Zumiez Inc. (NASDAQ:ZUMZ) to Post Q2 2018 Earnings of ($0.06) Per Share, William Blair Forecasts
Zumiez Inc. (NASDAQ:ZUMZ) – Research analysts at William Blair increased their Q2 2018 earnings per share estimates for shares of Zumiez in a report released on Monday. William Blair analyst S. Zackfia now anticipates that the apparel and footwear maker will post earnings per share of ($0.06) for the quarter, up from their prior forecast of ($0.07). William Blair also issued estimates for Zumiez’s Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.76 EPS and FY2019 earnings at $1.06 EPS.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.02. Zumiez had a return on equity of 7.98% and a net margin of 2.79%. The company had revenue of $181.20 million during the quarter, compared to the consensus estimate of $179.35 million. During the same period last year, the company earned ($0.08) earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: This article was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/08/04/zumiez-inc-nasdaqzumz-to-post-q2-2018-earnings-of-0-06-per-share-william-blair-forecasts.html.
ZUMZ has been the subject of several other reports. Jefferies Group LLC restated a “hold” rating and set a $19.00 target price on shares of Zumiez in a report on Monday, May 15th. Zacks Investment Research upgraded Zumiez from a “sell” rating to a “hold” rating in a report on Friday, May 12th. BMO Capital Markets restated a “hold” rating and set a $19.00 target price on shares of Zumiez in a report on Thursday, April 27th. BidaskClub upgraded Zumiez from a “strong sell” rating to a “sell” rating in a report on Monday. Finally, ValuEngine cut Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $20.50.
Shares of Zumiez (ZUMZ) traded up 0.39% during trading on Wednesday, hitting $12.85. The stock had a trading volume of 152,611 shares. The company has a market capitalization of $323.78 million, a PE ratio of 13.54 and a beta of 1.22. Zumiez has a 52 week low of $11.60 and a 52 week high of $26.55. The firm has a 50-day moving average price of $12.44 and a 200 day moving average price of $16.46.
Large investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its stake in Zumiez by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,594 shares of the apparel and footwear maker’s stock valued at $340,000 after buying an additional 88 shares during the period. Texas Permanent School Fund boosted its stake in Zumiez by 2.1% in the second quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock valued at $159,000 after buying an additional 260 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Zumiez by 4.6% in the first quarter. BNP Paribas Arbitrage SA now owns 10,082 shares of the apparel and footwear maker’s stock valued at $185,000 after buying an additional 441 shares during the period. Comerica Bank boosted its stake in Zumiez by 2.9% in the first quarter. Comerica Bank now owns 19,309 shares of the apparel and footwear maker’s stock valued at $350,000 after buying an additional 547 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in Zumiez by 0.5% in the first quarter. Baird Financial Group Inc. now owns 204,743 shares of the apparel and footwear maker’s stock valued at $3,747,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 85.12% of the company’s stock.
Zumiez Company Profile
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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