We Continue To Like Zumiez, Says Roth Capital; Raises PT To $36
In a research report issued today, Roth Capital analyst Dave King maintained a Buy rating on Zumiez (NASDAQ:ZUMZ), and slightly raised his price target to $36 (from $34), following the company’s second-quarter results.
King said, “2Q14 core EPS exceeded estimates on higher-than-expected gross margin and lower expenses, while 3Q14 guidance met our expectations following continued comp gains in August. Zumiez appears to be gaining market share in a still challenging yet somewhat improving teen retail environment. We continue to like ZUMZ for its differentiated business model, consistent strategy, strong free cash flow, proven management, and underappreciated international growth opportunity.”
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 6.8% and a 51.6% success rate. King has a 9.0% average return when recommending ZUMZ, and is ranked #1072 out of 3255 analysts.