|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||130.05 - 130.42|
|52 Week Range||101.48 - 130.42|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||29.26|
|Forward Dividend & Yield||1.55 (1.27%)|
|1y Target Est||127.69|
As part of its recent pledge to only use recycled plastics by 2024, Adidas hasrevealed a new running shoe that is made from 100 percent recyclablematerials
TaylorMade says it has seen a threefold increase in traffic to its e-commerce site since Tiger Woods won The Masters.
TaylorMade CEO David Abeles weighs in on the impact of Tiger Woods' big Masters win on his golf equipment company
Attractive stocks have exceptional fundamentals. In the case of adidas AG (FRA:ADS), there's is a financially-healthy , dividend-paying company with a an impressive...
Hat tip to TaylorMade for buying low into Tiger Woods. Now get ready for the financial spoils following his 15th major win at Augusta National on Sunday.
In 2016, Adidas put its TaylorMade golf clubs up for sale to focus on its shoes and clothing as the golf industry was under pressure. It finally found a buyer after a year — but that sale dented Adidas' earnings. Tiger Woods used TaylorMade golf club on Sunday during his historic Masters win.
Broadly speaking, I'm a big athletic apparel bull. The thesis is pretty straightforward. Thanks to Instagram and Snapchat culture, consumers today are more obsessed than ever with looking active, fit and healthy. A big part of this look is wearing the right clothes, and the right clothes lie somewhere in the overlap of athletic fit, lifestyle fashion and multipurpose utility. Brands like Nike (NYSE:NKE), Lululemon (NASDAQ:LULU), and Adidas (OTCMKTS:ADDYY) check off all those boxes. That's why each of those stocks is up more than 40% over the past three years, with LULU and ADDYY stocks both up more than 100%.Source: Shutterstock But, one athletic apparel stock which I've been unwilling to consistently ring the bull horn on is Under Armour (NYSE:UAA). This company has simply failed to meaningfully pivot its brand to align with broad consumer interests and trends. This failure to pivot has ultimately stifled UAA stock. While its big three peers are all up more than 40% over the past three years, UAA stock is down around 50% over that same stretch.Unfortunately, things won't get much better for UAA stock anytime soon.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe reality is that this brand continues to take the wrong steps. There's a serious lack of product innovation relative to Nike, Lululemon, and Adidas. The brand continues to fail to pivot into the lifestyle category, which is where all the growth will be going forward. Meanwhile, brand equity is being by diluted because management is trying to boost sales by selling through lower priced channels, and mind-share and popularity are in free fall. * 10 Dow Jones Stocks Holding the Blue Chip Index Back Overall, things aren't pretty here, but this is the right space. As such, UAA stock is a buy at the price -- but we aren't at the right price just yet. Data Shows That Under Armour Is LosingThe big idea here is that Under Armour is making all the wrong moves in the right space. Consider the following: * The big-growth niche in the athletic apparel space is in the convergence of athletic and leisure styles, since most consumers are wearing these clothes to be comfy and look good, and can't really tell the difference in terms of performance. Yet, Under Armour has failed to pivot into the lifestyle approach, and instead continues to double down on performance. Consequently, according to both a Piper Jaffray survey and B. Riley survey, Under Armour is largely an afterthought in the broader footwear category, whereas Nike and Adidas are powerhouses. * Within the performance segment, Nike and Adidas are innovating rapidly, launching new styles often and pioneering things such as self-lacing sneakers. Under Armour is not launching new styles as quickly, and is behind the curve on breakthrough sneaker technology. Consequently, Under Armour is even losing share in the performance basketball market, per the aforementioned B. Riley survey. * Under Armour continues to sell aggressively into lower-priced distribution channels like Kohl's (NYSE:KSS), and as our own Vince Martin points out, it's that lower-priced product that is moving, not the premium product. Thus, brand equity is being diluted, and that hurts the brand's public image. Look no further that the results of the aforementioned Piper Jaffray survey, which show that Under Armour has been the top "downtrending brand" among male teens for two consecutive years.In sum, Under Armour is simply not making the right moves in the athletic apparel space, and the result is that popularity, mind-share, and market-share are all dropping. UAA Stock Isn't OvervaluedThe good thing about UAA stock is that, all things considered, it isn't overvalued. The bad thing is that it also isn't that undervalued, and dip buyers should consequently wait for a better entry point below $20.In the big picture, the athletic apparel space expects as a healthy 4%-6% revenue growth market over the next several years, thanks to the aforementioned secular consumer demand tailwinds. So, Under Armour is in the right space. Eventually, the company will get its act together, stop losing market share and grow healthily alongside this burgeoning market.Consequently, Under Armour reasonably projects as a 4%-6% revenue grower over the next several years. Meanwhile, I believe gross margins should trend higher because the brand will likely lean more heavily into direct-to-consumer sales, which should carry higher margins by eliminating the wholesale middle man. Opex leverage should also kick in as healthy revenue growth becomes the norm again.All in all, I think Under Armour will hit $1.50 in EPS by fiscal 2025. Based on a Nike-average 25x forward multiple, that implies a reasonable fiscal 2024 price target for UAA stock of $37.50. Using a 10% discount rate, that equates to a fiscal 2019 price target of just over $23.Thus, in the lower $20's, UAA stock isn't overvalued. But, it isn't that undervalued, either. As such, I'm waiting for a dip below $20 to get bullish on a rebound in the stock. Bottom LineUnder Armour is the wrong company in the right space. That means that, for the foreseeable future, this is a "buy the dip, sell the rally" stock. Right now, the stock is dipping, so a buying opportunity is approaching. But, it's probably best to wait for the stock to come below $20 before jumping in and playing the rebound.As of this writing, Luke Lango was long NKE, and may initiate a long position in UAA within the next 72 hours. Compare Brokers The post Lack Of Innovation Is Stifling Under Armour appeared first on InvestorPlace.
Is Nike (NYSE:NKE) likely guilty of something like the bribery accusations being levied against it? Maybe. Does its accuser, now-infamous attorney Michael Avenatti, have a credibility problem? Absolutely. Is this something owners of Nike stock need to worry about? Nope.Source: rodrigofranca via FlickrThis past weekend, lawyer Michael Avenatti followed through on a threat to publicly release what he described as "evidence showing Nike bribed players to attend 'Nike' colleges."The development extends an ever-lengthening saga. In March, Avenatti was arrested for extortion of Nike, embezzlement, and defrauding a bank. Hid demand of $20 million from Nike was in exchange for not releasing what he deemed to be documentations of Nike's wrongdoing. That document is publicly available via dropbox, and even if only half-true, is still rather damning.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn the other hand, even if true, it's not exactly shocking, nor is it game-changing. Avenatti's involvement itself may further muster public support of Nike. * 8 Risky Stocks to Watch as Earnings Season Kicks Off Extortion Claims and Nike StockIf the name rings a bell, there's a reason. Michael Avenatti is the same lawyer that represented porn film star Stormy Daniels in her legal battle against President Donald Trump. Avenatti also represented Brett Kavanaugh accuser Julie Swetnick.His recent track record is less than solid. Kavanaugh became a Supreme Court justice, and Daniels now owes Trump nearly $300,000 in legal fees over a now-dismissed defamation lawsuit.Somehow high-profile scandals seem to find the attorney. Or, he finds high-profile scandals.The latest row with Nike looks and seems like the latter.That is, in March, Avenatti publicly threatened to release what he claimed was proof of bribery unless Nike wrote Avenetti a check for as much as $20 million in exchange for his silence on the matter.In a private phone conversation with Nike's attorneys, allegedly heard by law enforcement officials, Avenatti went on to threaten doing damage to the sports apparel company's market cap by reducing the value of Nike stock.Though the court of public opinion may be even more powerful than the judicial system in this era, it's still a poor legal strategy. Avenatti was not acting on behalf of anyone claiming to be injured by Nike's actions. It appeared, for all intents and purposes, he had gathered data for the sole purpose of forcing Nike to pay him a large sum of money.Going public with the claim rather than approaching Nike privately only forced the organization to double down on its defense.His arrest in March suggests federal prosecutors are thinking along those same lines. Allegations and ResponseThe 41 page document appears to show email exchanges, text messaging threads, banks statements and other evidence involving Nike Elite Youth Basketball executives Carlton DeBose and Jamal James. The document also implicates Gary Franklin, of California Supreme Youth Basketball, as the person who largely carried out what's roughly $170,000 worth of bribes made over the course of the past several years.The document also alleges Nike paid money to Zion Williamson's mother, Sharonda Sampson.Williamson, a freshman, played basketball for Nike-sponsored Duke University this season, and is widely expected to be a first round NBA draft pick later this year, where he's almost assured a lucrative endorsement deal.Under Armour (NYSE:UAA, NYSE:UA), Puma and Adidas (OTCMKTS:ADDYY) are all potential brands Williamson could partner with, though through Duke he's clearly familiar with Nike.Nike's response thus far has been modest, but effectively so. The company has only commented:"Nike will not respond to the allegations of an individual facing federal charges of fraud and extortion and aid in his disgraceful attempts to distract from the athletes on the court at the height of the tournament. Nike will continue its cooperation with the government's investigation into grassroots basketball and the related extortion case."The sports apparel organization may be hoping the media and Avenatti's dinged reputation will be enough to deflate the matter. It's not a bad bet.But, are any of the accusations true?That remains to be seen, though it would be bold for Avanetti to fabricate an entire 41 pages of false documentation, particularly given he's facing up to 100 years in jail if extortion charges against him stick.But, bolstering his argument are the October revelations of the findings from an FBI investigation that sought to identify how, and to what extent, athletes were being compensated beyond scholarships to play for a particular school. The under-the-table cash payments are, to put it bluntly, sizeable and not abnormal for most schools and brands. Bottom Line for Nike StockThough ugly, the matter is neither surprising nor troubling for investors and consumers that have largely become desensitized to questionable decisions. While two wrongs don't make a right, a series of wrongs at least levels the playing field. It would be surprising is Nike wasn't doing something akin to what Avanetti has alleged.It's just the nature of the beast. There's very little left that's "amateurish" about collegiate sports, which has become a multibillion dollar business as well as a proving ground for potential professional sports stars.For better or worse, this has all been quietly, tacitly built into the price of Nike stock. Avanetti's claims aren't something investors didn't quietly suspect already. It simply lays out more details of those suspicions.Avanetti's name being attached to the accusation only weakens the accusation.It's not a matter that's going to do grave damage to the company's stature.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post Avenatti's Bribery Claims Won't Really Hurt Nike Stock appeared first on InvestorPlace.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains discusses three sports retail stocks to buy right now as the market continues to hum along in 2019.
Piper Jaffray defined these teens as members of Generation Z, with the average age at 16 years old. Over 8,000 teens were surveyed for this report across 47 states.
Adidas AG (ADR) (OTC: ADDYY) has added another music superstar to its roster. The German brand announced Thursday that Beyoncé and Adidas are launching a multilayered partnership that makes the music icon a creative partner for the company. "Adidas has had tremendous success in pushing creative boundaries.
Beyonce and Adidas (OTCMKTS:ADDYY) are teaming up in a new deal that covers footwear and apparel.Source: Shutterstock The deal will have Beyonce teaming up to promote the company's products. To go along with this, the two will also work to bring customers more goods from the entertainer's Ivy Park line of athleisure wear."This is the partnership of a lifetime for me," Beyonce said in a press release. "Adidas has had tremendous success in pushing creative boundaries. We share a philosophy that puts creativity, growth and social responsibility at the forefront of business. I look forward to re-launching and expanding Ivy Park on a truly global scale with a proven, dynamic leader."InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Biometric Stocks to Watch as AI Rises Here's how some users are reacting over on Twitter (NYSE:TWTR) to the Beyonce and Adidas team up. * "I may be broke. I may not have immediate access to a factory store. I Will Buy Beyonce Kicks. Watch Me." * "It's a mystery how Beyonce has the most fans of any artist but has failed at clothing multiple times. I hope this Adidas deals works out." * "My two fave things r doing a collab :') beyonce and adidas :') whos a happy slut? me :')" * "I'm shocked that Beyonce signed with Adidas. She was always rocking Virgil's Off whites. Lol" * "If Beyonce thinks I'm gonna spend all my money on her new clothes and shoes…. she's absolutely right." More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Low-Priced Tech Stocks With Great Potential * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * The Era of Car Ownership Is Over. And These 4 Charts Prove It As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Beyonce, Adidas Team Up on Footwear & Apparel Deal appeared first on InvestorPlace.
Adidas has teamed up with singer Beyonce and will relaunch her Ivy Park brand, as it aims to attract more female consumers after rival Puma's deal with Rihanna helped boost sales. Adidas, which also has a partnership with Kanye West, said on Thursday it will work with Beyonce on creating performance and lifestyle products, including signature footwear and clothing. The deal will also involve relaunching the Ivy Park brand Beyonce started in 2016 together with Britain's Topshop.
Beyonce is becoming a "creative partner" for Adidas. Adidas is teaming with one of the world's biggest superstars to market its sneakers and sweatshirts: Beyonce. Adidas said Thursday the singer will be a "creative partner" for the brand and that she'll help co-create new products, including performance gear, shoes and lifestyle apparel.
Super Bowl winning coach Tony Dungy and his wife Lauren discuss their book ‘We Chose You’, as well as Russell Wilson’s new contract which made him the highest paid player in the NFL. Yahoo Finance’s Zack Guzman and Sibile Marcellus join them to discuss.
Diving into the world of tech - a Gen Z startup company named Dote is announcing a new live video group shopping feature called 'Shopping Party' allowing social media influencers to shop and engage with the company's e-commerce catalog and their followers. Yahoo Finance's J.P. Mangalindan interviews Dote's CEO about their new venture.
Adidas has signed a deal with Beyonce that will involve shoe design, apparel, and a relaunch of Beyonce's brand Ivy Park. PLUS: Vans puts out a line of David Bowie apparel. Yahoo Finance's Dan Roberts, Reggie Wade, Julia La Roche, and Kristin Myers discuss.
Adidas and Beyonce are teaming up to relaunch 'Ivy Park' and develop new footwear & apparel. Yahoo Finance's Seana Smith discusses with Brian Cheung, Julia La Roche, & Dan Howley on 'The Ticker.'
Adidas has signed Beyoncé as its latest creative partner to develop new signature footwear and apparel for the brand, and relaunch her athleisure line, Ivy Park, of which she'll remain the sole owner. In a statement, Beyoncé called the collaboration the ‘partnership of a lifetime’.