Zumiez Inc. (NASDAQ:ZUMZ) shares fell 3.2% on Tuesday . The company traded as low as $16.36 and last traded at $16.59, with a volume of 237,514 shares. The stock had previously closed at $17.13.

A number of brokerages recently weighed in on ZUMZ. B. Riley reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Zumiez in a report on Wednesday, June 8th. Wedbush reaffirmed a “hold” rating on shares of Zumiez in a report on Saturday, June 4th. SunTrust Banks Inc. upped their price objective on Zumiez from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Zacks Investment Research lowered Zumiez from a “hold” rating to a “sell” rating in a report on Wednesday, April 13th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Zumiez in a report on Monday, May 16th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. Zumiez presently has a consensus rating of “Hold” and an average target price of $17.53.

The firm has a 50-day moving average of $15.76 and a 200-day moving average of $17.15. The firm has a market cap of $408.37 million and a PE ratio of 18.018.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, June 2nd. The apparel and footwear maker reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. The business had revenue of $173 million for the quarter. During the same quarter in the previous year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts predict that Zumiez Inc. will post $0.74 EPS for the current fiscal year.

Several hedge funds and institutional investors have made changes to their positions in ZUMZ. New York State Common Retirement Fund boosted its position in shares of 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 in the last quarter. Royce & Associates LLC boosted its position in shares of Zumiez by 34.9% in the fourth quarter. Royce & Associates LLC now owns 370,728 shares of the apparel and footwear maker’s stock worth $5,605,000 after buying an additional 96,000 shares during the period. Systematic Financial Management LP boosted its position in shares of 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 worth $1,790,000 after buying an additional 24,745 shares during the period. Finally, Matarin Capital Management LLC purchased a new position in shares of Zumiez during the fourth quarter worth about $5,866,000.

Zumiez Inc is a specialty retailer of apparel, footwear, accessories and hardgoods for men and women. The Company operates under the names Zumiez and Blue Tomato. Additionally, the Company operates e-commerce Websites at www.zumiez.com and www.blue-tomato.com. Its product categories are men’s apparel, accessories, footwear, hardgoods and junior’s apparel.

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