Zumiez Inc. (NASDAQ:ZUMZ – Get Free Report) Director Liliana Gil Valletta sold 1,319 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $18.81, for a total value of $24,810.39. Following the transaction, the director owned 5,804 shares in the company, valued at approximately $109,173.24. The trade was a 18.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Liliana Gil Valletta also recently made the following trade(s):
- On Thursday, June 11th, Liliana Gil Valletta sold 3,841 shares of Zumiez stock. The stock was sold at an average price of $18.82, for a total value of $72,287.62.
- On Tuesday, June 9th, Liliana Gil Valletta sold 300 shares of Zumiez stock. The stock was sold at an average price of $19.41, for a total value of $5,823.00.
Zumiez Price Performance
ZUMZ opened at $18.39 on Friday. The stock’s 50 day simple moving average is $23.28 and its 200 day simple moving average is $24.65. Zumiez Inc. has a 1 year low of $11.76 and a 1 year high of $31.70. The firm has a market cap of $310.24 million, a price-to-earnings ratio of 22.16 and a beta of 0.97.
Zumiez announced that its Board of Directors has authorized a share buyback program on Wednesday, March 11th that allows the company to repurchase $40.00 million in outstanding shares. This repurchase authorization allows the apparel and footwear maker to repurchase up to 10.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on ZUMZ shares. Weiss Ratings lowered Zumiez from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, June 5th. Zacks Research lowered Zumiez from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Finally, Wall Street Zen lowered Zumiez from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zumiez has an average rating of “Reduce” and an average price target of $18.00.
View Our Latest Analysis on ZUMZ
Institutional Investors Weigh In On Zumiez
A number of large investors have recently made changes to their positions in the business. Empowered Funds LLC grew its position in shares of Zumiez by 163.9% in the 1st quarter. Empowered Funds LLC now owns 426,130 shares of the apparel and footwear maker’s stock worth $9,443,000 after buying an additional 264,643 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Zumiez by 4.8% in the 1st quarter. Quantinno Capital Management LP now owns 15,139 shares of the apparel and footwear maker’s stock worth $335,000 after buying an additional 690 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Zumiez by 16.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 471,498 shares of the apparel and footwear maker’s stock worth $10,448,000 after buying an additional 67,469 shares during the last quarter. Sei Investments Co. grew its position in shares of Zumiez by 64.4% in the 1st quarter. Sei Investments Co. now owns 264,312 shares of the apparel and footwear maker’s stock worth $5,857,000 after buying an additional 103,540 shares during the last quarter. Finally, State of Wyoming lifted its stake in shares of Zumiez by 110.4% in the 1st quarter. State of Wyoming now owns 13,639 shares of the apparel and footwear maker’s stock valued at $302,000 after purchasing an additional 7,158 shares during the period. 95.45% of the stock is currently owned by institutional investors.
About Zumiez
Zumiez, Inc (NASDAQ: ZUMZ) is a specialty retailer offering apparel, footwear, accessories and hardgoods targeted at the action-sports lifestyle market. With a focus on skateboarding, snowboarding, BMX and streetwear, the company stocks a mix of leading third-party brands—such as Vans, Nike SB, DC Shoes and The North Face—alongside proprietary private-label merchandise. In addition to traditional fashion items, Zumiez stores carry hardware and equipment tailored to board sports, supporting both amateur and enthusiast consumers.
Originally founded in 1978 in Seattle, Washington, by Tom Campion, Gary Haakenson and Steve Brosvik, Zumiez opened its first branded retail location in 1988.
See Also
- Five stocks we like better than Zumiez
- TJX: Retail’s Apex Predator Feasts on Inflation
- MarketBeat Week in Review – 06/08 – 06/12
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
Receive News & Ratings for Zumiez Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez and related companies with MarketBeat.com's FREE daily email newsletter.
