Zumiez Inc. (NASDAQ:ZUMZ) Short Interest Down 16.9% in October

Zumiez Inc. (NASDAQ:ZUMZ - Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 1,180,000 shares, a decline of 16.9% from the September 30th total of 1,420,000 shares. Based on an average daily volume of 320,700 shares, the short-interest ratio is presently 3.7 days. Currently, 7.8% of the company's stock are short sold.

Insider Buying and Selling

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of the firm's stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $21.85, for a total transaction of $71,733.55. Following the sale, the director now owns 15,002 shares of the company's stock, valued at approximately $327,793.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.30% of the company's stock.

Institutional Trading of Zumiez

Several institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC grew its position in shares of Zumiez by 83.2% during the 2nd quarter. Signaturefd LLC now owns 1,480 shares of the apparel and footwear maker's stock valued at $29,000 after buying an additional 672 shares during the last quarter. CWM LLC raised its position in shares of Zumiez by 2,090.1% during the 2nd quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker's stock worth $39,000 after purchasing an additional 1,902 shares during the period. ProShare Advisors LLC bought a new stake in shares of Zumiez in the 2nd quarter worth approximately $42,000. Ariadne Wealth Management LP acquired a new position in Zumiez during the 2nd quarter valued at approximately $54,000. Finally, US Bancorp DE grew its stake in Zumiez by 67,262.5% during the 3rd quarter. US Bancorp DE now owns 5,389 shares of the apparel and footwear maker's stock worth $115,000 after buying an additional 5,381 shares during the last quarter. Institutional investors own 95.45% of the company's stock.

Zumiez Stock Up 0.8 %

Shares of Zumiez stock traded up $0.18 on Monday, hitting $21.78. 212,752 shares of the company's stock traded hands, compared to its average volume of 257,708. The firm's 50-day moving average is $23.83 and its 200 day moving average is $21.18. The stock has a market cap of $416.87 million, a P/E ratio of -7.91 and a beta of 1.23. Zumiez has a 52-week low of $12.90 and a 52-week high of $31.37.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.29. The firm had revenue of $210.18 million during the quarter, compared to analyst estimates of $201.93 million. Zumiez had a negative return on equity of 3.52% and a negative net margin of 6.02%. Zumiez's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.44) earnings per share. Equities research analysts forecast that Zumiez will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their price objective on shares of Zumiez from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, September 6th.

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.