Zumiez (ZUMZ) Above-Consensus Profit; RBC Capital Ups View on Dollar Tree (DLTR)

Zumiez_ZUMZ

 

Shares of Zumiez, Inc. (Nasdaq:ZUMZ) touched a new 52-week low of $11.53 in early trade Friday, but later corrrected direction to finally close the trading session at $14.64, up $0.74 (or +5.32%).

The company delivered stronger-than expected quarterly financial results, but its net income guidance range of approximately $0.40 to $0.46 per diluted share for fiscal 2015 was well-below analysts’ expectations of $0.63 earnings per share for the period

For its third quarter fiscal 2015, Zumiez posted net sales of $204.3 million and net income of $9.65 million or $0.36 per diluted share, topping the Capital IQ Consensus Estimate of $0.29 earnings per share on revenues of $204.21 million for the period

Zumiez, a leading specialty retailer, has 26.67M Shares Outstanding, Market Capitalization (intraday) of $390.38M and ZUMZ stock 52-week range is between $11.53 and $41.81 per share

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Dollar_Tree_DLTR

 

 

 

 

Brokerage firm RBC Capital Markets upgraded Dollar Tree, Inc. (Nasdaq:DLTR) stock from an Outperform to a “Top Pick” rating and raised its price target from $88.00 to $90.00

Dollar Tree recently reported third quarter 2015 sales of $4.95 billion, a 136.0% increase year over year, and the period represented its 31st quarter in a row of positive same-store sales

DLTR stock closed at $77.24, up $3.15 (or +4.25%), and 4,479,004 of its shares were traded on Friday’s market activity

Dollar Tree, North America’s leading operator of discount variety stores, has 234.80M Shares Outstanding, Market Capitalization (intraday) of $18.14B and DLTR stock one-year range is between $60.31 and $84.22 per share

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