Wedbush Weighs in on Zumiez Inc.’s Q4 2017 Earnings (ZUMZ)
Zumiez Inc. (NASDAQ:ZUMZ) – Equities research analysts at Wedbush increased their Q4 2017 earnings per share (EPS) estimates for shares of Zumiez in a research note issued to investors on Thursday. Wedbush analyst M. Brown now anticipates that the brokerage will post earnings per share of $0.62 for the quarter, up from their prior forecast of $0.56. Wedbush has a “Neutral” rating and a $18.00 price objective on the stock. Wedbush also issued estimates for Zumiez’s Q2 2018 earnings at $0.01 EPS and Q4 2018 earnings at $0.67 EPS.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The business earned $178.30 million during the quarter, compared to analysts’ expectations of $177.35 million. During the same quarter last year, the company earned $0.12 earnings per share. The firm’s revenue was down .8% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. B. Riley raised shares of Zumiez from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday. Stifel Nicolaus reiterated a “hold” rating and issued a $18.00 price target (up from $17.00) on shares of Zumiez in a research note on Thursday. Jefferies Group reiterated a “hold” rating and issued a $17.00 price target on shares of Zumiez in a research note on Friday, September 9th. BMO Capital Markets reiterated a “market perform” rating and issued a $16.00 price target on shares of Zumiez in a research note on Saturday, September 10th. Finally, Robert W. Baird lifted their price target on shares of Zumiez from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.13.
Zumiez (NASDAQ:ZUMZ) traded up 3.69% during midday trading on Friday, hitting $21.93. 1,295,691 shares of the company traded hands. Zumiez has a 12-month low of $11.53 and a 12-month high of $22.54. The stock’s 50-day moving average price is $17.45 and its 200 day moving average price is $16.51. The company has a market capitalization of $544.52 million, a price-to-earnings ratio of 28.59 and a beta of 1.56.
A number of hedge funds have recently bought and sold shares of ZUMZ. FMR LLC increased its stake in shares of Zumiez by 21.6% in the second quarter. FMR LLC now owns 2,620,069 shares of the apparel and footwear maker’s stock worth $37,493,000 after buying an additional 465,011 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Zumiez by 31.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,480,468 shares of the apparel and footwear maker’s stock worth $21,185,000 after buying an additional 352,967 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Zumiez during the second quarter worth $2,851,000. Lombardia Capital Partners LLC increased its stake in shares of Zumiez by 21.3% in the second quarter. Lombardia Capital Partners LLC now owns 1,093,013 shares of the apparel and footwear maker’s stock worth $15,641,000 after buying an additional 192,039 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Zumiez during the second quarter worth $1,789,000. 84.11% of the stock is owned by hedge funds and other institutional investors.
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.
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