Brokerages Set Zumiez Inc. (ZUMZ) Target Price at $25.17

Zumiez Inc. (NASDAQ:ZUMZ) has earned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.17.

Several research firms recently issued reports on ZUMZ. Zacks Investment Research cut shares of Zumiez from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. ValuEngine raised shares of Zumiez from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Finally, Pivotal Research reissued a “buy” rating and set a $28.00 price target on shares of Zumiez in a report on Thursday, January 10th.

In related news, Director Scott Andrew Bailey sold 5,986 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $25.94, for a total transaction of $155,276.84. Following the completion of the transaction, the director now directly owns 3,189 shares of the company’s stock, valued at $82,722.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 27.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of ZUMZ. Credit Suisse AG increased its holdings in Zumiez by 125.0% in the third quarter. Credit Suisse AG now owns 22,811 shares of the apparel and footwear maker’s stock valued at $600,000 after buying an additional 12,673 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in Zumiez by 1,438.3% in the third quarter. Panagora Asset Management Inc. now owns 22,074 shares of the apparel and footwear maker’s stock valued at $582,000 after buying an additional 20,639 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Zumiez in the third quarter valued at about $213,000. Allianz Asset Management GmbH increased its holdings in Zumiez by 35.3% in the third quarter. Allianz Asset Management GmbH now owns 130,836 shares of the apparel and footwear maker’s stock valued at $3,448,000 after buying an additional 34,131 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Zumiez by 185.2% in the third quarter. JPMorgan Chase & Co. now owns 397,856 shares of the apparel and footwear maker’s stock valued at $10,484,000 after buying an additional 258,363 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Shares of NASDAQ:ZUMZ opened at $26.58 on Tuesday. Zumiez has a one year low of $17.57 and a one year high of $32.70. The stock has a market capitalization of $676.05 million, a PE ratio of 14.85, a price-to-earnings-growth ratio of 1.06 and a beta of 1.23.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, March 14th. The apparel and footwear maker reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.07. The firm had revenue of $304.56 million during the quarter, compared to analysts’ expectations of $305.55 million. Zumiez had a net margin of 4.62% and a return on equity of 12.24%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. As a group, sell-side analysts anticipate that Zumiez will post 1.85 EPS for the current fiscal year.

About Zumiez

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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Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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