$0.46 Earnings Per Share Expected for Zumiez Inc. (ZUMZ) This Quarter
Wall Street analysts forecast that Zumiez Inc. (NASDAQ:ZUMZ) will report earnings per share (EPS) of $0.46 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Zumiez’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.48. Zumiez posted earnings of $0.43 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The firm is scheduled to report its next earnings results on Thursday, December 7th.
According to Zacks, analysts expect that Zumiez will report full year earnings of $1.03 per share for the current year, with EPS estimates ranging from $0.94 to $1.06. For the next fiscal year, analysts anticipate that the company will report earnings of $1.12 per share, with EPS estimates ranging from $1.08 to $1.15. Zacks’ EPS averages are an average based on a survey of research analysts that follow Zumiez.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The company had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $192.12 million. During the same period last year, the firm earned ($0.03) EPS. Zumiez’s revenue for the quarter was up 7.8% compared to the same quarter last year.
Several equities research analysts have commented on the stock. Jefferies Group LLC set a $15.00 price target on shares of Zumiez and gave the company a “hold” rating in a report on Saturday, June 3rd. B. Riley reissued a “buy” rating and set a $18.00 target price on shares of Zumiez in a research note on Wednesday. BMO Capital Markets set a $16.00 target price on shares of Zumiez and gave the stock a “hold” rating in a research note on Sunday, September 10th. Zacks Investment Research raised shares of Zumiez from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, September 12th. Finally, BidaskClub raised shares of Zumiez from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $19.50.
Several hedge funds and other institutional investors have recently made changes to their positions in ZUMZ. Numeric Investors LLC acquired a new stake in shares of Zumiez during the 2nd quarter worth approximately $7,672,000. Dimensional Fund Advisors LP boosted its position in shares of Zumiez by 15.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,097,470 shares of the apparel and footwear maker’s stock worth $38,384,000 after purchasing an additional 274,546 shares during the period. Vanguard Group Inc. boosted its position in shares of Zumiez by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 1,653,054 shares of the apparel and footwear maker’s stock worth $30,250,000 after purchasing an additional 136,027 shares during the period. Prudential Financial Inc. boosted its position in shares of Zumiez by 204.4% during the 2nd quarter. Prudential Financial Inc. now owns 177,221 shares of the apparel and footwear maker’s stock worth $2,189,000 after purchasing an additional 118,995 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Zumiez by 34.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 303,863 shares of the apparel and footwear maker’s stock worth $5,561,000 after purchasing an additional 78,233 shares during the period. Institutional investors and hedge funds own 80.97% of the company’s stock.
Zumiez (NASDAQ ZUMZ) opened at 16.95 on Monday. The company has a 50-day moving average price of $13.21 and a 200-day moving average price of $14.99. The company has a market capitalization of $427.65 million, a PE ratio of 17.67 and a beta of 1.27. Zumiez has a one year low of $11.43 and a one year 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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