Zumiez Inc. (ZUMZ) Upgraded at Piper Jaffray Cos.
Piper Jaffray Cos. upgraded shares of Zumiez Inc. (NASDAQ:ZUMZ) from a neutral rating to an overweight rating in a report issued on Thursday. The brokerage currently has $28.00 target price on the apparel and footwear maker’s stock.
ZUMZ has been the subject of several other research reports. BMO Capital Markets reaffirmed a market perform rating and issued a $16.00 target price on shares of Zumiez in a research report on Saturday, September 10th. Mizuho increased their price objective on Zumiez from $16.00 to $19.00 and gave the stock a neutral rating in a report on Thursday, October 6th. Robert W. Baird increased their price objective on Zumiez from $18.00 to $19.00 and gave the stock a neutral rating in a report on Friday, September 9th. William Blair upgraded Zumiez from a market perform rating to an outperform rating in a report on Thursday, October 6th. Finally, Stifel Nicolaus reiterated a hold rating and set a $17.00 price objective (up from $16.00) on shares of Zumiez in a report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Zumiez currently has an average rating of Hold and a consensus price target of $19.14.
Zumiez (NASDAQ:ZUMZ) opened at 22.00 on Thursday. The company has a 50-day moving average price of $18.40 and a 200-day moving average price of $16.62. Zumiez has a one year low of $11.53 and a one year high of $23.07. The stock has a market cap of $546.26 million, a P/E ratio of 28.68 and a beta of 1.56.
Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The business earned $178.30 million during the quarter, compared to analysts’ expectations of $177.35 million. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. Zumiez’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 earnings per share. On average, analysts anticipate that Zumiez will post $0.72 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new stake in Zumiez during the second quarter worth $115,000. Jefferies Group LLC bought a new stake in Zumiez during the second quarter worth $153,000. Quantitative Systematic Strategies LLC bought a new stake in Zumiez during the second quarter worth $168,000. KCG Holdings Inc. bought a new stake in Zumiez during the second quarter worth $269,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Zumiez during the first quarter worth $385,000. 84.11% of the stock is currently 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.
Receive News & Ratings for Zumiez Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez Inc. and related companies with MarketBeat.com's FREE daily email newsletter.