Zumiez Inc. (NASDAQ:ZUMZ) – Research analysts at William Blair upped their Q4 2018 earnings per share estimates for Zumiez in a research note issued on Wednesday. William Blair analyst S. Zackfia now anticipates that the apparel and footwear maker will earn $0.90 per share for the quarter, up from their prior estimate of $0.80. William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Zumiez’s Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $1.06 EPS, FY2019 earnings at $1.40 EPS and FY2020 earnings at $1.55 EPS.
A number of other analysts also recently issued reports on ZUMZ. Jefferies Group reaffirmed a “hold” rating and issued a $21.00 price objective on shares of Zumiez in a research note on Sunday, December 3rd. B. Riley set a $23.00 target price on Zumiez and gave the stock a “buy” rating in a report on Friday, December 1st. BMO Capital Markets set a $16.00 price objective on Zumiez and gave the company a “hold” rating in a report on Sunday, September 10th. Robert W. Baird restated a “hold” rating and set a $17.00 price objective on shares of Zumiez in a report on Friday, September 8th. Finally, Zacks Investment Research upgraded Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, September 12th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.44.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, November 30th. The apparel and footwear maker reported $0.48 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 for the quarter, compared to the consensus estimate of $244.50 million. During the same quarter last year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year.
Large investors have recently made changes to their positions in the stock. Thrivent Financial For Lutherans acquired a new position in Zumiez during the 2nd quarter valued at about $130,000. Russell Investments Group Ltd. acquired a new position in Zumiez during the 3rd quarter valued at about $199,000. Voya Investment Management LLC purchased a new stake in Zumiez during the 2nd quarter valued at about $142,000. ClariVest Asset Management LLC purchased a new stake in Zumiez during the 3rd quarter valued at about $212,000. Finally, Marshall Wace North America L.P. purchased a new stake in Zumiez during the 2nd quarter valued at about $155,000. 74.58% of the stock is currently owned by institutional investors.
In related news, Director Scott Andrew Bailey sold 7,843 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $20.75, for a total transaction of $162,742.25. Following the transaction, the director now directly owns 9,908 shares of the company’s stock, valued at approximately $205,591. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 27.50% of the company’s stock.
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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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