Towle & Co. Trims Stake in Zumiez Inc. (NASDAQ:ZUMZ)

Towle & Co. lessened its position in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 458,418 shares of the apparel and footwear maker's stock after selling 97,805 shares during the period. Towle & Co. owned 2.39% of Zumiez worth $8,788,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zumiez during the fourth quarter worth about $29,000. Point72 Asset Management L.P. bought a new position in shares of Zumiez in the fourth quarter worth approximately $140,000. Wells Fargo & Company MN lifted its position in Zumiez by 20.6% during the fourth quarter. Wells Fargo & Company MN now owns 9,093 shares of the apparel and footwear maker's stock valued at $174,000 after purchasing an additional 1,555 shares during the period. State of Wyoming lifted its position in Zumiez by 52.5% during the fourth quarter. State of Wyoming now owns 10,067 shares of the apparel and footwear maker's stock valued at $193,000 after purchasing an additional 3,464 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new position in Zumiez during the fourth quarter valued at approximately $218,000. Institutional investors own 95.45% of the company's stock.

Zumiez Price Performance

Zumiez stock traded up $0.25 during midday trading on Thursday, reaching $12.35. 175,117 shares of the company traded hands, compared to its average volume of 297,697. The firm has a market capitalization of $241.65 million, a price-to-earnings ratio of -4.81 and a beta of 0.93. The business has a 50 day moving average of $13.23 and a two-hundred day moving average of $16.42. Zumiez Inc. has a 12 month low of $11.31 and a 12 month high of $31.37.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last issued 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). The company had revenue of $279.16 million for the quarter, compared to the consensus estimate 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 for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. As a group, equities analysts forecast that Zumiez Inc. will post -0.12 EPS for the current year.

Zumiez Company 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.