Zumiez Inc. (NASDAQ:ZUMZ) Short Interest Update

Zumiez Inc. (NASDAQ:ZUMZ) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 977,100 shares, a decrease of 17.2% from the October 15th total of 1,180,000 shares. Based on an average trading volume of 315,700 shares, the days-to-cover ratio is currently 3.1 days. Currently, 6.5% of the company’s shares are sold short.

Zumiez Stock Performance

Shares of ZUMZ opened at $21.21 on Friday. The stock has a market capitalization of $405.96 million, a PE ratio of -7.71 and a beta of 1.24. The company has a 50 day moving average price of $21.99 and a 200-day moving average price of $21.74. Zumiez has a fifty-two week low of $12.90 and a fifty-two week high of $31.37.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.29. The business had revenue of $210.18 million for the quarter, compared to the consensus estimate of $201.93 million. Zumiez had a negative return on equity of 3.52% and a negative net margin of 6.02%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted ($0.44) EPS. Equities research analysts forecast that Zumiez will post 0.08 EPS for the current year.

Insider Buying and Selling at Zumiez

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $21.85, for a total value of $71,733.55. Following the transaction, the director now directly owns 15,002 shares in the company, valued at $327,793.70. This represents a 17.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Zumiez

Several hedge funds have recently modified their holdings of ZUMZ. Geode Capital Management LLC grew its position in shares of Zumiez by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 388,589 shares of the apparel and footwear maker’s stock worth $8,279,000 after buying an additional 1,195 shares during the last quarter. Barclays PLC boosted its stake in Zumiez by 55.6% in the third quarter. Barclays PLC now owns 47,387 shares of the apparel and footwear maker’s stock valued at $1,010,000 after acquiring an additional 16,934 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Zumiez by 32.9% in the third quarter. Public Employees Retirement System of Ohio now owns 36,841 shares of the apparel and footwear maker’s stock valued at $785,000 after acquiring an additional 9,124 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Zumiez in the third quarter worth $442,000. Finally, XTX Topco Ltd purchased a new stake in shares of Zumiez during the 3rd quarter valued at $564,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, B. Riley increased their price objective on Zumiez from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th.

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.