Zumiez Inc. (NASDAQ:ZUMZ) Sees Significant Increase in Short Interest

Zumiez Inc. (NASDAQ:ZUMZ) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,380,000 shares, an increase of 25.5% from the March 31st total of 1,100,000 shares. Currently, 8.7% of the company’s shares are short sold. Based on an average daily trading volume, of 207,800 shares, the short-interest ratio is currently 6.6 days.

Zumiez Price Performance

Shares of Zumiez stock opened at $16.94 on Tuesday. The business has a 50-day simple moving average of $15.54 and a 200-day simple moving average of $17.22. Zumiez has a one year low of $12.90 and a one year high of $21.49.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, March 14th. The apparel and footwear maker reported $0.40 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $275.98 million. As a group, equities research analysts forecast that Zumiez will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. B. Riley reduced their target price on shares of Zumiez from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, March 20th. StockNews.com upgraded Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, April 12th.

Insider Transactions at Zumiez

In other news, insider Adam Christopher Ellis acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were purchased at an average price of $14.31 per share, for a total transaction of $143,100.00. Following the acquisition, the insider now owns 57,917 shares of the company’s stock, valued at $828,792.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 20.30% of the company’s stock.

Institutional Trading of Zumiez

A number of hedge funds and other institutional investors have recently bought and sold shares of ZUMZ. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Zumiez by 51.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,251 shares of the apparel and footwear maker’s stock worth $66,000 after acquiring an additional 1,108 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Zumiez by 19.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,100 shares of the apparel and footwear maker’s stock valued at $73,000 after buying an additional 658 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Zumiez during the 3rd quarter worth $75,000. Studio Investment Management LLC purchased a new stake in Zumiez in the third quarter valued at $160,000. Finally, SG Americas Securities LLC boosted its stake in Zumiez by 79.3% in the third quarter. SG Americas Securities LLC now owns 14,278 shares of the apparel and footwear maker’s stock valued at $254,000 after acquiring an additional 6,313 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Zumiez Company Profile

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.