Zumiez Inc. (NASDAQ:ZUMZ) Short Interest Update

Zumiez Inc. (NASDAQ:ZUMZ - Get Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 946,900 shares, a drop of 21.1% from the March 15th total of 1,200,000 shares. Based on an average daily trading volume, of 333,900 shares, the short-interest ratio is currently 2.8 days. Approximately 6.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Zumiez

Several hedge funds have recently added to or reduced their stakes in ZUMZ. Vanguard Group Inc. raised its holdings in shares of Zumiez by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,046,487 shares of the apparel and footwear maker's stock valued at $20,061,000 after buying an additional 10,953 shares in the last quarter. Divisar Capital Management LLC raised its stake in shares of Zumiez by 33.2% during the fourth quarter. Divisar Capital Management LLC now owns 691,879 shares of the apparel and footwear maker's stock worth $13,263,000 after acquiring an additional 172,362 shares in the last quarter. 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. Fund 1 Investments LLC boosted its stake in shares of Zumiez by 134.5% in the 4th quarter. Fund 1 Investments LLC now owns 435,905 shares of the apparel and footwear maker's stock valued at $8,356,000 after purchasing an additional 250,014 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Zumiez by 1.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 424,217 shares of the apparel and footwear maker's stock valued at $8,132,000 after purchasing an additional 7,943 shares during the last quarter. Institutional investors own 95.45% of the company's stock.

Zumiez Stock Performance

Zumiez stock traded down $0.13 during midday trading on Wednesday, hitting $11.84. 324,538 shares of the company's stock were exchanged, compared to its average volume of 297,660. The company has a market cap of $226.84 million, a P/E ratio of -4.61 and a beta of 0.99. The stock has a 50-day moving average price of $13.91 and a two-hundred day moving average price of $17.71. Zumiez has a 52-week low of $11.59 and a 52-week high of $31.37.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The apparel and footwear maker reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $279.16 million for the quarter, compared to analysts' expectations of $276.47 million. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The firm's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. As a group, sell-side analysts expect that Zumiez will post -0.12 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.