The equity research analysts at StockNews.com began covering Zumiez in a research report distributed to clients and investors on Thursday.
The report was also sent out to customers on Thursday (NASDAQ: ZUMZ).
The manufacturer’s stock in the production of clothing and footwear received a “hold” rating from the brokerage firm.
On March 9th, the most recent quarterly earnings report for Zumiez, INC (NASDAQ: ZUMZ) was made available to the public.
The apparel and footwear manufacturer reported quarterly earnings per share of $0.59, which was $0.10 higher than the consensus estimate of $0.49.
The company’s primary market is the United States.
The company’s sales for the quarter came in at $280.11 million, significantly higher than the general projection of $268.60 million made by market analysts.
The return on equity for Zumiez was 5.45%, and the net margin for the company was 2.19%.
The company’s revenue for the quarter experienced a decrease of 19.2% compared to the same period during the previous fiscal year.
The company posted earnings of $1.70 per share during the same period the year before when compared to the current year. Sell-side analysts anticipate Zumiez will earn $0.91 per share in the current fiscal year.
This projection comes from the company’s financial statements.
ZUMZ was first traded on the NASDAQ on Thursday for $19.50 per share.
At the moment, the stock’s 50-day moving average is located at $24.36, and its 200-day moving average is located at $23.33, respectively.
The company’s market capitalization is estimated at $380.06 million, its price-to-earnings ratio is 17.89, and its beta is 1.50.
The lowest price that Zumiez reached over the past year was $18.86, while its highest price was $43.89.
The rating of “market perform” that William Blair had previously given to Zumiez shares was reaffirmed in a second research report published on March 10th.
The report was about the company’s financial performance.
Over the last few months, several large investors have traded in and out of their ZUMZ shares.
During the third quarter, Thrivent Financial for Lutherans increased the percentage of Zumiez shares held in its portfolio by 54%.
Thrivent Financial for Lutherans now has 1,464,359 shares of the clothing and footwear manufacturer’s stock after purchasing an additional 513,479 shares during the most recent quarter.
These shares have a current value of $31,528,000.
Thrivent Financial for Lutherans purchased the shares.
In the fourth quarter, Millennium Management LLC made a 414.0% increase in the Zumiez stock it owned, bringing its total to 100%.
Millennium Management LLC now has 609,324 shares of the clothing and footwear manufacturer’s stock after purchasing an additional 490,772 shares during the most recent quarter.
The stock is currently valued at $13,247,000.
During the third quarter, Tieton Capital Management LLC made an investment in Zumiez for the amount of $3,939,000.
As of the end of the second quarter, Renaissance Technologies LLC had increased its total ownership stake in Zumiez to 134.9% from the previous level it had reached. Renaissance Technologies LLC now has 302,008 shares of the clothing and footwear manufacturer’s stock, currently valued at $7,852,000, after the company purchased an additional 173,415 shares during the most recent quarter for a total investment of $7,851,000.
During the final three months of 2018, the investment company Schonfeld Strategic Advisors LLC started a new position in Zumiez worth $3,757,000.
At present, institutions own a total of 84.77% of the shares of the company.
Young people, both male and female, makeup Zumiez’s target demographic for the purchase of a wide range of products, such as apparel, footwear, accessories, and hard goods.
It makes available a wide variety of hard goods available under the brand names Zumiez, Blue Tomato, and Fast Times.
These products include skateboards, snowboards, bindings, components, and other pieces of apparatus.
Thomas D. was the first to establish the company in its current form.