The stock of Zumiez Inc. (NASDAQ:ZUMZ) last traded at $22.52, down -3.26% from the previous session.
Data from the available sources indicates that Zumiez Inc. (NASDAQ:ZUMZ) is covered by 4 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $22.00, we find $23.50. Given the previous closing price of $23.28, this indicates a potential upside of 0.95 percent. ZUMZ stock price is now -7.10% away from the 50-day moving average and -10.00% away from the 200-day moving average. The market capitalization of the company currently stands at $436.21M.
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In total, 4 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $23.50 as their price target over the next twelve months.
On September 09, 2022, B. Riley Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $42 to quote $25, while ‘Seaport Research Partners’ rates the stock as ‘Neutral’.
In other news, Visser Chris K., Chief Legal Officer & Sec. sold 8,888 shares of the company’s stock on Mar 29. The stock was sold for $371,360 at an average price of $41.78. Upon completion of the transaction, the Chief Legal Officer & Sec. now directly owns 12,339 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 22, Chief Legal Officer & Sec. Visser Chris K. sold 500 shares of the business’s stock. A total of $21,000 was realized by selling the stock at an average price of $42.00. This leaves the insider owning 12,339 shares of the company worth $0.28 million. Insiders disposed of 20,006 shares of company stock worth roughly $0.45 million over the past 1 year. A total of 19.55% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ZUMZ stock. A new stake in Zumiez Inc. shares was purchased by SCHONFELD STRATEGIC ADVISORS LLC during the first quarter worth $3,891,000. EVR RESEARCH LP invested $3,536,000 in shares of ZUMZ during the first quarter. In the first quarter, OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in Zumiez Inc. valued at approximately $1,466,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in ZUMZ for approximately $1,101,000. WOODLINE PARTNERS LP purchased a new stake in ZUMZ valued at around $920,000 in the second quarter. In total, there are 227 active investors with 90.90% ownership of the company’s stock.
With an opening price of $23.18 on Thursday morning, Zumiez Inc. (NASDAQ: ZUMZ) set off the trading day. During the past 12 months, Zumiez Inc. has had a low of $18.86 and a high of $45.58. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.00, and a quick ratio of 1.00. The fifty day moving average price for ZUMZ is $24.24 and a two-hundred day moving average price translates $25.02 for the stock.
The latest earnings results from Zumiez Inc. (NASDAQ: ZUMZ) was released for Oct, 2022. According to the Apparel Retail Company, earnings per share came in at $0.36, beating analysts’ expectations of $0.16 by 0.2. This compares to $1.25 EPS in the same period last year. The company reported revenue of $237.59 million for the quarter, compared to $289.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.92 percent. For the current quarter, analysts expect ZUMZ to generate $267.79M in revenue.
Zumiez Inc.(ZUMZ) 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 November 26, 2022, the company operated 763 stores, including 615 stores in the United States, 52 stores in Canada, 75 stores in Europe, and 21 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times. The company also operates zumiez.com, zumiez.ca, blue-tomato.com, and fasttimes.com.au e-commerce websites. Zumiez Inc. was founded in 1978 and is headquartered in Lynnwood, Washington.
