B. Riley Reiterates Buy Rating for Zumiez Inc. (ZUMZ)
Zumiez Inc. (NASDAQ:ZUMZ)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a research note issued to investors on Thursday. They currently have a $21.00 price objective on the apparel and footwear maker’s stock. B. Riley’s target price indicates a potential upside of 11.11% from the company’s current price.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, August 30th. BMO Capital Markets set a $16.00 target price on shares of Zumiez and gave the stock a “hold” rating in a research report on Sunday, September 10th. Robert W. Baird reiterated a “hold” rating and set a $17.00 price target on shares of Zumiez in a report on Friday, September 8th. BidaskClub upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Jefferies Group LLC set a $15.00 price target on shares of Zumiez and gave the stock a “hold” rating in a report on Thursday, July 6th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.80.
Shares of Zumiez (NASDAQ:ZUMZ) opened at 18.90 on Thursday. Zumiez has a 1-year low of $11.43 and a 1-year high of $26.55. The stock has a 50 day moving average of $15.02 and a 200 day moving average of $14.76. The stock has a market cap of $476.85 million, a PE ratio of 19.71 and a beta of 1.38.
Zumiez (NASDAQ:ZUMZ) last announced its 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 company had revenue of $192.20 million during 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 quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) earnings per share. Equities research analysts forecast that Zumiez will post $1.05 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System grew its holdings in Zumiez by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,594 shares of the apparel and footwear maker’s stock valued at $340,000 after purchasing an additional 88 shares during the period. Texas Permanent School Fund grew its holdings in Zumiez by 2.1% in the second quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock valued at $159,000 after purchasing an additional 260 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Zumiez by 4.6% in the first quarter. BNP Paribas Arbitrage SA now owns 10,082 shares of the apparel and footwear maker’s stock valued at $185,000 after purchasing an additional 441 shares during the period. Comerica Bank grew its holdings in Zumiez by 2.9% in the first quarter. Comerica Bank now owns 19,309 shares of the apparel and footwear maker’s stock valued at $350,000 after purchasing an additional 547 shares during the period. Finally, Disciplined Growth Investors Inc. MN grew its holdings in Zumiez by 0.3% in the first quarter. Disciplined Growth Investors Inc. MN now owns 246,350 shares of the apparel and footwear maker’s stock valued at $4,907,000 after purchasing an additional 650 shares during the period. Hedge funds and other 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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