Zumiez (NASDAQ:ZUMZ) received a $26.00 price objective from investment analysts at B. Riley in a research note issued on Wednesday, February 7th. The brokerage currently has a “buy” rating on the apparel and footwear maker’s stock. B. Riley’s target price indicates a potential upside of 29.35% from the company’s current price.
ZUMZ has been the subject of several other reports. Jefferies Group set a $22.00 target price on shares of Zumiez and gave the company a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research downgraded shares of Zumiez from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a research report on Saturday, January 6th. William Blair restated a “buy” rating on shares of Zumiez in a research report on Thursday, January 4th. BidaskClub cut shares of Zumiez from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, BMO Capital Markets set a $20.00 target price on shares of Zumiez and gave the stock a “hold” rating in a report on Friday, December 1st. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.57.
Zumiez (ZUMZ) remained flat at $$20.10 during mid-day trading on Wednesday. 285,327 shares of the company’s stock traded hands, compared to its average volume of 406,730. Zumiez has a 12 month low of $11.43 and a 12 month high of $24.44. The company has a market cap of $507.52, a price-to-earnings ratio of 19.71, a P/E/G ratio of 0.80 and a beta of 1.29.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The company had revenue of $245.80 million during the quarter, compared to the consensus estimate of $244.50 million. During the same period in the prior year, the business posted $0.43 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. research analysts predict that Zumiez will post 1.18 earnings per share for the current fiscal year.
In related news, Director Scott Andrew Bailey sold 7,843 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $20.75, for a total value of $162,742.25. Following the transaction, the director now owns 9,908 shares in the company, valued at $205,591. The transaction was disclosed in a document filed with the SEC, which is available through this link. 27.50% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of ZUMZ. Thrivent Financial For Lutherans bought a new stake in Zumiez in the second quarter valued at $130,000. Voya Investment Management LLC bought a new stake in Zumiez in the second quarter valued at $142,000. Russell Investments Group Ltd. bought a new stake in shares of Zumiez during the third quarter worth about $199,000. The Manufacturers Life Insurance Company increased its position in shares of Zumiez by 12.5% during the second quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the apparel and footwear maker’s stock worth $204,000 after acquiring an additional 1,829 shares in the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in shares of Zumiez during the third quarter worth about $212,000. 76.50% of the stock is owned by hedge funds and other 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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