Zumiez (NASDAQ:ZUMZ) Given New $25.00 Price Target at Wedbush

Zumiez (NASDAQ:ZUMZ) had its price target increased by Wedbush from $17.00 to $25.00 in a report issued on Friday, BenzingaRatingsTable reports. The brokerage currently has an underperform rating on the apparel and footwear maker’s stock. Wedbush also issued estimates for Zumiez’s FY2022 earnings at $2.24 EPS.

Other equities research analysts have also recently issued research reports about the stock. Pivotal Research restated a hold rating and issued a $32.00 price objective on shares of Zumiez in a report on Tuesday. DA Davidson lifted their target price on shares of Zumiez to $28.00 and gave the company a neutral rating in a report on Friday, September 6th. Robert W. Baird boosted their price target on Zumiez from $33.00 to $35.00 and gave the stock a neutral rating in a research report on Friday. BidaskClub downgraded Zumiez from a strong-buy rating to a buy rating in a research note on Wednesday, November 13th. Finally, TheStreet raised Zumiez from a c+ rating to a b rating in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $32.14.

Zumiez stock traded up $4.91 on Friday, hitting $35.47. 2,751,494 shares of the stock traded hands, compared to its average volume of 446,640. Zumiez has a 1 year low of $17.57 and a 1 year high of $35.68. The firm has a market cap of $913.85 million, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. The company has a current ratio of 2.06, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The business’s fifty day simple moving average is $31.18 and its 200 day simple moving average is $27.11.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.15. The firm had revenue of $264.02 million for the quarter, compared to the consensus estimate of $260.86 million. Zumiez had a net margin of 5.35% and a return on equity of 13.59%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. As a group, analysts predict that Zumiez will post 2.16 earnings per share for the current year.

In related news, Director Thomas D. Campion sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $32.00, for a total value of $38,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Miles Brooks sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $30.00, for a total transaction of $2,400,000.00. Following the completion of the transaction, the chief executive officer now owns 2,653,024 shares of the company’s stock, valued at $79,590,720. The disclosure for this sale can be found here. Insiders have sold a total of 232,516 shares of company stock worth $7,426,790 over the last three months. 23.10% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its position in shares of Zumiez by 1.2% during the third quarter. California State Teachers Retirement System now owns 31,099 shares of the apparel and footwear maker’s stock valued at $985,000 after buying an additional 371 shares during the last quarter. Arizona State Retirement System raised its position in Zumiez by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 29,548 shares of the apparel and footwear maker’s stock worth $771,000 after buying an additional 403 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Zumiez by 46.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the apparel and footwear maker’s stock valued at $50,000 after acquiring an additional 504 shares during the period. Bank of America Corp DE lifted its stake in Zumiez by 1.3% during the 2nd quarter. Bank of America Corp DE now owns 40,645 shares of the apparel and footwear maker’s stock valued at $1,060,000 after acquiring an additional 517 shares during the period. Finally, Mason Street Advisors LLC boosted its holdings in shares of Zumiez by 8.7% during the 3rd quarter. Mason Street Advisors LLC now owns 6,911 shares of the apparel and footwear maker’s stock valued at $219,000 after acquiring an additional 553 shares during the last quarter. 86.17% of the stock is owned by institutional investors and hedge funds.

About Zumiez

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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