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Wall Street Reacts To Nike's First Earnings Miss In 7 Years
Friday, June 28, 2019 - 2:25pm | 625Nike Inc (NYSE: NKE) is coming off a surprise fourth-quarter earnings miss Thursday; here's how Wall Street is reacting. BofA: Just Don't Do It Bank of America Merill Lynch analyst Robert Ohmes was particularly bearish on Nike, lowering his earnings estimates for the first...
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StockX Reaches $1B Valuation, Latest VC Funding Round The Largest Ever For A Michigan Company
Wednesday, June 26, 2019 - 8:21am | 506StockX, a Detroit-based company that operates a "stock market of things" business, finalized a Series C financing round at a valuation north of $1 billion. What To Know StockX was launched in 2016 and facilitates buying and selling of sneakers, watches, handbags and streetwear. The real-...
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Foot Locker Stumbles On Q1 Miss
Friday, May 24, 2019 - 8:49am | 283Foot Locker, Inc. (NYSE: FL) reported first-quarter earnings of $1.53 per share Friday, missing the analyst consensus estimate of $1.61 by 4.97 percent. The figure is a 5.52-percent increase over earnings of $1.45 per share in the same period last year. Foot Locker reported quarterly sales of $2....
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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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How Champion's Retro Resurgence Is Driving Hanesbrands
Tuesday, April 23, 2019 - 5:07pm | 678Hanesbrands Inc. (NYSE: HBI) has had a remarkable 2019 so far, with shares up over 49 percent year-to-date. The resurgence of the company's Champion brand has certainly played a pivotal role. Champion recently celebrated its 100-year anniversary and has recently harnessed its legacy heritage to...
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Crocs Trading At Balanced Risk-Reward Profile, Piper Jaffray Says In Downgrade
Tuesday, April 23, 2019 - 2:16pm | 408Footwear maker Crocs, Inc. (NASDAQ: CROX) has seen its stock rise more than $10 per share from around the $15 level last year and now has a balanced risk-reward profile, according to Piper Jaffray. The Analyst Erinn Murphy downgraded Crocs from Overweight to Neutral with an unchanged $31...
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Baird Remains Confident In Nike, Prefers Foot Locker
Wednesday, April 10, 2019 - 2:34pm | 538Sportswear over performance continues to be the path for growth in athletic apparel, according to a new Baird report. The Analyst Baird analyst Jonathan Komp maintained a Neutral rating on Nike with an $87 price target. Komp maintains an Overweight rating on Foot Locker with a $77 price...
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Credit Suisse Bullish On Foot Locker After Investor Day
Friday, March 29, 2019 - 12:11pm | 364Foot Locker, Inc. (NYSE: FL) is receiving some positive analyst coverage after hosting an analyst day Thursday. The Analyst Credit Suisse analyst Michael Binetti maintained an Outperform rating on Foot Locker and raised the price target from $75 to $77. The Thesis: Binetti said he...
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Cramer On Nike's Stock: Take Advantage Of The Dip
Tuesday, March 26, 2019 - 8:28am | 352Jim Cramer thinks investors should take advantage of Nike Inc (NYSE: NKE)'s stock, which fell nearly 7 percent last Friday in reaction to its third-quarter results. What Happened Nike's earnings report showed weaker-than-expected North American sales growth, which disappointed investors....
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Experts React To Nike's Q3: Were Expectations Too High?
Friday, March 22, 2019 - 10:08am | 470Nike Inc (NYSE: NKE) reported fiscal third-quarter results Thursday that sent the stock lower as investors showed signs of concerns with poor North American sales. Poser: Expectations Were High Nike was up against high expectations in the recent quarter, and when investors take a...
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Analysts Mixed On Foot Locker Following Strong Q4 Earnings
Monday, March 4, 2019 - 5:49pm | 424Foot Locker, Inc. (NYSE: FL) last week reported fourth-quarter results that came in better than expected across multiple metrics and an encouraging outlook to 2019. Despite the stock's initial strong reaction, some Street analysts aren't running away with it. Morgan Stanley: Concerns Into...
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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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As Nike Rebounds, So Does Foot Locker, Says Bullish Jefferies
Friday, January 25, 2019 - 3:14pm | 468With the fourth quarter almost in the books, Jefferies sees several encouraging signs from Foot Locker, Inc. (NASDAQ: FL). The Analyst Jefferies analyst Janine Stichter maintains a Buy rating and raises her price target from $62 to $67. The Thesis Foot Locker’s business continues to...
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What's Next For Nike's Stock After Crushing Earnings?
Friday, December 21, 2018 - 9:48am | 400Nike, Inc. (NYSE: NKE) handily beat expectations in its fiscal second-quarter earnings report Thursday, but two experts see the stock moving in different directions in 2019. Chart Pro: Technicals Were 'Falling Apart' Heading into Nike's earnings print, the stock was trading lower...
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DSW Delivers Strong Quarter, But Camuto Acquisition Keeps Canaccord Neutral
Wednesday, December 12, 2018 - 5:35pm | 429DSW Inc. (NYSE: DSW) delivered an impressive third-quarter beat Tuesday, but complexities and uncertainty around the business are keeping a notable analyst on the sidelines. The Analyst Canaccord Genuity analyst Camilo Lyon maintains a Hold rating and raised the price target from $27 to $28....