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Susquehanna Neutral-To-Bullish On Footwear Stocks

Susquehanna Neutral-To-Bullish On Footwear Stocks - Crocs, Inc. NASDAQ:CROX, Deckers Outdoor Corporation NASDAQ:DECK

Susquehanna reviewed the performance of at least eight companies from the Footwear sector. Some have already reported earnings for the second quarter.

The brokerage rated three stocks with a Neutral rating and kept a positive rating in the remaining five shares.

Let's take a look:

  • Started Deckers Outdoor Corporation DECK 1.07% shares with a Neutral rating and $59 price target. The brokerage expects the move to open up UGG distribution and launching of Koolaburra by UGG in selected retailers to impact UGG brand in the long-term.
  • Initiated Sketchers USA Inc SKX 2.18% stock with a Neutral rating and a price tag of $27. The brokerage cited increased inventory and investments to keep them in the sidelines.
  • Started Foot Locker, Inc. FL 1.31% with a Positive rating and kept a price objective of $73 on the positive side and $51 on the pessimistic side. The brokerage sees never-ending strength in athletic and casual athletic footwear.
  • Initiated coverage on Hibbett Sports, Inc. HIBB 5% with a positive rating and price tag of $45. Its entry to digital age, though late, would result in revenue growth.
  • Initiated coverage on Under Armour, Inc. UA 0.37% with a positive rating and $50 as the price tag. It was one of the top picks of the brokerage. Analysts think that the company's ‘brand first' focus would fuel revenue upside of 25 percent.
DateFirmActionFromTo
Aug 2016SusquehannaInitiates Coverage onNeutral
May 2016Sterne Agee CRTUpgradesNeutralBuy
Apr 2016Stifel NicolausDowngradesBuyHold

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