Janney Montgomery Scott Downgrades Zumiez, Inc. (ZUMZ) to Neutral; Locking in Profits
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Get Alerts ZUMZ Hot Sheet
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!
Janney Montgomery Scott downgraded Zumiez, Inc. (NASDAQ: ZUMZ) from Buy to Neutral.
JMS analyst says, "We are moving the sidelines on shares of ZUMZ, after a strong five-quarter run of solid comps and earnings upside. The stock is up almost 100% since last fall, reflecting the company's highly commendable performance. We continue to believe that ZUMZ has one of the most differentiated concepts in the mall, ample unit growth, and ongoing opportunity for margin expansion. However, we have a very cautious view of the Softlines sector, and this view is causing us to take profits on some of the best-performing retailers in the space, like ZUMZ, particularly near and above $30."
For more ratings news on Zumiez, Inc. click here and for the rating history of Zumiez, Inc. click here.
Shares of Zumiez, Inc. closed at $29.40 yesterday, with a 52 week range of $14.44-$33.13.
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JMS analyst says, "We are moving the sidelines on shares of ZUMZ, after a strong five-quarter run of solid comps and earnings upside. The stock is up almost 100% since last fall, reflecting the company's highly commendable performance. We continue to believe that ZUMZ has one of the most differentiated concepts in the mall, ample unit growth, and ongoing opportunity for margin expansion. However, we have a very cautious view of the Softlines sector, and this view is causing us to take profits on some of the best-performing retailers in the space, like ZUMZ, particularly near and above $30."
For more ratings news on Zumiez, Inc. click here and for the rating history of Zumiez, Inc. click here.
Shares of Zumiez, Inc. closed at $29.40 yesterday, with a 52 week range of $14.44-$33.13.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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