Zumiez (NASDAQ:ZUMZ) – Investment analysts at B. Riley upped their Q1 2019 earnings per share estimates for shares of Zumiez in a research note issued to investors on Thursday, May 10th. B. Riley analyst J. Van. Sinderen now anticipates that the apparel and footwear maker will earn ($0.12) per share for the quarter, up from their previous estimate of ($0.17). B. Riley has a “Buy” rating and a $28.00 price target on the stock. B. Riley also issued estimates for Zumiez’s Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at $0.58 EPS and Q4 2019 earnings at $1.08 EPS.
Several other research firms have also issued reports on ZUMZ. BidaskClub upgraded Zumiez from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th. TheStreet upgraded Zumiez from a “c+” rating to a “b-” rating in a research note on Tuesday, March 20th. Zacks Investment Research lowered Zumiez from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Robert W. Baird reiterated a “hold” rating and issued a $28.00 target price on shares of Zumiez in a research note on Thursday, April 12th. Finally, Wedbush started coverage on Zumiez in a research note on Thursday. They issued a “neutral” rating and a $24.00 target price on the stock. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.50.
Zumiez opened at $24.10 on Monday, according to Marketbeat.com. Zumiez has a 1 year low of $11.43 and a 1 year high of $26.30. The stock has a market capitalization of $601.58 million, a price-to-earnings ratio of 21.91, a P/E/G ratio of 0.85 and a beta of 1.07.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). Zumiez had a net margin of 2.89% and a return on equity of 8.38%. The company had revenue of $308.20 million during the quarter, compared to analysts’ expectations of $301.75 million. During the same quarter last year, the firm earned $0.74 EPS. Zumiez’s revenue for the quarter was up 16.9% on a year-over-year basis.
In other news, Director Thomas D. Campion sold 58,100 shares of the business’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $25.09, for a total transaction of $1,457,729.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 258,797 shares of company stock worth $6,484,643 in the last quarter. 27.50% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. HBK Investments L P purchased a new stake in shares of Zumiez during the fourth quarter worth about $214,000. MetLife Investment Advisors LLC purchased a new stake in shares of Zumiez during the fourth quarter worth about $218,000. Paloma Partners Management Co purchased a new stake in shares of Zumiez during the fourth quarter worth about $235,000. Quadrature Capital Ltd purchased a new stake in shares of Zumiez during the first quarter worth about $272,000. Finally, Alambic Investment Management L.P. purchased a new stake in shares of Zumiez during the first quarter worth about $275,000. Institutional investors and hedge funds own 71.07% of the company’s stock.
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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