Zumiez (NASDAQ:ZUMZ) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday, February 2nd.
Other research analysts have also recently issued reports about the stock. B. Riley restated a “buy” rating and issued a $21.00 price objective (up from $18.00) on shares of Zumiez in a research report on Thursday, October 5th. BMO Capital Markets set a $20.00 price target on shares of Zumiez and gave the company a “hold” rating in a research report on Friday, December 1st. Jefferies Group set a $15.00 price target on shares of Zumiez and gave the company a “hold” rating in a research report on Thursday, October 5th. William Blair restated a “buy” rating on shares of Zumiez in a report on Thursday, January 4th. Finally, Zacks Investment Research cut shares of Zumiez from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a report on Saturday, January 6th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $20.57.
Shares of Zumiez (ZUMZ) opened at $18.95 on Friday. Zumiez has a fifty-two week low of $11.43 and a fifty-two week high of $24.44. The company has a market cap of $488.58, a PE ratio of 18.76, a price-to-earnings-growth ratio of 0.77 and a beta of 1.29.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. analysts predict that Zumiez will post 1.18 EPS for the current fiscal year.
In related news, Director Scott Andrew Bailey sold 7,843 shares of Zumiez stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $20.75, for a total value of $162,742.25. Following the completion of the sale, the director now directly owns 9,908 shares in the company, valued at approximately $205,591. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 27.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Zumiez by 11.5% in the 4th quarter. BlackRock Inc. now owns 2,619,976 shares of the apparel and footwear maker’s stock worth $54,562,000 after buying an additional 269,913 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Zumiez by 1.9% during the 2nd 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 purchasing an additional 39,438 shares during the period. Vanguard Group Inc. grew its stake in shares of Zumiez by 7.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,776,196 shares of the apparel and footwear maker’s stock valued at $21,936,000 after purchasing an additional 123,142 shares during the period. FMR LLC grew its stake in shares of Zumiez by 6.5% during the 2nd quarter. FMR LLC now owns 595,966 shares of the apparel and footwear maker’s stock valued at $7,361,000 after purchasing an additional 36,144 shares during the period. Finally, Spark Investment Management LLC bought a new stake in shares of Zumiez during the 4th quarter valued at about $8,684,000. Institutional investors own 76.50% of the company’s stock.
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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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