The Zumiez Inc. (ZUMZ) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

The Zumiez Inc. (ZUMZ) Announces Quarterly  Earnings Results, Beats Estimates By $0.02 EPS

Zumiez (NASDAQ ZUMZ) opened at 12.725 on Monday. The firm has a market capitalization of $317.40 million, a P/E ratio of 12.236 and a beta of 1.17. The firm has a 50-day moving average price of $16.44 and a 200-day moving average price of $19.68. Zumiez has a 52 week low of $12.50 and a 52 week high of $26.55.

Zumiez Inc. (NASDAQ:ZUMZ) announced its earnings results on Thursday. The apparel and footwear maker reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.02, Briefing.com reports. The company had revenue of $181.20 million during the quarter, compared to the consensus estimate of $179.35 million. Zumiez had a return on equity of 7.64% and a net margin of 2.56%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned ($0.08) earnings per share. Zumiez updated its Q2 guidance to ($0.11)-($0.06) EPS.

A number of hedge funds have recently bought and sold shares of the stock. Pacad Investment Ltd. acquired a new stake in Zumiez during the fourth quarter worth $114,000. First Mercantile Trust Co. boosted its stake in Zumiez by 44.1% in the first quarter. First Mercantile Trust Co. now owns 8,865 shares of the apparel and footwear maker’s stock worth $162,000 after buying an additional 2,715 shares during the last quarter. Invictus RG acquired a new stake in Zumiez during the first quarter worth $163,000. Thrivent Financial for Lutherans acquired a new stake in Zumiez during the fourth quarter worth $206,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Zumiez by 4.6% in the first quarter. BNP Paribas Arbitrage SA now owns 10,082 shares of the apparel and footwear maker’s stock worth $185,000 after buying an additional 441 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds. Zumiez Company Profile

Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ZUMZ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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