Insider Selling: Zumiez Inc. (NASDAQ:ZUMZ) CEO Sells 180,000 Shares of Stock

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Zumiez Inc. (NASDAQ:ZUMZ) CEO Richard Miles Brooks sold 180,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $30.07, for a total transaction of $5,412,600.00. Following the transaction, the chief executive officer now directly owns 2,893,024 shares of the company’s stock, valued at approximately $86,993,231.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Richard Miles Brooks also recently made the following trade(s):

  • On Monday, September 9th, Richard Miles Brooks sold 124,144 shares of Zumiez stock. The shares were sold at an average price of $33.07, for a total transaction of $4,105,442.08.

Zumiez stock traded down $0.54 during trading hours on Tuesday, hitting $32.50. The stock had a trading volume of 678,907 shares, compared to its average volume of 437,426. The stock’s 50-day moving average price is $24.88 and its 200-day moving average price is $24.54. The stock has a market capitalization of $790.50 million, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.05 and a beta of 1.54. Zumiez Inc. has a 12-month low of $17.57 and a 12-month high of $33.47. The company has a quick ratio of 1.23, a current ratio of 2.06 and a debt-to-equity ratio of 0.73.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.17. The firm had revenue of $228.40 million for the quarter, compared to analysts’ expectations of $223.65 million. Zumiez had a net margin of 5.35% and a return on equity of 13.59%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. On average, research analysts expect that Zumiez Inc. will post 2.17 EPS for the current fiscal year.

ZUMZ has been the topic of several recent research reports. BidaskClub upgraded Zumiez from a “hold” rating to a “buy” rating in a research note on Saturday, August 31st. Pivotal Research lifted their price objective on Zumiez from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, September 3rd. B. Riley lifted their price objective on Zumiez from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Friday. DA Davidson boosted their target price on Zumiez to $28.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Robert W. Baird set a $33.00 target price on Zumiez and gave the stock a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $27.00.

A number of hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd purchased a new stake in Zumiez during the 2nd quarter valued at $69,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Zumiez in the 2nd quarter worth $71,000. BNP Paribas Arbitrage SA raised its stake in shares of Zumiez by 853.5% in the first quarter. BNP Paribas Arbitrage SA now owns 4,310 shares of the apparel and footwear maker’s stock worth $107,000 after purchasing an additional 3,858 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Zumiez by 501.6% in the second quarter. Cubist Systematic Strategies LLC now owns 9,625 shares of the apparel and footwear maker’s stock worth $251,000 after purchasing an additional 8,025 shares during the last quarter. Finally, CIBC World Markets Inc. purchased a new position in shares of Zumiez in the first quarter worth $260,000. 83.58% of the stock is currently owned by institutional investors and hedge funds.

Zumiez Company Profile

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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