Towle & Co. reduced its position in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 458,418 shares of the apparel and footwear maker's stock after selling 97,805 shares during the quarter. Towle & Co. owned 2.39% of Zumiez worth $8,788,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently 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 $29,000. Point72 Asset Management L.P. acquired a new position in shares of Zumiez in the fourth quarter valued at $140,000. Wells Fargo & Company MN increased its holdings in shares of Zumiez by 20.6% in 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 last quarter. State of Wyoming increased its holdings in shares of Zumiez by 52.5% in 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 last quarter. Finally, Brandywine Global Investment Management LLC acquired a new position in shares of Zumiez in the fourth quarter valued at $218,000. 95.45% of the stock is owned by institutional investors.
Zumiez Stock Performance
Shares of ZUMZ stock traded down $0.44 on Friday, hitting $11.91. The company's stock had a trading volume of 227,840 shares, compared to its average volume of 298,057. The stock's 50 day moving average is $13.14 and its 200-day moving average is $16.31. Zumiez Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $31.37. The company has a market capitalization of $233.04 million, a PE ratio of -4.63 and a beta of 0.93.
Zumiez (NASDAQ:ZUMZ - Get Free Report) last released 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 net margin of 5.60% and a negative return on equity of 2.67%. The business had revenue of $279.16 million during the quarter, compared to analyst estimates of $276.47 million. During the same quarter last year, the company posted $0.40 earnings per share. The company's revenue was down .9% on a year-over-year basis. On average, research analysts forecast that Zumiez Inc. will post -0.12 earnings per share for the current 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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