Empowered Funds LLC Sells 1,279 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Empowered Funds LLC decreased its position in Zumiez Inc. (NASDAQ:ZUMZ) by 3.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 34,558 shares of the apparel and footwear maker’s stock after selling 1,279 shares during the period. Empowered Funds LLC owned about 0.18% of Zumiez worth $662,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP raised its stake in shares of Zumiez by 315.1% during the 3rd quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker’s stock worth $38,000 after purchasing an additional 1,339 shares in the last quarter. CWM LLC raised its stake in shares of Zumiez by 69.6% during the 3rd quarter. CWM LLC now owns 3,380 shares of the apparel and footwear maker’s stock worth $72,000 after purchasing an additional 1,387 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Zumiez during the 3rd quarter worth approximately $110,000. US Bancorp DE raised its stake in shares of Zumiez by 67,262.5% during the 3rd quarter. US Bancorp DE now owns 5,389 shares of the apparel and footwear maker’s stock worth $115,000 after purchasing an additional 5,381 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Zumiez by 362.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,659 shares of the apparel and footwear maker’s stock worth $121,000 after purchasing an additional 4,436 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

Zumiez Stock Down 4.4 %

Shares of Zumiez stock opened at $15.08 on Wednesday. Zumiez Inc. has a 12-month low of $12.90 and a 12-month high of $31.37. The stock has a market cap of $289.08 million, a P/E ratio of -5.87 and a beta of 1.24. The business’s 50 day moving average is $17.48 and its 200-day moving average is $21.23.

Zumiez (NASDAQ:ZUMZ) last announced 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. The company had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $222.06 million. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.12) EPS. On average, sell-side analysts expect that Zumiez Inc. will post -0.09 EPS for the current 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.