Zumiez (NASDAQ:ZUMZ – Get Rating) had its price objective reduced by investment analysts at B. Riley from $25.00 to $21.00 in a research note issued to investors on Wednesday, The Fly reports. B. Riley’s price objective would indicate a potential upside of 13.21% from the stock’s current price.
A number of other equities research analysts have also recently commented on ZUMZ. StockNews.com initiated coverage on Zumiez in a research note on Thursday, March 16th. They set a “hold” rating on the stock. William Blair reiterated a “market perform” rating on shares of Zumiez in a research note on Friday, March 10th.
Zumiez Price Performance
Zumiez stock opened at $18.55 on Wednesday. The company has a market capitalization of $361.54 million, a P/E ratio of 17.02 and a beta of 1.50. The business has a 50 day moving average of $23.93 and a 200-day moving average of $23.07. Zumiez has a 1 year low of $18.10 and a 1 year high of $42.53.
Zumiez (NASDAQ:ZUMZ – Get Rating) last issued its earnings results on Thursday, March 9th. The apparel and footwear maker reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. Zumiez had a return on equity of 5.45% and a net margin of 2.19%. The company had revenue of $280.11 million for the quarter, compared to analysts’ expectations of $268.60 million. During the same period last year, the business earned $1.70 EPS. Zumiez’s quarterly revenue was down 19.2% compared to the same quarter last year. Equities analysts anticipate that Zumiez will post 0.48 EPS for the current year.
Institutional Investors Weigh In On Zumiez
Several large investors have recently added to or reduced their stakes in ZUMZ. Captrust Financial Advisors grew its holdings in Zumiez by 946.8% during 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 in the last quarter. Lazard Asset Management LLC grew its holdings in Zumiez by 211.9% during 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 in the last quarter. Meeder Asset Management Inc. grew its holdings in Zumiez by 6,606.7% during the 4th quarter. Meeder Asset Management Inc. now owns 2,012 shares of the apparel and footwear maker’s stock valued at $44,000 after buying an additional 1,982 shares in the last quarter. Point72 Middle East FZE purchased a new position in Zumiez during the 4th quarter valued at about $48,000. Finally, Quadrant Capital Group LLC grew its holdings in Zumiez by 794.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,317 shares of the apparel and footwear maker’s stock valued at $50,000 after buying an additional 2,058 shares in the last quarter. Hedge funds and other institutional investors own 84.77% of the company’s stock.
About Zumiez
Zumiez, Inc engages in retailing of apparel, footwear, accessories, and hardgoods for young men and women. It offers hardgoods including skateboards, snowboards, bindings, components, and other equipment under the brand names Zumiez, Blue Tomato, and Fast Times brands. The company was founded by Thomas D.