Jay Sole

According to store checks by Morgan Stanley's Jay Sole, branded apparel and footwear sales outperformed overall "lackluster" retail Black Friday sales. Sole estimates "at least" high-single-digit sales growth for companies like Deckers Outdoor Corp (NYSE: DECK), Nike Inc...

Steven Madden, Ltd. (NASDAQ: SHOO) may have an attractive customer base and interesting shot at international expansion, but its sagging same-store sales leaves an analyst on the sidelines. The New York-based women's shoe retailer's shares are off more than 13 percent year to date. Same...

Jay Sole of Morgan Stanley initiated coverage of Brown Shoe Company (NYSE: BWS) with an Underweight rating and $24.50 price target. "Brown Shoe Company's wholesale division is weighed down with deteriorating assets and we think sales will fall short of expectations," Sole wrote. The analyst adds...

Jay Sole of Morgan Stanley initiated coverage of DSW Inc. (NYSE: DSW) with an Underweight rating and $27 price target. "In the 2000s, DSW's value proposition of great prices, selection and convenience was differentiated," Sole wrote. "Today the internet can match or beat DSW in all three areas."...

On Thursday, analysts at Morgan Stanley initiated coverage on footwear sector stocks: "The consensus view is internet pure plays will take share from retailers, but at a decreasing rate." Skechers USA Inc (NYSE SKX) Overweight rating; $73 price target. Jay Sole stated, “...

Jay Sole of Morgan Stanley initiated coverage of Genesco Inc. (NYSE: GCO) with an Equal-weight rating and $82 price target. "We believe the evolving retail landscape poses challenges to Genesco and limits the stock's out-performance potential," Sole wrote. The analyst adds that while the company...

Jay Sole of Morgan Stanley initiated coverage of Skechers USA Inc (NYSE: SKX) with an Overweight rating and $73 price target. "[Skechers] has a broader product assortment, more diversified customer base, wider geographic distribution, and more efficient supply chain," Sole wrote. The analyst...

Jay Sole of Morgan Stanley initiated coverage of Steven Madden, Ltd. (NASDAQ: SHOO) with an Equal-Weight rating and $35 price target. "The women's fashion footwear cycle is troughing and we don't anticipate an inflection until second quarter 2015 at the earliest," Sole wrote. The analyst adds that...

Morgan Stanley raised its price target for Nike Inc (NYSE: NKE) from $88 to $105. According to a research note from Jay Sole and Joseph Watt, Nike will sustain a 16 percent three-year EPS CAGR. Morgan Stanley claimed that EPS will increase due to “long-term investments made to improve...

In a note released Monday morning, Morgan Stanley analyst Jay Sole provided insight on what investors should expect out of Nike Inc (NYSE: NKE) in its first quarter earnings report. Sole said it is likely Nike will post inline results and reaffirm 2015 guidance, and he is not expecting a big move...

In a report published Thursday, Morgan Stanley analyst Jay Sole reiterated an Equal-Weight rating on VF Corp (NYSE: VFC). In the report, Morgan Stanley noted, “VFC's new $3.1B sales at 18% EBIT margin 2019 Timberland goal suggests a 21% IRR on the 2011 $2.3B acquisition. VFC's TBL analyst day...

In a note released earlier Thursday morning, Morgan Stanley analyst Jay Sole named Nike Inc (NYSE: NKE) the "2014 US Back-To-School Champion" and said it remains his top Overweight idea. He noted Nike was able to boost its total sales by 8.8 percent during the back-to-school season,...

Analysts at Morgan Stanley maintained an Equal-weight rating on PVH Corp (NYSE: PVH) Thursday. PVH Corp announced earnings after Wednesday's market close. The company reported EPS of $1.51 versus $1.42 estimates. Revenue missed expectations by $10 million, coming in at $1.98 billion. For the...

In a report published Thursday, Morgan Stanley analyst Jay Sole reiterated an Equal-Weight rating on Express (NYSE: EXPR), and named a $15.50 price target. In the report, Morgan Stanley noted, “EXPR same-store sales growth has been decelerating since 2Q13.Today's news likely indicates the trend has...

In a report published Monday, Morgan Stanley analyst Jay Sole reiterated an Equal-Weight rating on Under Armour (NYSE: UA). In the report, Morgan Stanley noted, “UA is a growth story, but largely understood by the market in our view. Both consensus and we think UA can meet its 2016 20% EPS CAGR...