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Fly News Breaks for June 12, 2018
ADDYY, NKE, UA, UAA
Jun 12, 2018 | 08:33 EDT
Jefferies analyst Randal Konik says data form his firm's May footwear webscrapes and survey of 200 footwear retailers have become "increasingly positive" for Under Armour (UAA, UA) and Nike (NKE). Under Armour's products appear to be resonating better with the consumer, and Nike is gaining back share from Adidas (ADDYY), whose discounting hit a multiyear high, Konik tells investors in a research note. At Under Armour, discounting levels are improving, and new product lines, such as the HOVR Phantom, are selling out, the analyst adds. Further, he says Nike's new Air VaporMax is driving overall strength for the brand, while the recent introduction of the Air Max 270 is performing well.
News For UAA;UA;NKE;ADDYY From the Last 2 Days
NKE
Mar 28, 2024 | 15:22 EDT
What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of March 25-28. Find all top-rated... To see the rest of the story go to thefly.com. See Story Here
NKE
Mar 28, 2024 | 07:29 EDT
SharkNinja (SN) announced that Patraic Reagan has been named Chief Financial Officer, effective April 22...Reagan will oversee SharkNinja's financial strategies and lead the company's global finance organization, including financial planning and analysis, accounting, treasury, tax, internal audit, and investor relations. Larry Flynn, who served as Interim Chief Financial Officer since June 2023, will continue in his role as Chief Accounting Officer. Reagan joins SharkNinja with over two decades of relevant experience. Most recently, Mr. Reagan served as the Chief Financial Officer of Nike's (NKE) Asia, Pacific, and Latin America segment, where he helped drive consecutive years of strong revenue growth, and EBIT expansion that outpaced revenue while accelerating investment in key areas. Over his 13-year career with Nike, Mr. Reagan also served as the Global VP of Business Planning and was the CFO of Nike's Direct-to-Consumer business in EMEA. Prior to Nike, Mr. Reagan held financial positions of increasing responsibility at roles with with Coach (now Tapestry TPR), Polo Ralph Lauren Corporation, Kraft Foods and Chiquita Brands International. .
NKE
Mar 27, 2024 | 13:03 EDT
Morgan Stanley lowered the firm's price target on Nike to $116 from $124 and keeps an Overweight rating on the shares. Following Nike's Q3 earnings report, the firm reduced its Q4 topline and profitability forecasts based on weaker Q4 sales gross margin guidance than previously assumed. The firm now projects 80c EPS, versus the implied guidance of about 77c-78c and the firm's prior 91c forecast.