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The Latest Breaking News from Simeon Siegel

Behind luxury brands Michael Kors and Jimmy Choo lurks a holding company with millions in losses

Capri CEO John Idol’s fashion powerhouse of Michael Kors, Versace, and Jimmy Choo was supposed to rival LVMH. Seven years in, the company lost $1 billion in 2025, and revenues are in tatters

Analysts Love These 2 Retail Stocks for 2025

Analysts Love These 2 Retail Stocks for 2025

Analysts believe these two retail players are setting up the stage for a promising comeback story this year, fueled by visionary leadership and strategic transformations.

Nike Earnings Preview: Is NKE Stock a Buy for 2025?

Nike Earnings Preview: Is NKE Stock a Buy for 2025?

Nike will release its fiscal Q2 earnings after the bell today. The stock trades at less than half of its 2021 peak, and is underperforming the markets badly this year. 2025, however, could be a better year for the sneaker giant.

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'Just Don't Do It': Analysts Slash Nike Price Targets Citing Inventory, China Concerns

Footwear and apparel company Nike Inc. (NYSE: NKE) beat Street estimates for revenue and earnings per share in the first quarter, but saw shares fall sharply Thursday after market close. Investors and analysts now have some major concerns after the latest report.

Nike's Fourth Quarter 'Not As Bad As Feared': Why 3 Analysts Are Lowering Price Targets

Apparel and footwear company Nike Inc. (NYSE: NKE) reported fourth quarter earnings Monday after market close.

4 Nordstrom Analysts React To Mixed Q1 Earnings: 'We Remain Skeptical'

Nordstrom, Inc. (NYSE: JWN) shares traded higher by 11% on Wednesday after the company reported strong first-quarter sales numbers and raised its full-year guidance.

4 Ross Analysts React To Q1 Earnings Miss, Guidance Cut, Execution Missteps

Shares of Ross Stores, Inc. (NASDAQ: ROST) dropped 23.9% on Friday after the company became the latest retail stock to disappoint the market with its first-quarter numbers.

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Read How Analysts Reacted To This Wood Pellet Grill Maker's Q4 Results

Read How Analysts Reacted To This Wood Pellet Grill Maker's Q4 Results

Morgan Stanley analyst John Glass lowered the price target on Traeger Inc (NYSE:COOK) to $10 from $26 and maintained an Equal Weight rating on the shares. The revised price target implies a 31.23% upside. Glass noted grill demand appears to be softening post-COVID to a greater extent than previously expected. Traeger's shares are…

5 Nike Analysts Praise Q3 Earnings Beat, Booming North American Sales Growth

5 Nike Analysts Praise Q3 Earnings Beat, Booming North American Sales Growth

Nike Inc (NYSE: NKE) shares gained 4.3% on Tuesday after the company reported a fiscal third-quarter earnings beat, driven by strong North American demand in an uncertain international market.

Read How Analysts Reacted To Gap's Q4 Results

Read How Analysts Reacted To Gap's Q4 Results

Morgan Stanley analyst Kimberly Greenberger noted Gap Inc's (NYSE:GPS) adjusted EPS loss per share of $(0.02) in Q4 beat expectations. But she finds it "difficult to avoid the conclusion that losing money in what should be one of the most profitable quarters every year suggests fundamentals and execution were gravely challenged." Greenberger thinks…

Analysts Cut Weber Price Target Post Q1 Results

Analysts Cut Weber Price Target Post Q1 Results

Analysts lowered their price targets on Weber Inc (NYSE:WEBR) following its Q1 results. JPMorgan analyst Megan Alexander downgraded Weber to Neutral from Overweight with a price target of $9.50, down from $13, implying an 8% downside. The analyst sees high sales uncertainty ahead with risk in the second half of 2022 on price elasticity and do-it-yourself…

BMO Capital Upgrades Under Armour To Outperform

BMO Capital Upgrades Under Armour To Outperform

BMO Capital analyst Simeon Siegel upgraded Under Armour Inc (NYSE:UAA) to Outperform from Market Perform with a price target of $25, up from $23, implying a 32.56% upside. Simeon believes the recent selloff discounts Under Armour's pandemic transformation by re-focusing on profits over growth for growth's sake. With recent industry updates and "increasingly challenging compares"…

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