“We would also note that ZUMZ’ updated 4Q SSS outlook implies a (2)% January comp, which we believe is conservative. ZUMZ’ shares have been a roller coaster over the last six months, and, while they’ve appreciated nicely over the last few weeks, the stock still trades at an FTM P/E of <12x. Using history as a guide, it’s usually a good time to own this stock when the company’s FTM P/E is below its T52W average, which is 14.1x. That said, we’re reiterating our BUY rating.",” Pivotal Research’s analyst commented.
A number of other analysts have also issued reports on the company. ValuEngine lowered Zumiez from a sell rating to a strong sell rating in a research report on Friday, December 7th. BidaskClub raised Zumiez from a sell rating to a hold rating in a research report on Tuesday, October 30th. B. Riley set a $28.00 target price on Zumiez and gave the company a buy rating in a research report on Sunday, December 9th. Robert W. Baird cut their target price on Zumiez from $30.00 to $25.00 and set a neutral rating on the stock in a research report on Thursday, October 11th. Finally, DA Davidson assumed coverage on Zumiez in a research report on Tuesday, September 25th. They issued a neutral rating and a $29.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $25.43.
ZUMZ opened at $22.18 on Thursday. Zumiez has a one year low of $17.57 and a one year high of $32.70. The company has a market capitalization of $543.04 million, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 1.02 and a beta of 1.11.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, December 6th. The apparel and footwear maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. Zumiez had a return on equity of 10.06% and a net margin of 3.62%. The firm had revenue of $248.80 million for the quarter, compared to analysts’ expectations of $248.70 million. During the same period in the prior year, the firm posted $0.48 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts anticipate that Zumiez will post 1.67 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in ZUMZ. Matarin Capital Management LLC purchased a new stake in Zumiez in the third quarter valued at approximately $14,910,000. Wells Fargo & Company MN increased its position in shares of Zumiez by 932.7% during the second quarter. Wells Fargo & Company MN now owns 308,904 shares of the apparel and footwear maker’s stock worth $7,738,000 after acquiring an additional 278,991 shares during the period. JPMorgan Chase & Co. increased its position in shares of Zumiez by 185.2% during the third quarter. JPMorgan Chase & Co. now owns 397,856 shares of the apparel and footwear maker’s stock worth $10,484,000 after acquiring an additional 258,363 shares during the period. Renaissance Technologies LLC increased its position in shares of Zumiez by 53.3% during the third quarter. Renaissance Technologies LLC now owns 714,400 shares of the apparel and footwear maker’s stock worth $18,824,000 after acquiring an additional 248,500 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Zumiez by 100.2% during the third quarter. AQR Capital Management LLC now owns 471,511 shares of the apparel and footwear maker’s stock worth $12,425,000 after acquiring an additional 236,007 shares during the period. 82.71% of the stock is currently owned by institutional investors.
Zumiez Company Profile
Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
Featured Story: Dividend Stocks – Are They Right For You?
Receive News & Ratings for Zumiez Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez and related companies with MarketBeat.com's FREE daily email newsletter.