41.86 0.00 (0.00%)
After hours: 5:35PM EDT
|Bid||41.83 x 1800|
|Ask||42.14 x 800|
|Day's Range||41.84 - 42.79|
|52 Week Range||39.06 - 68.00|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||8.74|
|Earnings Date||Aug 22, 2019 - Aug 26, 2019|
|Forward Dividend & Yield||1.52 (3.58%)|
|1y Target Est||59.56|
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into what investors should expect from Nike's (NKE) Q4 fiscal 2019 financial results that are due out Thursday.
Foot Locker (FL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Foot Locker, Inc. (NYSE:FL), which is in the specialty retail business, and is based in United States, received a lot...
NIKE's (NKE) fourth-quarter fiscal 2019 earnings are poised to gain from robust momentum in North America and China markets. However, currency headwinds may play spoilsport.
The other day I saw an article in Forbes by value investor John Dorfman that examined four stocks to buy with little debt and high profitability. The stocks mentioned were National Beverage (NASDAQ:FIZZ), Gentex (NASDAQ:GNTX), Cactus (NYSE:WHD) and Deckers Outdoor (NASDAQ:DECK). Of Dorfman's four picks, I'm familiar with three of them. Cactus is the outlier of the group. It turns out the company makes wellheads and flow control products for the energy industry. InvestorPlace - Stock Market News, Stock Advice & Trading TipsYou learn something new every day in this business.Anyway, I'm always on the lookout for a good story idea, so I thought I'd run with Dorfman's theme and come up with seven S&P 500 stocks to buy that have little debt and lots of profits. * 6 Stocks Ready to Bounce on a Trade Deal To qualify, a company must have a debt-to-equity ratio of 20% or less and a return on equity 15% or higher. S&P 500 Stocks to Buy: Monster Beverage (MNST)Source: Mike Mozart via Flickr (modified)Monster Beverage (NASDAQ:MNST), one of the world's leading makers of energy drinks, has zero debt, $880 million in cash and marketable securities, and a return on equity of 28.6%. After conquering the energy drinks field, Monster is looking to capture a big chunk of the cannabis- and alcoholic-beverage markets. According to the Wall Street Journal, Monster is said to be interested in rolling out hard seltzers, malt beverages, and cannabis beverages once its non-compete (it's precluded from producing non-energy drinks) clause with Coca-Cola (NYSE:KO) ends in 2020. "This move actually makes a lot of sense for the company because Coke is looking more and more like a threat. In April, the brand debuted Coca-Cola Energy in Spain and Hungary, and it already sounds healthier than Monster," Delish reported June 12. Nobody thought Monster would rule the energy drink business, but here it is. I wouldn't bet against CEO and co-founder Rodney Sacks. He knows a thing or two about winning in the beverage biz. Foot Locker (FL)Source: Shutterstock Foot Locker (NYSE:FL), has gotten hammered in the past month, down approximately 25%. Nonetheless, the global retailer of sneakers has a remarkably strong balance sheet with $123 million in long-term debt, cash and cash equivalents of $1.1 billion and a return on equity of 26.9%. How do you lose 25% in a single month?Well, in Foot Locker's case, it missed analysts' first-quarter earnings estimate by eight cents. That's right, the consensus was $1.61, and FL came in at $1.53. On the top line, analysts were expecting sales of $2.11 billion; Foot Locker delivered revenues that were $33 million lower than expected. Hardly a bad earnings result -- comps rose by 4.6% during the quarter, suggesting to me that the long-term goals it has in place will surely be met. * 7 Value Stocks to Buy for the Second Half In the meantime, FL stock gives you a dividend yield of 3.7% and trading at 8.1 times its forward earnings.Can you say value stock? I knew you could. Hormel Foods (HRL)Source: Mike Mozart via Flickr (Modified)It's only appropriate that a pescetarian such as myself recommend a stock like Hormel Foods (NYSE:HRL), the makers of Spam, the most disgusting meat-based product ever created. No matter. The company has a great balance sheet with just $257.1 million in long-term debt, $639.3 million in cash and cash equivalents, and a return on equity of 19.5%.As I said, Spam is a horrible product, but a particular segment of the population seems to love it, and it pays the bills. In the first six months of 2019, Hormel's total segment profit was $615.4 million on $4.7 billion in sales, an operating profit of 13.1%. The meat-based food company is slowly making its way into plant-based foods such as a vegan pizza topping to meet the needs of consumers. While not at the front of the pack, it's working hard behind the scenes to deliver for its customers. "We understand that it is a shiny new toy," CEO Jim Snee said at a food conference in Paris recently. "We get that. It is one of our shiny new toys as well. It is something that is certainly on our minds like it is everyone else, and there is a lot of work happening both in the market and behind the scenes."Perhaps there is life after Spam. SVB Financial (SIVB)Source: Shutterstock SVB Financial (NASDAQ:SIVB) is my favorite American bank because it helps innovators and entrepreneurs around the world build their businesses.The holding company of Silicon Valley Bank has long-term debt of just $696.7 million, cash and cash equivalents of $7.1 billion, $28.9 billion in loans outstanding and a return on equity of 22.1%, which is over 800 basis points higher than JPMorgan (NYSE:JPM). In January, SIVB paid up to $340 million for Boston-based Leerink Partners LLC, an investment bank specializing in the healthcare industry. With all the changes happening in healthcare, owning a business that understands healthcare and life sciences companies, will continue to demonstrate why its a bank built on innovation. * 5 Stocks to Buy for $20 or Less Whenever it drops below $200 over the next few years, investors should buy SIVB stock. You won't regret it. Intuitive Surgical (ISRG)Source: Jon Fingas via Flickr (Modified)In February of this year, Intuitive Surgical (NASDAQ:ISRG), the makers of the da Vinci surgical system, got the green light from the FDA for Ion by Intuitive, a flexible robotic catheter that helps physicians reach "nodules in any airway segment within the lung."If you've owned ISRG stock, you're likely delighted by the news because it takes this goose beyond its golden egg. While I don't believe Intuitive is anywhere near the saturation point for its da Vinci surgical system, Ion shows it's also not a one-trick pony. That said, being a one-trick pony has made long-term shareholders very wealthy. CEO Gary Guthart owns 701,824 shares of ISRG that are worth a cool $374 million. That could buy a bunch of its surgical systems. ISRG stock hasn't done much so far in 2019, up just 13.2% year to date, but that's okay. It's got a great balance sheet with no debt, cash and marketable securities of $2.8 billion, and a return on equity of 17.9%. Long-term, I don't think you can go wrong with ISRG. A.O. Smith (AOS)Source: Nvdongen via Wikimedia (Modified)The last three years have not been kind to A.O. Smith (NYSE:AOS), the Wisconsin-based maker of water heaters, boilers and water treatment and filtration systems for both commercial and residential use. I first became interested in the company in 2012 because of its tankless water heaters. It has been so long that I can't remember exactly why I was interested in tankless water heaters. As I got to know the business, I couldn't help but recommend its stock. In recent years, AOS has significantly underperformed the S&P 500, which is unusual for a company that has delivered an annualized total return of 16.5% over the past 15 years. Unfortunately, to make matters worse, J Capital Research, a short seller intent on driving down AOS stock, made allegations against the company about its Chinese operations that suggested it was inflating sales and profits in China. The company flatly denies the allegations. All I can say is that I've followed the company's progress over the past seven years and I'm going to believe it's worth standing behind this business until proven otherwise. * 7 Top-Rated Biotech Stocks to Invest In Today As of the end of March, A.O. Smith had $277.6 million in long-term debt; $633.3 million in cash and marketable securities; and a return on equity of $20.6%. Ulta Beauty (ULTA)Source: Mike Mozart via FlickrFor almost two years, I wondered when Ulta Beauty (NASDAQ:ULTA) was going to expand to Canada. "For me, the fact that the company hasn't touched the surface when it comes to international expansion like Canada says the company's growth story is very much intact despite the headwinds it might face," I wrote on August 23, 2017. Well, the beauty retailer finally announced May 30 that it was coming to Canada, after studying various countries to figure out where it would launch its international expansion. "International expansion represents an attractive and incremental long-term growth platform, which extends our core capabilities and leverages our value proposition," CEO Mary Dillon said on Ulta's Q1 2019 conference call. "We believe that the Ulta Beauty value proposition is very relevant and differentiated in multiple geographies around the globe and Canada is an attractive and logical place to start."Dillon is one of the best retail executives in the U.S. I'm sure she will do what's best for shareholders and figure out the right pace for opening stores in Canada. Although Sephora and Shoppers Drug Mart provide competition, Ulta's in-store experience combined with top-notch online sales provides a loyal customer base that spends more.With $521.8 million in cash and marketable securities, no debt, and a return on equity of 40.9%, ULTA shareholders can look forward to more growth when it hits Canada in late 2020 or early 2021. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits appeared first on InvestorPlace.
Shares of Nike (NKE) have fallen nearly 4% over the last three months after the sportswear powerhouse warned Wall Street of slowing growth last quarter. Here's what to expect from Nike's top and bottom lines, as well as its key regions: China and North America.
NEW YORK, June 19, 2019 /PRNewswire/ -- To celebrate the impressive extremes that sneakerheads and basketball fans alike will go to get the kicks they've been dreaming of, Foot Locker released "The Letter," a comedic TV and digital spot that showcases just how far someone will go to get their hands on a coveted pair of Nike Air Max shoes. The ultimate sneakerhead, Houston Rockets forward, P.J. Tucker, singer and model Pia Mia, and actor JD McCrary star in the spot alongside a plethora of Nike Air Max silhouettes, ranging from the Air Max 95 to Air Max Plus as they fulfill what they believe to be a budding sneakerhead's dreams, with a humorous twist. "Everything we do at Foot Locker we do Because Sneakers, and we know our customer's every impulse and motivation revolves around their love of sneaker culture," said Patrick Walsh, Vice President of Marketing, Foot Locker North America.
Ciena, Carrols, Children's Place, Stitch Fix and Foot Locker as Zacks Bull and Bear of the Day
Foot Locker Inc NYSE:FLView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is moderate for FL with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 14. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding FL are favorable, with net inflows of $11.73 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. 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.
Foot Locker (FL) grapples with soft margins due to high expenses. Nevertheless, the company is focusing on supply chain development, improvement of mobile and web platforms and expansion of data analytics capabilities.
Foot Locker appears to be looking into investment or acquisition opportunities in Europe, according to a recruitment posting on one of the company’s websites, Svezia in an analyst note on Monday. Although the analyst says there is no concrete information to suggest any imminent announcements, the company appears to be looking to expand to the sneakerhead market in Europe by way of acquisition. “Foot Locker appears to be interested in investments or acquisitions in Europe in the mold of some of its recent activity over the last 18 months like GOAT Group and Carbon 38, in line with strategy laid out at its March Investor Day,” Svezia wrote in a note.
A new survey done by Cowen Equity Research highlights the differences between shoe shopping preferences of men and women.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Foot Locker, Inc. New York, June 11, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Foot Locker, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]
Shares of Nike (NYSE:NKE) have been under plenty of pressure over the past few weeks. Intensifying trade talks with China aren't helping, as Nike stock hits its lowest levels since January. Not all sports stocks are created equal though, as Under Armour (NYSE:UA, NYSE:UAA) continues to do just fine. Lululemon Athletica (NASDAQ:LULU) is doing okay, but not great, while Foot Locker (NYSE:FL) is tanking.Source: rodrigofranca via FlickrThis year's NBA Finals are interesting, given how many NBA pros have top shoe deals. Over the past few years, we've seen the Golden State Warriors face off with the Cleveland Cavaliers. That featured a number of Nike athletes, including Kevin Durant (the last two years), LeBron James and Kyrie Irving, among others. Under Armour, notably, had Stephen Curry on its side.But this year matchup between Golden State and the Toronto Raptors features Durant with Nike, Curry with Under Armour and Kawhi Leonard with New Balance. It's a diversified bunch, although it doesn't help Nike that its star (Durant) has been injured for the first two games.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sports Stocks to WatchWith game three of the NBA Finals coming up on Wednesday, I want to see if Nike stock specifically can shake its recent stigma. Not many were expecting the Raptors to put up a big fight against Golden State. But through two games, the series is pretty tight so far.That's important, because the longer this series goes, the more exposure Nike can get. In June 2015, Nike signed an eight-year apparel deal with the NBA. Further, the apparel maker just dropped a re-release of its Air Jordan 4 shoe, in its Raptor colorway. The company is doing exactly what it should do to keep attention flowing to its brand. * 10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right The question is, will it work?Based on the last few earnings reports, Nike is doing well. But trade-war worries continue to weigh on the stock. If we can get some more-than-expected Nike-specific focus during the Finals, that may help with short-term sentiment. That's assuming the stock market can find its footing -- no pun intended -- and slow its recent selloff.However, sports stocks and Nike stock specifically will likely come under pressure should trade-war talk intensify. A global slowdown doesn't do Nike any good, nor does a worsening trade war.So while investors will have one eye on the NBA Finals, they'll also be watching trade-war headlines to see how they impact sports stocks going forward. Trading Nike Stock Click to EnlargeBasketball is a huge driver for Nike and the league doesn't get any more attention than when it's playoffs time. So far though, that's not translating to a higher stock price. Nike stock is down 14% from its highs in mid-April.Shares were able to rally about 1% on Monday in the face of another broad-market decline. Perhaps it's a sign that the NBA Finals can give it a boost. It's also bouncing off that $77 area, a key fourth-quarter resistance level that, once breached, propelled NKE stock higher in January.It would be discouraging to see Nike lose this mark now. If it does, watch $75, the 61.8% retracement for the one-year range to give it another bounce. Below there and I wonder if investors can get lucky enough to nab a position in NKE for $70-ish. That would be a great long-term opportunity. * 7 Retail Stocks Winning in 2019 and Beyond On the upside, say current levels hold. We first need to see Nike stock recapture the 50% retracement at $78. From there, a rally back to the $80 to $81 area can ensue. Particularly if trade headlines relent for a few sessions and investors can focus on Nike's fundamentals and the Finals.However, $80 to $81 is a big level. There it has the 200-day moving average, channel resistance, the 38.2% retracement and the downtrending 20-day moving average.That's a mouthful of numbers, but for simplicity sake, just know it could easily act as resistance. At least on Nike stock's first test. Should it push through though, it could give shares -- and sports stocks in general -- a serious spark.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Sell Impacted by the Mexican Tariffs * 6 Big Dividend Stocks to Buy as Yields Plunge * The 10 Biggest Announcements From Apple WWDC 2019 Compare Brokers The post Will NBA Finals Give Sports Stocks Like Nike a Bounce? appeared first on InvestorPlace.
Some of the biggest names in retail are warning President Trump of the potential consequences over the trade war with China. Yahoo Finance's Zack Guzman, Sibile Marcellus & Heidi Chung discuss with National Taxpayers Union Senior Fellow Mattie Duppler
In honor of the 35th anniversary of cult-classic 'Ghostbusters,' Foot Locker teamed up with K-Swiss to launch the Villain Duo, a set of spooky sneakers inspired by monsters from the movie. Yahoo Finance's Reggie Wade joins The Final Round to discuss the partnership.
The boom of the sneaker industry has resulted in more defined shoe preferences for men and women, including purchasing sneakers on Amazon versus going to Foot Locker. Yahoo Finance's Dan Roberts, Reggie Wade, Melody Hahm, and Myles Udland discuss.