Zumiez Inc. Expected to Post FY2018 Earnings of $1.21 Per Share (ZUMZ)

Zumiez Inc. (NASDAQ:ZUMZ) – Analysts at Jefferies Group increased their FY2018 earnings per share (EPS) estimates for shares of Zumiez in a research note issued to investors on Thursday. Jefferies Group analyst J. Stichter now expects that the apparel and footwear maker will earn $1.21 per share for the year, up from their previous forecast of $1.10. Jefferies Group has a “Hold” rating and a $22.00 price objective on the stock. Jefferies Group also issued estimates for Zumiez’s Q4 2018 earnings at $0.90 EPS and FY2019 earnings at $1.29 EPS.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The firm had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $244.50 million. During the same period last year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year.

ZUMZ has been the subject of several other reports. Robert W. Baird restated a “neutral” rating and issued a $17.00 price objective on shares of Zumiez in a research note on Tuesday, October 3rd. B. Riley reiterated a “buy” rating and set a $18.00 price target on shares of Zumiez in a research report on Wednesday, September 13th. Zacks Investment Research upgraded Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, September 12th. BMO Capital Markets set a $20.00 price target on Zumiez and gave the company a “hold” rating in a research report on Friday, December 1st. Finally, William Blair reiterated a “buy” rating on shares of Zumiez in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $20.44.

Shares of Zumiez (ZUMZ) traded up $2.45 during trading hours on Friday, hitting $22.95. The stock had a trading volume of 1,685,200 shares, compared to its average volume of 1,268,400. Zumiez has a 1 year low of $11.43 and a 1 year high of $24.44. The stock has a market capitalization of $517.62, a PE ratio of 22.50, a price-to-earnings-growth ratio of 1.05 and a beta of 1.39.

Several institutional investors have recently bought and sold shares of ZUMZ. JPMorgan Chase & Co. boosted its stake in shares of Zumiez by 598.4% in the second quarter. JPMorgan Chase & Co. now owns 31,827 shares of the apparel and footwear maker’s stock worth $393,000 after acquiring an additional 27,270 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Zumiez by 42.4% in the second quarter. Parametric Portfolio Associates LLC now owns 61,333 shares of the apparel and footwear maker’s stock worth $757,000 after acquiring an additional 18,259 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Zumiez in the third quarter worth approximately $269,000. Adams Diversified Equity Fund Inc. boosted its stake in shares of Zumiez by 78.5% in the third quarter. Adams Diversified Equity Fund Inc. now owns 78,700 shares of the apparel and footwear maker’s stock worth $1,424,000 after acquiring an additional 34,600 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its stake in shares of Zumiez by 98.5% in the second quarter. Gotham Asset Management LLC now owns 24,742 shares of the apparel and footwear maker’s stock worth $306,000 after acquiring an additional 12,277 shares during the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

In other news, Director Scott Andrew Bailey sold 7,843 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $20.75, for a total value of $162,742.25. Following the completion of the sale, the director now directly owns 9,908 shares in the company, valued at $205,591. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 27.50% of the stock is currently owned by company insiders.

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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.

Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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