Oppenheimer Raises PT and Estimates on Zumiez, Inc. (ZUMZ); Deal Aligned with International Strategy
Get Alerts ZUMZ Hot Sheet
Price: $14.80 --0%
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 10
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 10
Join SI Premium – FREE
Oppenheimer reiterates an 'Outperform' on Zumiez, Inc. (NASDAQ: ZUMZ) price target of $45.00 (from $40.00).
Analyst, Pamela Quintiliano, said, "Raising FY2Q12/FY12/FY13E EPS to $0.13/$1.60/$1.90 and PT to $45, which assumes 24x forward estimates. Believe still early in growth cycle and that unique business model (80% revenues from guys', 80% product third-party branded), significant domestic/international store growth and ongoing IT initiatives provide long-term opportunity."
Quintiliano mentioned that ZUMZ's acquisition of Blue Tomato is aligned with the company's international strategy and Blue Tomato's fundamentals are solid. She sees the deal adding $0.15-0.20 to ZUMZ's EPS over time.
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.
Analyst, Pamela Quintiliano, said, "Raising FY2Q12/FY12/FY13E EPS to $0.13/$1.60/$1.90 and PT to $45, which assumes 24x forward estimates. Believe still early in growth cycle and that unique business model (80% revenues from guys', 80% product third-party branded), significant domestic/international store growth and ongoing IT initiatives provide long-term opportunity."
Quintiliano mentioned that ZUMZ's acquisition of Blue Tomato is aligned with the company's international strategy and Blue Tomato's fundamentals are solid. She sees the deal adding $0.15-0.20 to ZUMZ's EPS over time.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Recruit Holdings Co., Ltd (6098:JP) (RCRUY) PT Raised to JPY7,800 at Jefferies, 'emerged stronger since the last earnings season'
- Diploma Plc. (DPLM:LN) PT Raised to GBP42.75 at Jefferies, 'market has yet to appreciate fully the implications of faster long-term organic growth and further accretive M&A'
- Reckitt Benckiser (RKT:LN) (RBGLY) PT Raised to GBP41 at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeSign 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!