Zumiez Inc. (NASDAQ:ZUMZ) Position Boosted by Millennium Management LLC

Millennium Management LLC boosted its stake in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 338.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,173 shares of the apparel and footwear maker's stock after purchasing an additional 176,953 shares during the period. Millennium Management LLC owned approximately 1.20% of Zumiez worth $4,393,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. increased its holdings in Zumiez by 1.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 424,217 shares of the apparel and footwear maker's stock valued at $8,132,000 after purchasing an additional 7,943 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in shares of Zumiez during the fourth quarter valued at about $426,000. Fund 1 Investments LLC grew 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 valued at $8,356,000 after acquiring an additional 250,014 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Zumiez by 54.7% during the fourth quarter. Deutsche Bank AG now owns 18,411 shares of the apparel and footwear maker's stock valued at $353,000 after acquiring an additional 6,511 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Zumiez by 51.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 33,590 shares of the apparel and footwear maker's stock valued at $644,000 after acquiring an additional 11,447 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Zumiez Stock Up 4.8%

Shares of Zumiez stock traded up $0.58 during trading hours on Tuesday, hitting $12.69. 236,990 shares of the company's stock traded hands, compared to its average volume of 298,947. The stock has a 50 day simple moving average of $12.79 and a 200-day simple moving average of $15.80. The company has a market cap of $248.31 million, a PE ratio of -4.94 and a beta of 0.93. Zumiez Inc. has a twelve month low of $11.31 and a twelve month high of $31.37.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its earnings results on Thursday, March 13th. The apparel and footwear maker reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $279.16 million for the quarter, compared to analyst estimates of $276.47 million. Zumiez had a negative net margin of 5.60% and a negative return on equity of 2.67%. The firm's revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. As a group, equities research analysts predict that Zumiez Inc. will post -0.12 EPS for the current 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.