Zumiez Inc. Expected to Post FY2018 Earnings of $1.20 Per Share (ZUMZ)

Zumiez Inc. (NASDAQ:ZUMZ) – Stock analysts at Jefferies Group reduced their FY2018 EPS estimates for Zumiez in a research report issued on Thursday. Jefferies Group analyst J. Stichter now anticipates that the apparel and footwear maker will post earnings of $1.20 per share for the year, down from their prior estimate of $1.21. Jefferies Group currently has a “Hold” rating and a $22.00 price target on the stock. Jefferies Group also issued estimates for Zumiez’s FY2019 earnings at $1.29 EPS.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The firm had revenue of $245.80 million for the quarter, compared to the consensus estimate of $244.50 million. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis.

Several other research analysts also recently weighed in on ZUMZ. B. Riley set a $26.00 target price on Zumiez and gave the stock a “buy” rating in a research note on Wednesday, February 7th. BidaskClub downgraded Zumiez from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Zumiez from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research note on Saturday, January 6th. BMO Capital Markets set a $20.00 price target on Zumiez and gave the company a “hold” rating in a research note on Friday, December 1st. Finally, William Blair reiterated a “buy” rating on shares of Zumiez in a research note on Thursday, January 4th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $20.57.

Shares of Zumiez (ZUMZ) traded up $0.25 during mid-day trading on Monday, reaching $19.20. The company had a trading volume of 536,200 shares, compared to its average volume of 477,013. Zumiez has a 1 year low of $11.43 and a 1 year high of $24.44. The stock has a market cap of $478.48, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 0.75 and a beta of 1.29.

In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $20.75, for a total transaction of $162,742.25. Following the sale, the director now owns 9,908 shares in the company, valued at approximately $205,591. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 27.50% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of ZUMZ. Thrivent Financial For Lutherans acquired a new position in shares of Zumiez in the 2nd quarter valued at about $130,000. Voya Investment Management LLC acquired a new position in shares of Zumiez in the 2nd quarter valued at about $142,000. Russell Investments Group Ltd. acquired a new position in shares of Zumiez in the 3rd quarter valued at about $199,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Zumiez by 12.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the apparel and footwear maker’s stock valued at $204,000 after buying an additional 1,829 shares during the period. Finally, ClariVest Asset Management LLC acquired a new position in shares of Zumiez in the 3rd quarter valued at about $212,000. 76.50% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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