Zumiez Inc. (NASDAQ:ZUMZ) – William Blair upped their Q1 2019 earnings estimates for Zumiez in a note issued to investors on Wednesday, April 11th. William Blair analyst S. Zackfia now forecasts that the apparel and footwear maker will earn ($0.13) per share for the quarter, up from their prior estimate of ($0.15). William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Zumiez’s Q2 2019 earnings at ($0.07) EPS.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Zumiez had a net margin of 2.89% and a return on equity of 8.38%. The firm had revenue of $308.20 million during the quarter, compared to analysts’ expectations of $301.75 million. During the same quarter in the prior year, the business earned $0.74 EPS. The company’s quarterly revenue was up 16.9% compared to the same quarter last year.
Shares of ZUMZ stock opened at $24.25 on Monday. Zumiez has a fifty-two week low of $11.43 and a fifty-two week high of $26.30. The firm has a market capitalization of $627.45, a PE ratio of 22.05, a PEG ratio of 0.89 and a beta of 1.11.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Maverick Capital Ltd. boosted its stake in shares of Zumiez by 10.0% during the fourth quarter. Maverick Capital Ltd. now owns 47,422 shares of the apparel and footwear maker’s stock valued at $988,000 after acquiring an additional 4,292 shares during the last quarter. Geode Capital Management LLC boosted its stake in Zumiez by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 167,142 shares of the apparel and footwear maker’s stock worth $3,480,000 after buying an additional 4,885 shares during the last quarter. Rhumbline Advisers boosted its stake in Zumiez by 17.0% in the 4th quarter. Rhumbline Advisers now owns 42,791 shares of the apparel and footwear maker’s stock worth $891,000 after buying an additional 6,233 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Zumiez by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 217,891 shares of the apparel and footwear maker’s stock worth $4,539,000 after buying an additional 10,145 shares during the last quarter. Finally, HBK Investments L P acquired a new stake in Zumiez in the 4th quarter worth about $214,000. 71.94% of the stock is currently owned by institutional investors and hedge funds.
In related news, Chairman Thomas D. Campion sold 140,140 shares of the stock in a transaction on Friday, April 6th. The stock was sold at an average price of $25.05, for a total transaction of $3,510,507.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 258,797 shares of company stock worth $6,484,643. Corporate insiders own 27.50% of the company’s stock.
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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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