JPMorgan Chase & Co. Boosts Stock Holdings in Zumiez Inc. (NASDAQ:ZUMZ)

JPMorgan Chase & Co. lifted its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 215.1% during the third quarter, Holdings Channel reports. The fund owned 95,485 shares of the apparel and footwear maker’s stock after acquiring an additional 65,182 shares during the period. JPMorgan Chase & Co.’s holdings in Zumiez were worth $2,034,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Rhumbline Advisers boosted its stake in Zumiez by 7.4% in the second quarter. Rhumbline Advisers now owns 27,550 shares of the apparel and footwear maker’s stock valued at $537,000 after acquiring an additional 1,898 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Zumiez by 68.1% during the second quarter. Renaissance Technologies LLC now owns 113,997 shares of the apparel and footwear maker’s stock worth $2,221,000 after buying an additional 46,197 shares during the period. Sei Investments Co. acquired a new stake in shares of Zumiez during the second quarter worth about $845,000. ProShare Advisors LLC acquired a new stake in shares of Zumiez during the second quarter worth about $42,000. Finally, Bank of Montreal Can acquired a new stake in shares of Zumiez during the second quarter worth about $1,979,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Zumiez Stock Performance

Shares of ZUMZ opened at $15.93 on Thursday. The company has a market capitalization of $305.43 million, a price-to-earnings ratio of -6.20 and a beta of 1.26. Zumiez Inc. has a fifty-two week low of $12.90 and a fifty-two week high of $31.37. The firm has a 50-day simple moving average of $19.85 and a 200-day simple moving average of $22.17.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. Zumiez had a negative net margin of 5.60% and a negative return on equity of 2.67%. The firm had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $222.06 million. During the same period in the prior year, the company posted ($0.12) earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts forecast that Zumiez Inc. will post -0.09 EPS for the current 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.