Insider Selling: Zumiez Inc. (NASDAQ:ZUMZ) Insider Sells 8,315 Shares of Stock

Zumiez Inc. (NASDAQ:ZUMZ) insider Adam Christopher Ellis sold 8,315 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.51, for a total value of $270,320.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Zumiez stock traded up $0.06 on Wednesday, hitting $32.57. The company had a trading volume of 674,299 shares, compared to its average volume of 438,779. Zumiez Inc. has a 1 year low of $17.57 and a 1 year high of $33.47. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.06. The stock has a 50 day moving average of $25.03 and a 200-day moving average of $24.58. The stock has a market capitalization of $850.48 million, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.14 and a beta of 1.54.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.17. The business had revenue of $228.40 million during the quarter, compared to the consensus estimate of $223.65 million. Zumiez had a return on equity of 13.59% and a net margin of 5.35%. Zumiez’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. Equities analysts anticipate that Zumiez Inc. will post 2.15 earnings per share for the current year.

A number of brokerages have recently weighed in on ZUMZ. TheStreet raised Zumiez from a “c+” rating to a “b” rating in a research report on Thursday, September 5th. Zacks Investment Research raised shares of Zumiez from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Saturday, May 18th. DA Davidson boosted their price target on shares of Zumiez to $28.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Wedbush set a $17.00 price objective on shares of Zumiez and gave the stock a “sell” rating in a report on Friday, June 7th. Finally, ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.00.

A number of institutional investors and hedge funds have recently bought and sold shares of ZUMZ. Balyasny Asset Management LLC lifted its position in shares of Zumiez by 1,215.9% during the second quarter. Balyasny Asset Management LLC now owns 715,510 shares of the apparel and footwear maker’s stock valued at $18,675,000 after purchasing an additional 661,135 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Zumiez by 90.7% during the 1st quarter. JPMorgan Chase & Co. now owns 837,793 shares of the apparel and footwear maker’s stock worth $20,852,000 after buying an additional 398,376 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Zumiez in the 2nd quarter worth approximately $7,724,000. BlackRock Inc. grew its holdings in shares of Zumiez by 5.9% in the second quarter. BlackRock Inc. now owns 3,136,830 shares of the apparel and footwear maker’s stock valued at $81,870,000 after acquiring an additional 176,084 shares in the last quarter. Finally, 361 Capital LLC bought a new position in shares of Zumiez in the second quarter valued at approximately $3,095,000. 83.58% of the stock is currently owned by hedge funds and other institutional investors.

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.

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