Zumiez Inc. (ZUMZ) Trading 2.3% Higher
Zumiez Inc. (NASDAQ:ZUMZ) traded up 2.3% during mid-day trading on Monday . The company traded as high as $17.51 and last traded at $17.37, with a volume of 620,315 shares changing hands. The stock had previously closed at $16.98.
A number of equities research analysts have issued reports on the stock. B. Riley reissued a “neutral” rating and set a $16.00 target price on shares of Zumiez in a research note on Friday, June 3rd. Wedbush reissued a “hold” rating on shares of Zumiez in a research note on Saturday, June 4th. Mizuho decreased their target price on shares of Zumiez from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, May 5th. Credit Suisse Group AG reissued a “hold” rating and set a $12.00 target price on shares of Zumiez in a research note on Friday, June 3rd. Finally, Wolfe Research decreased their target price on shares of Zumiez from $14.00 to $11.00 and set an “underperform” rating for the company in a research note on Tuesday, May 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. Zumiez currently has a consensus rating of “Hold” and a consensus target price of $18.06.
The stock has a 50-day moving average of $15.41 and a 200-day moving average of $17.14. The company has a market cap of $426.38 million and a P/E ratio of 18.81.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, June 2nd. The apparel and footwear maker reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. During the same period last year, the company earned $0.12 earnings per share. The company had revenue of $173 million for the quarter. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. Analysts forecast that Zumiez Inc. will post $0.73 earnings per share for the current year.
Other hedge funds and institutional investors have added to or reduced their stakes in the company. Matarin Capital Management LLC acquired a new position in Zumiez during the fourth quarter worth $5,866,000. Royce & Associates LLC increased its position in Zumiez by 34.9% in the fourth quarter. Royce & Associates LLC now owns 370,728 shares of the apparel and footwear maker’s stock worth $5,605,000 after buying an additional 96,000 shares during the period. New York State Common Retirement Fund increased its position in Zumiez by 19.2% in the fourth quarter. New York State Common Retirement Fund now owns 230,120 shares of the apparel and footwear maker’s stock worth $3,479,000 after buying an additional 37,095 shares during the period. Systematic Financial Management LP increased its position in Zumiez by 26.4% in the fourth quarter. Systematic Financial Management LP now owns 118,426 shares of the apparel and footwear maker’s stock worth $1,790,000 after buying an additional 24,745 shares during the period. Finally, Boston Partners acquired a new position in Zumiez during the fourth quarter worth $1,313,000.
Zumiez Inc is a multi-channel specialty retailer of apparel, footwear, accessories and hardgoods. As of January 31, 2015, the Company operated 603 stores; 550 in the United States, 35 in Canada and 18 in Europe. The Company operates under the names Zumiez and Blue Tomato. Additionally, it operates e-commerce websites at www.zumiez.com and www.bluetomato.com.
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