Zumiez Coverage Initiated by Analysts at Ascendiant Capital Markets. (ZUMZ)
Equities research analysts at Ascendiant Capital Markets initiated coverage on shares of Zumiez (NASDAQ: ZUMZ) in a research note issued to investors on Thursday. The firm set a “buy” rating on the stock.
ZUMZ has been the subject of a number of other recent research reports. Analysts at Wedbush raised their price target on shares of Zumiez from $23.00 to $24.00 in a research note to investors on Friday, March 15th. They now have a “neutral” rating on the stock. Separately, analysts at Bank of America reiterated an “underperform” rating on shares of Zumiez in a research note to investors on Friday, March 15th. They now have a $21.00 price target on the stock, up previously from $19.00.
One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $27.71.
Zumiez (NASDAQ: ZUMZ) opened at 23.79 on Thursday. Zumiez has a 1-year low of $17.93 and a 1-year high of $41.96. The stock’s 50-day moving average is currently $22.91. The company has a market cap of $716.4 million and a P/E ratio of 17.62.
Zumiez (NASDAQ: ZUMZ) last released its earnings data on Thursday, March 14th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.02. The company had revenue of $224.40 million for the quarter, compared to the consensus estimate of $223.37 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. Zumiez has set its Q1 guidance at $0.04-0.07 EPS. On average, analysts predict that Zumiez will post $1.64 earnings per share for the current fiscal year.
Zumiez Inc. (NASDAQ: ZUMZ) is a specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name.
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