Zumiez (ZUMZ) to Release Earnings on Thursday

Zumiez (NASDAQ:ZUMZ – Get Rating) is scheduled to release its earnings data after the market closes on Thursday, June 1st. Analysts expect Zumiez to post earnings of ($0.87) per share for the quarter. Zumiez has set its Q1 guidance at $(0.95)-(0.85) EPS and its Q1 2023 guidance at -$0.95–$0.85 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Zumiez (NASDAQ:ZUMZ – Get Rating) last issued its quarterly earnings results on Thursday, March 9th. The apparel and footwear maker reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The company had revenue of $280.11 million during the quarter, compared to analyst estimates of $268.60 million. Zumiez had a return on equity of 5.45% and a net margin of 2.19%. The company’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.70 earnings per share. On average, analysts expect Zumiez to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Zumiez Trading Up 3.4 %

ZUMZ opened at $17.33 on Thursday. The stock has a market cap of $342.27 million, a PE ratio of 15.90 and a beta of 1.51. Zumiez has a 1 year low of $15.59 and a 1 year high of $34.57. The stock’s 50 day simple moving average is $17.50 and its 200-day simple moving average is $21.37.

Insider Transactions at Zumiez

In other news, insider Troy R. Brown sold 40,000 shares of the stock in a transaction on Monday, April 17th. The stock was sold at an average price of $18.55, for a total transaction of $742,000.00. Following the sale, the insider now owns 31,735 shares in the company, valued at $588,684.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 20.20% of the company’s stock.

Hedge Funds Weigh In On Zumiez

Large investors have recently made changes to their positions in the company. Captrust Financial Advisors lifted its stake in shares of Zumiez by 946.8% during the first quarter. Captrust Financial Advisors now owns 806 shares of the apparel and footwear maker’s stock valued at $31,000 after acquiring an additional 729 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Zumiez by 6,606.7% during the fourth quarter. Meeder Asset Management Inc. now owns 2,012 shares of the apparel and footwear maker’s stock valued at $44,000 after acquiring an additional 1,982 shares during the period. Point72 Middle East FZE acquired a new position in shares of Zumiez during the fourth quarter valued at $48,000. Tower Research Capital LLC TRC lifted its stake in shares of Zumiez by 529.9% during the third quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the apparel and footwear maker’s stock valued at $69,000 after acquiring an additional 2,713 shares during the period. Finally, Group One Trading L.P. acquired a new position in shares of Zumiez during the first quarter valued at $92,000. Institutional investors and hedge funds own 84.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. William Blair restated a “market perform” rating on shares of Zumiez in a research report on Friday, March 10th. StockNews.com started coverage on Zumiez in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, B. Riley lowered their price target on Zumiez from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 22nd.

Zumiez Company Profile

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Zumiez, Inc engages in the retail of apparel, footwear, accessories, and hardgoods for young men and women. It offers hard goods which include skateboards, snowboards, bindings, components, and other equipment under the brand names Zumiez, Blue Tomato, and Fast Times brands. The company was founded by Thomas D.