Zumiez (NASDAQ:ZUMZ) Share Price Crosses Above 200-Day Moving Average of $0.00

Zumiez Inc. (NASDAQ:ZUMZ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $25.19. Zumiez shares last traded at $24.52, with a volume of 9,175 shares changing hands.

Several analysts have commented on the company. Zacks Investment Research raised Zumiez from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Saturday, May 18th. ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a research note on Monday, July 22nd. TheStreet downgraded Zumiez from a “b” rating to a “c+” rating in a research note on Thursday, June 6th. Wedbush set a $17.00 price objective on Zumiez and gave the company a “sell” rating in a research note on Friday, June 7th. Finally, Pivotal Research reaffirmed a “hold” rating and set a $22.00 price objective (down from $28.00) on shares of Zumiez in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $23.57.

The business’s 50 day moving average is $25.01. The company has a quick ratio of 1.34, a current ratio of 2.28 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $589.47 million, a PE ratio of 12.79, a PEG ratio of 1.00 and a beta of 1.61.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, June 6th. The apparel and footwear maker reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.12. The business had revenue of $212.90 million during the quarter, compared to the consensus estimate of $205.96 million. Zumiez had a return on equity of 12.81% and a net margin of 4.93%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.10) EPS. On average, equities research analysts predict that Zumiez Inc. will post 1.89 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of ZUMZ. Cambridge Investment Research Advisors Inc. purchased a new position in Zumiez in the 1st quarter valued at approximately $825,000. Victory Capital Management Inc. purchased a new position in Zumiez in the 1st quarter valued at approximately $1,454,000. Deutsche Bank AG increased its stake in Zumiez by 21.6% in the 4th quarter. Deutsche Bank AG now owns 391,713 shares of the apparel and footwear maker’s stock valued at $7,506,000 after purchasing an additional 69,613 shares in the last quarter. Geode Capital Management LLC increased its stake in Zumiez by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 211,829 shares of the apparel and footwear maker’s stock valued at $4,060,000 after purchasing an additional 19,120 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake 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 valued at $107,000 after purchasing an additional 3,858 shares in the last quarter. 81.42% of the stock is owned by institutional investors and hedge funds.

About Zumiez (NASDAQ:ZUMZ)

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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