Wedbush Maintains Neutral on Zumiez

Wedbush is out with its report today on Zumiez ZUMZ, maintaining Neutral. In a note to clients, Wedbush writes, "Although we believe the company could have better pricing power given niche branded assortments and mix of hardgoods and accessories that should dent any input cost pressures, we are still somewhat weary of the competitive landscape among teen retailers. As such, even though we anticipate upside to management's likely conservative Q2 guidance and current consensus, we recommend investors opportunistically take profits." Shares of ZUMZ closed Wednesday at $26.31.