B. Riley set a $26.00 price objective on Zumiez (NASDAQ:ZUMZ) in a research note issued to investors on Wednesday. The brokerage currently has a buy rating on the apparel and footwear maker’s stock.

ZUMZ has been the subject of several other reports. BidaskClub cut Zumiez from a buy rating to a hold rating in a research note on Friday, February 2nd. Zacks Investment Research cut Zumiez from a buy rating to a hold rating and set a $22.00 target price for the company. in a research note on Saturday, January 6th. Jefferies Group restated a hold rating and set a $21.00 target price on shares of Zumiez in a research note on Sunday, December 3rd. BMO Capital Markets set a $20.00 target price on Zumiez and gave the stock a hold rating in a research note on Friday, December 1st. Finally, William Blair restated a buy rating on shares of Zumiez in a research note on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Zumiez presently has an average rating of Hold and a consensus price target of $20.57.

Shares of Zumiez (NASDAQ:ZUMZ) opened at $19.35 on Wednesday. The stock has a market capitalization of $516.36, a PE ratio of 18.97, a P/E/G ratio of 0.79 and a beta of 1.29. Zumiez has a 12-month low of $11.43 and a 12-month high of $24.44.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $245.80 million for the quarter, compared to the consensus estimate of $244.50 million. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. Zumiez’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. equities research analysts predict that Zumiez will post 1.18 earnings per share for the current fiscal year.

In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $20.75, for a total transaction of $162,742.25. Following the completion of the sale, the director now directly owns 9,908 shares in the company, valued at $205,591. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.50% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZUMZ. BlackRock Inc. lifted its stake in Zumiez by 11.5% during the fourth quarter. BlackRock Inc. now owns 2,619,976 shares of the apparel and footwear maker’s stock worth $54,562,000 after purchasing an additional 269,913 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Zumiez during the third quarter worth $3,193,000. Prudential Financial Inc. increased its holdings in shares of Zumiez by 79.0% during the third quarter. Prudential Financial Inc. now owns 317,190 shares of the apparel and footwear maker’s stock worth $5,741,000 after buying an additional 139,969 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Zumiez by 238.8% during the fourth quarter. Acadian Asset Management LLC now owns 193,686 shares of the apparel and footwear maker’s stock worth $4,033,000 after buying an additional 136,513 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Zumiez by 7.4% during the second quarter. Vanguard Group Inc. now owns 1,776,196 shares of the apparel and footwear maker’s stock worth $21,936,000 after buying an additional 123,142 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

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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.

Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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