Skechers USA Inc
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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.
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.
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.
Under Armour: What to Expect From Its Q2 Results
Under Armour’s second-quarter results are expected to be released on July 30. Under Armour’s earnings beat analysts’ forecast in the last three quarters.
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 Drove Skechers’ Stellar Q2 Results?
Skechers (SKX) announced better-than-expected results for the second quarter after financial markets closed on July 18.
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 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.
Skechers Stocks Plummets as Q1 Results Don’t Meet Expectations
Skechers stock was down 10.5% as of 1:32 pm ET today as the company missed analysts’ sales and earnings estimates for the first quarter of 2019.
Skechers’ Q1 Sales Growth: The Likely Drivers
Skechers’ (SKX) sales grew by double digits in three of the four quarters of 2018. The company’s sales grew 11.4% to $1.08 billion in the fourth quarter against analysts’ forecast of $1.10 billion.
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.
Skechers Stock Rises on Rating Upgrade from Susquehanna
Skechers (SKX) stock rose 2.8% as of 2:49 PM ET today as Susquehanna upgraded its rating to “positive” from “neutral,” citing growing momentum in Skechers’s business.
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.
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.
Will Skechers’ Q4 Earnings Beat Estimates amid Rising Expenses?
Skechers (SKX) has beaten analysts’ earnings expectations in two of the first three quarters of 2018. The company is scheduled to announce its fourth-quarter results on February 7.
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.
Deckers’ Recent Bottom-Line Performance Has Been Impressive
In the last ten quarters, Deckers Outdoor (DECK) has beaten analysts’ bottom-line estimates nine times and missed them just once.
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.
What Wall Street Expects from Nike’s Q2 2019 Revenue
Nike is scheduled to report 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’ Plans for Its Global Retail Business
Skechers’ retail segment is its second-largest segment. The segment accounted for 30.6% of the company’s overall sales in the third quarter.
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.
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.
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 […]
Strong Guidance Lifted Skechers Stock 13.8% on Friday
Skechers announced its third-quarter earnings results after the market closed on October 18.
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.
Skechers’ Ratings Slide after Recent Weak Results
Cowen & Company downgraded Skechers (SKX) from “outperform” to “market perform” in September.
A Look at Skechers’ Recent Growth Numbers
In the second quarter, Skechers recorded 25.0% YoY growth in its International Wholesale business and 13.0% YoY growth in its Global Retail business.
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.
Nike’s Gross Margin Could Improve More in Fiscal 2019
Wall Street expects an 8.8% growth in Nike’s first quarter of fiscal 2019 EPS to $0.62.
How Does Deckers’ Forward PE Stack Up against Its Peers’?
As of September 4, Deckers Outdoor (DECK) was trading at a 12-month forward PE ratio of 18.2x.
Foot Locker: Double-Digit Growth in Q2 2018?
Foot Locker (FL) is scheduled to announce its second fiscal quarter results on August 24. The adjusted EPS estimate is $0.70.
How Has DSW Stock Performed in 2018?
As of August 9, DSW (DSW) stock has risen an impressive 28.9% to $27.60 on a YTD (year-to-date) basis.
Evaluating Deckers’ Margin Performance in Fiscal Q1 2019
For fiscal Q1 2019, Deckers Outdoor Corporation (DECK) reported a gross profit of ~$115.0 million, up 26.9%.
Under Armour’s Q2 Earnings Meet Expectations
Under Armour’s reported gross margin declined for the 13th straight quarter, which stood at 44.8% of sales—down 110 basis points.
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.
What Drove Skechers’ Top Line in the Second Quarter?
Skechers’ (SKX) revenues increased 10.6% YoY (year-over-year) in the second quarter. The total revenues were $1.13 billion.
Skechers Is Penalized for Weak Second-Quarter Results
Skechers (SKX) saw a bloodbath in the stock market on July 20. The company disappointed investors with its second-quarter results.
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.
A Look at Footwear Retailers’ PE Valuation Numbers
On June 25, Deckers Outdoor (DECK) traded at a 12-month forward PE multiple of 18.0x, which is higher than the valuation multiples of the other footwear retailers.
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.
Analysts Upbeat about Footwear Retailers’ Earnings Growth in 2018
Analysts expect Foot Locker’s (FL) adjusted EPS (earnings per share) to grow 8.8% to $4.47 in fiscal 2018.
What Analysts Expect for Footwear Retailers’ Top Lines in 2018
Analysts expect Foot Locker’s (FL) sales to fall 1% to $7.7 billion in fiscal 2018.
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.
What Are Analysts Saying about Finish Line Stock?
On March 26, 2018, Finish Line (FINL) stock went up 31.1% following the announcement of the company’s takeover by UK-based sportswear retailer JD sports.
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.
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.
Under Armour Stock: 4Q17 Results Pause the Slide
Investors turned bullish on Under Armour (UAA) after the company reported a top-line beat, driven by a strong international performance.
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 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.
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.
How Cowen & Co. Views VFC and Skechers
Cowen & Co. analyst John Kernan put forward his positive stance on VF Corporation (VFC) and Skechers (SKX) after his visit to the 2018 Outdoor Retailer + Snow Show.
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.
Lululemon Athletica’s 2017 in Review
Despite heated competition, yoga-inspired athletic apparel retailer Lululemon Athletica (LULU) delivered strong results in 2017.
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.
Sportswear Stocks: What Analysts Are Saying
After a rough start to 2017, sportswear stocks seem to be recovering and closing the year on a positive note. Most sportswear companies have posted a decent rally over the last month.
A Look at Nike’s Stock Performance in 2017
Nike (NKE) has had a good run so far in 2017. The sportswear giant has gained 28% as of December 15, 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.