Meeder Asset Management Inc. increased its position in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 364.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,298 shares of the apparel and footwear maker's stock after buying an additional 20,639 shares during the period. Meeder Asset Management Inc. owned about 0.14% of Zumiez worth $504,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in ZUMZ. Quarry LP lifted its stake in shares of 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 purchasing an additional 1,339 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Zumiez during the third quarter valued at about $110,000. Brandywine Global Investment Management LLC acquired a new stake in Zumiez in the 4th quarter worth approximately $218,000. Franklin Resources Inc. acquired a new stake in Zumiez in the 3rd quarter worth approximately $236,000. Finally, Virtu Financial LLC purchased a new stake in Zumiez during the 3rd quarter worth approximately $423,000. 95.45% of the stock is owned by hedge funds and other institutional investors.
Zumiez Trading Down 4.3 %
Shares of NASDAQ ZUMZ traded down $0.59 during midday trading on Friday, reaching $13.11. The company had a trading volume of 805,164 shares, compared to its average volume of 294,925. The stock has a market cap of $251.17 million, a P/E ratio of -5.10 and a beta of 0.99. Zumiez Inc. has a 1 year low of $12.67 and a 1 year high of $31.37. The business's 50-day simple moving average is $14.80 and its 200 day simple moving average is $18.60.
Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The apparel and footwear maker reported $0.78 earnings per share 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 firm had revenue of $279.16 million during the quarter, compared to analyst estimates of $276.47 million. During the same period in the prior year, the company posted $0.40 earnings per share. The firm's revenue for the quarter was down .9% on a year-over-year basis. Analysts predict that Zumiez Inc. will post -0.12 earnings per share for the current year.
Zumiez Company Profile
(
Free Report)
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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