Zumiez Inc. (ZUMZ) Shares Gap Up to $16.30
Zumiez Inc. (NASDAQ:ZUMZ) gapped up prior to trading on Monday . The stock had previously closed at $17.15, but opened at $16.30. Zumiez shares last traded at $15.65, with a volume of 611,156 shares traded.
ZUMZ has been the topic of several analyst reports. BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Zacks Investment Research lowered shares of Zumiez from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 target price on shares of Zumiez in a report on Monday, May 15th. Robert W. Baird reissued a “hold” rating and set a $17.00 price objective on shares of Zumiez in a report on Friday. Finally, ValuEngine lowered shares of Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.20.
The firm has a market cap of $398.11 million, a P/E ratio of 16.65 and a beta of 1.27. The stock’s 50-day moving average is $12.66 and its 200 day moving average is $15.04.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The company had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $192.12 million. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) earnings per share. On average, equities research analysts expect that Zumiez Inc. will post $0.96 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in ZUMZ. Numeric Investors LLC bought a new stake in shares of Zumiez during the second quarter worth about $7,672,000. Dimensional Fund Advisors LP lifted its stake in Zumiez by 15.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,097,470 shares of the apparel and footwear maker’s stock valued at $38,384,000 after buying an additional 274,546 shares during the period. Vanguard Group Inc. lifted its stake in Zumiez by 9.0% in the first quarter. Vanguard Group Inc. now owns 1,653,054 shares of the apparel and footwear maker’s stock valued at $30,250,000 after buying an additional 136,027 shares during the period. Prudential Financial Inc. lifted its stake in Zumiez by 204.4% in the second quarter. Prudential Financial Inc. now owns 177,221 shares of the apparel and footwear maker’s stock valued at $2,189,000 after buying an additional 118,995 shares during the period. Finally, Alambic Investment Management L.P. lifted its stake in Zumiez by 159.8% in the first quarter. Alambic Investment Management L.P. now owns 169,900 shares of the apparel and footwear maker’s stock valued at $3,109,000 after buying an additional 104,500 shares during the period. Institutional investors own 81.81% of the company’s stock.
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Zumiez Company Profile
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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