Zumiez Inc. (ZUMZ) Upgraded by William Blair to Outperform
Several other research analysts have also issued reports on ZUMZ. B. Riley upgraded Zumiez from a neutral rating to a buy rating and set a $25.00 price target on the stock in a research report on Thursday. Mizuho raised their price target on Zumiez from $15.00 to $16.00 and gave the stock a neutral rating in a research report on Thursday, August 4th. Jefferies Group restated a hold rating and issued a $17.00 price target on shares of Zumiez in a research report on Friday, September 9th. Robert W. Baird raised their price target on Zumiez from $18.00 to $19.00 and gave the stock a neutral rating in a research report on Friday, September 9th. Finally, SunTrust Banks Inc. raised their price target on Zumiez from $15.00 to $17.00 and gave the stock a neutral rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Zumiez currently has an average rating of Hold and an average price target of $17.93.
Shares of Zumiez (NASDAQ:ZUMZ) traded up 2.98% on Thursday, reaching $21.78. The company’s stock had a trading volume of 895,927 shares. The stock has a market cap of $540.80 million, a PE ratio of 28.40 and a beta of 1.56. The company’s 50 day moving average is $17.29 and its 200-day moving average is $16.49. Zumiez has a 1-year low of $11.53 and a 1-year high of $22.54.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.35 million. During the same period last year, the company earned $0.12 EPS. The firm’s revenue was down .8% on a year-over-year basis. On average, equities analysts predict that Zumiez will post $0.72 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of ZUMZ. Nordea Investment Management AB increased its stake in Zumiez by 440.8% in the second quarter. Nordea Investment Management AB now owns 45,191 shares of the apparel and footwear maker’s stock worth $647,000 after buying an additional 36,834 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in Zumiez during the second quarter worth about $168,000. Stoneridge Investment Partners LLC increased its stake in Zumiez by 10.0% in the second quarter. Stoneridge Investment Partners LLC now owns 89,599 shares of the apparel and footwear maker’s stock worth $1,282,000 after buying an additional 8,158 shares in the last quarter. Adams Diversified Equity Fund Inc. bought a new stake in Zumiez during the second quarter worth about $325,000. Finally, Arizona State Retirement System bought a new stake in Zumiez during the first quarter worth about $204,000. Institutional investors own 84.11% of the company’s stock.
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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