Zumiez Inc. (NASDAQ:ZUMZ) Expected to Post Quarterly Sales of $226.73 Million

Equities research analysts expect Zumiez Inc. (NASDAQ:ZUMZ) to post $226.73 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Zumiez’s earnings, with estimates ranging from $183.92 million to $259.00 million. Zumiez posted sales of $228.43 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.7%. The firm is expected to announce its next quarterly earnings report on Thursday, September 3rd.

According to Zacks, analysts expect that Zumiez will report full-year sales of $970.63 million for the current financial year, with estimates ranging from $909.24 million to $1.02 billion. For the next financial year, analysts forecast that the firm will post sales of $1.06 billion, with estimates ranging from $1.00 billion to $1.11 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Zumiez.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, June 4th. The apparel and footwear maker reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.15). Zumiez had a return on equity of 10.76% and a net margin of 4.69%. The business had revenue of $137.80 million for the quarter, compared to analyst estimates of $141.05 million. During the same period last year, the firm posted $0.03 EPS. Zumiez’s quarterly revenue was down 35.3% on a year-over-year basis.

A number of equities analysts have issued reports on the company. BidaskClub raised Zumiez from a “sell” rating to a “hold” rating in a report on Friday, May 29th. DA Davidson upped their target price on Zumiez from $18.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, June 5th. Pivotal Research reaffirmed a “hold” rating and issued a $32.00 target price on shares of Zumiez in a report on Friday, June 5th. B. Riley upped their target price on Zumiez from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Finally, Robert W. Baird lowered their target price on Zumiez from $35.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $30.33.

In other news, Director Ernest R. Johnson sold 4,087 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $30.11, for a total transaction of $123,059.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 23.10% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Hennessy Advisors Inc. bought a new position in shares of Zumiez during the first quarter valued at about $1,476,000. JPMorgan Chase & Co. increased its holdings in Zumiez by 18.4% during the 1st quarter. JPMorgan Chase & Co. now owns 807,034 shares of the apparel and footwear maker’s stock valued at $13,979,000 after purchasing an additional 125,301 shares during the period. Swiss National Bank increased its holdings in Zumiez by 1.5% during the 1st quarter. Swiss National Bank now owns 40,000 shares of the apparel and footwear maker’s stock valued at $693,000 after purchasing an additional 600 shares during the period. Goldman Sachs Group Inc. raised its position in Zumiez by 140.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 258,589 shares of the apparel and footwear maker’s stock valued at $8,932,000 after purchasing an additional 150,967 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in Zumiez by 17.9% in the 1st quarter. Alps Advisors Inc. now owns 12,936 shares of the apparel and footwear maker’s stock worth $224,000 after buying an additional 1,964 shares during the period. 79.89% of the stock is currently owned by institutional investors.

ZUMZ traded down $0.08 on Friday, reaching $25.92. The stock had a trading volume of 413,062 shares, compared to its average volume of 411,179. Zumiez has a fifty-two week low of $13.13 and a fifty-two week high of $35.68. The firm has a 50-day moving average of $24.20 and a 200-day moving average of $26.45. The company has a current ratio of 2.39, a quick ratio of 1.52 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $659.17 million, a price-to-earnings ratio of 14.81 and a beta of 1.82.

Zumiez Company Profile

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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