Russell Investments Group Ltd. Sells 17,453 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Russell Investments Group Ltd. trimmed its position in Zumiez Inc. (NASDAQ:ZUMZ) by 44.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,871 shares of the apparel and footwear maker’s stock after selling 17,453 shares during the period. Russell Investments Group Ltd. owned approximately 0.11% of Zumiez worth $419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ZUMZ. State Street Corp lifted its stake in Zumiez by 37.0% in the 3rd quarter. State Street Corp now owns 477,152 shares of the apparel and footwear maker’s stock valued at $10,163,000 after acquiring an additional 128,774 shares in the last quarter. Barclays PLC lifted its position in shares of Zumiez by 55.6% in the third quarter. Barclays PLC now owns 47,387 shares of the apparel and footwear maker’s stock worth $1,010,000 after purchasing an additional 16,934 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Zumiez by 0.3% during the third quarter. Geode Capital Management LLC now owns 388,589 shares of the apparel and footwear maker’s stock worth $8,279,000 after purchasing an additional 1,195 shares during the last quarter. Virtu Financial LLC acquired a new position in Zumiez during the third quarter worth $423,000. Finally, Franklin Resources Inc. bought a new position in Zumiez in the third quarter valued at $236,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Zumiez Price Performance

Shares of NASDAQ:ZUMZ opened at $11.84 on Thursday. The company’s 50-day moving average price is $13.91 and its two-hundred day moving average price is $17.71. Zumiez Inc. has a one year low of $11.59 and a one year high of $31.37. The stock has a market capitalization of $226.84 million, a PE ratio of -4.61 and a beta of 0.99.

Zumiez (NASDAQ:ZUMZ) last released its earnings results 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). The company had revenue of $279.16 million for the quarter, compared to the consensus estimate of $276.47 million. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. On average, analysts anticipate that Zumiez Inc. will post -0.12 earnings per share 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.