A number of other research firms have also weighed in on ZUMZ. Wolfe Research cut their target price on shares of Zumiez from $23.00 to $21.00 and set a peer perform rating for the company in a report on Monday, March 13th. Zacks Investment Research raised shares of Zumiez from a hold rating to a buy rating and set a $23.00 target price for the company in a report on Wednesday, March 8th. BMO Capital Markets reissued a market perform rating and issued a $16.00 target price (down from $19.00) on shares of Zumiez in a report on Monday, June 5th. ValuEngine lowered shares of Zumiez from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, B. Riley reissued a neutral rating and issued a $21.50 target price on shares of Zumiez in a report on Thursday, March 16th. One 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’s stock. The company has a consensus rating of Hold and an average target price of $20.50.
Shares of Zumiez (ZUMZ) opened at 12.27 on Thursday. The company has a market capitalization of $309.29 million, a PE ratio of 12.93 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’s 50-day moving average is $13.70 and its 200 day moving average is $18.02.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share (EPS) 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 analysts’ expectations of $179.35 million. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.08) earnings per share. Equities research analysts predict that Zumiez will post $0.94 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. USA Financial Portformulas Corp purchased a new position in Zumiez during the fourth quarter valued at approximately $418,000. Norges Bank purchased a new position in Zumiez during the fourth quarter valued at approximately $1,616,000. Numeric Investors LLC purchased a new position in Zumiez during the fourth quarter valued at approximately $1,449,000. Thrivent Financial for Lutherans purchased a new position in Zumiez during the fourth quarter valued at approximately $206,000. Finally, Tudor Investment Corp Et Al purchased a new position in Zumiez during the fourth quarter valued at approximately $304,000. 85.11% of the stock is owned by institutional investors.
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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