William Blair Analysts Lift Earnings Estimates for Zumiez Inc. (ZUMZ)
Zumiez Inc. (NASDAQ:ZUMZ) – Investment analysts at William Blair boosted their FY2018 earnings estimates for Zumiez in a research note issued on Thursday. William Blair analyst S. Zackfia now anticipates that the apparel and footwear maker will post earnings per share of $1.05 for the year, up from their prior estimate of $0.99.
Other equities analysts have also issued reports about the company. BMO Capital Markets restated a “market perform” rating and set a $16.00 target price (down from $19.00) on shares of Zumiez in a report on Monday, June 5th. Jefferies Group LLC set a $15.00 price objective on Zumiez and gave the stock a “hold” rating in a research note on Saturday, June 3rd. B. Riley upgraded Zumiez from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $17.00 to $18.00 in a research note on Friday. Zacks Investment Research lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, ValuEngine lowered Zumiez from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Zumiez presently has a consensus rating of “Hold” and a consensus price target of $19.20.
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Shares of Zumiez (NASDAQ:ZUMZ) opened at 16.30 on Monday. The firm has a market cap of $410.71 million, a price-to-earnings ratio of 17.18 and a beta of 1.27. The stock has a 50 day moving average price of $12.66 and a 200-day moving average price of $15.11. Zumiez has a 1-year low of $11.43 and a 1-year high of $26.55.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The business had revenue of $192.20 million during the quarter, compared to analyst estimates of $192.12 million. During the same quarter last year, the firm earned ($0.03) earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZUMZ. Numeric Investors LLC acquired a new stake in Zumiez during the second quarter valued at approximately $7,672,000. Dimensional Fund Advisors LP boosted its holdings in Zumiez by 15.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,097,470 shares of the apparel and footwear maker’s stock valued at $38,384,000 after purchasing an additional 274,546 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Zumiez by 9.0% during the first quarter. Vanguard Group Inc. now owns 1,653,054 shares of the apparel and footwear maker’s stock valued at $30,250,000 after purchasing an additional 136,027 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Zumiez by 204.4% during the second quarter. Prudential Financial Inc. now owns 177,221 shares of the apparel and footwear maker’s stock valued at $2,189,000 after purchasing an additional 118,995 shares in the last quarter. Finally, Alambic Investment Management L.P. boosted its holdings in Zumiez by 159.8% during the first quarter. Alambic Investment Management L.P. now owns 169,900 shares of the apparel and footwear maker’s stock valued at $3,109,000 after purchasing an additional 104,500 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors.
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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