Brokers Issue Forecasts for Zumiez Inc.’s FY2017 Earnings (ZUMZ)
Zumiez Inc. (NASDAQ:ZUMZ) – Analysts at KeyCorp lifted their FY2017 earnings per share (EPS) estimates for Zumiez in a note issued to investors on Friday. KeyCorp analyst J. Schmidt now expects that the brokerage will earn $0.81 per share for the year, up from their previous estimate of $0.76. KeyCorp also issued estimates for Zumiez’s Q3 2018 earnings at $0.32 EPS and Q4 2018 earnings at $0.66 EPS.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share for the quarter, beating the 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 firm earned $178.30 million during the quarter, compared to analyst estimates of $177.35 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year.
Other equities analysts also recently issued research reports about the company. Jefferies Group reiterated a “hold” rating and set a $17.00 price target on shares of Zumiez in a report on Friday, September 9th. Robert W. Baird reiterated a “neutral” rating and set a $22.00 price target (up previously from $19.00) on shares of Zumiez in a report on Saturday. Wedbush increased their price target on Zumiez from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday. B. Riley reiterated a “neutral” rating and set a $18.00 price target on shares of Zumiez in a report on Wednesday, September 14th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $18.00 price target (up previously from $17.00) on shares of Zumiez in a report on Thursday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Zumiez 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 company has a market cap of $544.52 million, a price-to-earnings 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 firm’s 50-day moving average is $17.45 and its 200 day moving average is $16.51.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its position in shares of 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 during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of 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 during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Zumiez during the second quarter worth about $1,789,000. Cubist Systematic Strategies LLC bought a new position in shares of Zumiez during the second quarter worth about $115,000. Finally, A.R.T. Advisors LLC boosted its position 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 last quarter. 84.11% of the stock is 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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