Zumiez (NASDAQ:ZUMZ) posted its quarterly earnings data on Wednesday. The apparel and footwear maker reported $1.02 EPS for the quarter, topping the consensus estimate of $0.79 by $0.23, Briefing.com reports. The firm had revenue of $268.67 million during the quarter, compared to analyst estimates of $280.51 million. Zumiez had a net margin of 10.93% and a return on equity of 23.52%. Zumiez’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 EPS.
NASDAQ:ZUMZ opened at $39.60 on Friday. The company’s 50 day moving average is $43.21 and its two-hundred day moving average is $44.42. The company has a market cap of $1.02 billion, a PE ratio of 8.11 and a beta of 1.74. Zumiez has a twelve month low of $24.96 and a twelve month high of $52.00.
Several research firms recently commented on ZUMZ. Pivotal Research reduced their price objective on shares of Zumiez from $52.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday. B. Riley boosted their price objective on shares of Zumiez from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, June 4th. Robert W. Baird reissued a “neutral” rating and set a $47.00 target price (down previously from $52.00) on shares of Zumiez in a research report on Friday. Finally, Zacks Investment Research downgraded shares of Zumiez from a “strong-buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research report on Thursday, August 5th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $47.80.
A hedge fund recently raised its stake in Zumiez stock. Royal Bank of Canada grew its holdings in Zumiez Inc. (NASDAQ:ZUMZ) by 1,354.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,629 shares of the apparel and footwear maker’s stock after acquiring an additional 1,517 shares during the period. Royal Bank of Canada’s holdings in Zumiez were worth $80,000 at the end of the most recent quarter. Institutional investors and hedge funds own 75.70% of the company’s stock.
Zumiez, Inc engages in retailing of apparel, footwear, accessories, and hardgoods for young men and women. It offers hardgoods including skateboards, snowboards, bindings, components, and other equipment under the brand names Zumiez, Blue Tomato, and Fast Times brands. The company was founded by Thomas D.
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