Zumiez Inc. (NASDAQ:ZUMZ) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.29-0.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.24. The company issued revenue guidance of $209.47 million, compared to the consensus revenue estimate of prior $0.21-0.26.
Shares of Zumiez Inc. (NASDAQ:ZUMZ) opened at 18.27 on Thursday. Zumiez Inc. has a 12 month low of $11.53 and a 12 month high of $22.14. The firm has a market capitalization of $453.64 million, a price-to-earnings ratio of 23.82 and a beta of 1.56. The stock’s 50 day moving average price is $17.15 and its 200-day moving average price is $16.46.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.05. The business had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.35 million. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. Zumiez’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 EPS. On average, equities research analysts predict that Zumiez Inc. will post $0.71 EPS for the current fiscal year.
A number of equities research analysts recently commented on the company. B. Riley restated a buy rating and set a $25.00 price target on shares of Zumiez in a research report on Thursday. Stifel Nicolaus restated a hold rating and set a $17.00 price target (up from $16.00) on shares of Zumiez in a research report on Tuesday, September 13th. SunTrust Banks Inc. increased their price target on Zumiez from $15.00 to $17.00 and gave the stock a neutral rating in a research report on Thursday, August 4th. Mizuho increased their price target on Zumiez from $15.00 to $16.00 and gave the stock a neutral rating in a research report on Thursday, August 4th. Finally, BMO Capital Markets restated a market perform rating and set a $16.00 price target on shares of Zumiez in a research report on Saturday, September 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $17.27.
Hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new stake in Zumiez during the second quarter valued at about $115,000. Jefferies Group LLC purchased a new stake in Zumiez during the second quarter valued at about $153,000. KCG Holdings Inc. purchased a new stake in Zumiez during the second quarter valued at about $269,000. Alliancebernstein L.P. increased its stake in Zumiez by 28.5% in the second quarter. Alliancebernstein L.P. now owns 27,486 shares of the apparel and footwear maker’s stock valued at $393,000 after buying an additional 6,100 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in Zumiez by 4.2% in the second quarter. BlackRock Group LTD now owns 32,002 shares of the apparel and footwear maker’s stock valued at $458,000 after buying an additional 1,291 shares in the last quarter. 84.11% of the stock is currently owned by hedge funds and other institutional investors.
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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