Zumiez Inc. (NASDAQ:ZUMZ) Short Interest Down 16.9% in October

Zumiez Inc. (NASDAQ:ZUMZ) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,180,000 shares, a decline of 16.9% from the September 30th total of 1,420,000 shares. Based on an average daily trading volume, of 320,700 shares, the short-interest ratio is currently 3.7 days. Currently, 7.8% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their target price on shares of Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, September 6th.

Insiders Place Their Bets

In other news, Director Liliana Gil Valletta sold 3,283 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $21.85, for a total transaction of $71,733.55. Following the completion of the transaction, the director now directly owns 15,002 shares of the company’s stock, valued at approximately $327,793.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.30% of the stock is owned by company insiders.

Institutional Trading of Zumiez

Large investors have recently bought and sold shares of the business. Signaturefd LLC lifted its position in Zumiez by 83.2% during the 2nd quarter. Signaturefd LLC now owns 1,480 shares of the apparel and footwear maker’s stock worth $29,000 after acquiring an additional 672 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Zumiez by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 42,116 shares of the apparel and footwear maker’s stock worth $820,000 after purchasing an additional 788 shares during the period. CWM LLC grew its position in Zumiez by 69.6% in the 3rd quarter. CWM LLC now owns 3,380 shares of the apparel and footwear maker’s stock valued at $72,000 after buying an additional 1,387 shares during the last quarter. Rhumbline Advisers increased its stake in Zumiez by 7.4% in the 2nd quarter. Rhumbline Advisers now owns 27,550 shares of the apparel and footwear maker’s stock valued at $537,000 after buying an additional 1,898 shares during the period. Finally, ProShare Advisors LLC purchased a new position in Zumiez during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Zumiez Stock Performance

Zumiez stock opened at $21.60 on Monday. The company has a market capitalization of $437.92 million, a P/E ratio of -6.86 and a beta of 1.23. Zumiez has a fifty-two week low of $12.90 and a fifty-two week high of $31.37. The stock has a 50-day simple moving average of $23.83 and a 200-day simple moving average of $21.18.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.29. The company had revenue of $210.18 million during the quarter, compared to analysts’ expectations of $201.93 million. Zumiez had a negative return on equity of 3.52% and a negative net margin of 6.02%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.44) earnings per share. As a group, analysts forecast that Zumiez will post 0.08 earnings per share for the current year.

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.