Zumiez (NASDAQ:ZUMZ) PT Raised to $25.00

Zumiez (NASDAQ:ZUMZ) had its price objective boosted by Wedbush from $17.00 to $25.00 in a report released on Friday, BenzingaRatingsTable reports. They currently have an underperform rating on the apparel and footwear maker’s stock. Wedbush also issued estimates for Zumiez’s FY2022 earnings at $2.24 EPS.

A number of other brokerages have also issued reports on ZUMZ. BidaskClub lowered shares of Zumiez from a strong-buy rating to a buy rating in a research report on Wednesday, November 13th. TheStreet upgraded shares of Zumiez from a c+ rating to a b rating in a research note on Thursday, September 5th. Robert W. Baird increased their price target on shares of Zumiez from $33.00 to $35.00 and gave the company a neutral rating in a report on Friday. ValuEngine upgraded shares of Zumiez from a strong sell rating to a sell rating in a research report on Tuesday, December 3rd. Finally, B. Riley raised their price target on shares of Zumiez from $32.00 to $37.00 and gave the stock a buy rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $32.14.

ZUMZ opened at $35.47 on Friday. The firm has a market capitalization of $787.34 million, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 1.19 and a beta of 1.44. The stock’s 50 day moving average price is $31.18 and its two-hundred day moving average price is $27.11. The company has a quick ratio of 1.23, a current ratio of 2.06 and a debt-to-equity ratio of 0.73. Zumiez has a 12-month low of $17.57 and a 12-month high of $35.68.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.15. Zumiez had a return on equity of 14.67% and a net margin of 5.80%. The company had revenue of $264.02 million for the quarter, compared to the consensus estimate of $260.86 million. During the same period in the previous year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts anticipate that Zumiez will post 2.43 earnings per share for the current year.

In other news, Director Thomas D. Campion sold 1,200 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $32.00, for a total value of $38,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Miles Brooks sold 80,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $30.00, for a total transaction of $2,400,000.00. Following the completion of the transaction, the chief executive officer now owns 2,653,024 shares of the company’s stock, valued at approximately $79,590,720. The disclosure for this sale can be found here. Insiders sold a total of 95,610 shares of company stock valued at $2,909,391 in the last quarter. Corporate insiders own 23.10% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Balyasny Asset Management LLC grew its position in Zumiez by 1,215.9% in the second quarter. Balyasny Asset Management LLC now owns 715,510 shares of the apparel and footwear maker’s stock valued at $18,675,000 after acquiring an additional 661,135 shares during the period. Nuveen Asset Management LLC bought a new stake in Zumiez during the 2nd quarter worth approximately $7,724,000. BlackRock Inc. grew its position in Zumiez by 5.9% during the 2nd quarter. BlackRock Inc. now owns 3,136,830 shares of the apparel and footwear maker’s stock worth $81,870,000 after acquiring an additional 176,084 shares during the last quarter. Maverick Capital Ltd. grew its position in Zumiez by 44.6% during the 3rd quarter. Maverick Capital Ltd. now owns 520,932 shares of the apparel and footwear maker’s stock worth $16,501,000 after acquiring an additional 160,682 shares during the last quarter. Finally, 361 Capital LLC acquired a new stake in Zumiez during the 2nd quarter valued at $3,095,000. Institutional investors and hedge funds own 86.17% of the company’s stock.

Zumiez Company Profile

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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