Zumiez (ZUMZ) PT, Estimates Cut at Piper Jaffray Following July Sales

Piper Jaffray analyst Neely Tamminga reiterated a Neutral rating and lowered her price target on Zumiez, Inc. (NASDAQ: ZUMZ) to $25.00 (from $31.00) following July sales.

Tamminga commented, "We are updating our model to reflect the company's July sales release in which comps came in at -7.6% for July and -4.5% for the quarter. Management indicated that they now expect EPS to be slightly below their prior guidance of $0.12. As such, our EPS estimate moves to $0.11 from $0.14. ZUMZ is slated to report their FQ2 results on September 10."

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 $25.46 yesterday.

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