In a report released today, John Morris from D.A. Davidson initiated coverage with a Hold rating on Zumiez Inc (NASDAQ: ZUMZ) and a price target of $29. The company’s shares closed yesterday at $27.
According to TipRanks.com, Morris is ranked #745 out of 4883 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zumiez Inc with a $31.75 average price target.
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Zumiez Inc’s market cap is currently $689M and has a P/E ratio of 20. The company has a Price to Book ratio of 1.94.
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.
