Zumiez Inc. (NASDAQ:ZUMZ)‘s stock had its “neutral” rating reissued by equities research analysts at Robert W. Baird in a research note issued to investors on Saturday. They presently have a $22.00 target price on the apparel and footwear maker’s stock, up from their prior target price of $19.00. Robert W. Baird’s target price indicates a potential upside of 0.32% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. B. Riley raised shares of Zumiez from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday. SunTrust Banks Inc. boosted their price objective on shares of Zumiez from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Stifel Nicolaus boosted their price objective on shares of Zumiez to $18.00 and gave the company a “hold” rating in a research report on Thursday. William Blair upgraded shares of Zumiez from a “market perform” rating to an “outperform” rating in a research note on Thursday. Finally, Wedbush lifted their price target on shares of Zumiez to $18.00 and gave the company a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.13.
Shares of Zumiez (NASDAQ:ZUMZ) opened at 21.93 on Friday. The firm’s 50-day moving average is $17.45 and its 200-day moving average is $16.51. The company has a market capitalization of $544.52 million, a PE ratio of 28.59 and a beta of 1.56. Zumiez has a 12-month low of $11.53 and a 12-month high of $22.54.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, September 8th. The apparel and footwear maker reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.05. The business had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.35 million. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. On average, 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 made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new position in shares of Zumiez during the second quarter worth approximately $115,000. Jefferies Group LLC bought a new position in shares of Zumiez during the second quarter worth approximately $153,000. Quantitative Systematic Strategies LLC bought a new position in shares of Zumiez during the second quarter worth approximately $168,000. KCG Holdings Inc. bought a new position in shares of Zumiez during the second quarter worth approximately $269,000. Finally, Adams Diversified Equity Fund Inc. bought a new position in shares of Zumiez during the second quarter worth approximately $325,000. Institutional investors and hedge funds own 84.11% of the company’s stock.
Zumiez Company Profile
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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