Zumiez (ZUMZ) PT Set at $20.00 by BMO Capital Markets

Zumiez (NASDAQ:ZUMZ) has been assigned a $20.00 price objective by BMO Capital Markets in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the apparel and footwear maker’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 0.25% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. B. Riley set a $23.00 price objective on shares of Zumiez and gave the company a “buy” rating in a report on Friday. Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, September 12th. BidaskClub upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Robert W. Baird reiterated a “hold” rating and issued a $17.00 price target on shares of Zumiez in a report on Friday, September 8th. Finally, Jefferies Group set a $15.00 price target on shares of Zumiez and gave the stock a “hold” rating in a report on Thursday, October 5th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Zumiez presently has a consensus rating of “Hold” and a consensus target price of $19.25.

Zumiez (NASDAQ:ZUMZ) traded down $1.85 on Friday, hitting $19.95. 2,650,000 shares of the stock traded hands, compared to its average volume of 474,501. Zumiez has a 12-month low of $11.43 and a 12-month high of $26.55. The firm has a market capitalization of $503.35, a P/E ratio of 19.56, a P/E/G ratio of 1.04 and a beta of 1.39.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. Zumiez had a net margin of 2.84% and a return on equity of 8.11%. The firm had revenue of $245.80 million for the quarter, compared to the consensus estimate of $244.50 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. sell-side analysts forecast that Zumiez will post 1.08 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in Zumiez by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,136,908 shares of the apparel and footwear maker’s stock worth $26,391,000 after buying an additional 39,438 shares during the period. Vanguard Group Inc. increased its holdings in Zumiez by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,776,196 shares of the apparel and footwear maker’s stock worth $21,936,000 after buying an additional 123,142 shares during the period. Numeric Investors LLC acquired a new position in Zumiez in the 2nd quarter worth approximately $7,672,000. FMR LLC grew its stake in shares of Zumiez by 6.5% during the 2nd quarter. FMR LLC now owns 595,966 shares of the apparel and footwear maker’s stock worth $7,361,000 after purchasing an additional 36,144 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Zumiez by 79.0% during the 3rd quarter. Prudential Financial Inc. now owns 317,190 shares of the apparel and footwear maker’s stock worth $5,741,000 after purchasing an additional 139,969 shares during the period. Institutional investors own 74.98% 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.

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