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Job Postings By Shoe Company Allbirds Suggest IPO Afoot
Sunday, April 18, 2021 - 1:52pm | 498Allbirds Inc, the San Francisco-based sustainable footwear and apparel brand, has been rumored to be heading towards an IPO. It now may be inching its way closer, if its recent job postings are any indication. What Happened: The company lately has been posting a notice that it is seeking an "...
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Piper Sandler Upgrades Under Armour, Says 'Unloved' Stock Still Has Room To Run
Thursday, February 11, 2021 - 2:25pm | 351Under Armour Inc (NYSE: UAA) is an "unloved" company among analysts but the company has a path to deliver upside versus expectations, according to Piper Sandler. The Under Armour Analyst: Erinn Murphy upgraded Under Armour's stock from Neutral to Overweight with a price...
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Piper Sandler Highlights Continued Foot Locker Store Closures In Downgrade
Monday, November 23, 2020 - 4:41pm | 433Footwear and apparel retailer Foot Locker, Inc. (NYSE: FL) is entering the final weeks of 2020 with many of its stores closed, and its long-term post-pandemic outlook has its own separate headwinds, according to Piper Sandler. The Foot Locker Analyst: Erinn Murphy downgraded Foot Locker from...
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BofA Highlights Valuation Concerns In VF Corp Downgrade
Monday, October 19, 2020 - 3:08pm | 327Apparel and footwear VF Corp (NYSE: VFC) reported a 10% decrease in Vans brand revenue and this should prompt investors to turn bearish on the stock, according to BofA Research. The VF Analyst: Robert Ohmes downgraded VF's stock from Neutral to Underperform with an unchanged $65...
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Foot Locker Is Well Positioned For The Holidays, Analyst Says In Upgrade
Tuesday, October 13, 2020 - 10:46am | 304Foot Locker, Inc. (NYSE: FL) is well positioned as a strategic Nike Inc (NYSE: NKE) wholesaler and should see market share gains ahead of the holidays, according to BofA Securities. The Foot Locker Analyst: Robert Ohmes upgraded Foot Locker's stock from Underperform to Buy with a price...
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Analyst Talks Nike's Leadership Shuffle
Wednesday, February 19, 2020 - 5:39pm | 380Nike Inc (NYSE: NKE) announced Tuesday a handful of leadership changes, including a new CFO, COO, and president of consumer and marketplace. According to BMO Managing Director Simeon Siegel, Nike is demonstrating the strength of its management roster. What Happened Despite multiple leadership...
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'Not Satisfied': The Street's Reaction To Under Armour's Q4
Wednesday, February 12, 2020 - 3:37pm | 653Under Armour Inc (NYSE: UAA) reported fourth-quarter results that prompted a big sell-off in the stock. Multiple Street analysts have weighed in to debate if investors should buy the dip. CEO 'Not Satisfied' Under Armour CEO Patrik Frisk said during the company's conference call he is...
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Citi Turns Bullish On Deckers Outdoor, Highlights Strength Of Hoka Brand
Friday, January 24, 2020 - 3:26pm | 263Citi analysts turned bullish on Deckers Outdoor Corp (NYSE: DECK) stock as its Hoka brand is underappreciated. The Analyst Paul Lejuez upgraded Deckers Outdoor from Neutral to Buy with a price target lifted from $180 to $230. The Thesis Shoe company Deckers might be best known for its UGG brand,...
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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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Shoe Expert: NBA Fallout In China Could Lead To Consumers Ditching Nike, Under Armour
Friday, October 11, 2019 - 11:45am | 626The Los Angeles Lakers and Brooklyn Nets preseason game took place as scheduled in Shanghai, China Thursday despite fears of a cancellation. The Lakers and Nets played a close game in front of a sold out crowd of 18,000, and it appears likely the teams will also play their rematch in China on...
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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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Footwear Companies Lobby Trump To Remove Tariffs
Wednesday, August 28, 2019 - 4:36pm | 146On Aug. 1, President Donald Trump announced that he will impose additional 15% tariffs on $300 billion in Chinese imports. Footwear firms are asking Trump to cancel the tariffs, The Hill reported Wednesday. More than 200 companies that signed a letter to Trump argued the tariffs are...
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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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Analysts: Athletic Brands Aren't Making Enough Products For Women
Wednesday, July 24, 2019 - 9:15am | 1070One of the most noticeable shifts in women's fashion has been the embrace of athleisure and sneakers. Still, many analysts believe the industry has significantly underperformed in serving the female athlete — and that the category could serve as a catalyst moving forward. While female...
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Wall Street Optimistic On Skechers After Record Q2
Friday, July 19, 2019 - 3:35pm | 422Skechers USA Inc (NYSE: SKX) shares were trading sharply higher Friday, one day after posting a big second-quarter earnings beat and record quarterly net sales. Here's what two analysts had to say after the print. Stifel Stifel analyst Jim Duffy said he is highly encouraged by...