{"id":1858,"date":"2008-09-15T13:09:14","date_gmt":"2008-09-15T20:09:14","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=1858"},"modified":"2008-09-15T13:09:21","modified_gmt":"2008-09-15T20:09:21","slug":"zumiez-gets-the-pj-downgrade","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=1858","title":{"rendered":"Zumiez Gets the PJ Downgrade"},"content":{"rendered":"<p>Analysts at <strong><a href=\"http:\/\/www.piperjaffray.com\/\" target=\"_blank\">Piper Jaffray &#38; Co<\/a><\/strong>. downgraded <strong><a href=\"http:\/\/www.zumiez.com\/\" target=\"_blank\">Zumiez<\/a><\/strong> today saying that the companies shares have &#8220;surpassed our target objective&#8221; and are &#8220;trading essentially in line with the long-term earnings growth rate&#8221; and they&#8217;re giving Zumez a &#8220;neutral.&#8221;<\/p>\n<blockquote><p>We expect shares to trade in range into the 1H of 2009 and would recommend adding to positions on sector pullbacks &#8211; longer-term, ZUMZ offers a superior investment profile. Our 2-3 year outlook remains positive, tied to square footage growth, solid category trends, and the company&#8217;s ability to orient its merchandise to evolutions in lifestyle cycles. We&#8217;ve re-set our 12-month price target to $18\/share based on 20x FTME EPS (FQ4-FQ3), in line with the company&#8217;s LT earnings growth rate. <\/p><\/blockquote>\n<p>Sure, fine.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.streetinsider.com\/Downgrades\/Piper+Jaffray+&amp;+Co.+Downgrades+Zumiez+(ZUMZ)+to+Neutral\/3987552.html\" target=\"_blank\">Street Insider<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at Piper Jaffray &#38; Co. downgraded Zumiez today saying that the companies shares have &#8220;surpassed our target objective&#8221; and are &#8220;trading essentially in line with the long-term earnings growth rate&#8221; and they&#8217;re giving Zumez a &#8220;neutral.&#8221; We expect shares to trade in range into the 1H of 2009 and would recommend adding to positions [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,16,3,4,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/1858"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1858"}],"version-history":[{"count":0,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/1858\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1858"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}