ZUMZ Stumbles Despite Post-Earnings Praise

D.A. Davidson and Jefferies both lifted their price targets

Digital Content Manager
Jun 5, 2020 at 9:44 AM
facebook X logo linkedin

The shares of Zumiez Inc (NASDAQ:ZUMZ) are off 4.1% to trade at $28 this morning, following the apparel retailer's first-quarter report. Zumiez posted losses of 84 cents per share and $137.77 million in revenue, missing analysts' estimates. The firm declined to provide a current-quarter forecast at this time, but added that its same-store sales for locations it opened in May, along with its e-commerce traffic increased by 79.6%. 

Despite the miss, Jefferies and D.A. Davidson lifted their price targets to $35 and $28, respectively. Coming into today, the consensus 12-month price target sat at $31.33, which is a 7.3% premium to last night's close. Meanwhile, all three of the analysts in coverage consider ZUMZ a "hold." 

Options players have taken a more optimistic approach to Zumiez stock, with 5.36 calls picked up for every put at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) in the last 10 weeks. This ratio sits in the 96th percentile of its annual range, suggesting a healthier-than-usual appetite for bearish bets of late. 

On the charts, ZUMZ just notched its fourth-straight win yesterday, rallying atop the 180-day moving average for the first time since February 25. The security is testing the stability of this trendline today. And while it boasts a roughly 65% win for the quarter, ZUMZ is still down over 15% for the year. 



Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI