Zumiez Reaches New 12-Month High at $31.18 (ZUMZ)
Zumiez (NASDAQ:ZUMZ) reached a new 52-week high during trading on Wednesday , American Banking News.com reports. The stock traded as high as $31.18 and last traded at $30.46, with a volume of 48,831 shares trading hands. The stock had previously closed at $30.56.
ZUMZ has been the subject of a number of recent research reports. 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. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $30.00.
The stock’s 50-day moving average is $28.57 and its 200-day moving average is $26.18. The company has a market cap of $890.7 million and a price-to-earnings ratio of 19.86.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly 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 $1.64 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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