Zumiez Inc. (NASDAQ:ZUMZ) Stock Position Reduced by Jane Street Group LLC

Jane Street Group LLC cut its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 86.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,613 shares of the apparel and footwear maker's stock after selling 130,811 shares during the quarter. Jane Street Group LLC owned 0.11% of Zumiez worth $395,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Wells Fargo & Company MN increased its stake in Zumiez by 20.6% in the 4th quarter. Wells Fargo & Company MN now owns 9,093 shares of the apparel and footwear maker's stock worth $174,000 after purchasing an additional 1,555 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Zumiez by 11.6% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 46,819 shares of the apparel and footwear maker's stock worth $898,000 after buying an additional 4,880 shares during the period. Northern Trust Corp increased its position in shares of Zumiez by 3.2% in the fourth quarter. Northern Trust Corp now owns 157,666 shares of the apparel and footwear maker's stock worth $3,022,000 after acquiring an additional 4,955 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Zumiez by 37.0% during the fourth quarter. Hsbc Holdings PLC now owns 18,397 shares of the apparel and footwear maker's stock valued at $345,000 after acquiring an additional 4,968 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of 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 valued at $668,000 after acquiring an additional 7,336 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Zumiez Price Performance

Zumiez stock traded down $0.11 during midday trading on Wednesday, reaching $12.58. The stock had a trading volume of 268,962 shares, compared to its average volume of 298,806. Zumiez Inc. has a twelve month low of $11.31 and a twelve month high of $31.37. The firm has a market cap of $246.15 million, a price-to-earnings ratio of -4.89 and a beta of 0.90. The firm's fifty day simple moving average is $12.75 and its two-hundred day simple moving average is $15.78.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last issued its 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 business had revenue of $279.16 million during the quarter, compared to analyst estimates of $276.47 million. During the same period last year, the business earned $0.40 EPS. The business's quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts predict that Zumiez Inc. will post -0.12 EPS for the current fiscal 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.