Zumiez Inc. (NASDAQ:ZUMZ) Short Interest Update

Zumiez Inc. (NASDAQ:ZUMZGet Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,100,000 shares, an increase of 36.2% from the March 15th total of 807,700 shares. Currently, 6.9% of the shares of the stock are sold short. Based on an average daily volume of 186,600 shares, the days-to-cover ratio is currently 5.9 days.

Insider Buying and Selling at Zumiez

In related news, insider Adam Christopher Ellis bought 10,000 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was acquired at an average cost of $14.31 per share, for a total transaction of $143,100.00. Following the completion of the transaction, the insider now directly owns 57,917 shares in the company, valued at approximately $828,792.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 20.20% of the stock is currently owned by company insiders.

Institutional Trading of Zumiez

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Zumiez by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 881,675 shares of the apparel and footwear maker’s stock worth $17,933,000 after purchasing an additional 21,286 shares during the period. GSA Capital Partners LLP raised its stake in Zumiez by 183.8% during the 4th quarter. GSA Capital Partners LLP now owns 116,914 shares of the apparel and footwear maker’s stock worth $2,378,000 after acquiring an additional 75,717 shares during the period. Public Employees Retirement System of Ohio raised its stake in Zumiez by 2,372.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 30,391 shares of the apparel and footwear maker’s stock worth $618,000 after acquiring an additional 29,162 shares during the period. Barclays PLC raised its stake in Zumiez by 60.7% during the 4th quarter. Barclays PLC now owns 49,387 shares of the apparel and footwear maker’s stock worth $1,004,000 after acquiring an additional 18,653 shares during the period. Finally, Occudo Quantitative Strategies LP raised its position in shares of Zumiez by 53.2% during the fourth quarter. Occudo Quantitative Strategies LP now owns 33,796 shares of the apparel and footwear maker’s stock valued at $687,000 after buying an additional 11,734 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Zumiez Price Performance

NASDAQ:ZUMZ opened at $14.64 on Monday. The firm’s 50-day moving average price is $16.06 and its 200-day moving average price is $17.33. The company has a market capitalization of $290.31 million, a PE ratio of -4.50 and a beta of 1.46. Zumiez has a 1-year low of $12.90 and a 1-year high of $21.49.

Zumiez (NASDAQ:ZUMZGet Free Report) last announced its quarterly earnings data on Thursday, March 14th. The apparel and footwear maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.26 by $0.14. Zumiez had a negative net margin of 7.15% and a negative return on equity of 5.70%. The company had revenue of $281.82 million for the quarter, compared to the consensus estimate of $275.98 million. Equities analysts anticipate that Zumiez will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. B. Riley lowered their price target on shares of Zumiez from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, March 20th. StockNews.com upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a report on Friday.

Read Our Latest Research Report on ZUMZ

About Zumiez

(Get Free Report)

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.

Further Reading

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