Equities analysts predict that Zumiez Inc. (NASDAQ:ZUMZ) will announce $325.96 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Zumiez’s earnings. The lowest sales estimate is $323.79 million and the highest is $327.80 million. Zumiez posted sales of $304.56 million during the same quarter last year, which would indicate a positive year over year growth rate of 7%. The firm is scheduled to report its next quarterly earnings report on Thursday, March 12th.

According to Zacks, analysts expect that Zumiez will report full year sales of $1.02 billion for the current year, with estimates ranging from $1.02 billion to $1.03 billion. For the next financial year, analysts anticipate that the company will post sales of $1.06 billion, with estimates ranging from $1.04 billion to $1.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow Zumiez.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.15. The company had revenue of $264.02 million during the quarter, compared to the consensus estimate of $260.86 million. Zumiez had a return on equity of 14.42% and a net margin of 5.80%. Zumiez’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

A number of research firms recently weighed in on ZUMZ. DA Davidson restated a “positive” rating and issued a $33.00 target price on shares of Zumiez in a research report on Friday, December 6th. Jefferies Financial Group boosted their target price on Zumiez from $34.00 to $38.00 and gave the stock a “positive” rating in a research report on Tuesday, November 26th. Pivotal Research boosted their target price on Zumiez from $35.00 to $37.00 and gave the stock a “hold” rating in a research report on Tuesday. Robert W. Baird boosted their price objective on Zumiez from $33.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, ValuEngine downgraded Zumiez from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.43.

In related news, CFO Christopher Codington Work sold 16,676 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $35.00, for a total value of $583,660.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Adam Christopher Ellis sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $31.13, for a total value of $155,650.00. Following the completion of the sale, the insider now directly owns 40,421 shares in the company, valued at $1,258,305.73. The disclosure for this sale can be found here. Insiders have sold 174,231 shares of company stock worth $5,603,473 over the last three months. Insiders own 23.10% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Zumiez by 46.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the apparel and footwear maker’s stock worth $50,000 after purchasing an additional 504 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Zumiez in the second quarter worth $69,000. Mason Street Advisors LLC grew its stake in shares of Zumiez by 8.7% in the third quarter. Mason Street Advisors LLC now owns 6,911 shares of the apparel and footwear maker’s stock worth $219,000 after acquiring an additional 553 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Zumiez in the third quarter worth $226,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Zumiez in the third quarter worth $238,000. 85.95% of the stock is currently owned by institutional investors.

NASDAQ:ZUMZ traded down $0.68 during mid-day trading on Friday, reaching $33.91. The stock had a trading volume of 552,811 shares, compared to its average volume of 421,888. The firm has a 50 day moving average price of $32.79 and a two-hundred day moving average price of $29.30. The stock has a market capitalization of $871.62 million, a P/E ratio of 18.94, a P/E/G ratio of 1.15 and a beta of 1.49. Zumiez has a one year low of $18.38 and a one year high of $35.68. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.16 and a current ratio of 2.20.

Zumiez Company Profile

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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