So far in 2017, US auto sales remained weak on a YoY basis. Most mainstream automakers’ stocks are largely outperforming the broader market (SPY).
After delivering some superb performances in the stock market in 2014 and 2015, Nike (NKE) became the worst-performing Dow stock in 2016.
34 Wall Street analysts cover Nike stock. 65% of the analysts recommend buying the stock, while 32% recommend holding the stock.
Nike mainly sells under two brands: Nike and Converse.
The company is expected to record a fall of 3.6% YoY (year-over-year) in earnings to 53 cents per share.
Nike, the largest sportswear manufacturer in the world, clocked total sales of $17.2 billion in 1H17.
Nike (NKE), the world’s largest apparel company, is slated to release its results for fiscal 3Q17 on Tuesday, March 21, 2017.
In 3Q15, Comcast acquired a 51.0% stake in Universal Studios Japan.
Comcast (CMCSA) continues to be focused on its franchises to drive success for its movie business.
So far in 2017, WTI (West Texas Intermediate) crude oil prices have lost ~11.2%. In February, WTI crude oil futures traded on a firm note.
In a high capital-intensive industry like automobiles, it’s important for investors to pay attention to indicators that impact automakers’ profitability.
According to the latest data released on February 28, 2017, the US consumer confidence index was at 114.8—much higher than 111.6 in January.
On March 10, the U.S. Bureau of Labor Statistics released the employment summary for February. The non-farm payroll change figure for February was 235,000.
Jobless claims less than 300,000 are considered to reflect a strong job market. However, rising jobless claims could be a concern for auto investors.
So far in March, all mainstream auto companies have traded on a mixed note amid dullness in the broader market (SPY).
As of March 10, 2017, 14 out of 23 analysts surveyed (61%) had issued a “buy” recommendation for Ulta stock. Nine analysts have given it a “hold” rating.
In fiscal 2016, Ulta Beauty added 69 new brands and implemented over 500 prestige brand expansions.
Ulta’s gross margin declined in fiscal 4Q16, though the company’s operating margin improved on a YoY basis.
Ulta saw its sales rise 24.6% to $1.58 billion in fiscal 4Q16, surpassing the consensus analysts’ sales estimate of $1.54 billion for fiscal 4Q16.
Ulta Beauty delivered adjusted EPS (earnings per share) of $2.24 ahead of the consensus Wall Street analysts’ estimate of $2.13.