Zumiez Target of Unusually High Options Trading (NASDAQ:ZUMZ)

Zumiez Inc. (NASDAQ:ZUMZ) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 3,368 put options on the stock. This is an increase of 3,337% compared to the average daily volume of 98 put options.

Zumiez Stock Performance

NASDAQ:ZUMZ opened at $13.80 on Thursday. Zumiez has a one year low of $12.90 and a one year high of $21.49. The business’s 50-day simple moving average is $15.86 and its 200 day simple moving average is $17.25. The stock has a market cap of $273.70 million, a price-to-earnings ratio of -4.25 and a beta of 1.46.

Zumiez (NASDAQ:ZUMZ) last released 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 return on equity of 5.70% and a negative net margin of 7.15%. On average, equities research analysts predict that Zumiez will post -0.17 EPS for the current year.

Insider Buying and Selling

In other news, insider Adam Christopher Ellis acquired 10,000 shares of Zumiez stock in a transaction that occurred on Thursday, April 4th. The stock was purchased at an average cost of $14.31 per share, with a total value of $143,100.00. Following the completion of the acquisition, the insider now owns 57,917 shares in the company, valued at approximately $828,792.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 20.20% of the stock is currently owned by insiders.

Institutional Trading of Zumiez

Several hedge funds and other institutional investors have recently bought and sold shares of ZUMZ. Quarry LP increased its holdings in Zumiez by 279.5% in the second quarter. Quarry LP now owns 1,738 shares of the apparel and footwear maker’s stock valued at $29,000 after buying an additional 1,280 shares during the last quarter. Captrust Financial Advisors increased its holdings in Zumiez by 946.8% in the first quarter. Captrust Financial Advisors now owns 806 shares of the apparel and footwear maker’s stock valued at $31,000 after buying an additional 729 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Zumiez by 6,606.7% in the fourth quarter. Meeder Asset Management Inc. now owns 2,012 shares of the apparel and footwear maker’s stock valued at $44,000 after buying an additional 1,982 shares during the last quarter. Point72 Middle East FZE bought a new stake in Zumiez in the fourth quarter valued at about $48,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Zumiez by 51.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,251 shares of the apparel and footwear maker’s stock valued at $66,000 after buying an additional 1,108 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com raised Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. B. Riley reduced their price objective on Zumiez from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 20th.

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.