Zumiez Inc. (ZUMZ) Rating Increased to Overweight at Piper Jaffray Cos.
Zumiez Inc. (NASDAQ:ZUMZ) was upgraded by research analysts at Piper Jaffray Cos. from a “neutral” rating to an “overweight” rating in a report issued on Thursday, The Fly reports.
ZUMZ has been the topic of several other reports. Mizuho raised their price target on shares of Zumiez from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. SunTrust Banks Inc. raised their price target on shares of Zumiez from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. B. Riley reaffirmed a “neutral” rating and set a $18.00 price target on shares of Zumiez in a research note on Friday, September 9th. Robert W. Baird raised their price target on shares of Zumiez from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, September 9th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $17.00 price target on shares of Zumiez in a research note on Friday, September 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.07.
Shares of Zumiez (NASDAQ:ZUMZ) traded down 2.54% during midday trading on Thursday, reaching $21.90. 389,872 shares of the company traded hands. Zumiez has a 12 month low of $11.53 and a 12 month high of $23.07. The company’s 50 day moving average is $17.94 and its 200-day moving average is $16.59. The stock has a market capitalization of $543.78 million, a price-to-earnings ratio of 28.55 and a beta of 1.56.
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Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ 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 firm earned $178.30 million during the quarter, compared to the consensus estimate of $177.35 million. During the same period last year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts forecast that Zumiez will post $0.72 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in 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. Matarin Capital Management LLC acquired a new stake in Zumiez during the fourth quarter valued at $5,866,000. Dimensional Fund Advisors LP raised its stake in 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. Citadel Advisors LLC acquired a new stake in Zumiez during the second quarter valued at $2,851,000. Finally, Lombardia Capital Partners LLC raised its stake in 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. Hedge funds and other 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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