Zumiez (ZUMZ) Given a $22.00 Price Target at Jefferies Group

Jefferies Group set a $22.00 price target on Zumiez (NASDAQ:ZUMZ) in a research report report published on Thursday morning. The firm currently has a hold rating on the apparel and footwear maker’s stock. Jefferies Group also issued estimates for Zumiez’s Q4 2018 earnings at $0.80 EPS, Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $1.21 EPS, FY2018 earnings at $1.10 EPS, FY2019 earnings at $1.18 EPS and FY2019 earnings at $1.29 EPS.

ZUMZ has been the subject of several other reports. Robert W. Baird reiterated a neutral rating and issued a $17.00 target price on shares of Zumiez in a report on Tuesday, October 3rd. B. Riley reiterated a buy rating and issued a $18.00 target price on shares of Zumiez in a report on Wednesday, September 13th. Zacks Investment Research raised shares of Zumiez from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research report on Tuesday, September 12th. Finally, BMO Capital Markets set a $20.00 price objective on shares of Zumiez and gave the company a hold rating in a research report on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $20.44.

Shares of Zumiez (NASDAQ ZUMZ) traded up $2.45 on Thursday, hitting $22.95. 1,685,200 shares of the company’s stock traded hands, compared to its average volume of 1,268,400. Zumiez has a one year low of $11.43 and a one year high of $24.44. The firm has a market capitalization of $517.62, a PE ratio of 22.50, a price-to-earnings-growth ratio of 1.05 and a beta of 1.39.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The company had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $244.50 million. During the same period last year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. equities research analysts forecast that Zumiez will post 1.09 earnings per share for the current fiscal year.

In other news, Director Scott Andrew Bailey sold 7,843 shares of Zumiez stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $20.75, for a total value of $162,742.25. Following the transaction, the director now owns 9,908 shares of the company’s stock, valued at $205,591. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 27.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ZUMZ. Schwab Charles Investment Management Inc. increased its position in Zumiez by 15.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 174,644 shares of the apparel and footwear maker’s stock worth $2,157,000 after acquiring an additional 23,634 shares during the period. SG Americas Securities LLC increased its position in Zumiez by 502.7% during the second quarter. SG Americas Securities LLC now owns 37,660 shares of the apparel and footwear maker’s stock worth $465,000 after acquiring an additional 31,411 shares during the period. Legal & General Group Plc increased its position in Zumiez by 9.1% during the second quarter. Legal & General Group Plc now owns 31,374 shares of the apparel and footwear maker’s stock worth $387,000 after acquiring an additional 2,607 shares during the period. BNP Paribas Arbitrage SA increased its position in Zumiez by 29.1% during the second quarter. BNP Paribas Arbitrage SA now owns 13,016 shares of the apparel and footwear maker’s stock worth $161,000 after acquiring an additional 2,934 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in Zumiez during the second quarter worth $155,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

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About Zumiez

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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