Zumiez (ZUMZ) is Reiterated by Wolfe Research to Underperform, Lowers Price Target to $ 11

Zumiez (ZUMZ) was Reiterated by Wolfe Research to “Underperform” while Lowering the Price Target of the company shares to $ 11 from a previous price target of $14 . Wolfe Research advised their investors in a research report released on May 31, 2016.

Many Wall Street Analysts have commented on Zumiez. Shares were Reiterated by Mizuho on May 5, 2016 to “Neutral” and Lowered the Price Target to $ 17 from a previous price target of $19 .Company shares were Reiterated by Wolfe Research on Mar 11, 2016 to “Underperform”, Firm has raised the Price Target to $ 15 from a previous price target of $13 .Company shares were Reiterated by Mizuho on Mar 11, 2016 to “Neutral”, Firm has raised the Price Target to $ 19 from a previous price target of $16 .

On the company’s financial health, Zumiez reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 10, 2016. Analyst had a consensus of $0.50. The company had revenue of $242.40 million for the quarter, compared to analysts expectations of $241.02 million. The company’s revenue was down -6.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS.

Zumiez opened for trading at $14.45 and hit $14.6875 on the upside on Friday, eventually ending the session at $14.64, with a gain of 1.67% or 0.24 points. The heightened volatility saw the trading volume jump to 3,15,903 shares. Company has a market cap of $373 M.

In a different news, on Apr 24, 2015, Troy R. Brown (EVP of Ecommerce & Omnichannel) sold 31,592 shares at $34.07 per share price.

Zumiez Inc. is a multi-channel specialty retailer of apparel footwear accessories and hardgoods. As of January 31 2015 the Company operated 603 stores; 550 in the United States 35 in Canada and 18 in Europe. The Company operates under the names Zumiez and Blue Tomato. Additionally it operates e-commerce websites at www.zumiez.com and www.bluetomato.com. In apparel the Company offers t-shirts; baseball tees; hoodies and sweatshirts; tank tops; shorts; board shorts; joggers; shirts; jackets; jeans and pants; sweaters and snow outerwear. The Company offers accessories including hats socks watches sunglasses jewelry backpacks beanies belts wallets underwear and bags. In addition it also offers cameras and tech; headphones; home; travel gear; hacky sacks; shoe laces; digital video discs (DVDs) scarves and gloves.

Zumiez

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