Macy's Report Negative for (FOSL), (KORS); Positive for (GIII) (SHOO) (FINL) (NKE) (UA) - Piper Jaffray
Get Alerts KORS Hot Sheet
Rating Summary:
15 Buy, 25 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Piper Jaffray analyst Erinn Murphy believes Macy's (NYSE: M) earnings report is negative for Fossil Group (NASDAQ: FOSL) and Michael Kors (NYSE: KORS) but positive for G-III Apparel Group (NASDAQ: GIII) (dress commentary), Steven Madden (NASDAQ: SHOO) (footwear commentary) and Finish Line (NASDAQ: FINL), Nike (NYSE: NKE), Under Armour (NYSE: UA (active/athletic commentary).
Murphy commented, "Active, dresses, shoes, fragrances and beauty were called out as strong categories, while fashion jewelery and watches were cited as weaker. Importantly, handbags were not called out as a "strong performing category" for the first time in at least nine quarters."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Growth isn't weak enough to truly undercut inflation pressures - BMO
- Super Micro Computer (SMCI) Falls 6%
- Wells Fargo on Super Micro Computer (SMCI): 'No Positive Preannouncement
Create E-mail Alert Related Categories
Analyst Comments, Trader TalkRelated Entities
Piper Jaffray, Earnings, Erinn MurphySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!