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Under Armour Analysts On Q3: 'All-Clear Signal Is Far From Here'
Monday, November 2, 2020 - 1:06pm | 671Under Armour Inc (NYSE: UAA)(NYSE: UA) shares were trading higher Monday after the company reported better-than-expected third-quarter earnings last week — and said its full-year numbers won’t be as bad as previously feared. Under Armour reported third-quarter adjusted EPS of 26 cents...
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Analysts Mostly Impressed With Nike's China Recovery
Wednesday, March 25, 2020 - 4:30pm | 794Nike Inc (NYSE: NKE) reported fiscal third-quarter results that came in better than expected and prompted a rally in the stock. Here is a summary of how some of the Street's top analysts reacted to the print and management's commentary. 5 Takeaways The five main takeaways from Nike...
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What The Street Thinks Of Under Armour's Q3 Beat As Accounting Investigation Continues
Wednesday, November 6, 2019 - 12:01pm | 726Under Armour Inc (NASDAQ: UAA) shares are recovering slightly after suffering a massive drop Monday after the company confirmed it's facing an investigation by the Securities and Exchange Commission and Justice Department into its accounting practices. On Monday, the apparel company reported a...
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'Significant Risk': Under Armour Analysts On Federal Investigation Of Apparel Company's Accounting
Tuesday, November 5, 2019 - 3:48pm | 624Under Armour Inc (NASDAQ: UAA) reported a solid third-quarter earnings beat Monday, but was any upside was drowned out by the news that the company's accounting is the subject of a probe by the SEC and Justice Department. The sportswear company is being investigated for its revenue-recognition...
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Wedbush Likes Skechers, Morgan Stanley Needs More Confidence
Thursday, October 24, 2019 - 3:51pm | 402Skechers USA Inc (NYSE: SKX) reported third-quarter results, which reinforced the case for being bullish for one Street analyst while another remains sidelined. The Analysts Wedbush analyst Christopher Svezia maintains an Outperform rating on Skechers with a $38 price target. Morgan Stanley analyst...
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What Mark Parker's Departure And John Donahoe's Arrival Means For Nike, ServiceNow
Wednesday, October 23, 2019 - 2:45pm | 753The footwear industry is undergoing a massive executive shakeup. It began Monday when Adidas AG (ADR) (OTC: ADDYY) CMO Eric Liedtke announced he was stepping down. Liedtke was largely responsible for Adidas’ resurgence in North America and was presumably the company’s next pick for CEO...
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'Nike Continues To Expand The Market': Analysts Applaud Q1 Beat
Wednesday, September 25, 2019 - 5:05pm | 836Nike Inc (NYSE: NKE) shares are in all-time high territory after the apparel company posted a first-quarter earnings beat Tuesday. Wells Fargo Weighs In Although expectations were very high heading into the first quarter, Nike was able to clear the bar with an earnings report that was solid from...
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Caleres Delivers Q2 Earnings Beat On Solid Famous Footwear Performance
Tuesday, August 27, 2019 - 2:39pm | 334Caleres Inc (NYSE: CAL) reported its second-quarter EPS ahead of expectations and reiterated its fiscal year 2019 guidance. With the stock multiples near historic lows, shares could rally on the earnings beat and reconfirmed outlook, according to Wedbush. The Analyst Wedbush’s Christopher...
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Wedbush Defends Foot Locker's Q2, Susquehanna Downgrades Stock
Monday, August 26, 2019 - 3:41pm | 438Foot Locker, Inc. (NYSE: FL) reported Friday second-quarter results highlighted by a notable comp miss but the bullish case for the stock can still be made, according to Wedbush. Making The Case Foot Locker's EPS and margins were mostly in-line with expectations in the second quarter but a 0.8...
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Wolverine World Wide Sees Price Target Cut Amid Weak Demand For Sperry Boat Shoes
Thursday, June 20, 2019 - 1:21pm | 325Wolverine World Wide, Inc. (NYSE: WWW) received a price target cut due to continued softness surrounding the brands Sperry boat shoe segment. The Analyst Wedbush analyst Christopher Svezia maintains an Outperform rating and lowered his price target from $38 to $35. The Thesis Weak demand for Sperry...
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Is Another Potential Acquisition Coming For Foot Locker? Analyst Looks At European Market
Monday, June 17, 2019 - 3:32pm | 369Foot Locker, Inc. (NYSE: FL) might be eyeing an acquisition in Europe, according to a report from Wedbush. The Analyst Wedbush analyst Christopher Svezia maintains an Outperform rating with a $64 price target. The Thesis Foot Locker appears to be looking into investment or acquisition opportunities...
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Wall Street Stays Neutral On Dicks Sporting Goods Amid Potential Exit From Hunting Category
Thursday, May 30, 2019 - 2:18pm | 574Dicks Sporting Goods Inc (NYSE: DKS) shares fell Wednesday and were volatile Thursday after the retailer reported a first-quarter beat. Here's what the sell-side had to say. Canaccord Genuity The first-quarter print was a mixed bag, and the higher guidance is mostly buyback-...
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Under Armour Analysts React To Fifth Beat-And-Raise Quarter; Footwear Growth Finally A Bright Spot
Saturday, May 4, 2019 - 4:06pm | 708The sentiment of Under Armour Inc (NYSE: UAA) analysts is beginning to shift after the retailer reported a much-needed first quarter sales beat Thursday. KeyBanc Capital Markets The first-quarter print points to continued momentum in Under Armour's turnaround, analyst...
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Wedbush: Nike's Increased Mid-Market Focus Bodes Well For Shoe Carnival, Famous Footwear
Wednesday, April 3, 2019 - 4:25pm | 585Nike Inc (NYSE: NKE)’s planned innovative product pipeline across the mid-market warrants a further look at Caleras Inc (NYSE: CAL) and Shoe Carnival, Inc. (NASDAQ: SCVL), according to Wedbush. The Analyst Wedbush analyst Christopher Svezia maintains the following ratings: Outperform...
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Adidas Surges Higher, But Lack Of Catalysts Persists
Thursday, March 14, 2019 - 3:26pm | 614Adidas AG (ADR) (OTC: ADDYY) shares were surging higher Thursday, one day after taking a dive amid fears that the company’s North American momentum was finally slowing following its fourth-quarter report. The company launched a remarkable comeback in 2015 in North America and has doubled...