Piper Jaffray Maintains Zumiez Neutral Rating, $25 PT (ZUMZ)

Piper Jaffray maintained its Zumiez ZUMZ Neutral rating and $25 price target in a research report published today. In the report, Piper Jaffray states, "ZUMZ reported a strong +15.3% January comp, which was ahead of consensus estimates of +8.1% and LY's +1.8%. With business trending positively throughout the month (traffic, regions, categories), we believe ZUMZ solid results are emblematic of a strong snow season as well as a resurgence in action sports. As such, we have revised our FQ4 comp estimate from +12% to +13% and are slightly raising our FQ4E EPS." Shares of Zumiez are at $24.66 in pre-market trading at the time of posting, up 4.31% from Wednesday's market close.