Zumiez Inc. (ZUMZ) Releases Q3 Earnings Guidance
Zumiez Inc. (NASDAQ:ZUMZ) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.43-0.48 for the period, compared to the Thomson Reuters consensus estimate of $0.43. The company issued revenue guidance of $236-241 million, compared to the consensus revenue estimate of $228.21 million.
Zumiez Inc. (ZUMZ) traded up 0.38% during mid-day trading on Thursday, reaching $13.20. The company had a trading volume of 1,122,720 shares. The company has a market capitalization of $332.60 million, a PE ratio of 13.91 and a beta of 1.27. Zumiez Inc. has a 1-year low of $11.43 and a 1-year high of $26.55. The firm has a 50-day moving average of $12.56 and a 200 day moving average of $15.12.
A number of equities analysts have recently commented on ZUMZ shares. BidaskClub upgraded Zumiez from a sell rating to a hold rating in a report on Friday, August 25th. Zacks Investment Research cut Zumiez from a buy rating to a hold rating in a report on Tuesday. Jefferies Group LLC reiterated a hold rating and issued a $19.00 target price on shares of Zumiez in a report on Monday, May 15th. ValuEngine cut Zumiez from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, BMO Capital Markets set a $16.00 target price on Zumiez and gave the stock a hold rating in a report on Tuesday, August 8th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Zumiez has an average rating of Hold and an average price target of $20.05.
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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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