Zumiez Inc. (ZUMZ) Expected to Post Quarterly Sales of $299.27 Million

Wall Street brokerages expect Zumiez Inc. (NASDAQ:ZUMZ) to announce sales of $299.27 million for the current quarter, Zacks reports. Four analysts have issued estimates for Zumiez’s earnings, with the lowest sales estimate coming in at $297.88 million and the highest estimate coming in at $300.00 million. Zumiez posted sales of $263.64 million during the same quarter last year, which suggests a positive year over year growth rate of 13.5%. The business is expected to report its next earnings report on Thursday, March 8th.

On average, analysts expect that Zumiez will report full-year sales of $299.27 million for the current financial year, with estimates ranging from $917.04 million to $920.00 million. For the next year, analysts expect that the company will post sales of $959.18 million per share, with estimates ranging from $938.73 million to $985.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Zumiez.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.48. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The company had revenue of $245.80 million during the quarter, compared to the consensus estimate of $244.50 million. During the same quarter last year, the firm earned $0.43 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the company. B. Riley set a $26.00 target price on Zumiez and gave the stock a “buy” rating in a report on Wednesday, February 7th. BidaskClub downgraded Zumiez from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Zumiez from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a report on Saturday, January 6th. William Blair reissued a “buy” rating on shares of Zumiez in a report on Thursday, January 4th. Finally, Jefferies Group set a $22.00 target price on Zumiez and gave the stock a “hold” rating in a report on Thursday, January 4th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Zumiez has a consensus rating of “Hold” and a consensus target price of $20.57.

In related news, Director Scott Andrew Bailey sold 7,843 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $20.75, for a total value of $162,742.25. Following the transaction, the director now owns 9,908 shares in the company, valued at $205,591. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Zumiez by 11.5% in the fourth quarter. BlackRock Inc. now owns 2,619,976 shares of the apparel and footwear maker’s stock worth $54,562,000 after purchasing an additional 269,913 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Zumiez by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,136,908 shares of the apparel and footwear maker’s stock worth $26,391,000 after purchasing an additional 39,438 shares during the period. Vanguard Group Inc. increased its position in shares of Zumiez by 7.4% in the second quarter. Vanguard Group Inc. now owns 1,776,196 shares of the apparel and footwear maker’s stock worth $21,936,000 after purchasing an additional 123,142 shares during the period. FMR LLC increased its position in shares of Zumiez by 6.5% in the second quarter. FMR LLC now owns 595,966 shares of the apparel and footwear maker’s stock worth $7,361,000 after purchasing an additional 36,144 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Zumiez by 53.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 330,976 shares of the apparel and footwear maker’s stock worth $6,893,000 after purchasing an additional 115,324 shares during the period. Institutional investors own 76.12% of the company’s stock.

Shares of Zumiez (ZUMZ) opened at $19.35 on Monday. Zumiez has a twelve month low of $11.43 and a twelve month high of $24.44. The firm has a market capitalization of $488.59, a price-to-earnings ratio of 18.97, a PEG ratio of 0.75 and a beta of 1.29.

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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.

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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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