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Zumiez (NASDAQ:ZUMZ) Raised to Buy at Wall Street Zen

Zumiez logo with Retail/Wholesale background

Key Points

  • Zumiez has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating increased confidence in the stock's potential performance.
  • The company reported a narrower loss than expected in its latest earnings, with a revenue of $214.28 million for the quarter, exceeding analyst estimates.
  • Insider selling was noted, as two executives sold shares in September, reducing their ownership in the company significantly.
  • Five stocks we like better than Zumiez.

Zumiez (NASDAQ:ZUMZ - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

A number of other research analysts have also issued reports on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of Zumiez in a report on Wednesday. Zacks Research upgraded shares of Zumiez from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 2nd. Finally, B. Riley upped their target price on shares of Zumiez from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.00.

Get Our Latest Analysis on ZUMZ

Zumiez Stock Down 4.5%

Zumiez stock opened at $19.16 on Friday. Zumiez has a 52 week low of $11.31 and a 52 week high of $24.37. The firm's 50-day simple moving average is $18.24 and its 200 day simple moving average is $14.86. The firm has a market capitalization of $328.59 million, a PE ratio of -1,914.09 and a beta of 1.04.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last released its earnings results on Thursday, September 4th. The apparel and footwear maker reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.05. The company had revenue of $214.28 million for the quarter, compared to analyst estimates of $210.53 million. Zumiez had a net margin of 0.06% and a return on equity of 0.19%. The firm's quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS. Zumiez has set its Q3 2025 guidance at 0.190-0.290 EPS. On average, research analysts expect that Zumiez will post -0.12 EPS for the current fiscal year.

Insider Activity

In other news, insider Chris K. Visser sold 5,618 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $20.09, for a total transaction of $112,865.62. Following the transaction, the insider directly owned 44,303 shares in the company, valued at $890,047.27. This represents a 11.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Liliana Gil Valletta sold 3,655 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $21.30, for a total transaction of $77,851.50. Following the transaction, the director owned 7,154 shares in the company, valued at approximately $152,380.20. The trade was a 33.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.20% of the company's stock.

Institutional Trading of Zumiez

A number of institutional investors and hedge funds have recently bought and sold shares of ZUMZ. GAMMA Investing LLC increased its position in Zumiez by 6,451.4% during the 1st quarter. GAMMA Investing LLC now owns 2,293 shares of the apparel and footwear maker's stock worth $34,000 after purchasing an additional 2,258 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Zumiez during the 2nd quarter worth approximately $71,000. CWM LLC increased its position in Zumiez by 422.9% during the 2nd quarter. CWM LLC now owns 6,751 shares of the apparel and footwear maker's stock worth $90,000 after purchasing an additional 5,460 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Zumiez during the 1st quarter worth approximately $173,000. Finally, Caxton Associates LLP acquired a new stake in Zumiez in the first quarter valued at approximately $176,000. Institutional investors and hedge funds own 95.45% of the company's stock.

Zumiez Company Profile

(Get Free Report)

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides 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.

See Also

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