Zumiez Inc. (ZUMZ) Director Sells $92,118.05 in Stock

Zumiez Inc. (NASDAQ:ZUMZ) Director Travis Smith sold 3,193 shares of Zumiez stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $28.85, for a total transaction of $92,118.05. Following the transaction, the director now directly owns 17,770 shares in the company, valued at $512,664.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

ZUMZ opened at $28.30 on Friday. The firm has a market capitalization of $722.19 million, a P/E ratio of 25.73 and a beta of 1.18. Zumiez Inc. has a 12 month low of $15.95 and a 12 month high of $32.70.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, September 6th. The apparel and footwear maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. Zumiez had a net margin of 3.43% and a return on equity of 9.82%. The firm had revenue of $219.00 million for the quarter, compared to analyst estimates of $218.50 million. During the same period in the previous year, the business earned ($0.02) EPS. The company’s revenue was up 13.9% compared to the same quarter last year. equities analysts predict that Zumiez Inc. will post 1.69 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of ZUMZ. SG Americas Securities LLC increased its stake in Zumiez by 16.8% in the 1st quarter. SG Americas Securities LLC now owns 21,575 shares of the apparel and footwear maker’s stock valued at $516,000 after buying an additional 3,109 shares during the last quarter. Trexquant Investment LP acquired a new stake in Zumiez in the 1st quarter valued at $665,000. Massachusetts Financial Services Co. MA increased its stake in Zumiez by 20.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 552,808 shares of the apparel and footwear maker’s stock valued at $13,212,000 after buying an additional 94,367 shares during the last quarter. Engineers Gate Manager LP increased its stake in Zumiez by 21.5% in the 1st quarter. Engineers Gate Manager LP now owns 44,600 shares of the apparel and footwear maker’s stock valued at $1,066,000 after buying an additional 7,903 shares during the last quarter. Finally, Alambic Investment Management L.P. acquired a new stake in Zumiez in the 1st quarter valued at $275,000. Hedge funds and other institutional investors own 75.87% of the company’s stock.

Several equities research analysts recently commented on the stock. ValuEngine raised shares of Zumiez from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. BidaskClub cut shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Sunday, July 15th. B. Riley set a $32.00 price objective on shares of Zumiez and gave the company a “buy” rating in a research report on Thursday, August 9th. TheStreet cut shares of Zumiez from a “b-” rating to a “c+” rating in a research report on Monday, July 16th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Zumiez in a research report on Thursday, August 9th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Zumiez has an average rating of “Buy” and an average price target of $27.00.

Zumiez Company Profile

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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