Zumiez Receives “Neutral” Rating from SunTrust (ZUMZ)
Zumiez (NASDAQ:ZUMZ)‘s stock had its “neutral” rating reiterated by research analysts at SunTrust in a report released on Friday. They currently have a $31.00 price objective on the stock. SunTrust’s price target points to a potential downside of 4.35% from the stock’s previous close.
A number of other firms have also recently commented on ZUMZ. 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. Separately, 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. Finally, 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. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $30.07.
Zumiez (NASDAQ:ZUMZ) opened at 32.41 on Friday. Zumiez has a one year low of $20.68 and a one year 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 $941.3 million and a price-to-earnings ratio of 20.98.
Zumiez (NASDAQ:ZUMZ) last released its earnings data on Thursday, September 4th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the 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. 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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