Zumiez Inc. (NASDAQ:ZUMZ) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP decreased its holdings in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 56.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,472 shares of the apparel and footwear maker's stock after selling 54,558 shares during the quarter. Two Sigma Investments LP owned approximately 0.22% of Zumiez worth $795,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. State of Wyoming increased its holdings in 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 buying an additional 3,464 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zumiez in the fourth quarter valued at about $29,000. Point72 Asset Management L.P. bought a new stake in Zumiez in the fourth quarter valued at about $140,000. Man Group plc increased its holdings in Zumiez by 33.7% in the fourth quarter. Man Group plc now owns 83,572 shares of the apparel and footwear maker's stock valued at $1,602,000 after buying an additional 21,082 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Zumiez by 338.9% in the fourth quarter. Millennium Management LLC now owns 229,173 shares of the apparel and footwear maker's stock valued at $4,393,000 after buying an additional 176,953 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Zumiez Stock Down 10.0%

Shares of Zumiez stock opened at $11.58 on Friday. The firm has a market cap of $226.59 million, a P/E ratio of -4.51 and a beta of 0.90. Zumiez Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $31.37. The business has a 50-day moving average price of $12.65 and a 200 day moving average price of $15.62.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last posted its earnings results on Thursday, June 5th. The apparel and footwear maker reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.02). Zumiez had a negative net margin of 5.60% and a negative return on equity of 2.67%. The company had revenue of $184.34 million for the quarter, compared to the consensus estimate of $182.23 million. During the same period last year, the company posted ($0.86) earnings per share. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Zumiez Inc. will post -0.12 earnings per share for the current year.

Zumiez announced that its Board of Directors has initiated a stock repurchase program on Thursday, June 5th that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the apparel and footwear maker to purchase up to 6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

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.

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