Zumiez Inc. (NASDAQ:ZUMZ) Short Interest Update

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

Insider Buying and Selling

In other news, insider Adam Christopher Ellis acquired 10,000 shares of Zumiez stock in a transaction dated Thursday, April 4th. The shares were acquired at an average cost 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 20.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zumiez

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Zumiez by 51.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,251 shares of the apparel and footwear maker’s stock valued at $66,000 after buying an additional 1,108 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in 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 purchasing an additional 658 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Zumiez during the third quarter worth $75,000. Studio Investment Management LLC purchased a new stake in Zumiez during the third quarter worth $160,000. Finally, Harvest Investment Services LLC acquired a new stake in Zumiez in the fourth quarter valued at $262,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Zumiez Stock Performance

Shares of ZUMZ opened at $16.95 on Monday. Zumiez has a fifty-two week low of $12.90 and a fifty-two week high of $21.49. The firm has a 50-day simple moving average of $15.57 and a 200-day simple moving average of $17.21. The company has a market capitalization of $343.92 million, a price-to-earnings ratio of -5.22 and a beta of 1.46.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. B. Riley cut their price target on shares of Zumiez from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 20th. StockNews.com raised Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, April 12th.

About Zumiez

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.