The stock of Zumiez Inc. (NASDAQ:ZUMZ) is a huge mover today! About 1.04 million shares traded hands or 137.72% up from the average. Zumiez Inc. (NASDAQ:ZUMZ) has declined 11.53% since March 3, 2016 and is downtrending. It has underperformed by 19.87% the S&P500.
The move comes after 6 months positive chart setup for the $514.85M company. It was reported on Oct, 6 by Barchart.com. We have $32.68 PT which if reached, will make NASDAQ:ZUMZ worth $288.32M more.
Zumiez Inc. (NASDAQ:ZUMZ) Ratings Coverage
Out of 17 analysts covering Zumiez Inc. (NASDAQ:ZUMZ), 3 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 18% are positive. Zumiez Inc. has been the topic of 41 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Zumiez Inc. (NASDAQ:ZUMZ) has “Neutral” rating given on Friday, December 4 by Mizuho. Jefferies maintained it with “Hold” rating and $24 target price in Friday, September 11 report. As per Tuesday, January 5, the company rating was initiated by Guggenheim. The company was maintained on Saturday, August 8 by Brean Capital. The stock has “Neutral” rating given by Wedbush on Friday, June 3. The firm has “Hold” rating given on Thursday, August 13 by Zacks. On Thursday, August 6 the stock rating was maintained by Roth Capital with “Neutral”. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, September 17. The company was maintained on Friday, September 11 by Wedbush. William Blair downgraded the shares of ZUMZ in a report on Tuesday, December 1 to “Market Perform” rating.
According to Zacks Investment Research, “Zumiez, pronounced zoomies, is a leading specialty retailer of action sports related apparel, footwear, equipment and accessories. Their stores cater to young men and women between ages 12-24, focusing on skateboarding, surfing, snowboarding, motocross and BMX.”
Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.15, from 1.02 in 2016Q1. The ratio fall, as 17 funds sold all Zumiez Inc. shares owned while 38 reduced positions. 15 funds bought stakes while 33 increased positions. They now own 20.37 million shares or 2.02% less from 20.80 million shares in 2016Q1.
Nationwide Fund holds 15,628 shares or 0% of its portfolio. Adams Diversified Equity Fund Incorporated accumulated 22,700 shares or 0.02% of the stock. Price T Rowe Associates Md holds 0.01% of its portfolio in Zumiez Inc. (NASDAQ:ZUMZ) for 2.63 million shares. Swiss State Bank has 0% invested in the company for 37,200 shares. Ubs Asset Mngmt Americas reported 10,299 shares or 0% of all its holdings. New York State Teachers Retirement Systems reported 43,297 shares or 0% of all its holdings. Parametric Port Associates Ltd Com last reported 0% of its portfolio in the stock. Northern has invested 0% of its portfolio in Zumiez Inc. (NASDAQ:ZUMZ). Huntington Savings Bank has 0% invested in the company for 36 shares. The United Kingdom-based Barclays Public Limited Co has invested 0% in Zumiez Inc. (NASDAQ:ZUMZ). The Iowa-based Principal Finance Group Incorporated Inc has invested 0% in Zumiez Inc. (NASDAQ:ZUMZ). Voya Invest Limited Company last reported 0% of its portfolio in the stock. Metropolitan Life Communications Ny has 0% invested in the company for 15,652 shares. Blackrock Institutional Na reported 488,556 shares or 0% of all its holdings. Ameriprise Fin has invested 0% of its portfolio in Zumiez Inc. (NASDAQ:ZUMZ).
Insider Transactions: Since September 13, 2016, the stock had 0 buys, and 1 sale for $18,639 net activity. Shares for $18,639 were sold by Visser Chris K..
More notable recent Zumiez Inc. (NASDAQ:ZUMZ) news were published by: Streetinsider.com which released: “Zumiez, Inc. (ZUMZ) Comps Increased 6.3% in Sept.; Raises Q3 Guidance” on October 05, 2016, also Marketwatch.com with their article: “Zumiez shares rally on raised outlook from improved sales” published on October 05, 2016, Fool.com published: “Why Zumiez Inc. Stock Dropped 10% in May” on June 06, 2016. More interesting news about Zumiez Inc. (NASDAQ:ZUMZ) were released by: Fool.com and their article: “Why Zumiez, Inc. Stock Fell 16% in April” published on May 07, 2016 as well as Finance.Yahoo.com‘s news article titled: “Zumiez Inc. Reports June 2016 Sales Results” with publication date: July 06, 2016.
ZUMZ Company Profile
Zumiez Inc. (Zumiez), incorporated on April 6, 2005, is a specialty retailer of apparel, footwear, accessories and hardgoods for men and women. The Firm operates under the names Zumiez and Blue Tomato. Additionally, the Company operates e-commerce Websites at www.zumiez.com and www.blue-tomato.com. The Company’s product categories are men’s apparel, accessories, footwear, hardgoods and junior’s apparel. It offers various categories of shoes, such as skate shoes, casual shoes, high tops, sandals, slip ons, runners, boots and shoe accessories, such as socks. It also offers flannels, baseball tees, hoodies, baseball hats, windbreakers, shirts, jackets, jerseys, sweaters and tanks, among others. For women, it offers t-shirts, tank tops, hoodies and sweatshirts, cardigans, jackets, skirts, jeans, joggers, leggings and dresses, among others. The Firm provides various accessories, including watches, sunglasses, bracelets, earrings, rings, beanies, hats, belts, wallets, phone accessories, Bluetooth speakers, magazines, headphones, grooming, hair and beauty, purses, bags, backpacks, pillows, blankets, toys, gloves and scarves, among others.
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