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

Zumiez Inc. (NASDAQ:ZUMZ) was the target of some unusual options trading on Tuesday. Investors bought 3,368 put options on the stock. This is an increase of approximately 3,337% compared to the typical volume of 98 put options.

Zumiez Stock Down 2.3 %

ZUMZ stock opened at $13.80 on Thursday. Zumiez has a twelve month low of $12.90 and a twelve month high of $21.49. The business has a 50 day moving average price of $15.86 and a two-hundred day moving average price of $17.25. The company 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 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.14. The business had revenue of $281.82 million during 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 anticipate that Zumiez will post -0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on ZUMZ. B. Riley decreased their target price on Zumiez from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, March 20th. StockNews.com raised Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, April 12th.

Insider Activity at Zumiez

In related news, insider Adam Christopher Ellis bought 10,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 57,917 shares of the company’s stock, valued at $828,792.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 20.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zumiez

Institutional investors have recently made changes to their positions in the stock. Quarry LP boosted its position in shares of Zumiez by 279.5% during the 2nd quarter. Quarry LP now owns 1,738 shares of the apparel and footwear maker’s stock valued at $29,000 after purchasing an additional 1,280 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of 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 purchasing an additional 729 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of 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 purchasing an additional 1,982 shares in the last quarter. Point72 Middle East FZE bought a new stake in Zumiez during the fourth quarter worth $48,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Zumiez by 51.7% during the fourth 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 during the period. Institutional investors own 95.45% of the company’s stock.

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.