Quiksilver (NYSE:ZQK) designs, develops, markets, and distributes branded apparel, footwear, accessories, and related products primarily for men, women, and children.
Insider buying during the last 30 days
Here is a table of Quiksilver's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Joseph Berardino||Director||June 9||10,000||90,000 shares||+12.5%|
|Richard Shields||CFO||June 5||100,000||800,000 shares||+14.3%|
|Andrew Mooney||CEO||June 5||100,000||2,100,000 shares||+5.0%|
There have been 210,000 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Quiksilver's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 210,000 shares purchased and there have been 284,709 shares sold by insiders since January 2013. The month of June 2014 has seen all of the insider buying.
Quiksilver reported the fiscal 2014 second-quarter, which ended April 30, financial results on June 2 with the following highlights:
|Net loss||$53.1 million|
The stock plunged after these results and the three insiders purchased their shares after the plunge.
Quiksilver anticipates some continued year-over-year gross margin improvements in the second half of fiscal 2014, and that pro-forma adjusted EBITDA for fiscal 2014 will be below the $118 million achieved in fiscal 2013.
|Qtrly Rev Growth (yoy):||-0.11||0.13||0.03|
|PEG (5 yr expected):||-1.84||2.10||N/A|
Quiksilver has the second-lowest P/S ratio among these three companies.
There have been three different insiders buying Quiksilver, and there have not been any insiders selling Quiksilver during the last 30 days. Two of these three insiders increased their holdings by more than 10%. Quiksilver has an insider ownership of 32.99%.
The three insiders purchased their shares at prices ranging from $3.38 to $3.65. I believe Quiksilver could be a good pick below $3.65 based on the intensive insider buying.
(Source: Investor presentation)
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in ZQK over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.