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Nike Analysts Bullish Following Earnings Beat: 'Long-Awaited, Structurally Higher Margins'
Wednesday, September 23, 2020 - 1:16pm | 765Nike Inc (NYSE: NKE) shares traded higher by 10% on Wednesday in a down day for stocks after the company reported a huge surge in online sales in the fiscal first quarter and said trends in China are improving. On Tuesday afternoon, Nike reported first-quarter EPS of 95 cents on revenue of $10.59...
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6 Lululemon Analysts On Q1 Performance, Coronavirus Strategy
Friday, June 12, 2020 - 12:34pm | 842Lululemon Athletica Inc (NASDAQ: LULU) posted a 17% revenue decline in the first quarter Thursday despite 68% e-commerce growth. Earnings of 22 cents per share missed the Street estimate by a penny, while gross margins beat the consensus by more than 100 basis points. “We come...
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Morgan Stanley Upgrades American Eagle Outfitters On Margin Upside, Liquidity
Thursday, June 4, 2020 - 12:05pm | 277While American Eagle Outfitters Inc’s (NYSE: AEO) operating expense discipline and store rationalization could lend upside to EBIT margins in the medium term, the company’s liquidity position seems adequate for the risk of a second wave of virus outbreak, according to Morgan Stanley....
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Black Friday 2019 Winners And Losers: Amazon, Macy's, Shopify And More
Monday, December 2, 2019 - 3:38pm | 741Online retailers were winners on a good news-bad news Black Friday that saw overall sales up nearly 20% over last year, but sales that came in under some expectations due to a drop-off in traditional brick and mortar shopping. U.S. shoppers spent more than $7 billion on Friday, thanks largely to...
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Analysts React To Gap's Q3 Earnings Beat, Target Taking Market Share From Old Navy
Friday, November 22, 2019 - 4:34pm | 735Gap Inc (NYSE: GPS) shares are moving higher one day after reporting a third-quarter earnings beat, despite seeing all three of its main segments deliver negative comps. Wells Fargo With Gap’s third-quarter outlook and CEO departure pre-announced earlier in the month, analyst Ike...
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'Their Model Continues To Thrive': TJX Analysts React To Q3 Earnings Beat
Wednesday, November 20, 2019 - 6:12pm | 741TJX Companies Inc (NYSE: TJX) shares are falling one day after the retailer reported a third-quarter earnings beat. Morgan Stanley Analyst Kimberly Greenberger said she sees off-price share gains from department stores, specialty and discount retailers continuing. “Off-price...
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Wedbush Likes Skechers, Morgan Stanley Needs More Confidence
Thursday, October 24, 2019 - 3:51pm | 402Skechers USA Inc (NYSE: SKX) reported third-quarter results, which reinforced the case for being bullish for one Street analyst while another remains sidelined. The Analysts Wedbush analyst Christopher Svezia maintains an Outperform rating on Skechers with a $38 price target. Morgan Stanley analyst...
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What Mark Parker's Departure And John Donahoe's Arrival Means For Nike, ServiceNow
Wednesday, October 23, 2019 - 2:45pm | 753The footwear industry is undergoing a massive executive shakeup. It began Monday when Adidas AG (ADR) (OTC: ADDYY) CMO Eric Liedtke announced he was stepping down. Liedtke was largely responsible for Adidas’ resurgence in North America and was presumably the company’s next pick for CEO...
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'Nike Continues To Expand The Market': Analysts Applaud Q1 Beat
Wednesday, September 25, 2019 - 5:05pm | 836Nike Inc (NYSE: NKE) shares are in all-time high territory after the apparel company posted a first-quarter earnings beat Tuesday. Wells Fargo Weighs In Although expectations were very high heading into the first quarter, Nike was able to clear the bar with an earnings report that was solid from...
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Wall Street More Bullish On Gap Following Investor Day
Friday, September 13, 2019 - 2:35pm | 437Gap Inc (NYSE: GPS) hosted its investor day on Thursday, announcing the ambitious plan to open 800 Old Navy stores despite seeing a downturn in the business. Morgan Stanley: Mind The Gap Morgan Stanley analyst Kimberly Greenberger said the eventual Gap-Old Navy separation details creates key...
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Analysts Cheer Lululemon's Impressive Growth, Innovation Is Still Key
Friday, September 6, 2019 - 12:30pm | 438Lululemon Athletica Inc. (NASDAQ: LULU) shares traded higher on Friday after the company knocked it out of the park with its second-quarter earnings report. Lululemon reported earnings and revenue above analyst forecasts and said same-store sales growth was up 15% last quarter, beating consensus...
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Old Navy Comp Decline A Worry For Gap
Friday, August 23, 2019 - 2:16pm | 515Gap Inc (NYSE: GPS) shares are falling after reporting a second-quarter sales miss. Gap CEO Art Peck said the company was facing a difficult competitive environment after all three divisions of the company delivered negative comps. Fixable, But Waiting For Signs Morgan Stanley analyst Kimberly...
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Macy's 'Innovation Ideas' Are Good But Not Good Enough, Morgan Stanley Says
Thursday, August 15, 2019 - 12:10pm | 377Macy's Inc (NYSE: M) presented to investors new details of a turnaround plan that sounds compelling but not enough to "turn the tide," according to Morgan Stanley. The Analyst Morgan Stanley analyst Kimberly Greenberger maintains an Underweight rating on Macy's with a price...
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Wall Street Reacts To Yet Another Lululemon Earnings Beat
Thursday, June 13, 2019 - 2:08pm | 895Lululemon Athletica inc. (NASDAQ:LULU) reported a strong first-quarter earnings beat on Wednesday, continuing its stretch as one of the hottest companies in a struggling retail environment. Wall Street had plenty to say about lululemon's continued outperformance. Lululemon shares traded up 1.9...
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Abercrombie & Fitch In Free Fall After Q1 Print, Bull Analysts Nowhere To Be Seen
Thursday, May 30, 2019 - 3:34pm | 627Shares of Abercrombie & Fitch Co. (NYSE: ANF) have dropped nearly 50 percent over the past month. The retailer reported a first quarter earnings and sales beat Wednesday, but issued weak second-quarter guidance. The stock was down 4.79 percent at the time of publication Thursday. ...