Semanteon Capital Management LP Has $781,000 Stock Position in Zumiez Inc. (NASDAQ:ZUMZ)

Semanteon Capital Management LP lowered its holdings in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,750 shares of the apparel and footwear maker’s stock after selling 5,033 shares during the period. Semanteon Capital Management LP’s holdings in Zumiez were worth $781,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ZUMZ. Quarry LP grew 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 worth $38,000 after purchasing an additional 1,339 shares during the period. Point72 DIFC Ltd acquired a new stake in Zumiez during the third quarter worth approximately $110,000. Franklin Resources Inc. bought a new position in Zumiez in the third quarter worth approximately $236,000. Virtu Financial LLC bought a new position in Zumiez in the third quarter worth approximately $423,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Zumiez in the third quarter worth approximately $442,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Zumiez Stock Performance

Shares of NASDAQ:ZUMZ opened at $14.40 on Friday. The business’s 50 day simple moving average is $15.07 and its two-hundred day simple moving average is $19.31. The firm has a market cap of $275.89 million, a P/E ratio of -5.60 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 announced its quarterly earnings results on Thursday, March 13th. The apparel and footwear maker reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. On average, equities analysts forecast that Zumiez Inc. will post -0.12 earnings per share for the current fiscal 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.