Janney Montgomery Scott Reiterates Neutral on Zumiez (ZUMZ)
Several other analysts have also recently commented on the stock. Analysts at Bank of America (NYSE: BAC) initiated coverage on shares of Zumiez in a research note to investors on Friday, May 11st. They set a “buy” rating and a $44.00 price target on the stock. Separately, analysts at Credit Suisse (NYSE: CS) raised their price target on shares of Zumiez to $35.00 in a research note to investors on Thursday, April 5th. They now have a “neutral” rating on the stock. Finally, analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of Zumiez from $29.00 to $34.00 in a research note to investors on Thursday, April 5th.
Zumiez opened at 32.59 on Friday. Zumiez has a 52-week low of $15.85 and a 52-week high of $38.79. The company has a market cap of $1.021 billion and a price-to-earnings ratio of 25.50.
Zumiez last posted its quarterly earnings results on Thursday, May 17th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.04. Zumiez’s revenue was up 22.7% compared to the same quarter last year. Analysts expect that Zumiez will post $0.54 EPS next quarter.
Zumiez Inc. (Zumiez) is a mall-based specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name.