Zumiez Inc. (NASDAQ:ZUMZ) shares saw strong trading volume on Thursday after Stifel Nicolaus raised their price target on the stock to $18.00. Stifel Nicolaus currently has a hold rating on the stock. 1,803,058 shares were traded during mid-day trading, an increase of 241% from the previous session’s volume of 528,942 shares.The stock last traded at $21.24 and had previously closed at $18.27.
Several other equities research analysts have also weighed in on ZUMZ. B. Riley upgraded shares of Zumiez from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday. Mizuho increased their target price on shares of Zumiez from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Wedbush increased their target price on shares of Zumiez to $18.00 and gave the stock a “neutral” rating in a report on Thursday. Jefferies Group reiterated a “hold” rating and issued a $17.00 target price on shares of Zumiez in a report on Friday, September 9th. Finally, Robert W. Baird increased their target price on shares of Zumiez from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.93.
Several hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in Zumiez during the second quarter worth about $115,000. Jefferies Group LLC bought a new stake in Zumiez during the second quarter worth about $153,000. Quantitative Systematic Strategies LLC bought a new stake in Zumiez during the second quarter worth about $168,000. Arizona State Retirement System bought a new stake in Zumiez during the first quarter worth about $204,000. Finally, KCG Holdings Inc. bought a new stake in Zumiez during the second quarter worth about $269,000. Institutional investors own 84.11% of the company’s stock.
The stock has a 50 day moving average price of $17.45 and a 200-day moving average price of $16.51. The company has a market capitalization of $544.52 million, a P/E ratio of 28.59 and a beta of 1.56.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The firm had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.35 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The business’s revenue was down .8% on a year-over-year basis. On average, equities analysts forecast that Zumiez Inc. will post $0.72 earnings per share for the current year.
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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