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Under Armour's Q4 Miss Is A 'Game Changer,' Wells Fargo Downgrades Stock
Tuesday, January 31, 2017 - 3:32pm | 401Read More...Following Under Armour Inc (NYSE: UA) (NYSE: UAA) fourth-quarter miss, Wells Fargo said this is a game changer and downgraded the shares of the company. The company announced before the markets opened on Tuesday fourth-quarter earnings and revenues that missed estimates. The company also announced...
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Since September, 65% Of All U.S. Internet Users Visited Amazon.com
Thursday, December 8, 2016 - 2:52pm | 424Read More...Amazon.com, Inc. (NASDAQ: AMZN) may be priming for a strong holiday quarter, going by research highlighted by Wells Fargo in a note released Thursday. Findings Quoting online traffic data from ComScore, analyst Ike Boruchow noted that about 65 percent of all U.S. internet users visited Amazon....
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How Does Amazon's Q3 Performance Read Through For The Rest Of Retail?
Thursday, December 8, 2016 - 11:44am | 557Read More...While Amazon.com, Inc. (NASDAQ: AMZN) remains on a growth trajectory, the rest of the retail industry continues to feel the pressure, Wells Fargo’s Ike Boruchow said in a report. Q3 Read Through Boruchow mentioned that an analysis of Amazon’s Q3 performance highlighted four major...
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Carter's Expected Inflection Not Materializing As Planned
Tuesday, September 27, 2016 - 4:00pm | 335Read More...Carter's, Inc. (NYSE: CRI) inflection isn't materializing as planned, Wells Fargo analysts said while downgrading the stock to Market Perform from Outperform. The downgrade comes as the second half was set to be a key positive catalyst for CRI due to lapping pricing pressures and...
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Investors Will Be Watching Inventory Levels When Nike Reports Q1 Earnings
Monday, September 19, 2016 - 3:14pm | 330Read More...Ahead of Nike Inc (NYSE: NKE)'s fiscal first-quarter results due on September 27, Wells Fargo raised a red flag concerning inventory levels. Given the elevated inventory levels in Europe and Asia in the previous quarter, the firm noted that the company's ability to navigate the current environment...
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Kate Spade Back In Style With Analysts
Tuesday, September 13, 2016 - 2:13pm | 526Read More...Shares of Kate Spade & Co (NYSE: KATE) bottomed at $15.10 after the company reported its second-quarter results on August 3, which included a reduction in its full-year fiscal 2016 outlook. Specifically, Kate Spade lowered its earnings per share outlook for the full year to a range of $0.63 to...
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Kate Spade Sits In The 'Penalty Box,' But That Could Be A Good Entry Point
Tuesday, September 13, 2016 - 12:29pm | 375Read More...Wells Fargo believes Kate Spade & Co (NYSE: KATE) shares provide compelling risk/reward on second-half acceleration potential. The current levels provide a good entry point for investors, since the stock underperformed its group by 10 percent due to heightened investor skepticism. The brokerage...
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Potential Catalysts For Lululemon And The Gap Coming Up
Monday, August 29, 2016 - 3:53pm | 464Read More...Wells Fargo remains bullish on Outperform-rated Lululemon Athletica inc. (NASDAQ: LULU) ahead of its quarterly earnings, and favors Market-Perform-rated Gap Inc (NYSE: GPS) before its August sales results. Both results are expected on September 1. Lululemon The brokerage sees Lululemon's second...
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Wells Fargo Sees 20% Upside In Signet Jewelers
Friday, August 26, 2016 - 9:36am | 387Read More...Although investors might have expected a challenging Q2, Signet Jewelers Ltd. (NYSE: SIG) reported worse-than-expected results for the quarter. Wells Fargo’s Ike Boruchow maintains an Outperform rating on the company. Negative Comp Trends While reporting its Q2 results well below the guidance...
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Why L Brands Continues To Succeed While Other Retailers Falter, Sterne Agee Retail Analyst Explains
Friday, April 10, 2015 - 2:03pm | 421Read More...While most apparel retailers are going through a tough phase, L Brands Inc (NYSE: LB) is turning out to be an exception, with March comps up 9 percent and March sales up 6 percent year-over-year to $981.2 million. Ike Boruchow from Sterne Agee was on CNBC recently to discuss how L Brands is...
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Sterne Agee: Fossil Group's Partnership With Kate Spade A 'Tremendous Opportunity'
Wednesday, February 25, 2015 - 10:03am | 230Read More...In a report published Wednesday, Sterne Agee analyst Ike Boruchow commented that the recent announcement of a partnership between Fossil Group Inc (NASDAQ: FOSL) and Kate Spade & Co (NYSE: KATE) for Kate Spade-branded watches is a "tremendous opportunity" for Kate Spade. Under the...
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Sterne Agee: Specialty Retail Off To A 'Tough Start' In 2015
Tuesday, January 20, 2015 - 11:06am | 277Read More...Ike Boruchow of Sterne Agee on Tuesday commented that his specialty retail group is off to a “tough start” in 2015, having declined 4.2 percent. “While expectations had been for a fairly robust holiday, very few companies have actually hurdled the ‘high bar' with...
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Sterne Agee Answers: Who Was More Promotional During Cyber Monday?
Tuesday, December 2, 2014 - 11:50am | 291Read More...Ike Boruchow of Sterne Agee commented in a note on Tuesday that there was a “noticeable step-down” in discounting for retailers during Cyber Monday following a “highly promotional” Black Friday weekend. According to Boruchow's checks, only 33 percent of the 43 brands...
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Sterne Agee On Coach: Turnarounds Take Time
Wednesday, November 26, 2014 - 1:50pm | 296Read More...Ike Boruchow of Sterne Agee recently held a conference call with Coach Inc's (NYSE: COH) management team, including Andrea Resnick, Global Head of Investor Relations and Christina Colone, Director of Investor Relations. Boruchow concluded in a note to clients on Wednesday that 2015...
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L Brands Q3 Earnings Preview
Wednesday, November 19, 2014 - 4:31pm | 346Read More...L Brands Inc (NYSE: LB) reports Q3 earnings after the market close Wednesday. Analyst estimates anticipated EPS of $0.39 on revenue of $2.31 billion. Mizuho analyst Betty Chen anticipated EPS of $0.40 vs. $0.31 LY: “Despite the highly promotional retail environment, the company drove...
