|Bid||72.66 x 900|
|Ask||72.67 x 900|
|Day's Range||71.41 - 73.63|
|52 Week Range||60.13 - 86.04|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||57.58|
|Earnings Date||Dec 20, 2018|
|Forward Dividend & Yield||0.88 (1.21%)|
|1y Target Est||87.45|
Tamika Curry Smith's hiring is the latest step taken to improve the company's culture after complaints about workplace opportunities for women and people of color.
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.
A new earnings season is also on the horizon, and a fresh batch of companies have the opportunity to ease Wall Street's nerves if they can post strong results. Here's a look at a few of the earnings announcements due during the week of December 17.
NIKE's (NKE) earnings and sales are likely to benefit from robust innovation efforts as well as strength in international business and the global NIKE Direct business.
Under Armour had its big 2018 Investor Day on Wednesday. Under Armour stock had been bid up ahead of the event as investors anticipated management to wow the market with aggressive five-year sales and profits targets. Overall, the Investor Day presentation simply confirmed what the market already knew: North America growth is stabilizing, international growth is rapidly slowing, margins are improving and the five-year forward growth trajectory is simply good, not great.
Nike (NKE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nike (NKE) is one of the biggest names in the athletic apparel and footwear manufacturing and distribution space. Over the past few years, Nike has increased its focus on its DTC (direct-to-consumer) business. Nike has beaten revenue estimates in four out of the last five quarters while witnessing year-over-year revenue growth in each.
On December 11, Nike’s (NKE) 12-month forward PE ratio was 25.3x. Meanwhile, Under Armour (UAA), Skechers (SKX), and Columbia Sportswear (COLM) had PE ratios of 65.5x, 12.3x, and 21.8x, respectively. Forward PE multiples help investors make investment decisions for similar companies.
Of the 37 analysts covering Nike (NKE) on December 11, 60.0% have “buy” ratings, and 35.0% have “hold” ratings on its stock. On December 3, Citigroup called Nike the “best idea for 2019.” Citigroup says that Nike’s growth story is intact on a worldwide basis, according to TheStreet. Citigroup added that NKE also warrants a premium multiple.
Nike (NKE) is scheduled to announce its fiscal 2019 second-quarter earnings results on December 20. In the first quarter of fiscal 2019, Nike’s adjusted EPS were $0.67, 6.3% better than analysts’ estimate and up 17.5% YoY (year-over-year). Nike’s management expects its SG&A (selling, general, and administrative) expenses to rise in the low teens owing to investments in digital capabilities and marketing investments.
The new filing restates the basic arguments of the first motion to dismiss. Nike's attorneys argue the lawsuit is overly broad and lacks sufficient facts.
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.
Wall Street analysts expect Nike (NKE) to report revenue of $9.17 billion in the second quarter of fiscal 2019, representing a 7.1% rise on a YoY (year-over-year) basis. Nike is scheduled to report its fiscal 2019 second-quarter earnings results on December 20.
Next up for the newly minted Merriweather District in downtown Columbia? Nike (NYSE: NKE) has signed a lease for 12,000 square feet in One Merriweather, a new office building in downtown Columbia, WBJ has learned. It will join tenants that owner Howard Hughes Corp. (NYSE: HHC) has been lining up for the project, including MedStar Health and Pearson PLC. Elsewhere in the downtown Columbia project are cured and 18th & 21st, a restaurant and speakeasy, and a new music venue and bar/restaurant, The Soundry, from Clyde’s Restaurant Group. The new Nike store will follow in the footsteps of the brand’s new model stores that have opened in New York and Los Angeles with e-commerce tie-ins, interactive tech in house and connections to Nike’s mobile apps and digital offerings. It will also serve as a showroom for new prototypes Nike is working on with celebrities or other brands.
At the investor day executives said they want to achieve a discipline operating model and focus on more profitable growth. Under Armour sees a low-single-digit revenue compund annual growth rate in North America for fiscal years 2020-2022, Briefing.com reported.
While millennials are doing a good job of saving in traditional ways, not parking their money in high-return investment options could be a potential mistake.
In the past two years, more than 100 companies have publicly joined the Tent Partnership for Refugees, a non-profit with a mission to develop and implement concrete business commitments to refugees. To understand whether helping refugees helps or hurts brands, researchers from the NYU Stern School of Business surveyed a representative sample of consumers in the U.S. about their sentiments in regard to 10 brands across 10 product categories (alcohol, automobiles, cosmetics, apparel retail stores, cosmetics, grocery stores, home furnishings, hotels, soft drinks, soap-shampoo, and sports apparel), as well as consumer sentiments about business commitment to refugees. The results from 7,139 consumers are somewhat surprising: almost half of them (48%) noted that they are more likely to purchase a brand if they know the brand is committed to supporting refugees in one or more ways.
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.
earnings report in September brought the stock down harshly, but the shares still have crushed the U.S. market this year. Nike shares have fallen almost 14% since it beat fiscal first-quarter earnings estimates in September but reported a slower gross margin expansion as a result of higher product costs. For next year, not only are investors worried about the impact of Donald Trump's tariffs on Nike's margins, but a global economic slowdown is likely in the cards for 2019.
As of December 10, Lululemon (LULU) was trading at a 12-month forward PE ratio of 27.1x. The company’s adjusted EPS grew 33.9% in the third quarter as a result of strong revenue growth, higher margins, and lower taxes. Lululemon increased its fiscal 2018 earnings and revenue guidance following strong results in the third quarter.
A new study reveals which states across the nation have a particular fondness for the McDonald's brand
Lululemon Athletica (LULU) stock recovered 1.0% on December 10 after a steep decline of 13.4% on December 7 following the announcement of the company’s results for the third quarter of fiscal 2018. Lululemon delivered impressive results for the third quarter. Lululemon stock has had a strong run this year.
BARRON'S PENTA From a century-old novel to a memoir and a newly released academic book, here’s what business and cultural leaders are reading. Robert Shiller Nobel laureate in economics, professor at Yale University A Crisis of Beliefs: Investor Psychology and Financial Fragility by Nicola Gennaioli and Andrei Shleifer The book “makes a case that the financial crisis of 2008 can be traced ultimately to a kind of human error, which they call diagnostic beliefs.