Zumiez Inc. (ZUMZ) Receives Average Recommendation of “Hold” from Brokerages

Shares of Zumiez Inc. (NASDAQ:ZUMZ) have been assigned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $19.80.

ZUMZ has been the topic of several analyst reports. Zacks Investment Research raised Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, September 12th. BidaskClub raised Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Robert W. Baird reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Zumiez in a research report on Friday, September 8th. BMO Capital Markets set a $16.00 price objective on Zumiez and gave the company a “hold” rating in a research report on Sunday, September 10th. Finally, Jefferies Group LLC set a $15.00 price objective on Zumiez and gave the company a “hold” rating in a research report on Thursday, October 5th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its holdings in shares of Zumiez by 0.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 18,594 shares of the apparel and footwear maker’s stock valued at $340,000 after buying an additional 88 shares during the period. Texas Permanent School Fund increased its stake in shares of Zumiez by 2.1% in the 2nd quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock worth $159,000 after purchasing an additional 260 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Zumiez by 4.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,082 shares of the apparel and footwear maker’s stock worth $185,000 after purchasing an additional 441 shares in the last quarter. Comerica Bank increased its stake in shares of Zumiez by 2.9% in the 1st quarter. Comerica Bank now owns 19,309 shares of the apparel and footwear maker’s stock worth $350,000 after purchasing an additional 547 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its stake in shares of Zumiez by 7.3% in the 1st quarter. State of Tennessee Treasury Department now owns 16,441 shares of the apparel and footwear maker’s stock worth $301,000 after purchasing an additional 1,123 shares in the last quarter. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Zumiez (NASDAQ:ZUMZ) traded down 3.56% during mid-day trading on Thursday, hitting $17.60. The company had a trading volume of 233,383 shares. Zumiez has a 52 week low of $11.43 and a 52 week high of $26.55. The firm has a 50-day moving average price of $15.95 and a 200-day moving average price of $14.81. The firm has a market capitalization of $444.05 million, a PE ratio of 18.35 and a beta of 1.38.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. The business had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $192.12 million. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) EPS. Equities analysts forecast that Zumiez will post $1.05 earnings per share for the current year.

Zumiez Company Profile

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.

Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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