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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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Under Armour Slides After Five-Year Plan Fails To Excite Investors
Thursday, December 13, 2018 - 2:16pm | 826Under Armour Inc (NYSE: UAA) shares took a nosedive Wednesday after the highly anticipated five-year plan unveiled at its Investor Day meeting failed to impress investors. CEO Kevin Plank introduced the company’s 2023 strategic growth plan at the meeting and said it was designed around two...
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DSW Delivers Strong Quarter, But Camuto Acquisition Keeps Canaccord Neutral
Wednesday, December 12, 2018 - 5:35pm | 429DSW Inc. (NYSE: DSW) delivered an impressive third-quarter beat Tuesday, but complexities and uncertainty around the business are keeping a notable analyst on the sidelines. The Analyst Canaccord Genuity analyst Camilo Lyon maintains a Hold rating and raised the price target from $27 to $28....
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Foot Locker Rallies After Q3 Beat, But Footwear Brands' Direct-To-Consumer Push Concerns Analysts
Wednesday, November 21, 2018 - 5:13pm | 798Foot Locker, Inc. (NASDAQ: FL) shares are soaring after the retailer reported a third-quarter earnings and sales beat Tuesday. The footwear retailer reported Q3 earnings of 95 cents per share, beating estimates by 3 cents. Sales came in at $1.86 billion, beating estimates by $10 million. Many...
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'We Believe This Momentum Will Likely Continue': 4 Reasons Behind Canaccord's Lululemon Upgrade
Wednesday, October 24, 2018 - 10:14am | 441Investors should take advantage of Lululemon Athletica Inc. (NASDAQ: LULU)’s 15-percent pullback over the last month, according to Canaccord Genuity. The Analyst Analyst Camilo Lyon upgraded Lululemon from Hold to Buy and raised the price target from $152 to $160. The Thesis The recent...
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Nike's Colin Kaepernick Ad 'Had The Intended Effect,' Canaccord Genuity Says After Survey
Tuesday, September 18, 2018 - 5:11pm | 440Nike Inc (NYSE: NKE)’s decision to partner with Colin Kaepernick has generated an enormous amount of media coverage and led to its stock hitting all-time highs. The move may have also potentially turned non-Nike buyers onto the swoosh, according to Canaccord Genuity. The...
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Nike Has Regained Its Footing, Canaccord Says In Upgrade Ahead Of Q1 Print
Tuesday, September 11, 2018 - 11:32am | 432Nike Inc (NYSE: NKE) received an upgrade and price target increase from Canaccord Genuity on Tuesday that comes on the heels of a price target increase from a Wedbush analyst. The footwear maker reports first-quarter earnings Sept. 25. The Analyst Analyst Camilo Lyon upgraded Nike from Hold...
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Hibbett Sports Has Become A 'Show Me Stock,' Canaccord Says In Downgrade
Monday, August 27, 2018 - 4:17pm | 422Hibbett Sports (NYSE: HIBB) received a sell-side downgrade Monday after posting disappointing second-quarter earnings last week. The Analyst Canaccord Genuity analyst Camilo Lyon downgraded Hibbett Sports from Buy to Hold and lowered the price target from $31 to $21. The Thesis After a...
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'A Clear Comeback': Nike Stock Hits All-Time High After Q4 Blowout
Friday, June 29, 2018 - 1:48pm | 695Nike Inc (NYSE: NKE) just keeps doing it. Shares of the world’s largest sportswear company are racing toward all-time highs after delivering a fourth-quarter earnings beat Thursday. Nike appears to emerged relatively unscathed from a severe management shakeup and pervasive ...
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Canada Goose's 'Stellar' Q4 Reinforces Bullish Case
Monday, June 18, 2018 - 3:49pm | 373To suggest Canada Goose Holdings Inc (NYSE: GOOS) merely exceeded expectations in its fiscal fourth-quarter earnings report would be an "understatement," according to Canaccord Genuity. The Analyst Canaccord Genuity's Camilo Lyon maintains a Buy rating on Canada Goose's...
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Nike's 10-Q: What You Need To Know
Saturday, April 7, 2018 - 3:45pm | 606Nike Inc (NYSE: NKE) released its fiscal third-quarter 10-Q regulatory filing Thursday, revealing multiple metrics that indicate there is plenty of work ahead for the company before it can show "sustained trajectory improvement," according to Canaccord Genuity. The Analysts...
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Analyst: Under Armour Risks 'Prolonged And Pervasive' Promotions, Loss Of Brand Cachet
Friday, March 16, 2018 - 12:41pm | 664Under Armour Inc (NYSE: UAA) investors should be concerned with the retailer's turnaround plans, according to Canaccord Genuity. The Analyst Canaccord Genuity analyst Camilo Lyon reiterated a Sell rating on Under Armour with a $9 price target. The Thesis Under Armour's near-term...
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Foot Locker Is A Buy Ahead Of Q4 Print, Says Canaccord's Camilo Lyon
Thursday, March 1, 2018 - 4:45pm | 574Foot Locker Inc (NYSE: FL) is entering 2018 on firmer footing, according to a report from Canaccord Genuity ahead of Foot Locker's Friday fourth-quarter earnings release. The Analyst Canaccord's Camilo Lyon reiterated a Buy rating on Foot Locker with a $67 price target. The Thesis Foot...
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Canaccord Expects Tapestry To Deliver Double-Digit EBIT Growth
Monday, February 5, 2018 - 6:04pm | 318Tapestry Inc (NYSE: TPR) is scheduled to report second-quarter earnings Feb. 6. The Analyst Canaccord Genuity's Camilo Lyon reiterated a Buy rating on Tapestry with a $58 price target. The Thesis Lyon is optimistic ahead of the earnings report and said he expects the...
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Hibbett Sports Upgraded With A Tax Cut, New Products And E-Commerce As Catalysts
Monday, January 8, 2018 - 1:45pm | 743In a dramatic reversal, Hibbett Sports, Inc. (NASDAQ: HIBB) has received an upgrade from Canaccord Genuity. After suffering over a 30-percent decline in 2017, Canaccord said Hibbett is now in a "sweet spot of improving fundamentals," with new catalysts driving a possible reversal in...