Skechers USA Inc
Where NIKE And Under Armour Win In The Market Share Stakes
Under Armour’s share of the apparel market rose from 14% to 16%, year-over-year, in the first nine months of 2014.
3Q17 Earnings Preview: What’s in Store for Skechers?
The California-based Skechers (SKX) is slated to release its third-quarter 2017 results on Thursday, October 19.
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.
Why Skechers Is Thriving in a Competitive Footwear Market
Skechers grabbed the number two spot in the US footwear market last year. The company’s brands were also ranked number one in walking and work footwear.
Susquehanna Rated Nike as ‘Positive’
In fiscal 1Q17, Nike (NKE) repurchased 19 million shares for ~$1.1 billion.
Under Armour’s Upbeat Outlook and Stock Price Performance
Under Armour’s (UA) stock price hit several record highs this year. The stock has provided total returns of 54.9% over the past year.
Inside the Fidelity Growth Company Fund Portfolio
FDGRX’s core sectors are information technology, consumer discretionary, and healthcare. The first two sectors make up a little over 60% of the portfolio.
Skechers’ China Sales Rise: What’s the Growth Outlook?
China has been an important element in Skechers’ success in international markets. Sales from China rose to $220 million in 2015 from $86 million in 2014.
Under Armour’s Athletic Endorsements Paid Handsome Dividends
In terms of endorsements, the last weekend in January was eventful for Under Armour. Tom Brady won his fourth Super Bowl. He wore Under Armour cleats.
Nike: 5-Year Returns Targets for Shareholders
At its 2015 Investor Day held on September 14, Nike briefed the financial community on its targets for generating value for shareholders.
Analysis: Nike’s 5-Year Roadmap to Grow Sales
Nike holds the top position in athletic footwear and athletic apparel. It’s apparel and footwear sales were $8.6 billion and $18.3 billion, respectively, in fiscal 2015.
Why Did Nike Rise on August 11?
Nike has a market cap of $96.5 billion. It rose by 0.62% and closed at $57.21 per share on August 18. Nike reported fiscal 4Q16 revenues of $8.2 billion.
Nike Still Dominates Athletic Footwear in 1Q15
US dollar sales of athletic footwear rose 8% in the first quarter of 2015. Nike was the most dominant brand by far with a market share of 62%.
Susquehanna Rates Deckers Outdoor as ‘Neutral’
Deckers Outdoor (DECK) has a market cap of $2.1 billion. It rose by 1.1% to close at $67.01 per share on August 12, 2016.
Wall Street Expects 16.5% Earnings Growth from UA in 4Q15
Under Armour (UA) has an enviable earnings record. It’s beaten the market consensus on quarterly earnings and sales for over five years in a row.
How Did Nike Perform in 1Q17?
Nike (NKE) has a market cap of $92.9 billion. It rose 1.7% to close at $55.34 per share on September 27, 2016.
Nike Announces the Launch of New Products
Nike (NKE) fell 1.7% to close at $50.46 per share during the fifth week of November 2016.
Why Nike’s Top and Bottom Lines Rose in Fiscal 2016
Nike (NKE) has a market cap of $89.4 billion. It rose 2.3% to close at $53.09 per share on June 28.
Understanding Nike’s Performance in Fiscal 2Q17
Nike rose 1.9% to close at $51.79 per share on December 20, 2016. The stock’s weekly, monthly, and YTD price movements were -0.98%, 1.7%, and -16.2%.
The Buzz around Under Armour (UA) Stock
Under Armour has become the number two player in the US activewear market in 2014, overtaking Adidas. It also benefited from the announcement of its connected fitness purchases earlier this year.
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.
Under Armour’s Footwear Business versus Skechers and New Balance
Primarily an apparel player, Under Armour (UA) has stepped up its pace in entering new footwear categories.
Why Did Nike Stock Fall on September 26?
Nike (NKE) has a market cap of $91.3 billion. It fell 1.4% to close at $54.40 per share on September 26.
Market Share Gain Spurs NIKE’s North American Footwear Revenues
In the US, in 2014 year-to-date, NIKE, Converse, and the Jordan brands combined accounted for over 60% of market share in athletic footwear.
JCPenney Partners with Nike
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’ Q1 Sales Beat Estimates, COVID-19 Drags Earnings
Skechers beat analysts’ sales expectations despite the impact of COVID-19. The company had strong momentum in the first two months of 2020.
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.
Why Is Under Armour Stock Facing Pressure?
J.P. Morgan expects Under Armour’s fiscal 2020 revenues to mark 3.8% growth. J.P. Morgan’s growth forecast is well below analysts’ consensus estimate.
Skechers Stock Rises as Deutsche Bank Gets Bullish
Skechers (SKX) stock rose 4.0% at 3:27 PM ET today. Deutsche Bank initiated coverage with a “buy” rating and assigned a price target of $49.
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.
How Do Nike’s North American Prospects Look in 3Q16?
North America is Nike’s (NKE) largest segment in terms of both revenue and operating profit.
How Nike Has Sustained Profitability despite Headwinds
Nike’s profitability in fiscal 3Q16 was helped by better-than-average performance in North America and Greater China, two of its most profitable segments.
How Much Has Under Armour Increased Revenue Guidance?
Under Armour raised the higher end of its 2016 operating income estimate to $503 million–$507 million, implying a growth rate of 23.1%–24.1% over 2015.
Skechers: Achieving Growth through Diverse Product Development
Since the launch of its first line in 1992, Skechers has diversified into several new lines, targeting different demographics and different activities.
Marketing and Branding: How Skechers Sells Its Footwear Products
To maintain its market share and drive sales, Skechers spends considerable time and effort in marketing activities to promote its footwear globally.
How Skechers Sells Its Products to Its Customers
In 2015, Skechers became the second-largest footwear company in the United States, trailing global market leader Nike (NKE).
How Skechers Strategizes Its Product Sell-Through
Athletic footwear brand Skechers operates around 525 company-owned retail stores around the world. Of these, around 395 are located in the United States.
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.
How Does Skechers Manage Its Inventory and Distribution?
In recent years, Skechers has reported improved working capital metrics. The company’s inventory turnover (or ITR) rose from 2.9x in 2013 to 3.2x in 2015.
Mapping Skechers’ Key Future Growth Drivers
Between the start of 2012 and the end of 1Q16, Skechers added 114 net new stores in the United States and 81 in international markets.
Why Skechers Expects Rising Profitability and Margins in 2016
Skechers has been able to steadily increase its profitability and margins over the past five years. The company’s net income margin rose to 7.4% in 2015.
Comparing Skechers’ Strengths and Weaknesses
Skechers is quickly establishing its presence in international markets. It made $3.1 billion in sales in 2015, of which 40.4% stemmed from overseas markets.
Skechers Stock Falls on Mixed Third-Quarter Results
Skechers (SKX) stock was down 4.2% today in reaction to the footwear maker’s mixed third-quarter results. Find out what went wrong for the company.
3 Stocks That Are Up or Down Over 7% in Early Trading
PayPal Holdings Inc. (Nasdaq: PYPL), eBay Inc. (Nasdaq: EBAY), and Skechers USA Inc. (NYSE: SKX) are making big moves this morning. Here’s what you need to know about each.
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.
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.
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.
How DECK’s Forward PE Stacks Up against Its Peers’
As of January 24, Deckers Outdoor (DECK) was trading at a 12-month forward PE multiple of 16.9x.
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.
What to Expect from Under Armour’s 2019 Revenue Growth
For the fourth quarter of 2018, Wall Street analysts expect Under Armour’s (UAA) revenue to rise 1.0% year-over-year to $1.38 billion.
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.
How Deckers’ Forward PE Stacks Up with Peers
Forward PE multiples are one of the most important metrics used for investment decisions.
Why Deckers Outdoor Stock Soared 59.4% in 2018
In 2018, Deckers Outdoor (DECK) stock soared 59.4%.
What Drove Nike’s Fiscal 2019 Second-Quarter Revenue
In the second quarter of fiscal 2019, Nike’s (NKE) revenue rose ~10% YoY (year-over-year) to $9.37 billion.
Analyzing Target Price Changes for Under Armour
After the investor meeting on December 12, there have been two price changes for Under Armour.
What Analysts Expect of Nike’s Q2 2019 EPS
Nike (NKE) is scheduled to announce its fiscal 2019 second-quarter earnings results on December 20.
Skechers’ Valuation Compared to Its Peers
As of November 28, Skechers (SKX) was trading at a 12-month forward PE multiple of 13.6x.
Skechers Stock: Do Analysts See Upside Potential?
Skechers (SKX) stock has risen 3.0% since the company announced its third-quarter results in October. However, the stock is still in the red.
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.
Skechers: Citigroup Downgraded the Stock to ‘Neutral’
On October 2, Skechers shares fell ~2% after Citigroup downgraded the stock to “neutral” from “buy” due to the limited near-term upside.
Skechers Stock Fell 21% on July 20
Skechers (SKX) missed the same-store sales and bottom-line expectations when it reported its second-quarter results on July 19.
Skechers Set to Report Q2 2018 Results This Week
Skechers (SKX) is slated to release its Q2 2018 results after the market closes on July 19.
Skechers Stock Struggled after 1Q18 Results
Though Skechers outdid Wall Street expectations on both top and bottom lines, its second-quarter guidance left investors fretting.
Comparing Footwear Retailers’ Stock Price Movement
As of April 16, 2018, Deckers Outdoor (DECK), DSW (DSW), and Skechers (SKX) stock had risen 18.3%, 0.6%, 12.1%, respectively, year-to-date.
What Are Kohl’s Other Growth Strategies?
Under its Greatness Agenda strategy, Kohl’s is revamping its merchandise offerings, emphasizing the omnichannel experience, and optimizing its marketing spending.
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.
How Analysts View Foot Locker after Its Fiscal 4Q17 Results
As of March 6, 2018, most of the analysts covering Foot Locker (FL) have maintained “buy” ratings on its stock.
Foot Locker: Why Are Most Analysts Bullish on the Stock?
Of the 21 analysts covering FL stock, 52.0% recommended a “buy,” 38.0% recommended a “hold,” and the remaining 10.0% recommended a “sell.”
What to Expect from Foot Locker’s Fiscal 4Q17 Results
Foot Locker (FL) plans to announce its fiscal 4Q17 results on March 2. Analysts expect FL’s sales to grow ~5.0% compared with fiscal 4Q16.
Skechers Stock Soared after Strong Fourth-Quarter Results
Skechers’s (SKX) solid fourth-quarter results drove SKX stock higher by 7.5% on February 9, 2018.
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.
Skechers, the Top-Performing Sportswear Stock of 2017
The California-based Skechers (SKX) was among the best-performing sportswear stocks in 2017. The footwear company gained 54% during the year.
Sportswear Sector: 2017 in Review
2017 was a challenging year for US sportswear companies. Stiff competition, particularly in the North American market, and higher mark-downs hit comps and margins for most companies.
How Wall Street Views Under Armour in the New Year
Under Armour is covered by 31 Wall Street analysts, who jointly rate it a 3.2 on a scale of 1.0 (strong buy) to 5.0 (strong sell). UAA was rated a 2.3 in January 2017.
Why 49% of Nike Analysts Suggest a ‘Buy’
Wall Street has a positive to neutral view on Nike (NKE). The company is rated a 2.4 on a scale of 1 for “strong buy” to 5 for “sell.”
Nike’s Gross Margin Expected to Contract Further in Fiscal 2Q18
Nike’s (NKE) EPS (earnings per share) is expected to fall 18% YoY (year-over-year) to $0.41, according to Wall Street estimates.
Under Armour Stock Touches a 5-Year Low with Lower Guidance
Market reaction to Under Armour’s 3Q17 results Glum guidance along with a top-line miss may have cost Under Armour (UAA) almost a quarter of its stock value. The company’s stock price fell 23.7% after it released its 3Q17 results, touching a five-year low of $12.48 and closing at $12.52 on October 31. The stock fell […]
Skechers Stock Sees Its Best Day after Topping 3Q Expectations
Skechers’ stellar 3Q17 performance drove its stock price up 41% on October 20. It was the company’s biggest one-day gain since the company was listed in 1991.
What Drove Skechers’ Better-than-Expected Profits in 3Q17?
For 3Q17, which ended in late September, Skechers (SKX) recorded earnings per share growth of 40% YoY (year-over-year).
What Drove Skechers’ Better-than-Expected Top Line in 3Q17?
Skechers (SKX), which reported third-quarter results on October 19, posted a 16.2% YoY (year-over-year) increase in revenues to $1.09 billion.
Skechers’s Valuations: More Attractive than Most Sportswear Peers
Skechers’s (SKX) stock currently trades around 13 times its NTM (next-12-months) earnings, which compares to its three-year average PE (price-to-earnings) ratio of 16.3x.
Why Skechers Could See Earnings Growth after 5 Quarterly Declines
Skechers (SKX), which should be reporting third-quarter results on October 19, is expected to post a 31% YoY (year-over-year) rise in earnings per share (or EPS).
What Could Drive Skechers’ 3Q17 Top Line
As we’ve discussed in this series, Skechers (SKX) is slated to report its third-quarter results on October 19. Management expects revenues in the $1,050–$1,075 million range, rising 12.5% YoY (year-over-year) at the mid-point.
Is Skechers Correctly Valued? Let’s Discuss
Skechers (SKX) is currently valued at a one-year forward price-to-earnings ratio (or PE) of 14.7x, lower than its three-year average PE of 16.7x.
Discussing Wall Street’s View on Skechers
Skechers (SKX) is covered by 12 Wall Street analysts who jointly rate the company as a 2 on a scale of 1 (“strong buy”) to 5 (“sell”).
Skechers Reports Its Fifth Straight Fall in Earnings in 2Q17
Skechers, which released its 2Q17 results on July 20, 2017, reported earnings per share of $0.38. The company missed analysts’ consensus expectation by a margin of $0.06.
Understanding Skechers’s 2Q17 Top Line Beat
Skechers (SKX) reported a 17.3% YoY (year-over-year) rise in its 2Q17 top line to $1 billion, beating consensus expectations and its own guidance.
Skechers Misses on Earnings, Beats on Revenue in 2Q17
California-based Skechers reported its 2Q17 results after the market closed on July 20, 2017. The results relate to the three-month period that ended on June 30, 2017.
CLSA Rated Under Armour as ‘Buy’
Under Armour (UAA) reported 3Q16 net revenues of $1.5 billion, a year-over-year rise of 22.2%, compared to $1.2 billion in 3Q15.
CLSA Rated Nike as ‘Underperform’
Nike (NKE) has a market cap of $86.7 billion. It fell 0.64% to close at $52.93 per share on January 19, 2017.
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.
Buckingham Research Upgrades Deckers Outdoor to a ‘Buy’
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.
Jefferies Downgrades Steven Madden to ‘Hold’
On January 3, 2017, Jefferies downgraded Steven Madden’s rating from “buy” to “hold” and set the stock’s price target at $37.00 per share.
Drew Industries Announces Change of Name and Ticker Symbol
Drew Industries (DW) rose 3.4% to close at $111.80 per share during the third week of December 2016.
Under Armour Announces the Launch of New Shoes
Under Armour fell 1.9% to close at $31.67 per share on December 14. The stock’s weekly, monthly, and YTD price movements were -1.9%, 1.6%, and -21.4%.