Zumiez Inc. (NASDAQ:ZUMZ - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.68 and traded as high as $15.93. Zumiez shares last traded at $15.49, with a volume of 110,531 shares changing hands.
Zumiez Trading Down 1.2%
The firm has a market cap of $275.26 million, a price-to-earnings ratio of 1,550.55 and a beta of 0.97. The firm has a 50 day moving average price of $13.69 and a 200-day moving average price of $13.68.
Zumiez (NASDAQ:ZUMZ - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The apparel and footwear maker reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.77) by ($0.02). The firm had revenue of $184.34 million for the quarter, compared to analyst estimates of $182.23 million. Zumiez had a return on equity of 0.23% and a net margin of 0.08%. The company's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.86) EPS. As a group, equities analysts expect that Zumiez Inc. will post -0.12 earnings per share for the current fiscal year.
Zumiez declared that its board has initiated a stock repurchase 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 reacquire up to 6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.
Insider Activity
In other news, Director Liliana Gil Valletta sold 6,600 shares of Zumiez stock in a transaction on 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 transaction, the director owned 10,809 shares of the company's stock, valued at $138,571.38. The trade was a 37.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 21.20% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zumiez in the 4th quarter valued at about $29,000. GAMMA Investing LLC raised its stake in Zumiez by 6,451.4% in the 1st quarter. GAMMA Investing LLC now owns 2,293 shares of the apparel and footwear maker's stock valued at $34,000 after purchasing an additional 2,258 shares during the last quarter. Quantbot Technologies LP acquired a new position in Zumiez in the 2nd quarter valued at about $71,000. CWM LLC raised its stake in Zumiez by 422.9% in the 2nd quarter. CWM LLC now owns 6,751 shares of the apparel and footwear maker's stock valued at $90,000 after purchasing an additional 5,460 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Zumiez in the 4th quarter valued at about $140,000. Institutional investors and hedge funds own 95.45% of the company's stock.
About Zumiez
(
Get Free Report)
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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