Wedbush on Zumiez, Inc. (ZUMZ); Differentiated, Hard-to-Find Assortments May Not Be Enough
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Price: $32.48 +1.91%
Rating Summary:
6 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
6 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade ZUMZ Now!
Wedbush maintains a 'Neutral' on Zumiez, Inc. (NASDAQ: ZUMZ) price target of $30.00 (from $34.00).
Analyst, Betty Chen, said, "With soft August sales missing expectations and a weaker-than-expected Q3 guidance (after excluding Blue Tomato adjustments), we expect shares to be under pressure until sales can reaccelerate."
Chen thinks ZUMZ will benefit from differentiated, hard-to-find assortments, which will provide solid top-line growth...erratic mall traffic trends in recent years, coupled with other specialty retailers having similar pricing, messages and mimicking their brand strategies, she is staying on the sidelines until more evidence of sales restoration becomes more constructive.
Q3 EPS estimate lowered from $0.56 to $0.53, FY12 from $1.62 to $1.60 and FY13 from $1.80 to $1.75.
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 $32.22 yesterday, with a 52 week range of $15.85-$41.96.
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Analyst, Betty Chen, said, "With soft August sales missing expectations and a weaker-than-expected Q3 guidance (after excluding Blue Tomato adjustments), we expect shares to be under pressure until sales can reaccelerate."
Chen thinks ZUMZ will benefit from differentiated, hard-to-find assortments, which will provide solid top-line growth...erratic mall traffic trends in recent years, coupled with other specialty retailers having similar pricing, messages and mimicking their brand strategies, she is staying on the sidelines until more evidence of sales restoration becomes more constructive.
Q3 EPS estimate lowered from $0.56 to $0.53, FY12 from $1.62 to $1.60 and FY13 from $1.80 to $1.75.
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 $32.22 yesterday, with a 52 week range of $15.85-$41.96.
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