Zumiez Inc. (ZUMZ) Stock Price Down 2.3%
Zumiez Inc. (NASDAQ:ZUMZ) fell 2.3% during mid-day 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.
A number of brokerages recently issued reports on ZUMZ. Mizuho lowered their price objective on Zumiez from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, May 5th. Jefferies Group restated a “hold” rating and issued a $17.00 price objective (down from $20.00) on shares of Zumiez in a research note on Friday, June 3rd. SunTrust Banks Inc. boosted their price objective on Zumiez from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. B. Riley restated a “neutral” rating and issued a $16.00 price objective on shares of Zumiez in a research note on Wednesday, June 8th. Finally, Wedbush lowered their price objective on Zumiez from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, June 3rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.53.
The firm’s 50 day moving average price is $16.53 and its 200-day moving average price is $16.98. The company has a market capitalization of $402.98 million and a PE ratio of 17.78.
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. During the same period in the previous year, the business posted $0.12 EPS. The company earned $173 million during the quarter. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Zumiez Inc. will post $0.74 EPS for the current year.
An institutional investor recently raised its position 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 disclosure with the Securities and Exchange Commission (SEC). The fund 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 0.37% of Zumiez worth $1,497,000 as of its most recent SEC filing.
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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