Zumiez (NASDAQ:ZUMZ) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Zumiez (NASDAQ:ZUMZ) issued its quarterly earnings results on Thursday. The apparel and footwear maker reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08, FiscalAI reports. Zumiez had a net margin of 0.94% and a return on equity of 2.33%. The company had revenue of $291.31 million for the quarter, compared to analyst estimates of $289.24 million.

Zumiez Price Performance

Shares of NASDAQ ZUMZ traded up $0.26 during mid-day trading on Thursday, reaching $23.44. 332,140 shares of the company’s stock were exchanged, compared to its average volume of 193,082. The firm has a 50-day moving average price of $25.20 and a two-hundred day moving average price of $23.60. The firm has a market capitalization of $397.31 million, a price-to-earnings ratio of 48.83 and a beta of 0.87. Zumiez has a 52 week low of $11.31 and a 52 week high of $31.70.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ZUMZ shares. Weiss Ratings restated a “hold (c)” rating on shares of Zumiez in a report on Monday, December 29th. Zacks Research raised shares of Zumiez from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. B. Riley Financial reiterated a “neutral” rating on shares of Zumiez in a report on Friday, December 5th. Finally, Wall Street Zen downgraded shares of Zumiez from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 25th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Zumiez presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Insider Activity

In related news, insider Adam Christopher Ellis sold 7,319 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $28.41, for a total value of $207,932.79. Following the transaction, the insider owned 60,031 shares in the company, valued at approximately $1,705,480.71. This represents a 10.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris K. Visser sold 10,043 shares of Zumiez stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $29.34, for a total value of $294,661.62. Following the completion of the sale, the insider directly owned 44,303 shares of the company’s stock, valued at approximately $1,299,850.02. This trade represents a 18.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,537 shares of company stock valued at $762,797 in the last three months. Company insiders own 21.20% of the company’s stock.

Hedge Funds Weigh In On Zumiez

Several large investors have recently modified their holdings of ZUMZ. Kestra Advisory Services LLC bought a new stake in shares of Zumiez in the fourth quarter valued at approximately $27,000. Quarry LP bought a new position in Zumiez in the 3rd quarter worth approximately $54,000. Quantbot Technologies LP purchased a new position in Zumiez in the 2nd quarter valued at approximately $71,000. State of Wyoming bought a new stake in Zumiez during the 4th quarter valued at $169,000. Finally, Aquatic Capital Management LLC bought a new stake in Zumiez during the 3rd quarter valued at $148,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

About Zumiez

Zumiez, Inc (NASDAQ: ZUMZ) is a specialty retailer offering apparel, footwear, accessories and hardgoods targeted at the action-sports lifestyle market. With a focus on skateboarding, snowboarding, BMX and streetwear, the company stocks a mix of leading third-party brands—such as Vans, Nike SB, DC Shoes and The North Face—alongside proprietary private-label merchandise. In addition to traditional fashion items, Zumiez stores carry hardware and equipment tailored to board sports, supporting both amateur and enthusiast consumers.

Originally founded in 1978 in Seattle, Washington, by Tom Campion, Gary Haakenson and Steve Brosvik, Zumiez opened its first branded retail location in 1988.