Zumiez Inc. (NASDAQ:ZUMZ) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 51.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,590 shares of the apparel and footwear maker’s stock after acquiring an additional 11,447 shares during the period. Cubist Systematic Strategies LLC owned about 0.18% of Zumiez worth $644,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZUMZ. Wells Fargo & Company MN raised its position in shares of 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 purchasing an additional 1,555 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of Zumiez during the 4th quarter worth approximately $218,000. Algert Global LLC acquired a new position in shares of Zumiez during the 4th quarter worth approximately $276,000. Hsbc Holdings PLC raised its position in shares of Zumiez by 37.0% during the 4th quarter. Hsbc Holdings PLC now owns 18,397 shares of the apparel and footwear maker’s stock worth $345,000 after purchasing an additional 4,968 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Zumiez by 364.7% during the 4th quarter. Meeder Asset Management Inc. now owns 26,298 shares of the apparel and footwear maker’s stock worth $504,000 after purchasing an additional 20,639 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Zumiez Price Performance

Shares of Zumiez stock opened at $13.27 on Friday. The company has a market capitalization of $259.65 million, a P/E ratio of -5.16 and a beta of 0.93. Zumiez Inc. has a 1 year low of $11.31 and a 1 year high of $31.37. The business has a 50 day moving average price of $13.25 and a 200 day moving average price of $16.63.

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