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This Analyst Is 'Throwing In The Towel' On Foot Locker
Monday, August 21, 2017 - 10:50am | 515On the Baird Equity Research roster, Foot Locker, Inc. (NYSE: FL) might just be the best player on the other team. The stock slid nearly 30 percent Friday on significant earnings misses, prompting analyst Jonathan Komp to downgrade shares Monday. The new Neutral rating reflects Baird's perception...
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The Premium Shoe Sales Slump Is Weighing On Foot Locker
Friday, August 18, 2017 - 2:38pm | 688Foot Locker Inc (NYSE: FL) is in disaster recovery mode after missing on earnings and sales in the second quarter, causing the stock to lose nearly a quarter of its value Friday. Looking to our recent footwear industry sector recap, outside of adidas AG (ADR) (OTC: ADDYY) and Puma AG Rudolf...
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Home Depot Called 'The Best House' On The Retailer Block
Wednesday, August 16, 2017 - 3:57pm | 534Despite a solid earnings report this week from Home Depot Inc (NYSE: HD), shares have failed to deliver any meaningful gains as investor fears of the Amazon.com, Inc. (NASDAQ: AMZN) effect proliferates nearly every retailer. Despite these fears, it may be short sighted to place those trepidations...
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Sell-Side Sees Opportunity To Bag Shares Of Coach On Post-Earnings Pullback
Wednesday, August 16, 2017 - 1:31pm | 551Investors turned their backs on Coach Inc (NYSE: COH) after Tuesday’s mixed earnings report, but Wall Street stood loyally by. The Buckingham Research Group called the 15-percent, $7.50 sell-off “overdone,” while UBS and Baird Equity Research tagged the pullback a buying...
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New York City Bans Tobacco Sales In Pharmacies; Will Walgreens Follow CVS's Lead And Exit This Category?
Saturday, August 12, 2017 - 2:46pm | 539It’s been a rough summer for the tobacco industry. After the U.S. Food and Drug Administration announced plans to limit nicotine intake, the New York City Council voted Thursday to raise the price of cigarettes, halve the number of licensed retailers and, in a move causing more widespread...
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Long Live The King? Disney Takes Streaming Into Its Own Hands
Wednesday, August 9, 2017 - 12:07pm | 581For a time, Walt Disney Co (NYSE: DIS) was content to share the wealth of its popular portfolio. But now it’s scrapping middlemen and taking distribution into its own hands. The company announced Tuesday its plans to launch ESPN- and Disney-branded over-the-top services in 2018 and 2019,...
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Nike's Stock Might Be A Better Idea In A Few Quarters
Wednesday, June 28, 2017 - 11:01am | 659Nike Inc (NYSE: NKE) will release its highly anticipated fourth-quarter earnings Thursday. Investors and analysts will be looking for some key commentary regarding the company's shift in strategy and recent Amazon.com, Inc. (NASDAQ: AMZN) partnership following the news of its “reset”...
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B-Dubs' Boardroom Brouhaha: What To Do With The Stock Now?
Monday, June 5, 2017 - 11:54am | 459Buffalo Wild Wings (NASDAQ: BWLD) CEO Sally Smith has announced her retirement following the company’s unsuccessful proxy battle with hostile activist investor Marcato Capital, which saw the firm take three board seats. Analyst's Take Of Management Shakeup With Smith set to retire by the end...
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Even If You Expect An iPhone 'Super Cycle', Has Apple Stock Just Gotten Too Expensive?
Friday, June 2, 2017 - 4:06pm | 383Very few analysts have anything but Buy ratings on Apple Inc. (NASDAQ: AAPL), but their optimism isn’t entirely unreserved. Heartened by in-house survey results indicating high iPhone 8 demand, Baird Equity Research analysts William Power and Charles Erlikh reiterated a Buy on the stock...
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Nintendo Switch Gives GameStop An Extra Life In Q1
Friday, May 26, 2017 - 10:51am | 425After reporting better-than-expected first-quarter results, Baird analyst Colin Sebastian maintains his Outperform rating and $24 price target on GameStop Corp. (NYSE: GME). He said: “We remain encouraged by continuing growth in the company's non-physical gaming segments. While Switch...
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Does Tesla's 'Blue Sky' Valuation Still Leave Room For Upside?
Wednesday, May 24, 2017 - 12:23pm | 400Is Tesla Inc (NASDAQ: TSLA) on a path to $500 per share? Baird Equity Research believes it's feasible if company management is able to achieve its stated targets. “Based on consensus revenue compound annual growth estimates for 2016-2019E, we do not believe there are any companies of...
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Why Foot Locker Is One Mall Stock That May Not Get Shuttered
Monday, May 22, 2017 - 1:36pm | 576Foot Locker, Inc. (NYSE: FL) shares fell significantly, over 17 percent from last Thursday into Friday, after the first-quarter earnings report miss last week. Citi's 4 Reasons To Buy Despite retails notable struggles recently, Citibank analyst Kate McShane does not view Foot Locker as a typical...
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Autodesk: Now The Conversation Gets Interesting
Friday, May 19, 2017 - 2:10pm | 517Posting revenue of $486 million and earnings per share loss of $0.16, Autodesk, Inc. (NASDAQ: ADSK) far exceeded Street expectations and rocketed its shares to all-time highs Friday. At the same time, it earned the praise of Baird Equity Research and Credit Suisse, each of which maintain Outperform...
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Fitbit Reports Solid Q1, Still Plans To Release Smartwatch This Year
Thursday, May 4, 2017 - 2:09pm | 273Baird Equity Research maintains its Neutral rating on Fitbit Inc (NYSE: FIT) Thursday, one day after the wearable device maker reported first-quarter earnings that exceeded expectations. Baird said quarterly earnings were solid, but uncertainty over the timing of its plans to release a smartwatch...
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Can Under Armour Get Back To Meeting Expectations?
Tuesday, April 18, 2017 - 2:57pm | 436Under Armour Inc (NYSE: UAA) is having a tough 2017. With shares down 35 percent year-to-date, Baird Equity Research analysts are suggesting that investors may be best served to remain patient in the near term. With expectations that are dramatically lower, Baird is hopeful that Under Armour can...