Zumiez Inc. (NASDAQ:ZUMZ - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.
Zumiez Stock Down 2.3%
The firm's 50 day simple moving average is $12.67 and its 200 day simple moving average is $14.31. The company has a market cap of $246.29 million, a price-to-earnings ratio of 1,387.39 and a beta of 0.91.
Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The apparel and footwear maker reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.02). Zumiez had a net margin of 0.08% and a return on equity of 0.23%. The firm had revenue of $184.34 million during the quarter, compared to analyst estimates of $182.23 million. During the same quarter in the previous year, the business posted ($0.86) EPS. Zumiez's revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts anticipate that Zumiez Inc. will post -0.12 EPS for the current fiscal year.
Zumiez announced that its Board of Directors has approved a stock repurchase 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.
Insider Activity at Zumiez
In other news, Director Liliana Gil Valletta sold 6,600 shares of the 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 completion of the transaction, the director directly owned 10,809 shares in the company, valued at $138,571.38. This trade represents a 37.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 20.30% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ZUMZ. Victory Capital Management Inc. boosted its holdings in shares of Zumiez by 26.7% in the fourth quarter. Victory Capital Management Inc. now owns 34,827 shares of the apparel and footwear maker's stock valued at $668,000 after acquiring an additional 7,336 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Zumiez by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,046,487 shares of the apparel and footwear maker's stock valued at $20,061,000 after acquiring an additional 10,953 shares in the last quarter. Tieton Capital Management LLC boosted its holdings in shares of Zumiez by 22.7% in the fourth quarter. Tieton Capital Management LLC now owns 256,505 shares of the apparel and footwear maker's stock valued at $4,917,000 after acquiring an additional 47,435 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted 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 acquiring an additional 68,676 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Zumiez in the fourth quarter valued at approximately $218,000. 95.45% of the stock is currently owned by institutional investors.
About Zumiez
(
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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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