Somewhat Positive Press Coverage Somewhat Unlikely to Impact Zumiez (ZUMZ) Share Price
Media coverage about Zumiez (NASDAQ:ZUMZ) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Zumiez earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media coverage about the apparel and footwear maker an impact score of 47.0028749161687 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Zumiez Inc. (ZUMZ) Expected to Post Quarterly Sales of $237.47 Million (americanbankingnews.com)
- Why Zumiez Inc. (ZUMZ) Could Be Positioned for a Surge (finance.yahoo.com)
- Dillard's (DDS) Surges Despite Industry Woes: Time to Hold? (finance.yahoo.com)
- Tiffany's Strategic Initiatives on Track: Stock Up 15% YTD (finance.yahoo.com)
- Is Zumiez Inc. (ZUMZ) a Great Stock for Value Investors? (finance.yahoo.com)
A number of research analysts recently issued reports on ZUMZ shares. Zacks Investment Research lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. ValuEngine lowered shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC set a $15.00 price target on shares of Zumiez and gave the stock a “hold” rating in a research report on Saturday, June 3rd. BMO Capital Markets restated a “market perform” rating and issued a $16.00 price target (down from $19.00) on shares of Zumiez in a research report on Monday, June 5th. Finally, BidaskClub upgraded shares of Zumiez from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.50.
Shares of Zumiez (NASDAQ:ZUMZ) remained flat at $16.45 during mid-day trading on Friday. 356,082 shares of the stock traded hands. The stock has a market capitalization of $415.03 million, a price-to-earnings ratio of 17.15 and a beta of 1.27. Zumiez has a one year low of $11.43 and a one year high of $26.55. The firm’s 50 day moving average price is $13.46 and its 200 day moving average price is $14.86.
Zumiez (NASDAQ:ZUMZ) last released its quarterly 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 negative net margin of 0.32% and a negative return on equity of 0.79%. The business had revenue of $192.20 million for the quarter, compared to the consensus estimate of $192.12 million. During the same period in the prior year, the company posted ($0.03) earnings per share. Zumiez’s revenue was up 7.8% compared to the same quarter last year. Equities analysts forecast that Zumiez will post $1.05 earnings per share for the current fiscal year.
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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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