Insider Selling: Zumiez Inc. (NASDAQ:ZUMZ) Director Sells 6,600 Shares of Stock

Zumiez Inc. (NASDAQ:ZUMZ - Get Free Report) Director Liliana Gil Valletta sold 6,600 shares of Zumiez stock in a transaction dated Thursday, June 26th. The stock was 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 of the company's stock, valued at $138,571.38. This trade represents a 37.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zumiez Stock Performance

Shares of NASDAQ ZUMZ traded up $0.09 during midday trading on Thursday, reaching $12.83. The company's stock had a trading volume of 219,688 shares, compared to its average volume of 299,348. The company has a market cap of $227.99 million, a P/E ratio of 1,284.28 and a beta of 0.90. The business's 50 day moving average price is $12.38 and its two-hundred day moving average price is $14.75. Zumiez Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $31.37.

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 the consensus estimate of ($0.77) by ($0.02). The company had revenue of $184.34 million during the quarter, compared to analyst estimates of $182.23 million. Zumiez had a net margin of 0.08% and a return on equity of 0.23%. Zumiez's revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.86) earnings per share. Sell-side analysts forecast that Zumiez Inc. will post -0.12 earnings per share for the current fiscal year.

Zumiez announced that its board has authorized a stock buyback 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 usually a sign that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On Zumiez

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fund 1 Investments LLC increased its holdings in Zumiez by 134.5% in the 4th quarter. Fund 1 Investments LLC now owns 435,905 shares of the apparel and footwear maker's stock valued at $8,356,000 after buying an additional 250,014 shares during the period. Millennium Management LLC lifted its holdings in shares of Zumiez by 338.9% during the 4th quarter. Millennium Management LLC now owns 229,173 shares of the apparel and footwear maker's stock worth $4,393,000 after acquiring an additional 176,953 shares during the period. Divisar Capital Management LLC boosted its position in shares of Zumiez by 33.2% during the 4th quarter. Divisar Capital Management LLC now owns 691,879 shares of the apparel and footwear maker's stock worth $13,263,000 after acquiring an additional 172,362 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in shares of Zumiez during the 1st quarter worth approximately $1,980,000. Finally, Landscape Capital Management L.L.C. bought a new position in Zumiez in the first quarter valued at approximately $1,746,000. Institutional investors own 95.45% 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.

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