Stock Mover of the Day: Could Zumiez Inc. See a Reversal After Breaking Its 52-Week High?

Stock Mover of the Day: Could Zumiez Inc. See a Reversal After Breaking Its 52 Week High?

The stock of Zumiez Inc. (NASDAQ:ZUMZ) hit a new 52-week high and has $29.53 target or 25.00% above today’s $23.62 share price. The 7 months bullish chart indicates low risk for the $587.95M company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $29.53 price target is reached, the company will be worth $146.99M 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 516,393 shares traded hands or 1.27% up from the average. Zumiez Inc. (NASDAQ:ZUMZ) has risen 10.73% since April 1, 2016 and is uptrending. It has outperformed by 9.52% the S&P500.

Zumiez Inc. (NASDAQ:ZUMZ) Ratings Coverage

Out of 19 analysts covering Zumiez Inc. (NASDAQ:ZUMZ), 5 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 26% are positive. Zumiez Inc. has been the topic of 47 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Wolfe Research on Monday, November 30. The stock of Zumiez Inc. (NASDAQ:ZUMZ) earned “Neutral” rating by Mizuho on Thursday, January 7. The firm earned “Hold” rating on Friday, June 3 by Jefferies. The stock of Zumiez Inc. (NASDAQ:ZUMZ) earned “Positive” rating by Susquehanna on Monday, August 17. Mizuho maintained Zumiez Inc. (NASDAQ:ZUMZ) on Thursday, August 6 with “Neutral” rating. The company was downgraded on Friday, October 9 by Stifel Nicolaus. The company was maintained on Thursday, October 6 by SunTrust. The stock has “Underperform” rating given by Wolf on Monday, September 14. Sterne Agee CRT maintained Zumiez Inc. (NASDAQ:ZUMZ) on Thursday, August 6 with “Hold” rating. The firm has “Neutral” rating given on Friday, December 4 by Mizuho.

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 Q2 2016. Its down 0.15, from 1.02 in 2016Q1. The ratio is negative, 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.
Bnp Paribas Arbitrage Sa has 0% invested in the company for 6,112 shares. Comerica Comml Bank last reported 18,832 shares in the company. Moreover, Credit Suisse Ag has 0% invested in Zumiez Inc. (NASDAQ:ZUMZ) for 20,706 shares. Ubs Asset Mgmt Americas accumulated 10,299 shares or 0% of the stock. Lombardia Partners Limited Company last reported 1.03% of its portfolio in the stock. Schwab Charles Inv holds 0% or 136,979 shares in its portfolio. Vanguard Gru has invested 0% of its portfolio in Zumiez Inc. (NASDAQ:ZUMZ). Rhumbline Advisers holds 27,052 shares or 0% of its portfolio. Gotham Asset Management Limited Liability Corp accumulated 0% or 20,371 shares. The Washington-based Tradewinds Cap Mgmt Ltd has invested 0% in Zumiez Inc. (NASDAQ:ZUMZ). Citadel Advsrs Lc holds 0% or 199,202 shares in its portfolio. Moreover, New York State Teachers Retirement Systems has 0% invested in Zumiez Inc. (NASDAQ:ZUMZ) for 43,297 shares. Great West Life Assurance Com Can reported 754 shares or 0% of all its holdings. Tower Research Capital Ltd Liability Com (Trc) last reported 875 shares in the company. Morgan Dempsey Capital Management Lc has 32,912 shares for 0.16% of their US portfolio.

Insider Transactions: Since September 13, 2016, the stock had 0 insider buys, and 1 sale for $18,639 net activity. Visser Chris K. had sold 1,090 shares worth $18,639.

More important 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 article titled: “Analyst Upgrades: Take-Two Interactive Software, Inc., Zumiez Inc., and …”, Reuters.com published: “BRIEF-Zumiez Inc reports October sales $55.9 million” on November 02, 2016. More interesting news about Zumiez Inc. (NASDAQ:ZUMZ) was released by: Nasdaq.com and their article: “Zumiez Growth on Track; Stock Up on Revival of Comps Trend” with publication date: November 03, 2016.

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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