$226.73 Million in Sales Expected for Zumiez Inc. (NASDAQ:ZUMZ) This Quarter

Wall Street brokerages predict that Zumiez Inc. (NASDAQ:ZUMZ) will announce sales of $226.73 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Zumiez’s earnings, with estimates ranging from $183.92 million to $259.00 million. Zumiez posted sales of $228.43 million in the same quarter last year, which suggests a negative year over year growth rate of 0.7%. The business is expected to announce its next earnings results on Thursday, September 3rd.

According to Zacks, analysts expect that Zumiez will report full year sales of $970.63 million for the current fiscal year, with estimates ranging from $909.24 million to $1.02 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.06 billion, with estimates ranging from $1.00 billion to $1.11 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Zumiez.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, June 4th. The apparel and footwear maker reported ($0.79) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by ($0.15). Zumiez had a return on equity of 10.76% and a net margin of 4.69%. The company had revenue of $137.80 million during the quarter, compared to analyst estimates of $141.05 million. During the same quarter last year, the firm posted $0.03 earnings per share. The firm’s revenue for the quarter was down 35.3% compared to the same quarter last year.

Several equities analysts recently commented on ZUMZ shares. DA Davidson upped their target price on shares of Zumiez from $18.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. Pivotal Research reiterated a “hold” rating and issued a $32.00 target price on shares of Zumiez in a research note on Friday, June 5th. Robert W. Baird lowered their price target on Zumiez from $35.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. BidaskClub raised Zumiez from a “sell” rating to a “hold” rating in a report on Friday, May 29th. Finally, B. Riley lifted their price objective on Zumiez from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Zumiez currently has a consensus rating of “Hold” and an average price target of $30.33.

Shares of ZUMZ stock traded down $0.08 during trading hours on Friday, reaching $25.92. 413,062 shares of the company’s stock were exchanged, compared to its average volume of 411,179. Zumiez has a fifty-two week low of $13.13 and a fifty-two week high of $35.68. The stock has a market capitalization of $659.17 million, a P/E ratio of 14.81 and a beta of 1.82. The business has a fifty day moving average price of $24.20 and a 200-day moving average price of $26.45. The company has a quick ratio of 1.52, a current ratio of 2.39 and a debt-to-equity ratio of 0.63.

In other news, Director Ernest R. Johnson sold 4,087 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $30.11, for a total value of $123,059.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 23.10% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of ZUMZ. C M Bidwell & Associates Ltd. bought a new position in Zumiez during the 4th quarter valued at about $44,000. Royal Bank of Canada increased its position in Zumiez by 347.0% in the 1st quarter. Royal Bank of Canada now owns 7,719 shares of the apparel and footwear maker’s stock valued at $134,000 after acquiring an additional 5,992 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Zumiez by 9.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,217 shares of the apparel and footwear maker’s stock worth $142,000 after acquiring an additional 700 shares during the last quarter. Invenomic Capital Management LP acquired a new position in shares of Zumiez during the first quarter worth approximately $163,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Zumiez by 48.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,257 shares of the apparel and footwear maker’s stock worth $178,000 after purchasing an additional 3,346 shares in the last quarter. Institutional investors own 79.89% 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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