Zumiez Inc. (ZUMZ) Given a $16.00 Price Target by BMO Capital Markets Analysts
BMO Capital Markets set a $16.00 price target on Zumiez Inc. (NASDAQ:ZUMZ) in a research report released on Sunday. The brokerage currently has a hold rating on the apparel and footwear maker’s stock.
Several other research firms have also commented on ZUMZ. Jefferies Group LLC reaffirmed a hold rating and set a $19.00 target price on shares of Zumiez in a report on Monday, May 15th. ValuEngine lowered shares of Zumiez from a buy rating to a hold rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Zumiez from a hold rating to a sell rating in a report on Friday, June 2nd. B. Riley raised shares of Zumiez from a neutral rating to a buy rating and increased their target price for the company from $17.00 to $18.00 in a report on Friday, September 8th. Finally, Robert W. Baird reaffirmed a hold rating and set a $17.00 target price on shares of Zumiez in a report on Friday, September 8th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $19.50.
Zumiez (ZUMZ) opened at 16.65 on Friday. The firm has a market cap of $420.08 million, a price-to-earnings ratio of 17.36 and a beta of 1.27. The company has a 50-day moving average of $12.86 and a 200 day moving average of $14.99. Zumiez has a 12-month low of $11.43 and a 12-month high of $26.55.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Zumiez had a net margin of 2.78% and a return on equity of 7.83%. The company had revenue of $192.20 million for the quarter, compared to analyst estimates of $192.12 million. During the same quarter last year, the firm earned ($0.03) EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities analysts expect that Zumiez will post $1.05 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in ZUMZ. Invictus RG bought a new stake in shares of Zumiez during the 1st quarter valued at about $163,000. Eagle Global Advisors LLC bought a new stake in shares of Zumiez during the 2nd quarter valued at about $124,000. BNP Paribas Arbitrage SA boosted its stake in shares of Zumiez by 4.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,082 shares of the apparel and footwear maker’s stock valued at $185,000 after purchasing an additional 441 shares in the last quarter. Thrivent Financial For Lutherans bought a new stake in shares of Zumiez during the 2nd quarter valued at about $130,000. Finally, Voya Investment Management LLC bought a new stake in shares of Zumiez during the 2nd quarter valued at about $142,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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