Athletic footwear stocks may come under pressure as Janney cited adverse SportScan data, according to Bloomberg.
According to the report, athletic footwear sales fell in week ended November 1 by 6.5 percent year-over-year. This compares to a 20.6 percent increase in the previous year.
The SportScan data indicated that sales declined in basketball footwear at -9.5 percent versus +50.4 percent last year.
Declines in athletic apparel came in at -4.1 percent versus +26.4 percent in the previous year.
Nike Inc NKE saw total footwear come in at -2.5 percent for the period versus Under Armour Inc UA footwear at +35 percent. The sales decline also hit Adidas AG ADR ADDYY at -41 percent, according to the report.
As of Wednesday morning, only Under Armour stock was under pressure, trading at $64.04, down 1.1 percent.
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