ValuEngine upgraded shares of Zumiez (NASDAQ:ZUMZ) from a sell rating to a hold rating in a research report report published on Thursday.
Other analysts have also issued reports about the stock. Jefferies Financial Group initiated coverage on shares of Zumiez in a research note on Thursday, October 25th. They issued a buy rating and a $28.00 price target for the company. BidaskClub lowered shares of Zumiez from a strong-buy rating to a buy rating in a research note on Friday, September 14th. B. Riley set a $34.00 price target on shares of Zumiez and gave the stock a buy rating in a research note on Thursday, October 11th. Pivotal Research reaffirmed a buy rating and issued a $30.00 price target on shares of Zumiez in a research note on Thursday, October 11th. Finally, DA Davidson initiated coverage on shares of Zumiez in a research note on Tuesday, September 25th. They issued a neutral rating and a $29.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $25.43.
Zumiez stock opened at $22.18 on Thursday. The stock has a market cap of $543.04 million, a price-to-earnings ratio of 20.16, a PEG ratio of 1.02 and a beta of 1.11. Zumiez has a 52-week low of $17.57 and a 52-week high of $32.70.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, December 6th. The apparel and footwear maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.06. The company had revenue of $248.80 million during the quarter, compared to analyst estimates of $248.70 million. Zumiez had a net margin of 3.62% and a return on equity of 10.06%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 EPS. Equities research analysts predict that Zumiez will post 1.67 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP bought a new stake in shares of Zumiez in the 3rd quarter worth approximately $756,000. GSA Capital Partners LLP bought a new stake in shares of Zumiez in the 3rd quarter worth approximately $213,000. SG Americas Securities LLC raised its holdings in shares of Zumiez by 225.4% in the 3rd quarter. SG Americas Securities LLC now owns 54,403 shares of the apparel and footwear maker’s stock worth $1,434,000 after purchasing an additional 37,684 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Zumiez by 91.2% in the 2nd quarter. Renaissance Technologies LLC now owns 465,900 shares of the apparel and footwear maker’s stock worth $11,671,000 after purchasing an additional 222,200 shares in the last quarter. Finally, Alps Advisors Inc. bought a new stake in shares of Zumiez in the 3rd quarter worth approximately $936,000. Institutional investors and hedge funds own 82.71% of the company’s stock.
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.
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