Zumiez (NASDAQ:ZUMZ) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Zumiez to “Sell” from “Hold”, while Weiss Ratings also maintained a sell rating; MarketBeat reports a consensus “Reduce” rating.
• Zumiez reported quarterly revenue of $193.35 million, up 4.9% year over year and above estimates, but its $0.82 per-share loss slightly exceeded the expected $0.81 loss.
• The stock opened at $18.03, with a $304.17 million market capitalization and a 52-week range of $15.09 to $31.70; insiders sold 6,000 shares over the past three months.

Zumiez (NASDAQ:ZUMZ - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered Zumiez from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce".

Zumiez Trading Up 1.9%

NASDAQ ZUMZ opened at $18.03 on Friday. The stock has a market cap of $304.17 million, a P/E ratio of 21.72 and a beta of 1.00. The company's fifty day simple moving average is $18.58 and its 200-day simple moving average is $21.35. Zumiez has a 52 week low of $15.09 and a 52 week high of $31.70.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its earnings results on Thursday, June 4th. The apparel and footwear maker reported ($0.82) earnings per share for the quarter, missing the consensus estimate of ($0.81) by ($0.01). Zumiez had a net margin of 1.54% and a return on equity of 4.24%. The business had revenue of $193.35 million for the quarter, compared to analyst estimates of $191.02 million. During the same quarter in the prior year, the business earned ($0.66) earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. On average, research analysts expect that Zumiez will post 0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Liliana Valletta sold 3,841 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $18.82, for a total value of $72,287.62. Following the completion of the sale, the director directly owned 7,123 shares of the company's stock, valued at $134,054.86. The trade was a 35.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 6,000 shares of company stock valued at $112,987 over the last three months. 24.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in shares of Zumiez by 355.5% in the 2nd quarter. California State Teachers Retirement System now owns 3,257 shares of the apparel and footwear maker's stock valued at $58,000 after acquiring an additional 2,542 shares during the last quarter. Empowered Funds LLC acquired a new position in Zumiez in the second quarter worth $4,835,000. Public Employees Retirement System of Ohio acquired a new position in Zumiez in the second quarter worth $474,000. Hsbc Holdings PLC bought a new stake in Zumiez during the second quarter valued at $355,000. Finally, Legal & General Group Plc bought a new stake in Zumiez during the second quarter valued at $25,000. 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.

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