Zumiez Inc. (ZUMZ) Receives $20.38 Average Price Target from Analysts
Shares of Zumiez Inc. (NASDAQ:ZUMZ) have earned an average rating of “Hold” from the sixteen analysts that are currently covering the firm. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $20.38.
A number of research firms have recently weighed in on ZUMZ. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 target price (up from $16.00) on shares of Zumiez in a research report on Tuesday, September 13th. Mizuho increased their price objective on shares of Zumiez from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, October 6th. BMO Capital Markets reissued a “market perform” rating and set a $16.00 price objective on shares of Zumiez in a research report on Saturday, September 10th. William Blair raised shares of Zumiez from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 6th. Finally, Zacks Investment Research raised shares of Zumiez from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Friday, October 21st.
A number of large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in Zumiez during the second quarter worth approximately $115,000. Jefferies Group LLC bought a new stake in shares of Zumiez during the second quarter worth about $153,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Zumiez during the second quarter worth about $168,000. BlackRock Advisors LLC raised its stake in shares of Zumiez by 13.8% in the third quarter. BlackRock Advisors LLC now owns 9,455 shares of the apparel and footwear maker’s stock worth $170,000 after buying an additional 1,145 shares during the period. Finally, Laurion Capital Management LP bought a new stake in shares of Zumiez during the third quarter worth about $200,000. Institutional investors own 82.84% of the company’s stock.
Shares of Zumiez (NASDAQ:ZUMZ) opened at 24.85 on Tuesday. The stock’s 50 day moving average price is $22.19 and its 200-day moving average price is $17.47. The firm has a market cap of $617.03 million, a P/E ratio of 32.40 and a beta of 1.14. Zumiez has a 12 month low of $11.53 and a 12 month high of $25.60.
Zumiez (NASDAQ:ZUMZ) last released its 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. The firm had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.35 million. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. Equities research analysts anticipate that Zumiez will post $0.88 earnings per share for the current fiscal year.
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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