Zumiez (ZUMZ) Given a $23.00 Price Target by B. Riley Analysts

Zumiez (NASDAQ:ZUMZ) has been assigned a $23.00 price target by B. Riley in a report released on Friday. The brokerage currently has a “buy” rating on the apparel and footwear maker’s stock. B. Riley’s target price points to a potential upside of 5.50% from the stock’s previous close.

Several other equities research analysts have also commented on ZUMZ. Zacks Investment Research raised shares of Zumiez from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, August 30th. BMO Capital Markets set a $16.00 price target on Zumiez and gave the company a “hold” rating in a report on Sunday, September 10th. Robert W. Baird reissued a “hold” rating and issued a $17.00 price target on shares of Zumiez in a report on Friday, September 8th. BidaskClub upgraded Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Jefferies Group set a $15.00 price target on Zumiez and gave the company a “hold” rating in a research note on Thursday, October 5th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.75.

Shares of Zumiez (ZUMZ) opened at $21.80 on Friday. Zumiez has a twelve month low of $11.43 and a twelve month high of $26.55. The company has a market cap of $526.06, a PE ratio of 20.72, a P/E/G ratio of 1.05 and a beta of 1.33.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pacad Investment Ltd. bought a new position in Zumiez in the 4th quarter worth about $114,000. Eagle Global Advisors LLC purchased a new stake in Zumiez in the 2nd quarter valued at $124,000. Thrivent Financial For Lutherans acquired a new position in Zumiez during the 2nd quarter worth about $130,000. Voya Investment Management LLC acquired a new position in Zumiez during the second quarter worth $142,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Zumiez in the second quarter valued at about $155,000. 74.98% of the stock is currently owned by institutional investors and hedge funds.

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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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