Zumiez (NASDAQ:ZUMZ) Reaches New 52-Week High at $26.15

Zumiez Inc. (NASDAQ:ZUMZ) reached a new 52-week high on Tuesday . The company traded as high as $26.15 and last traded at $26.12, with a volume of 236176 shares traded. The stock had previously closed at $25.35.

Wall Street Analyst Weigh In

Several analysts have issued reports on ZUMZ shares. B. Riley upped their target price on Zumiez from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Jefferies Financial Group raised their price objective 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 3.0 %

The firm has a 50-day moving average of $21.08 and a two-hundred day moving average of $18.23. The company has a market capitalization of $529.56 million, a PE ratio of -8.05 and a beta of 1.23.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, June 6th. The apparel and footwear maker reported ($0.86) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.14) by $0.28. The business 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%. On average, equities research analysts expect that Zumiez Inc. will post -0.05 EPS for the current year.

Institutional Trading of Zumiez

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of Zumiez by 83.2% in the second quarter. Signaturefd LLC now owns 1,480 shares of the apparel and footwear maker’s stock valued at $29,000 after buying an additional 672 shares in the last quarter. CWM LLC lifted its position in shares of Zumiez by 2,090.1% during the second quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker’s stock worth $39,000 after purchasing an additional 1,902 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Zumiez by 51.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,251 shares of the apparel and footwear maker’s stock valued at $66,000 after purchasing an additional 1,108 shares during the period. Quantbot Technologies LP acquired a new position in shares of Zumiez in the first quarter valued at approximately $196,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Zumiez in the first quarter valued at $198,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

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.