The Zumiez Inc. (ZUMZ) Stock Rating Reaffirmed by Robert W. Baird

The Zumiez Inc. (ZUMZ) Stock Rating Reaffirmed by Robert W. Baird

Zumiez Inc. (NASDAQ:ZUMZ)‘s stock had its “neutral” rating restated by investment analysts at Robert W. Baird in a note issued to investors on Saturday. They presently have a $22.00 target price on the apparel and footwear maker’s stock, up from their prior target price of $19.00. Robert W. Baird’s price objective points to a potential upside of 0.32% from the stock’s current price.

Several other research analysts have also recently weighed in on ZUMZ. Mizuho boosted their price target on shares of Zumiez from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. SunTrust Banks Inc. boosted their price target on shares of Zumiez from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. B. Riley reissued a “neutral” rating and set a $18.00 price target on shares of Zumiez in a research report on Friday, September 9th. Jefferies Group restated a “hold” rating and issued a $17.00 price objective on shares of Zumiez in a report on Friday, September 9th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $16.00 price objective on shares of Zumiez in a report on Saturday, September 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.13.

Zumiez (NASDAQ:ZUMZ) opened at 21.93 on Friday. The firm’s 50-day moving average is $17.45 and its 200 day moving average is $16.51. Zumiez has a one year low of $11.53 and a one year high of $22.54. The company has a market capitalization of $544.52 million, a PE ratio of 28.59 and a beta of 1.56.

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

Several institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new position in shares of Zumiez during the second quarter worth approximately $115,000. Jefferies Group LLC bought a new position in shares of Zumiez during the second quarter worth approximately $153,000. Quantitative Systematic Strategies LLC bought a new position in shares of Zumiez during the second quarter worth approximately $168,000. KCG Holdings Inc. bought a new position in shares of Zumiez during the second quarter worth approximately $269,000. Finally, Adams Diversified Equity Fund Inc. bought a new position in shares of Zumiez during the second quarter worth approximately $325,000. 84.11% of the stock is owned by institutional investors and hedge funds.

Zumiez Company Profile

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