Imperial Capital Cuts Numbers on Zumiez (ZUMZ)
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Price: $18.94 +0.80%
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 5
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 5
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Imperial Capital maintained an In-Line rating on retailers Zumiez, Inc. (NASDAQ: ZUMZ) and slashed its price target to $25.00 (from $33.00).
"We continue to believe ZUMZ deserves to trade at a premium multiple to the comparable group average of 14x given its long-term organic square footage growth potential. However, difficult comparisons and a slower growth rate relative to the past few years could limit significant multiple expansion," said analysts.
Analysts at Imperial reduced pro forma 2012 and 2013 EPS estimates by $0.08 each, to $1.45 and $1.67, respectively, reflecting more conservative sales and gross margin assumptions.
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 $20.57 yesterday.
"We continue to believe ZUMZ deserves to trade at a premium multiple to the comparable group average of 14x given its long-term organic square footage growth potential. However, difficult comparisons and a slower growth rate relative to the past few years could limit significant multiple expansion," said analysts.
Analysts at Imperial reduced pro forma 2012 and 2013 EPS estimates by $0.08 each, to $1.45 and $1.67, respectively, reflecting more conservative sales and gross margin assumptions.
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 $20.57 yesterday.
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