Wall Street analysts expect Zumiez Inc. (NASDAQ:ZUMZ) to report $223.22 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Zumiez’s earnings. The highest sales estimate is $224.00 million and the lowest is $220.68 million. Zumiez reported sales of $218.97 million in the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The business is scheduled to issue its next quarterly earnings report on Thursday, September 5th.

According to Zacks, analysts expect that Zumiez will report full year sales of $1.01 billion for the current fiscal year, with estimates ranging from $992.00 million to $1.02 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.04 billion, with estimates ranging from $997.18 million to $1.07 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Zumiez.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, June 6th. The apparel and footwear maker reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.12. Zumiez had a net margin of 4.93% and a return on equity of 12.81%. The business had revenue of $212.90 million during the quarter, compared to the consensus estimate of $205.96 million. During the same quarter last year, the firm earned ($0.10) earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis.

A number of equities analysts have weighed in on the stock. BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. Pivotal Research reaffirmed a “hold” rating and set a $22.00 target price (down previously from $28.00) on shares of Zumiez in a research note on Tuesday, June 4th. Zacks Investment Research raised shares of Zurich Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 18th. TheStreet downgraded shares of Zumiez from a “b” rating to a “c+” rating in a research note on Thursday, June 6th. Finally, ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.57.

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 transaction of $557,080.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in Zumiez by 90.7% in the 1st quarter. JPMorgan Chase & Co. now owns 837,793 shares of the apparel and footwear maker’s stock worth $20,852,000 after purchasing an additional 398,376 shares during the period. American Century Companies Inc. grew its position in Zumiez by 1,906.2% in the 4th quarter. American Century Companies Inc. now owns 162,545 shares of the apparel and footwear maker’s stock worth $3,116,000 after purchasing an additional 154,443 shares during the period. KAMES CAPITAL plc bought a new stake in Zumiez in the 1st quarter worth approximately $3,824,000. Millennium Management LLC grew its position in Zumiez by 612.5% in the 4th quarter. Millennium Management LLC now owns 86,059 shares of the apparel and footwear maker’s stock worth $1,650,000 after purchasing an additional 73,980 shares during the period. Finally, Deutsche Bank AG grew its position in Zumiez by 21.6% in the 4th quarter. Deutsche Bank AG now owns 391,713 shares of the apparel and footwear maker’s stock worth $7,506,000 after purchasing an additional 69,613 shares during the period. 82.26% of the stock is owned by institutional investors.

Shares of NASDAQ ZUMZ traded up $0.82 on Friday, reaching $24.65. 479,886 shares of the company’s stock traded hands, compared to its average volume of 326,950. Zumiez has a 12 month low of $17.57 and a 12 month high of $32.70. The company has a 50 day moving average of $23.84. The stock has a market cap of $634.52 million, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 0.97 and a beta of 1.61. The company has a current ratio of 2.28, a quick ratio of 1.34 and a debt-to-equity ratio of 0.74.

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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