Zumiez Is One Of The Best Managed Companies In The Apparel Retail Sector, Says Roth Capital
In a research report issued today, Roth Capital analyst Dave King reiterated a Buy rating on Zumiez (NASDAQ:ZUMZ) with a $36 price target, which represents a potential upside of 22% from where the stock is currently trading.
King commented: “Zumiez’ September same-store sales grew 6.6%, above our 2.0% estimate and consensus of 2.7%, while total revenues grew 12.5% — keeping the company on pace to meet estimates. The QTD comp for the important BTS season increased 3.6% on a core basis, as the company seems to be gaining market share amidst a slightly improving backdrop. We remain positive on higher quality names in the apparel retail space and see Zumiez as one of the Sector’s best managed companies.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Dave King has a total average return of -3.5% and a 35.0% success rate. King has a 0.1% average return when recommending ZUMZ, and is ranked #2944 out of 3319 analysts.