Sterne Agee Downgrades Several Footwear Companies

Analysts at investment bank Sterne Agee downgraded a number of footwear companies today.

They downgraded the following companies from Buy to Neutral: Hibbett (NASDAQ:HIBB), Kenneth Cole (NYSE:KCP), Shoe Carnival (NASDAQ:SCVL), and Wolverine Worldwide (NYSE:WWW).

They also downgraded the following companies form Neutral to Underperfom: Columbia Sportswear (NASDAQ:COLM), Dick’s Sporting Goods (NYSE:DKS), and K-Swiss (NASDAQ:KSWS).

Following is some information about these companies’ stock price performance.

  • Hibbett (NASDAQ:HIBB): The shares recently traded at $37.77, down $1.19, or 3.05%, on the day.  The shares have traded in a 52-week range of $25.68 to $43 and its market capitalization is $1.01 billion.  About the company: Hibbett Sports, Inc. operates a chain of sporting goods stores in the southeastern United States.  The stores sell athletic footwear, apparel, and equipment.
  • Shoe Carnival (NASDAQ:SCVL): The shares recently traded at $25.51, down $0.75, or 2.86%, ont he day.  The shares have traded in a 52-week range of $21 to $34.05 and its market capitalization is $338.59 million.  About the company: Shoe Carnival, Inc., a retailer of family footwear, operates primarily in the Midwest, South, and Southeastern regions of the United States.  The Company seeks to create a carnival-like atmosphere in each of its stores with bright lights, colors, and neon signs.
  • Wolverine Worldwide (NYSE:WWW): The shares recently traded at $36.93, down $1.16, or 3.05%, on the day.  The shares have traded in a 52-week range of $28.49 to $43.36 and its market capitalization is $1.82 billion.  About the company: Wolverine World Wide, Inc. manufactures and markets branded footwear and performance leathers.  The Company’s products include shoes, slippers, occupational and safety footwear, and performance outddoor footwear, among others.
  • Columbia Sportswear (NASDAQ:COLM): The shares recently traded at $48.22, down $1.87, or 3.73%, on the day.  The shares have traded in a 52-week range of $41.13 to $70.64 and its market capitalization is $1.64 billion.  About the company:  Columbia Sportswear Company designs, manufactures, markets, and distributes active outdoor apparel.  The Company’s products include outerwear, sportswear, rugged footwear, and related accessories.  Columbia’s products are sold to specialty and department store retailers in the United States and other countries.
  • Dick’s Sporting Goods (NYSE:DKS): The shares recently traded at $36.80, down $0.41, or 1.1%, on the day.  The shares have traded ina 52-week range of $28.18 to $42.97 and its market capitalization is $4.43 billion.  About the company: Dick’s Sporting Goods, Inc. is a sporting goods retailer that operates stores primarily in the eastern and central United States.  The Company’s stores offer a broad selection of brand name sporting goods equipment, apparel, and footwear.
  • K-Swiss (NASDAQ:KSWS): The shares recently traded at $4.54, down $0.26, or 5.42%, on the day.  The shares have traded in a 52-week range of $3.86 to $13.04 and its market capitalization is $161.45 million.  About the company: K-Swiss, Inc. designs, develops, and markets athletic footwear for sports use, fitness activities, and casual wear.  The Company sells its products in the United States through independent sales representatives primarily to specialty athletic footwear stores, pro shops, sporting goods stores, and department stores.  K-Swiss also sells its products through international distributors.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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