|Bid||18.03 x 3200|
|Ask||18.46 x 1000|
|Day's Range||18.09 - 18.80|
|52 Week Range||11.40 - 24.69|
|Beta (3Y Monthly)||-0.55|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.14|
Well there's no Winter Olympics to enjoy this coming year, but Lindsey Vonn is coming off her time at Pyongyang with a bronze medal. Now she's partnering with Chase Ink on a small business collaboration. She joins Yahoo Finance's Seana Smith, Dan Roberts and Dion Rabouin to discuss.
It could be a good time to take a fresh look at Under Armour stock as a contrarian bet—before margins improve and Wall Street warms to the turnaround plan.
On October 18, footwear manufacturer Skechers (SKX) reported mixed third-quarter earnings results, with its earnings beating estimates but its top line falling behind. Skechers stock was up 8.8% in after-hours trading on the day. Skechers stock has fallen ~31% year-to-date as of October 18.
Skechers (SKX) is covered by 13 Wall Street analysts who have positive and neutral views on the company. The company is rated 2.4 on a scale of 1 (strong buy) to 5 (sell). Its ratings have deteriorated over the past six months, as an increasing number of analysts have turned bearish on the stock. The company was rated 1.5 in April and 1.7 in July.
Skechers (NYSE:SKX) is the forgotten little brother in the athletic apparel game. The chunky/ugly/dad sneaker trend is in, and Skechers is at the forefront of this rising trend. Strong numbers and a strong guide will easily propel SKX stock higher, given that the stock is trading near 52-week lows and at just 15X forward earnings.
A rising tide of forces is boosting costs and squeezing profit margins across corporate America. The main drivers behind this trend are Fed rate hikes, higher labor costs, inflation, and what many experts expect to be a slower economy next year.
Nike will continue to race ahead in the sneaker space as it aggressively expands its digital presence, according to Oppenheimer.
Can Skechers Hit Its Stride in Q3 2018? ETF investors seeking to add exposure to SKX can consider the Invesco S&P Mid-Cap 400 Pure Growth ETF (RFG), which invests ~1.3% of its portfolio in the company.
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It almost seems like executive changes are the norm at Under Armour Inc. these days. A number of Under Armour's senior managers have come and gone since July 2017, when Patrik Frisk came onboard as president and chief operating officer. Kerry Chandler, formerly the Baltimore sportswear maker's chief human resources officer, became the latest person to leave when she announced her departure late Monday.
BALTIMORE , Oct. 16, 2018 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) plans to release the results of its third quarter (ended September 30, 2018 ) on Tuesday, October 30, 2018 at 6:55 a.m. ET . ...
Kerry Chandler's departure comes as Under Armour has seen a high amount of turnover in its senior leadership amid a companywide shakeup.
As of October 12, VF Corporation (VFC) stock has increased 18.1% YTD (year-to-date) to $87.43. Meanwhile, Hanesbrands (HBI) and PVH Corp (PVH) have fallen 21.8% and 8.1%, respectively. VF Corporation is a leading name in the apparel manufacturing space.
The arrival of Tanger is a major step forward for a $1.7 billion development most recently in the news in May, when Ikea scrapped a nationwide expansion that included a store at this project.
The most common way of doing this used to be to declare that what was a carmaker, insurance company, or bank was now a technology company. Under Armour, which makes sportswear, Jaguar Land Rover, which makes vehicles, and financial institutions such as Capital One, Goldman Sachs and JPMorgan Chase have made such statements in recent years. “Anybody that’s going to live in the future better be [here],” said Under Armour’s chief executive Kevin Plank when asked to explain his presence at the tech-heavy Consumer Electronics Show in 2016.
Shares of Adidas (ADDYY) have cooled recently after an impressive two-year run. But the German sportswear giant looks like a strong buy at the moment as it continues to perform well against rival Nike (NKE).
Olympic skier Lindsey Vonn, who says she's retiring from competition next season, tells Yahoo Finance her retirement plan in business.
Such is the case with Under Armour (NYSE:UAA) and Nike (NYSE:NKE), if you use a fully hedged, options-based pairs trade on UAA stock and Nike stock. Some may see Under Armour as being between a “rock and a hard place”. Since topping out in early June near $25, UAA stock has been sacked on the price chart.
Under Armour (NYSE:UAA) became a hyper-growth apparel company and Wall Street darling in 2014-15 for one big reason: NBA superstar Stephen Curry. The superstar guard signed a multi-year endorsement deal with Under Armour in what many insiders viewed as a perfect marriage of underdogs. Curry won two NBA MVP awards and his Warriors team notched the best regular season record in NBA history, while winning three championships.
In any market — bull or bear — investors can always find turnaround stocks to buy. Chipotle Mexican Grill (NYSE:CMG) more than doubled this year (in a little over six months) thanks to a new CEO and simply some progress in fixing its myriad issues. Or has the company fallen behind to a point where it can’t catch up?
Most of the apparel sector stocks were deep in the red on October 10. European fashion giant LVMH-Moet Hennessy Louis Vuitton has a cautious view on China.
Under Armour, Inc.'s ( UAA) stock has already fallen by 24% from its 2018 highs but now the stock appears poised to drop by another 12% from its current price of around $18.25 based on technical analysis. The bearish technical charts come ahead of what analysts expect to be a weak third quarter. The stock is now trading below technical support of $18.70.
"This isn’t about a shoe deal," Embiid said. "I mean, listen ... I’m gonna make sure they design some shoes as pretty as I am. Don’t worry about that. We’re gonna take care of that."
Nike’s 30th anniversary of the "Just Do It" campaign that prominently featured Colin Kaepernick resonated strongly with 18-34-year-old men and Nike consumers that spend $300 or more annually, but it may have alienated Nike consumers earnings over $100,000 per year, Kernan said. Among male respondents, 36 percent said their first choice of a replacement brand is adidas AG (ADR) (OTC: ADDYY) at 36 percent. With female respondents, the replacement brand of choice was Under Armour Inc (NYSE: UAA) at 23 percent.