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SHOO

Steven Madden

$31.77

-1.38 (-4.16%)

, GIII

G-III Apparel

$34.02

-3.52 (-9.38%)

06:06
05/14/19
05/14
06:06
05/14/19
06:06

Steven Madden downgraded to Neutral from Overweight at Piper Jaffray

Piper Jaffray analyst Erinn Murphy downgraded Steven Madden (SHOO) to Neutral from Overweight and lowered her price target for the shares to $32 from $38. The company produces a large amount of its goods in China, Murphy tells investors in a research note. The analyst reduced her estimates based on the existing tariffs in place, which she sees impacting Steven Madden's second half earnings. The company's exposure to China and the recently proposed tariffs to the apparel/footwear categories will weigh on its multiple, says Murphy. The analyst also downgraded G-III Apparel (GIII) this morning for a similar rationale.

SHOO

Steven Madden

$31.77

-1.38 (-4.16%)

GIII

G-III Apparel

$34.02

-3.52 (-9.38%)

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    Jul

SHOO Steven Madden
$31.77

-1.38 (-4.16%)

01/31/19
TLSY
01/31/19
DOWNGRADE
Target $37
TLSY
Market Perform
Telsey Advisory downgrades Steven Madden to Market Perform with $37 target
Telsey Advisory analyst Dana Telsey downgraded Steven Madden (SHOO) to Market Perform from Outperform and lowered her price target for the shares to $37 from $40. The analyst this morning also upgraded Ralph Lauren (RL) to Outperform from Market Perform. While Steven Madden has a lot to like, external factors, such as tariffs and a wholesale channel that has a "more muted tone" entering 2019 as compared to 2018, may weigh on the stock price, Telsey tells investors in a research note. The analyst's top pick in footwear remains Deckers Brands (DECK).
01/31/19
01/31/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AMC Networks (AMCX) downgraded to Underperform from In-Line at Imperial Capital with analyst David Miller saying he reduced his fiscal 2019 estimates for the company to reflect his expectation of lower scatter effects for The Walking Dead, as well as higher overall production costs. 2. General Dynamics (GD) downgraded to Hold from Buy at Argus with analyst John Eade saying the company's latest results topped consensus, but the growth outlook for 2019 in low single digits was disappointing. 3. Allergan (AGN) downgraded to Neutral from Outperform at Credit Suisse with analyst Vamil Divan citing "underwhelming" 2019 guidance and given additional questions he has on the strength of its business. 4. Steven Madden (SHOO) downgraded to Market Perform from Outperform at Telsey Advisory with analyst Dana Telsey saying while Steven Madden has a lot to like, external factors, such as tariffs and a wholesale channel that has a "more muted tone" entering 2019 as compared to 2018, may weigh on the stock price. 5. PayPal (PYPL) downgraded to Hold from Buy at DZ Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/14/19
ADAM
02/14/19
NO CHANGE
Target $39
ADAM
Buy
Steven Madden weakness would be buying opportunity, says Canaccord
Canaccord analyst Camilo Lyon removed Payless from his Steven Madden estimates in order take a more conservative view on earnings due to the former's potential bankruptcy filing. The analyst believes any impact to the stock should be short-lived, as the company has done well navigating these types of issues in the past and the impact to the stock has rarely lasted longer than a quarter. Lyon reiterated his Buy rating and lowered his price target to $39 from $41 on Steven Madden shares.
02/19/19
LOOP
02/19/19
NO CHANGE
Target $38
LOOP
Buy
Steven Madden price target raised to $38 from $36 at Loop Capital
Loop Capital analyst Laura Champine raised her price target on Steven Madden to $38 and kept her Buy rating, citing the benefits of its "rapid supply chain in on-trend fashion" at its stores and higher growth expectations of its wholesale sales. The analyst expects the company to gain market share with the largest footwear outlets and believes its competitive position with healthy retailers is improving in spite of the latest store closure announcement by Payless, adding that investor concerns about tariff headwinds for the company are also "overblown".
GIII G-III Apparel
$34.02

-3.52 (-9.38%)

03/01/19
BOFA
03/01/19
INITIATION
Target $45
BOFA
Buy
G-III Apparel initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Heather Balsky initiated G-III Apparel with a Buy and $45 price target saying she expects earnings revisions to drive stock price appreciation.
03/01/19
03/01/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. G-III Apparel (GIII) initiated with a Buy at BofA/Merrill. 2. Marker Therapeutics (MRKR) initiated with a Buy at Janney Montgomery Scott. 3. Chevron (CVX) initiated with a Buy at Tudor Pickering. 4. Mercantil Bank (AMTB) initiated with a Market Perform at Fig Partners. 5. Hanover Insurance (THG) initiated with a Buy at Compass Point. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/22/19
NEED
03/22/19
NO CHANGE
Target $55
NEED
Buy
G-III Apparel price target raised to $55 from $50 at Needham
Needham analyst Rick Patel raised his price target on G-III Apparel to $55 and kept his Buy rating after its "strong" Q4 sales, stating that the company's 2019 targets now appear to be achievable. The analyst is positive on the management's efforts to reduce expenses in retail, adding that the company's guidance also does not account for new licenses for wholesale or distribution channels that have not yet finalized. Patel further states that his model assumes a "conservative" view of "flattish retail comps" in light of challenging industry trends.
05/14/19
PIPR
05/14/19
DOWNGRADE
Target $35
PIPR
Neutral
G-III Apparel downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Erinn Murphy downgraded G-III Apparel to Neutral from Overweight and lowered her price target for the shares to $35 from $43. The company produces a large amount of its goods in China, Murphy tells investors in a research note. The analyst reduced her estimates based on existing tariffs in place, which she sees impacting G-III Apparel's second half earnings. The company's exposure to China and the recently proposed tariffs to the apparel/footwear categories will weigh on its multiple, says Murphy.

TODAY'S FREE FLY STORIES

TEVA

Teva

$10.86

-0.18 (-1.63%)

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ESLT

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ADM

Archer Daniels

$39.17

-0.03 (-0.08%)

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  • 13

    Nov

JCP

J.C. Penney

$0.93

0.022 (2.42%)

, DDS

Dillard's

$56.57

0.25 (0.44%)

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$0.93

0.022 (2.42%)

DDS

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$56.57

0.25 (0.44%)

KSS

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$51.11

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JWN

Nordstrom

$33.50

-0.31 (-0.92%)

M

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$21.00

-0.27 (-1.27%)

TGT

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$81.57

2.17 (2.73%)

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JPM

JPMorgan

$109.78

1.14 (1.05%)

, AKZOY

AkzoNobel

$0.00

(0.00%)

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$0.00

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$74.12

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MSFT

Microsoft

$126.23

0.04 (0.03%)

CMWAY

Commonwealth Bank of Australia

$0.00

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SIEGY

Siemens

$0.00

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AT&T

$32.29

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RDS.A

Royal Dutch Shell

$63.29

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RHHBY

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$0.00

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NVS

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$87.49

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BHP

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GM

General Motors

$35.13

0.01 (0.03%)

, TSLA

Tesla

$190.80

-4.7 (-2.40%)

13:19
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GM

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$35.13

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TSLA

Tesla

$190.80

-4.7 (-2.40%)

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RNLSY

Renault

$0.00

(0.00%)

13:14
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FMC

FMC Corporation

$70.88

-0.47 (-0.66%)

, DWDP

DowDuPont

$31.10

0.16 (0.52%)

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FMC

FMC Corporation

$70.88

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DWDP

DowDuPont

$31.10

0.16 (0.52%)

03/08/13
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MGM

MGM Resorts

$25.55

0.19 (0.75%)

13:03
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PYPL

PayPal

$109.82

-0.09 (-0.08%)

, AXP

American Express

$119.52

1.07 (0.90%)

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PYPL

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$109.82

-0.09 (-0.08%)

AXP

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$119.52

1.07 (0.90%)

MA

MasterCard

$251.40

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V

Visa

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GOOG

Alphabet

$1,132.99

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UA

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GM

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TM

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VWAGY

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UBER

Uber

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APTO

Aptose Biosciences

$2.01

0.03 (1.52%)

17:46
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Aptose Biosciences files for $40M at-the-market common stock offering »

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  • 04

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TRNX

Taronis Technologies

$0.48

0.004 (0.84%)

17:26
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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:25
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AAPL

Apple

$179.03

-0.64 (-0.36%)

17:22
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  • 03

    Jun

SPCB

SuperCom

$1.17

-0.005 (-0.43%)

17:21
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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:20
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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

17:18
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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

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NVS

Novartis

$87.49

3.03 (3.59%)

, QGEN

Qiagen

$38.22

-0.255 (-0.66%)

16:57
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NVS

Novartis

$87.49

3.03 (3.59%)

QGEN

Qiagen

$38.22

-0.255 (-0.66%)

03/08/13
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AVH

Avianca

$3.96

0.91 (29.84%)

16:56
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ANAC suspends flights, operations of Avianca Brasil, Reuters reports »

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AAPL

Apple

$179.03

-0.64 (-0.36%)

16:53
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05/24
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16:53
Periodicals
Apple acquires startup Tueo Health, CNBC reports »

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  • 03

    Jun

SHSP

SharpSpring

$16.37

-0.24 (-1.44%)

16:52
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16:52
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Breaking Syndicate news story on SharpSpring »

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03/08/13
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  • 13

    Jun

CREG

China Recycling Energy

$0.48

0.005 (1.05%)

16:41
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Breaking Syndicate news story on China Recycling Energy »

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