Zumiez (NASDAQ:ZUMZ) Share Price Passes Above 200-Day Moving Average of $17.45

Zumiez Inc. (NASDAQ:ZUMZ)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.45 and traded as high as $19.57. Zumiez shares last traded at $18.73, with a volume of 337,030 shares traded.

Analyst Ratings Changes

A number of equities analysts have issued reports on ZUMZ shares. Jefferies Financial Group raised their price target on shares of Zumiez from $14.00 to $19.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. B. Riley boosted their target price on shares of Zumiez from $16.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. Finally, StockNews.com raised Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, April 12th.

Zumiez Price Performance

The stock has a fifty day simple moving average of $18.31 and a 200-day simple moving average of $17.45. The company has a market capitalization of $379.66 million, a price-to-earnings ratio of -5.95 and a beta of 1.24.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, June 6th. The apparel and footwear maker reported ($0.86) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.14) by $0.28. The firm had revenue of $177.39 million during the quarter, compared to analysts’ expectations of $171.58 million. Zumiez had a negative net margin of 7.01% and a negative return on equity of 5.47%. As a group, equities analysts expect that Zumiez Inc. will post -0.03 EPS for the current fiscal year.

Insider Transactions at Zumiez

In other Zumiez news, insider Adam Christopher Ellis acquired 10,000 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was acquired at an average cost of $14.31 per share, for a total transaction of $143,100.00. Following the completion of the transaction, the insider now directly owns 57,917 shares of the company’s stock, valued at $828,792.27. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 20.30% of the company’s stock.

Institutional Trading of Zumiez

Institutional investors have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. increased its position in shares of Zumiez by 17.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 236,158 shares of the apparel and footwear maker’s stock worth $3,587,000 after purchasing an additional 34,638 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Zumiez in the 1st quarter valued at $198,000. Acadian Asset Management LLC boosted its stake in Zumiez by 24.7% during the 1st quarter. Acadian Asset Management LLC now owns 65,726 shares of the apparel and footwear maker’s stock worth $997,000 after purchasing an additional 13,031 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Zumiez by 2.3% during the first quarter. Vanguard Group Inc. now owns 901,774 shares of the apparel and footwear maker’s stock worth $13,698,000 after buying an additional 20,099 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Zumiez by 11.8% in the first quarter. First Eagle Investment Management LLC now owns 470,743 shares of the apparel and footwear maker’s stock valued at $7,151,000 after buying an additional 49,700 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Zumiez Company Profile

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.