Zumiez Inc. (ZUMZ) Rating Reiterated by Robert W. Baird
Zumiez Inc. (NASDAQ:ZUMZ)‘s stock had its “neutral” rating reaffirmed by research analysts at Robert W. Baird in a report released on Saturday. They currently have a $22.00 price objective on the apparel and footwear maker’s stock, up from their previous price objective of $19.00. Robert W. Baird’s price objective points to a potential upside of 0.32% from the stock’s current price.
A number of other analysts have also issued reports on the company. Stifel Nicolaus increased their target price on Zumiez to $18.00 and gave the company a “hold” rating in a report on Thursday. Wedbush increased their target price on Zumiez to $18.00 and gave the company a “neutral” rating in a report on Thursday. William Blair upgraded Zumiez from a “market perform” rating to an “outperform” rating in a report on Thursday. Mizuho increased their target price on Zumiez from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday. Finally, B. Riley upgraded Zumiez from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Zumiez currently has an average rating of “Hold” and an average price target of $18.13.
Zumiez (NASDAQ:ZUMZ) opened at 21.93 on Friday. Zumiez has a 52 week low of $11.53 and a 52 week high of $22.54. The firm has a market cap of $544.52 million, a PE ratio of 28.59 and a beta of 1.56. The firm’s 50 day moving average price is $17.45 and its 200-day moving average price is $16.51.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, September 8th. The apparel and footwear maker reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $177.35 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, analysts forecast that Zumiez will post $0.72 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in ZUMZ. Cubist Systematic Strategies LLC purchased a new stake in Zumiez during the second quarter worth about $115,000. Jefferies Group LLC purchased a new stake in Zumiez during the second quarter worth about $153,000. Quantitative Systematic Strategies LLC purchased a new stake in Zumiez during the second quarter worth about $168,000. KCG Holdings Inc. purchased a new stake in Zumiez during the second quarter worth about $269,000. Finally, Adams Diversified Equity Fund Inc. purchased a new stake in Zumiez during the second quarter worth about $325,000. 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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