Pivotal Research Keeps a Hold Rating on Zumiez (ZUMZ)

In a report released today, Mitch Kummetz from Pivotal Research reiterated a Hold rating on Zumiez (ZUMZResearch Report), with a price target of $42.00. The company’s shares closed last Thursday at $38.37, close to its 52-week high of $38.39.

According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 13.2% and a 65.6% success rate. Kummetz covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Deckers Outdoor.

Zumiez has an analyst consensus of Moderate Buy, with a price target consensus of $39.67.

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Based on Zumiez’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $250 million and net profit of $25.39 million. In comparison, last year the company earned revenue of $228 million and had a net profit of $9.03 million.

Based on the recent corporate insider activity of 36 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.

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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.