84.10 -3.91 (-4.44%)
After hours: 7:59PM EDT
|Bid||83.90 x 1400|
|Ask||83.95 x 800|
|Day's Range||86.83 - 88.12|
|52 Week Range||63.21 - 88.59|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||66.78|
|Earnings Date||Mar 20, 2019 - Mar 25, 2019|
|Forward Dividend & Yield||0.88 (1.00%)|
|1y Target Est||89.85|
Nike reported North American sales that fell short of consensus expectations, overshadowing better-than-expected earnings results and sending shares lower in extended trading.
Stock futures: Nike earnings beat late, but shares fell on North America sales. Apple led Thursday's rally, but it was broad-based. Here are three hot growth plays in buy range.
Nike gave cautious revenue guidance and missed some fiscal Q3 estimates for the key North American market but was bullish on female customers.
Shares of the world's largest sportswear maker have gained nearly 19 percent this year, as investors cheered its "Consumer Direct Offense" strategy that includes a focus on online sales, new launches and supply chain improvements to bring fresh products to shelves faster. Nike has also introduced sneakers such as the Air Max 720 and Epic React Flyknit 2 to capture market share in the United States. North America sales rose 7 percent to $3.81 billion (2.92 billion pounds) in the third quarter, falling short of estimates of $3.87 billion, according to IBES data from Refinitiv.
The footwear giant is chugging along with more robust growth and Zuora's revenue soared, fueled by growth in the subscription economy.
Nike (NKE) posted better-than-expected Q3 fiscal 2019 earnings and revenue after the closing bell Thursday. So, let's break down the sportswear giant's footwear sales, as well as North American and Chinese revenue.
Check out the companies making headlines after the bell:Shares of Nike NKE dropped more than 3 percent in extending trading Thursday following the release of the retailers better-than-expected third-quarter earnings results.
The sportswear giant reported $3.81 billion in quarterly sales in North America, below the $3.89 billion expected by analysts. Shares fell 3 percent within 10 minutes of the earnings announcement.
were falling Thursday despite the athletic apparel giant reporting earnings that beat Wall Street's estimates. Earnings per share came in at 68 cents, beating analysts expectations of 65 cents. Revenue was $9.6 billion, growing 7% year-over-year, and in line with estimates.
(Bloomberg) -- Nike Inc. shares fell in extended trading after third-quarter sales fell short of analysts’ estimates, hurt by lower-than-projected North American revenue.Sales for the world’s largest sportswear company rose 7 percent to $9.61 billion, slightly undercutting Wall Street estimates of $9.65 billion. Profit totaled 68 cents a share, beating the 65-cent average of analysts estimates.
Shares of Nike Inc. fell more than 2% in the extended session Thursday after the retailer swung to a fiscal third-quarter profit and posted revenue that met Wall Street expectations. Nike said it earned $1.1 billion, or 68 cents a share, in the quarter, versus a loss of $921 million, or 57 cents a share, in the year-ago period. The company pinned the quarterly profit to "strong" revenue growth, gross margin expansion, a lower effective tax rate and a lower average share count, which were slightly offset by higher selling and administrative expenses. Revenue rose 7% to $9.6 billion, from $9 billion a year ago. Analysts polled by FactSet had expected earnings of 66 cents a share on sales of $9.6 billion. Shares ended the regular trading day up 1.5%.
The Beaverton, Oregon-based company said it had profit of 68 cents per share. The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was ...
NIKE, Inc. today reported financial results for its fiscal 2019 third quarter ended February 28, 2019. Revenue growth was driven by broad-based strength across all geographies as well as NIKE Direct, led by digital.
Nike's third-quarter earnings beat Wall Street expectations. North American sales disappoint, as Nike's momentum continues overseas. Nike NKE shares tumbled Thursday following the sneaker maker reporting weaker-than-expected sales in North America during its fiscal third quarter, hurt, in part, by fewer people buying Converse-branded merchandise.
Lululemon (LULU) shares popped over 3% Thursday heading into the release of its fourth quarter financial results, as part of its larger 2019 climb. The yoga apparel and athleisure giant's bottom-line looks set to surge as it expands its menswear business, its global reach, and more.
Retail stocks were hammered in late 2018 amid concerns that the global economy was slowing and that the global consumer was consequently losing confidence. The SPDR S&P Retail ETF (NYSEARCA:XRT) dropped 30% from early September 2018, to late December.Then, the post-Christmas rally happened. Retail stocks, and the market in general, staged a huge turnaround the day after Christmas. They have stayed on a solid uptrend ever since because global economic fundamentals have started to stabilize and improve, while the global consumer has regained confidence in 2019.All in all, the S&P Retail ETF is up 15% since Christmas Eve.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor the most part, this rebound in retail stocks should continue because the fundamentals continue to improve. Trade and FX headwinds are becoming less severe. The rate hiking headwind has turned into a accommodating monetary policy tailwind. Consumer confidence metrics across the globe, and in particular the U.S., are bouncing back. Job markets globally remain healthy. Wages globally are heading higher.Overall, the economic fundamentals today continue to support a strong retail environment for the foreseeable future. Consequently, the early 2019 rebound in retail stocks should continue over the next several months. * 10 Stocks on the Rise Heading Into the Second Quarter Which retail stocks will lead this continued rebound? Let's take a deeper look. Nike (NKE)Source: rodrigofranca via Flickr Category: Athletic Apparel % Gain Since Dec. 24: 28%Shares of global athletic apparel giant Nike (NYSE:NKE) have been on a tear in 2019. Since bottoming out in late 2018, Nike stock is up nearly 30%, and now trades at fresh all-time highs.Why the big rally? Nike has continued to expand its dominance in the athletic-apparel category using faster-than-peer product innovation -- an enhanced direct retail strategy -- and unique marketing campaigns that have energized the core customer base. As Nike has done this, North America sales growth has come back into solidly positive territory. International growth has remained hot. Margins have recovered. And the whole company is back to firing on all cylinders.This rally in Nike stock will continue because this dominance is nothing new. Nike has dominated the athletic-apparel scene for over twenty years now. Time and time again, competitors arise and threaten Nike's dominance. Time and time again, Nike responds effectively, crushes the competition and only expands its dominance. This will continue to happen for the foreseeable future, and it will keep Nike stock on a long-term upward path. Home Depot (HD)Source: Shutterstock Category: Home Improvement % Gain Since Dec. 24: 17%Shares of Home Depot (NYSE:HD) dropped big in late 2018 amid concerns that the U.S. housing market was finally cooling after years of red-hot growth. But as financial markets have rebounded in 2019, so has Home Depot stock. It's up nearly 20% since late 2018.Why the big turnaround? U.S. housing market fundamentals have stabilized and improved in 2019. Specifically, the Fed went from hawkish to dovish, and stopped hiking rates. That caused mortgage rates, which had been on a sharp run up in late 2018, to fall big in early 2019. Also, consumer confidence has bounced back, wages have continued to rise, the unemployment rate remains low, housing starts have come roaring back and home-improvement-related retail sales rose over 8% year-over-year in January 2019. * 5 Stocks To Buy for the Happiest Employees All these improvements will continue so long as U.S. economic fundamentals remain solid, which they should. Americans will keep buying and remodeling homes. And Home Depot's sales and profits will continue to rise. As such, so long as the U.S. economy remains on solid footing, the rebound in Home Depot stock should persist. Lowe's (LOW)Source: Mike Mozart via Flickr (modified) Category: Home Improvement % Gain Since Dec. 24: 20%The story at Lowe's (NYSE:LOW) parallels the story at Home Depot. The stock was killed in late 2018 on slowing U.S. housing market concerns. It's rebounded in a big way in 2019 as housing market fundamentals have stabilized and improved.Importantly, though, Lowe's appears to finally be gaining share against Home Depot for the first time in a long time. For the past several years, Home Depot has consistently out-comped Lowe's in a sign that Home Depot was gaining market share and Lowe's was losing market share. But to end 2018, the gap between Lowe's and Home Depot's comparable sales growth was the narrowest it's been in two years. In January 2019, Lowe's actually out-comped Home Depot.The implication? For the first time in a long time, Lowe's is leveling the playing field with Home Depot and actually gaining share in the home improvement market. Lowe's stock is still materially cheaper than Home Depot stock. As such, as home improvement stocks continue to rebound, Lowe's stock could be the big winner. Target (TGT)Source: Mike Mozart via Flickr (Modified) Category: General Merchandise % Gain Since Dec. 24: 26%In late 2018, shares of Target (NYSE:TGT) fell off a cliff as investors were spooked by slowing comparable sales growth and compressing margins against the backdrop of a slowing U.S. economy. Target stock dropped big. But it's also rebounded big since then, staging a 26% rally since Christmas Eve.The turnaround in Target stock was powered by a few things. First, the U.S. economy stopped slowing and started stabilizing. Second, the U.S. consumer regained confidence in early 2019 and general merchandise retail sales rose 2.2% in January 2019. Third, Target reported solid holiday-quarter numbers that underscored that Target remains a healthy growth company with a red-hot digital business and stable margins. * 3 Out-of-Favor Consumer Stocks to Buy This turnaround in Target stock will continue because the fundamentals remain favorable and the stock remains cheap. Given stable U.S. economic fundamentals and Target's newly developed omni-channel retail presence, this company projects as a stable low single-digit revenue grower and high single-digit profit grower over the next several years. Yet, Target stock trades at just 13x forward earnings. That's too cheap for that level of growth, meaning this rally in Target stock will persist. Ulta (ULTA)Source: Mike Mozart via Flickr Category: Health & Personal Care % Gain Since Dec. 24: 46%Shares of Ulta (NASDAQ:ULTA) have been on a roller coaster ride over the past several months. In late 2018, Ulta stock dropped nearly 30% in just over a month. In 2019, however, Ulta stock has rebounded by nearly 50% in just over two months.The big selloff in late 2018 was the result of a below-consensus holiday-quarter guide converging on a rich valuation. The big rebound has been the result of the company blowing the lid off that below-consensus guide and reporting very strong holiday-quarter numbers. It also helps that comparable sales growth accelerated, margins expanded and the forward guide was strong -- all against the backdrop of a resurgent U.S. consumer. Now, Ulta stock is now making new highs.Ulta stock will continue to make new highs for the foreseeable future because this company is getting its groove back. New product launches in late 2018 helped reinvigorate comparable sales growth back to the near 10% range. These new product launches will continue to drive healthy customer enthusiasm and traffic gains through 2019. As they do, Ulta's revenues and profits will continue to impress, and Ulta stock will stay on an uptrend. Foot Locker (FL)Source: Shutterstock Category: Athletic Apparel % Gain Since Dec. 24: 22%Foot Locker (NYSE:FL) stock dropped big in late 2018 amid slowing U.S. economy concerns. But as the U.S. economy has stabilized, Foot Locker stock has rebounded.The rebound in Foot Locker stock has been especially large (over 20% since Christmas Eve) because of a strong holiday-quarter earnings report that underscored healthy operating fundamentals for the company. Comps rose 10%. Margins expanded in a big way. Inventories fell. The guide was healthy. Investors cheered. Foot Locker stock popped. * 3 Bank Stocks Whacked Down by the Fed In the big picture, Foot Locker's numbers have been getting better for a long time now. Now, they are finally good again, and this tells me that the worst is in the rearview mirror for FL. Going forward, Foot Locker will remain an important and stable player in the athletic-apparel retail landscape. FL's growth profile, coupled with the current 11x forward earnings multiple, should be enough to keep Foot Locker stock on a winning path. Best Buy (BBY)Source: Best Buy Category: Electronics % Gain Since Dec. 24: 43%In late 2018, there was a rumor flying around that the consumer electronics space was rapidly slowing. Consequently, shares of Best Buy (NYSE:BBY) dropped nearly 50% in a matter of three months.That rumor was a bunch of hot air. In early 2019, Best Buy reported strong holiday-quarter numbers that included positive comparable sales growth, big digital sales growth, margin expansion and an above-consensus full-year guide. Those numbers were proof that Best Buy remains the leader in the still-growing consumer electronics space. Consequently, Best Buy stock rallied.Still, Best Buy stock is pretty cheap at just 12x forward earnings. That's too cheap for Best Buy, a company which should report positive comps and healthy margins for the foreseeable future thanks to secular tailwinds (the widespread emergence of IoT and AI technologies). As such, a cheap valuation and favorable growth fundamentals should keep BBY stock on an upward trend for the foreseeable future.As of this writing, Luke Lango was long NKE, HD, TGT, FL, and BBY. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post 7 Retail Stocks That Will Continue to Rebound in 2019 appeared first on InvestorPlace.
NEW YORK, NY / ACCESSWIRE / March 21, 2019 / NIKE, Inc. Class B (NYSE: NKE ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on March 21, 2019 at 5:00 PM Eastern ...
Investing.com - Nike (NYSE:NKE) shares slid in after-hours trading Thursday, retreating following quarterly numbers that looked just OK.
I've long been a skeptic of Under Armour (NYSE:UA,UAA) stock -- and, of late, the market has disagreed. Under Armour stock took a hit in December, with the rest of the market. But the more expensive UAA stock has rallied 26% so far in 2019 and now trades at almost double late-2017 lows.Source: Shutterstock * 10 Stocks on the Rise Heading Into the Second Quarter As confusing as the odd and seemingly permanent valuation gap between UA and UAA stock is, the market's patience is equally perplexing. UAA stock plunged after disappointing five-year targets were disclosed at the December Investor Day. The market seems to have forgotten all about that. Fourth-quarter earnings were not impressive -- but Under Armour stock gained regardless.Now, one of Under Armour's key customers has said the brand is in trouble. And while that customer sees hope, that news alone should drive further skepticism that Under Armour can grow into its valuation.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dick's Sporting Goods and Under Armour StockSo, again, Under Armour continues to be difficult…We've been able to replace to lost Under Armour apparel business with other brands in the stores at this point. And to the extent that we can get that Under Armour business into a better position going forward it would bode better for the business as well.That statement comes from Dick's Sporting Goods (NYSE:DKS) chief financial officer Lee Belitsky on his company's Q4 conference call this week. It seems rather damaging to Under Armour, though it's worth pointing out the quote isn't quite as negative as it seems at first blush.After all, part of the issue for Dick's is that Under Armour has expanded its distribution. The problem isn't only Under Armour isn't selling at Dick's (though that is true), but that's it's selling elsewhere too. And CEO Ed Stack did say his company was "much more enthusiastic" about the brand going forward, echoing commentary from the third-quarter conference call.Still, the weakness at Dick's, which persisted into the key holiday quarter, does seem like an issue for Under Armour. This is a stock still priced at 45 times 2020 earnings-per-share estimates. It's a turnaround play which requires years of growth -- but, more importantly, margin expansion.As I've detailed in the past, to expand those margins toward those of rivals Nike (NYSE:NKE) and adidas AG (OTCMTKS:ADDYY), Under Armour needs more full-priced selling. The weakness at Dick's shows that's not happening yet -- which is a big risk to UAA stock. Sales ElsewhereAgain, Dick's management sees better days ahead. But with DKS stock back at 2011 levels, investors would do well to not quite take their word for it. And it's useful to look at another retailer to see where Under Armour is growing.That retailer is Kohl's (NYSE:KSS). Per Kohl's Q4 call, growth for Under Armour was positive in Q4. It was one of the three brands (along with Nike and adidas) that "continue[d] to perform well" in Q3. According to the Q2 call, it "has delivered very strong growth in its second year" of being distributed at Kohl's.What's the difference? The difference is that Kohl's is a lower-priced retailer that sells lower-priced Under Armour product. It's that product that is moving -- not the premium merchandise (and footwear) being shipped to Dick's locations.The difference between the two chains seems to highlight the key risk to Under Armour stock. Again, Under Armour itself isn't expecting to grow into its valuation by accelerating revenue growth back into the mid-teens. It's supposed to steadily, but surely, expand margins in North America while driving renewed growth overseas. * 10 Most Expensive Cities in the World 2019 If Under Armour can't sell at full price in the U.S., that margin expansion disappoints. Those five-year targets are missed. And, given that investors dumped the stock when those targets were announced, it's hard to see how a miss means anything other than a decline in UAA stock.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post Key Retailers Raise Serious Concerns About Under Armour Stock appeared first on InvestorPlace.