Brandywine Global Investment Management LLC Makes New $218,000 Investment in Zumiez Inc. (NASDAQ:ZUMZ)

Brandywine Global Investment Management LLC purchased a new stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,360 shares of the apparel and footwear maker’s stock, valued at approximately $218,000. Brandywine Global Investment Management LLC owned approximately 0.06% of Zumiez at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP increased its stake in Zumiez by 315.1% during the third 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 during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Zumiez during the 3rd quarter valued at about $110,000. Franklin Resources Inc. acquired a new stake in Zumiez during the third quarter worth about $236,000. Virtu Financial LLC acquired a new stake in Zumiez during the third quarter worth about $423,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Zumiez in the third quarter worth about $442,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Zumiez Trading Down 10.5 %

NASDAQ:ZUMZ opened at $13.70 on Friday. The stock has a 50 day moving average of $14.87 and a 200-day moving average of $18.69. The firm has a market capitalization of $262.48 million, a PE ratio of -5.33 and a beta of 1.23. Zumiez Inc. has a 52 week low of $12.67 and a 52 week high of $31.37.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, March 13th. The apparel and footwear maker reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The company 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%. Zumiez’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 earnings per share. As a group, analysts predict that Zumiez Inc. will post -0.12 EPS 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.