Jefferies Group LLC set a $15.00 target price on Zumiez Inc. (NASDAQ:ZUMZ) in a report published on Thursday, July 6th. The brokerage currently has a hold rating on the apparel and footwear maker’s stock.
Several other research firms have also weighed in on ZUMZ. Wolfe Research dropped their price target on Zumiez from $23.00 to $21.00 and set a peer perform rating on the stock in a research report on Monday, March 13th. Zacks Investment Research raised Zumiez from a hold rating to a buy rating and set a $23.00 price target on the stock in a research report on Wednesday, March 8th. BMO Capital Markets reissued a market perform rating and set a $16.00 price target (down from $19.00) on shares of Zumiez in a research report on Monday, June 5th. ValuEngine lowered Zumiez from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, B. Riley restated a neutral rating and issued a $21.50 target price on shares of Zumiez in a research note on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $20.85.
Shares of Zumiez (ZUMZ) traded up 0.39% during mid-day trading on Thursday, reaching $12.85. The company’s stock had a trading volume of 152,611 shares. The firm’s 50 day moving average is $12.44 and its 200-day moving average is $16.46. Zumiez has a 52-week low of $11.60 and a 52-week high of $26.55. The company has a market capitalization of $323.78 million, a PE ratio of 13.54 and a beta of 1.22.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.02. The firm had revenue of $181.20 million for the quarter, compared to analyst estimates of $179.35 million. Zumiez had a return on equity of 7.98% and a net margin of 2.79%. Zumiez’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) earnings per share. Analysts forecast that Zumiez will post $0.94 EPS for the current year.
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Several hedge funds have recently added to or reduced their stakes in the company. Pacad Investment Ltd. bought a new stake in Zumiez during the fourth quarter valued at about $114,000. Eagle Global Advisors LLC bought a new stake in Zumiez during the second quarter valued at about $124,000. Marshall Wace North America L.P. bought a new stake in Zumiez during the second quarter valued at about $155,000. Texas Permanent School Fund increased its stake in 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 during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Zumiez by 29.1% in the second quarter. BNP Paribas Arbitrage SA now owns 13,016 shares of the apparel and footwear maker’s stock valued at $161,000 after buying an additional 2,934 shares during the period. Institutional investors own 85.12% of the company’s stock.
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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