Sterne Agee downgrades several footwear and apparel companies this morning, citing a number of...

|By:, SA News Editor

Sterne Agee downgrades several footwear and apparel companies this morning, citing a number of issues including poor margin improvement and increasing inventory concerns. the firm cuts: Hibbett (HIBB -2.8%), Kenneth Cole (KCP -1.6%), Shoe Carnival (SCVL -2.3%) and Wolverine World Wide (WWW -2.7%) to neutral, and Columbia Sportswear (COLM -3.9%), Dick's Sporting Goods (DKS -1.5%) and K-Swiss (KSWS -6.4%) to underperform.