Seaport Res Ptn Has Weak Forecast for Zumiez FY2027 Earnings

Zumiez Inc. (NASDAQ:ZUMZ) – Equities research analysts at Seaport Res Ptn lowered their FY2027 earnings estimates for shares of 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 previous estimate of $0.90. The consensus estimate for Zumiez’s current full-year earnings is $0.07 per share.

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

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

Zumiez Price Performance

ZUMZ stock opened at $22.34 on Thursday. Zumiez has a 1-year low of $12.90 and a 1-year high of $31.37. The business has a 50 day simple moving average of $21.83 and a two-hundred day simple moving average of $22.14. The company has a market capitalization of $427.59 million, a price-to-earnings ratio of -8.16 and a beta of 1.25.

Institutional Investors Weigh In On Zumiez

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Zumiez by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 901,774 shares of the apparel and footwear maker’s stock worth $13,698,000 after buying an additional 20,099 shares during the last quarter. CWM LLC increased its stake in Zumiez by 2,090.1% during the second quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker’s stock worth $39,000 after acquiring an additional 1,902 shares during the last quarter. SummerHaven Investment Management LLC raised its position in Zumiez by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 42,116 shares of the apparel and footwear maker’s stock valued at $820,000 after purchasing an additional 788 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Zumiez by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 64,916 shares of the apparel and footwear maker’s stock valued at $1,265,000 after purchasing an additional 7,431 shares during the last quarter. Finally, Signaturefd LLC boosted 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 worth $29,000 after purchasing an additional 672 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Insider Transactions at Zumiez

In other news, Director Liliana Gil Valletta sold 3,283 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $21.85, for a total transaction of $71,733.55. Following the completion of the transaction, the director now directly owns 15,002 shares in the company, valued at approximately $327,793.70. This represents a 17.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.30% of the company’s stock.

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.