Zumiez Inc. (NASDAQ:ZUMZ) was the target of some unusual options trading on Thursday. Traders acquired 1,645 put options on the company. This represents an increase of approximately 1,356% compared to the average volume of 113 put options.

In other Zumiez news, insider Chris K. Visser sold 1,934 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $28.08, for a total transaction of $54,306.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Travis Smith sold 3,193 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $28.85, for a total value of $92,118.05. Following the transaction, the director now owns 17,770 shares in the company, valued at approximately $512,664.50. The disclosure for this sale can be found here. 27.70% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZUMZ. Principal Financial Group Inc. grew its holdings in shares of Zumiez by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 139,345 shares of the apparel and footwear maker’s stock worth $3,330,000 after purchasing an additional 3,407 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Zumiez during the 2nd quarter worth $107,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Zumiez by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 558,554 shares of the apparel and footwear maker’s stock worth $13,992,000 after purchasing an additional 5,746 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Zumiez by 105.7% during the 2nd quarter. New York State Teachers Retirement System now owns 93,194 shares of the apparel and footwear maker’s stock worth $2,283,000 after purchasing an additional 47,897 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Zumiez by 932.7% during the 2nd quarter. Wells Fargo & Company MN now owns 308,904 shares of the apparel and footwear maker’s stock worth $7,738,000 after purchasing an additional 278,991 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Several research firms have weighed in on ZUMZ. B. Riley lowered their price objective on Zumiez from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday. Pivotal Research reiterated a “buy” rating and set a $28.00 price objective on shares of Zumiez in a research report on Monday. BidaskClub cut Zumiez from a “sell” rating to a “strong sell” rating in a research report on Friday, November 30th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Finally, Jefferies Financial Group began coverage on Zumiez in a research report on Thursday, October 25th. They set a “buy” rating and a $28.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Zumiez currently has a consensus rating of “Hold” and a consensus price target of $27.29.

ZUMZ stock opened at $19.26 on Friday. The firm has a market cap of $490.22 million, a price-to-earnings ratio of 17.51, a PEG ratio of 0.91 and a beta of 1.23. Zumiez has a fifty-two week low of $18.52 and a fifty-two week high of $32.70.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, December 6th. The apparel and footwear maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.06. The firm had revenue of $248.80 million for the quarter, compared to analysts’ expectations of $248.70 million. Zumiez had a return on equity of 9.82% and a net margin of 3.43%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS. On average, sell-side analysts forecast that Zumiez will post 1.69 earnings per share for the current fiscal year.

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Zumiez Company Profile

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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