Landscape Capital Management L.L.C. Purchases Shares of 117,244 Zumiez Inc. $ZUMZ

Key Points

• Landscape Capital Management L.L.C. acquired a new stake in Zumiez Inc., purchasing 117,244 shares valued at approximately $1.75 million, increasing its ownership to about 0.60% of the company.
• Zumiez reported a quarterly earnings miss with an EPS of ($0.79), slightly below the consensus estimate, while its revenue of $184.34 million exceeded expectations.
• The company has authorized a $15 million stock buyback plan to repurchase up to 6% of its shares, indicating management's belief that the stock is currently undervalued.

Landscape Capital Management L.L.C. purchased a new stake in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 117,244 shares of the apparel and footwear maker's stock, valued at approximately $1,746,000. Landscape Capital Management L.L.C. owned about 0.60% of Zumiez at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ZUMZ. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zumiez in the 4th quarter worth approximately $29,000. GAMMA Investing LLC grew its position in Zumiez by 6,451.4% in the first quarter. GAMMA Investing LLC now owns 2,293 shares of the apparel and footwear maker's stock worth $34,000 after acquiring an additional 2,258 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Zumiez in the fourth quarter valued at $140,000. Wells Fargo & Company MN increased its stake in Zumiez by 20.6% in the fourth quarter. Wells Fargo & Company MN now owns 9,093 shares of the apparel and footwear maker's stock valued at $174,000 after acquiring an additional 1,555 shares during the last quarter. Finally, State of Wyoming raised its position in Zumiez by 52.5% during the fourth 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. 95.45% of the stock is currently owned by institutional investors.

Zumiez Price Performance

ZUMZ stock traded down $0.23 during mid-day trading on Wednesday, hitting $17.12. 48,891 shares of the stock were exchanged, compared to its average volume of 271,705. The business has a fifty day moving average price of $14.73 and a 200 day moving average price of $13.73. Zumiez Inc. has a 12 month low of $11.31 and a 12 month high of $31.37. The stock has a market capitalization of $304.13 million, a price-to-earnings ratio of 1,713.21 and a beta of 0.96.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $184.34 million for the quarter, compared to analysts' expectations of $182.23 million. Zumiez had a net margin of 0.08% and a return on equity of 0.23%. The business's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.86) earnings per share. Zumiez has set its Q2 2025 guidance at -0.240--0.090 EPS. As a group, equities analysts forecast that Zumiez Inc. will post -0.12 EPS for the current fiscal year.

Zumiez declared that its Board of Directors has approved a share repurchase program on Thursday, June 5th that allows the company to repurchase $15.00 million in outstanding shares. This repurchase authorization allows the apparel and footwear maker to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Zumiez

In other news, Director Liliana Gil Valletta sold 6,600 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $12.82, for a total value 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. This represents a 37.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.30% of the company's stock.

About Zumiez

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.