Charles Schwab Investment Management Inc. Sells 102,455 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Charles Schwab Investment Management Inc. lowered its position in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 31.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,125 shares of the apparel and footwear maker's stock after selling 102,455 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.17% of Zumiez worth $4,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Zumiez by 190.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,845 shares of the apparel and footwear maker's stock valued at $700,000 after purchasing an additional 21,539 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Zumiez in the third quarter valued at about $893,000. BNP Paribas Financial Markets raised its position in shares of Zumiez by 1,795.0% during the third quarter. BNP Paribas Financial Markets now owns 56,529 shares of the apparel and footwear maker's stock worth $1,204,000 after acquiring an additional 53,546 shares during the last quarter. Maverick Capital Ltd. acquired a new position in shares of Zumiez in the third quarter worth approximately $1,692,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Zumiez by 42.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 416,274 shares of the apparel and footwear maker's stock valued at $8,867,000 after acquiring an additional 123,047 shares during the last quarter. Institutional investors own 95.45% of the company's stock.

Zumiez Trading Down 6.0 %

NASDAQ:ZUMZ traded down $0.92 on Friday, reaching $14.37. 409,407 shares of the stock traded hands, compared to its average volume of 289,436. The firm has a market capitalization of $275.31 million, a price-to-earnings ratio of -5.59 and a beta of 1.23. Zumiez Inc. has a 1-year low of $12.67 and a 1-year high of $31.37. The company's 50 day moving average is $14.98 and its 200-day moving average is $18.88.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $276.47 million. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 earnings per share. On average, equities research analysts forecast that Zumiez Inc. will post -0.12 EPS for the current fiscal year.

About Zumiez

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.