Zumiez (NASDAQ:ZUMZ) Releases Q1 Earnings Guidance

Zumiez (NASDAQ:ZUMZ) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ($1.19)-($1.09) for the period, compared to the consensus estimate of ($0.34). The company issued revenue guidance of $167-$171 million, compared to the consensus revenue estimate of $186.28 million.

Zumiez Stock Performance

Shares of NASDAQ ZUMZ traded down $0.67 during mid-day trading on Thursday, hitting $14.73. 563,595 shares of the stock were exchanged, compared to its average volume of 172,388. The company has a market cap of $292.15 million, a P/E ratio of -15.92 and a beta of 1.48. Zumiez has a twelve month low of $13.19 and a twelve month high of $21.49. The stock’s fifty day simple moving average is $17.67 and its two-hundred day simple moving average is $17.83.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZUMZ. Quarry LP boosted its holdings in Zumiez by 279.5% in the second quarter. Quarry LP now owns 1,738 shares of the apparel and footwear maker’s stock valued at $29,000 after acquiring an additional 1,280 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Zumiez by 946.8% during the first quarter. Captrust Financial Advisors now owns 806 shares of the apparel and footwear maker’s stock worth $31,000 after buying an additional 729 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Zumiez by 6,606.7% in the fourth quarter. Meeder Asset Management Inc. now owns 2,012 shares of the apparel and footwear maker’s stock valued at $44,000 after acquiring an additional 1,982 shares during the last quarter. Point72 Middle East FZE bought a new position in Zumiez in the fourth quarter valued at approximately $48,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Zumiez by 529.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the apparel and footwear maker’s stock valued at $69,000 after acquiring an additional 2,713 shares during the last quarter. 75.17% of the stock is currently owned by institutional investors.

About Zumiez

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company also offers 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.