Zumiez Inc Receives a Hold from Robert W. Baird

By Austin Angelo

In a report released yesterday, Jonathan Komp from Robert W. Baird reiterated a Hold rating on Zumiez Inc (NASDAQ: ZUMZ), with a price target of $28. The company’s shares closed yesterday at $25.30, close to its 52-week high of $25.45.

According to TipRanks.com, Komp is a 5-star analyst with an average return of 14.1% and a 69.6% success rate. Komp covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Columbia Sportswear, and Duluth Holdings Inc.

Zumiez Inc has an analyst consensus of Moderate Buy, with a price target consensus of $28.

Based on Zumiez Inc’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $308 million and quarterly net profit of $19.94 million. In comparison, last year the company earned revenue of $264 million and had a net profit of $18.18 million.

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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. It also offer a selection of other items, such as novelties. The company was founded by Thomas D. Campion in August 1978 and is headquartered in Lynnwood, WA.