Zumiez Sees Unusually Large Options Volume (NASDAQ:ZUMZ)

Zumiez Inc. (NASDAQ:ZUMZ – Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 2,503 put options on the company. This represents an increase of approximately 965% compared to the average volume of 235 put options.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th.

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Insider Transactions at Zumiez

In other news, CEO Richard Miles Brooks purchased 74,930 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were purchased at an average cost of $13.57 per share, with a total value of $1,016,800.10. Following the completion of the acquisition, the chief executive officer now owns 2,647,954 shares of the company’s stock, valued at approximately $35,932,735.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Richard Miles Brooks acquired 74,930 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were acquired at an average cost of $13.57 per share, with a total value of $1,016,800.10. Following the completion of the acquisition, the chief executive officer now directly owns 2,647,954 shares in the company, valued at approximately $35,932,735.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Adam Christopher Ellis acquired 10,000 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were bought at an average cost of $14.67 per share, for a total transaction of $146,700.00. Following the completion of the acquisition, the insider now owns 34,393 shares of the company’s stock, valued at $504,545.31. The disclosure for this purchase can be found here. Insiders have acquired 89,930 shares of company stock worth $1,237,850 over the last 90 days. 20.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors raised its stake in Zumiez by 946.8% in the 1st 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 during the last quarter. Meeder Asset Management Inc. grew its position 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 acquiring an additional 1,982 shares in the last quarter. Point72 Middle East FZE purchased a new position in shares of Zumiez during the 4th quarter valued at approximately $48,000. Tower Research Capital LLC TRC boosted its stake in shares of Zumiez by 529.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the apparel and footwear maker’s stock valued at $69,000 after buying an additional 2,713 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new position in Zumiez during the first quarter worth $84,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Zumiez Stock Performance

Zumiez stock opened at $18.33 on Tuesday. Zumiez has a one year low of $13.19 and a one year high of $31.21. The business has a fifty day moving average of $17.27 and a two-hundred day moving average of $18.98. The company has a market cap of $362.55 million, a P/E ratio of 122.20 and a beta of 1.53.

Zumiez (NASDAQ:ZUMZ – Get Free Report) last released its earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.86) by ($0.10). The business had revenue of $182.89 million during the quarter, compared to analyst estimates of $182.61 million. Zumiez had a net margin of 0.33% and a return on equity of 0.78%. Zumiez’s revenue was down 17.1% compared to the same quarter last year. During the same period last year, the business posted ($0.02) EPS. Sell-side analysts predict that Zumiez will post -0.58 EPS for the current year.

About Zumiez

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Zumiez, Inc engages in the retail of apparel, footwear, accessories, and hardgoods for young men and women. It offers hard goods which include skateboards, snowboards, bindings, components, and other equipment under the brand names Zumiez, Blue Tomato, and Fast Times brands. The company was founded by Thomas D.

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