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Sell-Side Overwhelmingly Bullish On Nike Despite Post-Earnings Pullback
Wednesday, September 26, 2018 - 1:52pm | 552Read More...Nike Inc (NYSE: NKE) shares are down despite reporting a first-quarter beat that has the company on track to do roughly $40 billion in sales in 2019. The Analysts Weigh In Stifel analyst Jim Duffy said Nike’s first quarter was a strong start to the year that showcased acceleration in...
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Protect This House? Macquarie Downgrades Under Armour
Tuesday, January 16, 2018 - 11:20am | 384Read More...Under Armour Inc (NYSE: UAA)'s stock lost around 50 percent of its value throughout 2017 and one notable Wall Street analyst sees the stock's woes continuing in 2018. The Analyst Macquarie Research's Laurent Vasilescu downgraded Under Armour's stock from Neutral to...
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Coach's Former CFO Assumes Her Role At Ralph Lauren
Tuesday, September 27, 2016 - 3:29pm | 285Read More...Macquarie maintains its Outperform rating on Ralph Lauren Corp (NYSE: RL) after the company named former Coach Inc (NYSE: COH) Chief Financial Officer Jane Nielsen as Ralph Lauren's new CFO. The appointment is said to be a good move, as both companies are global in nature and are undergoing...
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4 Reasons Macquarie Has Moved To The Sidelines On Macy's
Friday, August 12, 2016 - 1:17pm | 405Read More...Macquarie downgraded Macy's Inc (NYSE: M) to Neutral from Outperform as it expects the sales shortfall from the closure of 100 stores could exceed the company's estimate of $1 billion. "We have difficulty in seeing that the 100 store closures will only impact sales by $1B. We are...
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Macquarie Sees Lululemon's Inventory Figures Continuing To Worsen
Thursday, June 9, 2016 - 5:22pm | 197Read More...Macquarie analyst Laurent Vasilescu issued a scathing note on Lululemon Athletica inc. (NASDAQ: LULU) Thursday. The note, which followed lululemon's first-quarter earnings report, showed concern related to the company's consistently growing inventory levels. Vasilescu's note...
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Shoe Industry Manufacturing Is About To Change Forever (And Nike's Leading The Charge)
Tuesday, April 19, 2016 - 1:16pm | 312Read More...Macquarie’s Laurent Vasilescu believes that the footwear and apparel industry is looking toward automation to mitigate the rising labor costs, and Nike Inc (NYSE: NKE) is leading this “manufacturing revolution.” Vasilescu reiterated an Outperform rating on the company, with a...
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Nike's North American Inventory Number Is Something Many Are Missing: And It's Good
Friday, April 8, 2016 - 12:45pm | 409Read More...Nike Inc (NYSE: NKE) is up roughly 18 percent over the past 12 months, a little more than 1 percent over the last three months, and analysts like the name. Goldman Sachs, Barclays and Credit Suisse all maintained their ratings on the stock following its recent earnings results, with Buy, Overweight...
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Macquarie Still Bearish On Lululemon, Says It's Waiting For This
Tuesday, March 1, 2016 - 10:00am | 191Read More...Macquarie's Laurent Vasilescu maintained an Underperform rating for Lululemon Athletica inc. (NASDAQ: LULU), with a price target of $39. He said that the 56 percent y/y increase in Lululemon's inventories so far is a cause for concern and may restrict the company's profitability. Although the...
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Top Nike Analysts Love Recent Numbers
Wednesday, December 23, 2015 - 11:53am | 1043Read More...Shares of Nike Inc (NYSE: NKE) have appreciated 38.51 percent year-to-date, touching a high of $134.33 on November 27. Several top analysts recommended buying the stock, while one preferred to remain on the sidelines. The analysts believe that “Santa came early” for Nike this...
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Macy's Crashed Following Its Troubled Outlook: Are Analysts Bullish?
Thursday, November 12, 2015 - 11:43am | 1102Read More...Shares of Macy's, Inc. (NYSE: M) plummeted to new 52-week lows of $39.75 on Wednesday after the company reported a downbeat third quarter and also lowered its full year outlook. Macy's stock hasn't dipped below the $40 per share mark since February 2013. With shares trading...
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Why These Analysts Believe Robotic Automation Could Save Footwear, Apparel Industries
Wednesday, September 23, 2015 - 2:41pm | 445Read More...Labor costs accounts for 20–30 percent of total manufacturing costs for several footwear and apparel manufacturers. Annual wage hikes of 10-15 percent have pushed manufacturers out of China and into other cheaper labor countries like Vietnam. Macquarie Capital analysts noted that labor costs...
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Profit From One Of The Worst El Niños Ever
Wednesday, September 23, 2015 - 12:46pm | 432Read More...This year’s weather patterns indicate another cold winter ahead. Macquarie believes that winter clothing makers are the best way to trade the cold winter. The firm prefers VF Corp (NYSE: VFC) over Columbia Sportswear Company (NASDAQ: COLM) and Deckers Outdoor Corp (NYSE: DECK). The vast...
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Is Macy's Still A Buy?
Thursday, August 13, 2015 - 12:37pm | 422Read More...Following Macy’s, Inc. (NYSE: M) Q2 earnings report, Macquarie analyst Laurent Vasilescu released a report breaking down the takeaways from Macy’s quarter and what shareholders should be watching for next. Overall, Macquarie maintains its bullish outlook for the retailer. Asian...
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Lids Store Taking Time To Turnaround, But Journeys Gives Genesco 7% Upside
Friday, July 24, 2015 - 2:08pm | 393Read More...In a report published Friday, Macquarie analysts Laurent Vasilescu and Stephanie Wakeham initiate coverage Genesco Inc. (NYSE: GCO) with a Neutral rating and a $69.00 price target, which represents a 7 percent potential upside. The experts note that, while the Journeys concept is certainly...
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Analysts Trim Outlook For Urban Outfitters
Friday, October 17, 2014 - 2:56pm | 402Read More...Urban Outfitters, Inc. (NASDAQ: URBN) made its second apology in a month Thursday, this time for falling same-store sales it said will hurt profits in the current quarter. Urban Outfitters fell more than 15 percent Friday to $29.15 per share. The Philadelphia-based company last month issued a...
