Jefferies Group LLC Analysts Give Zumiez Inc. (ZUMZ) a $15.00 Price Target

Jefferies Group LLC set a $15.00 price target on Zumiez Inc. (NASDAQ:ZUMZ) in a research report report published on Thursday. The brokerage currently has a hold rating on the apparel and footwear maker’s stock.

Several other equities analysts also recently commented on ZUMZ. BMO Capital Markets set a $16.00 target price on Zumiez and gave the stock a hold rating in a research report on Thursday, July 6th. BidaskClub upgraded Zumiez from a strong sell rating to a sell rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Zumiez from a strong sell rating to a hold rating in a research report on Tuesday, August 1st. B. Riley upgraded Zumiez from a neutral rating to a buy rating and raised their target price for the stock from $17.00 to $18.00 in a research report on Friday, September 8th. Finally, Robert W. Baird restated a hold rating and set a $17.00 target price on shares of Zumiez in a research report on Friday, September 8th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $19.80.

Shares of Zumiez (NASDAQ ZUMZ) opened at 18.35 on Thursday. The firm has a 50-day moving average price of $15.38 and a 200-day moving average price of $14.80. Zumiez has a 12-month low of $11.43 and a 12-month high of $26.55. The firm has a market cap of $462.97 million, a P/E ratio of 19.13 and a beta of 1.38.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The business had revenue of $192.20 million during the quarter, compared to the consensus estimate of $192.12 million. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. Zumiez’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) EPS. On average, equities research analysts expect that Zumiez will post $1.05 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Jefferies Group LLC Analysts Give Zumiez Inc. (ZUMZ) a $15.00 Price Target” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/08/jefferies-group-llc-analysts-give-zumiez-inc-zumz-a-15-00-price-target.html.

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in Zumiez by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 132,464 shares of the apparel and footwear maker’s stock valued at $2,424,000 after purchasing an additional 4,655 shares in the last quarter. Prudential Financial Inc. increased its holdings in Zumiez by 2.5% during the 1st quarter. Prudential Financial Inc. now owns 58,226 shares of the apparel and footwear maker’s stock valued at $1,066,000 after purchasing an additional 1,421 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Zumiez during the 2nd quarter valued at $916,000. Invictus RG acquired a new stake in Zumiez during the 1st quarter valued at $163,000. Finally, State of Tennessee Treasury Department increased its holdings in Zumiez by 7.3% during the 1st quarter. State of Tennessee Tre

Several other equities analysts also recently commented on ZUMZ. BMO Capital Markets set a $16.00 target price on Zumiez and gave the stock a hold rating in a research report on Thursday, July 6th. BidaskClub upgraded Zumiez from a strong sell rating to a sell rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Zumiez from a strong sell rating to a hold rating in a research report on Tuesday, August 1st. B. Riley upgraded Zumiez from a neutral rating to a buy rating and raised their target price for the stock from $17.00 to $18.00 in a research report on Friday, September 8th. Finally, Robert W. Baird restated a hold rating and set a $17.00 target price on shares of Zumiez in a research report on Friday, September 8th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $19.80.

Shares of Zumiez (NASDAQ ZUMZ) opened at 18.35 on Thursday. The firm has a 50-day moving average price of $15.38 and a 200-day moving average price of $14.80. Zumiez has a 12-month low of $11.43 and a 12-month high of $26.55. The firm has a market cap of $462.97 million, a P/E ratio of 19.13 and a beta of 1.38.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The business had revenue of $192.20 million during the quarter, compared to the consensus estimate of $192.12 million. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. Zumiez’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) EPS. On average, equities research analysts expect that Zumiez will post $1.05 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Jefferies Group LLC Analysts Give Zumiez Inc. (ZUMZ) a $15.00 Price Target” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/08/jefferies-group-llc-analysts-give-zumiez-inc-zumz-a-15-00-price-target.html.

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in Zumiez by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 132,464 shares of the apparel and footwear maker’s stock valued at $2,424,000 after purchasing an additional 4,655 shares in the last quarter. Prudential Financial Inc. increased its holdings in Zumiez by 2.5% during the 1st quarter. Prudential Financial Inc. now owns 58,226 shares of the apparel and footwear maker’s stock valued at $1,066,000 after purchasing an additional 1,421 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Zumiez during the 2nd quarter valued at $916,000. Invictus RG acquired a new stake in Zumiez during the 1st quarter valued at $163,000. Finally, State of Tennessee Treasury Department increased its holdings in Zumiez by 7.3% during the 1st quarter. State of Tennessee Treasury Department now owns 16,441 shares of the apparel and footwear maker’s stock valued at $301,000 after purchasing an additional 1,123 shares in the last quarter. 80.97% of the stock is owned by hedge funds and other institutional investors.

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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