JPMorgan Chase & Co. Has $943,000 Position in Zumiez Inc. (NASDAQ:ZUMZ)

JPMorgan Chase & Co. cut its holdings in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 48.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,213 shares of the apparel and footwear maker's stock after selling 46,272 shares during the period. JPMorgan Chase & Co. owned approximately 0.26% of Zumiez worth $943,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. bought a new stake in shares of Zumiez during the 3rd quarter worth about $236,000. Virtu Financial LLC bought a new stake in Zumiez during the third quarter worth approximately $423,000. Victory Capital Management Inc. raised its position in shares of Zumiez by 26.7% in the fourth quarter. Victory Capital Management Inc. now owns 34,827 shares of the apparel and footwear maker's stock valued at $668,000 after purchasing an additional 7,336 shares during the period. Barclays PLC raised its position in shares of Zumiez by 55.6% in the third quarter. Barclays PLC now owns 47,387 shares of the apparel and footwear maker's stock valued at $1,010,000 after purchasing an additional 16,934 shares during the period. Finally, Tieton Capital Management LLC boosted its holdings in shares of Zumiez by 22.7% during the 4th quarter. Tieton Capital Management LLC now owns 256,505 shares of the apparel and footwear maker's stock worth $4,917,000 after buying an additional 47,435 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

Zumiez Price Performance

NASDAQ:ZUMZ traded up $0.37 during midday trading on Friday, reaching $12.03. The stock had a trading volume of 23,657 shares, compared to its average volume of 296,011. The stock has a market capitalization of $235.29 million, a P/E ratio of -4.68 and a beta of 0.99. Zumiez Inc. has a 1-year low of $11.31 and a 1-year high of $31.37. The firm's fifty day simple moving average is $13.55 and its 200-day simple moving average is $17.29.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last issued its quarterly earnings results 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). Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The business had revenue of $279.16 million for the quarter, compared to analyst estimates of $276.47 million. During the same quarter last year, the firm earned $0.40 earnings per share. The firm's quarterly revenue was down .9% compared to the same quarter last year. On average, equities research analysts anticipate that Zumiez Inc. will post -0.12 earnings per share for the current fiscal 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.