Royce & Associates LP Decreases Stake in Zumiez Inc. (NASDAQ:ZUMZ)

Royce & Associates LP reduced its position in Zumiez Inc. (NASDAQ:ZUMZ) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,837 shares of the apparel and footwear maker’s stock after selling 27,163 shares during the period. Royce & Associates LP’s holdings in Zumiez were worth $2,892,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Zumiez by 0.3% in the third quarter. Geode Capital Management LLC now owns 388,589 shares of the apparel and footwear maker’s stock worth $8,279,000 after buying an additional 1,195 shares in the last quarter. Quarry LP lifted its position in shares of Zumiez by 315.1% in the third quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker’s stock worth $38,000 after buying an additional 1,339 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Zumiez by 362.7% in the third quarter. Meeder Asset Management Inc. now owns 5,659 shares of the apparel and footwear maker’s stock worth $121,000 after buying an additional 4,436 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Zumiez in the third quarter worth about $110,000. Finally, Victory Capital Management Inc. lifted 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 worth $668,000 after buying an additional 7,336 shares in the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Zumiez Trading Up 4.5 %

NASDAQ:ZUMZ opened at $14.97 on Thursday. The company has a market capitalization of $287.02 million, a P/E ratio of -5.82 and a beta of 1.23. Zumiez Inc. has a 12 month low of $12.67 and a 12 month high of $31.37. The business’s 50-day moving average is $15.23 and its 200 day moving average is $19.44.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, March 13th. The apparel and footwear maker reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $279.16 million for the quarter, compared to analysts’ expectations of $276.47 million. During the same quarter last year, the company earned $0.40 earnings per share. The company’s revenue for the quarter 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.

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.