Zumiez (ZUMZ) Issues Q4 Earnings Guidance
Zumiez (NASDAQ:ZUMZ) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.78-0.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.79. The company issued revenue guidance of $291-297 million, compared to the consensus revenue estimate of $288.49 million.
A number of research analysts have recently issued reports on ZUMZ shares. B. Riley reaffirmed a buy rating and set a $21.00 price objective (up from $18.00) on shares of Zumiez in a research note on Thursday, October 5th. BMO Capital Markets set a $16.00 price objective on Zumiez and gave the company a hold rating in a research note on Tuesday, August 8th. Robert W. Baird reaffirmed a neutral rating and set a $17.00 price objective on shares of Zumiez in a research note on Tuesday, October 3rd. BidaskClub raised Zumiez from a sell rating to a hold rating in a research note on Friday, August 25th. Finally, Zacks Investment Research raised Zumiez from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research note on Tuesday, September 12th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $18.50.
Shares of Zumiez (NASDAQ:ZUMZ) traded up $0.75 during trading hours on Thursday, hitting $20.85. The stock had a trading volume of 737,700 shares, compared to its average volume of 500,019. Zumiez has a 52-week low of $11.43 and a 52-week high of $26.55. The company has a market capitalization of $526.06, a PE ratio of 20.72, a P/E/G ratio of 1.05 and a beta of 1.33.
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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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