Zumiez (ZUMZ) Updates Q4 2018 Earnings Guidance
Zumiez (NASDAQ:ZUMZ) updated its fourth quarter 2018 earnings guidance on Thursday. The company provided earnings per share guidance of $1.02-1.08 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.13. The company issued revenue guidance of $295-301 million, compared to the consensus revenue estimate of $312.27 million.
Several research firms recently commented on ZUMZ. B. Riley set a $32.00 target price on Zumiez and gave the stock a buy rating in a research note on Thursday, August 9th. BidaskClub downgraded Zumiez from a sell rating to a strong sell rating in a report on Friday, November 30th. ValuEngine downgraded Zumiez from a buy rating to a hold rating in a report on Thursday, September 27th. Robert W. Baird reaffirmed a hold rating and set a $28.00 price target on shares of Zumiez in a report on Thursday, August 9th. Finally, Pivotal Research set a $30.00 price target on Zumiez and gave the stock a buy rating in a report on Thursday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $27.29.
NASDAQ ZUMZ traded up $0.05 during trading on Thursday, reaching $19.26. 1,238,200 shares of the company’s stock were exchanged, compared to its average volume of 461,478. The company has a market capitalization of $490.22 million, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 0.91 and a beta of 1.23. Zumiez has a 1 year low of $18.52 and a 1 year high of $32.70.
In other news, insider Chris K. Visser sold 1,934 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $28.08, for a total value of $54,306.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Travis Smith sold 3,193 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $28.85, for a total value of $92,118.05. Following the completion of the sale, the director now directly owns 17,770 shares of the company’s stock, valued at $512,664.50. The disclosure for this sale can be found here. 27.70% of the stock is currently owned by insiders.
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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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