Zumiez Inc. (NASDAQ:ZUMZ) – Research analysts at William Blair upped their Q3 2019 earnings per share estimates for shares of Zumiez in a research note issued to investors on Wednesday, April 11th. William Blair analyst S. Zackfia now forecasts that the apparel and footwear maker will post earnings of $0.60 per share for the quarter, up from their prior estimate of $0.59. William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Zumiez’s Q4 2019 earnings at $1.15 EPS and FY2019 earnings at $1.54 EPS.
A number of other research analysts have also commented on ZUMZ. Robert W. Baird reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Zumiez in a report on Thursday. BidaskClub raised Zumiez from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 28th. Zacks Investment Research lowered Zumiez from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a report on Saturday, January 6th. TheStreet raised Zumiez from a “c+” rating to a “b-” rating in a report on Tuesday, March 20th. Finally, B. Riley set a $25.50 target price on Zumiez and gave the company a “buy” rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $24.20.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, March 15th. The apparel and footwear maker reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Zumiez had a net margin of 2.89% and a return on equity of 8.38%. The firm had revenue of $308.20 million during the quarter, compared to analyst estimates of $301.75 million. During the same period in the prior year, the company earned $0.74 earnings per share. The business’s quarterly revenue was up 16.9% compared to the same quarter last year.
Several large investors have recently added to or reduced their stakes in ZUMZ. Spark Investment Management LLC bought a new stake in shares of Zumiez during the 4th quarter valued at $8,684,000. Thrivent Financial For Lutherans lifted its position in shares of Zumiez by 3,544.2% during the 4th quarter. Thrivent Financial For Lutherans now owns 404,143 shares of the apparel and footwear maker’s stock worth $8,416,000 after buying an additional 393,053 shares during the last quarter. BlackRock Inc. lifted its position in shares of Zumiez by 11.5% during the 4th quarter. BlackRock Inc. now owns 2,619,976 shares of the apparel and footwear maker’s stock worth $54,562,000 after buying an additional 269,913 shares during the last quarter. Divisar Capital Management LLC bought a new stake in shares of Zumiez during the 4th quarter worth $5,415,000. Finally, Acadian Asset Management LLC lifted its position in shares of Zumiez by 238.8% during the 4th quarter. Acadian Asset Management LLC now owns 193,686 shares of the apparel and footwear maker’s stock worth $4,033,000 after buying an additional 136,513 shares during the last quarter. Hedge funds and other institutional investors own 71.94% of the company’s stock.
In other news, Director Thomas D. Campion sold 35,459 shares of the company’s stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $25.07, for a total transaction of $888,957.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 258,797 shares of company stock valued at $6,484,643. Corporate insiders own 27.50% of the company’s stock.
Zumiez Company Profile
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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