Zumiez Stock Price Up 7.5% Following Analyst Upgrade (ZUMZ)
Zumiez (NASDAQ:ZUMZ) shares rose 7.5% during trading on Thursday after CRT Capital raised their price target on the stock from $30.00 to $31.00, AnalystRatingsNetwork.com reports. CRT Capital currently has a fair value rating on the stock. Zumiez traded as high as $30.75 and last traded at $30.10, with a volume of 535,962 shares changing hands. The stock had previously closed at $28.00.
Several other analysts have also recently commented on the stock. Analysts at DA Davidson raised their price target on shares of Zumiez from $35.00 to $36.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Piper Jaffray raised their price target on shares of Zumiez to $31.00 in a research note on Thursday. Finally, analysts at Mizuho raised their price target on shares of Zumiez from $27.00 to $30.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Zumiez presently has an average rating of “Hold” and an average price target of $29.87.
The stock has a 50-day moving average of $27.95 and a 200-day moving average of $25.21. The company has a market cap of $875.0 million and a P/E ratio of 18.19.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, May 22nd. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that Zumiez will post $1.62 EPS for the current fiscal year.
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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