The stock of Zumiez Inc. (NASDAQ:ZUMZ) hit a new 52-week high and has $30.99 target or 43.00% above today’s $21.67 share price. The 6 months bullish chart indicates low risk for the $622.76M company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $30.99 price target is reached, the company will be worth $267.79 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 995,325 shares traded hands or 84.01% up from the average. Zumiez Inc. (NASDAQ:ZUMZ) has risen 1.34% since March 4, 2016 and is uptrending. It has underperformed by 6.70% the S&P500.
Zumiez Inc. (NASDAQ:ZUMZ) Ratings Coverage
Out of 18 analysts covering Zumiez Inc. (NASDAQ:ZUMZ), 4 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 22% are positive. Zumiez Inc. has been the topic of 45 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Zumiez Inc. (NASDAQ:ZUMZ) earned “Buy” rating by Topeka Capital Markets on Friday, September 11. Mizuho maintained Zumiez Inc. (NASDAQ:ZUMZ) rating on Friday, December 4. Mizuho has “Neutral” rating and $13 price target. Sterne Agee CRT maintained Zumiez Inc. (NASDAQ:ZUMZ) on Friday, September 11 with “Fairly Valued” rating. The rating was maintained by Brean Capital on Saturday, August 8 with “Hold”. The firm has “Neutral” rating given on Friday, September 11 by Credit Suisse. The rating was maintained by B. Riley & Co on Friday, September 11 with “Neutral”. Brean Capital upgraded Zumiez Inc. (NASDAQ:ZUMZ) on Thursday, February 4 to “Buy” rating. The stock of Zumiez Inc. (NASDAQ:ZUMZ) has “Neutral” rating given on Friday, June 3 by Wedbush. The firm has “Neutral” rating given on Thursday, August 4 by SunTrust. As per Tuesday, December 1, the company rating was downgraded by William Blair.
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 2016 Q2. Its down 0.15, from 1.02 in 2016Q1. The ratio dropped, 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.
Alliancebernstein Lp has 0% invested in the company for 27,486 shares. Ameriprise Financial, a Minnesota-based fund reported 89,948 shares. Teachers Retirement Systems Of The State Of Kentucky owns 8,800 shares or 0% of their US portfolio. Credit Suisse Ag has invested 0% of its portfolio in Zumiez Inc. (NASDAQ:ZUMZ). New York State Teachers Retirement Sys holds 43,297 shares or 0% of its portfolio. Citigroup holds 0% of its portfolio in Zumiez Inc. (NASDAQ:ZUMZ) for 18,332 shares. Kbc Gru Nv has invested 0% of its portfolio in Zumiez Inc. (NASDAQ:ZUMZ). Cim Investment Mangement Inc has 0.07% invested in the company for 12,434 shares. Deutsche Comml Bank Ag holds 0% of its portfolio in Zumiez Inc. (NASDAQ:ZUMZ) for 67,498 shares. Wells Fargo Mn has invested 0% of its portfolio in Zumiez Inc. (NASDAQ:ZUMZ). Nordea Invest Management has invested 0% of its portfolio in Zumiez Inc. (NASDAQ:ZUMZ). Gru One Trading Lp, a Illinois-based fund reported 100 shares. Tradewinds Capital Limited holds 300 shares or 0% of its portfolio. Huntington Bancorp, a Ohio-based fund reported 36 shares. Stoneridge Inv Prtn Ltd Llc holds 0.19% of its portfolio in Zumiez Inc. (NASDAQ:ZUMZ) for 89,599 shares.
Insider Transactions: Since September 13, 2016, the stock had 0 insider purchases, and 1 insider sale for $18,639 net activity. On Tuesday, September 13 Visser Chris K. sold $18,639 worth of the stock or 1,090 shares.
More recent Zumiez Inc. (NASDAQ:ZUMZ) news were published by: Fool.com which released: “Why Zumiez Inc. Stock Popped Today” on October 06, 2016. Also Schaeffersresearch.com published the news titled: “Analyst Upgrades: Zumiez Inc., KLA-Tencor Corp, and Yum! Brands, Inc.” on October 06, 2016. Streetinsider.com‘s news article titled: “UPDATE: Zumiez, Inc. (ZUMZ) Tops Q2 EPS by 5c; Guides Q3 EPS Below Views” with publication date: September 08, 2016 was also an interesting one.
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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