Zumiez (ZUMZ) Should Trade At Average Valuation Compared to Peers - Analyst
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Price: $31.89 -0.34%
Rating Summary:
6 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 13
Rating Summary:
6 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 13
Trade ZUMZ Now!
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, with a 52 week range of $17.93-$41.96.
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"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, with a 52 week range of $17.93-$41.96.
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