Zumiez (NASDAQ:ZUMZ) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded Zumiez from “sell” to “strong sell.” Weiss Ratings, however, upgraded the stock to “hold,” and the analyst consensus remains “Hold.”
• Zumiez missed quarterly earnings and revenue estimates: EPS was a loss of $0.17 versus expectations of a $0.14 loss, while revenue fell 2.5% year over year to $208.96 million.
• An insider bought 10,000 shares at an average price of $13.40, increasing his holdings by 13.58%.

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

Separately, Weiss Ratings upgraded Zumiez from a "sell (d)" rating to a "hold (c-)" rating in a report on Friday, September 11th. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Zumiez Stock Down 3.5%

Zumiez stock opened at $14.04 on Friday. The stock has a market cap of $215.23 million, a P/E ratio of 19.50 and a beta of 1.04. The company's 50 day moving average price is $14.75 and its two-hundred day moving average price is $20.11. Zumiez has a 52 week low of $13.07 and a 52 week high of $31.70.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last released its earnings results on Thursday, September 10th. The apparel and footwear maker reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.03). Zumiez had a return on equity of 3.71% and a net margin of 1.36%. The business had revenue of $208.96 million during the quarter, compared to analysts' expectations of $212.11 million. During the same quarter in the previous year, the business earned ($0.06) EPS. The business's revenue for the quarter was down 2.5% on a year-over-year basis. Zumiez has set its Q3 2026 guidance at 0.000-0.100 EPS. On average, equities analysts anticipate that Zumiez will post 0.46 EPS for the current year.

Insiders Place Their Bets

In other Zumiez news, insider Adam Ellis bought 10,000 shares of the stock in a transaction on Friday, September 18th. The shares were purchased at an average cost of $13.40 per share, with a total value of $134,000.00. Following the completion of the transaction, the insider directly owned 83,664 shares of the company's stock, valued at $1,121,097.60. This represents a 13.58% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 24.30% of the company's stock.

Hedge Funds Weigh In On Zumiez

Several large investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP increased its stake in shares of Zumiez by 4.8% during the first quarter. Quantinno Capital Management LP now owns 15,139 shares of the apparel and footwear maker's stock valued at $335,000 after buying an additional 690 shares during the period. New York State Teachers Retirement System purchased a new position in shares of Zumiez during the first quarter worth $27,000. Legal & General Group Plc acquired a new stake in shares of Zumiez in the second quarter valued at approximately $25,000. Quantbot Technologies LP purchased a new position in Zumiez during the 2nd quarter valued at about $31,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Zumiez during the second quarter valued at approximately $34,000. Institutional investors own 95.45% of the company's stock.

Zumiez Company Profile

Zumiez, Inc is a specialty retailer focused on apparel, footwear, accessories and equipment associated with action sports and youth-oriented lifestyle culture. Its merchandise assortment includes clothing, shoes, skateboards, snowboards, technical outerwear and related accessories, along with products from established and emerging brands.

The company sells products through a network of retail stores and e-commerce websites. Zumiez primarily serves customers in the United States and Canada, while its international operations include Europe through Blue Tomato, an action-sports retailer acquired by Zumiez in 2012.

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