Equities research analysts expect Zumiez Inc. (NASDAQ:ZUMZ) to report $205.94 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Zumiez’s earnings. The highest sales estimate is $209.71 million and the lowest is $204.02 million. Zumiez reported sales of $206.29 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.2%. The firm is expected to report its next earnings report after the market closes on Thursday, June 6th.

According to Zacks, analysts expect that Zumiez will report full year sales of $1.00 billion for the current fiscal year, with estimates ranging from $987.43 million to $1.01 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.04 billion, with estimates ranging from $990.92 million to $1.06 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Zumiez.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, March 14th. The apparel and footwear maker reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.07. Zumiez had a net margin of 4.62% and a return on equity of 12.24%. The firm had revenue of $304.56 million for the quarter, compared to analysts’ expectations of $305.55 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis.

A number of equities research analysts have recently commented on ZUMZ shares. Pivotal Research cut shares of Zumiez from a “buy” rating to a “hold” rating and cut their price target for the company from $28.00 to $26.00 in a report on Monday, March 11th. Wedbush cut shares of Zumiez from a “neutral” rating to an “underperform” rating and set a $22.00 price target on the stock. in a report on Thursday, May 9th. They noted that the move was a valuation call. BidaskClub upgraded shares of Zumiez from a “hold” rating to a “buy” rating in a report on Friday, April 26th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Finally, Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Saturday, May 18th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.14.

Shares of NASDAQ:ZUMZ traded up $0.51 during trading on Wednesday, reaching $20.29. 437,382 shares of the stock traded hands, compared to its average volume of 408,540. Zumiez has a 52-week low of $17.57 and a 52-week high of $32.70. The stock has a market cap of $521.86 million, a price-to-earnings ratio of 11.34, a PEG ratio of 0.79 and a beta of 1.41.

In related news, insider Troy R. Brown sold 20,324 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $27.41, for a total value of $557,080.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott Andrew Bailey sold 5,986 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $25.94, for a total transaction of $155,276.84. Following the completion of the sale, the director now owns 3,189 shares in the company, valued at approximately $82,722.66. The disclosure for this sale can be found here. Company insiders own 23.10% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Zumiez during the 4th quarter worth $280,000. Victory Capital Management Inc. purchased a new position in shares of Zumiez during the 1st quarter worth $1,454,000. JPMorgan Chase & Co. boosted its stake in shares of Zumiez by 185.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 397,856 shares of the apparel and footwear maker’s stock worth $10,484,000 after acquiring an additional 258,363 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Zumiez by 20.9% during the 4th quarter. Rhumbline Advisers now owns 54,346 shares of the apparel and footwear maker’s stock worth $1,042,000 after acquiring an additional 9,411 shares during the last quarter. Finally, Pearl River Capital LLC purchased a new position in shares of Zumiez during the 4th quarter worth $31,000. Institutional investors and hedge funds own 81.63% of the company’s stock.

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 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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