Zumiez Inc. (NASDAQ:ZUMZ) has been given a $16.00 price target by investment analysts at BMO Capital Markets in a report released on Thursday, July 6th. The firm currently has a “hold” rating on the apparel and footwear maker’s stock. BMO Capital Markets’ price target indicates a potential upside of 32.23% from the stock’s previous close.
ZUMZ has been the subject of several other reports. Jefferies Group LLC set a $15.00 target price on shares of Zumiez and gave the stock a “hold” rating in a report on Saturday, June 3rd. B. Riley reissued a “neutral” rating and issued a $21.50 target price on shares of Zumiez in a report on Thursday, March 16th. Wolfe Research reduced their target price on shares of Zumiez from $23.00 to $21.00 and set a “peer perform” rating for the company in a report on Monday, March 13th. ValuEngine lowered shares of Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Wedbush reissued a “neutral” rating and issued a $16.00 target price (down from $21.00) on shares of Zumiez in a report on Friday, March 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $20.50.
Zumiez (NASDAQ:ZUMZ) opened at 12.10 on Thursday. The stock has a 50 day moving average of $12.52 and a 200 day moving average of $16.77. The stock has a market cap of $304.88 million, a P/E ratio of 12.75 and a beta of 1.21. Zumiez has a 1-year low of $11.60 and a 1-year high of $26.55.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.02. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The firm had revenue of $181.20 million for the quarter, compared to analysts’ expectations of $179.35 million. During the same quarter in the prior year, the business earned ($0.08) EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate that Zumiez will post $0.94 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in ZUMZ. Pacad Investment Ltd. bought a new stake in shares of Zumiez during the fourth quarter worth about $114,000. First Mercantile Trust Co. raised its position 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 worth $162,000 after buying an additional 2,715 shares during the period. Invictus RG acquired a new position in Zumiez during the first quarter worth $163,000. Bank of Montreal Can raised its position in Zumiez by 1,187.6% in the second 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. 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 worth $185,000 after buying an additional 441 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.
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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