18.70 -0.14 (-0.74%)
After hours: 5:15PM EDT
|Bid||18.80 x 1300|
|Ask||18.93 x 800|
|Day's Range||18.29 - 18.97|
|52 Week Range||10.36 - 22.68|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 25, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.00|
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into what to expect from Nike's (NKE) fiscal Q1 financial results. Rains then evaluates the latest announcements from Gap (GPS) and Under Armour (UAA) aimed to help them better compete in a changing retail environment.
J.P. Morgan upgraded Under Armour (UAA) to “neutral” from “underweight” on September 21 after the sportswear maker announced another round of job cuts and raised the forecast for its adjusted profit.
Nike Inc (NYSE: NKE) is the preferred apparel brand for Gen Z members and millennials, according to a new study. The sportswear giant, now the best performing stock in the Dow in 2018, trumps its competitors in the 13-19, 20-29 and 30-39 age range, particularly due to the authenticity of the brand's image, according to a study conducted by youth research firm Ypulse. “It’s a clean sweep for Nike across the three sub-demos we looked at.
The S&P 500 and Nasdaq Composite also surged on Thursday, but weekly gains were more modest. The stock market’s upward trend has coincided with a pause in the U.S. dollar’s climb and a recent spike in government-bond yields, a signal investors are viewing next week’s expected increase in interest rates from the Federal Reserve as a testament to the strength of the economy. Among individual stocks, Hennes & Mauritz AB shot up 17% on Monday after the parent company of fast-fashion retailer H&M posted stronger-than-expected quarterly sales figures that validated its turnaround efforts.
Shares of Under Armour jumped more than 9% in two days after the company announced an additional 400 job cuts as part of its broader restructuring program. Under Armour has soared more than 43% year-to-date, but this follows a rocky 2017 that saw the company fall more than 50%. Shares of Under Armour UAA have jumped more than 10% in the past two days after the company gave an update on its restructuring plan.
As Under Armour updates the Street on its restructuring plan, investors and analysts are split on whether the company can deliver.
Under Armour Inc. (NYSE: UAA )’s recent multiyear margin initiatives under new President and COO Patrik Frisk spurred an upgrade from JPMorgan Friday. The Analyst Analyst Matthew Boss upgraded Under Armour ...
While not completely devoid of drama, Nike stock has dominated the athletic footwear and apparel market. All of this is a net positive for NKE stock, as the underlying company is set to release its fiscal first-quarter 2019 earnings report early next week. Let’s get right to it: the most anticipated component of the Nike stock earnings disclosure is NFL quarterback Colin Kaepernick.
Under Armour (UAA) plans to lay off 400 jobs as part of its ongoing restructuring process that will lead to higher-than-expected restructuring cost. Also, the company has raised its bottom-line view.
Under Armour (UAA) shares rose 6.6% on September 20, which made it the top gainer in the S&P 500 Index. The company updated its restructuring plan and guidance. Under Armour announced a 3% cut in its workforce—the second round of job cuts for the company after it cut 277 jobs last year. The company expects annual savings of ~$75 million from the restructuring plan beginning in fiscal 2019.
NEW YORK, NY / ACCESSWIRE / September 21, 2018 / Skechers shares closed in the red yesterday as an analyst with Cowen & Co. lowered his rating on the company to “market perform.” Shares of Under Armour were soaring higher on news that the company is slashing roughly 3% of its workforce. Skechers U.S.A., Inc. shares were down 4.53% yesterday on about 6.5 million shares traded. Shares took a tumble after a Cowen & Co. analyst downgraded the stock.
Under Armour Inc. is cutting about 400 jobs globally as the company continues to slash costs to combat weak sales of its athletic apparel. The sportswear company said Thursday that it was reducing its workforce by about 3%, which a company spokeswoman said comes out to about 400 employees. Under Armour expects the workforce reduction to be finished by the end of March.
Major benchmarks closed at record highs on a historic day on Wall Street. Under Armour rose after announcing workforce reductions, while Red Hat fell following the release of its latest quarterly results.
Trade-sensitive industrial stocks led the Dow Jones Industrial Average to a record closing high on Thursday, the last of Wall Street's main indexes to fully regain ground since a correction that began ...
Stocks that moved substantially or traded heavily Thursday: Under Armour Inc., up $1.24 to $20 The athletic gear maker raised its profit forecast and said it will cut 400 jobs. Thor Industries Inc., down ...
Technicals improved as the Nasdaq rose above 8,000, a recent resistance point. Meanwhile, the Dow and the S&P 500 pegged new highs on their stock charts.
The Dow Jones Industrial Average was the last among Wall Street's main indexes to regain record territory on Thursday as technology companies led a broad-based rally and trade worries faded. Tech stocks lead all three major U.S. indexes higher, with the S&P 500 also hitting a new high.
Ryan McQueeney recaps morning news involving Under Armour, Nvidia, General Electric, and Red Hat. Later, he is joined by momentum guru Dave Bartosiak to discuss the Dow hitting a new all-time high and to speculate over where our major indexes might finish the year.
Under Armour ends the day higher after JPMorgan analyst Matthew Boss upgraded shares of the athletic apparel maker to Neutral from Underweight and raised his price target to $20 from $16 per share.
Let's check out the Yahoo Finance charts of the day. Under Armour (UA): Shares are up in early trade, at around 2.7%. J.P. Morgan upgraded Under Armour stock to "neutral" from "underweight". The firm said it believed the athletic apparel maker will meet consensus earnings estimates for fiscal 2018-2019. American Airlines (AAL): Shares up here, 2.9%. The airline is the latest to raise their checked bag fee by $5 joining United Continental, Delta Airlines and Jet Blue. The first checked bag will be $30 and the second bag will be $40. Medtronic (MDT): Shares down here, around .24%. Medtronic has reached a deal to acquire medical device maker Mazor Robotics for about $1.64 billion in cash. The company is focused on strengthening its provision of technology for robotic-assisted spine surgeries. 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.