Towle & Co. Has $8.79 Million Position in Zumiez Inc. (NASDAQ:ZUMZ)

Towle & Co. reduced its holdings in Zumiez Inc. (NASDAQ:ZUMZ) by 17.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 458,418 shares of the apparel and footwear maker’s stock after selling 97,805 shares during the period. Towle & Co. owned 2.39% of Zumiez worth $8,788,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming increased its stake in shares of Zumiez by 52.5% during the 4th quarter. State of Wyoming now owns 10,067 shares of the apparel and footwear maker’s stock worth $193,000 after purchasing an additional 3,464 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zumiez during the 4th quarter worth about $29,000. Point72 Asset Management L.P. acquired a new position in shares of Zumiez during the 4th quarter worth about $140,000. Man Group plc increased its stake in shares of Zumiez by 33.7% during the 4th quarter. Man Group plc now owns 83,572 shares of the apparel and footwear maker’s stock worth $1,602,000 after purchasing an additional 21,082 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Zumiez by 338.9% during the 4th quarter. Millennium Management LLC now owns 229,173 shares of the apparel and footwear maker’s stock worth $4,393,000 after purchasing an additional 176,953 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Zumiez Price Performance

Zumiez stock opened at $13.35 on Monday. The firm has a market capitalization of $261.22 million, a PE ratio of -5.19 and a beta of 0.93. The company’s 50-day moving average is $13.26 and its 200-day moving average is $16.52. Zumiez Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $31.37.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data 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). Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The firm had revenue of $279.16 million for the quarter, compared to analyst estimates of $276.47 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, analysts expect that Zumiez Inc. will post -0.12 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.