Zumiez Target of Unusually Large Options Trading (NASDAQ:ZUMZ)

Zumiez Inc. (NASDAQ:ZUMZ) saw unusually large options trading activity on Tuesday. Investors purchased 3,368 put options on the stock. This represents an increase of 3,337% compared to the typical volume of 98 put options.

Analysts Set New Price Targets

Several brokerages have issued reports on ZUMZ. B. Riley decreased their price target on shares of Zumiez from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, March 20th. StockNews.com upgraded Zumiez from a “sell” rating to a “hold” rating in a report on Friday, April 12th.

Zumiez Price Performance

Shares of ZUMZ stock opened at $14.12 on Wednesday. The stock has a market capitalization of $280.00 million, a PE ratio of -4.34 and a beta of 1.46. The business’s 50 day simple moving average is $15.93 and its 200 day simple moving average is $17.28. 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 data on Thursday, March 14th. The apparel and footwear maker reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.14. The company had revenue of $281.82 million during 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%. As a group, research analysts expect that Zumiez will post -0.17 earnings per share for the current year.

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 bought at an average price of $14.31 per share, with a total value of $143,100.00. Following the acquisition, the insider now directly owns 57,917 shares in the company, valued at approximately $828,792.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 20.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ZUMZ. BlackRock Inc. grew its holdings in Zumiez by 3.6% in the first quarter. BlackRock Inc. now owns 2,842,047 shares of the apparel and footwear maker’s stock worth $52,407,000 after purchasing an additional 99,967 shares during the period. Vanguard Group Inc. boosted its position in shares of Zumiez by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,791,362 shares of the apparel and footwear maker’s stock worth $38,568,000 after purchasing an additional 28,374 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Zumiez by 9.4% in the 1st quarter. Thrivent Financial for Lutherans now owns 1,723,880 shares of the apparel and footwear maker’s stock valued at $31,788,000 after buying an additional 148,394 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Zumiez by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,605,551 shares of the apparel and footwear maker’s stock valued at $32,657,000 after buying an additional 49,581 shares during the period. Finally, State Street Corp increased its position in Zumiez by 10.2% in the 1st quarter. State Street Corp now owns 811,215 shares of the apparel and footwear maker’s stock valued at $14,959,000 after buying an additional 74,810 shares in the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

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.