Janney Montgomery Scott Maintains a 'Neutral' on Zumiez, Inc. (ZUMZ); What Weak July Comps Really Mean
Get Alerts ZUMZ Hot Sheet
Price: $15.87 +4.61%
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
Join SI Premium – FREE
Janney Montgomery Scott maintains a 'Neutral' on Zumiez, Inc. (NASDAQ: ZUMZ) price target of $41.00 (from $36.00).
Analyst, Adrienne Tennant, said, "After posting a July comp of 7.5%, this marks the first time that ZUMZ has missed a comp Street estimate since July of 2011.The last week of July was concerning, as comps slowed to +2.8%. However, we point out that the heart of back-to-school selling is yet to come, and we would expect a solid reacceleration in August and September...We believe the Blue Tomato acquisition provides room for future earnings growth.Our checks continue to reflect clean levels of inventory, both full price and clearance, and ZUMZ continues to be one of the least promotional teen retailers."
"We are maintaining our FY12 and FY13 EPS estimates; FY12 remains $1.59 (versus consensus of $1.62); and FY13 remains $1.78 (versus consensus of $1.84)."
For an analyst ratings summary and ratings history on Zumiez, Inc. click here. For more ratings news on Zumiez, Inc. click here.
Shares of Zumiez, Inc. closed at $35.93 yesterday.
Analyst, Adrienne Tennant, said, "After posting a July comp of 7.5%, this marks the first time that ZUMZ has missed a comp Street estimate since July of 2011.The last week of July was concerning, as comps slowed to +2.8%. However, we point out that the heart of back-to-school selling is yet to come, and we would expect a solid reacceleration in August and September...We believe the Blue Tomato acquisition provides room for future earnings growth.Our checks continue to reflect clean levels of inventory, both full price and clearance, and ZUMZ continues to be one of the least promotional teen retailers."
"We are maintaining our FY12 and FY13 EPS estimates; FY12 remains $1.59 (versus consensus of $1.62); and FY13 remains $1.78 (versus consensus of $1.84)."
For an analyst ratings summary and ratings history on Zumiez, Inc. click here. For more ratings news on Zumiez, Inc. click here.
Shares of Zumiez, Inc. closed at $35.93 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SAP Q1 results fall short of Wall Street estimates as transformation kicks off
- Independent Bank Group (IBTX) Tops Q1 EPS by 4c
- First Bank (FRBA) Tops Q1 EPS by 7c
Create E-mail Alert Related Categories
Analyst Comments, Retail SalesRelated Entities
Janney Montgomery Scott, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!