Zumiez (NASDAQ:ZUMZ) PT Raised to $25.00 at B. Riley

Zumiez (NASDAQ:ZUMZ) had its price target hoisted by stock analysts at B. Riley from $20.00 to $25.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the apparel and footwear maker’s stock. B. Riley’s price objective points to a potential downside of 11.03% from the company’s previous close.

Separately, Jefferies Financial Group increased their price objective on Zumiez from $14.00 to $19.00 and gave the company a “hold” rating in a report on Friday, June 7th.

Zumiez Stock Performance

Zumiez stock traded up $2.43 during mid-day trading on Friday, reaching $28.10. 899,258 shares of the company were exchanged, compared to its average volume of 241,820. Zumiez has a 12-month low of $12.90 and a 12-month high of $31.37. The business has a fifty day moving average of $24.16 and a 200 day moving average of $19.41. The firm has a market cap of $569.59 million, a P/E ratio of -8.92 and a beta of 1.25.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 5th. The apparel and footwear maker reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.29. Zumiez had a negative return on equity of 5.47% and a negative net margin of 7.01%. The firm had revenue of $210.18 million during the quarter, compared to analyst estimates of $201.93 million. During the same quarter in the prior year, the business posted ($0.44) EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts predict that Zumiez will post -0.04 EPS for the current year.

Hedge Funds Weigh In On Zumiez

Several hedge funds have recently made changes to their positions in ZUMZ. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Zumiez by 51.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,251 shares of the apparel and footwear maker’s stock valued at $66,000 after acquiring an additional 1,108 shares during the period. Russell Investments Group Ltd. acquired a new stake in Zumiez during the 4th quarter worth about $497,000. Victory Capital Management Inc. grew its position in Zumiez by 7.8% during the 4th quarter. Victory Capital Management Inc. now owns 33,055 shares of the apparel and footwear maker’s stock worth $672,000 after purchasing an additional 2,398 shares during the period. Charles Schwab Investment Management Inc. grew its position in Zumiez by 9.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 457,780 shares of the apparel and footwear maker’s stock worth $9,311,000 after purchasing an additional 39,470 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Zumiez by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,605,551 shares of the apparel and footwear maker’s stock worth $32,657,000 after purchasing an additional 49,581 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

About Zumiez

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.