|Bid||34.41 x 1200|
|Ask||34.42 x 800|
|Day's Range||34.21 - 35.26|
|52 Week Range||29.69 - 40.87|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||10.61|
|Earnings Date||May 28, 2019 - Jun 3, 2019|
|Forward Dividend & Yield||1.10 (3.18%)|
|1y Target Est||37.12|
Jim Cramer says Dick's Sporting Goods' plans to invest online could ruin the company's gross margins.
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.
The ratings on nine principal and interest (P&I) classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 4.2% of the current pooled balance, compared to 5.3% at Moody's last review. Moody's base expected loss plus realized losses is now 2.0% of the original pooled balance, compared to 2.6% at the last review.
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.
The ratings on six principal and interest (P&I) classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 5.2% of the current pooled balance, compared to 5.7% at Moody's last review. Moody's base expected loss plus realized losses is now 5.1% of the original pooled balance, compared to 5.7% at the last review.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Dick's Sporting Goods (DKS) have what it takes? Let's find out.
Strategy changes being implemented by Dick's Sporting Goods Inc. (DKS) could catalyze its financial performance in the long run. The company is aiming to enhance the customer experience, while delivering improved innovation in its private brands. Warning! GuruFocus has detected 4 Warning Signs with DKS.
The subscription fashion seller delivered the quarter investors wanted to see, while the athletic and outdoor gear retailer showed weakness.
The move comes after the Corapolis-based retailer decided last year that it would no longer sell firearms to people under 21.
Retailer Dicks Sporting Goods Inc (NYSE: DKS) on Tuesday morning reported fourth-quarter results that came in better than expected. Gross margins fell during the quarter and management offered concerning guidance for 2019. Canaccord Genuity's Camilo Lyon maintains a Hold rating on Dick's Sporting Goods with an unchanged $36 price target.
DICK'S Sporting (DKS) reports mixed fourth-quarter fiscal 2018 results, owing to strength in core business and robust digital growth alongside weakness in hunting and electronics businesses.
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Boeing Co's woes escalated as European aviation regulators ...
, Jim Cramer told his Mad Money viewers Tuesday, and it might be just the beginning. On the surface, Cramer said Dick's, what he called a "best in the business" sporting goods retailer, delivered an OK quarter, but with murky guidance. Any time a company needs to invest, it hurts gross margins, Cramer reminded viewers.
Dick’s Sporting Goods Inc. said Tuesday it will stop selling firearms at 125 of its stores, further pulling back from the business after the retailer decided last year to tighten its policies around gun sales. Dick’s has struggled with declining sales since its CEO Ed Stack made a public decision to stop selling guns to buyers under 21 and take assault-style weapons out of all stores after a fatal school shooting in Parkland, Fla. Dick’s is also working to stem sluggish sales as more shoppers buy sporting goods online. This year Dick’s will remove guns and some hunting gear from 125 locations, after testing the concept in 10 stores last year, Mr. Stack said on a conference call Tuesday.
Now before I get to Dick's let me just say a word about Boeing, a stock that, once again, got rocked after a host of international airlines grounded the 737 MAX line that was involved in two separate, but seemingly similar crashes. Boeing's stock distorts the entire Dow index which is too heavily weighted toward the aircraft maker's stock. Days like Monday, where the Dow opened down 242 points or Tuesday where Boeing's second day of decline, took a big chunk off of the Dow, remind us of how distorted the old index is and both the S&P 500 and the Nasdaq spent another day in the black, the latter solidly so.
Jim Cramer says Dick's Sporting Goods' plans to invest online could ruin the company's gross margins.