Zumiez Inc. (ZUMZ) Forecasted to Earn Q4 2017 Earnings of $0.62 Per Share
Zumiez Inc. (NASDAQ:ZUMZ) – Equities research analysts at Wedbush boosted their Q4 2017 earnings per share estimates for shares of Zumiez in a report released on Thursday. Wedbush analyst M. Brown now forecasts that the brokerage will earn $0.62 per share for the quarter, up from their previous estimate of $0.56. Wedbush has a “Neutral” rating and a $18.00 price objective on the stock. Wedbush also issued estimates for Zumiez’s Q2 2018 earnings at $0.01 EPS and Q4 2018 earnings at $0.67 EPS.
A number of other analysts have also recently commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 price target (up previously from $16.00) on shares of Zumiez in a research report on Tuesday, September 13th. William Blair raised shares of Zumiez from a “market perform” rating to an “outperform” rating in a research report on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and set a $16.00 price target on shares of Zumiez in a research report on Saturday, September 10th. Mizuho upped their price target on shares of Zumiez from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, SunTrust Banks Inc. upped their price target on shares of Zumiez from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Two 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’s stock. Zumiez currently has an average rating of “Hold” and a consensus target price of $17.93.
Zumiez (NASDAQ:ZUMZ) traded up 2.41% during mid-day trading on Friday, hitting $21.66. The company had a trading volume of 1,018,438 shares. The company’s 50 day moving average price is $17.29 and its 200-day moving average price is $16.49. Zumiez has a 12-month low of $11.53 and a 12-month high of $22.54. The firm has a market capitalization of $537.82 million, a PE ratio of 28.24 and a beta of 1.56.
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, beating analysts’ consensus estimates of ($0.08) by $0.05. The business had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.35 million. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. Zumiez’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its position in 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 worth $1,702,000 after buying an additional 1,937 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in 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 worth $1,961,000 after buying an additional 13,563 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Zumiez during the second quarter worth $1,789,000. Cubist Systematic Strategies LLC bought a new position in Zumiez during the second quarter worth $115,000. Finally, A.R.T. Advisors LLC increased its position in 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 in the last quarter. 84.11% of the stock is 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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