Pivotal Research Reiterates Hold Rating for Zumiez (NASDAQ:ZUMZ)

Zumiez (NASDAQ:ZUMZ)‘s stock had its “hold” rating reiterated by Pivotal Research in a research report issued on Tuesday, AnalystRatings.com reports. They presently have a $32.00 target price on the apparel and footwear maker’s stock. Pivotal Research’s price target would suggest a potential upside of 4.64% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. B. Riley raised their target price on shares of Zumiez from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, September 6th. TheStreet raised shares of Zumiez from a “c+” rating to a “b” rating in a research report on Thursday, September 5th. BidaskClub lowered shares of Zumiez from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 13th. Jefferies Financial Group increased their price target on Zumiez from $34.00 to $38.00 and gave the company a “positive” rating in a report on Tuesday, November 26th. Finally, Robert W. Baird set a $33.00 price target on Zumiez and gave the stock a “hold” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $29.29.

Zumiez stock opened at $30.58 on Tuesday. Zumiez has a 12 month low of $17.57 and a 12 month high of $34.15. The stock has a fifty day simple moving average of $31.15 and a two-hundred day simple moving average of $26.93. The company has a current ratio of 2.06, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm has a market cap of $761.06 million, a price-to-earnings ratio of 17.08, a PEG ratio of 1.14 and a beta of 1.45.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, September 5th. The apparel and footwear maker reported $0.36 EPS for the quarter, beating the consensus estimate of $0.19 by $0.17. The company had revenue of $228.40 million for the quarter, compared to analysts’ expectations of $223.65 million. Zumiez had a return on equity of 13.59% and a net margin of 5.35%. Zumiez’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. On average, equities research analysts forecast that Zumiez will post 2.16 EPS for the current fiscal year.

In other Zumiez news, insider Chris K. Visser sold 12,762 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $32.28, for a total value of $411,957.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas D. Campion sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $32.00, for a total value of $38,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 332,516 shares of company stock worth $10,439,390. 23.10% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in ZUMZ. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Zumiez by 46.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the apparel and footwear maker’s stock valued at $50,000 after purchasing an additional 504 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Zumiez during the 2nd quarter valued at $69,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Zumiez during the 2nd quarter valued at $71,000. Mason Street Advisors LLC lifted its stake in shares of Zumiez by 8.7% during the 3rd quarter. Mason Street Advisors LLC now owns 6,911 shares of the apparel and footwear maker’s stock valued at $219,000 after buying an additional 553 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Zumiez during the 3rd quarter valued at $226,000. 86.17% of the stock is owned by institutional investors.

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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