Stock Rating Upgrade
The Value Trend Rating for Zumiez Inc (NASDAQ: ZUMZ) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 12/15/23, Zumiez Inc (NASDAQ: ZUMZ) stock declined by -2.7%, closing at $19.39. Moreover, this decline was accompanied by unusually high trading volume at 164% of normal. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, ZUMZ is expected to be Value Creation neutral.
Zumiez has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Zumiez has a neutral Appreciation Score of 49 but a good Power Rating of 81, producing the Positive Value Trend Rating.
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