Zumiez (NASDAQ:ZUMZ) released its quarterly earnings results on Thursday. The apparel and footwear maker reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.07, Briefing.com reports. Zumiez had a net margin of 3.62% and a return on equity of 10.06%. The business had revenue of $304.56 million for the quarter, compared to analyst estimates of $305.55 million. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. Zumiez updated its Q1 2019 guidance to $-0.13–0.07 EPS and its Q1 guidance to $(0.13)-(0.07) EPS.
Zumiez stock opened at $23.68 on Friday. The company has a market capitalization of $627.55 million, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.07 and a beta of 1.24. Zumiez has a twelve month low of $17.57 and a twelve month high of $32.70.
A number of institutional investors have recently added to or reduced their stakes in ZUMZ. Pearl River Capital LLC acquired a new position in Zumiez in the 4th quarter valued at approximately $31,000. Pacer Advisors Inc. increased its stake in Zumiez by 246.0% in the 3rd quarter. Pacer Advisors Inc. now owns 4,637 shares of the apparel and footwear maker’s stock valued at $122,000 after buying an additional 3,297 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Zumiez by 339.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,388 shares of the apparel and footwear maker’s stock valued at $122,000 after buying an additional 4,933 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in Zumiez in the 4th quarter valued at approximately $138,000. Finally, GSA Capital Partners LLP bought a new stake in Zumiez in the third quarter worth approximately $213,000. Hedge funds and other institutional investors own 79.87% of the company’s stock.
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 September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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