Wall Street analysts expect Zumiez Inc. (NASDAQ:ZUMZ) to post earnings per share (EPS) of $0.49 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Zumiez’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.52. Zumiez reported earnings of $0.48 per share in the same quarter last year, which would indicate a positive year over year growth rate of 2.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, November 29th.
On average, analysts expect that Zumiez will report full year earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.66 to $1.73. For the next financial year, analysts forecast that the business will post earnings of $1.86 per share, with EPS estimates ranging from $1.83 to $1.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Zumiez.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, September 6th. The apparel and footwear maker reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.04. The firm had revenue of $219.00 million for the quarter, compared to analyst estimates of $218.50 million. Zumiez had a return on equity of 9.82% and a net margin of 3.43%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned ($0.02) EPS.
A number of research analysts have recently weighed in on ZUMZ shares. BidaskClub downgraded Zumiez from a “buy” rating to a “hold” rating in a research note on Sunday, July 15th. B. Riley set a $34.00 price target on Zumiez and gave the company a “buy” rating in a research note on Thursday, October 11th. Robert W. Baird reissued a “hold” rating and issued a $28.00 price target on shares of Zumiez in a research note on Thursday, August 9th. Jefferies Financial Group started coverage on Zumiez in a research note on Thursday, October 25th. They issued a “buy” rating and a $28.00 price target on the stock. Finally, ValuEngine downgraded Zumiez from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Zumiez presently has an average rating of “Hold” and an average price target of $26.88.
Shares of ZUMZ stock traded down $0.27 during trading hours on Thursday, reaching $22.45. The company had a trading volume of 5,417 shares, compared to its average volume of 447,858. The company has a market cap of $585.66 million, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23. Zumiez has a 1-year low of $16.90 and a 1-year high of $32.70.
In related news, CEO Richard Miles Brooks sold 45,827 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $30.01, for a total transaction of $1,375,268.27. Following the sale, the chief executive officer now owns 3,199,509 shares of the company’s stock, valued at approximately $96,017,265.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris K. Visser sold 1,934 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $28.08, for a total value of $54,306.72. The disclosure for this sale can be found here. In the last three months, insiders sold 124,344 shares of company stock worth $3,788,085. 27.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of ZUMZ. Piedmont Investment Advisors LLC acquired a new stake in Zumiez during the 2nd quarter worth $107,000. Sun Life Financial INC acquired a new stake in Zumiez during the 2nd quarter worth $110,000. Itau Unibanco Holding S.A. acquired a new stake in Zumiez during the 2nd quarter worth $137,000. American Century Companies Inc. acquired a new stake in Zumiez during the 2nd quarter worth $203,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Zumiez during the 2nd quarter worth $205,000. 76.02% of the stock is currently owned by institutional investors and hedge funds.
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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