Zumiez Inc. (NASDAQ:ZUMZ) – Equities researchers at Wedbush boosted their Q3 2017 earnings estimates for Zumiez in a report released on Thursday. Wedbush analyst M. Brown now expects that the firm will earn $0.32 per share for the quarter, up from their prior forecast of $0.21. Wedbush currently has a “Neutral” rating and a $18.00 target price on the stock. Wedbush also issued estimates for Zumiez’s FY2017 earnings at $0.82 EPS, Q1 2018 earnings at ($0.04) EPS, Q3 2018 earnings at $0.37 EPS, FY2018 earnings at $1.00 EPS and FY2019 earnings at $1.08 EPS.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 8th. The apparel and footwear maker reported ($0.03) EPS for the quarter, beating 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%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 EPS.

Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

ZUMZ has been the topic of a number of other reports. Mizuho boosted their price target on Zumiez from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. SunTrust Banks Inc. boosted their price target on Zumiez from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. B. Riley restated a “neutral” rating and issued a $18.00 price target on shares of Zumiez in a report on Friday, September 9th. Robert W. Baird boosted their price target on Zumiez from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, September 9th. Finally, Jefferies Group restated a “hold” rating and issued a $17.00 price target on shares of Zumiez in a report on Friday, September 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $18.13.

Zumiez (NASDAQ:ZUMZ) opened at 22.55 on Monday. The stock’s 50 day moving average price is $17.62 and its 200-day moving average price is $16.50. Zumiez has a one year low of $11.53 and a one year high of $22.60. The firm has a market cap of $559.92 million, a price-to-earnings ratio of 29.40 and a beta of 1.56.

Several large investors have recently modified their holdings of ZUMZ. Cubist Systematic Strategies LLC bought a new stake in shares of Zumiez during the second quarter valued at about $115,000. Jefferies Group LLC bought a new stake in shares of Zumiez during the second quarter valued at about $153,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Zumiez during the second quarter valued at about $168,000. KCG Holdings Inc. bought a new stake in shares of Zumiez during the second quarter valued at about $269,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Zumiez during the first quarter valued at about $385,000. Institutional investors and hedge funds own 84.11% of the company’s stock.

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.

5 Day Chart for NASDAQ:ZUMZ

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