Zumiez Inc. (ZUMZ) Given Consensus Recommendation of “Hold” by Analysts
Zumiez Inc. (NASDAQ:ZUMZ) has received an average rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $25.50.
A number of research analysts have recently weighed in on the company. Pivotal Research set a $30.00 price objective on Zumiez and gave the company a “buy” rating in a research report on Thursday, November 8th. BidaskClub raised Zumiez from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 27th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. B. Riley set a $34.00 target price on Zumiez and gave the company a “buy” rating in a research note on Thursday, October 11th. Finally, Jefferies Financial Group assumed coverage on Zumiez in a research note on Thursday, October 25th. They set a “buy” rating and a $28.00 target price on the stock.
A number of institutional investors and hedge funds have recently modified their holdings of ZUMZ. Matarin Capital Management LLC bought a new stake in Zumiez in the 3rd quarter worth approximately $14,910,000. Wells Fargo & Company MN increased its stake in Zumiez by 932.7% in the 2nd quarter. Wells Fargo & Company MN now owns 308,904 shares of the apparel and footwear maker’s stock worth $7,738,000 after acquiring an additional 278,991 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Zumiez by 185.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 397,856 shares of the apparel and footwear maker’s stock worth $10,484,000 after acquiring an additional 258,363 shares during the last quarter. Renaissance Technologies LLC increased its stake in Zumiez by 53.3% in the 3rd quarter. Renaissance Technologies LLC now owns 714,400 shares of the apparel and footwear maker’s stock worth $18,824,000 after acquiring an additional 248,500 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Zumiez by 100.2% in the 3rd quarter. AQR Capital Management LLC now owns 471,511 shares of the apparel and footwear maker’s stock worth $12,425,000 after acquiring an additional 236,007 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, December 6th. The apparel and footwear maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.06. The business had revenue of $248.80 million for the quarter, compared to analysts’ expectations of $248.70 million. Zumiez had a return on equity of 10.06% and a net margin of 3.62%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. As a group, equities analysts forecast that Zumiez will post 1.67 earnings per share for the current year.
Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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