Zumiez Inc. (NASDAQ:ZUMZ) – Equities researchers at DA Davidson lowered their Q3 2020 earnings per share (EPS) estimates for Zumiez in a research report issued on Friday, March 15th. DA Davidson analyst J. Morris now expects that the apparel and footwear maker will post earnings per share of $0.57 for the quarter, down from their prior forecast of $0.59. DA Davidson has a “Neutral” rating and a $20.00 price objective on the stock. DA Davidson also issued estimates for Zumiez’s Q4 2020 earnings at $1.14 EPS, FY2020 earnings at $1.82 EPS, Q2 2021 earnings at $0.20 EPS, Q3 2021 earnings at $0.60 EPS and FY2021 earnings at $1.92 EPS.

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

Several other research firms have also recently weighed in on ZUMZ. BidaskClub raised Zumiez from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Pivotal Research cut Zumiez from a “buy” rating to a “hold” rating and lowered their target price for the company from $28.00 to $26.00 in a research note on Monday, March 11th. Zacks Investment Research cut Zumiez from a “buy” rating to a “hold” rating in a research note on Saturday, January 26th. ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. Finally, B. Riley lowered their target price on Zumiez to $32.00 and set a “buy” rating on the stock in a research note on Monday, December 3rd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $25.14.

NASDAQ:ZUMZ opened at $24.29 on Monday. Zumiez has a fifty-two week low of $17.57 and a fifty-two week high of $32.70. The stock has a market cap of $612.74 million, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 1.05 and a beta of 1.24.

Several institutional investors have recently made changes to their positions in ZUMZ. Pearl River Capital LLC acquired a new stake in shares of Zumiez during the 4th quarter valued at about $31,000. Pacer Advisors Inc. lifted its holdings in shares of Zumiez by 246.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,637 shares of the apparel and footwear maker’s stock valued at $122,000 after buying an additional 3,297 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Zumiez by 339.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,388 shares of the apparel and footwear maker’s stock valued at $122,000 after buying an additional 4,933 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of Zumiez during the 4th quarter valued at about $138,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Zumiez during the 3rd quarter valued at about $213,000. Institutional investors and hedge funds own 79.87% 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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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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