Zumiez (ZUMZ) Issues Q3 Earnings Guidance

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Zumiez (NASDAQ:ZUMZ) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.45 to $0.51 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.49. The company issued revenue guidance of $247 to $252 million, compared to the consensus revenue estimate of $250.21 million.

Zumiez stock opened at $29.15 on Friday. The firm has a market capitalization of $766.64 million, a price-to-earnings ratio of 26.50 and a beta of 1.18. Zumiez has a 12 month low of $12.90 and a 12 month high of $32.70.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, September 6th. The apparel and footwear maker reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $219.00 million during the quarter, compared to the consensus estimate of $218.50 million. Zumiez had a net margin of 3.01% and a return on equity of 8.64%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) earnings per share. equities analysts forecast that Zumiez will post 1.68 EPS for the current year.

Several equities research analysts have commented on the stock. Pivotal Research upgraded shares of Zumiez from a hold rating to a buy rating and boosted their price target for the stock from $30.00 to $36.00 in a research report on Tuesday. B. Riley boosted their price target on shares of Zumiez from $32.00 to $34.00 and gave the stock a buy rating in a research report on Friday. BidaskClub upgraded shares of Zumiez from a buy rating to a strong-buy rating in a research report on Thursday, August 16th. ValuEngine upgraded shares of Zumiez from a hold rating to a buy rating in a research report on Friday, August 10th. Finally, Robert W. Baird reiterated a hold rating and issued a $28.00 price target on shares of Zumiez in a research report on Thursday, August 9th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $27.00.

In other Zumiez news, CFO Christopher Codington Work sold 5,746 shares of Zumiez stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $32.00, for a total transaction of $183,872.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard Miles Brooks sold 45,827 shares of Zumiez stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $30.01, for a total value of $1,375,268.27. Following the transaction, the chief executive officer now directly owns 3,199,509 shares in the company, valued at approximately $96,017,265.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,217 shares of company stock worth $3,641,660. Corporate insiders own 27.70% of the company’s stock.

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 February 3, 2018, the company operated 698 stores, including 607 stores in the United States, 50 stores in Canada, 34 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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