B.Riley FBR Reiterates Their Buy Rating on Zumiez (ZUMZ)

By Carrie Williams

B.Riley FBR analyst Jeff Van Sinderen reiterated a Buy rating on Zumiez (ZUMZResearch Report) today and set a price target of $38.00. The company’s shares closed last Monday at $33.04, close to its 52-week high of $35.68.

According to TipRanks.com, Sinderen is a 2-star analyst with an average return of 0.0% and a 48.7% success rate. Sinderen covers the Consumer Goods sector, focusing on stocks such as Universal Electronics, Celsius Holdings, and Chromadex.

Currently, the analyst consensus on Zumiez is a Moderate Buy with an average price target of $36.20.

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Based on Zumiez’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $19.18 million. In comparison, last year the company had a net profit of $13.82 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZUMZ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Zumiez, Inc. engages in retailing apparel, footwear and accessories for young men and women. It also offers hardgoods including skateboards, snowboards, bindings, components, and other equipment. It operates under the Zumiez, Blue Tomato, and Fast Times brands. The company was founded by Thomas D. Campion on July 3, 1978 and is headquartered in Lynnwood, WA.