Zumiez (NASDAQ:ZUMZ) Insider Sells $112,865.62 in Stock

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 stock was sold at an average price of $20.09, for a total transaction of $112,865.62. Following the completion of the transaction, the insider directly owned 44,303 shares in the company, valued at $890,047.27. This trade represents a 11.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Zumiez Trading Down 0.9%

Zumiez stock traded down $0.18 during mid-day trading on Monday, hitting $20.16. 373,531 shares of the company's stock were exchanged, compared to its average volume of 278,347. The stock has a market cap of $345.82 million, a P/E ratio of -2,013.99 and a beta of 0.96. Zumiez Inc. has a 1-year low of $11.31 and a 1-year high of $24.37. The stock has a 50 day moving average of $16.45 and a two-hundred day moving average of $14.26.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $214.28 million for the quarter, compared to the consensus estimate of $210.53 million. Zumiez had a return on equity of 0.19% and a net margin of 0.06%.The firm's revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business posted ($0.04) earnings per share. Zumiez has set its Q3 2025 guidance at 0.190-0.290 EPS. As a group, research analysts predict that Zumiez Inc. will post -0.12 EPS for the current fiscal year.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Corient Private Wealth LLC bought a new position in Zumiez in the 2nd quarter valued at about $1,328,000. Monimus Capital Management LP raised its holdings in Zumiez by 100.4% in the 2nd quarter. Monimus Capital Management LP now owns 104,786 shares of the apparel and footwear maker's stock valued at $1,389,000 after acquiring an additional 52,486 shares during the period. Paradigm Capital Management Inc. NY increased its holdings in shares of Zumiez by 478.0% during the second quarter. Paradigm Capital Management Inc. NY now owns 768,691 shares of the apparel and footwear maker's stock worth $10,193,000 after purchasing an additional 635,691 shares during the period. Bridgeway Capital Management LLC increased its holdings in shares of Zumiez by 190.7% during the second quarter. Bridgeway Capital Management LLC now owns 240,220 shares of the apparel and footwear maker's stock worth $3,185,000 after purchasing an additional 157,581 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Zumiez by 235.6% during the second quarter. Bank of America Corp DE now owns 101,208 shares of the apparel and footwear maker's stock worth $1,342,000 after purchasing an additional 71,048 shares during the period. 95.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ZUMZ. B. Riley increased their price objective 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. 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 data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.00.

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.