Market Overview

UPDATE: D.A. Davidson Raises Price Target On Zumiez As 4Q Guidance Moves Higher

Share:

In a report published Thursday, D.A. Davidson analyst Andrew Burns reiterated a Neutral rating on Zumiez Inc. (NASDAQ: ZUMZ), and raised the price target from $37.000 to $44.00.

In the report, D.A. Davidson noted, “Broad category strength fuels healthy December results. ZUMZ's +8.0% December comp compares to consensus at +3.9% (Retail Metrics) and our +2.7% estimate. The positive comp was driven by an increase in transactions and, to a lesser extent, dollars per transaction (higher UPT, slightly lower AUR). Sales increased 14.4% year-over-year (y/y) to $143.4 million. 4Q QTD comps are up 7.5%. By category accessories, juniors, men's, hardgoods, and footwear were up, while boys were down.”

Zumiez closed on Wednesday at $40.28.

Latest Ratings for ZUMZ

DateFirmActionFromTo
May 2019DowngradesNeutralUnderperform
Mar 2019DowngradesBuyHold
Dec 2018MaintainsBuyBuy

View More Analyst Ratings for ZUMZ
View the Latest Analyst Ratings

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

 

Related Articles (ZUMZ)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
WUBABOCOM InternationalDowngrades
DLTROTR GlobalUpgrades
ARCCCompass PointDowngrades
GTYHCitiInitiates Coverage On7.0
NKEGuggenheimMaintains100.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

UPDATE: Compass Point Raises Price Target On PennyMac Financial Services As FHA Premium Is Cut To Drive Higher Volume

Wunderlich Securities Adjusts Model For Kopin