Zumiez Inc. (ZUMZ) Receives Average Recommendation of “Hold” from Brokerages
Shares of Zumiez Inc. (NASDAQ:ZUMZ) have been assigned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the company. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $17.79.
A number of brokerages have commented on ZUMZ. 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, October 6th. SunTrust Banks Inc. increased their price target on shares of Zumiez from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Stifel Nicolaus reiterated a “hold” rating and set a $18.00 price target (up from $17.00) on shares of Zumiez in a research report on Thursday, October 6th. William Blair upgraded shares of Zumiez from a “market perform” rating to an “outperform” rating in a report on Thursday, October 6th. Finally, Wedbush raised their target price on shares of Zumiez from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, October 6th.
Shares of Zumiez (NASDAQ:ZUMZ) traded down 1.20% during mid-day trading on Tuesday, reaching $22.28. 466,782 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $17.62 and a 200 day moving average of $16.50. The firm has a market capitalization of $553.21 million, a P/E ratio of 29.05 and a beta of 1.56. Zumiez has a one year low of $11.53 and a one year high of $23.07.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) 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 analysts’ expectations of $177.35 million. During the same period last year, the business earned $0.12 earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts forecast that Zumiez will post $0.72 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in Zumiez by 21.6% in the second quarter. FMR LLC now owns 2,620,069 shares of the apparel and footwear maker’s stock valued at $37,493,000 after buying an additional 465,011 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Zumiez by 31.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,480,468 shares of the apparel and footwear maker’s stock valued at $21,185,000 after buying an additional 352,967 shares in the last quarter. Lombardia Capital Partners LLC raised its position in Zumiez by 21.3% in the second quarter. Lombardia Capital Partners LLC now owns 1,093,013 shares of the apparel and footwear maker’s stock valued at $15,641,000 after buying an additional 192,039 shares in the last quarter. Citadel Advisors LLC bought a new position in Zumiez during the second quarter valued at about $2,851,000. Finally, Massachusetts Financial Services Co. MA raised its position in Zumiez by 7.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 197,549 shares of the apparel and footwear maker’s stock valued at $2,827,000 after buying an additional 14,078 shares in the last quarter. 84.11% of the stock is owned by institutional investors and hedge funds.
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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