Today: The Zumiez Inc. (ZUMZ) Upgraded by Piper Jaffray Cos. to Overweight

The Zumiez Inc. (ZUMZ) Upgraded by Piper Jaffray Cos. to Overweight

Piper Jaffray Cos. upgraded shares of Zumiez Inc. (NASDAQ:ZUMZ) from a neutral rating to an overweight rating in a report released on Thursday morning.

Several other brokerages also recently commented on ZUMZ. Jefferies Group reiterated a hold rating and issued a $17.00 target price on shares of Zumiez in a report on Friday, September 9th. Robert W. Baird restated a neutral rating and set a $22.00 price target (up previously from $19.00) on shares of Zumiez in a research report on Saturday, October 8th. Wedbush increased their price target on shares of Zumiez from $15.00 to $18.00 and gave the company a neutral rating in a research report on Thursday, October 6th. B. Riley restated a neutral rating and set a $18.00 price target on shares of Zumiez in a research report on Wednesday, September 14th. Finally, Stifel Nicolaus restated a hold rating and set a $18.00 price target (up previously from $17.00) on shares of Zumiez in a research report on Thursday, October 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $18.07.

Shares of Zumiez (NASDAQ:ZUMZ) traded up 2.79% during mid-day trading on Thursday, reaching $22.51. 304,443 shares of the company’s stock traded hands. The company has a market cap of $558.92 million, a P/E ratio of 29.35 and a beta of 1.56. Zumiez has a 12-month low of $11.53 and a 12-month high of $23.07. The firm has a 50-day moving average of $18.09 and a 200 day moving average of $16.63.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The company earned $178.30 million during the quarter, compared to the consensus estimate of $177.35 million. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. Equities analysts forecast that Zumiez will post $0.72 EPS for the current year.

Large investors have recently made changes to their positions in the stock. BlackRock Group LTD increased its stake in shares of Zumiez by 4.2% in the second quarter. BlackRock Group LTD now owns 32,002 shares of the apparel and footwear maker’s stock worth $458,000 after buying an additional 1,291 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Zumiez by 1.7% in the second quarter. Public Employees Retirement System of Ohio now owns 118,950 shares of the apparel and footwear maker’s stock worth $1,702,000 after buying an additional 1,937 shares in the last quarter. A.R.T. Advisors LLC increased its stake in shares of Zumiez by 5.4% in the second quarter. A.R.T. Advisors LLC now owns 40,474 shares of the apparel and footwear maker’s stock worth $579,000 after buying an additional 2,085 shares in the last quarter. TD Asset Management Inc. increased its stake in shares of Zumiez by 8.1% in the second quarter. TD Asset Management Inc. now owns 29,220 shares of the apparel and footwear maker’s stock worth $418,000 after buying an additional 2,200 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Zumiez by 3.5% in the first quarter. UBS Group AG now owns 82,145 shares of the apparel and footwear maker’s stock worth $1,636,000 after buying an additional 2,816 shares in the last quarter. 84.11% of the stock is currently owned by institutional investors and hedge funds.

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