Stock Rating Downgrade
The Value Trend Rating for Zumiez Inc (NASDAQ: ZUMZ) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Zumiez Inc (NASDAQ: ZUMZ) stock closed at $16.95 on 4/26/24 after a slight decline of -0.2%. However, below average trading volume at 68% of normal accompanied the decline. The stock has risen 18.0% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ZUMZ’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Zumiez has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Zumiez has a neutral Appreciation Score of 43 and a slightly negative Power Rating of 40, producing the Negative Value Trend Rating.
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