Zumiez (ZUMZ) PT Set at $30.00 by Pivotal Research

Zumiez (NASDAQ:ZUMZ) received a $30.00 target price from equities researchers at Pivotal Research in a research report issued on Thursday. The firm presently has a “buy” rating on the apparel and footwear maker’s stock. Pivotal Research’s price objective would suggest a potential upside of 42.38% from the stock’s current price.

A number of other research analysts also recently commented on ZUMZ. B. Riley set a $32.00 price target on shares of Zumiez and gave the company a “buy” rating in a report on Thursday, August 9th. BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. ValuEngine downgraded shares of Zumiez from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Jefferies Financial Group began coverage on shares of Zumiez in a report on Thursday, October 25th. They issued a “buy” rating and a $28.00 price target for the company. Finally, TheStreet downgraded shares of Zumiez from a “b-” rating to a “c+” rating in a report on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $26.88.

Shares of NASDAQ:ZUMZ traded down $0.55 during trading on Thursday, reaching $21.07. The company’s stock had a trading volume of 546,087 shares, compared to its average volume of 505,789. Zumiez has a 12 month low of $17.45 and a 12 month high of $32.70. The company has a market cap of $545.60 million, a price-to-earnings ratio of 19.15, a PEG ratio of 1.01 and a beta of 1.23.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, September 6th. The apparel and footwear maker reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.04. Zumiez had a net margin of 3.43% and a return on equity of 9.82%. The firm had revenue of $219.00 million during the quarter, compared to the consensus estimate of $218.50 million. During the same quarter last year, the firm earned ($0.02) EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities research analysts predict that Zumiez will post 1.7 earnings per share for the current fiscal year.

In other news, CEO Richard Miles Brooks sold 45,827 shares of Zumiez stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $30.01, for a total transaction of $1,375,268.27. Following the completion of the sale, the chief executive officer now owns 3,199,509 shares of the company’s stock, valued at $96,017,265.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris K. Visser sold 1,934 shares of Zumiez stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $28.08, for a total transaction of $54,306.72. The disclosure for this sale can be found here. In the last three months, insiders sold 124,344 shares of company stock valued at $3,788,085. 27.70% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in shares of Zumiez by 6.5% during the second quarter. Public Employees Retirement System of Ohio now owns 36,737 shares of the apparel and footwear maker’s stock valued at $920,000 after acquiring an additional 2,250 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Zumiez by 7.0% during the second quarter. Legal & General Group Plc now owns 36,176 shares of the apparel and footwear maker’s stock valued at $926,000 after acquiring an additional 2,354 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Zumiez by 23.3% during the second quarter. Russell Investments Group Ltd. now owns 13,067 shares of the apparel and footwear maker’s stock valued at $327,000 after acquiring an additional 2,467 shares in the last quarter. Laurion Capital Management LP raised its stake in shares of Zumiez by 8.8% during the second quarter. Laurion Capital Management LP now owns 32,105 shares of the apparel and footwear maker’s stock valued at $804,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Zumiez by 2.5% during the first quarter. Principal Financial Group Inc. now owns 139,345 shares of the apparel and footwear maker’s stock valued at $3,330,000 after acquiring an additional 3,407 shares in the last quarter. 76.02% of the stock is owned by hedge funds and other institutional investors.

Zumiez Company Profile

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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