B. Riley set a $23.00 target price on Zumiez (NASDAQ:ZUMZ) in a report issued on Friday morning, Marketbeat reports. The brokerage currently has a buy rating on the apparel and footwear maker’s stock. B. Riley also issued estimates for Zumiez’s Q4 2018 earnings at $0.79 EPS, FY2018 earnings at $1.07 EPS and FY2019 earnings at $1.18 EPS.
Several other research analysts also recently commented on the stock. Jefferies Group set a $15.00 target price on shares of Zumiez and gave the stock a hold rating in a research note on Thursday, October 5th. Robert W. Baird reaffirmed a neutral rating and issued a $17.00 target price on shares of Zumiez in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of Zumiez from a hold rating to a buy rating and set a $18.00 target price on the stock in a research note on Tuesday, September 12th. BMO Capital Markets set a $16.00 target price on shares of Zumiez and gave the stock a hold rating in a research note on Sunday, September 10th. Finally, BidaskClub raised shares of Zumiez from a sell rating to a hold rating in a research note on Friday, August 25th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Zumiez has a consensus rating of Hold and an average price target of $20.00.
Zumiez (NASDAQ:ZUMZ) opened at $21.35 on Friday. The company has a market cap of $503.78, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.39. Zumiez has a one year low of $11.43 and a one year high of $26.55.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $245.80 million for the quarter, compared to the consensus estimate of $244.50 million. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. analysts anticipate that Zumiez will post 1.08 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Zumiez by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,136,908 shares of the apparel and footwear maker’s stock valued at $26,391,000 after acquiring an additional 39,438 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Zumiez by 7.4% in the second quarter. Vanguard Group Inc. now owns 1,776,196 shares of the apparel and footwear maker’s stock valued at $21,936,000 after acquiring an additional 123,142 shares in the last quarter. Numeric Investors LLC bought a new stake in Zumiez in the second quarter valued at $7,672,000. FMR LLC boosted its holdings in Zumiez by 6.5% in the second quarter. FMR LLC now owns 595,966 shares of the apparel and footwear maker’s stock valued at $7,361,000 after acquiring an additional 36,144 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in Zumiez by 79.0% in the third quarter. Prudential Financial Inc. now owns 317,190 shares of the apparel and footwear maker’s stock valued at $5,741,000 after acquiring an additional 139,969 shares in the last quarter. 74.76% of the stock is currently owned by institutional investors.
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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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