BMO Capital Markets Reiterates $16.00 Price Target for Zumiez Inc. (ZUMZ)

BMO Capital Markets set a $16.00 price objective on Zumiez Inc. (NASDAQ:ZUMZ) in a report published on Sunday morning. The firm currently has a hold rating on the apparel and footwear maker’s stock.

ZUMZ has been the subject of a number of other reports. Jefferies Group LLC reissued a hold rating and set a $19.00 price objective on shares of Zumiez in a report on Monday, May 15th. BidaskClub raised Zumiez from a sell rating to a hold rating in a report on Friday, August 25th. Robert W. Baird reissued a hold rating and set a $17.00 price objective on shares of Zumiez in a report on Friday, September 8th. B. Riley raised Zumiez from a neutral rating to a buy rating and lifted their price target for the company from $17.00 to $18.00 in a report on Friday. Finally, ValuEngine cut Zumiez from a buy rating to a hold rating in a report on Friday, June 2nd. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Zumiez presently has a consensus rating of Hold and an average price target of $19.50.

Zumiez (NASDAQ ZUMZ) opened at 16.10 on Friday. The stock’s 50 day moving average is $12.75 and its 200 day moving average is $15.02. The company has a market cap of $405.67 million, a price-to-earnings ratio of 16.97 and a beta of 1.27. Zumiez has a 52-week low of $11.43 and a 52-week high of $26.55.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The company had revenue of $192.20 million during the quarter, compared to analysts’ expectations of $192.12 million. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned ($0.03) earnings per share. On average, analysts predict that Zumiez will post $0.96 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its position in Zumiez by 3.6% in the first quarter. Principal Financial Group Inc. now owns 132,464 shares of the apparel and footwear maker’s stock worth $2,424,000 after purchasing an additional 4,655 shares during the period. Prudential Financial Inc. increased its position in Zumiez by 2.5% in the first quarter. Prudential Financial Inc. now owns 58,226 shares of the apparel and footwear maker’s stock worth $1,066,000 after purchasing an additional 1,421 shares during the period. State of Tennessee Treasury Department increased its position in Zumiez by 7.3% in the first quarter. State of Tennessee Treasury Department now owns 16,441 shares of the apparel and footwear maker’s stock worth $301,000 after purchasing an additional 1,123 shares during the period. Ameriprise Financial Inc. increased its position in Zumiez by 3.4% in the first quarter. Ameriprise Financial Inc. now owns 90,718 shares of the apparel and footwear maker’s stock worth $1,660,000 after purchasing an additional 2,971 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Zumiez by 34.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 303,863 shares of the apparel and footwear maker’s stock worth $5,561,000 after purchasing an additional 78,233 shares during the period. Hedge funds and other institutional investors own 81.81% of the company’s stock.

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.

Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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