Zumiez Given “Neutral” Rating at Credit Suisse (ZUMZ)
Zumiez (NASDAQ:ZUMZ)‘s stock had its “neutral” rating reaffirmed by Credit Suisse in a research note issued on Friday. They currently have a $30.00 price objective on the stock, up from their previous price objective of $29.00. Credit Suisse’s target price points to a potential downside of 7.44% from the stock’s previous close.
Zumiez (NASDAQ:ZUMZ) traded down 10.12% during mid-day trading on Friday, hitting $29.13. The stock had a trading volume of 544,499 shares. Zumiez has a 52-week low of $20.68 and a 52-week high of $33.64. The stock has a 50-day moving average of $29.8 and a 200-day moving average of $27.00. The company has a market cap of $846.0 million and a P/E ratio of 21.06.
Zumiez (NASDAQ:ZUMZ) last released its earnings data on Thursday, September 4th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.03. The company had revenue of $176.70 million for the quarter. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts expect that Zumiez will post $1.65 EPS for the current fiscal year.
ZUMZ has been the subject of a number of other recent research reports. Analysts at SunTrust reiterated a “neutral” rating on shares of Zumiez in a research note on Friday. They now have a $31.00 price target on the stock. Separately, analysts at Piper Jaffray downgraded shares of Zumiez from an “overweight” rating to a “neutral” rating in a research note on Friday. They now have a $31.00 price target on the stock. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $30.07.
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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