Zumiez Inc. (ZUMZ) Expected to Announce Quarterly Sales of $189.57 Million
Wall Street analysts forecast that Zumiez Inc. (NASDAQ:ZUMZ) will report sales of $189.57 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Zumiez’s earnings. The lowest sales estimate is $189.00 million and the highest is $190.30 million. Zumiez posted sales of $178.27 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The firm is expected to report its next quarterly earnings results on Thursday, September 14th.
On average, analysts expect that Zumiez will report full year sales of $189.57 million for the current year, with estimates ranging from $863.00 million to $888.20 million. For the next fiscal year, analysts forecast that the business will post sales of $896.87 million per share, with estimates ranging from $882.00 million to $919.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Zumiez.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.02. The company had revenue of $181.20 million for the quarter, compared to analysts’ expectations of $179.35 million. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. Zumiez’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) EPS.
Several equities analysts have weighed in on the stock. Jefferies Group LLC set a $15.00 price target on shares of Zumiez and gave the company a “hold” rating in a report on Saturday, June 3rd. BMO Capital Markets set a $16.00 price target on shares of Zumiez and gave the company a “hold” rating in a report on Thursday, July 6th. ValuEngine downgraded shares of Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Zumiez from a “sell” rating to a “hold” rating in a report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $20.50.
Several hedge funds and other institutional investors have recently bought and sold shares of ZUMZ. Hood River Capital Management LLC boosted its position in Zumiez by 107.8% in the first quarter. Hood River Capital Management LLC now owns 743,383 shares of the apparel and footwear maker’s stock worth $13,604,000 after buying an additional 385,587 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Zumiez by 15.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,097,470 shares of the apparel and footwear maker’s stock worth $38,384,000 after buying an additional 274,546 shares during the last quarter. Teachers Advisors LLC boosted its position in Zumiez by 594.9% in the fourth quarter. Teachers Advisors LLC now owns 221,731 shares of the apparel and footwear maker’s stock worth $4,845,000 after buying an additional 189,821 shares during the last quarter. State Street Corp boosted its position in Zumiez by 44.8% in the fourth quarter. State Street Corp now owns 553,880 shares of the apparel and footwear maker’s stock worth $12,099,000 after buying an additional 171,364 shares during the last quarter. Finally, Columbus Circle Investors boosted its position in Zumiez by 38.9% in the first quarter. Columbus Circle Investors now owns 547,469 shares of the apparel and footwear maker’s stock worth $10,019,000 after buying an additional 153,268 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.
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Shares of Zumiez (NASDAQ:ZUMZ) traded up 2.01% during mid-day trading on Thursday, hitting $12.70. 114,719 shares of the company were exchanged. The company has a market capitalization of $320.00 million, a P/E ratio of 13.38 and a beta of 1.21. The company has a 50 day moving average of $12.48 and a 200 day moving average of $16.69. Zumiez has a 52 week low of $11.60 and a 52 week high of $26.55.
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.
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