Zumiez (NASDAQ:ZUMZ) Cut to “Sell” at Wall Street Zen

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

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

Zumiez Stock Performance

Shares of Zumiez stock opened at $18.03 on Friday. The business has a 50-day simple moving average of $18.59 and a 200-day simple moving average of $21.26. Zumiez has a one year low of $15.09 and a one year high of $31.70. The company has a market cap of $304.17 million, a PE ratio of 21.72 and a beta of 1.00.

Insider Transactions at Zumiez

In other news, Director Liliana Valletta sold 3,841 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $18.82, for a total transaction of $72,287.62. Following the completion of the transaction, the director directly owned 7,123 shares of the company’s stock, valued at approximately $134,054.86. This represents a 35.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 5,700 shares of company stock worth $107,164. 24.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Zumiez

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Caxton Associates LLP purchased a new stake in Zumiez during the first quarter worth approximately $176,000. Geode Capital Management LLC increased its stake in Zumiez by 1.8% in the second quarter. Geode Capital Management LLC now owns 382,561 shares of the apparel and footwear maker’s stock valued at $5,074,000 after purchasing an additional 6,682 shares during the last quarter. American Century Companies Inc. raised its holdings in Zumiez by 2.0% during the second quarter. American Century Companies Inc. now owns 40,044 shares of the apparel and footwear maker’s stock worth $531,000 after purchasing an additional 797 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Zumiez by 123.4% during the second quarter. Hsbc Holdings PLC now owns 42,418 shares of the apparel and footwear maker’s stock worth $547,000 after purchasing an additional 23,434 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Zumiez during the 2nd quarter worth approximately $71,000. Institutional investors and hedge funds 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.