Zumiez Inc. (ZUMZ) Trading Down 2.9%
Zumiez Inc. (NASDAQ:ZUMZ) shares fell 2.9% during trading 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 research firms have commented on ZUMZ. B. Riley restated a “neutral” rating and issued a $16.00 price objective on shares of Zumiez in a research note on Wednesday, June 8th. Wedbush restated a “hold” rating on shares of Zumiez in a research note on Saturday, June 4th. SunTrust Banks Inc. lifted their price objective on shares of Zumiez from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Robert W. Baird reaffirmed a “hold” rating on shares of Zumiez in a report on Monday, May 16th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $12.00 target price on shares of Zumiez in a report on Friday, June 3rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Zumiez has a consensus rating of “Hold” and an average price target of $17.53.
The stock has a 50-day moving average price of $16.00 and a 200 day moving average price of $17.11. The firm has a market capitalization of $407.26 million and a P/E ratio of 17.97.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, June 2nd. The apparel and footwear maker reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.03. The firm earned $173 million during the quarter. During the same quarter in the previous year, the business posted $0.12 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities analysts expect that Zumiez Inc. will post $0.74 EPS for the current year.
Other hedge funds have recently added to or reduced their stakes in the company. Systematic Financial Management LP boosted its stake 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. Royce & Associates LLC boosted its stake 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. Matarin Capital Management LLC purchased a new stake in Zumiez during the fourth quarter worth $5,866,000. Finally, New York State Common Retirement Fund boosted its stake 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.
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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