Zumiez Inc. (NASDAQ:ZUMZ) – Analysts at Wedbush increased their Q3 2017 earnings per share estimates for Zumiez in a note issued to investors on Thursday. Wedbush analyst M. Brown now anticipates that the brokerage will post earnings of $0.32 per share for the quarter, up from their previous estimate of $0.21. Wedbush currently has a “Neutral” rating and a $18.00 price target on the stock. Wedbush also issued estimates for Zumiez’s FY2017 earnings at $0.82 EPS, Q1 2018 earnings at ($0.04) EPS, Q3 2018 earnings at $0.37 EPS, FY2018 earnings at $1.00 EPS and FY2019 earnings at $1.08 EPS.
A number of other research firms have also issued reports on ZUMZ. Jefferies Group reaffirmed a “hold” rating and set a $17.00 target price on shares of Zumiez in a report on Friday, September 9th. Robert W. Baird reaffirmed a “neutral” rating and set a $22.00 target price (up previously from $19.00) on shares of Zumiez in a report on Saturday. B. Riley reaffirmed a “neutral” rating and set a $18.00 target price on shares of Zumiez in a report on Wednesday, September 14th. Stifel Nicolaus reaffirmed a “hold” rating and set a $18.00 target price (up previously from $17.00) on shares of Zumiez in a report on Thursday, October 6th. Finally, Mizuho upped their target price on shares of Zumiez from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Zumiez presently has an average rating of “Hold” and a consensus target price of $18.13.
Shares of Zumiez (NASDAQ:ZUMZ) opened at 22.55 on Monday. The company has a market cap of $559.92 million, a price-to-earnings ratio of 29.40 and a beta of 1.56. Zumiez has a one year low of $11.53 and a one year high of $22.60. The company’s 50-day moving average is $17.62 and its 200-day moving average is $16.50.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The firm earned $178.30 million during the quarter, compared to analyst estimates of $177.35 million. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS.
A number of hedge funds have recently modified their holdings of ZUMZ. Public Employees Retirement System of Ohio boosted its stake in shares of Zumiez by 1.7% in the second quarter. Public Employees Retirement System of Ohio now owns 118,950 shares of the apparel and footwear maker’s stock valued at $1,702,000 after buying an additional 1,937 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Zumiez by 11.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 136,979 shares of the apparel and footwear maker’s stock valued at $1,961,000 after buying an additional 13,563 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Zumiez during the second quarter valued at $1,789,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Zumiez during the second quarter valued at $115,000. Finally, A.R.T. Advisors LLC boosted its stake in shares of Zumiez by 5.4% in the second quarter. A.R.T. Advisors LLC now owns 40,474 shares of the apparel and footwear maker’s stock valued at $579,000 after buying an additional 2,085 shares during the period. 84.11% of the stock is currently owned by hedge funds and other institutional investors.
Zumiez Company Profile
Zumiez Inc is a specialty retailer of apparel, footwear, accessories and hardgoods for men and women. The Company operates under the names Zumiez and Blue Tomato. Additionally, the Company operates e-commerce Websites at www.zumiez.com and www.blue-tomato.com. Its product categories are men’s apparel, accessories, footwear, hardgoods and junior’s apparel.
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