Oppenheimer Raises PT and Estimates on Zumiez, Inc. (ZUMZ); Deal Aligned with International Strategy

June 20, 2012 10:33 AM EDT Send to a Friend
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Price: $28.26 +3.10%

Rating Summary:
    9 Buy, 11 Hold, 0 Sell

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    Up: 23 | Down: 25 | New: 18
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Oppenheimer reiterates an 'Outperform' on Zumiez, Inc. (NASDAQ: ZUMZ) price target of $45.00 (from $40.00).

Analyst, Pamela Quintiliano, said, "Raising FY2Q12/FY12/FY13E EPS to $0.13/$1.60/$1.90 and PT to $45, which assumes 24x forward estimates. Believe still early in growth cycle and that unique business model (80% revenues from guys', 80% product third-party branded), significant domestic/international store growth and ongoing IT initiatives provide long-term opportunity."

Quintiliano mentioned that ZUMZ's acquisition of Blue Tomato is aligned with the company's international strategy and Blue Tomato's fundamentals are solid. She sees the deal adding $0.15-0.20 to ZUMZ's EPS over time.

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 $41.16 yesterday.




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Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

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