Zumiez Inc. (NASDAQ:ZUMZ) shares saw an uptick in trading volume on Thursday after Stifel Nicolaus raised their price target on the stock to $18.00. Stifel Nicolaus currently has a hold rating on the stock. 1,803,058 shares changed hands during mid-day trading, an increase of 241% from the previous session’s volume of 528,942 shares.The stock last traded at $21.24 and had previously closed at $18.27.

Several other research firms have also weighed in on ZUMZ. B. Riley upgraded shares of Zumiez from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday. Mizuho upped their price objective on shares of Zumiez from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday. William Blair upgraded shares of Zumiez from a “market perform” rating to an “outperform” rating in a report on Thursday. Wedbush upped their price objective on shares of Zumiez to $18.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, SunTrust Banks Inc. upped their price objective 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 research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $17.93.

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Zumiez by 0.9% in the first quarter. Geode Capital Management LLC now owns 146,947 shares of the apparel and footwear maker’s stock worth $2,927,000 after buying an additional 1,290 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of Zumiez by 4.2% in the second quarter. BlackRock Group LTD now owns 32,002 shares of the apparel and footwear maker’s stock worth $458,000 after buying an additional 1,291 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Zumiez by 1.7% in the second quarter. Public Employees Retirement System of Ohio now owns 118,950 shares of the apparel and footwear maker’s stock worth $1,702,000 after buying an additional 1,937 shares in the last quarter. A.R.T. Advisors LLC boosted its stake in shares of Zumiez by 5.4% in the second quarter. A.R.T. Advisors LLC now owns 40,474 shares of the apparel and footwear maker’s stock worth $579,000 after buying an additional 2,085 shares in the last quarter. Finally, TD Asset Management Inc. boosted its stake in shares of Zumiez by 8.1% in the second quarter. TD Asset Management Inc. now owns 29,220 shares of the apparel and footwear maker’s stock worth $418,000 after buying an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 84.11% of the company’s stock.

The firm has a market capitalization of $525.15 million, a PE ratio of 27.57 and a beta of 1.56. The firm has a 50 day moving average price of $17.29 and a 200 day moving average price of $16.49.

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 consensus estimate of ($0.08) by $0.05. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. The company earned $178.30 million during the quarter, compared to analysts’ expectations of $177.35 million. During the same period in the prior year, the business earned $0.12 earnings per share. Zumiez’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts forecast that Zumiez Inc. will post $0.72 earnings per share for the current year.

About Zumiez

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.

5 Day Chart for NASDAQ:ZUMZ

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