Zumiez (ZUMZ) Should Trade At Average Valuation Compared to Peers - Analyst

February 12, 2013 11:53 AM EST Send to a Friend
Get Alerts ZUMZ Hot Sheet
Price: $36.18 -1.07%

Rating Summary:
    10 Buy, 12 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 14 | New: 51
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Imperial Capital today maintained an In-Line rating on Zumiez, Inc. (NASDAQ: ZUMZ) and raised its price target to $24.00 (from $23.00).

"Zumiez is facing near-term challenges, including a difficult external environment in Europe as it integrates Blue Tomato, tough comps, and a footwear cycle that favors athletic styles over skate," said analyst Lee J. Giordano.

"Nevertheless, we believe Zumiez should trade at least at a level consistent with its peer group average given long-term organic square footage growth potential (we estimate 8-10% annually) and above average earnings growth potential of around 15% over the next few years," added the analyst.

For an analyst ratings summary and ratings history on Zumiez, Inc. (NASDAQ: ZUMZ) click here. For more ratings news on Zumiez, Inc. click here.

Shares of Zumiez, Inc. closed at $23.19 yesterday.


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