Zumiez Inc. (ZUMZ) Stock Rating Reaffirmed by Robert W. Baird
Zumiez Inc. (NASDAQ:ZUMZ)‘s stock had its “neutral” rating restated by investment analysts at Robert W. Baird in a note issued to investors on Saturday. They presently have a $22.00 target price on the apparel and footwear maker’s stock, up from their prior target price of $19.00. Robert W. Baird’s price objective points to a potential upside of 0.32% from the stock’s current price.
Several other research analysts have also recently weighed in on ZUMZ. Mizuho boosted their price target 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. SunTrust Banks Inc. boosted their price target on shares of Zumiez from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. B. Riley reissued a “neutral” rating and set a $18.00 price target on shares of Zumiez in a research report on Friday, September 9th. Jefferies Group restated a “hold” rating and issued a $17.00 price objective on shares of Zumiez in a report on Friday, September 9th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $16.00 price objective on shares of Zumiez in a report on Saturday, September 10th. Two 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. The stock presently has an average rating of “Hold” and a consensus price target of $18.13.
Zumiez (NASDAQ:ZUMZ) opened at 21.93 on Friday. The firm’s 50-day moving average is $17.45 and its 200 day moving average is $16.51. Zumiez has a one year low of $11.53 and a one year high of $22.54. The company has a market capitalization of $544.52 million, a PE ratio of 28.59 and a beta of 1.56.
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/2016/10/08/zumiez-inc-zumz-stock-rating-reaffirmed-by-robert-w-baird.html
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.05. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The company had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.35 million. During the same quarter in the previous year, the company posted $0.12 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, equities analysts expect that Zumiez will post $0.72 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new position in shares of Zumiez during the second quarter worth approximately $115,000. Jefferies Group LLC bought a new position in shares of Zumiez during the second quarter worth approximately $153,000. Quantitative Systematic Strategies LLC bought a new position in shares of Zumiez during the second quarter worth approximately $168,000. KCG Holdings Inc. bought a new position in shares of Zumiez during the second quarter worth approximately $269,000. Finally, Adams Diversified Equity Fund Inc. bought a new position in shares of Zumiez during the second quarter worth approximately $325,000. 84.11% of the stock is owned by institutional investors and hedge funds.
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.
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.