Zumiez (ZUMZ) Downgraded to Sell at ValuEngine

ValuEngine cut shares of Zumiez (NASDAQ:ZUMZ) from a hold rating to a sell rating in a research report report published on Thursday, March 21st, ValuEngine reports.

Several other research analysts have also commented on the company. B. Riley cut their price objective on Zumiez to $32.00 and set a buy rating on the stock in a research report on Monday, December 3rd. BidaskClub upgraded Zumiez from a sell rating to a hold rating in a research note on Tuesday, January 22nd. Zacks Investment Research downgraded Zumiez from a hold rating to a sell rating in a research note on Wednesday, December 26th. Pivotal Research restated a buy rating and set a $28.00 target price on shares of Zumiez in a research note on Thursday, January 10th. Finally, DA Davidson restated a neutral rating and set a $20.00 target price on shares of Zumiez in a research note on Friday, December 7th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Zumiez presently has a consensus rating of Hold and a consensus target price of $25.17.

NASDAQ:ZUMZ traded down $0.38 during trading hours on Thursday, reaching $26.49. 272,400 shares of the company traded hands, compared to its average volume of 456,203. The stock has a market cap of $685.72 million, a PE ratio of 14.80, a price-to-earnings-growth ratio of 1.06 and a beta of 1.23. Zumiez has a 1-year low of $17.57 and a 1-year high of $32.70.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, March 14th. The apparel and footwear maker reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.07. The firm had revenue of $304.56 million for the quarter, compared to analysts’ expectations of $305.55 million. Zumiez had a return on equity of 12.24% and a net margin of 4.62%. Zumiez’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. As a group, equities analysts anticipate that Zumiez will post 1.85 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pearl River Capital LLC bought a new stake in shares of Zumiez during the fourth quarter valued at approximately $31,000. Pacer Advisors Inc. raised its holdings in shares of Zumiez by 246.0% during the third quarter. Pacer Advisors Inc. now owns 4,637 shares of the apparel and footwear maker’s stock valued at $122,000 after buying an additional 3,297 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Zumiez by 339.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,388 shares of the apparel and footwear maker’s stock valued at $122,000 after buying an additional 4,933 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in shares of Zumiez during the fourth quarter valued at approximately $138,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Zumiez during the third quarter valued at approximately $213,000. 79.90% of the stock is currently owned by institutional investors.

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 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.

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Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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