Zumiez’s (NASDAQ:ZUMZ) same store sales climbed 7.8% during the month of November. Zumiez’s stock dropped by 8.5% in the first day of trading following the news.

A number of brokerages recently commented on ZUMZ. Robert W. Baird reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Zumiez in a report on Tuesday, October 3rd. B. Riley reissued a “buy” rating and issued a $18.00 price objective on shares of Zumiez in a research note on Wednesday, September 13th. BMO Capital Markets set a $16.00 price objective on shares of Zumiez and gave the stock a “hold” rating in a research note on Tuesday, August 8th. BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Zacks Investment Research raised shares of 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. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $20.00.

Shares of Zumiez (NASDAQ ZUMZ) traded up $1.40 during midday trading on Tuesday, reaching $21.35. 985,800 shares of the company’s stock traded hands, compared to its average volume of 516,320. The company has a market capitalization of $503.78, a P/E ratio of 19.56, a P/E/G ratio of 1.03 and a beta of 1.39. Zumiez has a twelve month low of $11.43 and a twelve month high of $26.55.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The business had revenue of $245.80 million during the quarter, compared to the consensus estimate of $244.50 million. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. equities research analysts predict that Zumiez will post 1.08 EPS for the current year.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position 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 worth $26,391,000 after acquiring an additional 39,438 shares during the period. Vanguard Group Inc. increased its position in shares of Zumiez by 7.4% during the second quarter. Vanguard Group Inc. now owns 1,776,196 shares of the apparel and footwear maker’s stock worth $21,936,000 after acquiring an additional 123,142 shares during the period. Numeric Investors LLC purchased a new position in shares of Zumiez during the second quarter worth approximately $7,672,000. FMR LLC increased its position in shares of Zumiez by 6.5% during the second quarter. FMR LLC now owns 595,966 shares of the apparel and footwear maker’s stock worth $7,361,000 after acquiring an additional 36,144 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of 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. 74.76% of the stock is currently owned by institutional investors and hedge funds.

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About Zumiez

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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