KeyBanc Maintains a 'Hold' on Zumiez, Inc. (ZUMZ); Valuation Remains Reasonable Lots of Moving Parts
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Price: $17.47 --0%
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 17
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 17
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KeyBanc maintains a 'Hold' on Zumiez, Inc. (NASDAQ: ZUMZ).
Analyst, Edward Yruma, said, "A sustained period of momentum at Zumiez Inc. (ZUMZ-NASDAQ) may be ending despite the 2Q earnings beat; guidance points to a potential slowdown in comps...Blue Tomato remains an interesting growth opportunity, near-term acquisition-related noise does not dampen our enthusiasm."
Citing lower sales expectations and lower gross margins, Yruma lowers FY12 EPS estimate from $1.62 to $1.48. FY13 lowered from $1.86 to $1.70.
Other points of note: ZUMZ management stressed that it would lap record merchandise margins in the second half which seems to go against others in the space that saw margin compression. Another noteworthy trend is accessories, which ZUMZ reported had negative trends.
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, Edward Yruma, said, "A sustained period of momentum at Zumiez Inc. (ZUMZ-NASDAQ) may be ending despite the 2Q earnings beat; guidance points to a potential slowdown in comps...Blue Tomato remains an interesting growth opportunity, near-term acquisition-related noise does not dampen our enthusiasm."
Citing lower sales expectations and lower gross margins, Yruma lowers FY12 EPS estimate from $1.62 to $1.48. FY13 lowered from $1.86 to $1.70.
Other points of note: ZUMZ management stressed that it would lap record merchandise margins in the second half which seems to go against others in the space that saw margin compression. Another noteworthy trend is accessories, which ZUMZ reported had negative trends.
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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