Piper Jaffray's Highlights From ICR XChange

Piper Jaffray has published a research report on Zumiez Inc. (NASDAQ: ZUMZ) after attending the 13th Annual ICR Xchange.

In the report, Piper Jaffray writes "We maintain our Neutral rating on shares of ZUMZ following CEO Rick Brooks and CFO Trevor Lang's presentation. Management's key business strategies include its unique culture, potential growth to 600-700 stores (from a current base of 400), and its continuing adaptation to retail's "new normal." ZUMZ management appeared confident about business trends and noted that action sports is still a large and growing industry and that they are executing their plan for this season."

Piper jaffary also maintains its $25 price target on Zumiez, which closed yesterday at $23.95.