Brokers Issue Forecasts for Zumiez Inc.’s FY2017 Earnings (ZUMZ)
Zumiez Inc. (NASDAQ:ZUMZ) – Analysts at KeyCorp raised their FY2017 earnings per share (EPS) estimates for Zumiez in a research note issued to investors on Friday. KeyCorp analyst J. Schmidt now forecasts that the brokerage will post earnings per share of $0.81 for the year, up from their prior estimate of $0.76. KeyCorp also issued estimates for Zumiez’s Q3 2018 earnings at $0.32 EPS and Q4 2018 earnings at $0.66 EPS.
Several other brokerages have also recently issued reports on ZUMZ. Jefferies Group reaffirmed a “hold” rating and set a $17.00 price objective on shares of Zumiez in a research note on Friday, September 9th. Robert W. Baird reissued a “neutral” rating and issued a $22.00 price target (up previously from $19.00) on shares of Zumiez in a research note on Saturday. Wedbush increased their price target on shares of Zumiez from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday. B. Riley reissued a “neutral” rating and issued a $18.00 price target on shares of Zumiez in a research note on Wednesday, September 14th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $18.00 price target (up previously from $17.00) on shares of Zumiez in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.13.
Zumiez (NASDAQ:ZUMZ) opened at 21.93 on Monday. Zumiez has a one year low of $11.53 and a one year high of $22.54. The company’s 50-day moving average is $17.45 and its 200 day moving average is $16.51. The stock has a market capitalization of $544.52 million, a price-to-earnings ratio of 28.59 and a beta of 1.56.
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Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The company had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.35 million. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. Zumiez’s revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share.
Several large investors have recently made changes to their positions in ZUMZ. Cubist Systematic Strategies LLC purchased a new stake in shares of Zumiez during the second quarter worth $115,000. Jefferies Group LLC purchased a new stake in shares of Zumiez during the second quarter worth $153,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Zumiez during the second quarter worth $168,000. KCG Holdings Inc. purchased a new stake in shares of Zumiez during the second quarter worth $269,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Zumiez during the first quarter worth $385,000. Institutional investors and hedge funds own 84.11% of the company’s stock.
Zumiez Company Profile
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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