Zumiez Inc. (NASDAQ:ZUMZ) – Stock analysts at William Blair boosted their Q2 2018 earnings estimates for Zumiez in a research report issued to clients and investors on Wednesday. William Blair analyst S. Zackfia now forecasts that the apparel and footwear maker will post earnings of ($0.05) per share for the quarter, up from their previous estimate of ($0.06). William Blair also issued estimates for Zumiez’s Q3 2018 earnings at $0.47 EPS and FY2019 earnings at $1.07 EPS.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.02. The firm had revenue of $181.20 million for the quarter, compared to analyst estimates of $179.35 million. Zumiez had a return on equity of 7.98% and a net margin of 2.79%. Zumiez’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) earnings per share.

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Several other brokerages also recently commented on ZUMZ. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price objective on shares of Zumiez in a research note on Thursday, April 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price objective on shares of Zumiez in a research note on Friday, May 5th. Zacks Investment Research raised Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. ValuEngine downgraded Zumiez from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised Zumiez from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.85.

Zumiez (NASDAQ ZUMZ) traded up 3.14% on Monday, reaching $13.15. The company had a trading volume of 127,610 shares. The stock has a market capitalization of $331.34 million, a price-to-earnings ratio of 13.86 and a beta of 1.22. The firm has a 50 day moving average price of $12.44 and a 200-day moving average price of $16.46. Zumiez has a 12 month low of $11.60 and a 12 month high of $26.55.

Several hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in Zumiez by 4.6% in the first quarter. BNP Paribas Arbitrage SA now owns 10,082 shares of the apparel and footwear maker’s stock valued at $185,000 after buying an additional 441 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Zumiez by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 216,190 shares of the apparel and footwear maker’s stock valued at $3,957,000 after buying an additional 3,001 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Zumiez by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,594 shares of the apparel and footwear maker’s stock valued at $340,000 after buying an additional 88 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Zumiez by 13.0% in the first quarter. Great West Life Assurance Co. Can now owns 24,428 shares of the apparel and footwear maker’s stock valued at $447,000 after buying an additional 2,817 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. increased its stake in Zumiez by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 50,100 shares of the apparel and footwear maker’s stock valued at $917,000 after buying an additional 1,400 shares in the last quarter. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Zumiez Company Profile

Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.

Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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