Quiksilver Director Joseph F. Berardino Purchases 10,000 Shares (ZQK)
Quiksilver (NYSE:ZQK) Director Joseph F. Berardino bought 10,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average price of $3.65 per share, for a total transaction of $36,500.00. Following the completion of the purchase, the director now directly owns 90,000 shares in the company, valued at approximately $328,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Quiksilver (NYSE:ZQK) opened at 3.90 on Tuesday. Quiksilver has a 1-year low of $3.13 and a 1-year high of $9.29. The stock has a 50-day moving average of $5.92 and a 200-day moving average of $7.31. The company’s market cap is $664.9 million.
Quiksilver (NYSE:ZQK) last announced its earnings results on Monday, June 2nd. The company reported ($0.15) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.13. The company had revenue of $408.00 million for the quarter, compared to the consensus estimate of $448.60 million. During the same quarter last year, the company posted ($0.12) earnings per share. Quiksilver’s revenue was down 10.5% compared to the same quarter last year. On average, analysts predict that Quiksilver will post $-0.14 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ZQK shares. Analysts at Roth Capital cut their price target on shares of Quiksilver to $4.00 in a research note on Monday. Separately, analysts at DA Davidson cut their price target on shares of Quiksilver from $10.00 to $5.00 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. Finally, analysts at Stifel downgraded shares of Quiksilver from a “buy” rating to a “hold” rating in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Quiksilver currently has an average rating of “Hold” and an average price target of $6.92.
Quiksilver, Inc is a diversified company that designs, develops and distributes branded apparel, footwear, accessories and related products, catering to the casual, youth lifestyle associated with the sports of surfing, skateboarding and snowboarding.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.