Wall Street analysts expect that Zumiez Inc. (NASDAQ:ZUMZ) will post earnings per share of $0.08 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Zumiez’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.05. Zumiez posted earnings per share of ($0.02) in the same quarter last year, which indicates a positive year over year growth rate of 500%. The company is scheduled to report its next quarterly earnings report on Thursday, September 6th.
On average, analysts expect that Zumiez will report full-year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.58 to $1.65. For the next financial year, analysts expect that the firm will report earnings of $1.76 per share, with EPS estimates ranging from $1.70 to $1.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Zumiez.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, June 7th. The apparel and footwear maker reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $206.29 million for the quarter, compared to the consensus estimate of $199.34 million. Zumiez had a return on equity of 8.64% and a net margin of 3.01%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.18) earnings per share.
Several equities analysts recently commented on ZUMZ shares. TheStreet upgraded Zumiez from a “c+” rating to a “b-” rating in a research note on Tuesday, March 20th. B. Riley upped their target price on Zumiez from $27.50 to $30.00 and gave the company a “buy” rating in a research note on Friday, June 8th. BidaskClub lowered Zumiez from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 17th. ValuEngine upgraded Zumiez from a “hold” rating to a “buy” rating in a research note on Monday, May 7th. Finally, Zacks Investment Research upgraded Zumiez from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, March 20th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.83.
In related news, CEO Richard Miles Brooks sold 3,957 shares of the stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $27.00, for a total value of $106,839.00. Following the completion of the transaction, the chief executive officer now owns 3,709,067 shares of the company’s stock, valued at $100,144,809. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Thomas D. Campion sold 140,140 shares of the stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $25.05, for a total value of $3,510,507.00. The disclosure for this sale can be found here. Insiders sold 762,754 shares of company stock valued at $20,441,482 in the last ninety days. Company insiders own 27.70% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Matarin Capital Management LLC bought a new position in Zumiez during the 1st quarter worth approximately $12,026,000. Thrivent Financial For Lutherans lifted its holdings in Zumiez by 3,544.2% during the 4th quarter. Thrivent Financial For Lutherans now owns 404,143 shares of the apparel and footwear maker’s stock worth $8,416,000 after buying an additional 393,053 shares during the last quarter. Millennium Management LLC lifted its holdings in Zumiez by 677.5% during the 1st quarter. Millennium Management LLC now owns 404,602 shares of the apparel and footwear maker’s stock worth $9,670,000 after buying an additional 352,562 shares during the last quarter. BlackRock Inc. lifted its holdings in Zumiez by 10.5% during the 1st quarter. BlackRock Inc. now owns 2,894,789 shares of the apparel and footwear maker’s stock worth $69,186,000 after buying an additional 274,813 shares during the last quarter. Finally, Divisar Capital Management LLC bought a new position in Zumiez during the 4th quarter worth approximately $5,415,000. 74.46% of the stock is owned by hedge funds and other institutional investors.
Zumiez stock traded up $0.47 during trading on Tuesday, hitting $24.82. The company’s stock had a trading volume of 7,678 shares, compared to its average volume of 812,161. The firm has a market capitalization of $638.02 million, a P/E ratio of 22.14, a PEG ratio of 0.86 and a beta of 1.01. Zumiez has a 1-year low of $11.43 and a 1-year high of $31.55.
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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