Zumiez Inc. (NASDAQ:ZUMZ – Get Rating) has been assigned a consensus recommendation of "Hold" from the six research firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $38.50.
Several brokerages have issued reports on ZUMZ. William Blair lowered Zumiez from an "outperform" rating to a "market perform" rating in a research note on Friday, September 9th. TheStreet lowered Zumiez from a "b-" rating to a "c" rating in a research note on Friday, June 3rd. B. Riley lowered Zumiez from a "buy" rating to a "neutral" rating and dropped their price target for the company from $42.00 to $25.00 in a research note on Friday, September 9th. Finally, StockNews.com lowered Zumiez from a "buy" rating to a "hold" rating in a research note on Monday, June 6th.
Get Zumiez alerts:Zumiez Price Performance
Shares of ZUMZ stock opened at $21.88 on Friday. The business's 50 day simple moving average is $26.66 and its 200 day simple moving average is $31.47. Zumiez has a one year low of $21.09 and a one year high of $55.10. The stock has a market capitalization of $426.00 million, a PE ratio of 7.08 and a beta of 1.51.
Zumiez (NASDAQ:ZUMZ – Get Rating) last announced its earnings results on Thursday, September 8th. The apparel and footwear maker reported $0.16 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.31). Zumiez had a net margin of 6.65% and a return on equity of 16.31%. The company had revenue of $219.99 million during the quarter, compared to the consensus estimate of $231.50 million. During the same quarter in the previous year, the company earned $1.02 earnings per share. The business's revenue was down 18.1% on a year-over-year basis. As a group, research analysts expect that Zumiez will post 1.38 earnings per share for the current year.Hedge Funds Weigh In On Zumiez
A number of institutional investors have recently modified their holdings of ZUMZ. Captrust Financial Advisors raised its position in Zumiez by 946.8% in the 1st quarter. Captrust Financial Advisors now owns 806 shares of the apparel and footwear maker's stock valued at $31,000 after buying an additional 729 shares during the last quarter. Lazard Asset Management LLC raised its position in Zumiez by 211.9% in the 2nd quarter. Lazard Asset Management LLC now owns 1,341 shares of the apparel and footwear maker's stock valued at $34,000 after buying an additional 911 shares during the last quarter. Point72 Hong Kong Ltd raised its position in Zumiez by 121.0% in the 4th quarter. Point72 Hong Kong Ltd now owns 2,599 shares of the apparel and footwear maker's stock valued at $125,000 after buying an additional 1,423 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Zumiez in the 4th quarter valued at $204,000. Finally, Alps Advisors Inc. purchased a new stake in Zumiez in the 2nd quarter valued at $218,000. 87.11% of the stock is owned by institutional investors and hedge funds.
About Zumiez
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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 February 26, 2022, the company operated 738 stores, including 602 stores in the United States, 52 stores in Canada, 67 stores in Europe, and 17 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
Further Reading
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