Zumiez Inc. (NASDAQ:ZUMZ) – Research analysts at Jefferies Financial Group issued their Q3 2019 EPS estimates for shares of Zumiez in a research note issued on Thursday, October 25th. Jefferies Financial Group analyst J. Stichter expects that the apparel and footwear maker will post earnings per share of $0.50 for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $28.00 target price on the stock. Jefferies Financial Group also issued estimates for Zumiez’s Q4 2019 earnings at $1.14 EPS, FY2019 earnings at $1.73 EPS and FY2020 earnings at $1.90 EPS.
Several other analysts have also weighed in on the stock. Pivotal Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and lifted their target price for the company from $30.00 to $36.00 in a research report on Tuesday, September 4th. ValuEngine upgraded shares of Zumiez from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. BidaskClub lowered shares of Zumiez from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 14th. TheStreet upgraded shares of Zumiez from a “c+” rating to a “b” rating in a research report on Friday, September 7th. Finally, B. Riley lifted their target price on shares of Zumiez from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, September 7th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Zumiez has an average rating of “Hold” and a consensus target price of $26.88.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, September 6th. The apparel and footwear maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Zumiez had a net margin of 3.43% and a return on equity of 9.82%. The company had revenue of $219.00 million for the quarter, compared to analyst estimates of $218.50 million. During the same period last year, the business posted ($0.02) EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis.
In related news, CEO Richard Miles Brooks sold 45,827 shares of Zumiez stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $30.01, for a total transaction of $1,375,268.27. Following the completion of the transaction, the chief executive officer now directly owns 3,199,509 shares of the company’s stock, valued at approximately $96,017,265.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris K. Visser sold 1,934 shares of Zumiez stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $28.08, for a total transaction of $54,306.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,344 shares of company stock worth $3,788,085. 27.70% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in ZUMZ. Piedmont Investment Advisors LLC bought a new position in Zumiez during the 2nd quarter valued at about $107,000. Sun Life Financial INC bought a new position in Zumiez during the 2nd quarter valued at about $110,000. Itau Unibanco Holding S.A. bought a new position in Zumiez during the 2nd quarter valued at about $137,000. American Century Companies Inc. bought a new position in Zumiez during the 2nd quarter valued at about $203,000. Finally, Louisiana State Employees Retirement System bought a new position in Zumiez during the 2nd quarter valued at about $205,000. 76.00% of the stock is owned by hedge funds and other institutional investors.
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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