Zumiez (ZUMZ) is Initiated by Guggenheim to Neutral

Zumiez (ZUMZ) is Initiated by Guggenheim to Neutral , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Zumiez, Inc. has dropped 0.72% during the last 3-month period . Year-to-Date the stock performance stands at -60.86%.

Zumiez Inc. (NASDAQ:ZUMZ) has dropped 3.26% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 3.28% in the last 4 weeks. The shares have underperformed the S&P 500 by 2.46% during the past week but Zumiez Inc. (NASDAQ:ZUMZ) has outperformed the index in 4 weeks by 5.69%.

Shares of Zumiez Inc. (NASDAQ:ZUMZ) ended Thursday session in red amid volatile trading. The shares closed down 0.41 points or 2.64% at $15.12 with 272,101 shares getting traded. Post opening the session at $15.31, the shares hit an intraday low of $15.12 and an intraday high of $15.59 and the price vacillated in this range throughout the day. The company has a market cap of $403 million and the number of outstanding shares have been calculated to be 26,685,436 shares. The 52-week high of Zumiez Inc. (NASDAQ:ZUMZ) is $41.81 and the 52-week low is $11.5315.

Currently the company Insiders own 25.6% of Zumiez Inc. shares according to the proxy statements. Institutional Investors own 83.64% of Zumiez Inc. shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (EVP of Ecommerce & Omnichannel) of Zumiez Inc, Brown Troy R. sold 31,592 shares at $34.07 on April 22, 2015. The Insider selling transaction had a total value worth of $1,076,339. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Zumiez Inc. (Zumiez) is a specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name. As of January 28, 2012, the Company operated 434 stores in the United States and 10 stores in Canada. In addition, the Company operates a Website that sells merchandise online. At January 28, 2012, its stores averaged approximately 2,900 square feet. Its apparel offerings include tops, bottoms, outerwear and accessories, such as caps, bags and backpacks, belts, jewelry and sunglasses. Zumiezs footwear offerings primarily consist of action sports related athletic shoes and sandals. Its equipment offerings, or hardgoods, include skateboards, snowboards and ancillary gear, such as boots and bindings. The Company also offers a selection of other items, such as miscellaneous novelties.