Zumiez’s (NASDAQ:ZUMZ) same store sales climbed 12.6% in the month of March. Zumiez’s shares climbed by 0% in the first day of trading following the news.
Several equities research analysts have issued reports on the company. Robert W. Baird reaffirmed a “hold” rating and set a $28.00 price target on shares of Zumiez in a report on Thursday, April 12th. BidaskClub downgraded Zumiez from a “strong-buy” rating to a “buy” rating in a report on Tuesday. TheStreet raised Zumiez from a “c+” rating to a “b-” rating in a report on Tuesday, March 20th. Zacks Investment Research raised Zumiez from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, March 20th. Finally, B. Riley set a $26.00 price target on Zumiez and gave the company a “buy” rating in a report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Zumiez presently has an average rating of “Buy” and a consensus target price of $24.20.
In other news, Director Thomas D. Campion sold 35,459 shares of Zumiez stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $25.07, for a total transaction of $888,957.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 258,797 shares of company stock valued at $6,484,643 in the last three months. Insiders own 27.50% of the company’s stock.
ZUMZ opened at $22.35 on Friday. Zumiez has a fifty-two week low of $11.43 and a fifty-two week high of $26.30. The firm has a market cap of $595.89, a PE ratio of 20.32, a PEG ratio of 0.85 and a beta of 1.11.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.08). Zumiez had a return on equity of 8.38% and a net margin of 2.89%. The firm had revenue of $308.20 million for the quarter, compared to analyst estimates of $301.75 million. During the same period in the prior year, the business posted $0.74 EPS. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. research analysts forecast that Zumiez will post 1.55 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Fulcrum Capital LLC acquired a new stake in shares of Zumiez during the fourth quarter worth $400,000. Spark Investment Management LLC acquired a new stake in shares of Zumiez during the fourth quarter worth $8,684,000. Algert Global LLC acquired a new stake in shares of Zumiez during the third quarter worth $269,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Zumiez by 53.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 330,976 shares of the apparel and footwear maker’s stock worth $6,893,000 after buying an additional 115,324 shares in the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in shares of Zumiez during the third quarter worth $432,000. 71.70% of the stock is owned by institutional investors.
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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 February 3, 2018, the company operated 698 stores, including 607 stores in the United States, 50 stores in Canada, 34 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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