Zumiez’s (NASDAQ:ZUMZ) same-store sales climbed 7.9% in the month of December. Zumiez’s stock climbed by 0% in the first day of trading following the report.
ZUMZ has been the subject of several research reports. Jefferies Group set a $15.00 target price on Zumiez and gave the company a “hold” rating in a research note on Thursday, October 5th. B. Riley set a $23.00 target price on Zumiez and gave the company a “buy” rating in a research note on Friday, December 1st. BMO Capital Markets set a $20.00 target price on Zumiez and gave the company a “hold” rating in a research note on Friday, December 1st. William Blair restated a “buy” rating on shares of Zumiez in a research note on Thursday, January 4th. Finally, Robert W. Baird restated a “neutral” rating and issued a $17.00 target price on shares of Zumiez in a research note on Tuesday, October 3rd. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $20.50.
In related news, Director Scott Andrew Bailey sold 7,843 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $20.75, for a total value of $162,742.25. Following the transaction, the director now owns 9,908 shares of the company’s stock, valued at approximately $205,591. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 27.50% of the stock is currently owned by company insiders.
Zumiez (ZUMZ) opened at $22.90 on Friday. Zumiez has a 1 year low of $11.43 and a 1 year high of $24.44. The firm has a market cap of $560.54, a PE ratio of 22.67, a P/E/G ratio of 1.06 and a beta of 1.39.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The business had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $244.50 million. During the same quarter last year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. equities analysts predict that Zumiez will post 1.18 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial For Lutherans bought a new position in Zumiez in the 2nd quarter valued at about $130,000. Russell Investments Group Ltd. bought a new position in Zumiez in the 3rd quarter valued at about $199,000. Voya Investment Management LLC bought a new position in Zumiez in the 2nd quarter valued at about $142,000. ClariVest Asset Management LLC bought a new position in Zumiez in the 3rd quarter valued at about $212,000. Finally, Marshall Wace North America L.P. bought a new position in Zumiez in the 2nd quarter valued at about $155,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Zumiez Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez and related companies with MarketBeat.com's FREE daily email newsletter.