Zumiez Given Consensus Rating of “Buy” by Analysts (NASDAQ:ZUMZ)
Zumiez (NASDAQ:ZUMZ) has been given a consensus recommendation of “Buy” by the eighteen brokerages that are currently covering the stock, Analyst RN reports. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $28.93.
In other Zumiez news, VP Ford Wright sold 5,000 shares of Zumiez stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $26.70, for a total value of $133,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Zumiez (NASDAQ:ZUMZ) opened at 28.23 on Wednesday. Zumiez has a one year low of $20.68 and a one year high of $31.31. The stock’s 50-day moving average is $27.8 and its 200-day moving average is $25.09. The company has a market cap of $819.9 million and a P/E ratio of 18.34.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, May 22nd. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.04. The company had revenue of $162.90 million for the quarter, compared to the consensus estimate of $159.21 million. During the same quarter last year, the company posted $0.13 earnings per share. Zumiez’s revenue was up 9.7% compared to the same quarter last year. Analysts expect that Zumiez will post $1.60 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Zumiez in a research note on Wednesday, June 25th. They now have a $29.00 price target on the stock. Separately, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Zumiez in a research note on Thursday, June 5th. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Zumiez in a research note on Friday, May 23rd. They now have a $32.00 price target on the stock, up previously from $31.00.
Zumiez Inc (NASDAQ:ZUMZ) is a specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.