Zumiez (NASDAQ:ZUMZ) announced its quarterly earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.08), Briefing.com reports. Zumiez had a net margin of 2.89% and a return on equity of 8.38%. The firm had revenue of $308.20 million during the quarter, compared to analyst estimates of $301.75 million. During the same quarter in the previous year, the business posted $0.74 EPS. Zumiez’s revenue for the quarter was up 16.9% compared to the same quarter last year. Zumiez updated its Q1 guidance to ($0.18-0.13) EPS.
Shares of NASDAQ ZUMZ opened at $24.90 on Friday. The company has a market cap of $629.97, a P/E ratio of 22.64, a PEG ratio of 0.91 and a beta of 1.11. Zumiez has a 52-week low of $11.43 and a 52-week high of $25.25.
A number of research analysts have recently weighed in on ZUMZ shares. B. Riley restated a “buy” rating on shares of Zumiez in a report on Friday, March 16th. William Blair restated a “buy” rating on shares of Zumiez in a research report on Thursday, January 4th. Zacks Investment Research lowered shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. BidaskClub lowered shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Jefferies Group set a $22.00 target price on shares of Zumiez and gave the company a “hold” rating in a research report on Thursday, January 4th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.00.
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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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