Jefferies Reiterates Hold Rating On Zumiez

According to Jefferies, Zumiez (NASDAQ: ZUMZ) Hold rating is reiterated.

Jefferies said that fundamentals remain solid but the sudden departure of the company's CFO is likely to weigh on the stock near-term and keep shares rangebound. “Good news here is the company bench is strong and should help guide the company on an interim basis. As such, we reiterate our Hold rating.”

Zumiez closed yesterday at $29.01.