Research Analysts Issue Forecasts for Zumiez Inc.’s FY2019 Earnings (ZUMZ)
Zumiez Inc. (NASDAQ:ZUMZ) – Equities research analysts at William Blair raised their FY2019 earnings per share estimates for Zumiez in a report issued on Wednesday. William Blair analyst S. Zackfia now expects that the apparel and footwear maker will post earnings per share of $1.13 for the year, up from their previous estimate of $1.12.
Other equities analysts have also issued research reports about the company. B. Riley restated a “buy” rating and set a $18.00 price target on shares of Zumiez in a research note on Wednesday, September 13th. Jefferies Group LLC set a $15.00 price target on Zumiez and gave the stock a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded Zumiez from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BMO Capital Markets set a $16.00 price target on Zumiez and gave the stock a “hold” rating in a research note on Thursday, July 6th. Finally, Robert W. Baird restated a “neutral” rating and set a $17.00 price target on shares of Zumiez in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Zumiez has a consensus rating of “Hold” and an average price target of $19.80.
Shares of Zumiez (ZUMZ) traded down 1.33% on Friday, reaching $18.55. 317,007 shares of the company were exchanged. The firm has a market capitalization of $468.02 million, a PE ratio of 19.34 and a beta of 1.38. The company’s 50 day moving average is $15.20 and its 200 day moving average is $14.79. Zumiez has a 12-month low of $11.43 and a 12-month high of $26.55.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. Zumiez had a net margin of 2.78% and a return on equity of 7.83%. The firm had revenue of $192.20 million for the quarter, compared to analyst estimates of $192.12 million. During the same period in the previous year, the business earned ($0.03) EPS. The company’s revenue was up 7.8% compared to the same quarter last year.
Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Zumiez by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,136,908 shares of the apparel and footwear maker’s stock worth $26,391,000 after purchasing an additional 39,438 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Zumiez by 7.4% during the second quarter. Vanguard Group Inc. now owns 1,776,196 shares of the apparel and footwear maker’s stock worth $21,936,000 after purchasing an additional 123,142 shares in the last quarter. Numeric Investors LLC purchased a new stake in shares of Zumiez during the second quarter worth approximately $7,672,000. FMR LLC increased its position in shares of Zumiez by 6.5% during the second quarter. FMR LLC now owns 595,966 shares of the apparel and footwear maker’s stock worth $7,361,000 after purchasing an additional 36,144 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Zumiez by 34.7% during the first 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 in the last quarter. 80.97% of the stock is owned by institutional investors and hedge funds.
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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