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ZU $17.4

ZU target price
17.40
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0
zulily, Inc.
Type
Subsidiary
Traded as NASDAQ: ZU
Industry Internet, online retailing
Founded December 10, 2009; 7 years ago (2009-12-10)
Founder Darrell Cavens, Mark Vadon
Headquarters Seattle, Washington, U.S.
Area served
North America, Canada, United Kingdom, Australia, Ireland
Key people
Darrell Cavens (CEO)
Mark Vadon, Chairman
Products Children’s and Women's Apparel, Toys, Infant gear, Home Decor
Services Flash sale notifications
Revenue $366 million (Aug. 05, 2016)
Net income
−$10.33 million (Year ended Dec. 30, 2012)
Parent QVC
Website zulily.com

Zulily is an American e-commerce company. Headquartered in Seattle, Washington, Zulily sells clothing, toys, and home products. Zulily was started in 2009 by Blue Nile executives Mark Vadon and Darrell Cavens. Its initial public offering valued the company at $2.6 billion.

Zulily was founded in 2009 by Mark Vadon and Darrell Cavens after Vadon's wife got pregnant and he was overwhelmed by the supplies they never knew they needed. Zulily went live on January 27, 2010 with an initial focus on children’s apparel. By the fourth quarter of 2010, Zulily was a cash-flow-positive business.

When Zulily went public in November 2013, the company had 2.6 million active customers and $331 million in revenue.

In August 2015, Zulily was purchased by Liberty Interactive's QVC division for $2.6 billion.In September 2017, Zulily launched Private Label Credit Card.

Zulily's target audience is mothers who are on the lookout for unique brands and products for their children; their audience has also been described as "young, tech-savvy mothers". Sales change daily, starting from 6 a.m. Pacific time, and they hold no inventory. In 2014, half of Zulily's orders came from mobile devices. Sales generally last 72 hours.

In 2015, it decreased the number of flash sales, in response to some customers who were overwhelmed by the amount of merchandise from which to select. Retaining customers is a challenge for it: "the flash-sale website is straining to hold on to customers and realizing it may have inundated shoppers with too many deals". Although revenue was up 29% in the first quarter of 2015 compared to the prior year, that was less of a huge increase than the 52% shown for the last quarter of 2014 compared to one year earlier, leading the company to lower its estimate of anticipated revenues in 2015.

Although the web site for the company says they hold no inventory, in 2015 they began to hold some merchandise in warehouses to shorten the time for delivery. The company is including some established brands in addition to the emerging brands on which it had completely relied.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2015-08-27 Lower Price Target KeyBanc Overweight $19.00 to $17.00
2015-08-27 Lower Price Target KeyCorp Overweight $19.00 to $17.00
2015-08-18 Reiterated Rating RBC Capital Hold $12.00 to $18.75
2015-08-18 Reiterated Rating Royal Bank Of Canada Hold $12.00 to $18.75
2015-08-07 Reiterated Rating Canaccord Genuity Hold $10.00
2015-08-06 Reiterated Rating Piper Jaffray Hold $10.00 to $14.00
2015-08-06 Reiterated Rating Piper Jaffray Cos. Hold $10.00 to $14.00
2015-07-21 Downgrade Goldman Sachs Buy to Neutral $16.00
2015-07-21 Downgrade Goldman Sachs Group Inc. Buy to Neutral $16.00
2015-05-10 Reiterated Rating Robert W. Baird Neutral $18.00 to $12.00
2015-05-10 Reiterated Rating Bank of America Neutral $18.00 to $13.00
2015-05-10 Reiterated Rating Bank of America Corp. Neutral $18.00 to $13.00
2015-05-06 Downgrade Stifel Nicolaus Buy to Hold
2015-05-06 Downgrade Oppenheimer Outperform to Market Perform $17.00 to $17.00
2015-05-06 Lower Price Target Citigroup Inc. Neutral $17.00 to $13.00
2015-05-06 Downgrade Oppenheimer Holdings Inc. Outperform to Market Perform $17.00 to $17.00
2015-04-01 Initiated Coverage Oppenheimer Outperform $17.00
2015-02-13 Downgrade Robert W. Baird Outperform to Neutral $42.00 to $18.00
2015-02-13 Downgrade RBC Capital Outperform to Sector Perform $45.00 to $18.00
2015-02-13 Downgrade Piper Jaffray Neutral
2015-02-13 Downgrade CRT Capital Buy to Fair Value $36.00 to $16.00
2015-02-13 Downgrade Canaccord Genuity Buy to Hold $38.00 to $18.00
2015-02-12 Downgrade William Blair Outperform to Market Perform
2015-02-09 Reiterated Rating Noble Financial Outperform
2015-02-03 Lower Price Target Stifel Nicolaus Buy $30.00 to $27.00
2015-01-09 Initiated Coverage Stifel Nicolaus Buy
2015-01-07 Initiated Coverage Stifel Nicolaus Buy $30.00
2014-11-05 Reiterated Rating Citigroup Inc. Neutral $38.00 to $36.00
2014-11-05 Reiterated Rating Bank of America Neutral $46.00 to $38.00
2014-11-05 Lower Price Target Canaccord Genuity Hold $45.00 to $38.00
2014-11-05 Lower Price Target RBC Capital Outperform $50.00 to $45.00
2014-10-17 Initiated Coverage Canaccord Genuity Buy $45.00
2014-09-17 Initiated Coverage Piper Jaffray Overweight
2014-09-16 Initiated Robert W. Baird Outperform $44
2014-09-16 Initiated Coverage Piper Jaffray Overweight $44.00
2014-09-15 Initiated Coverage Robert W. Baird Outperform $44.00
2014-09-02 Upgrade CRT Capital Fair Value to Buy $41.00
2014-08-07 Reiterated Rating Citigroup Inc. Neutral $41.00 to $38.00
2014-06-26 Boost Price Target RBC Capital Sector Perform to Outperform $50.00
2014-06-25 Upgrade Goldman Sachs Neutral to Buy
2014-06-13 Initiated Coverage CRT Capital Fair Value $41.00
2014-05-07 Reiterated Rating Citigroup Inc. Hold $46.00 to $41.00
2014-05-07 Lower Price Target RBC Capital Sector Perform $50.00 to $45.00
2014-02-25 Boost Price Target RBC Capital $40.00 to $50.00
2014-01-24 Initiated Coverage Janney Montgomery Scott Buy
2013-12-10 Initiated Coverage William Blair Outperform
2013-12-10 Initiated Coverage Citigroup Inc. Neutral $38.00
2013-12-10 Initiated Coverage Goldman Sachs Neutral $36.00
2013-12-10 Initiated Coverage Bank of America Neutral $39.00
2013-12-10 Initiated Coverage RBC Capital Sector Perform $40.00
2015-08-27 Lower Price Target KeyBanc Overweight $19.00 to $17.00
2015-08-27 Lower Price Target KeyCorp Overweight $19.00 to $17.00
2015-08-18 Reiterated Rating RBC Capital Hold $12.00 to $18.75
2015-08-18 Reiterated Rating Royal Bank Of Canada Hold $12.00 to $18.75
2015-08-07 Reiterated Rating Canaccord Genuity Hold $10.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In ZU 2 funds of 2213 total. Show all

Fund name Ticker shares
BAIRD ROBERT W & CO INC /WI/ 43640
MANAGED ACCOUNT ADVISORS LLC 1231

Major Shareholders

Name Relationship Total Shares Holding stocks
Alibaba Group Holding Ltd 33.09%  (11500000) ZU /
LEVITAN DAN 0.20%  (70823) PBPB / TRUP / ZU /