Equities research analysts forecast that West Marine, Inc. (NASDAQ:WMAR) will post $194.69 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for West Marine’s earnings. The lowest sales estimate is $193.48 million and the highest is $195.90 million. West Marine posted sales of $191.85 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.5%. The firm is scheduled to report its next quarterly earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that West Marine will report full year sales of $194.69 million for the current financial year, with estimates ranging from $708.50 million to $711.44 million. For the next fiscal year, analysts forecast that the company will post sales of $724.85 million per share, with estimates ranging from $715.70 million to $734.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover West Marine.

WMAR has been the subject of a number of recent analyst reports. Zacks Investment Research lowered West Marine from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. TheStreet raised West Marine from a “c+” rating to a “b” rating in a report on Thursday, April 27th. BidaskClub raised West Marine from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Forward View raised West Marine from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, B. Riley lowered West Marine to a “neutral” rating and set a $12.97 target price for the company. in a report on Sunday, July 16th. Five investment analysts have rated the stock with a hold rating, West Marine presently has a consensus rating of “Hold” and an average price target of $9.99.

Shares of West Marine (NASDAQ WMAR) opened at 12.91 on Wednesday. West Marine has a 52-week low of $7.77 and a 52-week high of $13.01. The company’s 50-day moving average is $12.60 and its 200 day moving average is $10.44. The company has a market cap of $326.35 million, a PE ratio of 40.85 and a beta of 1.31.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AXA raised its position in West Marine by 30.1% in the first quarter. AXA now owns 96,788 shares of the specialty retailer’s stock worth $923,000 after buying an additional 22,415 shares during the last quarter. State Street Corp raised its position in West Marine by 7.2% in the fourth quarter. State Street Corp now owns 278,616 shares of the specialty retailer’s stock worth $2,916,000 after buying an additional 18,759 shares during the last quarter. Oxford Asset Management bought a new position in West Marine during the first quarter worth $539,000. B. Riley Financial Inc. acquired a new position in shares of West Marine during the first quarter valued at approximately $544,000. Finally, Hancock Holding Co. acquired a new position in shares of West Marine during the first quarter valued at approximately $186,000. 60.72% of the stock is owned by institutional investors and hedge funds.

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About West Marine

West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.

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Earnings History and Estimates for West Marine (NASDAQ:WMAR)

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