Zumiez (ZUMZ) has risen sharply, recording gains of 3.02% in the past 4 weeks. However, the stock has corrected -7.83% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.97% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.56% and the 50-Day Moving Average is 2.98%. Zumiez (NASDAQ:ZUMZ): On Fridays trading session , Opening price of the stock was $16.15 with an intraday high of $16.31. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.94. However, the stock managed to close at $16.01, a loss of 0.74% for the day. On the previous day, the stock had closed at $16.13. The total traded volume of the day was 585,548 shares.
The company Insiders own 30.4% of Zumiez shares according to the proxy statements. Institutional Investors own 82.88% of Zumiez shares. Also, Equity analysts at the Brokerage firm SunTrust Robinson Humphrey maintains its rating on Zumiez (NASDAQ:ZUMZ). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at SunTrust Robinson Humphrey raises the price target from $15 per share to $17 per share. The rating by the firm was issued on August 4, 2016.
Zumiez Inc. is a multi-channel specialty retailer of apparel, footwear, accessories and hardgoods. As of January 31, 2015, the Company operated 603 stores; 550 in the United States, 35 in Canada and 18 in Europe. The Company operates under the names Zumiez and Blue Tomato. Additionally, it operates e-commerce websites at www.zumiez.com and www.bluetomato.com. In apparel the Company offers t-shirts; baseball tees; hoodies and sweatshirts; tank tops; shorts; board shorts; joggers; shirts; jackets; jeans and pants; sweaters, and snow outerwear. The Company offers accessories, including hats, socks, watches, sunglasses, jewelry, backpacks, beanies, belts, wallets, underwear and bags. In addition it also offers cameras and tech; headphones; home; travel gear; hacky sacks; shoe laces; digital video discs (DVDs), scarves and gloves.