|Bid||0.00 x 3100|
|Ask||0.00 x 800|
|Day's Range||21.36 - 22.21|
|52 Week Range||15.60 - 24.96|
|Beta (3Y Monthly)||0.68|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.00|
Shoe giant Nike gears up to report financial results after the bell, and legendary denim brand, Levi's, goes back on the public market on Thursday.
Heading into its Q3 fiscal 2019 earnings report, which is due out after the closing bell Thursday, Nike is a Zacks Rank 2 (Buy). So, let's see what to expect from the company's third quarter financial results, including North American and Chinese sales.
Nike Gears Up to Deliver Its Q3 2019 Results(Continued from Prior Part)Nike’s forward PE multiple On March 18, Nike (NKE) was trading at 12-month forward PE multiple of 28.7x. The company’s valuation multiple has risen 24.3% since its
Under Armour, Inc. (UAA) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Levi Strauss & Co. is expected to list nearly 37 million shares on the New York Stock Exchange under the ticker symbol LEVI. The offering allows the founder's family to cash out a portion of its stake. This week denim lovers will get the opportunity to invest in more than just a pair of Levi 501s.
Under Armour Inc (NYSE: UAA) announced Monday that it hired Kasey Jarvis as its new chief design officer, replacing longtime designer Dave Dombrow, who focused on mainly footwear development. The change in design leadership is a clear acknowledgement that UAA’s creative output was sorely lacking and needed repositioning, Lyon said in a Monday note, reiterating that this has been Canaccord's contention all along and the main reason for its Sell rating.
Nike Gears Up to Deliver Its Q3 2019 Results(Continued from Prior Part)Revenue expectations Nike (NKE) has exceeded analysts’ revenue expectations for the last five consecutive quarters. The company’s revenues rose 9.7% and 9.6%, respectively, in
Prestige Consumer (PBH) struggles with soft international and North American businesses. However, it is focusing on empowering healthcare brands.
Nike Gears Up to Deliver Its Q3 2019 ResultsYTD movementFootwear and apparel maker Nike (NKE) is scheduled to report its earnings results for the third quarter of fiscal 2019 (which ended on February 28) after the market closes on March 21. Nike
To the company's credit, Adidas (OTCMKTS:ADDYY) managed to convince investors that its disappointing 2019 outlook wasn't quite as bad as it initially seemed, unwinding the stumble Adidas stock took in the middle of last week.Source: Shutterstock Still, the athletic apparel and footwear maker is fighting an uphill battle, including against rivals like Nike (NYSE:NKE) and Under Armour (NYSE:UAA, NYSE:UA), that investors may want to sidestep until there's more certainty in its story. Its plans may or may not pan out as well as hoped, or take shape as soon as hoped.Never even mind that ADDYY stock is still dancing with a turn out of 2018's uptrend into a downtrend.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Small-Cap Stocks That Make the Grade Looking AheadOn Wednesday, Germany-based outfit Adidas reported its fourth quarter and full year results. Currency-neutral revenue grew 8% in 2018, boosting margins higher to the tune of 110 basis points, to 10.8%. Operating income was up 20%.Investors, however, were less than thrilled with what the company said lies ahead.For 2019, Adidas anticipated revenue growth of between 5% and 8%, held back by (among other things) supply chain woes.The first half of the year now underway will see even slower growth before accelerating, as the company reconfigures capacity to accommodate solid demand in North America, where Adidas has doubled the size of its business in just three years.Adidas CEO Kasper Rorsted put it like this:"Right now there is no way of mitigating it [the impact of supply chain problems], but if you look at the overall outlook we're still looking at a 10 to 14 percent net earnings growth which is very strong, (and) taking the margin to 11.5 (percent) in 2019, which was the original target for 2020… so we're pretty much one-year ahead of our plan and our targets for 2020." Doubts Remain over Adidas StockNot all analysts are convinced the company will be able to snap out of its slowing growth trend, however.Wedbush analyst Christopher Svezia noted following the posting of the Adidas' 2019 outlook:"Adidas is facing aggressive competition from brands small and large, including Nike, which is expanding the market [and] gaining share in the company's home turf. Furthermore, positive reception of new merchandise is also not a given, particularly in the face of intense competition from the likes of Nike, Puma, Champion and more."Adidas CEO Kasper Rorsted even conceded, "There's no doubt that the bigger competitor [Nike] has come back," during the conference call, acknowledging that Nike's 8.5% improvement in North American sales last quarter was a clue that the iconic Nike had reclaimed some of its past mojo.Perhaps worse, European sales were off by 6% last quarter, while Nike mustered 8% growth in Europe, the Middle East and Africa. Adidas gets roughly one-third of its business from Europe.Whatever Adidas is going to do, it must do more of it, and do it faster. Adidas Stock to Drive RhetoricThe data and outlooks paint a mixed picture for current and prospective owners of Adidas stock. This is a scenario, however, where the headlines may be guided more by the stock's action than the stock is guided by headlines.And, ADDYY stock has quietly been transitioning out of an uptrend and toying with the prospect of a sizable pullback.For the past twelve months, Adidas shares have made no net progress. During that period though, the stock has logged its first lower low and lower high since 2014, officially ending a rally that's coincided with the company's North American rival. The stock's slowdown preempts the headwind rooted in nearing its maximum potential in North America and its declining sales in Europe. Click to EnlargeThe waning pace of progress may also reflect the market's perception that Adidas is losing an edge against Nike.Cowen managing director John Kernan suggested that innovation could restore a more Nike-like valuation premium for Adidas stock. Kernan even thinks that could happen."We think (Adidas head of global brands) Eric Liedtke and team are ready to step up innovation, as Prophere, Deerupt, Solar Boost, POD and Pure Boost look promotional and less competitive to us," he said.If ADDYY shares end up making a lower low, however, it will be the market's way of saying it believes Adidas continues to lose ground to its rivals. A breakdown could make the narrative turn decidedly bearish.In other words, pay as much attention to the chart as the headlines themselves. The company raises more questions than it answers, and its revival efforts may or may not get the full traction they need.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Adidas Stock Is Going Sideways or Lower for the Foreseeable Future appeared first on InvestorPlace.
Shares of Nike (NYSE:NKE) have roared higher over the past three months as investor confidence has returned to financial markets. After the shares dropped to $68 in mid December, NKE stock has rallied nearly 30%, and done so with essentially zero volatility (the biggest drop in the last three months was a 2% slip in early March).This rally in Nike stock is about to get a gut check with its after-the-bell earnings report on Thursday. If those numbers are good, that will confirm the legitimacy of that three-month NKE stock rally and the shares should remain on an uptrend. If they aren't good, the opposite could happen. Investors will question the legitimacy of the big 2019 rally. They will sell. The stock will drop.So, here's the big question: will the numbers be good?InvestorPlace - Stock Market News, Stock Advice & Trading TipsThey should be. All signs point to the thesis that Nike continues to fire on all cylinders in a still red-hot global athletic apparel industry. As such, the quarterly numbers should be good. They should confirm the stock's big year-to-date rally. Importantly, they should keep Nike stock on a winning path.Investment game-plan? Stay the course with this long-term winner. If it pops after earnings, stick with the rally. If it drops, add on the dip. In the big picture, NKE stock remains a buy-and-hold move for the long haul. Nike Is (Still) Firing On All CylindersThe big rally in Nike stock over the past year has been powered by one big picture idea: Nike is firing on all cylinders again. Long story short, after ceding share to smaller athletic apparel players in 2015/16, Nike has punched back in 2017/18, and won back almost all of the share it lost in the previous two years. As the company has done this, Nike stock has run up to new all-time highs. * 15 Stocks That May Be Hurt by This Year's Big IPOs Key evidence supporting this narrative? Here are the important data points: * Domestic and global search trends remain healthy and imply strong year-over-year growth in brand interest and awareness. * Web traffic share remains stable, and Nike remains the number one sports shopping website globally. * Foot Locker (NYSE:FL) just reported a robust double-beat quarter that included impressive 10% comparable sales growth. Essentially 70% of Foot Locker's product is Nike product, so Nike stuff is clearly selling well. Further, Foot Locker management said on the conference call that both Nike and Jordan were very healthy during the quarter. * Dick's Sporting Goods (NYSE:DKS) didn't report great holiday quarter numbers. But, management did say several times on the conference call that they were very enthusiastic about the Nike brand because of the product Nike is bringing to market. * Both Skechers (NYSE:SKX) and Under Armour (NYSE:UAA) reported strong quarterly numbers recently that revealed two common themes: stabilized global revenue growth and big gross margin improvement. Broadly speaking, these reports imply that the global athletic apparel space remains hot, and that competitive pressures in the market are easing and allowing for margin expansion.Overall, it appears that Nike is set to report strong quarterly numbers. The company is firing on all cylinders in a red-hot athletic apparel industry that is benefiting from broad revenue growth and margin improvements.Nike's quarterly numbers will look something like high single-digit revenue growth and healthy margin expansion. Those numbers will be more than good enough to keep Nike stock on a near-term winning trajectory. Nike Stock is a Long-Term WinnerIn the big picture, Nike stock is a buy-and-hold stock for the long run. Why? Because Nike has dominated the secular growth athletic apparel industry for the past 20-plus years, and will continue to do so for the foreseeable future. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% There are two big pieces here: One is that the athletic apparel space will continue to grow over the next several years. Broadly speaking, lifestyle apparel continues to converge on athletic apparel and power robust growth across the whole crossover athleisure category. This is a byproduct of consumers globally wanting to lead more active, fit, and healthy lifestyles, as well as be more comfortable and casual in everyday wear. Thus, so long as those trends persist, the athletic apparel space should continue to grow its share of the global retail pie over the next several years.The other is that Nike is the king of this space, has been for a long time, and will remain so for the foreseeable future. Time and time again, competitive threats emerge to challenge Nike's dominance. Every time, Nike punches back, neutralizes the threat, and proceeds to only extend dominance. Just look at Under Armour and Adidas (OTCMKTS:ADDYY), once-red-hot athletic apparel brands that have cooled dramatically over the past several quarters as Nike has fought back.Overall, then, expect Nike to remain the leader in a secular growth category for a lot longer. So long as Nike maintains this leadership position, Nike stock will head higher. Bottom Line on NKE StockNike stock is a long-term winner that's firing on all cylinders right now. That positions the stock favorably heading into this week's earnings report. It seems like good numbers are already mostly priced in, so you might not get a big post earnings pop in NKE stock, but that doesn't matter. What does matter is that strong numbers will keep Nike stock on a long-term winning trajectory.As of this writing, Luke Lango was long NKE, FL, and SKX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Nike Stock Rally Could Be Tested With Thursday Earnings … Or Not appeared first on InvestorPlace.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains details what to expect from Nike's (NKE) third-quarter fiscal 2019 financial results that are due out after the closing bell on Thursday, March 21.
Under Armour has more schools in the NCAA men's basketball tournament than rival Adidas for the second consecutive year but still trails Nike.
Like sports analysts are betting on the NCAA tournament winners, investors are looking for stocks that are likely to make the most. Here are a handful.
Kasey Jarvis will start at Under Armour in early April, succeeding Dave Dombrow who recently departed the company.
BALTIMORE, March 18, 2019 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) today announced the appointment of Kasey Jarvis as its new Chief Design Officer. With nearly 20 years of experience in apparel, footwear, equipment, industrial and automotive design, Jarvis brings proven talent and expertise to the company. "We are thrilled to welcome Kasey to Under Armour.
When it comes to investing in apparel, buying the right stocks may prove tricky. If consumers change their tastes, if fads change or if the company has one bad quarter, the stock could fall on hard times. With Nike, Inc. (NYSE:NKE), none of those things happened.Source: rodrigofranca via Flickr The stock is already up 15% in 2019 and may break above its 52-week high of $87.99. Though the stock is above average value on a price-to-earnings basis, it is less expensive than those in its asset class. Hence, the case can be made to invest in Nike stock, even though it is at the highs. * 5 of the Best Stocks to Buy Under $10 In its most recent second-quarter report, Nike reported earnings of 52 cents per share and total revenue of $9.37 billion, beating consensus estimates. The 9.6% year-over-year revenue growth is impressive because the company continues to drive strong results every quarter. Nike attributed the solid results to its ambitious digital transformation. Momentum in both North America and its international markets added to the growth. It sets in motion another strong 2019, as gross margin expands and share count falls. March 21 Earnings ReportNike succeeded in the last quarter despite increasingly challenging macro headwinds. But its investments back in the business, particularly in digital transformation, is driving profitability. The company grew revenues across all of its geographies and in NIKE Direct. NIKE Direct, its direct-to-consumer brand, aims to harness its customer data to tailor a unique experience.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat strategy is working.In the upcoming earnings report, expect the company to report gross margin expansion. Last quarter, gross margins increased 80 basis points to 43.8%. Higher average selling prices and margin expansion from NIKE Direct lifted gross margin. Higher costs, which increased by 18% to $2.2 billion, may limit profit growth in the coming quarter. Yet, since the December period is traditionally the strongest due to the holiday season, revenue may come in stronger than expected. EPS Estimate and OutlookAnalysts have an average EPS estimate of 63 cents, compared to a 68 cents EPS last year. Bears are willing to bet against Nike, as shares climb back to previous highs. Short interest jumped from 7.12 million shares on Jan. 30 to 10.27 million shares by Feb. 14. While the dividend yield rate is falling toward 1.00% and the P/E ratio is climbing to 28-35, Nike may still beat consensus estimates.Nike forecast that gross margin will be better in the second half of the year. Investors should note that the last quarter was historically its lower margin period. The upcoming Q3 and Q4 periods will benefit from the higher margin. Catalysts AheadInvestors should not look only at the upcoming EPS when deciding if NKE stock is a buy. The stock needs positive catalysts that will lift its profitability in 2019 and beyond. As already mentioned, the digital transformation is the first big catalyst. Consumers expect more from sportswear and the macro-economy is getting even more volatile. By embracing digital solutions to increase operating efficiency, Nike is positioned to disrupt its own business.Product innovation is another catalyst. Bringing new, exciting products is nothing new for Nike, but the company accelerated the pace at which it brought new concepts to products sold to customers.In the shoe segment, Nike's Element 55 and Element 87 will bring in big revenue. If the products resonate with customers in the running and basketball shoe market, sales for these specific models will perform well this year. Last quarter, Nike's innovation for VaporMax, Air Max 270, React, and ZoomX had driven over 80% of Nike's incremental growth. Similar StocksCrocs (NASDAQ:CROX) trades at a deeper discount than Nike, with a forward P/E ratio of 18, compared to Nike's 27. Be careful: the stock topped $31.88 in January and is on a downtrend.Under Armour, Inc. (NYSE:UAA) is valued at ~45 times forward earnings. Its quality footwear and clothing compete with Nike goods. Takeaway on NKE Stock * 7 Single-Digit P/E Stocks With Massive Upside Nike has strong, positive momentum ahead of its earnings report. The stock could move higher if it beats expectations and gives investors a strong outlook. Value investors may want to sit on the sidelines because the stock is not at a discount. Then again, NKE stock rarely goes on sale.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post Nike Might Blast Higher After Its Earnings Report appeared first on InvestorPlace.
Dick’s Sporting Goods shares fell after the company announced earnings that were hurt by the Under Armour brand and the hunting category.
It's been a turbulent year for Nike (NYSE:NKE) stock after the firm found itself in the spotlight following a polarizing ad campaign. However, after a high-profile sneaker malfunction failed to drag Nike stock lower in February, it looks like the firm is back on solid footing.Now many are wondering if Nike stock will climb further or if they should wait for another pullback before buying shares. * 15 Stocks That May Be Hurt by This Year's Big IPOs Sneaker BlowoutSource: Shutterstock In February, college basketball player Zion Williamson was forced to leave the court during a game after his Nike sneaker came apart. The incident initially took Nike stock marginally lower, but investors kept a level head and NKE stock made it through the week relatively unscathed. InvestorPlace - Stock Market News, Stock Advice & Trading TipsMany were expecting Nike stock to suffer a significant pullback following the sneaker incident, particularly since the stock market has been extremely jittery recently. However, traders kept a level head regarding the incident, and NKE stock did not dip meaningfully. On the bright side, the fact that Nike stock did not suffer a major selloff suggests the jittery market could be starting to settle down. On the other hand, investors didn't get the opportunity to buy NKE stock on a dip, which begs the question; Should investors buy Nike stock right now? Premium PricesPart of the reason investors want to own Nike stock is the fact that, despite multiple challenges over the past decade, NKE has maintained its place as top dog in the athletic-wear industry. Nike has managed to position itself as a premium brand, giving NKE pricing power and allowing it to grow its apparel and footwear businesses throughout the world. The firm's large size and huge geographic reach have been a security blanket for investors because these advantages will prevent the company from being flattened by a slowdown in a single category or market. NKE Is Emphasizing WomenMoving forward, NKE is making a big bet on the women's athletic-wear market by supporting 14 national teams in the FIFA Women's World Cup over the summer. Nike is designing new team uniforms, and plans to unveil a new line of innovative womenswear inspired by the World Cup apparel. In addition to marketing clothing inspired by the Nike-sponsored World Cup apparel, NKE is also planning to unveil a high-tech-sports bra this summer. The firm's upcoming ad campaign will focus on women and feature female athletes, including tennis star Serena Williams. Why NKE Has to Focus on WomenNike's decision to focus on womenswear is no accident; the firm has been under scrutiny recently after several of its top executives left the company, due to issues with its corporate culture. In a New York Times article, current and former employees alleged that the firm has issues with sexism and gender discrimination. Those allegations cast the company in an unflattering light.Rumors about sexism at NKE are bad for its business, especially considering that women drive between 70% and 80% of overall consumer purchasing. That's because, in addition to making their own purchases, women also influence the purchases of others in their household. Essentially, if consumer-product makers don't appeal to women, they're sunk. The Valuation of Nike StockCompared to its peers like Under Armour (NYSE:UAA) and Lululemon (NASDAQ:LULU), Nike stock is relatively cheap, trading at 27.5 times analysts' consensus 2019 profit estimate. Of course, Nike's growth isn't expected to be as strong as that of number of its smaller rivals, but Nike stock does have a 1% dividend yield. The Bottom Line on Nike StockAs athletic retailers go, Nike stock isn't a bad bet; NKE appears to have a stable future, especially now that the market's jitters are calming.If you own Nike stock already, I wouldn't rush to sell it. However, I wouldn't rush to buy NKE stock, either. The bottom line is that retail is a low-margin, fickle business that's heavily dependent on the economy.Unless NKE stock drops significantly, I'd avoid it simply because there are better picks out there in much more promising industries. I'd consider buying Nike stock if bad news takes the shares significantly lower, but until then, it doesn't offer enough upside to make it worth buying. As of this writing, Laura Hoy did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post Nike Stock Is Back on Solid Ground, But Is It Worth Buying? appeared first on InvestorPlace.
WASHINGTON, March 14, 2019 /PRNewswire/ -- The Fair Labor Association (FLA) today announced that its board of directors has accredited the social compliance program of Under Armour, Inc. (NYSE: UA,UAA). The accreditation confirms the company has strong policies and practices in place to set goals, monitor, and remediate problems to improve conditions for the workers within its global supply chain. "I applaud Under Armour's commitment to embedding international labor standards and best practices into its global sourcing operations. The people who make the products that bear Under Armour's name deserve to be treated with dignity, respect, and fairness," said Sharon Waxman, FLA President and Chief Executive Officer.
Under Armour (UAA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.