Zumiez (NASDAQ:ZUMZ)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Group in a report released on Sunday. They currently have a $21.00 price objective on the apparel and footwear maker’s stock. Jefferies Group’s target price would indicate a potential upside of 5.26% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. B. Riley set a $23.00 target price on shares of Zumiez and gave the stock 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 target price on the stock in a report on Tuesday, September 12th. BMO Capital Markets set a $20.00 target price on shares of Zumiez and gave the stock a “hold” rating in a report on Friday. Robert W. Baird restated a “hold” rating and issued a $17.00 target price on shares of Zumiez in a report on Friday, September 8th. Finally, BidaskClub upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.00.
Shares of Zumiez (NASDAQ:ZUMZ) traded down $1.85 during trading 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 1 year low of $11.43 and a 1 year high of $26.55. The company has a market capitalization of $503.35, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39.
A number of large investors have recently added to or reduced their stakes in ZUMZ. Eagle Global Advisors LLC bought a new stake in Zumiez in the second quarter valued at $124,000. Thrivent Financial For Lutherans bought a new stake in Zumiez in the second quarter valued at $130,000. Voya Investment Management LLC bought a new stake in Zumiez in the second quarter valued at $142,000. Marshall Wace North America L.P. bought a new stake in Zumiez in the second quarter valued at $155,000. Finally, Texas Permanent School Fund boosted its holdings in Zumiez by 2.1% in the second quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock valued at $159,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 74.98% of the company’s stock.
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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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