XETRA - XETRA Delayed Price. Currency in EUR
+1.30 (+1.69%)
At close: 5:35PM CET
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Previous Close77.10
Bid78.40 x 1000
Ask78.55 x 2900
Day's Range77.35 - 79.00
52 Week Range43.70 - 79.00
Avg. Volume354,089
Market Cap11.745B
Beta (5Y Monthly)0.31
PE Ratio (TTM)45.79
EPS (TTM)1.71
Earnings DateFeb 19, 2020
Forward Dividend & Yield0.35 (0.45%)
Ex-Dividend DateApr 23, 2019
1y Target EstN/A
  • Don't Sell PUMA SE (ETR:PUM) Before You Read This
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  • How Much Is a Moncler Puffer Jacket Worth?

    How Much Is a Moncler Puffer Jacket Worth?

    (Bloomberg Opinion) -- Moncler SpA’s hotline just blinged. The brand, sported by Drake in his video for the popular song of that name, is being courted by Kering SA, according to Bloomberg News.Moncler has been a fashion-hit maker itself. If Francois-Henri Pinault’s Kering wants to get its hands on it, the Gucci owner will have to pay a price as rich as that commanded by one of its $1,000-plus down jackets.The Italian brand, with a market capitalization of 11 billion euros ($12.2 billion), would bring a sizable name that’s still capable of growth to Kering, valued at 69 billion euros. It would also usefully reduce the French group’s reliance on Gucci, which now accounts for more than 60% of group sales and 80% of operating profit.Moncler has scope to add further stores, particularly flagship locations, in China. While it has successfully expanded its range of products from its core down jackets into knitwear, there is an opportunity in bags and accessories. Kering’s expertise would bolster these ambitions. Digital marketing skills and the French company’s focus on sustainability could be useful too, as younger luxury buyers’ concerns about natural resources, such as down and fur, shape their buying habits.But Moncler won’t come cheap. Assuming a 25% premium over Wednesday’s closing price, a takeover would cost about 12 billion euros, adjusting for estimated net cash of 550 million euros. That equates to about 20.5 times this year’s likely Ebitda, exceeding the multiple that Kering’s French arch-rival LVMH has offered for the iconic diamond and jewelry brand Tiffany & Co.With Moncler forecast to make about 750 million euros of operating profit in 2023, the returns from a deal would be a mere 5% after tax, unless Kering could turbocharge the business. Given that the target is already well run under Remo Ruffini, its chief executive officer and biggest shareholder, that looks like a tall order. Moncler's operating margin is already strong at about 30%.This wouldn’t be a case of taking a tired brand and rejuvenating it. So the pressure would be on Kering to engineer ways of achieving higher sales in order to earn returns at closer to the 7%-8% level that would make a deal easier to justify.The French house can afford Moncler. Assuming an all-cash deal, net debt would increase from 0.4 times Ebitda to 2.4 times. That’s manageable. Kering also has a 16% stake in sportswear maker Puma SE, worth about 1.6 billion euros, to play with. But a deal would wrap up much of Kering’s acquisition firepower up in a puffer jacket, leaving little room to expand into other areas, such as jewelry.There is better value to be found elsewhere, for example in Britain’s Burberry Group Plc, whose recovery plan has yet to pay off. Kering could also bring the skills it used to reinvigorate the Gucci brand to Prada SpA or Salvatore Ferragamo SpA. While this could mean more upfront investment, there is a much bigger turnaround potential.Although Burberry has no controlling family, Prada and Ferragamo do. So far, they have shown no indications of wanting to sell. A reshuffle of Moncler’s ownership recently reduced Ruffini’s stake to 22.5%Even so, Moncler’s down jackets are best known for keeping out the cold. The company has plenty to help it repel a predator, or more likely, make them pay a bulky price.\--With assistance from Chris Hughes.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • These 4 Measures Indicate That PUMA (ETR:PUM) Is Using Debt Reasonably Well
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  • Reuters

    Re-sale market drives hype around H&M designer collaborations

    MADRID/STOCKHOLM, Nov 7 (Reuters) - As fast-fashion giant H&M pushes more designer tie-ups, some consumers are eschewing the long lines outside stores to buy the looks in the fast-growing resale market. H&M has released 15 designer and brand collaboration collections to date in 2019 compared to 11 in the whole of last year. The latest is its collection of looks crafted in collaboration with Italian designer Giambattista Valli.

  • Boasting A 15% Return On Equity, Is PUMA SE (ETR:PUM) A Top Quality Stock?
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  • Reuters

    UPDATE 2-German economy to grow in Q4 as business morale steadies - Ifo

    Ifo said its business climate index was unchanged from the prior month in October at 94.6. "The German economy is stabilising," Ifo President Clemens Fuest said in a statement. Europe's economic powerhouse shrank in the second quarter, and many economists expect it to have done so again in the third.

  • Reuters

    UPDATE 2-Puma sees profit hit from U.S. tariffs on China

    German sportswear group Puma cautioned on Thursday that it would take a hit from U.S. tariffs on China in the fourth quarter but still raised its sales forecast and narrowed its profit target after a strong third quarter in all regions. "So far everybody is eating the tariffs in their margins," Chief Executive Bjorn Gulden told journalists, adding that he expected rivals to increase U.S. prices, but Puma would not hike first as it is not the market leader.

  • Reuters

    GRAPHIC-Asia seeks ways to cope with trade war's hit to China demand

    Asian countries are looking for catalysts beyond China to drive their economies as the Sino-U.S. trade war forces Chinese demand for their exports to shrink. Luring foreign companies to their shores, finding ways to boost domestic consumption and scouring for alternate export markets are part of that policy mix as China's neighbours cope with flagging demand from the mainland, hitherto a large market for Asia in the regional supply chain. Malaysia set up a panel to fast-track investments to woo businesses, and said it approved more than $500 million in proposals this month.

  • PUMA SE (ETR:PUM) Earns Among The Best Returns In Its Industry
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  • Reuters

    Belle Intl taps BAML for sportswear unit IPO after $6.8 bln buyout -sources

    Chinese footwear retailer Belle International has hired Bank of America Merill Lynch (BAML) to help prepare for a Hong Kong listing of its sportswear business this year, said people with direct knowledge of the matter. The firm aims for a valuation of at least HK$20 billion ($2.55 billion) to HK$25 billion for the unit, which distributes brands such as Nike and Adidas, said two of the people. The divestiture comes nearly two years after BAML advised a consortium led by Hillhouse Capital Group and CDH Investments to take Belle private in a $6.8 billion deal completed in July 2017, as traditional retailers battled online competition.

  • Nike stock slips after Duke basketball star gets injured as sneaker rips open
    Yahoo Finance

    Nike stock slips after Duke basketball star gets injured as sneaker rips open

    Zion Williamson left the widely-watch Duke-UNC game with a knee injury and did not return.

  • Reuters

    Puma's caution on 2019 hits shares despite strong quarter

    Sportswear group Puma gave a conservative forecast for 2019 on Thursday despite strong fourth-quarter sales helped by demand for its chunky RS-X shoes and Cali sneakers, sending its shares down more than 6 percent. Chief Executive Bjorn Gulden conceded that the new target was cautious, but also said: "When there is upside, we'll take it. Puma has been growing faster than its bigger German rival Adidas and market leader Nike, helped by savvy social media campaigns and partnerships with celebrities like singers Selena Gomez and Rihanna and rap mogul Jay-Z.

  • Yo Gotti talks investing, esports, and new album
    Yahoo Finance Video

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    Hip hop artist Yo Gotti discusses his investing habits, the esports industry, and his outlook on the future of the music industry. He joins Yahoo Finance's Reggie Wade and the On The Move panel to share his thoughts.