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Target's New Kids' Brand May Boost Margins, But Barclays Cautious On Long-Term Prospects
Thursday, September 15, 2016 - 9:30am | 271Read More...Target Corporation (NYSE: TGT) has taken several initiatives aiming to boost sales. While the recently launched kids’ brand Cat & Jack may result in gross margin expansion, there are concerns around the brand’s ability to “drive significant sales and provide a long term,...
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Nike Just Re-Entered The Wearables Market
Thursday, September 8, 2016 - 9:59am | 314Read More...Nike Inc (NYSE: NKE) has patterned with Apple Inc. (NASDAQ: AAPL) to create a new version of the Apple Watch. The new Apple Watch Nike+ product marks Nike’s reentry into the wearables industry, Barclays’ Matthew McClintock mentioned in a report. He maintained an Overweight rating on...
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Barclays Positive On Lululemon's Q2 Results
Friday, September 2, 2016 - 8:14am | 265Read More...Lululemon Athletica inc. (NASDAQ: LULU) reported healthy Q2 revenue growth and margin expansion. Any near-term weakness in Lululemon’s shares, due to investors expecting better comps, would be “a good buying opportunity,” Barclays’ Matthew McClintock said in a report. He...
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Barclays Praises Fitbit's New Product Launches
Tuesday, August 30, 2016 - 11:07am | 341Read More...Fitbit Inc (NYSE: FIT) announced the launch of two new products - the Charge 2 and the Flex 2. The product launches reflect the company’s “continued focus on innovation,” and should support its strong growth outlook for the future, Barclays’ Matthew McClintock said in a...
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Barclays Positive On Dick's Sporting Goods' Affinity Sports Buy
Monday, August 22, 2016 - 1:51pm | 318Read More...Barclays said the Dicks Sporting Goods Inc (NYSE: DKS)'s acquisition of San Diego-based sports management technology firm Affinity Sports should boost its competitive advantage and differentiating factor for the company in the sporting goods industry. The acquisition will grow Dick's presence in...
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Barclays Cautious On Best Buy Heading Into Earnings
Monday, August 22, 2016 - 11:36am | 385Read More...Barclays is cautious heading in to the second-quarter earnings of Best Buy Co Inc (NYSE: BBY), expected on August 23, as it believes the downside risk to sales may be elevated near term. The brokerage maintains its second-quarter EPS estimate of $0.42, as it believes the company built substantial...
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Williams-Sonoma An Industry Laggard In Delivery Times, Says Barclays
Friday, August 12, 2016 - 2:02pm | 289Read More...Matthew McClintock of Barclays is no fan of Williams-Sonoma, Inc.'s (NYSE: WSM) business model. In a report published Friday, McClintock maintained an Underweight rating on the retailer with a $45 price target because of what he perceives to be a lack of transparency and competitiveness in...
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Tractor Supply Co Still A Best In Breed Retail Following Guidance Cut
Thursday, June 30, 2016 - 8:41am | 238Read More...Shares of Tractor Supply Company (NASDAQ: TSCO) lost more than 3 percent in pre-market trade today, after the company’s disappointing quarterly results and guidance. Barclays’ Matthew McClintock maintained an Overweight rating on the company, with a price target of $100. The analyst...
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Finish Line's First Quarter Reviewed By Barclays
Monday, June 27, 2016 - 9:31am | 334Read More...Finish Line Inc (NASDAQ: FINL) reported its 1Q17 EPS in-line with estimates. Barclays’ Matthew McClintock maintains an Equal Weight rating for the company, with a price target of $18. The EPS estimates for FY17 and FY18 remain unchanged at $1.50 and $1.90, respectively. 1Q Review Finish...
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Still Unclear When Bed Bath & Beyond's Initiatives Will Bear Fruit
Thursday, June 23, 2016 - 9:20am | 241Read More...Bed Bath & Beyond Inc. (NASDAQ: BBBY) has undertaken initiatives focused on competitive pricing, shipping policies, technology enhancements as well as differentiated and exclusive products, there is uncertainty around when these benefits would begin “bearing fruit,” Barclays...
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Best Buy Management Lunch: 3 Takeaways
Thursday, June 23, 2016 - 8:53am | 291Read More...Following a lunch with Best Buy Co Inc (NYSE: BBY) management, Barclays’ Matthew McClintock mentioned that the company has three key areas of priority. McClintock maintains an Overweight rating on Best Buy, with a price target of $45. The management lunch on June 22 was attended by CEO Hubert...
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Barclays Previews Finish Line's Q1 Earnings
Friday, June 17, 2016 - 10:11am | 291Read More...As Finish Line Inc (NASDAQ: FINL) is getting ready for announcing its first quarter financial numbers on June 24, Barclays previewed its earnings. The brokerage has an Equal-Weight rating with a price objective of $18. "We are decreasing our 1Q17 EPS estimates to $0.23 from $0.28 to...
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Barclay's Positive On Bed Bath & Beyond's New Acquisition
Wednesday, June 15, 2016 - 10:05am | 292Read More...Bed Bath & Beyond Inc. (NASDAQ: BBBY) has announced the acquisition of One Kings Lane in an all-cash deal, although the price was undisclosed. Barclays’ Matthew McClintock maintains an Equal Weight rating on Bed Bath & Beyond, with a price target of $50. “The acquisition is...
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Barclays On Restoration Hardware: Brace Yourself For A Challenging Year
Thursday, June 9, 2016 - 5:47pm | 144Read More...Restoration Hardware Holdings Inc (NYSE: RH) reported a loss of $0.05 versus estimates from Wall Street of a gain of $0.05. Traders and investors essentially had a fire sale, pushing the stock down almost $8 during Thursday's session. Barclays analyst Matthew McClintock warned H2 2016 may...
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Wal-Mart's Growth Initiatives 'Not Yet Proven'
Monday, June 6, 2016 - 10:42am | 306Read More...At its Annual Shareholder Meeting, Wal-Mart Stores, Inc. (NYSE: WMT) reaffirmed its long-term goals. Barclays’ Matthew McClintock maintained an Equal Weight rating on the company, with a price target of $70. Pricing Investments McClintock believes management is on track to executing on...
