Zumiez Inc. (ZUMZ) Price Target Raised to $18.00
Zumiez Inc. (NASDAQ:ZUMZ) had its price objective raised by research analysts at Wedbush to $18.00 in a research report issued on Thursday. The firm presently has a “neutral” rating on the apparel and footwear maker’s stock. Wedbush’s target price indicates a potential downside of 1.45% from the stock’s previous close.
A number of other research firms have also recently weighed in on ZUMZ. Jefferies Group reiterated a “hold” rating and set a $17.00 price objective on shares of Zumiez in a research report on Friday, September 9th. Robert W. Baird upped their price target on shares of Zumiez from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, September 9th. B. Riley restated a “neutral” rating and issued a $18.00 price target on shares of Zumiez in a report on Wednesday, September 14th. Mizuho upped their price target on shares of Zumiez from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Finally, SunTrust Banks Inc. upped their price target on shares of Zumiez from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Zumiez currently has an average rating of “Hold” and an average target price of $17.87.
Shares of Zumiez (NASDAQ:ZUMZ) opened at 18.27 on Thursday. The firm has a 50-day moving average of $17.15 and a 200-day moving average of $16.46. Zumiez has a one year low of $11.53 and a one year high of $22.14. The company has a market cap of $453.64 million, a price-to-earnings ratio of 23.82 and a beta of 1.56.
Zumiez (NASDAQ:ZUMZ) last posted 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. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The business had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.35 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Zumiez will post $0.71 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new position in shares of Zumiez during the second quarter worth $115,000. Arizona State Retirement System purchased a new position in shares of Zumiez during the first quarter worth $204,000. Jefferies Group LLC purchased a new position in shares of Zumiez during the second quarter worth $153,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Zumiez during the second quarter worth $168,000. Finally, KCG Holdings Inc. purchased a new position in shares of Zumiez during the second quarter worth $269,000. Institutional investors 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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