JPMorgan Chase & Co. Sells 46,272 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

JPMorgan Chase & Co. cut its position in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 48.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,213 shares of the apparel and footwear maker's stock after selling 46,272 shares during the period. JPMorgan Chase & Co. owned about 0.26% of Zumiez worth $943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ZUMZ. Vanguard Group Inc. lifted its position in shares of Zumiez by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,046,487 shares of the apparel and footwear maker's stock valued at $20,061,000 after acquiring an additional 10,953 shares in the last quarter. Geode Capital Management LLC raised its stake in Zumiez by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 388,589 shares of the apparel and footwear maker's stock valued at $8,279,000 after purchasing an additional 1,195 shares during the period. Tieton Capital Management LLC lifted its holdings in Zumiez by 22.7% in the 4th quarter. Tieton Capital Management LLC now owns 256,505 shares of the apparel and footwear maker's stock worth $4,917,000 after purchasing an additional 47,435 shares in the last quarter. Barclays PLC boosted its stake in Zumiez by 55.6% in the 3rd quarter. Barclays PLC now owns 47,387 shares of the apparel and footwear maker's stock worth $1,010,000 after purchasing an additional 16,934 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in 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 worth $668,000 after purchasing an additional 7,336 shares during the period. 95.45% of the stock is currently owned by institutional investors.

Zumiez Price Performance

Zumiez stock opened at $11.88 on Monday. Zumiez Inc. has a 1 year low of $11.59 and a 1 year high of $31.37. The firm's 50 day moving average price is $13.78 and its 200-day moving average price is $17.52. The stock has a market cap of $227.61 million, a P/E ratio of -4.62 and a beta of 0.99.

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 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 company had revenue of $279.16 million during the quarter, compared to the consensus estimate of $276.47 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The business's revenue was down .9% on a year-over-year basis. As a group, equities analysts expect that Zumiez Inc. will post -0.12 EPS for the current 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.

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