Zumiez’s (ZUMZ) “Neutral” Rating Reaffirmed at Robert W. Baird
Zumiez Inc. (NASDAQ:ZUMZ)‘s stock had its “neutral” rating reissued by research analysts at Robert W. Baird in a note issued to investors on Saturday. They currently have a $22.00 target price on the apparel and footwear maker’s stock, up from their previous target price of $19.00. Robert W. Baird’s target price suggests a potential upside of 0.32% from the stock’s previous close.
Several other equities research analysts have also weighed in on the company. Stifel Nicolaus increased their target price on Zumiez to $18.00 and gave the stock a “hold” rating in a research report on Thursday. Wedbush increased their target price on Zumiez to $18.00 and gave the stock a “neutral” rating in a research report on Thursday. William Blair raised Zumiez from a “market perform” rating to an “outperform” rating in a research report on Thursday. Mizuho increased their target price on Zumiez from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, B. Riley raised Zumiez from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.13.
Zumiez (NASDAQ:ZUMZ) opened at 21.93 on Friday. The company has a 50-day moving average of $17.45 and a 200 day moving average of $16.51. The firm has a market cap of $544.52 million, a P/E ratio of 28.59 and a beta of 1.56. Zumiez has a 52 week low of $11.53 and a 52 week high of $22.54.
Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share 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 firm 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 earnings per share. The firm’s revenue for the quarter 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 year.
Several institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its position in 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 during the period. Schwab Charles Investment Management Inc. raised its position in Zumiez by 11.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 136,979 shares of the apparel and footwear maker’s stock worth $1,961,000 after buying an additional 13,563 shares during the period. Point72 Asset Management L.P. bought a new position in Zumiez during the second quarter worth $1,789,000. Cubist Systematic Strategies LLC bought a new position in Zumiez during the second quarter worth $115,000. Finally, A.R.T. Advisors LLC raised its position in 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 during the period. Institutional investors and hedge funds 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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