Zumiez (NASDAQ:ZUMZ) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Zumiez's stock recently surpassed its 200-day moving average of $13.65, reaching a high of $16.57 during trading, with its last trade at $16.49.
• The company reported a loss of $0.79 EPS for the last quarter, missing analysts' expectations, but saw a year-over-year revenue increase of 3.9% to $184.34 million.
• Zumiez's Board of Directors has initiated a $15 million share buyback plan, indicating that management may believe the stock is undervalued.

Zumiez Inc. (NASDAQ:ZUMZ - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.65 and traded as high as $16.57. Zumiez shares last traded at $16.49, with a volume of 267,641 shares.

Zumiez Trading Down 3.7%

The company has a market cap of $312.04 million, a PE ratio of 1,757.76 and a beta of 0.97. The firm's fifty day moving average is $14.46 and its 200 day moving average is $13.71.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last released its earnings results on Thursday, June 5th. The apparel and footwear maker reported ($0.79) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.77) by ($0.02). Zumiez had a return on equity of 0.23% and a net margin of 0.08%.The business had revenue of $184.34 million for the quarter, compared to analysts' expectations of $182.23 million. During the same period in the previous year, the company earned ($0.86) EPS. Zumiez's quarterly revenue was up 3.9% compared to the same quarter last year. Zumiez has set its Q2 2025 guidance at -0.240--0.090 EPS. As a group, sell-side analysts anticipate that Zumiez Inc. will post -0.12 EPS for the current fiscal year.

Zumiez announced that its board has initiated a share buyback program on Thursday, June 5th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the apparel and footwear maker to reacquire up to 6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In other news, Director Liliana Gil Valletta sold 6,600 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $12.82, for a total transaction of $84,612.00. Following the completion of the sale, the director owned 10,809 shares of the company's stock, valued at $138,571.38. This represents a 37.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC acquired a new position in shares of Zumiez during the 2nd quarter valued at about $1,328,000. Monimus Capital Management LP boosted its position in shares of Zumiez by 100.4% during 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 last quarter. Paradigm Capital Management Inc. NY boosted its position in shares of Zumiez by 478.0% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 768,691 shares of the apparel and footwear maker's stock valued at $10,193,000 after acquiring an additional 635,691 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Zumiez by 190.7% during the 2nd quarter. Bridgeway Capital Management LLC now owns 240,220 shares of the apparel and footwear maker's stock valued at $3,185,000 after acquiring an additional 157,581 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Zumiez by 235.6% during the 2nd quarter. Bank of America Corp DE now owns 101,208 shares of the apparel and footwear maker's stock valued at $1,342,000 after acquiring an additional 71,048 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.