Wedbush on Zumiez, Inc. (ZUMZ); Differentiated, Hard-to-Find Assortments May Not Be Enough
Tweet
Share
E-mailGet Alerts ZUMZ Hot Sheet
Price: $18.02 -3.33%
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Join SI Premium – FREE
Wedbush maintains a 'Neutral' on Zumiez, Inc. (NASDAQ: ZUMZ) price target of $30.00 (from $34.00).
Analyst, Betty Chen, said, "With soft August sales missing expectations and a weaker-than-expected Q3 guidance (after excluding Blue Tomato adjustments), we expect shares to be under pressure until sales can reaccelerate."
Chen thinks ZUMZ will benefit from differentiated, hard-to-find assortments, which will provide solid top-line growth...erratic mall traffic trends in recent years, coupled with other specialty retailers having similar pricing, messages and mimicking their brand strategies, she is staying on the sidelines until more evidence of sales restoration becomes more constructive.
Q3 EPS estimate lowered from $0.56 to $0.53, FY12 from $1.62 to $1.60 and FY13 from $1.80 to $1.75.
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, Betty Chen, said, "With soft August sales missing expectations and a weaker-than-expected Q3 guidance (after excluding Blue Tomato adjustments), we expect shares to be under pressure until sales can reaccelerate."
Chen thinks ZUMZ will benefit from differentiated, hard-to-find assortments, which will provide solid top-line growth...erratic mall traffic trends in recent years, coupled with other specialty retailers having similar pricing, messages and mimicking their brand strategies, she is staying on the sidelines until more evidence of sales restoration becomes more constructive.
Q3 EPS estimate lowered from $0.56 to $0.53, FY12 from $1.62 to $1.60 and FY13 from $1.80 to $1.75.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Freedom Broker Upgrades PrimeEnergy Resource (PNRG) to Hold
- York Space Systems (YSS) PT Lowered to $15 at Jefferies
- Candel Therapeutics Inc. (CADL) PT Raised to $15 at Freedom Broker
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!
