Analysts Set Zumiez Inc. (ZUMZ) Price Target at $19.50
Zumiez Inc. (NASDAQ:ZUMZ) has earned an average rating of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $19.50.
A number of research analysts have commented on ZUMZ shares. Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, September 12th. BidaskClub upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Robert W. Baird reiterated a “hold” rating and set a $17.00 price objective on shares of Zumiez in a research note on Friday, September 8th. ValuEngine downgraded shares of Zumiez from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BMO Capital Markets set a $16.00 price objective on shares of Zumiez and gave the company a “hold” rating in a research note on Sunday, September 10th.
Zumiez (NASDAQ ZUMZ) traded down 0.60% during mid-day trading on Friday, reaching $16.65. The company’s stock had a trading volume of 402,794 shares. The firm has a market capitalization of $420.08 million, a price-to-earnings ratio of 17.36 and a beta of 1.27. Zumiez has a 52 week low of $11.43 and a 52 week high of $26.55. The company’s 50-day moving average price is $13.46 and its 200 day moving average price is $14.86.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, September 7th. The apparel and footwear maker reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. Zumiez had a net margin of 2.78% and a return on equity of 7.83%. The firm had revenue of $192.20 million for the quarter, compared to the consensus estimate of $192.12 million. During the same period in the prior year, the firm posted ($0.03) EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that Zumiez will post $1.05 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of ZUMZ. Eagle Global Advisors LLC bought a new stake in Zumiez in the 2nd quarter valued at about $124,000. Thrivent Financial For Lutherans bought a new stake in Zumiez in the 2nd quarter valued at about $130,000. Voya Investment Management LLC bought a new stake in Zumiez in the 2nd quarter valued at about $142,000. Marshall Wace North America L.P. bought a new stake in Zumiez in the 2nd quarter valued at about $155,000. Finally, Texas Permanent School Fund lifted its position in Zumiez by 2.1% in the 2nd quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock valued at $159,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 80.97% of the company’s stock.
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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