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Nike Just Does It: Analyst Likes Favorable Risk Reward, Shift From Wholesale To DTC
Tuesday, May 11, 2021 - 5:22pm | 428Shoe, apparel and equipment company Nike Inc.'s (NYSE: NKE) direct-to-consumer (DTC) strategy shift and growth in China has an analyst paying attention. The Nike Analyst: Jefferies analyst Randal J. Konik upgraded shares of Nike to Buy and raised the price target from $...
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Gap Reports Q3 Beat, Announces Hundreds Of Store Closings: The Sell-Side Reacts
Friday, November 23, 2018 - 1:04pm | 468The sell-side parsed Gap Inc. (NYSE: GPS)’s business plan for the fourth quarter after the retailer announced hundreds of imminent store closings alongside its third-quarter print this week. The Analysts Jefferies analyst Randal J. Konik reiterated a Buy rating and $50 price...
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The Handbag Pair Trade Revisited: Jefferies Picks Kors Over Coach
Thursday, September 14, 2017 - 2:27pm | 349Amazon.com, Inc. (NASDAQ: AMZN) may end up taking over the world, but there’s one thing it won’t replace — brands. After attending the Michael Kors Holdings Ltd (NYSE: KORS) KORS Collection show during New York Fashion Week, Jefferies analyst Randal J. Konik was affirmed in his...
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Why Weakness In Dick's Is A Buy Signal For Under Armour
Wednesday, May 17, 2017 - 2:08pm | 388Dicks Sporting Goods Inc (NYSE: DKS) reported disappointing first-quarter earnings results Tuesday, prompting UBS to downgrade the stock to a Hold from a Buy rating. However, not all voices from the Street took a bearish turn. Jefferies analyst Randal J. Konik sees now as a good opportunity to buy...
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The Bottom Has Formed For Under Armour, Jefferies Says
Friday, March 24, 2017 - 8:30am | 367Under Armour Inc (NYSE: UAA) has strengthened over the past three years and is well positioned in the “high-growth athletic apparel and footwear space,” Jefferies’ Randal J. Konik said in a report. He added that the company had “significant opportunity to scale” in the...
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Risk Reward In Urban Outfitters: A Perfect Fit For Your Portfolio?
Wednesday, March 8, 2017 - 2:35pm | 412Although Urban Outfitters, Inc. (NASDAQ: URBN) saw pressure in its Anthro segment, with margins compressing in the second half as well as a slight decline in UO’s top line at the year end in 2016, Jefferies’ Randal J. Konik believes the company “has high DTC penetration, is...
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There Are Still Plenty Of Risks Ahead For Lululemon
Thursday, December 8, 2016 - 9:15am | 326Lululemon Athletica inc. (NASDAQ: LULU) reported strong Q3 results, with the EPS beating expectations, driven by improved gross margin and comps and partly offset by higher SG&A deleverage. Jefferies’ Randal J. Konik maintains a Hold rating on the company, while raising the price target...
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Callaway Golf Is A Key Holding For Small-Cap Investors
Friday, November 4, 2016 - 12:01pm | 321Jefferies’ Randal J. Konik believes the Q3 results announced by Callaway Golf Co (NYSE: ELY) reaffirm that the company has continued to gain market share against the backdrop of a mixed environment. Konik reiterated a Buy rating on the company, while raising the price target from $14 to $16....
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Victoria's Secret Looking To Win The Battle Of The Bralettes
Monday, August 29, 2016 - 11:35am | 376Jefferies’ Randal J. Konik mentioned that with back-to-school season in “full swing,” promotions increased sequentially during the weekend of August 27-28, although they remained “fairly controlled” on a year-on-year basis. “The one exception is the intimates...
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Jefferies Is Bullish On Handbags, Says Buy Coach And Michael Kors Ahead Of Earnings
Wednesday, August 3, 2016 - 8:01am | 417While Coach Inc (NYSE: COH) is likely to already report positive comps, Michael Kors Holdings Ltd (NYSE: KORS) could deliver meaningful upside in the longer term, Jefferies’ Randal J. Konik mentioned in a report. He maintained Buy ratings on both companies and recommended purchasing their...
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Jefferies Has Further Confidence In Coach's Turnaround Story
Thursday, June 2, 2016 - 4:38pm | 347Jefferies hosted a meeting with Coach Inc (NYSE: COH)’s management on Wednesday and left feeling confident in the company’s turnaround story. Consequently, analysts led by Randal J. Konik and Edward Plank reiterated a Buy rating and $51 price target on the stock. According to a note...
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The Long And Winding Road: JC Penney's Path To Recovery
Tuesday, May 10, 2016 - 11:38am | 327Under the leadership of a new management team, J C Penney Company Inc (NYSE: JCP) has gained market share, despite a tough macro environment. Jefferies’ Randal J. Konik initiated coverage of the company with a Hold rating and $9 price target. The analyst mentioned that although JC Penney...
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Jefferies Cuts Fossil To Hold Amid Several Factors
Monday, January 4, 2016 - 11:55am | 309The share price of Fossil Group Inc (NASDAQ: FOSL) declined 68.47 percent through 2015, falling to a low of $31.87 on November 16. Jefferies’ Randal J. Konik has downgraded the rating on the company to Neutral, while lowering the price target from $68 to $40. Konik observed that...
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Jefferies Upgrades Lululemon, Calls Tiffany & Co Best Idea For 2016
Monday, January 4, 2016 - 11:34am | 488Lululemon Athletica inc. (NASDAQ: LULU) shares are down 15 percent since July 4, while shares of Tiffany & Co. (NYSE: TIF) have lost 21 percent. Jefferies’ Randal J. Konik upgraded the rating for Lululemon to Buy, while raising the price target to $70. He maintained a Buy rating...
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Tiffany Is Now A Buy, According To Jefferies
Monday, December 21, 2015 - 8:59am | 331Tiffany & Co. (NYSE: TIF) shares are down 33 percent year-to-date, and have been trading below the $80 mark so far in December. Jefferies’ Randal J. Konik upgraded the rating on the company from Hold to Buy, while raising the price target from $88 to $100. The pullback in shares...