Zumiez (ZUMZ) Gets a Hold Rating from Pivotal Research

By Carrie Williams

Pivotal Research analyst Mitch Kummetz reiterated a Hold rating on Zumiez (ZUMZResearch Report) today and set a price target of $32.00. The company’s shares closed last Monday at $30.58.

According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 7.0% and a 61.9% success rate. Kummetz covers the Services sector, focusing on stocks such as Shoe Carnival, Foot Locker, and Boot Barn.

Currently, the analyst consensus on Zumiez is a Moderate Buy with an average price target of $33.25.

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Zumiez’s market cap is currently $787.9M and has a P/E ratio of 14.50. The company has a Price to Book ratio of 1.95.

Based on the recent corporate insider activity of 35 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.