Zumiez Inc. (NASDAQ:ZUMZ) was upgraded by equities researchers at Piper Jaffray Cos. from a “neutral” rating to an “overweight” rating in a report issued on Thursday.

Other equities analysts also recently issued reports about the stock. B. Riley reissued a “buy” rating and set a $25.00 target price on shares of Zumiez in a research report on Tuesday. Mizuho upped their price target on shares of Zumiez from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Robert W. Baird restated a “neutral” rating and set a $22.00 price target (up from $19.00) on shares of Zumiez in a report on Saturday, October 8th. Wedbush upped their price target on shares of Zumiez from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, October 6th. Finally, Jefferies Group restated a “hold” rating and set a $17.00 price target on shares of Zumiez in a report on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.07.

Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

Shares of Zumiez (NASDAQ:ZUMZ) traded down 2.54% on Thursday, hitting $21.90. The company’s stock had a trading volume of 391,982 shares. The stock has a market capitalization of $543.78 million, a P/E ratio of 28.55 and a beta of 1.56. Zumiez has a 52 week low of $11.53 and a 52 week high of $23.07. The stock’s 50 day moving average price is $17.94 and its 200 day moving average price is $16.59.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.05. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The business had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.35 million. During the same period in the prior year, the business posted $0.12 earnings per share. Zumiez’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts forecast that Zumiez will post $0.72 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of ZUMZ. BlackRock Group LTD boosted its stake in Zumiez by 4.2% in the second quarter. BlackRock Group LTD now owns 32,002 shares of the apparel and footwear maker’s stock valued at $458,000 after buying an additional 1,291 shares in the last quarter. Public Employees Retirement System of Ohio raised 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 valued at $1,702,000 after buying an additional 1,937 shares during the last quarter. A.R.T. Advisors LLC raised 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 valued at $579,000 after buying an additional 2,085 shares during the last quarter. TD Asset Management Inc. raised 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 valued at $418,000 after buying an additional 2,200 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Zumiez by 3.5% in the first quarter. UBS Group AG now owns 82,145 shares of the apparel and footwear maker’s stock valued at $1,636,000 after buying an additional 2,816 shares during the last quarter. 84.11% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:ZUMZ

Receive News & Stock Ratings for Zumiez Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez Inc. and related stocks with our FREE daily email newsletter.