Zumiez’s (ZUMZ) Hold Rating Reiterated at Jefferies Group LLC
Zumiez Inc. (NASDAQ:ZUMZ)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group LLC in a research note issued on Monday, StockTargetPrices.com reports. They presently have a $19.00 target price on the apparel and footwear maker’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 16.92% from the stock’s previous close.
ZUMZ has been the subject of several other reports. Zacks Investment Research lowered shares of Zumiez from a “buy” rating to a “hold” rating in a report on Tuesday, March 7th. Wedbush restated a “neutral” rating and issued a $16.00 price objective (down from $21.00) on shares of Zumiez in a report on Friday, March 10th. Wolfe Research lowered their price objective on shares of Zumiez from $23.00 to $21.00 and set a “peer perform” rating for the company in a report on Monday, March 13th. B. Riley restated a “neutral” rating and issued a $21.50 price objective on shares of Zumiez in a report on Saturday, March 11th. Finally, BMO Capital Markets restated a “hold” rating and issued a $19.00 price objective on shares of Zumiez in a report on Thursday, April 27th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.38.
Shares of Zumiez (NASDAQ:ZUMZ) traded down 0.15% on Monday, hitting $16.25. The stock had a trading volume of 390,091 shares. The firm has a 50 day moving average of $17.44 and a 200-day moving average of $20.53. The firm has a market capitalization of $405.32 million, a price-to-earnings ratio of 15.63 and a beta of 1.17. Zumiez has a 1-year low of $13.50 and a 1-year high of $26.55.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, March 9th. The apparel and footwear maker reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. The company had revenue of $263.60 million during the quarter, compared to analyst estimates of $261.60 million. Zumiez had a net margin of 2.56% and a return on equity of 7.64%. Zumiez’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Equities analysts predict that Zumiez will post $1.01 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Matarin Capital Management LLC acquired a new position in shares of Zumiez during the third quarter worth $7,450,000. Hood River Capital Management LLC increased its position in shares of Zumiez by 107.8% in the first quarter. Hood River Capital Management LLC now owns 743,383 shares of the apparel and footwear maker’s stock worth $13,604,000 after buying an additional 385,587 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Zumiez by 19.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,822,924 shares of the apparel and footwear maker’s stock worth $39,831,000 after buying an additional 294,042 shares in the last quarter. Mitra Capital LLC acquired a new position in shares of Zumiez during the fourth quarter worth $5,245,000. Finally, Teachers Advisors LLC increased its position in shares of Zumiez by 594.9% in the fourth quarter. Teachers Advisors LLC now owns 221,731 shares of the apparel and footwear maker’s stock worth $4,845,000 after buying an additional 189,821 shares in the last quarter. 85.19% of the stock is owned by institutional investors and hedge funds.
Zumiez Company Profile
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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