Zumiez Inc. (NASDAQ:ZUMZ – Get Rating) has received a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $48.00.
Several analysts have recently weighed in on ZUMZ shares. TheStreet downgraded shares of Zumiez from a “b-” rating to a “c” rating in a report on Friday, June 3rd. StockNews.com cut shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Monday, June 6th. Finally, B. Riley restated a “buy” rating on shares of Zumiez in a research report on Friday, June 3rd.
Institutional Trading of Zumiez
A number of institutional investors and hedge funds have recently modified their holdings of ZUMZ. Captrust Financial Advisors grew its position in shares of Zumiez by 946.8% during the first quarter. Captrust Financial Advisors now owns 806 shares of the apparel and footwear maker’s stock worth $31,000 after acquiring an additional 729 shares during the last quarter. Point72 Hong Kong Ltd lifted its position in shares of Zumiez by 121.0% in the fourth quarter. Point72 Hong Kong Ltd now owns 2,599 shares of the apparel and footwear maker’s stock worth $125,000 after purchasing an additional 1,423 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new stake in shares of Zumiez in the fourth quarter worth approximately $202,000. Teacher Retirement System of Texas purchased a new stake in shares of Zumiez in the fourth quarter worth approximately $204,000. Finally, 6 Meridian purchased a new stake in shares of Zumiez in the fourth quarter worth approximately $229,000. 81.84% of the stock is owned by institutional investors and hedge funds.
Zumiez Stock Down 1.9 %
Zumiez (NASDAQ:ZUMZ – Get Rating) last posted its earnings results on Thursday, June 2nd. The apparel and footwear maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.09). Zumiez had a net margin of 8.22% and a return on equity of 19.19%. The company had revenue of $220.69 million during the quarter, compared to analysts’ expectations of $217.28 million. During the same period last year, the business earned $1.03 earnings per share. The company’s quarterly revenue was down 20.9% on a year-over-year basis. On average, equities research analysts anticipate that Zumiez will post 3.61 earnings per share for the current fiscal year.
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 February 26, 2022, the company operated 738 stores, including 602 stores in the United States, 52 stores in Canada, 67 stores in Europe, and 17 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
- Get a free copy of the StockNews.com research report on Zumiez (ZUMZ)
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