Zumiez Inc. (ZUMZ) Forecasted to Earn Q4 2017 Earnings of $0.62 Per Share
Zumiez Inc. (NASDAQ:ZUMZ) – Equities researchers at Wedbush boosted their Q4 2017 EPS estimates for shares of Zumiez in a research report issued on Thursday. Wedbush analyst M. Brown now anticipates that the firm will earn $0.62 per share for the quarter, up from their prior forecast of $0.56. Wedbush currently has a “Neutral” rating and a $18.00 target price on the stock. Wedbush also issued estimates for Zumiez’s Q2 2018 earnings at $0.01 EPS and Q4 2018 earnings at $0.67 EPS.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.05. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The company had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.35 million. During the same quarter in the previous year, the company posted $0.12 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis.
ZUMZ has been the subject of several other reports. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price objective (up from $16.00) on shares of Zumiez in a report on Tuesday, September 13th. Mizuho increased their price objective on Zumiez from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday. BMO Capital Markets reissued a “market perform” rating and issued a $16.00 price objective on shares of Zumiez in a report on Saturday, September 10th. William Blair raised Zumiez from a “market perform” rating to an “outperform” rating in a report on Thursday. Finally, SunTrust Banks Inc. increased their price objective on Zumiez from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $17.93.
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Shares of Zumiez (NASDAQ:ZUMZ) traded up 2.46% during midday trading on Friday, reaching $21.67. 1,018,538 shares of the company’s stock traded hands. The company has a market capitalization of $538.07 million, a PE ratio of 28.25 and a beta of 1.56. The stock’s 50 day moving average is $17.29 and its 200-day moving average is $16.49. Zumiez has a 52 week low of $11.53 and a 52 week high of $22.54.
A number of hedge funds have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Zumiez by 31.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 164,013 shares of the apparel and footwear maker’s stock worth $2,347,000 after buying an additional 39,647 shares in the last quarter. Magnetar Financial LLC bought a new stake in Zumiez during the first quarter worth approximately $390,000. Prudential Financial Inc. boosted its stake in Zumiez by 77.1% in the first quarter. Prudential Financial Inc. now owns 81,724 shares of the apparel and footwear maker’s stock worth $1,628,000 after buying an additional 35,589 shares in the last quarter. Nordea Investment Management AB boosted its stake in Zumiez by 440.8% in the second quarter. Nordea Investment Management AB now owns 45,191 shares of the apparel and footwear maker’s stock worth $647,000 after buying an additional 36,834 shares in the last quarter. Finally, Stoneridge Investment Partners LLC boosted its stake in Zumiez by 10.0% in the second quarter. Stoneridge Investment Partners LLC now owns 89,599 shares of the apparel and footwear maker’s stock worth $1,282,000 after buying an additional 8,158 shares in the last quarter. Hedge funds and other institutional investors own 84.11% of the company’s stock.
Zumiez Inc is a specialty retailer of apparel, footwear, accessories and hardgoods for men and women. The Company operates under the names Zumiez and Blue Tomato. Additionally, the Company operates e-commerce Websites at www.zumiez.com and www.blue-tomato.com. Its product categories are men’s apparel, accessories, footwear, hardgoods and junior’s apparel.
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