Zumiez (NASDAQ:ZUMZ) Insider Chris K. Visser Sells 5,618 Shares

Key Points

• Insider Chris Visser sold 5,618 shares of Zumiez stock at an average price of $20.09, resulting in a transaction worth over $112,000, and a reduction of his holdings by 11.25%.
• Zumiez reported earnings of ($0.06) per share, exceeding analyst expectations, while revenue increased by 1.9% year-over-year to $214.28 million.
• The company has initiated a $15 million stock repurchase plan, indicating confidence from its Board of Directors in the value of its stock.

Zumiez Inc. (NASDAQ:ZUMZ - Get Free Report) insider Chris K. Visser sold 5,618 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $20.09, for a total value of $112,865.62. Following the completion of the transaction, the insider owned 44,303 shares of the company's stock, valued at $890,047.27. The trade was a 11.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Zumiez Price Performance

ZUMZ traded down $0.67 during trading on Friday, hitting $20.34. The stock had a trading volume of 531,730 shares, compared to its average volume of 275,791. The firm has a market cap of $348.83 million, a price-to-earnings ratio of -2,031.97 and a beta of 0.96. The company has a 50 day moving average price of $16.45 and a 200-day moving average price of $14.26. Zumiez Inc. has a one year low of $11.31 and a one year high of $24.37.

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

Zumiez declared that its Board of Directors has approved a share buyback plan on Thursday, June 5th that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the apparel and footwear maker to buy up to 6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. B. Riley upped their price objective on shares of Zumiez from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, September 5th. Zacks Research upgraded shares of Zumiez from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Zumiez currently has an average rating of "Hold" and a consensus target price of $18.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in Zumiez by 2.0% in the 2nd quarter. American Century Companies Inc. now owns 40,044 shares of the apparel and footwear maker's stock worth $531,000 after acquiring an additional 797 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Zumiez by 2.5% in the 1st quarter. Bank of New York Mellon Corp now owns 51,383 shares of the apparel and footwear maker's stock worth $765,000 after purchasing an additional 1,257 shares during the period. Mutual Advisors LLC raised its position in Zumiez by 4.3% during the 2nd quarter. Mutual Advisors LLC now owns 33,410 shares of the apparel and footwear maker's stock valued at $443,000 after purchasing an additional 1,392 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Zumiez by 0.4% during the 4th quarter. Ameriprise Financial Inc. now owns 375,422 shares of the apparel and footwear maker's stock valued at $7,197,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Zumiez by 6.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 34,267 shares of the apparel and footwear maker's stock worth $454,000 after purchasing an additional 1,960 shares during the period. Institutional investors and hedge funds 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.