Zumiez Inc. (NASDAQ:ZUMZ) Holdings Cut by Corebridge Financial Inc.

Corebridge Financial Inc. reduced its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,702 shares of the apparel and footwear maker’s stock after selling 1,078 shares during the period. Corebridge Financial Inc.’s holdings in Zumiez were worth $148,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new position in Zumiez during the 3rd quarter valued at approximately $236,000. Virtu Financial LLC acquired a new stake in shares of Zumiez in the 3rd quarter worth about $423,000. Y Intercept Hong Kong Ltd bought a new stake in Zumiez in the 3rd quarter valued at about $442,000. Victory Capital Management Inc. boosted its stake in Zumiez by 26.7% during 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. Finally, Public Employees Retirement System of Ohio grew its position in Zumiez by 32.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 36,841 shares of the apparel and footwear maker’s stock worth $785,000 after purchasing an additional 9,124 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

Zumiez Trading Up 0.6 %

Shares of NASDAQ:ZUMZ opened at $13.46 on Tuesday. The firm’s 50 day moving average is $14.37 and its two-hundred day moving average is $18.09. The firm has a market capitalization of $257.88 million, a P/E ratio of -5.24 and a beta of 0.99. Zumiez Inc. has a 52 week low of $11.97 and a 52 week high of $31.37.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results 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 net margin of 5.60% and a negative return on equity of 2.67%. The business had revenue of $279.16 million during the quarter, compared to analyst estimates of $276.47 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. Analysts predict 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.