BidaskClub cut shares of Zumiez (NASDAQ:ZUMZ) from a hold rating to a sell rating in a report published on Monday, BidAskClub reports.

Several other equities research analysts also recently weighed in on ZUMZ. Zacks Investment Research downgraded shares of Zumiez from a buy rating to a hold rating in a research report on Saturday, January 26th. Pivotal Research downgraded shares of Zumiez from a buy rating to a hold rating and reduced their price target for the company from $28.00 to $26.00 in a research report on Monday, March 11th. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research report on Thursday, March 21st. Finally, Wedbush downgraded shares of Zumiez from a neutral rating to an underperform rating and set a $22.00 price target for the company. in a research report on Thursday, May 9th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Zumiez currently has an average rating of Hold and an average price target of $25.14.

Shares of ZUMZ opened at $21.22 on Monday. The company has a market cap of $577.41 million, a P/E ratio of 11.85, a PEG ratio of 0.89 and a beta of 1.24. Zumiez has a twelve month low of $17.57 and a twelve month high of $32.70.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, March 14th. The apparel and footwear maker reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.07. The company had revenue of $304.56 million during the quarter, compared to the consensus estimate of $305.55 million. Zumiez had a net margin of 4.62% and a return on equity of 12.24%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share. On average, research analysts forecast that Zumiez will post 1.85 EPS for the current fiscal year.

In other Zumiez news, insider Troy R. Brown sold 20,324 shares of Zumiez stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $27.41, for a total value of $557,080.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott Andrew Bailey sold 5,986 shares of Zumiez stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $25.94, for a total transaction of $155,276.84. Following the completion of the sale, the director now directly owns 3,189 shares of the company’s stock, valued at approximately $82,722.66. The disclosure for this sale can be found here. Insiders own 23.10% of the company’s stock.

A number of large investors have recently bought and sold shares of ZUMZ. Pearl River Capital LLC bought a new stake in Zumiez in the 4th quarter worth approximately $31,000. Macquarie Group Ltd. grew its position in Zumiez by 503.0% in the 1st quarter. Macquarie Group Ltd. now owns 2,412 shares of the apparel and footwear maker’s stock worth $60,000 after purchasing an additional 2,012 shares during the period. PNC Financial Services Group Inc. grew its position in Zumiez by 164.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,675 shares of the apparel and footwear maker’s stock worth $67,000 after purchasing an additional 1,662 shares during the period. BNP Paribas Arbitrage SA grew its position in Zumiez by 853.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,310 shares of the apparel and footwear maker’s stock worth $107,000 after purchasing an additional 3,858 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew its position in Zumiez by 339.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,388 shares of the apparel and footwear maker’s stock worth $122,000 after purchasing an additional 4,933 shares during the period. 81.67% of the stock is owned by institutional investors and hedge funds.

About Zumiez

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 September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

Further Reading: Fundamental Analysis and Individual Investors

Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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