Zumiez Inc. (ZUMZ) Expected to Post Quarterly Sales of $237.33 Million
Wall Street analysts expect that Zumiez Inc. (NASDAQ:ZUMZ) will announce $237.33 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Zumiez’s earnings, with the highest sales estimate coming in at $238.00 million and the lowest estimate coming in at $236.70 million. Zumiez posted sales of $221.39 million in the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The firm is expected to issue its next earnings report on Thursday, December 7th.
According to Zacks, analysts expect that Zumiez will report full-year sales of $237.33 million for the current fiscal year, with estimates ranging from $890.55 million to $903.00 million. For the next fiscal year, analysts expect that the business will post sales of $925.05 million per share, with estimates ranging from $911.28 million to $936.80 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Zumiez.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The business had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $192.12 million. During the same quarter in the prior year, the business earned ($0.03) EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis.
ZUMZ has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Zumiez from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Wednesday, August 30th. BMO Capital Markets set a $16.00 price objective on Zumiez and gave the company a “hold” rating in a research report on Sunday, September 10th. Robert W. Baird reiterated a “hold” rating and set a $17.00 price objective on shares of Zumiez in a research report on Friday, September 8th. BidaskClub upgraded Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Jefferies Group LLC set a $15.00 price objective on Zumiez and gave the company a “hold” rating in a research report on Thursday, July 6th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Zumiez currently has an average rating of “Hold” and an average target price of $19.80.
Zumiez (NASDAQ ZUMZ) opened at 18.35 on Friday. Zumiez has a 12 month low of $11.43 and a 12 month high of $26.55. The company has a market cap of $462.97 million, a PE ratio of 19.13 and a beta of 1.38. The company has a 50 day moving average price of $15.38 and a 200-day moving average price of $14.80.
Several large investors have recently made changes to their positions in ZUMZ. Eagle Global Advisors LLC bought a new position in shares of Zumiez in the 2nd quarter worth approximately $124,000. Thrivent Financial For Lutherans bought a new position in shares of Zumiez in the 2nd quarter worth approximately $130,000. Voya Investment Management LLC bought a new position in shares of Zumiez in the 2nd quarter worth approximately $142,000. Marshall Wace North America L.P. bought a new position in shares of Zumiez in the 2nd quarter worth approximately $155,000. Finally, Texas Permanent School Fund raised its position in shares of Zumiez by 2.1% in the 2nd quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock worth $159,000 after acquiring an additional 260 shares in the last quarter. 80.97% of the stock is owned by hedge funds and other institutional investors.
Zumiez Company Profile
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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