William Blair reiterated their buy rating on shares of Zumiez (NASDAQ:ZUMZ) in a report published on Thursday. William Blair also issued estimates for Zumiez’s Q4 2018 earnings at $0.90 EPS, Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $1.06 EPS, Q4 2019 earnings at $0.92 EPS, FY2019 earnings at $1.40 EPS and FY2020 earnings at $1.55 EPS.
Several other research analysts have also weighed in on ZUMZ. B. Riley raised Zumiez from a neutral rating to a buy rating and upped their target price for the stock from $17.00 to $18.00 in a research report on Friday, September 8th. Robert W. Baird reaffirmed a hold rating and issued a $17.00 target price on shares of Zumiez in a research report on Friday, September 8th. BMO Capital Markets set a $16.00 target price on Zumiez and gave the stock a hold rating in a research report on Sunday, September 10th. Zacks Investment Research raised Zumiez from a hold rating to a buy rating and set a $18.00 target price on the stock in a research report on Tuesday, September 12th. Finally, Jefferies Group set a $15.00 target price on Zumiez and gave the stock a hold rating in a research report on Thursday, October 5th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $20.44.
Zumiez (NASDAQ ZUMZ) traded up $2.45 during trading hours on Thursday, reaching $22.95. The company had a trading volume of 1,685,200 shares, compared to its average volume of 1,268,400. Zumiez has a 52-week low of $11.43 and a 52-week high of $24.44. The firm has a market capitalization of $517.62, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 1.05 and a beta of 1.39.
Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The company had revenue of $245.80 million for the quarter, compared to analyst estimates of $244.50 million. During the same period in the prior year, the firm posted $0.43 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. sell-side analysts predict that Zumiez will post 1.09 EPS for the current year.
In other news, Director Scott Andrew Bailey sold 7,843 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $20.75, for a total transaction of $162,742.25. Following the transaction, the director now owns 9,908 shares of the company’s stock, valued at approximately $205,591. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 27.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ZUMZ. Thrivent Financial For Lutherans acquired a new position in shares of Zumiez during the 2nd quarter valued at about $130,000. Voya Investment Management LLC acquired a new position in shares of Zumiez during the 2nd quarter valued at about $142,000. Marshall Wace North America L.P. acquired a new position in shares of Zumiez during the 2nd quarter valued at about $155,000. BNP Paribas Arbitrage SA boosted its stake in Zumiez by 29.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,016 shares of the apparel and footwear maker’s stock valued at $161,000 after purchasing an additional 2,934 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in Zumiez during the 3rd quarter valued at approximately $199,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.
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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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