Zumiez Inc. (ZUMZ) PT Raised to $18.00 at Wedbush
Zumiez Inc. (NASDAQ:ZUMZ) had its target price increased by Wedbush from $15.00 to $18.00 in a research note issued to investors on Thursday. The brokerage currently has a “neutral” rating on the apparel and footwear maker’s stock. Wedbush’s price target would suggest a potential downside of 17.92% from the company’s current price.
A number of other research analysts have also issued reports on the stock. William Blair upgraded shares of Zumiez from a “market perform” rating to an “outperform” rating in a research note on Thursday. Mizuho raised their target price on shares of Zumiez from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday. B. Riley upgraded shares of Zumiez from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price target (up from $16.00) on shares of Zumiez in a research report on Tuesday, September 13th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $16.00 price target on shares of Zumiez in a research report on Saturday, September 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.13.
Zumiez (NASDAQ:ZUMZ) opened at 21.93 on Thursday. The firm has a 50-day moving average of $17.45 and a 200 day moving average of $16.51. The company has a market cap of $544.52 million, a PE ratio of 28.59 and a beta of 1.56. Zumiez has a 52-week low of $11.53 and a 52-week high of $22.54.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The business had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.35 million. During the same period last year, the business posted $0.12 EPS. Zumiez’s revenue was down .8% compared to the same quarter last year. Equities research analysts expect that Zumiez will post $0.72 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB increased its position in shares of Zumiez by 440.8% in the second quarter. Nordea Investment Management AB now owns 45,191 shares of the apparel and footwear maker’s stock worth $647,000 after buying an additional 36,834 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of Zumiez during the second quarter worth $168,000. Stoneridge Investment Partners LLC increased its position in shares of Zumiez by 10.0% in the second quarter. Stoneridge Investment Partners LLC now owns 89,599 shares of the apparel and footwear maker’s stock worth $1,282,000 after buying an additional 8,158 shares in the last quarter. Adams Diversified Equity Fund Inc. bought a new position in shares of Zumiez during the second quarter worth $325,000. Finally, Arizona State Retirement System bought a new position in shares of Zumiez during the first quarter worth $204,000. 84.11% of the stock is owned by institutional investors.
Zumiez Company Profile
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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