Zacks: Analysts Anticipate Zumiez Inc. (ZUMZ) Will Post Earnings of $0.50 Per Share

Equities research analysts expect Zumiez Inc. (NASDAQ:ZUMZ) to post earnings per share of $0.50 for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Zumiez’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.52. Zumiez posted earnings per share of $0.48 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 29th.

On average, analysts expect that Zumiez will report full-year earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.66 to $1.73. For the next year, analysts expect that the company will post earnings of $1.87 per share, with EPS estimates ranging from $1.83 to $1.91. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Zumiez.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 6th. The apparel and footwear maker reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.04. Zumiez had a return on equity of 9.82% and a net margin of 3.43%. The business had revenue of $219.00 million for the quarter, compared to analyst estimates of $218.50 million. During the same quarter last year, the firm earned ($0.02) EPS. Zumiez’s revenue for the quarter was up 13.9% compared to the same quarter last year.

ZUMZ has been the topic of a number of recent research reports. Pivotal Research raised Zumiez from a “hold” rating to a “buy” rating and lifted their target price for the company from $30.00 to $36.00 in a research report on Tuesday, September 4th. ValuEngine raised Zumiez from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. BidaskClub raised Zumiez from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. TheStreet raised Zumiez from a “c+” rating to a “b” rating in a research report on Friday, September 7th. Finally, B. Riley lifted their target price on Zumiez from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, September 7th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $27.25.

Zumiez stock traded down $0.61 during midday trading on Monday, reaching $24.29. The stock had a trading volume of 3,785 shares, compared to its average volume of 453,011. Zumiez has a 1-year low of $16.70 and a 1-year high of $32.70. The firm has a market cap of $672.43 million, a PE ratio of 22.10, a P/E/G ratio of 1.03 and a beta of 1.20.

In other news, insider Chris K. Visser sold 1,934 shares of Zumiez stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $28.08, for a total transaction of $54,306.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Travis Smith sold 3,193 shares of Zumiez stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $28.85, for a total value of $92,118.05. Following the transaction, the director now owns 17,770 shares of the company’s stock, valued at $512,664.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,344 shares of company stock valued at $3,788,085. Corporate insiders own 27.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in Zumiez by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 139,345 shares of the apparel and footwear maker’s stock worth $3,330,000 after purchasing an additional 3,407 shares during the last quarter. Cambria Investment Management L.P. acquired a new stake in Zumiez during the 2nd quarter worth approximately $262,000. Sun Life Financial INC acquired a new stake in Zumiez during the 2nd quarter worth approximately $110,000. BlackRock Inc. lifted its holdings in Zumiez by 10.5% during the 1st quarter. BlackRock Inc. now owns 2,894,789 shares of the apparel and footwear maker’s stock worth $69,186,000 after purchasing an additional 274,813 shares during the last quarter. Finally, Hancock Holding Co. acquired a new stake in Zumiez during the 1st quarter worth approximately $290,000. Institutional investors own 75.75% of the company’s stock.

About Zumiez

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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