Zumiez Inc. (ZUMZ) Raised to Overweight at Piper Jaffray Cos.
Zumiez Inc. (NASDAQ:ZUMZ) was upgraded by Piper Jaffray Cos. from a “neutral” rating to an “overweight” rating in a note issued to investors on Thursday, The Fly reports.
A number of other research analysts have also weighed in 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. William Blair raised shares of Zumiez from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 6th. 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. Mizuho raised their price target on shares of Zumiez from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, October 6th. Finally, SunTrust Banks Inc. raised 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. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $18.07.
Zumiez (NASDAQ:ZUMZ) traded down 2.54% during mid-day trading on Thursday, reaching $21.90. 391,982 shares of the company’s stock were exchanged. Zumiez has a 52-week low of $11.53 and a 52-week high of $23.07. The stock has a market cap of $543.78 million, a price-to-earnings ratio of 28.55 and a beta of 1.56. The company has a 50-day moving average of $17.94 and a 200-day moving average of $16.59.
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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 company had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.35 million. During the same period last year, the firm earned $0.12 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that Zumiez will post $0.72 earnings per share for the current year.
A number of large investors have recently made changes to their positions in ZUMZ. FMR LLC raised its stake in shares of Zumiez by 21.6% in the second quarter. FMR LLC now owns 2,620,069 shares of the apparel and footwear maker’s stock valued at $37,493,000 after buying an additional 465,011 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 valued at $21,185,000 after buying an additional 352,967 shares during the last quarter. Lombardia Capital Partners LLC raised its stake in shares of 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 valued at $15,641,000 after buying an additional 192,039 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Zumiez during the second quarter valued at about $2,851,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Zumiez by 7.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 197,549 shares of the apparel and footwear maker’s stock valued at $2,827,000 after buying an additional 14,078 shares during the last quarter. 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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