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Barclays Starts Coverage Of US Specialty Retail

Brett Hershman

Barclays is out Neutral on U.S. specialty retail, apparel and e-commerce stocks on the basis of an an improving tariff backdrop that's offset by sector-wide inventory build, negative mall traffic and general oversupply.

Analyst Adrienne Yih said she has a positive view of off-price retail and wholesale brands with pricing power that are moving to direct-to-consumer, and a negative view of mall-based retailers that sell commoditized products.

Overall, the analyst initiated coverage of 26 companies and named Nike Inc (NYSE: NKE) as the top pick — a company moving heavily into direct-to-consumer sales.

Ratings And Price Targets: 

  • Nike: Overweight, $111 price target. 
  • American Eagle Outfitters (NYSE: AEO): Equal-weight, $17 price target.
  • Burlington Stores Inc (NYSE: BURL) Overweight, $239 price target.
  • Capri Holdings Ltd (NYSE: CPRI) Equal-weight, $37 price target.
  • Dick’s Sporting Goods Inc (NYSE: DKS) Equal-weight, $45 price target.
  • Foot Locker, Inc. (NYSE: FL) Equal-weight, $48 price target.
  • G-III Apparel Group, Ltd. (NASDAQ: GIII) Equal-weight, $27 price target.
  • Hanesbrands Inc. (NYSE: HBI) Equal-weight, $16 price target.
  • Kontoor Brands Inc (NYSE: KTB) Equal-weight, $35 price target.

Related Links:

What The Street Thinks Of Under Armour's Q3 Beat As Accounting Investigation Continues

What Mark Parker's Departure And John Donahoe's Arrival Means For Nike, ServiceNow

Latest Ratings for NKE

Date Firm Action From To
Nov 2019 Initiates Coverage On Overweight
Nov 2019 Initiates Coverage On Outperform
Oct 2019 Maintains Outperform

View More Analyst Ratings for NKE
View the Latest Analyst Ratings

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