Information Provided By:
Fly News Breaks for July 18, 2018
RL, UA, UAA
Jul 18, 2018 | 07:00 EDT
Citi analyst Kate McShane believes Under Armour (UAA) and Ralph Lauren (RL) "have a lot in common." Both are founder-led companies with iconic brands in the midst of a turnaround, McShane tells investors in a research note. Further, the analyst notes that both companies are significantly reducing product size, modifying distribution and focusing on international opportunities. McShane believes that Ralph Lauren has an 18-24 month head start on its turnaround strategy, however. The analyst raised her price target for Under Armour to $22 from $18 and keeps a Neutral rating on the shares.
News For UAA;UA;RL From the Last 2 Days
RL
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. .