Zumiez (NASDAQ:ZUMZ) announced its earnings results on Thursday. The apparel and footwear maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.49 by $0.06, Bloomberg Earnings reports. Zumiez had a return on equity of 10.16% and a net margin of 3.62%. The company had revenue of $248.80 million for the quarter, compared to analyst estimates of $248.70 million. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Zumiez updated its Q4 2018 guidance to $1.02-1.08 EPS and its Q4 guidance to ~$1.02-1.08 EPS.
Shares of NASDAQ:ZUMZ opened at $18.32 on Friday. The company has a market capitalization of $491.50 million, a price-to-earnings ratio of 13.38, a PEG ratio of 0.91 and a beta of 1.23. Zumiez has a 52-week low of $17.75 and a 52-week high of $32.70.
In other Zumiez news, insider Chris K. Visser sold 1,934 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $28.08, for a total value of $54,306.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Travis Smith sold 3,193 shares of the stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $28.85, for a total value of $92,118.05. Following the completion of the transaction, the director now owns 17,770 shares in the company, valued at approximately $512,664.50. The disclosure for this sale can be found here. 27.70% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Piedmont Investment Advisors LLC bought a new position in Zumiez in the second quarter worth approximately $107,000. Sun Life Financial INC bought a new position in Zumiez in the second quarter worth approximately $110,000. Pacer Advisors Inc. boosted its holdings in Zumiez by 246.0% in the third quarter. Pacer Advisors Inc. now owns 4,637 shares of the apparel and footwear maker’s stock worth $122,000 after acquiring an additional 3,297 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Zumiez in the second quarter worth approximately $137,000. Finally, GSA Capital Partners LLP bought a new position in Zumiez in the third quarter worth approximately $213,000. Institutional investors and hedge funds own 82.91% of the company’s stock.
Several brokerages recently commented on ZUMZ. ValuEngine lowered Zumiez from a “sell” rating to a “strong sell” rating in a research report on Friday. TheStreet upgraded Zumiez from a “c+” rating to a “b” rating in a research report on Friday, September 7th. BidaskClub upgraded Zumiez from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Pivotal Research upgraded Zumiez from a “hold” rating to a “buy” rating and upped their target price for the company from $30.00 to $36.00 in a research report on Tuesday, September 4th. Finally, DA Davidson began coverage on Zumiez in a research report on Tuesday, September 25th. They set a “neutral” rating and a $29.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have issued 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 target price of $26.00.
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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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