Zumiez’s (ZUMZ) “Neutral” Rating Reaffirmed at Robert W. Baird
Zumiez Inc. (NASDAQ:ZUMZ)‘s stock had its “neutral” rating reiterated by analysts at Robert W. Baird in a research note issued to investors on Saturday. They presently have a $22.00 price target on the apparel and footwear maker’s stock, up from their prior price target of $19.00. Robert W. Baird’s target price points to a potential upside of 0.32% from the company’s previous close.
ZUMZ has been the subject of a number of other reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 price objective (up from $16.00) on shares of Zumiez in a research note on Tuesday, September 13th. Mizuho lifted their price objective on Zumiez from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and set a $16.00 price objective on shares of Zumiez in a research note on Saturday, September 10th. William Blair raised Zumiez from a “market perform” rating to an “outperform” rating in a research note on Thursday. Finally, SunTrust Banks Inc. lifted their price objective on Zumiez from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.13.
Shares of Zumiez (NASDAQ:ZUMZ) opened at 21.93 on Friday. The stock has a market capitalization of $544.52 million, a P/E ratio of 28.59 and a beta of 1.56. Zumiez has a 1-year low of $11.53 and a 1-year high of $22.54. The stock’s 50 day moving average price is $17.45 and its 200-day moving average price is $16.51.
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Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, September 8th. The apparel and footwear maker reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. The business earned $178.30 million during the quarter, compared to analysts’ expectations of $177.35 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts anticipate that Zumiez will post $0.72 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in Zumiez during the second quarter valued at about $115,000. Jefferies Group LLC bought a new stake in Zumiez during the second quarter valued at about $153,000. Quantitative Systematic Strategies LLC bought a new stake in Zumiez during the second quarter valued at about $168,000. KCG Holdings Inc. bought a new stake in Zumiez during the second quarter valued at about $269,000. Finally, Adams Diversified Equity Fund Inc. bought a new stake in Zumiez during the second quarter valued at about $325,000. Institutional investors and hedge funds own 84.11% 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.
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