Zumiez Inc. (NASDAQ:ZUMZ) Short Interest Down 17.2% in October

Zumiez Inc. (NASDAQ:ZUMZ) was the recipient of a significant 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. Approximately 6.5% of the company’s shares are sold short. Based on an average daily trading volume, of 315,700 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Ratings Changes

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

Zumiez Stock Down 4.7 %

NASDAQ ZUMZ opened at $21.21 on Friday. Zumiez has a 52 week low of $12.90 and a 52 week high of $31.37. The company has a 50 day moving average price of $21.99 and a 200 day moving average price of $21.71. The firm has a market cap of $405.98 million, a PE ratio of -7.71 and a beta of 1.24.

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

Insider Activity

In other 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 approximately $327,793.70. This represents a 17.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 20.30% of the company’s stock.

Hedge Funds Weigh In On Zumiez

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Zumiez by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 901,774 shares of the apparel and footwear maker’s stock valued at $13,698,000 after acquiring an additional 20,099 shares during the period. State Street Corp lifted its holdings in shares of Zumiez by 37.0% in the 3rd quarter. State Street Corp now owns 477,152 shares of the apparel and footwear maker’s stock worth $10,163,000 after acquiring an additional 128,774 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Zumiez by 11.8% during the 1st quarter. First Eagle Investment Management LLC now owns 470,743 shares of the apparel and footwear maker’s stock valued at $7,151,000 after acquiring an additional 49,700 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of Zumiez by 42.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 416,274 shares of the apparel and footwear maker’s stock worth $8,867,000 after acquiring an additional 123,047 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Zumiez by 225.2% during the second quarter. Acadian Asset Management LLC now owns 213,722 shares of the apparel and footwear maker’s stock worth $4,161,000 after buying an additional 147,996 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

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.