Zumiez Inc. Shares Drop 0.5% Following Same Store Sales Report (NASDAQ:ZUMZ)
Zumiez’s (NASDAQ:ZUMZ) same-store sales climbed 6.6% in the month of October. Zumiez’s shares dropped by 0.5% in the first full-day of trading following the report.
A number of equities analysts have issued reports on the company. Robert W. Baird reiterated a “neutral” rating and set a $17.00 price target on shares of Zumiez in a research report on Tuesday, October 3rd. B. Riley reiterated a “buy” rating and set a $18.00 price target on shares of Zumiez in a research report on Wednesday, September 13th. BMO Capital Markets set a $16.00 price target on Zumiez and gave the stock a “hold” rating in a research report on Tuesday, August 8th. BidaskClub upgraded Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research upgraded Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, September 12th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.50.
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Shares of Zumiez (ZUMZ) opened at $18.90 on Friday. Zumiez has a fifty-two week low of $11.43 and a fifty-two week high of $26.55. The company has a market capitalization of $457.93, a P/E ratio of 18.71, a P/E/G ratio of 0.96 and a beta of 1.33.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.04. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The firm had revenue of $192.20 million during the quarter, compared to analysts’ expectations of $192.12 million. During the same quarter last year, the firm earned ($0.03) earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. research analysts predict that Zumiez will post 1.05 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Eagle Global Advisors LLC acquired a new stake in shares of Zumiez in the second quarter valued at approximately $124,000. Thrivent Financial For Lutherans acquired a new stake in shares of Zumiez in the second quarter valued at approximately $130,000. Voya Investment Management LLC acquired a new stake in shares of Zumiez in the second quarter valued at approximately $142,000. Marshall Wace North America L.P. acquired a new stake in shares of Zumiez in the second quarter valued at approximately $155,000. Finally, Texas Permanent School Fund increased its holdings in shares of Zumiez by 2.1% in the second quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock valued at $159,000 after purchasing an additional 260 shares during the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.
Zumiez Company Profile
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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