Zumiez (ZUMZ) Issues Q4 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of ~$1.02-1.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.14. The company issued revenue guidance of $295-301 million, compared to the consensus revenue estimate of $312.27 million.Zumiez also updated its Q4 2018 guidance to $1.02-1.08 EPS.

A number of research analysts have weighed in on the stock. B. Riley cut their price objective on shares of Zumiez from $34.00 to $32.00 and set a buy rating for the company in a report on Monday. Pivotal Research reaffirmed a buy rating and issued a $28.00 price objective on shares of Zumiez in a report on Monday. BidaskClub cut shares of Zumiez from a sell rating to a strong sell rating in a report on Friday, November 30th. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, November 20th. Finally, Jefferies Financial Group assumed coverage on shares of Zumiez in a report on Thursday, October 25th. They issued a buy rating and a $28.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Zumiez presently has a consensus rating of Hold and an average target price of $27.29.

Shares of NASDAQ ZUMZ traded up $0.05 during trading on Thursday, hitting $19.26. The company had a trading volume of 1,237,636 shares, compared to its average volume of 461,478. Zumiez has a fifty-two week low of $18.52 and a fifty-two week high of $32.70. The firm has a market cap of $490.22 million, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 0.91 and a beta of 1.23.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, December 6th. The apparel and footwear maker reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.06. Zumiez had a net margin of 3.43% and a return on equity of 9.82%. The business had revenue of $248.80 million for the quarter, compared to analyst estimates of $248.70 million. During the same quarter last year, the business earned $0.48 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts expect that Zumiez will post 1.69 EPS for the current fiscal year.

In other news, Director Travis Smith sold 3,193 shares of Zumiez stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $28.85, for a total value of $92,118.05. Following the sale, the director now owns 17,770 shares in the company, valued at $512,664.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chris K. Visser sold 1,934 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $28.08, for a total transaction of $54,306.72. The disclosure for this sale can be found here. 27.70% of the stock is owned by company insiders.

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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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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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