Zumiez (NASDAQ:ZUMZ) Issues Q2 2022 Earnings Guidance

Zumiez (NASDAQ:ZUMZGet Rating) updated its second quarter 2022 earnings guidance on Thursday. The company provided EPS guidance of $0.45-$0.55 for the period, compared to the consensus EPS estimate of $0.68. The company issued revenue guidance of $232.00 million-$239.00 million, compared to the consensus revenue estimate of $243.65 million.

Several equities research analysts recently weighed in on the stock. TheStreet lowered shares of Zumiez from a b- rating to a c rating in a research note on Friday, June 3rd. B. Riley restated a buy rating on shares of Zumiez in a research note on Friday, June 3rd. Finally, StockNews.com lowered shares of Zumiez from a buy rating to a hold rating in a research note on Monday, June 6th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $48.00.

Zumiez stock opened at $26.87 on Thursday. The firm has a 50 day simple moving average of $33.55 and a 200-day simple moving average of $40.16. The stock has a market capitalization of $522.89 million, a PE ratio of 6.94 and a beta of 1.57. Zumiez has a 12-month low of $26.61 and a 12-month high of $55.10.

Zumiez (NASDAQ:ZUMZGet Rating) last posted its quarterly earnings data on Thursday, June 2nd. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.09). The company had revenue of $220.69 million during the quarter, compared to the consensus estimate of $217.28 million. Zumiez had a net margin of 8.22% and a return on equity of 19.19%. The company’s revenue was down 20.9% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. As a group, equities research analysts forecast that Zumiez will post 3.61 earnings per share for the current year.

In related news, insider Chris K. Visser sold 8,888 shares of the firm’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $41.78, for a total transaction of $371,340.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 20.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in ZUMZ. Renaissance Technologies LLC acquired a new stake in Zumiez in the 1st quarter worth $4,914,000. Aviva PLC bought a new position in Zumiez during the 1st quarter valued at about $2,038,000. Vident Investment Advisory LLC lifted its holdings in Zumiez by 87.1% during the 1st quarter. Vident Investment Advisory LLC now owns 53,339 shares of the apparel and footwear maker’s stock valued at $2,038,000 after purchasing an additional 24,830 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Zumiez by 21.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 128,313 shares of the apparel and footwear maker’s stock valued at $4,903,000 after purchasing an additional 22,348 shares during the last quarter. Finally, Ergoteles LLC bought a new position in Zumiez during the 1st quarter valued at about $791,000. Institutional investors and hedge funds own 81.84% of the company’s stock.

Zumiez Company Profile (Get Rating)

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of February 26, 2022, the company operated 738 stores, including 602 stores in the United States, 52 stores in Canada, 67 stores in Europe, and 17 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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Earnings History and Estimates for Zumiez (NASDAQ:ZUMZ)

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