Brokerages Set Zumiez Inc. (ZUMZ) Price Target at $19.80
Shares of Zumiez Inc. (NASDAQ:ZUMZ) have received a consensus rating of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $18.89.
Several equities research analysts have weighed in on the company. B. Riley reissued a “buy” rating and set a $21.00 price objective (up from $18.00) on shares of Zumiez in a research note on Thursday, October 5th. BMO Capital Markets set a $16.00 target price on Zumiez and gave the company a “hold” rating in a research report on Tuesday, August 8th. Robert W. Baird reiterated a “neutral” rating and issued a $17.00 price target on shares of Zumiez in a report on Tuesday, October 3rd. BidaskClub upgraded Zumiez from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC set a $15.00 price target on Zumiez and gave the company a “hold” rating in a report on Thursday, October 5th.
Hedge funds have recently bought and sold shares of the company. Invictus RG purchased a new stake in shares of Zumiez during the 1st quarter worth about $163,000. Eagle Global Advisors LLC purchased a new stake in shares of Zumiez during the 2nd quarter worth 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 worth $185,000 after acquiring an additional 441 shares in the last quarter. Thrivent Financial For Lutherans purchased a new stake in shares of Zumiez during the 2nd quarter worth about $130,000. Finally, Voya Investment Management LLC purchased a new stake in shares of Zumiez during the 2nd quarter worth about $142,000. 80.97% of the stock is currently owned by institutional investors and hedge funds.
Zumiez (NASDAQ:ZUMZ) traded down 1.72% during trading on Thursday, hitting $17.15. The stock had a trading volume of 617,639 shares. The firm has a market cap of $432.69 million, a P/E ratio of 17.88 and a beta of 1.38. The company has a 50-day moving average of $16.30 and a 200 day moving average of $14.80. Zumiez has a 52-week low of $11.43 and a 52-week high of $26.55.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The company had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $192.12 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts predict 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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