Zumiez Inc. (NASDAQ:ZUMZ) – Investment analysts at William Blair increased their Q2 2018 earnings estimates for shares of Zumiez in a research report issued to clients and investors on Wednesday. William Blair analyst S. Zackfia now expects that the apparel and footwear maker will post earnings of ($0.05) per share for the quarter, up from their previous estimate of ($0.06). William Blair also issued estimates for Zumiez’s Q3 2018 earnings at $0.47 EPS and FY2019 earnings at $1.07 EPS.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.02. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The firm had revenue of $181.20 million during the quarter, compared to analysts’ expectations of $179.35 million. During the same period in the previous year, the company earned ($0.08) earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. TRADEMARK VIOLATION WARNING: “Q2 2018 EPS Estimates for Zumiez Inc. Raised by William Blair (ZUMZ)” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/08/07/q2-2018-eps-estimates-for-zumiez-inc-raised-by-william-blair-zumz.html.

ZUMZ has been the subject of a number of other reports. Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 target price on shares of Zumiez in a research note on Monday, May 15th. Zacks Investment Research upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. BMO Capital Markets reiterated a “hold” rating and issued a $19.00 target price on shares of Zumiez in a research note on Thursday, April 27th. BidaskClub upgraded shares of Zumiez from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, ValuEngine cut shares of Zumiez from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $20.85.

Zumiez (ZUMZ) opened at 12.85 on Monday. Zumiez has a 12-month low of $11.60 and a 12-month high of $26.55. The stock has a market capitalization of $323.78 million, a PE ratio of 13.54 and a beta of 1.22. The stock’s 50 day moving average is $12.44 and its 200 day moving average is $16.46.

A number of institutional investors have recently bought and sold shares of the company. Hood River Capital Management LLC raised 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 valued at $13,604,000 after buying an additional 385,587 shares during the period. Dimensional Fund Advisors LP raised 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 valued at $38,384,000 after buying an additional 274,546 shares during the period. Teachers Advisors LLC raised 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 valued at $4,845,000 after buying an additional 189,821 shares during the period. State Street Corp raised 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 valued at $12,099,000 after buying an additional 171,364 shares during the period. Finally, Columbus Circle Investors raised 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 valued at $10,019,000 after buying an additional 153,268 shares during the period. 84.82% of the stock is owned by institutional investors.

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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