Zumiez (ZUMZ) to Release Earnings on Thursday

Zumiez (NASDAQ:ZUMZ – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, June 1st. Analysts expect the company to announce 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.Parties that wish to register for the company’s conference call can do so using this link.

Zumiez (NASDAQ:ZUMZ – Get Rating) last released 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 for 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%. Zumiez’s revenue was down 19.2% compared to the same quarter last year. During the same quarter last year, the firm posted $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 Price Performance

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

Insider Buying and Selling

In related news, insider Troy R. Brown sold 40,000 shares of the stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $18.55, for a total transaction of $742,000.00. Following the completion of the transaction, the insider now directly owns 31,735 shares in the company, valued at $588,684.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 20.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in Zumiez by 9.0% in the first quarter. JPMorgan Chase & Co. now owns 330,622 shares of the apparel and footwear maker’s stock valued at $6,096,000 after purchasing an additional 27,403 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Zumiez by 9.4% in the first quarter. Thrivent Financial for Lutherans now owns 1,723,880 shares of the apparel and footwear maker’s stock valued at $31,788,000 after buying an additional 148,394 shares during the last quarter. State Street Corp lifted its position in shares of Zumiez by 10.2% in the first quarter. State Street Corp now owns 811,215 shares of the apparel and footwear maker’s stock valued at $14,959,000 after buying an additional 74,810 shares during the last quarter. Select Equity Group L.P. lifted its position in shares of Zumiez by 12.6% in the first quarter. Select Equity Group L.P. now owns 36,138 shares of the apparel and footwear maker’s stock valued at $666,000 after buying an additional 4,053 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Zumiez by 4.7% in the first quarter. Geode Capital Management LLC now owns 310,166 shares of the apparel and footwear maker’s stock valued at $5,719,000 after buying an additional 14,016 shares during the last quarter. 84.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ZUMZ has been the topic of a number of research analyst reports. William Blair reaffirmed a “market perform” rating on shares of Zumiez in a research report on Friday, March 10th. B. Riley decreased their price objective on Zumiez from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, March 22nd. Finally, StockNews.com started coverage on Zumiez in a report on Thursday, May 18th. They set a “hold” rating for the company.

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.