Zumiez (NASDAQ:ZUMZ) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday, April 17th.
Other analysts have also issued research reports about the stock. TheStreet upgraded shares of Zumiez from a “c+” rating to a “b-” rating in a research report on Tuesday, March 20th. William Blair reissued a “buy” rating on shares of Zumiez in a research note on Thursday, January 4th. B. Riley set a $25.50 price target on shares of Zumiez and gave the stock a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research raised shares of Zumiez from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, March 20th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $28.00 target price on shares of Zumiez in a research note on Thursday, April 12th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $24.20.
NASDAQ:ZUMZ opened at $23.83 on Tuesday. Zumiez has a 52 week low of $11.43 and a 52 week high of $26.30. The company has a market cap of $576.95, a P/E ratio of 21.66, a PEG ratio of 0.82 and a beta of 1.11.
In other news, Director Thomas D. Campion sold 35,459 shares of the business’s stock in a transaction that occurred on Wednesday, April 11th. The shares were sold at an average price of $25.07, for a total transaction of $888,957.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 258,797 shares of company stock valued at $6,484,643 in the last quarter. 27.50% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in Zumiez in the 3rd quarter valued at $199,000. HBK Investments L P purchased a new position in Zumiez during the 4th quarter worth $214,000. MetLife Investment Advisors LLC purchased a new position in Zumiez during the 4th quarter worth $218,000. Paloma Partners Management Co purchased a new position in Zumiez during the 4th quarter worth $235,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Zumiez during the 4th quarter worth $240,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.
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 3, 2018, the company operated 698 stores, including 607 stores in the United States, 50 stores in Canada, 34 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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