B. Riley set a $25.50 target price on Zumiez (NASDAQ:ZUMZ) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the apparel and footwear maker’s stock. B. Riley also issued estimates for Zumiez’s Q4 2018 earnings at $0.88 EPS and FY2018 earnings at $1.15 EPS.
Other research analysts have also issued research reports about the stock. BMO Capital Markets set a $20.00 target price on shares of Zumiez and gave the stock a hold rating in a research report on Friday, December 1st. Jefferies Group set a $15.00 target price on shares of Zumiez and gave the stock a hold rating in a research report on Thursday, October 5th. Robert W. Baird restated a neutral rating and set a $17.00 target price on shares of Zumiez in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of Zumiez from a hold rating to a buy rating and set a $18.00 target price on the stock in a research report on Tuesday, September 12th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $20.50.
Zumiez (ZUMZ) opened at $22.55 on Thursday. Zumiez has a 52-week low of $11.43 and a 52-week high of $24.44. The stock has a market cap of $569.39, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The firm had revenue of $245.80 million for the quarter, compared to analyst estimates of $244.50 million. During the same quarter in the prior year, the business posted $0.43 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. equities research analysts forecast that Zumiez will post 1.18 earnings per share for the current year.
In related news, Director Scott Andrew Bailey sold 7,843 shares of the 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 sale, the director now owns 9,908 shares in the company, valued at approximately $205,591. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 27.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in shares of Zumiez by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 91,853 shares of the apparel and footwear maker’s stock worth $1,135,000 after acquiring an additional 1,135 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its position in shares of Zumiez by 0.6% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 259,975 shares of the apparel and footwear maker’s stock worth $3,211,000 after acquiring an additional 1,475 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Zumiez by 1.3% during the 2nd quarter. Principal Financial Group Inc. now owns 134,150 shares of the apparel and footwear maker’s stock worth $1,657,000 after acquiring an additional 1,686 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Zumiez by 2.8% during the 2nd quarter. New York State Common Retirement Fund now owns 65,252 shares of the apparel and footwear maker’s stock worth $806,000 after acquiring an additional 1,808 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Zumiez by 12.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the apparel and footwear maker’s stock worth $204,000 after acquiring an additional 1,829 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.
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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.
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