Zumiez Inc. (NASDAQ:ZUMZ – Get Free Report) Director Liliana Gil Valletta sold 3,841 shares of Zumiez stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $18.82, for a total value of $72,287.62. Following the completion of the transaction, the director owned 7,123 shares in the company, valued at approximately $134,054.86. This represents a 35.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Liliana Gil Valletta also recently made the following trade(s):
- On Friday, June 12th, Liliana Gil Valletta sold 1,319 shares of Zumiez stock. The stock was sold at an average price of $18.81, for a total value of $24,810.39.
- 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
Shares of Zumiez stock traded down $0.12 during midday trading on Friday, reaching $18.39. The company had a trading volume of 212,829 shares, compared to its average volume of 179,701. The stock has a fifty day moving average price of $23.35 and a 200 day moving average price of $24.69. The firm has a market cap of $310.24 million, a PE ratio of 22.16 and a beta of 0.97. Zumiez Inc. has a fifty-two week low of $11.76 and a fifty-two week high of $31.70.
Zumiez declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 11th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the apparel and footwear maker to purchase up to 10.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on ZUMZ. Weiss Ratings downgraded Zumiez from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, June 5th. Wall Street Zen downgraded Zumiez from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Zacks Research downgraded Zumiez from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Zumiez currently has an average rating of “Reduce” and a consensus price target of $18.00.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ZUMZ. Caxton Associates LLP bought a new position in shares of Zumiez during the 1st quarter worth $176,000. Geode Capital Management LLC grew its stake in shares of Zumiez by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 382,561 shares of the apparel and footwear maker’s stock worth $5,074,000 after acquiring an additional 6,682 shares during the period. American Century Companies Inc. grew its stake in shares of Zumiez by 2.0% during the 2nd quarter. American Century Companies Inc. now owns 40,044 shares of the apparel and footwear maker’s stock worth $531,000 after acquiring an additional 797 shares during the period. Hsbc Holdings PLC grew its stake in shares of Zumiez by 123.4% during the 2nd quarter. Hsbc Holdings PLC now owns 42,418 shares of the apparel and footwear maker’s stock worth $547,000 after acquiring an additional 23,434 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Zumiez during the 2nd quarter worth $71,000. Institutional investors own 95.45% of the company’s stock.
Zumiez Company Profile
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.
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