Oppenheimer Reiterates an 'Outperform' on Zumiez, Inc. (ZUMZ); Charges Cloud Solid Quarter
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Price: $15.17 +5.64%
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Oppenheimer reiterates an 'Outperform' on Zumiez, Inc. (NASDAQ: ZUMZ) price target of $45.00.
Analyst, Pamela Quintiliano, said, "ZUMZ reported non-GAAP 2Q12 EPS of $0.17, better than our/consensus $0.13 and $0.12-0.14 guidance (ex. acquisition/1x time costs). Revenues +20% on +9.5% comps (vs. 7.5% LY) with e-commerce +40%. GM +140bps, SG&A +180bps, resulting in 2.8% op. margins (down 40bps). Shares down as much as 15% after-hours reflecting August comps of 3.7% which missed our/consensus of 5.0% due to back-end loaded BTS. Non-GAAP 3Q12E outlook of $0.51-0.54 (adjusted for one-time costs) compares to our/consensus of $0.56 but we note previous estimates did not reflect acquisition charges or resulting tax impact. Initial guidance could prove conservative as ZUMZ has beaten in the past 13 quarters."
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 $32.22 yesterday.
Analyst, Pamela Quintiliano, said, "ZUMZ reported non-GAAP 2Q12 EPS of $0.17, better than our/consensus $0.13 and $0.12-0.14 guidance (ex. acquisition/1x time costs). Revenues +20% on +9.5% comps (vs. 7.5% LY) with e-commerce +40%. GM +140bps, SG&A +180bps, resulting in 2.8% op. margins (down 40bps). Shares down as much as 15% after-hours reflecting August comps of 3.7% which missed our/consensus of 5.0% due to back-end loaded BTS. Non-GAAP 3Q12E outlook of $0.51-0.54 (adjusted for one-time costs) compares to our/consensus of $0.56 but we note previous estimates did not reflect acquisition charges or resulting tax impact. Initial guidance could prove conservative as ZUMZ has beaten in the past 13 quarters."
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 $32.22 yesterday.
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