Zumiez Inc. (NASDAQ:ZUMZ) – Equities researchers at William Blair decreased their FY2020 earnings estimates for shares of Zumiez in a research report issued to clients and investors on Monday, December 2nd, according to Zacks Investment Research. William Blair analyst S. Zackfia now anticipates that the apparel and footwear maker will earn $2.14 per share for the year, down from their previous forecast of $2.20. William Blair also issued estimates for Zumiez’s Q4 2020 earnings at $1.14 EPS and FY2021 earnings at $2.36 EPS.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.15. The company had revenue of $264.02 million for the quarter, compared to analysts’ expectations of $260.86 million. Zumiez had a net margin of 5.80% and a return on equity of 14.42%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS.
ZUMZ has been the subject of several other reports. TheStreet upgraded Zumiez from a “c+” rating to a “b” rating in a research note on Thursday, September 5th. DA Davidson restated a “positive” rating and issued a $33.00 target price on shares of Zumiez in a report on Friday, December 6th. ValuEngine lowered shares of Zumiez from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 10th. Wedbush lifted their price target on shares of Zumiez from $17.00 to $25.00 and gave the company an “underperform” rating in a report on Friday, December 6th. Finally, B. Riley boosted their price objective on shares of Zumiez from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Zumiez currently has a consensus rating of “Hold” and a consensus target price of $32.14.
NASDAQ ZUMZ traded down $0.47 during mid-day trading on Thursday, reaching $32.67. 312,032 shares of the stock were exchanged, compared to its average volume of 680,396. The stock has a market capitalization of $855.11 million, a PE ratio of 18.25, a PEG ratio of 1.13 and a beta of 1.44. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.16 and a current ratio of 2.20. Zumiez has a 1-year low of $18.38 and a 1-year high of $35.68. The business’s fifty day simple moving average is $31.32 and its 200 day simple moving average is $28.37.
In related news, Director Sarah Gaines Mccoy sold 4,037 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $34.89, for a total value of $140,850.93. Following the completion of the sale, the director now directly owns 29,822 shares in the company, valued at approximately $1,040,489.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Chris K. Visser sold 4,095 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $34.00, for a total value of $139,230.00. The disclosure for this sale can be found here. Insiders have sold a total of 126,128 shares of company stock valued at $3,967,490 in the last quarter. Company insiders own 23.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Maverick Capital Ltd. raised its holdings in shares of Zumiez by 44.6% during the 3rd quarter. Maverick Capital Ltd. now owns 520,932 shares of the apparel and footwear maker’s stock valued at $16,501,000 after buying an additional 160,682 shares during the period. Millennium Management LLC grew its position in Zumiez by 29.1% in the third quarter. Millennium Management LLC now owns 117,810 shares of the apparel and footwear maker’s stock valued at $3,731,000 after acquiring an additional 26,528 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Zumiez by 39.6% during the third quarter. Squarepoint Ops LLC now owns 142,547 shares of the apparel and footwear maker’s stock valued at $4,515,000 after purchasing an additional 40,427 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of Zumiez during the third quarter valued at approximately $1,203,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of Zumiez during the third quarter valued at approximately $265,000. 85.95% of the stock is owned by institutional investors.
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.