Zumiez Inc. (ZUMZ) Scheduled to Post Earnings on Thursday
Zumiez Inc. (NASDAQ:ZUMZ) is scheduled to be releasing its earnings data on Thursday, December 1st. Zumiez has set its Q3 guidance at $0.21-0.26 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.05. The company earned $178.30 million during the quarter, compared to analysts’ expectations of $177.35 million. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. On average, analysts expect Zumiez to post $0.88 EPS for the current fiscal year and $1.07 EPS for the next fiscal year.
Shares of Zumiez Inc. (NASDAQ:ZUMZ) opened at 24.55 on Wednesday. The stock has a market cap of $609.58 million, a PE ratio of 32.01 and a beta of 1.14. Zumiez Inc. has a 12-month low of $11.53 and a 12-month high of $25.60. The firm has a 50-day moving average price of $23.24 and a 200 day moving average price of $17.91.
Several research analysts have recently issued reports on ZUMZ shares. Mizuho increased their price target on Zumiez from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. SunTrust Banks Inc. increased their price target on Zumiez from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. B. Riley reissued a “neutral” rating and issued a $18.00 price target on shares of Zumiez in a research note on Friday, September 9th. Robert W. Baird raised their target price on Zumiez from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $17.00 target price on shares of Zumiez in a research note on Friday, September 9th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $19.71.
Several large investors have recently bought and sold shares of ZUMZ. Price T Rowe Associates Inc. MD increased its stake in Zumiez by 29.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,413,076 shares of the apparel and footwear maker’s stock worth $61,435,000 after buying an additional 784,410 shares during the period. FMR LLC increased its stake in Zumiez by 21.6% in the second quarter. FMR LLC now owns 2,620,069 shares of the apparel and footwear maker’s stock worth $37,493,000 after buying an additional 465,011 shares during the period. Citadel Advisors LLC purchased a new stake in Zumiez during the second quarter worth $2,851,000. Point72 Asset Management L.P. purchased a new stake in Zumiez during the second quarter worth $1,789,000. Finally, BlackRock Fund Advisors increased its stake in Zumiez by 4.2% in the third quarter. BlackRock Fund Advisors now owns 1,299,974 shares of the apparel and footwear maker’s stock worth $23,400,000 after buying an additional 52,103 shares during the period. 81.89% of the stock is owned by institutional investors.
Zumiez Company Profile
Zumiez Inc is a specialty retailer of apparel, footwear, accessories and hardgoods for men and women. The Company operates under the names Zumiez and Blue Tomato. Additionally, the Company operates e-commerce Websites at www.zumiez.com and www.blue-tomato.com. Its product categories are men’s apparel, accessories, footwear, hardgoods and junior’s apparel.
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