Zumiez (NASDAQ:ZUMZ) Stock Passes Above 200-Day Moving Average of $17.48

Zumiez Inc. (NASDAQ:ZUMZ) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.48 and traded as high as $19.43. Zumiez shares last traded at $19.04, with a volume of 568,086 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ZUMZ. B. Riley upped their price target on shares of Zumiez from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, June 7th. StockNews.com raised Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Jefferies Financial Group boosted their target price on shares of Zumiez from $14.00 to $19.00 and gave the stock a “hold” rating in a research report on Friday, June 7th.

Zumiez Stock Up 1.4 %

The firm has a fifty day simple moving average of $17.74 and a 200 day simple moving average of $17.46.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, June 6th. The apparel and footwear maker reported ($0.86) EPS for the quarter, topping the consensus estimate of ($1.14) by $0.28. The firm had revenue of $177.39 million during the quarter, compared to analysts’ expectations of $171.58 million. Zumiez had a negative return on equity of 5.47% and a negative net margin of 7.01%. Equities research analysts expect that Zumiez Inc. will post -0.03 earnings per share for the current year.

Insider Buying and Selling at Zumiez

In related news, insider Adam Christopher Ellis purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were acquired at an average price of $14.31 per share, with a total value of $143,100.00. Following the purchase, the insider now directly owns 57,917 shares in the company, valued at $828,792.27. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 20.30% of the company’s stock.

Institutional Trading of Zumiez

Several large investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. grew its holdings in Zumiez by 17.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 236,158 shares of the apparel and footwear maker’s stock worth $3,587,000 after acquiring an additional 34,638 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Zumiez during the first quarter valued at approximately $198,000. Acadian Asset Management LLC increased its holdings in shares of Zumiez by 24.7% in the first quarter. Acadian Asset Management LLC now owns 65,726 shares of the apparel and footwear maker’s stock valued at $997,000 after purchasing an additional 13,031 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Zumiez by 2.3% in the first quarter. Vanguard Group Inc. now owns 901,774 shares of the apparel and footwear maker’s stock valued at $13,698,000 after purchasing an additional 20,099 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in Zumiez by 11.8% during the 1st quarter. First Eagle Investment Management LLC now owns 470,743 shares of the apparel and footwear maker’s stock worth $7,151,000 after buying an additional 49,700 shares in the last quarter. 95.45% of the stock is owned by institutional investors.

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.