Zumiez Inc. (NASDAQ:ZUMZ) Short Interest Up 25.5% in April

Zumiez Inc. (NASDAQ:ZUMZ) was the recipient of a significant growth in short interest in the month of 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 short-interest ratio is presently 6.6 days. Approximately 8.7% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

ZUMZ has been the subject of a number of research reports. B. Riley cut their target price 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 shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, April 12th.

Insider Activity at Zumiez

In related news, insider Adam Christopher Ellis acquired 10,000 shares of Zumiez stock in a transaction that occurred on Thursday, April 4th. The stock was purchased at an average price of $14.31 per share, for a total transaction of $143,100.00. Following the completion of the purchase, the insider now directly owns 57,917 shares of the company’s stock, valued at $828,792.27. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 20.20% of the company’s stock.

Institutional Investors Weigh In On Zumiez

Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew 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 purchasing an additional 1,108 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Zumiez by 19.1% in the third 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 during the period. Acadian Asset Management LLC purchased a new stake in Zumiez in the third quarter valued at approximately $75,000. Studio Investment Management LLC purchased a new stake in Zumiez in the third quarter valued at approximately $160,000. Finally, Harvest Investment Services LLC purchased a new stake in Zumiez in the fourth quarter valued at approximately $262,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Zumiez Price Performance

Shares of NASDAQ ZUMZ opened at $16.95 on Friday. The company has a market cap of $343.92 million, a PE ratio of -5.22 and a beta of 1.46. Zumiez has a 12 month low of $12.90 and a 12 month high of $21.49. The company has a 50-day simple moving average of $15.57 and a 200-day simple moving average of $17.21.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, March 14th. The apparel and footwear maker reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.14. The business had revenue of $281.82 million during the quarter, compared to the consensus estimate of $275.98 million. Zumiez had a negative net margin of 7.15% and a negative return on equity of 5.70%. On average, analysts anticipate that Zumiez will post -0.17 EPS 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.