Zumiez Inc. (NASDAQ:ZUMZ) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $20.25.
Several analysts recently issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 target price on shares of Zumiez in a report on Monday, May 15th. Zacks Investment Research upgraded Zumiez from a “sell” rating to a “hold” rating in a report on Friday, May 12th. BMO Capital Markets reiterated a “hold” rating and set a $19.00 target price on shares of Zumiez in a report on Thursday, April 27th. Finally, ValuEngine lowered Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
TRADEMARK VIOLATION WARNING: “Brokerages Set Zumiez Inc. (NASDAQ:ZUMZ) Target Price at $20.25” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.chaffeybreeze.com/2017/07/29/zumiez-inc-nasdaqzumz-given-average-rating-of-hold-by-brokerages-updated-updated-updated.html.
Several institutional investors have recently made changes to their positions in ZUMZ. Pacad Investment Ltd. acquired a new stake in shares of Zumiez during the fourth quarter valued at about $114,000. First Mercantile Trust Co. increased its stake in shares of Zumiez by 44.1% in the first quarter. First Mercantile Trust Co. now owns 8,865 shares of the apparel and footwear maker’s stock valued at $162,000 after buying an additional 2,715 shares in the last quarter. Invictus RG acquired a new stake in shares of Zumiez during the first quarter valued at about $163,000. Thrivent Financial for Lutherans acquired a new stake in shares of Zumiez during the fourth quarter valued at about $206,000. Finally, Eagle Global Advisors LLC acquired a new stake in shares of Zumiez during the second quarter valued at about $124,000. Institutional investors own 85.11% of the company’s stock.
Shares of Zumiez (NASDAQ:ZUMZ) traded down 3.13% on Tuesday, hitting $12.40. The company had a trading volume of 243,270 shares. The firm has a market capitalization of $312.44 million, a P/E ratio of 13.07 and a beta of 1.21. Zumiez has a 12-month low of $11.60 and a 12-month high of $26.55. The firm has a 50 day moving average of $12.47 and a 200-day moving average of $16.60.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.02. The company had revenue of $181.20 million during the quarter, compared to analysts’ expectations of $179.35 million. Zumiez had a return on equity of 7.98% and a net margin of 2.79%. Zumiez’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) earnings per share. On average, equities analysts predict that Zumiez will post $0.94 EPS for the current year.
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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