Zumiez Inc. (NASDAQ:ZUMZ) Short Interest Update

Zumiez Inc. (NASDAQ:ZUMZ) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 674,600 shares, a decrease of 31.5% from the August 15th total of 985,400 shares. Currently, 4.4% of the shares of the company are short sold. Based on an average daily trading volume, of 303,800 shares, the days-to-cover ratio is currently 2.2 days.

Hedge Funds Weigh In On Zumiez

A number of institutional investors and hedge funds have recently made changes to their positions in ZUMZ. Signaturefd LLC grew its stake in Zumiez by 83.2% in the 2nd quarter. Signaturefd LLC now owns 1,480 shares of the apparel and footwear maker’s stock valued at $29,000 after acquiring an additional 672 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in Zumiez by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,116 shares of the apparel and footwear maker’s stock valued at $820,000 after acquiring an additional 788 shares during the last quarter. Rhumbline Advisers grew 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 acquiring an additional 1,898 shares during the last quarter. CWM LLC grew its stake in Zumiez by 2,090.1% in the 2nd quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker’s stock valued at $39,000 after acquiring an additional 1,902 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new stake in Zumiez in the 2nd quarter valued at about $42,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZUMZ has been the subject of a number of analyst reports. B. Riley upped their price objective 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. Jefferies Financial Group upped their price objective on shares of Zumiez from $14.00 to $19.00 and gave the stock a “hold” rating in a research report on Friday, June 7th.

Zumiez Stock Up 5.4 %

NASDAQ:ZUMZ opened at $24.48 on Friday. Zumiez has a fifty-two week low of $12.90 and a fifty-two week high of $31.37. The stock has a market cap of $468.55 million, a PE ratio of -7.77 and a beta of 1.25. The firm’s fifty day simple moving average is $24.76 and its 200-day simple moving average is $19.68.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.29. Zumiez had a negative net margin of 6.02% and a negative return on equity of 3.52%. The business had revenue of $210.18 million for the quarter, compared to analysts’ expectations of $201.93 million. During the same period in the prior year, the company posted ($0.44) EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts anticipate 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.