|Bid||22.72 x 1400|
|Ask||22.90 x 4000|
|Day's Range||22.71 - 23.69|
|52 Week Range||22.71 - 43.08|
|Beta (3Y Monthly)||0.29|
|PE Ratio (TTM)||19.20|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.55|
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.
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.
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.
Let's see if Skechers (SKX) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
At yesterday’s 79th Annual Two Ten Gala in New York, Skechers president Michael Greenberg was given Two Ten Footwear’s most prestigious honor – the T. Kenyon Holly Award for his outstanding local, national and global humanitarian achievements for children. Greenberg’s wide-ranging philanthropic efforts have funded education, supported children with special needs, and donated to families impacted by natural disasters. Every event that he’s supported has thrived because of his passion and personal input,” said Neal Newman, president of Two Ten Footwear Foundation.
Lowe's (LOW) strong digital presence and sturdy U.S. home improvements market bode well. However, the company's plans to exit certain non-core businesses are likely to result in high pre-tax charges.
World Wrestling (WWE) focuses on increasing original content, subscriber growth, rising TV rights fees and other strategic initiatives.
Way Forward initiative, expansion plans and focus on enhancing digital capabilities are likely to drive growth for Wolverine (WWW). However, soft sales trend is a concern.
Shareholder rights law firm Robbins Arroyo LLP reminds shareholders that purchasers of Skechers U.S.A., Inc. (SKX) have filed a shareholder complaint against the company's officers and directors for alleged breaches of fiduciary duty, insider trading and misappropriation of information, and waste of corporate assets between October 19, 2017 and July 19, 2018. Skechers designs, develops, markets, and distributes footwear for men, women, and children.
Spending on apparel was up 5.4 percent over Black Friday weekend, the best growth since 2011, according to consulting firm Customer Growth Partners.
While the holiday shopping season is off to a strong start for retailers, tariffs could play the role of the Grinch.
As of November 28, Skechers (SKX) was trading at a 12-month forward PE multiple of 13.6x. Skechers’ valuation multiple has declined 1.4% since the announcement of its third-quarter results in October. Skechers missed analysts’ sales expectation but exceeded the earnings estimates in the third quarter.
Skechers (SKX) beat analysts’ estimates in two of the first three quarters of 2018. In the third quarter, Skechers’ adjusted EPS of $0.58 beat analysts’ expectation of $0.51. However, Skechers’ EPS declined 1.7% on a year-over-year basis in the third quarter. Increased expenses and a higher tax rate had a negative impact on Skechers’ earnings in the third quarter.
Skechers’ (SKX) sales growth rate has declined in recent quarters. In the third quarter, Skechers’ sales grew 7.5% to $1.18 billion. The company’s third-quarter sales lagged analysts’ expectation of $1.22 billion. The sales growth rate in the third quarter was slower compared to the 10.6% growth rate in the second quarter and the 16.2% growth in the third quarter of 2017.
Skechers’ (SKX) retail segment is its second-largest segment. The retail segment accounted for 30.6% of the company’s overall sales in the third quarter. Skechers operated 681 company-owned stores at the end of the third quarter, including 216 international stores. Including third-party operated stores, Skechers’ retail network had 2,802 stores worldwide at the end of third quarter. Skechers’ company-owned retail business is comprosed of three types of store formats—concept stores, factory outlets, and warehouse outlet stores.
Skechers Stock: Do Analysts See Upside Potential? Recently, Skechers’ (SKX) international wholesale business has been the company’s key growth driver. In the third quarter, the international wholesale segment’s sales grew 11.8% and accounted for 45.1% of the overall sales—compared to 43.4% in the third quarter of 2017.
Skechers stock has fallen 28.9% on a year-to-date basis as of November 28. Skechers stock was impacted by the company’s disappointing performance in the first two quarters of 2018. Skechers stock rose 13.8% on October 19.
Skechers is taking Giving Tuesday to heart in partnering with local non-profit organizations to donate much-needed goods for thousands of wildfire victims who have lost their homes and personal possessions after multiple disasters in Northern and Southern California. Additionally, the Company is announcing a state-wide fundraising campaign at Skechers California retail stores through the holiday season. Skechers is donating more than 10,000 items, including new shoes, socks, apparel, hats, totes, and gift bags filled with toys, snacks, and more, to those devastated by the Camp Fire through the Salvation Army in Chico.
Francesca's (FRAN) announces preliminary estimated financial results for the third quarter. Dismal sales and soft comps continued to linger during the same period.
Steven Madden (SHOO) continues to witness robust growth in the wholesale accessories business. Further, the company???s e-commerce business also improved significantly.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it practical, we’ll show how Skechers USA Inc’s (NYSE:SKX) Read More...