Zalando (OTCMKTS:ZLNDY) Sets New 1-Year High – Here’s Why

Zalando (OTCMKTS:ZLNDY – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $16.37 and last traded at $16.34, with a volume of 6696 shares changing hands. The stock had previously closed at $15.53.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays upgraded shares of Zalando to a “strong-buy” rating in a research report on Wednesday, May 6th. Citigroup restated a “buy” rating on shares of Zalando in a research note on Thursday, May 14th. Finally, DZ Bank downgraded shares of Zalando from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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Zalando Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.58 and a current ratio of 1.09. The company has a market capitalization of $8.40 billion, a P/E ratio of 62.58 and a beta of 1.51. The business has a 50 day moving average of $14.27 and a 200-day moving average of $13.34.

Zalando (OTCMKTS:ZLNDY – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Zalando had a return on equity of 4.15% and a net margin of 0.89%. On average, sell-side analysts predict that Zalando will post 0.45 EPS for the current fiscal year.

About Zalando

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Zalando SE is a leading European online fashion and lifestyle platform, headquartered in Berlin, Germany. Established in 2008 by Robert Gentz and David Schneider, the company has built a marketplace that connects consumers with a broad selection of apparel, footwear, accessories and beauty products. Trading on the OTC Markets under the symbol ZLNDY, Zalando caters to style-conscious shoppers seeking both well-known international brands and emerging designers through its digital storefront.

Since its inception, Zalando has pursued rapid expansion across Europe, launching operations in key markets including Germany, France, Italy, the United Kingdom and the Nordics.

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