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Nike Sell-Side Roundup: Staying Bullish Is The Right Foot Forward
Wednesday, September 27, 2017 - 3:30pm | 495Despite its slight earnings beat, Nike Inc (NYSE: NKE) fell as much as 5 percent Wednesday after management guided for contracted gross margins and dampened sales growth. However, analysts professed justified bullishness. Here is what the sell-side had to say about Nike after its Tuesday quarterly...
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TJX Companies Continues Strength In Midst Of Retail's Rough Patch
Wednesday, August 16, 2017 - 11:29am | 646Reviewing TJX Companies Inc (NYSE: TJX)'s second-quarter results, analysts highlighted the company's continued strength in the midst of retail's rough patch. Jefferies referred to the second quarter print as refreshing, given most retailers are reporting disappointing results...
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3 Things To Listen For On Lululemon's Q1 Earnings Call
Friday, May 26, 2017 - 3:59pm | 274Credit Suisse issued comments Friday regarding Lululemon Athletica inc. (NASDAQ: LULU)’s first-quarter earnings call, scheduled for June 1 at 5 p.m. “We are concerned that recent weakness will not abate this quarter given evidence that markdown activity and SKU intensity continue to...
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Coach Bags Kate Spade: Here's What The Experts Think Of The Deal
Saturday, May 13, 2017 - 9:44am | 681The luxury goods space saw a M&A announcement earlier this week. Coach Inc (NYSE: COH) announced a deal to buy Kate Spade & Co (NYSE: KATE) for $18.50 per share, or a total transaction value of $2.4 billion in cash. The deal is expected to close in July and will be financed with $1.2...
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Canada Goose Somehow Pulls Off A Functional Brand With Luxury Appeal
Monday, April 10, 2017 - 9:31am | 396Canada Goose Holdings Inc. Subordinate Voting Shares (NYSE: GOOS) “has created a unique brand in our coverage universe: a functional brand that appeals to a luxury consumer,” Credit Suisse’s Christian Buss said in a note, while initiating coverage of the company with an Outperform...
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Analysts Respond To Lululemon's Q4 Beat, Weak Outlook
Thursday, March 30, 2017 - 2:00pm | 848Shares of Lululemon Athletica inc. (NASDAQ: LULU) were trading lower by more than 20 percent early Thursday morning in reaction to the company's fourth-quarter earnings report, which came in better than expected. However, the company's first-quarter revenue guidance of $510 million to $515 million...
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Wall Street Reacts To Nike's Q3 Results
Wednesday, March 22, 2017 - 2:50pm | 844Nike Inc's (NYSE: NKE) revenue miss in its third quarter earnings report resulted in a more than 5 percent decline in the stock. As investors sent a clear signal they aren't impressed with the report and the company's outlook, were Wall Street analysts equally as disappointed? Don...
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5 Upcoming Catalysts For Nike Bulls
Tuesday, March 14, 2017 - 12:44pm | 439Christian Buss of Credit Suisse reiterated his Outperform rating on Nike Inc (NYSE: NKE) as he becomes increasingly bullish on Nike given a series of incremental revenue catalysts, implying the recent market share losses will moderate in 2017. Following are the five incremental revenue catalysts...
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Finish Line Can't Keep Pace With Peers
Wednesday, December 28, 2016 - 3:30pm | 237Credit Suisse cut its price target and estimates on Finish Line Inc (NASDAQ: FINL) following weak quarter and disappointing guidance as the company continues to underperform in the athletic category and was unable to lap last year’s execution issues. Analyst Chrisitan Buss also noted that...
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Nike Managing Competitive Challenges Better Than Expected
Wednesday, December 28, 2016 - 11:47am | 256Nike Inc (NYSE: NKE)'s earnings release indicated that challenged businesses were stabilizing and highlighted the company’s speed of execution, Credit Suisse’s Christian Buss said in a report. He maintains an Outperform rating on the company, with a price target of $60. Buss raised the...
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With Signs Of Weakness In Women's Apparel, Lululemon Gets Downgraded By Credit Suisse
Wednesday, November 16, 2016 - 9:50am | 293Markdown intensity is likely to have increased for Lululemon Athletica inc. (NASDAQ: LULU) in the current quarter, and there are signs of weakness in Women's Tops, Credit Suisse’s Christian Buss said in a report. Buss downgraded the rating on the company from Outperform to Neutral,...
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Credit Suisse Concerned With Deckers Outdoor's Elevated SKU Counts
Thursday, October 20, 2016 - 11:58am | 440Credit Suisse is “increasingly cautious” on Deckers Outdoor Corp (NYSE: DECK) ahead of its second-quarter earnings on October 27 as it believes higher SKUs could pressure markdowns and hit gross margins in the second half. “We are increasingly cautious on DECK shares as the brown...
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Attention Nike Investors: 'Reasons For Caution Increase'
Wednesday, September 28, 2016 - 9:54am | 358Credit Suisse’s Christian Buss expressed concern that the quality of results reported by Nike Inc (NYSE: NKE) are deteriorating, while “top-line trends in key markets look shaky, gross margin pressure is persistent, and the company is reducing disclosure.” Buss maintained an...
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Credit Suisse Bullish On Lululemon With A $76 Price Target
Friday, September 2, 2016 - 9:40am | 324Lululemon Athletica inc. (NASDAQ: LULU) reported strong Q2 results, reflecting steady demand amidst a choppy environment, Credit Suisse’s Christian Buss said in a report. He reiterated an Outperform rating on the company, with a price target of $76. Healthy Demand Lululemon has been...
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Nike's North American Concerns Are Getting Priced In
Wednesday, June 29, 2016 - 10:42am | 288Nike Inc (NYSE: NKE) has reported “choppy” Q4 results and futures. Credit Suisse’s Christian Buss maintained an Outperform rating on the company, while lowering the price target from $68 to $63. Buss mentioned that Nike’s “with international strength overshadowed...