FY2018 EPS Estimates for Zumiez Inc. (ZUMZ) Boosted by William Blair

Zumiez Inc. (NASDAQ:ZUMZ) – Research analysts at William Blair increased their FY2018 earnings estimates for shares of Zumiez in a report released on Wednesday. William Blair analyst S. Zackfia now anticipates that the apparel and footwear maker will post earnings per share of $1.18 for the year, up from their previous forecast of $1.08. William Blair has a “Buy” rating on the stock. William Blair also issued estimates for Zumiez’s Q1 2019 earnings at ($0.15) EPS and Q2 2019 earnings at ($0.05) EPS.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The firm had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $244.50 million. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. Zumiez’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS.

A number of other brokerages have also recently commented on ZUMZ. Zacks Investment Research cut Zumiez from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a report on Saturday. BMO Capital Markets set a $20.00 target price on Zumiez and gave the company a “hold” rating in a report on Friday, December 1st. B. Riley set a $23.00 target price on Zumiez and gave the company a “buy” rating in a report on Friday, December 1st. Jefferies Group set a $22.00 target price on Zumiez and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $17.00 target price 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 given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $20.50.

Shares of Zumiez (NASDAQ ZUMZ) traded down $0.95 during trading hours on Monday, reaching $22.05. The company’s stock had a trading volume of 415,000 shares, compared to its average volume of 855,667. The firm has a market cap of $580.74, a PE ratio of 21.83, a PEG ratio of 1.06 and a beta of 1.39. Zumiez has a 52-week low of $11.43 and a 52-week high of $24.44.

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of Zumiez by 598.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,827 shares of the apparel and footwear maker’s stock worth $393,000 after purchasing an additional 27,270 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Zumiez by 42.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 61,333 shares of the apparel and footwear maker’s stock worth $757,000 after purchasing an additional 18,259 shares during the period. Algert Global LLC purchased a new position in shares of Zumiez during the 3rd quarter worth $269,000. Adams Diversified Equity Fund Inc. lifted its stake in shares of Zumiez by 78.5% during the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 78,700 shares of the apparel and footwear maker’s stock worth $1,424,000 after purchasing an additional 34,600 shares during the period. Finally, Gotham Asset Management LLC raised its position in shares of Zumiez by 98.5% in the 2nd quarter. Gotham Asset Management LLC now owns 24,742 shares of the apparel and footwear maker’s stock worth $306,000 after buying an additional 12,277 shares during the period. 74.58% of the stock is currently owned by institutional investors.

In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $20.75, for a total transaction of $162,742.25. Following the transaction, the director now owns 9,908 shares of the company’s stock, valued at approximately $205,591. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 27.50% of the company’s stock.

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About Zumiez

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.

Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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