StockNews.com Lowers Zumiez (NASDAQ:ZUMZ) to Sell

Zumiez (NASDAQ:ZUMZ - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Thursday.

Separately, B. Riley cut their price objective on Zumiez from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, March 20th.

Zumiez Stock Down 1.2 %

NASDAQ:ZUMZ traded down $0.17 on Thursday, hitting $14.16. The stock had a trading volume of 166,192 shares, compared to its average volume of 194,137. The company has a fifty day moving average price of $16.44 and a two-hundred day moving average price of $17.44. Zumiez has a 1-year low of $12.90 and a 1-year high of $21.49. The stock has a market cap of $280.79 million, a price-to-earnings ratio of -4.36 and a beta of 1.46.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The apparel and footwear maker reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.14. The firm had revenue of $281.82 million for the quarter, compared to analysts' expectations of $275.98 million. Zumiez had a negative return on equity of 5.70% and a negative net margin of 7.15%. As a group, analysts anticipate that Zumiez will post -0.11 earnings per share for the current year.

Institutional Trading of Zumiez

Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in shares of Zumiez by 4.1% in the second quarter. Envestnet Asset Management Inc. now owns 13,475 shares of the apparel and footwear maker's stock valued at $350,000 after buying an additional 528 shares in the last quarter. Legal & General Group Plc increased its stake in Zumiez by 1.6% during the fourth quarter. Legal & General Group Plc now owns 37,923 shares of the apparel and footwear maker's stock worth $824,000 after purchasing an additional 590 shares during the period. Hsbc Holdings PLC lifted its position in shares of Zumiez by 3.6% during the fourth quarter. Hsbc Holdings PLC now owns 17,608 shares of the apparel and footwear maker's stock worth $357,000 after purchasing an additional 615 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Zumiez by 19.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,100 shares of the apparel and footwear maker's stock valued at $73,000 after purchasing an additional 658 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Zumiez by 4.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,838 shares of the apparel and footwear maker's stock valued at $643,000 after purchasing an additional 672 shares during the period. Institutional investors and hedge funds own 95.45% of the company's stock.

Zumiez Company Profile

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company also offers hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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