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723600.0
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2015-08-13 00:00:00 UTC
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Easterly Government Properties, Inc. (DEA) Ex-Dividend Date Scheduled for August 14, 2015
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc-dea-ex-dividend-date-scheduled-august-14-2015-2015-08
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nan
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nan
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Easterly Government Properties, Inc. ( DEA ) will begin trading ex-dividend on August 14, 2015. A cash dividend payment of $0.21 per share is scheduled to be paid on September 03, 2015. Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 90.91% increase over the prior quarter. At the current stock price of $15.8, the dividend yield is 5.32%.
The previous trading day's last sale of DEA was $15.8, representing a -6.29% decrease from the 52 week high of $16.86 and a 4.08% increase over the 52 week low of $15.18.
DEA is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ).
For more information on the declaration, record and payment dates, visit the DEA Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. DEA is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). For more information on the declaration, record and payment dates, visit the DEA Dividend History page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Easterly Government Properties, Inc. ( DEA ) will begin trading ex-dividend on August 14, 2015. Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment.
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Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEA was $15.8, representing a -6.29% decrease from the 52 week high of $16.86 and a 4.08% increase over the 52 week low of $15.18. For more information on the declaration, record and payment dates, visit the DEA Dividend History page.
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Easterly Government Properties, Inc. ( DEA ) will begin trading ex-dividend on August 14, 2015. Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEA was $15.8, representing a -6.29% decrease from the 52 week high of $16.86 and a 4.08% increase over the 52 week low of $15.18.
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8d8bc38e-fa54-4234-ad19-75d47652af0a
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723601.0
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2015-06-17 00:00:00 UTC
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Wednesday 6/17 Insider Buying Report: EVA, DEA
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DEA
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https://www.nasdaq.com/articles/wednesday-617-insider-buying-report-eva-dea-2015-06-17
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nan
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nan
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Enviva Partners LP ( EVA ), a filing with the SEC revealed that on Tuesday, Director John C. Bumgarner Jr. purchased 22,884 shares of EVA, for a cost of $18.99 each, for a total investment of $434,508. Enviva Partners LP is trading up about 2.2% on the day Wednesday. This buy marks the first one filed by Bumgarner Jr. in the past year.
And at Easterly Government Properties ( DEA ), there was insider buying on Friday, by Chairman Darrell W. Crate who bought 20,000 shares for a cost of $15.90 each, for a total investment of $318,000. Before this latest buy, Crate made one other buy in the past year, purchasing $300,000 shares for a cost of $15.00 a piece. Easterly Government Properties is trading up about 0.3% on the day Wednesday. Bargain hunters can bag DEA at a price even lower than Crate did, with shares changing hands as low as $15.70 at last check today -- that's 1.3% under Crate's purchase price.
VIDEO: Wednesday 6/17 Insider Buying Report: EVA, DEA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And at Easterly Government Properties ( DEA ), there was insider buying on Friday, by Chairman Darrell W. Crate who bought 20,000 shares for a cost of $15.90 each, for a total investment of $318,000. Bargain hunters can bag DEA at a price even lower than Crate did, with shares changing hands as low as $15.70 at last check today -- that's 1.3% under Crate's purchase price. VIDEO: Wednesday 6/17 Insider Buying Report: EVA, DEA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And at Easterly Government Properties ( DEA ), there was insider buying on Friday, by Chairman Darrell W. Crate who bought 20,000 shares for a cost of $15.90 each, for a total investment of $318,000. VIDEO: Wednesday 6/17 Insider Buying Report: EVA, DEA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Bargain hunters can bag DEA at a price even lower than Crate did, with shares changing hands as low as $15.70 at last check today -- that's 1.3% under Crate's purchase price.
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And at Easterly Government Properties ( DEA ), there was insider buying on Friday, by Chairman Darrell W. Crate who bought 20,000 shares for a cost of $15.90 each, for a total investment of $318,000. VIDEO: Wednesday 6/17 Insider Buying Report: EVA, DEA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Bargain hunters can bag DEA at a price even lower than Crate did, with shares changing hands as low as $15.70 at last check today -- that's 1.3% under Crate's purchase price.
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And at Easterly Government Properties ( DEA ), there was insider buying on Friday, by Chairman Darrell W. Crate who bought 20,000 shares for a cost of $15.90 each, for a total investment of $318,000. Bargain hunters can bag DEA at a price even lower than Crate did, with shares changing hands as low as $15.70 at last check today -- that's 1.3% under Crate's purchase price. VIDEO: Wednesday 6/17 Insider Buying Report: EVA, DEA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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8dc09fb4-c091-4ecf-9a32-e7b5cd550d63
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723602.0
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2015-05-13 00:00:00 UTC
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Easterly Government Properties, Inc. (DEA) Ex-Dividend Date Scheduled for May 14, 2015
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc-dea-ex-dividend-date-scheduled-may-14-2015-2015-05-13
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nan
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nan
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Easterly Government Properties, Inc. ( DEA ) will begin trading ex-dividend on May 14, 2015. A cash dividend payment of $0.11 per share is scheduled to be paid on June 03, 2015. Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $15.92, the dividend yield is 2.76%.
The previous trading day's last sale of DEA was $15.92, representing a -5.58% decrease from the 52 week high of $16.86 and a 4.87% increase over the 52 week low of $15.18.
DEA is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ).
For more information on the declaration, record and payment dates, visit the DEA Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. DEA is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). For more information on the declaration, record and payment dates, visit the DEA Dividend History page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Easterly Government Properties, Inc. ( DEA ) will begin trading ex-dividend on May 14, 2015. Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment.
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Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the DEA Dividend History page. Easterly Government Properties, Inc. ( DEA ) will begin trading ex-dividend on May 14, 2015.
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Easterly Government Properties, Inc. ( DEA ) will begin trading ex-dividend on May 14, 2015. Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEA was $15.92, representing a -5.58% decrease from the 52 week high of $16.86 and a 4.87% increase over the 52 week low of $15.18.
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d12c9036-a5d0-46cc-928e-ef27f2524d7e
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723603.0
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2015-05-08 00:00:00 UTC
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Blank Check company Easterly Acquisition files for a $150 million IPO
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DEA
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https://www.nasdaq.com/articles/blank-check-company-easterly-acquisition-files-150-million-ipo-2015-05-08
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nan
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nan
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Easterly Acquisition, a blank check company formed by Easterly Capital own acquire a financial services business, filed and set terms for its IPO on Friday.
The Beverly, MA-based company plans to raise $150 million by offering 15 million units at a price $10 each. At that price, it would command a market value of $188 million.
Earlier this year, Easterly Capital brought Easterly Government Properties ( DEA ) public, and the REIT now trades 6% above its offer price.
Easterly Acquisition, which was formed in 2015, plans to list its units on the NASDAQ under the symbol EACQU. Citi is the sole bookrunner on the deal. No pricing date was disclosed.
The article Blank Check company Easterly Acquisition files for a $150 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earlier this year, Easterly Capital brought Easterly Government Properties ( DEA ) public, and the REIT now trades 6% above its offer price. Citi is the sole bookrunner on the deal. Easterly Acquisition, which was formed in 2015, plans to list its units on the NASDAQ under the symbol EACQU.
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Earlier this year, Easterly Capital brought Easterly Government Properties ( DEA ) public, and the REIT now trades 6% above its offer price. Citi is the sole bookrunner on the deal. Easterly Acquisition, a blank check company formed by Easterly Capital own acquire a financial services business, filed and set terms for its IPO on Friday.
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Earlier this year, Easterly Capital brought Easterly Government Properties ( DEA ) public, and the REIT now trades 6% above its offer price. Citi is the sole bookrunner on the deal. Easterly Acquisition, a blank check company formed by Easterly Capital own acquire a financial services business, filed and set terms for its IPO on Friday.
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Earlier this year, Easterly Capital brought Easterly Government Properties ( DEA ) public, and the REIT now trades 6% above its offer price. Citi is the sole bookrunner on the deal. The Beverly, MA-based company plans to raise $150 million by offering 15 million units at a price $10 each.
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f6d752ac-5e50-463b-93c7-f79a160760b1
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723604.0
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2015-03-09 00:00:00 UTC
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One REIT ETF to Buy Today
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DEA
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https://www.nasdaq.com/articles/one-reit-etf-buy-today-2015-03-09
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nan
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nan
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Real estate investment trusts (REITs) are dominating the dividend market right now - and it's a good time to buy a REIT ETF (exchange-traded fund) to play this trend.
REITs are companies that own or finance income-producing real estate properties. Like mutual funds, REITs provide investors stable income streams and capital appreciation. They are typically associated with shopping malls, office buildings, warehouses, hotels, and apartments.
And they've been tearing up the market lately. The Dow Jones REIT Index is up 13.9% in the last year. The FTSE NAREIT All REITs Index saw a 27.2% total return in 2014. The S&P U.S. REIT Index, which measures all public REITs based in the United States, has jumped 11.1% in the last five months alone.
It's not too late to benefit from a REIT ETF - and we found the best one for investors to buy today...
The Benefits of an REIT ETF
Most dividend plays , including REITs, perform well during periods of low interest rates. The 10-year Treasury note currently hovers around 2.2%. Its yield has dropped 10.4% since August.
Speculation concerning rate hikes still lingers. Friday's February jobs report showed the unemployment rate fell to 5.5%, which means the Federal Reserve could hike rates this year.
"If we gain confidence and continue to see the labor market improving, we will consider still raising rates," Yellen explained in her Feb. 25 monetary policy report to Congress.
But the Fed doesn't want to spook the market. It's not going to make any drastic interest rate changes any time soon.
REITs boast their own attractive qualities separate from other dividend investments. Their dividends are reliable because they come from constant streams of rent money paid by the REIT's property tenants.
The IRS also requires REITs to annually distribute 90% of their taxable income to shareholders. This law makes them among the highest dividend-paying investments, with a 4.1% average yield for all REITs as of November. That's higher than both General Electric Company (NYSE: GE ) and Caterpillar Inc. (NYSE: CAT ) - two of the top five highest-yielding stocks on the Dow Jones.
And the REIT industry is a profit gold mine that keeps expanding.
The industry's total market cap was $907.4 billion in 2014. That marks a staggering 235% increase since 2009. At this rate, it is well on its way to becoming a $1 trillion industry within the next few years.
According to the National Association of Real Estate Investment Trusts (NAREIT), there were 216 REITs on the U.S. market in 2014, a 52.1% increase from 142 in 2009. The number is growing as more REITs continue to hit the market.
"It was a pretty sensational year for REITs," said Rich Moore, managing director at RBC Capital Markets, in an NAREIT report. "Going [into 2015], you're going to have a positive year on the fundamentals side, no question about it."
Three REIT IPOs have already made huge waves in 2015. InfraREIT Inc.'s (NYSE: HIFR ) deal on Jan. 30 raised $460 million, making it the largest REIT IPO since Paramount Group Inc.'s (NYSE: PGRE ) $2.3 billion deal last fall. In February, Easterly Government Properties Inc. (NYSE: DEA ) and Great Ajax Corp. (NYSE: AJX ) respectively raised $180 million and $71 million.
Citigroup Inc. (NYSE: C ) researchers expect U.S. REITs in 2015 to stay boosted by strong capital flows from real estate investors around the world. And an REIT ETF is the best way to cast a wide net over the booming market. About $10.7 billion was invested in REIT ETFs last year, along with $1.2 billion already this year.
Here's one ETF that holds the largest REITs on the market...
The REIT ETF to Buy Right Now
The Vanguard REIT ETF (NYSE Arca: VNQ ) is the best bet for investors looking to buy into the largest REITs in the country. VNQ holds 141 stocks, representing a diverse spectrum of REITs owning office buildings, hotels, and other real estate. The ETF closely mirrors the returns of the MSCI U.S. REIT Index - another booming index covering about two-thirds of the U.S. REIT market.
Vanguard REIT ETF
Recent Price: $83.63
Market Cap: $28.28 billion
Institutional Ownership: 56%
Dividend Yield: 3.49%
EPS: N/A
Beta: 0.87
Established in 2004, VNQ has net assets in excess of $55.23 billion. The fund's top 10 holdings make up 38.1% of its total assets. And VNQ's top five holdings are each up more than 12% in the last six months.
The ETF's most unique benefit is its rock-bottom expense ratio. An expense ratio is the percentage of assets used to cover the company's internal expenses. These can include anything from advertising to administrative costs. According to Morningstar Inc. (Nasdaq: MORN ) research, VNQ has a 0.10% expense ratio. That's about 92% lower than the average expense ratio of funds with similar holdings.
The REIT ETF gained 25.5% in 2014. It smashed the S&P 500 and Dow by 14.1% and 18%, respectively. It has started off 2015 strong, up 3.2% since Jan. 2 and offering a strong yield of 3.49%.
The Bottom Line: A REIT ETF gives you the opportunity to profit from an entire dividend-paying sector for the price of one investment. The Vanguard REIT ETF is the real estate investment leader, holding the largest REIT operators out there and consistently stunning the broader market.
Bonus Content:You can make2015 your wealthiest year in a few simple moves.You just need to knowthe three common investing habits to dump immediately, the single most effective strategy for your portfolio, and five stocks to get you started to a wealthier you.Get all of that right now in this exclusive guide...
Follow me on Twitter:@AlexMcGuire92
Related Articles:
REIT.com: Analysts See Solid Returns for REITs in 2015
USA Today: Fed's Yellen: Rates May Rise With Inflation Low
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Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InfraREIT Inc.'s (NYSE: HIFR ) deal on Jan. 30 raised $460 million, making it the largest REIT IPO since Paramount Group Inc.'s (NYSE: PGRE ) $2.3 billion deal last fall. In February, Easterly Government Properties Inc. (NYSE: DEA ) and Great Ajax Corp. (NYSE: AJX ) respectively raised $180 million and $71 million. Bonus Content:You can make2015 your wealthiest year in a few simple moves.You just need to knowthe three common investing habits to dump immediately, the single most effective strategy for your portfolio, and five stocks to get you started to a wealthier you.Get all of that right now in this exclusive guide...
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InfraREIT Inc.'s (NYSE: HIFR ) deal on Jan. 30 raised $460 million, making it the largest REIT IPO since Paramount Group Inc.'s (NYSE: PGRE ) $2.3 billion deal last fall. In February, Easterly Government Properties Inc. (NYSE: DEA ) and Great Ajax Corp. (NYSE: AJX ) respectively raised $180 million and $71 million. Vanguard REIT ETF Recent Price: $83.63 Market Cap: $28.28 billion Institutional Ownership: 56% Dividend Yield: 3.49%
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InfraREIT Inc.'s (NYSE: HIFR ) deal on Jan. 30 raised $460 million, making it the largest REIT IPO since Paramount Group Inc.'s (NYSE: PGRE ) $2.3 billion deal last fall. In February, Easterly Government Properties Inc. (NYSE: DEA ) and Great Ajax Corp. (NYSE: AJX ) respectively raised $180 million and $71 million. Real estate investment trusts (REITs) are dominating the dividend market right now - and it's a good time to buy a REIT ETF (exchange-traded fund) to play this trend.
|
InfraREIT Inc.'s (NYSE: HIFR ) deal on Jan. 30 raised $460 million, making it the largest REIT IPO since Paramount Group Inc.'s (NYSE: PGRE ) $2.3 billion deal last fall. In February, Easterly Government Properties Inc. (NYSE: DEA ) and Great Ajax Corp. (NYSE: AJX ) respectively raised $180 million and $71 million. Real estate investment trusts (REITs) are dominating the dividend market right now - and it's a good time to buy a REIT ETF (exchange-traded fund) to play this trend.
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318691c0-717e-4b0e-9c9a-ba6a45779295
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723605.0
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2015-02-27 00:00:00 UTC
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US IPO Weekly Recap: No IPOs in final week of a challenging February
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DEA
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https://www.nasdaq.com/articles/us-ipo-weekly-recap-no-ipos-final-week-challenging-february-2015-02-27
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nan
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nan
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There were no initial public offerings in the past week, but recent IPO performance continues to trend up. The 24 IPOs in 2015 now average +18%, including +5% after the first day, its highest point this year.
A few highlights from February 2015:
• 10 IPOs priced in February, down from 20 in 2014
• These returned 7.5% on average; none have gained over 21%
• 6 IPOs postponed in February, up from 1 last year
• Year's two largest US IPOs: Inovalon ($600mm) and Columbia Pipeline LP ($1.1 billion)
Health care: popular sector has pushback
Five health care companies went public in February and five more postponed their IPOs. Of the five, only genetic test provider Invitae ( NVTA ) has gained more than 2%. Two companies (CHEKU, ITEK) received a greater valuation cut that 95% of 2014 IPOs and proceeded to trade flat. Bellerophon ( BLPH ) had the worst first-day performance for a biotech (-25%) in over 10 years and Nexvet ( NVET ) didn't do much better (-11%), but both have since climbed up to the IPO price. Don't expect the poor performance of these IPOs to dry up the pipeline; new health care companies continue to submit initial filings.
Three yield deals: Pipelines outperform
With energy stocks in the tank, REITs could replace MLPs as the 2015 IPO dividend play. We could also see a shift from MLPs with oil and gas collection assets to those with storage and long-distance transportation assets (CPPL, PESL, PESC) or GPs with their distribution rights (EQGP, TEGP).
Columbia Pipeline Partners LP (LP) was the best-performing February IPO, up 20% from its offer price, and the year's first to raise over $1 billion. Transportation assets are still necessary even with depressed oil and gas prices. Government property REIT Easterly ( DEA ) saw a moderate gain while sub-performing mortgage REIT Great Ajax (AJX) has had sub-par performance, down 1%.
A tech stock with aftermarket performance?
Inovalon (INOV), February's only tech IPO, priced above the range and ended its first day flat. It has since traded up 15%, providing retail investors with the chance to capture all of its gains.
Find out why institutional investors rely on Renaissance Capital's Pre-IPO Research for these IPOs.
Follow us on Twitter ( @IPOtweet ) for IPO news as it happens and register for our updates on the IPO market.
IPO market snapshot
The Renaissance IPO Index, a market cap weighted basket of newly public companies that is designed to represent the US IPO market, has traded up nearly 6% year-to-date, close to its all-time high. Renaissance Capital's IPO ETF ( IPO ) tracks the index, and top ETF holdings include Twitter ( TWTR ), Zoetis (ZTS), Alibaba (BABA), Hilton (HLT) and Ally Financial (ALLY). To find more about purchasing shares of the ETF from your broker, visit our new IPO investing page. The article US IPO Weekly Recap: No IPOs in final week of a challenging February originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Three yield deals: Pipelines outperform With energy stocks in the tank, REITs could replace MLPs as the 2015 IPO dividend play. Government property REIT Easterly ( DEA ) saw a moderate gain while sub-performing mortgage REIT Great Ajax (AJX) has had sub-par performance, down 1%. Bellerophon ( BLPH ) had the worst first-day performance for a biotech (-25%) in over 10 years and Nexvet ( NVET ) didn't do much better (-11%), but both have since climbed up to the IPO price.
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Three yield deals: Pipelines outperform With energy stocks in the tank, REITs could replace MLPs as the 2015 IPO dividend play. Government property REIT Easterly ( DEA ) saw a moderate gain while sub-performing mortgage REIT Great Ajax (AJX) has had sub-par performance, down 1%. A few highlights from February 2015: • 10 IPOs priced in February, down from 20 in 2014 • These returned 7.5% on average; none have gained over 21% • 6 IPOs postponed in February, up from 1 last year • Year's two largest US IPOs: Inovalon ($600mm) and Columbia Pipeline LP ($1.1 billion) Health care: popular sector has pushback Five health care companies went public in February and five more postponed their IPOs.
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Three yield deals: Pipelines outperform With energy stocks in the tank, REITs could replace MLPs as the 2015 IPO dividend play. Government property REIT Easterly ( DEA ) saw a moderate gain while sub-performing mortgage REIT Great Ajax (AJX) has had sub-par performance, down 1%. A few highlights from February 2015: • 10 IPOs priced in February, down from 20 in 2014 • These returned 7.5% on average; none have gained over 21% • 6 IPOs postponed in February, up from 1 last year • Year's two largest US IPOs: Inovalon ($600mm) and Columbia Pipeline LP ($1.1 billion) Health care: popular sector has pushback Five health care companies went public in February and five more postponed their IPOs.
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Three yield deals: Pipelines outperform With energy stocks in the tank, REITs could replace MLPs as the 2015 IPO dividend play. Government property REIT Easterly ( DEA ) saw a moderate gain while sub-performing mortgage REIT Great Ajax (AJX) has had sub-par performance, down 1%. A few highlights from February 2015: • 10 IPOs priced in February, down from 20 in 2014 • These returned 7.5% on average; none have gained over 21% • 6 IPOs postponed in February, up from 1 last year • Year's two largest US IPOs: Inovalon ($600mm) and Columbia Pipeline LP ($1.1 billion) Health care: popular sector has pushback Five health care companies went public in February and five more postponed their IPOs.
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83217189-4a81-4a50-b23f-9b95f7a261b2
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723606.0
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2015-02-06 00:00:00 UTC
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US IPO Weekly Recap: Yield takes the field as healthcare IPOs need a lifeline
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DEA
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https://www.nasdaq.com/articles/us-ipo-weekly-recap-yield-takes-field-healthcare-ipos-need-lifeline-2015-02-06
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nan
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nan
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Ten deals were on the IPO calendar to price this past week, but only three made it through as seven health care IPOs delayed going public. The year's first energy IPO was also the first to raise over $1 billion as natural gas MLP Columbia Pipeline Partners priced above its range and proceeded to trade up 21% on the first day. Another dividend company produced positive returns while a pet-focused biotech was forced to slash its valuation and still traded down. Four of the seven delayed health care deals rescheduled IPOs for next week, two were postponed indefinitely and one now plans to list on the OTC Markets.
First energy IPO of 2015 was the first to raise $1 billion
Spun out of NiSource ( NI ), Columbia Pipeline Partners LP ( CPPL ) owns a 15% interest in over 15,000 miles of interstate pipelines and one of the largest natural gas storage systems in the US. While the energy sector has broadly sold off due to lower oil and gas prices, Columbia's pipelines provide necessary transportation and storage for the glut of gas coming out of the Marcellus and Utica shales. At its upwardly revised price, the company came to market with a 2.9% yield, above last year's Dominion Midstream Partners (DM; +83%), and its dividend per share may grow as it acquires additional assets and a greater interest in its operating company.
Easterly Government Properties ( DEA ) priced at the midpoint and traded up 3% on its debut. The company went public with a 5.5% yield, about where November 2014 REIT IPO STORE Capital (STOR; +22%) priced. Easterly benefits from having creditworthy tenants like the DEA, FBI and IRS, but its contracts limit rent raises and allow for early termination.
Pet pain biotech takes a hit; week's only health care IPO underperforms
Nexvet Biopharma ( NVET ) cut its valuation by 31% from the midpoint and was down 10% by Friday. The company is developing what could be the first approved biologic to treat osteoarthritis pain in dogs, but remains years from approval.
What happened to the other seven health care deals?
Health care was the most active sector in 2014 and biotechs were among the best-performing group of IPOs, opening the window for the surge of health care IPOs this year. Yet recall that half of all 2014 health care deals priced below the range, and much of the sector's returns came from post-IPO follow-through. This week there appeared to be a valuation disconnect between IPO investors and company management, as four biotechs, two devices and one medical product failed to price. Investors had many microcap deals vying for attention, but none had the profile of the prior week's Spark Therapeutics (ONCE; +95%). There may have been valid concerns over execution risk, intense competition and the companies' need for additional capital later on. Now we must stay tuned until next week to see whether the delayed deals can get done.
Four health care IPOs pushed back to next week
Carbylan Therapeutics (CBYL), which is developing an injectable treatment for osteoarthritis pain in the knee, addresses an $800 million market with its alternative pain therapy, yet competitive products are widely available, it may need additional cash and insiders were not buying on the IPO (unlike 75% of biotechs). Inotek Pharmaceuticals (ITEK) boasts a $2 billion US market for its glaucoma treatment, which has shown efficacy without adverse events in clinical trials. However, the early-stage biotech is betting on its one product candidate that will struggle to come to market before that of close peer Aerie Pharmaceuticals (AERI). AltheaDx (IDGX), which sells personalized genetic tests for preventing adverse drug reactions, has grown rapidly and targets high gross margins but its industry is largely untested. Infraredx (REDX), which sells catheter systems for detecting coronary artery disease, delayed its IPO again after it was originally scheduled for the week before. Close peer Avinger (AVGR) is up 0.4% from its IPO two weeks ago.
Insulin pumps and PET scans postpone
Two companies officially postponed their deals without setting a future IPO date. With a $550 million market cap, Advanced Accelerator Applications (AAAP) was the largest of the seven that failed to go public. Its imaging business generated $74 million in the trailing twelve months, but uncertainty over a nascent therapeutics division may have caused investors to demand a greater valuation discount than the company would accept. The week's only medical products company, Asante Solutions (PUMP), postponed its $49 million IPO. Insulin pump therapy is a large but extremely competitive market, and Asante's solution remains commercially unproven with negative gross margins, high cash burn and a product model that requires additional development.
EyeGate Pharmaceuticals (EYEG) further reduced its deal size and now plans to list on the OTC Markets instead of the NASDAQ, and we will therefore no longer track it. A small blank check company, Barington/Hilco Acquisition (BHACU), raised $40 million and began trading on Friday.
Find out why institutional investors rely on Renaissance Capital's Pre-IPO Research for these IPOs.
Follow us on Twitter ( @IPOtweet ) for IPO news as it happens and register for our updates on the IPO market.
IPO market snapshot
The Renaissance IPO Index, a market cap weighted basket of newly public companies that is designed to represent the US IPO market, has gained 1.1% year-to-date and traded up 3.1% in the past week, driven by a strong earnings report from Twitter. Renaissance Capital's IPO ETF ( IPO ) tracks the index, and top ETF holdings include Zoetis (ZTS), Twitter (TWTR), Alibaba (BABA), Hilton (HLT) and Ally Financial (ALLY). To find more about purchasing shares of the ETF from your broker, visit our new IPO investing page. The article US IPO Weekly Recap: Yield takes the field as healthcare IPOs need a lifeline originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Ten deals were on the IPO calendar to price this past week, but only three made it through as seven health care IPOs delayed going public. Four of the seven delayed health care deals rescheduled IPOs for next week, two were postponed indefinitely and one now plans to list on the OTC Markets. Easterly Government Properties ( DEA ) priced at the midpoint and traded up 3% on its debut.
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Ten deals were on the IPO calendar to price this past week, but only three made it through as seven health care IPOs delayed going public. Four of the seven delayed health care deals rescheduled IPOs for next week, two were postponed indefinitely and one now plans to list on the OTC Markets. Easterly Government Properties ( DEA ) priced at the midpoint and traded up 3% on its debut.
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Ten deals were on the IPO calendar to price this past week, but only three made it through as seven health care IPOs delayed going public. Four of the seven delayed health care deals rescheduled IPOs for next week, two were postponed indefinitely and one now plans to list on the OTC Markets. Easterly Government Properties ( DEA ) priced at the midpoint and traded up 3% on its debut.
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Ten deals were on the IPO calendar to price this past week, but only three made it through as seven health care IPOs delayed going public. Four of the seven delayed health care deals rescheduled IPOs for next week, two were postponed indefinitely and one now plans to list on the OTC Markets. Easterly Government Properties ( DEA ) priced at the midpoint and traded up 3% on its debut.
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2015-02-05 00:00:00 UTC
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Easterly Government Properties prices IPO at $15, midpoint of the range
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https://www.nasdaq.com/articles/easterly-government-properties-prices-ipo-15-midpoint-range-2015-02-05
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Easterly Government Properties, a newly formed REIT focused on office properties leased to the US government, raised $180 million by offering 12 million shares at $15, the midpoint of the $14-$16 range. Easterly Government Properties will list on the NYSE under the symbol DEA. Easterly Government Properties initially filed confidentially on October 17, 2014. Citi, Raymond James and RBC Capital Markets acted as lead managers on the deal.
The article Easterly Government Properties prices IPO at $15, midpoint of the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Citi, Raymond James and RBC Capital Markets acted as lead managers on the deal. Easterly Government Properties will list on the NYSE under the symbol DEA. Easterly Government Properties, a newly formed REIT focused on office properties leased to the US government, raised $180 million by offering 12 million shares at $15, the midpoint of the $14-$16 range.
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Easterly Government Properties will list on the NYSE under the symbol DEA. Citi, Raymond James and RBC Capital Markets acted as lead managers on the deal. The article Easterly Government Properties prices IPO at $15, midpoint of the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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Easterly Government Properties will list on the NYSE under the symbol DEA. Citi, Raymond James and RBC Capital Markets acted as lead managers on the deal. Easterly Government Properties, a newly formed REIT focused on office properties leased to the US government, raised $180 million by offering 12 million shares at $15, the midpoint of the $14-$16 range.
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Easterly Government Properties will list on the NYSE under the symbol DEA. Citi, Raymond James and RBC Capital Markets acted as lead managers on the deal. Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security.
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2015-02-03 00:00:00 UTC
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10 IPOs This Week Led by Columbia Pipeline Partners LP Stock (NYSE: CPPL)
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https://www.nasdaq.com/articles/10-ipos-week-led-columbia-pipeline-partners-lp-stock-nyse-cppl-2015-02-03
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There are 10 new IPOs this week on the debut calendar. They're expected to raise a combined $1.4 billion.
According to Renaissance Capital, a manager of IPO-focused ETFs, January saw a total of 14 IPO pricings. But Shake Shack Inc. (NYSE: SHAK ) and Spark Therapeutics Inc. (Nasdaq: ONCE ) stole the spotlight. Those stocks both priced 40% above their proposed midpoints. They were also the first two IPOs to soar more than 100% on the same day since July 2000.
Leading the pack this week are two high-yield investments : Columbia Pipeline Partners LP ( CPPL ) and Easterly Government Properties Inc. ( DEA ). Those two offerings alone are expected to bring in 70% of this week's total funds raised.
Here's a look at the rest of the upcoming IPOs this week...
10 Upcoming IPOs This Week
Columbia Pipeline Partners LP ( CPPL ) is a master limited partnership ( MLP ) and subsidiary of energy holding company NiSource Inc. (NYSE: NI ). The MLP owns a 15% interest in 15,000 miles of interstate pipelines. It also owns one of the largest natural gas storage systems in the United States. Columbia Pipeline Partners plans to raise $800 million by offering 40 million shares at a $19 to $21 price range. The company has a market value of $1.9 billion. CPPL stock will debut Friday, Feb. 6.
Easterly Government Properties Inc. ( DEA ) is a real estate investment trust (REIT) that leases office space and other properties to government agencies. Easterly owns 29 properties across several states, primarily California, Texas, and Virginia. The REIT offers a high yield of 5.5%. It plans to raise $180 million by selling 12 million shares at a price range of $14 to $16. The company is currently valued at $568 million and its stock will begin trading Friday, Feb. 6.
DEA joins a long list of REIT IPOs that have flooded the market in the past few months. In November, the Paramount Group Inc. (NYSE: PGRE ) IPO raised $2.3 billion. That was the largest IPO ever for a U.S. REIT. Store Capital Corp. (NYSE: STOR ) is up 17.7% since its Nov. 18 debut. In its debut last Friday, electric infrastructure REIT InfraREIT Inc. (NYSE: HIFR ) traded up 16% from its opening price of $23.
Money Morning Members: Continue reading for eight more IPOs this week. For those new to Money Morning , sign up to keep reading - it's completely free...
Advanced Accelerator Applications (Nasdaq: AAAP) sells PET scan imaging products. It's also developing a treatment for rare tumors. The French pharmaceutical company has several nuclear medicine drug candidates under development. It reported $82 million in sales for the first three quarters of 2014. Advanced Accelerator Applications is set for a $75 million deal. It will offer 5.4 million shares at a $13 to $15 price range. The company is valued at $538 million. AAAP stock will begin trading Thursday, Feb. 5.
Carbylan Therapeutics Inc. (Nasdaq: CBYL) is a biotech firm developing an injectable combination treatment for osteoarthritis pain. Close peer Flexion Therapeutics (Nasdaq: FLXN ) has risen 40% from its offer price last April. The company hopes to raise $75 million by selling 5.8 million shares at a price range of $12 to $14. According to Renaissance Capital, it has a $211 million valuation and expects to go public this week.
Inotek Pharmaceuticals Corp. (Nasdaq: ITEK) is a clinical stage company that develops therapies for glaucoma and other eye diseases. It has an eye drop glaucoma treatment in a phase two trial and expects to wrap phase three by 2017. Another eye-care company, Ocular Therapeutix Inc. (Nasdaq: OCUL ), has soared 132% since its July 2014 opening. Inotek plans to raise $65 million by offering 4.6 million shares at a $13 to $15 price range. The company is valued at $200 million. ITEK stock will hit the market Thursday, Feb. 5.
AltheaDx Inc. (Nasdaq: IDGX) looks to raise $60 million by offering 4.6 million shares at a price range of $12 to $14. IDGX will begin trading Wednesday, Feb. 4.
Nexvet Biopharma Plc. (Nasdaq: NVET) is set for a $58 million deal by selling 4 million shares at a $13 to $16 price range. NVET stock will debut Thursday, Feb. 5.
Infraredx Inc. (Nasdaq: REDX) plans to raise $56 million by offering 4 million shares at a $13 to $15 price range. Infraredx was delayed from last week and will hit the market Wednesday, Feb. 4.
Asante Solutions Inc. (Nasdaq: PUMP) hopes to raise $49 million by offering 3.5 million shares at a price range of $13 to $15. The company will start trading Thursday, Feb. 5.
EyeGate Pharmaceuticals Inc. (Nasdaq: EYEG) originally filed in October to raise $25 million but has since cut that figure in half. The company will offer 1.4 million shares at a $6 to $8 range. According to Renaissance Capital, EYEG is set to begin trading sometime this week.
Investing in IPOs can be risky - but we know how to make it profitable... Typically, unless you have millions of dollars to invest, you are left out of the big money. But Money Morning experts have found a way for investors to play the IPO marketand see the types of gains normally reserved for the "Insiders Club"...
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading the pack this week are two high-yield investments : Columbia Pipeline Partners LP ( CPPL ) and Easterly Government Properties Inc. ( DEA ). Easterly Government Properties Inc. ( DEA ) is a real estate investment trust (REIT) that leases office space and other properties to government agencies. DEA joins a long list of REIT IPOs that have flooded the market in the past few months.
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Leading the pack this week are two high-yield investments : Columbia Pipeline Partners LP ( CPPL ) and Easterly Government Properties Inc. ( DEA ). Easterly Government Properties Inc. ( DEA ) is a real estate investment trust (REIT) that leases office space and other properties to government agencies. DEA joins a long list of REIT IPOs that have flooded the market in the past few months.
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Leading the pack this week are two high-yield investments : Columbia Pipeline Partners LP ( CPPL ) and Easterly Government Properties Inc. ( DEA ). Easterly Government Properties Inc. ( DEA ) is a real estate investment trust (REIT) that leases office space and other properties to government agencies. DEA joins a long list of REIT IPOs that have flooded the market in the past few months.
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Leading the pack this week are two high-yield investments : Columbia Pipeline Partners LP ( CPPL ) and Easterly Government Properties Inc. ( DEA ). Easterly Government Properties Inc. ( DEA ) is a real estate investment trust (REIT) that leases office space and other properties to government agencies. DEA joins a long list of REIT IPOs that have flooded the market in the past few months.
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2015-02-02 00:00:00 UTC
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Week ahead: IPO market set for another surge in the health care sector with 10 IPOs
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https://www.nasdaq.com/articles/week-ahead-ipo-market-set-another-surge-health-care-sector-10-ipos-2015-02-02
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Ten IPOs are on the IPO calendar to raise $1.4 billion, led by an $800 million offering of natural gas pipelines. The MLP is joined by a government-focused REIT as the two dividend-producing IPOs seek to price late in the week. The remaining eight IPOs are in the health care sector and include four biotechs, one medical device company and three in the diagnostics space. Last week saw a hot gene therapy biotech ( ONCE ) gain over 100% while other health care IPOs had average returns.
Gas pipeline MLP and office REIT could raise $1 billion
Columbia Pipeline Partners LP ( CPPL ) is set to raise $800 million at a market value of $1.9 billion. A spinoff of Nisource, the MLP owns a 15% interest in 15,000 miles of interstate pipelines and one of the largest natural gas storage systems in the US. It targets an initial annual yield of 3.4% at the midpoint. A number of recent midstream MLP IPOs in the Utica and Marcellus shales (RMP, AM, CNNX) trade below the offer price, but Columbia's transportation and storage assets could draw more comparisons to Dominion Midstream (DM; +66%) than gas gathering pipeline MLPs.
Easterly Government Properties ( DEA ) leases office space to government agencies, including the DEA, FBI and IRS. It owns 29 properties across several states (primarily CA, TX, VA) and targets an initial yield of 5.5%. On Friday, Texas-based electric infrastructure REIT InfraREIT ( HIFR ) traded up 16% on Friday after it priced above the range.
Osteoarthritis pain, pet pain and PET scans
Carbylan Therapeutics ( CBYL ) is developing an injectable combination therapy for osteoarthritis pain that it believes is more effective than Genzyme's market-leading treatment. Close peer and 2014 IPO Flexion Therapeutics (FLXN) is up over 50% from the offer price, but Carbylan will face intense competition and likely need additional capital. Nexvet (NVET) has developed a platform for developing pet therapies based on blockbuster biologics approved for use in humans. Its most advanced drug candidate for osteoarthritis pain in dogs is undergoing a pivotal trial with data expected later this year. Advanced Accelerator Applications (AAAP) markets diagnostics imaging products used in PET scans and booked $74 million in sales in the trailing twelve months. However, the company also has several nuclear medicine drug candidates under development, including an orphan-designated treatment for midgut neuroendocrine tumors in a Phase 3 trials.
Two eye-focused biotech IPOs
Inotek Pharmaceuticals (ITEK) is in a Phase 2 trial for an eye drop therapy aimed at treating glaucoma, and expects to complete Phase 3 trials by early 2017. The company believes that its combination therapy with market-leading drug latanoprost is more effective than latanoprost alone. Close peers and recent IPOs Aerie Pharmaceuticals (AERI; +180%) and Ocular Therapeutix (OCUL; +135%) have outperformed. Microcap biotech EyeGate Pharmaceuticals (EYEG) originally planned to price its $10 million IPO late last year, postponed and returned to the calendar last week, and pushed back the offering to this week.
Drug reaction tests, insulin pumps and coronary catheters
AltheaDx (IDGX) began selling its gene-based tests in October 2013 for predicting adverse drug reactions, and booked $17 million in sales in the last twelve months. Its target market remains largely unproven, but the wide market opportunity, fast growth (220% in the 9mo14) and improving margins could fuel some interest. Asante Solutions (PUMP) hopes to expand the $1.4 billion market for insulin pumps with its system. The company faces considerable hurdles as it attempts to take market share from established competitors and achieve a positive gross margin, though its easy-to-use pre-filled cartridges could convince hesitant diabetics to make the switch to its pump system. Infraredx (REDX), which sells optical catheter systems for coronary artery disease, had planned to price its $56 million IPO last Thursday, but pushed the offering to this week. Last week's coronary catheter maker, Avinger (AVGR), priced at the midpoint and traded up 4%.
Barington/Hilco Acquisition (BHACU), a blank check company formed to acquire a US consumer business, plans to raise $10 million.
Renaissance Capital issued institutional Pre-IPO Research on these IPOs prior to pricing.
Follow us on Twitter ( @IPOtweet ) for IPO news as it happens and register for our updates on the IPO market.
IPO Pipeline update
Small biotech Summit Corp. (SMMT) was the only initial filer last week - the second week in a row with just one IPO added to the pipeline. Deals continued to join the calendar, including healthcare analytics company Inovalon Holdings (INOV), which is set to raise $500 million at a diluted market cap of $3.4 billion during the week of February 9. Another dividend IPO, Sol-Wind Renewable Power LP (SLWD), also set terms to price next week.
IPO Index hit by Alibaba
The Renaissance US IPO Index, a market cap weighted basket of newly public companies designed to represent the US IPO market, gained 7.7% in 2014 but fell 4.2% last week due to Alibaba's dip. Renaissance Capital's IPO ETF tracks the index, and its top holdings include Zoetis (ZTS), Alibaba (BABA), Twitter (TWTR), Ally Financial (ALLY) and Hilton (HLT). The article Week ahead: IPO market set for another surge in the health care sector with 10 IPOs originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deals continued to join the calendar, including healthcare analytics company Inovalon Holdings (INOV), which is set to raise $500 million at a diluted market cap of $3.4 billion during the week of February 9. Easterly Government Properties ( DEA ) leases office space to government agencies, including the DEA, FBI and IRS. The company faces considerable hurdles as it attempts to take market share from established competitors and achieve a positive gross margin, though its easy-to-use pre-filled cartridges could convince hesitant diabetics to make the switch to its pump system.
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Easterly Government Properties ( DEA ) leases office space to government agencies, including the DEA, FBI and IRS. Deals continued to join the calendar, including healthcare analytics company Inovalon Holdings (INOV), which is set to raise $500 million at a diluted market cap of $3.4 billion during the week of February 9. Gas pipeline MLP and office REIT could raise $1 billion Columbia Pipeline Partners LP ( CPPL ) is set to raise $800 million at a market value of $1.9 billion.
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Easterly Government Properties ( DEA ) leases office space to government agencies, including the DEA, FBI and IRS. Deals continued to join the calendar, including healthcare analytics company Inovalon Holdings (INOV), which is set to raise $500 million at a diluted market cap of $3.4 billion during the week of February 9. IPO Index hit by Alibaba The Renaissance US IPO Index, a market cap weighted basket of newly public companies designed to represent the US IPO market, gained 7.7% in 2014 but fell 4.2% last week due to Alibaba's dip.
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Easterly Government Properties ( DEA ) leases office space to government agencies, including the DEA, FBI and IRS. Deals continued to join the calendar, including healthcare analytics company Inovalon Holdings (INOV), which is set to raise $500 million at a diluted market cap of $3.4 billion during the week of February 9. Gas pipeline MLP and office REIT could raise $1 billion Columbia Pipeline Partners LP ( CPPL ) is set to raise $800 million at a market value of $1.9 billion.
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2015-01-26 00:00:00 UTC
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US Government-focused REIT Easterly Government Properties sets terms for $180 million IPO
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https://www.nasdaq.com/articles/us-government-focused-reit-easterly-government-properties-sets-terms-180-million-ipo-2015
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Easterly Government Properties, a newly formed REIT focused on properties leased to the US government, announced terms for its IPO on Monday. The Washington D.C.-based company plans to raise $180 million by offering 12.0 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Easterly Government Properties would command a fully diluted market value of $568 million.
Easterly Government Properties, which was formed in 2014 and booked about $70 million in pro forma sales for the 12 months ended September 30, 2014, plans to list on the NYSE under the symbol DEA. Citi, Raymond James and RBC Capital Markets are the joint bookrunners on the deal. It is expected to price during the week of February 2, 2015.
The article US Government-focused REIT Easterly Government Properties sets terms for $180 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties, which was formed in 2014 and booked about $70 million in pro forma sales for the 12 months ended September 30, 2014, plans to list on the NYSE under the symbol DEA. Citi, Raymond James and RBC Capital Markets are the joint bookrunners on the deal. At the midpoint of the proposed range, Easterly Government Properties would command a fully diluted market value of $568 million.
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Easterly Government Properties, which was formed in 2014 and booked about $70 million in pro forma sales for the 12 months ended September 30, 2014, plans to list on the NYSE under the symbol DEA. Citi, Raymond James and RBC Capital Markets are the joint bookrunners on the deal. At the midpoint of the proposed range, Easterly Government Properties would command a fully diluted market value of $568 million.
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Easterly Government Properties, which was formed in 2014 and booked about $70 million in pro forma sales for the 12 months ended September 30, 2014, plans to list on the NYSE under the symbol DEA. Citi, Raymond James and RBC Capital Markets are the joint bookrunners on the deal. Easterly Government Properties, a newly formed REIT focused on properties leased to the US government, announced terms for its IPO on Monday.
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Easterly Government Properties, which was formed in 2014 and booked about $70 million in pro forma sales for the 12 months ended September 30, 2014, plans to list on the NYSE under the symbol DEA. Citi, Raymond James and RBC Capital Markets are the joint bookrunners on the deal. Easterly Government Properties, a newly formed REIT focused on properties leased to the US government, announced terms for its IPO on Monday.
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2023-12-16 18:00:00 UTC
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3 Highly Ranked Retail Stocks to Buy at Year's End
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https://www.nasdaq.com/articles/3-highly-ranked-retail-stocks-to-buy-at-years-end
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As we start to round out the year, retail stocks may become more of a focal point for investors’ portfolios in 2024. To that point, a more dovish Fed is starting to allude to the notion that inflation will be easier on consumers going forward and a few Zacks Retail and Wholesale sector stocks are standing out.
Added to the coveted Zacks Rank #1 (Strong Buy) list last week here are three highly ranked retail stocks to consider in December.
Casey’s General Stores CASY
With its convenience stores continuing to pop up throughout the Midwest, investors should take notice of Casey’s General Stores' steady growth. This is especially true with the Zacks Retail-Convivence Stores Industry currently in the top 1% of over 250 Zacks industries.
Correlating with such, annual earnings estimates for Casey’s current fiscal 2024 have risen 7% over the last 30 days while FY25 EPS estimates are up 4%. More importantly, Casey’s stock remains a very viable option in regards to growth with EPS now expected to expand 6% in FY24 and rise another 8% in FY25 to $13.37 per share. Notably, Casey’s stock has risen +21% in 2023 and is now up +52% over the last three years to top the S&P 500’s +26% and the Nasdaq’s +17%.
Image Source: Zacks Investment Research
Deckers Outdoor DECK
Deckers Outdoor’s niche as a leading provider of footwear and accessories for outdoor sports and other lifestyle-related activities has sustained the company’s robust bottom line. Now looks like an ideal time to buy Deckers stock with earnings estimates for its current FY24 and FY25 nicely up over the last 30 days as well.
Furthermore, Deckers’ storied growth has continued as FY24 EPS projections of $23.49 per share would be a 21% increase from earings of $19.37 a share in FY23. Even better, FY25 EPS is expected to expand another 13% with Deckers' stock soaring +77% YTD and now up +136% in the last three years.
Image Source: Zacks Investment Research
PDD Holdings PDD
Rounding out the list, PDD Holdings also known as Pinduodou is one of the fastest growing e-commerce platforms in China. After a high global inflationary environment over the last few years, PDD Holdings is taking advantage of deflation in China as well. Taking market share from Chinese e-commerce giants like Alibaba BABA and JD.com JD, PDD Holdings annual earnings are now anticipated to soar 43% this year to $5.69 per share compared to $3.98 a share in 2022.
Plus, FY24 EPS is projected to climb another 22% to $6.96 per share. It's also noteworthy, that in the last 60 days, FY23 and FY24 earnings estimates have climbed 15% and 17% respectively. PDD Holdings price performance over the last three years is virtually flat but shares have soared +81% in 2023 as the company’s earnings outlook continues to strengthen.
Image Source: Zacks Investment Research
Bottom Line
Rising earnings estimates are a reminder that the impressive price performances of these retail stocks should continue as 2024 approaches. The expansive growth of Casey’s General Stores, Deckers Outdoor, and PDD Holdings continues to support this as well making them strong investment options for 2023 and beyond.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
PDD Holdings Inc. (PDD) : Free Stock Analysis Report
JD.com, Inc. (JD) : Free Stock Analysis Report
Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The expansive growth of Casey’s General Stores, Deckers Outdoor, and PDD Holdings continues to support this as well making them strong investment options for 2023 and beyond. Image Source: Zacks Investment Research Deckers Outdoor DECK Deckers Outdoor’s niche as a leading provider of footwear and accessories for outdoor sports and other lifestyle-related activities has sustained the company’s robust bottom line. Now looks like an ideal time to buy Deckers stock with earnings estimates for its current FY24 and FY25 nicely up over the last 30 days as well.
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Image Source: Zacks Investment Research Deckers Outdoor DECK Deckers Outdoor’s niche as a leading provider of footwear and accessories for outdoor sports and other lifestyle-related activities has sustained the company’s robust bottom line. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report PDD Holdings Inc. (PDD) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report To read this article on Zacks.com click here. Now looks like an ideal time to buy Deckers stock with earnings estimates for its current FY24 and FY25 nicely up over the last 30 days as well.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report PDD Holdings Inc. (PDD) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: Zacks Investment Research Deckers Outdoor DECK Deckers Outdoor’s niche as a leading provider of footwear and accessories for outdoor sports and other lifestyle-related activities has sustained the company’s robust bottom line. Now looks like an ideal time to buy Deckers stock with earnings estimates for its current FY24 and FY25 nicely up over the last 30 days as well.
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The expansive growth of Casey’s General Stores, Deckers Outdoor, and PDD Holdings continues to support this as well making them strong investment options for 2023 and beyond. Image Source: Zacks Investment Research Deckers Outdoor DECK Deckers Outdoor’s niche as a leading provider of footwear and accessories for outdoor sports and other lifestyle-related activities has sustained the company’s robust bottom line. Now looks like an ideal time to buy Deckers stock with earnings estimates for its current FY24 and FY25 nicely up over the last 30 days as well.
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69090205-70fa-4eb1-8b45-666549d80b6b
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723612.0
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2023-12-16 14:00:00 UTC
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Commit To Buy Deckers Outdoor At $700, Earn 13.3% Annualized Using Options
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DECK
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https://www.nasdaq.com/articles/commit-to-buy-deckers-outdoor-at-%24700-earn-13.3-annualized-using-options
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nan
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nan
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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but tentative about paying the going market price of $710.46/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August 2024 put at the $700 strike, which has a bid at the time of this writing of $61.70. Collecting that bid as the premium represents a 8.8% return against the $700 commitment, or a 13.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Selling a put does not give an investor access to DECK's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $700 strike if doing so produced a better outcome than selling at the going market price. (Do options carry counterparty risk? This and six other common options myths debunked). So unless Deckers Outdoor Corp. sees its shares decline 0.4% and the contract is exercised (resulting in a cost basis of $638.30 per share before broker commissions, subtracting the $61.70 from $700), the only upside to the put seller is from collecting that premium for the 13.3% annualized rate of return.
Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $700 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the August 2024 put at the $700 strike for the 13.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 250 trading day closing values as well as today's price of $710.46) to be 31%. For other put options contract ideas at the various different available expirations, visit the DECK Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Monday, the put volume among S&P 500 components was 2.12M contracts, with call volume at 2.12M, for a put:call ratio of 0.71 so far for the day, which is above normal compared to the long-term median put:call ratio of .65. In other words, if we look at the number of call buyers and then use the long-term median to project the number of put buyers we'd expect to see, we're actually seeing more put buyers than expected out there in options trading so far today. Find out which 15 call and put options traders are talking about today.
Top YieldBoost Puts of the S&P 500 »
Also see:
RMCO Average Annual Return
EGBN Dividend History
Institutional Holders of EWGS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but tentative about paying the going market price of $710.46/share, might benefit from considering selling puts among the alternative strategies at their disposal. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $700 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the August 2024 put at the $700 strike for the 13.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 250 trading day closing values as well as today's price of $710.46) to be 31%.
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Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $700 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the August 2024 put at the $700 strike for the 13.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 250 trading day closing values as well as today's price of $710.46) to be 31%. Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but tentative about paying the going market price of $710.46/share, might benefit from considering selling puts among the alternative strategies at their disposal.
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Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $700 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the August 2024 put at the $700 strike for the 13.3% annualized rate of return represents good reward for the risks. Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but tentative about paying the going market price of $710.46/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to DECK's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but tentative about paying the going market price of $710.46/share, might benefit from considering selling puts among the alternative strategies at their disposal. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $700 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the August 2024 put at the $700 strike for the 13.3% annualized rate of return represents good reward for the risks. Selling a put does not give an investor access to DECK's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
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ee4b0c84-6c29-4802-882f-9705d3be7a75
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723613.0
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2023-12-16 10:00:00 UTC
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Are Retail-Wholesale Stocks Lagging Deckers Outdoor (DECK) This Year?
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DECK
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https://www.nasdaq.com/articles/are-retail-wholesale-stocks-lagging-deckers-outdoor-deck-this-year-1
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nan
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nan
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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Deckers (DECK) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Deckers is one of 221 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Deckers is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DECK's full-year earnings has moved 4.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, DECK has gained about 76.1% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 24.9%. This means that Deckers is outperforming the sector as a whole this year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is MINISO Group Holding Limited Unsponsored ADR (MNSO). The stock is up 78.4% year-to-date.
For MINISO Group Holding Limited Unsponsored ADR, the consensus EPS estimate for the current year has increased 12.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Deckers is a member of the Retail - Apparel and Shoes industry, which includes 43 individual companies and currently sits at #136 in the Zacks Industry Rank. Stocks in this group have gained about 18.7% so far this year, so DECK is performing better this group in terms of year-to-date returns. MINISO Group Holding Limited Unsponsored ADR is also part of the same industry.
Investors with an interest in Retail-Wholesale stocks should continue to track Deckers and MINISO Group Holding Limited Unsponsored ADR. These stocks will be looking to continue their solid performance.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors with an interest in Retail-Wholesale stocks should continue to track Deckers and MINISO Group Holding Limited Unsponsored ADR. Is Deckers (DECK) one of those stocks right now? Deckers is one of 221 individual stocks in the Retail-Wholesale sector.
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Investors with an interest in Retail-Wholesale stocks should continue to track Deckers and MINISO Group Holding Limited Unsponsored ADR. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. Is Deckers (DECK) one of those stocks right now?
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. Is Deckers (DECK) one of those stocks right now? Deckers is one of 221 individual stocks in the Retail-Wholesale sector.
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Deckers is one of 221 individual stocks in the Retail-Wholesale sector. Stocks in this group have gained about 18.7% so far this year, so DECK is performing better this group in terms of year-to-date returns. Investors with an interest in Retail-Wholesale stocks should continue to track Deckers and MINISO Group Holding Limited Unsponsored ADR.
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70221759-cced-4e5f-8efd-a4aee7ab3f9e
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723614.0
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2023-12-16 00:00:00 UTC
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Deckers Outdoor Corp. Shares Close in on 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-close-in-on-52-week-high-market-mover-10
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 2.0% below its 52 week high of $720.97, giving the company a market cap of $18B. The stock is currently up 76.1% year-to-date, up 90.2% over the past 12 months, and up 493.3% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 85.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 566.4%
The company's stock price performance over the past 12 months beats the peer average by 401.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 100.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed today at 2.0% below its 52 week high of $720.97, giving the company a market cap of $18B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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Deckers Outdoor Corp. (DECK) shares closed today at 2.0% below its 52 week high of $720.97, giving the company a market cap of $18B. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Trading Activity Trading volume this week was 85.8% higher than the 20-day average.
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Deckers Outdoor Corp. (DECK) shares closed today at 2.0% below its 52 week high of $720.97, giving the company a market cap of $18B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 566.4% The company's stock price performance over the past 12 months beats the peer average by 401.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 100.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Deckers Outdoor Corp. (DECK) shares closed today at 2.0% below its 52 week high of $720.97, giving the company a market cap of $18B. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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418b81d7-79ba-418d-88dc-4a05b7dde325
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723615.0
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2023-12-14 00:00:00 UTC
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Deckers Outdoor (DECK) Price Target Increased by 8.44% to 704.20
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-deck-price-target-increased-by-8.44-to-704.20
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nan
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nan
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The average one-year price target for Deckers Outdoor (NYSE:DECK) has been revised to 704.20 / share. This is an increase of 8.44% from the prior estimate of 649.40 dated November 26, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 505.00 to a high of 932.40 / share. The average price target represents an increase of 0.91% from the latest reported closing price of 697.84 / share.
What is the Fund Sentiment?
There are 1264 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 67 owner(s) or 5.60% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.36%, a decrease of 9.07%. Total shares owned by institutions increased in the last three months by 0.86% to 29,385K shares.
The put/call ratio of DECK is 1.33, indicating a bearish outlook.
What are Other Shareholders Doing?
IJH - iShares Core S&P Mid-Cap ETF holds 817K shares representing 3.17% ownership of the company. In it's prior filing, the firm reported owning 800K shares, representing an increase of 2.10%. The firm decreased its portfolio allocation in DECK by 2.47% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 813K shares representing 3.16% ownership of the company. In it's prior filing, the firm reported owning 822K shares, representing a decrease of 1.18%. The firm decreased its portfolio allocation in DECK by 0.05% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.86% ownership of the company. In it's prior filing, the firm reported owning 735K shares, representing a decrease of 0.11%. The firm decreased its portfolio allocation in DECK by 7.93% over the last quarter.
Wellington Management Group Llp holds 679K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 700K shares, representing a decrease of 3.04%. The firm increased its portfolio allocation in DECK by 0.03% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 673K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 681K shares, representing a decrease of 1.19%. The firm increased its portfolio allocation in DECK by 0.95% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The average one-year price target for Deckers Outdoor (NYSE:DECK) has been revised to 704.20 / share. There are 1264 funds or institutions reporting positions in Deckers Outdoor. Average portfolio weight of all funds dedicated to DECK is 0.36%, a decrease of 9.07%.
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The average one-year price target for Deckers Outdoor (NYSE:DECK) has been revised to 704.20 / share. There are 1264 funds or institutions reporting positions in Deckers Outdoor. Average portfolio weight of all funds dedicated to DECK is 0.36%, a decrease of 9.07%.
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The average one-year price target for Deckers Outdoor (NYSE:DECK) has been revised to 704.20 / share. There are 1264 funds or institutions reporting positions in Deckers Outdoor. Average portfolio weight of all funds dedicated to DECK is 0.36%, a decrease of 9.07%.
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The average one-year price target for Deckers Outdoor (NYSE:DECK) has been revised to 704.20 / share. There are 1264 funds or institutions reporting positions in Deckers Outdoor. Average portfolio weight of all funds dedicated to DECK is 0.36%, a decrease of 9.07%.
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723616.0
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2023-12-14 00:00:00 UTC
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This Top Retail and Wholesale Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
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DECK
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https://www.nasdaq.com/articles/this-top-retail-and-wholesale-stock-is-a-1-strong-buy%3A-why-it-should-be-on-your-radar-35
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nan
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nan
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It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.
How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals?
Enter the Zacks Rank.
What is the Zacks Rank?
A unique, proprietary stock-rating model, the Zacks Rank uses earnings estimate revisions, or changes to a company's earnings expectations, to help investors create a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.
Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.
Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.
Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.
Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.
Each factor is given a raw score, which is recalculated every night and compiled into the Zacks Rank. Utilizing this data, stocks are put into five different groups: Strong Buy, Buy, Hold, Sell, and Strong Sell.
The Power of Institutional Investors
The Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.
Institutional investors are responsible for managing the trillions of dollars invested in mutual funds, hedge funds, and investment banks. Research has shown that these investors can and do move the market due to the large amount of money they deal with, and thus, the market tends to move in the same direction as them.
In order to figure out the fair value of a company and its shares, these investors will build valuation models focused on earnings and earnings expectations. Because if you raise estimates for the bottom line, it creates a higher fair value for a company.
Institutional investors will use these changes to help in their decision-making, typically buying stocks with rising estimates and selling those with falling estimates. Higher earnings expectations can translate into a rise in stock price and bigger gains for the investor.
Retail investors who get in at the first sign of upward revisions have a distinct advantage over larger investors since it can often take weeks, if not months, for an institutional investor to build a position. They'll also benefit from the expected institutional buying that could follow.
Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.
How to Invest with the Zacks Rank
The Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.
Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.
Let's take a look at Deckers (DECK), which was added to the Zacks Rank #1 list on December 15, 2023.
Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The company sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk and Other brands (mainly comprised of Koolaburra).
10 analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $1.09 to $23.49 per share. DECK also boasts an average earnings surprise of 26.3%.
Earnings are expected to grow 21.3% for the current fiscal year, while revenue is projected to increase 11.6%.
Additionally, DECK has climbed higher over the past four weeks, gaining 13.4%. The S&P 500 is up 5.2% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Deckers should be on investors' shortlist.
If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.
Discover Today's Top Stocks
Our private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Let's take a look at Deckers (DECK), which was added to the Zacks Rank #1 list on December 15, 2023. Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK also boasts an average earnings surprise of 26.3%.
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Bottom Line With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Deckers should be on investors' shortlist. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Let's take a look at Deckers (DECK), which was added to the Zacks Rank #1 list on December 15, 2023.
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Let's take a look at Deckers (DECK), which was added to the Zacks Rank #1 list on December 15, 2023. Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK also boasts an average earnings surprise of 26.3%.
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Let's take a look at Deckers (DECK), which was added to the Zacks Rank #1 list on December 15, 2023. Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK also boasts an average earnings surprise of 26.3%.
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2023-12-14 00:00:00 UTC
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Zacks Market Edge Highlights: Microsoft, Deckers Outdoor, United Rentals, Exxon Mobil and The PNC Financial Services
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https://www.nasdaq.com/articles/zacks-market-edge-highlights%3A-microsoft-deckers-outdoor-united-rentals-exxon-mobil-and-the
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For Immediate Release
Chicago, IL – December 15, 2023 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/2198131/5-stocks-for-your-2024-investing-game-plan)
5 Stocks for Your 2024 Investing Game Plan
Welcome to Episode #384 of the Zacks Market Edge Podcast.
(0:30) - Where Should You Be Looking To Invest In 2024?
(5:50) - Breaking Down Microsoft Heading Into The New Year: Should You Be Investing?
(12:40) - Is Now A Good Time To Add More Growth To Your Portfolio?
(28:20) - Navigating The Problematic Industries: Are There Any Opportunities?
(43:10) - Episode Roundup: MSFT. META, DECK, URI, KEY, PNC, XOM, SBUX, BKNG
Podcast@Zacks.com
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life.
This week, Tracey is going solo to talk about making an investing game plan for 2024. She focused on only stocks for this episode.
Growth stocks were the big winners of 2023, with the Magnificent 7 surging to new highs, pulling some of the major indexes along with them.
There was a bank crisis in the spring, and bank stocks have struggled all year, with some hitting multi-year lows this fall. But even the banks have staged a major rally as stocks posted one of their best Novembers in 20 years.
What now?
Every investor should have an investing game plan for the new year. Tracey shares some ideas in this final podcast of the year.
5 Stocks for Your 2024 Investing Game Plan
1. Microsoft Corp. MSFT
Microsoft was a winner among the Magnificent 7 in 2023 as it jumped quickly to the forefront in generative AI. Shares of Microsoft are up 56% year-to-date and are trading near all-time highs.
Microsoft has gotten pricey, however. It trades with a P/S ratio of 12, which is similar to the level in 2000 when the dot-com boom busted.
Does Microsoft, and the rest of the Mag 7, still have gas left in the tank for 2024?
2. Deckers Outdoor Corp. DECK
Deckers has not just one-billion-dollar brand in UGG, but it now has a second one in Hoka.
Shares of Deckers are up 80.2% year-to-date and are at new all-time highs. It's not cheap, though. It trades with a forward P/E of 30. But earnings growth is looking solid for next year.
Should a hot retail stock like Deckers be on your short list?
3. United Rentals, Inc. URI
United Rentals is the largest equipment rental company in the United States. It is benefitting from the big infrastructure bill as projects are being undertaken across the economy, from EV battery plants to broadband expansion.
Shares of United Rentals are up 49% year-to-date to new highs but it's still cheap with a PEG ratio of 0.8.
Is it too late to buy United Rentals for 2024?
4. Exxon Mobil Corp. XOM
Exxon Mobil, the oil giant, had been trading near its 52-week lows in 2023 as WTI crude fell under $70 again, at $68 a barrel.
Shares of Exxon Mobil are down 10.2% year-to-date. It is cheap, with a forward P/E of just 10.7. Exxon Mobil is also a dividend all-star with a dividend yielding 3.9%.
Oil stocks have had a terrible year. Is this a buying opportunity in Exxon Mobil?
5. The PNC Financial Services Group, Inc. PNC
PNC Financial is a large regional bank based in Pittsburgh. Shares of PNC Financial got hit during the banking crisis but have rebounded off their lows. However, they're still down 7.4% year-to-date.
PNC Financial is cheap with a forward P/E of just 10.1 and a P/B ratio of 1.1. Bank analysts say you buy a bank with a P/B ratio of 1.0 and sell when it's 2.0. PNC Financial also pays a dividend, yielding 4.4%.
Is it finally time for banks like PNC Financial to lead the market in 2024?
What Else Do You Need to Know About Creating an Investing Game Plan for 2024?
Tune into this week's podcast to find out.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
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Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
United Rentals, Inc. (URI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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META, DECK, URI, KEY, PNC, XOM, SBUX, BKNG Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life. Deckers Outdoor Corp. DECK Deckers has not just one-billion-dollar brand in UGG, but it now has a second one in Hoka. Shares of Deckers are up 80.2% year-to-date and are at new all-time highs.
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META, DECK, URI, KEY, PNC, XOM, SBUX, BKNG Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report United Rentals, Inc. (URI) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK Deckers has not just one-billion-dollar brand in UGG, but it now has a second one in Hoka.
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META, DECK, URI, KEY, PNC, XOM, SBUX, BKNG Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report United Rentals, Inc. (URI) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK Deckers has not just one-billion-dollar brand in UGG, but it now has a second one in Hoka.
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META, DECK, URI, KEY, PNC, XOM, SBUX, BKNG Podcast@Zacks.com Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life. Deckers Outdoor Corp. DECK Deckers has not just one-billion-dollar brand in UGG, but it now has a second one in Hoka. Shares of Deckers are up 80.2% year-to-date and are at new all-time highs.
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2023-12-14 00:00:00 UTC
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New Strong Buy Stocks for December 15th
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DECK
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-december-15th-1
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
3D Systems Corporation DDD: This company that provides 3D printing and digital manufacturing solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 40.9% over the last 60 days.
3D Systems Corporation Price and Consensus
3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote
Deckers Outdoor Corporation DECK: This footwear, apparel, and accessories company has seen the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote
Origin Bancorp, Inc. OBK: This bank holding company for Origin Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.
Origin Bancorp, Inc. Price and Consensus
Origin Bancorp, Inc. price-consensus-chart | Origin Bancorp, Inc. Quote
Bayerische Motoren Werke Aktiengesellschaft BMWYY: This automobile giant has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.
Bayerische Motoren Werke AG Sponsored ADR Price and Consensus
Bayerische Motoren Werke AG Sponsored ADR price-consensus-chart | Bayerische Motoren Werke AG Sponsored ADR Quote
Casey's General Stores, Inc. CASY: This chain of convenience stores has seen the Zacks Consensus Estimate for its current year earnings increasing 3.6% over the last 60 days.
Casey's General Stores, Inc. Price and Consensus
Casey's General Stores, Inc. price-consensus-chart | Casey's General Stores, Inc. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
3D Systems Corporation (DDD) : Free Stock Analysis Report
Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
Bayerische Motoren Werke AG Sponsored ADR (BMWYY) : Free Stock Analysis Report
Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems Corporation Price and Consensus 3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote Deckers Outdoor Corporation DECK: This footwear, apparel, and accessories company has seen the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote Origin Bancorp, Inc. OBK: This bank holding company for Origin Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report Bayerische Motoren Werke AG Sponsored ADR (BMWYY) : Free Stock Analysis Report Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote Origin Bancorp, Inc. OBK: This bank holding company for Origin Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report Bayerische Motoren Werke AG Sponsored ADR (BMWYY) : Free Stock Analysis Report Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report To read this article on Zacks.com click here. 3D Systems Corporation Price and Consensus 3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote Deckers Outdoor Corporation DECK: This footwear, apparel, and accessories company has seen the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.
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Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote Origin Bancorp, Inc. OBK: This bank holding company for Origin Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report Bayerische Motoren Werke AG Sponsored ADR (BMWYY) : Free Stock Analysis Report Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report To read this article on Zacks.com click here. 3D Systems Corporation Price and Consensus 3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote Deckers Outdoor Corporation DECK: This footwear, apparel, and accessories company has seen the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report Bayerische Motoren Werke AG Sponsored ADR (BMWYY) : Free Stock Analysis Report Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report To read this article on Zacks.com click here. 3D Systems Corporation Price and Consensus 3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote Deckers Outdoor Corporation DECK: This footwear, apparel, and accessories company has seen the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote Origin Bancorp, Inc. OBK: This bank holding company for Origin Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.
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2023-12-14 00:00:00 UTC
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Deckers (DECK) Ascends While Market Falls: Some Facts to Note
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https://www.nasdaq.com/articles/deckers-deck-ascends-while-market-falls%3A-some-facts-to-note
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Deckers (DECK) closed the latest trading day at $702.81, indicating a +0.71% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.01%. On the other hand, the Dow registered a gain of 0.15%, and the technology-centric Nasdaq increased by 0.36%.
Prior to today's trading, shares of the maker of Ugg footwear had gained 13.39% over the past month. This has outpaced the Retail-Wholesale sector's gain of 4.42% and the S&P 500's gain of 5.21% in that time.
The upcoming earnings release of Deckers will be of great interest to investors. The company is expected to report EPS of $10.90, up 4.01% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.4 billion, up 4.19% from the year-ago period.
DECK's full-year Zacks Consensus Estimates are calling for earnings of $23.49 per share and revenue of $4.05 billion. These results would represent year-over-year changes of +21.27% and +11.57%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Deckers. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.41% increase. At present, Deckers boasts a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Deckers is presently trading at a Forward P/E ratio of 29.7. This signifies a premium in comparison to the average Forward P/E of 15.16 for its industry.
One should further note that DECK currently holds a PEG ratio of 1.66. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.55 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 141, this industry ranks in the bottom 45% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DECK in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers (DECK) closed the latest trading day at $702.81, indicating a +0.71% change from the previous session's end. The upcoming earnings release of Deckers will be of great interest to investors. DECK's full-year Zacks Consensus Estimates are calling for earnings of $23.49 per share and revenue of $4.05 billion.
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Deckers (DECK) closed the latest trading day at $702.81, indicating a +0.71% change from the previous session's end. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. The upcoming earnings release of Deckers will be of great interest to investors.
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Deckers (DECK) closed the latest trading day at $702.81, indicating a +0.71% change from the previous session's end. The upcoming earnings release of Deckers will be of great interest to investors. DECK's full-year Zacks Consensus Estimates are calling for earnings of $23.49 per share and revenue of $4.05 billion.
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Deckers (DECK) closed the latest trading day at $702.81, indicating a +0.71% change from the previous session's end. The upcoming earnings release of Deckers will be of great interest to investors. DECK's full-year Zacks Consensus Estimates are calling for earnings of $23.49 per share and revenue of $4.05 billion.
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2023-12-14 00:00:00 UTC
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Nordstrom (JWN) to Expand Reach With New Rack in Noblesville
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https://www.nasdaq.com/articles/nordstrom-jwn-to-expand-reach-with-new-rack-in-noblesville
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Nordstrom, Inc. JWN plans to launch a Nordstrom Rack store in Noblesville, IN, by the fall of 2024. This initiative holds considerable importance for the locals, presenting a mix of cost-effective fashion options, easy shopping experiences, economic advantages and involvement in community activities.
This store, spanning 25,000 square feet, will be situated in the Hamilton Town Center, a notable shopping center that includes other major retailers like Ulta, Ross, Dick's Sporting Goods and Total Wine. Hamilton Town Center is owned and managed by Simon Property Group, and is conveniently located off I-69 and Campus Parkway.
The company underscores the center's ongoing efforts to diversify its retail offerings and cater to a wide range of shopper preferences. With its strategic location and a growing roster of well-known retail brands, Hamilton Town Center continues to establish itself as a key shopping hub in the Indianapolis area.
Image Source: Zacks Investment Research
What’s More?
The store is not just about great deals, it is also about accessibility. Customers can enjoy services, such as online order pickups from Nordstrom.com and NordstromRack.com, making it easier to shop online and collect purchases in stores. Additionally, the store will facilitate easy returns, enhancing the overall shopping experience.
One of the main attractions of Nordstrom Rack is its offering of high-quality products at significantly discounted prices. Shoppers can expect to find fashionable items from Nordstrom, including apparel, shoes, accessories, beauty products and home goods, with discounts of up to 70%. This makes it an ideal spot for fashion enthusiasts looking for premium brands at more affordable prices.
Wrapping Up
The launch of a Nordstrom Rack in Noblesville reflects the company's commitment to expanding its presence and enhancing the shopping experience for a wider range of customers. This growth is in line with its goals and underscores its dedication to making a positive impact in the communities it operates in.
The Zacks Rank #3 (Hold) stock has gained 24.4% in the past three months compared with the industry’s growth of 17.4%.
Three Solid Picks
A few better-ranked stocks are Abercrombie & Fitch Co. ANF, The Gap, Inc. GPS and Deckers Outdoor Corporation DECK.
Abercrombie operates as a specialty retailer of premium, high-quality casual apparel. It currently sports a Zacks Rank #1 (Strong Buy). The company recorded an EPS surprise of 60.5% in the last reported quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie’s current fiscal-year sales suggests growth of 13.3% from the year-ago reported number. ANF has a trailing four-quarter earnings surprise of 713%, on average.
The Gap is a premier international specialty retailer offering a diverse range of clothing, accessories and personal care products. It currently flaunts a Zacks Rank #1.
The Zacks Consensus Estimate for The Gap’s current fiscal-year earnings indicates growth of 387.5% from the previous year’s reported numbers. GPS has a trailing four-quarter average earnings surprise of 137.9%.
Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. It has a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 21.2%, respectively, from the year-ago reported numbers. DECK has a trailing four-quarter earnings surprise of 26.3%, on average.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Nordstrom, Inc. (JWN) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Three Solid Picks A few better-ranked stocks are Abercrombie & Fitch Co. ANF, The Gap, Inc. GPS and Deckers Outdoor Corporation DECK. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 21.2%, respectively, from the year-ago reported numbers.
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The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 21.2%, respectively, from the year-ago reported numbers. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Nordstrom, Inc. (JWN) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Three Solid Picks A few better-ranked stocks are Abercrombie & Fitch Co. ANF, The Gap, Inc. GPS and Deckers Outdoor Corporation DECK.
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The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 21.2%, respectively, from the year-ago reported numbers. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Nordstrom, Inc. (JWN) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Three Solid Picks A few better-ranked stocks are Abercrombie & Fitch Co. ANF, The Gap, Inc. GPS and Deckers Outdoor Corporation DECK.
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Three Solid Picks A few better-ranked stocks are Abercrombie & Fitch Co. ANF, The Gap, Inc. GPS and Deckers Outdoor Corporation DECK. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 21.2%, respectively, from the year-ago reported numbers.
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2023-12-13 00:00:00 UTC
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Are You Looking for a Top Momentum Pick? Why Deckers (DECK) is a Great Choice
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DECK
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https://www.nasdaq.com/articles/are-you-looking-for-a-top-momentum-pick-why-deckers-deck-is-a-great-choice
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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Deckers (DECK), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Deckers currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if DECK is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of Ugg footwear holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For DECK, shares are up 1.51% over the past week while the Zacks Retail - Apparel and Shoes industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 13.75% compares favorably with the industry's 2.94% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of Deckers have risen 37.35%, and are up 84.41% in the last year. On the other hand, the S&P 500 has only moved 5.78% and 19.28%, respectively.
Investors should also take note of DECK's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, DECK is averaging 317,707 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with DECK.
Over the past two months, 10 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost DECK's consensus estimate, increasing from $22.40 to $23.47 in the past 60 days. Looking at the next fiscal year, 9 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that DECK is a #2 (Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Deckers on your short list.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below, we take a look at Deckers (DECK), a company that currently holds a Momentum Style Score of A. Deckers currently has a Zacks Rank of #2 (Buy). In order to see if DECK is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of Ugg footwear holds up.
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Below, we take a look at Deckers (DECK), a company that currently holds a Momentum Style Score of A. Deckers currently has a Zacks Rank of #2 (Buy). In order to see if DECK is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of Ugg footwear holds up.
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Below, we take a look at Deckers (DECK), a company that currently holds a Momentum Style Score of A. Deckers currently has a Zacks Rank of #2 (Buy). In order to see if DECK is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of Ugg footwear holds up.
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Right now, DECK is averaging 317,707 shares for the last 20 days. Below, we take a look at Deckers (DECK), a company that currently holds a Momentum Style Score of A. Deckers currently has a Zacks Rank of #2 (Buy).
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723622.0
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2023-12-13 00:00:00 UTC
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5 Stocks for Your 2024 Investing Game Plan
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DECK
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https://www.nasdaq.com/articles/5-stocks-for-your-2024-investing-game-plan
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nan
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nan
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(0:30) - Where Should You Be Looking To Invest In 2024?
(5:50) - Breaking Down Microsoft Heading Into The New Year: Should You Be Investing?
(12:40) - Is Now A Good Time To Add More Growth To Your Portfolio?
(28:20) - Navigating The Problematic Industries: Are There Any Opportunities?
(43:10) - Episode Roundup: MSFT. META, DECK, URI, KEY, PNC, XOM, SBUX, BKNG
Podcast@Zacks.com
Welcome to Episode #384 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life.
This week, Tracey is going solo to talk about making an investing game plan for 2024. She focused on only stocks for this episode.
Growth stocks were the big winners of 2023, with the Magnificent 7 surging to new highs, pulling some of the major indexes along with them.
There was a bank crisis in the spring, and bank stocks have struggled all year, with some hitting multi-year lows this fall. But even the banks have staged a major rally as stocks posted one of their best Novembers in 20 years.
What now?
Every investor should have an investing game plan for the new year. Tracey shares some ideas in this final podcast of the year.
5 Stocks for Your 2024 Investing Game Plan
1. Microsoft Corp. (MSFT)
Microsoft was a winner among the Magnificent 7 in 2023 as it jumped quickly to the forefront in generative AI. Shares of Microsoft are up 56% year-to-date and are trading near all-time highs.
Microsoft has gotten pricey, however. It trades with a P/S ratio of 12, which is similar to the level in 2000 when the dot-com boom busted.
Does Microsoft, and the rest of the Mag 7, still have gas left in the tank for 2024?
2. Deckers Outdoor Corp. (DECK)
Deckers has not just one-billion-dollar brand in UGG, but it now has a second one in Hoka.
Shares of Deckers are up 80.2% year-to-date and are at new all-time highs. It’s not cheap, though. It trades with a forward P/E of 30. But earnings growth is looking solid for next year.
Should a hot retail stock like Deckers be on your short list?
3. United Rentals, Inc. (URI)
United Rentals is the largest equipment rental company in the United States. It is benefitting from the big infrastructure bill as projects are being undertaken across the economy, from EV battery plants to broadband expansion.
Shares of United Rentals are up 49% year-to-date to new highs but it’s still cheap with a PEG ratio of 0.8.
Is it too late to buy United Rentals for 2024?
4. Exxon Mobil Corp. (XOM)
Exxon Mobil, the oil giant, had been trading near its 52-week lows in 2023 as WTI crude fell under $70 again, at $68 a barrel.
Shares of Exxon Mobil are down 10.2% year-to-date. It is cheap, with a forward P/E of just 10.7. Exxon Mobil is also a dividend all-star with a dividend yielding 3.9%.
Oil stocks have had a terrible year. Is this a buying opportunity in Exxon Mobil?
5. The PNC Financial Services Group, Inc. (PNC)
PNC Financial is a large regional bank based in Pittsburgh. Shares of PNC Financial got hit during the banking crisis but have rebounded off their lows. However, they’re still down 7.4% year-to-date.
PNC Financial is cheap with a forward P/E of just 10.1 and a P/B ratio of 1.1. Bank analysts say you buy a bank with a P/B ratio of 1.0 and sell when it’s 2.0. PNC Financial also pays a dividend, yielding 4.4%.
Is it finally time for banks like PNC Financial to lead the market in 2024?
What Else do you Need to Know About Creating an Investing Game Plan for 2024?
Tune into this week’s podcast to find out.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
United Rentals, Inc. (URI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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META, DECK, URI, KEY, PNC, XOM, SBUX, BKNG Podcast@Zacks.com Welcome to Episode #384 of the Zacks Market Edge Podcast. Deckers Outdoor Corp. (DECK) Deckers has not just one-billion-dollar brand in UGG, but it now has a second one in Hoka. Shares of Deckers are up 80.2% year-to-date and are at new all-time highs.
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Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report United Rentals, Inc. (URI) : Free Stock Analysis Report To read this article on Zacks.com click here. META, DECK, URI, KEY, PNC, XOM, SBUX, BKNG Podcast@Zacks.com Welcome to Episode #384 of the Zacks Market Edge Podcast. Deckers Outdoor Corp. (DECK) Deckers has not just one-billion-dollar brand in UGG, but it now has a second one in Hoka.
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Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report United Rentals, Inc. (URI) : Free Stock Analysis Report To read this article on Zacks.com click here. META, DECK, URI, KEY, PNC, XOM, SBUX, BKNG Podcast@Zacks.com Welcome to Episode #384 of the Zacks Market Edge Podcast. Deckers Outdoor Corp. (DECK) Deckers has not just one-billion-dollar brand in UGG, but it now has a second one in Hoka.
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META, DECK, URI, KEY, PNC, XOM, SBUX, BKNG Podcast@Zacks.com Welcome to Episode #384 of the Zacks Market Edge Podcast. Deckers Outdoor Corp. (DECK) Deckers has not just one-billion-dollar brand in UGG, but it now has a second one in Hoka. Shares of Deckers are up 80.2% year-to-date and are at new all-time highs.
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2023-12-13 00:00:00 UTC
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American Eagle (AEO) Rewards Investors With 25% Dividend Hike
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DECK
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https://www.nasdaq.com/articles/american-eagle-aeo-rewards-investors-with-25-dividend-hike
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nan
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nan
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The dividend hike announcement by American Eagle Outfitters, Inc. AEO highlights the company’s growth prospects and commitment toward shareholders.
The company has approved a 25% increase in the quarterly cash dividend, raising it from 10 cents to 12.5 cents per share. The enhanced dividend will be paid out on Jan 19, 2024, to shareholders of record as of Jan 5, 2024.
This move reflects the strength of the company’s fundamentals and cash flows, alongside showcasing its confidence in its prospects. The decision to increase dividends also reinforces the company's strategic direction as it enters 2024.
Image Source: Zacks Investment Research
What’s More?
American Eagle has been benefiting from brand strength, solid demand and products that resonate with customers, driven by exciting new marketing campaigns. Also, the company is on track with its Real Power Real Growth value creation plan, which has been aiding its performance.
The plan is driving profitability through real estate and inventory-optimization efforts, omni-channel and customer focus, and investments to improve the supply chain. As part of the Real Power Real Growth plan, American Eagle will continue to pursue opportunities to grow the Aerie brand through expansion into newer markets, innovation and a growing customer base.
A couple of weeks ago, American Eagle reported fiscal third-quarter earnings of 49 cents per share, which rose 17% year over year and surpassed the Zacks Consensus Estimate of 48 cents. Total net revenues of $1,301.1 million improved 5% year over year, beating the Zacks Consensus Estimate of $1,275 million. Revenue growth was driven by rising brand momentum and tremendous fall season merchandise collection. Store revenues grew 3% year over year in the quarter, while digital revenues rose 10%.
As of Oct 28, 2023, American Eagle’s cash and cash equivalents totaled $240.9 million, and liquidity was $900 million, with no outstanding debt.
Wrapping Up
The increase in quarterly cash dividends by AEO is a multifaceted event. It not only benefits the shareholders directly through increased payouts but also serves as a positive sign regarding the company's financial health, strategic direction and confidence in its future performance.
Shares of this Zacks Rank #2 (Buy) company have rallied 74.4% in the past six months compared with the industry’s growth of 14.1%.
Bet Your Bucks on These 3 Other Hot Stocks
A few better-ranked stocks are Abercrombie & Fitch Co. ANF, The Gap, Inc. GPS and Deckers Outdoor Corporation DECK.
Abercrombie operates as a specialty retailer of premium, high-quality casual apparel. It currently sports a Zacks Rank #1 (Strong Buy). The company recorded an EPS surprise of 60.5% in the last reported quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie’s current fiscal-year sales suggests growth of 13.3% from the year-ago reported number. ANF has a trailing four-quarter earnings surprise of 713%, on average.
The Gap is a premier international specialty retailer offering a diverse range of clothing, accessories and personal care products. It currently flaunts a Zacks Rank #1.
The Zacks Consensus Estimate for The Gap’s current fiscal-year earnings indicates growth of 387.5% from the previous year’s reported numbers. GPS has a trailing four-quarter average earnings surprise of 137.9%.
Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. It has a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers. DECK has a trailing four-quarter earnings surprise of 26.3%, on average.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. Bet Your Bucks on These 3 Other Hot Stocks A few better-ranked stocks are Abercrombie & Fitch Co. ANF, The Gap, Inc. GPS and Deckers Outdoor Corporation DECK. The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers.
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The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Bet Your Bucks on These 3 Other Hot Stocks A few better-ranked stocks are Abercrombie & Fitch Co. ANF, The Gap, Inc. GPS and Deckers Outdoor Corporation DECK.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Bet Your Bucks on These 3 Other Hot Stocks A few better-ranked stocks are Abercrombie & Fitch Co. ANF, The Gap, Inc. GPS and Deckers Outdoor Corporation DECK. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Bet Your Bucks on These 3 Other Hot Stocks A few better-ranked stocks are Abercrombie & Fitch Co. ANF, The Gap, Inc. GPS and Deckers Outdoor Corporation DECK. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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2023-12-13 00:00:00 UTC
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Zacks Industry Outlook Highlights Deckers Outdoor, The Gap, Abercrombie & Fitch and American Eagle Outfitters
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DECK
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-deckers-outdoor-the-gap-abercrombie-fitch-and-american
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nan
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For Immediate Release
Chicago, IL – December 14, 2023 – Today, Zacks Equity Research discusses Deckers Outdoor Corp. DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO.
Industry: Retail Apparel & Shoes
Link: https://www.zacks.com/commentary/2197386/4-solid-bets-from-the-retail-apparel-shoes-industry-for-2024
As stimulus-driven spending gradually wanes and interest rates remain elevated, the Retail - Apparel And Shoes industry finds itself at a pivotal juncture. Consumers are adopting a more cautious stance toward their disposable income, signaling a return to more conservative spending habits. This shift in consumer sentiment is reverberating across various merchandise categories, creating challenges for businesses.
Given the tough operating environment, industry players are actively reevaluating their business models and adopting innovative strategies. Retailers have been focusing on superior product strategy, the advancement of omnichannel capabilities, prudent capital investments and greater customer reach. Backed by these initiatives, companies like Deckers Outdoor Corp., The Gap, Inc., Abercrombie & Fitch Co. and American Eagle Outfitters, Inc. are better placed.
About the Industry
The Retail - Apparel and Shoes industry encompasses the manufacturing, distribution and retailing of clothing, footwear and accessories. The industry is influenced by various factors, including fashion trends, consumer spending habits, economic dynamics and seasonal variations. Companies within the industry range from global apparel giants to domestic brands, each targeting specific market segments.
The industry presents both opportunities and challenges. On the one hand, it demands continuous product innovation, brand distinctiveness and effective marketing to attract customers. On the other hand, fierce competition and price sensitivity pose hurdles. Technological advancements and the rise of online retail have revolutionized the industry, with consumers increasingly seeking convenience and personalized shopping experiences.
4 Key Trends to Watch in the Industry
Cautious Consumer Environment: The industry grapples with a complex set of challenges, as a soft demand environment casts a shadow on overall sales and revenue prospects. Consumers are contending with a host of economic issues, encompassing inflation, elevated interest rates and geopolitical tension.
Cumulatively, these factors have been weighing on consumer sentiment. Moreover, rapid changes in consumer preferences, intensified by the ever-evolving nature of fashion trends, can lead to excess inventory and reduced sales for brands unable to adapt swiftly.
Pressure on Margins to Linger: The industry is quite fragmented, with companies vying for a bigger slice of the pie on attributes such as price, products and speed to market. To address these, a significant number of players in the industry have been investing in strengthening their digital ecosystem and delivery capabilities. While these endeavors bolster sales, they entail high costs.
Apart from these, higher marketing, advertising and other store-related expenses might compress margins. Of late, the industry participants have been dealing with product cost inflation. Nonetheless, companies have been focusing on undertaking initiatives to mitigate cost-related challenges. These include streamlining operational structures, optimizing supply networks and adopting effective pricing policies.
Brand Enhancement, Capital Discipline: Industry participants have been focusing on deepening engagements with consumers, creating innovative and compelling products and enhancing digital and data analytics capabilities. The launch of newer styles, customization options and refreshed store environments enables them to woo shoppers.
Efforts to enhance the brand portfolio via marketing strategies, buyouts, innovations and alliances are likely to keep supporting players in the space. The companies have been taking steps to strengthen their financial position. They have been making every move, from managing the inventory and closing underperforming stores to optimizing capital expenditures and enhancing operational efficiency.
Diversification & Digitization Key to Growth: With the change in consumer shopping patterns and behavior, industry participants have been playing dual in-store and online roles. They are building an omnichannel, coming up with loyalty and marketing programs, enhancing the supply chain and providing faster delivery options, be it doorstep delivery, curbside pickup or buy online and pick up at a store.
Simultaneously, companies are investing in renovation, improved checkouts and mobile point-of-sale capabilities to keep stores relevant. Keeping in mind consumers' product preferences and growing inclination toward online shopping, companies have been replenishing shelves with in-demand merchandise and ramping up investments in digitization.
Zacks Industry Rank Indicates Bleak Prospects
The Zacks Retail - Apparel And Shoes industry is a group within the broader Zacks Retail – Wholesale sector. The industry currently carries a Zacks Industry Rank #150, which places it in the bottom 40% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates drab near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry's positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are losing confidence in this group's earnings growth potential. Since the beginning of March 2023, the industry's earnings estimate has declined 6.7%.
Before we present a few stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock-market performance and valuation picture.
Industry vs. Broader Market
The Zacks Retail - Apparel And Shoes industry has underperformed the broader Zacks Retail – Wholesale sector and the Zacks S&P 500 composite over the past year.
The industry has advanced 10.1% over this period compared with the S&P 500's increase of 16.2%. Meanwhile, the broader sector has risen 15.4%.
Industry's Current Valuation
On the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing retail stocks, the industry is currently trading at 15.86X compared with the S&P 500's 19.36X and the sector's 21.66X.
Over the last five years, the industry has traded as high as 76.88X and as low as 9.13X, with the median being at 14.92X.
4 Stocks Worth Considering
Abercrombie & Fitch: The company's ability to adapt, innovate and connect with customers positions it for a prosperous future. Abercrombie & Fitch's regional operating model, with a focus on the Americas, the EMEA and the APAC, provides a solid foundation for global expansion. Its strong brand portfolio, operational efficiency and regional strategy make it an attractive investment opportunity as it continues to navigate and thrive in the evolving retail landscape.
This leading, global, omnichannel specialty retailer of apparel and accessories for men, women and kids delivered a trailing four-quarter earnings surprise of 713%, on average. The Zacks Consensus Estimate for Abercrombie & Fitch's current financial-year sales suggests growth of 13.3% from the year-ago period. Shares of this Zacks Rank #1 (Strong Buy) company have rallied 259.8% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
Gap: The company demonstrates resilience and positive momentum in its financial performance. The company's strategic efforts, including significant cost savings, have strengthened its financial position. Market share gains in key brands like Old Navy and Gap highlight successful product strategies. With disciplined expense control, strong cash generation and a focus on brand revitalization, Gap stands out as a promising player.
This specialty apparel company delivered a trailing four-quarter earnings surprise of 137.9%, on average. Shares of this Zacks Rank #1 company have surged 53.3% in the past year.
American Eagle Outfitters: The company's efforts to rationalize inventory and contain costs are paying off. The strong performance of key brands like American Eagle and Aerie, coupled with expansions into premium and activewear segments, indicates potential for growth. New store designs and online enhancements demonstrate a commitment to improving the customer experience.
The Zacks Consensus Estimate for American Eagle Outfitters' current fiscal sales and EPS suggests growth of 4% and 39.2%, respectively, from the year-ago reported figure. AEO has a trailing four-quarter earnings surprise of 23%, on average. Shares of this Zacks Rank #2 (Buy) company have advanced 34.9% in the past year.
Deckers: The company has been targeting profitable and underpenetrated markets, emphasizing product innovations, store expansion and the strengthening of e-commerce capabilities. The company's focus on expanding brand assortments, bringing more innovative lines of products, targeting consumers digitally and optimizing omni-channel distribution, positions it for continued success.
Impressively, the Zacks Consensus Estimate for Deckers' current-fiscal sales and EPS calls for growth of 11.4% and 20.9%, respectively, from the year-ago reported figure. DECK has a trailing four-quarter earnings surprise of 26.3%, on average. We note that shares of this Zacks Rank #2 company have increased 81% in the past year.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – December 14, 2023 – Today, Zacks Equity Research discusses Deckers Outdoor Corp. DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO. Backed by these initiatives, companies like Deckers Outdoor Corp., The Gap, Inc., Abercrombie & Fitch Co. and American Eagle Outfitters, Inc. are better placed. Deckers: The company has been targeting profitable and underpenetrated markets, emphasizing product innovations, store expansion and the strengthening of e-commerce capabilities.
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For Immediate Release Chicago, IL – December 14, 2023 – Today, Zacks Equity Research discusses Deckers Outdoor Corp. DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Backed by these initiatives, companies like Deckers Outdoor Corp., The Gap, Inc., Abercrombie & Fitch Co. and American Eagle Outfitters, Inc. are better placed.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – December 14, 2023 – Today, Zacks Equity Research discusses Deckers Outdoor Corp. DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO. Backed by these initiatives, companies like Deckers Outdoor Corp., The Gap, Inc., Abercrombie & Fitch Co. and American Eagle Outfitters, Inc. are better placed.
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For Immediate Release Chicago, IL – December 14, 2023 – Today, Zacks Equity Research discusses Deckers Outdoor Corp. DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO. Backed by these initiatives, companies like Deckers Outdoor Corp., The Gap, Inc., Abercrombie & Fitch Co. and American Eagle Outfitters, Inc. are better placed. Deckers: The company has been targeting profitable and underpenetrated markets, emphasizing product innovations, store expansion and the strengthening of e-commerce capabilities.
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2023-12-13 00:00:00 UTC
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Carter's (CRI) Collaborates With Shipt on Product Offerings
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https://www.nasdaq.com/articles/carters-cri-collaborates-with-shipt-on-product-offerings
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Carter’s, Inc. CRI recently entered into a partnership with Shipt to launch its apparel brand on the latter’s multi-retailer platform. This collaboration is in line with Carter’s’ focus on expanding its merchandise offering beyond select stores nationwide and delivering customers a seamless shopping experience.
CRI’s share price increased 2.6% yesterday, eventually closing the session at $73.81.
Inside the Headlines
Per the deal, Carter’s’ diversified collection, consisting of apparel and other needs for babies and young children, will be available for purchase on Shipt Marketplace. Consumers will get access to Carter’s brands with a same-day delivery option throughout the United States, including New York, Atlanta, Dallas, Chicago, Los Angeles, Miami and others, all supported by Shipt’s shopper network.
This collaboration will help boost the shopping experience for Carter’s consumers, offering them a convenient purchasing platform for apparel and gifts during the holiday season.
Carter's has made significant efforts in pricing to address market conditions and enhance profitability. Despite the lower traffic in the U.S. Retail segment than the previous year, the company managed to achieve improved pricing and grow average transaction values.
What’s More?
Carter’s’ top line continued to witness inflationary impacts, leading to reduced consumer spending. However, demand trends in the wholesale segment showed improvement in the third quarter results. The company’s U.S. wholesale segment witnessed higher-than-expected demand for its fall and holiday products in the quarter. The U.S. Wholesale segment’s sales increased 4.1% year over year in the third quarter of 2023.
Image Source: Zacks Investment Research
The Zacks Rank #3 (Hold) stock has increased 6.8% in the past six months compared with the industry’s growth of 1.3%.
However, Carter’s has been witnessing soft online sales trends due to the recent change in consumer demand. Consequently, it experienced a notable decrease in e-commerce sales in the third quarter of 2023, with a 19% decline in online sales compared with a 5% decrease in retail store sales.
3 Red-Hot Stocks
Some better-ranked stocks from the same sector are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
MINISO Group operates as a retailer and wholesaler of lifestyle products. The Zacks Consensus Estimate for MNSO’s current financial year earnings per share and sales suggests growth of 43.6% and 29.9%, respectively, from the corresponding year-ago reported figures.
Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter earnings surprise of 26.3%, on average.
MarineMax is a recreational boat and yacht retailer and a superyacht services company. MarineMax’s earnings came in line with the Zacks Consensus Estimate in the last reported quarter. The Zacks Consensus Estimate for HZO’s current financial year sales suggests growth of 3.1% from the year-ago period’s figures.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Carter's, Inc. (CRI) : Free Stock Analysis Report
MarineMax, Inc. (HZO) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3 Red-Hot Stocks Some better-ranked stocks from the same sector are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories.
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3 Red-Hot Stocks Some better-ranked stocks from the same sector are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Carter's, Inc. (CRI) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy).
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The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Carter's, Inc. (CRI) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Red-Hot Stocks Some better-ranked stocks from the same sector are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO.
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3 Red-Hot Stocks Some better-ranked stocks from the same sector are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories.
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2023-12-12 00:00:00 UTC
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4 Solid Bets From the Retail-Apparel & Shoes Industry for 2024
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https://www.nasdaq.com/articles/4-solid-bets-from-the-retail-apparel-shoes-industry-for-2024
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As stimulus-driven spending gradually wanes and interest rates remain elevated, the Retail - Apparel And Shoes industry finds itself at a pivotal juncture. Consumers are adopting a more cautious stance toward their disposable income, signaling a return to more conservative spending habits. This shift in consumer sentiment is reverberating across various merchandise categories, creating challenges for businesses.
Given the tough operating environment, industry players are actively reevaluating their business models and adopting innovative strategies. Retailers have been focusing on superior product strategy, the advancement of omnichannel capabilities, prudent capital investments and greater customer reach. Backed by these initiatives, companies like Deckers Outdoor Corporation DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO are better placed.
About the Industry
The Retail - Apparel and Shoes industry encompasses the manufacturing, distribution and retailing of clothing, footwear and accessories. The industry is influenced by various factors, including fashion trends, consumer spending habits, economic dynamics and seasonal variations. Companies within the industry range from global apparel giants to domestic brands, each targeting specific market segments. The industry presents both opportunities and challenges. On the one hand, it demands continuous product innovation, brand distinctiveness and effective marketing to attract customers. On the other hand, fierce competition and price sensitivity pose hurdles. Technological advancements and the rise of online retail have revolutionized the industry, with consumers increasingly seeking convenience and personalized shopping experiences.
4 Key Trends to Watch in the Industry
Cautious Consumer Environment: The industry grapples with a complex set of challenges, as a soft demand environment casts a shadow on overall sales and revenue prospects. Consumers are contending with a host of economic issues, encompassing inflation, elevated interest rates and geopolitical tension. Cumulatively, these factors have been weighing on consumer sentiment. Moreover, rapid changes in consumer preferences, intensified by the ever-evolving nature of fashion trends, can lead to excess inventory and reduced sales for brands unable to adapt swiftly.
Pressure on Margins to Linger: The industry is quite fragmented, with companies vying for a bigger slice of the pie on attributes such as price, products and speed to market. To address these, a significant number of players in the industry have been investing in strengthening their digital ecosystem and delivery capabilities. While these endeavors bolster sales, they entail high costs. Apart from these, higher marketing, advertising and other store-related expenses might compress margins. Of late, the industry participants have been dealing with product cost inflation. Nonetheless, companies have been focusing on undertaking initiatives to mitigate cost-related challenges. These include streamlining operational structures, optimizing supply networks and adopting effective pricing policies.
Brand Enhancement, Capital Discipline: Industry participants have been focusing on deepening engagements with consumers, creating innovative and compelling products and enhancing digital and data analytics capabilities. The launch of newer styles, customization options and refreshed store environments enables them to woo shoppers. Efforts to enhance the brand portfolio via marketing strategies, buyouts, innovations and alliances are likely to keep supporting players in the space. The companies have been taking steps to strengthen their financial position. They have been making every move, from managing the inventory and closing underperforming stores to optimizing capital expenditures and enhancing operational efficiency.
Diversification & Digitization Key to Growth: With the change in consumer shopping patterns and behavior, industry participants have been playing dual in-store and online roles. They are building an omnichannel, coming up with loyalty and marketing programs, enhancing the supply chain and providing faster delivery options, be it doorstep delivery, curbside pickup or buy online and pick up at a store. Simultaneously, companies are investing in renovation, improved checkouts and mobile point-of-sale capabilities to keep stores relevant. Keeping in mind consumers’ product preferences and growing inclination toward online shopping, companies have been replenishing shelves with in-demand merchandise and ramping up investments in digitization.
Zacks Industry Rank Indicates Bleak Prospects
The Zacks Retail - Apparel And Shoes industry is a group within the broader Zacks Retail – Wholesale sector. The industry currently carries a Zacks Industry Rank #150, which places it in the bottom 40% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates drab near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are losing confidence in this group’s earnings growth potential. Since the beginning of March 2023, the industry’s earnings estimate has declined 6.7%.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry vs. Broader Market
The Zacks Retail - Apparel And Shoes industry has underperformed the broader Zacks Retail – Wholesale sector and the Zacks S&P 500 composite over the past year.
The industry has advanced 10.1% over this period compared with the S&P 500’s increase of 16.2%. Meanwhile, the broader sector has risen 15.4%.
One-Year Price Performance
Industry's Current Valuation
On the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing retail stocks, the industry is currently trading at 15.86X compared with the S&P 500’s 19.36X and the sector’s 21.66X.
Over the last five years, the industry has traded as high as 76.88X and as low as 9.13X, with the median being at 14.92X, as the chart below shows.
Price-to-Earnings Ratio (Past 5 Years)
4 Stocks Worth Considering
Abercrombie & Fitch: The company's ability to adapt, innovate and connect with customers positions it for a prosperous future. Abercrombie & Fitch’s regional operating model, with a focus on the Americas, the EMEA and the APAC, provides a solid foundation for global expansion. Its strong brand portfolio, operational efficiency and regional strategy make it an attractive investment opportunity as it continues to navigate and thrive in the evolving retail landscape.
This leading, global, omnichannel specialty retailer of apparel and accessories for men, women and kids delivered a trailing four-quarter earnings surprise of 713%, on average. The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial-year sales suggests growth of 13.3% from the year-ago period. Shares of this Zacks Rank #1 (Strong Buy) company have rallied 259.8% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Price and Consensus: ANF
Gap: The company demonstrates resilience and positive momentum in its financial performance. The company's strategic efforts, including significant cost savings, have strengthened its financial position. Market share gains in key brands like Old Navy and Gap highlight successful product strategies. With disciplined expense control, strong cash generation and a focus on brand revitalization, Gap stands out as a promising player.
This specialty apparel company delivered a trailing four-quarter earnings surprise of 137.9%, on average. Shares of this Zacks Rank #1 company have surged 53.3% in the past year.
Price and Consensus: GPS
American Eagle Outfitters: The company’s efforts to rationalize inventory and contain costs are paying off. The strong performance of key brands like American Eagle and Aerie, coupled with expansions into premium and activewear segments, indicates potential for growth. New store designs and online enhancements demonstrate a commitment to improving the customer experience.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal sales and EPS suggests growth of 4% and 39.2%, respectively, from the year-ago reported figure. AEO has a trailing four-quarter earnings surprise of 23%, on average. Shares of this Zacks Rank #2 (Buy) company have advanced 34.9% in the past year.
Price and Consensus: AEO
Deckers: The company has been targeting profitable and underpenetrated markets, emphasizing product innovations, store expansion and the strengthening of e-commerce capabilities. The company’s focus on expanding brand assortments, bringing more innovative lines of products, targeting consumers digitally and optimizing omni-channel distribution, positions it for continued success.
Impressively, the Zacks Consensus Estimate for Deckers’ current-fiscal sales and EPS calls for growth of 11.4% and 20.9%, respectively, from the year-ago reported figure. DECK has a trailing four-quarter earnings surprise of 26.3%, on average. We note that shares of this Zacks Rank #2 company have increased 81% in the past year.
Price and Consensus: DECK
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Backed by these initiatives, companies like Deckers Outdoor Corporation DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO are better placed. Price and Consensus: AEO Deckers: The company has been targeting profitable and underpenetrated markets, emphasizing product innovations, store expansion and the strengthening of e-commerce capabilities. Impressively, the Zacks Consensus Estimate for Deckers’ current-fiscal sales and EPS calls for growth of 11.4% and 20.9%, respectively, from the year-ago reported figure.
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Backed by these initiatives, companies like Deckers Outdoor Corporation DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO are better placed. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Price and Consensus: AEO Deckers: The company has been targeting profitable and underpenetrated markets, emphasizing product innovations, store expansion and the strengthening of e-commerce capabilities.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Backed by these initiatives, companies like Deckers Outdoor Corporation DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO are better placed. Price and Consensus: AEO Deckers: The company has been targeting profitable and underpenetrated markets, emphasizing product innovations, store expansion and the strengthening of e-commerce capabilities.
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Price and Consensus: AEO Deckers: The company has been targeting profitable and underpenetrated markets, emphasizing product innovations, store expansion and the strengthening of e-commerce capabilities. Backed by these initiatives, companies like Deckers Outdoor Corporation DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO are better placed. Impressively, the Zacks Consensus Estimate for Deckers’ current-fiscal sales and EPS calls for growth of 11.4% and 20.9%, respectively, from the year-ago reported figure.
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2023-12-12 00:00:00 UTC
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Nordstrom (JWN) to Expand Reach With New Rack in Tennessee
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https://www.nasdaq.com/articles/nordstrom-jwn-to-expand-reach-with-new-rack-in-tennessee
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Nordstrom, Inc. JWN is set to open a Nordstrom Rack store in Franklin, TN, in fall 2024. This development is significant for the local community, offering a blend of affordable fashion, convenient shopping experiences, economic benefits and community engagement.
The new store will have 24,000 square feet and be nestled in the popular Cool Springs Market. This shopping center is a hub for retail activity and houses other big names like Dick's Sporting Goods and Kroger. Its proximity to major roads like Interstate 65 and Cool Springs Boulevard makes it an accessible destination for shoppers in and around Franklin.
One of the main attractions of Nordstrom Rack is its offering of high-quality products at significantly discounted prices. Shoppers can expect to find fashionable items from Nordstrom, including apparel, shoes, accessories, beauty products, and home goods, with discounts of up to 70%. This makes it an ideal spot for fashion enthusiasts looking for premium brands at more affordable prices.
Image Source: Zacks Investment Research
What’s More?
The store is not just about great deals, it is also about accessibility. Customers can enjoy services, such as online order pickups from Nordstrom.com and NordstromRack.com, making it easier to shop online and collect purchases in stores. Additionally, the store will facilitate easy returns, enhancing the overall shopping experience.
The addition of the Nordstrom Rack store is expected to have a positive economic impact on the region. Nordstrom's presence in Tennessee, which includes four Nordstrom Rack stores and one Nordstrom store, has already generated nearly 500 jobs statewide. The new store will contribute to further job creation, bolstering the local economy and providing employment opportunities in various roles, from sales to management.
Wrapping Up
The opening of a Nordstrom Rack in Franklin demonstrates the company’s dedication to broadening its footprint and delivering an improved shopping experience to a broader customer base. This expansion aligns with its objectives and emphasizes its commitment to contributing positively to the communities it serves.
The Zacks Rank #3 (Hold) stock has gained 12.4% in the past three months compared with the industry’s growth of 11.4%.
Three Solid Picks
A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and American Eagle Outfitters Inc. AEO.
Abercrombie operates as a specialty retailer of premium, high-quality casual apparel. It currently sports a Zacks Rank #1 (Strong Buy). The company recorded an EPS surprise of 60.5% in the last reported quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie’s current fiscal-year sales suggests growth of 13.3% from the year-ago reported number. ANF has a trailing four-quarter earnings surprise of 713%, on average.
Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. It has a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers. DECK has a trailing four-quarter earnings surprise of 26.3%, on average.
American Eagle Outfitters is a specialty retailer of casual apparel, accessories and footwear for men and women. It currently has a Zacks Rank #2.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal-year earnings and sales indicates growth of 39.2% and 4%, respectively, from the previous year’s reported numbers. AEO has a trailing four-quarter average earnings surprise of 23%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Nordstrom, Inc. (JWN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Three Solid Picks A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and American Eagle Outfitters Inc. AEO. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers.
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Three Solid Picks A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and American Eagle Outfitters Inc. AEO. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Nordstrom, Inc. (JWN) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Nordstrom, Inc. (JWN) : Free Stock Analysis Report To read this article on Zacks.com click here. Three Solid Picks A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and American Eagle Outfitters Inc. AEO. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Three Solid Picks A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and American Eagle Outfitters Inc. AEO. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers.
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723628.0
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2023-12-12 00:00:00 UTC
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Here's What Keeps Tractor Supply (TSCO) Stock on Growth Track
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https://www.nasdaq.com/articles/heres-what-keeps-tractor-supply-tsco-stock-on-growth-track
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Tractor Supply Company TSCO has been benefitting from its Life Out Here Strategy, ‘ONETractor’ Strategy, Neighbor’s Club membership program and healthy product demand. Also, the recent acquisition of Orscheln Farm and Home, store-growth initiatives, and comparable store sales growth bode well. Continued market share growth and progress on its strategic initiatives drive optimism.
Sturdy demand for everyday merchandise, including consumable, usable and edible products, as well as year-round products, have been contributing to comparable store sales (comps) growth. Further, its store growth plans have been aiding the comps performance over the years.
The company’s focus on its strategic initiatives has been well-reflected in its forward estimates, which suggest notable growth. The Zacks Consensus Estimate for TSCO’s 2023 sales and earnings suggests growth of 2.6% and 3.4%, respectively, from the year-ago period’s reported numbers.
Image Source: Zacks Investment Research
What Keeps TSCO in Good Stride?
Tractor Supply is expected to retain its growth trajectory on continued progress on its Life Out Here lifestyle assortment, and convenient shopping format to gain customers and market share. The strategy is essentially based on five key pillars — customers, digitization, execution, team members and total shareholder return.
As part of the plan, the company has set its long-term financial growth targets for 2022-2026. Management envisions achieving net sales growth of 6-7%, whereas comps are expected to grow 4-5%. The operating margin is expected to be 10.1-10.6% during the 2022-2026 period, with 8-11% growth in earnings per share. The company is also poised to benefit from the launch of Field Activity Support Team, and the implementation of various technology and service enhancements across the enterprise.
Additionally, Tractor Supply is focused on integrating its physical and digital operations to offer consumers a seamless shopping experience through its ‘ONETractor’ strategy. The company’s omni-channel investments include curbside pickup, same-day and next-day delivery, a re-launched website, and a new mobile app.
Tractor Supply exited the third quarter with high-single-digit e-commerce revenue growth, driven by a strong conversion performance and strength in the buy online, deliver from store program. Its Neighbor's Club program accounted for more than 77% of digital sales in the quarter under review, driven by continued favorable trends and higher retentions. Management earlier predicted to reach more than $2 billion in sales by 2026, out of which it has already attained $1 billion.
Tractor Supply is persistently focusing on store growth initiatives, which include the expansion of its store base and the incorporation of technological advancements to induce traffic and drive the top line. As part of its long-term store plan, Tractor Supply targets to reach 3,000 stores in the United States. To achieve this, it anticipates accelerating its annual new store growth to 90 per year in 2025 and 80 stores in 2024. Management intends to open 70 Tractor Supply stores and 10-15 Petsense stores in 2023.
The company announced an update to its long-term store plan and several new real estate programs to strengthen its balance sheet and real estate portfolio. As part of this, TSCO set a target of 3,000 Tractor Supply stores in the United States, up 200 locations from its prior guidance.
Hurdles on the Way
Tractor Supply has been feeling the pinch of inflation woes and rising costs. The company expects muted consumer spending and an unfavorable seasonal category performance throughout the remainder of the year. This led to management lowering its guidance for 2023. Also, higher depreciation and amortization, the opening of a distribution center, the impacts of higher medical claims, and fixed cost deleverage continue to act as deterrents.
TSCO expects net sales of $14.5-$14.6 billion for 2023, with comps remaining flat year over year. The operating margin is anticipated to be 10.1-10.2%. Earnings per share are expected to be $10.00-$10.10.
Driven by the soft view, shares of the Zacks Rank #3 (Hold) company have lost 1.2% in the past six months compared with the industry’s decline of 0.4%. Additionally, the stock has underperformed the sector and S&P 500’s growth of 7.7% and 5.2%, respectively, in the same period.
Key Picks
We have highlighted three better-ranked stocks from the Consumer Staple sector, namely Abercrombie & Fitch ANF, American Eagle Outfitters AEO and Deckers Outdoor DECK.
Abercrombie currently sports a Zacks Rank #1 (Strong Buy). ANF has a trailing four-quarter earnings surprise of 713%, on average. Shares of ANF have rallied 134.6% in the past six months. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie’s current financial year’s sales suggests growth of 13.3% from the year-ago period’s reported figure. Meanwhile, the consensus mark for earnings per share indicates significant growth of 2,196% from the prior-year period’s actual.
American Eagle has a trailing four-quarter earnings surprise of 23.02%, on average. It carries a Zacks Rank #2 (Buy) at present. Shares of AEO have risen 75.9% in the past six months.
The Zacks Consensus Estimate for American Eagle’s current financial-year sales and earnings suggests growth of 4% and 39.2%, respectively, from the year-ago period's reported figures.
Deckers Outdoor has a trailing four-quarter earnings surprise of 26.3%, on average. It currently has a Zacks Rank #2. Shares of DECK have rallied 39.2% in the past six months.
The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago period's reported figures.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Tractor Supply Company (TSCO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Key Picks We have highlighted three better-ranked stocks from the Consumer Staple sector, namely Abercrombie & Fitch ANF, American Eagle Outfitters AEO and Deckers Outdoor DECK. Deckers Outdoor has a trailing four-quarter earnings surprise of 26.3%, on average. Shares of DECK have rallied 39.2% in the past six months.
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Key Picks We have highlighted three better-ranked stocks from the Consumer Staple sector, namely Abercrombie & Fitch ANF, American Eagle Outfitters AEO and Deckers Outdoor DECK. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Tractor Supply Company (TSCO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor has a trailing four-quarter earnings surprise of 26.3%, on average.
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The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago period's reported figures. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Tractor Supply Company (TSCO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks We have highlighted three better-ranked stocks from the Consumer Staple sector, namely Abercrombie & Fitch ANF, American Eagle Outfitters AEO and Deckers Outdoor DECK.
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Key Picks We have highlighted three better-ranked stocks from the Consumer Staple sector, namely Abercrombie & Fitch ANF, American Eagle Outfitters AEO and Deckers Outdoor DECK. Deckers Outdoor has a trailing four-quarter earnings surprise of 26.3%, on average. Shares of DECK have rallied 39.2% in the past six months.
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6485f941-3740-42db-b5ad-c9132ab7eba3
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723629.0
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2023-12-11 00:00:00 UTC
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Urban Outfitters (URBN) Gains From Business Strength Amid Risks
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https://www.nasdaq.com/articles/urban-outfitters-urbn-gains-from-business-strength-amid-risks
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Urban Outfitters, Inc. URBN has been performing well, driven by its robust business strategies, store-growth endeavors and solid fundamentals. Management has been strengthening its direct-to-consumer business, enhancing productivity across existing channels and optimizing its inventory levels. URBN also remains optimistic about the prospects of its Nuuly business.
The company has been witnessing solid momentum in its Retail segment, backed by strength in the Free People Group and the Anthropologie Group. In the third quarter of fiscal 2023, net sales at the Retail unit rose 7.3% to $1,145.8 million and comparable net sales of the Retail segment grew 5.6%. By brand, the comparable Retail segment’s net sales jumped 22.5% at the Free People Group and 13.2% at the Anthropologie Group.
Management remains optimistic with the sturdy overall consumer demand at the start of the fiscal fourth quarter. It anticipates the trend to continue throughout the quarter. The company’s overall sales growth is envisioned to be in the mid-single digits in the fourth-quarter, driven by a low-single-digit increase in the Retail segment’s comparable sales and high-double-digit growth in Nuuly.
URBN has been making investments in its strategic growth initiative, FP Movement, with digital and creative brand prospects. It believes that this initiative will lure a broader customer base to the Free People brand. Having a differentiated position in the fitness and wellness space, the FP Movement offers a significant growth opportunity and is expected to boost Free People’s brand revenues.
Image Source: Zacks Investment Research
Shares of this Zacks Rank #3 (Hold) company have rallied 37.2% in the past year compared with the industry’s 9.8% growth.
Despite the positives, the company has been witnessing softness in its Wholesale segment. In the third quarter, net sales at the Wholesale unit dropped 3.6% to $69.9 million. The decline was attributable to a 3.5% decline in Free People Group wholesale sales on lower sales to department stores.
URBN has also been encountering rising costs and expenses of late. In the third quarter, its selling, general and administrative (“SG&A”) expenditures increased 12% year-over-year to $345.4 million. As a percentage of net sales, SG&A deleveraged 146 bps to 27%, mainly due to increased incentive-based compensation costs and elevated marketing and creative expenses. It expects fourth-quarter SG&A expenses to grow in the high-single digit range.
3 Red-Hot Stocks
Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
MINISO Group operates as a retailer and wholesaler of lifestyle products. The Zacks Consensus Estimate for MNSO’s current financial-year earnings per share and sales suggests growth of 43.6% and 29.9%, respectively, from the corresponding year-ago reported figures.
Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter earnings surprise of 26.3% on average.
MarineMax is a recreational boat and yacht retailer and a superyacht services company. MarineMax’s earnings came in line with the Zacks Consensus Estimate in the last reported quarter. The Zacks Consensus Estimate for HZO’s current financial year sales suggests growth of 3.1% from the year-ago period’s figures.
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report
MarineMax, Inc. (HZO) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax carry a Zacks Rank #2 (Buy) each. Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories.
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax carry a Zacks Rank #2 (Buy) each.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax carry a Zacks Rank #2 (Buy) each.
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax carry a Zacks Rank #2 (Buy) each. Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories.
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723630.0
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2023-12-11 00:00:00 UTC
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Skechers (SKX) to Benefit From Business Strength Amid Risks
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https://www.nasdaq.com/articles/skechers-skx-to-benefit-from-business-strength-amid-risks
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Skechers U.S.A., Inc. SKX has been benefiting from its robust business strategies. The company remains committed to enhancing its omni-channel capabilities by expanding its direct-to-consumer (“DTC”) business and improving its foothold internationally. The company’s DTC sales increased 23.8% year over year in the third quarter of 2023, following 29.1% growth in the preceding quarter. Results gained from strength in brands and demand for comfort technology products, aided by solid marketing and distribution capabilities.
The company has also been directing its resources to boost its digital capabilities, including augmenting website features, mobile applications and loyalty programs. The implementation of omnichannel features, such as "Buy Online, Pick-Up in Store" and "Buy Online, Pickup at Curbside," reflects the company's commitment to improving customer engagement.
Skechers also remains focused on expanding its physical presence. For instance, SKX opened 72 company-owned stores in the third quarter, with a focus on China and other markets. The company's international business continues to exhibit solid momentum, with international sales accounting for 61% of overall sales in the third quarter. Sales in the EMEA and APAC regions increased by 2.3% and 14.4%, respectively, on a year-over-year basis.
Impressively, the company’s 2023 outlook reflects sales momentum across most businesses. For 2023, management projects sales between $7.95 billion and $8.05 billion and earnings per share between $3.33 and $3.43. These figures show an improvement from sales of $7.44 billion and EPS of $2.38 registered in 2022.
Image Source: Zacks Investment Research
This Zacks Rank #2 (Buy) stock has gained 23.1% in the past three months compared with the industry’s growth of 14.6%.
However, Skechers has been witnessing headwinds in its wholesale business for a while now. In the third quarter of 2023, the company saw a 1.4% decline in wholesale sales due to a 2.3% drop in international wholesale sales. The company expects its domestic wholesale business to remain under pressure in the fourth quarter.
Also, the company has been grappling with higher operating costs and expenses for a while. During the third quarter, total operating expenses grew 13.9% year over year to $858.7 million, while general and administrative expenses jumped 12.8% to $680.4 million. Increased costs were due to higher brand demand creation expenditures, along with elevated facility costs such as rent, depreciation and labor.
3 Other Key Stocks
A few other top-ranked stocks in the same space are The Gap, Inc. GPS, Deckers Outdoor Corporation DECK and Abercrombie & Fitch Co. ANF.
The Gap is a premier international specialty retailer offering a diverse range of clothing, accessories and personal care products. The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for The Gap’s current fiscal-year earnings implies growth of 387.5% from the previous year’s reported number. GPS has a trailing four-quarter average earnings surprise of 137.9%.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel. The company currently flaunts a Zacks Rank #1. The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales implies growth of 13.3% from the previous year’s reported number. ANF has a trailing four-quarter average earnings surprise of 713%.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. It currently carries a Zacks Rank #2. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter average earnings surprise of 26.3%.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3 Other Key Stocks A few other top-ranked stocks in the same space are The Gap, Inc. GPS, Deckers Outdoor Corporation DECK and Abercrombie & Fitch Co. ANF. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Other Key Stocks A few other top-ranked stocks in the same space are The Gap, Inc. GPS, Deckers Outdoor Corporation DECK and Abercrombie & Fitch Co. ANF. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Other Key Stocks A few other top-ranked stocks in the same space are The Gap, Inc. GPS, Deckers Outdoor Corporation DECK and Abercrombie & Fitch Co. ANF.
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3 Other Key Stocks A few other top-ranked stocks in the same space are The Gap, Inc. GPS, Deckers Outdoor Corporation DECK and Abercrombie & Fitch Co. ANF. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures.
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2023-12-11 00:00:00 UTC
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Zacks.com featured highlights include Brinker International, Deckers Outdoor, Target, Intel and Everest Group
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-brinker-international-deckers-outdoor-target-intel
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For Immediate Release
Chicago, IL – December 11, 2023 – Stocks in this week’s article are Brinker International EAT, Deckers Outdoor DECK, Target TGT, Intel INTC and Everest Group Ltd. EG.
Play Potential Earnings Beats with 5 Top-Ranked Stocks
It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectations. This is because investors always try to position themselves ahead of time and look to tap stocks that are high-quality in nature.
Why Is a Positive Earnings Surprise So Important?
Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations. After all, a 20% earnings rise (though apparently looks good) doesn't tell you if earnings growth has been exhibiting a decelerating trend.
Also, seasonal fluctuations come into play sometimes. If a company's Q1 is seasonally weak and Q4 strong, then it is likely to report a sequential earnings decline. In such cases, growth rates are misleading while judging the true health of a company.
On the other hand, after much brainstorming and analysis of companies' financials and initiatives, Wall Street analysts project earnings of companies. They in fact club their insights and a company's guidance when deriving an earnings estimate.
Thus, outperforming that estimate is almost equivalent to beating the company's own expectation as well as the market perception. And if the margin of earnings surprise is big, it typically drives the stock higher right after the release. Thus, more than anything else, an earnings surprise can push a stock higher.
How to Find Stocks That Can Beat?
Now, finding stocks that have the potential to beat on the bottom line may be investors' dream but not an easy job. One way to do this is to look at the earnings surprise history of the company.
An impressive track in this regard generally acts as a catalyst in sending a stock higher. It indicates the company's ability to surpass estimates. And investors generally believe that the company will apply the same secret sauce to execute yet another earning beat in its next release.
Here are five out of 13 stocks:
Brinker International: The Zacks Rank #1 company owns, operates, develops and franchises various restaurants under Chili's Grill & Bar (Chili's) and Maggiano's Little Italy (Maggiano's) brands. You can see the complete list of today's Zacks #1 Rank stocks here.
The average earnings surprise of EAT for the past four quarters is 223.60%.
Deckers Outdoor: Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The stock has a Zacks Rank #2 (Buy).
The average earnings surprise of DECK for the past four quarters is 26.32%.
Target: The Zacks Rank #2 company has evolved from just being a pure brick-and-mortar retailer to an omnichannel entity.
The average earnings surprise of TGT for the past four quarters is 30.84%.
Intel: The Zacks Rank #1 company, the world's largest semiconductor firm and primary supplier of microprocessors and chipsets, is gradually reducing its dependence on PC-centric business by moving into data-centric businesses — such as AI and autonomous driving.
The average earnings surprise of INTC for the past four quarters is 136.31%.
Everest Group Ltd.: The Zacks Rank #2 company underwrites property and casualty reinsurance for insurance and reinsurance companies in the United States and international markets.
The average earnings surprise of EG for the past four quarters is 24.50%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2195227/play-potential-earnings-beat-with-5-top-ranked-stocks
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intel Corporation (INTC) : Free Stock Analysis Report
Target Corporation (TGT) : Free Stock Analysis Report
Brinker International, Inc. (EAT) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Everest Group, Ltd. (EG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – December 11, 2023 – Stocks in this week’s article are Brinker International EAT, Deckers Outdoor DECK, Target TGT, Intel INTC and Everest Group Ltd. EG. Deckers Outdoor: Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The average earnings surprise of DECK for the past four quarters is 26.32%.
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For Immediate Release Chicago, IL – December 11, 2023 – Stocks in this week’s article are Brinker International EAT, Deckers Outdoor DECK, Target TGT, Intel INTC and Everest Group Ltd. EG. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Target Corporation (TGT) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Everest Group, Ltd. (EG) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor: Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Target Corporation (TGT) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Everest Group, Ltd. (EG) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – December 11, 2023 – Stocks in this week’s article are Brinker International EAT, Deckers Outdoor DECK, Target TGT, Intel INTC and Everest Group Ltd. EG. Deckers Outdoor: Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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For Immediate Release Chicago, IL – December 11, 2023 – Stocks in this week’s article are Brinker International EAT, Deckers Outdoor DECK, Target TGT, Intel INTC and Everest Group Ltd. EG. Deckers Outdoor: Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The average earnings surprise of DECK for the past four quarters is 26.32%.
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f79649b4-9883-4366-af7a-f5dece486334
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723632.0
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2023-12-11 00:00:00 UTC
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Notable ETF Inflow Detected - IJH, DECK, BLDR, RS
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DECK
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https://www.nasdaq.com/articles/notable-etf-inflow-detected-ijh-deck-bldr-rs
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $210.5 million dollar inflow -- that's a 0.3% increase week over week in outstanding units (from 281,000,000 to 281,800,000). Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.3%, Builders FirstSource Inc. (Symbol: BLDR) is up about 0.3%, and Reliance Steel & Aluminum Co. (Symbol: RS) is up by about 0.7%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average:
Looking at the chart above, IJH's low point in its 52 week range is $231.49 per share, with $273.73 as the 52 week high point — that compares with a last trade of $263.76. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
AIN Dividend History
SWM Price Target
ABEO Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.3%, Builders FirstSource Inc. (Symbol: BLDR) is up about 0.3%, and Reliance Steel & Aluminum Co. (Symbol: RS) is up by about 0.7%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.3%, Builders FirstSource Inc. (Symbol: BLDR) is up about 0.3%, and Reliance Steel & Aluminum Co. (Symbol: RS) is up by about 0.7%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $231.49 per share, with $273.73 as the 52 week high point — that compares with a last trade of $263.76. Click here to find out which 9 other ETFs had notable inflows » Also see: AIN Dividend History SWM Price Target ABEO Stock Predictions The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.3%, Builders FirstSource Inc. (Symbol: BLDR) is up about 0.3%, and Reliance Steel & Aluminum Co. (Symbol: RS) is up by about 0.7%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $210.5 million dollar inflow -- that's a 0.3% increase week over week in outstanding units (from 281,000,000 to 281,800,000). For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $231.49 per share, with $273.73 as the 52 week high point — that compares with a last trade of $263.76.
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Among the largest underlying components of IJH, in trading today Deckers Outdoor Corp. (Symbol: DECK) is up about 1.3%, Builders FirstSource Inc. (Symbol: BLDR) is up about 0.3%, and Reliance Steel & Aluminum Co. (Symbol: RS) is up by about 0.7%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $210.5 million dollar inflow -- that's a 0.3% increase week over week in outstanding units (from 281,000,000 to 281,800,000). For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $231.49 per share, with $273.73 as the 52 week high point — that compares with a last trade of $263.76.
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0ca72ebc-93e8-41e1-a3fc-a9e18b73e812
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723633.0
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2023-12-11 00:00:00 UTC
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Deckers Outdoor Corp. Shares Climb 1.4% Past Previous 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-climb-1.4-past-previous-52-week-high-market-mover
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed 1.4% higher than its previous 52 week high, giving the company a market cap of $18B. The stock is currently up 76.8% year-to-date, up 86.1% over the past 12 months, and up 457.5% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%.
Trading Activity
Trading volume this week was 12.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 788.3%
The company's stock price performance over the past 12 months beats the peer average by 616.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 106.7% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed 1.4% higher than its previous 52 week high, giving the company a market cap of $18B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 788.3% The company's stock price performance over the past 12 months beats the peer average by 616.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 106.7% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 1.4% higher than its previous 52 week high, giving the company a market cap of $18B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 788.3% The company's stock price performance over the past 12 months beats the peer average by 616.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 106.7% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 1.4% higher than its previous 52 week high, giving the company a market cap of $18B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 788.3% The company's stock price performance over the past 12 months beats the peer average by 616.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 106.7% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Deckers Outdoor Corp. (DECK) shares closed 1.4% higher than its previous 52 week high, giving the company a market cap of $18B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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ea37c1c4-0ed8-4fb9-80d6-939da8372c03
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723634.0
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2023-12-08 00:00:00 UTC
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Deckers (DECK) Rises Yet Lags Behind Market: Some Facts Worth Knowing
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DECK
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https://www.nasdaq.com/articles/deckers-deck-rises-yet-lags-behind-market%3A-some-facts-worth-knowing
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nan
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nan
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Deckers (DECK) ended the recent trading session at $695.38, demonstrating a +0.14% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.41%. Elsewhere, the Dow saw an upswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.45%.
Shares of the maker of Ugg footwear have appreciated by 10.3% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 3.84% and the S&P 500's gain of 4.91%.
The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report. On that day, Deckers is projected to report earnings of $10.86 per share, which would represent year-over-year growth of 3.63%. Meanwhile, our latest consensus estimate is calling for revenue of $1.4 billion, up 3.69% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $23.42 per share and a revenue of $4.04 billion, indicating changes of +20.91% and +11.37%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Deckers. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.01% higher. Deckers is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Deckers's current valuation metrics, including its Forward P/E ratio of 29.65. This signifies a premium in comparison to the average Forward P/E of 14.42 for its industry.
One should further note that DECK currently holds a PEG ratio of 1.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Retail - Apparel and Shoes industry stood at 1.53 at the close of the market yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 149, which puts it in the bottom 41% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DECK in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers (DECK) ended the recent trading session at $695.38, demonstrating a +0.14% swing from the preceding day's closing price. The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report. On that day, Deckers is projected to report earnings of $10.86 per share, which would represent year-over-year growth of 3.63%.
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Deckers (DECK) ended the recent trading session at $695.38, demonstrating a +0.14% swing from the preceding day's closing price. The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report. On that day, Deckers is projected to report earnings of $10.86 per share, which would represent year-over-year growth of 3.63%.
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Deckers (DECK) ended the recent trading session at $695.38, demonstrating a +0.14% swing from the preceding day's closing price. The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report. On that day, Deckers is projected to report earnings of $10.86 per share, which would represent year-over-year growth of 3.63%.
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On that day, Deckers is projected to report earnings of $10.86 per share, which would represent year-over-year growth of 3.63%. Deckers (DECK) ended the recent trading session at $695.38, demonstrating a +0.14% swing from the preceding day's closing price. The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report.
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32ac1c5b-9bcf-4b94-bc42-c89a1ddb19d7
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723635.0
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2023-12-08 00:00:00 UTC
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lululemon (LULU) Tops on Q3 Earnings & Sales, Raises FY23 View
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DECK
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https://www.nasdaq.com/articles/lululemon-lulu-tops-on-q3-earnings-sales-raises-fy23-view
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nan
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nan
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Shares of lululemon athletica inc. LULU gained 0.87% in the after-market trading session on Dec 7, following the strong third-quarter fiscal 2023 results. Revenues and earnings surpassed the Zacks Consensus Estimate and improved year over year.
The results were driven by innovative product offerings and the strength of its business model. The company has been on track with the Power of Three X2 growth plan. It outlined its guidance for fourth-quarter and fiscal 2023.
Top & Bottom Lines in Detail
lululemon’s fiscal third-quarter adjusted earnings of $2.53 per share jumped 26.5% year over year and beat the Zacks Consensus Estimate of $2.27.
The Vancouver, Canada-based company’s quarterly revenues advanced 19% year over year to $2,204.2 million and outpaced the Zacks Consensus Estimate of $2,188 million. Net revenues grew 12% in North America and 49% internationally.
Total comparable sales rose 13% year over year and 14% on a constant-dollar basis. Comparable store sales climbed 9% year over year and e-commerce sales increased 19% year over year. Our estimate for comparable store sales growth was pegged at 9.3% on a constant-dollar basis.
Direct-to-consumer net revenues climbed 18% (up 19% on a constant-dollar basis). The metric accounted for 41% of the total net revenues, in line with the third quarter of fiscal 2022.
The Zacks Rank #3 (Hold) company’s shares have rallied 42.4% in the past year compared with the industry’s growth of 11.4%.
Image Source: Zacks Investment Research
Margins
Adjusted gross profit improved 23% year over year to $1,280.4 million and outpaced our estimate of $1,251.5 million. Also, the adjusted gross margin expanded 220 basis points (bps) to 58.1% due to a 250-bps rise in the product margin from lower freight costs and lower air freight use. We expected the adjusted gross margin to expand 160 bps to 57.5% for the quarter under review.
SG&A expenses of $842.8 million increased 23.2% from the year-ago quarter and lagged our estimate of $844.6 million. SG&A expenses, as a percentage of net revenues, were 38.2%, up 140 bps from the 36.8% reported in the prior-year quarter. We expected the metric to expand 200 bps to 38.8% for the quarter.
Adjusted operating income jumped 24% year over year to $436.3 million and surpassed our estimate of $405.1 million. We note that the adjusted operating margin rose 80 bps year over year to 19.8% in the quarter under review.
Store Update
In the fiscal third quarter, LULU opened 14 net new stores, including 15 store openings and closure of one, and completed eight store optimizations. As of Oct 29, 2023, it operated 686 stores.
In fourth-quarter fiscal 2023, it expects to open 25 company-operated stores. Management expects to open 55 company-operated stores in fiscal 2023, along with the completion of 25-30 co-located remodels.
Financials
lululemon exited the quarter with cash and cash equivalents of $1,091.1 million, and stockholders’ equity of $3,525.8 million. At the end of the quarter, it had $393.4 million remaining under its committed revolving credit facility. Its inventories decreased 4% year over year to $1,663.6 million.
In the quarter under review, management repurchased 0.6 million shares at an average rate of $380.88 per share. As of Oct 29, 2023, it had $243.2 million remaining under its previously authorized share repurchase program. On Nov 29, 2023, the company approved an additional stock repurchase program for up to $1 billion of the company's common shares.
Outlook
For the fourth quarter of fiscal 2023, management anticipates net revenues of $3.135-$3.170 billion, indicating 13-14% year-over-year growth.
The gross margin is expected to expand 90-120 bps, driven by lower airfreight costs. This is likely to be partly offset by strategic investments to support growth, including investments in its supply chains, distribution centers and product teams, and modest deleverage on occupancy and depreciation.
SG&A, as a percentage of sales, is likely to deleverage by 160-190 bps year over year. The operating margin is predicted to contract 70 bps year over year. The adjusted EPS in the fourth quarter is expected to be $4.85-$4.93 per share, whereas it reported $4.40 a year ago. It estimates an effective tax rate of 30% for the fourth quarter.
LULU also raised the guidance for fiscal 2023. It anticipates net revenues of $9.55-$9.58 billion compared with the prior mentioned $9.51-$9.57 billion. The metric indicates year-over-year growth of 18%.
The company projects an adjusted EPS of $12.34-$12.42, higher than the earlier forecast of $12.02-$12.17. The estimate suggests a jump from the $10.07 reported in fiscal 2022.
LULU anticipates an effective tax rate of 29.5% for fiscal 2023. SG&A, as a percentage of sales, is likely to deleverage by 120-140 bps year over year. It expects the fiscal 2023 operating margin to rise 70 bps from the year-ago reported level.
lululemon expects a capital expenditure of $670-$690 million for fiscal 2023, suggesting 7% of revenues. This is in line with the company’s power of three X2 initiative’s target of 7-9% of revenues.
As part of the Power of Three X2 growth plan, LULU estimates net revenues of $12.5 billion by 2026, implying significant growth from the 2021 reported figure of $6.25 billion.
Stocks to Consider
A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and American Eagle Outfitters Inc. AEO.
Abercrombie operates as a specialty retailer of premium, high-quality casual apparel. It currently sports a Zacks Rank #1 (Strong Buy). The company recorded an EPS surprise of 60.5% in the last reported quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie’s current fiscal-year sales suggests growth of 12.8% from the year-ago reported number. ANF has a trailing four-quarter earnings surprise of 713%, on average.
Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. It has a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers. DECK has a trailing four-quarter earnings surprise of 26.3%, on average.
American Eagle Outfitters is a specialty retailer of casual apparel, accessories and footwear for men and women. It currently has a Zacks Rank #2.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal-year earnings and sales indicates growth of 39.2% and 3.9%, respectively, from the previous year’s reported numbers. AEO has a trailing four-quarter average earnings surprise of 23%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. Stocks to Consider A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and American Eagle Outfitters Inc. AEO. The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers.
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Stocks to Consider A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and American Eagle Outfitters Inc. AEO. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and American Eagle Outfitters Inc. AEO. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Stocks to Consider A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and American Eagle Outfitters Inc. AEO. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers.
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68b30ab9-a773-4d62-a018-eb7e0601a42a
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723636.0
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2023-12-08 00:00:00 UTC
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Reasons to Add Deckers Outdoor (DECK) to Your Portfolio Now
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DECK
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https://www.nasdaq.com/articles/reasons-to-add-deckers-outdoor-deck-to-your-portfolio-now
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nan
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nan
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Deckers Outdoor Corporation DECK is well poised for growth, courtesy of strength across its businesses, focus on strategic priorities, robust omni-channel capabilities and shareholder-friendly policies. The company has also been benefiting from its growing Direct-to-Consumer (“DTC”) business.
This Zacks Rank #2 (Buy) company has a market capitalization of $17.9 billion.
Over the past three months, its shares have risen 31.7% compared with the industry’s growth of 11.5%.
Image Source: Zacks Investment Research
The consensus estimate for the current and next fiscal year has increased 1 penny and 4 cents to $23.42 and $26.44, respectively, over the past seven days.
Let’s delve into the factors that have been aiding this manufacturer of niche footwear and accessories for a while now.
Deckers Outdoor has been targeting profitable and underpenetrated markets and remains focused on product innovations, store expansion and enhancement of e-commerce capabilities. The company’s focus on expanding its brand assortments, bringing more innovative lines of products, targeting consumers digitally and optimizing omni-channel distribution bodes well. It is leveraging digital channels to effectively reach and engage consumers, optimizing its omni-channel distribution for increased accessibility.
DECK has made substantial investments to strengthen its online presence and improve shopping experience for its customers. It remains focused on opening smaller-concept omni-channel outlets and expanding programs such as Retail Inventory Online, Infinite UGG, Buy Online, Return In Store and Click and Collect to enhance customer shopping experience.
Deckers Outdoor has been reaping the benefits of favorable trends and momentum across the HOKA DTC channel and broad-based UGG growth across regions and channels. In the second quarter of fiscal 2024, Deckers’ DTC business was the fastest-growing component of revenue growth, increasing 40% year over year, as HOKA and UGG brands witnessed more than 30% growth in consumer acquisition. In the quarter, the UGG and HOKA brands’ net sales climbed 28.1% and 27.3%, respectively.
DECK has also been experiencing strength in its global wholesale business, driven by robust consumer demand for UGG and HOKA brands in both domestic and international markets. For instance, in second-quarter fiscal 2024, its wholesale net sales increased by 19.4% year over year to $760.2 million.
Driven by the sustained global brand momentum and strong product demand, it raised its financial outlook for fiscal 2024. The company expects fiscal 2024 net sales to be $4,025 million, up from the earlier mentioned $3,980 million. This suggests an increase of 11% from the $3,627 million reported in fiscal 2023. It projects fiscal 2024 earnings of $22.90-$23.25 per share, up from the formerly stated $21.75-$22.25. Deckers reported earnings of $19.37 per share in fiscal 2023.
3 Other Red-Hot Stocks
Some other top-ranked stocks from the same industry are Abercrombie & Fitch Co. ANF, MINISO Group Holding Limited MNSO and American Eagle Outfitters AEO. While Abercrombie & Fitch and MINISO Group sport a Zacks Rank #1 (Strong Buy) each, American Eagle Outfitters carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel. The Zacks Consensus Estimate for ANF’s current fiscal-year sales implies growth of 12.8% from the previous year’s reported number. ANF has a trailing four-quarter average earnings surprise of 713%.
MINISO Group operates as a retailer and wholesaler of lifestyle products. The Zacks Consensus Estimate for MNSO’s current financial-year earnings per share and sales implies growth of 43.6% and 29.9%, respectively, from the previous year's reported figure.
American Eagle Outfitters is a retailer of casual apparel, accessories and footwear. The Zacks Consensus Estimate for American Eagle Outfitters’ current financial-year sales and EPS indicates growth of 3.9% and 39.2%, respectively, from the year-ago reported figure. AEO has a trailing four-quarter average earnings surprise of 23%.
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation DECK is well poised for growth, courtesy of strength across its businesses, focus on strategic priorities, robust omni-channel capabilities and shareholder-friendly policies. DECK has also been experiencing strength in its global wholesale business, driven by robust consumer demand for UGG and HOKA brands in both domestic and international markets. Deckers Outdoor has been targeting profitable and underpenetrated markets and remains focused on product innovations, store expansion and enhancement of e-commerce capabilities.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is well poised for growth, courtesy of strength across its businesses, focus on strategic priorities, robust omni-channel capabilities and shareholder-friendly policies. Deckers Outdoor has been targeting profitable and underpenetrated markets and remains focused on product innovations, store expansion and enhancement of e-commerce capabilities.
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In the second quarter of fiscal 2024, Deckers’ DTC business was the fastest-growing component of revenue growth, increasing 40% year over year, as HOKA and UGG brands witnessed more than 30% growth in consumer acquisition. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is well poised for growth, courtesy of strength across its businesses, focus on strategic priorities, robust omni-channel capabilities and shareholder-friendly policies.
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In the second quarter of fiscal 2024, Deckers’ DTC business was the fastest-growing component of revenue growth, increasing 40% year over year, as HOKA and UGG brands witnessed more than 30% growth in consumer acquisition. Deckers reported earnings of $19.37 per share in fiscal 2023. Deckers Outdoor Corporation DECK is well poised for growth, courtesy of strength across its businesses, focus on strategic priorities, robust omni-channel capabilities and shareholder-friendly policies.
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98e0368a-e5d2-4253-adc1-eae2c48cb713
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723637.0
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2023-12-08 00:00:00 UTC
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Play Potential Earnings Beat With 5 Top-Ranked Stocks
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DECK
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https://www.nasdaq.com/articles/play-potential-earnings-beat-with-5-top-ranked-stocks
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nan
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nan
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It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectations. This is because investors always try to position themselves ahead of time and look to tap stocks that are high-quality in nature.
In this regard, we ran a screener that indicated that Brinker International EAT, Deckers Outdoor DECK, Target TGT, Intel INTC and Everest Group Ltd. EG are likely to beat earnings estimates in their upcoming release.
Why is a Positive Earnings Surprise so Important?
Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations. After all, a 20% earnings rise (though apparently looks good) doesn’t tell you if earnings growth has been exhibiting a decelerating trend.
Also, seasonal fluctuations come into play sometimes. If a company’s Q1 is seasonally weak and Q4 strong, then it is likely to report a sequential earnings decline. In such cases, growth rates are misleading while judging the true health of a company.
On the other hand, after much brainstorming and analysis of companies’ financials and initiatives, Wall Street analysts project earnings of companies. They in fact club their insights and a company’s guidance when deriving an earnings estimate.
Thus, outperforming that estimate is almost equivalent to beating the company’s own expectation as well as the market perception. And if the margin of earnings surprise is big, it typically drives the stock higher right after the release. Thus, more than anything else, an earnings surprise can push a stock higher.
How to Find Stocks That Can Beat?
Now, finding stocks that have the potential to beat on the bottom line may be investors’ dream but not an easy job. One way to do this is to look at the earnings surprise history of the company.
An impressive track in this regard generally acts as a catalyst in sending a stock higher. It indicates the company’s ability to surpass estimates. And investors generally believe that the company will apply the same secret sauce to execute yet another earning beat in its next release.
The Winning Strategy
In order to shortlist stocks that are likely to come up with an earnings surprise, we chose the following as our primary screening parameters.
Last EPS Surprise greater than or equal to 10%: Stocks delivering positive surprise in the last quarter tend to surprise again.
Average EPS Surprise in the last four quarters greater than 20%: We lifted the bar for outperformance slight higher by setting the average earnings surprise for the last four quarters at 20%.
Average EPS Surprise in the last two quarters greater than 20%: This points to a more consistent surprise history and makes the case for another surprise even stronger.
In addition, we place a few other criteria that push up the chance of a positive surprise.
Zacks Rank less than or equal to 2: Only companies with a Zacks Rank #1 (Strong Buy) or 2 (Buy) rating can get through.
Earnings ESP greater than zero: A stock needs to have both a positive Earnings ESP and a Zacks Rank of #1, 2 or 3 for an earnings beat to happen, as per our proven model.
In order to zero in on those that have long-term growth potential and high trading liquidity we have added the following parameters too:
Next 3–5 Years Estimated EPS Growth (Per Year) greater than 10%: Solid expected earnings growth exhibits the stock’s long-term growth prospects.
Average 20-day Volume greater than 100,000: High trading volume implies that the stocks have adequate liquidity.
A handful of criteria have narrowed down the universe from more than 7,700 stocks to only 13.
Here are five out of 13 stocks:
Brinker International (EAT): The Zacks Rank #1 company owns, operates, develops and franchises various restaurants under Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) brands. You can see the complete list of today’s Zacks #1 Rank stocks here.
The average earnings surprise of EAT for the past four quarters is 223.60%.
Deckers Outdoor (DECK): Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The stock has a Zacks Rank #2 (Buy).
The average earnings surprise of DECK for the past four quarters is 26.32%.
Target (TGT): The Zacks Rank #2 company has evolved from just being a pure brick-and-mortar retailer to an omnichannel entity.
The average earnings surprise of TGT for the past four quarters is 30.84%.
Intel (INTC): The Zacks Rank #1 company, the world’s largest semiconductor firm and primary supplier of microprocessors and chipsets, is gradually reducing its dependence on PC-centric business by moving into data-centric businesses — such as AI and autonomous driving.
The average earnings surprise of INTC for the past four quarters is 136.31%.
Everest Group Ltd. (EG): The Zacks Rank #2 company underwrites property and casualty reinsurance for insurance and reinsurance companies in the United States and international markets.
The average earnings surprise of EG for the past four quarters is 24.50%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: http://www.zacks.com/performance.
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Intel Corporation (INTC) : Free Stock Analysis Report
Target Corporation (TGT) : Free Stock Analysis Report
Brinker International, Inc. (EAT) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Everest Group, Ltd. (EG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this regard, we ran a screener that indicated that Brinker International EAT, Deckers Outdoor DECK, Target TGT, Intel INTC and Everest Group Ltd. EG are likely to beat earnings estimates in their upcoming release. Deckers Outdoor (DECK): Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The average earnings surprise of DECK for the past four quarters is 26.32%.
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In this regard, we ran a screener that indicated that Brinker International EAT, Deckers Outdoor DECK, Target TGT, Intel INTC and Everest Group Ltd. EG are likely to beat earnings estimates in their upcoming release. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Target Corporation (TGT) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Everest Group, Ltd. (EG) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor (DECK): Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Target Corporation (TGT) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Everest Group, Ltd. (EG) : Free Stock Analysis Report To read this article on Zacks.com click here. In this regard, we ran a screener that indicated that Brinker International EAT, Deckers Outdoor DECK, Target TGT, Intel INTC and Everest Group Ltd. EG are likely to beat earnings estimates in their upcoming release. Deckers Outdoor (DECK): Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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In this regard, we ran a screener that indicated that Brinker International EAT, Deckers Outdoor DECK, Target TGT, Intel INTC and Everest Group Ltd. EG are likely to beat earnings estimates in their upcoming release. Deckers Outdoor (DECK): Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The average earnings surprise of DECK for the past four quarters is 26.32%.
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29ac6d8a-f01c-44b6-8438-b9c9851fcbed
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723638.0
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2023-12-07 00:00:00 UTC
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Deckers Outdoor Corp. Shares Close in on 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-close-in-on-52-week-high-market-mover-9
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 0.5% below its 52 week high of $698.84, giving the company a market cap of $17B. The stock is currently up 74.0% year-to-date, up 83.8% over the past 12 months, and up 476.7% over the past five years. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 rose 0.4%.
Trading Activity
Trading volume this week was 21.1% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 982.5%
The company's stock price performance over the past 12 months beats the peer average by 742.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 108.0% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.5% below its 52 week high of $698.84, giving the company a market cap of $17B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 982.5% The company's stock price performance over the past 12 months beats the peer average by 742.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 108.0% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.5% below its 52 week high of $698.84, giving the company a market cap of $17B. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 rose 0.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.5% below its 52 week high of $698.84, giving the company a market cap of $17B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 982.5% The company's stock price performance over the past 12 months beats the peer average by 742.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 108.0% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.5% below its 52 week high of $698.84, giving the company a market cap of $17B. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 rose 0.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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eb10ad3f-8ec0-4f7c-8d77-3b5b4a7f7c98
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723639.0
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2023-12-07 00:00:00 UTC
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Sportsman's Warehouse (SPWH) Q3 Loss Narrows, Sales Beat
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DECK
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https://www.nasdaq.com/articles/sportsmans-warehouse-spwh-q3-loss-narrows-sales-beat
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nan
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Sportsman's Warehouse Holdings, Inc. SPWH reported third-quarter fiscal 2023 results, wherein the top line beat the Zacks Consensus Estimate, while the bottom line posted a narrower-than-expected loss. However, both metrics declined year over year. The company’s results reflected the impacts of the ongoing inflationary pressures on consumer spending, particularly on discretionary products.
Despite facing various macroeconomic challenges, Sportsman's Warehouse has been focused on managing inventory, specifically in clearing through excess apparel and footwear. In terms of cost management, the company has realized substantial financial benefits from a cost reduction plan, particularly in reducing selling, general and administrative expenses.
This plan, outlined in the previous quarter, has contributed to Sportsman's Warehouse's improved financial standing in the fiscal third quarter. Looking forward, the company intends to continue these strategies with an aim to lower debt levels, positioning it for a strong start in fiscal 2024.
Sportsman's Warehouse Holdings, Inc. Price, Consensus and EPS Surprise
Sportsman's Warehouse Holdings, Inc. price-consensus-eps-surprise-chart | Sportsman's Warehouse Holdings, Inc. Quote
Let’s Delve Deeper
Sportsman's Warehouse posted an adjusted loss of 1 cent per share in the fiscal third quarter, which was narrower than the Zacks Consensus Estimate of an adjusted loss of 11 cents. The bottom line declined from adjusted earnings of 34 cents per share in the year-ago period.
Net sales of $340.6 million slipped 5.3% year over year but surpassed the Zacks Consensus Estimate of $316 million. Same-store sales decreased 11.4%. The Zacks Consensus Estimate for same-store sales was pegged to decline 18% in third-quarter fiscal 2023.
The decrease in net sales and same-store sales was mainly caused by ongoing consumer inflationary pressures and recessionary concerns, which led to a reduction in discretionary spending. However, the decline was somewhat balanced by the launch of 15 stores since Oct 29, 2022, and a rise in demand for certain categories as an outcome of social unrest.
Gross profit of $103.2 million declined 14.6% from $120.8 million in the year-ago quarter. Also, the gross margin contracted 330 bps year over year to 30.3%, primarily driven by a lower product margin in the ammunition category, coupled with heightened promotional activities aimed at boosting in-store and online traffic.
Selling, general and administrative expenses declined 2.2% year over year to $100.1 million. As a percentage of net revenues, SG&A expenses increased 100 bps to 29.4% in third-quarter fiscal 2023.
The decline primarily resulted from reduced payroll, other operating costs, and store pre-opening expenses, which collectively amounted to $8.8 million. However, this was partly negated by a rise in depreciation, rent, and professional fees.
Adjusted EBITDA of $16.2 million declined 41.5% year over year. The adjusted EBITDA margin contracted 290 bps year over year to 4.8%.
Image Source: Zacks Investment Research
Other Financial Details
Sportsman's Warehouse ended the quarter with a net debt of $182.5 million, which includes $185.4 million of borrowings outstanding under its revolving credit facility, balanced by $2.9 million of cash and cash equivalents. Total stockholders' equity was $272.3 million at the end of the quarter under review.
Guidance
For fourth-quarter fiscal 2023, Sportsman's Warehouse anticipates net sales of $365-$390 million, with same-store sales down 6-11% year over year. The company estimates an adjusted loss per share of 25-35 cents for the fiscal fourth quarter.
The company expects a gross margin contraction of 600-800 bps for the fiscal fourth quarter. The contraction is expected to result from more aggressive promotional activities.
Shares of this Zacks Rank #3 (Hold) company have gained 58.8% in the past three months compared with the industry's growth of 11.5%.
Stocks to Consider
A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and Skechers U.S.A., Inc. SKX.
Abercrombie operates as a specialty retailer of premium, high-quality casual apparel. It currently sports a Zacks Rank #1 (Strong Buy). The company reported an EPS surprise of 60.5% in the last reported quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie’s current fiscal-year sales suggests growth of 12.8% from the year-ago reported number. ANF has a trailing four-quarter earnings surprise of 713%, on average.
Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. It has a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers. DECK has a trailing four-quarter earnings surprise of 26.3%, on average.
Skechers U.S.A. designs, develops, markets and distributes footwear. It currently has a Zacks Rank #2.
The Zacks Consensus Estimate for Skechers’ current financial-year earnings and sales indicates growth of 44.5% and 8.2%, respectively, from the previous year’s reported numbers. SKX has a trailing four-quarter average earnings surprise of 50.3%.
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Sportsman's Warehouse Holdings, Inc. (SPWH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers. Stocks to Consider A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and Skechers U.S.A., Inc. SKX.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Sportsman's Warehouse Holdings, Inc. (SPWH) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and Skechers U.S.A., Inc. SKX. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Sportsman's Warehouse Holdings, Inc. (SPWH) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and Skechers U.S.A., Inc. SKX. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Stocks to Consider A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and Skechers U.S.A., Inc. SKX. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers.
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53b1d615-c14b-4496-ad9f-c186f26c0c26
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723640.0
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2023-12-07 00:00:00 UTC
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Foot Locker (FL) Gains From Digital Business Strength Amid Risks
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DECK
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https://www.nasdaq.com/articles/foot-locker-fl-gains-from-digital-business-strength-amid-risks
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nan
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Foot Locker, Inc. FL has been effectively managing inventory, improving supply chain efficiencies and reorganizing its corporate structure. The company remains focused on boosting customer experience, investing in long-term growth and driving productivity. In this regard, management is accelerating efforts, including greater diversification of merchandise and vendor mix, the rollout of the important growth banners and the advancement of omni-channel endeavors.
The company’s digital business has been performing well. It has been investing significantly to reinforce its digital presence and augment its direct-to-consumer operations. During the third quarter of fiscal 2023, the company’s digital sales penetration rate was 17%, up 150 basis points (bps) year over year, excluding East Bay, which closed last year.
FL has been enhancing its buy online and pickup in-store capabilities, as well as elevating its mobile app experience. It has been expanding its footprint at WSS, the company’s off-mall banner. For WSS, the company targets opening around 26 new stores in fiscal 2023.
The company is progressing well with the FLX membership program, which helps it serve customers efficiently. Its cost management actions are likely to have aided its margins amid the inflationary pressure. FL’s cost optimization program generated total savings of about $30 million in the third quarter.
Image Source: Zacks Investment Research
In the past three months, shares of this Zacks Rank #3 (Hold) company have increased 55.8% compared with the industry’s 11.1% growth.
However, Foot Locker continues to operate in a highly dynamic retail landscape. It witnessed softer-than-expected sales in the first nine months of the current fiscal year. Amid the uncertain demand environment and ongoing sales dynamics, the company expects sales to decline 8-8.5% in fiscal 2023 on a year-over-year basis. For fourth-quarter fiscal 2023, it anticipates sales to decline 2-4% and comparable sales to fall 7-9% year over year.
The company has been struggling with soft margins for a while now. In the third-quarter fiscal 2023, Foot Locker's gross margin rate dropped 470 bps from the prior-year quarter’s figure. Higher markdowns, occupancy deleverage and increased shrinkage caused a margin decline. For fiscal 2023, Foot Locker expects the gross margin to be in the range of 27.8-27.9%.
3 Red-Hot Stocks
Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
MINISO Group operates as a retailer and wholesaler of lifestyle products. The Zacks Consensus Estimate for MNSO’s current financial-year earnings per share and sales suggests growth of 43.6% and 29.9%, respectively, from the corresponding year-ago reported figures.
Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter earnings surprise of 26.3% on average.
MarineMax is a recreational boat and yacht retailer and a superyacht services company. MarineMax’s earnings came in line with the Zacks Consensus Estimate in the last reported quarter. The Zacks Consensus Estimate for HZO’s current financial year sales suggests growth of 3.1% from the year-ago period’s figures.
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Foot Locker, Inc. (FL) : Free Stock Analysis Report
MarineMax, Inc. (HZO) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories.
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Foot Locker, Inc. (FL) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Foot Locker, Inc. (FL) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO.
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories.
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aec804d2-328a-4b47-ba5c-c825f5a35e2a
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723641.0
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2023-12-06 00:00:00 UTC
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Designer Brands (DBI) Q3 Earnings Lag Estimates, Comps Dip Y/Y
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DECK
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https://www.nasdaq.com/articles/designer-brands-dbi-q3-earnings-lag-estimates-comps-dip-y-y
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nan
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Designer Brands Inc. DBI released third-quarter fiscal 2023 results, wherein the top and bottom lines missed the Zacks Consensus Estimate. Also, both metrics declined year over year.
Designer Brands recently faced challenges due to a contracting footwear market, the first such decline since the pandemic, combined with unseasonably warm weather. This situation led to a significant reduction in customer demand for shoes, impacting the company's seasonal assortments.
Nonetheless, the company registered decent performances in casual and clearance categories. However, these improvements failed to mitigate the impacts of a broader decrease in demand. The company is actively working to overcome these challenges. It is refreshing product assortment with new specialty sizes and undertaking new marketing strategies.
Designer Brands Inc. Price, Consensus and EPS Surprise
Designer Brands Inc. price-consensus-eps-surprise-chart | Designer Brands Inc. Quote
Let’s Delve Deeper
Designer Brands reported fiscal third-quarter adjusted earnings of 24 cents per share, which missed the Zacks Consensus Estimate of 44 cents. The reported number declined sharply from earnings of 67 cents a share in the year-ago period.
Net sales were $786.3 million, down 9.1% year over year. The top line missed the Zacks Consensus Estimate of $822 million. Also, comparable sales (comps) decreased 9.3% year over year in the fiscal third quarter against an increase of 3% in the year-ago period. The Zacks Consensus Estimate for the metric was a decline of 4.4%.
Gross profit amounted to $256.4 million, down 10.3% from the $285.8 million reported in the year-ago quarter. The gross margin contracted 40 bps to 32.6% from the prior-year period.
Adjusted operating expenses increased 2.9% to $227.5 million. As a percentage of net revenues, adjusted operating expenses increased 340 bps to 28.9% in the third quarter of fiscal 2023.
Adjusted operating profit decreased 53.2% to $31.4 million. As a percentage of net revenues, adjusted operating profit decreased 380 bps to 4% in the third quarter of fiscal 2023.
Image Source: Zacks Investment Research
Segmental Details
U.S. Retail: Sales of $631.6 million decreased 10.6% year over year. The figure missed the Zacks Consensus Estimate of $668 million.
Canada Retail: This segment’s sales of $75.6 million declined 8.1% year over year. The figure missed the Zacks Consensus Estimate of $82 million.
Brand Portfolio: Sales of $94.1 million decreased 12.5% year over year. The figure lagged the Zacks Consensus Estimate of $118 million.
Other Financial Details
This Zacks Rank #4 (Sell) company ended the quarter with a debt of $375.5 million, and cash and cash equivalents of $54.6 million, with $213.3 million available for borrowings under its senior secured asset-based revolving credit facility and $85 million available for borrowings under its new senior secured term-loan credit agreement. Total stockholders' equity was $387.6 million at the end of the quarter under review.
Store Update
In the fiscal third quarter, the company opened one store in the United States and six stores in Canada, resulting in 499 U.S. stores and 144 Canada stores as of Oct 28, 2023.
FY23 Guidance
For fiscal 2023, Designer Brands anticipates net sales (excluding Keds) to be down in the high-single digits. Incremental net sales from the acquisition of Keds are expected to be $60-$70 million.
The company’s earnings per share, excluding Keds, are envisioned to be 40-70 cents per share.
Shares of this company have risen 26.1% in the past six months compared with the industry's growth of 17.6%.
Stocks to Consider
A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and Skechers U.S.A., Inc. SKX.
Abercrombie & Fitch operates as a specialty retailer of premium, high-quality casual apparel. It currently sports a Zacks Rank #1 (Strong Buy). The company reported an EPS surprise of 60.5% in the last reported quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales suggests growth of 12.8% from the year-ago reported numbers. ANF has a trailing four-quarter earnings surprise of 713%, on average.
Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. It has a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Deckers’s current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers. DECK has a trailing four-quarter earnings surprise of 26.3%, on average.
Skechers U.S.A. designs, develops, markets and distributes footwear. It currently has a Zacks Rank #2.
The Zacks Consensus Estimate for Skechers’ current financial-year earnings and sales indicates growth of 44.5% and 8.2%, respectively, from the previous year’s reported numbers. SKX has a trailing four-quarter average earnings surprise of 50.3%.
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Designer Brands Inc. (DBI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. Stocks to Consider A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and Skechers U.S.A., Inc. SKX. The Zacks Consensus Estimate for Deckers’s current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Designer Brands Inc. (DBI) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and Skechers U.S.A., Inc. SKX. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Designer Brands Inc. (DBI) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and Skechers U.S.A., Inc. SKX. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Stocks to Consider A few better-ranked stocks are Abercrombie & Fitch Co. ANF, Deckers Outdoor Corporation DECK and Skechers U.S.A., Inc. SKX. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The Zacks Consensus Estimate for Deckers’s current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported numbers.
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6ac0813f-f90f-40ec-8b74-1c51b0c96f12
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723642.0
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2023-12-06 00:00:00 UTC
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Stitch Fix (SFIX) Loss Narrows in Q1, Revenues Down Y/Y
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DECK
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https://www.nasdaq.com/articles/stitch-fix-sfix-loss-narrows-in-q1-revenues-down-y-y
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nan
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Stitch Fix, Inc. SFIX posted a narrower-than-expected loss per share and better-than-expected revenues in its first-quarter fiscal 2024 results. While the bottom line fared better year over year, the top line deteriorated from the year-earlier quarter’s figure. The results were hurt by a tough macroeconomic backdrop and a tighter consumer wallet.
Q1 Details
Stitch Fix reported an adjusted loss of 22 cents per share, narrower than the Zacks Consensus Estimate of a loss of 23 cents. The metric also narrowed from a loss of 46 cents per share reported in the year-ago quarter.
SFIX recorded net revenues of $364.8 million, which outpaced the Zacks Consensus Estimate of $362 million. However, the metric declined 18% from the year-ago quarter figure due to lower net active clients.
Stitch Fix, Inc. Price, Consensus and EPS Surprise
Stitch Fix, Inc. price-consensus-eps-surprise-chart | Stitch Fix, Inc. Quote
Margins & Costs
In the fiscal first quarter, gross profit declined to $159.1 million from $187.3 million reported in the year-ago period. However, the gross margin expanded 140 basis points (bps) year over year to 43.6%, supported by improvements in SFIX’s inventory position and transportation leverage. We expected the figure to expand by 130 bps to 43.5% for the fiscal quarter under review.
The company’s cost of goods sold declined from $256.4 million reported in the year-ago period to $205.7 million in the fiscal first quarter. Selling, general and administrative expenses (“SG&A”) fell from $235.8 million in the prior-year quarter to $187.8 million in the quarter under review. SG&A expenses, as a percentage of net revenues, were 51.5%, down 160 bps from 53.1% reported in the prior-year quarter. We expected the metric to be 53.2% for the quarter.
Stitch Fix reported an adjusted EBITDA of $8.6 million for the fiscal quarter under review compared with the adjusted EBITDA loss of $1.7 million posted in the year-ago fiscal quarter.
Other Financial Aspects
The company ended the fiscal first quarter with cash and cash equivalents of $256.9 million, short-term investments of $5.4 million, net inventory of $160.7 million and shareholders’ equity of $230.7 million.
SFIX generated $20.6 million in cash from operating activities and had a free cash flow of $16.9 million during the first quarter of fiscal 2024.
Outlook
For the second quarter of fiscal 2024, management projects net revenues of $325-$335 million, indicating a 16-19% decline from the year-ago fiscal quarter’s reported figure. This decline is due to challenges related to the tough macroeconomic backdrop. Stitch Fix expects adjusted EBITDA in the band of $2-$7 million, with a margin of 1% to 2%.
Management is persistently navigating the ongoing macroeconomic uncertainties and remains committed to improving gross margins with better product margins, transportation efficiency and inventory efficiency over time. For both second-quarter fiscal 2024 and fiscal 2024, management anticipates a gross margin of 43-44%.
For fiscal 2024, SFIX continues to project net revenues of $1.30-$1.37 billion, indicating a 14-18% decline from the year-ago fiscal quarter’s reported figure.
For the fiscal year, Stitch Fix currently expects adjusted EBITDA in the range of $10-$30 million with a margin of 1% to 2% compared with an adjusted EBITDA of $5-$30 million with a margin of 0% to 2% envisioned earlier.
This Zacks Rank #3 (Hold) stock has lost 4.2% in the past three months against the industry’s growth of 12.3%.
3 Red-Hot Stocks
Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
MINISO Group operates as a retailer and wholesaler of lifestyle products. The Zacks Consensus Estimate for MNSO’s current financial-year earnings per share and sales suggests growth of 43.6% and 29.9%, respectively, from the corresponding year-ago reported figures.
Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter earnings surprise of 26.3% on average.
MarineMax is a recreational boat and yacht retailer and a superyacht services company. MarineMax’s earnings came in line with the Zacks Consensus Estimate in the last reported quarter. The Zacks Consensus Estimate for HZO’s current financial year sales suggests growth of 3.1% from the year-ago period’s figures.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
MarineMax, Inc. (HZO) : Free Stock Analysis Report
Stitch Fix, Inc. (SFIX) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. 3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy).
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report Stitch Fix, Inc. (SFIX) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy).
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report Stitch Fix, Inc. (SFIX) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy).
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories.
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4831b6e1-73c7-47a3-a6f8-f806418e012d
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723643.0
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2023-12-05 00:00:00 UTC
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JOANN (JOAN) Q3 Loss Wider Than Expected, Sales Decline Y/Y
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DECK
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https://www.nasdaq.com/articles/joann-joan-q3-loss-wider-than-expected-sales-decline-y-y
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nan
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JOANN Inc. JOAN reported third-quarter fiscal 2024 results, wherein the top line missed the Zacks Consensus Estimate and declined year over year. This specialty retailer of sewing and fabrics, and arts and crafts category products reported a wider-than-expected loss.
JOANN Inc. Price, Consensus and EPS Surprise
JOANN Inc. price-consensus-eps-surprise-chart | JOANN Inc. Quote
Operational Information
JOANN reported satisfying results in the fiscal third quarter amid a fluctuating consumer environment. Its loyal customer base has shown increased engagement and the company is excelling in its core categories. It entered the fiscal fourth quarter with high-quality inventory.
There was significant e-commerce growth, marked by double-digit increases, attributed to enhanced customer experience, site improvements and higher conversion rates. Customer engagement during Black Friday week was strong, aligning with JOANN's goal to provide value, inspiration and guidance for holiday season crafting.
The ongoing "Focus, Simplify and Grow" cost-reduction initiative bodes well. Originally targeting $200 million in annual savings across various areas, the target has now been increased to $225 million due to the successful implementation, especially in SG&A and supply-chain expenses. This initiative is contributing to significant cash flow improvements.
In response to the uncertain consumer environment, JOANN is managing its business prudently, leveraging advanced data analytics for better decision-making.
Image Source: Zacks Investment Research
Q3 in Details
JOANN posted an adjusted loss of 21 cents per share in the fiscal third quarter, wider than the Zacks Consensus Estimate of a loss of 19 cents. The company delivered adjusted earnings of 6 cents per share in the year-ago period.
Net sales were $539.8 million, down 4.1% year over year. Also, the top line missed the Zacks Consensus Estimate of $541 million.
Comparable sales decreased 4.1% year over year. However, e-commerce sales demonstrated growth of 11.5% from the year-ago quarter, contributing to 13.1% of revenues in the fiscal third quarter, which signifies an increase of 180 basis points (bps) in the penetration rate.
The adjusted gross profit amounted to $282.1 million, down from the $299.5 million reported in the year-ago quarter. The adjusted gross margin contracted 90 bps to 52.3% from the prior-year period.
Selling and administrative expenses rose 1.6% to $273.4 million. As a percentage of net revenues, selling and administrative expenses increased 280 bps to 50.6% in the third quarter of fiscal 2024.
The adjusted EBITDA amounted to $37.5 million, down from the $40.2 million reported in the year-ago quarter. The adjusted EBITDA margin contracted 20 bps to 6.9% from the prior-year period.
Other Financial Details
JOANN ended the quarter with cash and cash equivalents of $28.3 million, long-term debt of $1.15 billion, and shareholders’ deficit of $183 million.
FY24 Guidance
For fiscal 2024, JOANN anticipates a 1-2% decline in net revenues (inclusive of a nearly 2% impact from the 53rd week). The company earlier anticipated net sales to decline 1-3% year over year.
The company reaffirmed its adjusted EBITDA guidance between $85 million and $95 million.
Management anticipates a capital expenditure (net of Landlord Contributions) of $35-$40 million. Also, the company expects year-over-year free cash flow growth between $115 million and $135 million in fiscal 2024. Earlier, it expected a year-over-year free cash flow improvement between $150 million and $170 million.
Shares of this Zacks Rank #3 (Hold) company have lost 11% in the past three months against the industry's growth of 6.1%.
3 Red-Hot Stocks to Consider
Here we have highlighted three better-ranked stocks, namely Regis Corporation RGS, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK.
Regis Corp owns, franchises and operates beauty salons. It currently flaunts a Zacks Rank #1 (Strong Buy) at present. The company reported an EPS surprise of 137.5% in the last reported quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Regis Corp’s current fiscal-year earnings suggests growth of 43.5% from the year-ago period’s reported figure. RGS has a trailing four-quarter earnings surprise of 22%, on average.
Abercrombie & Fitch operates as a specialty retailer of premium, high-quality casual apparel. It currently sports a Zacks Rank #1. The company reported an EPS surprise of 60.5% in the last reported quarter.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales suggests growth of 12.8% from the year-ago reported numbers. ANF has a trailing four-quarter earnings surprise of 713%, on average.
Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. It currently has a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Deckers’s current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported number. DECK has a trailing four-quarter earnings surprise of 26.3%, on average.
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
Regis Corporation (RGS) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
JOANN Inc. (JOAN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. 3 Red-Hot Stocks to Consider Here we have highlighted three better-ranked stocks, namely Regis Corporation RGS, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. The Zacks Consensus Estimate for Deckers’s current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported number.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Regis Corporation (RGS) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report JOANN Inc. (JOAN) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Red-Hot Stocks to Consider Here we have highlighted three better-ranked stocks, namely Regis Corporation RGS, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Regis Corporation (RGS) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report JOANN Inc. (JOAN) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Red-Hot Stocks to Consider Here we have highlighted three better-ranked stocks, namely Regis Corporation RGS, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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3 Red-Hot Stocks to Consider Here we have highlighted three better-ranked stocks, namely Regis Corporation RGS, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The Zacks Consensus Estimate for Deckers’s current fiscal-year sales and earnings suggests growth of 11.4% and 20.9%, respectively, from the year-ago reported number.
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a1dfe1f7-44cb-4954-8a22-bed036967328
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723644.0
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2023-12-05 00:00:00 UTC
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Here's How Much You'd Have If You Invested $1000 in Deckers a Decade Ago
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DECK
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https://www.nasdaq.com/articles/heres-how-much-youd-have-if-you-invested-%241000-in-deckers-a-decade-ago-0
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nan
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nan
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For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today?
Deckers' Business In-Depth
With that in mind, let's take a look at Deckers' main business drivers.
Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The company sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk and Other brands (mainly comprised of Koolaburra).
Its products are sold through specialty domestic retailers, international distributors and directly to end-users through its websites and catalogs. The company sells directly to global consumers through the Direct-to-Consumer (DTC) channel, which is comprised of e-commerce websites and retail stores. The brands are sold worldwide, including in the United States, Canada, Europe, Asia-Pacific and Latin America.
The UGG brand (55.9% of Q2 fiscal 24 total revenues) has proven to be a highly resilient line of premium footwear, apparel and accessories with expanded product offerings. The company intends to continue diversifying the brand to drive year-round product sales through the expansion of women’s spring and summer footwear, men’s products and apparel, home goods and accessories.
The HOKA brand (38.8% of Q2 fiscal 24 total revenues) is an authentic, premium line of year-round performance footwear, apparel and accessories.
The Teva brand’s product line (2% of Q2 fiscal 24 total revenues) includes a range of performance, casual, footwear and trail lifestyle products.
The Sanuk brand (0.5% of Q2 fiscal 24 total revenues) has manifested into a lifestyle brand with a presence in the relaxed casual shoe and sandal categories.
The company's Other brands (2.8% of Q2 fiscal 24 total revenues) is a casual footwear fashion line using sheepskin and other plush materials.
(Notes: Zacks identifies fiscal years by the month in which the fiscal year ends, while DECK identifies its fiscal year by the calendar year in which it begins; so comparable figures for any given fiscal year, as published by DECK, will refer to this same fiscal year as being the year before the same year, as identified by Zacks.)
Bottom Line
Anyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in Deckers ten years ago, you're likely feeling pretty good about your investment today.
According to our calculations, a $1000 investment made in December 2013 would be worth $8,138.53, or a 713.85% gain, as of December 5, 2023. Investors should keep in mind that this return excludes dividends but includes price appreciation.
Compare this to the S&P 500's rally of 154.89% and gold's return of 58.80% over the same time frame.
Analysts are forecasting more upside for DECK too.
Shares of Deckers have risen and outpaced the industry in the past one year. The company put on another impressive show in second-quarter fiscal 2024. The quarter marked the eighth straight positive sales and earnings surprise. Both the top and bottom lines grew year over year. Strength in the UGG and HOKA brands contributed to the results. Solid gains from the direct-to-consumer (“DTC”) channels, brand growth, a strong balance sheet and a stable operating model poise Deckers well for success. Solid momentum in its global wholesale business, driven by robust consumer demand in both domestic and international markets, appears encouraging as well. It envisions fiscal 2024 net sales to increase 11% from the prior year quarter. We expect net sales of UGG and HOKA brand to increase 6.4% and 22.3% respectively in fiscal 2024.
Shares have gained 13.20% over the past four weeks and there have been 10 higher earnings estimate revisions for fiscal 2023 compared to none lower. The consensus estimate has moved up as well.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Solid gains from the direct-to-consumer (“DTC”) channels, brand growth, a strong balance sheet and a stable operating model poise Deckers well for success. What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today?
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today?
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(Notes: Zacks identifies fiscal years by the month in which the fiscal year ends, while DECK identifies its fiscal year by the calendar year in which it begins; so comparable figures for any given fiscal year, as published by DECK, will refer to this same fiscal year as being the year before the same year, as identified by Zacks.) So, if you had invested in Deckers ten years ago, you're likely feeling pretty good about your investment today. What if you'd invested in Deckers (DECK) ten years ago?
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What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today? Deckers' Business In-Depth With that in mind, let's take a look at Deckers' main business drivers.
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0200f55b-d7db-48f0-ae33-12c6d7473a06
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723645.0
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2023-12-04 00:00:00 UTC
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IDEXY vs. DECK: Which Stock Is the Better Value Option?
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DECK
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https://www.nasdaq.com/articles/idexy-vs.-deck%3A-which-stock-is-the-better-value-option
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nan
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nan
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Investors with an interest in Retail - Apparel and Shoes stocks have likely encountered both Industria de Diseno Textil SA (IDEXY) and Deckers (DECK). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Currently, both Industria de Diseno Textil SA and Deckers are holding a Zacks Rank of # 2 (Buy). This means that both companies have witnessed positive earnings estimate revisions, so investors should feel comfortable knowing that both of these stocks have an improving earnings outlook. But this is only part of the picture for value investors.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
IDEXY currently has a forward P/E ratio of 23.20, while DECK has a forward P/E of 29.25. We also note that IDEXY has a PEG ratio of 1.54. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. DECK currently has a PEG ratio of 1.63.
Another notable valuation metric for IDEXY is its P/B ratio of 7.44. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, DECK has a P/B of 9.82.
These are just a few of the metrics contributing to IDEXY's Value grade of B and DECK's Value grade of C.
Both IDEXY and DECK are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that IDEXY is the superior value option right now.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Industria de Diseno Textil SA (IDEXY) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors with an interest in Retail - Apparel and Shoes stocks have likely encountered both Industria de Diseno Textil SA (IDEXY) and Deckers (DECK). Currently, both Industria de Diseno Textil SA and Deckers are holding a Zacks Rank of # 2 (Buy). IDEXY currently has a forward P/E ratio of 23.20, while DECK has a forward P/E of 29.25.
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Investors with an interest in Retail - Apparel and Shoes stocks have likely encountered both Industria de Diseno Textil SA (IDEXY) and Deckers (DECK). Click to get this free report Industria de Diseno Textil SA (IDEXY) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Currently, both Industria de Diseno Textil SA and Deckers are holding a Zacks Rank of # 2 (Buy).
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Investors with an interest in Retail - Apparel and Shoes stocks have likely encountered both Industria de Diseno Textil SA (IDEXY) and Deckers (DECK). These are just a few of the metrics contributing to IDEXY's Value grade of B and DECK's Value grade of C. Both IDEXY and DECK are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that IDEXY is the superior value option right now. Click to get this free report Industria de Diseno Textil SA (IDEXY) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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DECK currently has a PEG ratio of 1.63. These are just a few of the metrics contributing to IDEXY's Value grade of B and DECK's Value grade of C. Both IDEXY and DECK are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that IDEXY is the superior value option right now. Investors with an interest in Retail - Apparel and Shoes stocks have likely encountered both Industria de Diseno Textil SA (IDEXY) and Deckers (DECK).
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35236066-9995-48e9-834e-02a12c6ea771
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723646.0
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2023-12-01 00:00:00 UTC
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Chico's FAS (CHS) Q3 Earnings Top Estimates, Guidance Withdrawn
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DECK
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https://www.nasdaq.com/articles/chicos-fas-chs-q3-earnings-top-estimates-guidance-withdrawn-0
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nan
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nan
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Chico's FAS, Inc. CHS posted third-quarter fiscal 2023 results, wherein the top line missed the Zacks Consensus Estimate while the bottom line beat the same. Both metrics declined year over year.
Over the past three months, shares of this Zacks Rank #3 (Hold) company have increased 49.6% compared with the industry’s 7.7% growth.
Q3 in Detail
The company reported adjusted earnings of 11 cents per share in the fiscal third quarter, outpacing the Zacks Consensus Estimate of 10 cents. However, the figure declined 45% from 20 cents in the year-ago quarter.
Revenues declined 2.5% year over year to $505.1 million in the quarter. The metric fell short of the Zacks Consensus Estimate of $513 million. The company’s comparable store sales fell 2.7%, owing to decreased transaction count, partially offset by higher average dollar sales.
Brand-wise, Chico's net sales came in at $252.2 million, down 1.2% year over year. White House Black Market’s net sales declined by 6.3% to $147.5 million. Soma’s net sales came in at $105.4 million, stable year over year.
Chico's FAS, Inc. Price, Consensus and EPS Surprise
Chico's FAS, Inc. price-consensus-eps-surprise-chart | Chico's FAS, Inc. Quote
Margin & Costs
The gross profit decreased 5.3% year over year to $196.4 million. Meanwhile, the gross margin decreased 110 basis points (bps) to 38.9% in the quarter under review. The decline in gross margin was attributable to an increase in occupancy costs and a deleverage on lower net sales.
In the quarter, the company’s cost of sales came in at $308.7 million, down 0.7% year over year. Selling, general, and administrative (“SG&A”) expenses increased by 1.6% to $178.6 million. SG&A, as a percentage of net sales, increased 150 bps to 35.4% due to higher marketing and store operating expenses undertaken to support long-term growth strategies.
Chico's FAS reported a net income of $5 million in third-quarter fiscal 2023 compared with a net income of $24.6 million in the year-ago quarter. In the reported quarter, it incurred a net interest expense of $0.4 million.
Other Financials
The company ended the quarter with cash equivalents of $101.9 million, long-term debt of $24 million and shareholders’ equity of $422.6 million. In the first nine months of fiscal 2023, Chico's FAS provided $35.5 million in cash for operating activities.
Outlook
In September 2023, Chico's FAS entered into a definitive deal with Sycamore Partners to be acquired by the latter. The deal, valued at $1 billion, is anticipated to be closed by the end of first-quarter 2024, conditioned on certain customary closing conditions and approvals.
With respect to this pending transaction, the company refrained from providing a financial outlook and withdrew its previously announced outlook for fiscal 2023.
3 Red-Hot Stocks
Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
MINISO Group operates as a retailer and wholesaler of lifestyle products. The Zacks Consensus Estimate for MNSO’s current financial-year earnings per share and sales suggests growth of 43.6% and 29.9%, respectively, from the corresponding year-ago reported figures.
Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter earnings surprise of 26.3% on average.
MarineMax is a recreational boat and yacht retailer and a superyacht services company. It has a trailing four-quarter negative earnings surprise of 10.1%, on average. The Zacks Consensus Estimate for HZO’s current financial year sales suggests growth of 3.1% from the year-ago period’s figures.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Chico's FAS, Inc. (CHS) : Free Stock Analysis Report
MarineMax, Inc. (HZO) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax each carry a Zacks Rank #2 (Buy). Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories.
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Chico's FAS, Inc. (CHS) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax each carry a Zacks Rank #2 (Buy).
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Chico's FAS, Inc. (CHS) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax each carry a Zacks Rank #2 (Buy).
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax each carry a Zacks Rank #2 (Buy). Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories.
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0be63937-f870-41b9-9393-829f09fb04b9
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723647.0
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2023-12-01 00:00:00 UTC
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Chico's FAS (CHS) Q3 Earnings Top Estimates, Guidance Withdrawn
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DECK
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https://www.nasdaq.com/articles/chicos-fas-chs-q3-earnings-top-estimates-guidance-withdrawn
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nan
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nan
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Chico's FAS, Inc. CHS posted third-quarter fiscal 2023 results, wherein the top line missed the Zacks Consensus Estimate while the bottom line beat the same. Both metrics declined year over year.
Over the past three months, shares of this Zacks Rank #3 (Hold) company have increased 49.6% compared with the industry’s 7.7% growth.
Q3 in Detail
The company reported adjusted earnings of 11 cents per share in the fiscal third quarter, outpacing the Zacks Consensus Estimate of 10 cents. However, the figure declined 45% from 20 cents in the year-ago quarter.
Revenues declined 2.5% year over year to $505.1 million in the quarter. The metric fell short of the Zacks Consensus Estimate of $513 million. The company’s comparable store sales fell 2.7%, owing to decreased transaction count, partially offset by higher average dollar sales.
Brand-wise, Chico's net sales came in at $252.2 million, down 1.2% year over year. White House Black Market’s net sales declined by 6.3% to $147.5 million. Soma’s net sales came in at $105.4 million, stable year over year.
Chico's FAS, Inc. Price, Consensus and EPS Surprise
Chico's FAS, Inc. price-consensus-eps-surprise-chart | Chico's FAS, Inc. Quote
Margin & Costs
The gross profit decreased 5.3% year over year to $196.4 million. Meanwhile, the gross margin decreased 110 basis points (bps) to 38.9% in the quarter under review. The decline in gross margin was attributable to an increase in occupancy costs and a deleverage on lower net sales.
In the quarter, the company’s cost of sales came in at $308.7 million, down 0.7% year over year. Selling, general, and administrative (“SG&A”) expenses increased by 1.6% to $178.6 million. SG&A, as a percentage of net sales, increased 150 bps to 35.4% due to higher marketing and store operating expenses undertaken to support long-term growth strategies.
Chico's FAS reported a net income of $5 million in third-quarter fiscal 2023 compared with a net income of $24.6 million in the year-ago quarter. In the reported quarter, it incurred a net interest expense of $0.4 million.
Other Financials
The company ended the quarter with cash equivalents of $101.9 million, long-term debt of $24 million and shareholders’ equity of $422.6 million. In the first nine months of fiscal 2023, Chico's FAS provided $35.5 million in cash for operating activities.
Outlook
In September 2023, Chico's FAS entered into a definitive deal with Sycamore Partners to be acquired by the latter. The deal, valued at $1 billion, is anticipated to be closed by the end of first-quarter 2024, conditioned on certain customary closing conditions and approvals.
With respect to this pending transaction, the company refrained from providing a financial outlook and withdrew its previously announced outlook for fiscal 2023.
3 Red-Hot Stocks
Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
MINISO Group operates as a retailer and wholesaler of lifestyle products. The Zacks Consensus Estimate for MNSO’s current financial-year earnings per share and sales suggests growth of 43.6% and 29.9%, respectively, from the corresponding year-ago reported figures.
Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter earnings surprise of 26.3% on average.
MarineMax is a recreational boat and yacht retailer and a superyacht services company. It has a trailing four-quarter negative earnings surprise of 10.1%, on average. The Zacks Consensus Estimate for HZO’s current financial year sales suggests growth of 3.1% from the year-ago period’s figures.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Chico's FAS, Inc. (CHS) : Free Stock Analysis Report
MarineMax, Inc. (HZO) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. 3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax each carry a Zacks Rank #2 (Buy).
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Chico's FAS, Inc. (CHS) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax each carry a Zacks Rank #2 (Buy).
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Chico's FAS, Inc. (CHS) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax each carry a Zacks Rank #2 (Buy).
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax each carry a Zacks Rank #2 (Buy). Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories.
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734b2b92-9f7e-4020-bc5c-85a8898b17e4
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723648.0
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2023-12-01 00:00:00 UTC
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Are Retail-Wholesale Stocks Lagging Beacon Roofing Supply (BECN) This Year?
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DECK
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https://www.nasdaq.com/articles/are-retail-wholesale-stocks-lagging-beacon-roofing-supply-becn-this-year
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nan
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nan
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For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Beacon Roofing Supply (BECN) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Beacon Roofing Supply is a member of our Retail-Wholesale group, which includes 221 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Beacon Roofing Supply is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BECN's full-year earnings has moved 9.3% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, BECN has moved about 52.2% on a year-to-date basis. At the same time, Retail-Wholesale stocks have gained an average of 20.9%. This means that Beacon Roofing Supply is performing better than its sector in terms of year-to-date returns.
Deckers (DECK) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 66.3%.
For Deckers, the consensus EPS estimate for the current year has increased 4.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Beacon Roofing Supply is a member of the Building Products - Retail industry, which includes 8 individual companies and currently sits at #185 in the Zacks Industry Rank. This group has gained an average of 6.5% so far this year, so BECN is performing better in this area.
On the other hand, Deckers belongs to the Retail - Apparel and Shoes industry. This 43-stock industry is currently ranked #91. The industry has moved +14.4% year to date.
Investors with an interest in Retail-Wholesale stocks should continue to track Beacon Roofing Supply and Deckers. These stocks will be looking to continue their solid performance.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers (DECK) is another Retail-Wholesale stock that has outperformed the sector so far this year. For Deckers, the consensus EPS estimate for the current year has increased 4.5% over the past three months. On the other hand, Deckers belongs to the Retail - Apparel and Shoes industry.
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Click to get this free report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers (DECK) is another Retail-Wholesale stock that has outperformed the sector so far this year. For Deckers, the consensus EPS estimate for the current year has increased 4.5% over the past three months.
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Click to get this free report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers (DECK) is another Retail-Wholesale stock that has outperformed the sector so far this year. For Deckers, the consensus EPS estimate for the current year has increased 4.5% over the past three months.
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Deckers (DECK) is another Retail-Wholesale stock that has outperformed the sector so far this year. Investors with an interest in Retail-Wholesale stocks should continue to track Beacon Roofing Supply and Deckers. For Deckers, the consensus EPS estimate for the current year has increased 4.5% over the past three months.
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1c5bfe91-ba28-4adb-b6ea-ba190a2398c4
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723649.0
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2023-11-30 00:00:00 UTC
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Victoria's Secret (VSCO) Q3 Earnings Lag Estimates, Down Y/Y
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DECK
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https://www.nasdaq.com/articles/victorias-secret-vsco-q3-earnings-lag-estimates-down-y-y
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nan
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nan
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Victoria’s Secret & Co. VSCO posted third-quarter fiscal 2023 results, wherein the top line surpassed the Zacks Consensus Estimate, while the bottom line missed the same. Both metrics declined on a year-over-year basis. The company’s sales trend in North America improved throughout the fiscal third quarter, with October being the most robust month.
The company remains optimistic on the strong sales trend in North America. Also, it emphasizes the multi-tender loyalty program, a reimagined merchandise strategy (for the PINK brand) and remains focused on boosting its beauty business in the upcoming periods.
Q3 in Detail
The company reported an adjusted loss of 86 cents per share in the fiscal third quarter, wider than the Zacks Consensus Estimate of a loss of 80 cents. The figure declined from the adjusted earnings of 29 cents reported in the year-ago quarter.
Net sales declined 4% year over year to $1,265.1 million in the quarter. However, the metric beat the Zacks Consensus Estimate of $1,260 million. The company’s comparable sales declined 7% on a year-over-year basis.
VSCO’s net sales from the Stores – North America channel came in at $723 million, down 11% year over year. Direct channel’s net sales increased by 11.9% to $382.5 million. Net sales from the International channel declined 2.4% to $159.6 million.
Victoria's Secret & Co. Price, Consensus and EPS Surprise
Victoria's Secret & Co. price-consensus-eps-surprise-chart | Victoria's Secret & Co. Quote
Margin & Costs
The gross profit decreased by 6.6% year over year to $427.4 million. Meanwhile, the gross margin decreased by 90 basis points (“bps”) to 33.8% in the quarter under review. In the quarter, the company’s cost of sales came in at $837.7 million, down 2.7% year over year. Cost of sales, as a percentage of net sales, increased 90 bps to 66.2% in the quarter.
General, administrative and store operating expenses increased 19.2% to $494.5 million. The metric as a percentage of net sales increased by 760 bps to 39.1% in the reported quarter.
The company reported a net loss of $70.7 million in third-quarter fiscal 2023 compared with a net income of $22.2 million in the year-ago quarter. In the quarter, it incurred interest expenses of $26.3 million, higher than $15.3 million in the prior-year quarter.
Outlook
For the fourth quarter of fiscal 2023, the company expects its net sales to grow in the band of 2% to 4%. For the quarter, adjusted operating income is envisioned in the range of $245-$285 million. It anticipates adjusted net income in the band of $2.20-$2.60 per share.
For fiscal 2023, management expects net sales to decline by 2-3% on a year-over-year basis. For the fiscal year, adjusted operating income is envisioned in the range of $290-$330 million. Adjusted net income is projected to be in the range of $1.85 to $2.25 per share.
Shares of this Zacks Rank #3 (Hold) company have increased 31.4% in the past three months compared with the industry’s decline of 12.3%.
3 Red-Hot Stocks
Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
MINISO Group operates as a retailer and wholesaler of lifestyle products. The Zacks Consensus Estimate for MNSO’s current financial-year earnings per share and sales suggests growth of 43.6% and 29.9%, respectively, from the corresponding year-ago reported figures.
Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter average earnings surprise of 26.3%.
MarineMax is a recreational boat and yacht retailer and a superyacht services company. MarineMax has a trailing four-quarter negative earnings surprise of 10.1% on average. The Zacks Consensus Estimate for HZO’s current financial year sales suggests growth of 3.1% from the year-ago period’s figures.
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
MarineMax, Inc. (HZO) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report
Victoria's Secret & Co. (VSCO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. 3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy).
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report Victoria's Secret & Co. (VSCO) : Free Stock Analysis Report To read this article on Zacks.com click here. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy).
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report Victoria's Secret & Co. (VSCO) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy).
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories.
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90ad85ad-ebd0-4fff-8032-b1a4baad355a
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723650.0
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2023-11-30 00:00:00 UTC
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Deckers Outdoor Corp. Shares Climb 3.1% Past Previous 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-climb-3.1-past-previous-52-week-high-market-mover
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed 3.1% higher than its previous 52 week high, giving the company a market cap of $17B. The stock is currently up 66.3% year-to-date, up 66.5% over the past 12 months, and up 398.3% over the past five years. This week, the Dow Jones Industrial Average rose 2.1%, and the S&P 500 rose 0.3%.
Trading Activity
Trading volume this week was 50.6% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 1348.4%
The company's stock price performance over the past 12 months beats the peer average by 1278.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 103.4% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed 3.1% higher than its previous 52 week high, giving the company a market cap of $17B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 1348.4% The company's stock price performance over the past 12 months beats the peer average by 1278.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 103.4% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 3.1% higher than its previous 52 week high, giving the company a market cap of $17B. This week, the Dow Jones Industrial Average rose 2.1%, and the S&P 500 rose 0.3%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 1348.4% The company's stock price performance over the past 12 months beats the peer average by 1278.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 103.4% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 3.1% higher than its previous 52 week high, giving the company a market cap of $17B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 1348.4% The company's stock price performance over the past 12 months beats the peer average by 1278.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 103.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Deckers Outdoor Corp. (DECK) shares closed 3.1% higher than its previous 52 week high, giving the company a market cap of $17B. This week, the Dow Jones Industrial Average rose 2.1%, and the S&P 500 rose 0.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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fea77400-4a42-4abc-9295-92427952c36c
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723651.0
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2023-11-30 00:00:00 UTC
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NKE, ADDYY Stocks: Upstart Brands Pose Challenges
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DECK
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https://www.nasdaq.com/articles/nke-addyy-stocks%3A-upstart-brands-pose-challenges
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nan
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nan
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Upstart brands are presenting a formidable challenge to well-established athletic footwear giants such as Nike (NYSE:NKE) and Adidas (GB:0OLD)(ADDYY). According to a report from Reuters, emerging brands like On Holding (NYSE:ONON) and Hoka, owned by Decker Outdoors (NYSE:DECK), are securing increased retail shelf space due to the popularity of their eye-catching styles among consumers.
The report quoted Morningstar Research analyst David Swartz, saying Nike and Adidas are trailing in terms of innovation. Additionally, On's market share in the footwear category at Dick’s Sporting (NYSE:DKS) has jumped from 0.8% at the beginning of the year to 6.1%. In comparison, Hoka experienced an increase from 4.2% to 8.7% during the same period. In contrast, Nike and Adidas have observed a consistent decline in market share.
While Nike and Adidas face heightened competition, let’s look at analysts’ consensus ratings for NKE and ADDY stocks.
What is the Future Outlook for Nike Stock?
Wall Street is cautiously optimistic about Nike stock. Analysts expect Nike to benefit from its improving inventory, new product introductions, focus on direct-to-consumer business, and structural improvements in supply chain and digital fulfillment costs. Further, its brand strength allows it to increase the average selling price, which will likely cushion its earnings.
Despite these positive aspects, Nike's management acknowledges challenges in connecting with consumers through recent product innovations in the running shoes category. While Nike is addressing this issue, heightened competition remains a limiting factor.
With 18 Buy and 11 Hold recommendations, Nike stock has a Moderate Buy consensus rating. Further, the average NKE stock price target of $118.08 implies a 6.99% upside potential from current levels.
What is the Forecast for Adidas?
Adidas is struggling in North America as sales remain soft due to inventory-led issues. During the Q3 conference call, the company’s management highlighted that inventory levels in the U.S. are still an issue. This will likely weigh on its near-term revenue in the region. Moreover, heightened competition from upstart brands poses further challenges.
Similar to Nike, analysts are cautiously optimistic about Adidas stock. With two Buys and two Holds, Adidas stock has a Moderate Buy consensus rating. Further, the average ADDYY stock price target of $202.54 implies a 91.78% upside potential from current levels.
Bottom Line
While Nike and Adidas continue to dominate the athletic footwear market, emerging brands pose a significant threat. Wall Street analysts are cautiously optimistic about Nike and Adidas stocks, suggesting investors should take caution before investing.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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According to a report from Reuters, emerging brands like On Holding (NYSE:ONON) and Hoka, owned by Decker Outdoors (NYSE:DECK), are securing increased retail shelf space due to the popularity of their eye-catching styles among consumers. Upstart brands are presenting a formidable challenge to well-established athletic footwear giants such as Nike (NYSE:NKE) and Adidas (GB:0OLD)(ADDYY). Despite these positive aspects, Nike's management acknowledges challenges in connecting with consumers through recent product innovations in the running shoes category.
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According to a report from Reuters, emerging brands like On Holding (NYSE:ONON) and Hoka, owned by Decker Outdoors (NYSE:DECK), are securing increased retail shelf space due to the popularity of their eye-catching styles among consumers. Further, the average NKE stock price target of $118.08 implies a 6.99% upside potential from current levels. Further, the average ADDYY stock price target of $202.54 implies a 91.78% upside potential from current levels.
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According to a report from Reuters, emerging brands like On Holding (NYSE:ONON) and Hoka, owned by Decker Outdoors (NYSE:DECK), are securing increased retail shelf space due to the popularity of their eye-catching styles among consumers. Upstart brands are presenting a formidable challenge to well-established athletic footwear giants such as Nike (NYSE:NKE) and Adidas (GB:0OLD)(ADDYY). While Nike and Adidas face heightened competition, let’s look at analysts’ consensus ratings for NKE and ADDY stocks.
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According to a report from Reuters, emerging brands like On Holding (NYSE:ONON) and Hoka, owned by Decker Outdoors (NYSE:DECK), are securing increased retail shelf space due to the popularity of their eye-catching styles among consumers. Upstart brands are presenting a formidable challenge to well-established athletic footwear giants such as Nike (NYSE:NKE) and Adidas (GB:0OLD)(ADDYY). While Nike and Adidas face heightened competition, let’s look at analysts’ consensus ratings for NKE and ADDY stocks.
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bc8c2b35-8dd2-4ba9-8a67-3fe8673df3ac
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723652.0
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2023-11-30 00:00:00 UTC
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Five Below (FIVE) Q3 Earnings & Sales Beat, View Raised
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DECK
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https://www.nasdaq.com/articles/five-below-five-q3-earnings-sales-beat-view-raised
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nan
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nan
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Five Below, Inc. FIVE came up with third-quarter fiscal 2023 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. Net sales grew, while earnings declined on a year-over-year basis. Management cited that an improved transaction trend and sales growth contributed to the company’s performance amid macroeconomic headwinds.
Let’s Delve Deeper
Five Below posted earnings per share of 26 cents in the third quarter of fiscal 2023, beating the Zacks Consensus Estimate of 23 cents. However, the company’s earnings per share decreased 10.3% from 29 cents reported in the year-ago quarter.
Net sales of $736.4 million increased 14.2% year over year and surpassed the Zacks Consensus Estimate of $727 million. Comparable sales for the quarter under discussion increased 2.5% against a decrease of 2.7% registered in the year-ago period. The increase was driven by 3.1% growth in comparable transactions. Our estimate for comparable sales growth was pegged at 1% for the quarter.
The gross profit grew 7.2% year over year to $222.8 million. Meanwhile, the gross margin contracted 190 basis points (bps) to 30.3%. The metric fell short of our estimate of 30.6%.
We note that selling, general and administrative (“SG&A”) expenses shot up 10.6% to $206.7 million. SG&A as a percentage of net sales decreased by approximately 90 bps to 28.1%, driven by the timing of marketing expenditures and leverage on certain store-related expenses. Our estimate for SG&A expenses, as a rate of net sales, was 28.8% for the quarter under review.
Operating income was down 23% to $16.1 million for the quarter under discussion. The operating margin decreased approximately 100 bps to 2.2% during the quarter compared with our estimate of 1.8%.
Five Below, Inc. Price, Consensus and EPS Surprise
Five Below, Inc. price-consensus-eps-surprise-chart | Five Below, Inc. Quote
Financials
Five Below ended the fiscal third quarter with cash and cash equivalents of $162.9 million and no short-term investment securities. Total shareholders’ equity was $1,377.9 million as of Oct 28, 2023. The company repurchased shares worth $80 million during the quarter.
The company’s board of directors recently announced the authorization to buy back up to $100 million of its common shares through Nov 27, 2026. This program will substitute its current share repurchase program, which recently retired.
Store Update
Five Below opened 74 new stores in the reported quarter. This took the total count to 1,481 stores in 43 states as of Oct 28, 2023, reflecting an increase of 14.6% from the year-ago count. The company plans to open more than 200 new stores in fiscal 2023. FIVE has converted more than 400 stores to the new Five Beyond format. It ended the fiscal third quarter with about half of its comparable store base in the new format.
Guidance
Five Below envisions fourth-quarter fiscal 2023 net sales in the range of $1.32-$1.35 billion, up from $1.12 billion reported in the fourth quarter of fiscal 2022. The company expects 2-3% growth in comparable sales for the fourth quarter. Management expects net income in the range of $201-$211 million.
Management anticipates fourth-quarter earnings per share between $3.64 and $3.80 compared with $3.07 reported in the year-ago period.
Five Below currently projects fiscal 2023 net sales in the band of $3.54-$3.57 billion compared with $3.1 billion reported in fiscal 2022. For fiscal 2023, Five Below anticipates comparable sales growth of 2.5%. Previously, the company projected net sales in the band of $3.50-$3.57 billion and comparable sales growth of 1-3%.
Management now anticipates earnings per share between $5.40 and $5.56 for fiscal 2023 compared with $5.27-$5.55 predicted earlier. This indicates an increase from $4.69 reported in the year-ago period. For the fiscal year, it expects to generate a net income of $300-$310 million. The 53rd week is expected to add about $40 million in sales and boost earnings by 8 cents per share.
FIVE anticipates gross capital expenditures of approximately $335 million in fiscal 2023.
Shares of this Zacks Rank #3 (Hold) company have increased by 2.8% in the past three months compared with the industry’s decline of 5%.
3 Red-Hot Stocks
Some better-ranked stocks from the same space are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
MINISO Group operates as a retailer and wholesaler of lifestyle products. The Zacks Consensus Estimate for MNSO’s current financial-year earnings per share and sales suggests growth of 43.6% and 29.9%, respectively, from the corresponding year-ago reported figures.
Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter average earnings surprise of 26.3%.
MarineMax is a recreational boat and yacht retailer and a superyacht services company. MarineMax has a trailing four-quarter negative earnings surprise of 10.1%, on average. The Zacks Consensus Estimate for HZO’s current financial year sales suggests growth of 3.1% from the year-ago period’s figures.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Five Below, Inc. (FIVE) : Free Stock Analysis Report
MarineMax, Inc. (HZO) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. 3 Red-Hot Stocks Some better-ranked stocks from the same space are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy).
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3 Red-Hot Stocks Some better-ranked stocks from the same space are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Five Below, Inc. (FIVE) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy).
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Five Below, Inc. (FIVE) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Red-Hot Stocks Some better-ranked stocks from the same space are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy).
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3 Red-Hot Stocks Some better-ranked stocks from the same space are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories.
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72e972c5-924a-465c-91d6-5cfb7b5f5819
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723653.0
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2023-11-29 00:00:00 UTC
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Foot Locker tops quarterly comparable sales estimate
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DECK
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https://www.nasdaq.com/articles/foot-locker-tops-quarterly-comparable-sales-estimate
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nan
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nan
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Nov 29 (Reuters) - Foot Locker FL.N on Wednesday posted a smaller-than-expected fall in quarterly comparable sales, as cost-conscious consumers tapped into higher discounts on footwear at its stores.
The company's comparable sales fell 8% for the third quarter, compared with analysts' average expectations of a fall of 10.06%, as per LSEG data.
(Reporting by Juveria Tabassum; Editing by Pooja Desai)
((Juveria.Tabassum@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Nov 29 (Reuters) - Foot Locker FL.N on Wednesday posted a smaller-than-expected fall in quarterly comparable sales, as cost-conscious consumers tapped into higher discounts on footwear at its stores. The company's comparable sales fell 8% for the third quarter, compared with analysts' average expectations of a fall of 10.06%, as per LSEG data. (Reporting by Juveria Tabassum; Editing by Pooja Desai) ((Juveria.Tabassum@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Nov 29 (Reuters) - Foot Locker FL.N on Wednesday posted a smaller-than-expected fall in quarterly comparable sales, as cost-conscious consumers tapped into higher discounts on footwear at its stores. The company's comparable sales fell 8% for the third quarter, compared with analysts' average expectations of a fall of 10.06%, as per LSEG data. (Reporting by Juveria Tabassum; Editing by Pooja Desai) ((Juveria.Tabassum@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Nov 29 (Reuters) - Foot Locker FL.N on Wednesday posted a smaller-than-expected fall in quarterly comparable sales, as cost-conscious consumers tapped into higher discounts on footwear at its stores. The company's comparable sales fell 8% for the third quarter, compared with analysts' average expectations of a fall of 10.06%, as per LSEG data. (Reporting by Juveria Tabassum; Editing by Pooja Desai) ((Juveria.Tabassum@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Nov 29 (Reuters) - Foot Locker FL.N on Wednesday posted a smaller-than-expected fall in quarterly comparable sales, as cost-conscious consumers tapped into higher discounts on footwear at its stores. The company's comparable sales fell 8% for the third quarter, compared with analysts' average expectations of a fall of 10.06%, as per LSEG data. (Reporting by Juveria Tabassum; Editing by Pooja Desai) ((Juveria.Tabassum@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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82701998-126d-4ab7-8bb8-288fb854a342
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723654.0
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2023-11-29 00:00:00 UTC
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Pinterest and Guess have been highlighted as Zacks Bull and Bear of the Day
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DECK
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https://www.nasdaq.com/articles/pinterest-and-guess-have-been-highlighted-as-zacks-bull-and-bear-of-the-day
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nan
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nan
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For Immediate Release
Chicago, IL – November 29, 2023 – Zacks Equity Research shares Pinterest PINS as the Bull of the Day and Guess GES as the Bear of the Day. In addition, Zacks Equity Research provides analysis on American Eagle Outfitters AEO, Deckers Outdoor DECK and Target TGT.
Here is a synopsis of all five stocks.
Bull of the Day:
Pinterest, the social media and discovery platform with 482 million MAUs (Monthly Active Users) is a well-established and high growth technology company with a Zacks Rank #1 (Strong Buy) rating.
In addition to the top Zacks Rank, Pinterest has several notable bullish catalysts making it a compelling investment consideration. The company has both a fair earnings multiple and high earnings growth forecasts giving it a discount PEG ratio. Furthermore, the stock’s price action is forming a convincing technical chart pattern giving traders a measured risk-reward setup.
Investors looking to add exposure to the high growth, mid-cap technology stocks, which continue to build momentum in this bull-friendly market should read on. Pinterest is part of the Internet-software industry, which currently sits in the Top 12% (31 out of 251) of the Zacks Industry Rank.
Company Summary
Pinterest, founded in 2008 is a platform that shows its users (called Pinners) visual recommendations (called Pins) based on their personal taste and interests. Users then save and organize these recommendations into collections (called Boards).
Pinterest generates revenue by delivering ads on its website and mobile application. The company is helping advertisers reach millennials and Gen Z audience who are more active on immersive mobile platforms.
Earnings estimates have been trending higher over the last several months, giving PINS its top Zacks Rank. Current quarter earnings estimates have been revised higher by 8.7% over the last month and are expected to jump 72.4% YoY to $0.50 per share. FY23 earnings estimates have increased 11.5% in the last month and are forecast to climb 72.5% YoY to $1.07 per share.
Annual sales are projected to grow 9% to $3.1 billion this year and 16.8% next year to $3.6 billion.
Discount Valuation
After trading through the boom-bust market of 2020-2022, Pinterest stock is trading just 32% above its IPO price from 2019. That means investors are paying just a small premium to the IPO price, while annual sales have nearly tripled in that time.
Today, Pinterest stock is trading at 30x forward earnings, while its EPS are expected to grow 36% annually over the next 3-5 years. This means that the company has a PEG Ratio of 0.84x, indicating a discount valuation based on its growth prospects.
Technical Perspective
After forming a very large stage one base over the last two years, Pinterest is again drawing in buyers. Now, after a strong Q3 earnings report and gap higher, the stock has been building out a convincing bull flag from which investors can trade a breakout.
If PINS stock can trade and close above the $32.30 level, it would signal a technical breakout, and likely push the stock to new two-year highs. Alternatively, if the stock reverses at the level again, and moves below the $31.50 level, investors may want to wait for another opportunity.
Bottom Line
The trifecta of fair valuation, upward trending earnings revisions, and technical momentum setup makes Pinterest a worthy consideration for any investor’s portfolio.
Bear of the Day:
The fashion brand Guess has been struggling in recent years, unable to move its stock price higher. Unfortunately, the current outlook is not much improved as sales are forecast to remain flat in the coming years, and earnings estimate revisions are decidedly lower, giving the stock a Zacks Rank #5 (Strong Sell) recommendation.
Because of the lackluster company expectations, and inherent challenges of the fashion and apparel business, Guess stock should be avoided until a significant turn in the data.
Company Summary
Guess is an American fashion brand known for its clothing, accessories, and footwear. Founded in 1981, it is recognized for its iconic denim products and distinctive style. Guess operates globally and has a reputation for its trendy and edgy youthful designs.
Over the last ten years Guess stock is essentially unchanged, down -5% over that period. This is below the industry returns, which should be noted are not much better at just 9% over the last ten years, and significantly worse than the broad market. However, GES has paid a dividend since 2008, which today stands at a hefty 5.6% yield.
The poor industry performance speaks to the inherent challenges associated with the fashion industry. Because trends regularly come and go, it is hard for the brands to maintain steady and enduring sales growth. As is seen in GES, where sales growth is flat over the last 11 years, these instances can be brutal for shareholders.
Sales and Earnings
Sales this year and next are expected to continue mostly unchanged, with FY24 expecting 2.2% YoY growth and FY25 forecasting 1.9% YoY growth. With no sales growth prospects, I think it is likely that Guess stock will continue to languish as is has the last decade.
Earnings estimates aren’t encouraging either, reflected by the Zacks #5 (Strong Sell Rating). Current quarter earnings have been revised lower by -7.5% and are expected to drop -8% YoY to $1.6 per share. FY23 earnings have been lowered by -7.6% and are projected to grow just 1.4% YoY to $2.78 per share.
Guess is a part of the Textile – Apparel Industry, which sits in the Bottom 30% (175 out of 251) of the Zacks Industry Rank.
Bottom Line
This year has been an exceptional one in the stock market, and thus there are a litany of exciting companies to pick from. This makes Guess a stock that is very much worth avoiding, as it has few if any bullish catalysts currently.
However, Guess does have a well-known brand, and still does over $2.7 billion in annual sales indicating it still maintains some relevance in the fashion world. Furthermore, it is trading at a forward earnings multiple of 8x, which is below the industry average of 14.6x and its 10-year median of 17.5x.
Thus, if Guess can instigate a growth campaign and sway analysts to improve earnings estimates, it could at some point be an interesting investment. However, for now investors should look elsewhere for opportunities.
Additional content:
3 Top Retail Stocks to Buy as Holiday Spending Rises
Americans opened up their wallets in the busy holiday shopping period, thereby fueling economic growth and squashing concerns about an imminent recession. Black Friday sales touched record highs as online sales picked up after retailers extended their deals beyond brick-and-mortar outlets.
According to a report from MasterCard, in-store sales during Black Friday advanced 1.1% year over year, while online sales climbed 8.5%. MasterCard added that overall Black Friday sales increased 2.5%. Adobe Analytics, meanwhile, said that Black Friday sales came in at a record $9.8 billion across the length and breadth of the country, while e-commerce spending jumped 7.5% from a year earlier.
Thanks to both online and offline deals, price-conscious consumers splurged a lot more during this year’s Thanksgiving holiday shopping compared to last year, when higher food and gas prices impacted their propensity to spend. Consumers were on a shopping spree and spent heavily on items such as televisions, smartwatches, gaming, and toys, to name a few.
But it’s just not about Black Friday sales, the National Retail Federation (NRF) earlier stated that consumers will spend between $957.3 billion and $966.6 billion on various retail products throughout November and December, which will be an uptick of 3% and 4% over the same period last year. NRF, in reality, found out that a greater number of consumers have already started to spend on holiday items such as gifts and decorations since October.
Consumers, in the meantime, are spending more on nonobligatory items and are eventually boosting retail sales solely because the Federal Reserve’s aggressive monetary policy has made incremental progress in curbing price pressures. With inflation showing signs of cooling down and the Fed now expected to pause interest rate hikes, consumers are all set to splurge even more in the near term. Moreover, retailers have already lured bargain-hunting customers with enticing Cyber Monday deals.
Hence, courtesy of an increase in consumer outlays, retailers are positioned to gain as spending plays a crucial role in determining their revenues. We have, thus, selected three retailers, namely, American Eagle Outfitters, Deckers Outdoor and Target, which flaunt a Zacks Rank #2 (Buy) and should make meaningful additions to your portfolio. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
American Eagle Outfitters is a specialty retailer of casual apparel, accessories, and footwear for men and women. The Zacks Consensus Estimate for its current-year earnings has moved up 3.1% over the past 60 days. AEO’s expected earnings growth rate for the current year is 37.1%.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for its current-year earnings has moved up 4.5% over the past 60 days. DECK’s expected earnings growth rate for the current year is 20.9%.
Target has evolved from just being a pure brick-and-mortar retailer to an omni-channel entity. The Zacks Consensus Estimate for its current-year earnings has moved up 9.9% over the past 60 days. TGT’s expected earnings growth rate for the current year is 38.5%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index.Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Target Corporation (TGT) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Guess?, Inc. (GES) : Free Stock Analysis Report
Pinterest, Inc. (PINS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, Zacks Equity Research provides analysis on American Eagle Outfitters AEO, Deckers Outdoor DECK and Target TGT. We have, thus, selected three retailers, namely, American Eagle Outfitters, Deckers Outdoor and Target, which flaunt a Zacks Rank #2 (Buy) and should make meaningful additions to your portfolio. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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In addition, Zacks Equity Research provides analysis on American Eagle Outfitters AEO, Deckers Outdoor DECK and Target TGT. Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Guess?, Inc. (GES) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report To read this article on Zacks.com click here. We have, thus, selected three retailers, namely, American Eagle Outfitters, Deckers Outdoor and Target, which flaunt a Zacks Rank #2 (Buy) and should make meaningful additions to your portfolio.
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Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Guess?, Inc. (GES) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report To read this article on Zacks.com click here. In addition, Zacks Equity Research provides analysis on American Eagle Outfitters AEO, Deckers Outdoor DECK and Target TGT. We have, thus, selected three retailers, namely, American Eagle Outfitters, Deckers Outdoor and Target, which flaunt a Zacks Rank #2 (Buy) and should make meaningful additions to your portfolio.
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In addition, Zacks Equity Research provides analysis on American Eagle Outfitters AEO, Deckers Outdoor DECK and Target TGT. We have, thus, selected three retailers, namely, American Eagle Outfitters, Deckers Outdoor and Target, which flaunt a Zacks Rank #2 (Buy) and should make meaningful additions to your portfolio. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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2daa25d9-632d-48a5-ac1e-ecb9e1d1a1d1
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723655.0
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2023-11-29 00:00:00 UTC
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Foot Locker forecasts rosier Q4 on resilient holiday demand
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DECK
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https://www.nasdaq.com/articles/foot-locker-forecasts-rosier-q4-on-resilient-holiday-demand
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nan
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nan
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Recasts throughout, adds background
Nov 29 (Reuters) - Foot Locker FL.N on Wednesday forecast a smaller-than-expected decline in fourth-quarter comparable sales, anticipating resilient consumer demand during the key holiday shopping season.
Foot Locker's stock, which has lost about 40% of its value this year, was up about 12% in premarket trade.
Steep discounts have helped the footwear retailer rope in budget-conscious shoppers looking for deals on styles from Nike NKE.N, On ONON.N, Deckers Outdoors DECK.N, Adidas, HOKA and UGG boots.
The company expects fourth-quarter comparable sales to decline between 7% and 9%, compared with analysts' average expectation of a fall of 10.51%, as per LSEG data.
(Reporting by Juveria Tabassum; Editing by Pooja Desai)
((Juveria.Tabassum@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Steep discounts have helped the footwear retailer rope in budget-conscious shoppers looking for deals on styles from Nike NKE.N, On ONON.N, Deckers Outdoors DECK.N, Adidas, HOKA and UGG boots. Recasts throughout, adds background Nov 29 (Reuters) - Foot Locker FL.N on Wednesday forecast a smaller-than-expected decline in fourth-quarter comparable sales, anticipating resilient consumer demand during the key holiday shopping season. Foot Locker's stock, which has lost about 40% of its value this year, was up about 12% in premarket trade.
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Steep discounts have helped the footwear retailer rope in budget-conscious shoppers looking for deals on styles from Nike NKE.N, On ONON.N, Deckers Outdoors DECK.N, Adidas, HOKA and UGG boots. Recasts throughout, adds background Nov 29 (Reuters) - Foot Locker FL.N on Wednesday forecast a smaller-than-expected decline in fourth-quarter comparable sales, anticipating resilient consumer demand during the key holiday shopping season. Foot Locker's stock, which has lost about 40% of its value this year, was up about 12% in premarket trade.
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Steep discounts have helped the footwear retailer rope in budget-conscious shoppers looking for deals on styles from Nike NKE.N, On ONON.N, Deckers Outdoors DECK.N, Adidas, HOKA and UGG boots. Recasts throughout, adds background Nov 29 (Reuters) - Foot Locker FL.N on Wednesday forecast a smaller-than-expected decline in fourth-quarter comparable sales, anticipating resilient consumer demand during the key holiday shopping season. The company expects fourth-quarter comparable sales to decline between 7% and 9%, compared with analysts' average expectation of a fall of 10.51%, as per LSEG data.
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Steep discounts have helped the footwear retailer rope in budget-conscious shoppers looking for deals on styles from Nike NKE.N, On ONON.N, Deckers Outdoors DECK.N, Adidas, HOKA and UGG boots. Recasts throughout, adds background Nov 29 (Reuters) - Foot Locker FL.N on Wednesday forecast a smaller-than-expected decline in fourth-quarter comparable sales, anticipating resilient consumer demand during the key holiday shopping season. Foot Locker's stock, which has lost about 40% of its value this year, was up about 12% in premarket trade.
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ead2a2d5-f82c-42e7-bf82-0d85ac9d5fb9
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723656.0
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2023-11-28 00:00:00 UTC
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3 Top Retail Stocks to Buy as Holiday Spending Rises
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DECK
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https://www.nasdaq.com/articles/3-top-retail-stocks-to-buy-as-holiday-spending-rises
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nan
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nan
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Americans opened up their wallets in the busy holiday shopping period, thereby fueling economic growth and squashing concerns about an imminent recession. Black Friday sales touched record highs as online sales picked up after retailers extended their deals beyond brick-and-mortar outlets.
According to a report from MasterCard, in-store sales during Black Friday advanced 1.1% year over year, while online sales climbed 8.5%. MasterCard added that overall Black Friday sales increased 2.5%. Adobe Analytics, meanwhile, said that Black Friday sales came in at a record $9.8 billion across the length and breadth of the country, while e-commerce spending jumped 7.5% from a year earlier.
Thanks to both online and offline deals, price-conscious consumers splurged a lot more during this year’s Thanksgiving holiday shopping compared to last year, when higher food and gas prices impacted their propensity to spend. Consumers were on a shopping spree and spent heavily on items such as televisions, smartwatches, gaming, and toys, to name a few.
But it’s just not about Black Friday sales, the National Retail Federation (NRF) earlier stated that consumers will spend between $957.3 billion and $966.6 billion on various retail products throughout November and December, which will be an uptick of 3% and 4% over the same period last year. NRF, in reality, found out that a greater number of consumers have already started to spend on holiday items such as gifts and decorations since October.
Consumers, in the meantime, are spending more on nonobligatory items and are eventually boosting retail sales solely because the Federal Reserve’s aggressive monetary policy has made incremental progress in curbing price pressures. With inflation showing signs of cooling down and the Fed now expected to pause interest rate hikes, consumers are all set to splurge even more in the near term. Moreover, retailers have already lured bargain-hunting customers with enticing Cyber Monday deals.
Hence, courtesy of an increase in consumer outlays, retailers are positioned to gain as spending plays a crucial role in determining their revenues. We have, thus, selected three retailers, namely, American Eagle Outfitters AEO, Deckers Outdoor DECK and Target TGT, which flaunt a Zacks Rank #2 (Buy) and should make meaningful additions to your portfolio. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
American Eagle Outfitters is a specialty retailer of casual apparel, accessories, and footwear for men and women. The Zacks Consensus Estimate for its current-year earnings has moved up 3.1% over the past 60 days. AEO’s expected earnings growth rate for the current year is 37.1%.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for its current-year earnings has moved up 4.5% over the past 60 days. DECK’s expected earnings growth rate for the current year is 20.9%.
Target has evolved from just being a pure brick-and-mortar retailer to an omni-channel entity. The Zacks Consensus Estimate for its current-year earnings has moved up 9.9% over the past 60 days. TGT’s expected earnings growth rate for the current year is 38.5%.
7 Best Stocks for the Next 30 Days
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Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Target Corporation (TGT) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We have, thus, selected three retailers, namely, American Eagle Outfitters AEO, Deckers Outdoor DECK and Target TGT, which flaunt a Zacks Rank #2 (Buy) and should make meaningful additions to your portfolio. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK’s expected earnings growth rate for the current year is 20.9%.
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We have, thus, selected three retailers, namely, American Eagle Outfitters AEO, Deckers Outdoor DECK and Target TGT, which flaunt a Zacks Rank #2 (Buy) and should make meaningful additions to your portfolio. Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. We have, thus, selected three retailers, namely, American Eagle Outfitters AEO, Deckers Outdoor DECK and Target TGT, which flaunt a Zacks Rank #2 (Buy) and should make meaningful additions to your portfolio. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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We have, thus, selected three retailers, namely, American Eagle Outfitters AEO, Deckers Outdoor DECK and Target TGT, which flaunt a Zacks Rank #2 (Buy) and should make meaningful additions to your portfolio. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK’s expected earnings growth rate for the current year is 20.9%.
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5539c7cf-e696-41f5-9d27-7092cccbfc45
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723657.0
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2023-11-27 00:00:00 UTC
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MDY, JBL, BLDR, DECK: Large Inflows Detected at ETF
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DECK
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https://www.nasdaq.com/articles/mdy-jbl-bldr-deck%3A-large-inflows-detected-at-etf
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $351.2 million dollar inflow -- that's a 1.9% increase week over week in outstanding units (from 39,470,000 to 40,220,000). Among the largest underlying components of MDY, in trading today Jabil Inc (Symbol: JBL) is off about 0.4%, Builders FirstSource Inc. (Symbol: BLDR) is up about 0.1%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 1.4%. For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average:
Looking at the chart above, MDY's low point in its 52 week range is $424.22 per share, with $500.78 as the 52 week high point — that compares with a last trade of $466.80. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
SNPX Insider Buying
ETFs Holding JNJ
MFB Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of MDY, in trading today Jabil Inc (Symbol: JBL) is off about 0.4%, Builders FirstSource Inc. (Symbol: BLDR) is up about 0.1%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 1.4%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of MDY, in trading today Jabil Inc (Symbol: JBL) is off about 0.4%, Builders FirstSource Inc. (Symbol: BLDR) is up about 0.1%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 1.4%. For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average: Looking at the chart above, MDY's low point in its 52 week range is $424.22 per share, with $500.78 as the 52 week high point — that compares with a last trade of $466.80. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Among the largest underlying components of MDY, in trading today Jabil Inc (Symbol: JBL) is off about 0.4%, Builders FirstSource Inc. (Symbol: BLDR) is up about 0.1%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 1.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $351.2 million dollar inflow -- that's a 1.9% increase week over week in outstanding units (from 39,470,000 to 40,220,000). For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average: Looking at the chart above, MDY's low point in its 52 week range is $424.22 per share, with $500.78 as the 52 week high point — that compares with a last trade of $466.80.
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Among the largest underlying components of MDY, in trading today Jabil Inc (Symbol: JBL) is off about 0.4%, Builders FirstSource Inc. (Symbol: BLDR) is up about 0.1%, and Deckers Outdoor Corp. (Symbol: DECK) is up by about 1.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $351.2 million dollar inflow -- that's a 1.9% increase week over week in outstanding units (from 39,470,000 to 40,220,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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a59bada3-7e87-4efe-86ae-fafe7020ec32
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723658.0
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2023-11-26 00:00:00 UTC
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Deckers Outdoor Corp. Shares Climb 2.2% Past Previous 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-climb-2.2-past-previous-52-week-high-market-mover
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed 2.2% higher than its previous 52 week high, giving the company a market cap of $16B. The stock is currently up 59.6% year-to-date, up 67.1% over the past 12 months, and up 397.4% over the past five years. This week, the Dow Jones Industrial Average rose 1.3%, and the S&P 500 rose 1.0%.
Trading Activity
Trading volume this week was 83.1% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 25328.0%
The company's stock price performance over the past 12 months beats the peer average by 1847.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 102.9% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed 2.2% higher than its previous 52 week high, giving the company a market cap of $16B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 25328.0% The company's stock price performance over the past 12 months beats the peer average by 1847.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 102.9% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 2.2% higher than its previous 52 week high, giving the company a market cap of $16B. This week, the Dow Jones Industrial Average rose 1.3%, and the S&P 500 rose 1.0%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 25328.0% The company's stock price performance over the past 12 months beats the peer average by 1847.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 102.9% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 2.2% higher than its previous 52 week high, giving the company a market cap of $16B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 25328.0% The company's stock price performance over the past 12 months beats the peer average by 1847.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 102.9% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Deckers Outdoor Corp. (DECK) shares closed 2.2% higher than its previous 52 week high, giving the company a market cap of $16B. This week, the Dow Jones Industrial Average rose 1.3%, and the S&P 500 rose 1.0%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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56bbc227-f390-4a54-b620-2a449b5093f5
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723659.0
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2023-11-24 00:00:00 UTC
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Maximize Your Holiday Earnings With These 3 Stocks
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DECK
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https://www.nasdaq.com/articles/maximize-your-holiday-earnings-with-these-3-stocks
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In addition to stuffing a stocking this holiday season, why not give your portfolio a boost with the addition of some high-flying stocks. As the market continues to be in a jolly mood this November, and with a Santa Claus rally starting to form as we approach year’s end, now is a great time to review your portfolio and decide what stocks to buy as we head into 2024. The good news is that many stocks are skyrocketing as third-quarter earnings season draws to a close, outpacing the 9% gain seen in the benchmark S&P 500 index since Halloween. With markets feeling festive, why not maximize your holiday earnings with these three stocks to buy.
Deckers Outdoor (DECK)
Source: shutterstock.com/Piotr Swat
Sure to be a hot item this holiday season are Hoka running shoes, which continue to be a bestseller for Deckers Outdoor (NYSE:DECK). The shoemaker is flying high thanks to strong consumer demand for both its Hoka runners and Ugg boots. DECK stock jumped 10% higher immediately after the company’s last earnings print in late October and shares are now up 28% in the past month. Year-to-date, Deckers Outdoor’s share price is up 63%.
For the Q3 2023, Deckers Outdoor reported profits and sales that were both records for the company. EPS came in at $6.82, which blew away Wall Street forecasts of $4.40. Revenue rose 25% year-over-year to $1.09 billion, which beat estimates of $960 million. Heading into the holidays, Deckers direct-to-consumer sales are up 40% to $331.7 million.
DraftKings (DKNG)
Source: Lori Butcher/Shutterstock.com
Enjoy some football over the holidays with DraftKings (NASDAQ:DKNG). The sports betting company’s stock is up 245% on the year, rivaling the gain seen in red hot chipmaker Nvidia (NASDAQ:NVDA). The year-to-date increase in DKNG stock includes a 35% increase over the past month. Propelling the stock higher has been news that DraftKings has moved ahead of its competition to become the leader in online gambling with a 31% share of the U.S. market.
DraftKings success comes as it expands into new markets and as Americans bet more on football games. The company has 2.3 million monthly unique payers, a 40% year-over-year increase. Average revenue per user has grown 14% in the last year to $114. DraftKings recently expanded into Kentucky and is planning to enter Maine and North Carolina in the coming months. Currently, the company offers mobile sports betting in 22 U.S. states and neighboring Canada.
American Express (AXP)
Source: Shutterstock
Holiday spending and travel represents a boom to American Express (NYSE:AXP). The credit card company always does well over the year-end holiday quarter. This is thanks to consumers charge airline flights, car rentals, gifts and food to their AmEx cards. The annual bump should help lift American Express’ financial results for this year’s fourth quarter and give its stock a lift too. Like the other names on this list, AXP stock is rallying right now, having risen 12% in the past month. For the year, AXP stock is up 10%.
The catalyst driving AXP stock higher has been a strong Q3 print from the company. Additionally, there are expectations that the U.S. economy will come in for a soft landing and avoid a recession. For Q3, American Express reported a profit of $2.45 billion, or $3.30 per share. That was well ahead of the $2.96 a share that analysts expected. The credit card issuer said it continues to benefit from spending by its wealthy customers who are best equipped to handle an economic slump or even a recession.
On the date of publication, Joel Baglole held long positions in DECK and NVDA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The post Maximize Your Holiday Earnings With These 3 Stocks appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor (DECK) Source: shutterstock.com/Piotr Swat Sure to be a hot item this holiday season are Hoka running shoes, which continue to be a bestseller for Deckers Outdoor (NYSE:DECK). DECK stock jumped 10% higher immediately after the company’s last earnings print in late October and shares are now up 28% in the past month. Year-to-date, Deckers Outdoor’s share price is up 63%.
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Deckers Outdoor (DECK) Source: shutterstock.com/Piotr Swat Sure to be a hot item this holiday season are Hoka running shoes, which continue to be a bestseller for Deckers Outdoor (NYSE:DECK). DECK stock jumped 10% higher immediately after the company’s last earnings print in late October and shares are now up 28% in the past month. Year-to-date, Deckers Outdoor’s share price is up 63%.
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Deckers Outdoor (DECK) Source: shutterstock.com/Piotr Swat Sure to be a hot item this holiday season are Hoka running shoes, which continue to be a bestseller for Deckers Outdoor (NYSE:DECK). DECK stock jumped 10% higher immediately after the company’s last earnings print in late October and shares are now up 28% in the past month. Year-to-date, Deckers Outdoor’s share price is up 63%.
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Deckers Outdoor (DECK) Source: shutterstock.com/Piotr Swat Sure to be a hot item this holiday season are Hoka running shoes, which continue to be a bestseller for Deckers Outdoor (NYSE:DECK). DECK stock jumped 10% higher immediately after the company’s last earnings print in late October and shares are now up 28% in the past month. Year-to-date, Deckers Outdoor’s share price is up 63%.
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13bb820a-8a60-49db-80bd-1d728c898c78
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723660.0
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2023-11-23 00:00:00 UTC
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Deckers (DECK) Marches Ahead of Its Industry: Here's Why
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DECK
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https://www.nasdaq.com/articles/deckers-deck-marches-ahead-of-its-industry%3A-heres-why
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nan
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nan
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Deckers Outdoor Corporation DECK has exhibited a decent run on the bourses in the past year. The stock has outpaced the Zacks Retail-Apparel and Shoes industry, owing to its operational initiatives that include a focus on expanding its brand assortments, bringing a more innovative line of products, targeting consumers digitally and optimizing omni-channel distribution. In the said period, shares of this Zacks Rank #2 (Buy) company have surged 67.4% compared with the industry’s growth of 3.7%.
Additionally, an uptrend in the Zacks Consensus Estimate echoes the same sentiment. The consensus estimate for the current and next fiscal years has increased by 1 penny and 4 cents to $23.41 and $26.40, respectively, over the past seven days.
Image Source: Zacks Investment Research
Let’s Introspect
Deckers, which is one of the recognized names in the retail space, appears to be strategically positioning itself for success by focusing on profitable and underpenetrated markets, prioritizing product innovation, expanding its store presence and reinforcing its e-commerce capabilities. The company is leveraging digital channels to effectively reach and engage consumers, optimizing its omni-channel distribution for increased accessibility.
A customer-centric approach is evident in Deckers' emphasis on implementing customer relationship management software and loyalty programs. The company's direct engagement with wholesale customers has resulted in strong momentum in its global wholesale business, as evidenced by a notable 19.4% year-over-year increase in wholesale net sales in the second quarter of fiscal 2024, amounting to $760.2 million.
DECK's success is attributed to robust advancements in its direct-to-consumer (DTC) channels, brand expansion, a resilient balance sheet and a steadfast operating model. The DTC business has emerged as a pivotal growth driver, with the HOKA and UGG brands experiencing more than 30% growth in consumer acquisition in the fiscal second quarter.
Deckers reported an impressive 40% year-over-year increase in the DTC business, with net sales jumping 38.8% to $331.7 million and comparable net sales experiencing a substantial 36.8% increase during the same time frame.
The success of the UGG and HOKA brands is highlighted by their impressive year-over-year growth rates of 28.1% and 27.3% in the fiscal third quarter, respectively, contributing to overall consolidated revenue growth of 24.7%.
The HOKA brand is expected to see a further rise of more than 20% in fiscal 2024, with the majority of the increase likely to come from the brand's DTC business. UGG's revenues are anticipated to rise in the mid-single digits, supported by sustained global brand momentum and robust demand.
Promising Outlook
Deckers' dedication to disciplined management of brand marketplaces and an adaptable operating model strengthens its belief in meeting the heightened full-year expectations. This strategic methodology positions the company for sustained long-term success for its diverse array of brands.
DECK expects fiscal 2024 net sales to be $4,025 million, up from the earlier mentioned of $3,980 million. This suggests an increase of 11% from the $3,627 million reported in fiscal 2023. The company projects fiscal 2024 earnings of $22.90-$23.25 per share, up from the formerly stated $21.75-$22.25. Notably, Deckers reported earnings of $19.37 per share in fiscal 2023.
The company is also expecting an improvement in its profitability in fiscal 2024. The gross margin is expected to be 52.5-53%, up from the previously mentioned 52%, with an anticipated year-over-year expansion of 220-270 basis points. The operating margin is expected to be 18.5%, suggesting a rise from the previous year’s reported figure of 18%.
3 Other Promising Stocks
A few other top-ranked stocks in the same space are The Gap, Inc. GPS, Skechers U.S.A., Inc. SKX and Abercrombie & Fitch Co. ANF.
The Gap is a premier international specialty retailer offering a diverse range of clothing, accessories and personal care products. The company currently sports a Zacks Rank #1 (Strong Buy). GPS delivered a significant earnings surprise in the last reported quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for The Gap’s current fiscal-year earnings implies growth of 347.5% from the previous year’s reported number. GPS has a trailing four-quarter average earnings surprise of 137.9%.
Skechers U.S.A. designs, develops, markets and distributes footwear for men, women and children. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Skechers’ current financial-year earnings and sales indicates growth of 44.5% and 8.2%, respectively, from the previous year’s reported figures. SKX has a trailing four-quarter average earnings surprise of 50.3%.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel. The company currently carries a Zacks Rank #2. ANF delivered a 60.5% earnings surprise in the last reported quarter.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales implies growth of 10.4% from the previous year’s reported number. ANF has a trailing four-quarter average earnings surprise of 713%.
Zacks Reveals ChatGPT "Sleeper" Stock
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research Let’s Introspect Deckers, which is one of the recognized names in the retail space, appears to be strategically positioning itself for success by focusing on profitable and underpenetrated markets, prioritizing product innovation, expanding its store presence and reinforcing its e-commerce capabilities. Promising Outlook Deckers' dedication to disciplined management of brand marketplaces and an adaptable operating model strengthens its belief in meeting the heightened full-year expectations. Deckers Outdoor Corporation DECK has exhibited a decent run on the bourses in the past year.
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Deckers reported an impressive 40% year-over-year increase in the DTC business, with net sales jumping 38.8% to $331.7 million and comparable net sales experiencing a substantial 36.8% increase during the same time frame. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has exhibited a decent run on the bourses in the past year.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has exhibited a decent run on the bourses in the past year. Image Source: Zacks Investment Research Let’s Introspect Deckers, which is one of the recognized names in the retail space, appears to be strategically positioning itself for success by focusing on profitable and underpenetrated markets, prioritizing product innovation, expanding its store presence and reinforcing its e-commerce capabilities.
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Deckers Outdoor Corporation DECK has exhibited a decent run on the bourses in the past year. Image Source: Zacks Investment Research Let’s Introspect Deckers, which is one of the recognized names in the retail space, appears to be strategically positioning itself for success by focusing on profitable and underpenetrated markets, prioritizing product innovation, expanding its store presence and reinforcing its e-commerce capabilities. A customer-centric approach is evident in Deckers' emphasis on implementing customer relationship management software and loyalty programs.
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5939c581-31ed-4a80-9992-20fde61cb004
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723661.0
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2023-11-22 00:00:00 UTC
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American Eagle (AEO) Tops on Q3 Earnings & Sales, Ups '23 View
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DECK
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https://www.nasdaq.com/articles/american-eagle-aeo-tops-on-q3-earnings-sales-ups-23-view
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nan
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nan
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American Eagle Outfitters, Inc. AEO reported top and bottom-line beat in third-quarter fiscal 2023, driven by brand strength and solid demand. Earnings and sales also increased year over year.
The company’s third-quarter fiscal 2023 earnings of 49 cents per share rose 17% year over year and surpassed the Zacks Consensus Estimate of 48 cents.
Total net revenues of $1,301.1 million improved 5% year over year, beating the Zacks Consensus Estimate of $1,275 million. Revenue growth was driven by rising brand momentum and tremendous fall season merchandise collection. Store revenues grew 3% in the quarter, while digital revenues rose 10%.
Despite the strong results, shares of American Eagle slumped 15.8% on Nov 21. Shares of the Zacks Rank #2 (Buy) company have gained 5.1% in the past three months compared with the industry’s growth of 8.4%.
Image Source: Zacks Investment Research
Quarterly Details
Brand-wise, revenues increased 2% to $857 million for American Eagle and beat our estimate of $807.7 million. Comps for the American Eagle brand rose 2% year over year. American Eagle brand sales benefited from improvements in its assortments. The AE brand is poised to benefit from new trends in casual wear, the expansion of dominance in denim, and making investments to better penetrate categories and occasions.
Revenues advanced 12% to $393 million for the Aerie brand in the fiscal third quarter and outpaced our estimate of $388.8 million. Comps for the Aerie brand also improved 12%. Sturdy demand in its core apparel, activewear extension, strength in the OFFLINE brand and renewed momentum in intimates aided the brand.
American Eagle Outfitters, Inc. Price, Consensus and EPS Surprise
American Eagle Outfitters, Inc. price-consensus-eps-surprise-chart | American Eagle Outfitters, Inc. Quote
Gross profit increased 13% year over year to $544 million in the fiscal third quarter. The gross margin expanded 310 basis points (bps) to 41.8%. Gross margin growth in the quarter can be attributed to strong demand, reduced product and freight costs, and gains from profit improvement initiatives, which led to lower markdowns and leverage on rent, distribution, and warehousing and delivery expenses. Inventory discipline mainly resulted in lower markdowns as the company maintained healthy promotions.
Gross profit for the quarter surpassed our estimate of $532.4 million, which suggested year-over-year growth of 11%. We estimated the gross margin to expand 380 bps year over year to 42.5%, backed by a decline in the cost of sales due to lower freight expenses.
SG&A expenses rose 16% year over year to $362 million and beat our estimate of $361.4 million. As a percentage of sales, SG&A expenses increased 270 bps to 27.8%. Elevated SG&A expenses mainly resulted from higher incentive compensation compared with zero accruals last year. Additionally, higher store payroll due to increased wages led to SG&A deleverage. Our model had predicted a SG&A rate of 28.8% for the fiscal third quarter, reflecting an increase of 370 bps.
Operating income was $125.4 million in the quarter, up 6.7% from $117.5 million in the year-ago period. The operating margin of 9.6% expanded 10 bps year over year. Growth in the operating margin was aided by strong sales growth and an improved gross margin rate, offset by SG&A deleverage. Operating income surpassed our estimate of $115.7 million. Our model predicted operating margin decline of 30 bps to 9.2%.
For Aerie, operating income of $75.9 million increased 34.3% from the year-ago quarter’s $56.5 million and surpassed our estimate of $63.5 million. The AE brand’s operating income increased 5.7% year over year to $184 million in the quarter under review. AE’s operating income surpassed our estimate of $179.9 million.
Other Financial Details
American Eagle ended the fiscal third quarter with cash and cash equivalents of $240.9 million, and liquidity of $900 million, with no outstanding debt. Total shareholders’ equity as of Oct 28, 2023, was $1,738.3 million.
Capital expenditure was $43 million in the reported quarter. It expects a capital expenditure of $150-$175 million for fiscal 2023.
Inventory declined 4% year over year to $769 million, driven by continued inventory discipline. Inventory units were down 3%.
Guidance
The company noted that the strong business momentum continued in the fourth quarter of fiscal 2023 on robust holiday assortments, engaging marketing campaigns and solid execution. This, along with the strong year-to-date results, led management to raise its view for fiscal 2023.
For fiscal 2023, revenues are likely to be up year over year in the mid-single digits compared with the prior mentioned low-single-digit growth. Operating income is estimated to be $340-$350 million, narrowing toward the upper-end of the earlier stated $325-$350 million.
AEO expects SG&A to rise in the low-double digits for fiscal 2023 as improved business trends are likely to result in elevated incentives. In fiscal 2023, the company’s plan for consolidated store count is nearly flat with last year, suggesting 25 Aerie store openings, offset by 25 net closures for the AE brand.
For the fiscal fourth quarter, American Eagle expects year-over-year revenue growth in the high-single digits. The revenue guidance includes a gain of 4 points from the additional 53rd week. Comp sales are expected to increase in the mid-single digits. Operating income is projected to be $105-$115 million.
Management expects SG&A expenses to increase 20% year over year in the fiscal fourth quarter, including a 5-point impact from the 53rd week. Additionally, the company envisions elevated incentive accruals for the second half of fiscal 2023, which is likely to result in SG&A deleverage. Depreciation in the fiscal fourth quarter is anticipated to be similar to the third quarter.
Additionally, the company provided an initial outlook for fiscal 2024. It expects the fiscal 2024 performance to benefit from actions to improve internal culture and reduce expenses. Consequently, the company anticipates delivering a continued gross margin expansion, leverage on SG&A and depreciation, operating rate expansion and healthy earnings growth in fiscal 2024. Driven by the structuring of its business, it estimates delivering revenue growth in the low-single digits in fiscal 2024.
Other Key Picks
Here are some other top-ranked stocks that investors can consider, namely The Gap Inc. GPS, Abercrombie & Fitch ANF and Deckers Outdoor DECK.
Gap is a premier international specialty retailer offering a diverse range of clothing, accessories and personal care products. GPS currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Gap’s current financial-year earnings suggests growth of 332.5% from the year-ago reported figure. GPS has a trailing four-quarter earnings surprise of 137.9%, on average.
Abercrombie, a specialty retailer of premium, high-quality casual apparel for men, women and kids, currently carries a Zacks Rank of 2. ANF has a trailing four-quarter earnings surprise of 724.8%, on average.
The Zacks Consensus Estimate for Abercrombie’s current financial year’s sales suggests an increase of 10.4% from the year-ago reported figure. The consensus estimate for earnings per share of $4.56 indicates significant growth from the 25 cents reported in the prior fiscal year.
Deckers Outdoor, a leading designer, producer and brand manager of innovative, niche footwear and accessories, currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 11.4% and 20.9% from the year-ago period’s actuals, respectively. DECK has a trailing four-quarter earnings surprise of 26.3%, on average.
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Key Picks Here are some other top-ranked stocks that investors can consider, namely The Gap Inc. GPS, Abercrombie & Fitch ANF and Deckers Outdoor DECK. Deckers Outdoor, a leading designer, producer and brand manager of innovative, niche footwear and accessories, currently carries a Zacks Rank #2. The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 11.4% and 20.9% from the year-ago period’s actuals, respectively.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Key Picks Here are some other top-ranked stocks that investors can consider, namely The Gap Inc. GPS, Abercrombie & Fitch ANF and Deckers Outdoor DECK. Deckers Outdoor, a leading designer, producer and brand manager of innovative, niche footwear and accessories, currently carries a Zacks Rank #2.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Key Picks Here are some other top-ranked stocks that investors can consider, namely The Gap Inc. GPS, Abercrombie & Fitch ANF and Deckers Outdoor DECK. Deckers Outdoor, a leading designer, producer and brand manager of innovative, niche footwear and accessories, currently carries a Zacks Rank #2.
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Other Key Picks Here are some other top-ranked stocks that investors can consider, namely The Gap Inc. GPS, Abercrombie & Fitch ANF and Deckers Outdoor DECK. Deckers Outdoor, a leading designer, producer and brand manager of innovative, niche footwear and accessories, currently carries a Zacks Rank #2. The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 11.4% and 20.9% from the year-ago period’s actuals, respectively.
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2023-11-22 00:00:00 UTC
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Burlington Stores (BURL) Q3 Earnings & Sales Miss, Rise Y/Y
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DECK
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https://www.nasdaq.com/articles/burlington-stores-burl-q3-earnings-sales-miss-rise-y-y
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Burlington Stores, Inc. BURL reported third-quarter fiscal 2023 results, where sales and earnings missed the Zacks Consensus Estimate. However, both the top and bottom lines increased year over year.
Over the past three months, this Zacks Rank #3 (Hold) stock has gained 0.7% compared with the industry's growth of 1.8%.
Insight Into the Headlines
Burlington Stores delivered adjusted earnings of 98 cents per share, lagging the Zacks Consensus Estimate of earnings of 99 cents. The bottom line surged 127.9% from 43 cents per share recorded in the year-ago fiscal quarter.
Total revenues of $2,289.3 million fell short of the consensus estimate of $2,313 million but increased 12.2% from the last fiscal year’s quarterly reported figure. The company’s comparable store sales jumped 6% from the year-ago period, compared with our estimate of 6.4% growth.
Burlington Stores, Inc. Price, Consensus and EPS Surprise
Burlington Stores, Inc. price-consensus-eps-surprise-chart | Burlington Stores, Inc. Quote
Margins
The gross margin was 43.2% in the reported quarter, up 200 basis points (bps) from third-quarter fiscal 2022 actuals. Notably, our estimate for the gross margin was also pegged at 43.2%. Merchandise margin increased by 150 bps and freight expenses improved by 50 bps.
Adjusted selling, general and administrative (SG&A) expenses, as a rate of sales, was 27.3%, increasing 50 bps from the third-quarter fiscal 2022 actuals. Our estimate for adjusted SG&A expenses, as a rate of sales, was 27.2%. Product sourcing costs included in SG&A expenses came in at $200 million, up from $177 million recorded in the fiscal year ago quarter. Product sourcing costs represent the processing goods expenses via supply chain and buying costs.
Adjusted EBITDA increased by 43.1% from the third quarter of fiscal 2022 to $176 million. Adjusted EBIT was $99 million, up from $55 million in the fiscal year ago quarter. Adjusted EBIT margin increased by 170 bps from the third quarter of fiscal 2022.
Other Financial Aspects
The company ended the reported quarter with cash and cash equivalents of $615.9 million, long-term debt of $1,397.6 million and stockholders’ equity of $850.5 million. BURL exited the fiscal third quarter with $1,440 million of liquidity, including $616 million of unrestricted cash and $824 million available under its ABL facility.
Burlington Stores ended the quarter with $1,412 million of outstanding total debt, comprising $940 million under its Term Loan Facility, $453 million of Convertible Notes and no borrowings under its ABL Facility.
Merchandise inventories were $1,329 million, down from $1,445 million reported in the fiscal year ago quarter. Comparable store inventories grew 2% from the level recorded in the same quarter of fiscal 2022. Reserve inventory accounted for 30% of the total inventory at the end of the reported quarter.
Burlington Stores bought back 348,948 shares for $52 million under its share repurchase plan in the fiscal third quarter. As of Oct 28, 2023, BURL had $718 million remaining under its current share repurchase authorization. It is worth noting that on Aug 15, 2023, Burlington Stores’ board of directors approved the repurchase of up to an additional $500 million of common stock.
Outlook
For fiscal 2023, comparable sales are anticipated to increase 3% against the 13% decrease reported during fiscal 2022. Net sales are expected to grow 11%, including an approximately 2% rise from the extra 53rd week, against a 7% fall in fiscal 2022.
Adjusted EBIT margin (excluding the impact of expected incremental expenses of 18 million related to the recently acquired Bed Bath & Beyond leases) is now expected to increase by 90-100 bps for the fiscal year. Adjusted earnings per share (EPS) are envisioned in the bracket of $5.72-$5.87 compared with an adjusted EPS of $4.26 recorded in the last fiscal year. The expected adjusted EPS excludes the impact of expected incremental expenses of 20 cents per share related to the acquired Bed Bath & Beyond leases.
In fiscal 2023, management intends to open approximately 80 net new stores and projects capital expenditures, net of landlord allowances, of $560 million. Net interest expense is expected to be about $60 million, while the effective tax rate is likely to be around 26%.
For the fourth quarter of fiscal 2023, total sales are projected to increase 5-7% and comps are expected to be in the range of 2% decline to flat from the year-ago period. Adjusted EBIT margin is likely to be up by 0-40 bps from the last fiscal year’s quarterly reading and adjusted EPS is forecast in the range of $3.10 to $3.25.
The forecasted adjusted EBIT margin and adjusted EPS figures exclude the impact of expected incremental expenses of about $5 million or 6 cents per share, associated with the acquired Bed Bath & Beyond lease. The metric also excludes the impact of 5 cents benefit expected from the 53rd week. Burlington Stores’ adjusted earnings were $2.96 per share in the fourth quarter of fiscal 2022.
The effective tax rate is likely to be about 27% for the fiscal fourth quarter.
Stocks to Consider
Some better-ranked stocks from the same sector are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Eagle Outfitters is a specialty retailer of casual apparel, accessories and footwear.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal-year earnings and sales indicates growth of 37.1% and 2.4%, respectively, from the previous year’s reported figures. AEO has a trailing four-quarter average earnings surprise of 43.2%.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel. ANF delivered a significant earnings surprise in the last reported quarter. The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales implies growth of 10.4% from the previous year’s reported number. ANF has a trailing four-quarter average earnings surprise of 724.8%.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter average earnings surprise of 26.3%.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Burlington Stores, Inc. (BURL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Some better-ranked stocks from the same sector are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy). Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Burlington Stores, Inc. (BURL) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks from the same sector are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy). Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Burlington Stores, Inc. (BURL) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks from the same sector are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy). Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Stocks to Consider Some better-ranked stocks from the same sector are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy). Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures.
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2023-11-22 00:00:00 UTC
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Hibbett (HIBB) Beats Q3 Earnings Estimates, Raises EPS View
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DECK
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https://www.nasdaq.com/articles/hibbett-hibb-beats-q3-earnings-estimates-raises-eps-view
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Hibbett, Inc. HIBB posted third-quarter fiscal 2024 results, wherein earnings and sales surpassed the Zacks Consensus Estimate. The bottom line increased year over year, while the top line declined. The company attributes its solid results to the consistent execution of its business strategy, indicating the effectiveness of its approach in a challenging retail environment.
Hibbett reported a positive back-to-school performance in the first month of the third quarter. The establishment of a partnership with Nike was a significant development in the fiscal third quarter, involving the connection of loyalty programs to offer exclusive experiences for customers. Banking on the fourth quarter and the holiday season, the company is confident of achieving a strong finish to fiscal 2024.
Shares of this Zacks Rank #3 (Hold) company have gained 56.8% in the past three months compared with the industry's 6.6% growth.
Hibbett, Inc. Price, Consensus and EPS Surprise
Hibbett, Inc. price-consensus-eps-surprise-chart | Hibbett, Inc. Quote
Quarterly Highlights
Hibbett's adjusted earnings of $2.05 per share increased 5.7% from the $1.94 reported in the prior-year quarter. Also, the figure surpassed the Zacks Consensus Estimate of $1.13 per share.
Net sales fell 0.3% year over year to $431.9 million for the quarter under review. However, the figure beat the Zacks Consensus Estimate of $416 million.
Comparable sales declined 2.7% year over year and lagged our estimate of a 7% decline. Brick-and-mortar comparable sales specifically experienced a 5.4% decrease on a year-over-year basis, whereas e-commerce sales demonstrated a noteworthy increase of 12.6%.
The gross profit decreased 1.6% year over year to $146.3 million for the reported quarter, which beat our estimate of $137.6 million. Meanwhile, the gross margin contracted 40 basis points (bps) to 33.9%, driven by a decrease in the average product margin, which was roughly 130 basis points lower than the previous year. Also, the decrease was largely influenced by increased promotional activity in footwear and apparel.
Furthermore, the slight year-over-year sales decrease led to the deleverage of store occupancy costs, accounting for the gross margin decline. Despite these unfavorable factors, there was partial mitigation through lower freight, shipping, shrink and logistics expenses in comparison to the year-ago period.
Operating income was $34.5 million, up 0.9% year over year. The metric surpassed our estimate of $20.9 million. Meanwhile, the operating margin expanded 10 bps to 8% for the reported quarter.
Store operating, selling and administrative (SG&A) expenses, as a percentage of sales, contracted 90 bps to 23% due to its sustained efforts in expense management. This includes enhancing the efficiency of store labor and making strategic reductions in discretionary expense categories like professional fees and advertising.
Other Financials
As of Oct 28, Hibbett had $29.6 million in cash and cash equivalents, and $96.9 million of debt outstanding on its $160.0-million unsecured line of credit. In the fiscal third quarter, Hibbett repurchased 707,621 shares for $32 million. Management paid out a quarterly dividend of 25 cents per share.
Store Update
In third-quarter fiscal 2024, the company opened 10 stores. As of Oct 28, 2023, it had 1,158 stores across 36 states.
FY2024 Guidance
Management retained its fiscal 2024 net sales view. Hibbett expects net sales between flat and a 2% rise. The company anticipates comparable sales and in-store comps to decline in the low-single digits each, and e-commerce sales to be flat to up in the low-single digits. It was slightly higher than the previous guidance of a low-single-digit decline.
The gross margin is envisioned to be 33.9-34%, whereas the operating margin is predicted to be 7.6-8% higher than the previously mentioned 7.4-7.8%. SG&A, as a percent of net sales, is estimated to be 23.1-23.3% compared with the previously stated 23.3-23.5%. Also, interest expenses, as a percentage of net sales, are projected to be 0.35-0.4%, down from the previously stated 0.4-0.45%.
The company raised its EPS guidance as well. Earnings are anticipated to be $8-$8.30 per share compared with the earlier mentioned $7-$7.75. Also, the effective tax rate is expected to be 23.1-23.3%. For fiscal 2024, capital expenditure is expected to be $60-$70 million for investment in new stores, remodels, technology advancement and infrastructure.
Stocks to Consider
A few better-ranked stocks in the same space are The Gap, Inc. GPS, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK.
The Gap is a premier international specialty retailer offering a diverse range of clothing, accessories and personal care products. The company currently sports a Zacks Rank #1 (Strong Buy). GPS delivered a significant earnings surprise in the last reported quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for The Gap’s current fiscal-year earnings implies growth of 332.5% from the previous year’s reported number. GPS has a trailing four-quarter average earnings surprise of 137.9%.
Skechers U.S.A. designs, develops, markets and distributes footwear for men, women and children. It currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Skechers’ current financial-year earnings and sales indicates growth of 44.5% and 8.2%, respectively, from the previous year’s reported figures. SKX has a trailing four-quarter average earnings surprise of 50.3%.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter average earnings surprise of 26.3%.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
Hibbett, Inc. (HIBB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. Stocks to Consider A few better-ranked stocks in the same space are The Gap, Inc. GPS, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Stocks to Consider A few better-ranked stocks in the same space are The Gap, Inc. GPS, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK. Click to get this free report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Hibbett, Inc. (HIBB) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. Click to get this free report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Hibbett, Inc. (HIBB) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks in the same space are The Gap, Inc. GPS, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK.
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Stocks to Consider A few better-ranked stocks in the same space are The Gap, Inc. GPS, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures.
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2023-11-21 00:00:00 UTC
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Abercrombie (ANF) Tops on Q3 Earnings & Sales, Raises FY23 View
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DECK
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https://www.nasdaq.com/articles/abercrombie-anf-tops-on-q3-earnings-sales-raises-fy23-view
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Abercrombie & Fitch Co. ANF has reported robust third-quarter fiscal 2023 results, with the top and bottom lines surpassing the Zacks Consensus Estimate and improving year over year. Results have benefited from the exceptional performance at the Abercrombie brand and improvement in the Hollister brand.
The company noted that its efforts to improve the positioning of the Hollister brand have been paying off. Also, strategic investments across stores, digital and technology via its Always Forward Plan bode well. Consequently, management has raised its sales and operating margin view for fiscal 2023.
Despite the solid results and upbeat outlook, the stock declined 5.8% in the pre-market session on Nov 21. Shares of this Zacks Rank #2 (Buy) company have gained 75.6% in the past three months compared with the industry's growth of 7.4%.
Image Source: Zacks Investment Research
Sales & Earnings Picture
Abercrombie’s adjusted earnings of $1.83 per share in the fiscal third quarter improved significantly from the 1 cent reported in the prior-year quarter. Moreover, the bottom line surpassed the Zacks Consensus Estimate of $1.14 by a huge margin. The robust earnings performance can be attributed to strong top-line growth, coupled with improved gross and operating margins resulting from strong operating leverage. Higher average unit retail (AUR) and reduced freight costs mainly aided margins.
Net sales of $1,056.4 million advanced 20% year over year and surpassed the Zacks Consensus Estimate of $978 million. Net sales grew 19% on a constant-currency basis. ANF’s comparable sales improved 16%. The top-line beat was led by substantial growth in the Abercrombie brand, along with momentum in Hollister.
Abercrombie & Fitch Company Price, Consensus and EPS Surprise
Abercrombie & Fitch Company price-consensus-eps-surprise-chart | Abercrombie & Fitch Company Quote
Sales by Region and Brands
Sales were strong in the Americas, up 22% year over year to $867.6 million. Additionally, sales grew 14% to $158 million in the EMEA and advanced 13% to $30.9 million in the APAC.
Brand-wise, net sales improved 11% year over year to $508.7 million at Hollister and advanced 30% to $547.7 million at Abercrombie. The Abercrombie brand contributed 52% to the total company sales, while Hollister represented 48% of sales.
Exceptional sales growth at Abercrombie was driven by consistent growth across genders, channels and geographies. This marked the highest fiscal third-quarter sales for the brand in the company’s history. Meanwhile, sales at Hollister benefited from a solid back-to-school season, and assortment and brand evolution amid teen customers. Growth in the Hollister brand was led by the women’s business.
Our model had predicted sales growth of 19.5% for the Abercrombie brand and 1.4% for Hollister for the fiscal third quarter. We estimated sales to increase 8.5% in the Americas, 16.4% in the EMEA and 19.8% in the APAC for the fiscal third quarter.
Margins
Abercrombie’s gross margin expanded 570 basis points (bps) year over year to 64.9% in the quarter, driven by improved product acceptance and tight inventory management across brands. The gross margin expansion included a 200-bps gain from reduced freight costs, a 250-bps benefit from AUR growth and a 200-bps gain from lower inventory write-downs. This was partly negated by an 80-bps impact from higher raw material costs.
Operating expenses, excluding other operating losses, increased 8% year over year. Higher incentive-based compensation, inflation, marketing and technology expenses led to the increase. As a percentage of sales, operating expenses of 51.7% declined 560 bps from the prior-year quarter.
The company reported an operating income of $138 million compared with a reported operating income of $18 million and an adjusted operating income of $21 million in the year-ago period. The operating margin of 13.1% expanded 1,110 bps year over year, powered by gross margin expansion and operating expense leverage.
Our model had estimated a 530-bps expansion in the gross margin to 64.5%, owing to lower freight costs and improved AUR rate. We estimated a 40-bps decline in operating expense rate to 56.5% for the fiscal third quarter. Driven by the improved gross margin and operating expense leverage, our model predicted an operating margin of 8.1% for the fiscal third quarter, suggesting 570-bps growth from last year.
Other Financials
Abercrombie ended the fiscal third quarter with cash and cash equivalents of $649.5 million, long-term net borrowings of $248 million, and stockholders’ equity of $866.1 million, excluding non-controlling interests.
The company had a liquidity of $1 billion at the end of the fiscal third quarter, which included cash and equivalents, and borrowings available under the ABL Facility. Net cash provided by operating activities was $350 million as of Oct 28, 2023.
Outlook
Driven by the robust year-to-date performance and expectations of solid demand trends in the upcoming holiday season, the company raised its sales and operating margin guidance for fiscal 2023.
Management envisions year-over-year net sales growth of 12-14% for fiscal 2023, up from prior stated 10% growth. Fiscal 2023 includes a 53rd week, which is estimated to benefit sales by $45 million.
Abercrombie expects an operating margin of 10%, an increase from the earlier stated 8-9%. The revised guidance suggests a year-over-year expansion of 250 bps, driven by reduced freight and raw material costs, and a modest operating expense leverage with sales growth. These gains are expected to more than offset higher expenses resulting from inflation and increased investment for the 2025 Always Forward Plan initiatives.
ANF expects a capital expenditure of $160 million and a tax rate in the low 30% range for fiscal 2023. The tax rate replaces the previously mentioned low-to-mid 30% range.
For fourth-quarter fiscal 2023, the company expects sales growth to increase year over year in the low-double digits. The sales guidance estimates a gain of 375 bps from the 53rd week.
The operating margin is envisioned to be 12-14% compared with an adjusted operating margin of 7.7% in the prior-year quarter. This growth is expected to be driven by a higher gross margin on lower freight costs and higher AURs. The effective tax rate is anticipated to be 30%.
Other Stocks to Consider
Here are some other top-ranked stocks that investors can consider, namely The Gap Inc. GPS, American Eagle Outfitters AEO and Deckers Outdoor DECK.
Gap is a premier international specialty retailer offering a diverse range of clothing, accessories and personal care products. GPS currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Gap’s current financial-year earnings suggests growth of 280% from the year-ago reported figure. GPS has a trailing four-quarter earnings surprise of 137.9%, on average.
American Eagle, a specialty retailer of casual apparel, accessories and footwear for men and women, currently carries a Zacks Rank of 2. AEO has a trailing four-quarter earnings surprise of 43.2%, on average.
The Zacks Consensus Estimate for American Eagle’s current financial year’s sales and earnings per share suggests increases of 2.4% and 37.1%, respectively, from the year-ago reported figures.
Deckers Outdoor, a leading designer, producer and brand manager of innovative, niche footwear and accessories, currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 11.3% and 20.9% from the year-ago period’s actuals, respectively. DECK has a trailing four-quarter earnings surprise of 26.3%, on average.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Here are some other top-ranked stocks that investors can consider, namely The Gap Inc. GPS, American Eagle Outfitters AEO and Deckers Outdoor DECK. Deckers Outdoor, a leading designer, producer and brand manager of innovative, niche footwear and accessories, currently carries a Zacks Rank #2. The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 11.3% and 20.9% from the year-ago period’s actuals, respectively.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Here are some other top-ranked stocks that investors can consider, namely The Gap Inc. GPS, American Eagle Outfitters AEO and Deckers Outdoor DECK. Deckers Outdoor, a leading designer, producer and brand manager of innovative, niche footwear and accessories, currently carries a Zacks Rank #2.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Here are some other top-ranked stocks that investors can consider, namely The Gap Inc. GPS, American Eagle Outfitters AEO and Deckers Outdoor DECK. Deckers Outdoor, a leading designer, producer and brand manager of innovative, niche footwear and accessories, currently carries a Zacks Rank #2.
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Other Stocks to Consider Here are some other top-ranked stocks that investors can consider, namely The Gap Inc. GPS, American Eagle Outfitters AEO and Deckers Outdoor DECK. Deckers Outdoor, a leading designer, producer and brand manager of innovative, niche footwear and accessories, currently carries a Zacks Rank #2. The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 11.3% and 20.9% from the year-ago period’s actuals, respectively.
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fd4d9299-c90a-40fe-89c8-be857803a909
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723665.0
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2023-11-21 00:00:00 UTC
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Xcel Brands (XELB) Stock Gains Despite Q3 Loss, Y/Y Revenue Dip
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DECK
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https://www.nasdaq.com/articles/xcel-brands-xelb-stock-gains-despite-q3-loss-y-y-revenue-dip
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nan
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nan
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Xcel Brands Inc. XELB delivered the third-quarter 2023 results, with the bottom line improving year over year but lagging the Zacks Consensus Estimate. The company saw a year over year decline in revenues.
Despite the setback, Xcel Brands anticipates sequential growth in overall licensing revenues for fourth-quarter 2023 and beyond. The company’s recently inked agreements with G-III Apparel for the Halston Brand and JTV for the Judith Ripka Brand are expected to contribute positively. Shares of the company rose 3.1% in the after-market trading session on Nov 20.
Xcel Brands, Inc Price, Consensus and EPS Surprise
Xcel Brands, Inc price-consensus-eps-surprise-chart | Xcel Brands, Inc Quote
Important Developments
In November 2023, Xcel Brands completed its restructuring, finalizing licensing agreements for the Longaberger business. This transformation has turned Xcel Brands into a profitable, working capital-light company, with a strategic focus on high-touch licensing, livestream shopping and social commerce growth.
Xcel Brands is also set to launch its livestream and social commerce platform in the fourth quarter of 2023, presenting a promising opportunity for significant growth.
The company's adaptability to digital trends and consumer engagement signifies a forward-looking approach in the retail sector. Xcel Brands appears well-poised for continued success as it capitalizes on innovative strategies and remains responsive to evolving market dynamics.
Q3 in Detail
Xcel Brands posted an adjusted loss of 15 cents per share in the third quarter of 2023, narrower than the adjusted loss of 17 cents reported in the year-ago period. The metric was wider than the Zacks Consensus Estimate of an adjusted loss of 14 cents.
Net revenues of this Zacks Rank #4 (Sell) company slumped 42.2% year over year to $2.6 million. Notably, the Zacks Consensus Estimate was pegged at $3 million. This decline resulted from a $2.1-million reduction in net sales, attributed to the discontinuation of wholesale apparel and fine jewelry sales earlier in the year as a component of the company’s restructuring initiative.
Gross profit declined 20% year over year to $2.4 million. The gross margin expanded 2560 basis points (bps) to 92.3% from the prior-year period.
Selling, general and administrative expenses decreased 2.8% year over year to $3.5 million. As a percentage of net revenues, selling, general and administrative expenses expanded from 80% in the third quarter of 2022 to 134.6% in the third quarter of 2023.
The adjusted EBITDA loss was $1.4 million, narrower than the loss of $2.9 million in the year-ago period. This improvement is largely attributed to the successful restructuring of its business and the initiation of long-term license agreements for the Halston, Judith Ripka and C Wonder brands.
Image Source: Zacks Investment Research
Other Financial Updates
Xcel Brands concluded the quarter with cash and cash equivalents of $2.2 million, and stockholders' equity of $55.3 million.
Notably, there was no recorded short-term or long-term debt for the company as of Sep 30, indicating a favorable financial position, with positive equity and no outstanding debt obligations.
Shares of XELB have increased 11.7% in the past one year as compared to the industry’s 5% growth.
Stocks to Consider
A few better-ranked stocks in the same space are The Gap, Inc. GPS, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK.
The Gap is a premier international specialty retailer offering a diverse range of clothing, accessories and personal care products. The company currently sports a Zacks Rank #1 (Strong Buy). GPS delivered a significant earnings surprise in the last reported quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for The Gap’s current fiscal-year earnings implies growth of 280% from the previous year’s reported number. GPS has a trailing four-quarter average earnings surprise of 137.9%.
Skechers U.S.A. designs, develops, markets and distributes footwear for men, women and children. It currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Skechers’ current financial-year earnings and sales indicates growth of 44.1% and 8.2%, respectively, from the previous year’s reported figures. SKX has a trailing four-quarter average earnings surprise of 50.3%.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.3%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter average earnings surprise of 26.3%.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
Xcel Brands, Inc (XELB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider A few better-ranked stocks in the same space are The Gap, Inc. GPS, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.3%, respectively, from the previous year’s reported figures.
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Click to get this free report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Xcel Brands, Inc (XELB) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks in the same space are The Gap, Inc. GPS, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Click to get this free report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Xcel Brands, Inc (XELB) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks in the same space are The Gap, Inc. GPS, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Stocks to Consider A few better-ranked stocks in the same space are The Gap, Inc. GPS, Skechers U.S.A., Inc. SKX and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.3%, respectively, from the previous year’s reported figures.
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dc465f8a-4244-4082-97dc-567bba2e731f
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723666.0
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2023-11-21 00:00:00 UTC
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Best Buy (BBY) Q3 Earnings Beat Estimates, Sales View Down
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DECK
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https://www.nasdaq.com/articles/best-buy-bby-q3-earnings-beat-estimates-sales-view-down
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nan
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Best Buy Co., Inc. BBY posted better-than-expected earnings for third-quarter fiscal 2024. However, sales and earnings decreased year over year. Best Buy’s adjusted earnings of $1.29 per share beat the Zacks Consensus Estimate of $1.19. The bottom line decreased from $1.38 per share recorded in the year-ago period.
Over the past three months, this Zacks Rank #3 (Hold) stock has lost 8.2% compared with the industry’s 12.2% decline.
Q3 Details
Enterprise revenues declined 7.8% from the prior fiscal year’s quarterly number to $9,756 million. The figure missed the Zacks Consensus Estimate of $9,883 million. Enterprise comparable sales dropped 6.9% year over year, narrower than 10.4% decline in the year-ago quarter.
Gross profit declined 4.3% to $2,232 million, while the gross margin expanded 90 basis points (bps) to 22.9%. The metric came in line with our estimate. Adjusted operating income came in at $369 million, down from the $412 million recorded in the year-ago quarter. The adjusted operating margin fell 10 bps to 3.8% but fared better than our estimate of 3.4%.
We note that adjusted selling, general and administrative expenses fell 3% to $1,863 million, while as a percentage of revenues, the same increased 100 bps to 19.1%. Our estimate for adjusted SG&A expenses, as a rate of revenues, was pegged at 19.6%.
Best Buy Co., Inc. Price, Consensus and EPS Surprise
Best Buy Co., Inc. price-consensus-eps-surprise-chart | Best Buy Co., Inc. Quote
Segmental Details
The Domestic segment’s revenues fell 8.2% to $8,996 million. This decline from the last fiscal year’s quarterly reading was mainly induced by a comparable sales decrease of 7.3%. From a merchandising perspective, comparable sales decreased in categories, with the primary drivers being appliances, computing, home theater and mobile phones, partially offset by growth in gaming. We expected revenues of $9,134.5 million from this segment.
The Domestic segment’s online revenues of $2.75 billion declined 9.3% year over year on a comparable basis. As a percentage of total domestic revenues, online revenues were 30.6% compared with 31% in the year-ago quarter.
The segment’s gross profit rate increased 100 bps to 22.9% due to better performance from the company’s membership offerings, including higher service margin rates, favorable product margin rates and lower supply chain expenses.
In the International segment, revenues fell 3.4% to $760 million, mainly due to a comparable sales decline of 1.9% and adverse foreign currency translations. The segment’s operating income came in at $18 million or 2.4% of revenues, lower than the $33 million or 4.2% of revenues reported in the year-ago quarter. Our estimate for revenues from the segment was pegged at $748 million.
Other Details
Best Buy ended the quarter with cash and cash equivalents of $636 million, long-term debt of $1,130 million and a total equity of $2,812 million.
At the end of the reported quarter, merchandise inventories of $7,562 million increased 3.7% from the year-ago quarter’s reading.
In the quarter, BBY returned about $313 million to its shareholders via dividends of $201 million and share repurchases of $112 million. The company’s board announced the payment of a regular quarterly cash dividend of 92 cents per share, payable on Jan 2, 2024, to shareholders of record as of Dec 12, 2023.
Guidance
For fiscal 2024, including 53 weeks, management projects revenues of $43.1-$43.7 billion and a comparable sales decline of 6-7.5%. Earlier, it anticipated revenues of $43.8-$44.5 billion, with a comparable sales decline of 4.5-6%.
The company expects a fiscal 2024 adjusted operating margin of 4-4.1% compared with the 3.9-4.1% mentioned earlier. For fiscal 2024, management anticipates an effective income tax rate of 24%. The company expects adjusted earnings per share (EPS) between $6.00 and $6.30 compared with the $6.00 and $6.40 guided earlier. Capital expenditure is anticipated to be $825 million.
For the fourth quarter of fiscal 2024, Best Buy anticipates comparable sales to decline by 3-7%. The adjusted operating income rate is expected to be in the range of 4.7-5%.
BBY’s guidance includes the impact of the 53rd week in the fiscal year. The 53rd week is expected to add about $700 million of revenue in the fiscal fourth quarter and boost the adjusted operating income rate by 10 basis points in the fiscal year.
Stocks to Consider
Some better-ranked stocks from the same sector are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Eagle Outfitters is a specialty retailer of casual apparel, accessories and footwear. The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal-year earnings and sales indicates growth of 37.1% and 2.4%, respectively, from the previous year’s reported figures. AEO has a trailing four-quarter average earnings surprise of 43.2%.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel. ANF delivered a significant earnings surprise in the last reported quarter. The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales implies growth of 10.3% from the previous year’s reported number. ANF has a trailing four-quarter average earnings surprise of 724.8%.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter average earnings surprise of 26.3%.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Best Buy Co., Inc. (BBY) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Some better-ranked stocks from the same sector are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy). Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures.
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Stocks to Consider Some better-ranked stocks from the same sector are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy). Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Best Buy Co., Inc. (BBY) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Best Buy Co., Inc. (BBY) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks from the same sector are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy). Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Stocks to Consider Some better-ranked stocks from the same sector are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK, each carrying a Zacks Rank #2 (Buy). Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures.
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01626998-db7a-4427-bb26-20e6630aa564
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723667.0
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2023-11-20 00:00:00 UTC
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Deckers Outdoor Corp. Shares Near 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-near-52-week-high-market-mover-6
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 0.6% below its 52 week high of $638.00, giving the company a market cap of $16B. The stock is currently up 57.7% year-to-date, up 67.7% over the past 12 months, and up 411.8% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 3.2%.
Trading Activity
Trading volume this week was 45.6% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -9612.5%
The company's stock price performance over the past 12 months beats the peer average by 2704.4%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 103.0% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.6% below its 52 week high of $638.00, giving the company a market cap of $16B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.6% below its 52 week high of $638.00, giving the company a market cap of $16B. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 3.2%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -9612.5% The company's stock price performance over the past 12 months beats the peer average by 2704.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 103.0% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.6% below its 52 week high of $638.00, giving the company a market cap of $16B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -9612.5% The company's stock price performance over the past 12 months beats the peer average by 2704.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 103.0% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.6% below its 52 week high of $638.00, giving the company a market cap of $16B. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 3.2%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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b13dc438-5be9-49ae-9b90-257fafb3afa2
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723668.0
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2023-11-20 00:00:00 UTC
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Here's Why You Must Buy American Eagle (AEO) Before Q3 Earnings
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DECK
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https://www.nasdaq.com/articles/heres-why-you-must-buy-american-eagle-aeo-before-q3-earnings
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nan
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nan
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American Eagle Outfitters, Inc. AEO is slated to report third-quarter fiscal 2023 results on Nov 21. The company looks poised for solid top and bottom-line results in the to-be-reported quarter. Its revenues are expected to have gained from brand strength and solid demand, driven by compelling products and exciting new marketing campaigns.
The company’s demand trends look favorable, owing to momentum in its leading brands and expansionary efforts into new markets. Strength in Aerie and a solid online show are expected to have contributed to top-line growth in the to-be-reported quarter. Additionally, the company’s revenues are expected to reap benefits from progress on its Real Power Real Growth value creation plan.
Innovation efforts, solid omnichannel capabilities, cost-reduction initiatives and focus on efficient inventory management are also likely to have boosted the Zacks Rank #1 (Strong Buy) company’s performance in the to-be-reported quarter.
American Eagle Outfitters, Inc. Price, Consensus and EPS Surprise
American Eagle Outfitters, Inc. price-consensus-eps-surprise-chart | American Eagle Outfitters, Inc. Quote
Factors Backing Growth in Q3
American Eagle has particularly been gaining from the solid performance of its Aerie brand, driven by strength across intimates, leggings, apparel, and beauty and accessories, as well as OFFLINE activewear. The brand has been on an extraordinary growth trajectory, as evidenced by its remarkable first-quarter fiscal 2023 performance. A solid online show is expected to have aided the fiscal third-quarter performance.
For the second half, the company anticipates a positive response to its early fall goods, which is likely to have a positive implication on fiscal third-quarter sales, particularly the Aerie brand. On the last reported quarter’searnings call management anticipated total revenues in the fiscal third quarter to grow in the low-single digits on a year-over-year basis.
Our model predicts third-quarter fiscal 2023 sales for the Aerie brand to increase 11.2% year over year. However, sales for the namesake brands are expected to decline 3.6% year over year.
Additionally, American Eagle’s profit improvement initiatives have been paying off. This, along with lower delivery, distribution and warehousing costs, are expected to have bolstered margins. Higher merchandising margins due to lower markdowns stemming from inventory control, and lower transportation and product costs are expected to have acted as tailwinds in the to-be-reported quarter.
AEO has envisioned a gross margin expansion for the second half of 2023, driven by lower freight and product costs, as well as reduced markdowns. It has also anticipated product costs and freight to act as tailwinds in the second half of 2023.
We expect the gross margin to expand 380 basis points (bps) year over year to 42.5% in the fiscal third quarter, suggesting a decline in the cost of sales due to lower freight expenses.
AEO has been on track with the Real Power, Real Growth value-creation plan. Its third-quarter fiscal 2023 performance is expected to have benefited from significant progress on its Real Power Real Growth value creation plan. The plan has been driving profitability through real estate and inventory-optimization efforts, omni-channel and customer focus, and investments to improve the supply chain. The company’s efforts under the plan have been aiding the recovery of the American Eagle brand.
Caution on Elevated Costs
American Eagle has been witnessing elevated corporate compensation, incentives and other corporate expenses, which have been partially offset by cost efficiencies. The increase in these expenses has been resulting in higher SG&A expenses. Rising costs and expenses are likely to have partly weighed on its margins and profitability in the to-be-reported quarter.
On the last reported quarter’searnings call management anticipated SG&A to increase in the mid-teens in the fiscal third quarter. Operating income was projected to be $115-$125 million.
We expect SG&A expenses to increase 16.2% year over year to $361.4 million in the fiscal third quarter. Meanwhile, SG&A expenses, as a percentage of sales, are expected to increase 370 bps.
Our model predicts an adjusted operating margin of 9.2%, down 30 bps from the year-ago quarter’s actual. In dollar terms, adjusted operating income is likely to have declined 2.1% year over year to $115.1 million.
Conclusion
The aforementioned factors indicate that American Eagle will deliver earnings and sales growth in the fiscal third quarter. We note that the Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $1.3 billion, which implies growth of 2.8% from the year-ago reported figure.
The Zacks Consensus Estimate for fiscal third-quarter earnings is pegged at 48 cents per share, suggesting 14.3% growth from the year-ago quarter's reported number. The Zacks Consensus Estimate for the to-be-reported quarter's earnings has moved up by a penny in the past 30 days.
Other Key Picks
Some other top-ranked stocks are Abercrombie & Fitch ANF, Deckers Outdoor DECK and Beacon Roofing Supply BECN.
Abercrombie & Fitch, a specialty retailer of premium, high-quality casual apparel, currently has a Zacks Rank #2 (Buy). ANF has a trailing four-quarter earnings surprise of 724.8%, on average.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ANF’s third-quarter fiscal 2023 earnings has moved up by a penny to $1.14 per share in the past seven days, indicating significant growth from the 1 cent reported in the year-ago quarter. The consensus mark for ANF’s quarterly revenues is pegged at $977.5 million, which suggests growth of 11.1% from the figure reported in the prior-year quarter.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Deckers Outdoor’s fourth-quarter 2023 sales and earnings suggests growth of 3.61% and 3.63%, respectively, from the year-ago reported numbers. DECK has a trailing four-quarter earnings surprise of 26.3%, on average.
Beacon Roofing is the largest publicly traded distributor of residential and non-residential roofing materials and complementary building products in the United States and Canada. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Beacon Roofing’s fourth-quarter 2023 sales and earnings implies improvements of 12.6% and 32%, respectively, from the year-ago period’s actuals. BECN has a trailing four-quarter earnings surprise of 11.1%, on average.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Key Picks Some other top-ranked stocks are Abercrombie & Fitch ANF, Deckers Outdoor DECK and Beacon Roofing Supply BECN. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The Zacks Consensus Estimate for Deckers Outdoor’s fourth-quarter 2023 sales and earnings suggests growth of 3.61% and 3.63%, respectively, from the year-ago reported numbers.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Key Picks Some other top-ranked stocks are Abercrombie & Fitch ANF, Deckers Outdoor DECK and Beacon Roofing Supply BECN. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Key Picks Some other top-ranked stocks are Abercrombie & Fitch ANF, Deckers Outdoor DECK and Beacon Roofing Supply BECN. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Other Key Picks Some other top-ranked stocks are Abercrombie & Fitch ANF, Deckers Outdoor DECK and Beacon Roofing Supply BECN. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The Zacks Consensus Estimate for Deckers Outdoor’s fourth-quarter 2023 sales and earnings suggests growth of 3.61% and 3.63%, respectively, from the year-ago reported numbers.
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667050e4-f3a1-482b-8f21-c9f4d72ac88b
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723669.0
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2023-11-20 00:00:00 UTC
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FOCUS-From Lululemon to Birkenstock, duplicate styles lure holiday shoppers
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DECK
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https://www.nasdaq.com/articles/focus-from-lululemon-to-birkenstock-duplicate-styles-lure-holiday-shoppers
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By Katherine Masters
NEW YORK, Nov 20 (Reuters) - Lauren Maginness is a fan of Lululemon LULU.O. But the 31-year-old product marketer in New York City is increasingly supplementing her activewear with less-pricey brand duplicates she picks up through e-commerce site Amazon.com AMZN.O.
One of her favorites: CRZ Yoga's $32 high-waisted yoga pants, resembling Lululemon’s popular $98 Align leggings. Maginness learned about CRZ from an influencer on short-video platform TikTok who describes herself as a former Lululemon employee.
As the holiday shopping season gets under way, top-sellers from Lululemon, Abercrombie & Fitch ANF.N, Birkenstock BIRK.N and Estee Lauder's EL.N Tom Ford perfume are competing for shoppers like Maginness and their growing love affair with TikTok-popularized "dupes" - sufficiently similar replicas of higher-priced products.
CRZ Yoga is doing brisk business, selling an average 88,633 pairs of the leggings a month and earning around $2.84 million in average monthly revenue, according to data from e-commerce analytics firm Jungle Scout. CRZ, which according to its website is owned by a Hong Kong trading company, did not respond to a request for comment.
Growing demand for lookalike products, coupled with a pullback in spending due to inflation, is cutting in to sales of some trendy, big-name products. “Dupes” have become so widely accepted, particularly among younger consumers, that Maginness said she would consider gifting a faux-Lululemon activewear set to a friend. “After all, you do have more room in the budget with the dupe,” she said.
Hashtag searches for dupes of major brands - including Skims underwear and Deckers' DECK.N Ugg boots - have been viewed millions of times on TikTok. Influencers accepting commissions regularly tout similar, alternate products from value retailers such as Walmart WMT.N, Target TGT.N and fragrance e-tailer Dossier.
Last week, "Passionate Penny Pincher," a discount blog that accepts commissions for sales, touted $29.99 Dearfoam shearling "Ugg dupe slippers" as holiday gifts in an email to followers. Department store chain Nordstrom JWN.N pitched original "Ugg slippers on everyone's gift list" for $115.
Dupes have become so widely available from such a broad range of sellers that experts say it is difficult to quantify how much market share they may steal from the original products this holiday season. Most at risk are brand-name perfumes, cosmetics and mid-tier clothing and footwear, particularly those "commodity" products that are easy to replicate, said Leslie Ghize, executive vice president of retail consulting firm Doneger Tobe.
Twenty-eight percent of U.S. consumers said they plan to give a beauty product such as perfume as a holiday gift and 55% plan to give clothing, shoes or accessories, according to a survey of 3,429 people by Circana Inc.
Lululemon, whose revenue rose 18% in the second quarter compared with a year earlier, launched a two-day “dupe swap” promotion in Los Angeles in May where shoppers could trade lookalikes for Align leggings. Lululemon declined to comment. Chief Executive Officer Calvin McDonald told investors in June that roughly half of shoppers who attended the dupe swap were under 30 and new to Lululemon.
FROM FAST FASHION TO E-COMMERCE
Experts say the current excitement over dupes traces back to the start of fast fashion. Inditex ITX.MC-owned Zara, which opened its first store in 1975, made a business of replicating luxury designs. Its shorter production cycles allowed more styles to enter the market quickly, sparking "the habit of shopping more frequently," said Ian Taplin, a professor at Wake Forest University.
E-commerce platforms Amazon, eBay EBAY.O, Shopify SHOP.TO and Etsy ETSY.O helped dupe sales accelerate, by making it easy to compare prices on similar goods. Newer technologies like the Google Lens app allow people to take photos of items they like and find similar products for sale.
For prospective dupe-makers, the Chinese marketplace Alibaba 9988.HK makes it simple to find and hire manufacturers. Some manufacturers use the same materials and fabrics as big-name brands, said Juozas Kaziukenas, founder of e-commerce analytics firm Marketplace Pulse.
In other cases, dupe sellers opt to replicate the look of higher-priced originals with cheaper materials to maximize profit.
Either way, sellers on shopping platforms like Amazon typically do not have the same overhead costs as retailers with brick-and-mortar locations, allowing them to bring goods to shoppers more cheaply. "They might not be exactly the same, but they're much cheaper," Kaziukenas said.
Thirty to 49% of shoppers have been disappointed with "dupes" purchased online, according to a survey of 3,000 millennial and Gen-Z consumers conducted by consumer review platform Trustpilot across the U.S., UK and Italy.
Amazon spokesperson Maria Boschetti said the company does not allow its sellers to use the words “dupe,” “fake” or “faux” connected to a brand name when describing their products on the site. However, it cannot always keep up with sellers who violate the rule, according to Mike Scheschuk, president of small and medium business at Jungle Scout.
As of last Wednesday, multiple products available on Amazon appeared to violate the policy, including a pair of clogs listed as "dupes" of a popular style by Birkenstock and priced more than $100 below than the original.
A spokesperson for Birkenstock said it "takes the issue of brand and product piracy very seriously" and takes a "rigorous approach" to defending its intellectual property. However, experts say dupe sellers have grown increasingly skilled at avoiding brand logos and other design features that could infringe existing patents or copyrights.
Commoditization allows 'dupes' to flourish https://tmsnrt.rs/3FTmXiP
(Reporting by Katherine Masters in New York Additional reporting by Dorothy Kam in Hong Kong Editing by Vanessa O'Connell, Rod Nickel and Matthew Lewis)
((Katherine.Masters@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Hashtag searches for dupes of major brands - including Skims underwear and Deckers' DECK.N Ugg boots - have been viewed millions of times on TikTok. As the holiday shopping season gets under way, top-sellers from Lululemon, Abercrombie & Fitch ANF.N, Birkenstock BIRK.N and Estee Lauder's EL.N Tom Ford perfume are competing for shoppers like Maginness and their growing love affair with TikTok-popularized "dupes" - sufficiently similar replicas of higher-priced products. Last week, "Passionate Penny Pincher," a discount blog that accepts commissions for sales, touted $29.99 Dearfoam shearling "Ugg dupe slippers" as holiday gifts in an email to followers.
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Hashtag searches for dupes of major brands - including Skims underwear and Deckers' DECK.N Ugg boots - have been viewed millions of times on TikTok. CRZ Yoga is doing brisk business, selling an average 88,633 pairs of the leggings a month and earning around $2.84 million in average monthly revenue, according to data from e-commerce analytics firm Jungle Scout. Last week, "Passionate Penny Pincher," a discount blog that accepts commissions for sales, touted $29.99 Dearfoam shearling "Ugg dupe slippers" as holiday gifts in an email to followers.
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Hashtag searches for dupes of major brands - including Skims underwear and Deckers' DECK.N Ugg boots - have been viewed millions of times on TikTok. As the holiday shopping season gets under way, top-sellers from Lululemon, Abercrombie & Fitch ANF.N, Birkenstock BIRK.N and Estee Lauder's EL.N Tom Ford perfume are competing for shoppers like Maginness and their growing love affair with TikTok-popularized "dupes" - sufficiently similar replicas of higher-priced products. Twenty-eight percent of U.S. consumers said they plan to give a beauty product such as perfume as a holiday gift and 55% plan to give clothing, shoes or accessories, according to a survey of 3,429 people by Circana Inc. Lululemon, whose revenue rose 18% in the second quarter compared with a year earlier, launched a two-day “dupe swap” promotion in Los Angeles in May where shoppers could trade lookalikes for Align leggings.
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Hashtag searches for dupes of major brands - including Skims underwear and Deckers' DECK.N Ugg boots - have been viewed millions of times on TikTok. By Katherine Masters NEW YORK, Nov 20 (Reuters) - Lauren Maginness is a fan of Lululemon LULU.O. CRZ Yoga is doing brisk business, selling an average 88,633 pairs of the leggings a month and earning around $2.84 million in average monthly revenue, according to data from e-commerce analytics firm Jungle Scout.
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6da12fec-e782-4cf4-8338-6b0245cefc91
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723670.0
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2023-11-19 00:00:00 UTC
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Deckers Outdoor Corp. Shares Close in on 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-close-in-on-52-week-high-market-mover-8
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 1.3% below its 52 week high of $638.00, giving the company a market cap of $15B. The stock is currently up 55.5% year-to-date, up 65.3% over the past 12 months, and up 402.9% over the past five years. This week, the Dow Jones Industrial Average rose 2.1%, and the S&P 500 rose 2.3%.
Trading Activity
Trading volume this week was 48.5% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -3302.6%
The company's stock price performance over the past 12 months beats the peer average by 5261.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 102.0% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.3% below its 52 week high of $638.00, giving the company a market cap of $15B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.3% below its 52 week high of $638.00, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average rose 2.1%, and the S&P 500 rose 2.3%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -3302.6% The company's stock price performance over the past 12 months beats the peer average by 5261.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 102.0% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.3% below its 52 week high of $638.00, giving the company a market cap of $15B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -3302.6% The company's stock price performance over the past 12 months beats the peer average by 5261.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 102.0% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Deckers Outdoor Corp. (DECK) shares closed today at 1.3% below its 52 week high of $638.00, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average rose 2.1%, and the S&P 500 rose 2.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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3f807aa5-3d98-4e31-8689-9ab416dcd151
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723671.0
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2023-11-18 00:00:00 UTC
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Truist Securities Initiates Coverage of Deckers Outdoor (DECK) with Buy Recommendation
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DECK
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https://www.nasdaq.com/articles/truist-securities-initiates-coverage-of-deckers-outdoor-deck-with-buy-recommendation
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Fintel reports that on November 17, 2023, Truist Securities initiated coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
Analyst Price Forecast Suggests 3.41% Upside
As of November 1, 2023, the average one-year price target for Deckers Outdoor is 641.70. The forecasts range from a low of 505.00 to a high of $787.50. The average price target represents an increase of 3.41% from its latest reported closing price of 620.51.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 2.05%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1255 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 50 owner(s) or 4.15% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.36%, a decrease of 9.15%. Total shares owned by institutions increased in the last three months by 0.03% to 29,305K shares.
The put/call ratio of DECK is 1.28, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 822K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing an increase of 0.65%. The firm increased its portfolio allocation in DECK by 9.00% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 800K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 813K shares, representing a decrease of 1.70%. The firm increased its portfolio allocation in DECK by 10.55% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.86% ownership of the company. In it's prior filing, the firm reported owning 735K shares, representing a decrease of 0.11%. The firm decreased its portfolio allocation in DECK by 7.93% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 681K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 690K shares, representing a decrease of 1.37%. The firm increased its portfolio allocation in DECK by 10.16% over the last quarter.
Wellington Management Group Llp holds 679K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 700K shares, representing a decrease of 3.04%. The firm decreased its portfolio allocation in DECK by 85.79% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on November 17, 2023, Truist Securities initiated coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 3.41% Upside As of November 1, 2023, the average one-year price target for Deckers Outdoor is 641.70. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 2.05%.
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Fintel reports that on November 17, 2023, Truist Securities initiated coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 3.41% Upside As of November 1, 2023, the average one-year price target for Deckers Outdoor is 641.70. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 2.05%.
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Fintel reports that on November 17, 2023, Truist Securities initiated coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation. Analyst Price Forecast Suggests 3.41% Upside As of November 1, 2023, the average one-year price target for Deckers Outdoor is 641.70. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 2.05%.
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Analyst Price Forecast Suggests 3.41% Upside As of November 1, 2023, the average one-year price target for Deckers Outdoor is 641.70. The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 2.05%. Average portfolio weight of all funds dedicated to DECK is 0.36%, a decrease of 9.15%.
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7c28f7b4-246d-4ca5-bf32-61cbec8cb03e
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723672.0
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2023-11-17 00:00:00 UTC
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Shoe Carnival (SCVL) Q3 Earnings Miss Estimates, Decline Y/Y
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DECK
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https://www.nasdaq.com/articles/shoe-carnival-scvl-q3-earnings-miss-estimates-decline-y-y
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nan
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nan
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Shoe Carnival, Inc. SCVL posted third-quarter fiscal 2023 results, wherein both the top and bottom lines fell short of their respective Zacks Consensus Estimate. The figures also declined year over year.
SCVL announced a prosperous Back-to-School season, characterized by significant growth in the children's business, double-digit expansion within the Shoe Station banner, and sustained market share gains in the family footwear channel. Nevertheless, the company faced a performance downturn post-Labor Day, falling short of expectations due to consistently hot and dry weather impacting seasonal sales and a slow commencement of the boot season.
Despite these transient challenges, Shoe Carnival remains well-positioned with robust financial strength. This positions the company favorably for the pursuit of further growth initiatives and opportunities for mergers and acquisitions (M&A) in fiscal 2024.
Shoe Carnival, Inc. Price, Consensus and EPS Surprise
Shoe Carnival, Inc. price-consensus-eps-surprise-chart | Shoe Carnival, Inc. Quote
Q3 in Detail
The Zacks Rank #4 (Sell) company reported earnings per share of 80 cents, which missed the Zacks Consensus Estimate of 97 cents. The figure was also down from $1.18 registered in the year-ago quarter.
Net sales amounted to $319.9 million, down 6.4% year over year. Also, the top line missed the Zacks Consensus Estimate of $322 million. Comparable store sales declined 7.4% year over year, primarily due to softening trends post-Labor Day.
On a positive note, the Shoe Station banner reported a low double-digit increase in net sales, driven by new stores and the launch of the Shoe Station e-commerce site in early 2023. The company's total e-commerce sales grew nearly 10% year over year in third-quarter fiscal 2023, showcasing success in digital marketing and CRM investments.
Gross profit increased 10% year over year to $117.7 million. We note that the gross margin contracted 150 basis points (bps) to 36.8% from the prior-year period’s level. This decline can be primarily attributed to unseasonable fall weather.
Selling, general and administrative expenses increased 2.9% year over year to $89.8 million. As a percentage of net sales, selling, general and administrative expenses deleveraged 260 bps year over year to 28.1% in the fiscal third quarter, primarily driven by augmented advertising investment.
Image Source: Zacks Investment Research
Store Update
As of Oct 28, 2023, the company reached a milestone with the opening of its 401st store, consisting of 373 Shoe Carnival and 28 Shoe Station stores.
Continuing its commitment to modernization, SCVL is engaged in a multi-year remodel program. As of Oct 28, the modernization of 55% of the fleet had been completed, with expectations to approach two-thirds completion by the summer of fiscal 2024.
Looking ahead, Shoe Carnival has set ambitious goals, aiming to surpass 500 stores and become a multi-billion-dollar retailer by fiscal 2028. This strategic vision includes plans for organic growth and strategic M&A activities.
Other Financials
At the end of the third quarter, SCVL had $71 million in cash, cash equivalents and marketable securities, along with a borrowing capacity of $100 million. Net cash provided by operating activities at the end of the fiscal third quarter was $69.4 million.
The board of directors approved a 20% dividend increase in September 2023. The dividend, paid on Oct 17, 2023, marked a 166% increase from the third-quarter fiscal 2020 level. The company has paid 46 consecutive quarterly dividends.
Shoe Carnival bought back 230,696 shares during the quarter at an average price of $23.60 per share, totaling $5.4 million. As of Oct 28, 2023, $44.6 million remained available for future repurchases under the $50 million share repurchase program, contingent on appropriateness.
Fiscal 2023 Outlook
Management revised its fiscal 2023 guidance, taking into account that the softer-than-expected start to fall seasonal categories persisted into November. Furthermore, there is uncertainty surrounding customer holiday shopping, and broader macroeconomic conditions remain volatile.
Shoe Carnival expects net sales in the range of $1.16-$1.18 billion versus the earlier mentioned band of $1.19-$1.21 billion. The company delivered net sales of $1.26 billion in fiscal 2022. It predicts earnings per share (EPS) in the $2.65-$2.75 range compared with the earlier estimated band of $3.10-$3.25. SCVL reported EPS of $3.96 in fiscal 2022.
Comparable store sales are likely to decline 8.5-9.5%. The gross margin is anticipated to be 36%, while SG&A is projected to be in the band of $323-$327 million. Operating income is expected to be in the $92-$96 million range for fiscal 2023.
In the past six months, shares of SCVL have lost 6.1% against the industry's growth of 12.1%.
3 Promising Stocks
A few better-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK.
American Eagle Outfitters is a specialty retailer of casual apparel, accessories and footwear. It sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal-year earnings and sales indicates growth of 37.1% and 2.4%, respectively, from the previous year’s reported figures. AEO has a trailing four-quarter average earnings surprise of 43.2%.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel. The company currently carries a Zacks Rank #2 (Buy). ANF delivered a significant earnings surprise in the last reported quarter.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales implies growth of 10.3% from the previous year’s reported number. ANF has a trailing four-quarter average earnings surprise of 724.8%.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for the company’s current fiscal-year earnings and sales indicates growth of 20.8% and 11.2%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter average earnings surprise of 26.3%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Shoe Carnival, Inc. (SCVL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3 Promising Stocks A few better-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK has a trailing four-quarter average earnings surprise of 26.3%.
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3 Promising Stocks A few better-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Shoe Carnival, Inc. (SCVL) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Shoe Carnival, Inc. (SCVL) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Promising Stocks A few better-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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3 Promising Stocks A few better-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK has a trailing four-quarter average earnings surprise of 26.3%.
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fe396df6-b577-4792-8d94-d2efc20032d2
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723673.0
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2023-11-17 00:00:00 UTC
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The Zacks Analyst Blog Highlights American Eagle Outfitters, Amazon.com, Deckers Outdoor, Walmart and Tripadvisor
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DECK
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-american-eagle-outfitters-amazon.com-deckers-outdoor
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nan
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For Immediate Release
Chicago, IL – November 17, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: American Eagle Outfitters, Inc. AEO, Amazon.com, Inc. (AMZN), Deckers Outdoor Corp. DECK, Walmart, Inc. (WMT) and Tripadvisor, Inc. (TRIP).
Here are highlights from Thursday’s Analyst Blog:
5 Solid Retail Stocks to Buy Ahead of Holiday Season
The retail sector is trying to stage a solid recovery amid existing inflationary pressures. However, retail sales declined marginally in October, the first time in seven months. Even then, the retail sector has immense potential, and with inflation declining steadily and the holiday season approaching, the sector is poised to do well.
Given this situation, stocks like American Eagle Outfitters, Inc., Amazon.com, Inc., Deckers Outdoor Corp., Walmart, Inc. and Tripadvisor, Inc. are expected to benefit in the near term.
Retail Sector Fighting Back
The Commerce Department said on Nov 15 that retail sales declined marginally by 0.1% in October. However, the reading came in a lot better than economists’ forecast of a decline of 0.3%.
October’s decline follows a 0.9% jump in retail sales in September. Moreover, retail sales have declined for the first time since March.
Higher demand fueled by robust spending had been driving retail sales. However, personal spending slowed in October, which hampered retail sales.
Despite the decline, consumers spent aggressively at restaurants and supermarkets, with sales rising 0.3% and 0.7% in October, respectively.
Retailers are now looking forward to the upcoming holiday season, which is one of the year’s most important shopping windows. Although sales declined marginally in October, holiday sales are projected to grow this year, too.
According to the National Retail Federation, holiday sales are projected to jump 3-4% to $957.3-$966.6 billion this year.
The NRF projects that sales from online and other non-store channels will increase by 7% to 9%, totaling $273.7 billion to $278.8 billion.
U.S. third-quarter GDP rose a solid 4.9%, more than double the increase in the second quarter, reflecting the underlying strength in the economy.
Inflation, too, has been declining sharply. The Consumer Price Index (CPI) rose 3.2% year over year in October, declining from September’s rise of 3.7%. Core CPI, which excludes energy and food prices, increased 4% year over year in October. Month over month, Core CPI increased 0.4%.
Also, the Fed kept interest rates unchanged in its last two FOMC meetings to the current range of 5.25-5.5%. This has raised expectations that the Fed might soon end its monetary tightening cycle. This bodes well for the retail sector.
Our Choices
Given this scenario, retail stocks are expected to benefit in the near term. We've identified five retail stocks that exhibit a Zacks Rank of #1 (Strong Buy) or 2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
American Eagle Outfitters, Inc. is a specialty retailer of casual apparel, accessories and footwear for men and women aged 15-25 years. AEO, along with its subsidiaries, engages in the designing and marketing of casual clothing. American Eagle Outfitters’ assortment includes jeans, cargo pants, graphic T-shirts, and a range of accessories, outerwear and footwear.
American Eagle Outfitters’ expected earnings growth rate for the current year is 36.1%. The Zacks Consensus Estimate for current-year earnings has improved 4.8% over the past 60 days. AEO presently sports a Zacks Rank #1.
Amazon.com, Inc. is one of the largest e-commerce providers, with sprawling operations in North America and across the globe. AMZN’s online retail business revolves around the Prime program, well supported by the company’s massive distribution network. Further, the Whole Foods Market acquisition helped Amazon establish its footprint in the physical grocery supermarket space.
Amazon.com’s expected earnings growth rate for the current year is 276.1%. The Zacks Consensus Estimate for current-year earnings has improved 19.7% over the past 60 days. AMZN presently carries a Zacks Rank #2.
Deckers Outdoor Corp. is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk and Other brands (mainly comprising Koolaburra).
Deckers Outdoor’s expected earnings growth rate for the current year is 20.8%. The Zacks Consensus Estimate for current-year earnings has improved 4.5% over the past 60 days. DECK currently has a Zacks Rank #2.
Walmart has evolved from just being a traditional brick-and-mortar retailer into an omnichannel player. WMT’s product offerings include almost everything from grocery to cosmetics, electronics to stationery, home furnishings to health and wellness products, and apparel to entertainment products, to name a few.
Walmart’s expected earnings growth rate for the current year is 2.7%. The Zacks Consensus Estimate for current-year earnings has improved 0.5% over the past 60 days. WMT presently carries a Zacks Rank #2.
Tripadvisor, Inc. is one of the largest online travel research companies in the world. It provides a platform for users to share reviews, ratings and opinions on hotels, destinations, attractions and restaurants. TRIP also facilitates bookings between hotel suppliers and consumers using its web portals.
Tripadvisor’s expected earnings growth rate for the current year is 48%. The Zacks Consensus Estimate for current-year earnings has improved 5.7% over the past 60 days. TRIP currently has a Zacks Rank #2.
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Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Walmart Inc. (WMT) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
TripAdvisor, Inc. (TRIP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: American Eagle Outfitters, Inc. AEO, Amazon.com, Inc. (AMZN), Deckers Outdoor Corp. DECK, Walmart, Inc. (WMT) and Tripadvisor, Inc. (TRIP). Given this situation, stocks like American Eagle Outfitters, Inc., Amazon.com, Inc., Deckers Outdoor Corp., Walmart, Inc. and Tripadvisor, Inc. are expected to benefit in the near term. Deckers Outdoor Corp. is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Stocks recently featured in the blog include: American Eagle Outfitters, Inc. AEO, Amazon.com, Inc. (AMZN), Deckers Outdoor Corp. DECK, Walmart, Inc. (WMT) and Tripadvisor, Inc. (TRIP). Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report TripAdvisor, Inc. (TRIP) : Free Stock Analysis Report To read this article on Zacks.com click here. Given this situation, stocks like American Eagle Outfitters, Inc., Amazon.com, Inc., Deckers Outdoor Corp., Walmart, Inc. and Tripadvisor, Inc. are expected to benefit in the near term.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report TripAdvisor, Inc. (TRIP) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: American Eagle Outfitters, Inc. AEO, Amazon.com, Inc. (AMZN), Deckers Outdoor Corp. DECK, Walmart, Inc. (WMT) and Tripadvisor, Inc. (TRIP). Given this situation, stocks like American Eagle Outfitters, Inc., Amazon.com, Inc., Deckers Outdoor Corp., Walmart, Inc. and Tripadvisor, Inc. are expected to benefit in the near term.
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Stocks recently featured in the blog include: American Eagle Outfitters, Inc. AEO, Amazon.com, Inc. (AMZN), Deckers Outdoor Corp. DECK, Walmart, Inc. (WMT) and Tripadvisor, Inc. (TRIP). Given this situation, stocks like American Eagle Outfitters, Inc., Amazon.com, Inc., Deckers Outdoor Corp., Walmart, Inc. and Tripadvisor, Inc. are expected to benefit in the near term. Deckers Outdoor Corp. is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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17a8744c-8a86-4e4b-b101-b6a939a54a17
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723674.0
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2023-11-16 00:00:00 UTC
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5 Solid Retail Stocks to Buy Ahead of Holiday Season
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DECK
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https://www.nasdaq.com/articles/5-solid-retail-stocks-to-buy-ahead-of-holiday-season
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nan
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nan
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The retail sector is trying to stage a solid recovery amid existing inflationary pressures. However, retail sales declined marginally in October, the first time in seven months. Even then, the retail sector has immense potential, and with inflation declining steadily and the holiday season approaching, the sector is poised to do well.
Given this situation, stocks like American Eagle Outfitters, Inc. AEO, Amazon.com, Inc. AMZN, Deckers Outdoor Corporation DECK, Walmart, Inc. WMT and Tripadvisor, Inc. TRIP are expected to benefit in the near term.
Retail Sector Fighting Back
The Commerce Department said on Nov 15 that retail sales declined marginally by 0.1% in October. However, the reading came in a lot better than economists’ forecast of a decline of 0.3%.
October’s decline follows a 0.9% jump in retail sales in September. Moreover, retail sales have declined for the first time since March.
Higher demand fueled by robust spending had been driving retail sales. However, personal spending slowed in October, which hampered retail sales.
Despite the decline, consumers spent aggressively at restaurants and supermarkets, with sales rising 0.3% and 0.7% in October, respectively.
Retailers are now looking forward to the upcoming holiday season, which is one of the year’s most important shopping windows. Although sales declined marginally in October, holiday sales are projected to grow this year, too.
According to the National Retail Federation, holiday sales are projected to jump 3-4% to $957.3-$966.6 billion this year.
The NRF projects that sales from online and other non-store channels will increase by 7% to 9%, totaling $273.7 billion to $278.8 billion.
U.S. third-quarter GDP rose a solid 4.9%, more than double the increase in the second quarter, reflecting the underlying strength in the economy.
Inflation, too, has been declining sharply. The Consumer Price Index (CPI) rose 3.2% year over year in October, declining from September’s rise of 3.7%. Core CPI, which excludes energy and food prices, increased 4% year over year in October. Month over month, Core CPI increased 0.4%.
Also, the Fed kept interest rates unchanged in its last two FOMC meetings to the current range of 5.25-5.5%. This has raised expectations that the Fed might soon end its monetary tightening cycle. This bodes well for the retail sector.
Our Choices
Given this scenario, retail stocks are expected to benefit in the near term. We've identified five retail stocks that exhibit a Zacks Rank of #1 (Strong Buy) or 2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
American Eagle Outfitters, Inc. is a specialty retailer of casual apparel, accessories and footwear for men and women aged 15-25 years. AEO, along with its subsidiaries, engages in the designing and marketing of casual clothing. American Eagle Outfitters’ assortment includes jeans, cargo pants, graphic T-shirts, and a range of accessories, outerwear and footwear.
American Eagle Outfitters’ expected earnings growth rate for the current year is 36.1%. The Zacks Consensus Estimate for current-year earnings has improved 4.8% over the past 60 days. AEO presently sports a Zacks Rank #1.
Amazon.com, Inc. is one of the largest e-commerce providers, with sprawling operations in North America and across the globe. AMZN’s online retail business revolves around the Prime program, well supported by the company’s massive distribution network. Further, the Whole Foods Market acquisition helped Amazon establish its footprint in the physical grocery supermarket space.
Amazon.com’sexpected earnings growth rate for the current year is 276.1%. The Zacks Consensus Estimate for current-year earnings has improved 19.7% over the past 60 days. AMZN presently carries a Zacks Rank #2.
Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk and Other brands (mainly comprising Koolaburra).
Deckers Outdoor’sexpected earnings growth rate for the current year is 20.8%. The Zacks Consensus Estimate for current-year earnings has improved 4.5% over the past 60 days. DECK currently has a Zacks Rank #2.
Walmart has evolved from just being a traditional brick-and-mortar retailer into an omnichannel player. WMT’s product offerings include almost everything from grocery to cosmetics, electronics to stationery, home furnishings to health and wellness products, and apparel to entertainment products, to name a few.
Walmart’s expected earnings growth rate for the current year is 2.7%. The Zacks Consensus Estimate for current-year earnings has improved 0.5% over the past 60 days. WMT presently carries a Zacks Rank #2.
Tripadvisor, Inc. is one of the largest online travel research companies in the world. It provides a platform for users to share reviews, ratings and opinions on hotels, destinations, attractions and restaurants. TRIP also facilitates bookings between hotel suppliers and consumers using its web portals.
Tripadvisor’s expected earnings growth rate for the current year is 48%. The Zacks Consensus Estimate for current-year earnings has improved 5.7% over the past 60 days. TRIP currently has a Zacks Rank #2.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Walmart Inc. (WMT) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
TripAdvisor, Inc. (TRIP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given this situation, stocks like American Eagle Outfitters, Inc. AEO, Amazon.com, Inc. AMZN, Deckers Outdoor Corporation DECK, Walmart, Inc. WMT and Tripadvisor, Inc. TRIP are expected to benefit in the near term. Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk and Other brands (mainly comprising Koolaburra).
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Given this situation, stocks like American Eagle Outfitters, Inc. AEO, Amazon.com, Inc. AMZN, Deckers Outdoor Corporation DECK, Walmart, Inc. WMT and Tripadvisor, Inc. TRIP are expected to benefit in the near term. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report TripAdvisor, Inc. (TRIP) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report TripAdvisor, Inc. (TRIP) : Free Stock Analysis Report To read this article on Zacks.com click here. Given this situation, stocks like American Eagle Outfitters, Inc. AEO, Amazon.com, Inc. AMZN, Deckers Outdoor Corporation DECK, Walmart, Inc. WMT and Tripadvisor, Inc. TRIP are expected to benefit in the near term. Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Given this situation, stocks like American Eagle Outfitters, Inc. AEO, Amazon.com, Inc. AMZN, Deckers Outdoor Corporation DECK, Walmart, Inc. WMT and Tripadvisor, Inc. TRIP are expected to benefit in the near term. Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk and Other brands (mainly comprising Koolaburra).
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e4edb41b-6682-4b54-babd-ebc2e9b137a8
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723675.0
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2023-11-16 00:00:00 UTC
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If You Invested $1000 in Deckers a Decade Ago, This is How Much It'd Be Worth Now
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DECK
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https://www.nasdaq.com/articles/if-you-invested-%241000-in-deckers-a-decade-ago-this-is-how-much-itd-be-worth-now-0
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nan
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nan
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How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today?
Deckers' Business In-Depth
With that in mind, let's take a look at Deckers' main business drivers.
Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The company sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk and Other brands (mainly comprised of Koolaburra).
Its products are sold through specialty domestic retailers, international distributors and directly to end-users through its websites and catalogs. The company sells directly to global consumers through the Direct-to-Consumer (DTC) channel, which is comprised of e-commerce websites and retail stores. The brands are sold worldwide, including in the United States, Canada, Europe, Asia-Pacific and Latin America.
The UGG brand (55.9% of Q2 fiscal 24 total revenues) has proven to be a highly resilient line of premium footwear, apparel and accessories with expanded product offerings. The company intends to continue diversifying the brand to drive year-round product sales through the expansion of women’s spring and summer footwear, men’s products and apparel, home goods and accessories.
The HOKA brand (38.8% of Q2 fiscal 24 total revenues) is an authentic, premium line of year-round performance footwear, apparel and accessories.
The Teva brand’s product line (2% of Q2 fiscal 24 total revenues) includes a range of performance, casual, footwear and trail lifestyle products.
The Sanuk brand (0.5% of Q2 fiscal 24 total revenues) has manifested into a lifestyle brand with a presence in the relaxed casual shoe and sandal categories.
The company's Other brands (2.8% of Q2 fiscal 24 total revenues) is a casual footwear fashion line using sheepskin and other plush materials.
(Notes: Zacks identifies fiscal years by the month in which the fiscal year ends, while DECK identifies its fiscal year by the calendar year in which it begins; so comparable figures for any given fiscal year, as published by DECK, will refer to this same fiscal year as being the year before the same year, as identified by Zacks.)
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Deckers, if you bought shares a decade ago, you're likely feeling really good about your investment today.
According to our calculations, a $1000 investment made in November 2013 would be worth $8,034.69, or a 703.47% gain, as of November 16, 2023. Investors should keep in mind that this return excludes dividends but includes price appreciation.
The S&P 500 rose 150.41% and the price of gold increased 46.17% over the same time frame in comparison.
Looking ahead, analysts are expecting more upside for DECK.
Shares of Deckers have risen and outpaced the industry in the past six months. The company put on another impressive show in second-quarter fiscal 2024. The quarter marked the eighth straight positive sales and earnings surprise. Both the top and bottom lines grew year over year. Strength in the UGG and HOKA brands contributed to the results. Solid gains from the direct-to-consumer (“DTC”) channels, brand growth, a strong balance sheet and a stable operating model poise Deckers well for success. Solid momentum in its global wholesale business, driven by robust consumer demand in both domestic and international markets, appears encouraging as well. It envisions fiscal 2024 net sales to increase 11% from the prior year quarter. However, weakness across the Teva and Sanuk brands, along with rising expenses, might affect its performance.
The stock is up 23.51% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 10 higher, for fiscal 2023. The consensus estimate has moved up as well.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Solid gains from the direct-to-consumer (“DTC”) channels, brand growth, a strong balance sheet and a stable operating model poise Deckers well for success. What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today?
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today?
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(Notes: Zacks identifies fiscal years by the month in which the fiscal year ends, while DECK identifies its fiscal year by the calendar year in which it begins; so comparable figures for any given fiscal year, as published by DECK, will refer to this same fiscal year as being the year before the same year, as identified by Zacks.) What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today?
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What if you'd invested in Deckers (DECK) ten years ago? It may not have been easy to hold on to DECK for all that time, but if you did, how much would your investment be worth today? Deckers' Business In-Depth With that in mind, let's take a look at Deckers' main business drivers.
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f1638194-fb0b-4a82-b60b-756c8fc75cc5
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723676.0
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2023-11-16 00:00:00 UTC
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MINISO (MNSO) Focuses on Expansion, Unveils 20 New Stores
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DECK
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https://www.nasdaq.com/articles/miniso-mnso-focuses-on-expansion-unveils-20-new-stores
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nan
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nan
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MINISO Group Holding Limited MNSO expanded its presence in the United States by unveiling over 20 new stores across more than 20 states. The company's robust expansion in the world's largest economy includes entering 10 new states in the current year — Michigan, Oregon, South Carolina, Arizona, Connecticut, Louisiana, Maine, Georgia, Indiana and Oklahoma.
In October 2023, MINISO opened five new stores, including one in Castleton Square Mall, the largest shopping center in Indiana. This marked the company’s inaugural store in Indiana, covering an area of approximately 3,500 square feet.
MNSO’s expansion efforts extend to the central region of the United States, where the brand opened its first stores in Louisiana (at the Mall of Louisiana), Baton Rouge and Michigan (at the Great Lakes Crossing), the state's largest indoor outlet shopping center and entertainment venue.
The company continues to strengthen its presence in key shopping destinations, securing prime retail spaces in the Fashion Show in Nevada and Northridge Fashion Center in California. The Fashion Show retail space, known as one of the largest shopping malls in the United States, spreads across nearly 3,000 square feet.
Image Source: Zacks Investment Research
What’s More?
MINISO plans to further expand its footprint by entering two new states, North Carolina and New Hampshire, before fiscal 2024. These strategic locations align with its trend of selecting major areas, such as shopping malls, business districts, transportation hubs and community centers, to enhance brand visibility and attract a diverse customer base.
As of June 2023, MINISO operated around 5,800 stores worldwide, with more than 2,200 stores located overseas. The U.S. market has become a vital directly operated market for the company, with the Gross Merchandise Value (GMV) per store nearly doubling from the pre-COVID levels. The company has consistently set new sales records since the grand opening of its global flagship store at Times Square in New York in May.
MINISO plans to open at least 15 more stores in the United States by the end of fiscal 2024, as part of its continued expansion strategy. The company is also pursuing a brand upgrade policy, introducing concepts like Super Store, Super IP and Super Product, and showcasing these initiatives at its global flagship store in Times Square.
Additionally, MNSO has rolled out products featuring popular IPs such as Barbie, Snoopy, Disney 100 and Sanrio as part of its strategy to offer aesthetically pleasing and functional products to American consumers.
MINISO’s focus on store expansion and product introductions is likely to fuel its growth. Shares of this Zacks Rank #2 (Buy) company have risen 170.1% in the past year compared with the industry’s growth of 5.5%.
Other Stocks to Consider
A few other top-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK.
American Eagle Outfitters is a specialty retailer of casual apparel, accessories and footwear. It sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal-year earnings and sales indicates growth of 36.1% and 2.4%, respectively, from the previous year’s reported figures. AEO has a trailing four-quarter average earnings surprise of 43.2%.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel. The company currently carries a Zacks Rank #2. ANF delivered a significant earnings surprise in the last reported quarter.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales implies growth of 10.3% from the previous year’s reported number. ANF has a trailing four-quarter average earnings surprise of 724.8%.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.8% and 11.1%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter average earnings surprise of 26.3%.
7 Best Stocks for the Next 30 Days
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See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider A few other top-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.8% and 11.1%, respectively, from the previous year’s reported figures.
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Other Stocks to Consider A few other top-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider A few other top-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Other Stocks to Consider A few other top-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.8% and 11.1%, respectively, from the previous year’s reported figures.
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cff9f63e-d6ef-46d9-a632-1e76ed43eb06
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723677.0
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2023-11-15 00:00:00 UTC
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Skechers (SKX) Thrives on DTC Growth & Product Innovation
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DECK
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https://www.nasdaq.com/articles/skechers-skx-thrives-on-dtc-growth-product-innovation
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nan
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nan
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Skechers U.S.A., Inc.’s SKX investment strategy aligns with key priorities such as increasing brand presence globally, expanding the direct-to-consumer (DTC) business and bolstering omnichannel capabilities.
Widening Product Offerings
Skechers remains committed to providing a diverse offering, encompassing fashion, athletic, non-athletic, and work footwear, all at attractive price points. Notably, the company recently emphasized comfort-centric footwear and apparel to align with the growing trend of consumers adopting a more relaxed lifestyle in both work and casual settings.
Skechers unveiled three capsules from the Snoop Dogg collaboration, expanding its presence in North America, Europe and key markets. The partnership, alongside collaborations with Martha Stewart and the Rolling Stones, enhanced brand visibility. Its commitment to innovation, demonstrated through diverse collections like Hands-Free Slip-ins and Arch Fit, coupled with targeted marketing campaigns featuring global influencers, underscores the brand's dedication to comfort and style.
Image Source: Zacks Investment Research
Growing DTC Business
Skechers’ DTC business has been a significant revenue driver. DTC sales experienced a notable year-over-year increase of 23.8% in the third quarter of 2023. Skechers achieved $850.4 million in DTC sales, constituting 42% of the total sales.
The growth in DTC sales was further delineated by a 14.1% increase in domestic DTC sales and a substantial 33.3% rise in international DTC sales. Additionally, DTC unit volume exhibited an 18.8% increase, accompanied by a 4.3% rise in average selling price.
Expanding Reach
In terms of store expansion, Skechers opened 72 company-owned stores in the third quarter, with a significant presence in China and other international markets. Additionally, the company opened 324 third-party stores, bringing the total worldwide store count to 4,992.
Internationally, Skechers' business remains a major contributor to sales growth. International sales accounted for 61% of overall sales in the third quarter, showcasing growth of 2.3% and 14.4% year over year in the EMEA and APAC regions, respectively.
Digital initiatives play a crucial role in Skechers' growth strategy, with ongoing enhancements to its online presence, mobile applications, and loyalty programs. The company has also implemented omnichannel features like "Buy Online, Pick-Up in Store" and "Buy Online, Pickup at Curbside" to improve customer engagement.
The acquisition of its long-term Scandinavia distributor has strengthened Skechers' brand in the Nordic region, contributing to the company's online and offline presence.
Promising Outlook
Skechers is optimistic about reaching its target of $10 billion in annual sales by 2026. Markedly, management is actively investing in various avenues, including the opening of new stores, enhancing omnichannel capabilities and expanding distribution capacity in key markets such as India, China and Chile.
In 2023, the management aims to achieve sales in the range of $7.95-$8.05 billion, compared with $7.44 billion reported last year. Additionally, the company anticipates earnings per share to be between $3.33 and $3.43, surpassing the earlier expectation of $3.25-$3.40 and $2.38 reported last year.
Wrapping Up
Skechers’ commitment to diverse footwear offerings, including an emphasis on comfort-centric products, aligns with evolving consumer preferences. Its global expansion through the opening of company-owned and third-party stores, coupled with digital initiatives, positions the company for continued success.
This Zacks Rank #2 (Buy) stock has outpaced the Zacks Shoes and Retail Apparel industry in the past year. In the said period, shares of the company have gained 27.9% against the industry’s decline of 5.4%.
3 Other Red-Hot Stocks to Consider
A few other top-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK.
American Eagle Outfitters is a specialty retailer of casual apparel, accessories and footwear. It sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal-year earnings and sales indicates growth of 36.1% and 2.4%, respectively, from the previous year’s reported figures. AEO has a trailing four-quarter average earnings surprise of 43.2%.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel. The company currently carries a Zacks Rank #2. ANF delivered a significant earnings surprise in the last reported quarter.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales implies growth of 10.3% from the previous year’s reported number. ANF has a trailing four-quarter average earnings surprise of 724.8%.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.2% and 11.1%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter average earnings surprise of 26.3%.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3 Other Red-Hot Stocks to Consider A few other top-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.2% and 11.1%, respectively, from the previous year’s reported figures.
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3 Other Red-Hot Stocks to Consider A few other top-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Other Red-Hot Stocks to Consider A few other top-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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3 Other Red-Hot Stocks to Consider A few other top-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.2% and 11.1%, respectively, from the previous year’s reported figures.
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fc15e4ae-1b2f-437c-ab07-f2dfcde57ca7
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723678.0
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2023-11-15 00:00:00 UTC
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Are Retail-Wholesale Stocks Lagging Deckers Outdoor (DECK) This Year?
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DECK
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https://www.nasdaq.com/articles/are-retail-wholesale-stocks-lagging-deckers-outdoor-deck-this-year-0
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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Deckers (DECK) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Deckers is one of 221 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Deckers is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DECK's full-year earnings has moved 4.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, DECK has gained about 57.9% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 19.8%. This means that Deckers is outperforming the sector as a whole this year.
Fastenal (FAST) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 28.9%.
The consensus estimate for Fastenal's current year EPS has increased 1.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Deckers belongs to the Retail - Apparel and Shoes industry, a group that includes 43 individual stocks and currently sits at #158 in the Zacks Industry Rank. On average, this group has gained an average of 7.2% so far this year, meaning that DECK is performing better in terms of year-to-date returns.
Fastenal, however, belongs to the Building Products - Retail industry. Currently, this 8-stock industry is ranked #185. The industry has moved +4.5% so far this year.
Deckers and Fastenal could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Fastenal Company (FAST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Over the past 90 days, the Zacks Consensus Estimate for DECK's full-year earnings has moved 4.4% higher. Is Deckers (DECK) one of those stocks right now? Deckers is one of 221 individual stocks in the Retail-Wholesale sector.
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Over the past 90 days, the Zacks Consensus Estimate for DECK's full-year earnings has moved 4.4% higher. Looking more specifically, Deckers belongs to the Retail - Apparel and Shoes industry, a group that includes 43 individual stocks and currently sits at #158 in the Zacks Industry Rank. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Fastenal Company (FAST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Looking more specifically, Deckers belongs to the Retail - Apparel and Shoes industry, a group that includes 43 individual stocks and currently sits at #158 in the Zacks Industry Rank. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Fastenal Company (FAST) : Free Stock Analysis Report To read this article on Zacks.com click here. Is Deckers (DECK) one of those stocks right now?
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Is Deckers (DECK) one of those stocks right now? Deckers is one of 221 individual stocks in the Retail-Wholesale sector. Deckers is currently sporting a Zacks Rank of #2 (Buy).
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76c5dd1c-ed9d-4631-9f2a-fb8d664ad520
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723679.0
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2023-11-14 00:00:00 UTC
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Deckers Outdoor (DECK) Thrives on Customer-Centric Approach
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-deck-thrives-on-customer-centric-approach
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nan
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Deckers Outdoor Corporation DECK is strategically positioning itself for success by focusing on profitable and underpenetrated markets while keeping a keen eye on product innovation, store expansion and reinforcement of its e-commerce capabilities. Additionally, Deckers is capitalizing on digital channels to effectively reach and engage consumers, optimizing its omni-channel distribution for increased accessibility.
The company has a customer-centric approach, with a strong emphasis on implementing customer relationship management software and loyalty programs. Moreover, its direct engagement with wholesale customers resulted in robust momentum in its global wholesale business. This, in turn, led to a notable 19.4% year-over-year increase in wholesale net sales ($760.2 million) in the second quarter of fiscal 2024.
Deckers is well-positioned for success, thanks to robust advancements in direct-to-consumer (DTC) channels, brand expansion, a resilient balance sheet and a steadfast operating model.
The DTC business has emerged as a pivotal growth driver, with both HOKA and UGG brands experiencing more than 30% growth in consumer acquisition in the second quarter. Deckers reported a remarkable 40% year-over-year increase in DTC business, underscoring the success of its strategic initiatives.
Net sales in DTC surged 38.8% year over year to $331.7 million. DTC’s comparable net sales experienced a substantial increase of 36.8% during the same time frame.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote
Success of UGG and HOKA Bodes Well
The UGG and HOKA brands also recorded an impressive 28.1% and 27.3% growth, respectively, contributing to the overall consolidated revenue growth of 24.7%.
The HOKA brand is expected to rise more than 20% in fiscal 2024, with most of the increase likely to come from the brand's DTC business. UGG’s revenues are anticipated to rise in the mid-single digits, supported by sustained global brand momentum and robust demand.
Promising Outlook
Deckers' dedication to disciplined management of brand marketplaces and an adaptable operating model strengthens its belief in meeting the heightened full-year expectations. This strategic methodology positions the company favorably to propel sustained success for its diverse array of brands in the long term.
DECK expects fiscal 2024 net sales to be approximately $4,025 million, up from the earlier projection of $3,980 million. This suggests an increase of about 11% from $3,627 million reported in fiscal 2023. The company projects fiscal 2024 earnings in the range of $22.90-$23.25 per share, up from the formerly estimated band of $21.75-$22.25. Deckers reported earnings of $19.37 per share in fiscal 2023.
The company is also expecting an improvement in its profitability in fiscal 2024. The gross margin is expected to be in the range of 52.5-53%, up from the previous projection of 52%, with an anticipated expansion of 220-270 basis points year over year. The operating margin is expected to be 18.5%, up from the previous year’s reported figure of 18%.
Wrapping Up
Deckers’ proactive strategy, centered on expanding brand offerings and embracing innovation, positions it for success in evolving consumer landscapes. With a focus on profitable markets, product innovation and e-commerce, coupled with customer-centric initiatives, the company demonstrates adaptability in the retail-apparel and shoes industry.
The Zacks Rank #2 (Buy) company’s shares have rallied 81% in the past year compared with the industry’s growth of 0.3%.
3 Other Promising Stocks
A few other top-ranked stocks in the same space are American Eagle Outfitters Inc. AEO, Abercrombie & Fitch Co. ANF and Skechers U.S.A., Inc. SKX.
American Eagle Outfitters is a specialty retailer of casual apparel, accessories and footwear. It sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal-year earnings and sales indicates growth of 36.1% and 2.4%, respectively, from the previous year’s reported figures. AEO has a trailing four-quarter average earnings surprise of 43.2%.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel. The company currently carries a Zacks Rank #2. ANF delivered a significant earnings surprise in the last reported quarter.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales implies growth of 10.3% from the previous year’s reported number. ANF has a trailing four-quarter average earnings surprise of 724.8%.
Skechers U.S.A. designs, develops, markets and distributes footwear for men, women and children. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Skechers’ current financial-year earnings and sales indicates growth of 44.1% and 8.2%, respectively, from the previous year’s reported figures. SKX has a trailing four-quarter average earnings surprise of 50.3%.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation DECK is strategically positioning itself for success by focusing on profitable and underpenetrated markets while keeping a keen eye on product innovation, store expansion and reinforcement of its e-commerce capabilities. Deckers is well-positioned for success, thanks to robust advancements in direct-to-consumer (DTC) channels, brand expansion, a resilient balance sheet and a steadfast operating model. Promising Outlook Deckers' dedication to disciplined management of brand marketplaces and an adaptable operating model strengthens its belief in meeting the heightened full-year expectations.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Success of UGG and HOKA Bodes Well The UGG and HOKA brands also recorded an impressive 28.1% and 27.3% growth, respectively, contributing to the overall consolidated revenue growth of 24.7%. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is strategically positioning itself for success by focusing on profitable and underpenetrated markets while keeping a keen eye on product innovation, store expansion and reinforcement of its e-commerce capabilities.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote Success of UGG and HOKA Bodes Well The UGG and HOKA brands also recorded an impressive 28.1% and 27.3% growth, respectively, contributing to the overall consolidated revenue growth of 24.7%. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is strategically positioning itself for success by focusing on profitable and underpenetrated markets while keeping a keen eye on product innovation, store expansion and reinforcement of its e-commerce capabilities.
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Deckers reported earnings of $19.37 per share in fiscal 2023. Deckers Outdoor Corporation DECK is strategically positioning itself for success by focusing on profitable and underpenetrated markets while keeping a keen eye on product innovation, store expansion and reinforcement of its e-commerce capabilities. Additionally, Deckers is capitalizing on digital channels to effectively reach and engage consumers, optimizing its omni-channel distribution for increased accessibility.
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7f2e2765-46f0-4a35-8799-f0d13041c306
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723680.0
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2023-11-13 00:00:00 UTC
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Invesco S&P MidCap Momentum ETF Experiences Big Outflow
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DECK
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https://www.nasdaq.com/articles/invesco-sp-midcap-momentum-etf-experiences-big-outflow
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P MidCap Momentum ETF (Symbol: XMMO) where we have detected an approximate $89.6 million dollar outflow -- that's a 8.0% decrease week over week (from 13,970,000 to 12,850,000). Among the largest underlying components of XMMO, in trading today Jabil Inc (Symbol: JBL) is up about 0.4%, Deckers Outdoor Corp. (Symbol: DECK) is down about 0.8%, and Reliance Steel & Aluminum Co. (Symbol: RS) is relatively unchanged. For a complete list of holdings, visit the XMMO Holdings page » The chart below shows the one year price performance of XMMO, versus its 200 day moving average:
Looking at the chart above, XMMO's low point in its 52 week range is $70.78 per share, with $83.3699 as the 52 week high point — that compares with a last trade of $79.82. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
ARNA Split History
Top Ten Hedge Funds Holding OMNT
ETFs Holding SBUX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of XMMO, in trading today Jabil Inc (Symbol: JBL) is up about 0.4%, Deckers Outdoor Corp. (Symbol: DECK) is down about 0.8%, and Reliance Steel & Aluminum Co. (Symbol: RS) is relatively unchanged. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XMMO, in trading today Jabil Inc (Symbol: JBL) is up about 0.4%, Deckers Outdoor Corp. (Symbol: DECK) is down about 0.8%, and Reliance Steel & Aluminum Co. (Symbol: RS) is relatively unchanged. For a complete list of holdings, visit the XMMO Holdings page » The chart below shows the one year price performance of XMMO, versus its 200 day moving average: Looking at the chart above, XMMO's low point in its 52 week range is $70.78 per share, with $83.3699 as the 52 week high point — that compares with a last trade of $79.82. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Among the largest underlying components of XMMO, in trading today Jabil Inc (Symbol: JBL) is up about 0.4%, Deckers Outdoor Corp. (Symbol: DECK) is down about 0.8%, and Reliance Steel & Aluminum Co. (Symbol: RS) is relatively unchanged. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P MidCap Momentum ETF (Symbol: XMMO) where we have detected an approximate $89.6 million dollar outflow -- that's a 8.0% decrease week over week (from 13,970,000 to 12,850,000). For a complete list of holdings, visit the XMMO Holdings page » The chart below shows the one year price performance of XMMO, versus its 200 day moving average: Looking at the chart above, XMMO's low point in its 52 week range is $70.78 per share, with $83.3699 as the 52 week high point — that compares with a last trade of $79.82.
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Among the largest underlying components of XMMO, in trading today Jabil Inc (Symbol: JBL) is up about 0.4%, Deckers Outdoor Corp. (Symbol: DECK) is down about 0.8%, and Reliance Steel & Aluminum Co. (Symbol: RS) is relatively unchanged. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P MidCap Momentum ETF (Symbol: XMMO) where we have detected an approximate $89.6 million dollar outflow -- that's a 8.0% decrease week over week (from 13,970,000 to 12,850,000). For a complete list of holdings, visit the XMMO Holdings page » The chart below shows the one year price performance of XMMO, versus its 200 day moving average: Looking at the chart above, XMMO's low point in its 52 week range is $70.78 per share, with $83.3699 as the 52 week high point — that compares with a last trade of $79.82.
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00402a2f-d41e-4931-a84e-4a198ef7efca
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723681.0
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2023-11-10 00:00:00 UTC
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Dillard's (DDS) Q3 Earnings Surpass Estimates, Sales Miss
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DECK
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https://www.nasdaq.com/articles/dillards-dds-q3-earnings-surpass-estimates-sales-miss
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nan
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nan
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Dillard's Inc. DDS posted third-quarter fiscal 2023 results, wherein the bottom lines surpassed the Zacks Consensus Estimate, while sales missed. This marked the company’s 11th straight quarter of bottom-line beat. Results gained from better inventory management and strong consumer demand. However, DDS sales and earnings declined year over year.
Adjusted earnings of $9.49 per share significantly surpassed the Zacks Consensus Estimate of $7.06. However, the bottom line declined 13.4% from the year-ago quarter's $10.96 per share.
Net sales of $1,476.4 million decreased 4.4% from the prior-year quarter and missed the Zacks Consensus Estimate of $1,509 million.
Dillard’s shares declined 5.4% yesterday, driven by the soft third-quarter fiscal 2023 performance. Shares of the Zacks Rank #3 (Hold) company have lost 19.8% in the past three months compared with the industry's decline of 18.4%.
Image Source: Zacks Investment Research
Q3 Details
Total retail sales (excluding CDI Contractors, LLC) fell 6% year over year to $1,409 million. Comparable store sales also declined 6% year over year. Retail sales were affected by the challenging sales environment during the quarter, particularly the weakness experiences at the start of September.
Our model had predicted a comps decline of 4.7% for the fiscal third quarter. The adverse performance compared to our estimate can be attributed to the tough retail environment in the quarter, with weakness in September.
In the quarter, the company witnessed robust sales in cosmetics, and home and furniture categories. On the flip side, juniors’ and children’s apparel was among the underperforming categories.
Dillard's, Inc. Price, Consensus and EPS Surprise
Dillard's, Inc. price-consensus-eps-surprise-chart | Dillard's, Inc. Quote
The consolidated gross margin contracted 110 basis points (bps) year over year to 43.5% in the fiscal third quarter. The retail gross margin of 45.3% reflected a year-over-year decline of 40 bps, driven by gross margin declines in the men’s apparel and accessories, juniors’ and children’s apparel, and shoes categories. Additionally, the company witnessed a moderate decline in ladies’ accessories and lingerie. This was offset by decent gross margin growth in the home and furniture category, while cosmetics was flat.
Dillard's consolidated SG&A expenses (as a percentage of sales) expanded 180 bps to 28.6% from the prior-year quarter's 26.8%. In dollar terms, SG&A expenses (operating expenses) grew 1.9% to $421.8 million. The increase in operating expenses is mainly attributed to higher payroll and payroll-related expenses.
Our model had predicted SG&A expenses (as a percentage of sales) to increase 190 bps in the fiscal third quarter. In dollar terms, we expected SG&A expenses to increase 2.5% year over year to $424.3 million.
Financial Details
Dillard’s ended the quarter with cash and cash equivalents of $842 million, a long-term debt of $321.4 million, and a total shareholders' equity of $1,813.6 million. The company provided $447.1 million of net cash from operating activities as of Oct 28, 2023.
Capital expenditure for fiscal 2023 is likely to be $140 million, suggesting growth from the year-ago figure of $120 million.
In the fiscal third quarter, the company repurchased 151,000 Class A common stock for $48 million, under its existing repurchase program. As of Oct 28, DDS had an authorization worth $410.2 million remaining under its share repurchase program announced in May 2023.
Store Update
As of Oct 28, 2023, DDS operated 273 full-line Dillard’s stores and 27 clearance stores in 29 states and on dillards.com.
Outlook
For fiscal 2023, Dillard’s expects depreciation and amortization of $180 million, whereas it reported $188 million in the prior year. The company expects a net interest and debt (income) of ($3) million, whereas it recorded expenses of $31 million in the prior year. DDS anticipates rentals of $22 million for fiscal 2023.
Stocks to Consider
Here are some better-ranked stocks that you may want to consider, namely, American Eagle Outfitters AEO, Ross Stores ROST and Deckers Outdoor DECK.
American Eagle, a specialty retailer of casual apparel, accessories and footwear, currently flaunts a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter surprise of 43.2%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for American Eagle’s current fiscal year’s revenues and earnings suggests growth of 2.4% and 36.1%, respectively, from the year-ago quarter’s reported figures.
Ross Stores, an off-price retailer of apparel and home accessories, currently has a Zacks Rank #2 (Buy). ROST has a trailing four-quarter earnings surprise of 11.4%, on average.
The Zacks Consensus Estimate for Ross Stores’ current financial year’s sales and EPS suggests growth of 7.1% and 19.4%, respectively, from the year-ago quarter’s reported figures.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The company carries a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Deckers Outdoor’s current fiscal year’s sales and EPS suggests growth of 11.1% and 20.2%, respectively, from the year-ago quarter’s reported figures. DECK has a trailing four-quarter earnings surprise of 26.3%, on average.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dillard's, Inc. (DDS) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Ross Stores, Inc. (ROST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for Deckers Outdoor’s current fiscal year’s sales and EPS suggests growth of 11.1% and 20.2%, respectively, from the year-ago quarter’s reported figures. Stocks to Consider Here are some better-ranked stocks that you may want to consider, namely, American Eagle Outfitters AEO, Ross Stores ROST and Deckers Outdoor DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Click to get this free report Dillard's, Inc. (DDS) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ross Stores, Inc. (ROST) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Here are some better-ranked stocks that you may want to consider, namely, American Eagle Outfitters AEO, Ross Stores ROST and Deckers Outdoor DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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The Zacks Consensus Estimate for Deckers Outdoor’s current fiscal year’s sales and EPS suggests growth of 11.1% and 20.2%, respectively, from the year-ago quarter’s reported figures. Click to get this free report Dillard's, Inc. (DDS) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ross Stores, Inc. (ROST) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Here are some better-ranked stocks that you may want to consider, namely, American Eagle Outfitters AEO, Ross Stores ROST and Deckers Outdoor DECK.
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Stocks to Consider Here are some better-ranked stocks that you may want to consider, namely, American Eagle Outfitters AEO, Ross Stores ROST and Deckers Outdoor DECK. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The Zacks Consensus Estimate for Deckers Outdoor’s current fiscal year’s sales and EPS suggests growth of 11.1% and 20.2%, respectively, from the year-ago quarter’s reported figures.
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723682.0
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2023-11-10 00:00:00 UTC
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Deckers Brands and Floor & Decor have been highlighted as Zacks Bull and Bear of the Day
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DECK
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https://www.nasdaq.com/articles/deckers-brands-and-floor-decor-have-been-highlighted-as-zacks-bull-and-bear-of-the-day
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nan
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nan
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For Immediate Release
Chicago, IL – November 10, 2023 – Zacks Equity Research shares Deckers Brands DECK as the Bull of the Day and Floor & Decor Holdings, Inc. FND as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Wix.com WIX, Twilio TWLO and Ferrari RACE.
Here is a synopsis of all five stocks.
Bull of the Day:
Deckers Brands remains one of the hottest retailers in the world. This Zacks Rank #1 (Strong Buy) is hitting new 5-year highs as the all-important winter holiday season approaches.
Deckers Brands designs, manufactures and distributes footwear, apparel and accessories. It's most prominent brand is UGG, but it also owns Koolaburra, HOKA, Teva and Sanuk.
It's products are sold around the world in department and specialty stores as well as company-owned and operated retail stores. Deckers also operates an online store at deckers.com.
Another Beat in the Fiscal 2024 Second Quarter
On Oct 26, Deckers reported its fiscal second quarter results and beat by 54.7%. It reported earnings of $6.82 versus the Zacks Consensus of $4.41. That was a new second quarter earnings record.
It was the 8th earnings beat in a row. Deckers has an outstanding earnings surprise history, with just 1 miss in the last 5 years and it wasn't when the pandemic broke out in 2020, which tripped up many other retailers.
Revenue rose 25% to a record $1.092 billion in the second quarter. Direct-to-consumer rose 38.8% to $331.7 million from $239.1 million. Wholesale sales rose 19.4% to $760.2 million from $636.5 million a year ago.
Domestic sales rose 21.1% to $748 million while international sales rose 33.3% to $343.9 million.
By brand, the flagship UGG, rose 28.1% to $610.5 million from $476.5 million. That's huge growth for the UGG brand, which is well established. But the company pulled forward its fall marketing campaign which usually starts in September, to July. It was successful in capturing more back-to-school sales.
HOKA sales rose 27.3% to $424 million.
Meanwhile, the two smaller brands, Teva and Sanuk, saw sales fall. Teva sales fell 28.4% to $21.5 million while Sanuk decreased 28.5% to $5.4 million.
Deckers also announced that it would divest the Sanuk brand which will allow it to focus on its bigger brands.
Gross margin rose to 53.4% from 48.2%.
Deckers Raised Full Year Guidance
Deckers is optimistic about the holiday season and the full fiscal year as its two flagship brands, UGG and HOKA, continue to perform well.
It raised its full year earnings guidance to a range of $22.90 to $23.25, which was above the Zacks Consensus. As a result, analysts have been revising estimates higher since the report.
9 estimates were raised for fiscal 2024 in the last 30 days, pushing the Zacks Consensus up to $23.29 from $22.40, which is earnings growth of 20.2% as the company made $19.37 in fiscal 2023.
Analysts are also bullish about fiscal 2025 with 8 estimates higher over the last 30 days. Earnings are expected to rise 12.8% in fiscal 2025 as well.
Shares at 5-Year Highs
Deckers shares sold off last year on worries about an inventory build and a possible recession. But this year, they have reversed course and are up 57.7% year-to-date to new 5-year highs.
They aren't cheap. Deckers trades with a forward P/E of 26.9 but you are buying a growth company as you can see in this beautiful price and consensus chart.
This is how you want the price and consensus chart to look, with that consistent year-over-year earnings growth.
Deckers is shareholder friendly with a big share repurchase plan. In the second fiscal quarter it repurchased stock for a total of $185.5 million. As of Sep 30, 2023, it had approximately $1.146 billion remaining on its authorization.
Deckers also has a great balance sheet with $823.1 million in cash and cash equivalents as of Sep 30, 2023, and no outstanding borrowings.
For investors looking for a top retail brand that is executing at a high level, Deckers Brands should be on your short list.
Bear of the Day:
Floor & Decor Holdings, Inc. is facing challenges due to the slow housing market. This Zacks Rank #5 (Strong Sell) is expected to see a double digit decline in earnings this fiscal year.
Floor & Decor is a specialty retailer and commercial flooring distributor operating 207 warehouse-format stores and 5 design studios in 36 states.
It sells hard-surface flooring, including tile, wood, laminate, vinyl, and natural stone along with decorative accessories and wall tile.
Floor & Decor Beats Again
On Nov 2, 2023, Floor & Decor reported third quarter fiscal 2023 results and beat the Zacks Consensus by $0.06. It reported $0.61 versus the consensus of $0.55. It has beat 3 out of the last 4 quarters and has only missed twice in the last 5 years.
Net sales rose 0.9% to $1,107.8 million from $1,097.8 million a year ago. Comparable store sales fell 9.3%.
Operating margin also fell 160 basis points to 7.7% year-over-year.
The company cited continuing economic challenges posed by rising mortgage interest rates, near-record-low existing home sales, ongoing pressure on housing affordability, and slowing sales of large ticket discretionary products. However, it's positioning the company for the eventual turnaround that will come.
Analysts Cut Estimates for Fiscal 2023 and 2024
The estimates are bearish about the rest of this year. 10 estimates were cut in the last week. The Zacks Consensus fell to $2.22 from $2.38.
That's an earnings decline of 19.6% as Floor & Decor made $2.76 last year.
Analysts are bearish on fiscal 2024 too. 10 earnings estimates were cut in the last 7 days as well, pushing the 2024 Zacks Consensus estimate to $2.23 from $2.86. That's just 0.5% earnings growth.
Shares Sink in the Last 3 Months
Floor & Decor has struggled over the last 2 years. Shares are down 41.1% during that time. They had a strong rally to start the year, but over the last 3 months, they're down 26.3%.
Are they cheap?
Floor & Decor trades with a forward P/E of 36.2, which isn't cheap.
Investors might want to wait on the sidelines. The housing market remains challenging. Keep an eye on an eventual turn higher in the earnings.
Additional content:
3 Companies Boosting Outlooks from Earnings Season
Earnings season continues to chug along, picking up notable steam over the last couple of weeks. We’ve received many positive surprises throughout the period, undoubtedly to the likes of investors as companies continue to navigate a unique macroeconomic situation.
Regarding positivity, three companies – Wix.com, Twilio and Ferrari – all delivered results above expectations, with each lifting their outlooks.
Given the strong results, what was there to like in each respective release? Let’s take a closer look.
Ferrari
Luxury sports car manufacturer Ferrari was firing on all cylinders (literally) throughout its latest period, with the company exceeding the Zacks Consensus EPS Estimate by more than 12% and delivering a 2% revenue surprise.
Impressively, the results reflected the sixth consecutive quarter of exceeding consensus earnings and revenue expectations.
The company’s better-than-expected results have been fueled by continued strength among higher-end consumers, with Ferrari’s order book remaining at its highest levels and covering its entire 2025. In fact, shipments throughout the period totaled 3,459, up 217 units, or 9%, compared to the same period last year.
Following the results, Ferrari raised its current year (FY23) guidance thanks to a strong product mix and better-than-expected demand among personalization features. The company now expects higher net revenues, industrial free cash flow, adjusted EPS, and adjusted EBITDA.
Analysts have been taking their current year expectations for Ferrari higher for some time now, with the current $7.00 Zacks Consensus EPS Estimate up nearly 20% over the last year. The current value reflects a 30% boost year-over-year, with the stock also carrying a Style Score of “A” for Growth.
Twilio
Twilio provides a customer engagement platform that drives real-time, personalized experiences for today’s leading brands. The company’s quarterly results have consistently been robust in 2023, with it exceeding the Zacks Consensus EPS Estimate by an average of 160% across its last four releases.
Regarding the release in focus, Twilio exceeded the Zacks Consensus EPS Estimate by 65%, well above the year-ago loss of -$0.27 per share. Quarterly revenue totaled $1.03 billion, 5% ahead of expectations and showing growth of 5% year-over-year.
Twilio’s revenue growth has been remarkable, as we can see below. Please note that this chart is on an annual basis. Concerning its current year (FY23), the Zacks Consensus Estimate of $4.04 billion suggests a 5% climb from FY22.
In addition, Active Customer Accounts totaled 306,000, reflecting growth of 9.3% from the year-ago figure of 280,000. Active Customer Accounts growth bodes highly favorably for the company, reflecting that consumers continue flocking to its platform and, in turn, boosting top line performance.
Given the solid quarterly results, Twilio upped its FY23 guidance for adjusted income from operations, now expecting results in a band of $475 – $485 million. It’s worth noting that this metric has already been revised higher twice throughout 2023, once in May and once in August.
Investors will have to fork up a small premium for the company’s shares, currently trading at a 2.5X forward price-to-sales ratio (F1), above the respective Zacks Internet – Software industry modestly. Still, on a historical basis, the current value is nowhere near the steep 13.5X five-year median and five-year highs of 36.5X.
Wix.com
Wix.com is the leading SaaS website builder platform globally. The company reported Q3 revenue of $393.8 million, up 14% from the year-ago period and ahead of the Zacks Consensus Estimate.
Better than expected revenue generation and improved operational efficiencies boosted free cash flow to $62.8 million. Further, Partners revenue totaled $119.4 million, climbing an impressive 40% from the year-ago period as consumers continue to flock to the company’s platform.
And given the results, Wix.com boosted its FY23 outlook, now expecting full-year revenue in a band of $1.558 - $1.563 billion, up from prior views of $1.543 - $1.556 billion.
It’s worth noting that WIX shares have primarily faced negative reactions following quarterly results. Despite a full-year guidance lift, shares have faced adverse price action in today’s session as well.
Bottom Line
Earnings season continues its rapid pace, with a plethora of companies unveiling quarterly results daily.
So far, the period has primarily been positive, especially when including recent results of these companies. All three raised their outlooks following better-than-expected results.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index.Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Wix.com Ltd. (WIX) : Free Stock Analysis Report
Ferrari N.V. (RACE) : Free Stock Analysis Report
Twilio Inc. (TWLO) : Free Stock Analysis Report
Floor & Decor Holdings, Inc. (FND) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – November 10, 2023 – Zacks Equity Research shares Deckers Brands DECK as the Bull of the Day and Floor & Decor Holdings, Inc. FND as the Bear of the Day. Bull of the Day: Deckers Brands remains one of the hottest retailers in the world. Deckers Brands designs, manufactures and distributes footwear, apparel and accessories.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Wix.com Ltd. (WIX) : Free Stock Analysis Report Ferrari N.V. (RACE) : Free Stock Analysis Report Twilio Inc. (TWLO) : Free Stock Analysis Report Floor & Decor Holdings, Inc. (FND) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – November 10, 2023 – Zacks Equity Research shares Deckers Brands DECK as the Bull of the Day and Floor & Decor Holdings, Inc. FND as the Bear of the Day. Bull of the Day: Deckers Brands remains one of the hottest retailers in the world.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Wix.com Ltd. (WIX) : Free Stock Analysis Report Ferrari N.V. (RACE) : Free Stock Analysis Report Twilio Inc. (TWLO) : Free Stock Analysis Report Floor & Decor Holdings, Inc. (FND) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – November 10, 2023 – Zacks Equity Research shares Deckers Brands DECK as the Bull of the Day and Floor & Decor Holdings, Inc. FND as the Bear of the Day. Bull of the Day: Deckers Brands remains one of the hottest retailers in the world.
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For Immediate Release Chicago, IL – November 10, 2023 – Zacks Equity Research shares Deckers Brands DECK as the Bull of the Day and Floor & Decor Holdings, Inc. FND as the Bear of the Day. Bull of the Day: Deckers Brands remains one of the hottest retailers in the world. Deckers Brands designs, manufactures and distributes footwear, apparel and accessories.
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2023-11-10 00:00:00 UTC
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2 Stocks That Are Running Circles Around Nike
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DECK
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https://www.nasdaq.com/articles/2-stocks-that-are-running-circles-around-nike
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nan
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nan
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For its long-term buy-and-hold shareholders, Nike (NYSE: NKE) stock has been a true wealth builder. A small $1,000 investment into the sportswear and sneaker company 40 years ago would have been worth almost $1 million at the stock's peak a few years ago. However, Nike's slowing growth has been a drag on the stock's performance in recent years. The shares have returned just 40% since 2018.
There is a high correlation between a stock's long-term performance and the underlying company's revenue growth over many years. Nike was a high-growth brand a few decades ago, but not so much today. It's challenging for any company to keep growing at high rates when its annual revenue -- $51 billion in Nike's case -- already represents a large share of its total market.
By contrast, finding and investing in smaller, fast-growing brands before they go mainstream can lead to spectacular returns. Here are two rising stars I would buy over Nike now in a heartbeat.
1. e.l.f. Beauty
Shares of e.l.f. Beauty (NYSE: ELF) have surged by 677% over the last five years. e.l.f. is well on its way to becoming a leading brand in the $600 billion beauty and personal care market. The company's sales growth exploded in recent years, and it's not slowing. Sales grew 76% year over year in the most recent quarter, and it's aiming for more.
With only $765 million in trailing revenue, the business still has a high ceiling. Management sees significant opportunities to expand beyond cosmetics into skin care, as well as growth potential in international markets, and its recent growth spurt puts it in a strong financial position to take advantage of those opportunities.
The company's profit margin is still climbing, and reached almost 16% of revenue over the last year. This allowed management to spend more on marketing to win more customers, who might get excited to see their favorite cosmetics brand launch new products in more categories.
The stock looks expensive, trading at a forward price-to-earnings (P/E) ratio of 39. But if the company successfully expands into new product lines and overseas markets, there should be enough growth to push the stock even higher.
Investors shouldn't be concerned about paying a high P/E for a small company. Consider that Nike traded at a sky-high P/E of 60 in 1991, when it had more than $3 billion in annual revenue. e.l.f. may not grow as big as Nike, but it's clear that valuation is not as important as growth when projecting a stock's potential future returns.
2. Deckers Outdoor
Hoka footwear is giving Nike a run for its money, but that's just one reason investors should consider Deckers Outdoor (NYSE: DECK) stock.
Deckers stock has climbed by 376% over the last five years. Total sales soared 25% year over year in the most recent quarter, driven by balanced growth from the company's top two brands, UGG and Hoka.
However, Deckers only recently started to post high sales growth. Over the last 10 years, revenue grew at an annualized rate of just 9%, so it's unclear if the company's recent acceleration to double-digit-percentage growth is going to be persistent or not. Most of the stock's market-beating returns over the last decade can be traced to double-digit earnings growth through higher margins.
Still, one reason the stock is worth considering is the growing momentum of the UGG brand. Sales fell last year, but global demand bounced back in 2023, with UGG sales up 18% in the first half of its fiscal 2024. Management seems to have found the right formula to drive growth, using tactics such as tightening UGG inventory to create product scarcity on certain styles.
"We currently have the most cohesive, globally aligned product, marketing, and consumer targeting strategy I've ever seen for UGG," CEO David Powers said on theearnings callfor its fiscal 2024 Q2 (which ended Sept. 30). Wall Street analysts expect Deckers to grow sales by 10.6% this year and 11% next year. Earnings are projected to grow by about 17% per year over the next five years.
With Hoka recently passing the milestone of $1 billion in annual sales, Deckers now has two fast-growing footwear brands that could drive the stock to new highs. For an investor looking for an under-the-radar winner, Deckers Outdoor might fit the bill. Despite the company's strong business performance, the stock trades at a reasonable forward P/E of 27.
10 stocks we like better than e.l.f. Beauty
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John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike. The Motley Fool recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Hoka footwear is giving Nike a run for its money, but that's just one reason investors should consider Deckers Outdoor (NYSE: DECK) stock. Deckers stock has climbed by 376% over the last five years. However, Deckers only recently started to post high sales growth.
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With Hoka recently passing the milestone of $1 billion in annual sales, Deckers now has two fast-growing footwear brands that could drive the stock to new highs. Deckers Outdoor Hoka footwear is giving Nike a run for its money, but that's just one reason investors should consider Deckers Outdoor (NYSE: DECK) stock. Deckers stock has climbed by 376% over the last five years.
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Deckers Outdoor Hoka footwear is giving Nike a run for its money, but that's just one reason investors should consider Deckers Outdoor (NYSE: DECK) stock. Deckers stock has climbed by 376% over the last five years. However, Deckers only recently started to post high sales growth.
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Deckers Outdoor Hoka footwear is giving Nike a run for its money, but that's just one reason investors should consider Deckers Outdoor (NYSE: DECK) stock. Deckers stock has climbed by 376% over the last five years. However, Deckers only recently started to post high sales growth.
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fd5b10af-a2d9-4873-a3a0-e1dad21459d8
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723684.0
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2023-11-10 00:00:00 UTC
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Zacks.com featured highlights e.l.f. Beauty, Deckers Outdoor and Universal Stainless & Alloy
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DECK
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-e.l.f.-beauty-deckers-outdoor-and-universal-stainless-alloy
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nan
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nan
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For Immediate Release
Chicago, IL – November 10, 2023 – Stocks in this week’s article are e.l.f. Beauty ELF, Deckers Outdoor DECK and Universal Stainless & Alloy Products USAP.
3 Top-Ranked Efficient Stocks to Buy Amid Volatility
Irrespective of market conditions, companies with favorable efficiency levels are more likely to be investors’ choice. The reason is that a company with a favorable efficiency level is expected to offer impressive returns as it is believed to be positively correlated to its price performance.
Notably, efficiency ratio is an indication of a company's financial health. It analyzes how efficiently a company uses its assets and liabilities internally.
However, at times it becomes difficult to measure the efficiency level of a company. This is why one must consider popular efficiency ratios while selecting stocks. These efficiency ratios are:
Receivables Turnover: This is the ratio of 12-month sales to four-quarter average receivables. It shows a company’s potential to extend its credit and collect debt in terms of that credit. A high receivables turnover ratio or the “accounts receivable turnover ratio” or “debtor’s turnover ratio” is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers.
Asset Utilization: This ratio indicates a company’s capability to convert assets into output and is thus a widely known measure of efficiency level. It is calculated by dividing total sales over the past 12 months by the last four-quarter average of total assets. Like the above ratios, high asset utilization may indicate that a company is efficient.
Inventory Turnover: The ratio of the 12-month cost of goods sold (COGS) to a four-quarter average inventory is considered one of the most popular efficiency ratios. It indicates a company’s ability to maintain a suitable inventory position. While a high value indicates that the company has a relatively low level of inventory compared to COGS, a low value indicates that the company is facing declining sales, which has resulted in excess inventory.
Operating Margin: This efficiency measure is the ratio of operating income over the past 12 months to sales over the same period. It measures a company’s ability to control operating expenses. Hence, a high value of the ratio may indicate that the company manages its operating expenses more efficiently than its peers.
Here are the top three stocks that made it through the screen:
e.l.f. Beauty operates as a cosmetic company. ELF has an average four-quarter positive earnings surprise of nearly 90.1%.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK has an average four-quarter positive earnings surprise of 26.3%.
Universal Stainless & Alloy Products is a mini-mill that manufactures and markets semi-finished specialty steels, including stainless steel, tool steels and other alloy steels. USAP has an average four-quarter positive earnings surprise of 44.4%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2181427/3-top-ranked-efficient-stocks-to-buy-amid-volatility
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report
e.l.f. Beauty (ELF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Beauty ELF, Deckers Outdoor DECK and Universal Stainless & Alloy Products USAP. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK has an average four-quarter positive earnings surprise of 26.3%.
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Beauty ELF, Deckers Outdoor DECK and Universal Stainless & Alloy Products USAP. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report e.l.f. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report e.l.f. Beauty ELF, Deckers Outdoor DECK and Universal Stainless & Alloy Products USAP. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Beauty ELF, Deckers Outdoor DECK and Universal Stainless & Alloy Products USAP. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK has an average four-quarter positive earnings surprise of 26.3%.
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b2238241-6942-47b6-9617-6f8ae9860077
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723685.0
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2023-11-09 00:00:00 UTC
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3 Top-Ranked Efficient Stocks to Buy Amid Volatility
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DECK
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https://www.nasdaq.com/articles/3-top-ranked-efficient-stocks-to-buy-amid-volatility
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nan
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nan
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Irrespective of market conditions, companies with favorable efficiency levels are more likely to be investors’ choice. The reason is that a company with a favorable efficiency level is expected to offer impressive returns as it is believed to be positively correlated to its price performance.
Notably, efficiency ratio is an indication of company’s financial health. It analyzes how efficiently a company uses its assets and liabilities internally.
However, at times it becomes difficult to measure the efficiency level of a company. This is why one must consider popular efficiency ratios while selecting stocks. These efficiency ratios are:
Receivables Turnover: This is the ratio of 12-month sales to four-quarter average receivables. It shows a company’s potential to extend its credit and collect debt in terms of that credit. A high receivables turnover ratio or the “accounts receivable turnover ratio” or “debtor’s turnover ratio” is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers.
Asset Utilization: This ratio indicates a company’s capability to convert assets into output and is thus a widely known measure of efficiency level. It is calculated by dividing total sales over the past 12 months by the last four-quarter average of total assets. Like the above ratios, high asset utilization may indicate that a company is efficient.
Inventory Turnover: The ratio of the 12-month cost of goods sold (COGS) to a four-quarter average inventory is considered one of the most popular efficiency ratios. It indicates a company’s ability to maintain a suitable inventory position. While a high value indicates that the company has a relatively low level of inventory compared to COGS, a low value indicates that the company is facing declining sales, which has resulted in excess inventory.
Operating Margin: This efficiency measure is the ratio of operating income over the past 12 months to sales over the same period. It measures a company’s ability to control operating expenses. Hence, a high value of the ratio may indicate that the company manages its operating expenses more efficiently than its peers.
Screening Criteria
In addition to the above-mentioned ratios, we have added a favorable Zacks Rank — Zacks Rank #1 (Strong Buy) — to the screen to make this strategy more profitable. You can see the complete list of today’s Zacks #1 Rank stocks here.
Inventory Turnover, Receivables Turnover, Asset Utilization, and Operating Margin greater than the industry average
(Values of these ratios higher than industry averages may indicate that the efficiency level of the company is higher than its peers.)
The use of these few criteria narrowed down the universe of over 7,906 stocks to 10.
Here are the top three stocks that made it through the screen:
e.l.f. Beauty ELF operates as a cosmetic company. ELF has an average four-quarter positive earnings surprise of nearly 90.1%.
Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK has an average four-quarter positive earnings surprise of 26.3%.
Universal Stainless & Alloy Products USAP is a mini-mill that manufactures and markets semi-finished specialty steels, including stainless steel, tool steels and other alloy steels. USAP has an average four-quarter positive earnings surprise of 44.4%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Diclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report
e.l.f. Beauty (ELF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK has an average four-quarter positive earnings surprise of 26.3%. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report e.l.f.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report e.l.f. Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK has an average four-quarter positive earnings surprise of 26.3%.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report e.l.f. Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK has an average four-quarter positive earnings surprise of 26.3%.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report e.l.f. Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. DECK has an average four-quarter positive earnings surprise of 26.3%.
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7350f274-d26c-42e1-86b9-3ed3feaa04c7
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723686.0
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2023-11-08 00:00:00 UTC
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Deckers Outdoor Corp. Shares Approach 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-approach-52-week-high-market-mover-11
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 0.7% below its 52 week high of $634.00, giving the company a market cap of $16B. The stock is currently up 57.1% year-to-date, up 88.2% over the past 12 months, and up 360.2% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 17.7% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -1148.6%
The company's stock price performance over the past 12 months beats the peer average by 2131.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 103.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.7% below its 52 week high of $634.00, giving the company a market cap of $16B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -1148.6% The company's stock price performance over the past 12 months beats the peer average by 2131.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 103.3% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.7% below its 52 week high of $634.00, giving the company a market cap of $16B. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 3.5%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.7% below its 52 week high of $634.00, giving the company a market cap of $16B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -1148.6% The company's stock price performance over the past 12 months beats the peer average by 2131.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 103.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.7% below its 52 week high of $634.00, giving the company a market cap of $16B. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 3.5%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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60c31458-1a26-4e8e-80ba-c34016749994
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723687.0
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2023-11-08 00:00:00 UTC
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DECK Crosses Above Average Analyst Target
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DECK
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https://www.nasdaq.com/articles/deck-crosses-above-average-analyst-target
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nan
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nan
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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $618.86, changing hands for $629.14/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 14 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $480.00. And then on the other side of the spectrum one analyst has a target as high as $745.00. The standard deviation is $67.861.
But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DECK crossing above that average target price of $618.86/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $618.86 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Deckers Outdoor Corp.:
RECENT DECK ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 11 11 11 11
Buy ratings: 1 1 1 1
Hold ratings: 2 2 2 2
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.36 1.36 1.36 1.36
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DECK — FREE.
10 ETFs With Most Upside To Analyst Targets »
Also see:
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Institutional Holders of LABD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $618.86, changing hands for $629.14/share. And so with DECK crossing above that average target price of $618.86/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $618.86 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? There are 14 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average.
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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $618.86, changing hands for $629.14/share. But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. There are 14 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average.
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There are 14 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average. And so with DECK crossing above that average target price of $618.86/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $618.86 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $618.86, changing hands for $629.14/share.
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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $618.86, changing hands for $629.14/share. There are 14 different analyst targets within the Zacks coverage universe contributing to that average for Deckers Outdoor Corp., but the average is just that — a mathematical average. But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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762a9225-fa47-47a1-a050-691ee02d1b05
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723688.0
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2023-11-06 00:00:00 UTC
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Deckers (DECK) is a Great Momentum Stock: Should You Buy?
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DECK
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https://www.nasdaq.com/articles/deckers-deck-is-a-great-momentum-stock%3A-should-you-buy
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nan
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nan
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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Deckers (DECK), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Deckers currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if DECK is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of Ugg footwear holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For DECK, shares are up 15.83% over the past week while the Zacks Retail - Apparel and Shoes industry is down 3.56% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 20.61% compares favorably with the industry's 1.47% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Deckers have increased 8.13% over the past quarter, and have gained 68.84% in the last year. On the other hand, the S&P 500 has only moved -2.8% and 18.98%, respectively.
Investors should also take note of DECK's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, DECK is averaging 482,676 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with DECK.
Over the past two months, 9 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost DECK's consensus estimate, increasing from $22.40 to $23.29 in the past 60 days. Looking at the next fiscal year, 8 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that DECK is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Deckers on your short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below, we take a look at Deckers (DECK), a company that currently holds a Momentum Style Score of B. Deckers currently has a Zacks Rank of #1 (Strong Buy). In order to see if DECK is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of Ugg footwear holds up.
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Below, we take a look at Deckers (DECK), a company that currently holds a Momentum Style Score of B. Deckers currently has a Zacks Rank of #1 (Strong Buy). In order to see if DECK is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of Ugg footwear holds up.
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Below, we take a look at Deckers (DECK), a company that currently holds a Momentum Style Score of B. Deckers currently has a Zacks Rank of #1 (Strong Buy). In order to see if DECK is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of Ugg footwear holds up.
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Below, we take a look at Deckers (DECK), a company that currently holds a Momentum Style Score of B. Deckers currently has a Zacks Rank of #1 (Strong Buy). In order to see if DECK is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of Ugg footwear holds up.
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ad93ab53-367f-45a6-92ad-af737ccca1e7
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723689.0
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2023-11-06 00:00:00 UTC
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Boot Barn (BOOT) Q2 Earnings Beat Estimates, Decline Y/Y
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DECK
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https://www.nasdaq.com/articles/boot-barn-boot-q2-earnings-beat-estimates-decline-y-y
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nan
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nan
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Boot Barn Holdings, Inc. BOOT posted second-quarter fiscal 2024 results, wherein earnings beat the Zacks Consensus Estimate, while revenues missed the same. Although the top line rose year over year, the bottom line declined.
The company's fiscal second-quarter results demonstrated merchandise margin expansion and earnings achievement. BOOT opened 10 stores in the quarter and remains optimistic about the performance of new stores across the country.
Exclusive brand penetration increased more than 600 basis points, underscoring the strong consumer appeal for the company's brands. Despite the decline in retail store same-store sales, average store sales volumes remained notably high. The quarter witnessed a sequential decline in same-store sales, attributed to a soft consumer demand. Nevertheless, the company is well-prepared with its inventory levels and expense structure as it enters the holiday season.
Boot Barn Holdings, Inc. Price, Consensus and EPS Surprise
Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart | Boot Barn Holdings, Inc. Quote
Q2 in Detail
Boot Barn Holdings’ earnings of 91 cents a share decreased from the $1.06 per share reported in the year-ago quarter. However, the metric beat the Zacks Consensus Estimate of 88 cents.
Revenues of $374.5 million increased 6.5% year over year but missed the Zacks Consensus Estimate of $378 million. The rise in net sales was primarily driven by incremental sales generated from newly opened stores in the last year, although this growth was somewhat tempered by the decline in consolidated same-store sales. Consolidated same-store sales witnessed a 4.8% decrease, with retail store same-store sales declining 3.8% and e-commerce same-store sales dropping 11.7%.
The Zacks Consensus Estimate for same-store sales was a decline of 3.4% year over year.
Gross profit of $133.9 million increased from the $129.1 million reported in the year-ago quarter. The rise in gross profit can be primarily attributed to increased sales. The gross margin came in at 35.8%, down 90 basis points (bps) from the year-ago quarter.
However, the decrease in the gross margin was primarily influenced by a 140-bps deleverage in buying, occupancy, and distribution center costs. This deleverage was primarily due to the impacts of occupancy costs associated with 50 new stores and operating costs related to the new Kansas City distribution center. These were partly mitigated by a 50-bps expansion in the merchandise margin rate.
Selling, general and administrative expenses increased to $95.3 million from the $84.9 million reported in the prior-year quarter. As a percentage of revenues, the metric was 25.5%, up 130 bps year over year mainly due to the higher store payroll and store-related expenses.
Income from operations declined from $44.2 million in the second quarter of fiscal 2023 to $38.6 million in the quarter under review. The operating margin was 10.3% compared with the 12.6% reported in the year-ago quarter.
Image Source: Zacks Investment Research
Other Financial Details
Boot Barn Holdings ended the quarter with cash and cash equivalents of $38.7 million. Notably, the company had not drawn any funds from its $250-million revolving credit facility. Management anticipates capital expenditure between $95 million and $105 million.
Guidance
For the third quarter of fiscal 2024, the company estimates net sales of $522-$535 million, indicating year-over-year growth of 1.4-4%.
It also expects a decline in same-store sales of 8-10.5%, with retail store same-store sales expected to decrease 7-9.5% and e-commerce same-store sales declining 12.5-15.5%. Gross profit is projected to be $197.8-$204.2 million.
In fiscal 2024, the company anticipates opening 52 stores. It now expects total revenues between $1.677 billion and $1.702 billion for the fiscal year, indicating year-over-year growth of 1.2-2.7%.
The company also expects a decline in same-store sales of 5% to 6.5%%, with retail store same-store sales expected to decrease 4-5.5% and e-commerce same-store sales declining 11-13%.
Gross profit is projected to be in the band of $618.5-$630.7 million. Selling, general and administrative expenses are estimated to be in the range of $419.6-$420.8 million. Earnings are projected to be $4.75-$5.00 per share.
In the past one year, shares of this Zacks Rank #3 (Hold) company have rallied 34.5% against the industry’s growth of 13.4%.
3 Promising Stocks
A few better-ranked stocks in the same space are Deckers Outdoor Corporation DECK, American Eagle Outfitters Inc. AEO and Abercrombie & Fitch Co. ANF.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The company sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Deckers Outdoors’ current fiscal-year earnings and sales indicates growth of 20.2% and 11.1% from the year-ago period’s reported figures. DECK has a trailing four-quarter average earnings surprise of 26.3%.
American Eagle is a specialty retailer of casual apparel, accessories and footwear. It sports a Zacks Rank #1 at present.
The Zacks Consensus Estimate for American Eagle’s current fiscal-year earnings and sales indicates growth of 35.1% and 2.3% from the year-ago period’s reported figures. AEO has a trailing four-quarter average earnings surprise of 43.2%.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel. The company currently has a Zacks Rank #2 (Buy). ANF delivered a significant earnings surprise in the last reported quarter.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales implies growth of 10.1% from the previous year’s reported number. ANF has a trailing four-quarter average earnings surprise of 724.8%.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Boot Barn Holdings, Inc. (BOOT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for Deckers Outdoors’ current fiscal-year earnings and sales indicates growth of 20.2% and 11.1% from the year-ago period’s reported figures. 3 Promising Stocks A few better-ranked stocks in the same space are Deckers Outdoor Corporation DECK, American Eagle Outfitters Inc. AEO and Abercrombie & Fitch Co. ANF. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Promising Stocks A few better-ranked stocks in the same space are Deckers Outdoor Corporation DECK, American Eagle Outfitters Inc. AEO and Abercrombie & Fitch Co. ANF. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Promising Stocks A few better-ranked stocks in the same space are Deckers Outdoor Corporation DECK, American Eagle Outfitters Inc. AEO and Abercrombie & Fitch Co. ANF. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories.
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3 Promising Stocks A few better-ranked stocks in the same space are Deckers Outdoor Corporation DECK, American Eagle Outfitters Inc. AEO and Abercrombie & Fitch Co. ANF. Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers Outdoors’ current fiscal-year earnings and sales indicates growth of 20.2% and 11.1% from the year-ago period’s reported figures.
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926fd6a6-b947-49bb-9c8c-6bc847e1d7e2
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723690.0
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2023-11-05 00:00:00 UTC
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Deckers Outdoor Corp. Shares Climb 1.1% Past Previous 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-climb-1.1-past-previous-52-week-high-market-mover
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed 1.1% higher than its previous 52 week high, giving the company a market cap of $15B. The stock is currently up 49.6% year-to-date, up 68.8% over the past 12 months, and up 345.8% over the past five years. This week, the Dow Jones Industrial Average rose 5.1%, and the S&P 500 rose 5.8%.
Trading Activity
Trading volume this week was 3.6% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -947.7%
The company's stock price performance over the past 12 months beats the peer average by 2450.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 97.6% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed 1.1% higher than its previous 52 week high, giving the company a market cap of $15B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -947.7% The company's stock price performance over the past 12 months beats the peer average by 2450.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 97.6% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 1.1% higher than its previous 52 week high, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average rose 5.1%, and the S&P 500 rose 5.8%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -947.7% The company's stock price performance over the past 12 months beats the peer average by 2450.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 97.6% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 1.1% higher than its previous 52 week high, giving the company a market cap of $15B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -947.7% The company's stock price performance over the past 12 months beats the peer average by 2450.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 97.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Deckers Outdoor Corp. (DECK) shares closed 1.1% higher than its previous 52 week high, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average rose 5.1%, and the S&P 500 rose 5.8%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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2a2e6a06-8e4f-4b14-b77f-4a870d1b025c
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723691.0
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2023-11-03 00:00:00 UTC
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The Importance of Brand Power: 3 Stocks to Consider
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DECK
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https://www.nasdaq.com/articles/the-importance-of-brand-power%3A-3-stocks-to-consider
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Brand power is real. The brand that consumers associate with a company is quantifiable and something valued. For example, Statista claims that Amazon (NASDAQ:AMZN) is currently the world’s most valuable brand and is worth nearly $300 billion. That’s impressive. Of course, much of a brand’s value is tied up in a company’s reputation and the popularity of the goods and services it provides. When consumers like and trust a brand, the company behind it is said to have goodwill. However, that goodwill can quickly be squandered if an organization takes a misstep or makes a blunder, especially in today’s climate of cancel culture. Coming out of this year’s third-quarter earnings season, several brands are shining and looking stronger than ever. Here is the importance of brand power and three stocks to consider for your portfolio.
Shell (SHEL)
Source: JuliusKielaitis / Shutterstock.com
British oil producer Shell (NYSE:SHEL) is a global brand whose logo and name are known the world over. The company has a track record of delivering for shareholders, as it did with its recent third-quarter earnings report. Shell reported a profit of $6.2 billion, in line with Wall Street forecasts and significantly higher than the $5.1 billion it reported in this year’s second quarter. Shell said its Q3 profit was bolstered by higher oil prices and improved refining margins.
Along with the earnings results, Shell announced a new $3.5 billion stock buyback program to be carried out over the next three months. The company has now bought back more than $6 billion of its own stock in this year’s second half. Company executives said the new share buyback program is made possible by free cash flow that stood at $7.5 billion at the end of Q3. Shell also pays a hefty quarterly dividend of 70 cents per share, giving it a yield of 4.10%. All of these are great reasons to take a position in SHEL stock. So, too, is the fact that the company’s share price has gained 22% this year.
Eli Lilly (LLY)
Source: shutterstock.com/Michael Vi
Eli Lilly (NYSE:LLY) is one of the largest pharmaceutical companies in the U.S. by market capitalization and a fairly well-known brand among consumers. However, Eli Lilly’s brand power is rising due to the red-hot popularity of its weight loss medication, Mounjaro. Currently, the drug isn’t even approved to treat weight loss. Yet, Eli Lilly still sold $1.41 billion of the drug in Q3 of this year. Approved to treat diabetes in May 2022, Mounjaro’s sales were only $97.3 million in Q3 2022.
However, the medication is being prescribed off-label by doctors to treat obesity, pending regulatory approval as a weight loss treatment. In October, Eli Lilly applied to the U.S. Food and Drug Administration (FDA) for approval of Mounjaro to treat chronic weight gain. A ruling by the regulator is expected within months. Some analysts forecasted it will become a top-selling medication. Eli Lilly is pulling out all the stops to be ready for the FDA approval.
Owing to the hype around Mounjaro, LLY stock has increased 58% this year. The company also pays a quarterly dividend of $1.13 for a yield of 0.78%.
Deckers Outdoor (DECK)
Source: shutterstock.com/Piotr Swat
Deckers Outdoor (NYSE:DECK) thrives on its popular shoe brands, which include Ugg boots and Teva sandals. The company’s Hoka running shoes are particularly popular and helping to drive the company to record earnings, pushing its share price to new heights. DECK stock is up 54% this year, including a double-digit gain after the company announced record financial results for Q3 of this year. In the last 12 months, the stock has risen 69% and is up 348% over five years. The Hoka running shoe brand has become a global bestseller and is taking share from rivals, such as Nike (NYSE:NKE).
Deckers Outdoor’s Q3 print was a blowout. The company reported earnings per share (EPS) of $6.82, well ahead of the $4.40 forecast on Wall Street. Revenue in the quarter rose 25% year-over-year to $1.09 billion, which topped the consensus estimate of $960.62 million. Both the earnings and revenue were records for Deckers Outdoor.
Looking forward, the company guided for EPS of $22.90 to $23.25 and revenue of $4.025 billion for its entire fiscal year. Both estimates are ahead of Wall Street forecasts. The company doesn’t pay a dividend, but its stock performance has been red hot.
On the date of publication, Joel Baglole held long positions in LLY and DECK. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The post The Importance of Brand Power: 3 Stocks to Consider appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor (DECK) Source: shutterstock.com/Piotr Swat Deckers Outdoor (NYSE:DECK) thrives on its popular shoe brands, which include Ugg boots and Teva sandals. DECK stock is up 54% this year, including a double-digit gain after the company announced record financial results for Q3 of this year. Deckers Outdoor’s Q3 print was a blowout.
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Deckers Outdoor (DECK) Source: shutterstock.com/Piotr Swat Deckers Outdoor (NYSE:DECK) thrives on its popular shoe brands, which include Ugg boots and Teva sandals. DECK stock is up 54% this year, including a double-digit gain after the company announced record financial results for Q3 of this year. Deckers Outdoor’s Q3 print was a blowout.
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DECK stock is up 54% this year, including a double-digit gain after the company announced record financial results for Q3 of this year. Deckers Outdoor (DECK) Source: shutterstock.com/Piotr Swat Deckers Outdoor (NYSE:DECK) thrives on its popular shoe brands, which include Ugg boots and Teva sandals. Deckers Outdoor’s Q3 print was a blowout.
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Deckers Outdoor (DECK) Source: shutterstock.com/Piotr Swat Deckers Outdoor (NYSE:DECK) thrives on its popular shoe brands, which include Ugg boots and Teva sandals. DECK stock is up 54% this year, including a double-digit gain after the company announced record financial results for Q3 of this year. Deckers Outdoor’s Q3 print was a blowout.
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13d07696-38d2-440b-bda2-913078dc56f8
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723692.0
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2023-11-03 00:00:00 UTC
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The Zacks Analyst Blog Highlights Walmart, The TJX Companies, Costco Wholesale, Deckers Outdoor and Ross Stores
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DECK
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-walmart-the-tjx-companies-costco-wholesale-deckers
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nan
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nan
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For Immediate Release
Chicago, IL – November 3, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Walmart Inc. WMT, The TJX Companies Inc. TJX, Costco Wholesale Corp. COST, Deckers Outdoor Corp. DECK and Ross Stores Inc. ROST.
Here are highlights from Thursday’s Analyst Blog:
5 Wholesalers to Buy Ahead of Holiday Season
With the onset of November, the U.S. economy has entered into the festive season. Recently, several economic data have shown that the fundamentals of the economy remain rock solid despite the Fed keeping the benchmark lending rate at 22 years high.
The U.S. economy grew at an astonishing 4.9% in third-quarter 2023. Personal expenditure climbed to 0.7% month over month in September despite dwindling personal income and savings rate. Retail sales also jumped 0.7% in September, surpassing the consensus mark of 0.3%.
Consequently, holiday retail sales are likely to remain strong this year. Mastercard SpendingPulse estimated holiday retail sales (excluding automotive) between Nov 1 and Dec 24, to increase 3.7% year over year. E-commerce and online sales are likely to grow 6.7% and 2.9%, respectively.
Research firm Deloitte estimated that the total holiday retail sales in 2023 will be in the range of $1.54 to $1.56 trillion during the November to January timeframe. This marks an year-over-year improvement of 3.5% to 4.6% in 2023. Deloitte also forecast that within the total holiday retail sales, e-commerce sales will account for $278 billion to $284 billion. This marks a year-over-year improvement of 10.3% to 12.8%.
Reuters reported that online sales are likely to grow 4.8% year over year during the holiday season of 2023. Bain & Company forecasts nominal U.S. retail sales to grow 3% year over year in November and December, reaching nearly $915 billion, with 90% of the growth coming from non-store (e-commerce and mail-order) sales.
Our Top Picks
We have narrowed our search to five heavyweight U.S. wholesale retailers that have strong potential for the rest of 2023. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Walmart Inc. has been benefiting from its robust omnichannel operations due to its efforts to enhance store and online experience. WMT has been particularly gaining from its efforts to boost delivery services.
Increased market share in grocery continued to boost U.S. comps in the first quarter of fiscal 2024. Strong comps growth globally, expense leverage and e-commerce growth across all units favored the company. WMT raised its guidance for fiscal 2024.
Walmart has an expected revenue and earnings growth rate of 95% and 2.4%, respectively, for the current year (ending January 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last seven days.
The TJX Companies Inc. is benefiting from its solid store and e-commerce growth efforts. TJX's off-price business model, strategic store locations, impressive brands and fashion products and supply-chain management have been working well. TJX's Marmaxx segment is doing particularly well, wherein comp store sales increased in the first quarter of fiscal 2024, backed by improved customer traffic.
The TJX Companies has an expected revenue and earnings growth rate of 17.5% and 19.6%, respectively, for the current year (ending January 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last seven days.
Costco Wholesale Corp. has been surviving the market turmoil buoyed by its key strengths are strategic investments, a customer-centric approach, merchandise initiatives, and an emphasis on membership growth. These factors have been helping COST register impressive sales and earnings numbers.
We expect Costco to register a 5.6% adjusted earnings per share improvement in fiscal 2024 on 3.7% revenue growth. This outlook accounts for the businesses' ability to navigate the ongoing inflationary environment and supply chain bottlenecks on several fronts. A favorable product mix, steady store traffic, pricing power and strong liquidity position should help COST going forward.
Costco Wholesale has an expected revenue and earnings growth rate of 4.6% and 7.2%, respectively, for the current year (ending August 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last seven days.
Deckers Outdoor Corp. has been benefiting from its strength in the UGG and HOKA brands. Solid gains from the direct-to-consumer channels, brand growth, a strong balance sheet and a stable operating model favor DECK.
Solid momentum in DECK's global wholesale business, driven by robust consumer demand in both domestic and international markets, appears encouraging as well. DECK envisions fiscal 2024 net sales to increase 11% from the prior-year quarter.
Deckers Outdoor has an expected revenue and earnings growth rate of 10.8% and 20.2%, respectively, for the current year (ending March 2024). The Zacks Consensus Estimate for current-year earnings has improved 4.2% over the last seven days.
Ross Stores Inc. has benefited from positive customer response to its improved merchandise and strong value offerings. ROST has been benefiting from the execution of its store expansion plans over the years.
ROST operates a chain of off-price retail apparel and home accessories stores, which target value-conscious men and women, aged 25 to 54 in middle-to-upper middle-class households. ROST has a proven business model as the competitive bargains it offers continue to make its stores attractive destinations for customers in all economic scenarios.
Ross Stores has an expected revenue and earnings growth rate of 7.1% and 19.4%, respectively, for the current year (ending January 2024). The Zacks Consensus Estimate for current-year earnings has improved 6.1% over the last 60 days.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The TJX Companies, Inc. (TJX) : Free Stock Analysis Report
Walmart Inc. (WMT) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
Ross Stores, Inc. (ROST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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COST, Deckers Outdoor Corp. DECK and Ross Stores Inc. ROST. Deckers Outdoor Corp. has been benefiting from its strength in the UGG and HOKA brands. Solid gains from the direct-to-consumer channels, brand growth, a strong balance sheet and a stable operating model favor DECK.
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Click to get this free report The TJX Companies, Inc. (TJX) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Ross Stores, Inc. (ROST) : Free Stock Analysis Report To read this article on Zacks.com click here. COST, Deckers Outdoor Corp. DECK and Ross Stores Inc. ROST. Deckers Outdoor Corp. has been benefiting from its strength in the UGG and HOKA brands.
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Click to get this free report The TJX Companies, Inc. (TJX) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Ross Stores, Inc. (ROST) : Free Stock Analysis Report To read this article on Zacks.com click here. COST, Deckers Outdoor Corp. DECK and Ross Stores Inc. ROST. Deckers Outdoor Corp. has been benefiting from its strength in the UGG and HOKA brands.
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COST, Deckers Outdoor Corp. DECK and Ross Stores Inc. ROST. Deckers Outdoor Corp. has been benefiting from its strength in the UGG and HOKA brands. Solid gains from the direct-to-consumer channels, brand growth, a strong balance sheet and a stable operating model favor DECK.
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2023-11-03 00:00:00 UTC
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Zacks.com featured highlights include Decker Outdoor, O'Reilly Automotive, Everest Group and Hilton Worldwide Holdings
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DECK
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-decker-outdoor-oreilly-automotive-everest-group-and
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For Immediate Release
Chicago, IL – November 3, 2023 – Stocks in this week’s article are Deckers Outdoor Corp. DECK, O'Reilly Automotive, Inc. ORLY, Everest Group, Ltd. EG and Hilton Worldwide Holdings Inc. HLT.
Tap These 4 Stocks with Amazing Interest Coverage Ratios
An ill-informed investor can lose cash if he wagers on a stock only on the basis of the numbers flashing on a real-time stock screen. A critical analysis of a company's financial background is always required for a better investment decision, especially at a time when the stock market is juggling myriad issues.
Often, investors evaluate a company's performance by simply looking at its sales and earnings, which sometimes do not reveal the real picture. To be more precise, they do not tell whether a company's fundamentals are sound enough to meet its financial obligations. Here, the coverage ratio comes into play — the higher the metric, the more efficient an enterprise will be in meeting its financial obligations.
Why Interest Coverage Ratio?
The interest coverage ratio is used to determine how effectively a company can pay interest charges on its debt.
Debt, which is crucial to financing operations for the majority of companies, comes at a cost called interest. Interest expense has a direct bearing on the profitability of a company. The company's creditworthiness depends on how effectively it meets its interest obligations. Therefore, interest coverage ratio is one of the important criteria to factor in before making any investment decision.
Interest Coverage Ratio = Earnings before Interest & Taxes (EBIT) divided by Interest Expense.
Interest coverage ratio suggests how many times the interest could be paid from earnings and gauges the margin of safety a firm has for paying interest.
An interest coverage ratio lower than one suggests that the company is unable to fulfill its interest obligations and could default on repaying debt. A company capable of generating earnings well above its interest expense can withstand financial hardships. One should also track the company's past performance to determine whether the interest coverage ratio has improved or worsened over a period of time.
Deckers Outdoor Corp., O'Reilly Automotive, Inc., Everest Group, Ltd. and Hilton Worldwide Holdings Inc. boast an impressive interest coverage ratio.
Here are four of the 11 stocks that qualified the screening:
Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, sports a Zacks Rank #1. The stock has a VGM Score of B. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Deckers' current financial year sales and EPS suggests growth of 11.1% and 20.2%, respectively, from the year-ago period. DECK has a trailing four-quarter earnings surprise of 26.3%, on average. The stock has rallied 66.8% in the past year.
O'Reilly Automotive, which operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories, carries a Zacks Rank #2 and has a VGM Score of B.
The Zacks Consensus Estimate for O'Reilly Automotive's current financial year sales and EPS suggests growth of 9.6% and 14%, respectively, from the year-ago period. ORLY has a trailing four-quarter earnings surprise of 4.3%, on average. The stock has risen 15.4% in the past year.
Everest Group, a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, carries a Zacks Rank #2 and has a VGM Score of A.
The Zacks Consensus Estimate for Everest Group's current financial year sales and EPS suggests growth of 18.6% and 94.9%, respectively, from the year-ago period. Everest Group has a trailing four-quarter earnings surprise of 24.5%, on average. The stock has advanced 21.5% in the past year.
Hilton Worldwide, a leading global hospitality company, carries a Zacks Rank #2 and has a VGM Score of A.
The Zacks Consensus Estimate for Hilton's current financial year sales and EPS suggests growth of 15.8% and 24.1%, respectively, from the year-ago period. Hilton has a trailing four-quarter earnings surprise of 11.3%, on average. The stock has risen 17.6% in the past year.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2177570/tap-these-4-stocks-with-amazing-interest-coverage-ratio
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report
Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report
Everest Group, Ltd. (EG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – November 3, 2023 – Stocks in this week’s article are Deckers Outdoor Corp. DECK, O'Reilly Automotive, Inc. ORLY, Everest Group, Ltd. EG and Hilton Worldwide Holdings Inc. HLT. Here are four of the 11 stocks that qualified the screening: Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, sports a Zacks Rank #1. Deckers Outdoor Corp., O'Reilly Automotive, Inc., Everest Group, Ltd. and Hilton Worldwide Holdings Inc. boast an impressive interest coverage ratio.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report Everest Group, Ltd. (EG) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – November 3, 2023 – Stocks in this week’s article are Deckers Outdoor Corp. DECK, O'Reilly Automotive, Inc. ORLY, Everest Group, Ltd. EG and Hilton Worldwide Holdings Inc. HLT. Deckers Outdoor Corp., O'Reilly Automotive, Inc., Everest Group, Ltd. and Hilton Worldwide Holdings Inc. boast an impressive interest coverage ratio.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report Everest Group, Ltd. (EG) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – November 3, 2023 – Stocks in this week’s article are Deckers Outdoor Corp. DECK, O'Reilly Automotive, Inc. ORLY, Everest Group, Ltd. EG and Hilton Worldwide Holdings Inc. HLT. Deckers Outdoor Corp., O'Reilly Automotive, Inc., Everest Group, Ltd. and Hilton Worldwide Holdings Inc. boast an impressive interest coverage ratio.
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For Immediate Release Chicago, IL – November 3, 2023 – Stocks in this week’s article are Deckers Outdoor Corp. DECK, O'Reilly Automotive, Inc. ORLY, Everest Group, Ltd. EG and Hilton Worldwide Holdings Inc. HLT. Deckers Outdoor Corp., O'Reilly Automotive, Inc., Everest Group, Ltd. and Hilton Worldwide Holdings Inc. boast an impressive interest coverage ratio. Here are four of the 11 stocks that qualified the screening: Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, sports a Zacks Rank #1.
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2023-11-02 00:00:00 UTC
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Wall Street to Turn Around in Final Months of 2023: 5 Winners
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DECK
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https://www.nasdaq.com/articles/wall-street-to-turn-around-in-final-months-of-2023%3A-5-winners
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Major indexes in the United States registered their worst performance in five years last month and posted the third successive monthly loss, marking the longest losing streak since March 2020. Tension in the Middle East and high Treasury yields damaged the appeal of riskier assets like stocks.
However, amid the gloom, market pundits expect the stock market to bounce back in the final months of this year. This is because stocks, traditionally, have seen strong performance in the final three months of any year. Lest we forget, investors traditionally sell stocks in May only and return at the end of September or October to make most of the year-end upward wave.
Carson Group’s Ryan Detrick added that by analyzing FactSet data, he found out that the broader S&P 500 Index historically gained in November after falling in August, September and October.
Moreover, stocks have already indicated that they have reached the bottom and are now poised to scale northward. For instance, the S&P 500, after falling into the correction territory last week, has recovered some ground so far this week.
In reality, U.S. stocks finished higher during the first day of trading in November, thanks to the Federal Reserve keeping interest rates unchanged in its latest policy meeting. As widely anticipated, the central bank kept the interest rates in the range of 5.25% to 5.5%.
Fed Chairman Jerome Powell also reassured that there is a growing possibility that the rate-hiking cycle is over since the slew of interest rate hikes for quite some time now has put downward pressure on inflation. Needless to say, the Fed’s decision to hold rates steady boosted the stock market since rate hikes hamper economic growth, curtail consumer outlays, and increase the cost of borrowing.
Meanwhile, the U.S. economy remains in sound shape, and that may help stocks gain traction soon. The third-quarter GDP expanded at an annualized rate of 4.9%, the fastest growth in nearly two years, per the U.S. Bureau of Economic Analysis. An uptick in consumer spending helped the economy to accelerate.
Thus, with things looking up for the economy vis-a-vis the stock market, it’s prudent for investors to place bets on stocks that are positioned to scale upward. These stocks carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and have a Growth Score of A or B, a combination that offers the best opportunities in the growth investing space. You can see the complete list of today’s Zacks Rank #1 stocks here.
American Woodmark AMWD is the third-largest manufacturer of kitchen and bath cabinets. American Woodmark, currently, has a Zacks Rank #1 and a Growth Score of A.
The Zacks Consensus Estimate for its current-year earnings has moved up 18.3% over the past 60 days. AMWD’s expected earnings growth rate for the current year is 4.9%.
Amazon.com AMZN is one of the largest e-commerce providers. Amazon, currently, has a Zacks Rank #2 and a Growth Score of B.
The Zacks Consensus Estimate for its current-year earnings has moved up 18.4% over the past 60 days. AMZN’s expected earnings growth rate for the current year is 271.8%.
BuildABear Workshop BBW is the leading and only national company providing a make-your-own stuffed animal interactive retail entertainment experience. BuildABear Workshop, currently, has a Zacks Rank #1 and a Growth Score of A.
The Zacks Consensus Estimate for its current-year earnings has moved up 2.3% over the past 60 days. BBW’s expected earnings growth rate for the current year is 16.9%.
Caterpillar CAT is the largest global construction and mining equipment manufacturer. Caterpillar, currently, has a Zacks Rank #2 and a Growth Score of B.
The Zacks Consensus Estimate for its current-year earnings has moved up 1.5% over the past 60 days. CAT’s expected earnings growth rate for the current year is 45.3%.
Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories. Deckers Outdoor, currently, has a Zacks Rank #1 and a Growth Score of A.
The Zacks Consensus Estimate for its current-year earnings has moved up 4% over the past 60 days. DECK’s expected earnings growth rate for the current year is 20.2%.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Caterpillar Inc. (CAT) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
American Woodmark Corporation (AMWD) : Free Stock Analysis Report
Build-A-Bear Workshop, Inc. (BBW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories. Deckers Outdoor, currently, has a Zacks Rank #1 and a Growth Score of A. DECK’s expected earnings growth rate for the current year is 20.2%.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report American Woodmark Corporation (AMWD) : Free Stock Analysis Report Build-A-Bear Workshop, Inc. (BBW) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories. Deckers Outdoor, currently, has a Zacks Rank #1 and a Growth Score of A.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report American Woodmark Corporation (AMWD) : Free Stock Analysis Report Build-A-Bear Workshop, Inc. (BBW) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories. Deckers Outdoor, currently, has a Zacks Rank #1 and a Growth Score of A.
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Deckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories. Deckers Outdoor, currently, has a Zacks Rank #1 and a Growth Score of A. DECK’s expected earnings growth rate for the current year is 20.2%.
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2023-11-02 00:00:00 UTC
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5 Wholesalers to Buy Ahead of the Holiday Season
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https://www.nasdaq.com/articles/5-wholesalers-to-buy-ahead-of-the-holiday-season
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With the onset of November, the U.S. economy has entered into the festive season. Recently, reported several economic data have shown that the fundamentals of the economy remain rock solid despite the Fed kept the benchmark lending rate at 22 years high.
The U.S. economy grew at an astonishing 4.9% in third-quarter 2023. Personal expenditure climbed to 0.7% month over month in September despite dwindling personal income and savings rate. Retail sales also jumped 0.7% in September, surpassing the consensus mark of 0.3%.
Consequently, holiday retail sales are likely to remain strong this year. Mastercard SpendingPulse estimated holiday retail sales (excluding automotive) between Nov 1 and Dec 24, to increase 3.7% year over year. E-commerce and online sales are likely to grow 6.7% and 2.9%, respectively.
Research firm Deloitte estimated that the total holiday retail sales in 2023 will be in the range of $1.54 to $1.56 trillion during the November to January timeframe. This marks an year-over-year improvement of 3.5% to 4.6% in 2023. Deloitte also forecast that within the total holiday retail sales, e-commerce sales will account for $278 billion to $284 billion. This marks a year-over-year improvement of 10.3% to 12.8%.
Reuters reported that online sales are likely to grow 4.8% year over year during the holiday season of 2023. Bain & Company forecasts nominal U.S. retail sales to grow 3% year over year in November and December, reaching nearly $915 billion, with 90% of the growth coming from non-store (e-commerce and mail-order) sales.
Our Top Picks
We have narrowed our search to five heavyweight U.S. wholesale retailers that have strong potential for the rest of 2023. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The chart below shows the price performance of our five picks in the past month.
Image Source: Zacks Investment Research
Walmart Inc. WMT has been benefiting from its robust omnichannel operations due to its efforts to enhance store and online experience. WMT has been particularly gaining from its efforts to boost delivery services.
Increased market share in grocery continued to boost U.S. comps in the first quarter of fiscal 2024. Strong comps growth globally, expense leverage and e-commerce growth across all units favored the company. WMT raised its guidance for fiscal 2024.
Walmart has an expected revenue and earnings growth rate of 95% and 2.4%, respectively, for the current year (ending January 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last seven days.
The TJX Companies Inc. TJX is benefiting from its solid store and e-commerce growth efforts. TJX’s off-price business model, strategic store locations, impressive brands and fashion products and supply-chain management have been working well. TJX’s Marmaxx segment is doing particularly well, wherein comp store sales increased in the first quarter of fiscal 2024, backed by improved customer traffic.
The TJX Companies has an expected revenue and earnings growth rate of 17.5% and 19.6%, respectively, for the current year (ending January 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last seven days.
Costco Wholesale Corp. COST has been surviving the market turmoil buoyed by its key strengths are strategic investments, a customer-centric approach, merchandise initiatives, and an emphasis on membership growth. These factors have been helping COST register impressive sales and earnings numbers.
We expect Costco to register a 5.6% adjusted earnings per share improvement in fiscal 2024 on 3.7% revenue growth. This outlook accounts for the businesses’ ability to navigate the ongoing inflationary environment and supply chain bottlenecks on several fronts. A favorable product mix, steady store traffic, pricing power and strong liquidity position should help COST going forward.
Costco Wholesale has an expected revenue and earnings growth rate of 4.6% and 7.2%, respectively, for the current year (ending August 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last seven days.
Deckers Outdoor Corp. DECK has been benefiting from its strength in the UGG and HOKA brands. Solid gains from the direct-to-consumer channels, brand growth, a strong balance sheet and a stable operating model favor DECK.
Solid momentum in DECK’s global wholesale business, driven by robust consumer demand in both domestic and international markets, appears encouraging as well. DECK envisions fiscal 2024 net sales to increase 11% from the prior-year quarter.
Deckers Outdoor has an expected revenue and earnings growth rate of 10.8% and 20.2%, respectively, for the current year (ending March 2024). The Zacks Consensus Estimate for current-year earnings has improved 4.2% over the last seven days.
Ross Stores Inc. ROST has benefited from positive customer response to its improved merchandise and strong value offerings. ROST has been benefiting from the execution of its store expansion plans over the years.
ROST operates a chain of off-price retail apparel and home accessories stores, which target value-conscious men and women, aged 25 to 54 in middle-to-upper middle-class households. ROST has a proven business model as the competitive bargains it offers continue to make its stores attractive destinations for customers in all economic scenarios.
Ross Stores has an expected revenue and earnings growth rate of 7.1% and 19.4%, respectively, for the current year (ending January 2024). The Zacks Consensus Estimate for current-year earnings has improved 6.1% over the last 60 days.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The TJX Companies, Inc. (TJX) : Free Stock Analysis Report
Walmart Inc. (WMT) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
Ross Stores, Inc. (ROST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. DECK has been benefiting from its strength in the UGG and HOKA brands. Solid gains from the direct-to-consumer channels, brand growth, a strong balance sheet and a stable operating model favor DECK. Solid momentum in DECK’s global wholesale business, driven by robust consumer demand in both domestic and international markets, appears encouraging as well.
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Click to get this free report The TJX Companies, Inc. (TJX) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Ross Stores, Inc. (ROST) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK has been benefiting from its strength in the UGG and HOKA brands. Solid gains from the direct-to-consumer channels, brand growth, a strong balance sheet and a stable operating model favor DECK.
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Click to get this free report The TJX Companies, Inc. (TJX) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Ross Stores, Inc. (ROST) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK has been benefiting from its strength in the UGG and HOKA brands. Solid gains from the direct-to-consumer channels, brand growth, a strong balance sheet and a stable operating model favor DECK.
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Deckers Outdoor Corp. DECK has been benefiting from its strength in the UGG and HOKA brands. Solid gains from the direct-to-consumer channels, brand growth, a strong balance sheet and a stable operating model favor DECK. Solid momentum in DECK’s global wholesale business, driven by robust consumer demand in both domestic and international markets, appears encouraging as well.
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3e7fd94f-c9eb-4d14-85b8-77321b3c7d08
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723696.0
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2023-11-02 00:00:00 UTC
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Deckers Outdoor Corp. Shares Close in on 52-Week High - Market Mover
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-close-in-on-52-week-high-market-mover-7
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 0.9% below its 52 week high of $602.50, giving the company a market cap of $15B. The stock is currently up 50.6% year-to-date, up 73.4% over the past 12 months, and up 356.4% over the past five years. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 4.4%.
Trading Activity
Trading volume this week was 21.3% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -691.9%
The company's stock price performance over the past 12 months beats the peer average by 819.0%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 132.6% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.9% below its 52 week high of $602.50, giving the company a market cap of $15B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -691.9% The company's stock price performance over the past 12 months beats the peer average by 819.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 132.6% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.9% below its 52 week high of $602.50, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 4.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.9% below its 52 week high of $602.50, giving the company a market cap of $15B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -691.9% The company's stock price performance over the past 12 months beats the peer average by 819.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 132.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Deckers Outdoor Corp. (DECK) shares closed today at 0.9% below its 52 week high of $602.50, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 4.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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51bff7c4-88cd-4b1c-bebb-7db000fd9d2e
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723697.0
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2023-11-02 00:00:00 UTC
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5 Wholesale Retailers to Buy Ahead of the Holiday Season
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DECK
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https://www.nasdaq.com/articles/5-wholesale-retailers-to-buy-ahead-of-the-holiday-season
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nan
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nan
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With the onset of November, the U.S. economy has entered into the festive season. Recently, reported several economic data have shown that the fundamentals of the economy remain rock solid despite the Fed kept the benchmark lending rate at 22 years high.
The U.S. economy grew at an astonishing 4.9% in third-quarter 2023. Personal expenditure climbed to 0.7% month over month in September despite dwindling personal income and savings rate. Retail sales also jumped 0.7% in September, surpassing the consensus mark of 0.3%.
Consequently, holiday retail sales are likely to remain strong this year. Mastercard SpendingPulse estimated holiday retail sales (excluding automotive) between Nov 1 and Dec 24, to increase 3.7% year over year. E-commerce and online sales are likely to grow 6.7% and 2.9%, respectively.
Research firm Deloitte estimated that the total holiday retail sales in 2023 will be in the range of $1.54 to $1.56 trillion during the November to January timeframe. This marks an year-over-year improvement of 3.5% to 4.6% in 2023. Deloitte also forecast that within the total holiday retail sales, e-commerce sales will account for $278 billion to $284 billion. This marks a year-over-year improvement of 10.3% to 12.8%.
Reuters reported that online sales are likely to grow 4.8% year over year during the holiday season of 2023. Bain & Company forecasts nominal U.S. retail sales to grow 3% year over year in November and December, reaching nearly $915 billion, with 90% of the growth coming from non-store (e-commerce and mail-order) sales.
Our Top Picks
We have narrowed our search to five heavyweight U.S. wholesale retailers that have strong potential for the rest of 2023. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The chart below shows the price performance of our five picks in the past month.
Image Source: Zacks Investment Research
Walmart Inc. WMT has been benefiting from its robust omnichannel operations due to its efforts to enhance store and online experience. WMT has been particularly gaining from its efforts to boost delivery services.
Increased market share in grocery continued to boost U.S. comps in the first quarter of fiscal 2024. Strong comps growth globally, expense leverage and e-commerce growth across all units favored the company. WMT raised its guidance for fiscal 2024.
Walmart has an expected revenue and earnings growth rate of 95% and 2.4%, respectively, for the current year (ending January 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last seven days.
The TJX Companies Inc. TJX is benefiting from its solid store and e-commerce growth efforts. TJX’s off-price business model, strategic store locations, impressive brands and fashion products and supply-chain management have been working well. TJX’s Marmaxx segment is doing particularly well, wherein comp store sales increased in the first quarter of fiscal 2024, backed by improved customer traffic.
The TJX Companies has an expected revenue and earnings growth rate of 17.5% and 19.6%, respectively, for the current year (ending January 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last seven days.
Costco Wholesale Corp. COST has been surviving the market turmoil buoyed by its key strengths are strategic investments, a customer-centric approach, merchandise initiatives, and an emphasis on membership growth. These factors have been helping COST register impressive sales and earnings numbers.
We expect Costco to register a 5.6% adjusted earnings per share improvement in fiscal 2024 on 3.7% revenue growth. This outlook accounts for the businesses’ ability to navigate the ongoing inflationary environment and supply chain bottlenecks on several fronts. A favorable product mix, steady store traffic, pricing power and strong liquidity position should help COST going forward.
Costco Wholesale has an expected revenue and earnings growth rate of 4.6% and 7.2%, respectively, for the current year (ending August 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last seven days.
Deckers Outdoor Corp. DECK has been benefiting from its strength in the UGG and HOKA brands. Solid gains from the direct-to-consumer channels, brand growth, a strong balance sheet and a stable operating model favor DECK.
Solid momentum in DECK’s global wholesale business, driven by robust consumer demand in both domestic and international markets, appears encouraging as well. DECK envisions fiscal 2024 net sales to increase 11% from the prior-year quarter.
Deckers Outdoor has an expected revenue and earnings growth rate of 10.8% and 20.2%, respectively, for the current year (ending March 2024). The Zacks Consensus Estimate for current-year earnings has improved 4.2% over the last seven days.
Ross Stores Inc. ROST has benefited from positive customer response to its improved merchandise and strong value offerings. ROST has been benefiting from the execution of its store expansion plans over the years.
ROST operates a chain of off-price retail apparel and home accessories stores, which target value-conscious men and women, aged 25 to 54 in middle-to-upper middle-class households. ROST has a proven business model as the competitive bargains it offers continue to make its stores attractive destinations for customers in all economic scenarios.
Ross Stores has an expected revenue and earnings growth rate of 7.1% and 19.4%, respectively, for the current year (ending January 2024). The Zacks Consensus Estimate for current-year earnings has improved 6.1% over the last 60 days.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The TJX Companies, Inc. (TJX) : Free Stock Analysis Report
Walmart Inc. (WMT) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
Ross Stores, Inc. (ROST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. DECK has been benefiting from its strength in the UGG and HOKA brands. Solid gains from the direct-to-consumer channels, brand growth, a strong balance sheet and a stable operating model favor DECK. Solid momentum in DECK’s global wholesale business, driven by robust consumer demand in both domestic and international markets, appears encouraging as well.
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Click to get this free report The TJX Companies, Inc. (TJX) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Ross Stores, Inc. (ROST) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK has been benefiting from its strength in the UGG and HOKA brands. Solid gains from the direct-to-consumer channels, brand growth, a strong balance sheet and a stable operating model favor DECK.
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Click to get this free report The TJX Companies, Inc. (TJX) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Ross Stores, Inc. (ROST) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK has been benefiting from its strength in the UGG and HOKA brands. Solid gains from the direct-to-consumer channels, brand growth, a strong balance sheet and a stable operating model favor DECK.
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Deckers Outdoor Corp. DECK has been benefiting from its strength in the UGG and HOKA brands. Solid gains from the direct-to-consumer channels, brand growth, a strong balance sheet and a stable operating model favor DECK. Solid momentum in DECK’s global wholesale business, driven by robust consumer demand in both domestic and international markets, appears encouraging as well.
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3367a2cb-67a8-4fd0-bbc5-f786be490a14
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723698.0
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2023-11-02 00:00:00 UTC
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Tap These 4 Stocks With Amazing Interest Coverage Ratio
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DECK
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https://www.nasdaq.com/articles/tap-these-4-stocks-with-amazing-interest-coverage-ratio-0
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nan
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nan
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An ill-informed investor can lose cash if he wagers on a stock only on the basis of the numbers flashing on a real-time stock screen. A critical analysis of a company’s financial background is always required for a better investment decision, especially at a time when the stock market is juggling myriad issues.
Often, investors evaluate a company’s performance by simply looking at its sales and earnings, which sometimes do not reveal the real picture. To be more precise, they do not tell whether a company’s fundamentals are sound enough to meet its financial obligations. Here, the coverage ratio comes into play — the higher the metric, the more efficient an enterprise will be in meeting its financial obligations.
Why Interest Coverage Ratio?
The interest coverage ratio is used to determine how effectively a company can pay interest charges on its debt.
Debt, which is crucial to financing operations for the majority of companies, comes at a cost called interest. Interest expense has a direct bearing on the profitability of a company. The company’s creditworthiness depends on how effectively it meets its interest obligations. Therefore, interest coverage ratio is one of the important criteria to factor in before making any investment decision.
Interest Coverage Ratio = Earnings before Interest & Taxes (EBIT) divided by Interest Expense.
Interest coverage ratio suggests how many times the interest could be paid from earnings and gauges the margin of safety a firm has for paying interest.
An interest coverage ratio lower than one suggests that the company is unable to fulfill its interest obligations and could default on repaying debt. A company capable of generating earnings well above its interest expense can withstand financial hardships. One should also track the company’s past performance to determine whether the interest coverage ratio has improved or worsened over a period of time.
Deckers Outdoor Corporation DECK, O'Reilly Automotive, Inc. ORLY, Everest Group, Ltd. EG and Hilton Worldwide Holdings Inc. HLT boast an impressive interest coverage ratio.
The Winning Strategy
Apart from having an interest coverage ratio that is more than the industry average, adding a favorable Zacks Rank and a VGM Score of A or B to your search criteria should lead to better results.
Interest coverage ratio greater than X-Industry Median
Price greater than or equal to 5: The stocks must all be trading at a minimum of $5 or higher.
5-Year Historical EPS Growth (%) greater than X-Industry Median: Stocks with a strong EPS growth history.
Projected EPS Growth (%) greater than X-Industry Median: This is the projected EPS growth over the next three to five years. This shows that the stock has near-term earnings growth potential.
Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that the stock is easily tradable.
Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.
VGM Score of less than or equal to B: Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential.
Here are four of the 11 stocks that qualified the screening:
Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, sports a Zacks Rank #1. The stock has a VGM Score of B. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 11.1% and 20.2%, respectively, from the year-ago period. DECK has a trailing four-quarter earnings surprise of 26.3%, on average. The stock has rallied 66.8% in the past year.
O'Reilly Automotive, which operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories, carries a Zacks Rank #2 and has a VGM Score of B.
The Zacks Consensus Estimate for O'Reilly Automotive’s current financial year sales and EPS suggests growth of 9.6% and 14%, respectively, from the year-ago period. ORLY has a trailing four-quarter earnings surprise of 4.3%, on average. The stock has risen 15.4% in the past year.
Everest Group, a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, carries a Zacks Rank #2 and has a VGM Score of A.
The Zacks Consensus Estimate for Everest Group’s current financial year sales and EPS suggests growth of 18.6% and 94.9%, respectively, from the year-ago period. Everest Group has a trailing four-quarter earnings surprise of 24.5%, on average. The stock has advanced 21.5% in the past year.
Hilton Worldwide, a leading global hospitality company, carries a Zacks Rank #2 and has a VGM Score of A.
The Zacks Consensus Estimate for Hilton’s current financial year sales and EPS suggests growth of 15.8% and 24.1%, respectively, from the year-ago period. Hilton has a trailing four-quarter earnings surprise of 11.3%, on average. The stock has risen 17.6% in the past year.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report
Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report
Everest Group, Ltd. (EG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation DECK, O'Reilly Automotive, Inc. ORLY, Everest Group, Ltd. EG and Hilton Worldwide Holdings Inc. HLT boast an impressive interest coverage ratio. Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, sports a Zacks Rank #1. The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 11.1% and 20.2%, respectively, from the year-ago period.
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Deckers Outdoor Corporation DECK, O'Reilly Automotive, Inc. ORLY, Everest Group, Ltd. EG and Hilton Worldwide Holdings Inc. HLT boast an impressive interest coverage ratio. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report Everest Group, Ltd. (EG) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, sports a Zacks Rank #1.
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Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report Everest Group, Ltd. (EG) : Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK, O'Reilly Automotive, Inc. ORLY, Everest Group, Ltd. EG and Hilton Worldwide Holdings Inc. HLT boast an impressive interest coverage ratio. Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, sports a Zacks Rank #1.
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Deckers Outdoor Corporation DECK, O'Reilly Automotive, Inc. ORLY, Everest Group, Ltd. EG and Hilton Worldwide Holdings Inc. HLT boast an impressive interest coverage ratio. Deckers, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, sports a Zacks Rank #1. The Zacks Consensus Estimate for Deckers’ current financial year sales and EPS suggests growth of 11.1% and 20.2%, respectively, from the year-ago period.
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e43d5e46-8dd2-4dd1-b91f-97856eb410e1
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723699.0
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2023-11-01 00:00:00 UTC
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3 Top-Ranked Stocks Delivering Long-Term Outperformance
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DECK
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https://www.nasdaq.com/articles/3-top-ranked-stocks-delivering-long-term-outperformance
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nan
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nan
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Investors are always searching for stocks that deliver market-beating gains. Interestingly, many non-tech stocks have done precisely that over the last decade, exceeding the S&P 500’s impressive 220% gain and 12% annualized return.
Three stocks – Deckers Outdoor DECK, Sherwin-Williams SHW, and Arista Networks ANET – have all outperformed the S&P 500 over the last decade. This is illustrated below.
Image Source: Zacks Investment Research
On top of market-beating performances, all three currently sport a favorable Zacks Rank, with analysts positively raising their expectations. Let’s take a closer look at each.
Sherwin-Williams
Sherwin-Williams, a Zacks Rank #1 (Strong Buy), manufactures paints, coatings, and other related products. Analysts raised their expectations across the board following the company’s latest quarterly release.
Image Source: Zacks Investment Research
The company’s quarterly results have been strong in 2023, exceeding the Zacks Consensus EPS Estimate by an average of 12.6% across its last four prints. In its latest release, SHW posted a 15% EPS beat and reported revenue 2% ahead of expectations.
Image Source: Zacks Investment Research
Interestingly enough, the CEO of Sherwin-Williams recently swooped in and purchased 2125 shares, with the transaction totaling just above $500 thousand. Insider purchases are closely monitored, with buys commonly injecting positive sentiment within shareholders.
Deckers Outdoor
Deckers Outdoor is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The stock is currently a Zacks Rank #1 (Strong Buy), with the revisions trend particularly bullish for its current fiscal year.
Image Source: Zacks Investment Research
The company’s growth profile is hard to ignore, further reflected by its Style Score of “A” for Growth. The company’s earnings are forecasted to climb 20% in its current year on 11% higher revenues, with FY25 estimates suggesting an additional 12% growth in earnings paired with a 10% sales bump.
Image Source: Zacks Investment Research
Deckers has a strong track record of exceeding quarterly expectations, beating the Zacks Consensus EPS Estimate by an average of 26% across its last four releases. In its latest print, the company posted a 54% beat and reported revenue 14% above expectations.
Shares have regularly seen bullish activity post-earnings in 2023, as we can see below.
Image Source: Zacks Investment Research
Arista Networks
Arista Networks shares have benefited nicely from the AI frenzy in 2023, up more than 60% year-to-date and widely outperforming relative to the S&P 500. The stock is a Zacks Rank #1 (Strong Buy), with the consensus EPS estimate for its current fiscal year up 34% since October of last year.
Image Source: Zacks Investment Research
The company recently posted quarterly results that impressed the market, a continuation of a trend in 2023. In its latest print, ANET posted a 15% EPS surprise and reported revenue 2% ahead of expectations, with both items improving notably from the same period last year.
As shown below, ANET’s revenue growth has been remarkable over the recent years, picking up considerable steam post-pandemic lows.
Image Source: Zacks Investment Research
Investors will have to fork up a premium for ANET shares, with the current 32.5X forward earnings multiple undoubtedly residing on the higher end. Still, investors have had little issue forking up the premium given ANET’s forecasted growth, with earnings forecasted to climb 35% in its current year paired with a 33% revenue boost.
Image Source: Zacks Investment Research
Bottom Line
Market-beating returns appeal to any investor. And for those seeking long-term outperformers, all three stocks above – Deckers Outdoor DECK, Sherwin-Williams SHW, and Arista Networks ANET – precisely fit the criteria.
In addition to outperformance, all three sport a favorable Zacks Rank, reflecting optimism among analysts.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Sherwin-Williams Company (SHW) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And for those seeking long-term outperformers, all three stocks above – Deckers Outdoor DECK, Sherwin-Williams SHW, and Arista Networks ANET – precisely fit the criteria. Three stocks – Deckers Outdoor DECK, Sherwin-Williams SHW, and Arista Networks ANET – have all outperformed the S&P 500 over the last decade. Deckers Outdoor Deckers Outdoor is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Image Source: Zacks Investment Research Deckers has a strong track record of exceeding quarterly expectations, beating the Zacks Consensus EPS Estimate by an average of 26% across its last four releases. Click to get this free report The Sherwin-Williams Company (SHW) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Three stocks – Deckers Outdoor DECK, Sherwin-Williams SHW, and Arista Networks ANET – have all outperformed the S&P 500 over the last decade.
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Image Source: Zacks Investment Research Deckers has a strong track record of exceeding quarterly expectations, beating the Zacks Consensus EPS Estimate by an average of 26% across its last four releases. Click to get this free report The Sherwin-Williams Company (SHW) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Three stocks – Deckers Outdoor DECK, Sherwin-Williams SHW, and Arista Networks ANET – have all outperformed the S&P 500 over the last decade.
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Three stocks – Deckers Outdoor DECK, Sherwin-Williams SHW, and Arista Networks ANET – have all outperformed the S&P 500 over the last decade. Deckers Outdoor Deckers Outdoor is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. Image Source: Zacks Investment Research Deckers has a strong track record of exceeding quarterly expectations, beating the Zacks Consensus EPS Estimate by an average of 26% across its last four releases.
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