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Street Reacts To Dick's Sporting Goods Q4 Earnings, Stock Drop: Stay On The Sidelines
Wednesday, March 13, 2019 - 10:34am | 937Retailer Dicks Sporting Goods Inc (NYSE: DKS) on Tuesday morning reported fourth-quarter results that came in better than expected. Gross margins fell during the quarter and management offered concerning guidance for 2019. Here is a summary of how some of the Street's top analysts reacted to...
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Cowen: Puma's Q4 Strength Bodes Well For Nike, Adidas Earnings
Tuesday, February 19, 2019 - 3:33pm | 600Puma AG Rudolf Dassler Sport (OTC: PMMAF) remains one of the hottest brands in athletic apparel. The German sportswear brand finished its fiscal year with strong brand momentum after surpassing the 2 billion-euro sales mark for the first time, but the company issued a conservative EBIT outlook...
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Under Armour Posts Q4 Earnings Beat, But Analysts Unconvinced
Wednesday, February 13, 2019 - 4:32pm | 792Under Armour Inc (NYSE: UAA) shares rose after the apparel maker reported a surprise fourth-quarter earnings beat. Still, several Wall Street analysts said in research reports that they're are unconvinced that Under Armour is an attractive buy. Wedbush Discouraged By Demand,...
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The Street Debates Skechers Q4: Sustainable Momentum Or One-Off Quarter?
Friday, February 8, 2019 - 12:47pm | 727Skechers USA Inc (NYSE: SKX) reported Thursday afternoon with a strong fourth-quarter earnings report and encouraging first-quarter guidance. Here's how the Street reacted to the footwear company's print and outlook. The Analysts Cowen's John Kernan maintains a Market...
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Columbia Capitalizes On Cold Weather With Strong Q4 Earnings: The Sell-Side Reacts
Friday, February 8, 2019 - 11:34am | 593Columbia Sportswear Company (NASDAQ: COLM) shares were higher by more than 15 percent Friday after the apparel retailer announced a fourth-quarter earnings beat, superior guidance and a $200-million buyback after Thursday's close. Earnings per share came in at $1.63 on sales of...
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Wedbush: Nike Has Upside Potential Heading Into 2019
Friday, December 14, 2018 - 6:32pm | 475Nike Inc (NYSE: NKE) looks promising ahead of its earnings report next week, according to Wedbush. The Analyst Analyst Christopher Svezia maintains an Outperform rating on Nike with a $90 price target. The Thesis Ahead of the Nike second-quarter report scheduled for Dec. 20, Svezia said underlying...
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Under Armour Slides After Five-Year Plan Fails To Excite Investors
Thursday, December 13, 2018 - 2:16pm | 826Under Armour Inc (NYSE: UAA) shares took a nosedive Wednesday after the highly anticipated five-year plan unveiled at its Investor Day meeting failed to impress investors. CEO Kevin Plank introduced the company’s 2023 strategic growth plan at the meeting and said it was designed around two...
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Dick's Sporting Goods Reports Mixed Q3: An Analyst Roundup
Friday, November 30, 2018 - 5:20pm | 722Dicks Sporting Goods Inc (NYSE: DKS) reported mixed third-quarter results Wednesday and analysts had plenty to say about it. JPMorgan JPMorgan analyst Christopher Horvers said Dick’s risk-reward is turning more balanced — and after a 47-percent gain in shares over the past...
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Skechers Shares Jump After Q3 Earnings Beat, Analysts Lift Price Targets
Friday, October 19, 2018 - 3:50pm | 439Skechers USA Inc (NYSE: SKX) are soaring higher after reporting a third-quarter earnings beat after the close Thursday. The Manhattan Beach, California-based footwear brand delivered Q3 earnings of 58 cents per share, beating estimates by 6 cents. While the footwear maker missed ...
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Sell-Side Overwhelmingly Bullish On Nike Despite Post-Earnings Pullback
Wednesday, September 26, 2018 - 1:52pm | 552Nike Inc (NYSE: NKE) shares are down despite reporting a first-quarter beat that has the company on track to do roughly $40 billion in sales in 2019. The Analysts Weigh In Stifel analyst Jim Duffy said Nike’s first quarter was a strong start to the year that showcased acceleration in...
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Nike Earnings Preview: Wedbush Expects Strong Q1, Accelerating Momentum
Monday, September 10, 2018 - 2:08pm | 389Nike Inc (NYSE: NKE) is set to report fiscal first-quarter earnings after the market close Sept. 25. The Analyst Wedbush analyst Christopher Svezia reiterated an Outperform on Nike and upped the price target from $85 to $90, suggesting 12-percent upside. The Thesis In Q1, Nike may have...
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Steve Madden's Valuation Has Gone A Step Too Far, Wedbush Says In Downgrade
Wednesday, July 11, 2018 - 3:58pm | 466Steve Madden, Ltd. (NASDAQ: SHOO) continues to be a leader in the footwear industry — the brand was named Footwear News' company of the year in 2017 — but its valuation is exceeding guidance, according to Wedbush. The Analyst Wedbush analyst Christopher...
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'A Clear Comeback': Nike Stock Hits All-Time High After Q4 Blowout
Friday, June 29, 2018 - 1:48pm | 695Nike Inc (NYSE: NKE) just keeps doing it. Shares of the world’s largest sportswear company are racing toward all-time highs after delivering a fourth-quarter earnings beat Thursday. Nike appears to emerged relatively unscathed from a severe management shakeup and pervasive ...
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The Bullish Signals That Won Nike A Price Target Increase From Wedbush
Thursday, June 14, 2018 - 1:57pm | 416Nike Inc (NYSE: NKE) could be nearing an inflection point, an incrementally bullish Wedbush analyst said in a new report. The Analyst Wedbush’s Christopher Svezia maintained an Outperform rating on Nike and raised the price target from $75 to $82. The Thesis With accelerating...
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Nike Set For North American Sales Growth, Says Wedbush Analyst
Friday, January 19, 2018 - 1:55pm | 435Nike Inc (NYSE: NKE) has found itself in a position it's unaccustomed to in North America: the comeback kid. The Analyst Christopher Svezia of Wedbush upgraded Nike from Neutral to Outperform and raised the price target from $57 to $74. The Thesis Nike has reached an inflection point in...