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As Finish Line's Q1 Earnings Approach, Some Concerned Top-Line Pressure In Athletic Retail Is Mounting
Tuesday, June 20, 2017 - 2:14pm | 416Piper Jaffray senior research analyst Erinn Murphy is taking a more cautious stance on Finish Line Inc (NASDAQ: FINL) as she maintains her Neutral rating but lowered her estimates. Murphy specifically cited a lack of comp money for retailers, negative impacts on margins from supply shortages,...
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Previewing Nike's Q4 Earnings: 3 Recent Developments Increase Concern
Tuesday, June 20, 2017 - 9:18am | 294Seeing concerns ahead, Piper Jaffray analyst Erinn Murphy maintains her Neutral rating on Nike Inc. (NYSE: NKE) with a $50 price target. 3 Recent Developments Create Concern “We believe adidas AG (ADR) (OTC: ADDYY)'s digital business growth eclipsed Nike's during the most recent...
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4 Key Points Will Determine How This Year Goes For Fossil Group
Monday, May 8, 2017 - 2:08pm | 814Ahead of Fossil Group Inc (NASDAQ: FOSL)'s first-quarter results, Piper Jaffray laid down four key points to the story. Additionally, the firm updated its segmented revenue and gross margin analysis. 1. Relevance Of Portfolio In A Smartwatch World Analyst Erinn Murphy said she believes Fossil's...
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Steve Madden A Shoe-In For Growth With Amazon Distribution, Fast-Turn Business Model
Thursday, February 23, 2017 - 3:45pm | 436Piper Jaffray has upgraded Steven Madden, Ltd. (NASDAQ: SHOO) to Overweight from Neutral as it believes the company can continue outperforming peers in 2017, given its durable business model. The upgrade comes ahead of Steven Madden's quarterly earnings on Feb. 28. Analyst Erinn Murphy expects...
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Piper Jaffray Downgrades Nike As Adidas And Others Have Hurt Its Growth
Thursday, September 8, 2016 - 10:40am | 370Nike Inc (NYSE: NKE) was downgraded to Neutral from Overweight (with a $58 price target) by analysts at Piper Jaffray. According to Piper Jaffray's Erinn Murphy, a downgrade justified following an on the ground fact finding mission across Europe, including meeting with Foot Locker,...
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Piper Jaffray Says Coach Is Firmly 'On Plan' With Its Turnaround
Wednesday, August 3, 2016 - 3:04pm | 389Piper Jaffray maintains its Overweight rating on top-pick Coach Inc (NYSE: COH) as it believes the company is "firmly on plan" with the company's turnaround strategy heading into the fourth-quarter earnings slated for August 9. For the fourth quarter, the brokerage sees the company to top estimates...
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PVH, Coach, Sequential Brands: Piper's Most Compelling Names Heading Into 36th Consumer Conference
Wednesday, June 8, 2016 - 3:51pm | 334Piper Jaffray analysts Erinn Murphy and James House highlighted PVH Corp (NYSE: PVH), Coach Inc (NYSE: COH) and Sequential Brands Group Inc (NASDAQ: SQBG) as the most compelling names to own as the brokerage headed into its 36th annual consumer conference. The analysts commented, "Investor interest...
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Piper's Murphy Lifts Ralph Lauren Target To $88 Following Investor Day
Wednesday, June 8, 2016 - 2:28pm | 219Piper Jaffray analysts Erinn Murphy, Christof Fischer and James House, have boosted their price target on Ralph Lauren Corp (NYSE: RL) shares to $88 from $81. The analysts have not changed their rating of Neutral. Piper Jaffray said Ralph Lauren CEO, Stefan Larsson, spoke to the following...
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GoPro Could Face Negative Order Revisions Heading Into 2016, Cleveland Research Warns
Thursday, December 3, 2015 - 12:20pm | 461Shares of GoPro Inc (NASDAQ: GPRO) lost nearly 5 percent on Thursday following several scathing reports from Wall Street analysts. Ben Bollin of Cleveland Research commented in a note that GoPro is likely facing order cuts heading into the end of the year while 2016 will prove to be a more...
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One Year Ago, GoPro Traded At 4x Its Current Price; What Happened?
Friday, November 13, 2015 - 3:30pm | 771Shares of GoPro Inc (NASDAQ: GPRO) have had a very tough year. For instance, on November 18, 2014, the stock closed at $84.10. As of Friday, November 13, 2015, the shares were trading around $21.50, at roughly one quarter of the price it traded at one year ago. So, let’s take a look at the...
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Under Armour Has No. 1 App Mindshare Among Consumers
Tuesday, September 15, 2015 - 2:05pm | 291Under Armour Inc (NYSE: UA) shares are up 41 percent year-to-date, but have lost 4 percent since August 17. Piper Jaffray’s Erinn E. Murphy initiated coverage of the company with an Overweight rating and a price target of $113. Under Armour’s fitness platform took the first...
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Ambarella's Stock Is Plunging And Taking GoPro With It
Wednesday, September 2, 2015 - 2:40pm | 716Shares of Ambarella Inc (NASDAQ: AMBA) plunged more than 12 percent Wednesday morning after the company's second-quarter print contained a weak third-quarter forecast for wearable-camera revenue. Investors and traders took Ambarella's poor guidance as a bullish sign for the wearable-camera segment...
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Fossil Still A Sell After 'Noisy' Quarter, Piper Says
Wednesday, August 12, 2015 - 10:34am | 256In a report published Wednesday, Piper Jaffray analyst Erinn E. Murphy maintained an Underweight rating on Fossil Group Inc (NASDAQ: FOSL), while reducing the price target from $60 to $53, after the company reported poor Q2 results. Fossil Group's Q2 sales fell short of expectations,...
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Piper Jaffray: Global Fashion Brands Remain Strong
Monday, August 10, 2015 - 10:19am | 497In a report published Monday, Piper Jaffray analyst Erinn Murphy offered her opinion following the Outdoor Retailer trade show in Salt Lake City where she met with management teams from Crocs, Inc. (NASDAQ: CROX), Wolverine World Wide, Inc. (NYSE: WWW), VF Corp (NYSE: VFC) and Under Armour Inc (...
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Watch Out Below? Piper Jaffray Cuts Michael Kors To Underweight
Friday, August 7, 2015 - 11:58am | 506In a report published Friday, Piper Jaffray analyst Erinn Murphy downgraded shares of Michael Kors Holdings Ltd (NYSE: KORS) to Underweight from Neutral with an unchanged $38 price target, despite the company reporting a sales and earnings per share beat in its first-quarter print. According to...