Graham Capital Management L.P. Purchases New Position in Zumiez Inc. (NASDAQ:ZUMZ)

Graham Capital Management L.P. bought a new position in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,203 shares of the apparel and footwear maker's stock, valued at approximately $426,000. Graham Capital Management L.P. owned about 0.12% of Zumiez at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ZUMZ. Fund 1 Investments LLC lifted its stake in shares of Zumiez by 134.5% during the fourth quarter. Fund 1 Investments LLC now owns 435,905 shares of the apparel and footwear maker's stock worth $8,356,000 after buying an additional 250,014 shares during the period. Divisar Capital Management LLC raised its stake in Zumiez by 33.2% in the 4th quarter. Divisar Capital Management LLC now owns 691,879 shares of the apparel and footwear maker's stock worth $13,263,000 after acquiring an additional 172,362 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Zumiez by 19.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 421,045 shares of the apparel and footwear maker's stock worth $8,071,000 after acquiring an additional 68,676 shares during the period. JPMorgan Chase & Co. lifted its position in Zumiez by 215.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,485 shares of the apparel and footwear maker's stock worth $2,034,000 after acquiring an additional 65,182 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in Zumiez by 104.1% during the 4th quarter. BNP Paribas Financial Markets now owns 115,377 shares of the apparel and footwear maker's stock valued at $2,212,000 after purchasing an additional 58,848 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Zumiez Stock Down 7.1%

Shares of NASDAQ:ZUMZ traded down $0.93 during trading on Wednesday, hitting $12.10. The stock had a trading volume of 177,193 shares, compared to its average volume of 297,441. Zumiez Inc. has a 12-month low of $11.31 and a 12-month high of $31.37. The stock has a market capitalization of $236.76 million, a price-to-earnings ratio of -4.71 and a beta of 0.93. The stock has a 50-day simple moving average of $13.26 and a two-hundred day simple moving average of $16.45.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last posted 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). The business had revenue of $279.16 million for the quarter, compared to analysts' expectations of $276.47 million. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. As a group, sell-side analysts forecast that Zumiez Inc. will post -0.12 earnings per share 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.