Meeder Asset Management Inc. Buys 20,639 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Meeder Asset Management Inc. grew its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 364.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,298 shares of the apparel and footwear maker’s stock after acquiring an additional 20,639 shares during the period. Meeder Asset Management Inc. owned 0.14% of Zumiez worth $504,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Brandywine Global Investment Management LLC bought a new stake in Zumiez in the 4th quarter valued at $218,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Zumiez by 19.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 421,045 shares of the apparel and footwear maker’s stock valued at $8,071,000 after acquiring an additional 68,676 shares in the last quarter. Tieton Capital Management LLC increased its position in Zumiez by 22.7% during the fourth quarter. Tieton Capital Management LLC now owns 256,505 shares of the apparel and footwear maker’s stock worth $4,917,000 after acquiring an additional 47,435 shares during the period. Vanguard Group Inc. raised its stake in Zumiez by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,046,487 shares of the apparel and footwear maker’s stock worth $20,061,000 after purchasing an additional 10,953 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Zumiez by 26.7% in the 4th 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. Institutional investors own 95.45% of the company’s stock.

Zumiez Trading Up 3.6 %

Shares of ZUMZ opened at $14.89 on Tuesday. The stock has a market capitalization of $285.28 million, a PE ratio of -5.79 and a beta of 1.23. The firm’s 50 day moving average is $14.96 and its 200-day moving average is $18.82. Zumiez Inc. has a 12 month low of $12.67 and a 12 month high of $31.37.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, March 13th. The apparel and footwear maker reported $0.78 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $276.47 million. During the same period in the prior year, the firm earned $0.40 earnings per share. Zumiez’s revenue was down .9% on a year-over-year basis. Equities research analysts predict 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.