Zumiez Inc. (NASDAQ:ZUMZ) – Stock analysts at SunTrust Banks upped their Q3 2017 earnings per share estimates for Zumiez in a research note issued to investors on Thursday. SunTrust Banks analyst P. Quintiliano now forecasts that the firm will post earnings of $0.29 per share for the quarter, up from their previous forecast of $0.21. SunTrust Banks currently has a “Neutral” rating and a $17.00 price target on the stock. SunTrust Banks also issued estimates for Zumiez’s FY2017 earnings at $0.77 EPS.
Other equities research analysts have also issued research reports about the stock. B. Riley upgraded shares of Zumiez from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday. Stifel Nicolaus restated a “hold” rating and set a $18.00 price target (up previously from $17.00) on shares of Zumiez in a report on Thursday. Jefferies Group restated a “hold” rating and set a $17.00 price target on shares of Zumiez in a report on Friday, September 9th. BMO Capital Markets restated a “market perform” rating and set a $16.00 price target on shares of Zumiez in a report on Saturday, September 10th. Finally, Robert W. Baird boosted their price target on shares of Zumiez from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.13.
Shares of Zumiez (NASDAQ:ZUMZ) opened at 21.93 on Monday. The stock has a market cap of $544.52 million, a P/E ratio of 28.59 and a beta of 1.56. Zumiez has a 1-year low of $11.53 and a 1-year high of $22.54. The company’s 50-day moving average is $17.45 and its 200 day moving average is $16.51.
Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.05. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The business had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.35 million. During the same quarter last year, the firm posted $0.12 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of ZUMZ. Nisa Investment Advisors L.L.C. boosted its position in Zumiez by 36.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 25,500 shares of the apparel and footwear maker’s stock valued at $508,000 after buying an additional 6,800 shares during the last quarter. Prudential Financial Inc. boosted its position in Zumiez by 77.1% in the first quarter. Prudential Financial Inc. now owns 81,724 shares of the apparel and footwear maker’s stock valued at $1,628,000 after buying an additional 35,589 shares during the last quarter. Menta Capital LLC boosted its position in Zumiez by 16.7% in the first quarter. Menta Capital LLC now owns 31,470 shares of the apparel and footwear maker’s stock valued at $627,000 after buying an additional 4,497 shares during the last quarter. UBS Group AG boosted its position in Zumiez by 3.5% in the first quarter. UBS Group AG now owns 82,145 shares of the apparel and footwear maker’s stock valued at $1,636,000 after buying an additional 2,816 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in Zumiez during the first quarter valued at approximately $385,000. 84.11% of the stock is owned by institutional investors and hedge funds.
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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