Equities research analysts predict that Zumiez Inc. (NASDAQ:ZUMZ) will announce sales of $299.67 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Zumiez’s earnings. The lowest sales estimate is $297.88 million and the highest is $301.60 million. Zumiez posted sales of $263.64 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.7%. The company is scheduled to report its next quarterly earnings report on Thursday, March 8th.
On average, analysts expect that Zumiez will report full-year sales of $299.67 million for the current fiscal year, with estimates ranging from $917.04 million to $920.70 million. For the next financial year, analysts forecast that the business will post sales of $959.58 million per share, with estimates ranging from $938.73 million to $986.90 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Zumiez.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The firm had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $244.50 million. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share.
In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $20.75, for a total transaction of $162,742.25. Following the sale, the director now owns 9,908 shares of the company’s stock, valued at approximately $205,591. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.50% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Thrivent Financial For Lutherans purchased a new stake in shares of Zumiez during the 2nd quarter valued at $130,000. Voya Investment Management LLC purchased a new stake in shares of Zumiez during the 2nd quarter valued at $142,000. Marshall Wace North America L.P. purchased a new stake in shares of Zumiez during the 2nd quarter valued at $155,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Zumiez by 29.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,016 shares of the apparel and footwear maker’s stock valued at $161,000 after purchasing an additional 2,934 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Zumiez during the 3rd quarter valued at $199,000. Hedge funds and other institutional investors own 74.58% of the company’s stock.
Zumiez (NASDAQ:ZUMZ) traded up $0.45 on Tuesday, hitting $23.00. The stock had a trading volume of 391,300 shares, compared to its average volume of 943,800. The company has a market capitalization of $580.74, a PE ratio of 22.77, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. Zumiez has a 1 year low of $11.43 and a 1 year high of $24.44.
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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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