Brokerages forecast that Zumiez Inc. (NASDAQ:ZUMZ) will report $237.47 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Zumiez’s earnings. The lowest sales estimate is $237.10 million and the highest is $238.00 million. Zumiez posted sales of $221.39 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The business is expected to issue its next earnings results on Thursday, December 7th.
According to Zacks, analysts expect that Zumiez will report full year sales of $237.47 million for the current fiscal year, with estimates ranging from $869.83 million to $903.40 million. For the next financial year, analysts anticipate that the company will report sales of $919.97 million per share, with estimates ranging from $890.59 million to $937.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Zumiez.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. Zumiez had a net margin of 2.78% and a return on equity of 7.83%. The company had revenue of $192.20 million during the quarter, compared to the consensus estimate of $192.12 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. Zumiez’s revenue for the quarter was up 7.8% on a year-over-year basis.
Several brokerages recently weighed in on ZUMZ. BMO Capital Markets reaffirmed a “market perform” rating and set a $16.00 price objective (down previously from $19.00) on shares of Zumiez in a research report on Monday, June 5th. Jefferies Group LLC set a $15.00 price objective on shares of Zumiez and gave the company a “hold” rating in a research report on Saturday, June 3rd. B. Riley raised shares of Zumiez from a “neutral” rating to a “buy” rating and raised their price objective for the company from $17.00 to $18.00 in a research report on Friday, September 8th. Zacks Investment Research raised shares of Zumiez from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, ValuEngine lowered shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.50.
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Several institutional investors have recently made changes to their positions in ZUMZ. Numeric Investors LLC acquired a new stake in shares of Zumiez in the second quarter worth $7,672,000. Dimensional Fund Advisors LP grew its stake in shares of Zumiez by 15.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,097,470 shares of the apparel and footwear maker’s stock worth $38,384,000 after acquiring an additional 274,546 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Zumiez by 9.0% in the first quarter. Vanguard Group Inc. now owns 1,653,054 shares of the apparel and footwear maker’s stock worth $30,250,000 after acquiring an additional 136,027 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Zumiez by 204.4% in the second quarter. Prudential Financial Inc. now owns 177,221 shares of the apparel and footwear maker’s stock worth $2,189,000 after acquiring an additional 118,995 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Zumiez by 34.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 303,863 shares of the apparel and footwear maker’s stock worth $5,561,000 after acquiring an additional 78,233 shares during the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.
Zumiez (NASDAQ ZUMZ) remained flat at $16.75 during midday trading on Wednesday. The company had a trading volume of 241,635 shares. The company has a 50 day moving average price of $13.46 and a 200-day moving average price of $14.86. The stock has a market capitalization of $422.60 million, a PE ratio of 17.47 and a beta of 1.27. Zumiez has a one year low of $11.43 and a one year high of $26.55.
Zumiez Company Profile
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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