Zumiez Inc. (NASDAQ:ZUMZ) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its holdings in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 91.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,547 shares of the apparel and footwear maker's stock after selling 36,215 shares during the period. AlphaQuest LLC's holdings in Zumiez were worth $68,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP grew its position in shares of Zumiez by 315.1% in the third quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker's stock valued at $38,000 after purchasing an additional 1,339 shares during the period. Point72 DIFC Ltd purchased a new stake in Zumiez during the third quarter valued at about $110,000. Meeder Asset Management Inc. grew its position in Zumiez by 362.7% during the third quarter. Meeder Asset Management Inc. now owns 5,659 shares of the apparel and footwear maker's stock valued at $121,000 after acquiring an additional 4,436 shares during the period. Franklin Resources Inc. purchased a new stake in Zumiez during the third quarter valued at about $236,000. Finally, Virtu Financial LLC purchased a new stake in Zumiez during the third quarter valued at about $423,000. Hedge funds and other institutional investors own 95.45% of the company's stock.

Zumiez Price Performance

ZUMZ stock traded down $0.76 during trading on Friday, reaching $14.40. 1,237,157 shares of the stock traded hands, compared to its average volume of 282,832. The business's 50 day moving average price is $15.07 and its 200-day moving average price is $19.26. Zumiez Inc. has a 52-week low of $12.67 and a 52-week high of $31.37. The firm has a market capitalization of $275.89 million, a PE ratio of -5.60 and a beta of 1.23.

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Zumiez (NASDAQ:ZUMZ - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The apparel and footwear maker reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). Zumiez had a negative net margin of 5.60% and a negative return on equity of 2.67%. The firm had revenue of $279.16 million for the quarter, compared to analysts' expectations of $276.47 million. During the same period last year, the firm posted $0.40 EPS. Zumiez's revenue was down .9% on a year-over-year basis. On average, equities research analysts predict that Zumiez Inc. will post -0.12 earnings per share for the current year.

Zumiez Profile

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.