Zumiez board setup
Zumiez Inc. (NASDAQ:ZUMZ)s stock had its buy rating restated by equities research analysts at B. Riley in a report released on Tuesday. They currently have a $27.00 target price on the apparel and footwear makers stock. B. Rileys price objective would suggest a potential upside of 7.78% from the companys previous close.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Zumiez from a hold rating to a buy rating and set a $25.00 price objective on the stock in a research report on Friday, October 21st. Jefferies Group reiterated a hold rating and issued a $17.00 price objective on shares of Zumiez in a research report on Friday, September 9th. Stifel Nicolaus reissued a hold rating and issued a $18.00 target price (up previously from $17.00) on shares of Zumiez in a research note on Thursday, October 6th. BMO Capital Markets reissued a market perform rating and issued a $16.00 target price on shares of Zumiez in a research note on Saturday, September 10th. Finally, Wolfe Research raised Zumiez from an underperform rating to a market perform rating in a research note on Friday, November 4th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $19.71.
Shares of Zumiez (NASDAQ:ZUMZ) traded up 0.40% on Tuesday, hitting $25.05. The stock had a trading volume of 75,743 shares. The firm has a market capitalization of $621.99 million, a price-to-earnings ratio of 32.66 and a beta of 1.14. Zumiez has a 1-year low of $11.53 and a 1-year high of $25.60. The firm has a 50 day moving average of $23.18 and a 200-day moving average of $17.81.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks consensus estimate of ($0.08) by $0.05. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. The company had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.35 million. During the same quarter last year, the business posted $0.12 earnings per share. The firms revenue was down .8% compared to the same quarter last year. Equities analysts predict that Zumiez will post $0.88 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Zumiez by 1.1% in the third quarter. California State Teachers Retirement System now owns 38,219 shares of the apparel and footwear makers stock valued at $688,000 after buying an additional 400 shares during the period. Disciplined Growth Investors Inc. MN raised its position in Zumiez by 0.3% in the first quarter. Disciplined Growth Investors Inc. MN now owns 246,350 shares of the apparel and footwear makers stock valued at $4,907,000 after buying an additional 650 shares during the last quarter. BlackRock Advisors LLC raised its position in Zumiez by 13.8% in the third quarter. BlackRock Advisors LLC now owns 9,455 shares of the apparel and footwear makers stock valued at $170,000 after buying an additional 1,145 shares during the last quarter. Rhumbline Advisers raised its position in Zumiez by 4.4% in the third quarter. Rhumbline Advisers now owns 28,249 shares of the apparel and footwear makers stock valued at $508,000 after buying an additional 1,197 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Zumiez by 0.9% in the first quarter. Geode Capital Management LLC now owns 146,947 shares of the apparel and footwear makers stock valued at $2,927,000 after buying an additional 1,290 shares during the last quarter. Institutional investors and hedge funds own 81.12% of the companys stock.
Zumiez Company Profile
Source: http://dailyquint.com/2016-11-28-b-riley-reaffirms-buy-rating-for-zumiez-inc-zumz/
