Under Armour Appoints Vice President of Investor Relations
Lance Allega has been appointed as Under Armour’s (UAA) vice president of investor relations, effective January 23, 2017.
Deckers Outdoor (DECK) reported fiscal 2Q17 net sales of $485.9 million, a fall of 0.21% from the net sales of $486.9 million in fiscal 2Q16.
Nike (NKE) has a market cap of $87.3 billion. It fell 0.71% to close at $53.27 per share on January 18, 2017.
Under Armour has been fully priced for growth. It trades 43 times its trailing 12-month earnings and 46 times its next 12-month earnings as of January 18, 2017.
Under Armour (UAA) saw its biggest one-day loss in eight years after its 3Q16 earnings call. The stock fell more than 13.0% as Plank hinted at slower growth.
Under Armour’s (UAA) Class A shares are rated 2.3 on a scale of 1.0 for “strong buy” to 5.0 for “sell.” Class C shares have a higher rating of 1.0.
Under Armour’s margins have been lower than most of its peers, at least in the last year. Its trailing 12-month operating margin was 9.2% of sales.
For fiscal 2016, UAA’s management is projecting a 26.0% YoY rise in its total sales to $4.9 billion.
International sales account for about 15.0% of UAA’s total sales compared to less than 6.0% in fiscal 2013. It has plans to further expand that business.
Under Armour (UAA) launched its footwear business in 2006. In just ten years, it has created a mark for itself and challenged Nike (NKE).
Wall Street is predicting a 4.0% YoY rise in Under Armour’s EPS to $0.25 in 4Q16. Its revenue is expected to rise 20.0% YoY to $1.4 billion.
Nike (NKE) reported fiscal 2Q17 revenues of $8.2 billion, which represents a YoY rise of 6.4%, compared to revenues of $7.7 billion in fiscal 2Q16.
Skechers (SKX) reported 3Q16 net sales of $942.4 million, a rise of 10.1% compared to net sales of $856.2 million in 3Q15.
The US dollar rose for the fourth straight year in 2016. The US Dollar Index (DXY), which weighs the dollar against six major currencies, rose 3.7% during the year.
In this article, we’ll talk about how the border tax impacts the apparel sector. In the next section, we’ll discuss the impact of a stronger dollar on clothing companies.
Apparel stocks rallied on January 17, 2017, following President-elect Donald Trump’s comments on border adjustment taxes and the strong US dollar.
VFC fell 1.3% to close at $51.83 per share on January 12. The stock’s weekly, monthly, and YTD price movements were -2.7%, -7.2%, and -2.9%, respectively.
Lululemon Athletica (LULU) has a market cap of $9.4 billion. It fell 0.12% and closed at $68.19 per share on January 9, 2017.
VF Corporation’s (VFC) cash and equivalents fell 21.9%, and its inventories rose 28.6% between 4Q15 and 3Q16.
On January 3, 2017, Piper Jaffray downgraded Michael Kors Holdings’s (KORS) rating from “overweight” to “neutral.” It also lowered the stock’s price target from $60.00 to $48.00 per share.