Zumiez (NASDAQ:ZUMZ) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Zumiez Inc. (NASDAQ:ZUMZ) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analyst Ratings Changes

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

Zumiez Trading Down 2.2 %

The firm has a 50-day simple moving average of $24.32 and a two-hundred day simple moving average of $20.88.

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

Insider Activity at Zumiez

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $21.85, for a total transaction of $71,733.55. Following the transaction, the director now owns 15,002 shares in the company, valued at $327,793.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 20.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zumiez

Large investors have recently bought and sold shares of the company. Acadian Asset Management LLC raised its position in shares of 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 in the last quarter. AQR Capital Management LLC boosted its position in shares of Zumiez by 261.0% during the 2nd quarter. AQR Capital Management LLC now owns 148,095 shares of the apparel and footwear maker’s stock worth $2,885,000 after acquiring an additional 107,073 shares in the last quarter. Marshall Wace LLP increased its stake in Zumiez by 641.2% in the second quarter. Marshall Wace LLP now owns 120,814 shares of the apparel and footwear maker’s stock valued at $2,353,000 after acquiring an additional 104,514 shares during 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 lifted its stake 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 purchasing an additional 49,700 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

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.