Zumiez (NASDAQ:ZUMZ) to Repurchase $15.00 million in Outstanding Shares

Zumiez (NASDAQ:ZUMZ) to Repurchase $15.00 million in Outstanding Shares

Zumiez (NASDAQ:ZUMZ - Get Free Report) announced that its board has authorized a share buyback program on Thursday, June 5th, RTT News reports. The company plans to buyback $15.00 million in shares. This buyback authorization permits the apparel and footwear maker to purchase up to 6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.