Zumiez (ZUMZ) Upgraded at BidaskClub

BidaskClub upgraded shares of Zumiez (NASDAQ:ZUMZ) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

ZUMZ has been the subject of several other research reports. B. Riley set a $26.00 price objective on shares of Zumiez and gave the company a buy rating in a research note on Wednesday, February 7th. BMO Capital Markets set a $20.00 price objective on shares of Zumiez and gave the company a hold rating in a research note on Friday, December 1st. Jefferies Group set a $22.00 price objective on shares of Zumiez and gave the company a hold rating in a research note on Thursday, January 4th. Zacks Investment Research cut shares of Zumiez from a buy rating to a hold rating and set a $22.00 price objective for the company. in a research note on Saturday, January 6th. Finally, William Blair reaffirmed a buy rating on shares of Zumiez in a research note on Thursday, January 4th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $22.00.

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Zumiez (NASDAQ ZUMZ) opened at $23.55 on Tuesday. The firm has a market cap of $604.73, a PE ratio of 21.81, a PEG ratio of 0.87 and a beta of 1.28. Zumiez has a 12 month low of $11.43 and a 12 month high of $24.60.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.08). The business had revenue of $308.20 million during the quarter, compared to analysts’ expectations of $301.75 million. Zumiez had a return on equity of 8.38% and a net margin of 2.89%. Zumiez’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. analysts expect that Zumiez will post 1.53 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Voya Investment Management LLC purchased a new position in Zumiez during the second quarter valued at approximately $142,000. Russell Investments Group Ltd. purchased a new position in Zumiez in the 3rd quarter worth approximately $199,000. The Manufacturers Life Insurance Company grew its stake in Zumiez by 12.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the apparel and footwear maker’s stock worth $204,000 after buying an additional 1,829 shares in the last quarter. ClariVest Asset Management LLC purchased a new position in Zumiez in the 3rd quarter worth approximately $212,000. Finally, HBK Investments L P purchased a new position in Zumiez in the 4th quarter worth approximately $214,000. 71.94% of the stock is owned by institutional investors.

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Zumiez Company Profile

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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