Q3 2017 EPS Estimates for Zumiez Inc. (ZUMZ) Boosted by B. Riley
Zumiez Inc. (NASDAQ:ZUMZ) – Analysts at B. Riley boosted their Q3 2017 earnings per share estimates for shares of Zumiez in a research note issued to investors on Thursday. B. Riley analyst J. Van. Sinderen now forecasts that the firm will post earnings per share of $0.29 for the quarter, up from their prior estimate of $0.24. B. Riley has a “Buy” rating and a $25.00 price target on the stock. B. Riley also issued estimates for Zumiez’s Q4 2017 earnings at $0.62 EPS, FY2017 earnings at $0.79 EPS and FY2018 earnings at $1.07 EPS.
Other research analysts have also issued reports about the stock. Jefferies Group reiterated a “hold” rating and issued a $17.00 price objective on shares of Zumiez in a research note on Friday, September 9th. Stifel Nicolaus lifted their price objective on shares of Zumiez to $18.00 and gave the company a “hold” rating in a research note on Thursday. BMO Capital Markets reiterated a “market perform” rating and issued a $16.00 price objective on shares of Zumiez in a research note on Saturday, September 10th. Mizuho lifted their price objective on shares of Zumiez from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Robert W. Baird boosted their price target on shares of Zumiez from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $17.93.
Zumiez (NASDAQ:ZUMZ) traded up 2.88% during mid-day trading on Friday, reaching $21.76. The company had a trading volume of 942,298 shares. The firm has a market capitalization of $540.30 million, a price-to-earnings ratio of 28.37 and a beta of 1.56. Zumiez has a 12-month low of $11.53 and a 12-month high of $22.54. The firm has a 50-day moving average price of $17.29 and a 200 day moving average price of $16.49.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.05. The business earned $178.30 million during the quarter, compared to the consensus estimate of $177.35 million. Zumiez had a return on equity of 7.21% and a net margin of 2.48%. Zumiez’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share.
A number of hedge funds have recently bought and sold shares of ZUMZ. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Zumiez by 31.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 164,013 shares of the apparel and footwear maker’s stock valued at $2,347,000 after buying an additional 39,647 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Zumiez during the first quarter valued at $390,000. Prudential Financial Inc. increased its stake in Zumiez by 77.1% in the first quarter. Prudential Financial Inc. now owns 81,724 shares of the apparel and footwear maker’s stock valued at $1,628,000 after buying an additional 35,589 shares in the last quarter. Nordea Investment Management AB increased its stake in Zumiez by 440.8% in the second quarter. Nordea Investment Management AB now owns 45,191 shares of the apparel and footwear maker’s stock valued at $647,000 after buying an additional 36,834 shares in the last quarter. Finally, Stoneridge Investment Partners LLC increased its stake in Zumiez by 10.0% in the second quarter. Stoneridge Investment Partners LLC now owns 89,599 shares of the apparel and footwear maker’s stock valued at $1,282,000 after buying an additional 8,158 shares in the last quarter. 84.11% of the stock is owned by institutional investors and hedge funds.
Zumiez Inc is a specialty retailer of apparel, footwear, accessories and hardgoods for men and women. The Company operates under the names Zumiez and Blue Tomato. Additionally, the Company operates e-commerce Websites at www.zumiez.com and www.blue-tomato.com. Its product categories are men’s apparel, accessories, footwear, hardgoods and junior’s apparel.
Receive News & Ratings for Zumiez Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez Inc. and related companies with MarketBeat.com's FREE daily email newsletter.