Andrew Burns

Acushnet Holdings Corp (NYSE: GOLF) reported its Q3 results at the high end of the preliminary guidance range. D.A. Davidson’s Andrew Burns reiterated a Buy rating on the company, with a price target of $23. Q3 Results Acushnet Holdings reported its Q3 revenue at $332.4 million, with adjusted...

Lululemon Athletica inc. (NASDAQ: LULU) reported robust Q3 results, with the revenue coming in at the high end of the guidance range and the EPS beating the guidance. D.A. Davidson’s Andrew Burns reiterated a Neutral rating on the company, while raising the price target from $63 to $75. Q3...

Lululemon Athletica inc. (NASDAQ: LULU) is set to report Q3 results after the market close Wednesday. While long-term sell-side sentiment for the athletic apparel company varies, the Street is mostly cautious for the long term leading into the short-term catalysts: Cowen analyst Oliver Chen (...

Lululemon Athletica inc. (NASDAQ: LULU) is scheduled to report its Q3 2016 results on December 7. Although the company faced a tough retail environment, the quarterly results are likely to meet expectations and the guidance would likely be reiterated, DA Davidson's Andrew Burns said in a...

D.A. Davidson’s Andrew Burns believes Acushnet Holdings Corp (NYSE: GOLF) ("Titleist")* is well positioned to sustain solid free cash flow and a profitable growth trajectory. Burns initiated coverage of the company with a Buy rating and price target of $23. Well Positioned “Product...

D.A. Davidson believes Under Armour Inc (NYSE: UA) is ready to forego margins in the near term if it would help achieve long-term success. The firm thinks that in an uncertain market, the company is aiming to boost its share through investments. The comments come on the heels of the sportswear...

Despite a slowdown in growth, NICS data continued to be at record levels in September. DA Davidson’s Andrew Burns said that Cabelas Inc (NYSE: CAB) had opened a store during this period, while Sportsman's Warehouse Holdings Inc (NASDAQ: SPWH) had opened two. Figures released by the...

D.A. Davidson’s Andrew Burns believes the long-term drivers of value creation for VF Corp (NYSE: VFC) remain intact, retail and category headwinds are likely to limit the company’s near-term growth potential. Burns downgraded the rating on the company from Buy to Neutral, while...

Following investor meetings with Callaway Golf Co’s (NYSE: ELY) management, D.A. Davidson’s Andrew Burns expressed increased confidence regarding the underlying fundamentals of the golf industry, opportunities for margin expansion and the company’s market share opportunities....

D.A. Davidson downgraded Performance Sports Group Ltd (NYSE: PSG) to Neutral from Buy following the uncertainty created by the company's delayed filing of its financials. Performance Sports said it has delayed the filing of its 10-K, including financial statements, for the year ended May 31, 2016,...

The core brand of Black Diamond Inc (NASDAQ: BDE) is approaching positive inflection, with gross margin expansion expected to restore profitability, DA Davidson’s Andrew Burns said in a report. He upgraded the rating on the company from Neutral to Buy, while raising the price target from $4...

Earning season is kicking into high gear, and active lifestyle footwear and apparel companies are on deck to report their quarterly results. Andrew Burns of D.A. Davidson favors owning shares of Under Armour Inc (NYSE: UA), VF Corp (NYSE: VFC) and Columbia Sportswear Company (NASDAQ: COLM) ahead of...

Despite a slight revenue miss, Nike Inc (NYSE: NKE) reported 4Q EPS marginally ahead of consensus. The company has been able to shine through against the backdrop of a challenging environment due to “strong execution and operational discipline,” DA Davidson’s Andrew Burns said in...

Lululemon Athletica inc. (NASDAQ: LULU) reported better-than-anticipated 1Q results, although the 2Q guidance was slightly below consensus. D.A. Davidson’s Andrew Burns reiterated a Neutral rating on the company, while raising the price target from $70 to $75. Beat Results The company...