Zumiez Inc. (ZUMZ) Shares Down 2.9%
Zumiez Inc. (NASDAQ:ZUMZ) shares fell 2.9% on Tuesday . The company traded as low as $15.99 and last traded at $16.02, with a volume of 206,136 shares trading hands. The stock had previously closed at $16.50.
A number of brokerages have recently weighed in on ZUMZ. Mizuho cut their price objective on Zumiez from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, May 5th. Jefferies Group reissued a “hold” rating and issued a $17.00 price objective (down from $20.00) on shares of Zumiez in a report on Friday, June 3rd. SunTrust Banks Inc. increased their price objective on Zumiez from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. B. Riley reissued a “neutral” rating and issued a $16.00 price objective on shares of Zumiez in a report on Wednesday, June 8th. Finally, Wedbush cut their price objective on Zumiez from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, June 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.53.
The company’s 50-day moving average price is $15.88 and its 200 day moving average price is $17.13. The stock has a market capitalization of $403.99 million and a price-to-earnings ratio of 17.82.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, June 2nd. The apparel and footwear maker reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.03. During the same quarter in the prior year, the business earned $0.12 EPS. The firm had revenue of $173 million for the quarter. The business’s quarterly revenue was down 2.6% on a year-over-year basis. Equities analysts expect that Zumiez Inc. will post $0.74 EPS for the current fiscal year.
Other hedge funds have recently bought and sold shares of the company. Matarin Capital Management LLC bought a new position in shares of Zumiez during the fourth quarter valued at about $5,866,000. Royce & Associates LLC raised its stake in shares of 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 in the last quarter. New York State Common Retirement Fund raised its stake in shares of 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 in the last quarter. Finally, Systematic Financial Management LP raised its stake in shares of 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 in the last quarter.
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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