Zumiez Inc. (NASDAQ:ZUMZ) shares are down 15.38% in pre-market trading this morning as the company released their third quarter eanings and fourth quarter guidance. While they beat estimates on earnings considerably, reporting $0.36 per share, whereas consensus estimates were at $0.29 per share, the company disappointed with their fourth quarter guidance. While analysts had been expecting an EPS of $0.63 per share on $254.7 million in revenue, Zumiez Inc. (NASDAQ:ZUMZ) has guided towards an EPS of between $0.40-$0.46 and revenue of between $226-$231 million.
The stock closed at $13.9 during the last trading session. It is down 56.41% since May 1, 2015 and is downtrending. It has underperformed the S&P500 by 56.21%.
From a total of 12 analysts covering Zumiez Inc. (NASDAQ:ZUMZ) stock, 2 rate it a “Buy”, 2 a “Sell”, and 8 a “Hold”. This means that 17% of the ratings are positive. The highest target price is $30 while the lowest target price is $13. The mean of all analyst targets is $20.27 which is 45.83% above today’s ($13.9) stock price. Zumiez Inc. was the topic of 24 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. William Blair downgraded shares on December 1 to a “Market Perform” rating. Roth Capital maintained shares with a”Neutral” rating and a $26 target share price in their report from an August 6. Stifel Nicolaus downgraded ZUMZ stock in a recent report from October 9 to a “Hold” rating. Finally, B. Riley & Co maintained the stock with a “Neutral” rating in a report they issued on a September 11.
The institutional sentiment decreased to 1.03 in Q2 2015. It’s down 0.33, from 1.36 in 2015Q1. The ratio fall, as 32 funds sold all their Zumiez Inc. shares they owned while 48 reduced their positions. 28 funds bought stakes while 54 increased their total positions. Institutions now own 21.81 million shares which is 2.50% more than the previous share count of 21.28 million in 2015Q1.
Aristotle Fund L.P. holds 2.75% of its total portfolio in Zumiez Inc., equating to 42,000 shares. Hussman Strategic Advisors Inc. owns 350,000 shares representing 1.08% of their total US portfolio. Moreover, Grandeur Peak Global Advisors Llc has 0.94% of their total portfolio invested in the company, equating to 179,675 shares. The Utah-based Wasatch Advisors Inc has a total of 0.93% of their portfolio invested in the stock. Morgan Dempsey Capital Management Llc, a Wisconsin-based fund reported 48,706 shares owned.
Zumiez Inc. is a multi-channel specialty retailer of apparel, footwear, accessories and hardgoods. The company has a market cap of $370.65 million. As of January 31, 2015, the Company operated 603 stores; 550 in the United States, 35 in Canada and 18 in Europe. It has 10.39 P/E ratio. The Firm operates under the names Zumiez and Blue Tomato.