Massachusetts Financial Services Co. MA Cuts Stock Position in Zumiez Inc. (NASDAQ:ZUMZ)

Massachusetts Financial Services Co. MA trimmed its position in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 938,040 shares of the apparel and footwear maker's stock after selling 46,693 shares during the quarter. Massachusetts Financial Services Co. MA owned 4.89% of Zumiez worth $17,982,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ZUMZ. BNP Paribas Financial Markets boosted 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 valued at $1,204,000 after buying an additional 53,546 shares during the period. Point72 DIFC Ltd purchased a new position in Zumiez in the 3rd quarter worth about $110,000. Quarry LP lifted its holdings in Zumiez by 315.1% during the 3rd quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker's stock valued at $38,000 after buying an additional 1,339 shares in the last quarter. State Street Corp grew its stake in Zumiez by 37.0% in the 3rd quarter. State Street Corp now owns 477,152 shares of the apparel and footwear maker's stock worth $10,163,000 after acquiring an additional 128,774 shares in the last quarter. Finally, Jane Street Group LLC raised its stake 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 acquiring an additional 104,892 shares in the last quarter. Hedge funds and other institutional investors own 95.45% of the company's stock.

Zumiez Stock Performance

ZUMZ traded down $0.14 during trading on Friday, hitting $13.38. 340,734 shares of the stock were exchanged, compared to its average volume of 297,883. The firm has a 50 day simple moving average of $14.42 and a 200 day simple moving average of $18.17. The firm has a market cap of $256.35 million, a price-to-earnings ratio of -5.21 and a beta of 0.99. Zumiez Inc. has a 1 year low of $11.97 and a 1 year high of $31.37.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The apparel and footwear maker reported $0.78 EPS for the quarter, missing the consensus estimate 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 business 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 EPS. The company's revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts anticipate that Zumiez Inc. will post -0.12 earnings per share for the current fiscal 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.