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The Sell-Side Reaction To Nike's Q2
Thursday, December 22, 2016 - 10:21am | 500Shares of Nike Inc (NYSE: NKE) gained nearly 1 percent on Wednesday following its much anticipated second-quarter earnings results, which included top- and bottom-line beats. Here is a summary of how Wall Street analysts reacted to the print. Morgan Stanley Morgan Stanley's Jay Sole maintains an...
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Nike's Long-Term Innovation Story Remains Intact
Wednesday, December 21, 2016 - 9:27am | 340Barclays remains Overweight-rated on Nike Inc (NYSE: NKE) after its better-than-expected second-quarter results as the athletic footwear maker saw growth in its underperforming basketball segment and commented positively on its innovation pipeline. Quarter, In Review Q2 EPS $0.50 beat by $0.07....
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Restoration Hardware: A Potential Turnaround Is Imminent
Friday, December 9, 2016 - 4:45pm | 180Barclays’ Matthew McClintock expects a potential turnaround imminent for Restoration Hardware Holdings Inc (NYSE: RH) despite remaining on the sidelines with an Equal-Weight rating. The company’s weak fourth-quarter outlook outshined the third-quarter top- and bottom-line beat from the...
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Barclays Remains Very Bullish On Lululemon
Thursday, December 8, 2016 - 11:04am | 270Reviewing Lululemon Athletica inc.'s (NASDAQ: LULU) third quarter results, Barclays said it remains very bullish on the stock, given its top-line momentum, robust innovation pipeline and continued margin recovery. Analyst Matthew McClintock noted that the company reported third quarter...
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Fitbit's Purchase Of Pebbles May Have Been A Good Move, But Organic Growth Issues Still A Concern
Thursday, December 8, 2016 - 9:37am | 261Following Fitbit Inc's (NYSE: FIT) announcement concerning the acquisition of Pebble, Barclays said it remains somewhat skeptical of Fitbit's organic growth and efficacy of its prior investments. Analyst Matthew McClintock noted that the company acquired assets, including key...
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Why Nike's Newest Store Represents The Future Of Its Brick-And-Mortar Strategy
Thursday, November 10, 2016 - 12:41pm | 308Nike Inc (NYSE: NKE) is slated to open its new store in Soho, New York, officially on November 11. It is a five-story, 55,000 square foot store. Barclays’ Matthew McClintock maintains an Overweight rating on the company, with a price target of $65. The New Store McClintock mentioned that...
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Under Armour's Growth -- The Source Of Buy-Side Debate
Thursday, October 13, 2016 - 2:46pm | 410Given the raging debate among the buy-side community about Under Armour Inc (NYSE: UA)'s growth potential, Barclays inspected the company's long- and short-term growth drivers and concluded that it remains bullish on the shares of the company. The firm believes heightened skepticism presents an...
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Cabela's Downgraded By Barclays Following Monday's 15% Rally
Tuesday, October 4, 2016 - 8:43am | 337Cabelas Inc (NYSE: CAB) rallied more than 15 percent following the company’s announcement that it had entered into a definitive agreement to be acquired by Bass Pro Shops. Barclays’ Matthew McClintock downgraded the rating on Cabelas from Overweight to Equal-Weight, while raising...
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Barclays Positive On Tractor Supply's $116 Million Petsense Acquisition
Friday, September 30, 2016 - 11:21am | 249Barclays is positive on Tractor Supply Company (NASDAQ: TSCO)'s deal to buy Petsense, for about $116 million, saying the acquisition would boost Tractor Supply's pet specialty retail business. For context, accounting for 44 percent of sales in pet food, the pet business is an important...
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Finish Line's Stock Price Running Beyond Barclays' Target
Monday, September 26, 2016 - 12:01pm | 323Barclays remains on the sidelines on Finish Line Inc (NASDAQ: FINL), despite the company reporting better-than-expected quarterly EPS and improved comps. The brokerage reiterated its Equal-Weight rating on the stock and $18 price target on stretched valuation. Shares of Finish Line are trading...
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Barclays Remains Buyers Of AutoZone Following Q4 Results
Friday, September 23, 2016 - 3:57pm | 319AutoZone, Inc. (NYSE: AZO) fell short of Barclays' fourth-quarter EPS estimates ($14.30 versus $14.32 estimate), but the firm maintains an Overweight rating with a price target of $870. AutoZone experienced a 3.3 percent increase in revenue, bringing it to $3.4 billion. Barclays analyst Matthew...
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Understanding Barclays Bearish Call On Target
Friday, September 23, 2016 - 1:40pm | 272Barclays remains Underweight on Target Corporation (NYSE: TGT) saying the company lacks a natural traffic driver in grocery, putting it at a disadvantage versus peers. "In our view Target sits within the "Attempting to Reinvent" category, given its flattish unit growth,...
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As The Holidays Approach, Comps At Bed Bath & Beyond Remain Challenged
Thursday, September 22, 2016 - 10:12am | 357Barclays’ Matthew McClintock noted that Q2 2016 marked the first time that Bed Bath & Beyond Inc. (NASDAQ: BBBY) has reported “sequential quarters of comp decline since the Great Recession.” McClintock maintained an Equal Weight rating on the company, with a price target...
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Target Missing The Mark On Traffic Trends, No Compelling Explanation To Be Found
Tuesday, September 20, 2016 - 9:51am | 329“Declining traffic trends, particularly without a compelling explanation behind the drivers of the decline, reinforce our view that TGT is a structurally challenged retailer,” Barclays’ Matthew McClintock said in a report. He maintained an Underweight rating on Target...
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Foot Locker Can Drive Comps Growth With Positive Store Traffic
Thursday, September 15, 2016 - 9:50am | 356Barclays' Matthew McClintock believes Foot Locker, Inc. (NYSE: FL) has sufficient opportunity to continue to deliver mid-single-digit comps and positive traffic. McClintock maintains an Overweight rating on the company, with a price target of $80. Driving Comps "FL's typical consumer is healthy,...