Piper Jaffray Cos. upgraded shares of Zumiez Inc. (NASDAQ:ZUMZ) from a neutral rating to an overweight rating in a research note released on Thursday. Piper Jaffray Cos. currently has $28.00 price objective on the apparel and footwear maker’s stock.
ZUMZ has been the subject of several other research reports. Stifel Nicolaus reiterated a hold rating and issued a $17.00 price objective (up previously from $16.00) on shares of Zumiez in a research report on Tuesday, September 13th. Mizuho lifted their price objective on Zumiez from $16.00 to $19.00 and gave the company a neutral rating in a research report on Thursday, October 6th. BMO Capital Markets reiterated a market perform rating and issued a $16.00 price objective on shares of Zumiez in a research report on Saturday, September 10th. William Blair upgraded Zumiez from a market perform rating to an outperform rating in a research report on Thursday, October 6th. Finally, SunTrust Banks Inc. lifted their price objective on Zumiez from $15.00 to $17.00 and gave the company a neutral rating in a research report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $19.14.
Zumiez (NASDAQ:ZUMZ) opened at 21.80 on Thursday. The company has a 50 day moving average price of $18.52 and a 200-day moving average price of $16.63. The firm has a market cap of $541.29 million, a price-to-earnings ratio of 28.42 and a beta of 1.56. Zumiez has a 52-week low of $11.53 and a 52-week high of $23.07.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. The firm earned $178.30 million during the quarter, compared to the consensus estimate of $177.35 million. During the same quarter in the previous year, the company posted $0.12 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts anticipate that Zumiez will post $0.72 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted 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 worth $37,493,000 after buying an additional 465,011 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $21,185,000 after buying an additional 352,967 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Zumiez during the second quarter worth approximately $2,851,000. Lombardia Capital Partners LLC raised its stake in shares of 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 worth $15,641,000 after buying an additional 192,039 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Zumiez during the second quarter worth approximately $1,789,000. 84.11% of the stock is owned by hedge funds and other institutional investors.
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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