Zumiez price target lowered to $16 from $19 at B. Riley

B. Riley lowered the firm’s price target on Zumiez to $16 from $19 and keeps a Neutral rating on the shares. While Q4 metrics exceeded estimates after adjusting for a goodwill impairment charge, quarter to date sales as of March 2 were down 3.1%, with quarter to date comps were down 6.2%, the analyst tells investors in a research note.