Susquehanna Downgrades Under Armour Over Discount-Channel Concerns
Believing it’s making the same mistake as Reebok in selling to lower-tier channels, Susquehanna Financial Group lowered its stock rating on Under Armour to “Negative,” which is essentially a sell, from “Neutral.”
Lululemon Still Bullish On North American Expansion
While hiking its guidance for the fourth quarter, Lululemon officials at the ICR Conference Monday laid out some core catalysts expected to drive its North America segment in the years ahead.
Canaccord Genuity Upgrades Hibbett Sports
Canaccord Genuity hiked its rating on Hibbett Sports to “Buy” from “Hold,” lifted its price target to $30 from $17, and increased its fiscal 2019 EPS target to $2.00 from $1.59 previously.
Billabong And Quiksilver To Create Action Sports Giant
Two companies that have struggled in recent years –Billabong and Boardriders (formerly Quiksilver) – have agreed to merge in hopes of faring better together tackling the brutal action sports marketplace.
Aisle Talk, Week Of January 1
Top headlines from the active lifestyle industry you may have missed this week.
Wells Fargo Sees Dick’s As Long-Term “Survivor”
Wells Fargo upgraded its rating on Dick’s Sporting Goods to “Outperform” in part because it believes the company will ultimately benefit from the industry’s consolidation, much like Best Buy has done in the consumer electronics channel.
Jefferies Downgrades Deckers, Upgrades Genesco, Bullish On Under Armour/Foot Locker
Jefferies lowered its rating on Deckers Outdoor to “Hold” in part due to the stock’s recent run-up in price, upgraded Genesco to “Buy,” and listed Under Armour and Foot Locker among its long-term buys.
M&A Fever Continues In 2017
Cabela’s, Gander Mountain, Eastern Mountain Sports, Majestic Athletic, Icebreaker, Villa, JackRabbit, Ogio and SIA’s Snow Show were among the businesses sold in yet another busy year of M&A action in 2017.
Most-Read SGB Exec Stories In 2017
Bankruptcies again dominated the top 30-clicked stories for SGB Exec in 2017, but big changes at Dick’s Sporting Goods, Nike, Fleet Feet Sports, Brooks Running and others also caught some attention.
Many Active Stocks Miss Market Rally In 2017
While the broader stock markets soared to record highs in 2017, many major stocks in the active lifestyle industry weren’t invited to the party.
Aisle Talk, Week Of December 25
Top headlines from the active lifestyle industry you may have missed this week.
DA Davidson Raises Price Targets On Sportsman’s Warehouse And Callaway Golf
DA Davidson raised its price target for Sportsman’s Warehouse due to the tax change and improving underlying trends as well as Callaway Golf due to its TopGolf investment.
B Riley Raises Price Target On Finish Line
“We believe management sounded more positive on the outlook for more innovation and product newness for the end of 2017/beginning of 2018, though new product will likely still have a smaller impact due to penetration until F2H19,” wrote analyst Susan Anderson in a note.
Compass Points Downgrades Callaway Golf To Sell
Compass Point lowered its rating on Callaway Golf from “Neutral” to “Sell” due to a lower valuation put on TopGolf, an investment for Callaway’s, than expected.
Wall Street Reacts: Nike Q2
While some were dismayed that the North American marketplace recovery wasn’t more apparent, Wall Street was generally pleased with Nike’s better-than-expected second-quarter results.
