Rick Patel

Etsy, Inc. (NASDAQ: ETSY) shares were trading lower Thursday, despite the company reporting a third-quarter earnings and sales beat Wednesday.  One sell-side analyst said Thursday that COVID-19 has materially accelerated the platform’s total addressable market into the ...

Online personal styling company Stitch Fix Inc (NASDAQ: SFIX) reported Tuesday afternoon with fourth-quarter results that were highlighted by a return of double-digit organic sales growth, but a muted outlook for the start of the new fiscal year. Here's how the Street reacted. ...

Stitch Fix Inc (NASDAQ: SFIX) is gaining strength by diversifying its model and following an aggressive client acquisition strategy, while benefiting from favorable secular trends, according to Needham. The Stitch Fix Analyst: Rick Patel upgraded Stitch Fix from Hold to Buy, while establishing...

Overstock.com Inc (NASDAQ: OSTK) is showing revenue growth acceleration and gaining market share due to both external and internal factors, according to Needham. The Overstock Analyst: Rick Patel initiated coverage of Overstock with a Buy rating and $96 price target.  The Overstock...

Lululemon Athletica Inc (NASDAQ: LULU) reported second-quarter revenue that was up 2%, led by direct-to-consumer sales that rose 155% year-over-year. Here's what the Street had to say. The Lululemon Analysts: KeyBanc Capital Markets analyst Matthew DeGulis maintains a Sector Weight rating...

Under Armour, Inc. (NYSE: UAA) released its second-quarter earnings report Friday, and the results “beat a low bar,” according to Needham. The Under Armour Analyst: Rick Patel maintained a Hold rating on Under Armour. The Under Armour Thesis: Under Armour’s second-quarter...

Lululemon Athletica Inc (NASDAQ: LULU) shares gained 5.5% on Tuesday after the company announced a $500 million buyout of in-home fitness company Mirror. Mirror is Lululemon’s first major acquisition, and the deal is expected to close in the second half of the year. New Way To Connect Bank of...

Shares of Lululemon Athletica Inc (NASDAQ: LULU) are down more than 35% over the past month and this represents a "good entry point" to buy, according to Needham. The Lululemon Analyst Rick Patel upgraded Lululemon's stock from Hold to Buy with a new $200 price target. The Lululemon...

Stitch Fix Inc (NASDAQ: SFIX) plunged more than 40% Monday night after reporting third-quarter sales guidance of $465-$475 million, far below the $506 million estimate. Full-year sales guidance between $1.81 billion and $1.84 billion — also well below market forecasts of $1.92 billion. It...

Online marketplace Etsy Inc (NASDAQ: ETSY) reported fourth-quarter results that came in above expectations and was followed up with better-than-expected guidance for 2020. Here is a summary of how some of the Street's top analysts reacted to the print. The Etsy Analysts Nomura Instinet analyst...

From a sell-off to a new brand name and the purchase of Kate Spade, Tapestry, Inc. (NYSE: TPR), formerly known as Coach, has had a year of transition. On Tuesday, the luxury apparel conglomerate picked up a new sell-side bull.  The Analyst Needham analyst Rick Patel upgraded Tapestry from...

All eyes are on Nike Inc (NYSE: NKE) sales heading into its first-quarter earnings report Wednesday, Sept. 25, the first since the company launched its "Just Do It" campaign featuring Colin Kaepernick. Here's what analysts are saying ahead of the print.  Baird Stays...

There’s a bit of divide heading into Nike Inc (NYSE: NKE)'s first-quarter report. Baird Says Buy Jonathan Komp of Baird Equity research does not believe Nike is out of the woods just yet, but negative sentiments are embedded into expectations. “Even though FQ1 EPS probably does not have...

Signet Jewelers Ltd. (NYSE: SIG) shares had a sparkle Wednesday, as Needham initiated coverage of the stock at Buy with a $69 price target. The firm is of the view that the worst is behind, given the decline in shares by about one-third over the past 12 months, and its estimates and the consensus...

Nearly a month ago, G-III Apparel Group, Ltd. (NASDAQ: GIII) delivered worse-than-estimated results for the second quarter. As a result, the stock lost nearly 30 percent. Now, CLSA advises investors to take advantage of the sharp pullback. Analysts Rick Patel and Cait Howard initiated the stock...