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Jefferies Is Optimistic On Under Armour Long-Term, But...There's A Big 'But'
Wednesday, March 25, 2015 - 8:52am | 336In a report published Wednesday, Jefferies analyst Randal Konik reiterated a Hold rating and $73 price target on shares of Under Armour Inc (NYSE: UA) following investor meetings with the company's management team. Here are Konik's takeaways from the meeting: Footwear: Under Armour...
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Brian Sozzi Says Under Armour's New Basketball Shoes Represents An Underdog Story
Friday, February 13, 2015 - 11:41am | 375In an article published Friday on The Street, retail analyst Brian Sozzi wrote that Under Armour Inc's (NYSE: UA) new basketball shoes, the "Curry One" is meant to send a clear message to its rivals that it is ready to compete with the "big boys." Under Armour unveiled the Curry One on Thursday at...
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Credit Suisse Turns Bearish On Foot Locker, Downgrades To Neutral
Friday, January 9, 2015 - 9:17am | 236Seth Sigman of Credit Suisse on Friday downgraded shares of Foot Locker, Inc. (NYSE: FL) to Neutral from Outperform with no change to a previous $57 price target. “Foot Locker stock has recovered after the recent pullback on Finish Line's comments, and in general has been a strong outperform over...
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Wedbush: Foot Locker Benefited From 'Strong Shoe Release' Lineup In December
Monday, December 22, 2014 - 11:12am | 161According to Morry Brown of Wedbush, Foot Locker, Inc. (NYSE: FL) has seen elevated traffic levels in December following new shoe releases. “Recent interviews with managers at core Foot Locker stores indicate holiday sales in December were off to a strong start aided by a string of strong new...
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Bank Of America On Finish Line: 'Trends Healthy, But Promos Upticking'
Wednesday, December 10, 2014 - 10:20am | 221Robert Ohmes of Bank of America commented on Wednesday following key takeaways he observed at the Roosevelt Field Mall during the Holiday shopping period thus far. According to Ohmes, athletic footwear and apparel momentum appear to be “very healthy” with strength seen in Nike Inc (NYSE: NKE) and...
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Deutsche Bank's Footwear Report: Basketball, Running Shoes Sales Going Strong
Wednesday, November 19, 2014 - 3:00pm | 230Dave Weiner of Deutsche Bank released his weekly Athletic Footwear data on Wednesday. The analyst notes that total athletic footwear sales (per SportScan Info SSI) rose 2.5 percent in the week ending November 15. The weekly gains were due solely to basketball and running shoes as all other...
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Citigroup Names Dicks Sporting Goods, Foot Locker As Top Apparel And Footwear Picks
Monday, October 27, 2014 - 9:49am | 450Kate McShane of Citigroup previewed the apparel and footwear segment ahead of the 2014 holiday shopping season and named Dicks Sporting Goods Inc (NYSE: DKS) and Foot Locker, Inc. (NYSE: FL) as top picks. "Although we are still seeing mixed results from our companies from September and...
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Foot Locker Reports Record Sales And Profits; Shoe Manufacturers Trade Higher
Friday, August 22, 2014 - 2:11pm | 391Foot Locker (NYSE: FL) reported its second quarter results Friday morning. The retailer earned $0.64 per share, topping analyst expectations. Revenue of $1.64 billion was $70 million higher than analysts expected. In a statement, Foot Locker's Chief Executive Officer Ken Hicks said that...