Equities research analysts expect that Zumiez Inc. (NASDAQ:ZUMZ) will announce sales of $223.22 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Zumiez’s earnings, with estimates ranging from $220.68 million to $224.00 million. Zumiez reported sales of $218.97 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The firm is expected to report its next quarterly earnings results on Thursday, September 5th.
On average, analysts expect that Zumiez will report full year sales of $1.01 billion for the current fiscal year, with estimates ranging from $992.00 million to $1.02 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.04 billion, with estimates ranging from $997.18 million to $1.07 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Zumiez.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, June 6th. The apparel and footwear maker reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.12. Zumiez had a net margin of 4.93% and a return on equity of 12.81%. The business had revenue of $212.90 million for the quarter, compared to analyst estimates of $205.96 million. During the same period in the previous year, the firm earned ($0.10) EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year.
Several equities research analysts recently commented on ZUMZ shares. Wedbush set a $17.00 price objective on shares of Zumiez and gave the stock a “sell” rating in a research report on Friday, June 7th. Pivotal Research reiterated a “hold” rating and issued a $22.00 price objective (down from $28.00) on shares of Zumiez in a research report on Tuesday, June 4th. TheStreet lowered shares of Zumiez from a “b” rating to a “c+” rating in a research report on Thursday, June 6th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded shares of Zurich Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, May 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Zumiez has a consensus rating of “Hold” and an average price target of $23.57.
Shares of Zumiez stock traded up $0.82 on Friday, hitting $24.65. The company’s stock had a trading volume of 479,886 shares, compared to its average volume of 326,950. Zumiez has a 52-week low of $17.57 and a 52-week high of $32.70. The company has a quick ratio of 1.34, a current ratio of 2.28 and a debt-to-equity ratio of 0.74. The business has a fifty day moving average of $23.84. The stock has a market cap of $634.52 million, a P/E ratio of 13.77, a P/E/G ratio of 0.97 and a beta of 1.61.
In other Zumiez news, insider Troy R. Brown sold 20,324 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $27.41, for a total value of $557,080.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.10% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund bought a new position in shares of Zumiez during the 4th quarter worth approximately $138,000. First Trust Advisors LP increased its stake in shares of Zumiez by 18.7% in the fourth quarter. First Trust Advisors LP now owns 34,054 shares of the apparel and footwear maker’s stock worth $653,000 after acquiring an additional 5,372 shares during the period. BlackRock Inc. increased its stake in shares of Zumiez by 1.6% in the fourth quarter. BlackRock Inc. now owns 2,991,857 shares of the apparel and footwear maker’s stock worth $57,354,000 after acquiring an additional 47,508 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Zumiez by 4.7% in the fourth quarter. Bank of New York Mellon Corp now owns 288,728 shares of the apparel and footwear maker’s stock worth $5,534,000 after acquiring an additional 13,089 shares during the period. Finally, Texas Permanent School Fund increased its stake in shares of Zumiez by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 12,363 shares of the apparel and footwear maker’s stock worth $237,000 after acquiring an additional 481 shares during the period. 82.26% of the stock is owned by institutional investors.
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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