Zumiez’s (NASDAQ:ZUMZ) same store sales climbed 5.3% during the month of June. Zumiez’s stock rose by 0% in the first day of trading following the news.
Several equities research analysts recently issued reports on ZUMZ shares. Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 price target on shares of Zumiez in a research note on Monday, May 15th. Zacks Investment Research upgraded Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. BMO Capital Markets reiterated a “hold” rating and issued a $19.00 price target on shares of Zumiez in a research note on Thursday, April 27th. Finally, ValuEngine downgraded shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $20.50.
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Zumiez (ZUMZ) opened at 13.15 on Thursday. The stock’s 50 day moving average is $12.63 and its 200 day moving average is $16.98. The firm has a market capitalization of $331.34 million, a P/E ratio of 13.86 and a beta of 1.21. Zumiez has a one year low of $11.60 and a one year high of $26.55.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.02. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The firm had revenue of $181.20 million during the quarter, compared to the consensus estimate of $179.35 million. During the same period last year, the firm earned ($0.08) EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Zumiez will post $0.94 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Hood River Capital Management LLC raised its position in shares of Zumiez by 107.8% in the first quarter. Hood River Capital Management LLC now owns 743,383 shares of the apparel and footwear maker’s stock valued at $13,604,000 after buying an additional 385,587 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Zumiez by 19.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,822,924 shares of the apparel and footwear maker’s stock valued at $39,831,000 after buying an additional 294,042 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Zumiez by 594.9% in the fourth quarter. Teachers Advisors LLC now owns 221,731 shares of the apparel and footwear maker’s stock valued at $4,845,000 after buying an additional 189,821 shares during the last quarter. State Street Corp raised its position in shares of Zumiez by 44.8% in the fourth quarter. State Street Corp now owns 553,880 shares of the apparel and footwear maker’s stock valued at $12,099,000 after buying an additional 171,364 shares during the last quarter. Finally, Columbus Circle Investors raised its position in shares of Zumiez by 38.9% in the first quarter. Columbus Circle Investors now owns 547,469 shares of the apparel and footwear maker’s stock valued at $10,019,000 after buying an additional 153,268 shares during the last quarter. 85.25% of the stock is owned by institutional investors.
Zumiez Company Profile
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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