Zumiez (NASDAQ:ZUMZ) posted its earnings results on Thursday. The apparel and footwear maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06, Bloomberg Earnings reports. Zumiez had a return on equity of 9.82% and a net margin of 3.43%. The company had revenue of $248.80 million for the quarter, compared to the consensus estimate of $248.70 million. During the same quarter in the prior year, the company earned $0.48 earnings per share. Zumiez’s revenue was up 1.2% on a year-over-year basis. Zumiez updated its Q4 2018 guidance to $1.02-1.08 EPS and its Q4 guidance to ~$1.02-1.08 EPS.
ZUMZ traded up $0.05 during midday trading on Thursday, reaching $19.26. The company had a trading volume of 1,237,636 shares, compared to its average volume of 461,478. The stock has a market cap of $490.22 million, a price-to-earnings ratio of 17.51, a PEG ratio of 0.91 and a beta of 1.23. Zumiez has a 1 year low of $18.52 and a 1 year high of $32.70.
In other Zumiez news, insider Chris K. Visser sold 1,934 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $28.08, for a total value of $54,306.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Travis Smith sold 3,193 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $28.85, for a total value of $92,118.05. Following the completion of the sale, the director now owns 17,770 shares of the company’s stock, valued at approximately $512,664.50. The disclosure for this sale can be found here. Corporate insiders own 27.70% of the company’s stock.
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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