Zumiez downgraded to Neutral from Buy at B. Riley B. Riley downgraded Zumiez to Neutral with a reduced price target of $40 from $44. Firm's checks suggest a lackluster final week of Spring, an up-tick in promotions and discounting this week, and difficult comps the rest of the year.
Zumiez downgraded to Hold from Buy at BB&T BB&T downgraded Zumiez to Hold based on decelerating sales trends following yesterday's release of March comps that increased 5.5%, below the firm's estimate of 6.9%.
Zumiez reports March SSS up 5.5% Zumiez announced that total net sales for the five-week period ended April 4 increased 11.1% to $70.7M, compared to $63.6M for the five-week period ended April 5, 2014. The company's comparable sales increased 5.5% for the five-week period compared to a comparable sales decrease of 2.9% in the year ago period.