Equities research analysts expect Zumiez (NASDAQ:ZUMZ) to post ($0.12) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Zumiez’s earnings. Zumiez reported earnings per share of ($0.18) in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, June 7th.
On average, analysts expect that Zumiez will report full year earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.52 to $1.74. For the next financial year, analysts anticipate that the company will post earnings of $1.71 per share, with EPS estimates ranging from $1.63 to $1.80. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Zumiez.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.08). The business had revenue of $308.20 million for the quarter, compared to analysts’ expectations of $301.75 million. Zumiez had a net margin of 2.89% and a return on equity of 8.38%. The business’s revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 earnings per share.
A number of analysts have issued reports on the company. Robert W. Baird reissued a “hold” rating and issued a $28.00 target price on shares of Zumiez in a research report on Thursday, April 12th. BidaskClub downgraded Zumiez from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 17th. Wedbush assumed coverage on Zumiez in a research report on Thursday, May 10th. They issued a “neutral” rating and a $24.00 target price for the company. They noted that the move was a valuation call. ValuEngine raised Zumiez from a “hold” rating to a “buy” rating in a research report on Monday, May 7th. Finally, TheStreet raised Zumiez from a “c+” rating to a “b-” rating in a research report on Tuesday, March 20th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Zumiez currently has an average rating of “Hold” and an average target price of $24.50.
In other Zumiez news, Director Thomas D. Campion sold 35,459 shares of the firm’s stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $25.07, for a total value of $888,957.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 258,797 shares of company stock valued at $6,484,643 over the last three months. Company insiders own 27.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of ZUMZ. Matarin Capital Management LLC bought a new position in shares of Zumiez in the first quarter worth $12,026,000. Spark Investment Management LLC bought a new position in shares of Zumiez in the fourth quarter worth $8,684,000. Thrivent Financial For Lutherans boosted its holdings in shares of Zumiez by 3,544.2% in the fourth quarter. Thrivent Financial For Lutherans now owns 404,143 shares of the apparel and footwear maker’s stock worth $8,416,000 after acquiring an additional 393,053 shares during the period. Millennium Management LLC boosted its holdings in shares of Zumiez by 677.5% in the first quarter. Millennium Management LLC now owns 404,602 shares of the apparel and footwear maker’s stock worth $9,670,000 after acquiring an additional 352,562 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Zumiez by 10.5% in the first quarter. BlackRock Inc. now owns 2,894,789 shares of the apparel and footwear maker’s stock worth $69,186,000 after acquiring an additional 274,813 shares during the period. 74.80% of the stock is owned by hedge funds and other institutional investors.
Shares of ZUMZ opened at $24.25 on Wednesday. The company has a market cap of $628.28 million, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 0.86 and a beta of 1.07. Zumiez has a 12 month low of $11.43 and a 12 month high of $26.30.
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 February 3, 2018, the company operated 698 stores, including 607 stores in the United States, 50 stores in Canada, 34 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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