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NKE

Nike

$50.87

-0.165 (-0.32%)

, GRPN

Groupon

$4.83

-0.16 (-3.21%)

10:34
10/12/17
10/12
10:34
10/12/17
10:34

Nike 40% off signals trouble, Bloomberg reports

Nike (NKE) traditionally has not relied on discounts until now, with the sneaker giant announcing a 48-hour sale of as much as 40% on more than 200 items on its website, which the company also advertised through Groupon (GRPN) site, according to Bloomberg. The markdowns come as teens shy away from Nike and opt for rivals adidas (ADDYY), the publication noted, citing a survey released by Piper Jaffray. Reference Link

NKE

Nike

$50.87

-0.165 (-0.32%)

GRPN

Groupon

$4.83

-0.16 (-3.21%)

ADDYY

adidas

$115.00

-0.16 (-0.14%)

  • 18

    Oct

  • 16

    Nov

NKE Nike
$50.87

-0.165 (-0.32%)

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.
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."
09/27/17
BOFA
09/27/17
NO CHANGE
Target $42
BOFA
Underperform
Nike risk/reward still unfavorable, says BofA/Merrill
Following Nike's Q1 report and lowered guidance, BofA/Merrill analyst Robert Ohmes expects management to lower its previous $50B revenue target for FY20 closer to his forecast of $40B at its October 25 Investor Day. The analyst continues to view Nike's risk/reward as unfavorable and reiterated his Underperform rating given the challenging North American promotional environment, an extended period of revenue decline and further downward estimates revisions, elevated inventory levels globally, and a growth outlook that relies on improving China momentum and a reacceleration in direct-to-consumer engagement.
09/27/17
JEFF
09/27/17
NO CHANGE
Target $48
JEFF
Hold
Jefferies still not a buyer of Nike after Q1 beat
Jefferies analyst Randal Konik attributes Nike's beat in Q1 to low expectations, cost cuts and share repurchases. Inventories are elevated, gross margin declined and North America sales were down as market share is being lost, Konik tells investors in a post-earnings research note titled "Not A Buyer On Cost Cut Beat. Share Losses, Wholesale Exposure Remain Problems." The analyst trimmed his price target on the shares to $48 from $49 and says he's not a buyer post the results. Konik has a Hold rating on the name.
GRPN Groupon
$4.83

-0.16 (-3.21%)

08/31/17
UBSW
08/31/17
NO CHANGE
Target $190
UBSW
Buy
Costco comps a reminder of of business model strength, says UBS
UBS analyst Michael Lasser noted Costco (COST) reported better than expected August comps attributed to its Living Social and Groupon (GRPN) promotions as well as from food reflation. The analyst said the tailwinds should continue for a couple of months and said its results should serve as a reminder about the strength of its business model. Lasser reiterated his Buy rating and $190 price target on Costco shares.
10/11/17
GSCO
10/11/17
INITIATION
Target $4.7
GSCO
Sell
Groupon assumed with a Sell at Goldman Sachs
Goldman analyst Christopher Merwin assumed coverage on Groupon with a Sell and $4.70 price target. The analyst said lengthening payback period on marketing spend will impact unit economics and puts Street EBITDA estimates at risk.
09/22/17
DADA
09/22/17
INITIATION
Target $5
DADA
Buy
Groupon initiated with a Buy at DA Davidson
DA Davidson analyst Tom Forte started Groupon with a Buy rating and $5 price target. The company has a significant mobile effort" and should be able to leverage the secular shift towards mobile commerce, the analyst contends.
09/21/17
PIPR
09/21/17
NO CHANGE
Target $5.5
PIPR
Overweight
Pipper sees EBITDA upside pushing Groupon shares higher
Piper Jaffray analyst Samuel Kemp expects Groupon to beat the high end of its EBITDA guidance, forcing 2018 Street estimates "to a more realistic level and providing a tailwind" to the company's multiple. The analyst believes Groupon is seeing sustained momentum behind the North America local business and reductions in expenses. He notes that the company remains his strongest risk/reward profile idea over the next 12 months. Kemp reiterates an Overweight rating on Groupon with a $5.50 price target.
ADDYY adidas
$115.00

-0.16 (-0.14%)

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.
09/19/17
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).
09/18/17
ADAM
09/18/17
NO CHANGE
Target $51
ADAM
Hold
Nike showing internal 'panic' and investors may lose patience, says Canaccord
Canaccord analyst Camilo Lyon said his industry contacts indicate that a resurging Adidas (ADDYY) has taken meaningful share from Nike, "to the point of causing panic internally. He believes Nike investors, who have exhibited an "extraordinary amount of patience," could perhaps see their patience wane if the company does not show progress with its "stale innovation pipeline." Nike's Q4 had red flags that clearly pointed to a significant sell-in of product, leaving "little room" for a "quality" Q1 sales beat, said Lyon, who predicts the company will post an "expense-driven beat on easy comparisons" with its report on September 26 but believes second half expectations remain far too optimistic. He keeps a Hold rating and $51 price target on Nike shares.
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.

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AIMT

Aimmune

$32.21

-2.75 (-7.87%)

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NUAN

Nuance

$16.28

-0.28 (-1.69%)

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SSNLF

Samsung

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Qualcomm

$63.40

-0.59 (-0.92%)

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$63.40

-0.59 (-0.92%)

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CATY

Cathay General

$42.84

0.43 (1.01%)

18:59
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SUN

Sunoco

$30.00

-0.08 (-0.27%)

18:42
02/21/18
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Earnings
Sunoco reports Q4 EPS $2.01, may not compare to consensus 35c »

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USFD

US Foods

$32.29

0.33 (1.03%)

18:39
02/21/18
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US Foods director Lederer sells 98,702 common shares »

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VLRS

Volaris

$9.14

0.12 (1.33%)

18:38
02/21/18
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Earnings
Volaris reports Q4 28c, consensus 20c »

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VLRS

Volaris

$9.14

0.12 (1.33%)

18:34
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VMI

Valmont

$156.55

-0.55 (-0.35%)

18:29
02/21/18
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Earnings
Valmont sees 2018 adjusted $8.00, consensus $8.15 »

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VMI

Valmont

$156.55

-0.55 (-0.35%)

18:27
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Earnings
Valmont reports Q4 adjusted EPS $1.67, consensus $1.69 »

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CTRV

ContraVir Pharmaceuticals

$0.25

-0.013 (-5.00%)

18:11
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AAC

AAC Holdings

$8.38

0.25 (3.08%)

18:06
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AAC Holdings sees FY18 adjusted EPS 70c-75c, consensus 53c »

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AAC

AAC Holdings

$8.38

0.25 (3.08%)

18:05
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DNKN

Dunkin' Brands

$60.70

-1.45 (-2.33%)

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CE

Celanese

$102.43

0.05 (0.05%)

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TUSK

Mammoth Energy

$20.04

-0.11 (-0.55%)

17:56
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Earnings
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    May

NSPR

InspireMD

$4.20

-0.26 (-5.83%)

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ETFC

E-Trade

$51.76

-0.25 (-0.48%)

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Breaking Syndicate news story on E-Trade »

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SAVE

Spirit Airlines

$39.91

1.01 (2.60%)

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BAND

Bandwidth

$24.09

0.18 (0.75%)

, CAR

Avis Budget

$38.96

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$24.09

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MB

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$33.35

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SAIL

SailPoint Technologies

$17.92

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STMP

Stamps.com

$184.95

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GPOR

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$8.41

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SNPS

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$88.46

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PE

Parsley Energy

$23.10

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P

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MLNX

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ROKU

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CSLT

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TRN

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RGR

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$47.30

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CONE

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$48.81

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ADXS

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GWPH

GW Pharmaceuticals

$132.33

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OMF

OneMain Holdings

$31.67

-0.22 (-0.69%)

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CLI

Mack-Cali Realty

$18.33

-0.25 (-1.35%)

17:40
02/21/18
02/21
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17:40
Earnings
Breaking Earnings news story on Mack-Cali Realty »

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CLI

Mack-Cali Realty

$18.33

-0.25 (-1.35%)

17:39
02/21/18
02/21
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17:39
Earnings
Breaking Earnings news story on Mack-Cali Realty »

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