|Bid||0.00 x 2200|
|Ask||42.50 x 800|
|Day's Range||37.25 - 38.23|
|52 Week Range||29.53 - 39.75|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||11.45|
|Earnings Date||Mar 12, 2019|
|Forward Dividend & Yield||0.90 (2.47%)|
|1y Target Est||38.05|
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Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Ed Stack has been the CEO of Dick's Sporting Goods,Read More...
Rating Action: Moody's affirms five classes of WFCM 2015- C27. Global Credit Research- 15 Feb 2019. Approximately $762.9 million of structured securities affected.
Under Armour (NYSE:UA, NYSE:UAA) shares moved higher after the company's earnings report on Feb. 12. Both classes of Under Armour stock gained. As of this writing, UA shares are up 6% and UAA stock is higher by 7.4%. Click to Enlarge Source: Shutterstock The divergence in performance adds to the long-running -- and still unexplained -- valuation gap between UA and UAA shares. But the fact that both classes of Under Armour stock have rallied itself is odd. Q4 earnings were solid, admittedly. But guidance for 2019, which should matter more to a forward-looking market, was left unchanged.With UAA stock already up 18% before earnings, the report hardly seems strong enough for more upside. And it leaves Under Armour stock, which I thought was a sell in December, in a precarious position going forward.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Under Armour Stock Rises After EarningsIn terms of expectations, Under Armour earnings admittedly look solid. Adjusted earnings-per-share of 9 cents was 5 cents better than consensus of 4 cents, and a noted improvement from a breakeven performance the year before. Revenue rose 1.5% to $1.39 billion, about $10 million ahead of the Street. * The 7 Best Video Game Stocks to Power Up Your Portfolio! Expectations aside, however, the performance is hardly impressive. Sales in North America dropped 6% year-over-year in Q4, driving a full-year 2% decline in that market. Given that Nike (NYSE:NKE) has executed a dramatic reversal in its North American business, Under Armour is clearly losing share domestically. Questions persist surrounding the company's retail strategy of selling full-price at outlets like Dick's Sporting Goods (NYSE:DKS) and at a discount at Kohl's (NYSE:KSS).There is good news, admittedly. International sales continue to grow nicely. Those markets -- now about a quarter of total revenue -- are key to the long-term strategy. And Under Armour is recovering some of the margins it has lost in recent years, with its adjusted gross margin up 160 bps in Q4.Bulls, then, can argue that Under Armour's turnaround is progressing. That's actually true. But to at least some extent that's already priced in. And looking at guidance for 2019, it's a surprise that Under Armour stock has continued to rally. Guidance and UAA StockAt its Investor Day in December, Under Armour laid out five-year targets for its turnaround. The market wasn't impressed. Under Armour stock had already fallen heading into the report, and it continued plunging afterward. The two declines combined led Under Armour stock down 30% in less than three weeks.Obviously, broad market weakness in December didn't help. But even considering a notable change in sentiment for the market as a whole, the rally in UAA stock on Wednesday made little sense. The stock already had recaptured much of those losses, but little changed in the story on Wednesday looking forward. The 2019 outlook was reaffirmed. Under Armour still sees EPS of just 31 cents to 33 cents this year, implying a 67x price-to-earnings ratio (on the high-end of guidance) for UAA stock.That single metric doesn't make Under Armour stock a sell. But the rally of the past few weeks does seem confusing and potentially unsustainable. It was the long-term outlook in December that spooked investors. That outlook suggests something like $1 in EPS in 2023. Yet UAA stock now trades at 22x that long-term figure. * The 3 Best Chinese Stocks to Buy for a Long-Term Portfolio More notably, UAA now has recaptured all of the post-Investor Day selloff. That seems like too much. Luke Lango wrote at the time that the outlook confirmed that $20 was too much to pay for UAA stock. The stock now is over $22. What drives more upside? The Risks to UA and UAAThe aggressive move in UA and UAA of late creates two key risks. The first is that in 2019, Under Armour now has to outperform. If five-year targets weren't enough in December, and they haven't changed since, then investors are pricing in better-than-expected results. Any quarter going forward that isn't a big beat is likely to lead to a selloff in Under Armour stock.The second risk is that UAA stock also looks reliant on broad market trends. What is now a 26% rally year-to-date is coming solely from the fact that investors are more bullish in 2019 then they were at the end of 2018. When that bullishness fades -- or again reverses -- UAA will be left in a precarious position.Again, this is not to say that there's no good news in Under Armour earnings. The turnaround is on track. International sales and margin expansion are key parts of the story.But this is also a company losing market share in North America, where revenues in 2019 are expected to be flat and its stock is trading at 60x+ 2019 earnings. A turnaround of some kind is already priced in. From these levels, for UAA to gain, the progress needs to accelerate. And it's not clear why investors see the Q4 report as evidence that acceleration is on the way.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Every 20-Year-Old Should Buy * 10 Best Dividend Stocks to Buy for the Next 10 Months * 10 Monster Growth Stocks to Buy for 2019 and Beyond Compare Brokers The post Under Armour Stock Rallies After Earnings … But Why? appeared first on InvestorPlace.
A Mount Pleasant, South Carolina, company has purchased a struggling indoor Triad mall, promising renovations and new tenants. WRS Inc., a real estate investment group, bought the Mayberry Mall in Mount Airy, promising renovations and the recruitment of new tenants. A spokeswoman for the Surry County Register of Deeds said Tuesday morning that the official deed transfer had not yet been filed due to a mixup in paperwork.
PITTSBURGH , Feb. 12, 2019 /PRNewswire/ -- DICK'S Sporting Goods, Inc. (NYSE: DKS) will announce results for the fourth quarter and full year 2018 before the market opens on Tuesday, March 12 th . A conference ...
Under Armour (UAA) shares popped through late-afternoon trading Friday, just a few days before the sportswear firm reports its fourth-quarter financial results. This means it's time to see what to expect from Under Armour before the opening bell Tuesday.
Dick's Sporting Goods Inc NYSE:DKSView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is high Bearish sentimentShort interest | NegativeShort interest is high for DKS with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting DKS. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding DKS totaled $1.85 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
NEW YORK, Feb. 05, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
The sporting goods chain opened its stores early in New England to sell championship gear, a sign its willing to change up its playbook.
Given their thorough understanding of the stock market, investors should pay heed to broker advice in order to design a winning portfolio.
Michaels (MIK) has decided to close all Pat Catan's stores in fourth-quarter fiscal 2018. Also, it has provided updated guidance for the fourth quarter.
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Dick's Sporting Goods, Inc. (NYSE:DKS), with a market capitalization of US$3.4b, rarely draw their attention from the Read More...
Dick's Sporting Goods has suffered a legal setback in a dispute with a vendor over a contract for ammunition. Battle Born Munitions filed a lawsuit in October against the Findlay-based retailer to recoup approximately $5.5 million in damages. Dick's filed a motion to dismiss the lawsuit, but the motion was denied by a judge last week, according to a statement put out by Battle Born.
Ulta Beauty (ULTA) benefits from strong omnichannel presence and robust loyalty program. However, high SG&A costs remain a concern.
Office Depot (ODP) looks well poised on its growth track courtesy of strategic endeavors including business review, store optimization program and omni-channel initiatives.
As CEO of Torchy's Tacos, G.J. Hart has the difficult job of blending the company's cool Austin vibe with the corporate systems needed to compete nationally. Here's how he's doing it, backed by a stable of recent hires that also came from big-league brands such as Taco Bell.
On this episode of the Full-Court Finance podcast, Associate Stock Strategist Ben Rains breaks down Nike's new Bluetooth connected, self-lacing Adapt BB shoes before he dives into how they tie into the sportswear giant's overall digital growth plans.