Geode Capital Management LLC Sells 24,017 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Geode Capital Management LLC decreased its position in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 364,572 shares of the apparel and footwear maker's stock after selling 24,017 shares during the period. Geode Capital Management LLC owned 1.90% of Zumiez worth $6,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC bought a new position in shares of Zumiez in the 4th quarter worth $218,000. Franklin Resources Inc. acquired a new position in Zumiez in the third quarter valued at about $236,000. Virtu Financial LLC bought a new position in Zumiez during the third quarter worth about $423,000. Meeder Asset Management Inc. grew its position in shares of Zumiez by 364.7% during the 4th quarter. Meeder Asset Management Inc. now owns 26,298 shares of the apparel and footwear maker's stock worth $504,000 after buying an additional 20,639 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Zumiez by 26.7% in the 4th quarter. Victory Capital Management Inc. now owns 34,827 shares of the apparel and footwear maker's stock valued at $668,000 after acquiring an additional 7,336 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Zumiez Stock Down 1.9 %

Zumiez stock traded down $0.22 during midday trading on Monday, hitting $11.66. 212,356 shares of the stock were exchanged, compared to its average volume of 297,059. The stock has a market capitalization of $223.39 million, a PE ratio of -4.54 and a beta of 0.99. The company has a fifty day simple moving average of $13.78 and a two-hundred day simple moving average of $17.52. Zumiez Inc. has a 52 week low of $11.42 and a 52 week high of $31.37.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The apparel and footwear maker reported $0.78 earnings per share (EPS) 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 quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. As a group, equities research analysts anticipate 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.