Shares of Zumiez Inc. (NASDAQ:ZUMZ) traded up 7% during mid-day trading on Tuesday . The company traded as high as $21.40 and last traded at $21.35. 985,800 shares changed hands during mid-day trading, an increase of 91% from the average session volume of 516,320 shares. The stock had previously closed at $19.95.

A number of analysts have issued reports on the stock. Jefferies Group reiterated a “hold” rating and issued a $21.00 target price on shares of Zumiez in a research note on Sunday. BMO Capital Markets set a $20.00 price objective on shares of Zumiez and gave the stock a “hold” rating in a research note on Friday, December 1st. B. Riley set a $23.00 price objective on shares of Zumiez and gave the stock a “buy” rating in a research note on Friday, December 1st. Robert W. Baird restated a “neutral” rating and issued a $17.00 price objective on shares of Zumiez in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, September 12th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Zumiez has an average rating of “Hold” and an average target price of $20.00.

The firm has a market capitalization of $521.01, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The business had revenue of $245.80 million for the quarter, compared to analyst estimates of $244.50 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Zumiez’s revenue was up 11.0% compared to the same quarter last year. research analysts anticipate that Zumiez Inc. will post 1.09 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Eagle Global Advisors LLC bought a new position in Zumiez during the second quarter worth $124,000. Thrivent Financial For Lutherans bought a new position in Zumiez during the second quarter worth $130,000. Russell Investments Group Ltd. bought a new position in Zumiez during the third quarter worth $199,000. Voya Investment Management LLC bought a new position in Zumiez during the second quarter worth $142,000. Finally, ClariVest Asset Management LLC bought a new position in Zumiez during the third quarter worth $212,000. 74.76% of the stock is currently owned by institutional investors and hedge funds.

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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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