Zumiez (NASDAQ:ZUMZ) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Zumiez Inc. (NASDAQ:ZUMZ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.83 and traded as high as $23.13. Zumiez shares last traded at $22.35, with a volume of 168,230 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their price objective on shares of Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, September 6th.

Zumiez Stock Down 2.2 %

The company has a market cap of $453.12 million, a price-to-earnings ratio of -7.10 and a beta of 1.23. The company’s fifty day moving average price is $24.32 and its two-hundred day moving average price is $20.83.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.29. The company had revenue of $210.18 million during the quarter, compared to analysts’ expectations of $201.93 million. Zumiez had a negative net margin of 6.02% and a negative return on equity of 3.52%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.44) earnings per share. On average, equities research analysts predict that Zumiez Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Liliana Gil Valletta sold 3,283 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $21.85, for a total value of $71,733.55. Following the sale, the director now owns 15,002 shares of the company’s stock, valued at $327,793.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 20.30% of the company’s stock.

Institutional Trading of Zumiez

A number of institutional investors have recently made changes to their positions in ZUMZ. Acadian Asset Management LLC lifted its position in shares of Zumiez by 225.2% in the second quarter. Acadian Asset Management LLC now owns 213,722 shares of the apparel and footwear maker’s stock worth $4,161,000 after purchasing an additional 147,996 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Zumiez by 261.0% in the second quarter. AQR Capital Management LLC now owns 148,095 shares of the apparel and footwear maker’s stock worth $2,885,000 after purchasing an additional 107,073 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Zumiez by 641.2% in the second quarter. Marshall Wace LLP now owns 120,814 shares of the apparel and footwear maker’s stock worth $2,353,000 after purchasing an additional 104,514 shares in the last quarter. Bank of Montreal Can bought a new stake in Zumiez during the second quarter worth $1,979,000. Finally, First Eagle Investment Management LLC raised its position in Zumiez by 11.8% during the first quarter. First Eagle Investment Management LLC now owns 470,743 shares of the apparel and footwear maker’s stock worth $7,151,000 after acquiring an additional 49,700 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

About Zumiez

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.