Brokerages Anticipate Zumiez Inc. (ZUMZ) Will Announce Quarterly Sales of $191.60 Million
Wall Street analysts expect Zumiez Inc. (NASDAQ:ZUMZ) to report $191.60 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Zumiez’s earnings, with the lowest sales estimate coming in at $189.00 million and the highest estimate coming in at $192.90 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 7.5%. The business is expected to announce its next earnings report after the market closes on Thursday, September 7th.
According to Zacks, analysts expect that Zumiez will report full year sales of $191.60 million for the current fiscal year, with estimates ranging from $863.00 million to $890.80 million. For the next year, analysts anticipate that the firm will report sales of $899.70 million per share, with estimates ranging from $882.00 million to $921.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Zumiez.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, June 1st. The apparel and footwear maker reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.02. The company had revenue of $181.20 million during the quarter, compared to analysts’ expectations of $179.35 million. Zumiez had a return on equity of 7.98% and a net margin of 2.79%. Zumiez’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) earnings per share.
Several equities analysts recently weighed in on the stock. BMO Capital Markets restated a “market perform” rating and set a $16.00 target price (down previously from $19.00) on shares of Zumiez in a report on Monday, June 5th. Jefferies Group LLC set a $15.00 target price on shares of Zumiez and gave the company a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. ValuEngine lowered shares of Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Zumiez from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.85.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System raised its position in Zumiez by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,594 shares of the apparel and footwear maker’s stock worth $340,000 after buying an additional 88 shares during the last quarter. Texas Permanent School Fund raised its position in Zumiez by 2.1% in the second quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock worth $159,000 after buying an additional 260 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Zumiez by 4.6% in the first quarter. BNP Paribas Arbitrage SA now owns 10,082 shares of the apparel and footwear maker’s stock worth $185,000 after buying an additional 441 shares during the last quarter. Comerica Bank raised its position in Zumiez by 2.9% in the first quarter. Comerica Bank now owns 19,309 shares of the apparel and footwear maker’s stock worth $350,000 after buying an additional 547 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in Zumiez by 0.5% in the first quarter. Baird Financial Group Inc. now owns 204,743 shares of the apparel and footwear maker’s stock worth $3,747,000 after buying an additional 1,000 shares during the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.
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Zumiez (NASDAQ:ZUMZ) traded down 1.829% during mid-day trading on Monday, reaching $12.075. The company had a trading volume of 117,100 shares. The firm has a market capitalization of $304.25 million, a PE ratio of 12.724 and a beta of 1.22. The stock’s 50-day moving average price is $12.48 and its 200 day moving average price is $16.12. Zumiez has a 52 week low of $11.60 and a 52 week high of $26.55.
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.
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