Zumiez Inc. (NASDAQ:ZUMZ) was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat reports. The brokerage presently has a $18.00 price objective on the apparel and footwear maker’s stock, up from their prior price objective of $17.00. B. Riley’s price target points to a potential upside of 10.43% from the company’s current price. B. Riley also issued estimates for Zumiez’s Q2 2018 earnings at ($0.06) EPS.

A number of other analysts have also issued reports on ZUMZ. Jefferies Group LLC set a $15.00 price target on shares of Zumiez and gave the stock a “hold” rating in a research note on Saturday, June 3rd. BMO Capital Markets set a $16.00 target price on shares of Zumiez and gave the company a “hold” rating in a research note on Tuesday, August 8th. BidaskClub upgraded shares of Zumiez from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of Zumiez from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, ValuEngine lowered shares of Zumiez from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.20.

Zumiez (NASDAQ:ZUMZ) traded up 23.48% on Friday, hitting $16.30. 4,339,260 shares of the company were exchanged. Zumiez has a 52-week low of $11.43 and a 52-week high of $26.55. The stock has a market cap of $410.71 million, a PE ratio of 17.18 and a beta of 1.27. The firm has a 50 day moving average of $12.66 and a 200-day moving average of $15.11.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The business had revenue of $192.20 million during the quarter, compared to analyst estimates of $192.12 million. Zumiez had a net margin of 2.78% and a return on equity of 7.92%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. On average, equities analysts expect that Zumiez will post $0.96 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its position in shares of Zumiez by 0.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 18,594 shares of the apparel and footwear maker’s stock worth $340,000 after acquiring an additional 88 shares during the last quarter. Texas Permanent School Fund grew its position in shares of Zumiez by 2.1% during the second quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock worth $159,000 after acquiring an additional 260 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Zumiez by 4.6% during the first quarter. BNP Paribas Arbitrage SA now owns 10,082 shares of the apparel and footwear maker’s stock worth $185,000 after acquiring an additional 441 shares during the last quarter. Comerica Bank grew its position in shares of Zumiez by 2.9% during the first quarter. Comerica Bank now owns 19,309 shares of the apparel and footwear maker’s stock worth $350,000 after acquiring an additional 547 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its position in shares of Zumiez by 0.3% during the first quarter. Disciplined Growth Investors Inc. MN now owns 246,350 shares of the apparel and footwear maker’s stock worth $4,907,000 after acquiring an additional 650 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

About Zumiez

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.

Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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