Zumiez Inc. (NASDAQ:ZUMZ)‘s stock had its “hold” rating reiterated by analysts at Stifel Nicolaus in a report released on Thursday. They presently have a $18.00 price objective on the apparel and footwear maker’s stock, up from their previous price objective of $17.00. Stifel Nicolaus’ price target would indicate a potential downside of 17.92% from the stock’s previous close.
Several other brokerages also recently weighed in on ZUMZ. B. Riley upgraded shares of Zumiez from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday. Mizuho boosted their price objective on shares of Zumiez from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday. William Blair upgraded shares of Zumiez from a “market perform” rating to an “outperform” rating in a research report on Thursday. Wedbush upped their price target on shares of Zumiez from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, SunTrust Banks Inc. upped their price target on shares of Zumiez from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. Zumiez has an average rating of “Hold” and a consensus target price of $18.13.
Zumiez (NASDAQ:ZUMZ) opened at 21.93 on Thursday. The stock has a market capitalization of $544.52 million, a P/E ratio of 28.59 and a beta of 1.56. The firm’s 50-day moving average is $17.45 and its 200 day moving average is $16.51. Zumiez has a 12-month low of $11.53 and a 12-month high of $22.54.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.05. The business earned $178.30 million during the quarter, compared to the consensus estimate of $177.35 million. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. Equities analysts expect that Zumiez will post $0.72 EPS for the current year.
Several institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new position in shares of Zumiez during the second quarter worth about $115,000. Jefferies Group LLC bought a new position in shares of Zumiez during the second quarter worth about $153,000. Quantitative Systematic Strategies LLC bought a new position in shares of Zumiez during the second quarter worth about $168,000. Arizona State Retirement System bought a new position in shares of Zumiez during the first quarter worth about $204,000. Finally, KCG Holdings Inc. bought a new position in shares of Zumiez during the second quarter worth about $269,000. Institutional investors and hedge funds own 84.11% of the company’s stock.
Zumiez Company Profile
Zumiez Inc is a specialty retailer of apparel, footwear, accessories and hardgoods for men and women. The Company operates under the names Zumiez and Blue Tomato. Additionally, the Company operates e-commerce Websites at www.zumiez.com and www.blue-tomato.com. Its product categories are men’s apparel, accessories, footwear, hardgoods and junior’s apparel.
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