Zumiez (ZUMZ) Rating Reiterated by Pivotal Research

Pivotal Research reaffirmed their buy rating on shares of Zumiez (NASDAQ:ZUMZ) in a research report released on Thursday. They currently have a $28.00 price target on the apparel and footwear maker’s stock.

“We would also note that ZUMZ’ updated 4Q SSS outlook implies a (2)% January comp, which we believe is conservative. ZUMZ’ shares have been a roller coaster over the last six months, and, while they’ve appreciated nicely over the last few weeks, the stock still trades at an FTM P/E of <12x. Using history as a guide, it’s usually a good time to own this stock when the company’s FTM P/E is below its T52W average, which is 14.1x. That said, we’re reiterating our BUY rating.",” Pivotal Research’s analyst wrote.

Several other research analysts have also commented on ZUMZ. BidaskClub lowered Zumiez from a strong-buy rating to a buy rating in a report on Friday, September 14th. DA Davidson initiated coverage on Zumiez in a research note on Tuesday, September 25th. They issued a neutral rating and a $29.00 target price for the company. ValuEngine lowered Zumiez from a buy rating to a hold rating in a research note on Thursday, September 27th. B. Riley set a $34.00 target price on Zumiez and gave the stock a buy rating in a research note on Thursday, October 11th. Finally, Robert W. Baird cut their target price on Zumiez from $30.00 to $25.00 and set a neutral rating for the company in a research note on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $25.43.

Shares of NASDAQ ZUMZ traded down $0.71 during midday trading on Thursday, hitting $22.18. 493,900 shares of the company’s stock were exchanged, compared to its average volume of 460,638. Zumiez has a 12-month low of $17.57 and a 12-month high of $32.70. The firm has a market capitalization of $543.04 million, a price-to-earnings ratio of 20.16, a PEG ratio of 1.02 and a beta of 1.11.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, December 6th. The apparel and footwear maker reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.06. Zumiez had a return on equity of 10.06% and a net margin of 3.62%. The company had revenue of $248.80 million during the quarter, compared to analyst estimates of $248.70 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Zumiez’s revenue was up 1.2% on a year-over-year basis. As a group, analysts anticipate that Zumiez will post 1.67 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its position in Zumiez by 246.0% in the third quarter. Pacer Advisors Inc. now owns 4,637 shares of the apparel and footwear maker’s stock valued at $122,000 after purchasing an additional 3,297 shares during the last quarter. American Century Companies Inc. bought a new stake in Zumiez in the second quarter valued at approximately $203,000. GSA Capital Partners LLP bought a new stake in Zumiez in the third quarter valued at approximately $213,000. Rafferty Asset Management LLC bought a new stake in Zumiez in the third quarter valued at approximately $257,000. Finally, Hartford Investment Management Co. bought a new stake in Zumiez in the third quarter valued at approximately $298,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

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.

Recommended Story: Bollinger Bands

Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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.

Leave a Reply