|Bid||83.53 x 1100|
|Ask||83.54 x 800|
|Day's Range||82.51 - 83.68|
|52 Week Range||66.53 - 90.00|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||32.58|
|Earnings Date||Jun 26, 2019 - Jul 1, 2019|
|Forward Dividend & Yield||0.88 (1.00%)|
|1y Target Est||91.75|
Almost 200 footwear retailers have signed a letter addressed to President Trump, urging him to put a halt on his tariff proposal. Yahoo Finance’s Reggie Wade, Dan Roberts, Melody Hahm, and Akiko Fujita discuss.
Jim Cramer is out, but Jeff Marks, senior portfolio analyst for Cramer's Action Alerts PLUS investing club, is back with the latest market news and analysis. , among other athletic apparel and shoe companies, sent President Donald Trump, and, of course, he's taking a look at some of the biggest retail earnings.
Nike, Under Armour, J.C. Penney and other athletic apparel and shoemakers penned a letter to President Trump late Monday asking the administration to reconsider tariffs placed on footwear made in China....
Jeff Marks, senior portfolio analyst at Action Alerts PLUS, weighs in on Home Depot, J.C. Penney, Kohl's and TJX earnings and Nike's letter to the White House.
With China playing a vital role in the supply chain process for most U.S. footwear firms, the proposed tariffs are likely to be a death knell for the industry that is already reeling under a $3 billion annual duty bill.
U.S. stock futures rose on Tuesday and global stocks snapped back following a move by the Commerce Department to ease restrictions on the ability of China's Huawei Technologies to do business with U.S. companies, soothing concerns of an all-out tech war between Washington and Beijing. Commerce Secretary Wilbur Ross said Huawei will be able to access U.S. technology and purchase equipment from American companies for up to 90 days in order to maintain existing network and update handsets. Contracts tied to the Dow Jones Industrial Average rose 144 points, futures for the S&P 500 were up 16.35 points, and Nasdaq futures gained 63.25 points.
lead a group of athletic apparel and shoe companies in an effort late Monday to urge President Donald Trump to reconsider placing tariffs on footwear made in China and imported into the United States, calling the levies a "catastrophic" move that will cost U.S. consumers $7 billion a year. and a host of U.S. footwear and apparel retailers in letter to Trump and senior members of his economic team, including Commerce Secretary Wilbur Ross, Treasury Secretary Steven Mnuchin and economic adviser Larry Kudlow, that called for shoes to be removed from a list of products that could face a 25% tariff over the coming months.
“They want Biden so that China can continue to make $500 billion dollars a year and more ripping off the United States,” Trump said at rally in Montoursville, Pennsylvania, on behalf of a Republican running in a special election for the House. Biden downplayed China while campaigning in Iowa City, Iowa, on May 1, drawing criticism from some of the other Democrats challenging him for the party’s nomination.
Trump is expected to impose 25% tariffs on another $300 billion worth of Chinese goods when he meets Chinese President Xi Jinping next month. The Footwear Distributors & Retailers of America (FDRA) estimates the hike in tariff would add $7 billion in additional costs for customers every year. The companies noted that the tariffs on footwear average 11.3% and reach rates as high as 67.5%.
For the second year in a row, the most valuable professional sports team is the Dallas Cowboys, with a market value of more than $4 billion. The list of the top 10 sports franchises with the highest market value in 2017 is based on Forbes annual ranking of National Football League, National Hockey League, National Basketball Association, Major League Baseball, Formula 1, soccer and Nascar teams. Only two NBA teams are in the ranking, while only one MLB team is in the top 10.
President Donald Trump has proposed implementing 25 percent tariffs on $300 billion worth of imported goods from China, including clothing and footwear.
More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, Ugg and Off Broadway Shoe Warehouse, have penned a letter to the White House asking President Donald Trump to consider a halt to tariff increases on footwear imported from China.
Nike NKE said is adding "written terms" to new contracts to support athletes during pregnancy days after being criticized for cutting the pay of some female stars who had children. "Moving forward, our contracts for female athletes will include written terms that reinforce our policy," Nike said in the release.
Nike rival Under Armour received an analyst upgrade Friday on the athletic gear maker's move to an offensive footing.
Shares of Foot Locker Inc. rallied 1.3% in premarket trade Friday, after B. Riley FBR upgraded the athletic footwear retailer, citing "attractive" valuation, expected in-line same-store sales and a "solid" footwear pipeline. Analyst Susan Anderson raised her rating to buy, after being at neutral since August 2017, while raising her stock price target to $73 from $62. "Our store checks have shown a significant pullback in promotions since 1H18 which we believe reflects on-trend product from both FL's core partners and smaller more casual/fashion oriented brands," Anderson wrote in a note to clients. "In a challenging retail environment, we believe [Foot Locker] has done an excellent job of re-aligning their store fleet and creating an in-store experience that is relevant to their customers." The stock has lost 6.4% over the past three months through Thursday, while the SPDR S&P Retail ETF has lost 5.3% and the S&P 500 has tacked on 3.6%.
These stocks are expected to thrive as the first wave of millennials turns 38, a prime age for growing young families and household formation.
British distance runner Jo Pavey has become the latest female athlete to complain that Nike halted her sponsorship payments when she was pregnant, Sky News reported on Thursday. "When I announced I was pregnant my contract was immediately paused," Pavey, who won 10,000 metres bronze at the 2007 world championships, told Sky. Pavey's comments come after American middle distance runner Alysia Montano made similar claims in a video on the New York Times website earlier this week.
Under Armour got an upgraded rating from JP Morgan after speaking with the athletic apparel company’s CEO and members of the executive team. Emily McCormick joins Seana Smith on ‘The Ticker’ to discuss Under Armour’s sales growth and it stacks up against other athletic apparel competitors.