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UPDATE: Jefferies Cuts PT to $20 on Zumiez on Slowing Trends

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Jefferies reiterated its Hold rating on Zumiez (NASDAQ: ZUMZ) and lowered its price target from $22 to $20.

Jefferies commented, "3Q results were roughly in line with the company's recently lowered guidance range. However, November SSS missed and turned negative for the first time in three years. Meanwhile, the 4Q outlook is light and calls for continued comp declines. While we think ZUMZ continues to have great market positioning and LT growth opportunities, we are cautious on these slowing trends."

Zumiez closed at $20.75 on Thursday.

Latest Ratings for ZUMZ

DateFirmActionFromTo
Dec 2016B. RileyDowngradesBuyNeutral
Nov 2016Wolfe ResearchUpgradesUnderperformPeer Perform
Oct 2016Piper JaffrayUpgradesNeutralOverweight

View More Analyst Ratings for ZUMZ
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Posted-In: JefferiesAnalyst Color Price Target Intraday Update Analyst Ratings

 

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