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'Nike Continues To Expand The Market': Analysts Applaud Q1 Beat
Wednesday, September 25, 2019 - 5:05pm | 836Nike Inc (NYSE: NKE) shares are in all-time high territory after the apparel company posted a first-quarter earnings beat Tuesday. Wells Fargo Weighs In Although expectations were very high heading into the first quarter, Nike was able to clear the bar with an earnings report that was solid from...
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Analysts: Athletic Brands Aren't Making Enough Products For Women
Wednesday, July 24, 2019 - 9:15am | 1070One of the most noticeable shifts in women's fashion has been the embrace of athleisure and sneakers. Still, many analysts believe the industry has significantly underperformed in serving the female athlete — and that the category could serve as a catalyst moving forward. While female...
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Under Armour Analysts React To Fifth Beat-And-Raise Quarter; Footwear Growth Finally A Bright Spot
Saturday, May 4, 2019 - 4:06pm | 708The sentiment of Under Armour Inc (NYSE: UAA) analysts is beginning to shift after the retailer reported a much-needed first quarter sales beat Thursday. KeyBanc Capital Markets The first-quarter print points to continued momentum in Under Armour's turnaround, analyst...
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Is Nike A Victim Of Its Own Success?
Friday, March 22, 2019 - 2:54pm | 813Nike Inc (NYSE: NKE) shares were falling Friday despite reporting a strong third-quarter earnings beat on Thursday. Morgan Stanley Analyst Lauren Cassel said that although expectations are high, Nike remains the firm's top pick and recommends buying the dip, as the apparel maker's direct-to...
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Nike Leads Dow After Rock-Solid Q2 Report: A Sell-Side Roundup
Friday, December 21, 2018 - 3:45pm | 1017Nike Inc (NYSE: NKE) shares are soaring higher in spite of overall market turmoil after reporting a big second-quarter earnings beat after the close Thursday. The world’s largest sportswear company delivered earnings of 52 cents per share, beating estimates by 6 cents. Revenue came in at $9.4...
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7 Reasons Wells Fargo Boosted Under Armour To Hold: 'We Believe The Worst Is Over'
Friday, November 30, 2018 - 12:37pm | 434A little over one year ago, Under Armour Inc (NYSE: UAA)’s stock struck its five-year bottom. It’s gained a bit of steam since then, and one team of analysts expects a near-term leveling-out. The Analyst Wells Fargo analyst Tom Nikic upgraded Under Armour from...
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How Nike And Foot Locker Trade Together
Wednesday, November 21, 2018 - 1:20pm | 688Foot Locker, Inc. (NYSE: FL) stock surged 17 percent Wednesday morning after a big earnings beat. Shares of Nike, Inc. (NYSE: NKE) are also trading higher by 1.3 percent as investors see Foot Locker’s big quarter as a positive sign for Nike’s latest product lines. Benzinga took a...
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Skechers Shares Jump After Q3 Earnings Beat, Analysts Lift Price Targets
Friday, October 19, 2018 - 3:50pm | 439Skechers USA Inc (NYSE: SKX) are soaring higher after reporting a third-quarter earnings beat after the close Thursday. The Manhattan Beach, California-based footwear brand delivered Q3 earnings of 58 cents per share, beating estimates by 6 cents. While the footwear maker missed ...
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Wells Fargo Upgrades Foot Locker On Nike Developments, Projects Comp Acceleration
Monday, September 10, 2018 - 9:26am | 425After Nike, Inc. (NYSE: NKE)’s launch of new advertising and an improved brand assortment, Wells Fargo is turning bullish on partner Foot Locker, Inc. (NYSE: FL) The Analyst Wells Fargo's Tom Nikic upgraded Foot Locker from Market Perform to Outperform and raised the price...
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After Skechers Issues Weak Guidance, Wells Fargo Predicts First Annual EPS Decline Since 2011
Friday, July 20, 2018 - 10:52am | 443After Skechers USA Inc (NYSE: SKX) disappointed investors with its second-quarter earnings report and third-quarter guidance Thursday, Wells Fargo said it's lost confidence the footwear maker's earnings trajectory. The Analyst Wells Fargo's Tom Nikic downgraded...
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Nike's Product Line Is Tipping In A Positive Direction, According To Foot Locker
Monday, June 11, 2018 - 2:58pm | 462Retailer Foot Locker Inc (NYSE: FL) believes that good Nike Inc (NYSE: NKE) product will soon outweigh the bad, according to Wells Fargo. The Analyst Wells Fargo’s Tom Nikic reiterated a Market Perform rating on Nike and raised the price target from $62 to $74. The Thesis...
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4 Reasons A Finish Line-Sports Direct Deal Could Make Sense
Friday, September 29, 2017 - 10:26am | 432Finish Line Inc (NASDAQ: FINL) stock is up more than 26 percent in the past five trading sessions on rumors of a potential buyout by the U.K. company Sports Direct. A deal would likely come at a steep premium to Finish Line’s recent market price, Wells Fargo analyst Tom Nikic said...
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Under Armour Stock Has The Most Downside Risk In A Struggling Space
Tuesday, September 19, 2017 - 10:14am | 414Under Armour Inc (NYSE: UAA)'s ongoing struggles within the apparel and athletic category have been well communicated to investors, and the stock has been hard hit throughout 2017. Yet among the athletic-focused group, Under Armour's stock comes with the most downside risk, at least according to...
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Nike Vs. Under Amour: How Has This NBA Finals Trilogy Played Out For These Apparel Titans?
Monday, June 12, 2017 - 4:31pm | 899As the Cleveland Cavaliers face elimination in Game 5 of the NBA Finals, they find themselves at a very familiar 3–1 deficit. The NBA as a whole has found itself in a quite a familiar spot as well this June, a month in which the Warriors and the Cavaliers have faced each other three straight...
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The Comeback Story Of This Year's NBA Finals? Steph Curry's Sneaker Line
Wednesday, June 7, 2017 - 4:31pm | 497Nearly every signature shoe release from Under Armour Inc. (NYSE: UAA) Steph Curry’s line has been blasted on social media. After debuting the latest model, the Curry 4, in the first game of the NBA Finals, it appears Under Armour may have finally gotten one right. Better Days Ahead Wells...