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 traded.

Analyst Upgrades and Downgrades

Separately, B. Riley boosted their price target 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 Trading Down 2.2 %

The company has a fifty day moving average price of $24.32 and a two-hundred day moving average price of $20.88.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.29. Zumiez had a negative net margin of 6.02% and a negative return on equity of 3.52%. The firm had revenue of $210.18 million for the quarter, compared to analyst estimates of $201.93 million. During the same quarter in the previous year, the firm posted ($0.44) earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. On average, analysts forecast that Zumiez Inc. will post 0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Liliana Gil Valletta sold 3,283 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $21.85, for a total transaction of $71,733.55. Following the completion of the transaction, the director now directly owns 15,002 shares of the company’s stock, valued at $327,793.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 the business. Acadian Asset Management LLC increased its stake in Zumiez by 225.2% in the 2nd quarter. Acadian Asset Management LLC now owns 213,722 shares of the apparel and footwear maker’s stock valued at $4,161,000 after buying an additional 147,996 shares during the last quarter. AQR Capital Management LLC increased 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 valued at $2,885,000 after acquiring an additional 107,073 shares during the last quarter. Marshall Wace LLP raised its holdings in Zumiez by 641.2% during the second quarter. Marshall Wace LLP now owns 120,814 shares of the apparel and footwear maker’s stock worth $2,353,000 after acquiring an additional 104,514 shares in the last quarter. Bank of Montreal Can acquired a new position in Zumiez during the second quarter valued at approximately $1,979,000. Finally, First Eagle Investment Management LLC grew its stake in Zumiez by 11.8% in the first quarter. First Eagle Investment Management LLC now owns 470,743 shares of the apparel and footwear maker’s stock valued at $7,151,000 after purchasing an additional 49,700 shares in the last quarter. 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.