Zumiez (ZUMZ) PT Set at $23.00 by B. Riley

Zumiez (NASDAQ:ZUMZ) has been given a $23.00 price target by stock analysts at B. Riley in a report released on Friday. The firm currently has a “buy” rating on the apparel and footwear maker’s stock. B. Riley’s price objective indicates a potential upside of 15.29% from the company’s previous close. B. Riley also issued estimates for Zumiez’s Q4 2018 earnings at $0.79 EPS, FY2018 earnings at $1.07 EPS and FY2019 earnings at $1.18 EPS.

Other research analysts have also issued research reports about the stock. BMO Capital Markets set a $16.00 price objective on shares of Zumiez and gave the company a “hold” rating in a research note on Tuesday, August 8th. Jefferies Group set a $15.00 price objective on shares of Zumiez and gave the company a “hold” rating in a research note on Thursday, October 5th. Robert W. Baird reiterated a “neutral” rating and issued a $17.00 price objective on shares of Zumiez in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, August 30th. Finally, BidaskClub upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.25.

Shares of Zumiez (NASDAQ:ZUMZ) opened at $19.95 on Friday. Zumiez has a 1-year low of $11.43 and a 1-year high of $26.55. The stock has a market cap of $503.36, a P/E ratio of 19.56, a PEG ratio of 1.04 and a beta of 1.38.

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

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Zumiez by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 1,653,054 shares of the apparel and footwear maker’s stock worth $30,250,000 after buying an additional 136,027 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Zumiez by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 157,587 shares of the apparel and footwear maker’s stock worth $2,883,000 after buying an additional 5,452 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Zumiez by 7.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 151,010 shares of the apparel and footwear maker’s stock worth $2,764,000 after buying an additional 10,362 shares during the period. Bank of America Corp DE boosted its holdings in shares of Zumiez by 99.8% during the 1st quarter. Bank of America Corp DE now owns 37,020 shares of the apparel and footwear maker’s stock worth $678,000 after buying an additional 18,487 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of Zumiez by 1,187.6% during the 2nd quarter. Bank of Montreal Can now owns 14,177 shares of the apparel and footwear maker’s stock worth $175,000 after buying an additional 13,076 shares during the period. 74.98% of the stock is owned by institutional investors.

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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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