Zumiez (ZUMZ) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Zumiez (NASDAQ:ZUMZ) from a buy rating to a hold rating in a research report report published on Saturday. Zacks Investment Research currently has $22.00 price target on the apparel and footwear maker’s stock.

According to Zacks, “Zumiez has outperformed the broader industry in the past six months riding on robust top and bottom line surprise trends, alongside solid comps performance in recent months. Though the company posted in line earnings in third-quarter fiscal 2017, it delivered positive earnings surprise in the preceding eight quarters. Moreover, sales topped estimates for the sixth straight quarter. It also reported positive comps for the fifth straight quarter. Further, the company’s favorable comps trend continued in November, which reflected a solid start to the holiday season. This along with robust merchandise strategies and integrated sales channels led Zumiez to provide an encouraging view for holiday season sales and earnings growth in the fourth quarter. However, the company continues to be troubled by a tough retail environment, characterized by sluggish mall traffic, volatile consumer spending and macroeconomic uncertainty.”

Other equities analysts also recently issued research reports about the company. B. Riley set a $23.00 price target on Zumiez and gave the company a buy rating in a research note on Friday, December 1st. William Blair reiterated a buy rating on shares of Zumiez in a research note on Thursday, January 4th. Jefferies Group set a $22.00 price target on Zumiez and gave the company a hold rating in a research note on Thursday, January 4th. BMO Capital Markets set a $20.00 price target on Zumiez and gave the company a hold rating in a research note on Friday, December 1st. Finally, Robert W. Baird reiterated a hold rating and set a $17.00 price target on shares of Zumiez in a research note on Friday, September 8th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $20.50.

Zumiez (NASDAQ ZUMZ) traded down $0.95 during mid-day trading on Friday, reaching $22.05. The company’s stock had a trading volume of 415,000 shares, compared to its average volume of 855,667. The firm has a market cap of $580.74, a P/E ratio of 21.83, a P/E/G ratio of 1.06 and a beta of 1.39. Zumiez has a fifty-two week low of $11.43 and a fifty-two week high of $24.44.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $245.80 million during the quarter, compared to the consensus estimate of $244.50 million. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. research analysts anticipate that Zumiez will post 1.18 earnings per share for the current year.

In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of Zumiez 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 owns 9,908 shares of the company’s stock, valued at approximately $205,591. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 27.50% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of ZUMZ. Thrivent Financial For Lutherans bought a new position in shares of Zumiez during the 2nd quarter worth approximately $130,000. Voya Investment Management LLC bought a new position in shares of Zumiez during the 2nd quarter worth approximately $142,000. Marshall Wace North America L.P. bought a new position in shares of Zumiez during the 2nd quarter worth approximately $155,000. BNP Paribas Arbitrage SA raised its holdings in shares of Zumiez by 29.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,016 shares of the apparel and footwear maker’s stock worth $161,000 after purchasing an additional 2,934 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of Zumiez in the 3rd quarter worth approximately $199,000. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

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About Zumiez

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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