A number of other equities analysts have also recently weighed in on ZUMZ. B. Riley reissued a neutral rating and set a $16.00 price objective on shares of Zumiez in a report on Wednesday, June 8th. Mizuho lifted their price target on Zumiez from $15.00 to $16.00 and gave the stock a neutral rating in a research note on Thursday, August 4th. Jefferies Group reaffirmed a hold rating and issued a $17.00 price target on shares of Zumiez in a research note on Friday, September 9th. Robert W. Baird lifted their price target on Zumiez from $18.00 to $19.00 and gave the stock a neutral rating in a research note on Friday, September 9th. Finally, SunTrust Banks Inc. lifted their price target on Zumiez from $15.00 to $17.00 and gave the stock a neutral rating in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $18.07.
Zumiez (NASDAQ:ZUMZ) opened at 22.27 on Thursday. The company has a market capitalization of $552.96 million, a PE ratio of 29.04 and a beta of 1.56. The firm’s 50 day moving average price is $17.78 and its 200-day moving average price is $16.55. Zumiez has a 12-month low of $11.53 and a 12-month high of $23.07.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.05. The company had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.35 million. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. Zumiez’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm posted $0.12 EPS. On average, equities analysts anticipate that Zumiez will post $0.72 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in Zumiez during the second quarter valued at approximately $115,000. Arizona State Retirement System bought a new stake in Zumiez during the first quarter valued at approximately $204,000. Jefferies Group LLC bought a new stake in Zumiez during the second quarter valued at approximately $153,000. Quantitative Systematic Strategies LLC bought a new stake in Zumiez during the second quarter valued at approximately $168,000. Finally, KCG Holdings Inc. bought a new stake in Zumiez during the second quarter valued at approximately $269,000. 84.11% of the stock is currently owned by institutional investors and hedge funds.
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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