Zumiez Rating Increased to Buy at TheStreet (ZUMZ)
Zumiez (NASDAQ:ZUMZ) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, American Banking & Market News reports.
The analysts wrote, “Zumiez (ZUMZ) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, robust revenue growth, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Zumiez (NASDAQ:ZUMZ) traded down 0.48% during mid-day trading on Tuesday, hitting $29.06. 125,881 shares of the company’s stock traded hands. Zumiez has a 52-week low of $17.93 and a 52-week high of $33.50. The stock has a 50-day moving average of $27.40 and a 200-day moving average of $27.78. The company has a market cap of $879.0 million and a P/E ratio of 20.89.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.01. The company had revenue of $157.90 million for the quarter, compared to the consensus estimate of $157.81 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, analysts predict that Zumiez will post $1.58 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ZUMZ. Analysts at Zacks downgraded shares of Zumiez from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, October 17th. They now have a $26.00 price target on the stock. Finally, analysts at Susquehanna cut their price target on shares of Zumiez from $33.00 to $31.00 in a research note to investors on Monday, September 9th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $29.43.
Zumiez Inc (NASDAQ:ZUMZ) is a specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name.
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