Zumiez’s (NASDAQ:ZUMZ) same-store sales increased by 2.7% in the month of June. Zumiez’s stock climbed by 0% in the first day of trading following the report.

A number of brokerages have commented on ZUMZ. ValuEngine lowered Zumiez from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. B. Riley raised their price objective on Zumiez from $27.50 to $30.00 and gave the stock a “buy” rating in a research report on Friday, June 8th. Wedbush began coverage on Zumiez in a research report on Thursday, May 10th. They set a “neutral” rating and a $24.00 price objective for the company. They noted that the move was a valuation call. BidaskClub lowered Zumiez from a “buy” rating to a “hold” rating in a research report on Monday, April 23rd. Finally, Robert W. Baird restated a “hold” rating and set a $28.00 price objective on shares of Zumiez in a research report on Thursday, April 12th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.83.

In other news, CEO Richard Miles Brooks sold 3,957 shares of the firm’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $27.00, for a total transaction of $106,839.00. Following the completion of the sale, the chief executive officer now directly owns 3,709,067 shares of the company’s stock, valued at approximately $100,144,809. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.70% of the stock is owned by company insiders.

Shares of ZUMZ traded down $0.35 during midday trading on Wednesday, reaching $23.60. 356,982 shares of the stock were exchanged, compared to its average volume of 450,714. Zumiez has a 12-month low of $11.43 and a 12-month high of $31.55. The company has a market capitalization of $612.55 million, a PE ratio of 21.43, a price-to-earnings-growth ratio of 0.83 and a beta of 1.01.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, June 7th. The apparel and footwear maker reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. Zumiez had a return on equity of 8.64% and a net margin of 3.01%. The company had revenue of $206.29 million during the quarter, compared to the consensus estimate of $199.34 million. During the same period last year, the business earned ($0.18) EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis. equities analysts forecast that Zumiez will post 1.61 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. Tyvor Capital LLC bought a new position in shares of Zumiez in the 1st quarter valued at approximately $778,000. Rhumbline Advisers raised its stake in shares of Zumiez by 17.0% in the 4th quarter. Rhumbline Advisers now owns 42,791 shares of the apparel and footwear maker’s stock valued at $891,000 after acquiring an additional 6,233 shares in the last quarter. BlackRock Inc. raised its stake in shares of Zumiez by 11.5% in the 4th quarter. BlackRock Inc. now owns 2,619,976 shares of the apparel and footwear maker’s stock valued at $54,562,000 after acquiring an additional 269,913 shares in the last quarter. Hancock Holding Co. bought a new position in shares of Zumiez in the 1st quarter valued at approximately $290,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Zumiez by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 217,891 shares of the apparel and footwear maker’s stock valued at $4,539,000 after acquiring an additional 10,145 shares in the last quarter. 74.46% of the stock is currently owned by institutional investors and hedge funds.

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 February 3, 2018, the company operated 698 stores, including 607 stores in the United States, 50 stores in Canada, 34 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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