Arrowstreet Capital Limited Partnership Boosts Stock Position in Zumiez Inc. (NASDAQ:ZUMZ)

Arrowstreet Capital Limited Partnership increased its holdings in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 19.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 421,045 shares of the apparel and footwear maker's stock after buying an additional 68,676 shares during the period. Arrowstreet Capital Limited Partnership owned about 2.20% of Zumiez worth $8,071,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ZUMZ. BNP Paribas Financial Markets increased its holdings in shares of Zumiez by 1,795.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 56,529 shares of the apparel and footwear maker's stock valued at $1,204,000 after acquiring an additional 53,546 shares during the period. Point72 DIFC Ltd purchased a new position in Zumiez in the third quarter valued at about $110,000. Quarry LP grew its stake in 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 last quarter. State Street Corp raised its holdings in Zumiez by 37.0% in the third quarter. State Street Corp now owns 477,152 shares of the apparel and footwear maker's stock worth $10,163,000 after purchasing an additional 128,774 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Zumiez by 225.4% during the third quarter. Jane Street Group LLC now owns 151,424 shares of the apparel and footwear maker's stock valued at $3,225,000 after buying an additional 104,892 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company's stock.

Zumiez Trading Down 1.0 %

Shares of NASDAQ:ZUMZ traded down $0.14 during trading on Friday, reaching $13.38. The stock had a trading volume of 340,734 shares, compared to its average volume of 297,883. The company has a market capitalization of $256.35 million, a P/E ratio of -5.21 and a beta of 0.99. The firm's 50-day simple moving average is $14.42 and its 200 day simple moving average is $18.17. Zumiez Inc. has a one year low of $11.97 and a one year high of $31.37.

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

Zumiez Company 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.