Brokerages predict that Zumiez Inc. (NASDAQ:ZUMZ) will announce earnings per share of $0.90 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Zumiez’s earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $0.90. Zumiez posted earnings of $0.74 per share in the same quarter last year, which indicates a positive year over year growth rate of 21.6%. The firm is expected to issue its next earnings report after the market closes on Thursday, March 15th.
On average, analysts expect that Zumiez will report full-year earnings of $1.18 per share for the current year, with EPS estimates ranging from $1.15 to $1.20. For the next year, analysts forecast that the company will post earnings of $1.40 per share, with EPS estimates ranging from $1.29 to $1.49. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Zumiez.
A number of research firms have recently issued reports on ZUMZ. Zacks Investment Research cut Zumiez from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. B. Riley set a $26.00 price objective on Zumiez and gave the stock a “buy” rating in a report on Wednesday, February 7th. BidaskClub cut Zumiez from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. William Blair reiterated a “buy” rating on shares of Zumiez in a report on Thursday, January 4th. Finally, Jefferies Group set a $22.00 target price on Zumiez and gave the company a “hold” rating in a report on Thursday, January 4th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.40.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC purchased a new stake in Zumiez in the 4th quarter worth approximately $218,000. TIAA CREF Investment Management LLC lifted its holdings in Zumiez by 52.6% in the 4th quarter. TIAA CREF Investment Management LLC now owns 227,776 shares of the apparel and footwear maker’s stock worth $4,743,000 after buying an additional 78,481 shares during the period. Paloma Partners Management Co purchased a new stake in Zumiez in the 4th quarter worth approximately $235,000. HBK Investments L P purchased a new stake in Zumiez in the 4th quarter worth approximately $214,000. Finally, Ellington Management Group LLC purchased a new stake in Zumiez in the 4th quarter worth approximately $332,000. Institutional investors and hedge funds own 71.94% of the company’s stock.
Shares of Zumiez (ZUMZ) traded up $0.40 during midday trading on Thursday, reaching $20.00. The company’s stock had a trading volume of 613,999 shares, compared to its average volume of 400,292. The company has a market cap of $504.99, a price-to-earnings ratio of 19.61, a P/E/G ratio of 0.80 and a beta of 1.28. Zumiez has a fifty-two week low of $11.43 and a fifty-two week high of $24.44.
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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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