This afternoon we watched Zumiez drop -12.9% to a price of $13.47 per share. The small-cap Apparel Retail company is now trading -13.1% below its average target price of $15.5. Analysts have set target prices ranging from $15.0 to $16.0 per share for Zumiez, and have given the stock an average rating of hold.
The stock has an unusually large proportion of its shares sold short at 16.9%, and a short ratio of 8.25. 19.13% of the corporation's outstanding shares are owned by its managers and directors, indicating a strong degree of alignment between their interests and those of other shareholders. Finally, we also note that a significant number of institutional investors are invested in the stock, with 95.0% of Zumiez's shares being owned by this investor type.
Institutions Invested in Zumiez
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Blackrock Inc. | 14% | 2,842,047 | $38,282,373 |
| 2023-03-31 | Thrivent Financial For Lutherans | 9% | 1,723,880 | $23,220,664 |
| 2023-03-31 | Dimensional Fund Advisors LP | 8% | 1,638,151 | $22,065,894 |
| 2023-03-31 | Massachusetts Financial Services Co. | 7% | 1,474,614 | $19,863,050 |
| 2023-03-31 | Vanguard Group, Inc. (The) | 7% | 1,427,150 | $19,223,710 |
| 2023-03-31 | State Street Corporation | 4% | 811,215 | $10,927,066 |
| 2023-03-31 | Fort Washington Investment Advisors, Inc. | 3% | 539,035 | $7,260,801 |
| 2023-03-31 | Divisar Capital Management LLC | 3% | 510,119 | $6,871,303 |
| 2023-03-31 | JP Morgan Chase & Company | 2% | 330,622 | $4,453,478 |
| 2023-03-31 | Charles Schwab Investment Management, Inc. | 2% | 317,767 | $4,280,321 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Zumiez.
