Zumiez Inc. (NASDAQ:ZUMZ) shares fell 2.7% on Tuesday . The stock traded as low as $16.82 and last traded at $16.85, with a volume of 83,547 shares changing hands. The stock had previously closed at $17.32.

Several research firms have recently weighed in on ZUMZ. B. Riley reissued a “neutral” rating and set a $16.00 price objective on shares of Zumiez in a report on Friday, June 3rd. Wedbush reissued a “hold” rating on shares of Zumiez in a report on Saturday, June 4th. Mizuho boosted their price objective on shares of Zumiez from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Credit Suisse Group AG reissued a “hold” rating and set a $12.00 price objective on shares of Zumiez in a report on Friday, June 3rd. Finally, Wolfe Research decreased their price objective on shares of Zumiez from $14.00 to $11.00 and set an “underperform” rating for the company in a report on Tuesday, May 31st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. Zumiez currently has a consensus rating of “Hold” and a consensus price target of $16.80.

The stock has a 50 day moving average price of $16.81 and a 200 day moving average price of $16.63. The stock has a market capitalization of $417.64 million, a PE ratio of 21.93 and a beta of 1.49.

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Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The business had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.35 million. During the same period last year, the business earned $0.12 EPS. The company’s revenue was down .8% compared to the same quarter last year. Equities analysts anticipate that Zumiez Inc. will post $0.71 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Zumiez by 21.6% in the second quarter. FMR LLC now owns 2,620,069 shares of the apparel and footwear maker’s stock worth $37,493,000 after buying an additional 465,011 shares during the period. Dimensional Fund Advisors LP boosted its stake in Zumiez by 31.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,480,468 shares of the apparel and footwear maker’s stock worth $21,185,000 after buying an additional 352,967 shares during the period. Lombardia Capital Partners LLC boosted its stake in Zumiez by 21.3% in the second quarter. Lombardia Capital Partners LLC now owns 1,093,013 shares of the apparel and footwear maker’s stock worth $15,641,000 after buying an additional 192,039 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in Zumiez by 0.3% in the first quarter. Disciplined Growth Investors Inc. MN now owns 246,350 shares of the apparel and footwear maker’s stock worth $4,907,000 after buying an additional 650 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Zumiez during the second quarter worth approximately $2,851,000. Institutional investors own 83.04% of the company’s stock.

About Zumiez

Zumiez Inc is a specialty retailer of apparel, footwear, accessories and hardgoods for men and women. The Company operates under the names Zumiez and Blue Tomato. Additionally, the Company operates e-commerce Websites at www.zumiez.com and www.blue-tomato.com. Its product categories are men’s apparel, accessories, footwear, hardgoods and junior’s apparel.

5 Day Chart for NASDAQ:ZUMZ

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