Man Group plc Buys 21,082 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Man Group plc increased its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 33.7% in the fourth quarter, HoldingsChannel reports. The fund owned 83,572 shares of the apparel and footwear maker’s stock after purchasing an additional 21,082 shares during the period. Man Group plc’s holdings in Zumiez were worth $1,602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZUMZ. Fund 1 Investments LLC lifted its stake in shares of Zumiez by 134.5% in the 4th quarter. Fund 1 Investments LLC now owns 435,905 shares of the apparel and footwear maker’s stock valued at $8,356,000 after acquiring an additional 250,014 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Zumiez by 338.9% in the 4th quarter. Millennium Management LLC now owns 229,173 shares of the apparel and footwear maker’s stock valued at $4,393,000 after acquiring an additional 176,953 shares during the last quarter. Divisar Capital Management LLC raised its position in Zumiez by 33.2% during the 4th quarter. Divisar Capital Management LLC now owns 691,879 shares of the apparel and footwear maker’s stock valued at $13,263,000 after purchasing an additional 172,362 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Zumiez by 19.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 421,045 shares of the apparel and footwear maker’s stock valued at $8,071,000 after purchasing an additional 68,676 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Zumiez by 104.1% during the 4th quarter. BNP Paribas Financial Markets now owns 115,377 shares of the apparel and footwear maker’s stock valued at $2,212,000 after purchasing an additional 58,848 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Zumiez Price Performance

ZUMZ opened at $11.91 on Friday. The business has a 50 day simple moving average of $13.14 and a two-hundred day simple moving average of $16.31. The firm has a market capitalization of $233.04 million, a price-to-earnings ratio of -4.63 and a beta of 0.93. Zumiez Inc. has a one year low of $11.31 and a one year high of $31.37.

Zumiez (NASDAQ:ZUMZ) last released its quarterly 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). The business had revenue of $279.16 million for the quarter, compared to the consensus estimate of $276.47 million. Zumiez had a negative net margin of 5.60% and a negative return on equity of 2.67%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. As a group, sell-side analysts expect that Zumiez Inc. will post -0.12 EPS 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.