Zalando (OTCMKTS:ZLNDY) Rating Lowered to Hold at DZ Bank

Zalando (OTCMKTS:ZLNDY – Get Free Report) was downgraded by equities researchers at DZ Bank from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

A number of other analysts also recently commented on the company. Sanford C. Bernstein upgraded Zalando from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Citigroup reissued a “buy” rating on shares of Zalando in a research report on Thursday, May 14th. Finally, Barclays upgraded Zalando to a “strong-buy” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Zalando has an average rating of “Hold”.

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Zalando Price Performance

Zalando stock opened at $14.11 on Friday. Zalando has a 1 year low of $10.84 and a 1 year high of $17.15. 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 firm has a 50 day moving average price of $13.05 and a 200 day moving average price of $13.20. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 54.27 and a beta of 1.54.

Zalando (OTCMKTS:ZLNDY – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.20) earnings per share 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%. Sell-side analysts predict that Zalando will post 0.47 earnings per share for the current year.

About Zalando

(Get Free Report)

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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