Jefferies Group Analysts Decrease Earnings Estimates for Zumiez Inc. (ZUMZ)

Zumiez Inc. (NASDAQ:ZUMZ) – Equities research analysts at Jefferies Group dropped their FY2018 earnings estimates for shares of Zumiez in a report issued on Thursday. Jefferies Group analyst J. Stichter now forecasts that the apparel and footwear maker will post earnings of $1.20 per share for the year, down from their previous estimate of $1.21. Jefferies Group currently has a “Hold” rating and a $22.00 target price on the stock. Jefferies Group also issued estimates for Zumiez’s FY2019 earnings at $1.29 EPS.

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

A number of other analysts also recently issued reports on the company. William Blair reiterated a “buy” rating on shares of Zumiez in a research report on Thursday, January 4th. B. Riley set a $23.00 price target on Zumiez and gave the company a “buy” rating in a research report on Friday, December 1st. 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. Zacks Investment Research downgraded 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, January 6th. Finally, BidaskClub downgraded Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $20.57.

Shares of Zumiez (NASDAQ ZUMZ) opened at $19.35 on Monday. The stock has a market capitalization of $488.59, a PE ratio of 18.97, a PEG ratio of 0.75 and a beta of 1.29. Zumiez has a 12-month low of $11.43 and a 12-month high of $24.44.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of Zumiez by 598.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,827 shares of the apparel and footwear maker’s stock valued at $393,000 after buying an additional 27,270 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Zumiez by 42.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 61,333 shares of the apparel and footwear maker’s stock valued at $757,000 after buying an additional 18,259 shares in the last quarter. Fulcrum Capital LLC purchased a new position in shares of Zumiez during the 4th quarter valued at about $400,000. Algert Global LLC purchased a new position in shares of Zumiez during the 3rd quarter valued at about $269,000. Finally, Adams Diversified Equity Fund Inc. raised its holdings in shares of Zumiez by 78.5% during the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 78,700 shares of the apparel and footwear maker’s stock valued at $1,424,000 after buying an additional 34,600 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

In related news, Director Scott Andrew Bailey sold 7,843 shares of the firm’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 legal filing with the SEC, which is accessible through this link. Company insiders own 27.50% of the company’s stock.

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About Zumiez

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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