Zumiez, Inc. (ZUMZ): December Comps Positive As Expected - Stifel

Stifel analyst, Richard Jaffe, reiterated his Hold rating on shares of Zumiez, Inc. (NASDAQ: ZUMZ) after the company reported a December comparable sales increase of 3.4%, versus an 8.9% decrease LY. This was slightly below consensus of 4% but basically in line.

Men’s and juniors comped positively, while hard goods, footwear and accessories comped negatively. Men’s continues to outperform due to a shift in the fashion cycle favoring skater and surf brands.

No change to the price target of $24.

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 $22.75 yesterday.

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