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Coach's Turnaround: Is There Room In This Bag To Carry More Upside?
Monday, July 31, 2017 - 1:40pm | 565Analysts at Jefferies parted way with their bullish stance on Coach Inc (NYSE: COH) as there are few catalysts left to support the stock. The firm's Randal Konik downgraded Coach's stock rating from Buy to Hold with a price target lowered from $53 to $45, which implies downside to the stock...
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Another Run Up: Can Nike Shares Just Do It?
Friday, June 30, 2017 - 11:05am | 501Nike Inc (NYSE: NKE) were certainly happy Thursday after-hours, when the company posted a solid fourth-quarter beat and confirmed analyst speculation of a move onto Amazon.com, Inc. (NASDAQ: AMZN). Nike reported EPS of $0.60 compared to $0.50 consensus, and sales of $8.7 billion compared to an...
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Jefferies Remains Bearish On L Brands Amid PINK's Slight Comp Positive, 'Far Off' Improving Trends
Thursday, May 18, 2017 - 11:26am | 429Jefferies analyst Randal Konik's bearish stance on L Brands Inc (NYSE: LB) remains unchanged despite the retailer reporting a better-than-expected earnings report and issued strong forward looking guidance. The analyst maintains an Underperform rating on L Brands' stock with an unchanged $35 price...
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Deckers Outdoor Potential M&A: From Rumor To Reality
Wednesday, April 26, 2017 - 9:35am | 435Deckers Outdoor Corp (NYSE: DECK), the parent company behind various shoe brands including UGG, joins other fashion icons including Kate Spade & Co (NYSE: KATE) in exploring strategic alternatives. Deckers announced after Tuesday's market close that its board of directors began a strategic...
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Analysts Respond To Lululemon's Q4 Beat, Weak Outlook
Thursday, March 30, 2017 - 2:00pm | 848Shares of Lululemon Athletica inc. (NASDAQ: LULU) were trading lower by more than 20 percent early Thursday morning in reaction to the company's fourth-quarter earnings report, which came in better than expected. However, the company's first-quarter revenue guidance of $510 million to $515 million...
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Nike Remains A Top Pick For 2017
Wednesday, March 22, 2017 - 10:10am | 301Nike Inc’s (NYSE: NKE) FQ3 2017 results exhibited improved sequential gross margin stability and a robust top-line performance. “We are particularly bullish on current product cycle,” Jefferies’ Randal Konik said in a report, while adding that the company is the main...
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Santa Leaves Lump Of Coal In Macy's Stocking
Thursday, January 5, 2017 - 12:08pm | 327Santa must not have been impressed by how nice Macy’s Inc (NYSE: M) and its shareholders were in 2016 because they have gotten a big lump of coal in their stockings this holiday season. What Happened? Macy’s shares are down 14.2 percent in early Thursday trading after the company...
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Titleist Trades Below Peer Set; Jefferies Starts At Buy
Tuesday, November 22, 2016 - 9:40am | 333Jefferies believes Acushnet Holdings Corp (NYSE: GOLF) ("Titleist")* should benefit from a stabilizing golf industry that would result in steady growth for the company via market share gains, loyal customer base and high consumables penetration. Acushnet, which makes golf products, recently came...
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Tiffany Gets A Shiny New Price Target At Jefferies
Monday, November 14, 2016 - 1:07pm | 297Tiffany & Co. (NYSE: TIF) shares could get a big boost from improving margins in coming quarters. Jefferies analyst Randal Konik is so positive about the opportunity for Tiffany that he has raised the firm’s price target for the Buy-rated stock from $85 to $100. “We remain...
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Adidas' Gain Is Nike And Under Armour's Pain In Foot Locker Online Sales
Tuesday, October 18, 2016 - 2:00pm | 300The latest data from Foot Locker, Inc. (NYSE: FL) confirms that adidas AG (ADR) (OTC: ADDYY) has stolen the athletic footwear momentum away from rivals Nike Inc (NYSE: NKE) and Under Armour Inc (NYSE: UA). According to Jefferies analyst Randal Konik, good news for Adidas is bad news for Nike...
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Analysts Took A Little Field Trip To The Gap's HQ; Here's What They Learned
Wednesday, October 12, 2016 - 2:01pm | 351After a rough couple of years, the latest numbers from Gap Inc (NYSE: GPS) suggest the company may be on the brink of a turnaround. According to Jefferies analyst Randal Konik, Gap investors now have more reasons to be bullish than bearish. After meeting with company management, Konik now sees...
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Francesca's Appointment Of New CEO Should Add Stability, Minimize Disruption To Operations
Wednesday, September 21, 2016 - 1:40pm | 248Jefferies said Francesca's Holdings Corp (NASDAQ: FRAN)'s hiring of Steven Lawrence as new CEO should minimize disruption in the business, while noting that Lawrence's strong merchant experience bodes well for the company. Francesca's named Lawrence as President and CEO,...
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Jefferies Calls A Peak To The 'Athleisure' Trend, Downgrades Lululemon
Thursday, September 8, 2016 - 12:06pm | 341A week after Lululemon Athletica inc. (NASDAQ: LULU) provided a downbeat forecast and lower-than-expected same-store sales for the second quarter, Jefferies downgraded the shares from Buy to Hold. Analysts Randal J. Konik and Janine Stichter have also reduced their price objective from $80 to $76...
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Shoe Carnival's Valuation Keeps Jefferies Sidelined
Thursday, September 1, 2016 - 2:17pm | 345A day after Shoe Carnival, Inc. (NASDAQ: SCVL) delivered disappointing quarterly results and narrowed its full-year outlook, Jeffries remains on the sidelines, citing valuation concerns. However, analysts Randal Konik and Janie Stichter boosted the price target from $24 to $29 and maintained its...
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Vera Bradley Kicks Off Rebranding Efforts
Monday, August 29, 2016 - 3:46pm | 361Vera Bradley, Inc. (NASDAQ: VRA) is stepping up its brand elevation efforts at a time when the back-to-school season is in full swing with just a week left for Labor Day. Vera Bradley kicked off its new marketing campaign this past week, part of a broader strategy designed to elevate and...