Zumiez Given Average Rating of “Buy” by Brokerages (NASDAQ:ZUMZ)
Zumiez (NASDAQ:ZUMZ) has been given an average rating of “Buy” by the sixteen brokerages that are currently covering the company, Analyst Ratings Network.com reports. Six research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $30.00.
A number of analysts have recently weighed in on ZUMZ shares. Analysts at Susquehanna raised their price target on shares of Zumiez from $28.00 to $32.00 in a research note on Friday, August 8th. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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.
Zumiez (NASDAQ:ZUMZ) opened at 29.12 on Thursday. Zumiez has a 1-year low of $20.68 and a 1-year high of $30.90. The stock has a 50-day moving average of $28.43 and a 200-day moving average of $25.99. The company has a market cap of $845.7 million and a P/E ratio of 19.01.
Zumiez (NASDAQ:ZUMZ) last announced its 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. On average, analysts predict that Zumiez will post $1.64 earnings per share 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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