Zumiez Inc. (NASDAQ:ZUMZ) Shares Sold by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC lowered its holdings in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 63.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,776 shares of the apparel and footwear maker's stock after selling 25,377 shares during the period. Sherbrooke Park Advisers LLC owned about 0.08% of Zumiez worth $283,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zumiez in the fourth quarter worth about $29,000. Point72 Asset Management L.P. acquired a new position in shares of Zumiez in the fourth quarter worth about $140,000. Wells Fargo & Company MN boosted 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 worth $174,000 after buying an additional 1,555 shares during the period. Brandywine Global Investment Management LLC acquired a new position in shares of Zumiez in the fourth quarter worth about $218,000. Finally, Algert Global LLC acquired a new position in shares of Zumiez in the fourth quarter worth about $276,000. Institutional investors and hedge funds own 95.45% of the company's stock.

Zumiez Price Performance

Shares of ZUMZ opened at $13.22 on Tuesday. Zumiez Inc. has a one year low of $11.31 and a one year high of $31.37. The company has a 50-day moving average of $13.26 and a two-hundred day moving average of $16.47. The stock has a market cap of $258.68 million, a price-to-earnings ratio of -5.14 and a beta of 0.93.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced 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 firm had revenue of $279.16 million during the quarter, compared to analyst estimates of $276.47 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The business's quarterly revenue was down .9% compared to the same quarter last year. Analysts anticipate that Zumiez Inc. will post -0.12 earnings per share 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.

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