Zumiez Inc. (NASDAQ:ZUMZ) Shares Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its stake in Zumiez Inc. by 50.8% during the first quarter, now owning 139,889 shares valued at approximately $2.08 million.
• Zumiez reported a net loss of $0.79 per share for the last quarter, missing analyst expectations, although quarterly revenue rose by 3.9% year-over-year.
• The company has authorized a $15 million stock buyback program, indicating management's belief that the stock is undervalued, allowing repurchase of up to 6% of outstanding shares.

GSA Capital Partners LLP boosted its holdings in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 50.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,889 shares of the apparel and footwear maker's stock after acquiring an additional 47,105 shares during the period. GSA Capital Partners LLP owned about 0.71% of Zumiez worth $2,083,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zumiez in the 4th quarter valued at about $29,000. GAMMA Investing LLC lifted its holdings in Zumiez by 6,451.4% in the 1st quarter. GAMMA Investing LLC now owns 2,293 shares of the apparel and footwear maker's stock valued at $34,000 after purchasing an additional 2,258 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Zumiez in the 4th quarter valued at about $140,000. Wells Fargo & Company MN lifted its holdings in Zumiez by 20.6% in the 4th quarter. Wells Fargo & Company MN now owns 9,093 shares of the apparel and footwear maker's stock valued at $174,000 after purchasing an additional 1,555 shares in the last quarter. Finally, State of Wyoming lifted its holdings in Zumiez by 52.5% in the 4th quarter. State of Wyoming now owns 10,067 shares of the apparel and footwear maker's stock valued at $193,000 after purchasing an additional 3,464 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Insider Transactions at Zumiez

In other Zumiez news, Director Liliana Gil Valletta sold 6,600 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $12.82, for a total transaction of $84,612.00. Following the completion of the sale, the director owned 10,809 shares of the company's stock, valued at approximately $138,571.38. The trade was a 37.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 21.20% of the company's stock.

Zumiez Price Performance

NASDAQ:ZUMZ traded down $0.40 during mid-day trading on Friday, reaching $13.32. The company's stock had a trading volume of 107,042 shares, compared to its average volume of 288,582. The company's fifty day simple moving average is $13.19 and its two-hundred day simple moving average is $13.77. Zumiez Inc. has a twelve month low of $11.31 and a twelve month high of $31.37. The stock has a market cap of $236.62 million, a P/E ratio of 1,332.43 and a beta of 0.91.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The apparel and footwear maker reported ($0.79) earnings per share for the quarter, missing analysts' consensus estimates of ($0.77) by ($0.02). The company had revenue of $184.34 million for the quarter, compared to analysts' expectations of $182.23 million. Zumiez had a return on equity of 0.23% and a net margin of 0.08%. The business's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.86) EPS. Sell-side analysts expect that Zumiez Inc. will post -0.12 EPS for the current fiscal year.

Zumiez announced that its board has initiated a share buyback plan on Thursday, June 5th that permits the company to buyback $15.00 million in shares. This buyback authorization permits the apparel and footwear maker to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Zumiez Profile

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.