|Bid||72.14 x 1200|
|Ask||0.00 x 900|
|Day's Range||71.41 - 73.65|
|52 Week Range||60.13 - 86.04|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||57.47|
|Earnings Date||Dec 20, 2018|
|Forward Dividend & Yield||0.88 (1.21%)|
|1y Target Est||87.45|
The Fed may not be able to turn the tide for the stock market in the week ahead, but it could soothe some of the wild volatility that has been crushing stocks since October.
Jim Cramer laments the state of the stock market as he looks ahead to a pivotal week during which the Federal Reserve is expected to raise interest rates.
After the investor meeting on December 12, there have been two price changes for Under Armour. On December 13, Telsey Advisory reduced its target price for Under Armour from $25.00 to $23.00. Jefferies slashed its price target to $28.00 from $30.00. We can expect more revisions in the coming days.
Shares of Nike (NKE) have fallen roughly 12% over the last three months as part of the larger market decline. Yet, the sportswear powerhouse has quickly revamped its business to focus on direct-to-consumer sales and has returned to growth in North America as it continues to expand around the globe.
A new earnings season is also on the horizon, and a fresh batch of companies have the opportunity to ease Wall Street's nerves if they can post strong results. Here's a look at a few of the earnings announcements due during the week of December 17.
NIKE's (NKE) earnings and sales are likely to benefit from robust innovation efforts as well as strength in international business and the global NIKE Direct business.
Nike (NKE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Martin Glenn to leave as England Football Association (The FA) CEO in May 2019. The FA has achieved a 40 per cent increase in revenue during Glenn’s time in charge. English soccer is looking for a new chief executive after its incumbent Martin Glenn announced that he's to step down from the job in May 2019.
Under Armour CEO Kevin Plank says he wants to build a "diverse" and "inclusive" company, following a report earlier this year that exposed that the company had been letting its employees charge visits to strip clubs on their corporate cards.
Nike (NKE) is one of the biggest names in the athletic apparel and footwear manufacturing and distribution space. Over the past few years, Nike has increased its focus on its DTC (direct-to-consumer) business. Nike has beaten revenue estimates in four out of the last five quarters while witnessing year-over-year revenue growth in each.
On December 11, Nike’s (NKE) 12-month forward PE ratio was 25.3x. Meanwhile, Under Armour (UAA), Skechers (SKX), and Columbia Sportswear (COLM) had PE ratios of 65.5x, 12.3x, and 21.8x, respectively. Forward PE multiples help investors make investment decisions for similar companies.
Of the 37 analysts covering Nike (NKE) on December 11, 60.0% have “buy” ratings, and 35.0% have “hold” ratings on its stock. On December 3, Citigroup called Nike the “best idea for 2019.” Citigroup says that Nike’s growth story is intact on a worldwide basis, according to TheStreet. Citigroup added that NKE also warrants a premium multiple.
Nike (NKE) is scheduled to announce its fiscal 2019 second-quarter earnings results on December 20. In the first quarter of fiscal 2019, Nike’s adjusted EPS were $0.67, 6.3% better than analysts’ estimate and up 17.5% YoY (year-over-year). Nike’s management expects its SG&A (selling, general, and administrative) expenses to rise in the low teens owing to investments in digital capabilities and marketing investments.
Shares of Under Armour (UAA) plummeted over 10% Wednesday as investors signaled their displeasure with the sportswear firm's long-term guidance it provided at its investor day.
Wall Street analysts expect Nike (NKE) to report revenue of $9.17 billion in the second quarter of fiscal 2019, representing a 7.1% rise on a YoY (year-over-year) basis. Nike is scheduled to report its fiscal 2019 second-quarter earnings results on December 20.
At the investor day executives said they want to achieve a discipline operating model and focus on more profitable growth. Under Armour sees a low-single-digit revenue compund annual growth rate in North America for fiscal years 2020-2022, Briefing.com reported.
While millennials are doing a good job of saving in traditional ways, not parking their money in high-return investment options could be a potential mistake.
As of December 10, Lululemon (LULU) was trading at a 12-month forward PE ratio of 27.1x. The company’s adjusted EPS grew 33.9% in the third quarter as a result of strong revenue growth, higher margins, and lower taxes. Lululemon increased its fiscal 2018 earnings and revenue guidance following strong results in the third quarter.
Lululemon Athletica (LULU) stock recovered 1.0% on December 10 after a steep decline of 13.4% on December 7 following the announcement of the company’s results for the third quarter of fiscal 2018. Lululemon delivered impressive results for the third quarter. Lululemon stock has had a strong run this year.
BARRON'S PENTA From a century-old novel to a memoir and a newly released academic book, here’s what business and cultural leaders are reading. Robert Shiller Nobel laureate in economics, professor at Yale University A Crisis of Beliefs: Investor Psychology and Financial Fragility by Nicola Gennaioli and Andrei Shleifer The book “makes a case that the financial crisis of 2008 can be traced ultimately to a kind of human error, which they call diagnostic beliefs.
Stitch Fix said its active clients grew 22 percent during the quarter to 2.9 million. The personal styling service said it benefited during the quarter from adding new brands like Michael Kors, Bonobos, Converse and Madewell for shoppers to receive items from.
On this episode of the Full-Court Finance podcast, Associate Stock Strategist Ben Rains breaks down Lululemon's recent Q3 financial results and dives into the athleisure firm's future.