Seaport Res Ptn Decreases Earnings Estimates for Zumiez

Zumiez Inc. (NASDAQ:ZUMZ) – Equities research analysts at Seaport Res Ptn dropped their FY2027 earnings estimates for Zumiez in a report issued on Monday, December 2nd. Seaport Res Ptn analyst M. Kummetz now anticipates that the apparel and footwear maker will earn $0.82 per share for the year, down from their prior estimate of $0.90. The consensus estimate for Zumiez’s current full-year earnings is $0.07 per share.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $222.06 million. Zumiez had a negative return on equity of 3.52% and a negative net margin of 6.02%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned ($0.12) earnings per share.

Separately, B. Riley boosted their target price on shares of Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, September 6th.

Zumiez Stock Down 11.0 %

Shares of NASDAQ:ZUMZ opened at $20.16 on Thursday. The stock has a market capitalization of $385.88 million, a P/E ratio of -7.33 and a beta of 1.25. Zumiez has a 52 week low of $12.90 and a 52 week high of $31.37. The firm has a fifty day simple moving average of $21.87 and a two-hundred day simple moving average of $22.16.

Hedge Funds Weigh In On Zumiez

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of Zumiez by 83.2% in the 2nd quarter. Signaturefd LLC now owns 1,480 shares of the apparel and footwear maker’s stock valued at $29,000 after acquiring an additional 672 shares during the last quarter. Quarry LP lifted its position in Zumiez by 315.1% in the third quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker’s stock valued at $38,000 after purchasing an additional 1,339 shares during the period. CWM LLC lifted its holdings in shares of Zumiez by 2,090.1% in the 2nd quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker’s stock valued at $39,000 after buying an additional 1,902 shares during the period. ProShare Advisors LLC purchased a new stake in shares of Zumiez during the 2nd quarter worth $42,000. Finally, Ariadne Wealth Management LP purchased a new stake in Zumiez during the second quarter worth about $54,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Insiders Place Their Bets

In related news, Director Liliana Gil Valletta sold 3,283 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $21.85, for a total transaction of $71,733.55. Following the transaction, the director now directly owns 15,002 shares in the company, valued at approximately $327,793.70. The trade was a 17.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 20.30% of the stock is owned by insiders.

About Zumiez

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.