Meeder Asset Management Inc. raised its position in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 364.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,298 shares of the apparel and footwear maker's stock after acquiring an additional 20,639 shares during the quarter. Meeder Asset Management Inc. owned approximately 0.14% of Zumiez worth $504,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP increased its position in shares of Zumiez by 315.1% during the third quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker's stock worth $38,000 after acquiring an additional 1,339 shares during the period. Point72 DIFC Ltd acquired a new position in Zumiez during the 3rd quarter worth $110,000. Brandywine Global Investment Management LLC purchased a new stake in Zumiez during the 4th quarter worth about $218,000. Franklin Resources Inc. acquired a new stake in Zumiez in the 3rd quarter valued at about $236,000. Finally, Virtu Financial LLC acquired a new stake in Zumiez in the 3rd quarter valued at about $423,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.
Zumiez Price Performance
Shares of Zumiez stock traded down $1.60 on Thursday, reaching $13.70. 464,579 shares of the company were exchanged, compared to its average volume of 291,136. The stock's 50 day moving average price is $14.93 and its 200-day moving average price is $18.73. Zumiez Inc. has a 1-year low of $12.67 and a 1-year high of $31.37. The company has a market cap of $262.48 million, a P/E ratio of -5.33 and a beta of 1.23.
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 return on equity of 2.67% and a negative net margin of 5.60%. The firm had revenue of $279.16 million for the quarter, compared to analyst estimates of $276.47 million. During the same quarter last year, the firm earned $0.40 EPS. The company's revenue was down .9% on a year-over-year basis. On average, research analysts predict that Zumiez Inc. will post -0.12 earnings per share for the current fiscal year.
About Zumiez
(
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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