Zumiez Inc. (NASDAQ:ZUMZ) – Analysts at B. Riley lifted their FY2018 earnings per share (EPS) estimates for Zumiez in a research note issued to investors on Thursday, according to Zacks Investment Research. B. Riley analyst J. Van. Sinderen now expects that the apparel and footwear maker will earn $1.15 per share for the year, up from their prior forecast of $1.07. B. Riley has a “Buy” rating and a $25.50 price objective on the stock. B. Riley also issued estimates for Zumiez’s Q4 2018 earnings at $0.88 EPS.
Several other research analysts also recently commented on ZUMZ. Zacks Investment Research downgraded Zumiez from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a report on Saturday, January 6th. Jefferies Group set a $22.00 price target on Zumiez and gave the company a “hold” rating in a report on Thursday, January 4th. Robert W. Baird reiterated a “neutral” rating and issued a $17.00 price target on shares of Zumiez in a report on Tuesday, October 3rd. William Blair reiterated a “buy” rating on shares of Zumiez in a report on Thursday, January 4th. Finally, BMO Capital Markets set a $20.00 price target on Zumiez and gave the company a “hold” rating in a report on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Zumiez has an average rating of “Hold” and an average target price of $20.50.
Zumiez (NASDAQ ZUMZ) traded up $0.50 on Friday, reaching $22.90. The company’s stock had a trading volume of 206,736 shares, compared to its average volume of 458,077. The stock has a market cap of $565.59, a P/E ratio of 22.45, a P/E/G ratio of 1.06 and a beta of 1.39. Zumiez has a one year low of $11.43 and a one year high of $24.44.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $245.80 million for the quarter, compared to the consensus estimate of $244.50 million. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. Zumiez’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS.
Several institutional investors have recently bought and sold shares of ZUMZ. JPMorgan Chase & Co. lifted its position in Zumiez by 598.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,827 shares of the apparel and footwear maker’s stock worth $393,000 after acquiring an additional 27,270 shares during the period. Parametric Portfolio Associates LLC lifted its position in Zumiez by 42.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 61,333 shares of the apparel and footwear maker’s stock worth $757,000 after acquiring an additional 18,259 shares during the period. Algert Global LLC acquired a new stake in Zumiez during the 3rd quarter worth about $269,000. Adams Diversified Equity Fund Inc. lifted its position in Zumiez by 78.5% during the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 78,700 shares of the apparel and footwear maker’s stock worth $1,424,000 after acquiring an additional 34,600 shares during the period. Finally, Gotham Asset Management LLC lifted its position in Zumiez by 98.5% during the 2nd quarter. Gotham Asset Management LLC now owns 24,742 shares of the apparel and footwear maker’s stock worth $306,000 after acquiring an additional 12,277 shares during the period. 74.58% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Scott Andrew Bailey sold 7,843 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $20.75, for a total value of $162,742.25. Following the completion of the sale, the director now owns 9,908 shares of the company’s stock, valued at approximately $205,591. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.50% of the stock is owned by company insiders.
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Zumiez Company Profile
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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