Zumiez Inc. (ZUMZ) Receives $20.25 Consensus Price Target from Analysts

Shares of Zumiez Inc. (NASDAQ:ZUMZ) have been given a consensus rating of “Hold” by the thirteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $20.61.

Several research firms recently issued reports on ZUMZ. BMO Capital Markets reaffirmed a “market perform” rating and issued a $16.00 price target (down from $19.00) on shares of Zumiez in a report on Monday, June 5th. Jefferies Group LLC set a $15.00 price target on shares of Zumiez and gave the company a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. ValuEngine cut shares of Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub raised shares of Zumiez from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st.

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A number of hedge funds have recently added to or reduced their stakes in ZUMZ. First Mercantile Trust Co. raised its stake in Zumiez by 44.1% in the first quarter. First Mercantile Trust Co. now owns 8,865 shares of the apparel and footwear maker’s stock valued at $162,000 after buying an additional 2,715 shares during the last quarter. Invictus RG purchased a new position in Zumiez during the first quarter valued at approximately $163,000. Thrivent Financial for Lutherans purchased a new position in Zumiez during the fourth quarter valued at approximately $206,000. Eagle Global Advisors LLC purchased a new position in Zumiez during the second quarter valued at approximately $124,000. Finally, BNP Paribas Arbitrage SA raised its position in Zumiez by 4.6% in the first quarter. BNP Paribas Arbitrage SA now owns 10,082 shares of the apparel and footwear maker’s stock valued at $185,000 after buying an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Zumiez (NASDAQ:ZUMZ) traded up 0.206% during mid-day trading on Friday, hitting $12.175. 224,059 shares of the stock traded hands. The firm’s 50-day moving average is $12.47 and its 200-day moving average is $16.17. The company has a market cap of $306.77 million, a price-to-earnings ratio of 12.829 and a beta of 1.22. Zumiez has a 12-month low of $11.60 and a 12-month high of $26.55.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.02. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The business had revenue of $181.20 million for the quarter, compared to analysts’ expectations of $179.35 million. During the same period in the previous year, the company posted ($0.08) earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts expect that Zumiez will post $0.94 EPS for the current year.

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.

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