Zumiez (NASDAQ:ZUMZ) Releases Earnings Results, Beats Expectations By $0.28 EPS

Zumiez (NASDAQ:ZUMZGet Free Report) released its earnings results on Thursday. The apparel and footwear maker reported ($0.86) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.14) by $0.28, reports. The business had revenue of $177.39 million for the quarter, compared to the consensus estimate of $171.58 million. Zumiez had a negative return on equity of 5.34% and a negative net margin of 7.01%. Zumiez updated its Q2 2024 guidance to -0.400–0.300 EPS and its Q2 guidance to $(0.40)-$(0.30) EPS.

Zumiez Stock Down 2.8 %

Shares of NASDAQ ZUMZ opened at $18.75 on Friday. Zumiez has a twelve month low of $12.90 and a twelve month high of $21.49. The company has a market cap of $380.44 million, a PE ratio of -5.95 and a beta of 1.32. The business’s 50 day moving average price is $16.87 and its two-hundred day moving average price is $17.51.

Insider Transactions at Zumiez

In other news, insider Adam Christopher Ellis acquired 10,000 shares of Zumiez stock in a transaction dated Thursday, April 4th. The stock was bought at an average price of $14.31 per share, for a total transaction of $143,100.00. Following the completion of the acquisition, the insider now directly owns 57,917 shares in the company, valued at approximately $828,792.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 20.30% of the company’s stock.

Institutional Investors Weigh In On Zumiez

A number of institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Zumiez by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,605,551 shares of the apparel and footwear maker’s stock worth $32,657,000 after acquiring an additional 49,581 shares during the period. Vanguard Group Inc. boosted its stake in shares of Zumiez by 2.3% in the first quarter. Vanguard Group Inc. now owns 901,774 shares of the apparel and footwear maker’s stock valued at $13,698,000 after buying an additional 20,099 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Zumiez by 11.8% in the first quarter. First Eagle Investment Management LLC now owns 470,743 shares of the apparel and footwear maker’s stock valued at $7,151,000 after buying an additional 49,700 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Zumiez by 9.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 457,780 shares of the apparel and footwear maker’s stock valued at $9,311,000 after buying an additional 39,470 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Zumiez by 17.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 236,158 shares of the apparel and footwear maker’s stock valued at $3,587,000 after buying an additional 34,638 shares during the period. Institutional investors own 95.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. B. Riley boosted their price target on Zumiez from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday. Jefferies Financial Group boosted their price target on Zumiez from $14.00 to $19.00 and gave the stock a “hold” rating in a research report on Friday. Finally, StockNews.com raised Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, April 12th.

Check Out Our Latest Stock Report on Zumiez

About Zumiez

(Get Free Report)

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.

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Earnings History for Zumiez (NASDAQ:ZUMZ)

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