Ameriprise Financial Inc. Acquires 1,600 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Ameriprise Financial Inc. raised its holdings in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 375,422 shares of the apparel and footwear maker’s stock after acquiring an additional 1,600 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.96% of Zumiez worth $7,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Zumiez by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,046,487 shares of the apparel and footwear maker’s stock worth $20,061,000 after purchasing an additional 10,953 shares during the period. Divisar Capital Management LLC increased its position in Zumiez by 33.2% in the fourth quarter. Divisar Capital Management LLC now owns 691,879 shares of the apparel and footwear maker’s stock worth $13,263,000 after buying an additional 172,362 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Zumiez by 19.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 421,045 shares of the apparel and footwear maker’s stock worth $8,071,000 after buying an additional 68,676 shares in the last quarter. Tieton Capital Management LLC raised its stake in shares of Zumiez by 22.7% in the fourth quarter. Tieton Capital Management LLC now owns 256,505 shares of the apparel and footwear maker’s stock worth $4,917,000 after buying an additional 47,435 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Zumiez by 3.2% in the fourth quarter. Northern Trust Corp now owns 157,666 shares of the apparel and footwear maker’s stock worth $3,022,000 after buying an additional 4,955 shares during the period. Institutional investors own 95.45% of the company’s stock.

Zumiez Trading Down 7.1%

Shares of NASDAQ:ZUMZ opened at $12.10 on Thursday. The stock has a 50 day moving average of $13.23 and a 200 day moving average of $16.42. The company has a market cap of $236.76 million, a PE ratio of -4.71 and a beta of 0.93. Zumiez Inc. has a 12-month low of $11.31 and a 12-month high of $31.37.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, March 13th. The apparel and footwear maker reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $279.16 million for the quarter, compared to analysts’ expectations of $276.47 million. Zumiez had a negative net margin of 5.60% and a negative return on equity of 2.67%. Zumiez’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 EPS. Equities research analysts predict that Zumiez Inc. will post -0.12 earnings per share for the current fiscal year.

About Zumiez

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.