Zumiez Inc. (ZUMZ) Sees Large Volume Increase
Zumiez Inc. (NASDAQ:ZUMZ) shares saw unusually-high trading volume on Thursday . Approximately 384,000 shares traded hands during mid-day trading, a decline of 25% from the previous session’s volume of 511,795 shares.The stock last traded at $15.12 and had previously closed at $14.54.
ZUMZ has been the subject of a number of recent research reports. Zacks Investment Research lowered Zumiez from a “buy” rating to a “hold” rating in a research note on Wednesday, March 9th. Brean Capital reiterated a “buy” rating and issued a $24.00 target price on shares of Zumiez in a research note on Saturday, March 12th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $13.00 target price (down previously from $17.00) on shares of Zumiez in a research note on Saturday, March 12th. Wedbush lowered their target price on Zumiez from $17.00 to $16.00 in a research note on Friday, April 8th. Finally, Mizuho increased their target price on Zumiez from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, March 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.06.
The firm has a market cap of $379.09 million and a PE ratio of 16.73. The firm’s 50 day moving average is $14.69 and its 200 day moving average is $17.11.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, June 2nd. The apparel and footwear maker reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. During the same period in the previous year, the company earned $0.12 earnings per share. The business had revenue of $173 million for the quarter. The business’s revenue was down 2.6% compared to the same quarter last year. On average, analysts expect that Zumiez Inc. will post $0.74 earnings per share for the current fiscal year.
Several institutional investors have bought and sold shares of ZUMZ. Systematic Financial Management LP boosted its position in Zumiez by 26.4% in the fourth quarter. Systematic Financial Management LP now owns 118,426 shares of the apparel and footwear maker’s stock valued at $1,790,000 after buying an additional 24,745 shares in the last quarter. Royce & Associates LLC raised its position in shares of Zumiez by 34.9% in the fourth quarter. Royce & Associates LLC now owns 370,728 shares of the apparel and footwear maker’s stock valued at $5,605,000 after buying an additional 96,000 shares in the last quarter. Matarin Capital Management LLC purchased a new position in shares of Zumiez during the fourth quarter valued at about $5,866,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Zumiez during the fourth quarter valued at about $1,778,000. Finally, Alambic Investment Management L.P. purchased a new position in shares of Zumiez during the fourth quarter valued at about $1,326,000.
Zumiez Inc is a multi-channel specialty retailer of apparel, footwear, accessories and hardgoods. As of January 31, 2015, the Company operated 603 stores; 550 in the United States, 35 in Canada and 18 in Europe. The Company operates under the names Zumiez and Blue Tomato. Additionally, it operates e-commerce websites at www.zumiez.com and www.bluetomato.com.
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