Connor Clark & Lunn Investment Management Ltd. Sells 9,164 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Connor Clark & Lunn Investment Management Ltd. lessened its position in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 27.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,681 shares of the apparel and footwear maker’s stock after selling 9,164 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.12% of Zumiez worth $454,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp increased 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 valued at $10,163,000 after acquiring an additional 128,774 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Zumiez by 42.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 416,274 shares of the apparel and footwear maker’s stock worth $8,867,000 after acquiring an additional 123,047 shares during the period. Geode Capital Management LLC boosted its stake in Zumiez by 0.3% during the third quarter. Geode Capital Management LLC now owns 388,589 shares of the apparel and footwear maker’s stock valued at $8,279,000 after buying an additional 1,195 shares during the last quarter. Jane Street Group LLC boosted its stake in 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 valued at $3,225,000 after buying an additional 104,892 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Zumiez by 215.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,485 shares of the apparel and footwear maker’s stock valued at $2,034,000 after purchasing an additional 65,182 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Zumiez Stock Performance

Shares of Zumiez stock opened at $14.40 on Friday. The stock has a market cap of $275.89 million, a price-to-earnings ratio of -5.60 and a beta of 1.23. The stock has a 50 day moving average price of $15.07 and a 200-day moving average price of $19.26. Zumiez Inc. has a one year low of $12.67 and a one year high of $31.37.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, March 13th. The apparel and footwear maker reported $0.78 EPS for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm posted $0.40 EPS. Zumiez’s revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts predict that Zumiez Inc. will post -0.12 earnings per share for the current fiscal 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.