Jacobs Levy Equity Management Inc. Boosts Stock Position in Zumiez Inc. (NASDAQ:ZUMZ)

Jacobs Levy Equity Management Inc. raised its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 1.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 424,217 shares of the apparel and footwear maker’s stock after buying an additional 7,943 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Zumiez were worth $8,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in Zumiez by 20.6% during the 4th quarter. Wells Fargo & Company MN now owns 9,093 shares of the apparel and footwear maker’s stock worth $174,000 after buying an additional 1,555 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Zumiez by 0.4% during the 4th quarter. Ameriprise Financial Inc. now owns 375,422 shares of the apparel and footwear maker’s stock worth $7,197,000 after buying an additional 1,600 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in Zumiez by 11.6% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 46,819 shares of the apparel and footwear maker’s stock worth $898,000 after buying an additional 4,880 shares during the last quarter. Northern Trust Corp grew its stake in Zumiez by 3.2% during the 4th quarter. Northern Trust Corp now owns 157,666 shares of the apparel and footwear maker’s stock valued at $3,022,000 after purchasing an additional 4,955 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in Zumiez by 37.0% during the 4th quarter. Hsbc Holdings PLC now owns 18,397 shares of the apparel and footwear maker’s stock valued at $345,000 after purchasing an additional 4,968 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Zumiez Stock Performance

Zumiez stock opened at $13.36 on Wednesday. The business’s 50-day simple moving average is $13.28 and its two-hundred day simple moving average is $16.72. The company has a market cap of $261.42 million, a PE ratio of -5.20 and a beta of 0.93. Zumiez Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $31.37.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results 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). The firm had revenue of $279.16 million for the quarter, compared to analysts’ expectations of $276.47 million. Zumiez had a negative net margin of 5.60% and a negative return on equity of 2.67%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 EPS. As a group, analysts predict that Zumiez Inc. will post -0.12 EPS 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.