Zumiez Inc. (NASDAQ:ZUMZ – Get Free Report) Director Liliana Gil Valletta sold 3,841 shares of Zumiez stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $18.82, for a total transaction of $72,287.62. Following the sale, the director owned 7,123 shares of the company’s stock, valued at $134,054.86. The trade was a 35.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 transaction 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 transaction of $5,823.00.
Zumiez Trading Down 0.6%
NASDAQ:ZUMZ opened at $18.39 on Friday. The firm has a fifty day simple moving average of $23.28 and a 200-day simple moving average of $24.65. Zumiez Inc. has a 12 month low of $11.76 and a 12 month high of $31.70. The company has a market capitalization of $310.24 million, a P/E ratio of 22.16 and a beta of 0.97.
Zumiez declared that its Board of Directors has initiated a stock buyback program on Wednesday, March 11th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the apparel and footwear maker to reacquire up to 10.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
ZUMZ has been the subject of several recent research reports. Zacks Research cut shares of Zumiez from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. Wall Street Zen cut shares of Zumiez from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Weiss Ratings cut shares of Zumiez from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, June 5th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Zumiez presently has a consensus rating of “Reduce” and a consensus price target of $18.00.
Get Our Latest Report on Zumiez
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZUMZ. Paradigm Capital Management Inc. NY increased its holdings in Zumiez by 478.0% in the second 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 buying an additional 635,691 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Zumiez during the fourth quarter worth about $7,435,000. Empowered Funds LLC increased its stake in shares of Zumiez by 163.9% during the first quarter. Empowered Funds LLC now owns 426,130 shares of the apparel and footwear maker’s stock worth $9,443,000 after purchasing an additional 264,643 shares in the last quarter. Towle & Co. increased its stake in shares of Zumiez by 76.8% during the third quarter. Towle & Co. now owns 412,501 shares of the apparel and footwear maker’s stock worth $8,089,000 after purchasing an additional 179,163 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Zumiez by 45.9% during the second quarter. Ameriprise Financial Inc. now owns 562,252 shares of the apparel and footwear maker’s stock worth $7,455,000 after purchasing an additional 176,835 shares in the last quarter. Hedge funds and other 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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