In a report released today, Jeff Van Sinderen from B.Riley FBR reiterated a Buy rating on Zumiez Inc (NASDAQ: ZUMZ), with a price target of $34. The company’s shares closed yesterday at $23.87.
According to TipRanks.com, Sinderen is a 2-star analyst with an average return of 0.5% and a 45.6% success rate. Sinderen covers the Services sector, focusing on stocks such as Tuesday Morning, Tilly’s Inc, and Kirkland’s.
Zumiez Inc has an analyst consensus of Moderate Buy, with a price target consensus of $30.25, implying a 26.7% upside from current levels. In a report released today, Pivotal Research also reiterated a Buy rating on the stock with a $30 price target.
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Based on Zumiez Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $4.38 million. In comparison, last year the company had a GAAP net loss of $608K.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock.
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Zumiez, Inc. is a multi-channel retailer of apparel, footwear, accessories and hardgoods rooted in youth culture as expressed through music, art, fashion and action sports lifestyle for young men and women. The company’s stores cater to young men and women between the ages of 12 and 24 of popular brands such as action sport lifestyle centered on activities that include skateboarding, surfing, snowboarding, bicycle motocross, and motocross. Its apparels includes tops, bottoms, outerwear and accessories such as caps, bags and backpacks, belts, jewelry and sunglasses, footwear consists of action sports related athletic shoes and sandals, equipment offerings, or hardgoods include skateboards, snowboards and ancillary gear such as boots and bindings. The company also offer a selection of other items, such as novelties. Zumiez was founded by Thomas D. Campion in August 1978 and is headquartered in Lynnwood, WA.
