Equities analysts expect Zumiez Inc. (NASDAQ:ZUMZ) to post $324.41 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Zumiez’s earnings. The lowest sales estimate is $321.60 million and the highest is $328.00 million. Zumiez reported sales of $328.75 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.3%. The company is expected to announce its next quarterly earnings report on Thursday, March 11th.
On average, analysts expect that Zumiez will report full-year sales of $983.50 million for the current financial year, with estimates ranging from $980.70 million to $987.00 million. For the next year, analysts forecast that the company will post sales of $1.09 billion, with estimates ranging from $1.07 billion to $1.12 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Zumiez.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Wednesday, December 2nd. The apparel and footwear maker reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.40. Zumiez had a net margin of 6.25% and a return on equity of 14.02%. The firm had revenue of $271.00 million during the quarter, compared to analyst estimates of $246.20 million. During the same quarter in the previous year, the business earned $0.75 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year.
A number of analysts have commented on the stock. Wedbush lifted their target price on shares of Zumiez from $28.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, December 7th. TheStreet raised shares of Zumiez from a “c+” rating to a “b-” rating in a research report on Friday, September 11th. BidaskClub cut shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Wednesday, October 21st. B. Riley reissued a “buy” rating and set a $44.00 price target (up from $40.00) on shares of Zumiez in a research report on Friday, December 4th. Finally, Zacks Investment Research cut shares of Zumiez from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research report on Monday, November 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $33.67.
In related news, insider Adam Christopher Ellis sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the sale, the insider now directly owns 30,340 shares of the company’s stock, valued at approximately $970,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas D. Campion sold 100,000 shares of the business’s stock in a transaction on Monday, November 23rd. The shares were sold at an average price of $36.05, for a total transaction of $3,605,000.00. Insiders sold a total of 198,630 shares of company stock worth $7,281,447 over the last ninety days. 23.10% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its position in Zumiez by 10.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 8,230 shares of the apparel and footwear maker’s stock worth $229,000 after buying an additional 788 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Zumiez during the 3rd quarter worth about $270,000. Pacer Advisors Inc. lifted its position in Zumiez by 57.5% during the 3rd quarter. Pacer Advisors Inc. now owns 11,116 shares of the apparel and footwear maker’s stock worth $309,000 after buying an additional 4,056 shares in the last quarter. AlphaCrest Capital Management LLC bought a new stake in Zumiez during the 2nd quarter worth about $334,000. Finally, Paloma Partners Management Co bought a new stake in Zumiez during the 3rd quarter worth about $340,000. 80.45% of the stock is currently owned by institutional investors and hedge funds.
ZUMZ opened at $37.91 on Monday. The company has a fifty day moving average price of $34.51 and a two-hundred day moving average price of $29.02. Zumiez has a 52 week low of $13.13 and a 52 week high of $39.26. The firm has a market capitalization of $965.80 million, a PE ratio of 15.80 and a beta of 1.55.
Zumiez Company Profile
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 February 29, 2020, the company operated 718 stores, including 607 stores in the United States, 52 stores in Canada, 48 stores in Europe, and 11 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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