Zumiez (NASDAQ:ZUMZ) Shares Cross Above 200 Day Moving Average - Time to Sell?

Zumiez Inc. (NASDAQ:ZUMZ - Get Free Report)'s share price 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.

Analysts Set New Price Targets

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

Zumiez Stock Performance

The firm's fifty day simple moving average is $24.32 and its 200 day simple moving average is $20.83. The stock has a market capitalization of $453.12 million, a P/E ratio of -7.10 and a beta of 1.23.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last issued its 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. The firm 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%. The company's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.44) earnings per share. Analysts anticipate that Zumiez Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Zumiez

In related 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 is available through the SEC website. Company insiders own 20.30% of the company's stock.

Institutional Investors Weigh In On Zumiez

Several large investors have recently modified their holdings of the company. Signaturefd LLC raised its position in shares of Zumiez by 83.2% in the 2nd quarter. Signaturefd LLC now owns 1,480 shares of the apparel and footwear maker's stock worth $29,000 after acquiring an additional 672 shares in the last quarter. CWM LLC lifted its stake in Zumiez by 2,090.1% in the second quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker's stock valued at $39,000 after buying an additional 1,902 shares during the period. ProShare Advisors LLC bought a new position in shares of Zumiez during the 2nd quarter worth approximately $42,000. Ariadne Wealth Management LP acquired a new stake in shares of Zumiez during the 2nd quarter worth approximately $54,000. Finally, Quantbot Technologies LP bought a new stake in shares of Zumiez in the 1st quarter valued at $196,000. 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.