Zumiez’s (NASDAQ:ZUMZ) same store sales rose 9.3% during the month of September. Zumiez’s stock rose by 0% in the first day of trading following the news.
Several analysts have recently weighed in on the company. Jefferies Group LLC set a $15.00 target price on Zumiez and gave the company a “hold” rating in a report on Thursday. B. Riley reissued a “buy” rating and issued a $21.00 target price (up from $18.00) on shares of Zumiez in a report on Thursday. Robert W. Baird reissued a “neutral” rating and issued a $17.00 target price on shares of Zumiez in a report on Tuesday, October 3rd. Zacks Investment Research raised Zumiez from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, September 12th. Finally, BMO Capital Markets set a $16.00 target price on Zumiez and gave the company a “hold” rating in a report on Sunday, September 10th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.80.
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Shares of Zumiez (NASDAQ ZUMZ) opened at 18.35 on Monday. Zumiez has a 12-month low of $11.43 and a 12-month high of $26.55. The stock has a market capitalization of $462.97 million, a P/E ratio of 19.13 and a beta of 1.38. The stock has a 50 day moving average price of $15.38 and a 200 day moving average price of $14.80.
Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. Zumiez had a net margin of 2.78% and a return on equity of 7.83%. The firm had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $192.12 million. During the same quarter last year, the company posted ($0.03) earnings per share. Zumiez’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Zumiez will post $1.05 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in Zumiez by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,136,908 shares of the apparel and footwear maker’s stock worth $26,391,000 after acquiring an additional 39,438 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Zumiez by 7.4% in the second quarter. Vanguard Group Inc. now owns 1,776,196 shares of the apparel and footwear maker’s stock worth $21,936,000 after acquiring an additional 123,142 shares during the last quarter. Numeric Investors LLC bought a new position in Zumiez in the second quarter worth about $7,672,000. FMR LLC lifted its holdings in Zumiez by 6.5% in the second quarter. FMR LLC now owns 595,966 shares of the apparel and footwear maker’s stock worth $7,361,000 after acquiring an additional 36,144 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Zumiez by 34.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 303,863 shares of the apparel and footwear maker’s stock worth $5,561,000 after acquiring an additional 78,233 shares during the last quarter. 80.97% of the stock is currently owned by hedge funds and other institutional investors.
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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