Zumiez (NASDAQ:ZUMZ) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.02-1.08 for the period, compared to the Thomson Reuters consensus estimate of $1.13. The company issued revenue guidance of $295-301 million, compared to the consensus revenue estimate of $312.27 million.Zumiez also updated its Q4 guidance to ~$1.02-1.08 EPS.
NASDAQ ZUMZ opened at $18.32 on Friday. Zumiez has a 12 month low of $17.75 and a 12 month high of $32.70. The stock has a market capitalization of $491.50 million, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.91 and a beta of 1.23.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, December 6th. The apparel and footwear maker reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.06. The company had revenue of $248.80 million for the quarter, compared to analysts’ expectations of $248.70 million. Zumiez had a net margin of 3.62% and a return on equity of 10.16%. Zumiez’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. Equities research analysts forecast that Zumiez will post 1.69 EPS for the current fiscal year.
Several brokerages have recently issued reports on ZUMZ. Pivotal Research raised shares of Zumiez from a hold rating to a buy rating and increased their price target for the stock from $30.00 to $36.00 in a research report on Tuesday, September 4th. TheStreet raised shares of Zumiez from a c+ rating to a b rating in a research report on Friday, September 7th. B. Riley increased their price target on shares of Zumiez from $32.00 to $34.00 and gave the stock a buy rating in a research report on Friday, September 7th. BidaskClub raised shares of Zumiez from a buy rating to a strong-buy rating in a research report on Thursday, August 16th. Finally, ValuEngine raised shares of Zumiez from a hold rating to a buy rating in a research report on Friday, August 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $26.00.
In related news, insider Chris K. Visser sold 1,934 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $28.08, for a total value of $54,306.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Travis Smith sold 3,193 shares of the stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $28.85, for a total transaction of $92,118.05. Following the completion of the transaction, the director now owns 17,770 shares in the company, valued at $512,664.50. The disclosure for this sale can be found here. 27.70% of the stock is owned by company 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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