William Blair Research Analysts Raise Earnings Estimates for Zumiez Inc. (ZUMZ)
Zumiez Inc. (NASDAQ:ZUMZ) – Equities researchers at William Blair lifted their Q3 2017 earnings per share estimates for shares of Zumiez in a note issued to investors on Wednesday. William Blair analyst S. Zackfia now expects that the firm will post earnings per share of $0.30 for the quarter, up from their previous forecast of $0.26. William Blair has a “Outperform” rating on the stock.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. The firm earned $178.30 million during 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS.
Several other research firms also recently issued reports on ZUMZ. Robert W. Baird reaffirmed a “neutral” rating and set a $22.00 price objective (up from $19.00) on shares of Zumiez in a report on Saturday. B. Riley upgraded shares of Zumiez from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday. Mizuho upped their target price on shares of Zumiez from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday. Wedbush upped their target price on shares of Zumiez from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $18.00 target price (up from $17.00) on shares of Zumiez in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.13.
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Zumiez (NASDAQ:ZUMZ) opened at 21.93 on Monday. The firm’s 50-day moving average is $17.45 and its 200-day moving average is $16.51. The firm has a market capitalization of $544.52 million, a price-to-earnings ratio of 28.59 and a beta of 1.56. Zumiez has a 1-year low of $11.53 and a 1-year high of $22.54.
Large investors have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of 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. Nordea Investment Management AB raised its stake in shares of 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. Prudential Financial Inc. raised its stake in shares of 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. Magnetar Financial LLC bought a new stake in shares of Zumiez during the first quarter worth approximately $390,000. Finally, Stoneridge Investment Partners LLC raised its stake in shares of 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. 84.11% of the stock is currently owned by hedge funds and other institutional investors.
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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