Zumiez (ZUMZ) Trading Down 6.5%
Shares of Zumiez Inc. (NASDAQ:ZUMZ) were down 6.5% on Thursday . The stock traded as low as $23.57 and last traded at $23.68. Approximately 1,077,290 shares were traded during mid-day trading, an increase of 139% from the average daily volume of 450,042 shares. The stock had previously closed at $25.33.
Several analysts have weighed in on ZUMZ shares. Zacks Investment Research downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Wednesday, December 26th. B. Riley set a $28.00 price target on shares of Zumiez and gave the stock a “buy” rating in a research note on Sunday, December 9th. ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Pivotal Research restated a “buy” rating and issued a $28.00 price objective on shares of Zumiez in a report on Thursday, January 10th. Finally, BidaskClub upgraded shares of Zumiez from a “strong sell” rating to a “sell” rating in a report on Thursday, December 27th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.14.
The stock has a market cap of $627.55 million, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.24.
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Zumiez Company Profile (NASDAQ:ZUMZ)
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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