Nuveen LLC Takes $876,000 Position in Zumiez Inc. $ZUMZ

Nuveen LLC purchased a new stake in Zumiez Inc. (NASDAQ:ZUMZ) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 58,804 shares of the apparel and footwear maker’s stock, valued at approximately $876,000. Nuveen LLC owned 0.30% of Zumiez as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Zumiez by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 233,020 shares of the apparel and footwear maker’s stock valued at $3,470,000 after buying an additional 7,895 shares during the period. XTX Topco Ltd acquired a new position in shares of Zumiez in the 1st quarter valued at $469,000. GSA Capital Partners LLP grew its holdings in shares of Zumiez by 50.8% in the 1st quarter. GSA Capital Partners LLP now owns 139,889 shares of the apparel and footwear maker’s stock valued at $2,083,000 after buying an additional 47,105 shares during the period. Bank of New York Mellon Corp boosted its stake in Zumiez by 2.5% in the 1st quarter. Bank of New York Mellon Corp now owns 51,383 shares of the apparel and footwear maker’s stock worth $765,000 after purchasing an additional 1,257 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Zumiez by 6,451.4% in the 1st quarter. GAMMA Investing LLC now owns 2,293 shares of the apparel and footwear maker’s stock worth $34,000 after purchasing an additional 2,258 shares during the period. Institutional investors and hedge funds own 95.45% of the company’s stock.

Zumiez Trading Up 0.9%

Shares of NASDAQ ZUMZ opened at $17.34 on Wednesday. The firm has a market cap of $308.13 million, a PE ratio of 1,735.74 and a beta of 0.96. Zumiez Inc. has a 1-year low of $11.31 and a 1-year high of $31.37. The company has a fifty day moving average price of $14.73 and a 200 day moving average price of $13.73.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, June 5th. The apparel and footwear maker reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.02). The company had revenue of $184.34 million during the quarter, compared to analyst estimates of $182.23 million. Zumiez had a return on equity of 0.23% and a net margin of 0.08%.Zumiez’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.86) earnings per share. Zumiez has set its Q2 2025 guidance at -0.240–0.090 EPS. Equities research analysts forecast that Zumiez Inc. will post -0.12 EPS for the current year.

Zumiez declared that its Board of Directors has authorized a share buyback program on Thursday, June 5th that authorizes the company to repurchase $15.00 million in shares. This repurchase authorization authorizes the apparel and footwear maker to purchase up to 6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Liliana Gil Valletta sold 6,600 shares of the company’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $12.82, for a total value of $84,612.00. Following the completion of the transaction, the director directly owned 10,809 shares of the company’s stock, valued at approximately $138,571.38. This represents a 37.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.30% 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.