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SOURCE Analysts' Corner
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NEW YORK, December 16, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Lululemon Athletica Inc. (NASDAQ: LULU), Nike, Inc. (NYSE: NKE), PVH Corp. (NYSE: PVH), Vera Bradley, Inc. (NASDAQ: VRA), and Fifth & Pacific Companies, Inc. (NYSE: FNP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
lululemon athletica inc. Research Report
On December 9, 2013, lululemon athletica inc. (lululemon) announced that its Board of Directors has appointed Laurent Potdevin as CEO and a member of the Board of Directors. According to lululemon, Potdevin is expected to assume his position as CEO in January 2014 and will become a director when he assumes his duties as CEO. Further, the Company informed that Mr. Potdevin will succeed Christine Day, who has served as the Company's CEO since 2008 and who announced her intention to resign in June 2013. In addition, Chip Wilson, lululemon's Founder and the Chairman of its Board of Directors has also announced his intention to resign from his position as Non-Executive Chairman, effective prior to the annual meeting in June 2014. The Board has selected Michael Casey, Lead Director of the Board of Directors, to be the Chairman of the Board upon Wilson's resignation. The Full Research Report on lululemon athletica inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Nike, Inc. Research Report
On December 5, 2013, Nike, Inc. (Nike) announced that it intends to release its Q2 FY 2014 results after the market close on Thursday, December 19, 2013 at approximately 1:15 p.m. PT. Nike reported that the quarterly conference call will be held shortly after the release at 2:00 p.m. PT. The Company also stated that the live webcast and an archived version of the same (available until December 26, 2013) will be accessible through its Investor Relations website. The Full Research Report on Nike, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
PVH Corp. Research Report
On December 9, 2013, PVH Corp. (PVH) released its Q3 FY 2013 financial results (period ended November 3, 2013). PVH registered total revenues of $2.3 billion in Q3 FY 2013, representing a growth of 37.5% YoY. Net income attributable to PVH came in at $196.7 million, up 17.3% YoY, while diluted EPS came in at $2.37, up 4.4% YoY in Q3 FY 2013. Commenting on the results, Emanuel Chirico, Chairman and CEO, stated, "Despite the difficult market environment, our third quarter results exceeded our expectations, driven by the strength of our Calvin Klein and Tommy Hilfiger businesses. In the third quarter, we continued to be pleased with the performance of our newly acquired Calvin Klein businesses in Asia and Brazil, as well as our global underwear business. However, our Calvin Klein jeans business, particularly in North America and Europe, continues to underperform and be an area of management focus, investment and repositioning." The Full Research Report on PVH Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Vera Bradley, Inc. Research Report
On December 11, 2013, Vera Bradley, Inc. (Vera Bradley) released its Q3 FY 2014 results (period ended November 2, 2013). Vera Bradley registered net revenues of $130.1 million, down 6.0% YoY during the quarter. Net income for the quarter came in at $15.2 million, or $0.37 per diluted share, down from $17.7 million, or $0.44 per diluted share, in Q3 FY 2013. Robert Wallstrom, Vera Bradley CEO, said, "Upon joining the Company I have come to more fully appreciate Vera Bradley's rich history as an authentic American brand with a highly loyal customer following. I see tremendous opportunity to broaden our customer base, enter new markets, and expand the product offering. Over the next several months I will be evaluating several areas of the business, focusing on the product assortment and the indirect and direct distribution channels, including e-commerce, in order to develop a strategic plan that will drive improved financial performance and increase long-term shareholder value." The Full Research Report on Vera Bradley, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Fifth & Pacific Companies, Inc. Research Report
On December 10, 2013, Fifth & Pacific Companies, Inc. (Fifth & Pacific) announced that it has entered into a definitive agreement to sell Lucky Brand Jeans to an affiliate of Leonard Green & Partners, L.P. (LGP) for total consideration of $225 million, with $140 million of the sale price to be paid in cash at closing and the remaining $85 million to be financed in the form of a three year seller note. The Company reported that at closing, it will enter into a Transition Services Agreement (TSA) with Lucky Brand Jeans, expected to span up to 24 months, in order to support the transferred business while the new owner creates a standalone infrastructure. The Full Research Report on Fifth & Pacific Companies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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