Zumiez’s (ZUMZ) Hold Rating Reaffirmed at Jefferies Group
A number of other analysts have also issued reports on ZUMZ. B. Riley reissued a buy rating and issued a $18.00 target price on shares of Zumiez in a research report on Wednesday, September 13th. BMO Capital Markets set a $20.00 target price on Zumiez and gave the company a hold rating in a research report on Friday. Robert W. Baird reissued a neutral rating and issued a $17.00 target price on shares of Zumiez in a research report on Tuesday, October 3rd. BidaskClub raised Zumiez from a sell rating to a hold rating in a research report on Friday, August 25th. Finally, Zacks Investment Research raised Zumiez from a hold rating to a buy rating and set a $18.00 target price on the stock in a research report on Tuesday, September 12th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Zumiez has a consensus rating of Hold and an average price target of $20.00.
Zumiez (NASDAQ:ZUMZ) traded down $1.85 on Friday, reaching $19.95. The company had a trading volume of 2,652,900 shares, compared to its average volume of 514,296. Zumiez has a 12-month low of $11.43 and a 12-month high of $26.55. The firm has a market capitalization of $503.78, a PE ratio of 19.56, a PEG ratio of 1.03 and a beta of 1.39.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The firm had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $244.50 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. equities research analysts expect that Zumiez will post 1.08 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Eagle Global Advisors LLC purchased a new stake in shares of Zumiez during the second quarter worth $124,000. Thrivent Financial For Lutherans purchased a new stake in shares of Zumiez during the second quarter worth $130,000. Russell Investments Group Ltd. purchased a new stake in shares of Zumiez during the third quarter worth $199,000. Voya Investment Management LLC purchased a new stake in shares of Zumiez during the second quarter worth $142,000. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Zumiez during the third quarter worth $212,000. 74.76% of the stock is currently owned by institutional investors and hedge funds.
Zumiez Company Profile
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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