Investors Purchase High Volume of Put Options on Zumiez (NASDAQ:ZUMZ)

Zumiez Inc. (NASDAQ:ZUMZ - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 3,368 put options on the stock. This is an increase of approximately 3,337% compared to the average daily volume of 98 put options.

Wall Street Analyst Weigh In

Several research firms have issued reports on ZUMZ. StockNews.com raised shares of Zumiez from a "sell" rating to a "hold" rating in a report on Friday. B. Riley dropped their price objective on shares of Zumiez from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, March 20th.

Zumiez Trading Down 1.2 %

Shares of Zumiez stock traded down $0.17 during trading hours on Tuesday, reaching $14.12. The stock had a trading volume of 240,941 shares, compared to its average volume of 199,305. Zumiez has a twelve month low of $12.90 and a twelve month high of $21.49. The stock's 50 day moving average is $15.93 and its 200 day moving average is $17.28. The firm has a market capitalization of $280.00 million, a PE ratio of -4.34 and a beta of 1.46.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last released its quarterly earnings results 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. Zumiez had a negative net margin of 7.15% and a negative return on equity of 5.70%. The firm had revenue of $281.82 million during the quarter, compared to the consensus estimate of $275.98 million. As a group, sell-side analysts predict that Zumiez will post -0.17 earnings per share for the current year.

Insider Activity

In related news, insider Adam Christopher Ellis purchased 10,000 shares of the firm's stock in a transaction dated Thursday, April 4th. The stock was purchased at an average price of $14.31 per share, with a total value of $143,100.00. Following the completion of the purchase, the insider now owns 57,917 shares of the company's stock, valued at approximately $828,792.27. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 20.20% of the company's stock.

Institutional Trading of Zumiez

Large investors have recently bought and sold shares of the business. Mutual Advisors LLC purchased a new stake in Zumiez during the 3rd quarter valued at about $663,000. Hsbc Holdings PLC purchased a new stake in shares of Zumiez in the 3rd quarter valued at approximately $300,000. Dark Forest Capital Management LP grew its stake in shares of Zumiez by 487.5% in the 3rd quarter. Dark Forest Capital Management LP now owns 62,536 shares of the apparel and footwear maker's stock valued at $1,113,000 after buying an additional 51,891 shares during the period. PEAK6 Investments LLC grew its stake in shares of Zumiez by 23.7% in the 3rd quarter. PEAK6 Investments LLC now owns 16,083 shares of the apparel and footwear maker's stock valued at $286,000 after buying an additional 3,080 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Zumiez by 206.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 136,310 shares of the apparel and footwear maker's stock valued at $2,426,000 after buying an additional 91,786 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.