Seaport Res Ptn Has Bullish Estimate for Zumiez Q1 Earnings

Zumiez Inc. (NASDAQ:ZUMZ - Free Report) - Seaport Res Ptn raised their Q1 2026 earnings per share estimates for shares of Zumiez in a research note issued to investors on Monday, June 2nd. Seaport Res Ptn analyst M. Kummetz now expects that the apparel and footwear maker will post earnings of ($0.72) per share for the quarter, up from their previous forecast of ($0.75). The consensus estimate for Zumiez's current full-year earnings is ($0.12) per share.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last issued its earnings results on Thursday, June 5th. The apparel and footwear maker reported ($0.79) earnings per share for the quarter, missing analysts' consensus estimates of ($0.77) by ($0.02). The firm had revenue of $184.34 million for the quarter, compared to analyst estimates of $182.23 million. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. Zumiez's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.86) earnings per share.

Zumiez Stock Down 10.0%

Shares of ZUMZ stock traded down $1.28 on Thursday, reaching $11.58. The stock had a trading volume of 713,260 shares, compared to its average volume of 301,810. Zumiez has a 12 month low of $11.31 and a 12 month high of $31.37. The firm has a market capitalization of $226.59 million, a price-to-earnings ratio of -4.51 and a beta of 0.90. The firm's 50-day moving average is $12.71 and its two-hundred day moving average is $15.72.

Zumiez declared that its Board of Directors has approved a share buyback plan on Thursday, June 5th that authorizes the company to repurchase $15.00 million in outstanding shares. This repurchase authorization authorizes the apparel and footwear maker to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Institutional Trading of Zumiez

A number of hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zumiez in the 4th quarter valued at $29,000. GAMMA Investing LLC increased its holdings in shares of Zumiez by 6,451.4% in the first quarter. GAMMA Investing LLC now owns 2,293 shares of the apparel and footwear maker's stock valued at $34,000 after purchasing an additional 2,258 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Zumiez in the fourth quarter valued at about $140,000. Magnetar Financial LLC acquired a new stake in shares of Zumiez during the 1st quarter worth about $173,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Zumiez by 20.6% during the 4th quarter. Wells Fargo & Company MN now owns 9,093 shares of the apparel and footwear maker's stock worth $174,000 after buying an additional 1,555 shares during the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

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.