Victory Capital Management Inc. Increases Stock Position in Zumiez Inc. (NASDAQ:ZUMZ)

Victory Capital Management Inc. raised its position in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 26.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,827 shares of the apparel and footwear maker’s stock after buying an additional 7,336 shares during the period. Victory Capital Management Inc.’s holdings in Zumiez were worth $668,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP boosted its position in Zumiez by 315.1% during the 3rd quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker’s stock valued at $38,000 after buying an additional 1,339 shares during the period. Point72 DIFC Ltd purchased a new stake in Zumiez during the 3rd quarter valued at $110,000. Franklin Resources Inc. purchased a new stake in Zumiez during the 3rd quarter valued at $236,000. Virtu Financial LLC purchased a new stake in Zumiez during the 3rd quarter valued at $423,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Zumiez in the 3rd quarter worth about $442,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Zumiez Trading Down 5.0 %

NASDAQ:ZUMZ opened at $14.40 on Friday. The company has a 50-day moving average price of $15.07 and a 200-day moving average price of $19.31. Zumiez Inc. has a 12 month low of $12.67 and a 12 month high of $31.37. The stock has a market cap of $275.89 million, a price-to-earnings ratio of -5.60 and a beta of 1.23.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, March 13th. The apparel and footwear maker reported $0.78 EPS 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 company had revenue of $279.16 million during the quarter, compared to analysts’ expectations of $276.47 million. During the same period in the prior year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts forecast that Zumiez Inc. will post -0.12 EPS 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.