Zumiez Inc. (ZUMZ) Given a $16.00 Price Target at BMO Capital Markets
Zumiez Inc. (NASDAQ:ZUMZ) has been given a $16.00 price objective by investment analysts at BMO Capital Markets in a note issued to investors on Sunday. The firm presently has a “hold” rating on the apparel and footwear maker’s stock. BMO Capital Markets’ price target indicates a potential downside of 1.84% from the stock’s previous close.
A number of other brokerages have also issued reports on ZUMZ. Jefferies Group LLC reissued a “hold” rating and issued a $19.00 target price on shares of Zumiez in a research report on Monday, May 15th. ValuEngine lowered Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Robert W. Baird reissued a “hold” rating and issued a $17.00 target price on shares of Zumiez in a research report on Friday. Finally, B. Riley raised Zumiez from a “neutral” rating to a “buy” rating and boosted their target price for the company from $17.00 to $18.00 in a research report on Friday. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.20.
Shares of Zumiez (NASDAQ ZUMZ) traded down 4.29% on Friday, reaching $15.60. The company’s stock had a trading volume of 497,611 shares. The firm has a 50-day moving average price of $12.66 and a 200 day moving average price of $15.04. The firm has a market capitalization of $393.07 million, a PE ratio of 16.44 and a beta of 1.27. Zumiez has a one year low of $11.43 and a one year high of $26.55.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $192.20 million for the quarter, compared to analyst estimates of $192.12 million. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.03) earnings per share. On average, analysts anticipate that Zumiez will post $0.96 earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN grew its stake in shares of Zumiez by 0.6% during the second quarter. Disciplined Growth Investors Inc. MN now owns 259,975 shares of the apparel and footwear maker’s stock worth $3,211,000 after purchasing an additional 1,475 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Zumiez by 12.5% during the second quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the apparel and footwear maker’s stock worth $204,000 after purchasing an additional 1,829 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Zumiez during the second quarter worth $215,000. Gotham Asset Management LLC grew its stake in shares of Zumiez by 98.5% during the second quarter. Gotham Asset Management LLC now owns 24,742 shares of the apparel and footwear maker’s stock worth $306,000 after purchasing an additional 12,277 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Zumiez by 56.1% during the second quarter. Goldman Sachs Group Inc. now owns 138,991 shares of the apparel and footwear maker’s stock worth $1,717,000 after purchasing an additional 49,967 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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