Zumiez (NASDAQ:ZUMZ) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Zumiez (NASDAQ:ZUMZ) from a hold rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings downgraded Zumiez from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 18th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Zumiez currently has an average rating of “Reduce”.

Zumiez Stock Up 1.9%

ZUMZ opened at $18.03 on Friday. The firm’s fifty day simple moving average is $18.58 and its two-hundred day simple moving average is $21.35. Zumiez has a 52-week low of $15.09 and a 52-week high of $31.70. The company has a market cap of $304.17 million, a price-to-earnings ratio of 21.72 and a beta of 1.00.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, June 4th. The apparel and footwear maker reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.01). Zumiez had a return on equity of 4.24% and a net margin of 1.54%.The company had revenue of $193.35 million for the quarter, compared to analysts’ expectations of $191.02 million. During the same period in the prior year, the firm earned ($0.66) EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts forecast that Zumiez will post 0.87 EPS for the current year.

Insider Activity at Zumiez

In other news, Director Liliana Valletta sold 3,841 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $18.82, for a total value of $72,287.62. Following the completion of the sale, the director directly owned 7,123 shares in the company, valued at $134,054.86. This represents a 35.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 6,000 shares of company stock valued at $112,987 in the last ninety days. 24.30% of the stock is owned by corporate insiders.

Institutional Trading of Zumiez

Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Zumiez in the 2nd quarter worth approximately $34,481,000. Arrowstreet Capital Limited Partnership grew its position in shares of Zumiez by 16.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 471,498 shares of the apparel and footwear maker’s stock valued at $10,448,000 after purchasing an additional 67,469 shares in the last quarter. Tieton Capital Management LLC purchased a new stake in shares of Zumiez in the second quarter valued at approximately $7,936,000. Empowered Funds LLC increased its holdings in shares of Zumiez by 62.1% in the first quarter. Empowered Funds LLC now owns 261,755 shares of the apparel and footwear maker’s stock valued at $5,800,000 after purchasing an additional 100,268 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY acquired a new stake in shares of Zumiez in the second quarter valued at approximately $6,654,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Zumiez Company Profile

Zumiez, Inc (NASDAQ: ZUMZ) is a specialty retailer offering apparel, footwear, accessories and hardgoods targeted at the action-sports lifestyle market. With a focus on skateboarding, snowboarding, BMX and streetwear, the company stocks a mix of leading third-party brands—such as Vans, Nike SB, DC Shoes and The North Face—alongside proprietary private-label merchandise. In addition to traditional fashion items, Zumiez stores carry hardware and equipment tailored to board sports, supporting both amateur and enthusiast consumers.

Originally founded in 1978 in Seattle, Washington, by Tom Campion, Gary Haakenson and Steve Brosvik, Zumiez opened its first branded retail location in 1988.