Brokerages predict that Zumiez Inc. (NASDAQ:ZUMZ) will announce $249.84 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Zumiez’s earnings, with the lowest sales estimate coming in at $246.50 million and the highest estimate coming in at $254.48 million. Zumiez reported sales of $245.76 million during the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The firm is expected to report its next earnings report on Thursday, November 29th.

On average, analysts expect that Zumiez will report full-year sales of $989.81 million for the current fiscal year, with estimates ranging from $980.56 million to $999.36 million. For the next year, analysts expect that the business will report sales of $1.03 billion, with estimates ranging from $999.87 million to $1.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Zumiez.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 6th. The apparel and footwear maker reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.04. The firm had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $218.50 million. Zumiez had a net margin of 3.43% and a return on equity of 9.82%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.02) earnings per share.

A number of research firms have issued reports on ZUMZ. ValuEngine upgraded shares of Zumiez from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. BidaskClub cut shares of Zumiez from a “buy” rating to a “hold” rating in a research note on Sunday, July 15th. B. Riley set a $32.00 target price on shares of Zumiez and gave the company a “buy” rating in a research note on Thursday, August 9th. TheStreet cut shares of Zumiez from a “b-” rating to a “c+” rating in a research note on Monday, July 16th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $28.00 target price on shares of Zumiez in a research note on Thursday, August 9th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Zumiez currently has an average rating of “Hold” and an average target price of $26.13.

In other news, Director Travis Smith sold 3,193 shares of Zumiez stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $28.85, for a total value of $92,118.05. Following the transaction, the director now owns 17,770 shares of the company’s stock, valued at $512,664.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Chris K. Visser sold 1,934 shares of Zumiez stock in a transaction that occurred on Friday, September 14th. The shares were 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. In the last three months, insiders sold 124,344 shares of company stock worth $3,788,085. Insiders own 27.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ZUMZ. Piedmont Investment Advisors LLC bought a new position in shares of Zumiez in the second quarter valued at approximately $107,000. Sun Life Financial INC bought a new position in shares of Zumiez in the second quarter valued at approximately $110,000. Itau Unibanco Holding S.A. bought a new position in shares of Zumiez in the second quarter valued at approximately $137,000. American Century Companies Inc. bought a new position in shares of Zumiez in the second quarter valued at approximately $203,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Zumiez in the second quarter valued at approximately $205,000. 75.75% of the stock is currently owned by institutional investors.

NASDAQ ZUMZ traded up $0.34 during trading on Wednesday, reaching $23.12. The company’s stock had a trading volume of 403,800 shares, compared to its average volume of 453,761. The stock has a market capitalization of $672.43 million, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.03 and a beta of 1.20. Zumiez has a 1-year low of $16.70 and a 1-year high of $32.70.

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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