Jefferies Group reissued their hold rating on shares of Zumiez (NASDAQ:ZUMZ) in a research report report published on Sunday morning. The firm currently has a $21.00 target price on the apparel and footwear maker’s stock.
Several other equities analysts have also commented on ZUMZ. B. Riley reiterated a buy rating and issued a $18.00 target price on shares of Zumiez in a research note on Wednesday, September 13th. BMO Capital Markets set a $20.00 price target on Zumiez and gave the stock a hold rating in a research note on Friday, December 1st. Robert W. Baird restated a neutral rating and set a $17.00 price target on shares of Zumiez in a research note on Tuesday, October 3rd. BidaskClub upgraded Zumiez from a sell rating to a hold rating in a research note on Friday, August 25th. Finally, Zacks Investment Research upgraded Zumiez from a hold rating to a buy rating and set a $18.00 price target for the company in a research note on Tuesday, September 12th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average price target of $20.00.
Zumiez (NASDAQ ZUMZ) opened at $20.65 on Friday. The company has a market capitalization of $503.78, a price-to-earnings ratio of 19.56, a P/E/G ratio of 1.03 and a beta of 1.39. Zumiez has a 12 month low of $11.43 and a 12 month high of $26.55.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $245.80 million during the quarter, compared to analyst estimates of $244.50 million. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. research analysts expect that Zumiez will post 1.08 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. Eagle Global Advisors LLC acquired a new stake in shares of Zumiez in the second quarter valued at about $124,000. Thrivent Financial For Lutherans acquired a new stake in shares of Zumiez in the second quarter valued at about $130,000. Voya Investment Management LLC acquired a new stake in shares of Zumiez in the second quarter valued at about $142,000. Marshall Wace North America L.P. acquired a new stake in shares of Zumiez in the second quarter valued at about $155,000. Finally, Texas Permanent School Fund grew its stake in shares of Zumiez by 2.1% in the second quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock valued at $159,000 after buying an additional 260 shares in the last quarter. Institutional investors own 74.76% of the company’s stock.
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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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