Zumiez Inc. (NASDAQ:ZUMZ – Get Free Report) Director Liliana Gil Valletta sold 1,319 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $18.81, for a total transaction of $24,810.39. Following the sale, the director directly owned 5,804 shares of the company’s stock, valued at $109,173.24. This represents a 18.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
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 transaction 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 transaction of $5,823.00.
Zumiez Price Performance
ZUMZ opened at $18.39 on Monday. Zumiez Inc. has a twelve month low of $11.76 and a twelve month high of $31.70. The company has a 50-day simple moving average of $23.28 and a 200 day simple moving average of $24.65. The stock has a market capitalization of $310.24 million, a price-to-earnings ratio of 22.16 and a beta of 0.97.
Zumiez announced that its board has authorized a stock repurchase plan 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 purchase up to 10.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Towle & Co. raised its holdings in Zumiez by 76.8% during the 3rd 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 during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Zumiez during the 3rd quarter worth approximately $745,000. Hillsdale Investment Management Inc. bought a new position in Zumiez during the 4th quarter worth approximately $7,435,000. State of Wyoming raised its holdings in Zumiez by 110.4% during the 1st quarter. State of Wyoming now owns 13,639 shares of the apparel and footwear maker’s stock worth $302,000 after purchasing an additional 7,158 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in Zumiez during the 1st quarter worth approximately $27,000. Institutional investors own 95.45% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Zacks Research cut Zumiez from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Wall Street Zen downgraded shares of Zumiez from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings downgraded shares of Zumiez from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, June 5th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $18.00.
Get Our Latest Analysis on Zumiez
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.
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