Zumiez’s (NASDAQ:ZUMZ) same store sales rose 9.3% during the month of September. Zumiez’s stock rose by 0% in the first day of trading following the news.

Several research firms recently commented on ZUMZ. Zacks Investment Research raised Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, September 12th. BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Robert W. Baird reaffirmed a “hold” rating and set a $17.00 target price on shares of Zumiez in a report on Friday, September 8th. BMO Capital Markets set a $16.00 target price on shares of Zumiez and gave the stock a “hold” rating in a report on Sunday, September 10th. Finally, Jefferies Group LLC set a $15.00 target price on shares of Zumiez and gave the company a “hold” rating in a research report on Thursday, July 6th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.50.

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Zumiez (NASDAQ ZUMZ) traded down 1.56% during midday trading on Wednesday, reaching $18.90. The company’s stock had a trading volume of 900,721 shares. Zumiez has a 1-year low of $11.43 and a 1-year high of $26.55. The company has a 50 day moving average price of $14.81 and a 200 day moving average price of $14.73. The firm has a market cap of $476.85 million, a price-to-earnings ratio of 19.71 and a beta of 1.38.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The company had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $192.12 million. Zumiez had a net margin of 2.78% and a return on equity of 7.83%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company earned ($0.03) EPS. On average, equities research analysts expect that Zumiez will post $1.05 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of ZUMZ. State Board of Administration of Florida Retirement System boosted its holdings 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 purchasing an additional 88 shares during the last quarter. Texas Permanent School Fund lifted its position in 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 buying an additional 260 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Zumiez by 4.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,082 shares of the apparel and footwear maker’s stock worth $185,000 after buying an additional 441 shares during the last quarter. Comerica Bank boosted its stake in Zumiez by 2.9% in the 1st quarter. Comerica Bank now owns 19,309 shares of the apparel and footwear maker’s stock worth $350,000 after buying an additional 547 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in Zumiez by 7.3% in the 1st quarter. State of Tennessee Treasury Department now owns 16,441 shares of the apparel and footwear maker’s stock worth $301,000 after buying an additional 1,123 shares during the last quarter. Institutional investors own 80.97% 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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