Zumiez (NASDAQ:ZUMZ) updated its fourth quarter 2019
After-Hours earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 1.34-1.38 for the period, compared to the Thomson Reuters consensus estimate of $1.30.
A number of equities analysts recently issued reports on the stock. ValuEngine downgraded shares of Zumiez from a sell rating to a strong sell rating in a research note on Friday, January 3rd. Wedbush increased their price target on shares of Zumiez from $17.00 to $25.00 and gave the stock an underperform rating in a research note on Friday, December 6th. BidaskClub downgraded shares of Zumiez from a strong-buy rating to a buy rating in a research note on Wednesday, November 13th. B. Riley increased their price target on shares of Zumiez from $32.00 to $37.00 and gave the stock a buy rating in a research note on Friday, December 6th. Finally, Robert W. Baird increased their price target on shares of Zumiez from $33.00 to $35.00 and gave the stock a neutral rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $32.14.
ZUMZ traded down $0.74 during trading on Monday, hitting $33.04. The company’s stock had a trading volume of 465,126 shares, compared to its average volume of 353,278. The firm has a market cap of $871.62 million, a PE ratio of 18.46, a P/E/G ratio of 1.15 and a beta of 1.49. Zumiez has a one year low of $18.38 and a one year high of $35.68. The business’s 50 day simple moving average is $32.33 and its 200-day simple moving average is $29.09. The company has a quick ratio of 1.16, a current ratio of 2.20 and a debt-to-equity ratio of 0.67.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.15. Zumiez had a net margin of 5.80% and a return on equity of 14.42%. The company had revenue of $264.02 million for the quarter, compared to the consensus estimate of $260.86 million. During the same period in the previous year, the firm posted $0.55 EPS. Zumiez’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts expect that Zumiez will post 2.44 EPS for the current fiscal year.
In related news, insider Adam Christopher Ellis sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $31.73, for a total transaction of $79,325.00. Following the completion of the transaction, the insider now owns 37,921 shares in the company, valued at approximately $1,203,233.33. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chris K. Visser sold 4,095 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $34.00, for a total transaction of $139,230.00. The disclosure for this sale can be found here. Insiders have sold a total of 174,231 shares of company stock valued at $5,603,473 in the last quarter. 23.10% of the stock is currently owned by company insiders.
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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