Janney Montgomery Scott Maintains a 'Neutral' on Zumiez, Inc. (ZUMZ); Raising Numbers on Q4 Beat and Strong Start to '12
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Price: $18.64 --0%
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
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Janney Montgomery Scott maintains a 'Neutral' on Zumiez, Inc. (NASDAQ: ZUMZ) price target raised $1 to $32.
JMS analyst said, "ZUMZ reported a 4Q11 EPS slight beat of $0.60 versus the Street at $0.59 and management's guidance of $0.57 to $0.58... We expect that the company's positive momentum will continue throughout 1Q12, having already started strong with a February comp of +14.2%. As the quarter progresses and we enter the heart of the spring selling season, we believe positive sales performance could lead to raised 1Q12 guidance...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."
"We are raising our FY12 and FY13 EPS estimates; FY12 goes to $1.42 from $1.40
(versus consensus of $1.40); and FY13 goes to $1.62 from $1.60 (versus consensus of $1.62)."
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 $32.32 yesterday.
JMS analyst said, "ZUMZ reported a 4Q11 EPS slight beat of $0.60 versus the Street at $0.59 and management's guidance of $0.57 to $0.58... We expect that the company's positive momentum will continue throughout 1Q12, having already started strong with a February comp of +14.2%. As the quarter progresses and we enter the heart of the spring selling season, we believe positive sales performance could lead to raised 1Q12 guidance...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."
"We are raising our FY12 and FY13 EPS estimates; FY12 goes to $1.42 from $1.40
(versus consensus of $1.40); and FY13 goes to $1.62 from $1.60 (versus consensus of $1.62)."
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 $32.32 yesterday.
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