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DKS

Dick's Sporting

$37.17

0.78 (2.14%)

, FL

Foot Locker

$50.69

0.95 (1.91%)

08:34
08/20/18
08/20
08:34
08/20/18
08:34

Nervousness not necessary ahead of footwear retailers' results, says Susquehanna

Susquehanna analyst Sam Poser noted investors are very nervous regarding earnings of footwear retailers, but he sees little to no reason for such nervousness. The analyst believes Dick's Sporting (DKS), Foot Locker (FL), and Hibbett Sports (HIBB) are well positioned heading into earnings. The analyst said product assortment is improving, inventory levels are as clean as they have been in years, and based on forward weeks of supply, all three are at historic lows. Poser believes the combination of better product and clean inventory will provide a revenue and margin tailwind in Q2 and beyond. Poser has a Positive rating on Dick's Sporting, Foot Locker, and Hibbett Sports shares.

DKS

Dick's Sporting

$37.17

0.78 (2.14%)

FL

Foot Locker

$50.69

0.95 (1.91%)

HIBB

Hibbett Sports

$26.40

0.7 (2.72%)

  • 24

    Aug

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    Aug

  • 29

    Aug

DKS Dick's Sporting
$37.17

0.78 (2.14%)

08/15/18
OTRG
08/15/18
UPGRADE
OTRG
Positive
Dick's Sporting upgraded to Positive following checks at OTR Global
OTR Global upgraded Dick's Sporting to Positive from Mixed following checks that indicate Q2 sales were aided by favorable weather, increased customer interest in branded products, and price-matching programs.
08/15/18
OTRG
08/15/18
UPGRADE
OTRG
Positive
Dick's Sporting upgraded to Positive from Mixed at OTR Global
06/04/18
EVER
06/04/18
NO CHANGE
EVER
Dick's Sporting 3% Short Position closed in Model Portfolio at Evercore ISI
05/31/18
WOLF
05/31/18
UPGRADE
WOLF
Peer Perform
Dick's Sporting upgraded to Peer Perform from Underperform at Wolfe Research
FL Foot Locker
$50.69

0.95 (1.91%)

08/20/18
DBAB
08/20/18
NO CHANGE
Target $175
DBAB
Buy
Deutsche Bank says 'sticking with' off-price, athletic brands in apparel space
Deutsche Bank analyst Paul Trussell previewed earnings for apparel companies, telling investors in a research note that he is "sticking with" off-price, the brands and athletic brands over specialty retailers and department stores. Trussell expects beats from Burlington Stores (BURL), Ross Stores (ROST), TJX (TJX), PVH (PVH), Foot Locker (FL) and Lululemon (LULU), along with American Eagle Outfitters (AEO) and Buckle (BKE) as the outliers in the specialty group and Kohl's (KSS), and says he is "a bit more cautious" for the frest of his apparel coverage given stretched valuations. Trussell raised his price target for Burlington Stores to $175 from $167, to $96 from $91 for Ross and to $105 from $100 fro TJX, but cut his price target to $171 from $176 for PVH.
08/17/18
ADAM
08/17/18
NO CHANGE
Target $66
ADAM
Buy
Canaccord still positive long-term on Foot Locker despite headwinds seen in Q2
Canaccord analyst Camilo Lyon previewed Foot Locker's Q2 results and he believes near-term headwinds persisted during the quarter. The analyst believes the company needs to get past the Jordan and strong upcoming European comps, before the shares can resume their upward move. He notes European comps get easier in Q3 and he believes the Jordan sales have stabilized leading to positive second half results. Lyon reiterated his Buy rating and $66 price target on Foot Locker shares.
08/16/18
08/16/18
UPGRADE

Positive
Foot Locker upgraded to Positive following checks at OTR Global
As previously reported, OTR Global upgraded Foot Locker (FL) to Positive from Mixed. The firm's checks indicate Foot Locker's Q2 sales improved driven by robust demand for Nike (NKE) premium product. OTR now sees combined Q2 segment same-store-sales up 3% year-over-year, versus Q1 of flat-down 3% with combined ticket average up year-over-year with most managers surveyed.
08/16/18
OTRG
08/16/18
UPGRADE
OTRG
Positive
Foot Locker upgraded to Positive from Mixed at OTR Global
HIBB Hibbett Sports
$26.40

0.7 (2.72%)

06/18/18
BOFA
06/18/18
DOWNGRADE
BOFA
Underperform
Hibbett Sports downgraded to Underperform from Buy at BofA/Merrill
06/18/18
BOFA
06/18/18
DOWNGRADE
Target $20
BOFA
Hibbett Sports downgraded to Underperform on negative comps at BofA/Merrill
As previously reported, BofA/Merrill downgraded Hibbet Sports to twp notches to Underperform from Buy and cut its price target to $20 from $29. Analyst Rafe Jadrosich expects negative same-store-sales declines in Q4 and continuing through 2020 as Hibbett laps the ecommerce launch and excess inventory clearance. Further, the analyst expects ongoing e-commerce investments to limit operating margin expansion.
06/18/18
06/18/18
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. Redfin (RDFN) was downgraded to Sell from Neutral at Goldman Sachs while Zillow (Z, ZG) was downgraded to Neutral from Buy. 2. Dun & Bradstreet (DNB) downgraded to Neutral from Outperform at Baird with analyst Jeffrey Meuler saying he believes any potential take-out is already priced into the shares, the current valuation seems to limit potential upside, and the business requires more substantial changes to return it to sustainable organic growth. 3. Hibbett Sports (HIBB) downgraded to Underperform from Buy at BofA/Merrill analyst Rafe Jadrosich saying he expects negative same-store-sales declines in Q4 and continuing through 2020 as Hibbett laps the ecommerce launch and excess inventory clearance. 4. Cheesecake Factory (CAKE) downgraded to Neutral on valuation at BTIG with analyst Peter Saleh citing recent share strength. 5. Intel (INTC) downgraded to Underperform from Market Perform at Northland. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/19/18
ADAM
06/19/18
NO CHANGE
Target $31
ADAM
Buy
Hibbett Sports weakness a buying opportunity, says Canaccord
Canaccord analyst Camilo Lyon noted Hibbett Sports has been under pressure over the last weeks, but he said the pullback is a buying opportunity as his thesis remains intact. His thesis is predicated on an improving inventory and product pipeline that should result in positive comps and expanding gross margins for the balance of the year. Lyon reiterated his Buy rating and $31 price target on Hibbett Sports shares.

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PGR

Progressive

$80.47

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CRM

Salesforce

$157.60

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MRCY

Mercury Systems

$70.96

0.08 (0.11%)

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RNG

RingCentral

$122.58

0.14 (0.11%)

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LB

L Brands

$24.29

1.605 (7.08%)

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CPRT

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$64.99

-0.91 (-1.38%)

CTRP

Ctrip

$37.78

-0.09 (-0.24%)

SNPS

Synopsys

$115.10

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AVP

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GILD

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IOVA

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AMGN

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NTAP

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DSNKY

Daiichi Sankyo

$0.00

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SPOT

Spotify

$127.10

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IDXX

Idexx Laboratories

$250.45

1.24 (0.50%)

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OMC

Omnicom

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BSX

Boston Scientific

$37.74

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

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CTRP

Ctrip

$37.63

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CE

Celanese

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XRAY

Dentsply Sirona

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SIM

Grupo Simec

$9.23

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CPRT

Copart

$64.78

-1.12 (-1.70%)

17:51
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NVS

Novartis

$83.94

1.555 (1.89%)

17:51
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