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Susquehanna Taking A More Conservative Approach To Retail For Q1

Susquehanna analyst Christopher Svezia adjusted price targets and estimates on several companies in the Footwear, Athletic & Apparel group Monday morning.

"While athletic footwear/apparel still remains a standout at retail, we are lowering estimates for most retailers given weak traffic, volatile weather and shifting buying patterns," the Susquehanna analyst wrote in a research note.

He believes outperformers among the group will need to include "a top-tier athletic assortment, a solid ecommerce platform," and a good start during the first quarter.

Svezia warned "we are starting to have some concerns around DSW Inc. DSW while key sporting goods bankruptcies/promotions are something to watch for the smaller regional players, particularly with no ecommerce Hibbett Sports, Inc. HIBB."

  • DSW - price target lowered from $27 to $24, Neutral rating maintained
  • Hibbett - price target lowered from $39 to $37, Neutral rating maintained
May 2016SusquehannaMaintainsNeutral
Mar 2016Canaccord GenuityMaintainsHold
Mar 2016CitigroupMaintainsNeutral

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