5 Best Depressed Stocks To Buy Now

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In this article, we discuss 5 best depressed stocks to buy now. If you want to read the detailed analysis of the depressed stocks, go directly to the 13 Best Depressed Stocks To Buy Now.

5. Zumiez Inc. (NASDAQ:ZUMZ)

Number of Hedge Fund Holders: 16

Zumiez Inc. (NASDAQ:ZUMZ) is a specialty retailer that sells clothing, footwear, accessories, and hard goods for young men and women. The company projects its net sales for the three months ending April 29, 2023, to be between $178 and $184 million, and it anticipates earnings per share to range from a loss of $0.85 to a loss of $0.95.

In the fiscal year 2023, Zumiez Inc. (NASDAQ:ZUMZ) plans to open around 23 new stores, with up to 8 stores in North America, 10 in Europe, and 5 in Australia. Its forward P/E ratio of 12.32x is higher than the industry average of 10.50x. Over the past 52 weeks, Zumiez Inc. (NASDAQ:ZUMZ)’s stock price has fluctuated between a high of $43.89 and a low of $18.86. Currently, the stock price is 117.60% lower than its 52-week high but 6.49% higher than its 52-week low.

According to Insider Monkey’s data, Zumiez Inc. (NASDAQ:ZUMZ) was part of 16 hedge fund portfolios at the end of Q4 2022, compared to 15 in the prior quarter. Steven Baughman’s Divisar Capital is the largest stakeholder of Zumiez Inc. (NASDAQ:ZUMZ), with 510,119 shares worth $11.09 million.

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