Zumiez (ZUMZ) is Upgraded by Piper Jaffray to Overweight

Zumiez (ZUMZ) was Upgraded by Piper Jaffray to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. Piper Jaffray advised their investors in a research report released on Oct 14, 2016.

Many Wall Street Analysts have commented on Zumiez. Company shares were Reiterated by Mizuho on Aug 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .

On the company’s financial health, Zumiez reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Sep 8, 2016. Analyst had a consensus of $-0.08. The company had revenue of $178.30 million for the quarter, compared to analysts expectations of $177.85 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.

Zumiez closed down -0.28 points or -1.24% at $22.27 with 7,72,871 shares getting traded on Tuesday. Post opening the session at $22.55, the shares hit an intraday low of $22.02 and an intraday high of $23.07 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 14, 2016, Chris K. Visser (EVP, General Counsel & Sec.) sold 1,090 shares at $17.10 per share price. According to the SEC, 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.


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