Zumiez’s (NASDAQ:ZUMZ) same store sales rose 6.6% in the month of October. Zumiez’s shares fell by 0.5% in the first full-day of trading following the report.
Several analysts have weighed in on the company. Jefferies Group LLC set a $15.00 target price on Zumiez and gave the company a “hold” rating in a research note on Thursday, October 5th. B. Riley reaffirmed a “buy” rating and set a $21.00 target price (up previously from $18.00) on shares of Zumiez in a research note on Thursday, October 5th. Robert W. Baird reiterated a “neutral” rating and set a $17.00 price target on shares of Zumiez in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, September 12th. Finally, BMO Capital Markets set a $16.00 price target on Zumiez and gave the company a “hold” rating in a research report on Sunday, September 10th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Zumiez has a consensus rating of “Hold” and a consensus price target of $18.89.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The firm had revenue of $192.20 million for the quarter, compared to the consensus estimate of $192.12 million. During the same quarter in the prior year, the business earned ($0.03) EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year.
Large investors have recently bought and sold shares of the business. Eagle Global Advisors LLC acquired a new position in Zumiez during the 2nd quarter worth $124,000. Thrivent Financial For Lutherans acquired a new position in Zumiez during the 2nd quarter worth $130,000. Voya Investment Management LLC acquired a new position in Zumiez during the 2nd quarter worth $142,000. Marshall Wace North America L.P. acquired a new position in Zumiez during the 2nd quarter worth $155,000. Finally, Texas Permanent School Fund lifted its holdings in Zumiez by 2.1% during the 2nd quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock worth $159,000 after buying an additional 260 shares in the last quarter. 81.23% of the stock is currently owned by hedge funds and other 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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