Zumiez Inc. (NASDAQ:ZUMZ) Director Liliana Gil Valletta Sells 6,600 Shares

Zumiez Inc. (NASDAQ:ZUMZ - Get Free Report) 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 transaction of $84,612.00. Following the completion of the sale, the director now owns 10,809 shares in the company, valued at $138,571.38. The trade was a 37.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Zumiez Stock Performance

Shares of NASDAQ:ZUMZ traded up $0.07 during trading hours on Friday, hitting $12.90. The stock had a trading volume of 349,750 shares, compared to its average volume of 299,680. The stock's fifty day simple moving average is $12.38 and its 200 day simple moving average is $14.59. Zumiez Inc. has a 1-year low of $11.31 and a 1-year high of $31.37. The firm has a market capitalization of $229.23 million, a price-to-earnings ratio of 1,291.29 and a beta of 0.90.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The apparel and footwear maker reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.02). Zumiez had a net margin of 0.08% and a return on equity of 0.23%. The firm had revenue of $184.34 million during the quarter, compared to analyst estimates of $182.23 million. During the same quarter in the previous year, the business posted ($0.86) EPS. Zumiez's revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts anticipate that Zumiez Inc. will post -0.12 EPS for the current year.

Zumiez declared that its board has approved a share buyback plan 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 stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new position in shares of Zumiez during the first quarter valued at approximately $375,000. Acadian Asset Management LLC increased its stake in shares of Zumiez by 2.6% during the first quarter. Acadian Asset Management LLC now owns 587,816 shares of the apparel and footwear maker's stock valued at $8,750,000 after acquiring an additional 14,703 shares during the period. Caxton Associates LLP acquired a new position in shares of Zumiez during the first quarter valued at approximately $176,000. Maverick Capital Ltd. increased its stake in shares of Zumiez by 76.1% during the first quarter. Maverick Capital Ltd. now owns 63,126 shares of the apparel and footwear maker's stock valued at $940,000 after acquiring an additional 27,276 shares during the period. Finally, Paradigm Capital Management Inc. NY acquired a new position in shares of Zumiez during the first quarter valued at approximately $1,980,000. Institutional investors and hedge funds own 95.45% of the company's stock.

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.