FY2019 EPS Estimates for Zumiez Inc. (ZUMZ) Increased by Jefferies Financial Group

Zumiez Inc. (NASDAQ:ZUMZ) – Equities researchers at Jefferies Financial Group increased their FY2019 earnings per share estimates for shares of Zumiez in a report released on Wednesday, January 9th. Jefferies Financial Group analyst J. Stichter now expects that the apparel and footwear maker will earn $1.73 per share for the year, up from their previous forecast of $1.71. Jefferies Financial Group currently has a “Buy” rating and a $28.00 target price on the stock.

A number of other brokerages have also weighed in on ZUMZ. B. Riley set a $34.00 price target on Zumiez and gave the stock a “buy” rating in a research note on Thursday, October 11th. Pivotal Research restated a “buy” rating and set a $30.00 price target on shares of Zumiez in a research note on Thursday, October 11th. BidaskClub lowered Zumiez from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 14th. Finally, ValuEngine lowered Zumiez from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.43.



ZUMZ opened at $22.89 on Friday. Zumiez has a 1 year low of $17.57 and a 1 year high of $32.70. The stock has a market capitalization of $543.04 million, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.02 and a beta of 1.11.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, December 6th. The apparel and footwear maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.06. Zumiez had a return on equity of 10.06% and a net margin of 3.62%. The company had revenue of $248.80 million for the quarter, compared to analyst estimates of $248.70 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Zumiez by 3.2% during the 2nd quarter. BlackRock Inc. now owns 2,986,304 shares of the apparel and footwear maker’s stock worth $74,807,000 after buying an additional 91,515 shares during the period. Vanguard Group Inc raised its stake in shares of Zumiez by 9.9% during the 3rd quarter. Vanguard Group Inc now owns 2,199,058 shares of the apparel and footwear maker’s stock worth $57,945,000 after buying an additional 197,221 shares during the period. Vanguard Group Inc. raised its stake in shares of Zumiez by 9.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,199,058 shares of the apparel and footwear maker’s stock worth $57,945,000 after buying an additional 197,221 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Zumiez by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,143,187 shares of the apparel and footwear maker’s stock worth $53,688,000 after buying an additional 12,751 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Zumiez by 53.3% during the 3rd quarter. Renaissance Technologies LLC now owns 714,400 shares of the apparel and footwear maker’s stock worth $18,824,000 after buying an additional 248,500 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Zumiez Company Profile

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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