Zumiez Inc. (NASDAQ:ZUMZ) – Investment analysts at William Blair raised their Q4 2018 earnings per share (EPS) estimates for shares of Zumiez in a research note issued to investors on Wednesday. William Blair analyst S. Zackfia now expects that the apparel and footwear maker will post earnings per share of $0.90 for the quarter, up from their prior estimate of $0.80. William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Zumiez’s Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $1.06 EPS, FY2019 earnings at $1.40 EPS and FY2020 earnings at $1.55 EPS.
A number of other research analysts have also weighed in on the company. BMO Capital Markets set a $16.00 price objective on Zumiez and gave the stock a “hold” rating in a report on Sunday, September 10th. Jefferies Group set a $15.00 price objective on Zumiez and gave the stock a “hold” rating in a report on Thursday, October 5th. Zacks Investment Research raised Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, September 12th. B. Riley set a $23.00 price objective on Zumiez and gave the stock a “buy” rating in a report on Friday, December 1st. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Zumiez in a report on Tuesday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.50.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. The business had revenue of $245.80 million for the quarter, compared to analyst estimates of $244.50 million. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share.
In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $20.75, for a total value of $162,742.25. Following the sale, the director now owns 9,908 shares of the company’s stock, valued at $205,591. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Algert Global LLC acquired a new stake in Zumiez in the third quarter valued at $269,000. California Public Employees Retirement System grew its holdings in Zumiez by 28.0% in the third quarter. California Public Employees Retirement System now owns 87,312 shares of the apparel and footwear maker’s stock valued at $1,580,000 after purchasing an additional 19,112 shares during the last quarter. Highbridge Capital Management LLC grew its holdings in Zumiez by 410.7% in the third quarter. Highbridge Capital Management LLC now owns 66,094 shares of the apparel and footwear maker’s stock valued at $1,196,000 after purchasing an additional 53,152 shares during the last quarter. OxFORD Asset Management LLP acquired a new stake in Zumiez in the third quarter valued at $432,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in Zumiez by 23.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 215,652 shares of the apparel and footwear maker’s stock valued at $3,904,000 after purchasing an additional 41,008 shares during the last quarter. 74.58% of the stock is currently owned by institutional investors.
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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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