Insider Selling: Chris K. Visser Sells 1,878 Shares of Zumiez Stock (ZUMZ)
Zumiez (NASDAQ:ZUMZ) EVP Chris K. Visser sold 1,878 shares of the company’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $29.50, for a total value of $55,401.00. Following the completion of the sale, the executive vice president now directly owns 6,990 shares in the company, valued at approximately $206,205. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Zumiez (NASDAQ:ZUMZ) traded down 1.22% during mid-day trading on Monday, hitting $29.13. 224,132 shares of the company’s stock traded hands. Zumiez has a one year low of $20.68 and a one year high of $31.54. The stock has a 50-day moving average of $26.64 and a 200-day moving average of $25.04. The company has a market cap of $846.0 million and a price-to-earnings ratio of 19.16.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, May 22nd. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.04. The company had revenue of $162.90 million for the quarter, compared to the consensus estimate of $159.21 million. During the same quarter last year, the company posted $0.13 earnings per share. Zumiez’s revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that Zumiez will post $1.59 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Zumiez in a research note on Thursday. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Zumiez in a research note on Friday, May 23rd. They now have a $32.00 price target on the stock, up previously from $31.00. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Zumiez in a research note on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $28.73.
Zumiez Inc (NASDAQ:ZUMZ) is a specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name.
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