Zumiez Inc. (NASDAQ:ZUMZ) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its position in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 49.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 477,064 shares of the apparel and footwear maker's stock after selling 460,976 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.44% of Zumiez worth $7,103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Zumiez by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 51,383 shares of the apparel and footwear maker's stock valued at $765,000 after acquiring an additional 1,257 shares during the period. GAMMA Investing LLC increased its stake in shares of Zumiez by 6,451.4% during the first 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. State of Wyoming increased its stake in shares of 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 acquiring an additional 3,464 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zumiez during the fourth quarter valued at approximately $29,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Zumiez during the fourth quarter valued at approximately $140,000. Institutional investors and hedge funds own 95.45% of the company's stock.

Insider Activity

In other news, Director Liliana Gil Valletta sold 6,600 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $12.82, for a total transaction of $84,612.00. Following the transaction, the director owned 10,809 shares in the company, valued at approximately $138,571.38. This trade represents a 37.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 21.20% of the stock is owned by company insiders.

Zumiez Stock Performance

Shares of NASDAQ:ZUMZ opened at $13.46 on Friday. The stock has a market capitalization of $239.20 million, a price-to-earnings ratio of 1,347.35 and a beta of 0.91. Zumiez Inc. has a 1-year low of $11.31 and a 1-year high of $31.37. The company has a 50 day moving average price of $12.92 and a 200 day moving average price of $13.99.

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

Zumiez declared that its Board of Directors has initiated a share buyback program on Thursday, June 5th that authorizes the company to buyback $15.00 million in outstanding shares. This buyback authorization authorizes 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 management believes its stock is 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.

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