D. E. Shaw & Co. Inc. lowered its position in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,478 shares of the apparel and footwear maker's stock after selling 123,292 shares during the quarter. D. E. Shaw & Co. Inc. owned 1.00% of Zumiez worth $3,671,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in ZUMZ. Wells Fargo & Company MN increased its position 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 acquiring an additional 1,555 shares during the last quarter. Brandywine Global Investment Management LLC bought a new position in Zumiez in the fourth quarter valued at approximately $218,000. Algert Global LLC acquired a new position in shares of Zumiez during the 4th quarter worth approximately $276,000. Hsbc Holdings PLC raised its stake in shares of Zumiez by 37.0% during the 4th quarter. Hsbc Holdings PLC now owns 18,397 shares of the apparel and footwear maker's stock worth $345,000 after purchasing an additional 4,968 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Zumiez by 364.7% in the 4th quarter. Meeder Asset Management Inc. now owns 26,298 shares of the apparel and footwear maker's stock valued at $504,000 after buying an additional 20,639 shares during the last quarter. 95.45% of the stock is owned by institutional investors.
Zumiez Stock Up 2.1%
Shares of NASDAQ:ZUMZ traded up $0.25 during midday trading on Thursday, hitting $12.35. The stock had a trading volume of 175,117 shares, compared to its average volume of 297,772. The company has a market cap of $241.65 million, a P/E ratio of -4.81 and a beta of 0.93. Zumiez Inc. has a 12 month low of $11.31 and a 12 month high of $31.37. The business's 50-day simple moving average is $13.23 and its 200-day simple moving average is $16.42.
Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The apparel and footwear maker reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). The firm had revenue of $279.16 million during 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 business's revenue was down .9% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. As a group, equities analysts predict that Zumiez Inc. will post -0.12 earnings per share for the current year.
Zumiez Profile
(
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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