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Nike Analyst: 'We Prefer To Be Patient For A Better Entry Point'
Friday, December 22, 2017 - 5:12pm | 503Nike Inc (NYSE: NKE) delivered a solid second-quarter earnings beat Thursday, but continued weakness in North America and potential fallout from tax reform have one analyst lowering his price target on the world’s biggest sportswear company. The Expert Camilo Lyon of Canaccord Genuity...
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Canaccord Genuity: Foot Locker's Fortunes Are Turning Toward The Upside
Friday, December 15, 2017 - 3:46pm | 538Foot Locker Inc (NYSE: FL)'s woes appear to be overplayed, according to Canaccord Genuity. Despite suffering a 35-percent year-to-date decline amid a struggling sports retail environment, a sell-side analyst is confident after a meeting with the retailer's management that it's...
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Analysts Go Cuckoo For LULU After Q3 Beat
Thursday, December 7, 2017 - 4:14pm | 655Lululemon Athletica inc. (NASDAQ: LULU) shares are ripping, moving 7 percent higher after a solid third quarter report in the face of a struggling athleticwear cycle. After showing solid e-commerce growth, comps that were up 8 percent in the quarter, and a men’s business that's...
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Analyst: Hurricanes, Delayed Launches Set Foot Locker Up For A Weak Q3
Thursday, November 16, 2017 - 5:14pm | 416Foot Locker, Inc. (NYSE: FL) reports earnings Friday before the open and the Wall Street is expecting an 80-cent EPS. The Analyst Canaccord Genuity's Camilo Lyon reiterated a Hold rating for Foot Locker and decreased the price target from $39 to $36. The Thesis Canaccord Genuity...
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Capital Concerns Intensify For Sequential Brands
Friday, November 10, 2017 - 11:07am | 384Sequential Brands Group Inc (NASDAQ: SQBG), the parent company of licensed brands such as Martha Stewart and Emeril Lagasse, announced weaker-than-expected third-quarter results Thursday and issued muted 2018 guidance. The Analyst Canaccord Genuity analyst Camilo Lyon issued the downgrade...
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Canada Goose Gets A Boost
Thursday, November 9, 2017 - 3:08pm | 366Canada Goose Holdings Inc. Subordinate Voting Shares (NYSE: GOOS) reported better-than-expected second-quarter earnings that showed encouraging progress on a decision to focus on e-commerce sales. The Analyst Canaccord Genuity's Camilo Lyon. The Rating Lyon maintains a Buy...
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Retail Boogeyman Amazon Spooks Lululemon Investors With Hints Of Interest In Activewear
Tuesday, October 17, 2017 - 11:04am | 443Amazon.com, Inc. (NASDAQ: AMZN)'s eventual entry into the activewear apparel line should have Lululemon Athletica inc. (NASDAQ: LULU)'s investors worried for four reasons, analysts at Canaccord Genuity said. The firm's Camilo Lyon maintains a Sell rating on Lululemon's stock with an...
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Production Delays In Asia Weighing On Under Armour's Curry 4 Release
Thursday, October 12, 2017 - 3:03pm | 552The Golden State Warriors are one of the world’s best-known sports franchises. The NBA champions are tapping into their international fan base, particularly in Asia, where the team recently played two exhibition games in Shenzhen and Shanghai China. “Because we’ve got really...
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Analysis: The Michael Kors Turnaround Is Really Happening
Wednesday, September 27, 2017 - 4:07pm | 696The turnaround at Michael Kors Holdings Ltd (NYSE: KORS) isn't just speculative any more, it's real, Canaccord Genuity said. In response to its assessment, the firm upgraded shares from Hold to Buy and also lifted its price target from $43 to $58. At time of writing, shares of the company were...
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'Panic' May Be Setting In Among Nike Investors
Monday, September 18, 2017 - 2:02pm | 442Nike Inc (NYSE: NKE) investors’ patience for a turnaround may be starting to wane. “Patience is wearing thin and panic may be setting in,” said Canaccord Genuity analyst Camilo Lyon as he lowered fiscal year 2018 estimates from $2.34 to $2.32. Since 2015's all-time highs, shares...
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Lululemon's Q2: Even If There's A Beat, The Stock Is Still A Sell
Thursday, August 31, 2017 - 2:05pm | 332One of the remaining notable companies to report their earnings report is Lululemon Athletica inc. (NASDAQ: LULU). The fashion retailer is scheduled to report its earnings after Thursday's market close, and even if the company impresses investors in the quarter, Canaccord Genuity's Camilo Lyon won'...
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Are Foot Locker And Finish Line's Problems All Nike's Fault?
Wednesday, August 30, 2017 - 10:12am | 439Were Foot Locker, Inc. (NYSE: FL) and Finish Line Inc (NASDAQ: FINL)'s devastating second quarters largely due to Nike Inc (NYSE: NKE)'s fall from grace? Nike's struggles are well noted, and retailers heavily dependent on the brand have been getting crushed lately. Nike accounted for a...
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Foot Locker May Not Gain Traction Until 2018
Tuesday, August 22, 2017 - 8:21am | 331Prior to Foot Locker, Inc. (NYSE: FL)'s devastating second-quarter report, no analysts held a particularly bearish stance toward the company. That has quickly reversed course, with Canaccord Genuity joining in on the downgrades, lowering its rating from a Buy to a Hold. “At issue is a soft...
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Steve Madden Working On A Deal With Amazon? This Analyst Thinks So
Tuesday, August 15, 2017 - 4:30pm | 591Canaccord Genuity analyst Camilo Lyon thinks the shoe retailer is working on something big. After meeting with Steven Madden, Ltd. (NASDAQ: SHOO) management, Lyon believes the shoe company is creating a private-label brand for Amazon.com, Inc. (NASDAQ: AMZN), a deal that will compound revenue...
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Analyst: This Should Be Under Armour's 3-Step Plan To Fix Itself
Tuesday, August 1, 2017 - 10:18am | 359Under Armour Inc (NYSE: UAA)'s earnings report on Tuesday signals to investors that the company is going through a transition phase, Camilo Lyon of Canaccord Genuity said during CNBC's "Squawk Box" segment. Over the past 10 years, Under Armour's growth rate was a standout within the overall retail...