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What Does Wall Street Think Of Costco Now?
Friday, October 6, 2017 - 2:32pm | 918Read More...Shares of Costco Wholesale Corporation (NASDAQ: COST) were trading lower by more than 5 percent on Friday after the company's fiscal fourth-quarter earnings report had many investors concerned with a dip in margins. Here is a roundup of what some of Wall Street's most notable analysts are saying...
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Back-To-School Shopping Data Sings A Familiar Refrain: Adidas Is Up, Nike Is Down
Tuesday, September 19, 2017 - 2:41pm | 567Read More...The latest back-to-school data is echoing the sentiment that has been well covered in the sportswear world over the past year; adidas AG (ADR) (OTC: ADDYY) is up and Nike Inc (NYSE: NKE) is down. Fresh off overtaking the Jordan brand as the No. 2 footwear brand in the U.S., Adidas increased sales...
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Back-To-School Season Won't Save Finish Line
Tuesday, August 29, 2017 - 1:19pm | 367Read More...Things are rough right now for athletic retailers, and a rush from back-to-school shopping is unlikely to save them. Sports industry analyst Matt Powell of NPD Group previously told Benzinga that this back-to-school season was the most promotional he has seen in 20 years. Finish Line Inc (NASDAQ:...
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Nike Will Continue To Lose Market Share To Adidas And Under Armour
Monday, October 31, 2016 - 12:17pm | 366Read More...Bank of America expects Nike Inc (NYSE: NKE) to continue to lose share to rivals adidas AG (ADR) (OTC: ADDYY) and Under Armour Inc (NYSE: UA) through 2017. The view is predicated on the firm's meetings with manufacturers, suppliers and competitors that suggest that innovation gap between...
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Street Looks Past Nike's Strong Q1 As Slowing Futures Orders Forebode Limited Upside
Wednesday, September 28, 2016 - 1:22pm | 486Read More...Analyzing Nike Inc (NYSE: NKE)'s first-quarter results, Bank of America Merrill Lynch said it sees limited upside for the company as futures orders slow. The firm reasoned that the outperformance by Nike in Q1 relative to its forecast was due to higher revenue growth, lower SG&A, higher "other...
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Under Armour Can Grow Top-Line 25% A Year, Bank Of America Says After Visiting HQ
Tuesday, April 26, 2016 - 1:23pm | 277Read More...After meeting with CEO Kevin Plank and other management, Bank of America analyst Robert Ohmes is convinced Under Armour Inc (NYSE: UA) can continue to grow sales by 25 percent annually. The meeting with management and the company’s Q1 earnings beat convinced Ohmes to raise his 2016 earnings...
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Nike Missed On Top Line, But Analysts Still Bullish On The Swoosh
Wednesday, March 23, 2016 - 11:21am | 589Read More...Nike Inc (NYSE: NKE) reported Q4 EPS of $0.55, topping consensus expectations of $0.49. The company also reported Q4 revenue of $8.0 billion, slightly below consensus expectations of $8.2 billion. Nike shares are down about 4.5 percent in early Wednesday trading, but the revenue miss didn...
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Bank Of America Just Met With Wal-Mart's Head Of Investor Relations; Here's What Happened
Tuesday, June 9, 2015 - 11:38am | 361Read More...In a report published Tuesday, Bank of America analyst Robert Ohmes detailed a meeting held with Wal-Mart Stores, Inc. (NYSE: WMT)'s Head of Global Investor Relations Carol Schumacher to discuss the company's associate and store investments, category performance, e-commerce growth and the...
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Bank Of America: Under Armour Visibility Is 'Accelerating,' Stock Now Worth More
Monday, April 20, 2015 - 8:43am | 270Read More...Bank of America on Monday issued a report on Under Armour Inc (NYSE: UA) ahead of the release of first quarter earnings on Tuesday. Bank of America rates Under Armour as a Buy and raised the price target from $88 to $95. Analysts Robert Ohmes and Rafe Jadrosich wrote, "We believe UA is...
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Bank Of America Checks Show Outperformance At Michael Kors, Google Trends Sloping Negative
Wednesday, April 15, 2015 - 3:00pm | 314Read More...In a report published Tuesday, Bank of America analyst Robert Ohmes detailed recent store checks at Michael Kors Holdings Ltd (NYSE: KORS) are "solid" but Google Trends may be telling a different story. According to Ohmes, store checks in Atlanta, Georgia, during Spring Break...
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Bank Of America: Michael Kors Is 'Most Attractive' Vs. Peers
Wednesday, March 18, 2015 - 11:17am | 331Read More...In a report published Wednesday, Bank of America analyst Robert Ohmes suggested that Michael Kors Holdings Ltd (NYSE: KORS) shareholders consider weather, foreign exchange, damage to its e-commerce distribution center and port disruption concerns as a buying opportunity. Ohmes stated that...
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Here's Why Bank Of America Downgraded The Fresh Market
Monday, March 9, 2015 - 12:17pm | 166Read More...In a report published Monday, Bank of America analyst Robert Ohmes downgraded shares of The Fresh Market Inc (NASDAQ: TFM) to Neutral from Buy with a $45 price target due to valuation reasons and uncertainties over the company's prospects. Ohmes noted that the company's 3.0 percent comp gains in...
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Highlights From Bank Of America's Roosevelt Field Holiday Mall Tour
Wednesday, December 10, 2014 - 1:03pm | 354Read More...Robert Ohmes of Bank of America visited the Roosevelt Field Mall during the holiday shopping period to observe first hand the performance of several retailers. These are his key takeaways. Finish Line (NASDAQ: FINL) saw healthy trends as athletic footwear and apparel momentum appeared to...
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Bank Of America On Finish Line: 'Trends Healthy, But Promos Upticking'
Wednesday, December 10, 2014 - 10:20am | 221Read More...Robert Ohmes of Bank of America commented on Wednesday following key takeaways he observed at the Roosevelt Field Mall during the Holiday shopping period thus far. According to Ohmes, athletic footwear and apparel momentum appear to be “very healthy” with strength seen in Nike Inc (NYSE: NKE) and...
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Bank Of America: VF Corp's Key Brands 'Outperforming'
Wednesday, December 10, 2014 - 9:54am | 124Read More...Robert Ohmes of Bank of America noted in a note on Wednesday that VF Corp's (NYSE: VFC) key brands stood out. Ohmes notes that VF Corp's Timberland boots “far outperformed” expectations based on observations at the Roosevelt Field Mall thus far through the Holiday shopping season. Ohmes states that...
