Zumiez (NASDAQ:ZUMZ) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of ~$1.02-1.08 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.14. The company issued revenue guidance of $295-301 million, compared to the consensus revenue estimate of $312.27 million.Zumiez also updated its Q4 2018 guidance to $1.02-1.08 EPS.
A number of research analysts recently commented on the company. B. Riley decreased their price objective on Zumiez from $34.00 to $32.00 and set a buy rating on the stock in a report on Monday. Pivotal Research restated a buy rating and set a $28.00 price target on shares of Zumiez in a research note on Monday. BidaskClub cut Zumiez from a sell rating to a strong sell rating in a research note on Friday, November 30th. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Tuesday, November 20th. Finally, Jefferies Financial Group started coverage on Zumiez in a research note on Thursday, October 25th. They set a buy rating and a $28.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $27.29.
NASDAQ:ZUMZ traded up $0.05 during trading hours on Thursday, reaching $19.26. 1,237,636 shares of the stock were exchanged, compared to its average volume of 461,478. Zumiez has a twelve month low of $18.52 and a twelve month high of $32.70. The stock has a market capitalization of $490.22 million, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 0.91 and a beta of 1.23.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, December 6th. The apparel and footwear maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.06. Zumiez had a return on equity of 9.82% and a net margin of 3.43%. The company had revenue of $248.80 million for the quarter, compared to analysts’ expectations of $248.70 million. During the same period in the prior year, the firm earned $0.48 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that Zumiez will post 1.69 earnings per share for the current fiscal year.
In other news, Director Travis Smith sold 3,193 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $28.85, for a total transaction of $92,118.05. Following the sale, the director now owns 17,770 shares of the company’s stock, valued at $512,664.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris K. Visser sold 1,934 shares of the company’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. 27.70% of the stock is owned by corporate insiders.
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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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