Zumiez Inc. (ZUMZ) Expected to Earn Q2 2018 Earnings of ($0.06) Per Share
Zumiez Inc. (NASDAQ:ZUMZ) – B. Riley upped their Q2 2018 earnings per share (EPS) estimates for shares of Zumiez in a research note issued to investors on Wednesday. B. Riley analyst J. Van. Sinderen now forecasts that the apparel and footwear maker will earn ($0.06) per share for the quarter, up from their prior forecast of ($0.07). B. Riley currently has a “Buy” rating and a $18.00 price target on the stock.
A number of other research firms have also recently issued reports on ZUMZ. Zacks Investment Research upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Jefferies Group LLC restated a “hold” rating and set a $19.00 price target on shares of Zumiez in a report on Monday, May 15th. ValuEngine cut shares of Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BMO Capital Markets restated a “market perform” rating and set a $16.00 price target (down from $19.00) on shares of Zumiez in a report on Monday, June 5th. Finally, Robert W. Baird restated a “hold” rating and set a $17.00 price target on shares of Zumiez in a report on Friday. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $19.20.
Zumiez (NASDAQ ZUMZ) opened at 13.20 on Friday. The company has a 50 day moving average price of $12.56 and a 200 day moving average price of $15.10. The firm has a market cap of $332.60 million, a PE ratio of 13.91 and a beta of 1.27. Zumiez has a 1-year low of $11.43 and a 1-year high of $26.55.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Zumiez had a return on equity of 7.98% and a net margin of 2.79%. The business had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $192.12 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year.
Large investors have recently bought and sold shares of the stock. First Mercantile Trust Co. raised its position in Zumiez by 44.1% in the first quarter. First Mercantile Trust Co. now owns 8,865 shares of the apparel and footwear maker’s stock worth $162,000 after purchasing an additional 2,715 shares in the last quarter. Invictus RG acquired a new position in Zumiez in the first quarter worth about $163,000. Eagle Global Advisors LLC acquired a new position in Zumiez in the second quarter worth about $124,000. 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 purchasing an additional 441 shares in the last quarter. Finally, Thrivent Financial For Lutherans acquired a new position in Zumiez in the second quarter worth about $130,000. 81.81% of the stock is owned by hedge funds and other 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.
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