BMO Capital Markets Analysts Give Zumiez (ZUMZ) a $20.00 Price Target

Zumiez (NASDAQ:ZUMZ) received a $20.00 price target from investment analysts at BMO Capital Markets in a report issued on Friday. The brokerage presently has a “hold” rating on the apparel and footwear maker’s stock. BMO Capital Markets’ price target suggests a potential downside of 8.26% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. B. Riley reissued a “buy” rating and issued a $18.00 price objective on shares of Zumiez in a report on Wednesday, September 13th. Jefferies Group set a $15.00 price objective on shares of Zumiez and gave the company a “hold” rating in a report on Thursday, October 5th. Robert W. Baird reaffirmed a “neutral” rating and set a $17.00 target price on shares of Zumiez in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of Zumiez from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, August 30th. Finally, BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.25.

Shares of Zumiez (NASDAQ ZUMZ) traded up $0.95 during trading on Friday, hitting $21.80. The stock had a trading volume of 1,659,500 shares, compared to its average volume of 505,038. The company has a market capitalization of $526.06, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.33. Zumiez has a 12 month low of $11.43 and a 12 month high of $26.55.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The company had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $244.50 million. During the same period in the prior year, the company earned $0.43 EPS. Zumiez’s revenue was up 11.0% compared to the same quarter last year. equities analysts forecast that Zumiez will post 1.06 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Zumiez by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,136,908 shares of the apparel and footwear maker’s stock valued at $26,391,000 after acquiring an additional 39,438 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Zumiez by 7.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,776,196 shares of the apparel and footwear maker’s stock valued at $21,936,000 after purchasing an additional 123,142 shares during the period. Numeric Investors LLC bought a new position in shares of Zumiez during the 2nd quarter worth approximately $7,672,000. FMR LLC grew its position in Zumiez by 6.5% during the 2nd quarter. FMR LLC now owns 595,966 shares of the apparel and footwear maker’s stock worth $7,361,000 after purchasing an additional 36,144 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Zumiez by 79.0% during the third quarter. Prudential Financial Inc. now owns 317,190 shares of the apparel and footwear maker’s stock worth $5,741,000 after acquiring an additional 139,969 shares during the period. Hedge funds and other institutional investors own 74.98% of the company’s stock.

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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.

Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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