Zumiez Inc. (NASDAQ:ZUMZ) – Equities researchers at William Blair boosted their FY2017 earnings per share estimates for Zumiez in a research note issued to investors on Wednesday. William Blair analyst S. Zackfia now anticipates that the firm will post earnings per share of $0.77 for the year, up from their previous estimate of $0.65. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Zumiez’s Q4 2017 earnings at $0.59 EPS and FY2018 earnings at $0.91 EPS.
A number of other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Zumiez to $18.00 and gave the company a “hold” rating in a report on Thursday. Wedbush upped their price target on shares of Zumiez to $18.00 and gave the company a “neutral” rating in a report on Thursday. Mizuho upped their price target on shares of Zumiez from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday. B. Riley upgraded shares of Zumiez from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday. Finally, BMO Capital Markets restated a “market perform” rating and set a $16.00 price target on shares of Zumiez in a report on Saturday, September 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Zumiez has an average rating of “Hold” and a consensus price target of $17.93.
Zumiez (NASDAQ:ZUMZ) traded up 2.65% during trading on Friday, hitting $21.71. The stock had a trading volume of 989,766 shares. Zumiez has a 52 week low of $11.53 and a 52 week high of $22.54. The company has a market cap of $539.06 million, a PE ratio of 28.31 and a beta of 1.56. The stock has a 50-day moving average price of $17.29 and a 200-day moving average price of $16.49.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The company earned $178.30 million during the quarter, compared to analyst estimates of $177.35 million. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 earnings per share.
Several hedge funds have recently bought and sold shares of ZUMZ. FMR LLC raised 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 valued at $37,493,000 after buying an additional 465,011 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Zumiez by 31.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,480,468 shares of the apparel and footwear maker’s stock valued at $21,185,000 after buying an additional 352,967 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Zumiez during the second quarter valued at $2,851,000. Lombardia Capital Partners LLC raised its stake in Zumiez by 21.3% in the second quarter. Lombardia Capital Partners LLC now owns 1,093,013 shares of the apparel and footwear maker’s stock valued at $15,641,000 after buying an additional 192,039 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Zumiez during the second quarter valued at $1,789,000. 84.11% of the stock is owned by institutional investors.
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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