Zumiez Inc. (ZUMZ) Receives Average Recommendation of “Hold” from Brokerages
Shares of Zumiez Inc. (NASDAQ:ZUMZ) have earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $19.50.
ZUMZ has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Robert W. Baird reiterated a “hold” rating and set a $17.00 price target on shares of Zumiez in a research report on Friday, September 8th. ValuEngine downgraded shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BMO Capital Markets set a $16.00 price target on shares of Zumiez and gave the company a “hold” rating in a research report on Sunday, September 10th.
Several hedge funds and other institutional investors have recently made changes to their positions in ZUMZ. Numeric Investors LLC purchased a new stake in shares of Zumiez during the 2nd quarter valued at $7,672,000. Dimensional Fund Advisors LP grew its stake in shares of Zumiez by 15.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,097,470 shares of the apparel and footwear maker’s stock valued at $38,384,000 after buying an additional 274,546 shares during the period. Vanguard Group Inc. grew its stake in shares of Zumiez by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 1,653,054 shares of the apparel and footwear maker’s stock valued at $30,250,000 after buying an additional 136,027 shares during the period. Prudential Financial Inc. grew its stake in shares of Zumiez by 204.4% during the 2nd quarter. Prudential Financial Inc. now owns 177,221 shares of the apparel and footwear maker’s stock valued at $2,189,000 after buying an additional 118,995 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Zumiez by 34.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 303,863 shares of the apparel and footwear maker’s stock valued at $5,561,000 after buying an additional 78,233 shares during the period. 81.81% of the stock is owned by institutional investors.
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Shares of Zumiez (NASDAQ ZUMZ) traded up 3.67% during trading on Friday, hitting $16.95. The company had a trading volume of 683,117 shares. Zumiez has a 52-week low of $11.43 and a 52-week high of $26.55. The firm has a market capitalization of $427.65 million, a P/E ratio of 17.67 and a beta of 1.27. The stock’s 50-day moving average is $13.21 and its 200 day moving average is $14.99.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, September 7th. The apparel and footwear maker reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. Zumiez had a net margin of 2.78% and a return on equity of 7.83%. The firm had revenue of $192.20 million during the quarter, compared to the consensus estimate of $192.12 million. During the same quarter last year, the firm earned ($0.03) earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts predict that Zumiez will post $1.05 earnings per share for the current fiscal year.
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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