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Wall Street Reacts To Nike's Last Quarter With Mark Parker At The Helm
Friday, December 20, 2019 - 1:56pm | 835Read More...Nike Inc (NYSE: NKE) shares are down on Friday after reporting its second-quarter earnings print, the last release of CEO Mark Parker’s tenure. He has served as CEO since 2006 and will be replaced by John Donahoe next month. Nike reported quarterly earnings of 70 cents per share, which beat...
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Analyst: Lululemon's Luxury-Like Positioning Can Stretch Company To A $40B Market Cap
Tuesday, December 3, 2019 - 5:15pm | 459Read More...Amid all the retail woes apparel companies are seeing, the narrative simply doesn't apply to Lululemon Athletica Inc. (NASDAQ: LULU). The retailer's shares are up nearly 81% year to date. The LULU Analyst Cowen analyst John Kernan reiterates an Outperform rating on the stock and raised his...
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Cowen: Profit Growth Will Be Tough For Foot Locker In 2020
Friday, November 22, 2019 - 7:31pm | 485Read More...Foot Locker, Inc. (NYSE: FL) reported a third quarter earnings beat on Friday, but a sales miss sent shares plunging. The Analyst and Rating Cowen analyst John Kernan reiterated a Market Perform rating but lowered his price target from $47 to $45. The Thesis The footwear retailer reported...
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Cowen: Nike's Chinese Growth Unthreatened By NBA Turmoil
Sunday, October 13, 2019 - 4:52pm | 459Read More...NBA games during the upcoming season could be further restricted in China, but Cowen said it's is skeptical it will materially affect Nike Inc (NYSE: NKE)'s most profitable region. The Analyst John Kernan reiterated an Outperform rating on Nike with a $105 price target...
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Cowen: Lululemon's Chicago Store Could Set New Retail Standard
Tuesday, September 17, 2019 - 12:54pm | 451Read More...Cowen raised its price target for Lululemon Athletica inc. (NASDAQ: LULU) after meeting with the athletic apparel maker's management team this week. The Analyst John Kernan maintained an Outperform rating on Lululemon and raised the price target from $214 to $235. The Thesis...
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Cowen Slashes PVH Price Target: 'We Need More Clarity On Sustainable Free Cash Flow'
Thursday, August 29, 2019 - 3:29pm | 386Read More...PVH Corp (NYSE: PVH) shares are moving higher after the apparel company reported a second-quarter earnings beat Wednesday. One analyst cut their price target significantly on the stock after the quarterly print. The Analyst Cowen’s John Kernan maintained a Market...
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Sneakers As An Asset Class: 'The New Wave Of E-Commerce' Or A Bubble?
Wednesday, June 26, 2019 - 2:18pm | 916Read More...The rise of sneaker and luxury resale platforms in recent years has many consumers looking at shoes as investments as much as fashion or footwear. The commoditization of sneakers has given rise to several resale platforms that are raising capital. Two of them, Detroit-based StockX and China-based...
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Cowen: TJX Companies' Value Proposition Improves If Chinese Tariffs Hit Retailers
Tuesday, June 4, 2019 - 4:07pm | 441Read More...After hosting meetings with TJX Companies Inc (NYSE:TJX) CFO Scott Goldenberg, Cowen said it's confident in the company’s earnings growth potential despite the sector’s low sentiment. The Analyst John Kernan reiterated an Outperform rating on TJX with a $63 price...
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Cowen Likes Ralph Lauren On A Pullback Despite Looming Tariffs
Wednesday, May 15, 2019 - 3:18pm | 357Read More...Although the trade war still looms, with footwear and apparel companies expected to be particularly affected, one analyst says to buy on the pullback of Ralph Lauren Corp (NYSE: RL). The Analyst Cowen analyst John Kernan reiterates an Outperform rating with a $145 price target. The Thesis Ralph...
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Cowen: Sneaker Popularity, Resale Market Are Encouraging Signs For Brands
Friday, May 10, 2019 - 3:57pm | 649Read More...The hype around sneakers is at an all-time high. The industry has been buzzing for years, evidenced by the rise of sneaker resale platforms, two of which, StockX and Poison, just hit unicorn status; the entrance of luxury brands; and growing interest in sneakers within womens fashion....
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Callaway Shares Move Lower Despite Q1 Beat; Jack Wolfskin Weakness Comes In Focus
Friday, May 10, 2019 - 12:22pm | 419Read More...Callaway Golf Co (NYSE: ELY) shares are trading down despite the golf club maker's Thursday earnings beat. Here's how two analysts reacted to the print. Cowen Callaway management was able to raise its outlook within the core golf business, but weakness in the newly...
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Analysts Overwhelmingly Bullish On Outdoor Brand Yeti; Company Eyes International Growth
Friday, May 3, 2019 - 4:42pm | 547Read More...Yeti Holdings Inc (NYSE: YETI) continues to be one of the hottest stocks of 2019, with shares nearly doubling year-to-date. The Austin, Texas-based company's momentum is continuing after reporting a big first-quarter earnings beat Thursday. Here's how the sell-side reacted. KeyBanc...
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Under Armour Delivers Much-Needed Q1 Sales Beat
Thursday, May 2, 2019 - 3:40pm | 371Read More...Under Armour Inc (NASDAQ: UAA) is confident in the trajectory of its turnaround strategy, according to Cowen. Shares of the Baltimore-based apparel brand are moving higher after it reported a much-needed first-quarter sales beat Thursday and raised its 2019 guidance. The Analyst...
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Wall Street Raves About Lululemon's Analyst Day
Saturday, April 27, 2019 - 11:39am | 803Read More...Lululemon Athletica, inc. (NASDAQ: LULU) hosted its analyst day this week, and it brought big announcements from an apparel company that has gained a lot of momentum in recent months. Arguably, the biggest revelation was the announcement that Lululemon is entering the footwear business. Here...
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Cowen Stays Bullish On Columbia Sportswear After Q1 Beat, Footwear Remains Biggest Opportunity
Friday, April 26, 2019 - 3:13pm | 321Read More...Columbia Sportswear Company (NASDAQ: COLM) shares are off on Friday despite reporting a big first-quarter earnings beat and raised guidance. The Analyst Cowen's John Kernan maintains an Outperform rating and raised his price target from $120 to $123. The Thesis Kernan continues to see upside to...
