Zumiez Inc. (ZUMZ) Stock Price Down 2.7%
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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/zumiez-inc-zumz-stock-price-down-2-7.html
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.
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.
Receive News & Ratings for Zumiez Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez Inc. and related companies with MarketBeat.com's FREE daily email newsletter.