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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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What The Kaepernick Campaign Means For Nike
Tuesday, September 4, 2018 - 4:52pm | 889Nike Inc (NYSE: NKE)'s decision to enlist Colin Kaepernick among others in a powerful advertising campaign has captivated many. Both #Nike and #BoycottNike were trending by Tuesday morning. Some called it one of the most controversial decisions Nike has ever made, a bold claim for a...
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Nike Receives Downgrade Ahead Of Q4 Print; Analyst Says 'Puma Hoops Worth Monitoring'
Friday, June 22, 2018 - 1:04pm | 362Nike Inc (NYSE: NKE) lost a Buy rating ahead of its fourth-quarter earnings report set for June 28. The Analyst Buckingham Research analyst Eric Tracy downgraded Nike from Buy to Neutral, but raised his price target from $75 to $80. The Thesis With shares up 18 percent year-to-date, Tracy now sees...
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Retail Analyst: Foot Locker, Skechers And Steve Madden Poised To Run Higher
Wednesday, April 18, 2018 - 3:32pm | 600Shoes are a new must-have for Buckingham Research. The firm initiated coverage on five companies Wednesday with bullish to neutral sentiment across manufacturers and distributors. Foot Locker: Buy, $54 Foot Locker, Inc. (NYSE: FL) is seen to have the most upside potential (28 percent) of the...
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Wall Street Bullish On PVH After Apparel Retailer Beats Q4 Estimates
Thursday, March 29, 2018 - 2:44pm | 559PVH Corp (NYSE: PVH) reported after the close Wednesday with fourth-quarter results that included a top-and-bottom-line beat, helping to push shares higher. Here's what some sell-side analysts are saying after the apparel congolomerate's print. The Analysts The Buckingham...
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Nike's Innovation Pipeline Fuels Analyst Optimism Ahead Of Q3 Report, Despite Management Shake-Up
Wednesday, March 21, 2018 - 12:16pm | 662Nike Inc (NYSE: NKE) is set to report earnings after the close on Thursday, March 22, one week after competitor adidas AG (ADR) (OTC: ADDYY) announced another quarter of double-digit growth in North America. B Riley Stays Neutral With Nike's promotional activity remaining high in North...
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Wall Street Remains Largely Bullish On Ross Stores After Q4 Print, 'Conservative' Guidance
Wednesday, March 7, 2018 - 5:28pm | 900Ross Stores, Inc. (NASDAQ: ROST) shares were down more than 6 percent at the close Wednesday after the company delivered a strong fourth-quarter earnings report accompanied with a cautious outlook. Here's a summary of what some Wall Street analysts are saying after the print. Price...
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5 Reasons For Buckingham's Neutral Under Armour Position
Friday, January 5, 2018 - 5:29pm | 411After suffering one of the worst performances in the market last year, analysts are beginning to warm up to Under Armour Inc (NASDAQ: UAA)'s potential long-term turnaround. The Analyst Buckingham Research Group’s Eric Tracy initiated coverage of Under Armour with a...
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This Analyst Predicts Nike Shares Could Rise 14% In 2018
Friday, January 5, 2018 - 2:13pm | 411After a not so stellar performance in the first half of 2017, shares of Nike Inc (NYSE: NKE) ended the year on a positive note, which has some Wall Street analysts convinced further share gains can be seen in 2018. The Analyst Buckingham Research Group's Eric Tracy initiated coverage of Nike...
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Hibbett Sports Shares Up 50%, Buckingham Analyst Says It Won't Last
Tuesday, November 21, 2017 - 5:28pm | 416Despite a disastrous year for the sporting goods industry, Hibbett Sports, Inc. (NASDAQ: HIBB) shares have managed to run up nearly 50 percent in November. It may be time to sprint off with the recent gains, according to one research firm. The Analyst Eric Tracy of Buckingham Research...
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Is The Price Right To Buy These 3 Discount Retail Stocks?
Thursday, October 19, 2017 - 3:15pm | 356In the off-price retailers sector, the Buckingham Research Group assumed coverage of Burlington Stores Inc (NYSE: BURL) with a Buy rating and a $107 price target, TJX Companies Inc (NYSE: TJX) with a Buy rating and a $85 price target and Ross Stores, Inc. (NASDAQ: ROST) with a Neutral rating and a...
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Dick's Sporting Goods Hit With A Slew Of Downgrades After Record Drop
Wednesday, August 16, 2017 - 1:20pm | 570Dicks Sporting Goods Inc (NYSE: DKS) experienced its greatest single day share decline after reporting weaker sales and earnings and cutting guidance in its second-quarter earnings report this week. The sporting goods leader was hit with a slew of downgrades, with increasing fears that defending...
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Why PVH Is Bucking The Retail Trend
Friday, January 6, 2017 - 11:06am | 303PVH Corp (NYSE: PVH) updated its FY 2016 fourth-quarter guidance on December 5, stating that it expected its EPS “at least at the top end” of its FY 2016 guidance of $6.70–$6.75. Brean Capital’s Eric Tracy maintains a Buy rating on the company, with a price target of $120....
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Look Beyond Trump Policy For Strong Fundamentals In Clothiers
Wednesday, January 4, 2017 - 9:47am | 337Given the multitude of near-term overhangs in the branded apparel segment, multiples are likely to be under pressure, creating investing opportunities in companies with stronger long-term positioning, Brean Capital’s Eric Tracy said in a report. Tracy reiterated Buy ratings on Hanesbrands Inc...
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Will Cyclical Slowdown Continue To Plague Nike?
Monday, December 19, 2016 - 9:08am | 300Brean Capital’s Eric Tracy expressed continued concern regarding Nike Inc (NYSE: NKE)'s ongoing cyclical slowdown in North America, which offsets international growth levers to a large extent while upside catalysts appear to be limited over the near term. Tracy maintains a Hold rating on...