Zumiez (NASDAQ:ZUMZ) Releases Q4 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.26-1.32 for the period, compared to the Thomson Reuters consensus estimate of $1.17. The company issued revenue guidance of $314-320 million, compared to the consensus revenue estimate of $318.49 million.

Shares of ZUMZ stock traded up $4.83 on Friday, hitting $35.39. 140,039 shares of the company’s stock were exchanged, compared to its average volume of 436,449. The company has a 50 day moving average of $31.11 and a 200 day moving average of $27.05. The stock has a market cap of $787.35 million, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.06 and a quick ratio of 1.23. Zumiez has a 12 month low of $17.57 and a 12 month high of $34.15.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.15. The firm had revenue of $264.02 million for the quarter, compared to analysts’ expectations of $260.86 million. Zumiez had a return on equity of 13.59% and a net margin of 5.35%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 earnings per share. Sell-side analysts predict that Zumiez will post 2.16 EPS for the current fiscal year.

Several equities research analysts recently issued reports on ZUMZ shares. Jefferies Financial Group lifted their price target on shares of Zumiez from $34.00 to $38.00 and gave the company a positive rating in a report on Tuesday, November 26th. Pivotal Research reissued a hold rating and issued a $32.00 price objective on shares of Zumiez in a research note on Tuesday. B. Riley raised their target price on shares of Zumiez from $32.00 to $37.00 and gave the company a buy rating in a research report on Friday. Wedbush boosted their target price on shares of Zumiez from $17.00 to $25.00 and gave the stock an underperform rating in a research note on Friday. Finally, Robert W. Baird increased their price objective on shares of Zumiez from $33.00 to $35.00 and gave the stock a neutral rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $32.14.

In other news, insider Chris K. Visser sold 4,095 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $34.00, for a total value of $139,230.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Miles Brooks sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $30.00, for a total value of $2,400,000.00. Following the completion of the transaction, the chief executive officer now owns 2,653,024 shares in the company, valued at approximately $79,590,720. The disclosure for this sale can be found here. Insiders have sold a total of 232,516 shares of company stock valued at $7,426,790 in the last quarter. Company insiders own 23.10% of the company’s stock.

About Zumiez

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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