Zumiez (NASDAQ:ZUMZ) updated its first quarter 2019 earnings guidance on Thursday. The company provided EPS guidance of $-0.13–0.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.05. The company issued revenue guidance of $202-206 million, compared to the consensus revenue estimate of $213.07 million.
Several research firms have recently commented on ZUMZ. BidaskClub raised Zumiez from a sell rating to a hold rating in a report on Monday, February 25th. Pivotal Research cut Zumiez from a buy rating to a hold rating and reduced their price target for the company from $28.00 to $26.00 in a report on Monday. Zacks Investment Research cut Zumiez from a buy rating to a hold rating in a report on Saturday, January 26th. ValuEngine raised Zumiez from a sell rating to a hold rating in a report on Thursday, January 10th. Finally, B. Riley reduced their price target on Zumiez to $32.00 and set a buy rating for the company in a report on Monday, December 3rd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $25.14.
Zumiez stock traded down $1.65 during midday trading on Thursday, reaching $23.68. The stock had a trading volume of 1,093,963 shares, compared to its average volume of 450,042. Zumiez has a twelve month low of $17.57 and a twelve month high of $32.70. The stock has a market capitalization of $627.55 million, a P/E ratio of 21.53, a PEG ratio of 1.07 and a beta of 1.24.
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Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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