Arrowstreet Capital Limited Partnership Acquires 68,676 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Arrowstreet Capital Limited Partnership grew its holdings in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 421,045 shares of the apparel and footwear maker’s stock after buying an additional 68,676 shares during the period. Arrowstreet Capital Limited Partnership owned 2.20% of Zumiez worth $8,071,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZUMZ. BNP Paribas Financial Markets raised its stake in Zumiez by 1,795.0% in the third quarter. BNP Paribas Financial Markets now owns 56,529 shares of the apparel and footwear maker’s stock worth $1,204,000 after buying an additional 53,546 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Zumiez in the 3rd quarter valued at approximately $110,000. Quarry LP boosted its position in shares of 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 in the last quarter. State Street Corp raised its holdings in Zumiez by 37.0% in the third quarter. State Street Corp now owns 477,152 shares of the apparel and footwear maker’s stock worth $10,163,000 after purchasing an additional 128,774 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in Zumiez by 225.4% during the third quarter. Jane Street Group LLC now owns 151,424 shares of the apparel and footwear maker’s stock valued at $3,225,000 after buying an additional 104,892 shares during the period. Institutional investors own 95.45% of the company’s stock.

Zumiez Price Performance

NASDAQ:ZUMZ opened at $13.11 on Monday. The firm’s 50-day moving average price is $14.80 and its 200-day moving average price is $18.56. The company has a market capitalization of $251.17 million, a PE ratio of -5.10 and a beta of 0.99. Zumiez Inc. has a 1-year low of $12.67 and a 1-year high of $31.37.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, March 13th. The apparel and footwear maker reported $0.78 EPS for the quarter, missing the consensus estimate 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 business had revenue of $279.16 million for the quarter, compared to the consensus estimate of $276.47 million. During the same period in the previous year, the firm earned $0.40 EPS. The company’s revenue was down .9% on a year-over-year basis. Equities analysts anticipate that Zumiez Inc. will post -0.12 EPS 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.