Wall Street brokerages predict that Zumiez Inc. (NASDAQ:ZUMZ) will post sales of $299.67 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Zumiez’s earnings, with the highest sales estimate coming in at $301.60 million and the lowest estimate coming in at $297.88 million. Zumiez posted sales of $263.64 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Zumiez will report full-year sales of $299.67 million for the current year, with estimates ranging from $917.04 million to $920.70 million. For the next year, analysts expect that the firm will report sales of $959.58 million per share, with estimates ranging from $938.73 million to $986.90 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Zumiez.

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

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Zumiez from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research report on Saturday. B. Riley reissued a “buy” rating and issued a $21.00 price target (up from $18.00) on shares of Zumiez in a research report on Thursday, October 5th. Jefferies Group set a $22.00 price target on shares of Zumiez and gave the company a “hold” rating in a research report on Thursday, January 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $17.00 target price on shares of Zumiez in a report on Tuesday, October 3rd. Finally, William Blair reaffirmed a “buy” rating on shares of Zumiez in a report on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.50.

In related news, Director Scott Andrew Bailey sold 7,843 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $20.75, for a total transaction of $162,742.25. Following the completion of the transaction, the director now directly owns 9,908 shares of the company’s stock, valued at $205,591. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 27.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Thrivent Financial For Lutherans acquired a new position in Zumiez during the second quarter worth about $130,000. Voya Investment Management LLC acquired a new position in Zumiez during the second quarter worth about $142,000. Marshall Wace North America L.P. acquired a new position in Zumiez during the second quarter worth about $155,000. BNP Paribas Arbitrage SA grew its position in Zumiez by 29.1% during the second quarter. BNP Paribas Arbitrage SA now owns 13,016 shares of the apparel and footwear maker’s stock worth $161,000 after buying an additional 2,934 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in Zumiez during the third quarter worth about $199,000. 74.58% of the stock is owned by hedge funds and other institutional investors.

Shares of Zumiez (NASDAQ ZUMZ) traded up $0.45 on Tuesday, reaching $23.00. 391,300 shares of the company were exchanged, compared to its average volume of 943,800. Zumiez has a 52-week low of $11.43 and a 52-week high of $24.44. The stock has a market capitalization of $580.74, a PE ratio of 22.77, a PEG ratio of 1.06 and a beta of 1.39.

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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.

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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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