Hedge Funds Lick Wounds: Zumiez Inc. (ZUMZ)

Zumiez Inc. (NASDAQ:ZUMZ) went up to recover about 26.21% since recording its record low price of $17.57. The stock experienced -3.1% slump, arriving at $22.18 on 01/11/2019. During the day, the stock price traveled from $21.81 to $22.9511. This company shares are 11.95% off its target price of $24.83 and the current market capitalization stands at $584.44M. The recent change has given its price a 9.97% lead over SMA 50 and -32.17% deficit over its 52-week high. The stock witnessed 18.55% gains, -7.08% declines and 4.38% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ZUMZ’s volatility during a week at 4.76% and during a month it has been found around 4.37%.

Zumiez Inc. (ZUMZ) Top Holders

Institutional investors currently hold around $479 million or 85.2% in ZUMZ stock. Look at its top three institutional owners. Blackrock Inc. owns $65.31 million in Zumiez Inc., which represents roughly 11.17% of the company’s market cap and approximately 13.63% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 2,199,058 shares of the stock are valued at $48.78 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $47.55 million worth of this stock and that ownership represents nearly 8.14% of its market capitalization.

Zumiez Inc. 13F Filings

At the end of September reporting period, 98 institutional holders increased their position in Zumiez Inc. (NASDAQ:ZUMZ) by some 4,285,436 shares, 65 decreased positions by 2,132,003 and 22 held positions by 15,175,720. That puts total institutional holdings at 21,593,159 shares, according to SEC filings. The stock grabbed 28 new institutional investments totaling 1,290,295 shares while 21 institutional investors sold out their entire positions totaling 913,698 shares.

Zumiez Inc. (NASDAQ:ZUMZ) Insider Trades

Multiple company employees have indulged in significant insider trading. Zumiez Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chief Legal Officer & Sec. Visser Chris K. has sold 1,934 shares of Zumiez Inc. (ZUMZ) in trading session dated Sep. 14, 2018. These shares are worth $54,307 and were traded at $28.08 each. The SEC filing shows that Smith Travis performed a sale of 3,193 shares. The Director disposed these shares by way of transaction on Sep. 11, 2018. The company’s shares were given away at $28.85 per share worth to an income of some $92,118 on account of Smith Travis.

CEO, 10% Owner, Brooks Richard Miles, sold 40,000 common shares of Zumiez Inc. (ZUMZ) in the open market. In a transaction dated Sep. 04, 2018, the shares were put up for sale at an average price of $31.33, raking in a sum of $1,253,200. After this sale, 3,073,024 common shares of ZUMZ are directly owned by the insider, with total stake valued at $68,159,672.

In the transaction dated Sep. 04, 2018, the great number of shares disposed came courtesy the CFO; Work Christopher Codington disposed a total of 5,746 shares at an average price of $32, amounting to approximately $183,872. The insider now directly owns 35,857 shares worth $795,308.

Zumiez Inc. (ZUMZ) Analyst Guide

Several analysts have released their opinion on Zumiez Inc. (NASDAQ:ZUMZ), with 3 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.