Royce & Associates LP Trims Position in Zumiez Inc. (NASDAQ:ZUMZ)

Royce & Associates LP lessened its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 15.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 150,837 shares of the apparel and footwear maker’s stock after selling 27,163 shares during the period. Royce & Associates LP owned 0.79% of Zumiez worth $2,892,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Quarry LP grew its holdings in Zumiez by 315.1% during the third quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker’s stock valued at $38,000 after purchasing an additional 1,339 shares during the period. Point72 DIFC Ltd bought a new stake in Zumiez during the third quarter valued at about $110,000. Meeder Asset Management Inc. grew its holdings in Zumiez by 362.7% during the third quarter. Meeder Asset Management Inc. now owns 5,659 shares of the apparel and footwear maker’s stock valued at $121,000 after purchasing an additional 4,436 shares during the period. Franklin Resources Inc. bought a new stake in Zumiez during the third quarter valued at about $236,000. Finally, Virtu Financial LLC bought a new stake in Zumiez during the third quarter valued at about $423,000. Institutional investors own 95.45% of the company’s stock.

Zumiez Stock Performance

NASDAQ:ZUMZ opened at $14.97 on Thursday. The firm has a market capitalization of $287.02 million, a PE ratio of -5.82 and a beta of 1.23. The stock has a 50-day simple moving average of $15.23 and a two-hundred day simple moving average of $19.44. Zumiez Inc. has a 52-week low of $12.67 and a 52-week high of $31.37.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, March 13th. The apparel and footwear maker reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The business had revenue of $279.16 million during the quarter, compared to the consensus estimate of $276.47 million. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The business’s revenue was down .9% on a year-over-year basis. During the same period last year, the company earned $0.40 EPS. Equities analysts forecast that Zumiez Inc. will post -0.12 earnings per share for the current fiscal 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.