|Bid||23.56 x 3000|
|Ask||23.61 x 4000|
|Day's Range||22.41 - 23.71|
|52 Week Range||16.52 - 24.96|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||1,684.29|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Reston National Golf Course, the subject of a four-year legal battle over the potential for the site’s residential redevelopment, has been sold to a pair of developers who, at this time, say they don’t plan to change anything. Weller Development Co. and War Horse Cities, both of Baltimore, have closed on the 168-acre Sunrise Valley Drive property, Weller said in a statement. RN Golf LLC, a partnership of Northwestern Mutual Life Insurance and Billy Casper Golf, was the seller.
Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years. The S&P 500 and the Nasdaq suffered their second successive weekly declines after U.S. stocks failed to fully recover from Monday's steep sell-off.
Despite pressure on the overall market, merger and acquisition activity and favorable analyst views lifted these stocks.
Nike rival Under Armour received an analyst upgrade Friday on the athletic gear maker's move to an offensive footing.
JPMorgan Chase & Co. analyst Matthew Boss upgraded Under Armour's stock to "overweight" on Friday after visiting with Plank and other executives earlier in the week at the sportswear maker's headquarters in Baltimore.
JPMorgan’s Matthew Boss wrapped up a series of meetings with top management by citing what he called “controlled confidence” in leadership.
Under Armour news about an upgrade for the company has UAA stock up on Friday.Source: Shutterstock The upgrade for Under Armour (NYSE:UAA) comes from analysts at JPMorgan. These analysts are taking the stock from its previous rating of "Neutral" and increasing it to a new rating of "Overweight."The good Under Armour news doesn't just stop at a stock upgrade. The JPMorgan analysts are also increasing the price target for UAA stock. This new price target is $29 per share. That's a roughly 26% increase over the old price target of $23. It also is about 33% above the stock's closing price of $21.88 on Thursday.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo what is it that has JPMorgan analysts' taking such a bullish stance on UAA stock? The analysts decided to give the stock the new rating and price target after meeting with Under Armour CEO Kevin Plank.According to TheStreet.com, the analysts came away from that meeting with more confidence in the company. The firm also points to the company's revenue growth acceleration and earnings for fiscal 2020 as one of the reasons for the upgrade. This is all positive Under Armour news for investors. * 6 Chinese Stocks That Could Pop On a Trade Deal Under Armour has been working to turn its business around and reduce debt. It looks like those efforts are paying off with this new upgrade and price target from JPMorgan. This is a major change over where the stock was sitting three years ago and maybe signs that it's back to being a solid investment.UAA stock was up 7% as of noon Friday. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Under Armour News: Why UAA Stock Is Climbing Today appeared first on InvestorPlace.
shares jumped Friday after analysts at JPMorgan upgraded the stock to overweight from neutral and raised their price target to $29 per share from $23. The upgrade comes after analysts met with CEO Kevin Plank and came away from the meeting with the impression that the company's management had a tone of "controlled confidence." The firm also lauded the company's "disciplined" fiscal 2020 earnings and revenue growth acceleration.
U.S. stocks slipped on Friday, after three straight sessions of gains, as trade tensions were renewed after Chinese media took a hardline approach to the tariff dispute between the United States and China. The trade war will only make China stronger and will never bring the country to its knees, the ruling Communist Party's People's Daily wrote in a front-page commentary. The two sides are expected to meet in China to resume talks soon.
Shares of Under Armour Inc. jumped 3.5% in premarket trade Friday, after J.P. Morgan turned bullish on the athletic gear maker for the first time in at least three years, following an upbeat meeting with management. Analyst Matthew Boss raised his rating to overweight from neutral, and his stock price target to $29, which is 33% above Thursday's closing price of $21.88, from $23. Boss said the tone from the meeting was "controlled confidence" in the brand's direction, with earnings and revenue growth acceleration driven by the combination of the company's product, innovation and marketing strategy. That follows the company's "shrink phase" aimed at product rationalization, inventory reduction and vendor base consolidation. Boss said Under Armour is now positioned for "multi-year gross margin expansion." The stock has rallied 23.8% year to date through Thursday, while the SPDR Consumer Discretionary Select Sector ETF has climbed 18% and the S&P 500 has advanced 15%.
Check out the companies making headlines before the bell: Deere DE — The heavy equipment maker reported quarterly profit of $3.52 per share , 10 cents a share below estimates. Revenue exceeded analysts' expectations.
U.S. stock index futures dipped on Friday, following three consecutive sessions of gains, as trade worries returned after a Chinese newspaper took a hard stance on the tariff dispute between the United ...
Local companies are creeping closer and closer to Fortune 500 status, but the region remains off the list for the seventh straight year.
Stephen Curry will be joined by several of his fellow NBA players during his annual Under Armour Inc. tour of Asia this summer as the sportswear maker continues to focus on growing sales in the region. Curry, the two-time NBA Most Valuable Player and star of the Golden State Warriors, will participate in clinics and promotional events as part of the four-city, eight-day tour from June 22-29. Fellow endorsers Joel Embiid of the Philadelphia 76ers, Mo Bamba of the Orlando Magic and Dennis Smith Jr. of the New York Knicks will join Curry — the first time multiple Under Armour basketball endorsers participate in the roadshow.
Snap-on's (SNA) robust business model and focus on value-creation processes are key drivers. However, recent softness in sales is concerning the company.
David Gardner and his guests talk about some of the investments that provided them with their best non-monetary takeaways.
Under Armour President Patrik Frisk talked about the debate between performance and "athleisure" wear during a one-on-one interview at Under Armour's new distribution center in Sparrows Point.
Late March, Nike (NYSE:NKE) stock fell almost 10% around its earnings event. Then, I wrote about going long the stock as it would be a winner for the long term. The stock then rallied 11% from low to high. So the traders among us probably locked in some profits as NKE stock set new all-time highs.Source: Alessio Jacona via FlickrSo is it time to sell NKE on this weakness? (It's down another 2% this morning.) No. In fact it is time to reload for another rally similar to the one in April. In March, investors sold Nike stock down for specific reasons. This time NKE is suffering because of the war of words between the American and Chinese politicians.On Friday, the U.S. imposed new tariffs on Chinese goods and this morning China retaliated. So there will be challenges for Nike, but trade war dangers have been telegraphed for over a year. So by now, I'd bet that NKE management has taken necessary precautions to minimize any possible damage -- if there is any possible damage.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is a giant global company that has been through several crisis situations. Nike continues to dominate, so this skirmish is not going to cause sustained harm to NKE's profit and loss statement. * 5 Tech Stocks Getting Crushed Two Fridays ago, the Trump tariff tweet caused a sharp market wide dip that took NKE from $86 to retest $82 per share. As long as this floor holds, it will serve as a strong base for the next rally and therein lies the thesis for today's opportunity. Trading NKE StockNKE stock will make new highs as markets shrug this tariff war tizzy in the next few weeks.While there is fear on Wall Street as we can see from the spike in the CBOE Volatility Index, Friday's price action was bullish. On Friday, the markets shrugged off the new tariffs and the debacle Uber (NYSE:UBER) IPO and rallied from down deep red to green. Clearly the bulls are not dead.As equities reversed course sharply, NKE stock now looks bullish like. So, today's write up is to share that upside potential that could carry it to new highs. There will be some resistance at $84.30, $86, and $88.50 per share.The NKE stock fans are strong. They flexed their muscles to close it green on the day we added tariffs on Chinese imports even though Nike is a global company and is vulnerable to these taxes. Yet it closed + 1.2% on the day when the earth was supposed to flip polarity.Fundamentally, Nike stock is not cheap as it sells at 33 trailing P/E ratio. But it is competitive when you consider that it only sells at three times its sales, which is in line with Apple (NASDAQ:AAPL) and almost half of Alphabet (NASDAQ:GOOGL) .So even though it is near all-time highs, owning NKE shares now for the long term is likely to yield profits. So the decision to buy it now is one that depends heavily on the investor time frame.The bears do have potential as they can cause technical harm if they can break below $81 per share. This would invite momentum sellers to target the $77 area. Although this is not a forecast, it is a possible scenario especially if the Chinese retaliations are more severe than anticipated. * 7 Dividend Stocks to Buy as the Trade War Reignites For those who want to own NKE for the long term, a few bucks above or below current levels are not going to matter much. But for shorter-term traders, you can set triggers and stop losses to find entry points that suit their time frames. Long term, this too shall pass and bulls will win over the bears.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy as the Trade War Reignites * 10 Stocks That Could Squeeze Short Sellers, Including CGC * 5 Tech Stocks Getting Crushed Compare Brokers The post NKE Will Run to All-Time Highs After Near-Term Hurdles appeared first on InvestorPlace.
The hype around sneakers is at an all-time high. The industry has been buzzing for years, evidenced by the rise of sneaker resale platforms, two of which, StockX and Poison , just hit unicorn status; the ...
Prestige Consumer (PBH) posts better-than-expected Q4 results, driven by solid consumption trends. For fiscal 2020, it is on track to reduce debt.
Lululemon (NASDAQ:LULU) is a Canadian company that launched in 1998 and has taken North America by storm. And in this case, it's a huge swath of American women, who have built the new althleisure movement.Source: Shutterstock Traditionally, most athletic wear was usually built for function more than form. But that started to change in the 1980s. Whether it was hip-hop stars, Russian mobsters or stay at home moms, it seemed everyone was adopting warm-up suits as a form of leisurewear.LULU took it to the next level. As the Gen Xers started to get older, their idea of an active lifestyle left the tennis court or aerobics class and was branching out into spinning and yoga. And these new activities called for a rethinking of athletic wear, something that you would be supportive in the gym but also attractive and comfortable outside it. And new fabric technology changed the baggy tracksuit into a form-fitting sheath.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLULU also began to make this new "athleisure" wear more feminine as well. And this was what really started to separate it from the mass market products around. * 10 Stocks That Could Squeeze Short Sellers, Including CGC And that niche has belonged to LULU ever since. What's more, because it was less available and higher quality, there was an inherent mystique about it that continues to this day. It's like the Apple (NASDAQ:AAPL) of athleisure.Nowhere is that more obvious than LULU stock. Its July 2007 debut had the stock in the low teens. It doubled by late 2010. Now the stock is trading around $174. In the past 12 months, LULU stock is up 77% and my Portfolio Grader still rates it an A -- a strong buy.What's more, even with that kind of outsized growth, Lululemon stock is still trading at a trailing price-to-earnings ratio of 48. That's pretty impressive. Usually a company with this kind of growth, market dominance and name recognition would be at a P/E far above its growth rate. The Truth Behind LULU Stock's GrowthOne thing that has kept LULU stock and company on this growth trajectory is the fact that it only sells direct to consumer, either online or in its stores. This gives it generous margins, allows it to sell higher quality products and keeps its pricing where it needs to be to keep those margins strong.Recently LULU has announced that it's introducing an annual membership model, launching a line for men and children, and most recently announced that it's going to start making its own shoes.Select stores sold a line of APL shoes since 2017, but now it seems that LULU is serious about selling its own branded shoes. It also expects to double revenue from its men's line as well as boost its ecommerce sales, sooner rather than later.As long as the economy continues to expand, LULU is in a great place. Many younger men and women are more interested in quality over quantity, so a couple of pairs of Lululemon products are preferable to a closet or drawer full of lower priced, lesser quality products.And given its high-end branding, LULU is going to give the bigger players like Nike (NYSE:NKE) and Under Armour (NYSE:UAA, NYSE:UA) a run for their money.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post The Real Reason Lululemon Stock Keeps Reaching Higher appeared first on InvestorPlace.
Armour Inc. (NYSE: UA) has been a leading performer in the performance apparel space since its 1996 launch. The Baltimore-based company made a splash with its lines of sportswear and accessories made from synthetic microfibers that help regulate body temperature and improve athletic performance.