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Athletic Apparel Preview: Who's Best Positioned For The Long Term?
Wednesday, May 18, 2016 - 2:07pm | 765Read More...Athletic apparel retailers Dicks Sporting Goods Inc (NYSE: DKS), Foot Locker, Inc. (NYSE: FL) and Hibbett Sports, Inc. (NASDAQ: HIBB) are reporting quarterly earnings this week. Dick's Sporting Goods will be reporting its first-quarter numbers on May 19, while both Foot Locker and Hibbett Sports...
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Taking A Closer Look At Under Armour's New CFO
Wednesday, December 23, 2015 - 9:22am | 217Read More...Under Armour Inc (NYSE: UA) announced on Tuesday that it has appointed Chip Molloy as the company's new Chief Financial Officer. Investors appear to be positive on the news as shares were trading higher by 1.68 percent at $81.70 early Wednesday morning. Molloy will replace Under Armour'...
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Under Armour Shouldn't Be Selling Off Because Of Dicks, SunTrust Analyst Says
Wednesday, November 18, 2015 - 2:23pm | 694Read More...Shares of Dicks Sporting Goods Inc (NYSE: DKS) plunged on Tuesday after the company reported weaker-than-expected third-quarter earnings and slashed its fourth-quarter and full-year guidance. Investors and traders could be wrong in jumping to the conclusion that Dicks' poor results signals trouble...
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Deutsche Bank Sees 'Solid' Overall Athletic Footwear Sales
Friday, October 30, 2015 - 2:06pm | 568Read More...Paul Trussell of Deutsche Bank commented in a note that overall athletic footwear sales appear to be "solid." Trussell noted the casual athletic category will continue to show accelerating trends with running and basketball shoes still positively contributing. The analyst maintained a Buy rating...
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Nike Unveils Giant Sales Goal, Says Jordan To Move Beyond Basketball
Wednesday, October 14, 2015 - 3:02pm | 373Read More...Shares of Nike Inc (NYSE: NKE) are higher by more than 30 percent year-to-date and nearly 50 percent higher from a year ago. The company issued guidance on Wednesday, calling for $50 billion in sales by the end of fiscal 2020. Nike's President and CEO Mark Parker said the company is "accelerating...
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Oppenheimer: Why We Love Lululemon
Friday, August 28, 2015 - 1:10pm | 394Read More...Shares of Lululemon Athletica inc. (NASDAQ: LULU) were trading slightly higher early Friday morning, despite a bullish note by analysts at Oppenheimer. Oppenheimer's consumer/specialty retailing analyst Anna Andreeva reiterated an Outperform rating on Lululemon's stock with an unchanged $75 price...
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Analyst Offers Positive Tidbits For Retailers Following Department Store, Mass, Sporting Goods Earnings
Wednesday, August 19, 2015 - 3:29pm | 442Read More...As earning season comes to an end (with just a small handful of retailers yet to report), Susan Anderson of FBR & Co. offered what she described as "numerous valuable tidbits of information" in department store, mass, and sporting goods retailers over the past week. Anderson...
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KeyBanc Steps To The Sidelines On Under Armour, Notes Shares Already Trading At Premium Valuations
Friday, July 24, 2015 - 2:07pm | 446Read More...In a report published Friday, KeyBanc Capital Markets analyst Edward Yruma upgraded shares of Under Armour Inc (NYSE: UA) to Sector Weight from Underweight with no assigned price target versus a previous price target (established on July 9) of $53 following the company's second quarter results....
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Four Reasons Nike Is So Hot Right Now
Thursday, June 11, 2015 - 10:58am | 552Read More...Nike Inc (NYSE: NKE) has become synonymous with athletic apparel after a decade of domination in the industry. Over the past year, Nike shares have seen a 35 percent increase. However, while its past success has been impressive, many investors have been looking to the company's future for even...
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Credit Suisse Sees Lululemon Athletica's Outlook Being 'Brighter,' Raises Price Target
Tuesday, January 13, 2015 - 11:24am | 178Read More...Christian Buss of Credit Suisse on Tuesday reiterated a Neutral rating on shares of Lululemon Athletica inc. (NASDAQ: LULU) while raising the price target to $61 from a previous $47 as the company's outlook appears to be “brighter.” Buss notes that the company's management team recently raised its...
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Credit Suisse Turns Bearish On Foot Locker, Downgrades To Neutral
Friday, January 9, 2015 - 9:17am | 236Read More...Seth Sigman of Credit Suisse on Friday downgraded shares of Foot Locker, Inc. (NYSE: FL) to Neutral from Outperform with no change to a previous $57 price target. “Foot Locker stock has recovered after the recent pullback on Finish Line's comments, and in general has been a strong outperform over...
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Wedbush: Foot Locker Benefited From 'Strong Shoe Release' Lineup In December
Monday, December 22, 2014 - 11:12am | 161Read More...According to Morry Brown of Wedbush, Foot Locker, Inc. (NYSE: FL) has seen elevated traffic levels in December following new shoe releases. “Recent interviews with managers at core Foot Locker stores indicate holiday sales in December were off to a strong start aided by a string of strong new...
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Wedbush: Lululemon, Old Navy 'Traffic Winners' In Pre-Holiday Shopping Rush
Monday, December 22, 2014 - 10:40am | 262Read More...According to Morry Brown of Wedbush, Lululemon Athletica inc. (NASDAQ: LULU) along with Gap Inc (NYSE: GPS) owned Old Navy were “traffic winners” among specialty retailers. Brown commented in a note over the weekend that both retailers are “early seasons' winners”...
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Credit Suisse On Nike: Momentum Persists Despite Currency Headwinds
Friday, December 19, 2014 - 11:37am | 227Read More...Christian Buss of Credit Suisse commented in a note on Friday that Nike Inc (NYSE: NKE) continued to demonstrate strong demand trends across regions in its second quarter results. “We continue to see opportunity for Nike to sustain low-double digit revenue growth, 40 to 50 basis points of...
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Morgan Stanley: Decline In Nike A Chance To Accumulate Shares That Are 'Ultimately Headed Much Higher'
Friday, December 19, 2014 - 11:15am | 195Read More...Jay Sole of Morgan Stanley commented in a note on Friday that Nike Inc's (NYSE: NKE) second quarter earnings per share not only grew by 25 percent, but suggests the company can deliver at least mid-teens growth throughout fiscal 2015. “Nike's second quarter report underscored why we have high...
