Zumiez Inc. (ZUMZ) Expected to Post Earnings of $0.90 Per Share
Analysts forecast that Zumiez Inc. (NASDAQ:ZUMZ) will announce earnings per share of $0.90 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Zumiez’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.88. Zumiez posted earnings of $0.74 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.6%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, March 15th.
On average, analysts expect that Zumiez will report full year earnings of $1.18 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.20. For the next fiscal year, analysts anticipate that the company will post earnings of $1.40 per share, with EPS estimates ranging from $1.29 to $1.49. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Zumiez.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Zumiez from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a report on Saturday, January 6th. BMO Capital Markets set a $20.00 price target on Zumiez and gave the stock a “hold” rating in a report on Friday, December 1st. B. Riley set a $23.00 price target on Zumiez and gave the stock a “buy” rating in a report on Friday, December 1st. BidaskClub lowered Zumiez from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Jefferies Group set a $22.00 price target on Zumiez and gave the stock a “hold” rating in a report on Thursday, January 4th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Zumiez has a consensus rating of “Hold” and a consensus target price of $20.57.
Several large investors have recently modified their holdings of ZUMZ. Voya Investment Management LLC acquired a new stake in shares of Zumiez during the 2nd quarter worth about $142,000. Russell Investments Group Ltd. acquired a new stake in shares of Zumiez during the 3rd quarter worth about $199,000. The Manufacturers Life Insurance Company increased its position in shares of Zumiez by 12.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the apparel and footwear maker’s stock worth $204,000 after purchasing an additional 1,829 shares during the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of Zumiez during the 3rd quarter worth about $212,000. Finally, HBK Investments L P acquired a new stake in shares of Zumiez during the 4th quarter worth about $214,000. 71.62% of the stock is owned by hedge funds and other institutional investors.
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.
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