Zumiez Inc. (ZUMZ) Shares Down 2.3%
Zumiez Inc. (NASDAQ:ZUMZ)’s share price was down 2.3% during trading on Tuesday . The company traded as low as $16.79 and last traded at $17.05, with a volume of 197,368 shares changing hands. The stock had previously closed at $17.45.
Several equities research analysts recently commented on ZUMZ shares. Mizuho cut their price target on Zumiez from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, May 5th. Robert W. Baird reaffirmed a “hold” rating on shares of Zumiez in a report on Monday, May 16th. Wolfe Research cut their price target on Zumiez from $14.00 to $11.00 and set an “underperform” rating for the company in a report on Tuesday, May 31st. B. Riley reaffirmed a “neutral” rating and issued a $16.00 price target on shares of Zumiez in a report on Friday, June 3rd. Finally, Wedbush cut their price target on Zumiez from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, June 3rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Zumiez presently has an average rating of “Hold” and an average price target of $17.53.
The stock’s 50-day moving average price is $16.50 and its 200-day moving average price is $16.98. The company has a market capitalization of $419.59 million and a PE ratio of 18.51.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, June 2nd. The apparel and footwear maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The company earned $173 million during the quarter. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities research analysts anticipate that Zumiez Inc. will post $0.74 EPS for the current year.
A hedge fund recently raised its stake in Zumiez stock. Schwab Charles Investment Management Inc. increased its position in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,975 shares of the apparel and footwear maker’s stock after buying an additional 7,918 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.37% of Zumiez worth $1,497,000 at the end of the most recent quarter.
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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