JPMorgan Chase & Co. Raises Stock Holdings in Zumiez Inc. (NASDAQ:ZUMZ)

JPMorgan Chase & Co. lifted its holdings in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 215.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,485 shares of the apparel and footwear maker's stock after purchasing an additional 65,182 shares during the period. JPMorgan Chase & Co. owned about 0.50% of Zumiez worth $2,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of Zumiez by 0.3% during the third quarter. Geode Capital Management LLC now owns 388,589 shares of the apparel and footwear maker's stock worth $8,279,000 after purchasing an additional 1,195 shares in the last quarter. Quarry LP increased its stake in Zumiez by 315.1% during the 3rd quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker's stock worth $38,000 after buying an additional 1,339 shares in the last quarter. CWM LLC raised its holdings in shares of Zumiez by 69.6% during the third quarter. CWM LLC now owns 3,380 shares of the apparel and footwear maker's stock valued at $72,000 after acquiring an additional 1,387 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Zumiez by 7.4% in the second quarter. Rhumbline Advisers now owns 27,550 shares of the apparel and footwear maker's stock valued at $537,000 after acquiring an additional 1,898 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Zumiez in the second quarter worth approximately $42,000. Institutional investors and hedge funds own 95.45% of the company's stock.

Zumiez Trading Up 3.1 %

ZUMZ stock traded up $0.49 during midday trading on Thursday, reaching $16.42. The stock had a trading volume of 213,311 shares, compared to its average volume of 274,855. Zumiez Inc. has a 52-week low of $12.90 and a 52-week high of $31.37. The company's fifty day simple moving average is $19.85 and its 200 day simple moving average is $22.17. The company has a market cap of $314.77 million, a price-to-earnings ratio of -6.35 and a beta of 1.26.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $222.50 million for the quarter, compared to analyst estimates of $222.06 million. Zumiez had a negative net margin of 5.60% and a negative return on equity of 2.67%. Zumiez's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.12) earnings per share. Sell-side analysts predict that Zumiez Inc. will post -0.09 EPS 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.