Bank of America Initiates Coverage on Zumiez (ZUMZ)

By admin | 6 years ago

Equities research analysts at Bank of America (NYSE: BAC) started coverage on shares of Zumiez (NASDAQ: ZUMZ) in a research note issued to investors on Friday. The firm set a “buy” rating and a $44.00 price target on the stock.

ZUMZ has been the subject of a number of other recent research reports. Analysts at Janney Montgomery Scott reiterated a “neutral” rating on shares of Zumiez in a research note to investors on Thursday, May 3rd. 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 traded down 0.93% on Friday, hitting $36.16. Zumiez has a 1-year low of $15.85 and a 1-year high of $38.79. The company has a market cap of $1.127 billion and a price-to-earnings ratio of 30.42.

Zumiez last released its earnings data on Thursday, March 8th. The company reported $0.60 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.60. Zumiez’s revenue was up 17.7% compared to the same quarter last year. Analysts expect that Zumiez will post $0.10 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.

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