Zumiez Inc. (ZUMZ) Releases Q3 Earnings Guidance
Zumiez Inc. (NASDAQ:ZUMZ) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.29-0.30 for the period, compared to the Thomson Reuters consensus 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.
Several research analysts have issued reports on the company. Stifel Nicolaus reiterated a hold rating and issued a $17.00 price objective (up previously from $16.00) on shares of Zumiez in a research report on Tuesday, September 13th. BMO Capital Markets reiterated a market perform rating and issued a $16.00 price objective on shares of Zumiez in a research report on Saturday, September 10th. SunTrust Banks Inc. increased their price objective on Zumiez from $15.00 to $17.00 and gave the stock a neutral rating in a research report on Thursday, August 4th. B. Riley reiterated a neutral rating and issued a $16.00 price objective on shares of Zumiez in a research report on Wednesday, June 8th. Finally, Mizuho increased their price objective on Zumiez from $15.00 to $16.00 and gave the stock a neutral rating in a research report on Thursday, August 4th. Two equities research 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 stock has an average rating of Hold and an average target price of $17.27.
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 stock has a 50 day moving average price of $17.15 and a 200-day moving average price of $16.46. The stock has a market capitalization of $453.64 million, a P/E ratio of 23.82 and a beta of 1.56.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. The company 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 earnings per share. Equities research analysts expect that Zumiez Inc. will post $0.71 EPS for the current year.
Several large investors have recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new stake in shares of Zumiez during the second quarter worth about $1,789,000. Cubist Systematic Strategies LLC bought a new stake in shares of Zumiez during the second quarter worth about $115,000. A.R.T. Advisors LLC raised 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 worth $579,000 after buying an additional 2,085 shares during the period. Guggenheim Capital LLC raised its stake in shares of Zumiez by 4.3% in the second quarter. Guggenheim Capital LLC now owns 93,489 shares of the apparel and footwear maker’s stock worth $1,338,000 after buying an additional 3,821 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of Zumiez during the second quarter worth about $2,851,000. 84.11% of the stock is currently owned by 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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