Zumiez Inc. (NASDAQ:ZUMZ) – Stock analysts at William Blair boosted their Q3 2017 earnings estimates for Zumiez in a research report issued to clients and investors on Wednesday. William Blair analyst S. Zackfia now forecasts that the brokerage will post earnings of $0.30 per share for the quarter, up from their previous estimate of $0.26. William Blair has a “Outperform” rating on the stock.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The company earned $178.30 million during the quarter, compared to the consensus estimate of $177.35 million. During the same period in the previous year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis.

Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

ZUMZ has been the subject of several other reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $16.00 price objective on shares of Zumiez in a report on Saturday, September 10th. Mizuho raised their price objective on shares of Zumiez from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 6th. Robert W. Baird raised their price objective on shares of Zumiez from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, September 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 price objective (up from $16.00) on shares of Zumiez in a report on Tuesday, September 13th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Zumiez in a report on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.07.

Zumiez (NASDAQ:ZUMZ) traded up 0.31% during midday trading on Monday, hitting $22.34. 58,162 shares of the stock were exchanged. The firm has a market capitalization of $554.70 million, a P/E ratio of 29.13 and a beta of 1.56. Zumiez has a 1-year low of $11.53 and a 1-year high of $23.07. The firm’s 50-day moving average price is $17.78 and its 200 day moving average price is $16.55.

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Zumiez by 21.6% in the second quarter. FMR LLC now owns 2,620,069 shares of the apparel and footwear maker’s stock worth $37,493,000 after buying an additional 465,011 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Zumiez by 31.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,480,468 shares of the apparel and footwear maker’s stock worth $21,185,000 after buying an additional 352,967 shares during the last quarter. Lombardia Capital Partners LLC boosted its position in Zumiez by 21.3% in the second quarter. Lombardia Capital Partners LLC now owns 1,093,013 shares of the apparel and footwear maker’s stock worth $15,641,000 after buying an additional 192,039 shares during the last quarter. Citadel Advisors LLC purchased a new position in Zumiez during the second quarter worth about $2,851,000. Finally, Massachusetts Financial Services Co. MA boosted its position in Zumiez by 7.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 197,549 shares of the apparel and footwear maker’s stock worth $2,827,000 after buying an additional 14,078 shares during the last quarter. Hedge funds and other institutional investors 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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