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 $14.41 and traded as high as $14.86. Zumiez shares last traded at $14.10, with a volume of 108,776 shares trading hands.
Zumiez Stock Performance
The business's 50 day moving average price is $12.58 and its 200-day moving average price is $14.41. The firm has a market capitalization of $250.49 million, a PE ratio of 1,411.01 and a beta of 0.91.
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 analysts' consensus estimates of ($0.77) by ($0.02). The company had revenue of $184.34 million during the quarter, compared to analysts' expectations of $182.23 million. Zumiez had a net margin of 0.08% and a return on equity of 0.23%. Zumiez's revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted ($0.86) earnings per share. As a group, analysts anticipate that Zumiez Inc. will post -0.12 earnings per share for the current year.
Zumiez announced that its board has initiated a share repurchase plan on Thursday, June 5th that authorizes the company to repurchase $15.00 million in outstanding shares. This repurchase authorization authorizes the apparel and footwear maker to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.
Insider Activity
In other news, Director Liliana Gil Valletta sold 6,600 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $12.82, for a total value of $84,612.00. Following the sale, the director directly owned 10,809 shares of the company's stock, valued at approximately $138,571.38. The trade was a 37.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 21.20% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Millennium Management LLC grew its holdings in shares of Zumiez by 338.9% in the fourth quarter. Millennium Management LLC now owns 229,173 shares of the apparel and footwear maker's stock valued at $4,393,000 after purchasing an additional 176,953 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Zumiez by 6,451.4% in the first 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Zumiez by 19.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 421,045 shares of the apparel and footwear maker's stock valued at $8,071,000 after purchasing an additional 68,676 shares in the last quarter. Man Group plc grew its holdings in shares of Zumiez by 33.7% in the fourth quarter. Man Group plc now owns 83,572 shares of the apparel and footwear maker's stock valued at $1,602,000 after purchasing an additional 21,082 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Zumiez by 26.0% in the fourth quarter. Renaissance Technologies LLC now owns 53,811 shares of the apparel and footwear maker's stock valued at $1,032,000 after purchasing an additional 11,111 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.
Zumiez Company Profile
(
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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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