Zumiez Inc. (ZUMZ) Receives Average Recommendation of “Hold” from Brokerages
Shares of Zumiez Inc. (NASDAQ:ZUMZ) have earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the firm. Two equities research 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. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $17.79.
ZUMZ has been the subject of a number of research reports. Stifel Nicolaus restated a “hold” rating and set a $17.00 target price (up previously from $16.00) on shares of Zumiez in a research note on Tuesday, September 13th. Mizuho raised their target price on shares of Zumiez from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, October 6th. BMO Capital Markets restated a “market perform” rating and set a $16.00 target price on shares of Zumiez in a research note on Saturday, September 10th. William Blair upgraded shares of Zumiez from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 6th. Finally, SunTrust Banks Inc. raised their target price on shares of Zumiez from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th.
Shares of Zumiez (NASDAQ:ZUMZ) traded down 1.20% during mid-day trading on Tuesday, reaching $22.28. 466,782 shares of the company’s stock traded hands. Zumiez has a 12 month low of $11.53 and a 12 month high of $23.07. The stock has a market cap of $553.21 million, a PE ratio of 29.05 and a beta of 1.56. The firm has a 50 day moving average price of $17.62 and a 200-day moving average price of $16.50.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results 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. The firm earned $178.30 million during the quarter, compared to analysts’ expectations of $177.35 million. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share. On average, analysts predict that Zumiez will post $0.72 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Zumiez during the second quarter valued at about $115,000. Jefferies Group LLC bought a new stake in shares of Zumiez during the second quarter valued at about $153,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Zumiez during the second quarter valued at about $168,000. KCG Holdings Inc. bought a new stake in shares of Zumiez during the second quarter valued at about $269,000. Finally, Adams Diversified Equity Fund Inc. bought a new stake in shares of Zumiez during the second quarter valued at about $325,000. 84.11% of the stock is currently owned by institutional investors.
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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