Zumiez Inc. Same-Store Sales Rise 6.3% in January, Shares Rise by 0.1% (NASDAQ:ZUMZ)

Zumiez’s (NASDAQ:ZUMZ) same-store sales rose 6.3% during the month of January. Zumiez’s shares rose by 0.1% in the first day of trading following the news.

A number of research analysts have commented on the company. B. Riley set a $23.00 price target on Zumiez and gave the company a “buy” rating in a research report on Friday, December 1st. Jefferies Group set a $22.00 price target on Zumiez and gave the company a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research lowered Zumiez from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research report on Saturday, January 6th. William Blair reaffirmed a “buy” rating on shares of Zumiez in a research report on Thursday, January 4th. Finally, BidaskClub lowered Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $20.57.

In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $20.75, for a total transaction of $162,742.25. Following the transaction, the director now owns 9,908 shares in the company, valued at approximately $205,591. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.50% of the stock is currently owned by corporate insiders.

Zumiez (NASDAQ ZUMZ) traded up $0.10 during mid-day trading on Thursday, hitting $20.55. The company’s stock had a trading volume of 56,164 shares, compared to its average volume of 479,647. Zumiez has a 1 year low of $11.43 and a 1 year high of $24.44. The stock has a market cap of $518.88, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 0.80 and a beta of 1.29.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The firm had revenue of $245.80 million for the quarter, compared to the consensus estimate of $244.50 million. During the same quarter in the prior year, the business earned $0.43 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. research analysts predict that Zumiez will post 1.18 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its holdings in shares of Zumiez by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 91,853 shares of the apparel and footwear maker’s stock worth $1,135,000 after acquiring an additional 1,135 shares during the period. Disciplined Growth Investors Inc. MN grew its holdings in shares of Zumiez by 0.6% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 259,975 shares of the apparel and footwear maker’s stock worth $3,211,000 after acquiring an additional 1,475 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Zumiez by 2.8% during the 2nd quarter. New York State Common Retirement Fund now owns 65,252 shares of the apparel and footwear maker’s stock worth $806,000 after acquiring an additional 1,808 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Zumiez by 12.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the apparel and footwear maker’s stock worth $204,000 after acquiring an additional 1,829 shares during the period. Finally, Teachers Advisors LLC grew its holdings in shares of Zumiez by 24.0% during the 2nd quarter. Teachers Advisors LLC now owns 40,486 shares of the apparel and footwear maker’s stock worth $500,000 after acquiring an additional 7,844 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

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Zumiez Company Profile

Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.

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