Zumiez’s (NASDAQ:ZUMZ) same-store sales increased by 4.9% during the month of January. Zumiez’s stock rose by 7.6% in the first full-day of trading following the news.
A number of research analysts have weighed in on the stock. BidaskClub lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research lowered shares of Zumiez from a “buy” rating to a “hold” rating in a research note on Saturday, January 26th. DA Davidson reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Zumiez in a research note on Friday, December 7th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Finally, Pivotal Research set a $30.00 price objective on shares of Zumiez and gave the company a “buy” rating in a research note on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $25.43.
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ZUMZ opened at $24.22 on Friday. Zumiez has a fifty-two week low of $17.57 and a fifty-two week high of $32.70. The stock has a market cap of $599.96 million, a P/E ratio of 22.02, a PEG ratio of 1.03 and a beta of 1.29.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, December 6th. The apparel and footwear maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. Zumiez had a net margin of 3.62% and a return on equity of 10.06%. The company had revenue of $248.80 million for the quarter, compared to analyst estimates of $248.70 million. During the same period last year, the firm earned $0.48 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, research analysts predict that Zumiez will post 1.73 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP bought a new position in shares of Zumiez during the third quarter valued at about $756,000. GSA Capital Partners LLP bought a new stake in Zumiez in the third quarter worth about $213,000. Credit Suisse AG raised its position in Zumiez by 125.0% in the third quarter. Credit Suisse AG now owns 22,811 shares of the apparel and footwear maker’s stock worth $600,000 after acquiring an additional 12,673 shares during the period. Vanguard Group Inc raised its position in Zumiez by 9.9% in the third quarter. Vanguard Group Inc now owns 2,199,058 shares of the apparel and footwear maker’s stock worth $57,945,000 after acquiring an additional 197,221 shares during the period. Finally, SG Americas Securities LLC raised its position in Zumiez by 225.4% in the third quarter. SG Americas Securities LLC now owns 54,403 shares of the apparel and footwear maker’s stock worth $1,434,000 after acquiring an additional 37,684 shares during the period. 82.23% of the stock is currently owned by institutional investors.
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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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