Zumiez Inc. (ZUMZ) Scheduled to Post Earnings on Thursday
Zumiez Inc. (NASDAQ:ZUMZ) is scheduled to be posting its quarterly earnings results on Thursday, December 1st. Zumiez has set its Q3 guidance at $0.21-0.26 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, topping 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 analyst estimates of $177.35 million. During the same period last year, the firm posted $0.12 EPS. Zumiez’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts expect Zumiez to post $0.88 EPS for the current fiscal year and $1.07 EPS for the next fiscal year.
Zumiez Inc. (NASDAQ:ZUMZ) opened at 24.55 on Wednesday. The firm’s 50-day moving average is $23.24 and its 200-day moving average is $17.91. The stock has a market capitalization of $609.58 million, a price-to-earnings ratio of 32.01 and a beta of 1.14. Zumiez Inc. has a 52-week low of $11.53 and a 52-week high of $25.60.
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Several large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in Zumiez during the second quarter valued at approximately $115,000. Jefferies Group LLC bought a new stake in Zumiez during the second quarter valued at approximately $153,000. BlackRock Advisors LLC boosted its stake in Zumiez by 13.8% in the third quarter. BlackRock Advisors LLC now owns 9,455 shares of the apparel and footwear maker’s stock valued at $170,000 after buying an additional 1,145 shares during the period. SG Americas Securities LLC bought a new stake in Zumiez during the third quarter valued at approximately $201,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Zumiez during the third quarter valued at approximately $244,000. Institutional investors and hedge funds own 81.89% of the company’s stock.
A number of brokerages have issued reports on ZUMZ. B. Riley reiterated a “buy” rating and set a $27.00 price target on shares of Zumiez in a research note on Thursday, November 3rd. Mizuho boosted their price target on shares of Zumiez from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Monday, November 7th. Wolfe Research raised Zumiez from an “underperform” rating to a “market perform” rating in a research report on Friday, November 4th. Finally, Robert W. Baird reissued a “neutral” rating and set a $22.00 price objective (up from $19.00) on shares of Zumiez in a research report on Saturday, October 8th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $19.71.
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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