Janney Montgomery Scott Maintains a 'Neutral' on Zumiez, Inc. (ZUMZ); Boosting Estimates & PT on Blue Tomato Acquisition
Tweet Send to a FriendGet Alerts ZUMZ Hot Sheet
Price: $31.35 -2.03%
Rating Summary:
6 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 16 | New: 13
Rating Summary:
6 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 16 | New: 13
Trade ZUMZ Now!
Janney Montgomery Scott maintains a 'Neutral' on Zumiez, Inc. (NASDAQ: ZUMZ) price target of $41.00 (from $37.00).
Analyst, Adrienne Tennant, said, "ZUMZ announced that it has signed a definitive purchase agreement to acquire Blue Tomato, a leading European action sports retailer based in Austria...Based on our calculations, we believe Blue Tomato could be at least a $0.15 contribution to FY13 EPS; however, we point out that is likely to be largely offset by the required earn-out payments."
"We are raising our 2Q12, FY12 and FY13 EPS estimates to reflect the strong current business trends, as well as accretion from the Blue Tomato acquisition; 2Q12 goes to $0.14 from $0.11 (versus consensus of $0.10); FY12 goes to $1.59 from $1.54 (versus consensus of $1.54); and FY13 goes to $1.78 from $1.75 (versus consensus of $1.74)."
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, with a 52 week range of $15.85-$41.96.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Adrienne Tennant, said, "ZUMZ announced that it has signed a definitive purchase agreement to acquire Blue Tomato, a leading European action sports retailer based in Austria...Based on our calculations, we believe Blue Tomato could be at least a $0.15 contribution to FY13 EPS; however, we point out that is likely to be largely offset by the required earn-out payments."
"We are raising our 2Q12, FY12 and FY13 EPS estimates to reflect the strong current business trends, as well as accretion from the Blue Tomato acquisition; 2Q12 goes to $0.14 from $0.11 (versus consensus of $0.10); FY12 goes to $1.59 from $1.54 (versus consensus of $1.54); and FY13 goes to $1.78 from $1.75 (versus consensus of $1.74)."
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, with a 52 week range of $15.85-$41.96.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
- Janney Capital Boosts PT on Gap (GPS) Post Q1
- Needham & Company Keeps Buy Rating on salesforce (CRM); Results 'Unspectacularly Solid'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change, Mergers and AcquisitionsRelated Entities
Janney Montgomery Scott
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
