Zumiez (NASDAQ:ZUMZ) Upgraded by Zacks Research to Strong-Buy Rating

Key Points

• Zumiez has been upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating, indicating increased confidence in the stock's performance.
• Despite the upgrade, Weiss Ratings maintains a "sell" rating, highlighting mixed opinions among analysts about Zumiez's stock.
• The company reported earnings that surpassed estimates, with a quarterly revenue increase of 1.9% year-over-year, signaling potential growth despite challenges.

Zumiez (NASDAQ:ZUMZ - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.

Several other research analysts have also recently issued reports on ZUMZ. Weiss Ratings reiterated a "sell (d+)" rating on shares of Zumiez in a research report on Saturday, September 27th. B. Riley increased their price objective on Zumiez from $14.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $18.00.

Zumiez Price Performance

Zumiez stock opened at $20.02 on Thursday. Zumiez has a 12 month low of $11.31 and a 12 month high of $24.37. The business has a 50 day simple moving average of $17.65 and a 200-day simple moving average of $14.69. The stock has a market capitalization of $343.34 million, a PE ratio of -2,000.00 and a beta of 1.04.

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

Insider Transactions at Zumiez

In other Zumiez news, insider Chris K. Visser sold 5,618 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $20.09, for a total value of $112,865.62. Following the sale, the insider directly owned 44,303 shares of the company's stock, valued at approximately $890,047.27. This trade represents a 11.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Liliana Gil Valletta sold 3,655 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $21.30, for a total value of $77,851.50. Following the completion of the sale, the director directly 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. 21.20% of the stock is currently owned by company insiders.

Institutional Trading of Zumiez

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Zumiez by 6,451.4% in the 1st quarter. GAMMA Investing LLC now owns 2,293 shares of the apparel and footwear maker's stock worth $34,000 after buying an additional 2,258 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Zumiez in the 2nd quarter worth about $71,000. CWM LLC raised its holdings in shares of Zumiez by 422.9% in 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 during the period. Magnetar Financial LLC purchased a new position in shares of Zumiez in the 1st quarter worth about $173,000. Finally, Caxton Associates LLP purchased a new position in shares of Zumiez in the 1st quarter worth about $176,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Zumiez Company Profile

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.

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