Seaport Res Ptn Predicts Zumiez's Q3 Earnings (NASDAQ:ZUMZ)

Key Points

• Seaport Res Ptn has revised its Q3 2026 earnings estimate for Zumiez, forecasting an EPS of $0.17, up from the previous estimate of $0.15.
• In its last quarterly earnings report, Zumiez posted an EPS of ($0.79), missing analysts' estimates, despite achieving a revenue of $184.34 million, which surpassed expectations.
• Zumiez has initiated a $15 million stock buyback program, enabling the company to repurchase up to 6% of its stock in a sign of confidence in its valuation.

Zumiez Inc. (NASDAQ:ZUMZ - Free Report) - Seaport Res Ptn increased their Q3 2026 EPS estimates for Zumiez in a research note issued on Wednesday, August 27th. Seaport Res Ptn analyst M. Kummetz now forecasts that the apparel and footwear maker will post earnings per share of $0.17 for the quarter, up from their prior estimate of $0.15. The consensus estimate for Zumiez's current full-year earnings is ($0.12) per share. Seaport Res Ptn also issued estimates for Zumiez's FY2026 earnings at $0.33 EPS, FY2027 earnings at $0.80 EPS and FY2028 earnings at $1.14 EPS.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The apparel and footwear maker reported ($0.79) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.77) by ($0.02). Zumiez had a net margin of 0.08% and a return on equity of 0.23%. The business had revenue of $184.34 million for the quarter, compared to analysts' expectations of $182.23 million. During the same period in the previous year, the company earned ($0.86) EPS. Zumiez's revenue for the quarter was up 3.9% compared to the same quarter last year. Zumiez has set its Q2 2025 guidance at -0.240--0.090 EPS.

Zumiez Stock Up 7.9%

Zumiez stock opened at $18.24 on Thursday. The company's 50-day moving average price is $14.36 and its 200-day moving average price is $13.70. The company has a market cap of $324.12 million, a PE ratio of 1,825.83 and a beta of 0.97. Zumiez has a twelve month low of $11.31 and a twelve month high of $31.37.

Hedge Funds Weigh In On Zumiez

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC increased its position in shares of Zumiez by 338.9% during the 4th quarter. Millennium Management LLC now owns 229,173 shares of the apparel and footwear maker's stock valued at $4,393,000 after purchasing an additional 176,953 shares during the last quarter. GAMMA Investing LLC boosted its stake in Zumiez by 6,451.4% during the first quarter. GAMMA Investing LLC now owns 2,293 shares of the apparel and footwear maker's stock worth $34,000 after buying an additional 2,258 shares during the period. XTX Topco Ltd purchased a new position in Zumiez during the first quarter worth $469,000. GSA Capital Partners LLP increased its position in Zumiez by 50.8% during the first quarter. GSA Capital Partners LLP now owns 139,889 shares of the apparel and footwear maker's stock valued at $2,083,000 after acquiring an additional 47,105 shares during the last quarter. Finally, Man Group plc raised its stake in shares of Zumiez by 33.7% in the fourth quarter. Man Group plc now owns 83,572 shares of the apparel and footwear maker's stock valued at $1,602,000 after acquiring an additional 21,082 shares during the period. Hedge funds and other institutional investors own 95.45% of the company's stock.

Insider Buying and Selling

In other Zumiez news, Director Liliana Gil Valletta sold 6,600 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $12.82, for a total transaction of $84,612.00. Following the sale, the director directly owned 10,809 shares of the company's stock, valued at $138,571.38. The trade was a 37.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 21.20% of the company's stock.

Zumiez announced that its board has initiated a stock buyback program on Thursday, June 5th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the apparel and footwear maker to buy up to 6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

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.

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