$299.67 Million in Sales Expected for Zumiez Inc. (ZUMZ) This Quarter

Brokerages expect Zumiez Inc. (NASDAQ:ZUMZ) to report sales of $299.67 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Zumiez’s earnings, with estimates ranging from $297.88 million to $301.60 million. Zumiez posted sales of $263.64 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.7%. The business is expected to issue its next earnings results on Thursday, March 8th.

According to Zacks, analysts expect that Zumiez will report full year sales of $299.67 million for the current year, with estimates ranging from $917.04 million to $920.70 million. For the next financial year, analysts expect that the company will post sales of $959.58 million per share, with estimates ranging from $938.73 million to $986.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Zumiez.

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

A number of equities research analysts have recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $21.00 price objective (up from $18.00) on shares of Zumiez in a report on Thursday, October 5th. Robert W. Baird restated a “neutral” rating and issued a $17.00 price objective on shares of Zumiez in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Zumiez from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a report on Saturday, January 6th. Jefferies Group restated a “hold” rating and issued a $21.00 price objective on shares of Zumiez in a report on Sunday, December 3rd. Finally, BMO Capital Markets set a $20.00 price objective on shares of Zumiez and gave the company a “hold” rating in a report on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Zumiez has a consensus rating of “Hold” and an average target price of $20.50.

Shares of Zumiez (NASDAQ:ZUMZ) remained flat at $$22.35 on Friday. 188,893 shares of the company’s stock traded hands, compared to its average volume of 464,910. Zumiez has a 52-week low of $11.43 and a 52-week high of $24.44. The firm has a market capitalization of $564.33, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.05 and a beta of 1.39.

In related news, Director Scott Andrew Bailey sold 7,843 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $20.75, for a total value of $162,742.25. Following the transaction, the director now directly owns 9,908 shares of the company’s stock, valued at approximately $205,591. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 27.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its position in shares of Zumiez by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 91,853 shares of the apparel and footwear maker’s stock valued at $1,135,000 after buying an additional 1,135 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of Zumiez by 0.6% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 259,975 shares of the apparel and footwear maker’s stock valued at $3,211,000 after buying an additional 1,475 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Zumiez by 1.3% in the 2nd quarter. Principal Financial Group Inc. now owns 134,150 shares of the apparel and footwear maker’s stock valued at $1,657,000 after buying an additional 1,686 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Zumiez by 2.8% in the 2nd quarter. New York State Common Retirement Fund now owns 65,252 shares of the apparel and footwear maker’s stock valued at $806,000 after buying an additional 1,808 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Zumiez by 12.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the apparel and footwear maker’s stock valued at $204,000 after buying an additional 1,829 shares during the last quarter. 75.60% of the stock is currently owned by hedge funds and other 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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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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