Zumiez Inc. (ZUMZ)

Symbol Overview

ZUMZhttp://www.nasdaq.com/symbol/zumzConsumer Services2005Clothing/Shoe/Accessory Stores

Latest Zumiez Inc. (ZUMZ) company news

Top Ranked Growth Stocks to Buy for February 16th

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Ameren (AEE) total revenues of $1,402 million in the quarter were up 3.4% year over year.

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, February 16th:

Zumiez Inc. (ZUMZ): This specialty retailer of apparel and footwear, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.3% over the last 60 days.

Zumiez Inc. Price and Consensus

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Zumiez Inc. Price and Consensus | Zumiez Inc. Quote

Zumiez has a PEG ratio of 0.81, compared with 1.58 for the industry. The company possesses a Growth Score of A.

Zumiez Inc. PEG Ratio (TTM)

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Zumiez Inc. PEG Ratio (TTM) | Zumiez Inc. Quote

RH (RH): This retailer in the home furnishings market, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.3% over the last 60 days.

Restoration Hardware Holdings Inc. Price and Consensus

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Restoration Hardware Holdings Inc. Price and Consensus | Restoration Hardware Holdings Inc. Quote

RH has a PEG ratio of 0.86, compared with 1.65 for the industry. The company possesses a Growth Score of A.

Restoration Hardware Holdings Inc. PEG Ratio (TTM)

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Restoration Hardware Holdings Inc. PEG Ratio (TTM) | Restoration Hardware Holdings Inc. Quote

Ollie's Bargain Outlet Holdings, Inc. (OLLI): This retailer of brand name merchandise, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.3% over the last 60 days.

Ollie's Bargain Outlet Holdings, Inc. Price and Consensus

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Ollie's Bargain Outlet Holdings, Inc. Price and Consensus | Ollie's Bargain Outlet Holdings, Inc. Quote

Ollie's Bargain has a PEG ratio of 1.44, compared with 2.53 for the industry. The company possesses a Growth Score of A.

Ollie's Bargain Outlet Holdings, Inc. PEG Ratio (TTM)

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Ollie's Bargain Outlet Holdings, Inc. PEG Ratio (TTM) | Ollie's Bargain Outlet Holdings, Inc. Quote

See the full list of top ranked stocks here                                  

Learn more about the Growth score and how it is calculated here.

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Zumiez Inc. Reports January 2018 Sales Results

LYNNWOOD, Wash., Feb. 07, 2018 (GLOBE NEWSWIRE) -- Zumiez Inc. (ZUMZ), a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women today announced that total net sales for the five-week period ended February 3, 2018 increased 33.6% to $66.0 million, compared to $49.4 million for the four-week period ended January 28, 2017.  Excluding the impact of the 53rd week in fiscal 2018, total net sales in January increased 12.8% from the prior year.  

The Company's comparable sales increased 6.3% for the five-week period ended February 3, 2018 compared to the five-week period ended February 4, 2017.  In the prior year comparable sales increased 9.4% for the four-week period ended January 28, 2017.

Based on slightly higher than expected sales, the company now expects fourth quarter 2017 earnings per share to be toward the high-end of it most recent guidance range of $0.88 to $0.90, which excludes any potential impact of recently passed tax reform. Due to the calendar shift related to the 53rd week, Zumiez plans to report February 2018 sales and fourth quarter 2017 results on March 15, 2018.                

To hear the Zumiez prerecorded January sales message, please dial (201) 689-8483 or (877) 523-5612, followed by the passcode # 986439 (ZUMIEZ).

About Zumiez Inc.

Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles. As of February 3, 2018 we operated 698 stores, including 607 in the United States, 50 in Canada, and 34 in Europe and 7 in Australia. We operate under the names Zumiez, Blue Tomato and Fast Times. Additionally, we operate ecommerce web sites at Zumiez.com, blue-tomato.com and fasttimes.com.au.   

Safe Harbor Statement

Certain statements in this press release and oral statements relating thereto made from time to time by representatives of the Company may constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995.  These statements include, without limitation, predictions and guidance relating to the Company's future financial performance, brand and product category diversity, ability to adjust product mix, integration of acquired businesses, growing customer demand for our products and new store openings. In some cases, you can identify forward-looking statements by terminology such as, "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology.  These forward-looking statements are based on management's current expectations but they involve a number of risks and uncertainties.  Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, which include, without limitation, those described in the Company’s quarterly report on Form 10-Q for the quarter ended October 28, 2017 as filed with the Securities and Exchange Commission and available at www.sec.gov.  You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement.  The forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. 

Company Contact:
Darin White
Director of Finance &
Investor Relations
Zumiez Inc.
(425) 551-1500, ext. 1337

Investor Contact:
ICR
Brendon Frey
(203) 682-8200

Find Out What's Behind American Eagle's (AEO) Recent Rally

American Eagle Outfitters Inc. AEO is on a bull run lately backed by a solid comparable store sales (comps) trend. Also, a robust holiday season performance driven by record sales and strong momentum at its AE and Aerie brands is bolstering the stock.

In the last three months, shares of American Eagle have rallied 36.4% outperforming the industry’s gain of 17.2%. Let’s analyze the factors underscoring this Zacks Rank #2 (Buy) company’s performance.

Robust Comps Trend & Solid Holiday Show

American Eagle’s robust comps trend marked the 11th straight quarter of positive comps in third-quarter fiscal 2017. The key factors driving this trend include solid online sales, strength in both American Eagle (AE) and Aerie brands, improved in-store traffic and favorable product mix. Notably, Aerie delivered comps growth for 14 consecutive quarters.

The company maintained this solid comps trend in the holiday period as well. In fact, it delivered comps growth of 8% in the fourth quarter through December-end period, which mainly reflects the holiday season. The uptick can be attributed to record sales and strong momentum at its AE and Aerie brands.  Further, the company benefited from solid online and in-store traffic as customers responded positively to its merchandising offerings.

Robust Outlook Drives Estimates

Following the solid holiday season, American Eagle reiterated its strong guidance for fourth-quarter fiscal 2017. It envisions comps for the fiscal fourth quarter to increase mid single-digits. This is likely to result in earnings per share of 42-44 cents compared with 39 cents in the prior-year quarter.

Driven by the robust outlook for the fourth quarter and expectations to close the fiscal year on a strong note, the company’s Zacks Consensus Estimate have been witnessing an uptrend. Estimate for fiscal 2017 moved up by 1 cent to $1.16 per share in the last 30 days.

Enhancing Omni-Channel Capacities

American Eagle remains keen on strengthening omni-channel presence by improving its websites and mobile app. Backed by these efforts and efficient digital marketing endeavors, American Eagle’s e-commerce sales contributed about 25% to total revenues in third-quarter fiscal 2017. Strong online sales at both brands also aided in comps growth. This is likely to provide significant opportunities to American Eagle for expanding its business and cater to the incredible global demand for its products.

Strategic Initiatives Augur Well

American Eagle is focused on improving its product assortments by adding more compelling brands, managing inventory levels diligently and improving e-commerce business. Additionally, it remains committed toward enhancing store sales by rationalizing its brick and mortar store fleet that includes closing underperforming stores and expanding the profitable ones.

Meanwhile, the company continues to build customer base as evident from a 13% increase in loyalty members in the third quarter. It also remains on track to convert more than 15 million current metrics and attract new customers through its revamped loyalty program, which provides a seamless overall experience. Moreover, in order to boost its bottom line, American Eagle is continuously undertaking initiatives to reduce costs through supply chain efficiencies and its updated product allocation system.

Do Apparel Stocks Grab Your Attention? Check These

Investors interested in this space may consider Zumiez Inc. ZUMZ, Chico’s FAS Inc. CHS and Gap Inc. GPS. While Zumiez sports a Zacks Rank #1 (Strong Buy), Chico’s and Gap carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Zumiez Sports delivered an average positive earnings surprise of 22.2% in the trailing four quarters. It has a long-term earnings growth rate of 18%.

Chico’s FAS pulled off an average positive earnings surprise of 31.3% in the trailing four quarters. In addition, it has a long-term earnings growth rate of 10%.

Gap delivered an average positive earnings surprise of 10.3% in the trailing four quarters. It has a long-term earnings growth rate of 8%.

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Zumiez Inc. (ZUMZ) : Free Stock Analysis Report
 
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
 
Gap, Inc. (The) (GPS) : Free Stock Analysis Report
 
Chico's FAS, Inc. (CHS) : Free Stock Analysis Report
 
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Tapestry (TPR) Q2 Earnings & Revenues Surpass Estimates

Tapestry, Inc. TPR posted better-than-expected second-quarter fiscal 2018 results. The adjusted earnings of $1.07 per share beat the Zacks Consensus Estimate of 86 cents, thereby resulting in a positive earnings surprise of 24.4% and marking the 16th straight quarter of earnings beat. The quarterly earnings improved 42.7% year over year buoyed by top-line growth.

Net sales of this New York-based company came in at $1,785 million, up 35% year over year on both reported and constant currency basis. We noted that the total sales came ahead of the Zacks Consensus Estimate of $1,767.6 million, after missing the same in the trailing five quarters.

Tapestry is undergoing a brand transformation and is introducing modern luxury concept stores in key markets. The acquisition of Stuart Weitzman and Kate Spade & Company is being viewed as a significant step in its efforts toward becoming a multi-brand company. Moreover, management has undertaken transformation initiatives revolving around product, stores and marketing. Sales increase at Coach brand, contributions from recent buyouts and sturdy holiday offerings along with improved inventory mix favorably impacted the results.

Tapestry, Inc. Price, Consensus and EPS Surprise

 

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Tapestry, Inc. Price, Consensus and EPS Surprise | Tapestry, Inc. Quote

These endeavors have aided the stock to rise 22% in a year compared with the industry that declined 3.1%.

Consolidated adjusted gross profit surged roughly 32% to $1,195.8 million, however, gross margin contracted 160 basis points to 67%. Adjusted operating income came in at $411.3 million, up 40% from the prior-year quarter figure, while operating margin expanded 70 basis points to 23%.

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Segment Details

Net sales for Coach came in at $1,229.6 million, up 2% on a reported and constant currency basis. Comparable-store sales rose 3%, including a gain of about 100 basis points on account of rise in global e-commerce.

Kate Spade sales came in at $434.7 million. Comparable-store sales declined 7%, including the adverse impact of about 400 basis points from a fall in global e-commerce. Net sales for Stuart Weitzman totaled $120.7 million, reflecting an increase of 2%.

Store Update

At the end of the quarter, the company operated 416 Coach stores, 189 Kate Spade outlets and 70 Stuart Weitzman stores in North America. Internationally, the count was 551, 95 and 13 for Coach, Kate Spade and Stuart Weitzman, respectively.

Other Financial Details

Tapestry, which carries a Zacks Rank #3 (Hold), ended the quarter with cash, cash equivalents and short-term investments of $2,091.8 million, long-term debt of $1,887.5 million and shareholders' equity of $2,949.4 million. The company in the month of January lowered its debt load by $1.1 billion.

FY18 Guidance

Management continues to expect fiscal 2018 revenue to increase approximately 30% year over year to $5.8-$5.9 billion with low-single digit organic growth and Kate Spade acquisition adding more than $1.2 billion in revenues.

Tapestry continues to forecast operating income growth in the band of 22-25% on the back of mid-single digit organic growth, Kate Spade buyout and estimated synergies of $30-$35 million. Interest expense is now expected to be about $75-$78 million, down from $80-$85 million previously anticipated.

On account of revisions to the U.S. tax code as well as lower interest expense, management now envisions earnings in the band of $2.52-$2.60, reflecting an increase of approximately 17-21%, comprising mid-to-high single digit accretion from the Kate Spade buyout. The company had earlier projected earnings in the range of $2.35-$2.40 per share.

Interested in the Retail Space? Check Out These

G-III Apparel Group, Ltd. GIII delivered an average positive earnings surprise of 6.1% in the trailing four quarters. It has a long-term earnings growth rate of 15% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Zumiez Inc. ZUMZ has a long-term earnings growth rate of 18% and a Zacks Rank #1.

Ross Stores, Inc. ROST delivered an average positive earnings surprise of 5.5% in the trailing four quarters. It has a long-term earnings growth rate of 10% and a Zacks Rank #2.

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Zumiez Inc. (ZUMZ) : Free Stock Analysis Report
 
Ross Stores, Inc. (ROST) : Free Stock Analysis Report
 
G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report
 
Tapestry, Inc. (TPR) : Free Stock Analysis Report
 
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Abercrombie's (ANF) Strategies Drive Stock: What Lies Ahead?

Abercrombie & Fitch Company ANF recently gained on solid holiday results that led to an improved outlook for fourth-quarter fiscal 2017. Moreover, the company has been in the spotlight for its robust strategic capital investments, cost saving efforts, loyalty and marketing programs. However, weakness at its namesake brand along with strained margins remains concerns.

Shares of Abercrombie have surged 69.6% in the past three months, outperforming the industry’s gain of 16.6%. Let’s analyze the pros and cons of this Zacks Rank #3 (Hold) company.

Robust Surprise Trend & Solid Holiday Show: Lifts View

Abercrombie’s robust surprise trend reflects an earnings beat in the last two quarters with sales beating estimates thrice in a row. This sturdy trend can be attributed to the company’s several strategic initiatives to spur its business forward.

Additionally, the company witnessed splendid performance across all its channels and brands during this holiday season. In fact, the results were driven by continued strength in Hollister brand and marked improvement in its namesake brand. Consequently, the company anticipates its namesake brand to deliver positive comps for the fourth quarter.

Following the spectacular results in the holiday season, the company raised its fourth-quarter fiscal 2017 guidance as well. It expects fourth-quarter comps to increase high-single digits versus low-single digits increase projected earlier. Sales growth is anticipated in the low-teens range against the previously forecasted mid- to high-single digits range.

Hollister Brand Expansion Aids Growth

Abercrombie is expanding its Hollister stores across new markets aggressively to counter the dismal performance at its namesake brand. Comparable store sales (comps) for the Hollister brand were up 8% in third-quarter fiscal 2017 as it continued to capitalize on momentum, delivering positive comps in both the United States and international markets. Additionally, the brand is gaining from the positive customer response to product innovations, emerging categories and overall customer experience.

Potential Strategic Initiatives

Abercrombie has been gaining from focus on revival of its brands, enhancing performance and returning to profitable growth. In this regard, it has taken several initiatives like improvement in its leadership team and organizational structure and optimizing store fleet by introducing stores in high-performing markets while closing the underperforming ones; remodeling stores and improving assortments to meet changing trends and demands; developing Omni-channel capabilities and focusing on key merchandise and design processes. Also, in an attempt to enhance margins, the company keeps its discounts low along with a check on promotional activities.

Final Thoughts

While all is well with Abercrombie, dismal performance at its namesake brand continues to impede results. Though the brand showed a marked improvement in the recent holiday period, a full turnaround is still away. Additionally, the company’s margins continue to be under pressure due to ongoing strategic initiatives to improve profitability.

Nevertheless, Abercrombie’s robust strategic initiatives along with continued strength at its Hollister brand will aid growth in the near term.

Do Apparel Stocks Grab Your Attention? Check These

Investors interested may consider Zumiez Inc. ZUMZ, American Eagle Outfitters Inc. AEO and Gap Inc. GPS. While Zumiez flaunts a Zacks Rank #1 (Strong Buy), American Eagle and Gap carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Zumiez Sports delivered an average positive earnings surprise of 22.2% in the trailing four quarters. It has a long-term earnings growth rate of 18%.

American Eagle pulled off an average positive earnings surprise of 2.6% in the trailing four quarters. In addition, it has a long-term earnings growth rate of 5.5%.

Gap delivered an average positive earnings surprise of 10.3% in the trailing four quarters. It has a long-term earnings growth rate of 8%.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Zumiez Inc. (ZUMZ) : Free Stock Analysis Report
 
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
 
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
 
Gap, Inc. (The) (GPS) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

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