Zumiez Inc. (NASDAQ:ZUMZ) traded up 12% during mid-day trading on Thursday . The stock traded as high as $24.44 and last traded at $22.95. 1,685,245 shares were traded during mid-day trading, an increase of 33% from the average session volume of 1,266,548 shares. The stock had previously closed at $20.50.
Several equities research analysts recently issued reports on the stock. Jefferies Group set a $22.00 target price on shares of Zumiez and gave the company a “hold” rating in a research note on Thursday. B. Riley reissued a “buy” rating and issued a $21.00 price target (up from $18.00) on shares of Zumiez in a report on Thursday, October 5th. Robert W. Baird reissued a “neutral” rating and issued a $17.00 price target on shares of Zumiez in a report on Tuesday, October 3rd. William Blair reissued a “buy” rating on shares of Zumiez in a report on Thursday. Finally, BMO Capital Markets set a $20.00 price target on shares of Zumiez and gave the company a “hold” rating in a report on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Zumiez presently has a consensus rating of “Hold” and an average target price of $20.44.
The stock has a market cap of $579.48, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 1.03 and a beta of 1.39.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results 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 analysts’ expectations of $244.50 million. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. analysts predict that Zumiez Inc. will post 1.08 earnings per share for the current fiscal year.
In other news, Director Scott Andrew Bailey sold 7,843 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $20.75, for a total transaction of $162,742.25. Following the transaction, the director now directly owns 9,908 shares of the company’s stock, valued at $205,591. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.50% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of Zumiez by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 91,853 shares of the apparel and footwear maker’s stock worth $1,135,000 after purchasing an additional 1,135 shares during the period. Disciplined Growth Investors Inc. MN increased its holdings in shares of Zumiez by 0.6% during the second quarter. Disciplined Growth Investors Inc. MN now owns 259,975 shares of the apparel and footwear maker’s stock worth $3,211,000 after purchasing an additional 1,475 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Zumiez by 1.3% during the second quarter. Principal Financial Group Inc. now owns 134,150 shares of the apparel and footwear maker’s stock worth $1,657,000 after purchasing an additional 1,686 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Zumiez by 2.8% during the second quarter. New York State Common Retirement Fund now owns 65,252 shares of the apparel and footwear maker’s stock worth $806,000 after purchasing an additional 1,808 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Zumiez by 12.5% during the second quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the apparel and footwear maker’s stock worth $204,000 after purchasing an additional 1,829 shares during the period. 74.58% of the stock is currently owned by institutional investors.
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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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