Hillsdale Investment Management Inc. Sells 2,500 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Hillsdale Investment Management Inc. reduced its position in Zumiez Inc. (NASDAQ:ZUMZ) by 24.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,700 shares of the apparel and footwear maker’s stock after selling 2,500 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Zumiez were worth $148,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ZUMZ. Quarry LP raised its holdings in shares of Zumiez by 315.1% in the 3rd quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker’s stock valued at $38,000 after purchasing an additional 1,339 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Zumiez during the third quarter valued at approximately $110,000. Franklin Resources Inc. bought a new position in Zumiez in the third quarter worth approximately $236,000. Virtu Financial LLC purchased a new stake in Zumiez during the third quarter worth $423,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Zumiez during the 3rd quarter valued at $442,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Zumiez Trading Up 5.8 %

ZUMZ opened at $15.24 on Tuesday. The firm has a market cap of $291.98 million, a price-to-earnings ratio of -5.93 and a beta of 1.23. Zumiez Inc. has a 12 month low of $12.67 and a 12 month high of $31.37. The stock has a fifty day moving average price of $15.03 and a 200-day moving average price of $19.14.

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). The firm had revenue of $279.16 million during the quarter, compared to the consensus estimate of $276.47 million. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 earnings per share. On average, equities research analysts forecast that Zumiez Inc. will post -0.12 EPS for the current 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.