Wed, Nov. 23, 12:46 PM
Wed, Nov. 23, 12:00 PM
Tue, Nov. 22, 4:17 PM
Mon, Nov. 21, 5:35 PM
Mon, Nov. 14, 10:15 AM
- Clothing and footwear stocks are jetting higher as more analysts bump up expectations on consumer spending in Q4 and broadly forecast tax relief for the consumer goods sector (effective tax rates paid).
- Many of the names with the sharpest moves higher today are recovering from a pre-election slump.
- Gainers include Sequential Brands Group (SQBG +11.7%), Iconix Brand Group (ICON +5.1%), Carter's (CRI +4.6%), Vera Bradley (VRA +4.6%), Wolverine World Wide (WWW +4%), Crocs (CROX +4.3%), Caleres (CAL +4.6%), Ralph Lauren (RL +3.4%), Fossil (FOSL +5%), Perry Ellis (PERY +3%), Deckers Outdoor (DECK +3.5%), Skechers (SKX +3.2%) and Coach (COH +3.1%).
- Kate Spade (KATE +5.9%) is also rallying, but has news of an activist investor on the prowl also factoring in.
- Previously: Kate Spade hears from activist firm (Nov. 14)
- Previously: Investors see upside with apparel store stocks (Nov. 14)
Wed, Aug. 31, 12:01 PM
Tue, Aug. 30, 5:37 PM
Tue, Aug. 30, 4:12 PM
Mon, Aug. 29, 5:35 PM
Wed, Aug. 24, 5:04 PM
Fri, Aug. 19, 11:14 AM
- Foot Locker (FL +10%) rips higher after posting strong sales growth. The company cited strength in basketball, running, and classic footwear during the quarter.
- Under Armour (NYSE:UA) is up 1.6% and Nike (NYSE:NKE) is 2.7% higher off the strong read on athletic shoe sales.
- Other notable gainers include Skechers (SKX +1%), Wolverine World Wide (WWW +3.4%), Rocky Brands (RCKY +1.5%), Steven Madden (SHOO +1.4%), Caleres (CAL +1%), and Crocs (CROX +1%) -- all ahead of broad market averages.
- An underlying theme continuing to emerge in the shoe sector is that discretionary spending by millennials on the category is stronger than what is being seen in other areas of retail. Also of note, the millennial group has shown loyalty to power brands.
- Previously: Foot Locker beats by $0.04, beats on revenue (Aug. 19)
- Previously: Foot Locker higher on earnings beat and positive comp (Aug. 19)
Fri, May 27, 12:45 PM
Fri, May 27, 12:00 PM
Fri, May 27, 6:55 AM
- BB&T Capital upgrades Caleres (NYSE:CAL) to a Buy rating from Hold after digesting the firm's Q1 report.
- "Overall, we are incrementally more positive on the shares given the reiteration of FY guidance, continued athletic expansion, meaningful share repurchase, clean inventory position, progress achieved on supply chain initiatives and the conservatism that we believe is baked into the H2 outlook," reads the note from analyst Corinna Freedman.
- Freedman and team set a price target of $26 on Caleres. Shares closed yesterday at $21.71 vs. a 52-week trading range of $21.27 to $33.83.
Thu, May 26, 4:17 PM
- Caleres (NYSE:CAL): Q1 EPS of $0.41 misses by $0.02.
- Revenue of $584.7M (-2.9% Y/Y) misses by $25.88M.
Wed, May 25, 5:35 PM