Brokerages expect Zumiez Inc. (NASDAQ:ZUMZ) to post sales of $249.14 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Zumiez’s earnings. The lowest sales estimate is $246.50 million and the highest is $254.48 million. Zumiez posted sales of $245.76 million in the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The firm is expected to issue its next quarterly earnings results on Thursday, November 29th.
On average, analysts expect that Zumiez will report full year sales of $989.44 million for the current fiscal year, with estimates ranging from $980.56 million to $999.36 million. For the next year, analysts anticipate that the company will report sales of $1.03 billion, with estimates ranging from $999.87 million to $1.06 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Zumiez.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, September 6th. The apparel and footwear maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Zumiez had a return on equity of 9.82% and a net margin of 3.43%. The business had revenue of $219.00 million for the quarter, compared to analyst estimates of $218.50 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. Zumiez’s revenue was up 13.9% on a year-over-year basis.
ZUMZ has been the topic of several analyst reports. Pivotal Research upgraded Zumiez from a “hold” rating to a “buy” rating and upped their target price for the stock from $30.00 to $36.00 in a report on Tuesday, September 4th. BidaskClub lowered Zumiez from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. B. Riley set a $34.00 target price on Zumiez and gave the stock a “buy” rating in a report on Thursday, October 11th. Jefferies Financial Group assumed coverage on Zumiez in a report on Thursday, October 25th. They set a “buy” rating and a $28.00 target price on the stock. Finally, TheStreet upgraded Zumiez from a “c+” rating to a “b” rating in a research note on Friday, September 7th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $26.88.
ZUMZ opened at $22.95 on Friday. Zumiez has a 52-week low of $16.90 and a 52-week high of $32.70. The stock has a market cap of $621.65 million, a P/E ratio of 20.86, a P/E/G ratio of 1.15 and a beta of 1.20.
In other Zumiez news, CFO Christopher Codington Work sold 5,746 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $32.00, for a total value of $183,872.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Richard Miles Brooks sold 45,827 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $30.01, for a total value of $1,375,268.27. Following the completion of the sale, the chief executive officer now owns 3,199,509 shares in the company, valued at approximately $96,017,265.09. The disclosure for this sale can be found here. Insiders sold 124,344 shares of company stock worth $3,788,085 in the last 90 days. Corporate insiders own 27.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC bought a new stake in Zumiez in the second quarter valued at approximately $107,000. Sun Life Financial INC bought a new stake in Zumiez in the second quarter valued at approximately $110,000. Itau Unibanco Holding S.A. bought a new stake in Zumiez in the second quarter valued at approximately $137,000. American Century Companies Inc. bought a new stake in Zumiez in the second quarter valued at approximately $203,000. Finally, Louisiana State Employees Retirement System bought a new stake in Zumiez in the second quarter valued at approximately $205,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.
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 September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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