Financial Results, Stock Movement, Management Changes, and New Partnership - Analyst Notes on Nike, Coach, Iconix Brand, Steven Madden, and Vera Bradley
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NEW YORK, March 28, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Nike Inc. (NYSE: NKE), Coach, Inc. (NYSE: COH), Iconix Brand Group, Inc. (NASDAQ: ICON), Steven Madden, Ltd. (NASDAQ: SHOO), and Vera Bradley, Inc. (NASDAQ: VRA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Nike Inc. Analyst Notes
On March 20, 2014, Nike Inc. (Nike) reported its Q3 FY 2014 financial results (period ended February 28, 2014). Quarterly revenues increased $7.0 billion, up 12.7% YoY. However, quarterly net income decreased $685 billion, or diluted EPS of $0.76, compared with $866 billion, or diluted EPS of $0.73, in Q3 FY 2013. Mark Parker, President and CEO, Nike, said, "Our strong Q3 results demonstrate our relentless focus on delivering innovations that resonate with consumers. Despite macroeconomic challenges, NIKE delivers consistent results because we focus on the biggest opportunities for growth while we manage risk across our diverse global portfolio. This is how we continue to drive long-term value for our shareholders." The full analyst notes on Nike Inc. will be available to download free of charge at:
http://www.AnalystsReview.com/03282014/NKE/report.pdf
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Coach, Inc. Analyst Notes
On March 25, 2014, Coach, Inc.'s (Coach) stock decreased 0.58%, ending the day $49.50. Over the previous three trading sessions, shares of the Company also decreased 0.98%, largely in line with the S&P 500 which decreased 0.34% during the same trading period. The full analyst notes on Coach, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03282014/COH/report.pdf
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Iconix Brand Group, Inc. Analyst Notes
On March 19, 2014, Iconix Brand Group, Inc. (Iconix Brand Group) announced the following key management changes: i) Seth Horowitz has been promoted to COO; ii) Jeff Lupinacci has been appointed as CFO; iii) Warren Clamen has resigned in pursuit of other opportunities; and iv) Rodney Hutton has joined the Company as Executive Vice President of the Men's Division. Neil Cole, CEO, Iconix Brand Group, said, "I am pleased to announce this new role for Seth, as well as the addition of Jeff and Rodney to the Iconix team. As we continue to grow our worldwide footprint through our powerful portfolio of brands and new acquisitions, it's critical that we have strong talent in place to ensure the ongoing success of our Company. We would also like to thank Warren for his contributions over the past nine years. During his tenure at Iconix, the Company has grown tremendously and Warren has played an important role in that success." The full analyst notes on Iconix Brand Group, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03282014/ICON/report.pdf
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Steven Madden, Ltd. Analyst Notes
On March 24, 2014, Steven Madden, Ltd. (Steven Madden), together with Brian Atwood, announced the acquisition of Brian Atwood IP and related assets in a transaction involving Bluestar Alliance LLC, which facilitated the sale, and The Jones Group, Inc., which previously owned the assets. According to the Company, the partnership leverages the global brand building expertise, strategic vision, and relationships regarding the collaboration with Atwood. Commenting on the partnership, Brian Atwood, Chief Creative Officer, said, "I've always had a clear vision for the Brian Atwood brand and the women who wear it. I look forward to the next phase of my business with support and expertise of Steve to drive strategic growth and category expansion to continue to create experiences that women love." The full analyst notes on Steven Madden, Ltd. are available to download free of charge at:
http://www.AnalystsReview.com/03282014/SHOO/report.pdf
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Vera Bradley, Inc. Analyst Notes
On March 19, 2014, Vera Bradley, Inc. (Vera Bradley) reported its Q4 FY 2014 and FY 2014 financial results (period ended February 1, 2014). Quarterly net revenues decreased to $157.5 million, down 3.1% YoY, while quarterly net income decreased to $19.4 million, or to diluted EPS of $0.48, compared with $25.1 million, or diluted EPS of $0.62, in Q4 FY 2013. For full-year FY 2014, revenues stood at $536.0 million, down by 0.9% YoY, while net income came in at $58.8 million, or diluted EPS of $1.45, compared with net income of $68.9 million, or diluted EPS of $1.70, in full-year FY 2013. Robert Wallstrom, CEO, commented on the results, "We continue to face external headwinds and certain challenges within the business, and fiscal 2015 will be a year of transition for Vera Bradley. We have spent the last few months developing our comprehensive five-year strategic plan designed to drive improved financial performance and shareholder value over the long-term. Our vision is to build on our rich heritage and establish Vera Bradley as a premium lifestyle brand that is relevant to the future, expanding our customer reach and growing our customer connections. The strategic plan is our roadmap to achieve that vision and encompasses three key elements - product, distribution channels, and marketing." The full analyst notes on Vera Bradley, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03282014/VRA/report.pdf
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