Zumiez (NASDAQ:ZUMZ) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Zumiez Inc. (NASDAQ:ZUMZ)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Zumiez Stock Down 3.8%

The firm has a 50 day moving average of $12.58 and a 200 day moving average of $14.41. The firm has a market cap of $250.49 million, a PE ratio of 1,411.01 and a beta of 0.91.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, June 5th. The apparel and footwear maker reported ($0.79) earnings per share (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 the consensus estimate of $182.23 million. During the same quarter in the previous year, the firm earned ($0.86) earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that Zumiez Inc. will post -0.12 EPS for the current year.

Zumiez announced that its Board of Directors has initiated a share buyback 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 repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Zumiez news, Director Liliana Gil Valletta sold 6,600 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $12.82, for a total transaction of $84,612.00. Following the completion of the transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 21.20% of the stock is currently owned by company insiders.

Institutional Trading of Zumiez

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fund 1 Investments LLC boosted its holdings in Zumiez by 134.5% in the 4th quarter. Fund 1 Investments LLC now owns 435,905 shares of the apparel and footwear maker’s stock worth $8,356,000 after buying an additional 250,014 shares during the period. Millennium Management LLC lifted its position in shares of Zumiez by 338.9% during the fourth quarter. Millennium Management LLC now owns 229,173 shares of the apparel and footwear maker’s stock worth $4,393,000 after acquiring an additional 176,953 shares in the last quarter. Divisar Capital Management LLC boosted its holdings in shares of Zumiez by 33.2% in the fourth quarter. Divisar Capital Management LLC now owns 691,879 shares of the apparel and footwear maker’s stock worth $13,263,000 after acquiring an additional 172,362 shares during the period. Paradigm Capital Management Inc. NY purchased a new position in shares of Zumiez in the first quarter valued at $1,980,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Zumiez in the first quarter valued at $1,746,000. Institutional investors own 95.45% of the company’s stock.

About Zumiez

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.