Zumiez (NASDAQ:ZUMZ) had its price target increased by DA Davidson from $18.00 to $28.00 in a research note issued to investors on Friday, The Fly reports. They currently have a neutral rating on the apparel and footwear maker’s stock.

ZUMZ has been the topic of several other research reports. ValuEngine upgraded shares of Zumiez from a strong sell rating to a sell rating in a research note on Friday, March 13th. B. Riley reduced their price target on shares of Zumiez from $33.00 to $27.00 and set a buy rating on the stock in a research report on Wednesday, April 1st. Pivotal Research reiterated a hold rating and set a $24.00 price target (up previously from $21.00) on shares of Zumiez in a research report on Friday, May 29th. BidaskClub upgraded shares of Zumiez from a sell rating to a hold rating in a research report on Friday, May 29th. Finally, Robert W. Baird reduced their price target on shares of Zumiez from $35.00 to $23.00 and set a neutral rating on the stock in a research report on Friday, March 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $30.33.

Shares of NASDAQ:ZUMZ traded up $0.26 on Friday, hitting $29.46. The stock had a trading volume of 1,059,817 shares, compared to its average volume of 335,513. Zumiez has a twelve month low of $13.13 and a twelve month high of $35.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 2.58. The firm’s 50 day moving average price is $21.26 and its 200-day moving average price is $26.72. The company has a market capitalization of $741.98 million, a price-to-earnings ratio of 16.83 and a beta of 1.82.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, June 4th. The apparel and footwear maker reported ($0.79) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by ($0.15). Zumiez had a net margin of 4.69% and a return on equity of 10.76%. The firm had revenue of $137.80 million during the quarter, compared to analyst estimates of $141.05 million. During the same quarter in the prior year, the firm posted $0.03 EPS. The firm’s revenue for the quarter was down 35.3% on a year-over-year basis. As a group, sell-side analysts predict that Zumiez will post 1.23 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Rice Hall James & Associates LLC raised its holdings in Zumiez by 18.4% during the 1st quarter. Rice Hall James & Associates LLC now owns 52,221 shares of the apparel and footwear maker’s stock worth $904,000 after purchasing an additional 8,126 shares during the last quarter. State of Tennessee Treasury Department raised its holdings in Zumiez by 15.5% during the 1st quarter. State of Tennessee Treasury Department now owns 27,422 shares of the apparel and footwear maker’s stock worth $475,000 after purchasing an additional 3,674 shares during the last quarter. Maverick Capital Ltd. raised its holdings in Zumiez by 95.8% during the 1st quarter. Maverick Capital Ltd. now owns 373,325 shares of the apparel and footwear maker’s stock worth $6,466,000 after purchasing an additional 182,658 shares during the last quarter. Two Sigma Investments LP bought a new stake in Zumiez during the 1st quarter worth about $316,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Zumiez in the 1st quarter valued at about $454,000. 79.89% of the stock is owned by hedge funds and other institutional investors.

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 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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Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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