Zumiez Inc. (NASDAQ:ZUMZ) Given Average Recommendation of “Hold” by Brokerages

Shares of Zumiez Inc. (NASDAQ:ZUMZ – Get Rating) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $46.80.

A number of analysts recently issued reports on ZUMZ shares. B. Riley decreased their target price on shares of Zumiez from $56.00 to $48.00 in a research report on Friday, March 11th. Zacks Investment Research lowered shares of Zumiez from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a research report on Friday, April 22nd. Finally, StockNews.com upgraded shares of Zumiez from a “hold” rating to a “buy” rating in a report on Tuesday, May 10th.

In related news, insider Chris K. Visser sold 8,888 shares of Zumiez 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 23.10% of the company’s stock.

Several large investors have recently bought and sold shares of ZUMZ. Captrust Financial Advisors lifted its holdings in shares of Zumiez by 946.8% during the 1st quarter. Captrust Financial Advisors now owns 806 shares of the apparel and footwear maker’s stock valued at $31,000 after acquiring an additional 729 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Zumiez during the 3rd quarter worth $47,000. Royal Bank of Canada increased its stake in Zumiez by 1,354.5% during the 2nd 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. Dark Forest Capital Management LP increased its stake in Zumiez by 1,149.5% during the 3rd quarter. Dark Forest Capital Management LP now owns 2,399 shares of the apparel and footwear maker’s stock worth $95,000 after buying an additional 2,207 shares during the period. Finally, UBS Group AG increased its stake in Zumiez by 16.5% during the 3rd quarter. UBS Group AG now owns 4,258 shares of the apparel and footwear maker’s stock worth $169,000 after buying an additional 603 shares during the period. Institutional investors and hedge funds own 81.84% of the company’s stock.

Shares of ZUMZ opened at $31.63 on Monday. Zumiez has a 1-year low of $30.39 and a 1-year high of $55.10. The firm has a 50 day simple moving average of $38.07 and a 200-day simple moving average of $43.26. The stock has a market cap of $614.76 million, a price-to-earnings ratio of 6.43 and a beta of 1.55.

Zumiez (NASDAQ:ZUMZ – Get Rating) last announced its earnings results on Thursday, March 10th. The apparel and footwear maker reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $353.18 million. During the same quarter last year, the business posted $1.68 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, equities analysts expect that Zumiez will post 4.73 earnings per share for the current year.

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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