Jefferies Group set a $22.00 price objective on Zumiez (NASDAQ:ZUMZ) in a research report report published on Thursday morning. The firm currently has a hold rating on the apparel and footwear maker’s stock. Jefferies Group also issued estimates for Zumiez’s Q4 2018 earnings at $0.80 EPS, Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $1.21 EPS, FY2018 earnings at $1.10 EPS, FY2019 earnings at $1.18 EPS and FY2019 earnings at $1.29 EPS.
A number of other brokerages have also recently commented on ZUMZ. B. Riley set a $23.00 target price on shares of Zumiez and gave the company a buy rating in a research report on Friday, December 1st. BMO Capital Markets set a $16.00 price objective on shares of Zumiez and gave the stock a hold rating in a research report on Sunday, September 10th. Robert W. Baird restated a hold rating and set a $17.00 price objective on shares of Zumiez in a research report on Friday, September 8th. Finally, Zacks Investment Research upgraded shares of Zumiez from a hold rating to a buy rating and set a $18.00 price objective for the company in a research report on Tuesday, September 12th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Zumiez has an average rating of Hold and an average target price of $20.50.
Shares of Zumiez (NASDAQ:ZUMZ) opened at $22.55 on Thursday. The company has a market cap of $569.38, a PE ratio of 22.11, a PEG ratio of 1.06 and a beta of 1.39. Zumiez has a 12-month low of $11.43 and a 12-month high of $24.44.
Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. The business had revenue of $245.80 million during 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 company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. research analysts expect that Zumiez will post 1.18 EPS for the current fiscal year.
In related news, Director Scott Andrew Bailey sold 7,843 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $20.75, for a total transaction of $162,742.25. Following the completion of the sale, the director now directly owns 9,908 shares in the company, valued at $205,591. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 27.50% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans acquired a new stake in Zumiez during the second quarter worth about $130,000. Russell Investments Group Ltd. acquired a new stake in shares of Zumiez during the third quarter valued at about $199,000. Voya Investment Management LLC acquired a new stake in shares of Zumiez during the second quarter valued at about $142,000. ClariVest Asset Management LLC acquired a new stake in shares of Zumiez during the third quarter valued at about $212,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Zumiez during the second quarter valued at about $155,000. Hedge funds and other institutional investors 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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