Zumiez Inc. (NASDAQ:ZUMZ) insider Adam Christopher Ellis sold 5,000 shares of the stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the completion of the transaction, the insider now owns 30,340 shares of the company’s stock, valued at $970,880. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Adam Christopher Ellis also recently made the following trade(s):
- On Monday, September 14th, Adam Christopher Ellis sold 2,772 shares of Zumiez stock. The shares were sold at an average price of $30.00, for a total value of $83,160.00.
Shares of NASDAQ:ZUMZ opened at $32.37 on Friday. The firm has a market cap of $823.66 million, a P/E ratio of 13.49 and a beta of 1.71. Zumiez Inc. has a 12-month low of $13.13 and a 12-month high of $35.68. The business has a fifty day simple moving average of $28.55 and a 200 day simple moving average of $24.73.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 10th. The apparel and footwear maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.67. Zumiez had a return on equity of 14.02% and a net margin of 6.25%. The business had revenue of $250.40 million during the quarter, compared to analyst estimates of $229.34 million. During the same period last year, the company earned $0.36 EPS. Zumiez’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Zumiez Inc. will post 1.94 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of Zumiez by 10.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 8,230 shares of the apparel and footwear maker’s stock worth $229,000 after acquiring an additional 788 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Zumiez by 0.5% in the 2nd quarter. Principal Financial Group Inc. now owns 166,366 shares of the apparel and footwear maker’s stock worth $4,555,000 after acquiring an additional 891 shares in the last quarter. Bridgeway Capital Management Inc. raised its position in shares of Zumiez by 7.3% in the 2nd quarter. Bridgeway Capital Management Inc. now owns 142,600 shares of the apparel and footwear maker’s stock worth $3,904,000 after acquiring an additional 9,700 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new position in shares of Zumiez in the 2nd quarter worth about $6,714,000. Finally, Point72 Asset Management L.P. raised its position in shares of Zumiez by 208.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 180,685 shares of the apparel and footwear maker’s stock worth $4,947,000 after acquiring an additional 122,091 shares in the last quarter. 80.45% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on ZUMZ shares. TheStreet upgraded Zumiez from a “c+” rating to a “b-” rating in a research note on Friday, September 11th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, September 21st. B. Riley increased their price target on Zumiez from $35.00 to $33.00 in a research note on Friday, September 11th. Zacks Investment Research cut Zumiez from a “hold” rating to a “strong sell” rating and set a $20.00 price target for the company. in a research note on Friday, August 7th. Finally, BidaskClub raised Zumiez from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $28.86.
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 29, 2020, the company operated 718 stores, including 607 stores in the United States, 52 stores in Canada, 48 stores in Europe, and 11 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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