Zumiez (NASDAQ:ZUMZ) Upgraded at StockNews.com

StockNews.com upgraded shares of Zumiez (NASDAQ:ZUMZ) from a sell rating to a hold rating in a report issued on Friday morning.

Separately, B. Riley cut their price objective on Zumiez from $19.00 to $16.00 and set a neutral rating on the stock in a report on Wednesday, March 20th.

Zumiez Trading Down 2.4 %

Shares of NASDAQ:ZUMZ opened at $14.29 on Friday. The business has a 50-day moving average price of $16.00 and a 200 day moving average price of $17.30. Zumiez has a 12-month low of $12.90 and a 12-month high of $21.49. The company has a market capitalization of $283.37 million, a price-to-earnings ratio of -4.40 and a beta of 1.46.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, March 14th. The apparel and footwear maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.26 by $0.14. Zumiez had a negative net margin of 7.15% and a negative return on equity of 5.70%. The firm had revenue of $281.82 million for the quarter, compared to analyst estimates of $275.98 million. As a group, equities research analysts predict that Zumiez will post -0.17 earnings per share for the current fiscal year.

Insider Activity at Zumiez

In other Zumiez news, insider Adam Christopher Ellis bought 10,000 shares of Zumiez stock in a transaction on Thursday, April 4th. The shares were bought at an average cost of $14.31 per share, for a total transaction of $143,100.00. Following the acquisition, the insider now directly owns 57,917 shares in the company, valued at $828,792.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ZUMZ. Millennium Management LLC grew its position in shares of Zumiez by 414.0% during the fourth quarter. Millennium Management LLC now owns 609,324 shares of the apparel and footwear maker’s stock worth $13,247,000 after buying an additional 490,772 shares in the last quarter. Marshall Wace LLP grew its holdings in Zumiez by 1,571.0% during the 2nd quarter. Marshall Wace LLP now owns 272,380 shares of the apparel and footwear maker’s stock worth $4,538,000 after acquiring an additional 256,080 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Zumiez by 134.9% in the 2nd quarter. Renaissance Technologies LLC now owns 302,008 shares of the apparel and footwear maker’s stock valued at $7,852,000 after purchasing an additional 173,415 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Zumiez in the 4th quarter valued at $3,757,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Zumiez by 9.4% in the 1st quarter. Thrivent Financial for Lutherans now owns 1,723,880 shares of the apparel and footwear maker’s stock valued at $31,788,000 after purchasing an additional 148,394 shares in the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

About Zumiez

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.