JPMorgan Chase Initiates Coverage on Zumiez (ZUMZ)
Equities research analysts at JPMorgan Chase (NYSE: JPM) initiated coverage on shares of Zumiez (NASDAQ: ZUMZ) in a research note issued to investors on Thursday. The firm set an “overweight” rating on the stock.
A number of other firms have also recently commented on ZUMZ. Analysts at Credit Suisse (NYSE: CS) raised their price target on shares of Zumiez to $38.00 in a research note to investors on Friday, May 18th. They now have a “neutral” rating on the stock. Separately, analysts at Janney Montgomery Scott reiterated a “neutral” rating on shares of Zumiez in a research note to investors on Friday, May 18th. Finally, 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.
Zumiez opened at 35.02 on Thursday. Zumiez has a 1-year low of $15.85 and a 1-year high of $38.79. The company has a market cap of $1.097 billion and a price-to-earnings ratio of 27.40.
Zumiez last released its earnings data 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.