Zumiez (NASDAQ:ZUMZ) has been given a $26.00 price target by equities researchers at B. Riley in a report released on Wednesday. The firm currently has a “buy” rating on the apparel and footwear maker’s stock. B. Riley’s price objective would suggest a potential upside of 29.68% from the company’s previous close.
ZUMZ has been the subject of several other reports. Jefferies Group set a $22.00 price target on shares of Zumiez and gave the company a “hold” rating in a report on Thursday, January 4th. Zacks Investment Research downgraded shares of Zumiez from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a report on Saturday, January 6th. William Blair reissued a “buy” rating on shares of Zumiez in a report on Thursday, January 4th. BidaskClub downgraded shares of Zumiez from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, BMO Capital Markets set a $20.00 price target on shares of Zumiez and gave the company a “hold” rating in a report on Friday, December 1st. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Zumiez currently has an average rating of “Hold” and an average target price of $20.57.
Zumiez (ZUMZ) traded down $0.40 during trading hours on Wednesday, hitting $20.05. 342,377 shares of the stock were exchanged, compared to its average volume of 491,766. The company has a market cap of $518.88, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 0.80 and a beta of 1.29. Zumiez has a one year low of $11.43 and a one year high of $24.44.
In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $20.75, for a total value of $162,742.25. Following the completion of the transaction, the director now directly owns 9,908 shares of the company’s stock, valued at $205,591. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 27.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of Zumiez by 598.4% in the second quarter. JPMorgan Chase & Co. now owns 31,827 shares of the apparel and footwear maker’s stock worth $393,000 after acquiring an additional 27,270 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Zumiez by 42.4% in the second quarter. Parametric Portfolio Associates LLC now owns 61,333 shares of the apparel and footwear maker’s stock worth $757,000 after acquiring an additional 18,259 shares during the last quarter. Algert Global LLC bought a new position in shares of Zumiez in the third quarter worth about $269,000. Fulcrum Capital LLC bought a new position in shares of Zumiez in the fourth quarter worth about $400,000. Finally, Adams Diversified Equity Fund Inc. raised its stake in shares of Zumiez by 78.5% in the third quarter. Adams Diversified Equity Fund Inc. now owns 78,700 shares of the apparel and footwear maker’s stock worth $1,424,000 after acquiring an additional 34,600 shares during the last quarter. 76.12% of the stock is owned by institutional investors.
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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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