|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||23.74|
|Forward Dividend & Yield||1.55 (1.41%)|
|1y Target Est||140.27|
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down what Farfetch's (FTCH) acquisition of sneaker startup Stadium Goods means for sports retail. The episode also dives into how giants like Nike (NKE) have adapted with the times to become even more powerful.
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.
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.
Dubbed a Triple-Double Strategy, it involves utilizing more technology-powered innovation to drive sales growth, benefiting owners of Nike stock. As of last quarter, however, shareholders started to see the power of the company’s not-so-new-anymore Nike Customer Experience (NCX) platform. Perhaps Citigroup has a point about Nike stock being a top idea for the coming year, even if Citi ‘s analysts overstated the bullish case on NKE stock.
Adidas is dropping its all new Ultraboost 19 running shoes later this week, but you won't have to wait in line to get a look at them. The company is partnering with Snapchat to offer an augmented reality-powered preview. According to Adidas, the AR preview will be the first time Snapchat has partnered with a sneaker brand to let users try on a product through a lens.
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.
Shares of Lululemon (LULU) have fallen nearly 12% in the last three months after soaring for much of the year. But does this signal that investors are nervous about the yoga and athleisure giant's third-quarter financial results, or did Lululemon fall victim to the larger market pullback?
Outdoor apparel company Patagonia recently announced that it would donate $10 million in unplanned cash to grassroots organizations that are working to help fight climate change.
Nike stock is trading nearly 4% higher on a double dosage of good news. On one end, de-escalating trade tensions between the U.S. and China ease rising cost pressures for Nike and improve the company’s international growth prospects. On the other end, Citi came out and called Nike stock a “Best Idea” for 2019.
On this episode of the Full-Court Finance podcast, Associate Stock Strategist Ben Rains dives into the latest sports betting news as MLB joins the fun. He then breaks down another well-known company's jump into the business of basketball.
Wells Fargo cited declining clearance sales, strengthening marketplace inventory, restructuring EPS benefits in 2019, and relatively low Street expectations as reasons why the worst is over for UAA stock. From where I sit, the worst does not appear to be over for UAA stock. Overall, the worst may not be for UAA stock just yet, meaning the recent rally may be one worth fading.
Shares of Under Armour (UAA) jumped over 4% Friday morning to inch near their 52-week high. But, with no major news to speak of, let's see what might be going on.
Dick's Sporting Goods (DKS) saw its stock price pop 0.94% during regular trading Tuesday in a sign that investors might expect big things from the retailer's Q3 financial results, especially after Foot Locker's (FL) quarterly earnings impressed last week.
For most of 2018, athletic apparel company Lululemon (NASDAQ:LULU) was one of Wall Street’s favorite trades. Red-hot comparable sales growth trends and rising margins created enormous profit growth that investors just couldn’t ignore. Consequently, LULU stock entered the year around $80, and then proceeded to double to $160 by early October.
For nearly a year, sports apparel giant Nike (NYSE:NKE) was on a seemingly unstoppable tear. It was again growing its North America business, accelerating product innovation at unprecedented levels, and had quickly become the hottest brand again. During that stretch, the shares have lost more than 12% on concerns that a global economic slowdown will upend Nike’s recent operational momentum.
Is it time to think about buying Dick's Sporting Goods (DKS) stock before it reports its Q3 earnings results next week?
Inventories appear clean, which should continue to aid gross margin. Analysts also cited a turn to positive comparable-store sales in Foot Locker’s European operations, while noting that continued declines in the basketball category was the one weak spot they will continue to watch. Nike Inc., Foot Locker’s top supplier, rose as much as 2.5 percent.
Should you consider buying shares of Salesforce ahead of its Q3 financial results that are due out Tuesday, November 27?
Fallout from a federal probe into alleged corruption in college basketball entered a new chapter Monday as a former University of Louisville player sued Adidas America Inc. on allegations that the sports-clothing maker violated federal racketeering laws by paying families of high-profile recruits. The player, former high school basketball star Brian Bowen Jr., alleges that the U.S. arm of German shoe company Adidas AG, its executives and consultants broke the law in their efforts to influence the families of top high school basketball players and encourage them to attend Adidas-sponsored universities. Unlike the criminal case, which argued that the universities were the victims of the Adidas executive’s activities, Mr. Bowen Jr.’s civil racketeering suit posits a new argument in the debate regarding college basketball and amateurism rules: that Adidas caused “foreseeable economic injury” to the player by allegedly arranging payments to the player’s family and thus invalidating his eligibility to play in college.
Foot Locker (NYSE:FL) earnings on Tuesday afternoon are going to be huge. Foot Locker stock has trading mostly sideways for 2018 after FL stock rallied strongly from a five-year low last November. As I wrote on Friday, Foot Locker earnings could reverberate across the market.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains talks about some of the best sports-based retail stocks to buy before Black Friday amid the busy holiday shopping season.
Nine-year-old Riley Morrison wrote a letter to NBA player Steph Curry inquiring why his new shoes were not offered to girls, and his hand written response was a slam dunk. The pro told her she would not only receive the shoes, but also an invitation to his event on International Women's Day. Yahoo Finance's Adam Shapiro, Julie Hyman, Brian Sozzi, and Peter Borish, the chief strategist of Quad Group, discuss.