SunTrust Banks Comments on Zumiez Inc.’s Q3 2017 Earnings (ZUMZ)
Zumiez Inc. (NASDAQ:ZUMZ) – Equities research analysts at SunTrust Banks upped their Q3 2017 earnings per share estimates for Zumiez in a research note issued on Thursday. SunTrust Banks analyst P. Quintiliano now forecasts that the brokerage will post earnings per share of $0.29 for the quarter, up from their previous forecast of $0.21. SunTrust Banks currently has a “Neutral” rating and a $17.00 target price on the stock. SunTrust Banks also issued estimates for Zumiez’s FY2017 earnings at $0.77 EPS.
ZUMZ has been the subject of a number of other research reports. 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. Mizuho raised their target price on shares of Zumiez from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, October 6th. Robert W. Baird raised their target price on shares of Zumiez from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, September 9th. Stifel Nicolaus restated a “hold” rating and set a $17.00 target price (up previously from $16.00) on shares of Zumiez in a research note on Tuesday, September 13th. Finally, Jefferies Group restated a “hold” rating and set a $17.00 target price on shares of Zumiez in a research note on Friday, September 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.13.
Shares of Zumiez (NASDAQ:ZUMZ) traded up 1.131% during mid-day trading on Monday, reaching $22.805. 105,075 shares of the company’s stock traded hands. Zumiez has a 12 month low of $11.53 and a 12 month high of $23.07. The firm has a 50 day moving average price of $17.62 and a 200-day moving average price of $16.51. The stock has a market cap of $566.25 million, a PE ratio of 29.733 and a beta of 1.56.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The firm had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.35 million. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share.
A number of large investors have recently bought and sold shares of ZUMZ. Public Employees Retirement System of Ohio raised its stake in Zumiez by 1.7% in the second quarter. Public Employees Retirement System of Ohio now owns 118,950 shares of the apparel and footwear maker’s stock worth $1,702,000 after buying an additional 1,937 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Zumiez by 11.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 136,979 shares of the apparel and footwear maker’s stock worth $1,961,000 after buying an additional 13,563 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Zumiez during the second quarter worth $1,789,000. Cubist Systematic Strategies LLC acquired a new stake in Zumiez during the second quarter worth $115,000. Finally, A.R.T. Advisors LLC raised its stake in Zumiez by 5.4% in the second quarter. A.R.T. Advisors LLC now owns 40,474 shares of the apparel and footwear maker’s stock worth $579,000 after buying an additional 2,085 shares during the last quarter. 84.11% of the stock is currently owned by hedge funds and other institutional investors.
Zumiez Company Profile
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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