Zumiez (NASDAQ:ZUMZ) Stock Price Crosses Above 200 Day Moving Average of $17.21

Zumiez Inc. (NASDAQ:ZUMZ)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.21 and traded as high as $17.24. Zumiez shares last traded at $16.90, with a volume of 602,471 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. B. Riley lowered their target price on shares of Zumiez from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, March 20th. StockNews.com upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a report on Friday, April 12th.

Zumiez Stock Up 6.5 %

The business’s fifty day moving average is $15.64 and its 200-day moving average is $17.21. The stock has a market capitalization of $335.13 million, a PE ratio of -5.20 and a beta of 1.46.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, March 14th. The apparel and footwear maker reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.14. Zumiez had a negative net margin of 7.15% and a negative return on equity of 5.70%. The company had revenue of $281.82 million during the quarter, compared to the consensus estimate of $275.98 million. As a group, sell-side analysts anticipate that Zumiez Inc. will post -0.17 EPS for the current fiscal year.

Insider Activity

In related news, insider Adam Christopher Ellis purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were purchased at an average cost of $14.31 per share, with a total value of $143,100.00. Following the completion of the acquisition, the insider now directly owns 57,917 shares of the company’s stock, valued at approximately $828,792.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.20% of the company’s stock.

Hedge Funds Weigh In On Zumiez

Several institutional investors have recently modified their holdings of ZUMZ. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Zumiez by 51.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,251 shares of the apparel and footwear maker’s stock valued at $66,000 after buying an additional 1,108 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Zumiez by 19.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,100 shares of the apparel and footwear maker’s stock valued at $73,000 after purchasing an additional 658 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Zumiez during the third quarter valued at about $75,000. Studio Investment Management LLC purchased a new stake in Zumiez during the third quarter valued at about $160,000. Finally, SG Americas Securities LLC lifted its stake in Zumiez by 79.3% during the third quarter. SG Americas Securities LLC now owns 14,278 shares of the apparel and footwear maker’s stock valued at $254,000 after buying an additional 6,313 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

About Zumiez

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.