UPDATE: Oppenheimer Raises Price Target on Zumiez to $32

According to Oppenheimer, Zumiez ZUMZ price target is raised to $32. Oppenheimer said that ZUMZ once again blew through expectations, posting a 10% December comp compared to consensus estimates of 6.0%/4.9% on impressive +18.1% in total sales. “Based on results and our expectation for momentum to continue, we're raising our F4QE/F11E/F12E EPS to $0.58/$1.17/$1.45 from $0.54/$1.14/$1.42 and our PT to $32 from $29.” Zumiez closed yesterday at $26.33.