26.75 0.00 (0.00%)
After hours: 4:47PM EDT
|Bid||26.50 x 3100|
|Ask||26.97 x 900|
|Day's Range||25.92 - 26.77|
|52 Week Range||23.80 - 43.08|
|Beta (3Y Monthly)||-0.48|
|PE Ratio (TTM)||22.22|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Skechers' (SKX) bottom line is under pressure, owing to higher SG&A expenses. Nonetheless, multi-brand strategy should aid sales.
Lululemon (NASDAQ:LULU) was one of the hottest trades on Wall Street in 2018. Until it wasn’t. LULU stock has rallied a whopping 90% this year. But it has struggled recently and is down nearly 10% from its recent highs.
Potrero Capital Research is a California-based small-cap equity investment fund managed by Potrero Capital Research, LLC, a Delaware limited liability company, which was founded back in 2003 by Jack Ripsteen. In addition to being its founder, Mr. Ripsteen is also the managing member of the fund, with ownership of around 75%. Prior to founding Potrero […]
As of October 4, Deckers Outdoor (DECK) has risen more than 33.3% to $106.98 on a YTD (year-to-date) basis due to strategic efforts. Deckers Outdoor has been streamlining its store footprint and supply chain to control costs. Nike (NKE) has risen 28.2% on a YTD basis.
In the past eight quarters, Deckers Outdoor (DECK) beat the top-line estimates six times. The company missed the estimates twice. On a YoY (year-over-year) basis, Deckers Outdoor’s sales grew during the fourth quarters. The sales reported a decline in the other quarters. In the first quarter of fiscal 2019, the sales beat the estimates by 10.3% and delivered growth of 19.5% YoY.
As of October 4, of the 16 analysts covering Deckers Outdoor (DECK) stock, 88.0% rated it as a “hold,” while 12.0% rated it as a “buy.” There wasn’t any price change activity for the stock in the last 15 days. The Ugg brand is the main sales driver for Deckers Outdoor. Deckers Outdoor has been working on its DTC (direct-to-customer) and omnichannel capabilities to drive sales.
Nike (NKE) shares have risen 32% in 2018 as of October 3—compared to the S&P 500’s return of 9%. The company has also outperformed the Dow Jones Industrial Average Index, which has gained 8.5% YTD (year-to-date). Nike stock has risen more than 60% during the past year. Nike is the top gainer in the Dow Jones Industrial Average Index during this period.
Shares of lifestyle and performance footwear maker Skechers USA Inc (NYSE: SKX ) are down nearly 30 percent since the start of 2018, and investors may want to reconsider buying the stock, as it has limited ...
Athletic apparel company Under Armour (NYSE:UAA) has been in rally mode recently. First, management provided an update on its restructuring plan, slightly upped fiscal 2018 earnings guidance and sounded a bullish tone on potential operating margin expansion in the long-term due to workforce reduction. That trio of updates sent Under Armour stock flying higher.15 Best S&P 500 Stocks for the Rest of 2018
Skechers (SKX) stock has fallen after Cowen & Co. turned bearish on the company this morning. SKX stock traded at $26.77 at 12:20 PM EDT, which was 3.84% below yesterday’s closing price of $27.84. Cowen & Co. analyst John Kernan downgraded the footwear maker to “market perform” from “outperform,” citing inventory pressure, slowing sales, and currency headwinds. Kernan noted that Skechers’ inventories grew ~23.0% during the second quarter, while its inventory turnover was at its lowest level in ten years.
Skechers USA Inc (NYSE: SKX ) shares are down 27 percent year-to-date, but given the shoemaker's large valuation gap to peers, Cowen anticipates additional declines. The Analyst Cowen analyst John ...
Skechers USA Inc. was downgraded to market perform from outperform at Cowen based on the company's growing inventory and foreign exchange pressures. Cowen cut its price target to $28 from $32. Skechers shares are down 3.1% in Thursday premarket trading. Skechers' inventory level grew 23% in the second quarter, according to analysts led by John Kernan. "Our concerns include: 1) gross margin is at risk given a moderating U.S. wholesale business; 2) a less robust product cycle; 3) potential for FX transactional headwinds - recall that SKX does not hedge its exposure; and 4) elevated inventory levels," the note said. Analysts estimate that foreign exchange exposure could create a 3.3% to 4.3% sales headwind, and an earnings per share impact of 13-to-18 cents. ComScore data also shows that desktop and mobile traffic to Skechers is "among the most depressed for our entire coverage list over during the last three months." Skechers shares have sunk 26.4% for the year so far while the S&P 500 index has gained 8.8% for the period.
Check out the companies making headlines before the bell: Darden Restaurants DRI – The parent of Olive Garden, Longhorn Steakhouse, and other restaurant chains earned $1.34 per share for its latest quarter, 10 cents a share above estimates.
Fiscal 2019: Can Nike Hit the Ground Running? Nike’s (NKE) EPS declined more than 4% in fiscal 2018 since it saw a deceleration of 22% and 8% in the first and second quarters, respectively. It was largely a result of a falling gross margin, which was mainly due to currency headwinds.
Few apparel companies have seen as much success over the past several quarters as Lululemon (NASDAQ:LULU). Lululemon stock absolutely has been on fire thanks to huge improvements in comparable sales and profitability. This success promises to continue for the foreseeable future because the company is still in the early stages of transitioning from niche, U.S.-focused women’s yoga pant retailer, to mainstream, global athletic apparel retailer that appeals to both men and women.
Amazon (NASDAQ:AMZN) and other e-commerce players were taking share from traditional physical retailers, and forcing a great number of them to close their doors. The consensus thesis was that almost all shopping would migrate online, and that as that transition played out, eventually all retail stocks would die. As it turns out, traditional physical retailers aren’t dinosaurs who were just sitting back and letting Amazon eat their lunch.
Skechers (SKX) stock fell 7.9% to $26.42 on September 12 after Susquehanna analyst Sam Poser lowered his fiscal 2018 and 2019 EPS estimates for the company, citing margin pressure. The analyst also lowered his price target on Skechers by $1 to $25. Poser said Skechers’s operating margin might get impacted by currency headwinds, rising investments, and weakness in the Korea, Japan, and Latin America businesses.
Examining how Skechers USA Inc (NYSE:SKX) is performing as a company requires looking at more than just a years’ earnings. Below, I will run you through a simple sense checkRead More...
Let's check out the Yahoo Finance charts of the day. Amazon (AMZN): Shares are down in early trade, at around .34%. Beginning on November 1st Amazon announced that it is increasing its minimum wage to $15 per hour for all US workers. Skechers (SKX): Shares down here, 1.5%. The shoe company was downgraded to "neutral" from "buy" at Citi, which is concerned about domestic sales growth as well as increased expenses. GE (GE): Shares down here, around 1.7%. RBC Capital raised its rating of GE to outperform from sector perform for GE shares, citing the successful track record of its newly installed chief executive. For more on today's big stock movers check out the Final Round, live at 3:30 p.m. ET, right here on Yahoo Finance