|Bid||28.45 x 1800|
|Ask||29.90 x 4000|
|Day's Range||28.65 - 29.50|
|52 Week Range||23.80 - 43.08|
|PE Ratio (TTM)||23.94|
|Earnings Date||Oct 17, 2018 - Oct 22, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.55|
Skechers won a devoted following by focusing more on comfort and less on style and glitz. In the U.S., it is the top brand for walking, work shoes and women’s casual lifestyle shoes. One side benefit is that Skechers doesn’t need to pay top dollar for endorsement deals with the world’s most famous teams and athletes.
Wall Street analysts expect the company to report adjusted EPS of $0.46, reflecting a 21.5% rise on a YoY (year-over-year) basis. Its adjusted net income is expected to be $37.3 million compared to the $30.6 million it reported in the corresponding quarter last year. Its bottom line is expected to benefit from a lower tax rate and share repurchases despite ongoing investments.
Footwear retailer DSW (DSW) is expected to announce its second-quarter earnings results on August 20. Analysts expect the company to report revenue of $678.3 million, reflecting a 0.3% fall on a YoY (year-over-year) basis. This performance stands in contrast to the 3.3% YoY rise it registered in the same quarter last year.
As of August 9, DSW (DSW) stock has risen an impressive 28.9% to $27.60 on a YTD (year-to-date) basis. The company’s strategic endeavors, including overhauling its merchandise assortment, revamping its stores, investing in technology, and improving its loyalty rewards program, have resulted in revenue growth in the trailing five quarters. DSW is looking for newer growth avenues, including kids footwear.
Following the investment mantra of brands over retailers, Morgan Stanley named Nike Inc (NYSE: NKE ) a top pick this week. The Analyst Morgan Stanley analyst Lauren Cassel initiated coverage of Nike ...
Deckers Outdoor Corporation’s (DECK) adjusted EPS in the fiscal first quarter of 2019 reached -$0.98, compared with the Wall Street estimate of -$1.42. Its loss also narrowed from its adjusted EPS of -$1.28 reported in the fiscal first quarter.
For the fiscal first quarter of 2019, Deckers Outdoor Corporation (DECK) reported a gross profit of ~$115.0 million, up 26.9%. Its gross margin rose 270 basis points to 45.9% as the company witnessed higher selling for all brands on the DTC channel. Favorable foreign exchange movement added 100 basis points to its gross margin expansion.
On July 27, Deckers Outdoor Corporation (DECK) stock lost 6.9% of its value since announcing its results on July 26. As a result, Duffy downgraded the stock. Among its peers, Foot Locker (FL) and DSW (DSW) are up 25.2% and 1.0%, respectively.
After the announcement of its fiscal first quarter of 2019 results, most of the analysts that cover Deckers (DECK) recommended a “hold” rating. Of the 16 analysts covering the stock on July 27, 81.0% recommended a “hold,” 13.0% recommended a “buy,” and the remaining 6.0% gave it a “sell” rating. Following the company’s results, several analysts have raised their price targets for Deckers.
Under Armour (UAA) posted an adjusted net loss of $34.0 million ($0.08 per share) as it reported its second-quarter results on July 26. While its profitability deteriorated when compared with last year’s net loss of $12.0 million ($0.03 per share), its earnings were in line with Wall Street’s projections. Under Armour hasn’t missed Wall Street’s earnings expectations in the last six consecutive quarters.
NEW YORK, July 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of TopBuild ...
LONDON, UK / ACCESSWIRE / July 27, 2018 / If you want access to our free earnings report on Skechers USA, Inc. (NYSE: SKX) ("Skechers"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SKX. The Company released its financial results on July 19, 2018, for the second quarter of the fiscal year 2018 (Q2 FY18). The Company registered a growth of 10.6% in its net sales in Q2 FY18, meeting market consensus estimates.
Skechers (SKX) is covered by 12 Wall Street analysts who have a “positive” to “neutral” view on the company. Skechers received a rating of 1.9 on a scale of one (“strong buy”) to five (“sell”).
Skechers’ (SKX) weak second-quarter results and disappointing guidance were followed by rating cuts and target price revisions from Wall Street analysts. Susquehanna lowered Skechers to “neutral” from “positive” on July 20 and reduced the target price from $40 to $26. Wells Fargo also downgraded Skechers from “outperform” to “market perform,” and lowered the target price to $24 from $40.
Skechers (SKX) missed the same-store sales and bottom-line expectations when it reported its second-quarter results on July 19. Management also lowered the guidance for the third quarter, which disappointed investors and dragged the stock down as much as 35% on July 20.
Skechers (SKX) disappointed investors when it reported its second-quarter results on July 19. While the company managed to meet the top-line expectations, it fell short of the same-store sales forecast. The company’s bottom line didn’t meet the expectations.
The total revenues were $1.13 billion—in line with the consensus expectations and at the middle of management’s guidance range of $1.12 billion–$1.145 billion. “With the resurgence of retro looks and Skechers D’Lites, we are the originator of one of the hottest trends in footwear,” said Robert Greenberg, Skechers’ CEO. “We achieved another record sales quarter and continued to see significant growth in our subsidiary and joint venture businesses, which resulted in record sales of $2.38 billion over the first six months of the year,” added David Weinberg, Skechers’ COO.
Skechers (SKX) saw a bloodbath in the stock market on July 20. The company disappointed investors with its second-quarter results. The results were released after the market closed on July 19.
Ryan McQueeney and Brian Bolan, Zacks' resident growth guru, debate the latest headlines and market sentiment surrounding trending stocks like Amazon (AMZN), Tesla (TSLA), Skechers (SKX), and Dropbox (DBX).