Zumiez Inc. (ZUMZ) Given a $15.00 Price Target by Jefferies Group LLC Analysts
Zumiez Inc. (NASDAQ:ZUMZ) received a $15.00 target price from stock analysts at Jefferies Group LLC in a note issued to investors on Thursday. The firm currently has a “hold” rating on the apparel and footwear maker’s stock. Jefferies Group LLC’s price target indicates a potential upside of 21.46% from the company’s previous close.
A number of other analysts have also recently commented on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $19.00 price target on shares of Zumiez in a research note on Thursday, April 27th. Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, March 8th. Wedbush reiterated a “neutral” rating and issued a $16.00 price target (down previously from $21.00) on shares of Zumiez in a research note on Friday, March 10th. ValuEngine cut shares of Zumiez from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Wolfe Research cut their price target on shares of Zumiez from $23.00 to $21.00 and set a “peer perform” rating for the company in a research note on Monday, March 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Zumiez has a consensus rating of “Hold” and an average price target of $20.50.
Zumiez (NASDAQ:ZUMZ) traded up 1.417% during midday trading on Thursday, hitting $12.525. 220,608 shares of the company traded hands. The firm has a market capitalization of $315.59 million, a PE ratio of 13.198 and a beta of 1.21. The stock’s 50-day moving average is $13.70 and its 200-day moving average is $18.02. Zumiez has a 12-month low of $11.60 and a 12-month high of $26.55.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.02. The business had revenue of $181.20 million during the quarter, compared to the consensus estimate of $179.35 million. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.08) earnings per share. Analysts anticipate that Zumiez will post $0.92 EPS for the current fiscal year.
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Hedge funds have recently bought and sold shares of the company. USA Financial Portformulas Corp bought a new stake in Zumiez during the fourth quarter worth about $418,000. Norges Bank bought a new stake in Zumiez during the fourth quarter worth about $1,616,000. Numeric Investors LLC bought a new stake in Zumiez during the fourth quarter worth about $1,449,000. Thrivent Financial for Lutherans bought a new stake in Zumiez during the fourth quarter worth about $206,000. Finally, Tudor Investment Corp Et Al bought a new stake in Zumiez during the fourth quarter worth about $304,000. Institutional investors own 85.11% of the company’s stock.
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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