Pivotal Research Sticks to Their Buy Rating for Zumiez Inc (ZUMZ)

Pivotal Research analyst Mitch Kummetz reiterated a Buy rating on Zumiez Inc (NASDAQ: ZUMZ) today and set a price target of $30. The company’s shares closed yesterday at $23.87.

Kummetz observed:

“We’re not comfortable with the high end of this range, as it implies a 2-year stack of 13.6% and a 3-year stack of 23.8%.”

According to, Kummetz is a 3-star analyst with an average return of 1.9% and a 55.4% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.

Currently, the analyst consensus on Zumiez Inc is a Moderate Buy with an average price target of $30.25.

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Zumiez Inc’s market cap is currently $609.2M and has a P/E ratio of 17.68. The company has a Price to Book ratio of 1.72.

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.

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