Nuveen LLC Purchases Shares of 58,804 Zumiez Inc. $ZUMZ

Key Points

• Nuveen LLC has acquired a new stake in Zumiez Inc., purchasing 58,804 shares valued at approximately $876,000, making up 0.30% of the company's stock.
• Zumiez reported a loss of $0.79 earnings per share for the recent quarter, missing analyst estimates by $0.02, while revenue increased by 3.9% year-over-year.
• The company has authorized a $15 million share buyback program, indicating that management believes its shares are currently undervalued.

Nuveen LLC purchased a new stake in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 58,804 shares of the apparel and footwear maker's stock, valued at approximately $876,000. Nuveen LLC owned 0.30% of Zumiez as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC raised its holdings in Zumiez by 338.9% in the 4th quarter. Millennium Management LLC now owns 229,173 shares of the apparel and footwear maker's stock valued at $4,393,000 after acquiring an additional 176,953 shares during the period. GAMMA Investing LLC raised 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 acquiring an additional 2,258 shares during the period. XTX Topco Ltd bought a new position in Zumiez in the 1st quarter valued at about $469,000. GSA Capital Partners LLP raised its holdings in Zumiez by 50.8% in the 1st quarter. GSA Capital Partners LLP now owns 139,889 shares of the apparel and footwear maker's stock valued at $2,083,000 after acquiring an additional 47,105 shares during the period. Finally, Man Group plc raised its holdings in Zumiez by 33.7% in the 4th quarter. Man Group plc now owns 83,572 shares of the apparel and footwear maker's stock valued at $1,602,000 after acquiring an additional 21,082 shares during the period. 95.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Zumiez news, Director Liliana Gil Valletta sold 6,600 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 10,809 shares in the company, valued at $138,571.38. This trade represents a 37.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 21.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Zacks Research raised shares of Zumiez from a "strong sell" rating to a "hold" rating in a report on Wednesday. B. Riley raised their target price on shares of Zumiez from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Zumiez currently has an average rating of "Hold" and an average price target of $18.00.

Zumiez Trading Up 15.5%

Zumiez stock traded up $2.86 during mid-day trading on Friday, reaching $21.31. The company had a trading volume of 943,538 shares, compared to its average volume of 176,806. Zumiez Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $31.37. The company has a market cap of $378.68 million, a P/E ratio of -2,128.87 and a beta of 0.96. The business has a fifty day simple moving average of $15.11 and a 200 day simple moving average of $13.82.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last issued its earnings results on Thursday, September 4th. The apparel and footwear maker reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.05. Zumiez had a net margin of 0.06% and a return on equity of 0.18%. The firm had revenue of $214.28 million for the quarter, compared to analyst estimates of $210.53 million. During the same quarter last year, the business posted ($0.04) earnings per share. The company's quarterly revenue was up 1.9% on a year-over-year basis. Zumiez has set its Q3 2025 guidance at 0.190-0.290 EPS. Research analysts forecast that Zumiez Inc. will post -0.12 EPS for the current year.

Zumiez declared that its Board of Directors has authorized a share repurchase program 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 buy up to 6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Zumiez Company 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.