-
Analyst: Under Armour Offers 'One Of The Strongest Absolute Return Opportunities'
Saturday, May 5, 2018 - 1:39pm | 405Under Armour Inc (NYSE: UAA) (NYSE: UA) reported its first-quarter results earlier this week that signaled signs of "early green shoots." The Analyst KeyBanc Capital Markets' Edward Yruma maintained an Overweight rating on Under Armour's stock with an unchanged $22 price...
-
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...
-
Retail Analyst: Foot Locker, Skechers And Steve Madden Poised To Run Higher
Wednesday, April 18, 2018 - 3:32pm | 600Shoes are a new must-have for Buckingham Research. The firm initiated coverage on five companies Wednesday with bullish to neutral sentiment across manufacturers and distributors. Foot Locker: Buy, $54 Foot Locker, Inc. (NYSE: FL) is seen to have the most upside potential (28 percent) of the...
-
Foot Locker's Poor Q4 Report Impacts Nike, Under Armour Stock
Friday, March 2, 2018 - 9:54am | 494Shares of Foot Locker, Inc. (NYSE: FL) lost more than 7 percent early Friday morning after the retailer of shoes and apparel reported mixed fourth-quarter results. What Happened Foot Locker reported that it earned $1.26 per share in Q4 on revenue of $2.21 billion versus expectations of $1.25 per...
-
If The Shoe Fits: Analyst Upgrades Steve Madden
Wednesday, November 29, 2017 - 12:42pm | 395Many investors with exposure to apparel, shoewear, and fashion stocks have reason to be concerned moving forward, but at least one analyst is confident in recommending owning Steven Madden, Ltd. (NASDAQ: SHOO). The Analyst Buckingham Research Group's Scott Krasik upgraded Steve Madden's...
-
Finish Line's Quarterly Pre-Announcement Complicates Footwear Story As Analysts Revisit Sector
Tuesday, August 29, 2017 - 11:22am | 759Finish Line Inc (NASDAQ: FINL)'s surprising second-quarter preliminary earnings release resulted in some analysts throwing in the towel, but Baird Equity Research's Jonathan Komp is sticking with his Neutral rating. The price target has, however, been lowered from $15 to $8. Finish Line's...
-
Finish Line's Shin Splints: Poor Quarterly Pre-Announcement Pummels Stock, Downgrade Follows
Tuesday, August 29, 2017 - 9:21am | 389Shares of Finish Line Inc (NASDAQ: FINL) plummeted 30 percent after the retail sportswear chain surprised investors with its second-quarter earnings pre-announcement. As a result of the poor report, Buckingham Research Group's Scott Krasik downgraded Finish Line's stock from Neutral to Underperform...
-
Jefferies Explains Cautious Nike Thesis
Monday, August 28, 2017 - 7:13am | 336Analysts at Jefferies downgraded their rating on Nike Inc (NYSE: NKE) from Buy to Hold on Aug. 21 under the assumption that the competitive landscape in the athletic footwear business will make incremental share gains and margin expansion "elusive." On Aug. 25, the analyst double-...
-
An Analyst's First Impression Of DSW's Big Q2 Beat
Tuesday, August 22, 2017 - 9:33am | 520Shares of DSW Inc. (NYSE: DSW) surged higher by 20 percent early Tuesday morning after impressing investors with a beat in its second quarter earnings report. DSW reported that it earned 38 cents per share in the quarter on revenue of $680 million while analysts were expecting the company to earn...
-
Shoe Stores Stink: UBS Downgrades Foot Locker, Finish Line
Monday, August 21, 2017 - 11:51am | 425Your athletic shoes might smell after heavy use, but it could be worse: They could stink like apparel and footwear stocks. Analysts at UBS turned bearish on both Foot Locker, Inc. (NYSE: FL) and Finish Line Inc (NASDAQ: FINL) Monday. Foot Locker's worse-than-expected earnings report on Friday...
-
Foot Locker Plummets 20% As CEO Says Certain Sales Fell 'Well Short Of Our Expectations'
Friday, August 18, 2017 - 8:08am | 354Shares of Foot Locker, Inc. (NYSE: FL) tumbled 20 percent Friday morning after the company's second-quarter results fell short of expectations. Foot Locker earned 62 cents per share in the quarter on revenue of $1.70 billion. Analysts were expecting the shoe and apparel retailer to earn 90...
-
Confidence In DSW Grows, Q2 Expected To Generate Upside
Wednesday, July 26, 2017 - 10:23am | 489DSW Inc. (NYSE: DSW) is gaining a good amount of positive attention from Wall Street analysts. Analysts at Deutsche Bank upgraded the stock to Buy on Tuesday and one day later analysts at Wedbush turned bullish. Wedbush's Christopher Svezia upgraded DSW's stock from Neutral to Outperform...
-
Michael Kors Says It Will Continue Shopping For More Acquisitions
Tuesday, July 25, 2017 - 2:12pm | 442Initial reaction to Michael Kors Holdings Ltd (NYSE: KORS)'s $1.2 billion acquisition of London-based luxury shoe maker Jimmy Choo on Tuesday was positive. The stock gained more than 3 percent ahead of the opening bell, but by mid-morning the stock erased all of the gains and was lower by more...
-
Michael Kors To Buy Jimmy Choo
Tuesday, July 25, 2017 - 8:11am | 594Luxury apparel and accessory maker Michael Kors Holdings Ltd (NYSE: KORS) confirmed early Tuesday morning it has agreed to buy the London-based and listed shoe company Jimmy Choo PLC. As part of the agreement, Michael Kors will pay Jimmy Choo's shareholders 230 pence per share, which values the...
-
Skechers Shares Have Potential For 20% Upside From Here
Friday, July 21, 2017 - 1:19pm | 374Skechers USA Inc (NYSE: SKX)'s mixed earnings report on Thursday and greater than 2-percent decline in the stock isn't reason enough for Buckingham Research Group's Scott Krasik to part ways with his bullish outlook. The analyst maintains a Buy rating on Skechers' stock with an unchanged $34 price...