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Equities researchers at Wedbush increased their target price on shares of Zumiez (NASDAQ:ZUMZ) from $23.00 to $27.00 in a research report issued on Friday, Stock Ratings Network reports. Wedbush’s price objective indicates a potential downside of 4.53% from the company’s current price.

Zumiez (NASDAQ:ZUMZ) traded up 2.69% on Friday, hitting $28.28. The stock had a trading volume of 405,054 shares. Zumiez has a 52-week low of $20.68 and a 52-week high of $33.50. The stock’s 50-day moving average is $24.90 and its 200-day moving average is $25.26. The company has a market cap of $823.9 million and a P/E ratio of 18.12.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.27. The company had revenue of $226.80 million for the quarter, compared to the consensus estimate of $226.16 million. During the same quarter last year, the company posted $0.75 earnings per share. Zumiez’s revenue was up 1.1% compared to the same quarter last year. Analysts expect that Zumiez will post $1.54 EPS for the current fiscal year.

ZUMZ has been the subject of a number of other recent research reports. Analysts at Mizuho raised their price target on shares of Zumiez from $24.00 to $26.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Piper Jaffray upgraded shares of Zumiez from a “neutral” rating to an “overweight” rating in a research note on Monday, May 5th. They now have a $30.00 price target on the stock, up previously from $27.00. Finally, analysts at Zacks upgraded shares of Zumiez from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 17th. They now have a $26.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Zumiez currently has an average rating of “Buy” and a consensus price target of $28.87.

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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