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Jefferies Sees Ample Opportunity For Margin Recovery At JCPenney
Thursday, August 18, 2016 - 4:19pm | 471Read More...Jefferies reaffirmed its Hold rating on J C Penney Company Inc (NYSE: JCP), citing inherent risks in its turnaround, difficult department store environment and valuation, despite expressing confidence that the retailer can recover sales and margins. At its investor day, JCPenney highlighted four...
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Planet Fitness Is The Center Of The Health And Fitness Universe
Friday, August 12, 2016 - 2:31pm | 279Read More...Jefferies maintained its Buy rating and raised its price target by $1 to $26 on Planet Fitness Inc (NYSE: PLNT) following the second quarter beat that further vindicated the company's business model. The brokerage said franchising model offers growth visibility, capital light and reduces...
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Did Mall Retailers Have A Happy Fourth Of July?
Tuesday, July 5, 2016 - 3:02pm | 382Read More...Randal J. Konik of Jefferies believes retailers benefited over the Fourth of July weekend from a combination of weather, promotions and healthy traffic. In a research report published Tuesday, Konik offered a deep dive into the retailing sector and included first hand observations. Overall, most...
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Jefferies On Under Armour Warning: 'Sports Authority Shouldn't Be A Big Deal'
Wednesday, June 1, 2016 - 11:40am | 453Read More...Jefferies said The Sports Authority bankruptcy is a "minor near-term headwind" for Under Armour Inc (NYSE: UA), which slashed its 2016 outlook after Sports Authority's move to liquidate instead of restructure. Under Armour said 2016 revenue from Sports Authority is now expected to...
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Guess Top-Line Remains 'Challenged'; Jefferies Cuts Target To $18
Thursday, May 26, 2016 - 3:18pm | 339Read More...Jefferies has trimmed the target price of Guess?, Inc. (NYSE: GES) to $18 from $20 after the company reported weak quarterly results following a "challenging" top line. Quarterly Results The company's first-quarter results missed expectations, "driven by a weaker top line, including NA comps of (4...
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Jefferies Raises 'Top Pick' Abercrombie & Fitch PT To $50, Cash-Flows Have Been Put To Good Use
Tuesday, March 22, 2016 - 8:44am | 244Read More...On Tuesday, Jefferies issued a company note on Abercrombie & Fitch Co. (NYSE: ANF) after recent analysis showed improving company financials, more efficient business operations and appropriate use of cash flows that could drive business value and increase the company's bottom line....
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Jefferies On Retail: Here Are The Best Ways To Invest In '16
Monday, January 4, 2016 - 6:26pm | 376Read More...After another tough year in 2015, retail stock investors may finally have cause for optimism heading into 2016. In a new report, Jefferies analyst Randal Konik explained why the stage could finally be set for a retail comeback this year. Circumstances Have Changed While there is no question...
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Are Millennials To Blame For A Slowdown In Handbag Sales?
Thursday, September 24, 2015 - 11:55am | 423Read More...Snob Essentials co-founder Kelly Cook believes Millennials are to blame for slumping luxury retail sales. Millennials have demonstrated that they prefer to spend disposable income on experiences rather than material items. This behavior should have a more negative affect on the high-end...
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Luxury Handbag Pair Trade: Jefferies Likes Coach, Downgrades Vera Bradley
Tuesday, August 18, 2015 - 12:38pm | 360Read More...A new Jefferies report focuses on a specific retail segment that has been under a lot of pressure in recent years: handbags. Jefferies analyst Randal Konik believes that the results from a new handbag survey indicate that the worst of the downturn in the handbag market could now be in the rear-...
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Urban Outfitters Upgraded At Jefferies, 40% Upside Predicted
Tuesday, July 14, 2015 - 7:31am | 233Read More...In a report published Tuesday, Jefferies analyst Randal J. Konik upgraded the rating on Urban Outfitters, Inc. (NASDAQ: URBN) from Hold to Buy, while raising the price target from $36 to $50, which represent 40 percent upside to the stock valuation. "Based on our online and in-store checks and...
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Jefferies Is Optimistic On Under Armour Long-Term, But...There's A Big 'But'
Wednesday, March 25, 2015 - 8:52am | 336Read More...In a report published Wednesday, Jefferies analyst Randal Konik reiterated a Hold rating and $73 price target on shares of Under Armour Inc (NYSE: UA) following investor meetings with the company's management team. Here are Konik's takeaways from the meeting: Footwear: Under Armour...
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'Apple Watch Threat To Traditional Watchmakers Is Largely Overstated,' Says Jefferies
Tuesday, March 10, 2015 - 8:25am | 223Read More...In a report published Tuesday, Jefferies analyst Randal Konik argued that Apple Inc.'s (NASDAQ: AAPL) Apple Watch is well-designed, but the threat to traditional watchmakers such as Fossil Group Inc (NASDAQ: FOSL) is "largely overstated." Konik noted a proprietary smartwatch survey that found "...
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Jefferies Positive On The Gap Following Earnings, Wedbush Not So Much
Friday, February 27, 2015 - 12:45pm | 425Read More...Gap Inc (NYSE: GPS) on Thursday reported its fourth quarter results. By Friday morning, several analysts offered their take. Jefferies: It's ‘Simple' In a report published Friday, Jefferies analyst Randal Konik wrote that his view of The Gap is "simple." "...
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Jefferies Comments On Lululemon's Executive Hire
Thursday, January 8, 2015 - 11:25am | 196Read More...Lululemon Athletica inc. (NASDAQ: LULU) announced on Wednesday that it has appointed Stuart Haseldon as the company's new Chief Financial Officer, effective February 2. Haselden brings 15 years of executive leadership experience in retail. Randal Konik of Jefferies commented in a note...
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Gap Upgraded By Susquehanna And Jefferies
Monday, January 5, 2015 - 10:18am | 135Read More...Gap Inc (NYSE: GPS) on Monday was upgraded by Susquehanna from Neutral to Positive and by Jefferies from Hold to Buy. Jefferies analyst Randal J. Konik also raised the firm’s price target on Gap from $40 to $50. Konik noted that “after a tough year, we remain constructive on...
