B. Riley Weighs in on Zumiez Inc.’s Q3 2018 Earnings (ZUMZ)

Zumiez Inc. (NASDAQ:ZUMZ) – Stock analysts at B. Riley upped their Q3 2018 EPS estimates for shares of Zumiez in a report issued on Thursday. B. Riley analyst J. Van. Sinderen now forecasts that the apparel and footwear maker will post earnings per share of $0.46 for the quarter, up from their prior estimate of $0.44. B. Riley currently has a “Buy” rating and a $21.00 target price on the stock. B. Riley also issued estimates for Zumiez’s FY2018 earnings at $1.02 EPS, Q1 2019 earnings at ($0.13) EPS, Q2 2019 earnings at ($0.05) EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.80 EPS and FY2019 earnings at $1.17 EPS.

A number of other research firms have also weighed in on ZUMZ. Zacks Investment Research lowered shares of Zumiez from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub upgraded shares of Zumiez from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. BMO Capital Markets set a $16.00 price target on shares of Zumiez and gave the stock a “hold” rating in a research report on Sunday, September 10th. Robert W. Baird restated a “hold” rating and issued a $17.00 price target on shares of Zumiez in a research report on Friday, September 8th. Finally, Jefferies Group LLC set a $15.00 price target on shares of Zumiez and gave the stock a “hold” rating in a research report on Thursday, October 5th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $18.50.

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Zumiez (ZUMZ) traded down $0.40 on Monday, reaching $17.10. 385,042 shares of the company’s stock were exchanged, compared to its average volume of 336,509. Zumiez has a 52-week low of $11.43 and a 52-week high of $26.55. The company has a market cap of $446.58, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 0.93 and a beta of 1.33.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. Zumiez had a net margin of 2.78% and a return on equity of 7.83%. The firm had revenue of $192.20 million for the quarter, compared to analyst estimates of $192.12 million. During the same period in the previous year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Texas Permanent School Fund lifted its position in shares of Zumiez by 2.1% in the 2nd quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock worth $159,000 after purchasing an additional 260 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Zumiez by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 91,853 shares of the apparel and footwear maker’s stock worth $1,135,000 after purchasing an additional 1,135 shares during the period. Prudential Financial Inc. lifted its position in shares of Zumiez by 2.5% in the 1st quarter. Prudential Financial Inc. now owns 58,226 shares of the apparel and footwear maker’s stock worth $1,066,000 after purchasing an additional 1,421 shares during the period. Disciplined Growth Investors Inc. MN lifted its position in shares of Zumiez by 0.6% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 259,975 shares of the apparel and footwear maker’s stock worth $3,211,000 after purchasing an additional 1,475 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Zumiez by 1.3% in the 2nd quarter. Principal Financial Group Inc. now owns 134,150 shares of the apparel and footwear maker’s stock worth $1,657,000 after purchasing an additional 1,686 shares during the period. Hedge funds and other institutional investors own 81.38% of the company’s stock.

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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