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Oxford Industries And Gildan Activewear: Citi Suggests A Pair Trade
Tuesday, November 15, 2016 - 10:59am | 327Read More...Both Oxford Industries Inc (NYSE: OXM) and Gildan Activewear Inc (USA) (NYSE: GIL) are small-/mid-cap apparel manufacturers, with more than 90 percent of sales generated in North America. There is, however, “relative upside opportunity” for Oxford Industries versus Gildan Activewear...
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Skechers Downgraded To Neutral At Citigroup Citing Near-Term Business Weakness
Friday, October 21, 2016 - 8:25am | 391Read More...Citi’s Corinna Van der Ghinst believes the lack of visibility into Skechers USA Inc (NYSE: SKX)'s top line over the next 12 months could lead to further volatility in the stock over the next year, “while keeping valuation in a depressed range until the company returns to a more...
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Athletic Will Remain The Strongest Footwear Trend In 2016
Friday, June 3, 2016 - 12:13pm | 322Read More...Citi analyst Corinna Van der Ghinst recently met with Shoe Carnival, Inc. (NASDAQ: SCVL) management at the Citi Retail Seminar to discuss the latest trends in footwear. According to Van der Ghinst, the athletic segment is as strong as ever. Shoe Carnival sees strong growth across the boards in...
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Citi Downgrades Deckers Outdoor, But Believes Downside Risks Are Already Priced In
Friday, May 27, 2016 - 11:01am | 333Read More...Deckers Outdoor Corp (NYSE: DECK) reported robust 4Q results, although the FY17 guidance was below expectations. Citi’s Corinna Van der Ghinst downgraded the rating on the company from Buy to Neutral, while lowering the price target from $69 to $53. Reasons For The Downgrade Although Deckers...
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Citi's Pair Trade In Footwear: Favors Deckers Over Wolverine World Wide, Skechers Remains Top Rated
Tuesday, March 29, 2016 - 1:40pm | 420Read More...Citi expects Deckers Outdoor Corp (NYSE: DECK) to outperform Wolverine World Wide, Inc. (NYSE: WWW) over the next 12-months, as it sees greater relative upside opportunity from Deckers' UGG product transition, improved segmentation and cost-cutting initiatives. Pair Trade "While WWW's FY16 outlook...
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Deckers Outdoor Plummets, Analysts Divided
Friday, January 30, 2015 - 12:58pm | 426Read More...Deckers Outdoor Corp (NYSE: DECK) shares tumbled Friday a day after the maker of Ugg boots missed expectations for its fiscal third quarter and cut its outlook. The company traded recently down more than 18 percent to $67.26 a share. With about a quarter of the company's revenue coming...
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Deckers Trends Up On FQ2 Beat; Analysts Upgrade, Boost Targets
Friday, July 25, 2014 - 11:21am | 320Read More...Deckers Outdoor (NYSE: DECK) strong second-quarter results impressed investors, with shares trading up nearly 10 percent to $93.50 in pre-market action Thursday. The maker of UGG boots and Teva sandals posted a narrower-than-expected net loss for its fiscal first quarter, while its 24 percent...
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UPDATE: Citigroup Initiates Coverage Of Skechers And Deckers
Monday, May 19, 2014 - 11:47am | 176Read More...Citi on Monday initiated coverage of Skechers USA (NYSE: SKX) and Deckers Outdoor (NYSE: DECK) with a Buy rating for both firms due to expecting strong momentum in 2014. Citi analyst Corinna Van der Ghinst backs the rating, citing that both firms "emerged from significant company-specific...
