Zumiez Inc. (NASDAQ:ZUMZ) Short Interest Update

Zumiez Inc. (NASDAQ:ZUMZ - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 807,700 shares, an increase of 48.6% from the February 29th total of 543,400 shares. Currently, 5.1% of the shares of the company are short sold. Based on an average trading volume of 194,000 shares, the short-interest ratio is presently 4.2 days.

Zumiez Stock Up 2.6 %

ZUMZ stock traded up $0.39 during mid-day trading on Friday, hitting $15.19. The company had a trading volume of 154,224 shares, compared to its average volume of 257,987. The company has a market capitalization of $301.22 million, a price-to-earnings ratio of -4.67 and a beta of 1.48. Zumiez has a 12-month low of $12.90 and a 12-month high of $21.49. The company has a 50-day moving average price of $16.72 and a 200 day moving average price of $17.51.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its quarterly earnings results on Thursday, March 14th. The apparel and footwear maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.26 by $0.14. The business had revenue of $281.82 million for 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, analysts expect that Zumiez will post -0.11 EPS for the current year.

Institutional Trading of Zumiez

Large investors have recently made changes to their positions in the business. Quarry LP grew its stake in Zumiez by 279.5% in the 2nd quarter. Quarry LP now owns 1,738 shares of the apparel and footwear maker's stock worth $29,000 after acquiring an additional 1,280 shares in the last quarter. Captrust Financial Advisors grew its stake in Zumiez by 946.8% in the 1st quarter. Captrust Financial Advisors now owns 806 shares of the apparel and footwear maker's stock worth $31,000 after acquiring an additional 729 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Zumiez by 6,606.7% in the 4th quarter. Meeder Asset Management Inc. now owns 2,012 shares of the apparel and footwear maker's stock worth $44,000 after acquiring an additional 1,982 shares in the last quarter. Point72 Middle East FZE bought a new position in Zumiez in the 4th quarter worth about $48,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Zumiez by 51.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,251 shares of the apparel and footwear maker's stock worth $66,000 after acquiring an additional 1,108 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ZUMZ. B. Riley lowered their target price on shares of Zumiez from $19.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 20th. StockNews.com upgraded shares of Zumiez from a "sell" rating to a "hold" rating in a research note on Monday, March 18th.

About Zumiez

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company also offers 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.