Zumiez Inc. (ZUMZ) Receives Average Recommendation of “Hold” from Brokerages

Zumiez Inc. (NASDAQ:ZUMZ) has been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $20.57.

A number of research firms have commented on ZUMZ. B. Riley set a $26.00 price target on Zumiez and gave the company a “buy” rating in a research report on Wednesday, February 7th. BidaskClub downgraded Zumiez from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Zumiez from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a report on Saturday, January 6th. Jefferies Group reiterated a “hold” rating and set a $21.00 target price on shares of Zumiez in a report on Sunday, December 3rd. Finally, BMO Capital Markets set a $20.00 target price on Zumiez and gave the stock a “hold” rating in a report on Friday, December 1st.

Zumiez (NASDAQ ZUMZ) opened at $19.20 on Wednesday. The company has a market capitalization of $478.48, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 0.75 and a beta of 1.29. Zumiez has a 52-week low of $11.43 and a 52-week high of $24.44.

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 analysts’ consensus estimates of $0.48. The business had revenue of $245.80 million during the quarter, compared to analyst estimates of $244.50 million. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. Zumiez’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 EPS. equities analysts predict that Zumiez will post 1.18 earnings per share for the current year.

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

Hedge funds have recently bought and sold shares of the business. 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 acquiring an additional 27,270 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of Zumiez by 42.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 61,333 shares of the apparel and footwear maker’s stock worth $757,000 after buying an additional 18,259 shares during the last quarter. Fulcrum Capital LLC purchased a new stake in shares of Zumiez in the 4th quarter worth approximately $400,000. Algert Global LLC purchased a new stake in shares of Zumiez in the 3rd quarter worth approximately $269,000. Finally, Adams Diversified Equity Fund Inc. grew its stake in shares of Zumiez by 78.5% in 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 buying an additional 34,600 shares during the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.

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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.

Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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