How Zumiez Inc. (ZUMZ) Stacks Up Against Its Peers

Now, some big names were breaking ground themselves. Coe Capital Management created the largest position in Zumiez Inc. (NASDAQ:ZUMZ).  Tyvor Capital also made a $1.8 million investment in the stock during the quarter. The other funds with brand new ZUMZ positions are D E Shaw and Benjamin A. Smith’s Laurion Capital Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Zumiez Inc. (NASDAQ:ZUMZ) but similarly valued. We will take a look at Peoples Bancorp Inc. (NASDAQ:PEBO), Sorrentto Therapeutics Inc (NASDAQ:SRNE), Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX), and Oriental Financial Group Inc. (NYSE:OFG). This group of stocks’ market valuations are closest to ZUMZ’s market valuation.

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $51 million. That figure was $15 million in ZUMZ’s case. Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX) is the most popular stock in this table. On the other hand Peoples Bancorp Inc. (NASDAQ:PEBO) is the least popular one with only 4 bullish hedge fund positions. Zumiez Inc. (NASDAQ:ZUMZ) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard PGNX might be a better candidate to consider taking a long position in.