Trexquant Investment LP Sells 19,842 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Trexquant Investment LP cut its position in Zumiez Inc. (NASDAQ:ZUMZ) by 32.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 41,720 shares of the apparel and footwear maker’s stock after selling 19,842 shares during the quarter. Trexquant Investment LP’s holdings in Zumiez were worth $800,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC grew its position in Zumiez by 225.4% in the 3rd quarter. Jane Street Group LLC now owns 151,424 shares of the apparel and footwear maker’s stock worth $3,225,000 after purchasing an additional 104,892 shares during the period. State Street Corp boosted its stake in shares of Zumiez by 37.0% in the 3rd quarter. State Street Corp now owns 477,152 shares of the apparel and footwear maker’s stock worth $10,163,000 after buying an additional 128,774 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Zumiez by 215.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,485 shares of the apparel and footwear maker’s stock worth $2,034,000 after buying an additional 65,182 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Zumiez in the third quarter worth $236,000. Finally, Barclays PLC increased its position in Zumiez by 55.6% during the third quarter. Barclays PLC now owns 47,387 shares of the apparel and footwear maker’s stock valued at $1,010,000 after acquiring an additional 16,934 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

Zumiez Stock Down 1.0 %

NASDAQ ZUMZ opened at $13.38 on Friday. The company has a 50-day moving average price of $14.42 and a 200-day moving average price of $18.17. Zumiez Inc. has a 52 week low of $11.97 and a 52 week high of $31.37. The firm has a market capitalization of $256.35 million, a P/E ratio of -5.21 and a beta of 0.99.

Zumiez (NASDAQ:ZUMZ) 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 company had revenue of $279.16 million during the quarter, compared to analysts’ expectations of $276.47 million. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities research analysts anticipate that Zumiez Inc. will post -0.12 EPS 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.