Zalando (OTCMKTS:ZLNDY) Cut to Hold at Cfra Research

Zalando (OTCMKTS:ZLNDY) was downgraded by equities researchers at Cfra Research from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the company. Citigroup restated a “buy” rating on shares of Zalando in a report on Tuesday, May 13th. Morgan Stanley reissued an “underweight” rating on shares of Zalando in a research note on Monday, July 14th.

Zalando Price Performance

Shares of ZLNDY opened at $13.75 on Monday. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of 24.12 and a beta of 1.54. Zalando has a fifty-two week low of $11.55 and a fifty-two week high of $20.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 0.89. The business’s 50-day moving average is $15.78 and its 200-day moving average is $17.34.

Zalando (OTCMKTS:ZLNDY) last issued its earnings results on Wednesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Zalando had a net margin of 2.49% and a return on equity of 10.50%. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $2.52 billion. Equities research analysts expect that Zalando will post 0.5 EPS for the current fiscal year.

Zalando Company Profile

Zalando SE operates an online platform for fashion and lifestyle products. The company operates through Fashion Store and Offprice segments. It provides shoes, apparel, accessories, and beauty products with free delivery and returns, as well as various payment options. The company also sells its products through Lounge by Zalando; and brick-and-mortar outlet stores.