Zumiez (NASDAQ:ZUMZ) to Buyback $40.00 million in Outstanding Shares

Zumiez (NASDAQ:ZUMZ) announced that its Board of Directors has approved a stock buyback plan on Wednesday, March 11th, RTT News reports. The company plans to repurchase $40.00 million in shares. This repurchase authorization permits the apparel and footwear maker to reacquire up to 10.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms recently commented on ZUMZ. Zacks Research upgraded Zumiez from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Zumiez in a research report on Monday, December 29th. B. Riley Financial reiterated a “neutral” rating on shares of Zumiez in a report on Friday, December 5th. Finally, Wall Street Zen lowered Zumiez from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 25th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Zumiez has an average rating of “Moderate Buy” and an average target price of $18.00.

Zumiez Stock Performance

NASDAQ:ZUMZ traded up $0.26 during mid-day trading on Thursday, hitting $23.44. The stock had a trading volume of 333,761 shares, compared to its average volume of 147,248. Zumiez has a twelve month low of $11.31 and a twelve month high of $31.70. The stock has a market cap of $397.31 million, a price-to-earnings ratio of 48.83 and a beta of 0.87. The company’s 50 day simple moving average is $25.15 and its 200 day simple moving average is $23.60.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, March 12th. The apparel and footwear maker reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.08. Zumiez had a net margin of 0.94% and a return on equity of 2.33%. The company had revenue of $291.31 million for the quarter, compared to analyst estimates of $289.24 million. During the same period in the prior year, the firm earned $0.78 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. Zumiez has set its Q1 2026 guidance at 0.770-0.870 EPS. As a group, equities analysts forecast that Zumiez will post -0.12 earnings per share for the current year.

Insider Buying and Selling

In other Zumiez news, insider Chris K. Visser sold 10,043 shares of Zumiez stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $29.34, for a total value of $294,661.62. Following the completion of the sale, the insider owned 44,303 shares in the company, valued at $1,299,850.02. The trade was a 18.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Travis Smith sold 9,175 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $28.36, for a total value of $260,203.00. Following the completion of the sale, the director owned 22,954 shares of the company’s stock, valued at approximately $650,975.44. This trade represents a 28.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 26,537 shares of company stock valued at $762,797. Insiders own 21.20% 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.