Zumiez Inc. (NASDAQ:ZUMZ) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in Zumiez Inc. (NASDAQ:ZUMZ) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,126 shares of the apparel and footwear maker’s stock after selling 741 shares during the quarter. Bank of New York Mellon Corp owned about 0.26% of Zumiez worth $961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in shares of Zumiez by 225.4% during the third quarter. Jane Street Group LLC now owns 151,424 shares of the apparel and footwear maker’s stock worth $3,225,000 after buying an additional 104,892 shares in the last quarter. State Street Corp boosted its position in Zumiez by 37.0% during the third quarter. State Street Corp now owns 477,152 shares of the apparel and footwear maker’s stock worth $10,163,000 after acquiring an additional 128,774 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Zumiez by 215.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,485 shares of the apparel and footwear maker’s stock worth $2,034,000 after acquiring an additional 65,182 shares during the period. Maverick Capital Ltd. acquired a new position in Zumiez in the 3rd quarter valued at $1,692,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Zumiez in the 3rd quarter valued at $893,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Zumiez Stock Down 0.1 %

ZUMZ stock opened at $15.23 on Wednesday. The stock has a market capitalization of $291.79 million, a price-to-earnings ratio of -5.93 and a beta of 1.23. Zumiez Inc. has a 52-week low of $12.67 and a 52-week high of $31.37. The stock’s fifty day simple moving average is $15.03 and its 200-day simple moving average is $19.05.

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