Skechers USA Inc

Under Armour’s share of the apparel market rose from 14% to 16%, year-over-year, in the first nine months of 2014.

The California-based Skechers (SKX) is slated to release its third-quarter 2017 results on Thursday, October 19.

In the last few quarters, Skechers (SKX) stock has shown high volatility after its quarterly results.

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.

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.

In fiscal 1Q17, Nike (NKE) repurchased 19 million shares for ~$1.1 billion.

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.

FDGRX’s core sectors are information technology, consumer discretionary, and healthcare. The first two sectors make up a little over 60% of the portfolio.

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.

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.

At its 2015 Investor Day held on September 14, Nike briefed the financial community on its targets for generating value for shareholders.

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.

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.

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%.

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.

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.

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 (NKE) fell 1.7% to close at $50.46 per share during the fifth week of November 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.

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%.

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 over the past few years has been compelling. The company has beaten consensus Wall Street revenue estimates and earnings estimates.

Primarily an apparel player, Under Armour (UA) has stepped up its pace in entering new footwear categories.

Nike (NKE) has a market cap of $91.3 billion. It fell 1.4% to close at $54.40 per share on September 26.

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.

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 beat analysts’ sales expectations despite the impact of COVID-19. The company had strong momentum in the first two months of 2020.

Skechers will likely release its first-quarter results after the financial markets close on Thursday. The company withdrew its Q1 guidance on March 18.

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 (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.

Lululemon Athletica (LULU) is set to announce its fiscal 2019 third-quarter earnings after the market closes on December 11.

Lululemon stock is beating the broader markets by a wide margin. Barclays has initiated coverage on LULU with an “overweight” rating.

North America is Nike’s (NKE) largest segment in terms of both revenue and operating profit.

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.

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.

Since the launch of its first line in 1992, Skechers has diversified into several new lines, targeting different demographics and different activities.

To maintain its market share and drive sales, Skechers spends considerable time and effort in marketing activities to promote its footwear globally.

In 2015, Skechers became the second-largest footwear company in the United States, trailing global market leader Nike (NKE).

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 designs footwear with its own in-house design team. However, it doesn’t own or operate any factories in which to conduct its manufacturing.

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.

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.

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.

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 (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.

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.

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.

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.

On March 18, Nike (NKE) was trading at 12-month forward PE multiple of 28.7x.

As of January 24, Deckers Outdoor (DECK) was trading at a 12-month forward PE multiple of 16.9x.

On January 22, Goldman Sachs upgraded Under Armour (UAA) to “buy.” The stock didn’t move much and fell marginally.

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.

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.

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.

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.

On January 9, HSBC upgraded Nike (NKE) to “buy” from “hold.” The target price increased to $95.00 from $92.00.

Forward PE multiples are one of the most important metrics used for investment decisions.

In 2018, Deckers Outdoor (DECK) stock soared 59.4%.

In the second quarter of fiscal 2019, Nike’s (NKE) revenue rose ~10% YoY (year-over-year) to $9.37 billion.

After the investor meeting on December 12, there have been two price changes for Under Armour.

Nike (NKE) is scheduled to announce its fiscal 2019 second-quarter earnings results on December 20.

As of November 28, Skechers (SKX) was trading at a 12-month forward PE multiple of 13.6x.

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.

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.

On October 2, Skechers shares fell ~2% after Citigroup downgraded the stock to “neutral” from “buy” due to the limited near-term upside.

Skechers (SKX) missed the same-store sales and bottom-line expectations when it reported its second-quarter results on July 19.

Skechers (SKX) is slated to release its Q2 2018 results after the market closes on July 19.

Though Skechers outdid Wall Street expectations on both top and bottom lines, its second-quarter guidance left investors fretting.

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.

Under its Greatness Agenda strategy, Kohl’s is revamping its merchandise offerings, emphasizing the omnichannel experience, and optimizing its marketing spending.

Out of the 31 analysts covering LULU, 58% of analysts have recommended buying the stock, while 39% have suggested holding it.

As of March 6, 2018, most of the analysts covering Foot Locker (FL) have maintained “buy” ratings on its 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.”

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’s (SKX) solid fourth-quarter results drove SKX stock higher by 7.5% on February 9, 2018.

In fiscal 2017, Skechers crossed the $4 billion mark in annual sales for the first time in its 25-year history.

The California-based Skechers (SKX) was among the best-performing sportswear stocks in 2017. The footwear company gained 54% during the year.

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.

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.

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 (NKE) EPS (earnings per share) is expected to fall 18% YoY (year-over-year) to $0.41, according to Wall Street estimates.

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’ 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.

For 3Q17, which ended in late September, Skechers (SKX) recorded earnings per share growth of 40% YoY (year-over-year).

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 (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.

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).

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.

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.

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, 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.

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.

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.

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.

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.

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.

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 (DW) rose 3.4% to close at $111.80 per share during the third week of December 2016.

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%.