|Bid||29.70 x 1300|
|Ask||29.71 x 1900|
|Day's Range||29.11 - 30.96|
|52 Week Range||22.64 - 43.08|
|PE Ratio (TTM)||25.90|
|Earnings Date||Apr 18, 2018 - Apr 23, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||48.50|
Stocks were higher on Monday, April 23, but in cautious trading as benchmark 10-year Treasury notes were near 3% for the first time in more than four years and as Wall Street prepared to enter the heart of U.S. corporate earnings season. At last check, the yield on the 10-year Treasury was at 2.985%. Here are the 3 biggest movers, all losers, from Monday's morning trading.
NEW YORK, NY / ACCESSWIRE / April 23, 2018 / While shares of Pinnacle foods exploded on the news that an activist hedge fund took a big stake in the company, shares of Skechers collapsed on weak guidance and a downgrade from Wedbush analysts. Skechers U.S.A., Inc. shares were trading deep in the red on Friday and closed down 27.04%. Skechers reported solid first quarter results but offered weak second quarter guidance last week that resulted in a downgrade from Wedbush.
As earnings season is starting to pick up pace, here’s a look at some the top stock trades in the stock market. With shares of Apple Inc. (NASDAQ:AAPL) down more than 4% Friday, it’s no wonder tech is having a tough day. Many investors are trying to figure out what to make of Apple’s 7% slide over the past three trading sessions.
After initially launching in Asia and with an upcoming debut in the United States and Canada, SKECHERS USA, Inc. (SKX) is extending its popular anime collaboration to Europe as well with the launch of Skechers X One Piece. The colorful collection unites Toei Animation’s popular anime series with Skechers D’Lites, one of the footwear company’s original styles. “Pairing the iconic long-running anime series One Piece with one of our top heritage styles resonated with our consumers in South Korea and China who have been driving trends for the past few years,” began Michael Greenberg, president of Skechers.
Shares of Skechers U.S.A. Inc. plummeted 27% in Friday trading after the company gave weak second-quarter guidance and was downgraded to neutral from outperform at Wedbush. Wedbush analysts cut Skechers’ (SKX) price target to $34 from $46. Skechers said a shift in shipments to the back half of the year, weather and challenges in the Middle East are issues affecting the outlook.
How Are Sportswear Stocks Placed So Far in 2018? In the final article of this four-part series, we’ll see what Wall Street recommends for the sportswear stocks included in our survey. Let’s begin with Nike (NKE). The sportswear giant is covered by 37 Wall Street analysts.
What on earth is going on in the sneakers game? Skechers USA (SKX) plunged 27% Friday, falling $11.38 to a six-month low of $30.70, after warning that the second quarter is going to be weaker than expected. The first quarter was good, the balance sheet is solid, overseas sales are growing at a nice clip—China was up 30% in the quarter—and the stock is not expensive.
Steve Madden beat on earnings and revenue when it reported Friday morning. Skechers stock plunged after the trendy shoe maker maker reported weak guidance.
In this part of the series, we’ll discuss another key valuation metric—the enterprise-value-to-sales multiple. A higher EV-to-sales multiple indicates that a company is overvalued. To gauge whether these companies are correctly valued, we’ll also look at their respective sales growth.
How Are Sportswear Stocks Placed So Far in 2018? All the companies that we’re covering in this series have delivered strong YTD (year-to-date) returns. Nike (NKE) has a YTD gain of ~7.0%, which is the lowest in the peer group.
Skechers USA Inc (NYSE: SKX ) reported an in-line EPS in its first quarter report while revenue topped estimates. The stock plummeted, however, as the company's second quarter guidance came in notably ...
California-based Skechers (SKX) saw its stock slide ~24% after trading on Thursday, April 19, after the company reported its 1Q18 results. Although the footwear retailer reported better-than-expected EPS (earnings per share) and revenue, its guidance disappointed.
Skechers' stock plunges more than 25 percent after the sneaker company issued a disappointing outlook for the current quarter. Its earnings and sales for the first quarter ended March 31 topped analysts' expectations, but those results were largely overlooked by Wall Street. Skechers SKX shares plunged by 28 percent Friday after the shoe retailer issued a disappointing outlook for the current quarter.
The market is tearing into Sketchers results like a rabid dog does a shoe. plunged the most in two years in early Friday trading after the footwear maker issued softer-than-expected sales and earnings forecasts for its fiscal second quarter following a solid start to the year. "Our backlogs and incoming order rates don't show the significant change as we see in the third quarter," chief operating officer David Weinberg told investors on a conference call that followed the earnings.
The leading walking-footwear specialist moves lower after putting forward a bland guidance and not barreling past guidance the way it did three months earlier.
Skechers USA Inc. (NYSE: SKX) is plummeting over 20% in pre-market trading following the release of its Q1 2018 earnings results after the market closed yesterday. Skechers’ EPS came in-line with analysts’ expectations, and its revenue beat the consensus estimate of $1.20 billion, and it met or beat its own outlook that it provided in February, which projected EPS of $0.70-$0.75 and revenue of $1.175 billion-$1.20 billion. Overall the stock actually looks relatively cheap in the premarket. At $32, the 2018e EPS multiple is 15x for 20% expected earnings growth this year and another 18% expected next year. Skechers last traded at this multiple in November of 2017.
Let's check out the Yahoo Finance charts of the day. General Electric (GE): Shares getting a pop here, up 4.5%. The beaten down conglomerate beat on earnings and revenue, and reaffirmed its guidance as well, boosted by its aviation, health care and transportation units. Skechers (SKX): Shares tumbling here, down around 27%. Despite beating on both earnings and sales, the shoe retailer’s current quarter guidance disappointed investors. Pinnacle Foods (PF): Shares getting a boost here, up 9.5%. Activist fund Jana Partners revealed a 9.1% stake in the food company, and said it will seek create value at the company and may shake up the board. For more on today's big stock movers check out the Final Round, live at 3:55 p.m. ET, right here on Yahoo Finance.