Susquehanna Increases Zumiez Price Target to $32.00 (ZUMZ)
Stock analysts at Susquehanna hoisted their price target on shares of Zumiez (NASDAQ:ZUMZ) from $28.00 to $32.00 in a report issued on Friday. The firm currently has a “neutral” rating on the stock. Susquehanna’s target price points to a potential upside of 6.35% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Zumiez from $25.00 to $28.00 in a research note on Thursday, July 10th. They now have a “hold” rating on the stock. Separately, analysts at CRT Capital raised their price target on shares of Zumiez from $30.00 to $31.00 in a research note on Thursday, July 10th. They now have a “fair value” rating on the stock. Finally, analysts at DA Davidson raised their price target on shares of Zumiez from $35.00 to $36.00 in a research note on Thursday, July 10th. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Zumiez currently has an average rating of “Buy” and an average price target of $30.00.
Shares of Zumiez (NASDAQ:ZUMZ) traded up 2.63% on Friday, hitting $30.09. The stock had a trading volume of 277,267 shares. Zumiez has a one year low of $20.68 and a one year high of $30.90. The stock has a 50-day moving average of $27.98 and a 200-day moving average of $25.70. The company has a market cap of $873.9 million and a price-to-earnings ratio of 19.05.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts expect that Zumiez will post $1.64 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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