Zumiez (NASDAQ:ZUMZ) had its price target lowered by research analysts at B. Riley to $32.00 in a note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the apparel and footwear maker’s stock. B. Riley’s price objective suggests a potential upside of 69.49% from the company’s previous close.
ZUMZ has been the subject of a number of other reports. TheStreet raised shares of Zumiez from a “c+” rating to a “b” rating in a research note on Friday, September 7th. BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Pivotal Research raised shares of Zumiez from a “hold” rating to a “buy” rating and boosted their target price for the company from $30.00 to $36.00 in a research note on Tuesday, September 4th. DA Davidson began coverage on shares of Zumiez in a research note on Tuesday, September 25th. They set a “neutral” rating and a $29.00 target price for the company. Finally, Robert W. Baird lowered their target price on shares of Zumiez from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Zumiez presently has a consensus rating of “Hold” and a consensus target price of $26.00.
NASDAQ ZUMZ traded down $0.38 on Monday, hitting $18.88. 410,501 shares of the stock were exchanged, compared to its average volume of 433,531. The firm has a market capitalization of $490.22 million, a price-to-earnings ratio of 17.16, a PEG ratio of 0.91 and a beta of 1.23. Zumiez has a 52-week low of $18.52 and a 52-week high of $32.70.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, December 6th. The apparel and footwear maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.49 by $0.06. The company had revenue of $248.80 million during the quarter, compared to analyst estimates of $248.70 million. Zumiez had a net margin of 3.43% and a return on equity of 9.82%. Zumiez’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. As a group, research analysts anticipate that Zumiez will post 1.69 EPS for the current fiscal year.
In other Zumiez news, insider Chris K. Visser sold 1,934 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $28.08, for a total value of $54,306.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Travis Smith sold 3,193 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $28.85, for a total transaction of $92,118.05. Following the completion of the transaction, the director now owns 17,770 shares of the company’s stock, valued at $512,664.50. The disclosure for this sale can be found here. Insiders own 27.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Zumiez by 9.9% in the third quarter. Vanguard Group Inc. now owns 2,199,058 shares of the apparel and footwear maker’s stock worth $57,945,000 after purchasing an additional 197,221 shares in the last quarter. Morgan Stanley raised its holdings in Zumiez by 26.0% in the third quarter. Morgan Stanley now owns 358,889 shares of the apparel and footwear maker’s stock worth $9,457,000 after purchasing an additional 74,044 shares in the last quarter. Legal & General Group Plc raised its holdings in Zumiez by 10.1% in the third quarter. Legal & General Group Plc now owns 39,815 shares of the apparel and footwear maker’s stock worth $1,051,000 after purchasing an additional 3,639 shares in the last quarter. Teachers Advisors LLC raised its holdings in Zumiez by 10.0% in the third quarter. Teachers Advisors LLC now owns 439,492 shares of the apparel and footwear maker’s stock worth $11,581,000 after purchasing an additional 39,916 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Zumiez by 100.2% in the third quarter. AQR Capital Management LLC now owns 471,511 shares of the apparel and footwear maker’s stock worth $12,425,000 after purchasing an additional 236,007 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.
Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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