|Bid||20.85 x 4000|
|Ask||20.91 x 800|
|Day's Range||20.69 - 21.03|
|52 Week Range||15.05 - 23.28|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||1,493.57|
|Earnings Date||Apr 25, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.00|
Under Armour got an upgraded rating from JP Morgan after speaking with the athletic apparel company’s CEO and members of the executive team. Emily McCormick joins Seana Smith on ‘The Ticker’ to discuss Under Armour’s sales growth and it stacks up against other athletic apparel competitors.
Earlier this month, Under Armour (UA)(UAA) reported financial results for the first quarter of fiscal 2019. Growth in the quarter was in the Wholesale business (up 5% to $818 million), with Direct-to-Consumer (DTC) revenues declining 6% to $331 million. In the quarter, DTC accounted for 27% of Under Armour's revenues.
The sporting goods retailer has warned it's going to be a while yet before growth returns.
Footwear retailer Foot Locker reports earnings, and durable goods order for April will be released Friday morning.
As stocks go, Nike (NYSE:NKE) continues to be one of the most consistent performers in the S&P 500. Since May 23, 2014, Nike stock has more than doubled from $37.92 to $83.64 as of the May 23 close. Additionally, the five-year total return for NKE stock is 18.6%, 764 basis points better than the index.Source: rodrigofranca via FlickrThe athletic-apparel maker is a paragon of consistency, both financially and in the markets. Therefore, I don't think it's a stretch to wonder if the Nike stock price can double over the next five years like it did the five just passed.StockTwits founder Howard Lindzon has held Nike stock in his "8 to 80" portfolio for several years. These are stocks that people want to own because they also use their products and services regularly. I call that "Everyday Investing." It's a concept that I modeled after Peter Lynch's theory that you should invest in what you know.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAdmittedly, this concept isn't 100% foolproof, as the case of General Electric (NYSE:GE) demonstrated. But Nike is a much different company with fewer moving parts than the down-on-its-luck industrial conglomerate. * 7 Safe Stocks to Buy for Anxious Investors In my opinion, NKE stock has a great shot at doubling to $185 by May 23, 2024. But to do so, Nike must capture the women's market if it wants to get there. Here's why: Lululemon vs. NikeIf anyone can take down Lululemon (NASDAQ:LULU), the leader in women's athletic apparel, it would have to be Nike.InvestorPlace contributor Luke Lango recently highlighted the women's market as an important goal for the company on its way to $100 and beyond."At the current moment, Nike's revenues are dominated by the men's segment. The women's business accounts for less than a quarter of its total revenues," Lango wrote May 8. "But the global women's athletic apparel and footwear market is 50% larger than the men's athletic apparel and footwear market."Luke recommended an April CNBC article by Lauren Thomas. I'd second that recommendation. It's well written and provides the reader with a good understanding of Nike's overall business.Nike had $36.4 billion in revenue in 2018. Of that, $24.0 billion was wholesale to external customers, $10.4 billion was from Nike's brick-and-mortar and online stores, while the remainder was primarily from Converse.Of the $30.3 billion in wholesale (it includes $6.3 billion to Nike Direct), $6.9 billion was women's, 22.8% of the company's overall 2018 revenue.In April, Lululemon stated that it wants to double its men's revenue by 2023. In 2018, the men's business accounted for 20% of LULU's overall revenue of $3.3 billion. That means that Lululemon's women's business generated $2.6 billion in 2018 with men delivering $660 million.Here's what is most surprising about Lululemon: it skyrocketed from zero penetration in the men's market to 20% in just six years. Considering it's about one-fifth the size of Nike, it's a very impressive stat.If I owned Nike stock, I'd be concerned that Lululemon will soon generate more revenue from the men's market as a percentage of its overall sales than NKE does from the women's market. How Does Nike Stock Get to $185?Nike has never been very good at acquisitions.It couldn't do much with Bauer in hockey. It hasn't done much with Converse in streetwear, and it failed to do much with Cole Haan in the shoe market.However, there's a first time for everything. If management wants NKE stock to hit $185 by May 2024, they have a quick solution: acquire Lululemon.Once upon a time when Under Armour (NYSE:UA, NYSE:UAA) was in a much stronger position, I suggested that LULU and Under Armour merge to fight Nike.Today, LULU could buy Under Armour, but why would it? It's got growing women's and men's markets, strong digital sales, and increasing business in consumer-friendly Asia.Nike likely wouldn't pull the trigger, given its poor history. But it should set past disappointments aside because Lululemon continues to demonstrate why it's a leader in athletic wear.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post Can Nike Stock Hit $185 In the Next Five Years? appeared first on InvestorPlace.
More than 170 footwear companies signed a letter sent to President Trump urging him to not go ahead with extra tariffs on $300 billion of Chinese goods. The letter was signed by footwear industry heavyweights such as Nike, Adidas, Crocs, and Under Armour, among others.
Under Armour Stock Surged on May 17 after JPMorgan Chase Upgrade(Continued from Prior Part)Company’s revenue expectationsOn May 17, JPMorgan Chase upgraded its rating for Under Armour (UAA) stock to an “overweight” from a “neutral,”
President Donald Trump has proposed implementing 25 percent tariffs on $300 billion worth of imported goods from China, including clothing and footwear.
Under Armour Stock Surged on May 17 after JPMorgan Chase UpgradeStock up on bullish ratingUnder Armour (UAA) stock surged 7.8% on May 17 after JPMorgan Chase upgraded its rating for the footwear and athletic apparel maker to an “overweight” from
More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, Ugg and Off Broadway Shoe Warehouse, have penned a letter to the White House asking President Donald Trump to consider a halt to tariff increases on footwear imported from China.
Exclusive three-month beta program access now available to emerging hedge funds attending 2019 Battle of the Quants conference NEW YORK , May 20, 2019 /PRNewswire/ -- Thasos, an alternative data intelligence ...
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.
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.
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.
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.