|Bid||21.57 x 700|
|Ask||21.57 x 100|
|Day's Range||21.40 - 21.89|
|52 Week Range||11.40 - 24.69|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.27|
Facebook, Amazon, Google, Twitter, and McDonald's will be among the notable companies set to report earnings this week, which will be one of the busiest earnings weeks of the year.
Two strong quarters, an improving product line, and management initiatives directed towards reducing inventory burden have boosted Under Armour’s (UAA) stock price in 2018. Its stock has gained more than 50% YTD (year-to-date). However, those gains have come after a 50% and 30% fall in 2017 and 2016, respectively. UAA is among the top S&P 500 stocks this year and the best S&P 500 apparel stock.
As discussed, Under Armour (UAA) is scheduled to report results for the second quarter of 2018 on July 26. Wall Street has predicted a net loss of eight cents per share as compared to a net loss of six cents per share in the same quarter last year. The company achieved break-even levels during the first quarter with EPS (or earnings per share) of $0.00.
Analysts are concerned that Under Armour’s high inventory levels will hurt the brand, a worry that they’ve had for some time.
G-III Apparel (GIII) adopts strategies to expand product portfolio and make itself a diversified apparel and accessories company.
Under Armour’s (UAA) total sales improved 6.1% YoY (year-over-year) in the first quarter of 2018 to $1.18 billion. UAA’s management expects the same kind of growth for the second quarter. For full fiscal 2018, the management has projected a low-single-digit increase in total sales.
Under Armour’s (UAA) top line expanded 3% YoY (year-over-year) in fiscal 2017 to $4.97 billion in comparison to an average of 30% growth between fiscal 2011 and fiscal 2016. The slowdown has been a result of the increasing competition from German rivals Puma and Adidas (ADDYY), who took North America market share from Under Armour, as well as Nike (NKE), as customer preferences have trended away from performance wear towards casual wear. The company is taking initiatives like reducing the lead time between product development and sales, adjusting the product variety to suit customer preferences, making appropriate decisions on the product sale location, and coming out with innovative products that appeal to customers.
Under Armour (UAA) is slated to report results for the second quarter, which ended on June 30, before the market opens on Thursday, July 26. Wall Street has projected a net loss of $36 million, or eight cents per share, on total sales of $1.15 billion, which would be a 5.5% increase YoY.
V.F. Corp (VFC) tops earnings and sales estimates for first-quarter fiscal 2019, driven by solid trends at its core brands and contributions from acquisitions.
Jefferies' Randal Konik recently surveyed some 200 retailers about footwear trends, and the data he came away with toughens up his bull case for Under Armour (UAA). Konik writes that the percentage of Under Armour's product on discount was down again this month, for the fourth straight month.
British retailer Sports Direct (SPD.L) booked an 85.4 million pound charge for a disastrous investment in department store chain Debenhams (DEB.L), raising questions over its strategy of taking big stakes in other businesses. The Debenhams hit took the shine off a better-than-expected jump in Sports Direct's core earnings in 2017-18, sending its shares down as much as 11.6 percent on Thursday. Some 61 percent of Sports Direct's equity is owned by its billionaire founder and chief executive Mike Ashley, who also owns Premier League soccer club Newcastle United.
Shares of Lululemon (LULU) have skyrocketed over the last year as the company regains its strong footing in the seemingly ever-growing athleisure market. So let's see why the yoga apparel giant that is grabbing market share from giants like Nike (NKE) and Adidas (ADDYY) looks like a strong buy stock at the moment.