Zumiez (NASDAQ:ZUMZ) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday.
Several other research firms also recently weighed in on ZUMZ. Zacks Investment Research downgraded Zumiez from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a research report on Saturday, January 6th. BMO Capital Markets set a $20.00 target price on Zumiez and gave the company a “hold” rating in a research report on Friday, December 1st. B. Riley set a $23.00 target price on Zumiez and gave the company a “buy” rating in a research report on Friday, December 1st. Jefferies Group set a $22.00 price target on Zumiez and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, William Blair reissued a “buy” rating on shares of Zumiez in a report on Thursday, January 4th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.00.
Zumiez (ZUMZ) opened at $23.95 on Tuesday. The firm has a market capitalization of $590.84, a price-to-earnings ratio of 22.18, a P/E/G ratio of 0.85 and a beta of 1.28. Zumiez has a 52-week low of $11.43 and a 52-week high of $24.60.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.08). The company had revenue of $308.20 million for the quarter, compared to analysts’ expectations of $301.75 million. Zumiez had a net margin of 2.89% and a return on equity of 8.38%. Zumiez’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share. analysts expect that Zumiez will post 1.53 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the business. Fulcrum Capital LLC bought a new stake in Zumiez during the fourth quarter valued at about $400,000. Parametric Portfolio Associates LLC raised its holdings in Zumiez by 42.4% during the second quarter. Parametric Portfolio Associates LLC now owns 61,333 shares of the apparel and footwear maker’s stock valued at $757,000 after acquiring an additional 18,259 shares during the period. Spark Investment Management LLC bought a new stake in Zumiez during the fourth quarter valued at about $8,684,000. Algert Global LLC bought a new stake in Zumiez during the third quarter valued at about $269,000. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in Zumiez during the third quarter valued at about $3,193,000. 71.94% of the stock is currently owned by institutional investors and hedge funds.
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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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