Zumiez (ZUMZ) Receives Hold Rating from Robert W. Baird

Robert W. Baird reaffirmed their hold rating on shares of Zumiez (NASDAQ:ZUMZ) in a research note published on Thursday. The firm currently has a $28.00 price target on the apparel and footwear maker’s stock.

A number of other research firms have also recently weighed in on ZUMZ. BidaskClub raised shares of Zumiez from a hold rating to a buy rating in a research note on Tuesday, March 20th. TheStreet raised shares of Zumiez from a c+ rating to a b- rating in a research note on Tuesday, March 20th. Zacks Investment Research cut shares of Zumiez from a buy rating to a hold rating in a research note on Wednesday, March 7th. William Blair reaffirmed a buy rating on shares of Zumiez in a research note on Thursday, January 4th. Finally, B. Riley reaffirmed a buy rating on shares of Zumiez in a research note on Friday, March 16th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $24.20.

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Shares of Zumiez stock opened at $24.25 on Thursday. The firm has a market cap of $627.45, a price-to-earnings ratio of 22.05, a PEG ratio of 0.89 and a beta of 1.11. Zumiez has a one year low of $11.43 and a one year high of $26.30.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, March 15th. The apparel and footwear maker reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.08). The firm had revenue of $308.20 million for the quarter, compared to analysts’ expectations of $301.75 million. Zumiez had a return on equity of 8.38% and a net margin of 2.89%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. sell-side analysts expect that Zumiez will post 1.55 earnings per share for the current year.

In other news, Director Thomas D. Campion sold 35,459 shares of the company’s stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $25.07, for a total transaction of $888,957.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 258,797 shares of company stock worth $6,484,643. Corporate insiders own 27.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of ZUMZ. Spark Investment Management LLC acquired a new stake in Zumiez in the 4th quarter valued at about $8,684,000. Thrivent Financial For Lutherans grew its stake in Zumiez by 3,544.2% in the 4th quarter. Thrivent Financial For Lutherans now owns 404,143 shares of the apparel and footwear maker’s stock valued at $8,416,000 after acquiring an additional 393,053 shares during the last quarter. BlackRock Inc. grew its stake in Zumiez by 11.5% in the 4th quarter. BlackRock Inc. now owns 2,619,976 shares of the apparel and footwear maker’s stock valued at $54,562,000 after acquiring an additional 269,913 shares during the last quarter. Divisar Capital Management LLC acquired a new stake in Zumiez in the 4th quarter valued at about $5,415,000. Finally, Acadian Asset Management LLC grew its stake in Zumiez by 238.8% in the 4th quarter. Acadian Asset Management LLC now owns 193,686 shares of the apparel and footwear maker’s stock valued at $4,033,000 after acquiring an additional 136,513 shares during the last quarter. 71.94% of the stock is currently owned by hedge funds and other institutional investors.

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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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