Zumiez (NASDAQ:ZUMZ) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Zumiez Inc. (NASDAQ:ZUMZ) shares have surpassed their 200-day moving average, trading as high as $20.67, with the last price recorded at $20.13.
• The company reported earnings of ($0.06) EPS for the last quarter, exceeding expectations, and noted a revenue growth of 1.9% compared to the previous year.
• Recently, Zumiez's board authorized a $15 million stock buyback plan, indicating management believes the stock may be undervalued.

Zumiez Inc. (NASDAQ:ZUMZ - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.65 and traded as high as $20.67. Zumiez shares last traded at $20.13, with a volume of 379,621 shares trading hands.

Analyst Ratings Changes

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

Zumiez Price Performance

The company has a 50-day simple moving average of $17.54 and a 200-day simple moving average of $14.65. The stock has a market cap of $345.23 million, a PE ratio of -2,010.99 and a beta of 1.04.

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

Zumiez announced that its board has authorized a stock buyback plan on Thursday, June 5th that permits the company to repurchase $15.00 million in outstanding shares. This repurchase authorization permits the apparel and footwear maker to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at Zumiez

In other Zumiez news, 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 value of $112,865.62. Following the sale, the insider owned 44,303 shares of the company's stock, valued at approximately $890,047.27. This represents a 11.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Liliana Gil Valletta sold 3,655 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $21.30, for a total value of $77,851.50. Following the completion of the sale, the director directly owned 7,154 shares in the company, valued at $152,380.20. This trade represents a 33.81% decrease in their position. The disclosure for this sale can be found here. 21.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Zumiez

Large investors have recently made changes to their positions in the stock. Maverick Capital Ltd. boosted 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 last quarter. Paradigm Capital Management Inc. NY acquired a new stake in shares of Zumiez during the first quarter valued at $1,980,000. GAMMA Investing LLC boosted its stake in shares of Zumiez by 6,451.4% during the first quarter. GAMMA Investing LLC now owns 2,293 shares of the apparel and footwear maker's stock valued at $34,000 after acquiring an additional 2,258 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Zumiez during the first quarter valued at $469,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Zumiez by 50.8% during the first quarter. GSA Capital Partners LLP now owns 139,889 shares of the apparel and footwear maker's stock valued at $2,083,000 after acquiring an additional 47,105 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.