Zumiez Inc. (ZUMZ) Receives Average Rating of “Hold” from Analysts

Shares of Zumiez Inc. (NASDAQ:ZUMZ) have been given a consensus rating of “Hold” by the ten brokerages that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.57.

A number of research firms recently issued reports on ZUMZ. B. Riley set a $26.00 price objective on Zumiez and gave the company a “buy” rating in a research report on Wednesday, February 7th. BidaskClub lowered Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BMO Capital Markets set a $20.00 price objective on Zumiez and gave the company a “hold” rating in a research report on Friday, December 1st. Jefferies Group set a $22.00 price objective on Zumiez and gave the company a “hold” rating in a research report on Thursday, January 4th. Finally, Zacks Investment Research lowered 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.

Zumiez (NASDAQ ZUMZ) remained flat at $$20.10 during trading hours on Wednesday. 285,300 shares of the company were exchanged, compared to its average volume of 474,218. Zumiez has a 52 week low of $11.43 and a 52 week high of $24.44. The firm has a market cap of $507.52, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 0.80 and a beta of 1.29.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The business had revenue of $245.80 million during the quarter, compared to analyst estimates of $244.50 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. equities analysts anticipate that Zumiez will post 1.18 earnings per share for the current year.

In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $20.75, for a total transaction of $162,742.25. Following the completion of the transaction, the director now owns 9,908 shares in the company, valued at approximately $205,591. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 27.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. HBK Investments L P acquired a new stake in shares of Zumiez in the fourth quarter valued at $214,000. MetLife Investment Advisors LLC acquired a new stake in shares of Zumiez in the fourth quarter valued at $218,000. Thrivent Financial For Lutherans acquired a new stake in shares of Zumiez in the second quarter valued at $130,000. Russell Investments Group Ltd. acquired a new stake in shares of Zumiez in the third quarter valued at $199,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Zumiez in the fourth quarter valued at $235,000. Institutional investors own 75.19% of the company’s stock.

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About Zumiez

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.

Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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