Columbia Sportswear Co
Assessing the Valuations of Sportswear Stocks
Nike’s balance sheet size is larger than the combined balance sheets of Lululemon Athletica (LULU), Under Armour (UAA), Columbia Sportswear (COLM), and Skechers (SKX).
Wedbush Upgrades Skechers after 3Q Results
Skechers’ (SKX) solid 3Q17 results were followed by a host of analyst actions.
Wells Fargo Upgrades Under Armour to ‘Outperform’
Under Armour’s cash and cash equivalents fell 6.7%, and its inventories rose 38.8% between 4Q15–2Q16.
How Under Armour Stock Reacted to a Poor 4Q16
Under Armour’s (UAA) stock plunged 25% after the company reported lower-than-expected top and bottom lines and a glum guidance.
How Markets Are Pricing Under Armour Stock
Markets expect the strong growth trend to continue, and value Under Armour stock higher than the overall market and comparable firms.
Inside Columbia Sportswear’s Stock Market Performance
Columbia Sportswear’s (COLM) stock had a good run in 2017, with the stock surging 23% during the year.
Nike: More Than 60% of Analysts Suggest a ‘Buy’
Around 62% of analysts covering Nike recommend a “buy” for the stock, 32% recommend a “hold,” and 5% recommend a “sell.”
Can Skechers’ Q3 2018 Results Stop the Slide in Its Stock?
In the last few quarters, Skechers (SKX) stock has shown high volatility after its quarterly results.
John Christian Walbrecht Appointed as President of Columbia Brand
Columbia Sportswear (COLM) has a market cap of $4.1 billion. COLM fell by 0.31% to close at $58.34 per share as of February 22, 2016.
Nike Has One of the Best Upsides among Sportswear Stocks
2017 hasn’t been a great year for sportswear stocks so far. Lululemon Athletica, Under Armour, and Columbia Sportswear have fallen 29%, 16.5%, and 4.7% year-to-date.
Is Wall Street Losing Confidence in Nike?
Overall, analysts do not have a negative sentiment toward Nike’s stock, as the company has not received any “sell” recommendations yet. On September 20, 2016, the company had 21 “buy” and 12 “hold” recommendations from Wall Street analysts.
VF Corporation Names Jim Pisani Timberland Global Brand President
VF Corporation (VFC) has a market cap of $26.0 billion. Its stock rose by 0.42% to close at $62.42 per share on August 8, 2016.
Ford Motor Downgraded to ‘Neutral’ by Buckingham Research
Ford Motor (F) has a market cap of $47.7 billion. It fell 0.91% to close at $12 per share on September 20, 2016.
Nike’s Performance Is Compelling, Beating Wall Street Estimates
Nike’s performance over the past few years has been compelling. The company has beaten consensus Wall Street revenue estimates and earnings estimates.
Buckingham Research Upgrades Skechers USA to a ‘Buy’
On December 1, 2016, Buckingham Research upgraded Skechers USA’s rating to a “buy” from “neutral.” Also, it set the stock’s price target at $31.0 per share.
VF Corporation Reported Mixed Quarterly Results for Fiscal 4Q15
VF Corporation reported fiscal 4Q15 total revenues of $3,412.8 million, a fall of 4.6%. Its net income and EPS rose to $312.2 million and $0.72, respectively.
How Did VF Corporation’s 2Q16 Earnings Turn Out?
VF Corporation (VFC) has a market cap of $26.3 billion. It fell by 1.3% to close at $62.37 per share on July 22, 2016.
Why Strong Product Margins Drove Lululemon’s Profits in 2Q17
Lululemon Athletica (LULU) reported a 2.6% YoY (year-over-year) rise in 2Q17 earnings per share (or EPS) when it reported its results on August 31.
VFC Reported 2.6% Rise in Revenue in 3Q15 over 3Q14
VFC reported 3Q15 total revenue of $3.6 billion, a rise of 2.6% when compared to net sales of $3.5 billion in 3Q14.
Has the Market Priced Under Armour Stock Fairly?
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.
VF Corporation’s 1Q15 Margins Are Expected to Improve
VF Corporation (VFC) expects margins to improve in 2015, coming in at 49.3% compared to 48.8% in 2014. Margins have been expanding over the past few quarters.
How Did Columbia Sportswear Perform in 4Q15 and 2015?
Columbia Sportswear (COLM) rose by 13.7% to close at $55.54 per share at the end of the second week of February 2016.
Nike Posted a Beat on Its Fiscal 2Q17 Earnings—Here’s Why
In fiscal 2Q17, Nike’s adjusted earnings per diluted share stood at $0.50, $0.07 more than what analysts were expecting.
Argus Upgrades Skechers to ‘Buy’
Skechers is covered by 11 Wall Street analysts who jointly rate the stock a 1.5 on a scale of 1 for “strong buy” to 5 for “sell.”
Currency Headwinds Could Taper Nike’s 1Q18 Margins
Nike’s gross margin has deteriorated over the last five quarters. In 4Q17, its gross margin fell 180 basis points to 44.3% of sales, mostly driven by currency headwinds.
UBS Downgrades Nike to ‘Neutral’
Nike is a widely covered stock. Of the 35 analysts tracking it, 60% recommend “buy,” 34% recommend “hold,” and 6% recommend “sell.”
How Did Hershey Perform in 3Q16?
Price movement Hershey (HSY) has a market cap of $21.8 billion. It rose 7.2% to close at $102.40 per share on October 28, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 7.4%, 8.2%, and 16.8%, respectively, on the same day. HSY is trading 7.2% above its 20-day moving average, 3.7% above […]
Lululemon Plans to Acquire MIRROR, Stock Rises
On Monday, Lululemon Athletic (NASDAQ:LULU) announced that it signed an agreement to acquire an in-home fitness company, MIRROR, for $500 million.
Why B. Riley FBR Downgraded Foot Locker to ‘Neutral’ Rating
Today, B. Riley FBR downgraded Foot Locker (NYSE:FL) from a “buy” rating to a “neutral” rating. The firm also lowered its target price from $42 to $32.
Can Lululemon’s Q1 Earnings Boost Its Stock Price?
For the first quarter, analysts expect Lululemon to report revenue of $683.2 million—a fall of 12.7% from $782.3 million in the first quarter of 2019.
Wells Fargo Downgraded Lululemon, Most Analysts Are Bullish
Today, Wells Fargo downgraded Lululemon Athletica from “overweight” to “equal weight.” However, Wells Fargo raised its target price from $250 to $275.
What to Expect from Skechers’ Q1 Earnings
Skechers will likely release its first-quarter results after the financial markets close on Thursday. The company withdrew its Q1 guidance on March 18.
These Consumer Stocks Rose More than 65% in 2019
Consumer stocks had a truly phenomenal 2019. Let’s take a look at five consumer stocks that delivered more than 65% growth in the year.
Why Lululemon Stock Could Rise Further on Q3 Earnings
Lululemon Athletica (LULU) is set to announce its fiscal 2019 third-quarter earnings after the market closes on December 11.
Lululemon Stock: What’s behind Its Exceptional Growth?
Lululemon stock is beating the broader markets by a wide margin. Barclays has initiated coverage on LULU with an “overweight” rating.
Why Is Under Armour’s 4Q15 EPS Soaring over Low Profitability?
In 4Q15, Under Armour’s adjusted EPS came in at $0.48, beating the consensus Wall Street analyst estimate of $0.46 by 4.4%.
What are Nike’s Earnings Prospects in Fiscal 3Q16?
Nike’s EPS (earnings per share) have grown at a CAGR (compound annual growth rate) of 13.9% over the last five fiscal years.
Nike: How Is Its Near and Medium-Term Revenue Looking?
In the medium term, Nike is projecting its top line to grow to $50 billion, rising by ~63% over the $30.6 billion clocked in fiscal 2015.
The Three Factors Spurring Nike’s Shareholder Returns
Nike has been providing value to shareholders through its share repurchase program.
Could Lululemon Have Above-Category Growth in Fiscal 2017?
In fiscal 2017, Lululemon Athletica (LULU) expects to grow revenue 10.9%– 13.3%, or $2.29 billion–$2.34 billion. Same-store sales growth is expected in the mid-single-digit range.
LULU’s Revenue Performance Surprises Markets on the Upside
Lululemon Athletica (LULU) posted revenue of $495.5 million for fiscal 1Q17. Revenue grew by almost 17% over fiscal 1Q16.
Skechers Footwear: Design, Sourcing, and Manufacturing Overview
Skechers designs footwear with its own in-house design team. However, it doesn’t own or operate any factories in which to conduct its manufacturing.
Can Skechers Meet or Exceed Its Strong Earnings Growth Outlook?
Skechers’ performance is typically unevenly distributed during the year due to seasonal factors. Its first and third quarters are usually its strongest.
Can Under Armour Outpace Q3 Expectations?
Under Armour (UAA) is set to declare its third-quarter earnings results on November 4. The company announced its CEO succession plans on October 22.
Lululemon Stock Outpaces Nike, Trades at Record High
Lululemon (LULU) stock has generated stellar returns for its investors. Lululemon stock was up 68.5% year-to-date on October 17.
Upside in Nike and Footwear Peers despite Tariffs?
Nike, Under Armour, Skechers, and Columbia Sportswear fell 3.4%, 6.5%, 6.1%, and 2.8%, respectively, after a new 10% tariff was announced.
Columbia Sportswear Upgraded ahead of Q2 Results
Yesterday, Columbia Sportswear (COLM) stock was up 2.7% after Bank of America Merill Lynch upgraded its rating to “buy” from “neutral.”
What to Expect from Nike’s Q4 Results
Nike (NKE) is set to announce its results for the fourth quarter of fiscal 2019 after the financial markets close on June 27. In March, Nike announced better-than-expected third-quarter earnings. The company’s overall revenue matched analysts’ forecast. However, investors were disappointed as Nike’s North American revenue lagged expectations.
How Analysts Rate Under Armour ahead of Q1 Results
On March 25, UBS lowered its price target for Under Armour (UAA) to $22 from $23.
A Look at Columbia Sportswear’s Valuation after Its Q1 Results
Columbia Sportswear’s (COLM) 12-month forward PE multiple fell 5.3% to 21.7x on April 26.
Columbia Sportswear’s Outlook Reflects Strength in Its US Sales
Columbia Sportswear’s (COLM) net sales increased 7.8% to $654.61 million in the first quarter.
Analysts Raise Columbia’s Price Target after Its Q1 Results
Several analysts raised their price targets for Columbia Sportswear after it reported strong first-quarter results and raised its outlook.
Key Drivers of Columbia Sportswear’s Margin Expansion
Columbia Sportswear’s (COLM) sales surged 7.8% to $654.61 million, and its adjusted EPS rose 39% to $1.07 in the first quarter of 2019.
Columbia Sportswear Beats Q1 Estimates, Raises 2019 Outlook
Columbia Sportswear (COLM) stock was up 2.4% in after-market trading hours on April 25 in reaction to strong first-quarter results and an upgraded outlook for 2019.
Will Columbia Sportswear Surpass Q1 Sales Expectations?
Columbia Sportswear (COLM) has surpassed analysts’ sales expectations for eight consecutive quarters.
Will Skechers’s Q1 Results Help the Stock Keep Up Its Strong Run?
Skechers (SKX) stock was up 52.2% on a year-to-date basis as of April 15. The footwear company is scheduled to report its first-quarter results on April 18.
Where Does Nike’s Valuation Stand ahead of Its Q3 2019 Results?
On March 18, Nike (NKE) was trading at 12-month forward PE multiple of 28.7x.
Canada Goose Stock Fell 12.9% despite Strong Q3 Results
On February 14, Canada Goose (GOOS) (GOOS.TO) stock fell 12.9% on the NYSE. The company reported impressive third-quarter results.
Skechers Stock Rose Due to Strong Q4 Earnings
Skechers stock rose 18.2% in after-market trading on February 7. The company announced better-than-expected fourth-quarter earnings.
Under Armour: Goldman Sachs Upgraded It to ‘Buy’
On January 22, Goldman Sachs upgraded Under Armour (UAA) to “buy.” The stock didn’t move much and fell marginally.
Comparing Nike’s PE Ratio with Its Peers
On January 14, Nike’s 12-month forward PE ratio was 25.8x. For fiscal 2019, analysts expect Nike’s adjusted EPS to increase 10.9% YoY to $2.65.
Under Armour’s Price-to-Earnings versus Peers’
On January 10, Under Armour’s (UAA) 12-month forward PE ratio was 58.4x. It’s trading at a higher PE multiple than its peers.
What Wall Street Analysts Are Saying for Under Armour
As of January 10, of the 33 analysts covering Under Armour (UAA) stock, 18% recommend a “buy” and another 27% gave it a “sell” rating.
Nike’s Rating: Upgrade from HSBC, Downgrade from Baird
On January 9, HSBC upgraded Nike (NKE) to “buy” from “hold.” The target price increased to $95.00 from $92.00.
Analyzing Target Price Changes for Under Armour
After the investor meeting on December 12, there have been two price changes for Under Armour.
Evaluating Nike’s Bottom Line Performance
In the trailing nine quarters, Nike (NKE) has beaten analysts’ estimates on all occasions.
A Detailed Look at Nike’s Top Line Performance
Nike’s (NKE) top line growth is driven by improving sales in North America and robust sales in overseas territories.
How Nike’s Valuation Compares to Those of Its Peers
In fiscal 2019, analysts expect Nike’s sales to rise 7.6% to $39.2 billion and its EPS to surge ~11.0% to $2.65.
Nike Stock Is Up 22.4% in 2018: What’s Driving It?
As of November 6, Nike (NKE) stock is up 22.4% YTD (year-to-date). Its performance in North America is showing signs of improvement.
Under Armour: Stifel and Piper Jaffray’s Target Price Revisions
On November 5, two analysts covering Under Armour (UAA) revised their target prices for the stock. Piper Jaffray increased its target price.
Why Columbia Sportswear’s Operating Margin Contracted in Q3
Columbia Sportswear’s (COLM) gross margin expanded to 48.2% in the third quarter compared to 46.7% in the third quarter of 2017.
Key Insights from Columbia Sportswear’s Q3 Sales Performance
Columbia Sportswear’s (COLM) sales rose 6.5% to $795.8 million in the third quarter, surpassing analysts’ estimate of $789.5 million.
What Drove Columbia Sportswear’s Strong Q3 Earnings Growth?
Columbia Sportswear’s (COLM) adjusted EPS of $1.41 in the third quarter easily beat analysts’ consensus estimate of $1.27.
Wall Street Recommendations for Under Armour ahead of Earnings
Rating synopsis Of the 35 analysts covering Under Armour (UAA) stock on October 23, 17.0% have a “buy” rating and 57.0% have a “hold” rating. The remaining 26% have a “sell’ rating. Under Armour is one of the fast-growing athletic apparel, footwear, and accessories manufacturers and distributors in the United States. The company’s largest market is North […]
Nike: Top Dow Stock in 2018
Currently, 37 analysts track Nike stock. Of these analysts, ~59% recommended a “buy,” 35% recommended a “hold,” and 5% recommended a “sell.”
Analysts Raise Columbia Sportswear’s Price Target
Columbia Sportswear’s (COLM) second-quarter results led some analysts to change their target prices on the stock.
Columbia Sportswear Stock Plunged despite Strong Results
Despite strong second-quarter results and a guidance update on July 26, Columbia Sportswear’s (COLM) stock plunged the next trading day.
Columbia Sportswear Raises Fiscal 2018 Guidance
Along with the second quarter results, Columbia Sportswear’s (COLM) management also raised its full-year 2018 guidance for both the top and bottom lines.
Lululemon Athletica Had 25% Increase in Q1 2018 Sales
In its first-quarter results on May 31, Lululemon Athletica’s (LULU) top line increased 25% year-over-year to $650 million.
Lululemon Stock Delivers Impressive Returns
Lululemon Athletica’s (LULU) better-than-expected results and the overall positive sentiment toward the athleisure market has driven the company’s stock price to new highs this year.
How Digital Transformation Is Driving Lululemon’s Top Line
Lululemon Athletica (LULU), which is slated to post its first-quarter results on May 31, is projected to post an 18.5% YoY (year-over-year) increase in sales.
Here’s What Drove Columbia Sportswear’s 1Q18 Top Line
Columbia Sportswear (COLM), which reported its 1Q18 results on April 26, posted a 12% YoY increase in sales to $607.3 million.
Columbia Sportswear Beat 1Q18 Expectations, Raised Guidance
Buoyed by its first-quarter performance, COLM management raised its 2018 guidance.
Why Under Armour and Columbia Sportswear Are Surging Today
Sportswear players Under Armour (UAA) and Columbia Sportswear (COLM) are rallying on the stock market today.
Analysts Increased LULU’s Price Target after Its Fiscal 4Q17
Lululemon Athletica (LULU) stock surged 6.1% in the after-hours trading session after it reported a stellar fiscal 4Q17.
What Drove Lululemon’s Top Line in Fiscal 4Q17?
Lululemon’s top line rose 17.6% YoY (year-over-year) to $928.8 million in fiscal 4Q17.
Analysts Raise Nike Price Target after 3Q18 Results
Though Nike’s (NKE) strong quarterly performance didn’t translate into a stock price gain, Wall Street did respond positively to the company’s robust results.
Nike Stock Failed to Reap Benefits of Strong 3Q18 Results
The company outperformed on both earnings and sales and signaled the end of a rough patch it faced in its North American market.
Wall Street’s View: Lululemon Stock Has a Modest Upside
Out of the 31 analysts covering LULU, 58% of analysts have recommended buying the stock, while 39% have suggested holding it.
Are Lululemon’s Valuations Attractive?
Lululemon Athletica (LULU) stock has delivered an above-average performance in the last two years.
Lululemon’s Management Expects 25% Growth in 4Q17 Profits
Lululemon Athletica (LULU) has delivered strong financial results so far this fiscal year.
How Nike Stock Has Performed in 2018
Nike (NKE) delivered a strong performance in the stock market during 2017 with a 23% rise during the year.
Under Armour’s Earnings Met Expectations
Under Armour (UAA) posted a loss of $88 million in 4Q17 after including restructuring charges and the one-time impact of new tax reforms.
Skechers Delivered Solid Top-Line Growth in Fiscal 2017
In fiscal 2017, Skechers crossed the $4 billion mark in annual sales for the first time in its 25-year history.
Discussing Under Armour’s Stock Market Performance
After Under Armour delivered strong performances in 2014 and 2015, its stock price slid 30% and 50% in 2016 and 2017, respectively.
Columbia Sportswear on the Street: Analyst Recommendations ahead of the 4Q17 Results
Columbia (COLM) is covered by 17 Wall Street analysts, who have together rated the stock a 2.2 on a scale of 1.0 (“strong buy”) to 5.0 (“sell”).
Columbia Sportswear’s Margins and Profitability: Ahead of the 4Q17 Results
Wall Street has projected a 5% YoY (year-over-year) decline in Columbia Sportswear’s (COLM) EPS (earnings per share) to $1.14.
Columbia’s 4Q17 Preview: Can COLM Post Solid Results Again?
Portland-based Columbia Sportswear (COLM) plans to release its 4Q17 financial results on Thursday, February 8, 2018.
Under Armour Stock Slides after Macquarie Downgrade
Under Armour (UAA) started 2018 on a positive note and surged more than 10.0% in the first three trading days of the new year.
Wall Street Action after Lululemon’s Guidance Update
As we discussed already in this three-part series, Lululemon Athletica (LULU) recorded strong holiday sales recently, which prompted the company to raise guidance on January 8.