Market Overview

UPDATE: D.A. Davidson Reiterates Neutral Rating, Raises PT on Zumiez Following Good 1Q Results

Related ZUMZ
Retail Sector Mixed On September Sales Reports
D.A. Davidson Sees September Comp Trends Accelerate For Zumiez

In a report published Friday, D.A. Davidson analyst Andrew Burns reiterated a Neutral rating on Zumiez (NASDAQ: ZUMZ), and raised the price target from $32.00 to $33.00.

In the report, Burns noted, “1Q results exceed consensus. Zumiez reported 1Q revenue and non-GAAP EPS of $148.5 million and $0.13 (GAAP EPS of $0.08 including acquisition-related costs), compared to consensus of $148.1 million and $0.12 and our estimates of $148.5 million and $0.14. Guidance called for a mid-single digit comp decline, revenue of $141-$144 million and EPS of $0.04-$0.07 ($0.08-$0.11 excluding ~$2 million in acquisition-related costs). Gross margin was 32.3%, down 34bp year-over-year (y/y). SG&A, excluding a $1.7 million in acquisition costs, was $42.2 million, or 28.4% of sales, compared to 26.8% of sales in 1Q12.”

Zumiez closed on Thursday at $32.00.

Latest Ratings for ZUMZ

Sep 2014Piper JaffrayDowngradesOverweightNeutral
Sep 2014SunTrust Robinson HumphreyMaintainsNeutral
Sep 2014Credit SuisseMaintainsNeutral

View More Analyst Ratings for ZUMZ
View the Latest Analyst Ratings

Posted-In: D.A. DavidsonAnalyst Color Price Target Analyst Ratings


Related Articles (ZUMZ)

Around the Web, We're Loving...

Get Benzinga's Newsletters