Zumiez Inc. (NASDAQ:ZUMZ) – Jefferies Group reduced their Q3 2018 earnings per share estimates for Zumiez in a note issued to investors on Tuesday. Jefferies Group analyst R. Konik now anticipates that the apparel and footwear maker will post earnings per share of $0.38 for the quarter, down from their prior estimate of $0.40. Jefferies Group currently has a “Hold” rating and a $15.00 target price on the stock.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.02. Zumiez had a return on equity of 7.98% and a net margin of 2.79%. The business had revenue of $181.20 million for the quarter, compared to analyst estimates of $179.35 million. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: “Equities Analysts Issue Forecasts for Zumiez Inc.’s Q3 2018 Earnings (NASDAQ:ZUMZ)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/07/23/equities-analysts-issue-forecasts-for-zumiez-inc-s-q3-2018-earnings-nasdaqzumz-updated.html.
ZUMZ has been the topic of several other research reports. Zacks Investment Research raised Zumiez from a “sell” rating to a “hold” rating in a report on Friday, May 12th. BMO Capital Markets reissued a “hold” rating and set a $19.00 price objective on shares of Zumiez in a report on Thursday, April 27th. B. Riley reissued a “neutral” rating and set a $21.50 price objective on shares of Zumiez in a report on Thursday, March 16th. Finally, ValuEngine downgraded Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Zumiez currently has an average rating of “Hold” and a consensus price target of $20.50.
Shares of Zumiez (ZUMZ) traded up 4.733% during trading on Wednesday, hitting $12.725. The stock had a trading volume of 217,396 shares. Zumiez has a one year low of $11.60 and a one year high of $26.55. The stock has a market capitalization of $320.63 million, a price-to-earnings ratio of 13.409 and a beta of 1.21. The stock has a 50 day moving average price of $13.70 and a 200-day moving average price of $18.02.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Hood River Capital Management LLC increased its position in shares of Zumiez by 107.8% in the first quarter. Hood River Capital Management LLC now owns 743,383 shares of the apparel and footwear maker’s stock valued at $13,604,000 after buying an additional 385,587 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Zumiez by 19.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,822,924 shares of the apparel and footwear maker’s stock valued at $39,831,000 after buying an additional 294,042 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Zumiez by 594.9% in the fourth quarter. Teachers Advisors LLC now owns 221,731 shares of the apparel and footwear maker’s stock valued at $4,845,000 after buying an additional 189,821 shares during the last quarter. State Street Corp increased its position in shares of Zumiez by 44.8% in the fourth quarter. State Street Corp now owns 553,880 shares of the apparel and footwear maker’s stock valued at $12,099,000 after buying an additional 171,364 shares during the last quarter. Finally, Columbus Circle Investors increased its position in shares of Zumiez by 38.9% in the first quarter. Columbus Circle Investors now owns 547,469 shares of the apparel and footwear maker’s stock valued at $10,019,000 after buying an additional 153,268 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.
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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