Brokerages expect Zumiez Inc. (NASDAQ:ZUMZ) to announce earnings of ($0.07) per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Zumiez’s earnings. Zumiez reported earnings of ($0.03) per share in the same quarter last year, which indicates a negative year over year growth rate of 133.3%. The business is scheduled to issue its next earnings results on Thursday, September 14th.
According to Zacks, analysts expect that Zumiez will report full-year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from $0.77 to $1.00. For the next year, analysts forecast that the company will post earnings of $1.03 per share, with EPS estimates ranging from $0.85 to $1.09. Zacks’ EPS averages are an average based on a survey of analysts that cover Zumiez.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.02. The company had revenue of $181.20 million for the quarter, compared to analysts’ expectations of $179.35 million. Zumiez had a return on equity of 7.98% and a net margin of 2.79%. Zumiez’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) EPS.
ZUMZ has been the topic of a number of recent research reports. Jefferies Group LLC restated a “hold” rating and set a $19.00 price objective on shares of Zumiez in a research report on Monday, May 15th. ValuEngine downgraded Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BMO Capital Markets set a $16.00 price objective on Zumiez and gave the company a “hold” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $20.50.
Institutional investors have recently added to or reduced their stakes in the stock. Quantitative Systematic Strategies LLC acquired a new position in shares of Zumiez during the second quarter valued at $360,000. Bank of Montreal Can raised its position in shares of Zumiez by 1,187.6% in the second quarter. Bank of Montreal Can now owns 14,177 shares of the apparel and footwear maker’s stock valued at $175,000 after buying an additional 13,076 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Zumiez during the second quarter valued at $408,000. Public Employees Retirement System of Ohio raised its position in shares of Zumiez by 6.4% in the first quarter. Public Employees Retirement System of Ohio now owns 126,154 shares of the apparel and footwear maker’s stock valued at $2,309,000 after buying an additional 7,560 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its position in shares of Zumiez by 12.9% in the first quarter. Tudor Investment Corp ET AL now owns 15,700 shares of the apparel and footwear maker’s stock valued at $287,000 after buying an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.
Zumiez (ZUMZ) opened at 12.10 on Tuesday. 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 $12.52 and a 200-day moving average price of $16.77. The stock has a market capitalization of $304.88 million, a PE ratio of 12.75 and a beta of 1.21.
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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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