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Vans' Popularity Hits All-Time High Among Teens In Piper Jaffray Survey
Thursday, October 25, 2018 - 9:49am | 468VF Corp (NYSE: VFC)'s Vans brand is reaching all-time high levels of popularity among teens, according to Piper Jaffray. The firm's semi-annual "Taking Stock With Teens" survey saw Vans hit its highest numbers in the study's history at 19 percent mindshare, the closest...
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Is Nike A Tech Company? Oppenheimer Says A Transformation Is Underway
Thursday, October 18, 2018 - 2:32pm | 298Few investors consider Nike Inc (NYSE: NKE) a tech stock, but Oppenheimer said in an upgrade note that a "technological evolution is underway." The Analyst Oppenheimer's Brian Nagel upgraded Nike from Perform to Outperform with a $90 price target. The Thesis Nike continues to...
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Cowen: StockX's Influence In Footwear Is Accelerating After $44M Funding Round
Tuesday, October 16, 2018 - 4:09pm | 484The influence of the Detroit-based sneaker marketplace StockX in footwear is accelerating, according to Cowen. StockX recently raised $44 million in Series B funding, which increases its potential for marketplace disruption, analyst John Kernan said in a Monday note. The funding round,...
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2 Reasons Why Skechers Is No Longer A Buy At Citi
Tuesday, October 2, 2018 - 12:10pm | 392Shares of lifestyle and performance footwear maker Skechers USA Inc (NYSE: SKX) are down nearly 30 percent since the start of 2018, and investors may want to reconsider buying the stock, as it has limited near-term upside, according to Citi. The Analyst Citi's Kate McShane downgraded...
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Cowen Downgrades Skechers, Says Shoemaker Faces Forex, Inventory Pressures
Thursday, September 20, 2018 - 10:20am | 475Skechers USA Inc (NYSE: SKX) shares are down 27 percent year-to-date, but given the shoemaker's large valuation gap to peers, Cowen anticipates additional declines. The Analyst Cowen analyst John Kernan downgraded Skechers from Outperform to Market Perform and...
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Wells Fargo Upgrades Foot Locker On Nike Developments, Projects Comp Acceleration
Monday, September 10, 2018 - 9:26am | 425After Nike, Inc. (NYSE: NKE)’s launch of new advertising and an improved brand assortment, Wells Fargo is turning bullish on partner Foot Locker, Inc. (NYSE: FL) The Analyst Wells Fargo's Tom Nikic upgraded Foot Locker from Market Perform to Outperform and raised the price...
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NPD Group: Vans A Winner In Weak Back-To-School Season
Tuesday, August 28, 2018 - 2:46pm | 554The sales data more than halfway through the 2018 back-to-school season has been disappointing, according to a report from retail sales tracker NPD Group. From June 3 through July 28, sales of athletic footwear in the U.S. were essentially flat year-over-year, said NPD analyst Matt Powell....
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Pivotal Downgrades Columbia Sportswear Ahead Of Q2 Report
Wednesday, July 25, 2018 - 3:18pm | 379Apparel and footwear company Columbia Sportswear Co (NASDAQ: COLM) is scheduled to report its second-quarter results after Thursday's close and investors should no longer be buyers ahead of the print, according to Pivotal. The Analyst Pivotal Research Group's Mitch Kummetz downgraded...
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After Skechers Issues Weak Guidance, Wells Fargo Predicts First Annual EPS Decline Since 2011
Friday, July 20, 2018 - 10:52am | 443After Skechers USA Inc (NYSE: SKX) disappointed investors with its second-quarter earnings report and third-quarter guidance Thursday, Wells Fargo said it's lost confidence the footwear maker's earnings trajectory. The Analyst Wells Fargo's Tom Nikic downgraded...
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Adidas Pledges To End Virgin Plastic Use By 2024
Tuesday, July 17, 2018 - 3:24pm | 355Commitments to utilizing sustainable materials have been a trend in footwear, with everything from corn, cotton and recycled ocean plastic being used in the making of shoes. What Happened Adidas AG (ADR) (OTC: ADDYY) is taking its commitment to sustainability even...
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Argus Likes Wolverine World Wide After 'Solid' Q1 Report
Wednesday, May 30, 2018 - 12:17pm | 341Wolverine World Wide, Inc. (NYSE: WWW) reported in early May its first-quarter results which turned Argus positive on the stock as the manufacturer of footwear and slippers should ramp its growth throughout 2018. The Analyst Argus Research's John Staszak upgraded Wolverine World Wide from...
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DSW's Business Remains 'Solid' But Valuation Is 'Full,' Deutsche Bank Says
Wednesday, May 23, 2018 - 4:05pm | 323Footwear retailer DSW Inc. (NYSE: DSW)'s status as a "solid" business remains unchanged, but the stock's momentum over the past year now implies a "full" valuation, according to Deutsche Bank. The Analyst Deutsche Bank's Paul Trussell downgraded DSW from Buy...
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Analyst: Under Armour Offers 'One Of The Strongest Absolute Return Opportunities'
Saturday, May 5, 2018 - 1:39pm | 405Under Armour Inc (NYSE: UAA) (NYSE: UA) reported its first-quarter results earlier this week that signaled signs of "early green shoots." The Analyst KeyBanc Capital Markets' Edward Yruma maintained an Overweight rating on Under Armour's stock with an unchanged $22 price...
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Under Armour Has 'Solidifying Fundamentals,' Stifel Says Ahead Of Quarterly Report
Tuesday, April 24, 2018 - 12:29pm | 462Investors should continue holding a bullish stance on Under Armour Inc (NYSE: UAA) ahead of its May 1 first-quarter earnings report, according to Stifel. The Analyst Stifel's Jim Duffy maintains a Buy rating on Under Armour's stock with an unchanged $18 price target. The Thesis...
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Baird Expects Nike To Reach North American Inflection With New Products
Thursday, April 19, 2018 - 11:45am | 598Nike Inc (NYSE: NKE) may have made a vital shift from away from a push market to a pull market. After suffering through several quarters of devastating markdowns and an inventory glut, Nike is upbeat about its innovation and returning to a pull model with better sell-through, according to...