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Under Armour Posts Q4 Earnings Beat, But Analysts Unconvinced
Wednesday, February 13, 2019 - 4:32pm | 792Under Armour Inc (NYSE: UAA) shares rose after the apparel maker reported a surprise fourth-quarter earnings beat. Still, several Wall Street analysts said in research reports that they're are unconvinced that Under Armour is an attractive buy. Wedbush Discouraged By Demand,...
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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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Columbia Capitalizes On Cold Weather With Strong Q4 Earnings: The Sell-Side Reacts
Friday, February 8, 2019 - 11:34am | 593Columbia Sportswear Company (NASDAQ: COLM) shares were higher by more than 15 percent Friday after the apparel retailer announced a fourth-quarter earnings beat, superior guidance and a $200-million buyback after Thursday's close. Earnings per share came in at $1.63 on sales of...
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Analyst: Buy-Side Investors Aren't Fully Onboard With Callaway's Jack Wolfskin Acquisition
Thursday, February 7, 2019 - 3:00pm | 559Callaway Golf Co (NYSE: ELY) shares were falling more than 5 percent Thursday despite the golf equipment maker's fourth-quarter earnings and sales beat the previous day. The company reported weak first-quarter and FY19 earnings guidance, likely sending shares lower. RayJay Stays Neutral...
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Cowen: Speed-To-Market Initiatives Are Emerging Catalysts For Nike, Adidas, While Kohl's Leads In Private Label
Saturday, February 2, 2019 - 9:44am | 703Two disruptive change agents in retail are under-appreciated: rapidly rising costs in the supply chain and technology that's enabling competition to scale at rapid rates, according to a Jan. 22 report from Cowen. With fashion trends changing faster than ever, aided by social media...
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Cowen Says PVH's Growth Expectations Are Too High, Downgrades Stock
Tuesday, January 22, 2019 - 2:48pm | 379Tommy Hilfiger and Calvin Klein parent company PVH Corp (NYSE: PVH) is among the most recommended clothing stocks in the sector and faces expectations from the Street that are too high, according to Cowen. The Analyst Cowen's John Kernan downgraded PVH from Outperform to Market Perform with a...
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Cowen Suits Up With Nike, Looks To Outperform
Tuesday, January 22, 2019 - 9:56am | 384Not everyone is loyal to the Swoosh, but Nike Inc (NYSE: NKE) won a fan in Cowen this week on a booming product cycle and conservative guidance. The Rating Cowen analysts John Kernan, Krista Zuber and Jared Orr upgraded Nike to Outperform and raised their price target from $80 to $90. The Thesis...
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Vans Momentum Isn't Slowing Down For VF Corp, According To Cowen
Thursday, January 17, 2019 - 3:35pm | 400Consensus estimates remain conservative heading into VF Corp (NYSE: VFC)'s third-quarter report, according to a new analyst report. The Analyst Cowen analyst John Kernan maintains an Outperform rating on VF Corp and lowered his price target from $106 to $95. The Thesis In December, VF Corp...
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Lululemon Issues Strong Q4 Guidance, Cowen Projects Upside To Consensus Estimates
Tuesday, January 15, 2019 - 5:39pm | 408Lululemon Athletica inc. (NASDAQ: LULU) raised its fourth-quarter earnings and comp guidance Monday, leading to an analyst price target increase. The athletic apparel maker lifted EPS guidance from a range of $1.64-$1.67 to $1.72-$1.74, ahead of consensus estimates. Comp guidance was raised...
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Cowen Weighs Puma's Market Share Opportunity Against Potential Athletic Apparel Slowdown, European Concerns
Monday, January 14, 2019 - 12:07pm | 481Amid the rise of sportswear and the fall of performance apparel, Puma AG Rudolf Dassler Sport (OTC: PMMAF) the quintessential casual sportswear brand, is properly positioned for the trend, according to Cowen. The Analyst Analyst John Kernan initiated coverage of Puma's...
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Wall Street Remains Divided On Nike
Friday, January 11, 2019 - 2:05pm | 457Despite the apparel maker closing 2018 with strong second-quarter performance, Wall Street analysts are notably divided on Nike Inc (NYSE: NKE) this week. While HSBC upgraded the stock from Hold to Buy rating this week and lifted its price target from $92 to $95, Baird went in the...
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Nike Leads Dow After Rock-Solid Q2 Report: A Sell-Side Roundup
Friday, December 21, 2018 - 3:45pm | 1017Nike Inc (NYSE: NKE) shares are soaring higher in spite of overall market turmoil after reporting a big second-quarter earnings beat after the close Thursday. The world’s largest sportswear company delivered earnings of 52 cents per share, beating estimates by 6 cents. Revenue came in at $9.4...
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Under Armour Slides After Five-Year Plan Fails To Excite Investors
Thursday, December 13, 2018 - 2:16pm | 826Under Armour Inc (NYSE: UAA) shares took a nosedive Wednesday after the highly anticipated five-year plan unveiled at its Investor Day meeting failed to impress investors. CEO Kevin Plank introduced the company’s 2023 strategic growth plan at the meeting and said it was designed around two...
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Cowen Predicts Lululemon's Traffic, Conversion, Comps Will Grow In 2019
Tuesday, December 11, 2018 - 6:04pm | 448Lululemon Athletica inc. (NASDAQ: LULU) has been named a top idea for 2019 by Cowen. The Analyst Cowen analyst John Kernan maintains an Outperform rating on Lululemon with a $185 price target. The Thesis Lululemon has some of the the highest-quality growth, returns and brand durability...
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Lululemon Shares Are Getting Flexed, But Analysts Are Still Bullish
Friday, December 7, 2018 - 3:26pm | 601Lululemon Athletica inc. (NASDAQ: LULU) delivered yet another impressive earnings report Thursday, but shares are getting pummeled. The Canadian-based athletic apparel brand delivered third-quarter adjusted earnings of 75 cents per share, beating estimates by 5 cents. Sales came in at $748 million...