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ADDDY

adidas

, ADDYY

adidas

$112.62

-0.68 (-0.60%)

10:25
10/18/17
10/18
10:25
10/18/17
10:25

Jefferies consumer/footwear analysts hold an analyst/industry conference call

Research Analysts, along with John Luber, CEO of StockX discuss footwear trends including if the Adidas brand heat will continue to build, can Nike gain back lost ground, will Under Armour ever figure sneakers out and will basketball rebound on an Analyst/Industry conference call to be held on October 18 at 11 am.

ADDDY

adidas

ADDYY

adidas

$112.62

-0.68 (-0.60%)

NKE

Nike

$52.26

0.255 (0.49%)

UA

Under Armour

$15.10

-0.01 (-0.07%)

  • 18

    Oct

  • 22

    Oct

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    Oct

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    Oct

ADDDY adidas

ADDYY adidas
$112.62

-0.68 (-0.60%)

09/19/17
JEFF
09/19/17
NO CHANGE
JEFF
Jefferies cuts Nike target, says share loss to adidas accelerating
Survey work shows Nike (NKE) is ceding market share to adidas (ADDYY) in both Europe and the U.S. at an accelerating pace, especially in running, Jefferies analyst Randal Konik tells investors in a research note. The analyst's webscrape analysis shows Nike has 35 shoes in the top 60 sellers versus 52 last year, while adidas has risen to 24 styles, versus just 2 last year. Konik expects downward estimate revisions and multiple compression for Nike. He lowered his estimates for the company and cut his price target for the shares to $49 from $60. The shoemaker closed yesterday down 37c to $53.50. The analyst reiterates a Hold rating on the name. Konik also views Nike's eroding market share as negative for both Foot Locker (FL) and Finish Line (FINL).
09/22/17
PIPR
09/22/17
NO CHANGE
Target $53
PIPR
Neutral
Nike bulls in denial about resurgence of adidas, Piper Jaffray says
Piper Jaffray analyst Erinn Murphy says her intra-quarter reads point to ongoing deceleration in Nike (NKE) momentum, increasing concern around the Jordan brand, which represents 10% of sales, and intensifying promotional pressure on the category domestically. Bulls on Nike are still denying the durability of adidas' (ADDYY) resurgence, Murphy tells investors in a pre-earnings research note. The analyst believes adidas' market share gains have "longer growth sustainability." For Nike's Q1 results on September 26, Murphy sees revenue as inline "at best" and gross margin worse than expected. The analyst, however, sees cost controls driving an earnings beat. Murphy also sees risk to Nike's outlook for Q2. She keeps a Neutral rating on the shares with a $53 price target.
09/26/17
BERN
09/26/17
NO CHANGE
BERN
Survey respondents more likely to buy Nike for fashion/function, says Bernstein
Bernstein analyst Jamie Merriman says he and his firm surveyed 1000 people in the U.S. in July, asking them about 22 athletic apparel and footwear brands. At the athletic apparel and footwear category level, 58% of survey respondents expect to spend about the same amount on the category as they have spent over the last 12 months, while 28% expect to spend more and 14% expect to spend less, he notes. Among those who had shopped the brands in the LTM, the analyst says theintention to purchase more in the NTM was similar across Nike (NKE), adidas (ADDYY) and Under Armour (UAA), while Lululemon (LULU) customers reported the highest intention to purchase more going forward. Additionally, Merriman said respondents were most likely to purchase Nike, relative to other brands, for a combination of fashion and function.
10/16/17
SBSH
10/16/17
NO CHANGE
Target $65
SBSH
Buy
Nike investor day likely a neutral event, says Citi
Citi analyst Kate McShane believes Nike's (NKE) investor day on October 25 will likely be a neutral event for the shares. The company's previous long-term target of $50B in revenue by fiscal year 2020 is at risk, McShane tells investors in a research note. She expects long-term targets to be pushed out, but believes this reduction is likely anticipated. The analyst notes Nike shares are down 15% off of year-highs amid ongoing concerns around a slowdown in North America and improved momentum from competitor adidas (ADDYY). McShane keeps a Buy rating on Nike with a $65 price target.
NKE Nike
$52.26

0.255 (0.49%)

09/27/17
MSCO
09/27/17
NO CHANGE
Target $62
MSCO
Overweight
Nike pullback after earnings a 'buy low' opportunity, says Morgan Stanley
Morgan Stanley analyst Jay Sole said he is more bullish on Nike (NKE) after the company revealed with its Q1 report that its new Air VaporMax took top U.S. market share in the high-end price category, implying it outsold Adidas' (ADDYY) "vaunted" Ultra Boost. He also noted that Nike plans to re-implement its MAP pricing policy and is pulling back from unhealthy distribution channels, which he views as "courageous and arguably unexpected steps" that give some explanation for its weak North American guidance. The analyst, who lowered his FY18 EPS estimate by 4% and cut his price target to $62 from $64, keeps an Overweight rating on Nike and contends the post-earnings weakness is an excellent chance to "buy low."
10/05/17
PIVT
10/05/17
INITIATION
Target $56
PIVT
Hold
Nike initiated with a Hold at Pivotal Research
Pivotal Research analyst Mitch Kummetz initiated Nike with a Hold and $56 price target saying the company is susceptible to losing additional market share, specifically to adidas, despite efforts to implement a new strategy to drive its next phase of growth.
10/16/17
COWN
10/16/17
NO CHANGE
COWN
Amazon will price activewear aggressively, may enter babies, says Cowen
Cowen analyst John Kernan says conversations over the weekend with supply chain contacts indicate Amazon.com (AMZN) will be aggressive with pricing in the activewear market and is sourcing from similar fabric suppliers as Nike (NKE), lululemon (LULU) and Under Armour (UAA). Contacts also suggest Amazon may develop intimates, baby and basics, which is a risk to Hanesbrands (HBI) and Carter's (CRI), Kernan tells investors in a research note dated yesterday titled "Amazonian Apparel Is A Clear Negative For Mass Market Brands." He believes Amazon's announcement Friday that it will source, design and market an athletic apparel line is a "clear negative for the mass market area of the category." It will create additional supply and deflation in a category that already has "inventory piled high in the U.S. wholesale channel," Kernan argues.
UA Under Armour
$15.10

-0.01 (-0.07%)

09/25/17
09/25/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Under Armour (UAA) downgraded to Neutral from Buy at Guggenheim. 2. VF Corp. (VFC) downgraded to Sector Weight from Overweight at KeyBanc with analyst Edward Yruma saying the company's "consistent" results are adequately reflected in the current valuation. 3. Quest Diagnostics (DGX) downgraded to Market Perform from Outperform at Raymond James with analyst Nicholas Jansen citing the preliminary 2018 Clinical Laboratory Fee Schedule, or CLFS, rates released Friday evening, which creates an overhang. 4. AbbVie (ABBV) downgraded to Neutral from Buy at UBS with analyst Marc Goodman saying that shares are up 40% year-to-date. 5. Albemarle (ALB) downgraded to Neutral from Outperform at Baird with analyst Ben Kallo saying he thinks near-term execution is largely priced into the stock and he believes the shares are fully valued at current levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/17
PIPR
10/11/17
NO CHANGE
Target $14
PIPR
Neutral
Under Armour price target lowered to $14 from $17 at Piper Jaffray
Piper Jaffray analyst Erinn Murphy lowered her price target for Under Armour (UAA) shares to $14 after her firm's semi-annual teen survey indicated a further softening in athletic apparel brand grouping and and a move from larger/established brands towards up and coming ones. As a preferred apparel brand, Under Armour ranked 11 among upper-income teens, down from eight last year and six in the spring, Murphy tells investors in a research note after Piper spoke to 6,100 teens with an average age of 15.9 years. She lowered his fiscal year 2017 earnings per share estimate for Under Armour to 34c from 38c and keeps a Neutral rating on the shares.
10/12/17
ADAM
10/12/17
NO CHANGE
Target $15
ADAM
Hold
Under Armour price target lowered to $15 from $18 at Canaccord
Canaccord analyst Camilo Lyon lowered his estimates and cut his price target on Under Armour to $15 from $18 after performing supplier checks that suggest the company suffered from footwear production delays. He believes this could put Q3 gross margins at risk while future issues could manifest in the form of cancellations in Q4, making growth targets that much less attainable. Lyon maintained his Hold rating on Under Armour shares.

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$108.58

1.21 (1.13%)

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HPQ

HP Inc.

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HPE

HP Enterprise

$14.15

0.055 (0.39%)

16:09
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GME

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$16.64

0.2 (1.22%)

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CRM

Salesforce

$108.45

1.0775 (1.00%)

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QADB

QAD Inc

$31.74

1.74 (5.80%)

16:08
11/21/17
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HPQ

HP Inc.

$22.46

0.335 (1.51%)

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CRM

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$108.60

1.24 (1.16%)

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HPE

HP Enterprise

$14.16

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QADB

QAD Inc

$31.74

1.74 (5.80%)

16:07
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HPQ

HP Inc.

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ILMN

Illumina

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HP Inc.

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HIFS

Hingham Institution

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3.33 (1.68%)

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GLPG

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