Janney Montgomery Scott Maintains a 'Neutral' on Zumiez (ZUMZ); 3Q11 EPS Beat; Strong Momentum Heading into Holiday
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Price: $18.64 -1.38%
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Janney Montgomery Scott maintains a 'Neutral' on Zumiez, Inc. (NASDAQ: ZUMZ) price target raised from $19 to $26.
JMS analyst says, "We commend management on their ability to drive improved margins given the inflation in product costs and merchandise mix shift from accessories to apparel/footwear. Our checks continue to reflect clean levels of inventory, both full price and clearance, and ZUMZ continues to be one of the least promotional teen retailers. The diversified mix of third party brands and private label continues to resonate strongly with shoppers and provides the company with significant levers to pull. We continue to believe ZUMZ is a "go to" store for its target market. We are raising our FY11 and FY12 EPS estimates to $1.14 from $1.06 (versus consensus of $1.08) and to $1.32 from $1.24 (versus consensus of $1.28), respectively."
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 $23.37 yesterday.
JMS analyst says, "We commend management on their ability to drive improved margins given the inflation in product costs and merchandise mix shift from accessories to apparel/footwear. Our checks continue to reflect clean levels of inventory, both full price and clearance, and ZUMZ continues to be one of the least promotional teen retailers. The diversified mix of third party brands and private label continues to resonate strongly with shoppers and provides the company with significant levers to pull. We continue to believe ZUMZ is a "go to" store for its target market. We are raising our FY11 and FY12 EPS estimates to $1.14 from $1.06 (versus consensus of $1.08) and to $1.32 from $1.24 (versus consensus of $1.28), respectively."
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 $23.37 yesterday.
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