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


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

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


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