Zumiez’s (NASDAQ:ZUMZ) same-store sales fell 2.9% in the month of September. The company beat analysts’ estimates of a 7.6% year-over-year decline in sales. Zumiez’s stock climbed by 3.7% in the first day of trading following the report.
A number of brokerages have issued reports on ZUMZ. B. Riley reaffirmed a “buy” rating and set a $25.00 price target on shares of Zumiez in a report on Tuesday, October 11th. Mizuho lifted their price target on Zumiez from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Robert W. Baird reaffirmed a “neutral” rating and set a $22.00 price target (up from $19.00) on shares of Zumiez in a report on Saturday, October 8th. Wedbush lifted their price target on Zumiez from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, October 6th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $17.00 price target on shares of Zumiez in a report on Friday, September 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Zumiez currently has a consensus rating of “Hold” and an average target price of $19.14.
Shares of Zumiez (NASDAQ:ZUMZ) opened at 22.53 on Friday. The stock has a market cap of $559.42 million, a price-to-earnings ratio of 29.37 and a beta of 1.56. Zumiez has a 52 week low of $11.53 and a 52 week high of $23.07. The stock’s 50 day moving average price is $18.25 and its 200 day moving average price is $16.65.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The firm had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.35 million. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 earnings per share. Equities research analysts anticipate that Zumiez will post $0.72 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of ZUMZ. FMR LLC raised its position in Zumiez by 21.6% in the second quarter. FMR LLC now owns 2,620,069 shares of the apparel and footwear maker’s stock valued at $37,493,000 after buying an additional 465,011 shares during the period. Dimensional Fund Advisors LP raised its position in Zumiez by 31.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,480,468 shares of the apparel and footwear maker’s stock valued at $21,185,000 after buying an additional 352,967 shares during the period. Citadel Advisors LLC acquired a new position in Zumiez during the second quarter valued at about $2,851,000. Lombardia Capital Partners LLC raised its position in Zumiez by 21.3% in the second quarter. Lombardia Capital Partners LLC now owns 1,093,013 shares of the apparel and footwear maker’s stock valued at $15,641,000 after buying an additional 192,039 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Zumiez during the second quarter valued at about $1,789,000. Hedge funds and other institutional investors own 84.11% of the company’s stock.
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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