|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||32.80 - 34.20|
|52 Week Range||27.20 - 44.50|
|Beta (5Y Monthly)||0.81|
|PE Ratio (TTM)||14.58|
|Earnings Date||Apr 15, 2020 - Apr 19, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||47.09|
Starbucks Corp. and Skechers USA Inc. are among the companies with the most exposure to disruption in China due to the coronavirus, according to Cowen analysts. Starbucks said it would've raised its guidance when it announced its earnings in late January, with Cowen saying the company has the greatest exposure in its restaurant coverage. But the illness outbreak shuttered more than half of its stores in the region. Starbucks shares were down 3% in Monday premarket trading. Skechers has 20% estimated revenue exposure in China, according to Cowen data, and 40% growth exposure. Skechers stock is down 3.8% in premarket trading. VF Corp. , which has a portfolio including The North Face and Vans and has shares down 3.3% in premarket, has about 15% revenue exposure, and Nike Inc. about 19%. Nike stock is down 4% in Monday premarket trading. There are also concerns from UBS analysts that Nike could miss earnings estimates due to the outbreak. Wells Fargo analysts warn that shelves could begin to empty in April due to supply chain disruption, but Cowen says there's "not yet explicit risk" as companies have "not yet fully accounted for any potential disruptions." The ProShares Decline of the Retail Store ETF has gained 7.4% in Monday premarket trading and is up 4.8% over the last year. The SPDR S&P Retail ETF is up 1.4% for the past 12 months. And the S&P 500 index is up 19.5% for the last year.
Shares of Under Armour (NYSE:UAA) plunged in early February after the struggling athletic apparel maker reported mixed fourth quarter numbers that included a dismal 2020 guide. Of note, while Under Armour's profits in the fourth quarter matched analyst expectations, management guided for just 13 cents in earnings per share in 2020 (at best), versus a consensus sell-side estimate of 46 cents.Source: Sundry Photography / Shutterstock.com That means Under Armour projects to earn less than 30% of what Wall Street thought the company would earn this year. Investors naturally freaked out in response, and UAA stock fell by 20% to its lowest levels in over a year.At this point in time, I think it's smart to play the contrarian and buy the dip in Under Armour stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMy rationale is simple. First, Under Armour's fundamentals are bad but not awful, and the company should keep growing. Considering that reality, shares seem undervalued here. * 7 Exciting Stocks to Buy for Aggressive Investors Second, the stock has formed formidable technical support at the $16 to $17 range over the past few years, and shares are presently closing in on those levels. And third, a big portion of the sell-off has to do with coronavirus anxiety, which ought to subside in the coming months.All in all, I like Under Armour stock on the dip. Over the next few months, I expect shares to find support around $16 to $17 and rebound back above $20. All is not LostUnder Armour's fourth quarter earnings report was bad and 2020 guidance was even worse. But all is not lost, and there are still plenty of things to like about this company.Sure, revenues rose just 4% in the fourth quarter, and are expected to drop by roughly 2% next year. That's not good. But Under Armour is still one of the four major players in the athletic apparel market, alongside Nike (NYSE:NKE), Adidas (OTCMKTS:ADDYY) and Skechers (NYSE:SKX). That market remains supported by secular adoption tailwinds. Granted, those tailwinds are stronger on the lifestyle side of the market, and less strong on the performance side (where Under Armour operates).Nonetheless, revenue erosion is unlikely to last beyond 2020, and market tailwinds coupled with easier laps will bring positive revenue growth back next year.Below the top-line, things actually aren't so bad. Gross margins rose by 230 basis points in the quarter amid supply chain enhancements and lower discounting. They are expected to rise another 40 basis points next year for the same reasons. Concurrently, while opex rates are rising, that's mostly because of sluggish revenue growth. Expenses rose just 2% in 2019. Continued moderate expense growth plus gross margin expansion lay the groundwork for profits to roar higher once revenue growth turns positive again.All in all, then, Under Armour is just getting stung by some near-term demand headwinds. These demand headwinds won't last. Once they pass, Under Armour will return to being a low single digit revenue growth and double-digit earnings growth company. Under Armour Stock is CheapAt current levels, there are two big things to like about Under Armour stock.First, the stock is cheap relative to the company's realistic earnings growth prospects. After this year, Under Armour should return to and sustain low single digit revenue growth, thanks to broader athletic apparel market tailwinds. Gross margins will keep moving higher as the company starts selling more into full-price channels and eases on discounting. Operating expense rates will compress as management maintains a ~2% expense growth rate.Putting all that together, from this year's projected 13 cents earnings per share base, Under Armour's profits will likely rise towards $1.25 by 2025. Based on an apparel retail sector-average 23-times forward earnings multiple and a 10% annual discount rate, that implies a 2020 price target for the stock of nearly $20.Second, the stock will find powerful technical support in the $16 to $17 range. Since early 2018, Under Armour stock has bottomed out at these levels several times, namely in April 2018, October 2018, December 2018, August 2019 and November 2019.It is fairly likely that shares once again find support at these levels. If they do, that means the worst of this sell-off is over, and the stock is due for a relief rally over the coming months. Bottom Line on UAA StockUnder Armour is struggling. These struggles will continue, but the valuation on Under Armour stock is cheap, and shares are running into multi-year technical support levels. As such, it makes sense to start buying the dip in Under Armour stock here. Over the coming months, it's quite likely that shares stabilize around $17 before popping back to $20.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Play the Contrarian And Buy the Dip in Under Armour Stock appeared first on InvestorPlace.
Skechers says sales reached record levels in the fourth quarter thanks to a number of categories, including running and “dad sneakers.”
It's been a good week for Skechers U.S.A., Inc. (NYSE:SKX) shareholders, because the company has just released its...
Skechers' (SKX) fourth-quarter 2019 results benefit from strength in domestic and international businesses, with each region contributing double-digit growth.
Skechers USA shares jumped after the shoe producer and retailer met profit estimates for the fourth quarter and a number of analysts raised their target prices.
The major stock indexes were broadly lower early Friday despite a strong jobs report. IPO stocks Pinterest and Uber soared on earnings.
After hours: Uber rose into a buy zone on its results. So did archrival Lyft. Pinterest, Bill.com and eBay also moved on news.
Skechers earnings were in line with views while sales jumped 23%, the third straight quarter of accelerating growth. Skechers stock jumped in late trade.
Skechers (SKX) delivered earnings and revenue surprises of 0.00% and 6.66%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares for Skechers USA Inc. are surging in after-hours trading on Thursday after the shoemaker posted fourth-quarter sales that blew past expectations.The Manhattan Beach, Calif.-based firm's stock was up nearly 8% to $40.98 as of 4:30 p.m. ET. In its financial report for the period ended Dec. 31, Skechers logged revenues that rose 23.1% to $1.33 billion, compared with analysts' predictions of $1.25 billion. Earnings per share were in line with forecasts, growing 25.8% to 39 cents, on profits of $59.5 million.The company attributed the growth in revenues to a 31.2% gain in its international sales and 13% improvement in domestic revenues. Same-store sales increased 9.9%, while Skechers' direct-to-consumer business climbed 19.4% and wholesale advanced 10.4%."Skechers' record-setting fourth quarter and full year results reflect the strength of our brand, product offerings and global execution capabilities," said CFO John Vandemore. "We continue to make investments globally to build on those strengths and to support our strategy to expand internationally and to deepen our direct to consumer relationships in store and online."For the full year, Skechers sales jumped 12.5% to $5.2 billion as its international business recorded a 20.2% gain and revenues for its domestic arm inched up 3.3%.In tandem with its report, the performance and lifestyle footwear firm joined the growing list of companies expressing caution over the deadly coronavirus outbreak in China, which has led to retail store and factory closures as well as limited transportation within the country."We are deeply concerned by the health crisis in China, and for the well-being of our employees, partners, vendors and consumers in the region," said CEO Robert Greenberg. "We continue to monitor this situation and its potential disruption to our global business. The Skechers brand is strong in China, and we remain confident in our long-term prospects in the country."For the first quarter of 2020, Skechers anticipates sales in the range of $1.4 billion to $1.425 billion and EPS of $0.70 to $0.75, incorporating "an initial estimate of the impact to the company of current events in China" that includes "a significant number" of temporary store closures and "below average" comparable store sales.Want more?Skechers Has a Valuable Defense Against Any US-China Tariff ImpactSkechers Posts Q3 Earnings Beat, Touts New Marketing MovesSkechers Sends Chunky Sneakers & More Styles Down 7 NYFW Runway ShowsMore from Footwear News * Lululemon, Nike and 9 Other Fashion Firms Closing Stores Due to Coronavirus * Skechers Becomes Latest Brand to Debut High-Tech Shoes for Elite Runners * These Waterproof Knit Sneakers Will Actually Keep Your Feet Dry
Skechers USA Inc. shares gained nearly 9% in the extended session Thursday after the shoe retailer said it hit "record" sales in its fourth quarter. Skechers said it earned $59.5 million, or 39 cents a share, in the quarter, compared with $47.4 million, or 31 cents a share, in the year-ago period. Sales rose 23% to $1.33 billion, compared with $1.1 billion a year ago. Analysts polled by FactSet had expected earnings of 39 cents a share on sales of $1.2 billion. Same-store sales rose 9.9%, including an increase of 10.3% in the U.S. Skechers said it expects sales between $1.400 billion and $1.425 billion for the first quarter, and per-share earnings between 70 cents and 75 cents. The year 2019 "was a remarkable year for Skechers as we achieved four quarters of record sales, culminating in annual sales of over $5.2 billion-a significant milestone," Chief Executive Robert Greenberg said in statement. The company is "monitoring" the coronavirus outbreak in China, and said it is factoring in a potential impact for its first quarter due to temporary store closures and below-average same-store sales.
NEW YORK, NY / ACCESSWIRE / February 6, 2020 / SKECHERS USA, Inc. (NYSE:SKX) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on February 6, 2020 at 4:30 ...
These apparel companies' fourth-quarter 2019 results are likely to reflect gains from robust brand enhancing efforts. However, high costs and volatile currency movements are concerning.
Retailer Skechers saw its Relative Strength Rating upgraded Tuesday. The company reports quarterly earnings on Feb. 7.
Skechers' (SKX) focus on new lines of products, cost-containment efforts, inventory management and global distribution platform is likely to show on fourth-quarter performance.
SKECHERS USA, Inc. (NYSE: SKX), a global leader in lifestyle and performance footwear, today announced that it will release its fourth quarter and full year 2019 financial results after market close on Thursday, February 6, 2020. A conference call will be held the same day at 4:30 p.m. ET / 1:30 p.m. PT. Participating on the call will be David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer.
With earnings on tap for Feb. 4, Skechers is currently about 13% under a 44.59 entry. Earnings growth decreased last quarter from 69% to 16%. Analysts are looking for earnings growth of 25% for the quarter, and 21% growth for the full year.