Zumiez Inc. (ZUMZ) Rating Increased to Buy at B. Riley
Zumiez Inc. (NASDAQ:ZUMZ) was upgraded by investment analysts at B. Riley from a “neutral” rating to a “buy” rating in a research report issued on Thursday. The firm currently has a $25.00 price objective on the apparel and footwear maker’s stock. B. Riley’s target price suggests a potential upside of 14.00% from the company’s current price.
A number of other research analysts have also recently issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and set a $17.00 price target (up from $16.00) on shares of Zumiez in a research report on Tuesday, September 13th. BMO Capital Markets reissued a “market perform” rating and set a $16.00 price target on shares of Zumiez in a research report on Saturday, September 10th. Jefferies Group restated a “hold” rating and set a $17.00 price objective on shares of Zumiez in a research note on Friday, September 9th. Robert W. Baird raised their price objective on shares of Zumiez from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. Finally, SunTrust Banks Inc. raised their price objective on shares of Zumiez from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.13.
Zumiez (NASDAQ:ZUMZ) traded up 3.69% on Thursday, reaching $21.93. 1,295,691 shares of the company’s stock were exchanged. The company has a market cap of $544.52 million, a PE ratio of 28.59 and a beta of 1.56. The firm’s 50 day moving average price is $17.45 and its 200 day moving average price is $16.51. Zumiez has a 52-week low of $11.53 and a 52-week high of $22.54.
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Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) 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 company earned $178.30 million during the quarter, compared to analysts’ expectations of $177.35 million. During the same period last year, the company posted $0.12 EPS. Zumiez’s revenue was down .8% on a year-over-year basis. On average, analysts expect that Zumiez will post $0.72 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of Zumiez during the second quarter valued at about $115,000. Jefferies Group LLC purchased a new position in shares of Zumiez during the second quarter valued at $153,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Zumiez during the second quarter valued at $168,000. Arizona State Retirement System purchased a new position in shares of Zumiez during the first quarter valued at $204,000. Finally, KCG Holdings Inc. purchased a new position in shares of Zumiez during the second quarter valued at $269,000. Institutional investors own 84.11% of the company’s stock.
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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