Zumiez Inc. $ZUMZ Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. decreased its holdings in Zumiez Inc. by 15.2% in the first quarter, selling 64,677 shares and now owning 1.84% of the company.
• Zumiez's shares traded up 1.5%, reaching a price of $21.09, with a recent quarterly earnings report showing a smaller loss than expected.
• The company's Board of Directors authorized a stock buyback program worth $15 million, indicating confidence in the stock's undervaluation.

Jacobs Levy Equity Management Inc. reduced its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 15.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,540 shares of the apparel and footwear maker's stock after selling 64,677 shares during the period. Jacobs Levy Equity Management Inc. owned 1.84% of Zumiez worth $5,354,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Maverick Capital Ltd. raised its position in shares of Zumiez by 76.1% during the 1st quarter. Maverick Capital Ltd. now owns 63,126 shares of the apparel and footwear maker's stock worth $940,000 after purchasing an additional 27,276 shares during the last quarter. Paradigm Capital Management Inc. NY purchased a new stake in Zumiez in the 1st quarter worth approximately $1,980,000. Magnetar Financial LLC purchased a new stake in Zumiez in the 1st quarter worth approximately $173,000. Trexquant Investment LP grew its stake in Zumiez by 80.9% in the 1st quarter. Trexquant Investment LP now owns 75,454 shares of the apparel and footwear maker's stock worth $1,124,000 after acquiring an additional 33,734 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new stake in Zumiez in the 1st quarter worth approximately $1,746,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Liliana Gil Valletta sold 3,655 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $21.30, for a total transaction of $77,851.50. Following the completion of the sale, the director directly owned 7,154 shares of the company's stock, valued at $152,380.20. The trade was a 33.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 20.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ZUMZ has been the subject of several recent analyst reports. Zacks Research raised shares of Zumiez from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 3rd. B. Riley lifted their target price on shares of Zumiez from $14.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, September 5th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $18.00.

Zumiez Stock Down 4.1%

Shares of NASDAQ ZUMZ traded down $0.87 during trading on Friday, hitting $20.22. 177,241 shares of the company traded hands, compared to its average volume of 248,519. Zumiez Inc. has a 1 year low of $11.31 and a 1 year high of $24.67. The company has a 50-day moving average price of $15.79 and a 200-day moving average price of $14.04. The firm has a market capitalization of $346.77 million, a P/E ratio of -2,019.98 and a beta of 0.96.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The apparel and footwear maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.05. Zumiez had a net margin of 0.06% and a return on equity of 0.19%. The company had revenue of $214.28 million during the quarter, compared to analysts' expectations of $210.53 million. During the same period in the previous year, the company earned ($0.04) EPS. The business's quarterly revenue was up 1.9% compared to the same quarter last year. Zumiez has set its Q3 2025 guidance at 0.190-0.290 EPS. Research analysts predict that Zumiez Inc. will post -0.12 EPS for the current fiscal year.

Zumiez announced that its Board of Directors has initiated a stock buyback plan on Thursday, June 5th that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the apparel and footwear maker to purchase up to 6% of its shares through open market purchases. Shares buyback plans are often 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.