Zalando (OTCMKTS:ZLNDY) Downgraded to “Underperform” at Bank of America

Zalando (OTCMKTS:ZLNDY) was downgraded by equities research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a report released on Thursday, The Fly reports.

Several other analysts have also recently weighed in on ZLNDY. Berenberg Bank reaffirmed a “hold” rating on shares of Zalando in a report on Monday, August 9th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Zalando in a report on Wednesday, June 30th. Nordea Equity Research raised Zalando from a “hold” rating to a “buy” rating in a report on Friday, June 18th. Societe Generale reaffirmed a “buy” rating on shares of Zalando in a report on Wednesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Zalando in a report on Monday, July 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Zalando has a consensus rating of “Buy” and an average target price of $61.00.

Shares of ZLNDY opened at $44.35 on Thursday. The stock’s 50-day simple moving average is $52.37 and its 200 day simple moving average is $54.44. The stock has a market capitalization of $23.23 billion, a price-to-earnings ratio of 56.14 and a beta of 1.47. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.17 and a current ratio of 1.70. Zalando has a 52-week low of $42.38 and a 52-week high of $62.33.

Zalando (OTCMKTS:ZLNDY) last issued its quarterly earnings data on Thursday, August 5th. The company reported $0.27 earnings per share (EPS) for the quarter. The business had revenue of $3.29 billion for the quarter. Zalando had a return on equity of 16.15% and a net margin of 3.67%. On average, research analysts forecast that Zalando will post 0.55 earnings per share for the current fiscal year.

Zalando Company Profile

Zalando SE engages in the provision of online fashion and lifestyle platform. It offers shoes, apparel, accessories, and beauty products. It operates through the following segments: Fashion Store, Offspring, and All Other Segments. The Fashion Store segment focuses on its main sales channels. The Offspring segment includes the sales channels Zelando Lounge, outlet stores, and overstock management.

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