FY2017 Earnings Forecast for Zumiez Inc. (ZUMZ) Issued By William Blair
Zumiez Inc. (NASDAQ:ZUMZ) – Stock analysts at William Blair boosted their FY2017 earnings estimates for shares of Zumiez in a research note issued on Wednesday. William Blair analyst S. Zackfia now anticipates that the brokerage will earn $0.77 per share for the year, up from their prior forecast of $0.65. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Zumiez’s Q4 2017 earnings at $0.59 EPS and FY2018 earnings at $0.91 EPS.
ZUMZ has been the topic of a number of other research reports. BMO Capital Markets restated a “market perform” rating and set a $16.00 target price on shares of Zumiez in a report on Saturday, September 10th. Robert W. Baird raised their target price on Zumiez from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, September 9th. Mizuho raised their target price on Zumiez from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday. Jefferies Group restated a “hold” rating and set a $17.00 target price on shares of Zumiez in a report on Friday, September 9th. Finally, Wedbush raised their target price on Zumiez from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Zumiez presently has an average rating of “Hold” and an average target price of $18.13.
Shares of Zumiez (NASDAQ:ZUMZ) opened at 21.93 on Friday. The company has a market cap of $544.52 million, a PE ratio of 28.59 and a beta of 1.56. Zumiez has a 52 week low of $11.53 and a 52 week high of $22.54. The company has a 50 day moving average price of $17.45 and a 200 day moving average price of $16.51.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The business earned $178.30 million during the quarter, compared to analysts’ expectations of $177.35 million. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in Zumiez during the second quarter valued at $115,000. Jefferies Group LLC bought a new position in Zumiez during the second quarter valued at $153,000. Quantitative Systematic Strategies LLC bought a new position in Zumiez during the second quarter valued at $168,000. Arizona State Retirement System bought a new position in Zumiez during the first quarter valued at $204,000. Finally, KCG Holdings Inc. bought a new position in Zumiez during the second quarter valued at $269,000. 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.
Receive News & Stock Ratings for Zumiez Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez Inc. and related stocks with our FREE daily email newsletter.