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Cowen Stretches Lululemon's Target To $175 Following Strong Q2 Earnings
Friday, August 31, 2018 - 8:49am | 361Lululemon Athletica (NASDAQ: LULU) demonstrated strong momentum in Q2, in light of improved product assortment and a new guest acquisition for online and in-store sales. The Analyst Cowen analyst John Kernan maintained an Outperform rating and raised the price target from $137 to $175. The Thesis...
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Cowen: Columbia Sportswear's Share Price Doesn't Reflect Portfolio Strength
Wednesday, August 15, 2018 - 2:15pm | 424Columbia Sportswear Company (NASDAQ: COLM) shares are up over 26 percent year-to-date, but the company's brand portfolio is underappreciated, according to Cowen. The Analyst Cowen analyst John Kernan upgraded Columbia Sportswear from Market Perform rating to Outperform and...
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Sell-Side Bullish On Lululemon, Stock Rallying After Q1 Earnings, Sales Beat
Friday, June 1, 2018 - 3:28pm | 541Lululemon Athletica inc. (NASDAQ: LULU) is shaping up to be one of the biggest winners in the athleisure era. The athletic apparel maker known for making yoga pants an everyday fashion decision has diversified its business to include menswear and direct-to-consumer, and the results are...
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Cowen Turns Bullish On Calvin Klein, Tommy Hilfiger Parent Company G-III Apparel
Wednesday, May 30, 2018 - 11:07am | 395G-III Apparel Group, Ltd. (NASDAQ: GIII), the apparel company behind brands such as Calvin Klein, DKNY and Levi's, boasts "substantial earnings power" from its core business that investors should watch, according to Cowen. The Analyst Cowen's John Kernan upgraded G-III...
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Cowen Says The Big Sell-Off In Skechers Is A Buying Opportunity
Friday, April 20, 2018 - 1:41pm | 351Skechers USA Inc (NYSE: SKX) reported an in-line EPS in its first quarter report while revenue topped estimates. The stock plummeted, however, as the company's second quarter guidance came in notably weak. "Patient" investors should take advantage of the decline and be buyers of the...
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Nike's 10-Q: What You Need To Know
Saturday, April 7, 2018 - 3:45pm | 606Nike Inc (NYSE: NKE) released its fiscal third-quarter 10-Q regulatory filing Thursday, revealing multiple metrics that indicate there is plenty of work ahead for the company before it can show "sustained trajectory improvement," according to Canaccord Genuity. The Analysts...
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Here's Why It Could Be A Big Year For Nike
Friday, March 23, 2018 - 1:51pm | 468Nike Inc (NYSE: NKE) stock traded higher Friday following a quarterly earnings and revenue beat. Several Wall Street analysts have commented on Nike’s quarter. Here’s a sampling of what they had to say. Voices From The Street Stifel analyst Jim Duffy said inflection in Nike’s...
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3 Takeaways From Nike's Q3
Friday, March 23, 2018 - 9:09am | 357Nike Inc (NYSE: NKE)'s fiscal third-quarter earnings report on Thursday signals the company is picking up momentum, but the results fell short of convincing Cowen to turn bullish on the stock. The Analyst Cowen's John Kernan maintains a Market Perform rating on Nike's stock with an...
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Cowen: Ralph Lauren's Turnaround Starts To Pay Off In 2019
Thursday, March 22, 2018 - 4:13pm | 511Ralph Lauren Corp (NYSE: RL) shares have struggled for over three years, as the brand become relatively stale in a fashion market that is changing constantly. A turnaround story is nearing, according to Cowen. The Analyst Cowen analyst John Kernan upgraded Ralph Lauren from Market Perform...
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With Dad Shoes In Fashion, Is Skechers Set For A Big 2018?
Monday, December 18, 2017 - 12:30pm | 615With "dad shoes" dominating the fashion world, could the quintessential dad shoe brand — Skechers USA Inc (NYSE: SKX) — be poised for a big 2018? Skechers is known for latching onto current styles to its benefit. Luckily for Skechers, the next big look has come to them...
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Finish Line Downgraded; Beware The Coming Cash Burn
Friday, November 10, 2017 - 1:43pm | 436Finish Line Inc (NYSE: FL) shares are plummeting following an analyst downgrade, as well as continued investor fears of major athletic brands shifting away from athletic retailers in order to grow e-commerce. Nike Inc (NYSE: NKE) and adidas (AG) (ADR) (OTC: ADDYY) stated they're moving...
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How Under Armour Gets To $10 Billion In Sales By 2025
Thursday, September 28, 2017 - 11:49am | 429Under Armour Inc (NYSE: UAA) was once one of the market's growth darlings, but the stock has taken a terrible turn over the past few years. On Thursday, Cowen analyst John Kernan laid out his five-step plan for Under Armour to win back Wall Street’s heart and reach $10 billion in...
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Analyst Backtracks, States He 'Overestimated' Dick's Sporting Goods
Thursday, August 24, 2017 - 2:05pm | 422One analyst is backtracking on his call on Dicks Sporting Goods Inc (NYSE: DKS), claiming he overestimated the company's ability to achieve guidance and maintain profitability in spite of structural and cyclical headwinds. Cowen analyst John Kernan believes the price war Dicks is currently...
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Nike's US Business 'Disturbing': One Analyst Remains Cautious Despite Earnings Beat, Stock Run
Saturday, July 1, 2017 - 12:25pm | 716Nike Inc (NYSE: NKE) may be surging after a fourth-quarter earnings beat, but its performance in North America is a cause for concern. “The continued decline of Nike’s U.S. business is disturbing. Outside the U.S. there is much greater parity between Adidas and Nike,” Matt Powell...
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Callaway Is The Top Golf Brand In The World, But Has Room To Grow
Wednesday, June 14, 2017 - 1:58pm | 351Callaway Golf Co (NYSE: ELY) is the world's most recognizable golf brand, but that doesn't necessarily make it an attractive investment with huge upside, analysts at Cowen said. Cowen's John Kernan initiates coverage of Callaway's stock with a Market Perform rating and $14 price...