Zumiez Inc. (ZUMZ) Trading 1.8% Higher
Zumiez Inc. (NASDAQ:ZUMZ) shares traded up 1.8% during mid-day trading on Friday . The stock traded as high as $15.79 and last traded at $15.57, with a volume of 163,541 shares. The stock had previously closed at $15.30.
Several research analysts have issued reports on the stock. Wedbush decreased their price target on shares of Zumiez from $17.00 to $16.00 in a research report on Friday, April 8th. Zacks Investment Research lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Wednesday, April 13th. Mizuho decreased their price target on shares of Zumiez from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, May 5th. B. Riley reiterated a “neutral” rating and set a $16.00 price objective on shares of Zumiez in a research report on Wednesday, June 8th. Finally, Jefferies Group reiterated a “hold” rating and set a $17.00 price objective (down from $20.00) on shares of Zumiez in a research report on Friday, June 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.06.
The stock has a market cap of $390.91 million and a PE ratio of 17.25. The firm has a 50 day moving average of $14.82 and a 200 day moving average of $17.09.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, June 2nd. The apparel and footwear maker reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.03. The company had revenue of $173 million for the quarter. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. Equities analysts predict that Zumiez Inc. will post $0.74 EPS for the current fiscal year.
Several hedge funds and institutional investors recently added to or reduced their stakes in ZUMZ. Matarin Capital Management LLC bought a new position in Zumiez during the fourth quarter worth about $5,866,000. Systematic Financial Management LP increased its position in Zumiez by 26.4% in the fourth quarter. Systematic Financial Management LP now owns 118,426 shares of the apparel and footwear maker’s stock valued at $1,790,000 after buying an additional 24,745 shares during the last quarter. Royce & Associates LLC increased its position in Zumiez by 34.9% in the fourth quarter. Royce & Associates LLC now owns 370,728 shares of the apparel and footwear maker’s stock valued at $5,605,000 after buying an additional 96,000 shares during the last quarter. Boston Partners acquired a new position in Zumiez during the fourth quarter valued at $1,313,000. Finally, New York State Common Retirement Fund increased its position in Zumiez by 19.2% in the fourth quarter. New York State Common Retirement Fund now owns 230,120 shares of the apparel and footwear maker’s stock valued at $3,479,000 after buying an additional 37,095 shares during the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.