Zumiez Inc. (NASDAQ:ZUMZ) – Investment analysts at DA Davidson lifted their FY2020 EPS estimates for Zumiez in a research note issued on Monday, September 9th. DA Davidson analyst J. Morris now expects that the apparel and footwear maker will post earnings of $2.18 per share for the year, up from their previous forecast of $1.89. DA Davidson currently has a “Neutral” rating and a $28.00 target price on the stock. DA Davidson also issued estimates for Zumiez’s FY2021 earnings at $2.28 EPS.
Other research analysts also recently issued reports about the stock. Wedbush set a $17.00 price objective on shares of Zumiez and gave the company a “sell” rating in a research note on Friday, June 7th. B. Riley boosted their target price on shares of Zumiez from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. TheStreet upgraded shares of Zumiez from a “c+” rating to a “b” rating in a research note on Thursday, September 5th. Pivotal Research upped their target price on shares of Zumiez from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Finally, Zacks Investment Research raised shares of Zumiez from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Saturday, May 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $27.00.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 5th. The apparel and footwear maker reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.17. Zumiez had a return on equity of 13.59% and a net margin of 5.35%. The company had revenue of $228.40 million for the quarter, compared to analyst estimates of $223.65 million. During the same period in the prior year, the company posted $0.17 EPS. Zumiez’s quarterly revenue was up 4.3% on a year-over-year basis.
In related news, CEO Richard Miles Brooks sold 124,144 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $33.07, for a total transaction of $4,105,442.08. Following the transaction, the chief executive officer now directly owns 2,893,024 shares in the company, valued at $95,672,303.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.10% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. bought a new position in shares of Zumiez during the first quarter valued at approximately $825,000. Victory Capital Management Inc. acquired a new stake in shares of Zumiez in the 1st quarter worth about $1,454,000. BNP Paribas Arbitrage SA boosted its stake in Zumiez by 853.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,310 shares of the apparel and footwear maker’s stock valued at $107,000 after purchasing an additional 3,858 shares during the period. KAMES CAPITAL plc boosted its stake in Zumiez by 11.5% during the 2nd quarter. KAMES CAPITAL plc now owns 171,355 shares of the apparel and footwear maker’s stock valued at $4,466,000 after purchasing an additional 17,730 shares during the period. Finally, CIBC World Markets Inc. bought a new position in Zumiez in the 1st quarter worth about $260,000. 83.58% of the stock is owned by institutional investors and hedge funds.
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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