Zumiez (NASDAQ:ZUMZ) had its price target lowered by equities researchers at Robert W. Baird from $30.00 to $25.00 in a research note issued on Thursday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the apparel and footwear maker’s stock. Robert W. Baird’s target price points to a potential upside of 9.75% from the company’s previous close.
Several other brokerages have also recently issued reports on ZUMZ. BidaskClub cut shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Sunday, July 15th. B. Riley set a $34.00 price target on shares of Zumiez and gave the company a “buy” rating in a research report on Thursday. ValuEngine cut shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, Pivotal Research restated a “buy” rating and issued a $30.00 price target on shares of Zumiez in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Zumiez has an average rating of “Hold” and a consensus price target of $26.13.
Shares of NASDAQ ZUMZ opened at $22.78 on Thursday. Zumiez has a 52-week low of $16.70 and a 52-week high of $32.70. The company has a market capitalization of $672.43 million, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.03 and a beta of 1.20.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, September 6th. The apparel and footwear maker reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.04. Zumiez had a net margin of 3.43% and a return on equity of 9.82%. The firm had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $218.50 million. During the same period in the prior year, the company posted ($0.02) EPS. The company’s revenue was up 13.9% on a year-over-year basis. Equities research analysts predict that Zumiez will post 1.7 earnings per share for the current year.
In other news, CEO Richard Miles Brooks sold 45,827 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $30.01, for a total value of $1,375,268.27. Following the sale, the chief executive officer now directly owns 3,199,509 shares of the company’s stock, valued at approximately $96,017,265.09. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Chris K. Visser sold 1,934 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $28.08, for a total transaction of $54,306.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,344 shares of company stock worth $3,788,085. Insiders own 27.70% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Zumiez by 3.2% in the 2nd quarter. BlackRock Inc. now owns 2,986,304 shares of the apparel and footwear maker’s stock valued at $74,807,000 after purchasing an additional 91,515 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Zumiez by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,143,187 shares of the apparel and footwear maker’s stock worth $53,688,000 after acquiring an additional 12,751 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Zumiez by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 558,554 shares of the apparel and footwear maker’s stock worth $13,992,000 after acquiring an additional 5,746 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Zumiez by 91.2% during the second quarter. Renaissance Technologies LLC now owns 465,900 shares of the apparel and footwear maker’s stock worth $11,671,000 after acquiring an additional 222,200 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Zumiez by 677.5% during the first quarter. Millennium Management LLC now owns 404,602 shares of the apparel and footwear maker’s stock worth $9,670,000 after acquiring an additional 352,562 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.
Zumiez Company Profile
Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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