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UAA

Under Armour

$20.57

-0.37 (-1.77%)

, UA

Under Armour

$18.86

-0.44 (-2.28%)

11:24
08/29/18
08/29
11:24
08/29/18
11:24

Under Armour selloff on Dick's 'head fake' a buying opportunity, says Baird

Baird analyst Jonathan Komp noted that while Dick's Sporting Goods (DKS) reported its own "disappointing" earnings, the company called out continued sales challenges for Under Armour (UAA), which it attributed to expanded distribution. He believes current sporting goods disruption for Under Armour is already reflected in the company's 2018 earnings guidance and also believes other mid-tier channels have continued to show strong sales performance, pointing out that Kohl's (KSS) saw Under Armour accelerate in Q2. Komp, who views the selloff on Dick's comments a "compelling buying opportunity," keeps an Outperform rating and $27 price target on Under Armour Class A shares.

UAA

Under Armour

$20.57

-0.37 (-1.77%)

UA

Under Armour

$18.86

-0.44 (-2.28%)

DKS

Dick's Sporting

$33.77

-2.62 (-7.20%)

KSS

Kohl's

$76.97

-1.9 (-2.41%)

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    Sep

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    Sep

UAA Under Armour
$20.57

-0.37 (-1.77%)

07/27/18
RHCO
07/27/18
NO CHANGE
Target $20
RHCO
Hold
Under Armour price target raised to $20 from $17 at SunTrust
SunTrust analyst Pamela Quintiliano raised her price target on Under Armour to $20 and kept her Hold rating after its "solid" Q2 results but "highly disappointing" Q3 guidance. The analyst notes that there is evidence of improvement and execution of strategic goals, but the outlook of reduced promotional activity in a "highly competitive" market may be "lofty".
08/01/18
MSCO
08/01/18
INITIATION
Target $20
MSCO
Equal Weight
Under Armour initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Lauren Cassel initiated Under Armour with an Equal Weight and $20 price target citing rich valuation.
08/07/18
BARD
08/07/18
NO CHANGE
Target $27
BARD
Outperform
Under Armour designated as Fresh Pick at Baird
Baird analyst Jonathan Komp designated Under Armour shares as a Fresh Pick citing its recent pullback and stabilizing fundamentals, both which he sees supporting a good second half setup. Komp reiterated his Outperform rating and $27 price target on Under Armour shares.
08/16/18
08/16/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. ARGUS SAYS BUY LULULEMON: Argus analyst John Staszak upgraded Lululemon (LULU) to Buy from Hold with a price target of $150, citing the company's Q1 earnings beat and expectations of improved comps in Q2, along with its "substantial" growth opportunities to expand its brand overseas and particularly in China. Staszak contends that Lululemon's growth prospects are "among the best in the apparel sector," with a transition to higher margin e-commerce sales seen expanding its operating margins in the coming several years. The analyst further notes that his implied price target valuation multiple of 44-times forward earnings is within the multiple range of companies like Nike (NKE), Under Armour (UA), and VF Corp. (VFC) and justified by its rapid e-commerce adoption and strong overall growth. KIMBERLY-CLARK RAISED AFTER PRICE HIKES: JPMorgan analyst Andrea Teixeira upgraded shares of Kimberly-Clark (KMB) to Neutral from Underweight and raised her price target to $114 from $90 following yesterday's announcement that the company will increase prices or reduce package counts on key products in North America. The analyst notes that while it remains to be seen if the price increases will "actually hold" given the intensely competitive U.S. market, she believes investors will give Kimberly-Clark shares the benefit of the doubt. Additionally, she tells investors that Procter & Gamble's (PG) commentary that it plans to raise prices on some of its premium paper products and diapers is "supportive" of Kimberly-Clark's ability to pass on higher prices. COTY CUT TWO NOTCHES AT MERRILL: BofA Merrill Lynch analyst Olivia Tong double downgraded Coty to Underperform from Buy and cut its price target to $10 from $16. Tong said Coty is now more exposed to the mass beauty market following its merger with 41 brands from PG Beauty and is seeing disruption from smaller, niche brands and newer distribution channels. ACTIVISION PULLBACK SEEN AS OPPORTUNITY: Jefferies analyst Timothy O'Shea said he views China having frozen mobile game approvals as a temporary problem and "mostly a non-issue" as only the monetization approval process has been frozen, not the content approval process, and he notes administrators are already implementing a fast-track approval process to alleviate the problem. Activision Blizzard (ATVI) has a pipeline of new mobile games coming that he would still expect to launch in China over time and O'Shea sees the 15% pullback in the game maker's shares in the last month as a buying opportunity, he tells investors. He maintains a Buy rating and $90 price target on Activision shares.
UA Under Armour
$18.86

-0.44 (-2.28%)

08/16/18
ARGS
08/16/18
UPGRADE
Target $150
ARGS
Buy
Lululemon upgraded to Buy at Argus on international growth opportunity
As reported earlier, Argus analyst John Staszak upgraded Lululemon (LULU) to Buy from Hold with a price target of $150 while also raising his FY19 EPS outlook to $3.40 from $3.21. The analyst cites the company's Q1 earnings beat and expectations of improved comps in Q2, along with its "substantial" growth opportunities to expand its brand overseas and particularly in China. Staszak contends that Lululemon's growth prospects are "among the best in the apparel sector", with transition to higher margin e-commerce sales expanding its operating margins in the coming several years. The analyst further notes that his implied price target valuation multiple of 44-times forward earnings is within the multiple range of companies like Nike (NKE), Under Armour (UA), and VF Corp (VFC) and justified by its rapid e-commerce adoption and strong overall growth.
07/24/18
DBAB
07/24/18
NO CHANGE
Target $16
DBAB
Hold
Deutsche has negative bias on Under Armour with shares up 44%
Deutsche Bank analyst Paul Trussell says he has a negative bias on Under Armour with the stock up 44% year-to-date. He maintains a Hold rating on the shares with a $16 price target. The most pressing concerns into the Q2 results are inventory levels and the company's ability to maintain gross profit margin guidance for the full year, Trussell tells investors in a pre-earnings research note. The analyst views Under Armour's valuation as expensive at current share levels.
DKS Dick's Sporting
$33.77

-2.62 (-7.20%)

08/20/18
SUSQ
08/20/18
NO CHANGE
SUSQ
Positive
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.
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
KSS Kohl's
$76.97

-1.9 (-2.41%)

08/22/18
RBCM
08/22/18
NO CHANGE
Target $82
RBCM
Sector Perform
Kohl's price target raised to $82 from $69 at RBC Capital
RBC Capital analyst Brian Tunick raised his price target on Kohl's to $82 after its "robust" Q2 results and "strong" comps thanks to the company's product and marketing initiatives along with a gross margin recovery coming from its "tight inventory management". The analyst states that he is more confident in Kohl's ongoing sales improvements and favorable macro environment combining to achieve an upside to the company's guidance. Tunick also keeps a Sector Perform rating on the shares, noting that the growing "secular pressures make a more meaningful comp recovery unlikely".
08/22/18
MKMP
08/22/18
NO CHANGE
Target $81
MKMP
Neutral
Kohl's price target raised to $81 from $63 at MKM Partners
MKM Partners analyst Patrick McKeever raised his price target on Kohl's to $81 after a "very good" Q2, saying its comps were modestly better than expected and gross margins were strong as the company maintained a "lean inventory" in the quarter. While acknowledging that he missed the stock's 45% year-to-date run, McKeever adds that he remains concerned about Kohl's store traffic which he estimates to be negative. The analyst also anticipates comps to slow in the second half of the year against more difficult compares, keeping his Neutral rating on Kohl's.
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.
08/23/18
MSCO
08/23/18
NO CHANGE
Target $51
MSCO
Underweight
Kohl's price target raised to $51 from $45 at Morgan Stanley
Morgan Stanley analyst Kimberly Greenberger maintained an Underweight rating on Kohl's but raised her price target to $51 from $45 following the company's Q2 earnings report, telling investors in a research note that Kohl's delivered an "excellent" 12 EPS beat, and its "clean" inventory bodes well for gross margin going forward. However, Greenberger wonders whether management set the comp bar too high for the second half of the year and is concerned about the lack of traffic growth driving the comp.

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EQM

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FPAY

FlexShopper

$1.16

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IGC

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DAL

Delta Air Lines

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SPDR S&P 500 ETF Trust

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ARCE

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$0.00

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KMX

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$75.87

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$75.95

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SF

Stifel Financial

$53.96

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I

Intelsat

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SKY

Skyline

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ZUMZ

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ROST

Ross Stores

$97.54

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$110.33

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MediciNova

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PVH

PVH Corp.

$140.00

-0.56 (-0.40%)

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GOOS

Canada Goose

$58.00

-0.04 (-0.07%)

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PM

Philip Morris

$79.91

-0.55 (-0.68%)

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