Zumiez Inc. (ZUMZ) Sets New 1-Year High After Analyst Upgrade
Zumiez Inc. (NASDAQ:ZUMZ) reached a new 52-week high during mid-day trading on Friday after Stifel Nicolaus raised their price target on the stock to $18.00. Stifel Nicolaus currently has a hold rating on the stock. Zumiez traded as high as $22.54 and last traded at $21.79, with a volume of 927,095 shares changing hands. The stock had previously closed at $21.15.
ZUMZ has been the topic of several other research reports. BMO Capital Markets reiterated a “market perform” rating and set a $16.00 price objective on shares of Zumiez in a research report on Saturday, September 10th. Robert W. Baird lifted their price objective on shares of Zumiez from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Mizuho lifted their price objective on shares of Zumiez from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Jefferies Group reissued a “hold” rating and issued a $17.00 target price on shares of Zumiez in a report on Friday, September 9th. Finally, William Blair raised shares of Zumiez from a “market perform” rating to an “outperform” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $17.93.
Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in Zumiez during the second quarter valued at $115,000. Jefferies Group LLC acquired a new stake in Zumiez during the second quarter valued at $153,000. Quantitative Systematic Strategies LLC acquired a new stake in Zumiez during the second quarter valued at $168,000. Arizona State Retirement System acquired a new stake in Zumiez during the first quarter valued at $204,000. Finally, KCG Holdings Inc. acquired a new stake in Zumiez during the second quarter valued at $269,000. Institutional investors and hedge funds own 84.11% of the company’s stock.
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The firm has a 50 day moving average of $17.29 and a 200-day moving average of $16.50. The firm has a market capitalization of $541.91 million, a price-to-earnings ratio of 28.455 and a beta of 1.56.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, September 8th. The apparel and footwear maker reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. The firm earned $178.30 million during the quarter, compared to the consensus estimate of $177.35 million. During the same period in the prior year, the company earned $0.12 EPS. The firm’s revenue was down .8% compared to the same quarter last year. Analysts predict that Zumiez Inc. will post $0.72 EPS for the current year.
Zumiez Company Profile
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.
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