Zumiez Inc. (NASDAQ:ZUMZ) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 388,589 shares of the apparel and footwear maker’s stock after purchasing an additional 1,195 shares during the period. Geode Capital Management LLC’s holdings in Zumiez were worth $8,279,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Zumiez by 37.0% during 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 buying an additional 128,774 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Zumiez by 42.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 416,274 shares of the apparel and footwear maker’s stock valued at $8,867,000 after acquiring an additional 123,047 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Zumiez by 225.2% during the second quarter. Acadian Asset Management LLC now owns 213,722 shares of the apparel and footwear maker’s stock valued at $4,161,000 after purchasing an additional 147,996 shares during the period. Tieton Capital Management LLC lifted its position in shares of Zumiez by 1.6% during the second quarter. Tieton Capital Management LLC now owns 209,640 shares of the apparel and footwear maker’s stock worth $4,084,000 after purchasing an additional 3,240 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Zumiez by 225.4% in 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 purchasing an additional 104,892 shares during the period. 95.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped their price objective on shares of Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, September 6th.

Zumiez Price Performance

Shares of ZUMZ opened at $18.97 on Friday. Zumiez Inc. has a 12 month low of $12.90 and a 12 month high of $31.37. The stock has a fifty day moving average price of $21.04 and a 200 day moving average price of $22.33. The company has a market cap of $363.71 million, a P/E ratio of -7.38 and a beta of 1.25.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, December 5th. The apparel and footwear maker reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The business had revenue of $222.50 million during the quarter, compared to analyst estimates of $222.06 million. During the same period in the prior year, the company posted ($0.12) EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, research analysts anticipate that Zumiez Inc. will post 0.01 earnings per share 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.