Zumiez Inc. (NASDAQ:ZUMZ) – Stock analysts at William Blair boosted their FY2019 earnings per share (EPS) estimates for Zumiez in a research report issued on Wednesday, February 6th. William Blair analyst S. Zackfia now anticipates that the apparel and footwear maker will post earnings per share of $1.74 for the year, up from their prior estimate of $1.71. William Blair also issued estimates for Zumiez’s Q4 2019 earnings at $1.12 EPS, Q4 2020 earnings at $1.26 EPS, FY2020 earnings at $1.90 EPS and FY2021 earnings at $1.99 EPS.
A number of other analysts also recently issued reports on ZUMZ. Pivotal Research reaffirmed a “buy” rating and issued a $30.00 target price on shares of Zumiez in a research report on Thursday, October 11th. B. Riley set a $34.00 target price on Zumiez and gave the company a “buy” rating in a research report on Thursday, October 11th. Robert W. Baird lowered their target price on Zumiez from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, October 11th. BidaskClub downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Jefferies Financial Group started coverage on Zumiez in a research report on Thursday, October 25th. They issued a “buy” rating and a $28.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.43.
ZUMZ opened at $23.54 on Friday. The stock has a market capitalization of $600.74 million, a price-to-earnings ratio of 21.40, a PEG ratio of 1.04 and a beta of 1.29. Zumiez has a 1 year low of $17.57 and a 1 year high of $32.70.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, December 6th. The apparel and footwear maker reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.06. Zumiez had a return on equity of 10.06% and a net margin of 3.62%. The firm had revenue of $248.80 million for the quarter, compared to the consensus estimate of $248.70 million. During the same quarter last year, the business posted $0.48 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Matarin Capital Management LLC bought a new stake in shares of Zumiez during the third quarter worth approximately $14,910,000. JPMorgan Chase & Co. boosted its holdings in shares of Zumiez by 185.2% during the third quarter. JPMorgan Chase & Co. now owns 397,856 shares of the apparel and footwear maker’s stock worth $10,484,000 after acquiring an additional 258,363 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Zumiez by 53.3% during the third quarter. Renaissance Technologies LLC now owns 714,400 shares of the apparel and footwear maker’s stock worth $18,824,000 after acquiring an additional 248,500 shares during the period. AQR Capital Management LLC boosted its stake in shares of Zumiez by 100.2% in the third quarter. AQR Capital Management LLC now owns 471,511 shares of the apparel and footwear maker’s stock valued at $12,425,000 after buying an additional 236,007 shares during the period. Finally, Vanguard Group Inc boosted its stake in shares of Zumiez by 9.9% in the third quarter. Vanguard Group Inc now owns 2,199,058 shares of the apparel and footwear maker’s stock valued at $57,945,000 after buying an additional 197,221 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.
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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