-
Burlington Stores Is A Retail Rarity: Growing Foot Traffic, Expanding Margins
Tuesday, May 30, 2017 - 9:32am | 257Read More...Burlington Stores Inc (NYSE: BURL) “could be a $10+ billion market cap in due time,” said Cowen analyst John Kernan. Cowen reiterated an Outperform rating and raised its price target from $103 to $110. Gross Margin Is ‘On Fire’ Same-store sales increased 0.5 percent in the...
-
Favorable Setup, Attractive Valuation Keeps Cowen Bullish On Skechers
Friday, April 21, 2017 - 10:33am | 368Read More...John Kernan of Cowen believes shares of Skechers USA Inc (NYSE: SKX) are "too cheap" and should be bought following the company's first-quarter results. Kernan noted that Skechers' first-quarter sales growth of 9.6 percent came in ahead of consensus estimate of 8.5 percent, partly due to an 11.6...
-
Nike Continues To Build A Moat Around Its Brand
Tuesday, September 13, 2016 - 11:12am | 414Read More...Shares of Nike Inc (NYSE: NKE) have lost around 10 percent since the start of 2016 and are nearly flat compared to the same time period a year ago. The stock's underperformance isn't deterring John Kernan of Cowen and Company from reiterated an Outperform rating and $63 price target. In a research...
-
Cowen On Burlington Stores: Stock Can Go Higher If Productivity Goals Are Reached
Friday, August 26, 2016 - 3:06pm | 420Read More...Cowen sees 11 percent upside in the shares of Burlington Stores Inc (NYSE: BURL) as it sees potential for mid-to high-teens EPS growth over the next several years. The brokerage raised its price target on the stock to $90 from $79 after Burlington delivered a "high quality" second-quarter sales and...
-
Abundant Long-Term Opportunity For Under Armour
Monday, August 15, 2016 - 10:02am | 336Read More...Under Armour Inc’s (NYSE: UA) 2H guidance appears fairly conservative and the next major catalyst for the stock would be the initial sales and EPS guidance for 2017, Cowen’s John Kernan said in a report. He maintained an Outperform rating on the company, with a price target of $46....
-
Cowen Calls Fitbit's Outlook 'Conservative' Because Of This
Wednesday, October 28, 2015 - 10:03am | 306Read More...Fitbit Inc (NYSE: FIT) shares have appreciated 26.82 percent over the past six months, from a low of $29.68 on June 18. Cowen’s John Kernan has maintained a Market Perform rating on the company, while raising the price target from $38 to $41. Kernan believes that the Q3 consensus...
-
UPDATE: Cowen Raises PT on The Men's Wearhouse Ahead of Possible New JOSB Offer
Monday, October 21, 2013 - 12:25pm | 157Read More...In a report published Monday, Cowen and Company analyst John Kernan reiterated a Market Perform rating on The Men's Wearhouse (NYSE: MW), and raised the price target from $35.00 to $48.00. In the report, Cowen and Company noted, “JOSB may launch a higher all-cash offer hoping to compel the MW...
