ValuEngine upgraded shares of Zumiez (NASDAQ:ZUMZ) from a sell rating to a hold rating in a research report report published on Thursday.

A number of other equities analysts have also issued reports on the company. Pivotal Research restated a buy rating and issued a $28.00 target price on shares of Zumiez in a research note on Thursday. BidaskClub raised Zumiez from a strong sell rating to a sell rating in a research report on Thursday, December 27th. Zacks Investment Research downgraded Zumiez from a hold rating to a sell rating in a research report on Wednesday, December 26th. B. Riley set a $28.00 price target on Zumiez and gave the stock a buy rating in a research report on Sunday, December 9th. Finally, DA Davidson reaffirmed a neutral rating and set a $20.00 price target on shares of Zumiez in a research report on Friday, December 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $25.43.

ZUMZ stock traded down $0.72 during midday trading on Thursday, reaching $22.17. The stock had a trading volume of 32,543 shares, compared to its average volume of 410,386. The firm has a market capitalization of $543.04 million, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 1.02 and a beta of 1.11. Zumiez has a 52-week low of $17.57 and a 52-week high of $32.70.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, December 6th. The apparel and footwear maker reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.06. The company had revenue of $248.80 million during the quarter, compared to analyst estimates of $248.70 million. Zumiez had a return on equity of 10.06% and a net margin of 3.62%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. Equities analysts predict that Zumiez will post 1.67 earnings per share for the current year.

Several large investors have recently bought and sold shares of ZUMZ. Pacer Advisors Inc. grew its position in shares of Zumiez by 246.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,637 shares of the apparel and footwear maker’s stock valued at $122,000 after acquiring an additional 3,297 shares during the period. American Century Companies Inc. acquired a new stake in Zumiez in the 2nd quarter worth about $203,000. GSA Capital Partners LLP acquired a new stake in Zumiez in the 3rd quarter worth about $213,000. Rafferty Asset Management LLC acquired a new stake in Zumiez in the 3rd quarter worth about $257,000. Finally, Hartford Investment Management Co. acquired a new stake in Zumiez in the 3rd quarter worth about $298,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

About Zumiez

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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Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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