4,235,000 after purchasing an additional 440 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Zumiez by 1.6% in the 4th quarter. California State Teachers Retirement System now owns 30,093 shares of the apparel and footwear maker’s stock valued at $1,444,000 after acquiring an additional 463 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Zumiez by 2.1% in the 3rd quarter. Voya Investment Management LLC now owns 27,594 shares of the apparel and footwear maker’s stock valued at $1,097,000 after acquiring an additional 565 shares during the last quarter. 78.39% of the stock is owned by institutional investors.

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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