Zumiez’s (NASDAQ:ZUMZ) same-store sales rose 5.1% in the month of July. Zumiez’s shares fell by 0.4% in the first full-day of trading following the news.
Several equities research analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $16.00 target price (down from $19.00) on shares of Zumiez in a research note on Monday, June 5th. Jefferies Group LLC set a $15.00 target price on shares of Zumiez and gave the stock a “hold” rating in a research note on Saturday, June 3rd. Zacks Investment Research downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. ValuEngine downgraded shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised shares of Zumiez from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $20.85.
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Zumiez (NASDAQ:ZUMZ) opened at 12.00 on Friday. The stock has a 50 day moving average of $12.48 and a 200 day moving average of $15.91. Zumiez has a one year low of $11.60 and a one year high of $26.55. The firm has a market cap of $302.36 million, a PE ratio of 12.64 and a beta of 1.22.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.02. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The company had revenue of $181.20 million during the quarter, compared to the consensus estimate of $179.35 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that Zumiez will post $0.94 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Zumiez by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,136,908 shares of the apparel and footwear maker’s stock valued at $26,391,000 after buying an additional 39,438 shares during the period. Vanguard Group Inc. increased its position in shares of Zumiez by 7.4% in the second quarter. Vanguard Group Inc. now owns 1,776,196 shares of the apparel and footwear maker’s stock valued at $21,936,000 after buying an additional 123,142 shares during the period. Hood River Capital Management LLC increased its position in shares of Zumiez by 107.8% in the first quarter. Hood River Capital Management LLC now owns 743,383 shares of the apparel and footwear maker’s stock valued at $13,604,000 after buying an additional 385,587 shares during the period. Numeric Investors LLC purchased a new position in shares of Zumiez during the second quarter valued at about $7,672,000. Finally, FMR LLC increased its position in shares of Zumiez by 6.5% in the second quarter. FMR LLC now owns 595,966 shares of the apparel and footwear maker’s stock valued at $7,361,000 after buying an additional 36,144 shares during the period. 83.42% of the stock is owned by institutional investors.
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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