Zumiez Inc. (ZUMZ) Given Consensus Recommendation of “Hold” by Brokerages

Zumiez Inc. (NASDAQ:ZUMZ) has been assigned an average rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $20.50.

Several analysts have commented on ZUMZ shares. Jefferies Group set a $15.00 price target on Zumiez and gave the company a “hold” rating in a report on Thursday, October 5th. William Blair restated a “buy” rating on shares of Zumiez in a report on Thursday, January 4th. B. Riley set a $23.00 price target on Zumiez and gave the company a “buy” rating in a report on Friday, December 1st. BMO Capital Markets set a $20.00 price target on Zumiez and gave the company a “hold” rating in a report on Friday, December 1st. Finally, Robert W. Baird restated a “neutral” rating and issued a $17.00 price target on shares of Zumiez in a report on Tuesday, October 3rd.

Zumiez (NASDAQ ZUMZ) traded up $0.70 during trading on Friday, reaching $23.10. The company had a trading volume of 240,256 shares, compared to its average volume of 413,884. The stock has a market cap of $565.59, a PE ratio of 22.65, a PEG ratio of 1.06 and a beta of 1.39. Zumiez has a 1 year low of $11.43 and a 1 year high of $24.44.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $244.50 million. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. equities analysts expect that Zumiez will post 1.18 EPS for the current fiscal year.

In other news, Director Scott Andrew Bailey sold 7,843 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $20.75, for a total transaction of $162,742.25. Following the completion of the sale, the director now owns 9,908 shares in the company, valued at approximately $205,591. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.50% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Zumiez by 598.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,827 shares of the apparel and footwear maker’s stock worth $393,000 after purchasing an additional 27,270 shares during the period. Parametric Portfolio Associates LLC grew its holdings in shares of Zumiez by 42.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 61,333 shares of the apparel and footwear maker’s stock worth $757,000 after purchasing an additional 18,259 shares during the period. Algert Global LLC purchased a new stake in shares of Zumiez during the 3rd quarter worth about $269,000. Adams Diversified Equity Fund Inc. grew its holdings in shares of Zumiez by 78.5% during the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 78,700 shares of the apparel and footwear maker’s stock worth $1,424,000 after purchasing an additional 34,600 shares during the period. Finally, Gotham Asset Management LLC grew its holdings in shares of Zumiez by 98.5% during the 2nd quarter. Gotham Asset Management LLC now owns 24,742 shares of the apparel and footwear maker’s stock worth $306,000 after purchasing an additional 12,277 shares during the period. Institutional investors and hedge funds own 74.58% 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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