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724200.0
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2019-03-08 00:00:00 UTC
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5 Stocks That Rose More Than 100% in the Trump Era
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DECK
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https://www.nasdaq.com/articles/5-stocks-rose-more-100-trump-era-2019-03-08
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nan
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nan
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Of all the presidents to grace the White House, Donald Trump possibly stands out for his eagerness to claim credit for the stock market surge during his tenure. Now, as he seeks a second term in office, he is likely to base his campaign on these very successes, per recen t report s.
Whether Trump can truly take the credit for a strong economy and equity markets is a matter of debate. What is for certain is that the economy remains robust despite the slowdown whispers.
Further, equity markets have recovered from the slowdown they suffered last year and are continuing largely unhindered on their Bull Run. This is why it makes sense to invest in stocks that have gained exponentially during the Trump era.
Trump Era Witnesses Tremendous Market Surge
The tremendous surge of market indexes in the Trump era is a recorded fact. When Trump ascended to the presidency on Nov 8, 2016, the Dow was hovering around the 18,000 mark.
Since then it has surged more than 35% as has the S&P 500. Gains for the Nasdaq have been even more spectacular, with the tech-heavy index notching up a stunning 45% surge during this period.
A market slump of sorts did take place in late 2018, ending with the most disastrous ever performance on Christmas Eve. This was largely attributable to concerns about global trade and the hawkish approach of the Fed at that time.
But benchmarks have staged a strong recovery since then with the Dow, S&P 500 and Nasdaq each up more than 18% from their December lows. This is largely attributable to speculation that the Fed will freeze rate hikes for the year. But an impending U.S.-China trade deal may have been an even greater catalyst for recent gains.
Trade Deal Crucial for Continuing Equity Market Successes
It comes as no surprise then that Trump is aggressively pursuing a trade deal with China in hopes of lifting equity markets ahead of his reelection bid. On Mar 6, CNBC cited sources to reveal that the U.S. President is looking to hasten the deal-making process in order to boost markets.
The report follows another by Bloomberg, which claimed that Trump knows that the process of trade negotiations has boosted markets significantly in recent times. This has helped to extend the duration of a rally, which is on the verge of setting a new record.
On Wednesday, the U.S. President said trade negotiations with China were "moving along." Per Bloomberg, the President is likely concerned that the inability to seal a trade deal will take the wind out of the current rally. Stocks have been listless recently as news on the progress of trade negotiations grows scarce.
Our Choices
President Trump is acutely aware that his chances of a reelection are hugely dependent on the state of equity markets. This is why he will likely ensure that a trade deal of some nature is sealed with China. This would go a long way toward maintaining the momentum of stocks, which have surged during his tenure.
Investing in stocks that have surged during the Trump presidency makes good sense. However, picking winning stocks may be difficult.
This is where our VGM Score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM Score.
We have narrowed down our search to the following stocks, each of which has gained 100% during the Trump era, have a Zacks Rank #1 (Strong Buy) and a VGM Score of A. You can see the complete list of today's Zacks #1 Rank stocks here.
Anthem, Inc.ANTM is one of the largest publicly traded managed care organizations in terms of membership.
Anthem's projected growth rate for the current year is 20.4%. The Zacks Consensus Estimate for the current year has improved 0.03% over the past 30 days.
Deckers Outdoor CorporationDECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
Deckers Outdoor's projected growth rate for the current year is 38.1%.
Heidrick & Struggles International, Inc.HSII is a provider of leadership consulting, culture shaping and senior-level executive search services.
Heidrick & Struggles' projected growth rate for the current year is 3%.The Zacks Consensus Estimate for the current year has improved 6.6% over the past 30 days.
Molina Healthcare, Inc.MOH is a multi-state managed care organization, participating exclusively in government-sponsored healthcare programs.
Molina Healthcare's Zacks Consensus Estimate for the current year has improved 5.7% over the past 30 days.
Insperity, Inc.NSP is an integrated human resources and business solutions provider.
Insperity's projected growth rate for the current year is 23%.The Zacks Consensus Estimate for the current year has improved 7.5% over the past 30 days.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 - 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks 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
Anthem, Inc. (ANTM): Free Stock Analysis Report
Molina Healthcare, Inc (MOH): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Heidrick & Struggles International, Inc. (HSII): Free Stock Analysis Report
Insperity, Inc. (NSP): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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Deckers Outdoor CorporationDECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. Deckers Outdoor's projected growth rate for the current year is 38.1%. Click to get this free report Anthem, Inc. (ANTM): Free Stock Analysis Report Molina Healthcare, Inc (MOH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Heidrick & Struggles International, Inc. (HSII): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Anthem, Inc. (ANTM): Free Stock Analysis Report Molina Healthcare, Inc (MOH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Heidrick & Struggles International, Inc. (HSII): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. Deckers Outdoor's projected growth rate for the current year is 38.1%.
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Click to get this free report Anthem, Inc. (ANTM): Free Stock Analysis Report Molina Healthcare, Inc (MOH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Heidrick & Struggles International, Inc. (HSII): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. Deckers Outdoor's projected growth rate for the current year is 38.1%.
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Deckers Outdoor CorporationDECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. Deckers Outdoor's projected growth rate for the current year is 38.1%. Click to get this free report Anthem, Inc. (ANTM): Free Stock Analysis Report Molina Healthcare, Inc (MOH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Heidrick & Struggles International, Inc. (HSII): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report To read this article on Zacks.com click here.
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cc6119c5-ad05-4746-a942-58b63cec5306
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724201.0
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2019-03-07 00:00:00 UTC
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Here Are 5 Stocks With Remarkable Interest Coverage Ratio
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DECK
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https://www.nasdaq.com/articles/here-are-5-stocks-with-remarkable-interest-coverage-ratio-2019-03-07
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nan
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nan
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A layman can end up losing bucks if he decides to pick a stock only on the basis of numbers flashing on a real-time stock screen. A critical analysis of a company's financial background is essential for a better investment decision.
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 role of coverage ratios comes into play - the higher these are the more efficient an enterprise will be in meeting its financial obligations.
Why Interest Coverage Ratio?
Interest Coverage Ratio is used to determine how effectively a company can pay the 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. And 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 that is 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.
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 that have 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 five of the 24 stocks that qualified the screening:
Insperity, Inc.NSP , which provides human resources and business solutions, has a VGM Score of B. This Zacks Rank #1 company has an expected EPS growth rate of 18% for 3-5 years. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of A. This Zacks Rank #1 company has an expected EPS growth rate of 11.9% for 3-5 years.
Rush Enterprises, Inc.RUSHA , which operates as an integrated retailer of commercial vehicles and related services, has a VGM Score of A and an expected EPS growth rate of 15% for 3-5 years. The stock carries a Zacks Rank #2.
UnitedHealth Group IncorporatedUNH , a diversified health care company, has a Zacks Rank #2 and VGM Score of A. The expected EPS growth rate for 3-5 years is currently 13.4%.
FabrinetFN , which provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services, has a Zacks Rank #2 and VGM Score of A. The expected EPS growth rate for 3-5 years is 13%.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
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.
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
Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report
Fabrinet (FN): Free Stock Analysis Report
UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Insperity, Inc. (NSP): 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.
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 CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of A. Click to get this free report Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report Fabrinet (FN): Free Stock Analysis Report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report To read this article on Zacks.com click here. 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.
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Click to get this free report Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report Fabrinet (FN): Free Stock Analysis Report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of A. 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.
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Click to get this free report Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report Fabrinet (FN): Free Stock Analysis Report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of A. Interest Coverage Ratio = Earnings before Interest & Taxes (EBIT) divided by Interest Expense .
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Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of A. Click to get this free report Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report Fabrinet (FN): Free Stock Analysis Report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report To read this article on Zacks.com click here. Interest Coverage Ratio is used to determine how effectively a company can pay the interest charges on its debt.
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60343409-9898-4001-b44d-7a69ce63b53d
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724202.0
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2019-03-05 00:00:00 UTC
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Buy 5 Low-Beta Stocks to Stay Safe in Volatile Market
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DECK
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https://www.nasdaq.com/articles/buy-5-low-beta-stocks-stay-safe-volatile-market-2019-03-05
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nan
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nan
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Wall Street rally came to an abrupt halt on Mar 4 owing to concerns regarding global economic slowdown. Notably, the Dow lost 206.67 points in an extremely choppy session. The blue-chip index fell below key technical support line 26,000. Similarly, the S&P 500 declined 11.07 and closed below 2,800 - a key technical barrier. The tech-heavy Nasdaq Composite also shed 17.79 points.
Investors remained alarmed primarily on account of slowdown in the growth rate of China, Japan and Eurozone. Latest economic US economic data also raised some eyebrows. Apprehensions regarding an impending economic slowdown are likely to result in more volatile trading. At this juncture, it will be prudent to invest in in low-beta stocks with favorable Zacks Rank to keep one's portfolio safe from day-to-day market fluctuations.
China Trims 2019 Growth Forecast
On Mar 4, Chinese Premier Li Keqiang's annual work report presented to the National People's Congress pegged the country's growth rate in the range of 6 - 6.5% in 2019. Notably, China's growth rate in 2018 was 6.6%, its lowest growth rate since 1990.
Economists surveyed by Bloomberg pegged China's economic growth at 6.2% in 2019. China is providing several stimuli to accelerate its economic growth. In addition to making provisions for easy credit, the government has decided to cut tax by 3% for top VAT bracketed products. Despite these initiatives, the economy seems softening.
Japan's Economy to Remain Stagnant
Last month, Bank of Japan estimated that the country will grow at 0.9% in 2019 and the growth rate will slow down further to 0.5% in 2020. On Feb 21, Bloomberg reported that the Flash Markit/Nikkei Japan Manufacturing PMI fell to a seasonally adjusted 48.5 in February from 50.3 in January, its lowest reading since June 2016.
On Feb 20, Japan stated that its trade deficit for the month of January increased a whopping 49.2% year over year to 1.41 trillion yen. The stiff increase in trade deficit was owing to a decline of 17.4% of exports to China, its largest decline since January 2016.
Eurozone's Growth at Risk
On Feb 6, the European Commission (EC) lowered 2019 growth projection for the 19-member Eurozone from 1.9% in November to 1.3%. The growth rate for 2020 was pegged at 1.6%. The primary reason behind sluggish growth rate is a massive slowdown in Germany - the largest economy of Eurozone. The EC reduced Germany's growth rate in 2019 to 1.1% from its earlier projection of 1.9%.
On Feb 4, Bank of England reduced growth rate of the U.K. for 2019 to 1.2% from 1.7% forecasted earlier. Economic forecast for 2020 has been reduced to 1.5%. The root cause of an impending slowdown is the Brexit related problem.
Softness in US Economic Data
The Institute of Supply Management manufacturing index for February came in at 54.2 from 56.6 in January. The figure was also below the consensus estimate of 55.8. February's reading was the lowest since November 2016. A decline in new orders, production, employment and prices resulted in overall fall of the index.
On Mar 1, the Department of Commerce reported that personal income decreased by 0.1% in January sharply in contrast to an increase of 0.1% in December. The consensus estimate was for growth of 0.4%. This was the first decline of personal income since November 2015. Notably, disposable personal income declined 0.2% in January.
Our Top Picks
At this stage, investment in low-beta stocks will be fruitful. The beta is equal to 1 which means that the stock is as volatile as the market. So, a stock is relatively more volatile if it has beta greater than 1 and less volatile if beta is less than 1. However, picking winning stocks can be a difficult task.
This is where our VGM Score comes in handy, which helps us to select winners. We narrowed down our search on five stocks. Each of these stock have a Zacks Rank #1 (Strong Buy) and a VGM Score A. You can see the complete list of today's Zacks #1 Rank stocks here .
Great Lakes Dredge & Dock Corp.GLDD is the largest provider of dredging services in the United States and internationally. It has a beta of 0.62. It has expected earnings growth of 170.6% for current year. The Zacks Consensus Estimate for the current year has improved by 2.2% over the last 60 days.
Deckers Outdoor Corp.DECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It has a beta of 0.63. It has expected earnings growth of 38.3% for current year. The Zacks Consensus Estimate for the current year has improved by 16.4% over the last 60 days.
Rio Tinto plcRIO explores, develops, produces, and processes minerals and metals worldwide. It has a beta of 0.78. It has expected earnings growth of 28.4% for current year. The Zacks Consensus Estimate for the current year has improved by 43.4% over the last 60 days.
Anthem Inc.ANTM operates as a health benefits company in the United States. It has a beta of 0.95. It has expected earnings growth of 20.4% for current year. The Zacks Consensus Estimate for the current year has improved by 8.8% over the last 60 days.
Shoe Carnival Inc.SCVL operates as a family footwear retailer in the United States. It has a beta of 0.62. It has expected earnings growth of 10.3% for current year. The Zacks Consensus Estimate for the current year has improved by 1.5% over the last 60 days.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They're also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough 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
Great Lakes Dredge & Dock Corporation (GLDD): Free Stock Analysis Report
Anthem, Inc. (ANTM): Free Stock Analysis Report
Rio Tinto PLC (RIO): Free Stock Analysis Report
Shoe Carnival, Inc. (SCVL): 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.
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 designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. Click to get this free report Great Lakes Dredge & Dock Corporation (GLDD): Free Stock Analysis Report Anthem, Inc. (ANTM): Free Stock Analysis Report Rio Tinto PLC (RIO): Free Stock Analysis Report Shoe Carnival, Inc. (SCVL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. In addition to making provisions for easy credit, the government has decided to cut tax by 3% for top VAT bracketed products.
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Click to get this free report Great Lakes Dredge & Dock Corporation (GLDD): Free Stock Analysis Report Anthem, Inc. (ANTM): Free Stock Analysis Report Rio Tinto PLC (RIO): Free Stock Analysis Report Shoe Carnival, Inc. (SCVL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.DECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. On Feb 20, Japan stated that its trade deficit for the month of January increased a whopping 49.2% year over year to 1.41 trillion yen.
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Click to get this free report Great Lakes Dredge & Dock Corporation (GLDD): Free Stock Analysis Report Anthem, Inc. (ANTM): Free Stock Analysis Report Rio Tinto PLC (RIO): Free Stock Analysis Report Shoe Carnival, Inc. (SCVL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.DECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. Notably, China's growth rate in 2018 was 6.6%, its lowest growth rate since 1990.
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Deckers Outdoor Corp.DECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. Click to get this free report Great Lakes Dredge & Dock Corporation (GLDD): Free Stock Analysis Report Anthem, Inc. (ANTM): Free Stock Analysis Report Rio Tinto PLC (RIO): Free Stock Analysis Report Shoe Carnival, Inc. (SCVL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Apprehensions regarding an impending economic slowdown are likely to result in more volatile trading.
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6a880712-2c53-42c1-a5cf-aa94c48541a3
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724203.0
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2019-03-01 00:00:00 UTC
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Foot Locker (FL) Stock Rallies on Q4 Earnings & Sales Beat
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DECK
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https://www.nasdaq.com/articles/foot-locker-fl-stock-rallies-on-q4-earnings-sales-beat-2019-03-01
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nan
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Shares of Foot Locker, Inc.FL are up roughly 13% during the pre-market trading session on Mar 1, following the company's better-than-expected performance in fourth-quarter fiscal 2018. Both the top and the bottom line increased year over year. Management also hinted at mid-single digit comparable sales growth and double-digit increase in earnings per share during fiscal 2019. Surely, these are well perceived by investors.
Moving on, this was the sixth straight quarter of a positive earnings surprise for this New York-based retailer. The stock's bullish run on the bourses is a clear indication of the same. We note that this Zacks Rank #2 (Buy) company, belonging to the Retail - Apparel And Shoes industry, has gained 23% in the past six months as compared with the S&P 500's decline of around 4%.
This operator of athletic shoes and apparel retailer reported quarterly earnings of $1.56 per share that beat the Zacks Consensus Estimate of $1.37 and climbed 23.8% from the year-ago quarter, courtesy of higher net sales and share repurchase activity.
The company generated total sales of $2,272 million that grew 2.8% year over year and also beat the Zacks Consensus Estimate of $2,166 million, marking the fourth successive quarter of a beat. Excluding the effect of foreign currency fluctuations, total sales rose 4.2%. Meanwhile, comparable-store sales increased 9.7% during the quarter under review.
Store Update
In the fourth quarter, Foot Locker opened 11 new outlets, remodeled or relocated 33 stores, and shuttered 56. As of Feb 2, 2019, the company operated 3,221 outlets across 27 countries in North America, Europe, Asia, Australia and New Zealand. Apart from these, there are 112 franchised Foot Locker stores in the Middle East. Germany has 10 franchised Runners Point stores.
Other Financial Details
Foot Locker ended the quarter with cash and cash equivalents of $891 million, long-term debt of $124 million, and shareholders' equity of $2,506 million. Further, management invested $187 million in its fleet of stores, digital platforms, logistics capabilities and other infrastructure. The company had earlier revealed a capital expenditure program of $275 million for fiscal 2019.
During the quarter, the company repurchased 1.2 million shares of worth $62 million. In fiscal 2018, the company bought back 7.89 million shares for $375 million. The company has returned $533 million to stockholders via share repurchases and dividends.
Recently, the company raised its quarterly dividend by 10% to 38 cents. This marks the company's ninth successive quarter of dividend hike. Moreover, the company's board announced a new three-year share buyback program worth $1.2 billion.
Wrapping Up
Foot Locker is certainly trying to improve performance through operational and financial initiatives. The company is focusing on developing digital competencies and supply chain. The company's digital endeavors include improvement of mobile and web platforms, implementation of new point-of-sale software worldwide, and expansion of data analytics capabilities.
3 Hot Stocks for You
Deckers DECK has a long-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
NIKE, Inc. NKE has average positive earnings surprise of 15.6% in the trailing four quarters. It carries a Zacks Rank #2 (Buy).
Skechers SKX has average positive earnings surprise of 5.3% in the trailing four quarters and a Zacks Rank #2.
This Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.
These companies are changing the world - and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
Click here to see these breakthrough 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
Foot Locker, Inc. (FL): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
NIKE, Inc. (NKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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3 Hot Stocks for You Deckers DECK has a long-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Foot Locker, Inc.FL are up roughly 13% during the pre-market trading session on Mar 1, following the company's better-than-expected performance in fourth-quarter fiscal 2018.
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Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. 3 Hot Stocks for You Deckers DECK has a long-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). This operator of athletic shoes and apparel retailer reported quarterly earnings of $1.56 per share that beat the Zacks Consensus Estimate of $1.37 and climbed 23.8% from the year-ago quarter, courtesy of higher net sales and share repurchase activity.
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Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. 3 Hot Stocks for You Deckers DECK has a long-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). This operator of athletic shoes and apparel retailer reported quarterly earnings of $1.56 per share that beat the Zacks Consensus Estimate of $1.37 and climbed 23.8% from the year-ago quarter, courtesy of higher net sales and share repurchase activity.
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3 Hot Stocks for You Deckers DECK has a long-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. This operator of athletic shoes and apparel retailer reported quarterly earnings of $1.56 per share that beat the Zacks Consensus Estimate of $1.37 and climbed 23.8% from the year-ago quarter, courtesy of higher net sales and share repurchase activity.
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e6d8f0b4-bb9b-4129-b229-bb3388b6e7e4
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724204.0
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2019-03-01 00:00:00 UTC
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Will US GDP Growth Continue in 2019? 5 Growth Picks
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DECK
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https://www.nasdaq.com/articles/will-us-gdp-growth-continue-2019-5-growth-picks-2019-03-01
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nan
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nan
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On Feb 28, the Department of Commerce reported that U.S. GDP for the fourth quarter of 2018 grew 2.6%. This figure was better than the consensus estimate of growth of 2.4%. Better-than-expected GDP growth can be attributed to 0.7% increase in consumer spending, which constitutes more than 70% of U.S. GDP.
Several economists hinted that GDP growth rate might slow down in the first quarter of 2019 due to a 35-day long partial government shutdown. However, the fundamentals of the U.S. economy remain strong in 2019 as evident from solid manufacturing, labor market and consumer confidence data. Consequently, it will be a prudent move to invest in stocks with a favorable Zacks Rank and strong growth potential.
US GDP Hits Target Rate in 2018
In the four quarters of 2018, U.S. GDP grew 2.2%, 4.2%, 3.5% and 2.6% (initial estimate), respectively. However, the Bureau of Economic Analysis reported that annualized real GDP growth in 2018 was little more than 2.9%, slightly below the target rate of the government.
U.S. consumer spending was $13,044.25 billion in the fourth quarter of 2018 compared with $12,953.29 billion in the third quarter of 2018. Notably, consumer spending reached its all-time high in the fourth quarter of 2018, taking into account the period between 1950 and 2018.
Economic Fundamentals Remain Strong
Conference Board's Consumer Confidence index for February surged to 131.4, its highest level in four months. The consensus estimate was 124.8. Moreover, the Future expectation index (which track consumer's expectations for next six months) jumped 103.4 from 89.4.
The Institute for Supply Managemen t report ed that the U.S. manufacturing index in January came in at 56.6, surpassing the consensus estimate of 54.3. Notably, any reading above 50 indicates expansion of the manufacturing sector and a reading above 55 highlights robust manufacturing growth.
The U.S. economy added 304,000 jobs in January 2019, significantly higher than the consensus estimate of 154,000. These gains come despite indications from several quarters that the economy is near full employment.
Three Major Developments in 2019
First, on Feb 28, the U.S. government postponed the hike of tariff rate from 10% to 25% on $200 billion of Chinese exports as trade related negotiations between the two countries made substantial progress. CNBC reported that China committed to import $1.2 trillion of U.S. goods.
Second, on Feb 27, in his testimony before the House Committee, Fed Chair Jerome Powell said that the central bank will not downsize its $4 trillion balance sheet this year. Powell also said that while the U.S. economy is currently in good shape, it may face headwinds from global economic slowdown. Consequently, the Fed will maintain its dovish monetary stance at least for the time being.
Third, on Feb 12, Republican and Democrat Congressional leaders reached an agreement to allow $1.4 billion funding for fencing along the United States - Mexico border. The amount was way less than $5.7 billion demanded by President Trump. Although Trump declared a national emergency on account of his demands, he also said "I don't think you're going to see a shutdown."
Our Top Picks
At this stage, investment in stocks with strong growth potential will be lucrative. Our selection is backed by a good Growth Score and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Our research shows that stocks with a Growth Style Score of A or B when combined with a Zacks Rank #1 or 2 (Buy) offer the best opportunities in the growth-investing space. We have handpicked five such stocks with stated combination.
Rent-A-Center Inc.RCII leases household durable goods to customers on a rent-to-own basis. The company has expected earnings growth rate of 92.4% for the current year. The Zacks Consensus Estimate for the current year has increased 7.9% over the past 60 days.
TESSCO Technologies Inc.TESS architects and delivers products and value chain solutions to support wireless systems in the United States. The company has expected earnings growth rate of 38.2% for the current year. The Zacks Consensus Estimate for the current year has improved 22.6% over the past 60 days.
Deckers Outdoor Corp.DECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. The company has expected earnings growth rate of 38.3% for the current year. The Zacks Consensus Estimate for the current year has increased 16.4% over the past 60 days.
eGain Corp.EGAN operates as a software-as-a service provider of customer engagement solutions in the United States, the United Kingdom, India, and internationally. The company has expected earnings growth rate of 216.7% for the current year. The Zacks Consensus Estimate for the current year has improved 137.5% over the past 60 days.
Digital Turbine Inc.APPS provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide. The company has expected earnings growth rate of 240% for the current year. The Zacks Consensus Estimate for the current year has improved 75% over the past 60 days.
This Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.
These companies are changing the world - and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
Click here to see these breakthrough 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
eGain Corporation (EGAN): Free Stock Analysis Report
Digital Turbine, Inc. (APPS): Free Stock Analysis Report
TESSCO Technologies Incorporated (TESS): Free Stock Analysis Report
Rent-A-Center, Inc. (RCII): 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.
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 designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. Click to get this free report eGain Corporation (EGAN): Free Stock Analysis Report Digital Turbine, Inc. (APPS): Free Stock Analysis Report TESSCO Technologies Incorporated (TESS): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Three Major Developments in 2019 First, on Feb 28, the U.S. government postponed the hike of tariff rate from 10% to 25% on $200 billion of Chinese exports as trade related negotiations between the two countries made substantial progress.
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Click to get this free report eGain Corporation (EGAN): Free Stock Analysis Report Digital Turbine, Inc. (APPS): Free Stock Analysis Report TESSCO Technologies Incorporated (TESS): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.DECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. Economic Fundamentals Remain Strong Conference Board's Consumer Confidence index for February surged to 131.4, its highest level in four months.
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Click to get this free report eGain Corporation (EGAN): Free Stock Analysis Report Digital Turbine, Inc. (APPS): Free Stock Analysis Report TESSCO Technologies Incorporated (TESS): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.DECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. The Zacks Consensus Estimate for the current year has increased 7.9% over the past 60 days.
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Deckers Outdoor Corp.DECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. Click to get this free report eGain Corporation (EGAN): Free Stock Analysis Report Digital Turbine, Inc. (APPS): Free Stock Analysis Report TESSCO Technologies Incorporated (TESS): Free Stock Analysis Report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. U.S. consumer spending was $13,044.25 billion in the fourth quarter of 2018 compared with $12,953.29 billion in the third quarter of 2018.
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1e0c967a-c3dc-4fdd-81de-7e977f7f23e6
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724205.0
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2019-02-28 00:00:00 UTC
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Steve Madden (SHOO) Tops Q4 Earnings & Revenue Estimates
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DECK
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https://www.nasdaq.com/articles/steve-madden-shoo-tops-q4-earnings-revenue-estimates-2019-02-28
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nan
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nan
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Steven Madden, Ltd.SHOO delivered better-than-expected fourth-quarter 2018 results, wherein both the top and bottom line grew year over year. This NY-based company witnessed robust gains at its flagship Steve Madden brand in both footwear and handbags. The company also registered strong performance at its fashion-oriented footwear brand Blondo as well as private label accessories business. The company also highlighted that the bankruptcy of Payless ShoeSource, its key private label customer, is a near-term headwind.
Let's Delve Deep
This designer and marketer of fashion footwear and accessories delivered adjusted quarterly earnings of 42 cents a share that surpassed the Zacks Consensus Estimate of 38 cents and surged 31.3% from 32 cents reported in the year-ago period. The bottom line improved in spite of increase in cost of sales (up 14.9%) and adjusted operating expenses (up 11%). This can be attributed to higher net sales, lower effective tax rate and to an extent share repurchases.
The top line of this Zacks Rank #3 (Hold) company increased 12.6% year over year to $410.4 million and also came above the Zacks Consensus Estimate of $400.8 million. Net sales at stevemadden.com business surged 30% during the quarter under review.
Net sales for the wholesale business rose 14.1% to $317.4 million, reflecting robust gain in wholesale footwear and wholesale accessories. We note that wholesale footwear net sales advanced 7.4% to $233.9 million, while wholesale accessories net sales grew 37.9% to $83.4 million.
We note that net sales in wholesale accessories business climbed on the back of Steve Madden handbags and private label handbags. It also gained from the addition of Anne Klein.
Retail net sales jumped 7.9% to $93 million, while comparable-store sales increased 4% on account of robust performance at its e-commerce business.
Margins
Meanwhile, adjusted gross profit climbed 9.8% to $152.3 million, however, gross margin contracted 100 basis points to 37.1%.
We note that gross margin in the wholesale business decreased 90 basis points to 30.1% on account of lower gross margin in wholesale accessories, imposition of 10% tariff on handbags and certain other accessory categories and higher ocean freight costs. Meanwhile, retail gross margin increased 20 basis points to 61% attributable to higher gross margin in the e-commerce business.
Adjusted operating income increased 4.4% to $37.9 million, however, adjusted operating margin shrunk 80 basis points to 9.2%.
Store Update
Steven Madden ended the reported quarter with 229 company-operated retail outlets, comprising seven Internet stores, as well as 42 company-operated concessions in international markets.
Other Financial Aspects
Steven Madden ended the reported quarter with cash and cash equivalents of $200 million, marketable securities of $66.7 million, and shareholders' equity of $805.8 million, excluding non-controlling interest of $8.9 million. Management incurred capital expenditures of $4.3 million during the quarter.
During the quarter, the company bought back about 1.8 million shares for $55 million and for the full-year, it repurchased roughly 3.4 million shares worth $105.9 million.
Outlook
Steven Madden expects net sales growth of 4-6% for 2019. The company envisions full year adjusted earnings in the range of $1.75-$1.83 compared with $1.83 in 2018. Management also hinted that Payless ShoeSource bankruptcy and higher forecasted tax rate would hurt 2019 adjusted earnings by approximately 16 cents and 5 cents, respectively. The current Zacks Consensus Estimate for the year is $1.89.
3 Hot Stocks Awaiting Your Look
Deckers DECK has a long-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
NIKE, Inc. NKE has average positive earnings surprise of 15.6% in the trailing four quarters. It carries a Zacks Rank #2 (Buy).
Skechers SKX has average positive earnings surprise of 5.3% in the trailing four quarters and a Zacks Rank #2.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
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
Steven Madden, Ltd. (SHOO): Free Stock Analysis Report
NIKE, Inc. (NKE): 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.
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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3 Hot Stocks Awaiting Your Look Deckers DECK has a long-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). Click to get this free report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report NIKE, Inc. (NKE): 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. The company also registered strong performance at its fashion-oriented footwear brand Blondo as well as private label accessories business.
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Click to get this free report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report NIKE, Inc. (NKE): 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 Hot Stocks Awaiting Your Look Deckers DECK has a long-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). Let's Delve Deep This designer and marketer of fashion footwear and accessories delivered adjusted quarterly earnings of 42 cents a share that surpassed the Zacks Consensus Estimate of 38 cents and surged 31.3% from 32 cents reported in the year-ago period.
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Click to get this free report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report NIKE, Inc. (NKE): 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 Hot Stocks Awaiting Your Look Deckers DECK has a long-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). The top line of this Zacks Rank #3 (Hold) company increased 12.6% year over year to $410.4 million and also came above the Zacks Consensus Estimate of $400.8 million.
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3 Hot Stocks Awaiting Your Look Deckers DECK has a long-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). Click to get this free report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report NIKE, Inc. (NKE): 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. The top line of this Zacks Rank #3 (Hold) company increased 12.6% year over year to $410.4 million and also came above the Zacks Consensus Estimate of $400.8 million.
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c95b5950-3559-4fbf-84cf-86941ae22661
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724206.0
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2019-02-26 00:00:00 UTC
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Deckers (DECK) Hits 52 Week High on Strategic Endeavors
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DECK
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https://www.nasdaq.com/articles/deckers-deck-hits-52-week-high-on-strategic-endeavors-2019-02-26
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nan
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nan
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Shares of Deckers Outdoor CorporationDECK touched a 52-week high of $149.80, before closing the session a tad lower at $147.96 on Feb 25. Notably, the company's focus on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce along with optimizing omni-channel distribution is commendable.
Backed by all these factors, the company delivered robust third-quarter fiscal 2019 results, wherein both the top and bottom line improved year over year and surpassed the respective estimates. This impressive show prompted management to issue an upbeat view for fiscal 2019. Markedly, the stock has gained approximately 15.2% since the announcement of its third-quarter results. (Read: Deckers Tops Q3 Earnings & Sales Estimates, Raises View )
Currently, Deckers carries a Zacks Rank #1 (Strong Buy) and also flaunts a VGM Score of A. Let's see the factors driving Deckers' performance. You can see the complete list of today's Zacks #1 Rank stocks here .
Factors Narrating Deckers' Growth Story
Deckers is focusing on product and marketing strategies that are more skewed toward customers. In this regard, it is imperative to mention that the company is emphasizing on the expansion of its product categories according to the customer purchasing trends. In order to capture incremental sales and margins, the company is selling directly to wholesale customers.
These apart, the company has been constantly developing its e-commerce portal to capture incremental sales in order to keep up with the changing trends. Also, Deckers has made substantial investments to strengthen online presence and open smaller concept omni-channel outlets. Its focus on expanding programs - Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect - to enhance customers' shopping experience is an added positive. Moreover, Deckers is making efforts to bolster its portfolio.
Additionally, Deckers is on track with endeavors to drive long-term growth. Its store-fleet optimization plan emphasizes on striking the right balance between digital and physical stores. These actions are likely to boost profitability and shareholder returns as well as enhance brand and store performances.
Thanks to these growth drivers, management now anticipates net sales to be in the band of $1.986-$2.0 billion and adjusted earnings per share in the range of $7.85-$7.95 for fiscal 2019. Gross margin for the fiscal year is anticipated to be above 50.5%. Further, the operating margin is envisioned to be in the range of 14.5-14.7%.
Other Key Picks
Zumiez Inc. ZUMZ delivered average positive earnings surprise of 13.3% in the trailing four quarters. It has a long-term earnings growth rate of 12.5% and a Zacks Rank #1.
NIKE, Inc. NKE has a long-term earnings growth rate of 12.3% and a Zacks Rank #2 (Buy).
Skechers U.S.A., Inc. SKX has a long-term earnings growth rate of 7% and a Zacks Rank #2.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They're also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough 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
Zumiez Inc. (ZUMZ): Free Stock Analysis Report
NIKE, Inc. (NKE): 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.
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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Also, Deckers has made substantial investments to strengthen online presence and open smaller concept omni-channel outlets. Shares of Deckers Outdoor CorporationDECK touched a 52-week high of $149.80, before closing the session a tad lower at $147.96 on Feb 25. (Read: Deckers Tops Q3 Earnings & Sales Estimates, Raises View ) Currently, Deckers carries a Zacks Rank #1 (Strong Buy) and also flaunts a VGM Score of A.
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(Read: Deckers Tops Q3 Earnings & Sales Estimates, Raises View ) Currently, Deckers carries a Zacks Rank #1 (Strong Buy) and also flaunts a VGM Score of A. Click to get this free report Zumiez Inc. (ZUMZ): Free Stock Analysis Report NIKE, Inc. (NKE): 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. Shares of Deckers Outdoor CorporationDECK touched a 52-week high of $149.80, before closing the session a tad lower at $147.96 on Feb 25.
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(Read: Deckers Tops Q3 Earnings & Sales Estimates, Raises View ) Currently, Deckers carries a Zacks Rank #1 (Strong Buy) and also flaunts a VGM Score of A. Factors Narrating Deckers' Growth Story Deckers is focusing on product and marketing strategies that are more skewed toward customers. Click to get this free report Zumiez Inc. (ZUMZ): Free Stock Analysis Report NIKE, Inc. (NKE): 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.
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Shares of Deckers Outdoor CorporationDECK touched a 52-week high of $149.80, before closing the session a tad lower at $147.96 on Feb 25. (Read: Deckers Tops Q3 Earnings & Sales Estimates, Raises View ) Currently, Deckers carries a Zacks Rank #1 (Strong Buy) and also flaunts a VGM Score of A. Let's see the factors driving Deckers' performance.
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3f3f9a3d-961e-4898-a329-dd8a206e43d4
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724207.0
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2019-02-26 00:00:00 UTC
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Carter's (CRI) Stock Rises 8% on Q4 Earnings & Sales Beat
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DECK
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https://www.nasdaq.com/articles/carters-cri-stock-rises-8-on-q4-earnings-sales-beat-2019-02-26
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nan
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nan
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Carter's Inc.CRI posted fourth-quarter 2018 results, wherein top and bottom lines beat the Zacks Consensus Estimate. Results were driven by growth in the U.S. Retail and U.S. Wholesale businesses in the final months of 2018, which reflected a strong holiday season. Thus, this Zacks Rank #4 (Sell) stock rose 8.1% yesterday.
Q4 Highlights
Carter's fourth-quarter 2018 earnings per share of $2.84 increased 21.8% year over year. Moreover, the bottom line surpassed the Zacks Consensus Estimate of $2.57. Earnings benefited from operating income growth, lower tax rate and benefits of share repurchases.
Carter's, Inc. Price, Consensus and EPS Surprise
Carter's, Inc. Price, Consensus and EPS Surprise | Carter's, Inc. Quote
Net sales advanced 5.7% to $1.09 billion, beating the Zacks Consensus Estimate of $1.07 billion. Growth was mainly backed by strength in U.S. Retail and U.S. Wholesale segments. However, unfavorable foreign currency impacted the top line by $3.9 million. Sales grew 6.1% on a constant-currency basis.
Segment Revenues
Sales for the U.S. Retail segment improved 7.1% year over year to $606.3 million, backed by comparable sales (comps) growth of 5.7%. The increase in comps was attributed to solid e-commerce as well as retail sales growth. Further, sales gained from strength in its brands and the less discretionary nature of young children's clothing.
The U.S. Wholesale segment witnessed sales growth of 6.5% to $351.4 million, backed by rise in shipments of the Carter's brand, partly negated by loss of sales to Toys "R" Us and Bon-Ton. In fourth-quarter 2017, Toys "R" Us and Bon-Ton contributed $32 million to sales.
The International segmen t report ed a revenue decline of 2.4% to $128.6 million in the fourth quarter due to soft demand in China and unfavorable currency rates. This was partly offset by higher demand in Mexico. Currency-neutral revenues for the segment inched up 0.6%.
Margins
Adjusted gross profit increased 1.7% to $469.1 million while adjusted gross margin contracted 170 basis points (bps) to 43.2%.
Adjusted operating income rose 1.5% to $170.5 million. However, adjusted operating margin contracted 60 bps to 15.7%, owing to higher e-commerce shipping costs and promotions, adverse impact of the Toys "R'" Us bankruptcy, and increased mix of lower margin new businesses.
Balance Sheet & Shareholder-Friendly Moves
Carter's ended 2018 with cash and cash equivalents of $170.1 million, long-term debt of $593.3 million, and shareholders' equity of $869.4 million. Inventories as of Dec 29, 2018, grew 5% to $574.2 million due to higher product costs as well as increase in hand baby inventory refills.
The company generated $356 million in operating cash flow in 2018. Capital expenditure for the year was $64 million.
Further, the company's returns to shareholders were impressive in 2018. Through 2018, Carter's returned nearly $276.7 million to shareholders, including $83.7 million in dividends and $193 million through share buybacks. During the fourth quarter, the company bought back 515,109 shares for $47.5 million, the average price being $92.28 per share. It also paid a dividend of 45 cents per share in the quarter under review.
As of Feb 22, 2019, the company had $368 million remaining under its current share repurchase program. Moreover, the company raised the quarterly dividend by 11% to 50 cents per share on Feb 14. This dividend is payable on Mar 22 to shareholders with record as of Mar 12.
Outlook
Following the strong close to 2018, the company outlined a soft outlook for the first quarter of 2019 due to difficult comparisons with the prior-year quarter. However, it issued a decent sales and earnings guidance for 2019.
For first-quarter 2019, Carter's expects difficult top and bottom-line comparisons as a result of negative impacts related to the loss of sales to Toys "R" Us and Bon-Ton stores as well as the shift of Easter holiday to second-quarter 2019 from the first quarter in 2018.
Consequently, net sales are estimated to decline 4-5% compared with the first quarter of 2018. Adjusted earnings per share are anticipated to be 65-70 cents compared with $1.09 reported in the prior-year quarter.
For 2019, the company projects net sales growth of 1-2%, with adjusted earnings per share growth of 4-6% from $6.29 per share reported in 2018.
Further, Carter's expects operating cash flow of $375-$400 million in 2019, with capital expenditure of nearly $85 million. The capex will be mostly directed toward investments in retail systems, corporate technology infrastructure and distribution network.
Looking for Better-Ranked Stocks? Check These
Deckers Outdoor DECK has long-term earnings growth rate of 11.9% and it currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
NIKE Inc. NKE has long-term earnings growth rate of 12.3% and a Zacks Rank #2 (Buy).
Skechers U.S.A., Inc. SKX has long-term earnings growth rate of 7% and a Zacks Rank #2.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They're also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough 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
Carter's, Inc. (CRI): Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
NIKE, Inc. (NKE): 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.
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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Check These Deckers Outdoor DECK has long-term earnings growth rate of 11.9% and it currently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. The International segmen t report ed a revenue decline of 2.4% to $128.6 million in the fourth quarter due to soft demand in China and unfavorable currency rates.
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Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Deckers Outdoor DECK has long-term earnings growth rate of 11.9% and it currently sports a Zacks Rank #1 (Strong Buy). Carter's, Inc. Price, Consensus and EPS Surprise Carter's, Inc. Price, Consensus and EPS Surprise | Carter's, Inc. Quote Net sales advanced 5.7% to $1.09 billion, beating the Zacks Consensus Estimate of $1.07 billion.
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Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Deckers Outdoor DECK has long-term earnings growth rate of 11.9% and it currently sports a Zacks Rank #1 (Strong Buy). Segment Revenues Sales for the U.S. Retail segment improved 7.1% year over year to $606.3 million, backed by comparable sales (comps) growth of 5.7%.
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Check These Deckers Outdoor DECK has long-term earnings growth rate of 11.9% and it currently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Through 2018, Carter's returned nearly $276.7 million to shareholders, including $83.7 million in dividends and $193 million through share buybacks.
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a3e79194-a48d-430e-8bc8-5381b6042af8
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724208.0
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2019-02-22 00:00:00 UTC
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Foot Locker (FL) at 52-Week High: What's Driving the Stock?
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DECK
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https://www.nasdaq.com/articles/foot-locker-fl-at-52-week-high%3A-whats-driving-the-stock-2019-02-22
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nan
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Shares of Foot Locker, Inc.FL touched a 52-week high of $61.36, before closing the session a tad lower at $60.01 on Feb 21. The upside in the price performance can be attributed to the recently announced capital spending plans.
Recently, Foot Locker rewarded shareholders with a hike of 10% in quarterly dividend. Also, the company revealed a capital expenditure program of $275 million for fiscal 2019, up from $200 million assigned for the prior year's program. Moreover, the board announced a new 3-year share buyback program worth $1.2 billion.
Apart from these, focus on supply chain development, improvement of mobile and web platforms, execution of new point-of-sale software as well as data analytics growth bode well. Also, the company boasts a strong portfolio of leading brands under a variety of store banners that enables it to target specific markets and efficiently cater to consumers' demand.
Clearly, these tailwinds have lifted the investors' optimism in the stock. In the past three months, this Zacks Rank #2 (Buy) stock has gained 13.3%, against the industry 's decline of 7.8%. Further, the company has a Value Score of A, which indicates that Foot Locker has more room to run.
Wrapping Up
Foot Locker is trying to improve performance through operational and financial initiatives. Management expects to benefit by consistently capitalizing on opportunities like kids' and women's business, shop-in-shop expansion in collaboration with vendors, store banner.com business, store refurbishment and enhancement of assortments. Also, the company has undertaken initiatives like better price, omni-channel capabilities and unique products to stay competitive.
Furthermore, international expansion, especially in Europe, is another growth catalyst. The company is focusing on augmenting e-commerce platform, expanding direct-to-consumer operations, driving margin, tapping underpenetrated markets and opening Power Stores.
We believe that such efforts will continue to driving the company's performance and maintain its position in the good books of investors.
Other Key Picks
G-III Apparel Group, Ltd. GIII outperformed estimates by a wide margin in the trailing four quarters. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. It has a long-term earnings growth rate of 11.3% and a Zacks Rank #2.
Under Armour, Inc UAA delivered average positive earnings surprise of 27.1% in the trailing four quarters. It has a long-term earnings growth rate of 22.8% and a Zacks Rank #2.
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
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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
Foot Locker, Inc. (FL): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report
Under Armour, Inc. (UAA): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report Under Armour, Inc. (UAA): Free Stock Analysis Report To read this article on Zacks.com click here. Also, the company boasts a strong portfolio of leading brands under a variety of store banners that enables it to target specific markets and efficiently cater to consumers' demand.
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Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report Under Armour, Inc. (UAA): Free Stock Analysis Report To read this article on Zacks.com click here. Under Armour, Inc UAA delivered average positive earnings surprise of 27.1% in the trailing four quarters.
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Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report Under Armour, Inc. (UAA): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. It has a long-term earnings growth rate of 11.3% and a Zacks Rank #2.
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Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report Under Armour, Inc. (UAA): Free Stock Analysis Report To read this article on Zacks.com click here. Wrapping Up Foot Locker is trying to improve performance through operational and financial initiatives.
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ebf3f5ee-c8a6-4be2-ae69-c629620de382
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724209.0
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2019-02-22 00:00:00 UTC
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7 Cheap Stocks That Make the Grade
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DECK
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https://www.nasdaq.com/articles/7-cheap-stocks-that-make-the-grade-2019-02-22
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The markets are moving higher again today, driven by the U.S.-China trade talks that are going on. Today, President Donald Trump is meeting with Vice Premier Liu He as the talks wrap up for the week.
I'm not sure why the markets are so keen on the talks when no one really has any idea what is actually being accomplished. But we have a pretty good idea that both sides with come out saying they prevailed in the end, and the market will rally on that.
Then again, there's always the old adage that you buy the rumor and sell the news, so maybe that's what's going on. There's also the fact that the Chinese are very patient and resolute negotiators. They aren't going through major national elections next year.
Whatever the case, stocks across the board are in rally mode, eclipsing the losses that they suffered in the fourth quarter of last year.
9 High-Growth Stocks to Buy Now for Monster Returns
But there are still some bargains in very hot industries that won't be rattled one way or another by the U.S.-China negotiations. Below are seven cheap stocks that make the grade - low price-to-earnings ratios and Portfolio Grader A ratings for earnings.
America First Multifamily Investors LP (ATAX)
America First Multifamily Investors LP (NASDAQ: ATAX ) buys, holds and sells federally tax-exempt federal revenue bonds that are issued to provide construction for multifamily residential properties. Those properties include public housing, student housing, senior living centers and the like.
ATAX is set up as a limited partnership rather than a real estate investment trust (REIT). However, both recognize income the same way and are obligated to distribute net profits to shareholders. ATAX does this through its hefty 7.5% dividend.
This is a very consistent business and ATAX is an interesting blend of a financial company and a REIT. And given the fact that both sectors have been on a tear recently, it's no surprise ATAX is up 18% year to date. But even if that growth cools, you're still sitting on a generous dividend that significantly outperformed the broad market all by itself.
Ladder Capital (LADR)
Ladder Capital (NYSE: LADR ) is another unique company that operates as a REIT but is focused on the commercial real estate financial services side more than owning and operating properties.
Again, it has a giant dividend that around 9% and with the special, larger dividend it issued at the end of last year it put the total dividend around 12.5%.
The compelling thing about this sector moving forward is, the rollback in financial regulations that has been underway in the past few years are allowing more financial institutions to lend again.
7 Healthy Dividend Stocks to Buy for Extra Stability
Since the 2008 market crash, regulations have made it difficult for banks to lend without jumping through significant hoops. This made it tough for local and regional players to compete with larger institutions. Those roadblocks are now gone for the most part and LADR should be a big beneficiary as property sales ramp up.
CVR Energy (CVI)
CVR Energy (NYSE: CVI ) is a holding company that operates two divisions. One is a petroleum refiner and the other is a nitrogen fertilizer maker.
The energy patch has been on a roll this year and that has certainly helped CVI; the stock is up 29% year to date and 34% in the past 12 months. Add to that its nearly 7% dividend and you have pretty compelling combination.
What's more, even after the run it has had, CVI stock is still only trading at a forward P/E around 13.
You can be sure that the expanding economy means that CVI's energy division will reap the benefits of increasing demand. And if there's a deal with China, then fertilizers will boom because farmers will be back in action.
CVI was founded in 1906, which means it has seen a lot of ups and downs over the years, and it has found a way to flourish through them all.
Denbury Resources (DNR)
Denbury Resources (NYSE: DNR ) is a unique exploration and production (E&P) energy company. It operates in the Gulf Coast and Rocky Mountain regions of the U.S. It has been an upstream player since the 1950s.
At this point, its focus is recovering oil from fields and wells that have seen previous extraction and use its proprietary CO2 enhanced oil recovery (EOR) technology to get the remaining reserves from the wells.
The science behind getting oil out of the ground is a bit more complicated than many outside the oil industry realize. And a some point it becomes expensive for many E&Ps to get every last drop of reserves out of wells.
That's where DNR comes in. It can buy a property with proven reserves cheaply and get the remaining oil out with its CO2 EOR.
10 Smart Money Stocks to Buy Now
Its forward P/E is a mere 3, yet the stock is up 26% year to date. But remember, this is a volatile sector, so this won't be a steady ride.
Deckers Outdoor (DECK)
Deckers Outdoor (NYSE: DECK ) is footwear maker that owns some of the biggest sporting brands in the business. The stock is up 51% in the past 12 months and up nearly 13% year to date. And it's still trading at a forward P/E of 17.5.
Its lifestyle brands include UGG, which originated in 1978 when an Australian was in California and built the brands signature boots using shearling linings and leather exteriors. It became a wildly popular brand a couple decades ago and now the line has grown extensively, along with its new spinoff Koolaburra by UGG.
Its performance brands include Hoka One One, which are now the distance and training shoes of choice to serious runners, or people who want to look like serious runners. Teva was the pioneer outdoor sandal company that was launched in 1984 and continues to be one of the top outdoor footwear brands around.
Finally, Sanuk is another Southern California brand that embodies a simple look with quality materials. Its name is derived from the Thai word that means "fun."
It also has a wholesale division that sells directly to department stores and others that want to brand their own products.
As long as the consumer is strong, DECK will continue its run.
DSW (DSW)
DSW (NYSE: DSW ) is the other end of the shoe niche. It has more than 500 stores across the U.S. as well as an e-commerce website.
Essentially, DSW is a big-box shoe store, carrying scores of name brands and even more styles of those brands. It's a one-stop shop for shoes, especially if you have a family and the kids and adults all need new shoes.
As the economy continues to expand, consumers are more comfortable spending. But they have also learned that they can find name brands without paying premiums in stores like DSW. And that habit hasn't changed.
It's also why DSW blew out Q3 earnings expectations (released in mid-December) and saw same-store sales and revenue blow past last year's numbers. It raised guidance for the year as well. It's no surprise the stock is seeing upgrade from analysts.
7 Financial Stocks With Accelerating Growth
The P/E is one of the highest in the group, but once Q4 and year-end numbers are in, its current P/E won't look so high. And on top of it all, it delivers a respectable 3.5% dividend.
Photronics (PLAB)
Photronics (NASDAQ: PLAB ) is a Connecticut-based tech firm that has been around since 1969.
It specializes in a process called photomasking. Essentially, what that means it makes a photographic pattern that is used to build integrated circuits and semiconductor wafers. Chipmakers then shine an ultraviolet light through the mask and they build chips and circuits from it.
These days, PLAB specializes in photomasking for flat panel displays and has plants Europe, Taiwan, Korea and the U.S. It's a very specialized sector and PLAB carries a market cap around $700 million.
But PLAB has a solid book of business and now that tech is back, PLAB should continue its run. The stock is up 36% in the past 12 months but is trading at a PE of just 17. There's plenty of headroom here, especially as tech firms are back in the markets good graces.
Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor , Breakthrough Stocks , Accelerated Profits and Platinum Growth . His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com . Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.
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The post 7 Cheap Stocks That Make the Grade 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.
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) Deckers Outdoor (NYSE: DECK ) is footwear maker that owns some of the biggest sporting brands in the business. As long as the consumer is strong, DECK will continue its run. 9 High-Growth Stocks to Buy Now for Monster Returns But there are still some bargains in very hot industries that won't be rattled one way or another by the U.S.-China negotiations.
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Deckers Outdoor (DECK) Deckers Outdoor (NYSE: DECK ) is footwear maker that owns some of the biggest sporting brands in the business. As long as the consumer is strong, DECK will continue its run. America First Multifamily Investors LP (ATAX) America First Multifamily Investors LP (NASDAQ: ATAX ) buys, holds and sells federally tax-exempt federal revenue bonds that are issued to provide construction for multifamily residential properties.
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Deckers Outdoor (DECK) Deckers Outdoor (NYSE: DECK ) is footwear maker that owns some of the biggest sporting brands in the business. As long as the consumer is strong, DECK will continue its run. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The markets are moving higher again today, driven by the U.S.-China trade talks that are going on.
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Deckers Outdoor (DECK) Deckers Outdoor (NYSE: DECK ) is footwear maker that owns some of the biggest sporting brands in the business. As long as the consumer is strong, DECK will continue its run. ATAX does this through its hefty 7.5% dividend.
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b06ba5d8-7460-4441-865c-111c391b3ed9
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724210.0
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2019-02-22 00:00:00 UTC
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Commit To Buy Deckers Outdoor Corp. At $95, Earn 6.7% Using Options
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DECK
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https://www.nasdaq.com/articles/commit-buy-deckers-outdoor-corp-95-earn-67-using-options-2019-02-22
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nan
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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but cautious about paying the going market price of $144.42/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $95 strike, which has a bid at the time of this writing of $6.40. Collecting that bid as the premium represents a 6.7% return against the $95 commitment, or a 3.5% 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 $95 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 fall 34.1% and the contract is exercised (resulting in a cost basis of $88.60 per share before broker commissions, subtracting the $6.40 from $95), the only upside to the put seller is from collecting that premium for the 3.5% 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 $95 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 January 2021 put at the $95 strike for the 3.5% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 251 trading day closing values as well as today's price of $144.42) to be 36%. 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 Friday, the put volume among S&P 500 components was 1.37M contracts, with call volume at 1.76M, for a put:call ratio of 0.78 so far for the day, which is unusually high compared to the long-term median put:call ratio of .65. In other words, there are lots more put buyers out there in options trading so far today than would normally be seen, as compared to call buyers. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts of the S&P 500 »
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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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but cautious about paying the going market price of $144.42/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 $95 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 January 2021 put at the $95 strike for the 3.5% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 251 trading day closing values as well as today's price of $144.42) to be 36%.
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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. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $95 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 January 2021 put at the $95 strike for the 3.5% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 251 trading day closing values as well as today's price of $144.42) to be 36%.
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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. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $95 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 January 2021 put at the $95 strike for the 3.5% annualized rate of return represents good reward for the risks. Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but cautious about paying the going market price of $144.42/share, might benefit from considering selling puts among the alternative strategies at their disposal.
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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but cautious about paying the going market price of $144.42/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 $95 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 January 2021 put at the $95 strike for the 3.5% 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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724211.0
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2019-02-21 00:00:00 UTC
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Wolverine (WWW) Stock Declines 11% Despite Q4 Earnings Beat
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DECK
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https://www.nasdaq.com/articles/wolverine-www-stock-declines-11-despite-q4-earnings-beat-2019-02-21
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nan
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nan
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Wolverine World Wide, Inc.WWW reported fourth-quarter 2018 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues were almost in line with the same. The company's bottom line also improved year over year buoyed by impressive gross margins, lower interest expenses and reduction in operating expenses.
However, the better-than-expected performance was not enough to placate investors who seem to be let down by management's muted outlook for 2019 as well as revenue decline in 2018. Management envisions earnings per share of $2.20-$2.35 for 2019. The mid-point of $2.28 is below the Zacks Consensus Estimate of $2.33.
Shares of Wolverine decreased approximately 11% during the trading session on Feb 20. Also, this Rockford, MI-based company has lost 8.3% against the industry 's 0.9% growth in the past six months.
Q4 Highlights
Wolverine's fourth-quarter adjusted earnings of 52 cents per share exceeded the Zacks Consensus Estimate of 49 cents. Notably, this marked the company's fourth straight quarter of positive earnings surprise. The bottom line also surged 26.8% from the prior-year period number primarily due to decline in cost of goods sold, fall in interest expenses and lower environmental cost.
Revenues came in at $579.6 million almost in line with the Zacks Consensus Estimate of $580 million. While underlying revenues increased 3.8%, the metric improved 4.6% on a constant-currency basis.
Wolverine World Wide, Inc. Price, Consensus and EPS Surprise
Wolverine World Wide, Inc. Price, Consensus and EPS Surprise | Wolverine World Wide, Inc. Quote
Segmental Performance
The Outdoor & Lifestyle Group 's underlying revenues grew 8.4% (10% in constant currency) year over year owing to impressive performance by the Merrell brand that grew at a double-digit rate. This marked the eighth straight quarter of revenue growth for the brand. Further, revenues at Cat improved at a mid-single-digit rate, while it increased at a high teens pace for Chaco. At Hush Puppies the metric remained flat year over year.
At the Boston Group , underlying revenues improved 2.4% (2.8% in constant currency) compared with the previous-year figure. Sperry grew in high single-digits including low single-digit improvement from Keds and double-digit surge in kids business. However, revenues at Saucony decreased by mid-single-digits.
Underlying revenues at the Heritage Group grew 7.9% (8% in constant currency). Wolverine and Bates brands' revenues increased in mid-single-digits each. Harley-Davidson witnessed solid double-digit revenue growth, whereas HYTEST revenues improved at a mid-teens rate in the quarter under review.
Moving on, the company's adjusted gross profit grew 1.9% to $227.1 million, while gross margin improved 70 basis points (bps) to reach 39.2%. The gross margin expansion was driven by last year's portfolio amendments, strong e-commerce growth and lower closeout sales.
Further, adjusted operating profit came in at $62.1 million, down from $63.4 million in the previous quarter. Meanwhile adjusted operating margin contracted 30 bps to 10.7%. Higher SG&A expenses resulted in operating margin decline.
Adjusted SG&A expenses increased by $5.7 million to $165 million due to costs associated with digital, marketing and other investments.
2018 Highlights
In 2018, Wolverine's adjusted earnings of $2.17 per share outpaced the Zacks Consensus Estimate of $2.15. Also, the bottom line increased 32.3% year over year. Revenues totaled $2.2 billion, which matched the Zacks Consensus Estimate. However, the top line declined 4.7% on year-over-year basis.
Other Financials
This Zacks Rank #2 (Buy) company ended the quarter with cash and cash equivalents of $143.1 million, long-term debt of $438 million and stockholders' equity of $991.6 million.
In the quarter under review, the company repurchased shares worth approximately $105 million.
Other Developments
Wolverine is on track with its GLOBAL GROWTH AGENDA that encompasses three key strategies namely Powerful Product Creation Engine, Digital-Direct Offense and International Expansion. The company seeks to create a strong, innovative and fast product pipeline, and undertook roughly 45% of incremental investment in 2018.
Furthermore, Wolverine is making efforts to enhance its digital capabilities and allocated nearly 35% of its spending to this arena during 2018. The company expects to make similar investments in 2019.
2019 Guidance
Management remains focused on investing in organic growth, strategic buyouts and efficient capital allocation. To this end, Wolverine announced a new four-year share buyback plan of up to $400 million. Markedly its capital deployment strategy includes plans to hike the quarterly dividend by 25%.
For 2019, Wolverine expects revenues to be in the range of $2.28-$2.33 billion, reflecting 3% growth.
Gross margin for the year is expected to be in the 41.3-41.8% band. Wolverine anticipates adjusted operating profit of $280-$294 million. Further, it expects adjusted operating margin in the range of 12.2-12.6%. This includes a $40 million impact from ongoing investments related to the Global Growth Agenda.
Cash flow from operations is expected to be between $200 million and $220 million. Management envisions adjusted earnings in the range of $2.20-$2.35 per share for 2019.
Looking for High Performance Stocks? Check These
Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 67.8% in the trailing four quarters. The company has a long-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
NIKE, Inc. NKE delivered average positive earnings surprise of 15.6% in the trailing four quarters. The company has a long-term earnings growth rate of 12.3% and a Zacks Rank #2.
Skechers U.S.A., Inc. SKX has a long-term earnings growth rate of 7% and a Zacks Rank #2.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 - 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks 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
NIKE, Inc. (NKE): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): 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.
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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Check These Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 67.8% in the trailing four quarters. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Wolverine World Wide, Inc.WWW reported fourth-quarter 2018 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues were almost in line with the same.
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Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 67.8% in the trailing four quarters. The company's bottom line also improved year over year buoyed by impressive gross margins, lower interest expenses and reduction in operating expenses.
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Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 67.8% in the trailing four quarters. Wolverine World Wide, Inc. Price, Consensus and EPS Surprise Wolverine World Wide, Inc. Price, Consensus and EPS Surprise | Wolverine World Wide, Inc. Quote Segmental Performance The Outdoor & Lifestyle Group 's underlying revenues grew 8.4% (10% in constant currency) year over year owing to impressive performance by the Merrell brand that grew at a double-digit rate.
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Check These Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 67.8% in the trailing four quarters. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. 2018 Highlights In 2018, Wolverine's adjusted earnings of $2.17 per share outpaced the Zacks Consensus Estimate of $2.15.
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d6bae9f4-b4c1-4431-8d3e-e2f40854bdc1
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724212.0
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2019-02-20 00:00:00 UTC
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Pick These 5 Stocks With Superb Interest Coverage Ratio
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DECK
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https://www.nasdaq.com/articles/pick-these-5-stocks-with-superb-interest-coverage-ratio-2019-02-20
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nan
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nan
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You can simply arrive at a decision to Buy or Sell a particular stock by looking at its sales and earnings numbers. But such a strategy does not always warrant superior returns. A critical analysis of the company's financial background is always required for a better investment decision.
A company's fundamentals should be sound enough to meet its financial obligations. This can be judged with coverage ratios - the higher these are the more efficient an enterprise will be in meeting its financial obligations. Here we have discussed one such ratio - the Interest Coverage Ratio.
Interest Coverage Ratio = Earnings before Interest & Taxes (EBIT) divided by Interest Expense.
Why Interest Coverage Ratio?
Interest Coverage Ratio is used to determine how effectively a company can pay the interest charged on its debt.
Debt, which is crucial for most of the companies to finance operations, comes at a cost called interest. Interest expense has a direct bearing on the profitability of a company and 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 suggests the number of times the interest could be paid from earnings and also gauges the margin of safety a firm carries for paying interest.
An interest coverage ratio lower than 1.0 implies that the company is unable to fulfill its interest obligations and could default on repaying debt. A company that is capable of generating earnings well above its interest expense can withstand financial hardship. Definitely, 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.
What's the 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 that have 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 five of the 26 stocks that qualified the screening:
Rush Enterprises, Inc.RUSHA , which operates as an integrated retailer of commercial vehicles and related services, has a VGM Score of A and an expected EPS growth rate of 15% for 3-5 years. The stock sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Insperity, Inc.NSP , which provides human resources and business solutions, has a VGM Score of B. This Zacks Rank #1 company has an expected EPS growth rate of 18% for 3-5 years.
Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of A. This Zacks Rank #1 company has an expected EPS growth rate of 11.9% for 3-5 years.
UnitedHealth Group IncorporatedUNH , a diversified health care company, has a Zacks Rank #2 and VGM Score of A. The expected EPS growth rate for 3-5 years is currently 13.4%.
FabrinetFN , which provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services, has a Zacks Rank #2 and VGM Score of A. The expected EPS growth rate for 3-5 years is 13%.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
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 .
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
Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report
Fabrinet (FN): Free Stock Analysis Report
UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Insperity, Inc. (NSP): 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.
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 CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of A. Click to get this free report Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report Fabrinet (FN): Free Stock Analysis Report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report To read this article on Zacks.com click here. Definitely, 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.
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Click to get this free report Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report Fabrinet (FN): Free Stock Analysis Report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of A. 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.
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Click to get this free report Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report Fabrinet (FN): Free Stock Analysis Report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of A. Interest Coverage Ratio = Earnings before Interest & Taxes (EBIT) divided by Interest Expense.
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Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of A. Click to get this free report Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report Fabrinet (FN): Free Stock Analysis Report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report To read this article on Zacks.com click here. 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.
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4a56449c-bda0-4ad7-bec3-73ddf4120bcf
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724213.0
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2019-02-15 00:00:00 UTC
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Top Ranked Momentum Stocks to Buy for February 15th
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DECK
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https://www.nasdaq.com/articles/top-ranked-momentum-stocks-to-buy-for-february-15th-2019-02-15
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nan
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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, February 15th:
Deckers Outdoor Corporation (DECK): This apparel, footwear and accessories retailer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.4% over the last 60 days.
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote
Deckers Outdoor's shares gained 24.20% over the last one month against the S&P 500's rise of 4.96%. The company possesses a Momentum Score of A.
Deckers Outdoor Corporation Price
Deckers Outdoor Corporation price | Deckers Outdoor Corporation Quote
Lululemon Athletica Inc. (LULU): This athletic apparel company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days.
lululemon athletica inc. Price and Consensus
lululemon athletica inc. price-consensus-chart | lululemon athletica inc. Quote
Lululemon Athletica's shares gained 8.87% over the last one month. The company possesses a Momentum Score of A.
lululemon athletica inc. Price
lululemon athletica inc. price | lululemon athletica inc. Quote
The Procter & Gamble Company (PG): This branded consumer packaged goods provider has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.1% over the last 60 days.
Procter & Gamble Company (The) Price and Consensus
Procter & Gamble Company (The) price-consensus-chart | Procter & Gamble Company (The) Quote
Procter & Gamble' shares gained 7.76% over the last one month. The company possesses a Momentum Score of A.
Procter & Gamble Company (The) Price
Procter & Gamble Company (The) price | Procter & Gamble Company (The) Quote
Facebook, Inc. (FB): This social-networking services provider that operates on mobile devices, personal computers and other systems has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.9% over the last 60 days.
Facebook, Inc. Price and Consensus
Facebook, Inc. price-consensus-chart | Facebook, Inc. Quote
Facebook' shares gained 11.12% over the last one month. The company possesses a Momentum Score of A.
Facebook, Inc. Price
Facebook, Inc. price | Facebook, Inc. Quote
See the full list of top ranked stocks here .
Learn more about the Momentum score and how it is calculated here .
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 - 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
See Stocks Today >>
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
Procter & Gamble Company (The) (PG): Free Stock Analysis Report
lululemon athletica inc. (LULU): Free Stock Analysis Report
Facebook, Inc. (FB): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, February 15th: Deckers Outdoor Corporation (DECK): This apparel, footwear and accessories retailer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.4% over the last 60 days. The company possesses a Momentum Score of A. Deckers Outdoor Corporation Price Deckers Outdoor Corporation price | Deckers Outdoor Corporation Quote Lululemon Athletica Inc. (LULU): This athletic apparel company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote Deckers Outdoor's shares gained 24.20% over the last one month against the S&P 500's rise of 4.96%.
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Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote Deckers Outdoor's shares gained 24.20% over the last one month against the S&P 500's rise of 4.96%. The company possesses a Momentum Score of A. Deckers Outdoor Corporation Price Deckers Outdoor Corporation price | Deckers Outdoor Corporation Quote Lululemon Athletica Inc. (LULU): This athletic apparel company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days. Click to get this free report Procter & Gamble Company (The) (PG): Free Stock Analysis Report lululemon athletica inc. (LULU): Free Stock Analysis Report Facebook, Inc. (FB): 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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The company possesses a Momentum Score of A. Deckers Outdoor Corporation Price Deckers Outdoor Corporation price | Deckers Outdoor Corporation Quote Lululemon Athletica Inc. (LULU): This athletic apparel company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, February 15th: Deckers Outdoor Corporation (DECK): This apparel, footwear and accessories retailer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.4% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote Deckers Outdoor's shares gained 24.20% over the last one month against the S&P 500's rise of 4.96%.
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The company possesses a Momentum Score of A. Deckers Outdoor Corporation Price Deckers Outdoor Corporation price | Deckers Outdoor Corporation Quote Lululemon Athletica Inc. (LULU): This athletic apparel company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, February 15th: Deckers Outdoor Corporation (DECK): This apparel, footwear and accessories retailer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.4% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote Deckers Outdoor's shares gained 24.20% over the last one month against the S&P 500's rise of 4.96%.
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3ab6aa08-eabf-437c-a042-f8523a101d49
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724214.0
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2019-02-14 00:00:00 UTC
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Will Deckers Outdoor Corporation (DECK) Continue to Surge Higher?
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DECK
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https://www.nasdaq.com/articles/will-deckers-outdoor-corporation-deck-continue-to-surge-higher-2019-02-14
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nan
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nan
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As of late, it has definitely been a great time to be an investor in Deckers Outdoor CorporationDECK . The stock has moved higher by 16.1% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you consider APPS's recen t earnings estimate revision activity. From this look, the company's future is quite favorable; as APPS has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company. You can see the complete list of today's Zacks #1 Rank stocks here.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker 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
To read this article on Zacks.com click here.
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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As of late, it has definitely been a great time to be an investor in Deckers Outdoor CorporationDECK . Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
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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. As of late, it has definitely been a great time to be an investor in Deckers Outdoor CorporationDECK . From this look, the company's future is quite favorable; as APPS has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.
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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. As of late, it has definitely been a great time to be an investor in Deckers Outdoor CorporationDECK . From this look, the company's future is quite favorable; as APPS has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.
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As of late, it has definitely been a great time to be an investor in Deckers Outdoor CorporationDECK . Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. From this look, the company's future is quite favorable; as APPS has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.
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b4dd2744-4f04-41f6-9207-327001f49853
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724215.0
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2019-02-13 00:00:00 UTC
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Wolverine (WWW) Up on Dividend Hike and Share Buyback Plan
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DECK
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https://www.nasdaq.com/articles/wolverine-www-up-on-dividend-hike-and-share-buyback-plan-2019-02-13
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nan
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nan
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Wolverine World Wide, Inc.WWW is focused on boosting investor sentiment through several growth initiatives and shareholder-friendly moves. Evidently, the company announced a 25% hike in its quarterly dividend to 10 cents per share from 8 cents. The raised dividend is payable May 1, 2019, to its shareholders held in record as of Apr 1, 2019.
Additionally, the company's board of directors authorizes it to repurchase up to $400 million worth of shares in the next four years. Wolverine also provided information on amendment to its Credit Agreement and enhanced capital structure.
Following these investor-friendly efforts, shares of the company increased 4.4% during the trading session on Feb 12. In a year's time, this Rockford, MI-based company has gained roughly 26.3%, outperforming its industry 's 20% growth.
Notably, this latest share repurchase program is in addition to $27 million worth of shares remaining under the previous repurchase program. In 2018, Wolverine returned around $204 million to its shareholders through dividend payouts and share repurchases. The company also bought back shares worth $105 million during the fourth quarter of 2018.
Further, the company improved its capital structure by revising its Credit Agreement to provide new term loan A facility in total principal amount of $200 million and also increased revolving credit facility with total commitments of $800 million from $600 million earlier. Per management, revision to the capital structure would add roughly $1.5 billion to the Wolverine's liquidity.
This apart, Wolverine has been progressing well with its GLOBAL GROWTH AGENDA that focuses on empowering brands, implementing advanced digital tools and expanding into new markets. The company is also riding well on its strong international presence.
Moreover, this Zacks Rank #3 (Hold) company boasts a wide portfolio of owned and licensed brands of casual as well as athletic footwear and apparel. Notably, two of the company's biggest brands, namely Merrell and Wolverine, have been gaining traction lately. Backed by innovation and expansion of its brands to newer geographies and platforms, the company plans to strengthen its brand portfolio.
3 Stocks to Watch
Deckers Outdoor Corporation DECK has along-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Zumiez Inc. ZUMZ delivered average positive earnings surprise of 13.3% in the trailing four quarters. It has long-term earnings growth rate of 12.5% and a Zacks Rank #2 (Buy).
Skechers U.S.A., Inc. SKX has a long-term earnings growth rate of 7% and a Zacks Rank #2.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today 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
Zumiez Inc. (ZUMZ): Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): 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.
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 Stocks to Watch Deckers Outdoor Corporation DECK has along-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). Click to get this free report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. This apart, Wolverine has been progressing well with its GLOBAL GROWTH AGENDA that focuses on empowering brands, implementing advanced digital tools and expanding into new markets.
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3 Stocks to Watch Deckers Outdoor Corporation DECK has along-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). Click to get this free report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, this latest share repurchase program is in addition to $27 million worth of shares remaining under the previous repurchase program.
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3 Stocks to Watch Deckers Outdoor Corporation DECK has along-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). Click to get this free report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Further, the company improved its capital structure by revising its Credit Agreement to provide new term loan A facility in total principal amount of $200 million and also increased revolving credit facility with total commitments of $800 million from $600 million earlier.
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3 Stocks to Watch Deckers Outdoor Corporation DECK has along-term earnings growth rate of 11.9% and a Zacks Rank #1 (Strong Buy). Click to get this free report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. In 2018, Wolverine returned around $204 million to its shareholders through dividend payouts and share repurchases.
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3e5db9fd-1448-4728-804d-6305b1d29451
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724216.0
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2019-02-11 00:00:00 UTC
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What Makes Deckers (DECK) a Strong Momentum Stock: Buy Now?
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DECK
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https://www.nasdaq.com/articles/what-makes-deckers-deck-a-strong-momentum-stock%3A-buy-now-2019-02-11
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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) , which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
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?
Let's discuss some of the components of the Momentum Style Score for DECK that show why this maker of Ugg footwear shows promise as a solid momentum pick.
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 13.18% over the past week while the Zacks Shoes and Retail Apparel industry is up 0.36% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 24.16% compares favorably with the industry's 7.32% 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 10.5% over the past quarter, and have gained 55.56% in the last year. In comparison, the S&P 500 has only moved -3.05% and 6.96%, respectively.
Investors should also pay attention to 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. DECK is currently averaging 782,237 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 tha t 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, 5 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost DECK's consensus estimate, increasing from $6.82 to $7.94 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that DECK is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Deckers on your short list.
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.
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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Bottom Line Given these factors, it shouldn't be surprising that DECK is a #1 (Strong Buy) stock and boasts a Momentum Score of A. Below, we take a look at Deckers (DECK) , which currently has a Momentum Style Score of A. Deckers currently has a Zacks Rank of #1 (Strong Buy).
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Below, we take a look at Deckers (DECK) , which currently has a Momentum Style Score of A. Deckers currently has a Zacks Rank of #1 (Strong Buy). Let's discuss some of the components of the Momentum Style Score for DECK that show why this maker of Ugg footwear shows promise as a solid momentum pick.
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Below, we take a look at Deckers (DECK) , which currently has a Momentum Style Score of A. Deckers currently has a Zacks Rank of #1 (Strong Buy). Let's discuss some of the components of the Momentum Style Score for DECK that show why this maker of Ugg footwear shows promise as a solid momentum pick.
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Below, we take a look at Deckers (DECK) , which currently has a Momentum Style Score of A. DECK is currently averaging 782,237 shares for the last 20 days. Deckers currently has a Zacks Rank of #1 (Strong Buy).
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4e500779-ec79-44f5-b658-049b011b9163
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724217.0
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2019-02-11 00:00:00 UTC
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DECK vs. NKE: Which Stock Is the Better Value Option?
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DECK
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https://www.nasdaq.com/articles/deck-vs.-nke%3A-which-stock-is-the-better-value-option-2019-02-11
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nan
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nan
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Investors with an interest in Shoes and Retail Apparel stocks have likely encountered both Deckers (DECK) and Nike (NKE). 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 Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Deckers and Nike are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that DECK has an improving earnings outlook. But this is just one piece of the puzzle for value investors.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its 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.
DECK currently has a forward P/E ratio of 17.77, while NKE has a forward P/E of 31.33. We also note that DECK has a PEG ratio of 1.49. 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. NKE currently has a PEG ratio of 2.54.
Another notable valuation metric for DECK is its P/B ratio of 4.04. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, NKE has a P/B of 14.88.
Based on these metrics and many more, DECK holds a Value grade of B, while NKE has a Value grade of D.
DECK has seen stronger estimate revision activity and sports more attractive valuation metrics than NKE, so it seems like value investors will conclude that DECK is the superior option 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
NIKE, Inc. (NKE): Get Free Report
To read this article on Zacks.com click here.
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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Investors with an interest in Shoes and Retail Apparel stocks have likely encountered both Deckers (DECK) and Nike (NKE). Deckers and Nike are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that DECK has an improving earnings outlook.
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Based on these metrics and many more, DECK holds a Value grade of B, while NKE has a Value grade of D. DECK has seen stronger estimate revision activity and sports more attractive valuation metrics than NKE, so it seems like value investors will conclude that DECK is the superior option right now. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NIKE, Inc. (NKE): Get Free Report To read this article on Zacks.com click here. Investors with an interest in Shoes and Retail Apparel stocks have likely encountered both Deckers (DECK) and Nike (NKE).
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The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that DECK has an improving earnings outlook. Based on these metrics and many more, DECK holds a Value grade of B, while NKE has a Value grade of D. DECK has seen stronger estimate revision activity and sports more attractive valuation metrics than NKE, so it seems like value investors will conclude that DECK is the superior option right now. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NIKE, Inc. (NKE): Get Free Report To read this article on Zacks.com click here.
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Investors with an interest in Shoes and Retail Apparel stocks have likely encountered both Deckers (DECK) and Nike (NKE). Based on these metrics and many more, DECK holds a Value grade of B, while NKE has a Value grade of D. DECK has seen stronger estimate revision activity and sports more attractive valuation metrics than NKE, so it seems like value investors will conclude that DECK is the superior option right now. Deckers and Nike are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now.
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e7b5ba5e-f040-4641-a295-ed3c4461a26c
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724218.0
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2019-02-08 00:00:00 UTC
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Columbia Sportswear (COLM) Beats on Q4 Earnings, Stock Up
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DECK
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https://www.nasdaq.com/articles/columbia-sportswear-colm-beats-on-q4-earnings-stock-up-2019-02-08
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nan
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nan
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Columbia Sportswear CompanyCOLM delivered robust fourth-quarter 2018 results, with the top and the bottom line improving year over year as well as beating the Zacks Consensus Estimate. Moreover, management provided its view for 2019. The solid quarterly outcome has fueled investors' sentiments. Evidently, the stock gained almost 12% in the after-hours trading session on Feb 7.
Markedly, the top line marked its eighth straight quarter of beat and the bottom line delivered positive surprise for 24 quarters in a row. Columbia Sportswear's sturdy surprise history is a treat to investors. We note that shares of this Zacks Rank #1 (Strong Buy) company have rallied close to 27.5% in a year compared with the industry 's rise of 20.5%.
Q4 in Detail
Quarterly adjusted earnings came in at $1.68 per share, which beat the Zacks Consensus Estimate of $1.27. Also, quarterly earnings rose nearly 27% year over year. The bottom line benefited from broad based growth in the DTC as well as wholesale channels and was primarily propelled growth in the United States.
Net sales advanced nearly 18% year over year to $917.6 million. On a constant-currency (cc) basis, net sales grew 19%. Further, adjusted sales increased 16% (up 17% at cc) to $899.3 million. The top line surpassed the Zacks Consensus Estimate of $850.3 million. Performance gained from sturdy results in all product categories and most brands. We note that during the quarter, DTC channels depicted sales growth of nearly 23% (up 24% at cc) and wholesale net sales advanced 14% (up 15% at cc).
Gross profit grew almost 27.8% to $474.6 million. Gross margin expanded 380 basis points (bps) to 51.7%. On an adjusted basis, gross margin surged 280 bps to 50.7%, backed by improved product margins, sales mix and foreign currency hedge rates.
Also, adjusted operating income came in at $154.5 million, depicting a rise of almost 34% year over year. Also adjusted operating margin came in at 17.2%, up 230 bps.
Adjusted effective income tax rate was 25% in the fourth quarter of 2018, higher than 20% in the year-ago quarter.
Columbia Sportswear Company Price, Consensus and EPS Surprise
Columbia Sportswear Company Price, Consensus and EPS Surprise | Columbia Sportswear Company Quote
Regional Segments
United States: Net sales ascended 20% to $589.3 million, owing to growth across the DTC and wholesale businesses. Columbia Sportswear operated 136 U.S. retail stores as of Dec 31, 2018.
Europe/Middle East/Africa (EMEA): Net sales surged 12% to $93.7 million, backed by solid performance in the Europe-direct business and EMEA distributors.
Canada: Net sales increased 21% to $55.3 million, gaining primarily from DTC business.
Latin America/Asia Pacific (LAAP): Net sales improved 16% to $179.3 million, driven by strength in Japan, China and Korea as well as the new revenue accounting standard.
Category and Brand Segments
The increase in net sales was also driven by strong performance of Columbia, SOREL and prAna brands, which registered growth of 21% to $727.8 million, 11% to $126.9 million and 21% to $36.7 million, respectively. However, net sales in the Global Mountain Hardwear brand slumped 8% to $26.1 million.
Further, net sales in the Apparel, Accessories and Equipment category increased 19% to $688.8 million and Footwear sales rose 16% to $228.8 million.
Other Financial Updates
Columbia Sportswear ended the quarter with cash and cash equivalents as well as short-term investments of $700.6 million and total equity of 1,690.3 million. Consolidated inventories advanced 14% to $521.8 million as of Dec 31, 2018.
During 2018, the company generated cash flow from operating activities of $289.6 million, while it incurred capital expenditures of $65.6 million.
Further, Columbia Sportswear paid dividends worth $62.7 million to shareholders and repurchased 2,349,036 shares for nearly $201.6 million in 2018. In Feb 2019, management provided an additional $200 million share repurchase authorization. The company currently has $130 million remaining under the earlier stock repurchase authorization.
Additionally, on Jan 25, 2019, management announced quarterly dividends of 24 cents per share, payable on Mar 18 to shareholders of record as on Mar 7.
Guidance
Management is impressed with fourth-quarter and 2018 results. Even amid economic uncertainties and trade related worries, the company expects consistent growth in 2019 on the back of strong brands and sales channels. The company also expects to continue reaping financial gains from Project CONNECT. Further, management intends to continue with its strategic investments related to demand creation, drive brand awareness and enhance digital capabilities. It will also continue exploring growth opportunities in DTC business and improve support processes.
That said, management provided view for 2019. Net sales are expected in the range of $2.97-$3.03 billion, up nearly 6-8% year on year. Notably, the company expects higher sales during the spring and fall season. The company also envisions 2019 adjusted gross margin to rise nearly 70 bps to nearly 50.2%.
Adjusted SG&A expenses are likely to be deleveraged by 90-110 bps to 38%-38.2%. Further, operating income is estimated in the band of $369-$382 million. Operating margin is expected to be 12.4-12.6%, depicting a contraction of 10bps to an expansion of 10 bps. Adjusted operating margin is expected to contract 30-50 bps. Full-year effective tax rate is estimated at nearly 22%. All said, management expects earnings per share (EPS) for 2019 to be $4.30-$4.45. The Zacks Consensus Estimate for earnings in 2019 is currently pegged at $4.10.
Looking for More Promising Stocks? Check These
Deckers Outdoor Corporation DECK , with long-term EPS growth rate of 11.9%, flaunts a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Guess? GES has long-term EPS growth rate of 17.5% and a Zacks Rank #2 (Buy).
lululemon LULU has long-term EPS growth rate of 19.3% and a Zacks Rank #2.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
lululemon athletica inc. (LULU): Get Free Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Guess?, Inc. (GES): Free Stock Analysis Report
Columbia Sportswear Company (COLM): Get Free 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.
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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Check These Deckers Outdoor Corporation DECK , with long-term EPS growth rate of 11.9%, flaunts a Zacks Rank #1. Click to get this free report lululemon athletica inc. (LULU): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report Columbia Sportswear Company (COLM): Get Free Report To read this article on Zacks.com click here. Latin America/Asia Pacific (LAAP): Net sales improved 16% to $179.3 million, driven by strength in Japan, China and Korea as well as the new revenue accounting standard.
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Click to get this free report lululemon athletica inc. (LULU): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report Columbia Sportswear Company (COLM): Get Free Report To read this article on Zacks.com click here. Check These Deckers Outdoor Corporation DECK , with long-term EPS growth rate of 11.9%, flaunts a Zacks Rank #1. On an adjusted basis, gross margin surged 280 bps to 50.7%, backed by improved product margins, sales mix and foreign currency hedge rates.
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Click to get this free report lululemon athletica inc. (LULU): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report Columbia Sportswear Company (COLM): Get Free Report To read this article on Zacks.com click here. Check These Deckers Outdoor Corporation DECK , with long-term EPS growth rate of 11.9%, flaunts a Zacks Rank #1. Columbia Sportswear Company Price, Consensus and EPS Surprise Columbia Sportswear Company Price, Consensus and EPS Surprise | Columbia Sportswear Company Quote Regional Segments United States: Net sales ascended 20% to $589.3 million, owing to growth across the DTC and wholesale businesses.
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Check These Deckers Outdoor Corporation DECK , with long-term EPS growth rate of 11.9%, flaunts a Zacks Rank #1. Click to get this free report lululemon athletica inc. (LULU): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report Columbia Sportswear Company (COLM): Get Free Report To read this article on Zacks.com click here. Net sales advanced nearly 18% year over year to $917.6 million.
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3bd84bf4-1668-43dc-be0b-9b96f4850db2
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724219.0
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2019-02-08 00:00:00 UTC
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Prestige Consumer (PBH) Q3 Earnings Beat Estimates, Sales Lag
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DECK
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https://www.nasdaq.com/articles/prestige-consumer-pbh-q3-earnings-beat-estimates-sales-lag-2019-02-08
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nan
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nan
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Prestige Consumer Healthcare, Inc . PBH came out with third-quarter fiscal 2019 results, wherein adjusted earnings beat the Zacks Consensus Estimate, while sales lagged the same. Moreover, sales declined year over year, owing to sluggish performance in North American and International segments. This may have marred investors' sentiments as the stock fell 4.6% yesterday.
We also note that shares of this Zacks Rank #4 (Sell) company lost 28.3% in the past six months, underperforming the industry 's decline of 14.7%.
Q3 Details
The company posted adjusted earnings of 73 cents per share, up 4.3% from the year-ago quarter's 70 cents. This upside can be attributed to a solid financial status and robust free cash flow. Also, the figure surpassed the Zacks Consensus Estimate of 71 cents and marked its fourth consecutive quarter o f earnings beat.
Total revenues of $241.4 million missed the Zacks Consensus Estimate of $244 million. The top line dropped 10.8% year over year. Further, organic revenues decreased 3.1% on reduced inventory. Organic revenues don't include the impact of sale of the Household Cleaning segment and any foreign currency movements.
Gross profit came in at $139.2 million, reflecting a decline of 5.7% from the prior-year quarter's figure. However, gross margin expanded 310 basis points (bps) to 57.7% in the fiscal third quarter, primarily driven by the divestiture of the Household Cleaning segment, change in revenue recognition accounting policies and the timing of associated costs.
Adjusted EBITDA was $85.2 million, down 7.2% year over year, owing to the household segment divestiture, packaging expenses of Goody's and BC brands, and significant inventory reductions. Adjusted EBITDA margin expanded 140 bps to 35.3%.
Segment Performance
Following the divestiture of the Household Cleaning segment on Jul 2, 2018, Prestige Consumer is currently operating two segments - the North American OTC Healthcare and the International OTC Healthcare.
Revenues in the North American OTC Healthcare segment amounted $216.8 million, down 3.9% year over year, owing to reduced inventory at certain key retailers.
Revenues in the International OTC Healthcare segment totaled $24.6 million, down 4.3% from the year-ago quarter. The decline was attributable to unfavorable impact of foreign currency and normalization of differences in shipments and distributor orders.
Financial Updates
The company exited the quarter under review with cash and cash equivalents of $24.7 million, net long-term debt of $1,895.8 million and shareholders' equity of $1,842.3 million. During the quarter, the company lowered its debt by $55 million, and in the nine months ending Dec 31, 2018, it reduced debt by $155 million. Net cash provided by operating activities in the quarter was $43.3 million.
Prestige Consumer Healthcare Inc. Price, Consensus and EPS Surprise
Prestige Consumer Healthcare Inc. Price, Consensus and EPS Surprise | Prestige Consumer Healthcare Inc. Quote
Outlook
The company retained its fiscal 2019 outlook. Management continues to expect revenues of $970-$975 million, with organic revenue growth anticipated to range between flat and increase 0.5%. Further, adjusted earnings per share is still projected to be $2.75-$2.78 whose mid-point of $2.77 is slightly above the Zacks Consensus Estimate of $2.76. Moreover, gross margin for fiscal 2019 is still expected to be approximately 57%. Additionally, adjusted free cash flow is anticipated to come in at least $200 million.
Moving on, Prestige Consumer is on track with its three core strategies that resulted in solid free cash flow. This, in turn, enabled the company to lower its debt to a certain extent in the quarter. Prestige Consumer is gaining on strength in leading brands that offset the impact of inventory reductions in the quarter under review. Going ahead, the company is well-positioned for long-term growth with a strong and diversified product portfolio. Also, it is striving to maintain a strong balance sheet and cost-effective capital allocation, and return high value to shareholders.
Stocks to Consider
Funko, Inc. FNKO , carrying a Zacks Rank #1 (Strong Buy), has a long-term growth rate of 22%. You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor Corporation DECK , with long-term earnings per share growth rate of 11.9%, carries a Zacks Rank #1.
Columbia Sportswear Company COLM , carrying a Zacks Rank #1, has long-term growth rate of 10.9%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
Prestige Consumer Healthcare Inc. (PBH): Get Free Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Columbia Sportswear Company (COLM): Get Free Report
Funko, Inc. (FNKO): 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.
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 , with long-term earnings per share growth rate of 11.9%, carries a Zacks Rank #1. Click to get this free report Prestige Consumer Healthcare Inc. (PBH): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Get Free Report Funko, Inc. (FNKO): Free Stock Analysis Report To read this article on Zacks.com click here. Organic revenues don't include the impact of sale of the Household Cleaning segment and any foreign currency movements.
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Click to get this free report Prestige Consumer Healthcare Inc. (PBH): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Get Free Report Funko, Inc. (FNKO): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK , with long-term earnings per share growth rate of 11.9%, carries a Zacks Rank #1. Segment Performance Following the divestiture of the Household Cleaning segment on Jul 2, 2018, Prestige Consumer is currently operating two segments - the North American OTC Healthcare and the International OTC Healthcare.
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Click to get this free report Prestige Consumer Healthcare Inc. (PBH): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Get Free Report Funko, Inc. (FNKO): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK , with long-term earnings per share growth rate of 11.9%, carries a Zacks Rank #1. Financial Updates The company exited the quarter under review with cash and cash equivalents of $24.7 million, net long-term debt of $1,895.8 million and shareholders' equity of $1,842.3 million.
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Deckers Outdoor Corporation DECK , with long-term earnings per share growth rate of 11.9%, carries a Zacks Rank #1. Click to get this free report Prestige Consumer Healthcare Inc. (PBH): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Get Free Report Funko, Inc. (FNKO): Free Stock Analysis Report To read this article on Zacks.com click here. Financial Updates The company exited the quarter under review with cash and cash equivalents of $24.7 million, net long-term debt of $1,895.8 million and shareholders' equity of $1,842.3 million.
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7467410f-3d9f-4090-95d4-b29e65cf1204
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724220.0
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2019-02-06 00:00:00 UTC
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Even as It Approaches Its High DECK Stock Is a Good Buy
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DECK
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https://www.nasdaq.com/articles/even-it-approaches-its-high-deck-stock-good-buy-2019-02-06
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Two years ago, Deckers Outdoor (NYSE: DECK ) was in the middle of a proxy fight with activist investor Richard McGuire, who was calling for all kinds of changes at the maker of Uggs. Typically, CEOs and boards don't take kindly to this kind of uninvited criticism. Interestingly, the company followed many of McGuire's suggestions sending DECK stock to $120.
Unfortunately, for McGuire, he sold his Deckers Outdoor stock in March 2018 for $95 a share, leaving $45 in gains on the table, with more potentially in the offing.
The 9 Best Stocks to Invest In During a Manic Market
Deckers Raises Guidance
The company announced its Q3 2019 earnings Jan. 31; they were very healthy.
Revenues increased 7.7% on a constant currency basis in the quarter to $873.8 million , a company record. Regarding the bottom line, Deckers' operating profits on a non-GAAP basis increased 19.3% to $242.3 million while non-GAAP earnings were $6.59 a share, 32.6% higher than a year earlier.
It's these numbers that sent DECK stock more than 10% higher on the news.
The question for investors, including Mr. McGuire: Is now the time to buy?
Yes It Is Time to Buy DECK Stock
As I stated at the top, Deckers was doing poorly in 2017. If not for some of the moves it made in 2018, such as closing some of its retail stores, cutting its inventory levels, putting a lid on expenses, and recruiting some board members who knew something about retail and fashion, its stock wouldn't be in the $140s.
Although McGuire's activism might have pushed the company to speed up its plan to reignite company sales, it was CEO Dave Powers, a six-year veteran of the company who became Deckers CEO in June 2016, who made it happen.
According to Dave Powers, President and Chief Executive Officer:
"With third quarter results delivered and an updated outlook for the full fiscal year 2019, I am pleased to say that we are now well ahead of schedule to deliver on the long term strategic goals we laid out two years ago… Our third quarter results were propelled by the UGG brand as it successfully delivered a compelling product offering, with thoughtful and controlled distribution. In addition, we achieved impressive growth with our Hoka One One and Koolaburra brands."
Highlights of the third quarter other than the top and bottom lines include a 12.5% increase in wholesale net sales to $482.2 million, which account for 55% of revenue.
Gross margins in the quarter improved by 160 basis points to 53.8%. Ugg sales, which account for 87% of the company's overall revenue, increased by almost 4% in the quarter.
However, it is the company's Hoka One One sneaker line that holds the most untapped potential - in the third quarter sales of the brand increased by 79.2% to $56.9 million or 6.5% of its overall revenue, 260 basis points from a year earlier.
If it can continue to deliver exponential growth from Hoka One One while continuing to increase Ugg's sales by mid-single-digits each quarter, $140 is going to seem very cheap 3-5 years from now.
No, It's Not Time to Buy
The only reason I can think of for not buying DECK stock at this point has everything to do with the fact it is trading within 5% of its all-time high of $146.90.
If you bought below $50 in early 2017, just as the Deckers turnaround plan was getting going, you're sitting on a 200% return over 24 months. That's a long way to come in a short period.
However, Deckers has a forward P/E of 17.2 at the moment, the same as the S&P 500, and less than its five-year historical average. So, at the very worst, you're getting growth at a reasonable price.
The Bottom Line
Deckers has come a long way in two years. In two more years, Deckers shareholders likely will be celebrating a second time.
I hadn't paid a lot of attention to Deckers in recent years, but the latest results suggest it's ready to have another growth spurt. At $140, it's a buy.
As of this writing Will Ashworth did not hold a position in any of the aforementioned securities.
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The post Even as It Approaches Its High DECK Stock Is a Good Buy 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.
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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Unfortunately, for McGuire, he sold his Deckers Outdoor stock in March 2018 for $95 a share, leaving $45 in gains on the table, with more potentially in the offing. The 9 Best Stocks to Invest In During a Manic Market Deckers Raises Guidance The company announced its Q3 2019 earnings Jan. 31; they were very healthy. I hadn't paid a lot of attention to Deckers in recent years, but the latest results suggest it's ready to have another growth spurt.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Two years ago, Deckers Outdoor (NYSE: DECK ) was in the middle of a proxy fight with activist investor Richard McGuire, who was calling for all kinds of changes at the maker of Uggs. Regarding the bottom line, Deckers' operating profits on a non-GAAP basis increased 19.3% to $242.3 million while non-GAAP earnings were $6.59 a share, 32.6% higher than a year earlier. Interestingly, the company followed many of McGuire's suggestions sending DECK stock to $120.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Two years ago, Deckers Outdoor (NYSE: DECK ) was in the middle of a proxy fight with activist investor Richard McGuire, who was calling for all kinds of changes at the maker of Uggs. More From InvestorPlace 2 Toxic Pot Stocks You Should Avoid 7 Stocks That Won Super Bowl Sunday 7 High-Yield ETFs for Brave Investors 10 F-Rated Stocks That Could Break Your Portfolio Compare Brokers The post Even as It Approaches Its High DECK Stock Is a Good Buy appeared first on InvestorPlace . Interestingly, the company followed many of McGuire's suggestions sending DECK stock to $120.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Two years ago, Deckers Outdoor (NYSE: DECK ) was in the middle of a proxy fight with activist investor Richard McGuire, who was calling for all kinds of changes at the maker of Uggs. No, It's Not Time to Buy The only reason I can think of for not buying DECK stock at this point has everything to do with the fact it is trading within 5% of its all-time high of $146.90. Interestingly, the company followed many of McGuire's suggestions sending DECK stock to $120.
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2019-02-04 00:00:00 UTC
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Is Deckers Outdoor (DECK) Outperforming Other Consumer Discretionary Stocks This Year?
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DECK
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https://www.nasdaq.com/articles/is-deckers-outdoor-deck-outperforming-other-consumer-discretionary-stocks-this-year-2019
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Investors focused on the Consumer Discretionary space have likely heard of Deckers Outdoor (DECK), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of DECK and the rest of the Consumer Discretionary group's stocks.
Deckers Outdoor is a member of the Consumer Discretionary sector. This group includes 250 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. DECK 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 1.34% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, DECK has gained about 10.89% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 10.45% on average. This means that Deckers Outdoor is performing better than its sector in terms of year-to-date returns.
To break things down more, DECK belongs to the Shoes and Retail Apparel industry, a group that includes 13 individual companies and currently sits at #96 in the Zacks Industry Rank. On average, stocks in this group have gained 9.79% this year, meaning that DECK is performing better in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to DECK as it looks to continue its solid performance.
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Deckers Outdoor Corporation (DECK): Get Free Report
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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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Investors focused on the Consumer Discretionary space have likely heard of Deckers Outdoor (DECK), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of DECK and the rest of the Consumer Discretionary group's stocks. On average, stocks in this group have gained 9.79% this year, meaning that DECK is performing better in terms of year-to-date returns.
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On average, stocks in this group have gained 9.79% this year, meaning that DECK is performing better in terms of year-to-date returns. Investors focused on the Consumer Discretionary space have likely heard of Deckers Outdoor (DECK), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of DECK and the rest of the Consumer Discretionary group's stocks.
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Investors focused on the Consumer Discretionary space have likely heard of Deckers Outdoor (DECK), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of DECK and the rest of the Consumer Discretionary group's stocks. Deckers Outdoor is a member of the Consumer Discretionary sector.
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Deckers Outdoor is a member of the Consumer Discretionary sector. Investors focused on the Consumer Discretionary space have likely heard of Deckers Outdoor (DECK), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of DECK and the rest of the Consumer Discretionary group's stocks.
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2019-02-04 00:00:00 UTC
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3 Big Stock Charts for Monday: Morgan Stanley, LyondellBasell and Micron Technology
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DECK
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https://www.nasdaq.com/articles/3-big-stock-charts-for-monday%3A-morgan-stanley-lyondellbasell-and-micron-technology-2019-02
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It was neither pretty nor sizeable, but a small gain is better than any-sized loss. The S&P 500 advanced 0.09% on Friday to lead the index to its best weekly close since November.
Exxon Mobil (NYSE: XOM ) led the way with its 3.6% following an impressive fourth-quarter report that inspired similar performances from other energy names. Deckers Outdoor (NYSE: DECK ) was the big winner for the day though, gaining 10.5% on the heels of its Q4 numbers .
Sony (NYSE: SNE ) was at the other end of that spectrum, losing nearly 8% on Friday following the release of its quarterly figures . Profits broke records, but its all-important video gaming division is running into an alarming headwind.
None of those names are worth trading today, however … too much volatility leads to unpredictable reactions. Rather, it's the stock charts of Micron Technology (NASDAQ: MU ), LyondellBasell Industries (NYSE: LYB ) and Morgan Stanley (NYSE: MS ) that look like they've got the more developed, trade-worthy trends in the works.
Micron Technology (MU)
Last week, it was pointed out that Micron Technology was testing resistance at its 100-day moving average line , after hurdling a long-standing resistance line that had guided it lower for the better part of 2018.
7 S&P 500 Stocks to Buy That Tore Up Earnings
On Friday, the 100-day line was cleared as well, and in just the right way.
Click to Enlarge • The 100-day moving average line, plotted in gray on both stock charts, had actually done a pretty solid job at keeping the rally effort in check. After closing above it on Friday though, at least a few would-by buyers are now going to wade in.
• Zooming out to the weekly chart we can put the whole matter in perspective. Micron was brutalized last year, but has taken on a much different tone this year, with old lines in the sand being crossed.
• Particularly encouraging is the amount of bullish volume we've already seen unfurl. We get a feel for this by judging the height of the green bars on the daily chart, but the weekly chart's Chaikin line moving above zero quantifies the idea.
LyondellBasell Industries (LYB)
LyondellBasell Industries was one of the hardest-hit names late last year, falling from a higher near $115 in September to a low around $77 in late September. The rebound effort in the meantime could easily be viewed as nothing more than a dead-cat bounce.
As of Friday though (and with Friday's unique bar in mind), there may be more to the renewed rally than just circumstances. This gain just grew legs.
Click to Enlarge • The shape of Friday's bar is noteworthy. It started below Thursday's low, giving the bears a chance to pull the rug out from underneath it. BY the time the closing bell rang though, Friday's bar had completely engulfed - in a bullish way - Thursday's trading. That sudden and decisive reversal speaks volumes.
• Zooming out to the weekly chart, we've got two bigger-picture bullish clues. One of them is the first MACD cross since the middle of last year. The other is the Chaikin line's cross back above zero, confirming there's good volume behind the bullish action.
• The technical ceiling around $88.40, marked with a yellow dashed line, needs to be cleared. But, hurdling it could be catalytic after a string of higher lows since December.
Morgan Stanley (MS)
More than once over the course of the past few months, Morgan Stanley has been a featured stock chart. It has been trapped by falling support and resistance line, and can't escape. The travel in between these two extremes has made for decent trading.
Right on cue, MS bumped into that upper ceiling again a couple of weeks ago, and began the process of pulling back again. As of Friday, the stock's dangerously close to fulfilling that potential move.
Click to Enlarge • The trading range in question is plotted with white dashed lines on both stock charts. The upper boundary, along with some help from the gray 100-day moving average line, halted and started to reverse the recent rally.
• It's difficult to see on the daily chart, but as of Friday, Morgan Stanley shares are back below the 50-day moving average line.
• If the budding moves takes shape as history suggests it will, the selloff may not stop until the lower edge of the falling trading range is met somewhere around $34… an extreme move from a blue chip in a pretty healthy environment.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter , at @jbrumley.
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The post 3 Big Stock Charts for Monday: Morgan Stanley, LyondellBasell and Micron Technology 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.
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 (NYSE: DECK ) was the big winner for the day though, gaining 10.5% on the heels of its Q4 numbers . Exxon Mobil (NYSE: XOM ) led the way with its 3.6% following an impressive fourth-quarter report that inspired similar performances from other energy names. Click to Enlarge • The 100-day moving average line, plotted in gray on both stock charts, had actually done a pretty solid job at keeping the rally effort in check.
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Deckers Outdoor (NYSE: DECK ) was the big winner for the day though, gaining 10.5% on the heels of its Q4 numbers . Rather, it's the stock charts of Micron Technology (NASDAQ: MU ), LyondellBasell Industries (NYSE: LYB ) and Morgan Stanley (NYSE: MS ) that look like they've got the more developed, trade-worthy trends in the works. Click to Enlarge • The 100-day moving average line, plotted in gray on both stock charts, had actually done a pretty solid job at keeping the rally effort in check.
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Deckers Outdoor (NYSE: DECK ) was the big winner for the day though, gaining 10.5% on the heels of its Q4 numbers . Rather, it's the stock charts of Micron Technology (NASDAQ: MU ), LyondellBasell Industries (NYSE: LYB ) and Morgan Stanley (NYSE: MS ) that look like they've got the more developed, trade-worthy trends in the works. Micron Technology (MU) Last week, it was pointed out that Micron Technology was testing resistance at its 100-day moving average line , after hurdling a long-standing resistance line that had guided it lower for the better part of 2018.
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Deckers Outdoor (NYSE: DECK ) was the big winner for the day though, gaining 10.5% on the heels of its Q4 numbers . BY the time the closing bell rang though, Friday's bar had completely engulfed - in a bullish way - Thursday's trading. The other is the Chaikin line's cross back above zero, confirming there's good volume behind the bullish action.
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2019-02-01 00:00:00 UTC
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Consumer Sector Update for 02/01/2019: DECK, YUMC, AMZN, WMT, MCD, DIS, CVS, KO
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https://www.nasdaq.com/articles/consumer-sector-update-02012019-deck-yumc-amzn-wmt-mcd-dis-cvs-ko-2019-02-01
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Top Consumer Stocks:
WMT: +0.23%
MCD: +0.49%
DIS: +0.10%
CVS: -2.44%
KO: +0.77%
Most consumer stocks gain in Friday's pre-bell trade.
Stocks moving on news include:
(+) Deckers Outdoor ( DECK ), which was up more than 6% as it expanded its share buyback program amid better-than-expected results for its fiscal third quarter, which were bolstered by growing sales of its boots brand UGG.
(+) Yum China Holdings ( YUMC ) was more than 3% higher after the company said Q4 sales increased 2% year over year to $1.91 billion but just missed the CapIQ mean for $1.92 billion. Same-store sales grew 2% year over year.
(-) Amazon.com ( AMZN ) was declining by more than 4% as i t report ed fourth-quarter earnings and revenue that both topped forecasts, but estimates for the first quarter missed expectations.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
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 moving on news include: (+) Deckers Outdoor ( DECK ), which was up more than 6% as it expanded its share buyback program amid better-than-expected results for its fiscal third quarter, which were bolstered by growing sales of its boots brand UGG. Most consumer stocks gain in Friday's pre-bell trade. (-) Amazon.com ( AMZN ) was declining by more than 4% as i t report ed fourth-quarter earnings and revenue that both topped forecasts, but estimates for the first quarter missed expectations.
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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. Stocks moving on news include: (+) Deckers Outdoor ( DECK ), which was up more than 6% as it expanded its share buyback program amid better-than-expected results for its fiscal third quarter, which were bolstered by growing sales of its boots brand UGG. Top Consumer Stocks:
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Stocks moving on news include: (+) Deckers Outdoor ( DECK ), which was up more than 6% as it expanded its share buyback program amid better-than-expected results for its fiscal third quarter, which were bolstered by growing sales of its boots brand UGG. (+) Yum China Holdings ( YUMC ) was more than 3% higher after the company said Q4 sales increased 2% year over year to $1.91 billion but just missed the CapIQ mean for $1.92 billion. 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 moving on news include: (+) Deckers Outdoor ( DECK ), which was up more than 6% as it expanded its share buyback program amid better-than-expected results for its fiscal third quarter, which were bolstered by growing sales of its boots brand UGG. Top Consumer Stocks: (+) Yum China Holdings ( YUMC ) was more than 3% higher after the company said Q4 sales increased 2% year over year to $1.91 billion but just missed the CapIQ mean for $1.92 billion.
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2019-02-01 00:00:00 UTC
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Why Deckers Outdoor Stock Popped Today
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DECK
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https://www.nasdaq.com/articles/why-deckers-outdoor-stock-popped-today-2019-02-01
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What happened
Shares of Deckers Outdoor (NYSE: DECK) have been stepping up to the next level today as the footwear specialist posted strong results in its third-quarter earnings report and lifted its guidance for the full year. As a result, the stock was up 12.2% as of 11:04 a.m. EST.
So what
The parent of brands like UGG boots, Sanuk, and Teva said overall sales rose 7.8% to $873.8 million, which blew past estimates at $821 million. The UGG brand, which makes up nearly all of the company's revenue, saw sales increase 3.6% to $761 million. However, the sudden growth of the Hoka One One brand, which Deckers acquired in 2013, was also a key driver as its sales were up 79.2% to $56.9 million.
The majority of growth also came through the wholesale channel, where sales rose 12.5% to $482.2 million, indicating rising demand in retail stores. Direct-to-consumer sales were up just 2.6% to $391.6 million. Gross margin jumped from 52.2% to 53.8%, a sign that the company efficiently controlled costs. Other cost-cutting initiatives and a lower tax rate helped push adjusted earnings per share up from $4.97 to $6.59, easily topping expectations of $5.28.
CEO Dave Powers said:
Now what
Deckers also lifted its full-year guidance across the board. The company now sees sales of $1.986 billion to $2 billion, up from a previous range of $1.935 billion to $1.96 billion. It expects operating margin of 14.5% to 14.7%, up from 13% to 13.2%, and adjusted earnings per share of $7.85 to $7.95, compared to a previous range of $6.65 to $6.85.
The bulk of the company's profits come during the holiday quarter as it also marks the beginning of the winter. In the current quarter, Deckers sees an EPS of just break-even to $0.10, which was below estimates of $0.27.
Still, given the strong performance in the key holiday quarter, it's not surprising to see the stock surging today.
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Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
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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What happened Shares of Deckers Outdoor (NYSE: DECK) have been stepping up to the next level today as the footwear specialist posted strong results in its third-quarter earnings report and lifted its guidance for the full year. However, the sudden growth of the Hoka One One brand, which Deckers acquired in 2013, was also a key driver as its sales were up 79.2% to $56.9 million. CEO Dave Powers said: Now what Deckers also lifted its full-year guidance across the board.
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What happened Shares of Deckers Outdoor (NYSE: DECK) have been stepping up to the next level today as the footwear specialist posted strong results in its third-quarter earnings report and lifted its guidance for the full year. However, the sudden growth of the Hoka One One brand, which Deckers acquired in 2013, was also a key driver as its sales were up 79.2% to $56.9 million. CEO Dave Powers said: Now what Deckers also lifted its full-year guidance across the board.
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10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. What happened Shares of Deckers Outdoor (NYSE: DECK) have been stepping up to the next level today as the footwear specialist posted strong results in its third-quarter earnings report and lifted its guidance for the full year. However, the sudden growth of the Hoka One One brand, which Deckers acquired in 2013, was also a key driver as its sales were up 79.2% to $56.9 million.
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However, the sudden growth of the Hoka One One brand, which Deckers acquired in 2013, was also a key driver as its sales were up 79.2% to $56.9 million. What happened Shares of Deckers Outdoor (NYSE: DECK) have been stepping up to the next level today as the footwear specialist posted strong results in its third-quarter earnings report and lifted its guidance for the full year. CEO Dave Powers said: Now what Deckers also lifted its full-year guidance across the board.
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2019-02-01 00:00:00 UTC
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Deckers (DECK) Tops Q3 Earnings & Sales Estimates, Raises View
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DECK
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https://www.nasdaq.com/articles/deckers-deck-tops-q3-earnings-sales-estimates-raises-view-2019-02-01
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Deckers Outdoor CorporationDECK delivered better-than-expected third-quarter fiscal 2019 results. Management pointed that impressive growth across UGG, HOKA ONE ONE and Koolaburra brands aided the quarterly performance. This was the eighth straight quarter of positive sales and earnings surprises. Impressive performance prompted management to raise fiscal 2019 view.
For fiscal 2019 adjusted earnings are projected to be in the range of $7.85-$7.95, portraying an improvement over $5.74 reported in fiscal 2018. The current Zacks Consensus Estimate for fiscal 2019 is $6.91. The company had earlier guided adjusted earnings in the range of $6.65-$6.85 per share.
Notably, shares of this Zacks Rank #1 (Strong Buy) company were up roughly 4% during after-market trading session on Jan 31. The stock has advanced 9.6% in the past six months outperforming the industry 's growth of 0.6%. Deckers is focused on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce, and optimizing omni-channel distribution.
Let's Delve Deep
This footwear and apparel retailer reported adjusted earnings of $6.59 per share that surpassed the Zacks Consensus Estimate of $5.31 and improved substantially from $4.97 in the prior-year period. Increased sales, supply chain optimization, higher gross margin, operating expense efficiencies, share buyback activity and lower effective tax rate facilitated bottom-line growth.
The top line also continues to improve, rising 7.8% to $873.8 million during the reported quarter, following an increase of 4% in the preceding quarter. Net sales also came ahead of the Zacks Consensus Estimate of $826.9 million. On a constant currency basis, net sales grew 7.7%.
UGG domestic wholesale contributed primarily to net sales growth that also benefited from rise in sales across HOKA ONE ONE and Koolaburra brands. Lower promotional activity for the UGG brand resulted in higher full price selling that benefited the top line and gross margin. These were partly offset by sluggishness witnessed internationally within DTC channel.
Deckers had earlier guided net sales in the range of $805-$825 million and earnings per share in the range of approximately $5.10-$5.25 for the quarter under review. However, this Goleta, CA-based company went on to post far better results than anticipated.
Gross margin expanded 160 basis points to 53.8% on the back of improved full-price selling. Adjusted SG&A expenses were $227.8 million up 3.4% from the same period last year, while as a percentage of net sales adjusted SG&A expenses came in at 26.1% down from 27.2% in the year-ago period.
Adjusted operating income came in at $242.3 million, up 19.3% from the year-ago quarter, while operating margin expanded 260 basis points to 27.7%.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote
Sales by Geography & Channel
The company's domestic net sales jumped 14.2% to $573 million in the reported quarter. Meanwhile, international net sales declined 2.6% to $300.8 million.
Direct-to-Consumer ("DTC") net sales advanced 2.6% to $391.6 million. DTC comparable sales rose 1.4% year over year. Wholesale net sales in the reported quarter grew 12.5% to $482.2 million.
Brand-wise Discussion
UGG brand net sales increased 3.6% to $761 million in the reported quarter. Net sales for the Sanuk brand, known for its exclusive sandals and shoes, came in at $12.9 million, down 7% year over year.
HOKA ONE ONE brand net sales soared 79.2% to $56.9 million, while Teva brand net sales advanced 17.5% to $22.9 million.
Other Financial Aspects
At the end of the quarter, Deckers had cash and cash equivalents of $515.9 million, total short-term borrowings and mortgage payable of $31.7 million and shareholders' equity of $1,017.9 million.
During the quarter under review, Deckers bought back approximately 249,000 shares of worth $27 million. As of Dec 31, 2018, the company had $89 million remaining under its $400 million share buyback program. The company's board of directors recently approved an additional share repurchase authorization worth $261 million, which took the total stock buyback program to $350 million.
Guidance
Deckers provided an encouraging view for fiscal 2019. Management now anticipates net sales to be in the band of $1.986-$2.0 billion, up from its prior projection of $1,935-$1,960 million. Management guided revenues from UGG brand to be roughly flat and sales from Teva brand to be up low-single digit. Sanuk brand sales are expected to be down in mid-single digit. Meanwhile, sales at HOKA ONE ONE brand are projected to be up in mid-40% range.
Gross margin for the fiscal year is anticipated to be above 50.5%. Further, SG&A expense as a percentage of sales is projected to be lower than 36.5%. Operating margin is envisioned to be in the range of 14.5-14.7%.
For the fourth quarter, net sales are estimated to be in the range of $360-$374 million compared with $400.7 million reported in the year-ago period. The Zacks Consensus Estimate for revenues is pegged at $388.8 million for the quarter. Management forecasts the bottom line in the range of break-even to 10 cents compared with 50 cents a share in the prior-year quarter. The current Zacks Consensus Estimate for the quarter is 24 cents.
3 Hot Stocks Awaiting Your Look
G-III Apparel GIII has a long-term earnings growth rate of 15% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Columbia Sportswear COLM delivered average positive earnings surprise of 79.9% in the trailing four quarters. It carries a Zacks Rank #2 (Buy).
V.F. Corporation VFC delivered average positive earnings surprise of 16.3% in the trailing four quarters. It has a long-term earnings growth rate of 11.4% and a Zacks Rank #2.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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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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Deckers is focused on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce, and optimizing omni-channel distribution. Deckers Outdoor CorporationDECK delivered better-than-expected third-quarter fiscal 2019 results. Deckers had earlier guided net sales in the range of $805-$825 million and earnings per share in the range of approximately $5.10-$5.25 for the quarter under review.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote Sales by Geography & Channel The company's domestic net sales jumped 14.2% to $573 million in the reported quarter. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report V.F. Deckers Outdoor CorporationDECK delivered better-than-expected third-quarter fiscal 2019 results.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote Sales by Geography & Channel The company's domestic net sales jumped 14.2% to $573 million in the reported quarter. Deckers Outdoor CorporationDECK delivered better-than-expected third-quarter fiscal 2019 results. Deckers is focused on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce, and optimizing omni-channel distribution.
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Deckers Outdoor CorporationDECK delivered better-than-expected third-quarter fiscal 2019 results. Deckers is focused on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce, and optimizing omni-channel distribution. Deckers had earlier guided net sales in the range of $805-$825 million and earnings per share in the range of approximately $5.10-$5.25 for the quarter under review.
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af2abc89-3ca3-4732-9e30-c8b2bae7aafb
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724226.0
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2019-02-01 00:00:00 UTC
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Consumer Sector Update for 02/01/2019: YUMC,DECK,AMZN
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-02012019-yumcdeckamzn-2019-02-01
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nan
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nan
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Top Consumer Stocks
WMT -2.43%
MCD -0.65%
DIS -0.23%
CVS -0.14%
KO +0.93%
Consumer stocks were drifting lower Friday, with shares of consumer staples companies in the S&P 500 falling nearly 0.6% this afternoon while shares of consumer discretionary firms in the S&P 500 were down over 1.1%.
Among consumer stocks moving on news:
(+) Yum China Holdings ( YUMC ) surged 8% higher on Friday after the restaurant company swung to a $0.19 per share Q4 profit compared with a $0.28 per share net loss during the year-ago period and beat the Capital IQ consensus by $0.10 per share. Net sales grew 2% year over year to $1.91 billion, compared with the analyst mean of $1.92 billion.
In other sector news:
(+) Deckers Outdoor ( DECK ) was 11% higher in recent trading after the apparel and footwear company reported better-than-expected fiscal Q3 financial results, including an increase in adjusted net income to $6.59 per share from $4.97 per share during the year-ago period, crushing the $5.29 per share analyst consensus.
(-) Amazon.com ( AMZN ) slumped almost 5% on Friday after the online retailer issued a Q1 sales forecast trailing Wall Street estimates. It sees sales climbing to a range of $56 billion to $60 billion during the first three months of 2019 but still lagging the $61 billion Capital IQ consensus.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
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 other sector news: (+) Deckers Outdoor ( DECK ) was 11% higher in recent trading after the apparel and footwear company reported better-than-expected fiscal Q3 financial results, including an increase in adjusted net income to $6.59 per share from $4.97 per share during the year-ago period, crushing the $5.29 per share analyst consensus. Among consumer stocks moving on news: (+) Yum China Holdings ( YUMC ) surged 8% higher on Friday after the restaurant company swung to a $0.19 per share Q4 profit compared with a $0.28 per share net loss during the year-ago period and beat the Capital IQ consensus by $0.10 per share. (-) Amazon.com ( AMZN ) slumped almost 5% on Friday after the online retailer issued a Q1 sales forecast trailing Wall Street estimates.
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In other sector news: (+) Deckers Outdoor ( DECK ) was 11% higher in recent trading after the apparel and footwear company reported better-than-expected fiscal Q3 financial results, including an increase in adjusted net income to $6.59 per share from $4.97 per share during the year-ago period, crushing the $5.29 per share analyst consensus. Among consumer stocks moving on news: (+) Yum China Holdings ( YUMC ) surged 8% higher on Friday after the restaurant company swung to a $0.19 per share Q4 profit compared with a $0.28 per share net loss during the year-ago period and beat the Capital IQ consensus by $0.10 per share. Net sales grew 2% year over year to $1.91 billion, compared with the analyst mean of $1.92 billion.
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In other sector news: (+) Deckers Outdoor ( DECK ) was 11% higher in recent trading after the apparel and footwear company reported better-than-expected fiscal Q3 financial results, including an increase in adjusted net income to $6.59 per share from $4.97 per share during the year-ago period, crushing the $5.29 per share analyst consensus. Consumer stocks were drifting lower Friday, with shares of consumer staples companies in the S&P 500 falling nearly 0.6% this afternoon while shares of consumer discretionary firms in the S&P 500 were down over 1.1%. Among consumer stocks moving on news: (+) Yum China Holdings ( YUMC ) surged 8% higher on Friday after the restaurant company swung to a $0.19 per share Q4 profit compared with a $0.28 per share net loss during the year-ago period and beat the Capital IQ consensus by $0.10 per share.
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In other sector news: (+) Deckers Outdoor ( DECK ) was 11% higher in recent trading after the apparel and footwear company reported better-than-expected fiscal Q3 financial results, including an increase in adjusted net income to $6.59 per share from $4.97 per share during the year-ago period, crushing the $5.29 per share analyst consensus. Consumer stocks were drifting lower Friday, with shares of consumer staples companies in the S&P 500 falling nearly 0.6% this afternoon while shares of consumer discretionary firms in the S&P 500 were down over 1.1%. Among consumer stocks moving on news: (+) Yum China Holdings ( YUMC ) surged 8% higher on Friday after the restaurant company swung to a $0.19 per share Q4 profit compared with a $0.28 per share net loss during the year-ago period and beat the Capital IQ consensus by $0.10 per share.
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a6ec8a4c-81fa-4c8b-b029-02e1d0e88e18
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724227.0
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2019-02-01 00:00:00 UTC
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Notable Friday Option Activity: GOOG, NFLX, DECK
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DECK
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https://www.nasdaq.com/articles/notable-friday-option-activity-goog-nflx-deck-2019-02-01
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alphabet Inc (Symbol: GOOG), where a total of 18,755 contracts have traded so far, representing approximately 1.9 million underlying shares. That amounts to about 128.6% of GOOG's average daily trading volume over the past month of 1.5 million shares. Particularly high volume was seen for the $1120 strike call option expiring February 08, 2019 , with 1,090 contracts trading so far today, representing approximately 109,000 underlying shares of GOOG. Below is a chart showing GOOG's trailing twelve month trading history, with the $1120 strike highlighted in orange:
Netflix Inc (Symbol: NFLX) saw options trading volume of 177,642 contracts, representing approximately 17.8 million underlying shares or approximately 120.5% of NFLX's average daily trading volume over the past month, of 14.7 million shares. Particularly high volume was seen for the $345 strike call option expiring February 01, 2019 , with 17,473 contracts trading so far today, representing approximately 1.7 million underlying shares of NFLX. Below is a chart showing NFLX's trailing twelve month trading history, with the $345 strike highlighted in orange:
And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 8,174 contracts, representing approximately 817,400 underlying shares or approximately 119.8% of DECK's average daily trading volume over the past month, of 682,445 shares. Especially high volume was seen for the $150 strike put option expiring February 15, 2019 , with 852 contracts trading so far today, representing approximately 85,200 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $150 strike highlighted in orange:
For the various different available expirations for GOOG options , NFLX options , or DECK options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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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Especially high volume was seen for the $150 strike put option expiring February 15, 2019 , with 852 contracts trading so far today, representing approximately 85,200 underlying shares of DECK. Below is a chart showing NFLX's trailing twelve month trading history, with the $345 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 8,174 contracts, representing approximately 817,400 underlying shares or approximately 119.8% of DECK's average daily trading volume over the past month, of 682,445 shares. Below is a chart showing DECK's trailing twelve month trading history, with the $150 strike highlighted in orange: For the various different available expirations for GOOG options , NFLX options , or DECK options , visit StockOptionsChannel.com.
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Below is a chart showing NFLX's trailing twelve month trading history, with the $345 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 8,174 contracts, representing approximately 817,400 underlying shares or approximately 119.8% of DECK's average daily trading volume over the past month, of 682,445 shares. Especially high volume was seen for the $150 strike put option expiring February 15, 2019 , with 852 contracts trading so far today, representing approximately 85,200 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $150 strike highlighted in orange: For the various different available expirations for GOOG options , NFLX options , or DECK options , visit StockOptionsChannel.com.
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Below is a chart showing NFLX's trailing twelve month trading history, with the $345 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 8,174 contracts, representing approximately 817,400 underlying shares or approximately 119.8% of DECK's average daily trading volume over the past month, of 682,445 shares. Especially high volume was seen for the $150 strike put option expiring February 15, 2019 , with 852 contracts trading so far today, representing approximately 85,200 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $150 strike highlighted in orange: For the various different available expirations for GOOG options , NFLX options , or DECK options , visit StockOptionsChannel.com.
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Below is a chart showing NFLX's trailing twelve month trading history, with the $345 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 8,174 contracts, representing approximately 817,400 underlying shares or approximately 119.8% of DECK's average daily trading volume over the past month, of 682,445 shares. Especially high volume was seen for the $150 strike put option expiring February 15, 2019 , with 852 contracts trading so far today, representing approximately 85,200 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $150 strike highlighted in orange: For the various different available expirations for GOOG options , NFLX options , or DECK options , visit StockOptionsChannel.com.
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f96a7a9b-1889-4382-a730-4ad2758d23db
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724228.0
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2019-02-01 00:00:00 UTC
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Why Aphria, Deckers Outdoor, and Yum China Holdings Jumped Today
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DECK
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https://www.nasdaq.com/articles/why-aphria-deckers-outdoor-and-yum-china-holdings-jumped-today-2019-02-01
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nan
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nan
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The stock market finished Friday close to where it started, but not without some drama along the way. The Dow Jones Industrial Average jumped to a nearly 200-point gain early in the session as investors celebrated extremely strong numbers from the January U.S. employmen t report . Yet by the end of the day, much of those gains had evaporated, and several major indexes finished lower. Even so, some stocks still fared well, and Aphria (NYSE: APHA) , Deckers Outdoor (NYSE: DECK) , and Yum China Holdings (NYSE: YUMC) were among the top performers. Here's why they did so well.
Aphria heads to Europe
Shares of Aphria jumped 10% after the Canadian cannabis company announced that it had completed the first transfer of marijuana plant cuttings to its European partner. Aphria had announced last September that it would collaborate with Denmark's Schroll Medical to help it boost its production capacity, and the transplantation marks an essential step in the process toward Aphria building up its market share in the fast-growing European market. Even with some investors remaining skeptical about a hostile buyout bid , Aphria is trying to demonstrate its ability to succeed on its own without an acquirer.
Deckers knocks investors' socks off
Deckers Outdoor saw its stock climb more than 10% following its release of fiscal third-quarter financial results. The maker of the popular UGG boot line said that sales climbed 8%, lifted largely by the success of its Hoka One One product line. Interestingly, Deckers has had great success in doing the opposite of many apparel and footwear companies, with outsized growth in wholesale sales to third-party retailers while seeing minimal gains in direct-to-consumer sales of its own. Shareholders now believe that Deckers has restored the value of its fashion brands, and that's an essential element of sustained success for the company.
Yum China looks tasty
Finally, shares of Yum China Holdings finished higher by 8%. The operator of KFC and Pizza Hut restaurant locations in the Chinese market reported increases in both overall revenue and same-store sales during the fourth quarter of 2018, powered forward by strength in the KFC concept. Weakness at Pizza Hut continued to weigh on Yum China, but CEO Joey Wat did note that even Pizza Hut saw an increase in customer counts at its existing locations. With dramatic expansion going on, Yum China is doing everything it can to maximize its opportunities while staying in control of its operational performance.
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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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Shareholders now believe that Deckers has restored the value of its fashion brands, and that's an essential element of sustained success for the company. Even so, some stocks still fared well, and Aphria (NYSE: APHA) , Deckers Outdoor (NYSE: DECK) , and Yum China Holdings (NYSE: YUMC) were among the top performers. Deckers knocks investors' socks off Deckers Outdoor saw its stock climb more than 10% following its release of fiscal third-quarter financial results.
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Even so, some stocks still fared well, and Aphria (NYSE: APHA) , Deckers Outdoor (NYSE: DECK) , and Yum China Holdings (NYSE: YUMC) were among the top performers. Deckers knocks investors' socks off Deckers Outdoor saw its stock climb more than 10% following its release of fiscal third-quarter financial results. Interestingly, Deckers has had great success in doing the opposite of many apparel and footwear companies, with outsized growth in wholesale sales to third-party retailers while seeing minimal gains in direct-to-consumer sales of its own.
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Even so, some stocks still fared well, and Aphria (NYSE: APHA) , Deckers Outdoor (NYSE: DECK) , and Yum China Holdings (NYSE: YUMC) were among the top performers. Deckers knocks investors' socks off Deckers Outdoor saw its stock climb more than 10% following its release of fiscal third-quarter financial results. Interestingly, Deckers has had great success in doing the opposite of many apparel and footwear companies, with outsized growth in wholesale sales to third-party retailers while seeing minimal gains in direct-to-consumer sales of its own.
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Even so, some stocks still fared well, and Aphria (NYSE: APHA) , Deckers Outdoor (NYSE: DECK) , and Yum China Holdings (NYSE: YUMC) were among the top performers. Deckers knocks investors' socks off Deckers Outdoor saw its stock climb more than 10% following its release of fiscal third-quarter financial results. Interestingly, Deckers has had great success in doing the opposite of many apparel and footwear companies, with outsized growth in wholesale sales to third-party retailers while seeing minimal gains in direct-to-consumer sales of its own.
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724229.0
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2019-01-31 00:00:00 UTC
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Deckers Outdoor Corp (DECK) Q3 2019 Earnings Conference Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-deck-q3-2019-earnings-conference-call-transcript-2019-01-31
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nan
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nan
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Deckers Outdoor Corp (NYSE: DECK)
Q3 2019 Earnings Conference Call
Jan. 31, 2019 , 4:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good afternoon and thank you for standing by. Welcome to the Deckers Brands Third Quarter Fiscal 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the presentation we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. (Operator Instructions) I would like to remind everyone that this conference call is being recorded. And I now like to turn the call over to Erinn Kohler, Senior Director, Investor Relations and Corporate Planning. Please go ahead.
Erinn Kohler -- Senior Director, Investor Relations and Corporate Planning
Thank you everyone for joining us today. On the call is Dave Powers, President and Chief Executive Officer; and Steve Fasching, Chief Financial Officer.
Before we begin, I would like to remind everyone of the Company's Safe Harbor policy. Please note that certain statements made on this call are forward-looking statements within the meaning of the federal securities laws, which are subject to considerable risks and uncertainties. These forward-looking statements are intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995.
All statements made on this call today, other than statements of historical facts, are forward-looking statements, and include statements regarding our anticipated financial performance. Including, but not limited to, our projected revenue, margins, expenses, earnings per share, cost savings, and operating profit improvement, as well as statements regarding our strategies for our products and brands.
Forward-looking statements made on this call represent management's current expectations and are based on information available at the time of such statements are made. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause our actual result to differ materially from any results predicted, assumed, or implied by the forward-looking statements.
The Company has explained some of these risks and uncertainties in its SEC filings, including in the Risk Factor section of its Annual Report on Form 10-K and quarterly report on Form 10-Q. Except as required by law, or the listing rules of the New York Stock Exchange, the Company expressly disclaims any intent or obligation to update any forward-looking statements.
With that, I'll now turn it over to Dave.
David Powers -- Chief Executive Officer, President and Director
Thanks, Erinn, and good afternoon to everyone. Today we are excited to share the results of our fiscal third quarter. Our performance was well ahead of the guidance we provided last quarter and demonstrates the progress we continue to make on the strategies we laid out two years ago. We delivered sales of $874 million compared to guidance of $805 million to $825 million, and non-GAAP earnings per share was $6.59 versus guidance of $5.10 to $5.25.
For the past few quarters we've been talking about the improvements we are making across the business, including, bringing compelling product to market, implementing thoughtful and controlled distribution strategies, elevating and segmenting product offerings, growing our non-UGG brands and improving gross margins and operating margin. These exceptional results underscore how well our teams have executed on each of these front.
Importantly, the results go beyond just our UGG brand. While the third quarter has traditionally been viewed as an UGG quarter, we achieved impressive growth with our HOKA ONE ONE and Koolaburra brand. These two brands significantly contributed to the growth of our business and further emphasized the progress the entire Deckers organization continues to make toward organically growing our brand portfolio. I'm incredibly proud of these accomplishments and very pleased to share our results.
Now let's get into some of the details for the quarter. Starting with the results produced by the Fashion Lifestyle group, UGG sales were $761 million in the third quarter, up 3.6% to last year and driving the majority of our upside to guidance. We communicated a strong global market ing campaign for the brand's 40th anniversary alongside a very compelling product line.
Overall, placement of core product in US wholesale accounts was well received by consumers and our strategic approach to product allocation and segmentation paid high full price sell-through rate. Along with a great selling as well as further improvement in our supply chain process, inventory levels significantly improved and we are very pleased with how we exited the quarter.
The revenue beat in the quarter was largely attributed to accelerated growth in our UGG Men's business as well as non-core styles in UGG Women's; better full price selling and domestic wholesale as we controlled the distribution of our core classic, introduced select new points of distribution and won with consumers which led to additional reorders, fewer cancellations and less promotional activity than we anticipated in our guidance; improved performance in our domestic DTC channel with better-than-anticipated selling in both retail and e-commerce; cold weather in October and November aided in creating early demand with strong full price sell-in and sell-through; and some early distributor shipments in Europe which were originally planned for the fourth quarter.
This upside was partially offset by a challenging in international environment with lower-than-anticipated sales in our APAC region, in particular as we saw weakness in the region within our DTC channel, which fell below expectations for the UGG brand, and continued weakness in the European marketplace which we believe is a result of region-specific factors, including struggles in the UK as Brexit talk continue and recent labor strikes during the quarter.
We foresee continued challenges in the economies in these regions and we will take this into account as we look toward next year. However, with the early success we've had with controlling the US wholesale marketplace through our allocation and segmentation strategy, we are exploring ways to implement this approach in other global market to improving the selling and heat of the brand internationally. The evolution of our UGG product line is producing growth in key focus areas as planned, specifically UGG Men's where we experienced significant gains with styles like the Neumel, which continues to capture market share with the younger consumer and the increasingly popular Tasman Slipper, which more than doubled in volume versus the prior-year quarter.
We're also seeing success of men's boots outside of the brand's core styling. We believe there is meaningful opportunity to reach a wider array of male consumers with broader wearing occasions as evidenced by performance of styles such as the Hannen and Seton. And at the same time, several new women's styles also continued to gain traction with high demand for the Fluff Yeah slide and the Neutra sneaker.
Again, complementing our strong lineup of products during this year's fall season, we successfully executed our domestic wholesale core classic allocation and segmentation strategy. This resulted in an intentional shift of dynamic within the brand's revenue in the quarter. Specifically, the mix of product sales of the brand in the quarter resulted in men's increasing its penetration of brand sales, rising to 15%; total women's classics moderating to about 48%, with core classics units sold into the marketplace below last year's level; women's non-classics increasing as a percentage of total brand sales driven by success in new styles including significant growth in the women's shoe category, which nearly doubled in volume versus the prior year.
This shift in the UGG brand's revenue composition demonstrates that we are continuing to make progress in becoming less reliant on core classic styles, allowing us to showcase the breadth of what the brand can offer with success. Coming off another strong holiday season, we plan to fuel the UGG brand momentum with new product collaborations, increased social media presence and celebrity influence. According to the NPD Group's retail tracking service, UGG was the number one women's US fashion footwear brand in the three months ending December 31st, up 11% from last year and commanding 8% of the market. Additionally, in the same time period, UGG was the number sixth men's US fashion footwear brand, up 18% from year-ago level.
Performance in the UGG brand was also aided by favorable weather conditions, in particular in the US with weather turning cold early in the season. These external variables spark incremental opportunity, allowing us to sell products early in the quarter with high-sell through rates of full price experienced in wholesale accounts as well as in our own DTC channel. These conditions improved reorders and minimized in-season cancellations, resulting in less promotional activity in past years and reducing the amount of inventory being sold through closeout avenue with the combined impact of these items significantly lifting both our topline results and profitability.
Koolaburra also made impressive strides in the quarter, performing above expectations and gaining significant market share in the family value channel. We saw success with the brand in existing accounts as well as new wholesale partners for the season with strong consumer demand and sell-through. We are actively building the positioning of the brand in the marketplace for next year and we are managing strategic placement with a clear vision of the brand's positioning.
Now turning to the Performance Lifestyle group. Within our Performance Lifestyle group, the HOKA ONE ONE brand generated standout result and made significant gains versus the prior year, growing nearly 80% in the quarter. While the third quarter has not traditionally been the largest quarter for the brand, HOKA exceeded expectations and delivered its biggest revenue quarter ever with $57 million in sales for the period. This upside is flowing through to our updated full year projections, putting the brand at an estimated $220 million for the full year fiscal 2019, representing over 40% growth versus fiscal year 2018.
Not only did the brand surpassed revenue expectations in the period, but it did so at a very profitable rate with gross margins coming in above prior forecast. This was mainly driven by strong full price selling at volumes above prior guidance.
The Clifton and Bondi franchises continued to sell well in the run-specialty channel with the brand once again increased market share, retaining the attention of the loyal runner, as well as attracting the attention of new consumers. Product highlights aside from some of the larger volume core styles include the Gaviota, which has experienced fast growth in particular gaining strength and popularity with our female consumer, focused on stability running and offering premium, support, rebound and durability; continued growth with the popular Speedgoat trail running shoe and the Arahi, known for providing dynamic stability while staying true to the brand's offering of maximum cushion with minimal weight.
Looking ahead, we are excited about the launch of new offerings in the brand's Sky collection which we're confident will show that HOKA can be relevant in the hiking category. Along with the continued strength of its core run specialty products, the brand has strong momentum, closeout, another successful year.
Now moving to the performance of our DTC channel, our global DTC business delivered $392 million of revenue in the quarter, representing an increase of 2.6% versus the prior year, with DTC comps up 1.4%. We experienced a strong start to the season, mainly in the US with strong full price selling and minimal promotions throughout the holiday season. Additionally, we saw meaningful growth with our non-UGG brand, specifically HOKA and Koolaburra. We captured the audience and new consumers in our e-commerce channel as we continued to target a younger consumer by offering new ways to connect with our brands and purchase through their online experience.
According to YouGov, UGG brand impression among 18 to 34 year-old women reached an all-time high in Q3. In the calendar year, 1.9 million new consumers make purchases directly through our DTC channel across all of our brands for the first time. Overall, with these results being well above our prior guidance, I'm excited to see the business achieving some of our long-term goals well ahead of schedule. We recognize that certain favorable dynamics that played a part in this past quarter's outcome may not always be attainable in future years. Nevertheless, I am proud of the team's Q3 fiscal 2019 execution as we were able to attack our seasonal strategies and capture excess demand in a controlled marketplace.
With that, I'll now turn the call over to Steve to provide more details on the financials.
Steven J. Fasching -- Chief Financial Officer
Thanks, Dave, and good afternoon, everyone. As you've heard, our results for the quarter are exceptional. And now I will take you through them in greater detail and provide an updated outlook for the fourth quarter and our full year fiscal 2019. Please note, throughout this discussion where I refer to non-GAAP financial measures, I'm referring to results before taking into account restructuring charges and other amounts that our management believes are not core to our ongoing operating results. Also note, our non-GAAP results are not adjusted for constant currency. A reconciliation between our reported GAAP results and the non-GAAP results can be found in our earnings release that is posted on our website under the Investors tab.
Now to our results for the third quarter. As Dave mentioned, we achieved sales and profitability that was well ahead of our prior guidance, reaching a record third quarter result of $874 million in revenue and $6.59 in non-GAAP earnings per share for the period. Revenue was above our prior high guidance by $49 million.
Contributing to the revenue beat, we saw success in our key areas of focus, including non-core plastic styles within UGG, as well as strength in our HOKA and Koolaburra brands. Specifically, the incremental revenue volume above guidance was primarily driven by approximately $18 million in UGG domestic wholesale, with higher-than-expected sales in UGG men's and women's non-core styles, including women's shoes; $15 million from less promotional activity for the UGG brand, driving increased full price selling seen in the top line results, as well as improved gross margin; $8 million from HOKA as the brand continued to see rapid expansion of market share in the run specialty channel; $2 million from Koolaburra as in-season reorders were strong; as well as some early European wholesale and distributor shipments originally planned for the fourth quarter.
These highlights of accelerated sales were partially offset by some weakness seen internationally within our DTC channel as the regional economies within Europe and Asia continued to face macro headwind. Revenue compared to last year was higher by $63 million. The increase to last year was driven by UGG up $26 million from approximately $10 million of planned wholesale orders that shifted out of Q4 and into Q3 related to earlier introduction date of product this year; $6 million of earlier European wholesale and distributor orders as compared to a year ago and our expectation for the quarter; and due to a change in online revenue recognition this year, $12 million that last year was deferred to Q4; HOKA was up $25 million globally and higher domestic sales also contributed from our Koolaburra brand.
Gross margins for the quarter was 53.8%, also significantly better than expected and up 160 basis points versus last year. The majority of this improved result was driven by a less promotional environment and fewer closeout sales which in turn helped drive higher full price selling. In addition, we also benefited from our supply chain initiatives as we continued to implement improvements on our processes and deliver efficiencies.
On expenses, our non-GAAP SG&A was $228 million, up 3.4% to last year, but below implied guidance. The increase to last year was driven by an increase in variable sales expense related to the higher revenue in the quarter as well as the planned increase in marketing spend as compared to last year. And as we continue to deliver on our operating profit improvement plan, we achieved improvements in our SG&A profile.
The combined impact of these results drove net income above guidance by $40 million, with major contributions coming from $12 million from a less promotional environment than previously anticipated; $8 million from improved gross margins from continued supply chain improvement; $7 million of profit from higher sales driven by strong full price selling, increased reorders and fewer cancellations; $3 million from an improved tax rate; $2 million from earlier European shipment; and the majority of the balance coming from operating expense efficiencies, driven by overhead and back office support leverage.
Non-GAAP diluted earnings per share was $6.59 compared to $4.97 last year and our guidance range of $5.10 to $5.25. The beat to our high-end guidance was driven by approximately $0.40 due to a less promotional environment; $0.25 from additional supply chain improvements and higher margin; $0.25 from incremental sales from higher reorders and fewer cancellations; $0.25 driven by operating expense efficiencies in the quarter; $0.14 from a favourable tax rate and reduced share count; and $0.05 from early European wholesale and distributor shipment. The non-GAAP adjustment in the quarter of $2.4 million in operating expense was primarily due to the net impact of a one-time legal credit. For the quarter, our tax rate was 20%.
Now on to our balance sheet, which continues to remain strong at December 31st, cash and equivalents were $516 million compared to $493 million this time last year. This increase includes using $286 million to repurchase shares over the past 12 months. Inventory was $342 million, down 14% compared to last year and short-term borrowings of $600,000 was flat to last year.
During the quarter, the Company repurchased 249,000 shares of our common stock for a total of $27 million. As of December 31st, 2018, the Company had $89 million remaining under its $400 million share repurchase authorization. In light of our results and the confidence in our strategies to produce strong cash flow over time, the Board of Directors approved an increase of $261 million to the Company's stock repurchase authorization as of January 29th, 2019. Combined with the previous outstanding amount of $89 million, this brings the Company's total stock repurchase authorization up to $350 million.
Now moving on to our outlook. For the fourth quarter, we expect sales to be in the range of $360 million to $374 million and non-GAAP EPS between break-even to $0.10. The expected revenue range for the fourth quarter includes year-over-year impact, as we previously mentioned, related to the planned $10 million of wholesale orders that shifted out of Q4 and into Q3; the $6 million of early European wholesale and distributor orders that shipped in Q3 this year; and the change in online revenue recognition this year. Hence, the expected reduction for the quarter compared to last year. In addition, we have planned for some incremental strategic marketing spend in the fourth quarter and see this is an opportunity to continue to build momentum and drive brand heat that supports our growth initiatives.
For fiscal year 2019, we are updating the financial guidance that we provided on the October call. We now expect sales to be in the range of $1.986 billion to $2 billion. Our outlook at the brand level has been updated to include, UGG sales are now expected to be roughly flat to last year, HOKA is now expected to be up in mid 40% range, Teva is now expected to be up low-single digit and Sanuk is expected to be down mid single-digit.
Turning to the remainder of the P&L, gross margins are now expected to be above 50.5%, which include certain one-time benefit achieved this year. SG&A as a percent of sales are now anticipated to be below 36.5% and operating margins are now expected to be in the range of 14.5% to 14.7%. And we are raising our non-GAAP diluted earnings per share, which are now expected to be in the range of $7.85 to $7.95 on a share count of approximately 29.9 million.
Our guidance for the fourth quarter and fiscal 2019 excludes any potential non-GAAP charges, as well as the effect of any future share repurchases. Also, we had a tax adjustment in the third quarter, which reduces our expected tax rate for the year and our guidance for fiscal 2019 now assumes an expected tax rate of approximately 20%.
Additionally, we do not currently expect any impact to our business from the currently imposed tariff, but we will continue to monitor tariff decisions and work closely with our supply chain operations to identify risk mitigation strategies, should future tariffs begin to impact us. As we have previously mentioned, we have been actively shifting our production outside of China and we currently have less than a quarter of our production being done there.
The full year outlook for fiscal 2019 includes flowing through approximately $1.10 of our earnings per share improvement from the third quarter result, driven by $0.40 of an improved promotional environment; $0.25 of higher revenue due to beneficial marketplace management, aided in part by favorable weather conditions; $0.25 from additional supply chain improvements and higher margins; $0.14 from the updated tax rate, as well as reduced share count; and $0.05 of the operating expense savings achieved in the third quarter.
While we are not providing fiscal year 2020 guidance at this point in time, I think it is important to outline several items that should be considered one-time occurrences in fiscal 2019 and will not necessarily be anticipated to repeat in future period. These items, year-to-date, include the benefit from high full price selling with reduced promotions and closeouts in our peak selling season, significantly driving higher profit margin; reduced usage of air freight during the year, which may be needed in future period; an increased profits from higher sales achieved in the fall season from strong reorders and fewer cancellations, in part aided by beneficial weather condition.
Therefore, in a normalized year we anticipate that future results may include lower operating margin levels as compared to this year. In addition, future margins may also be impacted as we invest in our growth initiatives, including UGG men's, UGG women's spring and summer and the HOKA brand, and supporting them with best-in-class digital marketing capabilities, product innovation and improved speed-to-market. We remain committed to staying on the course and executing on our underlying strategic initiatives as we continue to build our brands and grow the business.
Before handing the call back to Dave, I'd like to say how pleased I am with the results our team has been able to deliver this year-to-date, while demonstrating disciplined management of our brands and operations. We still have work to do before stepping into the next phase of our long-term plans, but I am confident that we are well positioned and on-track to do so. Again, we will not be providing an updated fiscal year 2020 outlook on this call, but I look forward to providing you with an update on our year-end call in May.
With that, I'll now turn it back to Dave for his closing remarks.
David Powers -- Chief Executive Officer, President and Director
Thanks, Steve. I think it is important to acknowledge that this quarter marks a significant point in our progression against our long-term target. As we have raised our guidance for the full fiscal year 2019 to include achieving up to $2 billion in revenue, with operating margins significantly exceeding the target of 13%, as well as fulfilling the commitment to deliver $100 million of operating profit improvement. And we are now on pace to deliver a year ahead of plan.
In summary, our success for the third quarter was highlighted by a strong product offering, rich with brand DNA, and relevant to a younger consumer base through new and existing wholesale account; thoughtful and controlled distribution through our UGG core classic allocation and segmentation strategy in the US wholesale marketplace, and favorable weather conditions which remained appropriately positioned to capture increased in-season demand.
All leading to accelerate revenue growth in UGG non-core styles, as well as impressive results in our HOKA and Koolaburra brands, much less promotional activity than in prior years, driving significant gross margin profitability above expectations, and exiting the season with very low inventory in the wholesale channel, as well as reduced owned-inventory versus prior year.
In closing, I would like to congratulate the entire Deckers organization for executing an incredibly strong third quarter and for their commitment to our brands as we step into the next stage of our evolution. Thank you to all of our stakeholders for their continued support and to employees for their focus and passion for the business. I'm very excited about our results, but even more excited for what lies ahead.
With that, we are now ready for Q&A.
Questions and Answers:
Operator
Thank you. And we will now begin the question-and-answer session. (Operator Instructions) And our first questioner today will be Camilo Lyon with Canaccord. Please go ahead.
Camilo Lyon -- Canaccord -- Analyst
Hi, thanks for taking the question and congrats on a fantastic quarter. Dave, I want to get your thoughts on how the conversations have unfolded with your HOKA partners with respect to the redistribution of the assortment and how you serve that region with more the fashion-based products and how did this (inaudible) how you're now trying to reposition the plastics business and how that should influence and impact go forward period?
David Powers -- Chief Executive Officer, President and Director
Yes, great question. We've been working for quite some time to get our wholesale partners to adopt more of the line beyond just the core classics because we believe there is real strength in that assortment, especially now that we're reaching a younger consumer, and it's just a much healthier sustainable business over time. So I'm super excited about how the allocation strategy worked in core classics. We contained the amount of inventory that was in the channel, we're very thoughtful on which accounts we gave core classics to and what quantities they had. And then we supplemented that with segmented approach of non-classic styling across shoes, slippers, boots, et cetera.
And I think what you're seeing in this quarter is the results of that work playing out. Aided a little bit by some really cold weather to bring traffic and excitement to the brand, but the sell-through rates on core classics and in non-core classics inventory were exceptional. And so, the accounts are very pleased with how we've been controlling the brand in the marketplace, how we've been positioning new accounts with segmented product offerings so everybody has something different and unique. And I think that, that is a strategy that played out extremely well for us in Q3 and one that we're looking to employ in the international market starting in fall '19.
So I guess to answer your question, the feedback from the accounts has been very positive. They all had a good season. As you saw, we had high full-price sell-through. We didn't have to discount to drive sales. And even though we were in December, up against a tough comp last year and exited the quarter extremely strong.
Camilo Lyon -- Canaccord -- Analyst
That's great. So -- but (inaudible) say that, cold weather was a benefit to the business, it's a benefit to all outerwear in this holiday season. But if it weren't for this -- there are several weather pattern (inaudible) still in an advantageous (inaudible). Is that really the learnings and the takeaway from this strategic shift that you should embrace?
David Powers -- Chief Executive Officer, President and Director
Yes, I think like I said the weather early on was a catalyst that kind of spurred the excitement in UGG and the product there, but if it wasn't for the compelling product across the board that we've been working on for quite some time. And this is really the first year you're seeing the full assortment in a segmented approach hit the market with some new distribution, we wouldn't have done as well as we did. And I think if you look at a high level, like we said on the call in the script, this wasn't just an UGG story this quarter. HOKA did tremendously well, their best quarter ever, which traditionally Q3 isn't their largest quarter of the year. And I think you're starting to see the impact of HOKA and also Koolaburra, and a portfolio approach to this business have a bigger impact. And we all feel great about the fact that we are less relying on core classics and weather dependent in Q3.
Camilo Lyon -- Canaccord -- Analyst
Great. And (inaudible) my last question, so in your last conference call you alluded to getting close to committing to a mid single-digits sort of long-term revenue growth target. Could you just help us explain what that -- what the components of that would be, so like HOKA is on this tremendous growth path, you mentioned future investments or continued investment in HOKA, and then the women's spring line and then men's. Maybe if you can contextualize how would you think about those components of the business in context to the core classics business and how we should think about the different growth rates for you to achieve that in the single-digit (inaudible)?
David Powers -- Chief Executive Officer, President and Director
Yes, I mean we're not giving obviously long-term guidance at this point. But I still firmly believe that mid single-digits is achievable in the long-term over the next three to five years. We do have significant growth drivers that we've talked about. First and foremost, we're going to maintain the strength of the core classics business, we don't see that as a major growth driver, but more of a just healthy annual business that we can continue to build on. But UGG men's will continue to be a growth driver, new categories outside of core classics in women's and also in spring and summer.
HOKA will be significant. As we said before, we see that brand getting to $300 million to 500 million in the next three to five years. And I think when you add up all those components, you get to a mid single-digit growth level that we think is sustainable over the next three to five years.
Camilo Lyon -- Canaccord -- Analyst
(inaudible) great job on the quarter again. Good luck for the rest of the year.
David Powers -- Chief Executive Officer, President and Director
Thanks, Camilo.
Operator
And our next questioner today will be Jonathan Komp with Baird. Please go ahead.
Jonathan Komp -- Baird -- Analyst
Yes, hi, thank you. I wanted to start just following up on UGG and some of the upside. And David, if you could maybe talk a little bit more or give more detail on the shape of the quarter, you alluded to it a little bit, but just some more color on how things played out. And then also coming into this year, and the start we've had, how things have trended and what that means for current inventory availability and kind of early order trend if you would?
David Powers -- Chief Executive Officer, President and Director
Yes, I think I covered a lot of it. I think one thing is important to note is, again, we started off strong in October and November. If you remember last year, we had extremely strong December and we planned that business to conservatively go into this quarter this year. Fortunately, we started out the gates very strong with some of the new products that was hitting the marketplace as well as some cold weather early in October, which proved to be more of a catalyst to getting the business jump-started. But again, I think it was the strength of the men's offering across the board, driven by the Neumel and Tasman styles and some of the fashion boots.
The Adirondack style in women's was a top seller for us. Again, even though we raised the price that we still saw double-digit growth in that style alone versus last year. Shoes and sneakers in women's led by the Neutra sneakers and slippers led by the Fluff Yeah franchise, those are normally not big drivers in the business, but we saw those really kicking in, in October, November through existing and new wholesale distribution as well as online that created excitement for the brand.
And I think it had a halo effect on the classics. But I think what the difference is it wasn't a classics-led business this year. I think it was across the board strength and we maintained control of the marketplace through pricing. So there was very little of any discounting going on. We entered the season very healthy and clean from an inventory perspective. We maintained that through strong full price sell-throughs and tightly managed reorders going into December.
And even though December was a little bit challenging, we had enough momentum in the business to finish the quarter strong and made some decisions that actually we decided not to promote or drive closeout sales even though we could have, in some cases, and we felt it's better to maintain a healthy positioning in the marketplace. Strong full price selling for our consumers and our accounts and then exit the quarter with healthy inventory levels going into the first -- going into Q4 and next year selling.
So it played out nicely, and again we've been working on this for a couple of years. As you know, the segmentation and allocation and product assortment, coupled with a new brand positioning, and we're still feeling good about that positioning going forward. As far as Q4 goes, the weather has been up and down, playing a little bit of -- have an impact in the business. In some cases, we still have some challenges internationally, some of the shifts of deliveries and accounting principles that went into Q3 make this quarter look a little bit lower than we anticipated originally, but still strong sell-through, still good handle on the inventory in the marketplace. We're not doing a lot of closeouts and then being bolstered by the strength of HOKA.
Steven J. Fasching -- Chief Financial Officer
Yes, Jon, this is Steve, just to kind of add on to what Dave is saying, I think in terms of how we looked at the quarter for -- the way it played out, it pretty much played out the way we thought. And then with less promotion, we saw some lift in revenue and then we saw some timing impacts. So the timing impacts that we picked up in Q3 is really what's impacting Q4. Q4 hasn't changed from the way we looked at it other than we shipped some product earlier in Q3.
So exactly kind of to what Dave said with an allocation strategy in place, we sold to that, we sold above that, in additional categories that gave us really the upside kind of in Q3 and Q4. While to take back from last year, when you take into account the timing that went into Q3, it's still pretty much what we planned and then flowing through that full (inaudible) or at least about $1.5 of (inaudible) from Q3 for the full year is just been a kind of a reflection of how well our setup was for Q3 and the execution on our Q3.
Jonathan Komp -- Baird -- Analyst
Understood. And maybe just a follow-up on the callouts around the Asia-Pacific business. I don't know if you can contextualize what you saw, a little bit better there. And any more commentary on what actions you might take there trying to address whatever it is you're seeing?
David Powers -- Chief Executive Officer, President and Director
Yes, I think our goal is to always control what we can control, and I think -- I always look at kind of our international markets in the last couple of years as probably a year behind our strategy that we're executing first in North America. So the marketplace and management tactics that we just saw play out in Q3 in North America, we'll be rolling those out to the international markets starting in fall '19. So with regards to Asia-Pacific and the China business, there's some macro challenges in that marketplace with consumer sentiment. We had some weather challenges in the marketplace, particularly in Southern China and those are the major factors outside of the brand itself.
Jonathan Komp -- Baird -- Analyst
Understood. Thank you.
Steven J. Fasching -- Chief Financial Officer
Thank you.
Operator
And today's next questioner will be Sam Poser with Susquehanna Financial Group. Please go ahead.
Sam Poser -- Susquehanna Financial Group -- Analyst
Thank you for taking my questions. The -- I just want to go back into the -- like how would you weight it, would you weight the success you had with UGG in the quarter as more weather-related or more of the segmentation brand control weighted?
David Powers -- Chief Executive Officer, President and Director
Yes, it's a great question and there's no exact number or breakdown to that, but from our -- from where we stand, it's more weighted toward the marketplace management of the brand and the focus on brand positioning and product. So certainly, as you know, Sam, managing the inventory in the channel, the allocation of classics is a big component of that in creating demand, in the consumer and for the accounts and then bolstering that with an exciting product offering that is segmented by consumer channel and account. I believe it's the majority of the upside is from that and we're looking at as aided by weather but not driven by weather.
Steven J. Fasching -- Chief Financial Officer
Yes. And I think the other thing, Sam, too, talking just about the strategy how well HOKA did. I think that further shows kind of how the strategy and the marketplace approach not only with UGG, but HOKA is working too.
David Powers -- Chief Executive Officer, President and Director
Correct; yeah.
Sam Poser -- Susquehanna Financial Group -- Analyst
I have two more. Can you give us some idea of the year-over-year DTC versus -- in the total wholesale EBIT, you know what -- and I assume that they both were good, but probably it was a big beat on the wholesale line, I would guess.
Steven J. Fasching -- Chief Financial Officer
Yes, it's a bigger beat on wholesale, right. So we saw stronger wholesale outperformance than we did in DTC. You're right, both did perform well, but also DTC was impacted by I think it's 11 stores closed this year versus last. So on a year-on-year, we had headwinds with store closures related to retail. But again, strong performance in DTC, kind of stronger performance in wholesale. So the perform -- the proportion of our wholesale beat is bigger than the DTC.
David Powers -- Chief Executive Officer, President and Director
And the other piece to remember on that is in December last year DTC had an exceptional last couple of weeks in the quarter driven by the cold weather that came late and we were unable to capitalize on that in wholesale. But we were able to capitalize it on -- in DTC and we didn't have that same dynamic this year and we made the decision to not be as promotional in DTC this quarter.
Sam Poser -- Susquehanna Financial Group -- Analyst
And then lastly, inventory levels. Did you -- can you give us the year-over-year percent increase or dollars, however you want to do it, for UGG and for HOKA just so we can understand sort of where this inventory is?
Steven J. Fasching -- Chief Financial Officer
Yes, we don't normally break that out, but I think kind of to directionally tell you, so total company was down 14%, so ended the quarter at $342 million that compared to $396 million a year ago. The UGG inventory was down more than the company average. So, UGG inventory down more than the 14% and HOKA, you know, as we gear up for spring, summer and we have some new category introductions coming, we brought inventory in earlier, that was actually up year-on-year.
Sam Poser -- Susquehanna Financial Group -- Analyst
Okay, thank you so much and continue success.
David Powers -- Chief Executive Officer, President and Director
Okay. Thanks, Sam.
Operator
And our next questioner today will Dana Telsey with Telsey Advisory Group. Please go ahead.
Dana Telsey -- Telsey Advisory Group -- Analyst
Good afternoon and congratulations on the very impressive results. As you think about the less promotional environment, how does the pricing change. Did pricing change on any of the categories and what are you planning for pricing going forward? And did you get gross margin improvement from all brands?
David Powers -- Chief Executive Officer, President and Director
So I'll handle the first one and Steve can handle the second one. We actually have been working on pricing for quite some time, and particularly in North America to make sure that we're competitive against the competitive market there -- the competition out there and also by account with some of the new segmentation. So we feel that we actually had pricing set correctly. There were a couple of styles that we made decisions to change to be a little bit more competitive, bringing those down but we maintained healthy margins across the board regardless of category.
We don't see any significant price changes going into next year. We're trying to do going into next year in FY '20 is to add more value into some of the product that the prices we have, more functional capabilities such as waterproof capabilities in some of the fashion boots in women's. So pricing overall, we felt we were set correctly, we were competitive, lot of value in the pricing for the consumer and I think that played through in the full price sell-through.
Steven J. Fasching -- Chief Financial Officer
Yes. And then just kind of on the amounts, Dana, what we said in the prepared remarks was, we think the less promotional activity contributed about $15 million. We think in the quarter, that's a little below kind of 200 basis points of improvement on the gross margin. As we kind of then extrapolate that out, that's not something we would necessarily plan for next year. So when I talked about my one-time adjustments, we think for the year it's probably worth 100 basis points to 150 basis points that we picked up, which is really a combination of better full price sell-through, as well as some of the air freight benefits that we received last quarter, because we're looking now forward, again, we haven't given guidance, but we think we benefited in the current year probably around 100 basis points to 150 basis points that we wouldn't necessarily figure into next year. It doesn't mean it couldn't repeat, but we wouldn't figure it into next year.
David Powers -- Chief Executive Officer, President and Director
Yes.
Dana Telsey -- Telsey Advisory Group -- Analyst
Then just one last follow-up. How's the new distribution performed, whether it's ASOS, Urban Outfitters and how do you see your goals for that going forward?
David Powers -- Chief Executive Officer, President and Director
All well, across the board, generally speaking, those have all performed well for us. We have some assortment opportunities in places like Foot Locker, where the core Neumel has sold well to that consumer. But we see opportunities for evolving that, specifically for their consumer. But generally speaking, inventory levels and sell-through have been healthy and the accounts are pleased.
Dana Telsey -- Telsey Advisory Group -- Analyst
Thank you.
David Powers -- Chief Executive Officer, President and Director
Thank you.
Operator
And our next questioner today will be Jim Duffy with Stifel. Please go ahead.
Jim Duffy -- Stifel, Nicolaus & Co., Inc. -- Analyst
Thanks. Good afternoon guys. Terrific quarter.
David Powers -- Chief Executive Officer, President and Director
HI, Jim.
Jim Duffy -- Stifel, Nicolaus & Co., Inc. -- Analyst
Steve, a question for you. The objective EBIT margin, you were talking about 13%, you're now looking at high 14% through fiscal 2019. If I heard you correctly in response to Dana's question, you're thinking there's maybe 100 bps, 150 bps of give back in the gross margin. Are there organic areas of improvement in the gross margin that are going to be an offset to that?
Steven J. Fasching -- Chief Financial Officer
Yes. So again we are -- as we indicated, we're not completely through all of the cost savings in our original plan that we articulated kind of two years ago. So we do think there is some smaller incremental improvement that's still to come next year. So while there will be -- kind of, we wouldn't factor in these one-time benefits that we saw this year, there will be a bit of a setback, but there will be smaller, not like what you've seen kind of in the last two years in terms of gross margin improvements, but there is still some opportunity for a little bit more improvement.
Jim Duffy -- Stifel, Nicolaus & Co., Inc. -- Analyst
Good. And then you've been tightening the belt for some time now, it sounds like some planned areas of reinvestment and you spoke to some of those. Is there additional savings, wraparound savings into fiscal '20 that can be an offset to some of that reinvestment?
Steven J. Fasching -- Chief Financial Officer
Again, the way we're looking at it, and we haven't given guidance. But we think, as Dave mentioned, there's more top line growth. We think through disciplined management of SG&A that we can achieve leverage. It doesn't necessarily mean it's going down, but there can be some offsetting savings as we look out to next year.
Jim Duffy -- Stifel, Nicolaus & Co., Inc. -- Analyst
Okay, great. And then last one from me, just updated thoughts on objective retail footprint given what you saw coming our of the key selling season?
David Powers -- Chief Executive Officer, President and Director
Yes. We're continuing to make progress on operationalizing our fleet and improving store performance, both on -- more so on improving the operating contribution of that fleet, and the teams have made great progress there. We've been doing a lot of renegotiating of leases, when leases come up, and that has allowed us to keep some stores open, when we may have had them on the closure list. So it's one of the things we're continuing to evaluate. Part of that optimization is continuing to optimize labor, elevating the presentation and storytelling and slowly getting new categories to activate such as men's and lifestyle, improving merchandising and renegotiating leases. So we're moving away from setting a target of stores out there, but I think the goal is to make sure that the overall fleet is in hitting our internal operating margin metrics that we've established and the teams are making good progress on that and it's something we're going to continue to evaluate as part of our overall strategy.
Jim Duffy -- Stifel, Nicolaus & Co., Inc. -- Analyst
Very good. Thank you, guys.
David Powers -- Chief Executive Officer, President and Director
Thanks, Jim.
Steven J. Fasching -- Chief Financial Officer
Thanks, Jim.
Operator
And our next questioner today will be Chris Svezia with Wedbush. Please go ahead.
Chris Svezia -- Wedbush Securities, Inc. -- Analyst
Good afternoon, gentlemen, and congratulations as well on a really great quarter.
David Powers -- Chief Executive Officer, President and Director
Thanks, Chris.
Chris Svezia -- Wedbush Securities, Inc. -- Analyst
I just want to -- just on the UGG brand, if I have that correct. So it looks flat for this year, right now is the outlook. But I recall because of the segmentation and some of the strategic alignment and some retail store closings, there was $50 million in sales that kind of came out of that brand, but if we kind of back into it, they will be up low-single without some of those changes. Is that sort of how we should think about the UGG brand as we sort of move forward as the ability to generate low single-digit growth or any color about any changes, the segmentation strategies as we go into next fiscal year that we should be mindful about?
David Powers -- Chief Executive Officer, President and Director
Well, I think, I'll speak to the changes in strategy. I would say, no. I think we're going to continue to build on those strategies. I think the allocation and the hold back of classics in the channel has proved to be healthy and created demand across the brand in the marketplace. I think the segmentation, this is really the first full year where we've seen true product created, specifically for accounts than a younger consumer, that's played out really well. So we're going to continue to build on that. And I think some of those new categories will start to be meaningful and help us get to that low single-digit growth over time while still maintaining a tight control of the core classics business.
Steven J. Fasching -- Chief Financial Officer
Yes, I think, Chris, just to add on that, we've talked about, it really is kind of execution on everything we've been talking about, kind of especially the last year and kind of two years bigger. What we intended and I think what we successfully executed was really a strong allocation and segmentation strategy this year and the idea was -- it was going to put some pressure on growth for UGG. We knew that; that's kind of the way we laid it out. The quarter played out a little bit better. But with that strategy in place, what it did do was built sales in other categories, as Dave mentioned. And so now going forward, we are building off that base. So you're going to start to see that growth kind of coming next year.
David Powers -- Chief Executive Officer, President and Director
And I also think that the success of UGG men's in the quarter is a great indicator of some of the opportunity going forward as well. That has reached contribution of 15% of the total brand sales now, up from 13% last year. We still think there is significant opportunity in men's with new consumer and in global distribution, and that's where we're going to continue to focus on to bolster the total line of the UGG brand as well.
Chris Svezia -- Wedbush Securities, Inc. -- Analyst
Okay, that's helpful. Thanks. And then just, Steve, if I want to your comments about some of these one-time benefit this year, breaking from sort of the full price sales, reduced use of air freight, et cetera. And just a comment about potentially lower operating margin. Is it fair to say that you would potentially consider reinvesting some of that operating margin benefit that you've seen, which has outperformed back into the business, whether it's marketing, things of that nature or how should we interpret that comment, if you can give any color?
David Powers -- Chief Executive Officer, President and Director
Yes. Absolutely.
Steven J. Fasching -- Chief Financial Officer
That's exactly the way we're looking at that. And I think again, this quarter somewhat demonstrates the opportunity that we have, not only with UGG and kind of the success that we saw in those areas, but again with HOKA in Koolaburra. And so we do intend to use some of those dollars of over performance to reinvest in the business to drive some of these growth drivers that we have.
David Powers -- Chief Executive Officer, President and Director
Yes, I think it's our responsibility to do that going forward for the long-term health of the brand and the business with sustainable healthy growth. We've proven that we have growth drivers and opportunities in HOKA and UGG men's and non-core category product in women's, spring and summer, it continues to be an opportunity for us. We had a great meeting earlier this week about segmenting our marketing spend going forward, differently by quarter and allocating against different categories globally, and I think with additional marketing efforts targeted against the right consumer, there we can just continue to drive growth in the UGG brand.
And in addition to that, I think we have some investments to make in IT and digital marketing. And so we're going to balance the spend in the operating margin improvements over the next three to five years to be focused on healthy, sustainable growth by returning good value back to shareholders and we think we're in a great position to start doing that.
Chris Svezia -- Wedbush Securities, Inc. -- Analyst
Okay, sounds good. I appreciate it, and all the best.
David Powers -- Chief Executive Officer, President and Director
Okay. Thanks, Chris.
Steven J. Fasching -- Chief Financial Officer
Thank you.
Operator
And the next questioner today will be Mitch Kummetz with Pivotal Research. Please go ahead.
Laurent Vasilescu -- Macquarie Capital (USA) Inc. -- Analyst
I apologize, it's Laurent Vasilescu with Macquarie. Please go ahead.
Good afternoon and thanks for taking my questions. Thank you for all the color on the revenue shift between 4Q and 3Q. I'm just curious, any thoughts on how should we think about the international versus US revenue change for the fourth quarter. Should we assume the international is down mid-teens while the US is flattish?
Steven J. Fasching -- Chief Financial Officer
Yes, I think the -- what you're -- when you say down, you saying compared to last year, right?
Laurent Vasilescu -- Macquarie Capital (USA) Inc. -- Analyst
Correct. Yes.
Steven J. Fasching -- Chief Financial Officer
Yes. So I think that's a fair way to kind of look at it.
Laurent Vasilescu -- Macquarie Capital (USA) Inc. -- Analyst
Okay, very helpful. And then on gross margins for the fourth quarter, it's implied to be slightly down if we take the annual guidance. Can you -- is that the right way to think about in terms of maybe down 50 bps and can you maybe talk about the headwinds and tailwinds for the tied fourth quarter?
Steven J. Fasching -- Chief Financial Officer
Yes, it's kind of more flattish to last year. And I think the way to look at that was -- as we looked at the quarter, we saw a very strong January last year. This year January started out not as strong as a year ago. So, as you recall, there was a little bit of a different weather pattern last year versus this year. Last year, cold late December carried through January. This year, we had a good colder October, November, but warm December, that carried through the beginning of January, and there's a lot of selling in January. So we've included that really in our guidance of how we're looking at fourth quarter. So it's not down as much as you said, more flattish to down a little bit, really taking that into consideration.
Laurent Vasilescu -- Macquarie Capital (USA) Inc. -- Analyst
Okay. That's very helpful. And then I wanted to follow-up on air freight initiatives. I think last -- obviously, last quarter, there was a benefit. Was there a benefit this quarter and then asking a different way, how much do you -- air freight as a percentage of your overall business and where do you think that goes over the next year?
Steven J. Fasching -- Chief Financial Officer
Yes, we haven't necessarily kind of given that. What we said last quarter, as you recall, we said there was about $6 million of air freight that we had planned, that we didn't use. And so we think going forward that won't necessarily always be the case, it's going to kind of depend on how we're bringing product to market, where the orders are, how quickly we need to bring product in. Clearly, we have gotten better. And we think there will be improvements from where we were a year ago. We think this year was an extremely clean year and we will be a little bit conservative because you know there's going to be certain styles, especially as we move beyond kind of the core classics that there is going to be a need to bring product in quickly to the market. So we'll be anticipating some of that.
David Powers -- Chief Executive Officer, President and Director
Yes, I think that's the right way to think about it. In the past, we've had to use air freight to compensate for poor planning or inventory management. I think we've addressed all that and going forward we're going to use it more strategically to chase business with fast-tracking product and getting after opportunities that arise in the quarter.
Laurent Vasilescu -- Macquarie Capital (USA) Inc. -- Analyst
Okay, very helpful. Thank you very much and best of luck.
David Powers -- Chief Executive Officer, President and Director
Thank you.
Operator
And this will conclude our question-and-answer session, as well as today's conference call. Thank you all for attending today's presentation and you may now disconnect your lines.
Duration: 57 minutes
Call participants:
Erinn Kohler -- Senior Director, Investor Relations and Corporate Planning
David Powers -- Chief Executive Officer, President and Director
Steven J. Fasching -- Chief Financial Officer
Camilo Lyon -- Canaccord -- Analyst
Jonathan Komp -- Baird -- Analyst
Sam Poser -- Susquehanna Financial Group -- Analyst
Dana Telsey -- Telsey Advisory Group -- Analyst
Jim Duffy -- Stifel, Nicolaus & Co., Inc. -- Analyst
Chris Svezia -- Wedbush Securities, Inc. -- Analyst
Laurent Vasilescu -- Macquarie Capital (USA) Inc. -- Analyst
More DECK analysis
Transcript powered by AlphaStreet
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditionsfor additional details, including our Obligatory Capitalized Disclaimers of Liability.
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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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Deckers Outdoor Corp (NYSE: DECK) Q3 2019 Earnings Conference Call Jan. 31, 2019 , 4:30 p.m. Welcome to the Deckers Brands Third Quarter Fiscal 2019 Earnings Conference Call. These two brands significantly contributed to the growth of our business and further emphasized the progress the entire Deckers organization continues to make toward organically growing our brand portfolio.
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Duration: 57 minutes Call participants: Erinn Kohler -- Senior Director, Investor Relations and Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Camilo Lyon -- Canaccord -- Analyst Jonathan Komp -- Baird -- Analyst Sam Poser -- Susquehanna Financial Group -- Analyst Dana Telsey -- Telsey Advisory Group -- Analyst Jim Duffy -- Stifel, Nicolaus & Co., Inc. -- Analyst Chris Svezia -- Wedbush Securities, Inc. -- Analyst Laurent Vasilescu -- Macquarie Capital (USA) Inc. -- Analyst More DECK analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corp (NYSE: DECK) Q3 2019 Earnings Conference Call Jan. 31, 2019 , 4:30 p.m. Welcome to the Deckers Brands Third Quarter Fiscal 2019 Earnings Conference Call.
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Duration: 57 minutes Call participants: Erinn Kohler -- Senior Director, Investor Relations and Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Camilo Lyon -- Canaccord -- Analyst Jonathan Komp -- Baird -- Analyst Sam Poser -- Susquehanna Financial Group -- Analyst Dana Telsey -- Telsey Advisory Group -- Analyst Jim Duffy -- Stifel, Nicolaus & Co., Inc. -- Analyst Chris Svezia -- Wedbush Securities, Inc. -- Analyst Laurent Vasilescu -- Macquarie Capital (USA) Inc. -- Analyst More DECK analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corp (NYSE: DECK) Q3 2019 Earnings Conference Call Jan. 31, 2019 , 4:30 p.m. Welcome to the Deckers Brands Third Quarter Fiscal 2019 Earnings Conference Call.
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Duration: 57 minutes Call participants: Erinn Kohler -- Senior Director, Investor Relations and Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Camilo Lyon -- Canaccord -- Analyst Jonathan Komp -- Baird -- Analyst Sam Poser -- Susquehanna Financial Group -- Analyst Dana Telsey -- Telsey Advisory Group -- Analyst Jim Duffy -- Stifel, Nicolaus & Co., Inc. -- Analyst Chris Svezia -- Wedbush Securities, Inc. -- Analyst Laurent Vasilescu -- Macquarie Capital (USA) Inc. -- Analyst More DECK analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corp (NYSE: DECK) Q3 2019 Earnings Conference Call Jan. 31, 2019 , 4:30 p.m. Welcome to the Deckers Brands Third Quarter Fiscal 2019 Earnings Conference Call.
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2019-01-31 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-2019-01-31
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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 $126.00, changing hands for $127.13/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 10 different analyst targets 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 $112.00. And then on the other side of the spectrum one analyst has a target as high as $142.00. The standard deviation is $11.095.
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 $126.00/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $126.00 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.:
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 »
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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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $126.00, changing hands for $127.13/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. And so with DECK crossing above that average target price of $126.00/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $126.00 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?
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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 $126.00, changing hands for $127.13/share. There are 10 different analyst targets 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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There are 10 different analyst targets 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 $126.00/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $126.00 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 $126.00, changing hands for $127.13/share.
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There are 10 different analyst targets contributing to that average for Deckers Outdoor Corp., but the average is just that - a mathematical average. In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $126.00, changing hands for $127.13/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.
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724231.0
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2019-01-31 00:00:00 UTC
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Deckers (DECK) Beats Q3 Earnings and Revenue Estimates
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https://www.nasdaq.com/articles/deckers-deck-beats-q3-earnings-and-revenue-estimates-2019-01-31
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Deckers (DECK) came out with quarterly earnings of $6.59 per share, beating the Zacks Consensus Estimate of $5.31 per share. This compares to earnings of $4.97 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 24.11%. A quarter ago, it was expected that this maker of Ugg footwear would pos t earnings of $1.72 per share when it actually produced earnings of $2.38, delivering a surprise of 38.37%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $873.80 million for the quarter ended December 2018, surpassing the Zacks Consensus Estimate by 5.67%. This compares to year-ago revenues of $810.48 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call .
Deckers shares have lost about 0.6% since the beginning of the year versus the S&P 500's gain of 7%.
What's Next for Deckers?
While Deckers has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power o f earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Deckers was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.24 on $388.83 million in revenues for the coming quarter and $6.91 on $1.97 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Shoes and Retail Apparel is currently in the bottom 38% of the 250 plus Zacks industries. 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.
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.
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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Deckers (DECK) came out with quarterly earnings of $6.59 per share, beating the Zacks Consensus Estimate of $5.31 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $873.80 million for the quarter ended December 2018, surpassing the Zacks Consensus Estimate by 5.67%. Deckers shares have lost about 0.6% since the beginning of the year versus the S&P 500's gain of 7%.
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Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $873.80 million for the quarter ended December 2018, surpassing the Zacks Consensus Estimate by 5.67%. Deckers (DECK) came out with quarterly earnings of $6.59 per share, beating the Zacks Consensus Estimate of $5.31 per share. Deckers shares have lost about 0.6% since the beginning of the year versus the S&P 500's gain of 7%.
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Deckers (DECK) came out with quarterly earnings of $6.59 per share, beating the Zacks Consensus Estimate of $5.31 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $873.80 million for the quarter ended December 2018, surpassing the Zacks Consensus Estimate by 5.67%. Deckers shares have lost about 0.6% since the beginning of the year versus the S&P 500's gain of 7%.
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Deckers (DECK) came out with quarterly earnings of $6.59 per share, beating the Zacks Consensus Estimate of $5.31 per share. Deckers, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $873.80 million for the quarter ended December 2018, surpassing the Zacks Consensus Estimate by 5.67%. Deckers shares have lost about 0.6% since the beginning of the year versus the S&P 500's gain of 7%.
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724232.0
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2019-01-31 00:00:00 UTC
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Deckers Brands Raises FY19 Outlook - Quick Facts
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https://www.nasdaq.com/articles/deckers-brands-raises-fy19-outlook-quick-facts-2019-01-31
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(RTTNews.com) - Deckers Brands ( DECK ) announced, for fiscal 2019, non-GAAP earnings per share are now expected to be in the range of $7.85 to $7.95; and net sales are now expected to be in the range of $1.986 billion to $2.0 billion.
For the fourth-quarter, non-GAAP earnings per share are expected to be in the range of break-even to $0.10; and net sales are expected to be in the range of $360.0 million to $374.0 million.
For the third-quarter, non-GAAP earnings per share was $6.59 compared to $4.97 last year. Net sales increased 7.8% to $873.8 million compared to $810.5 million for the same period last year. On a constant currency basis, net sales increased 7.7%.
As of January 29, 2019, the Board of Directors approved an increase of $261 million to the company's stock repurchase authorization. Combined with the previous outstanding amount of $89 million, this brings the company's total stock repurchase authorization up to $350 million.
Read the original article on RTTNews (http://www.rttnews.com/2974952/deckers-brands-raises-fy19-outlook-quick-facts.aspx)
For comments and feedback: contact editorial@rttnews.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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(RTTNews.com) - Deckers Brands ( DECK ) announced, for fiscal 2019, non-GAAP earnings per share are now expected to be in the range of $7.85 to $7.95; and net sales are now expected to be in the range of $1.986 billion to $2.0 billion. Read the original article on RTTNews (http://www.rttnews.com/2974952/deckers-brands-raises-fy19-outlook-quick-facts.aspx) For comments and feedback: contact editorial@rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. As of January 29, 2019, the Board of Directors approved an increase of $261 million to the company's stock repurchase authorization.
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(RTTNews.com) - Deckers Brands ( DECK ) announced, for fiscal 2019, non-GAAP earnings per share are now expected to be in the range of $7.85 to $7.95; and net sales are now expected to be in the range of $1.986 billion to $2.0 billion. Read the original article on RTTNews (http://www.rttnews.com/2974952/deckers-brands-raises-fy19-outlook-quick-facts.aspx) For comments and feedback: contact editorial@rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Net sales increased 7.8% to $873.8 million compared to $810.5 million for the same period last year.
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(RTTNews.com) - Deckers Brands ( DECK ) announced, for fiscal 2019, non-GAAP earnings per share are now expected to be in the range of $7.85 to $7.95; and net sales are now expected to be in the range of $1.986 billion to $2.0 billion. Read the original article on RTTNews (http://www.rttnews.com/2974952/deckers-brands-raises-fy19-outlook-quick-facts.aspx) For comments and feedback: contact editorial@rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. For the fourth-quarter, non-GAAP earnings per share are expected to be in the range of break-even to $0.10; and net sales are expected to be in the range of $360.0 million to $374.0 million.
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(RTTNews.com) - Deckers Brands ( DECK ) announced, for fiscal 2019, non-GAAP earnings per share are now expected to be in the range of $7.85 to $7.95; and net sales are now expected to be in the range of $1.986 billion to $2.0 billion. Read the original article on RTTNews (http://www.rttnews.com/2974952/deckers-brands-raises-fy19-outlook-quick-facts.aspx) For comments and feedback: contact editorial@rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. For the fourth-quarter, non-GAAP earnings per share are expected to be in the range of break-even to $0.10; and net sales are expected to be in the range of $360.0 million to $374.0 million.
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2019-01-31 00:00:00 UTC
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Deckers Outdoor Corp Q3 adjusted earnings Beat Estimates
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https://www.nasdaq.com/articles/deckers-outdoor-corp-q3-adjusted-earnings-beat-estimates-2019-01-31
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(RTTNews.com) - Deckers Outdoor Corp ( DECK ) revealed a profit for its third quarter that climbed from last year.
The company's profit came in at $196.37 million, or $6.68 per share. This compares with $86.34 million, or $2.69 per share, in last year's third quarter.
Excluding items, Deckers Outdoor Corp reported adjusted earnings of $193.79 million or $6.59 per share for the period.
Analysts had expected the company to earn $5.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.8% to $873.80 million from $810.48 million last year.
Deckers Outdoor Corp earnings at a glance:
-Earnings (Q3): $193.79 Mln. vs. $159.20 Mln. last year. -EPS (Q3): $6.59 vs. $4.97 last year. -Analysts Estimate: $5.28 -Revenue (Q3): $873.80 Mln vs. $810.48 Mln last year.
-Guidance:
Next quarter revenue guidance: $360.0 - $374.0 Mln Full year EPS guidance: $7.85 to $7.95 Full year revenue guidance: $1.986 - $2.0 Bln
For comments and feedback: contact editorial@rttnews.com
http://www.rttnews.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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(RTTNews.com) - Deckers Outdoor Corp ( DECK ) revealed a profit for its third quarter that climbed from last year. Excluding items, Deckers Outdoor Corp reported adjusted earnings of $193.79 million or $6.59 per share for the period. Deckers Outdoor Corp earnings at a glance: -Earnings (Q3): $193.79 Mln.
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Excluding items, Deckers Outdoor Corp reported adjusted earnings of $193.79 million or $6.59 per share for the period. (RTTNews.com) - Deckers Outdoor Corp ( DECK ) revealed a profit for its third quarter that climbed from last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q3): $193.79 Mln.
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(RTTNews.com) - Deckers Outdoor Corp ( DECK ) revealed a profit for its third quarter that climbed from last year. Excluding items, Deckers Outdoor Corp reported adjusted earnings of $193.79 million or $6.59 per share for the period. Deckers Outdoor Corp earnings at a glance: -Earnings (Q3): $193.79 Mln.
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Excluding items, Deckers Outdoor Corp reported adjusted earnings of $193.79 million or $6.59 per share for the period. (RTTNews.com) - Deckers Outdoor Corp ( DECK ) revealed a profit for its third quarter that climbed from last year. Deckers Outdoor Corp earnings at a glance: -Earnings (Q3): $193.79 Mln.
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2019-01-30 00:00:00 UTC
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Will Soft Revenues Mar Prestige Consumer's (PBH) Q3 Earnings?
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https://www.nasdaq.com/articles/will-soft-revenues-mar-prestige-consumers-pbh-q3-earnings-2019-01-30
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Prestige Consumer Healthcare Inc.PBH is scheduled to report third-quarter fiscal 2019 results on Feb 7, before market open. In the las t report ed quarter, the company delivered a positive earnings surprise of 3.2%. Let's see what awaits this quarterly release.
How are Estimates Faring?
The Zacks Consensus Estimate for third-quarter earnings is pegged at 71 cents, reflecting a 1.4% increase from 70 cents per share registered in the year-ago quarter. Notably, the consensus mark has moved south by 8 cents over the past 30 days. For revenues, the same stands at $244 million, down approximately 10% from the year-ago quarter's figure.
Prestige Consumer Healthcare Inc. Price, Consensus and EPS Surprise
Prestige Consumer Healthcare Inc. Price, Consensus and EPS Surprise | Prestige Consumer Healthcare Inc. Quote
Factors to Consider
Prestige Consumer has been gaining from strategic mergers and acquisitions. The company's notable buyouts include BC and Goody's, Fleet, DenTek Holdings and Hydralyte. Moreover, the company is on track with its strategy of improving brands and marketing capabilities of its acquired businesses.
Also, strong consumption trend in some of its core brands, especially in the healthcare category, is likely to prove beneficial for Prestige Consumer. Markedly, Prestige Consumer witnessed company-wide consumption growth of approximately 3% in fiscal 2018. In fact, management had earlier stated that it expects 2-3% growth in consumption rates in fiscal 2019.
However, we note that Prestige Consumer's revenues have been sluggish for a while now. In the first and the second quarters of fiscal 2019, the top line declined on changes in accounting policies and packaging expenses of Goody's and BC brands. Further, the company recently reported soft preliminary revenue numbers for third quarter.
Per the preliminary results, revenues of nearly $241.4 million is expected for the third quarter, reflecting a decline of 10.8% from the year-ago quarter's tally. Management highlighted that inventory reductions across certain key retailers weighed on the company's top-line performance for the said period. Notably, persistent weakness in revenues is likely to hurt Prestige Consumer's profitability and impair business growth momentum.
These apart, the company is exposed to threats emerging from adverse foreign currency fluctuations and stiff competition.
Additionally, we note that the Zacks Consensus Estimate for International OTC Healthcare and North American OTC Healthcare segments for third-quarter revenues is pegged at $21.3 million and $220 million, respectively. This reflects a respective decline of 17.2% and 2.7% from the year-ago quarter's figure on a sequential basis.
What Does the Zacks Model Say?
Our proven model does not conclusively show that Prestige Consumer is likely to beat estimates third-quarter fiscal 2019. A stock needs to have both - a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP - for this to happen. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Prestige Consumer has an Earnings ESP of 0.00% and a Zacks Rank #3, which make surprise prediction difficult. You can see the complete list of today's Zacks #1 Rank stocks here .
Other Stocks With Favorable Combination
Here are some other companies you may want to consider as our model shows that these have the right combination of elements to pos t earnings beat.
Deckers Outdoor Corporation DECK has an Earnings ESP of +3.63% and a Zacks Rank #1.
World Wrestling Entertainment, Inc. WWE has an Earnings ESP of +26.31% and a Zacks Rank #1.
lululemon athletica inc. LULU has an Earnings ESP of +0.82% and a Zacks Rank #2.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 - 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
See Stocks Today >>
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
World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report
Prestige Consumer Healthcare Inc. (PBH): Free Stock Analysis Report
lululemon athletica inc. (LULU): Get Free Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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Deckers Outdoor Corporation DECK has an Earnings ESP of +3.63% and a Zacks Rank #1. Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Prestige Consumer Healthcare Inc. (PBH): Free Stock Analysis Report lululemon athletica inc. (LULU): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. In the first and the second quarters of fiscal 2019, the top line declined on changes in accounting policies and packaging expenses of Goody's and BC brands.
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Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Prestige Consumer Healthcare Inc. (PBH): Free Stock Analysis Report lululemon athletica inc. (LULU): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has an Earnings ESP of +3.63% and a Zacks Rank #1. Prestige Consumer Healthcare Inc. Price, Consensus and EPS Surprise Prestige Consumer Healthcare Inc. Price, Consensus and EPS Surprise | Prestige Consumer Healthcare Inc. Quote Factors to Consider Prestige Consumer has been gaining from strategic mergers and acquisitions.
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Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Prestige Consumer Healthcare Inc. (PBH): Free Stock Analysis Report lululemon athletica inc. (LULU): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has an Earnings ESP of +3.63% and a Zacks Rank #1. Prestige Consumer Healthcare Inc. Price, Consensus and EPS Surprise Prestige Consumer Healthcare Inc. Price, Consensus and EPS Surprise | Prestige Consumer Healthcare Inc. Quote Factors to Consider Prestige Consumer has been gaining from strategic mergers and acquisitions.
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Deckers Outdoor Corporation DECK has an Earnings ESP of +3.63% and a Zacks Rank #1. Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Prestige Consumer Healthcare Inc. (PBH): Free Stock Analysis Report lululemon athletica inc. (LULU): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Markedly, Prestige Consumer witnessed company-wide consumption growth of approximately 3% in fiscal 2018.
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13af90fa-8d9c-4a97-8b23-c2637a67004c
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724235.0
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2019-01-30 00:00:00 UTC
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Whirlpool (WHR) Jumps: Stock Rises 9.7%
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https://www.nasdaq.com/articles/whirlpool-whr-jumps%3A-stock-rises-9.7-2019-01-30
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Whirlpool CorporationWHR was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $106.87 to $127.06 in the past one-month time frame.
The move came after the company's fourth-quarter 2018 earnings beat analyst expectations.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Whirlpool currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Whirlpool Corporation Price
Whirlpool Corporation Price | Whirlpool Corporation Quote
Another stock worth considering in the Consumer Discretionary sector is Deckers Outdoor Corporation DECK which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Is WHR going up? Or down? Predict to see what others think: Up or Down
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 - 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
See Stocks Today >>
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
Whirlpool Corporation (WHR): 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.
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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Whirlpool Corporation Price Whirlpool Corporation Price | Whirlpool Corporation Quote Another stock worth considering in the Consumer Discretionary sector is Deckers Outdoor Corporation DECK which carries a Zacks Rank #1 (Strong Buy). Click to get this free report Whirlpool Corporation (WHR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Whirlpool CorporationWHR was a big mover last session, as the company saw its shares rise nearly 10% on the day.
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Whirlpool Corporation Price Whirlpool Corporation Price | Whirlpool Corporation Quote Another stock worth considering in the Consumer Discretionary sector is Deckers Outdoor Corporation DECK which carries a Zacks Rank #1 (Strong Buy). Click to get this free report Whirlpool Corporation (WHR): 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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Whirlpool Corporation Price Whirlpool Corporation Price | Whirlpool Corporation Quote Another stock worth considering in the Consumer Discretionary sector is Deckers Outdoor Corporation DECK which carries a Zacks Rank #1 (Strong Buy). Click to get this free report Whirlpool Corporation (WHR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Predict to see what others think: Up or Down Zacks' Top 10 Stocks for 2019 In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
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Click to get this free report Whirlpool Corporation (WHR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Whirlpool Corporation Price Whirlpool Corporation Price | Whirlpool Corporation Quote Another stock worth considering in the Consumer Discretionary sector is Deckers Outdoor Corporation DECK which carries a Zacks Rank #1 (Strong Buy). From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market.
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f7b1226e-0eb7-4705-9b8f-6871908a9c08
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724236.0
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2019-01-29 00:00:00 UTC
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High Expenses to Hurt Madison Square's (MSG) Q2 Earnings
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https://www.nasdaq.com/articles/high-expenses-to-hurt-madison-squares-msg-q2-earnings-2019-01-29
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The Madison Square Garden CompanyMSG is scheduled to report second-quarter fiscal 2019 results on Feb 1, before the opening bell.
The company's undoubted efficiencies in operations, and continual expansion through acquisitions and partnerships may have aided revenues in the fiscal second quarter. However, high costs stemming from ventures and partnerships are likely to have affected earnings.
The company is expected to tread on growth trajectory, given its first-class operations, coupled with innovations and the ability to deliver top-class experiences to guests. In a year, its shares have gained 30.7% against 17.5% collective decline of the industry it belongs to. Moreover, Madison Square's earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters, the average beat being 83.5%.
Factors at Play
Madison Square continues to benefit from efforts to reinstate growth through multi-marketing agents. The company's iconic venues hosted a number of concerts, marquee events and family shows. Various sales-building efforts, double-digit sponsorship and signage growth are expected to have led the top line to grow in the fiscal second quarter.
Subsequently, the Zacks Consensus Estimate for net revenues in the fiscal second quarter is pegged at $593.2 million, reflecting a 10.6% year-over-year increase.
However, the company's greater focus on partnerships and marketing come at a cost of increased expenses, which in turn may have affected earnings in the to-be-reported quarter. The consensus estimate pegs earnings of $2.30 in the fiscal second quarter, suggesting a 27.9% decline from the year-ago quarter.
What Our Model Predicts
Our proven model does not suggest a beat for Madison Square in the quarter to be reported. That is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for that to happen.
Earnings ESP: The Earnings ESP for the company is 0.00%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Madison Square currently carries a Zacks Rank #1.
Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
The Madison Square Garden Company Price and EPS Surprise
The Madison Square Garden Company Price and EPS Surprise | The Madison Square Garden Company Quote
Stocks to Consider
Here are some companies in the Consumer Discretionary sector, which, according to our model, have the right combination of elements to come up with an earnings beat this quarter:
Deckers Outdoor DECK has an Earnings ESP of +3.63% and it currently sports a Zacks Rank #1. The company is scheduled to report quarterly numbers on Jan 31. You can see the complete list of today's Zacks #1 Rank stocks here .
Cinemark CNK has an Earnings ESP of +10.12% and a Zacks Rank #2. The company is anticipated to report quarterly results on Feb 22.
SeaWorld SEAS has an Earnings ESP of +38.46% and a Zacks Rank #1. The company is expected to report quarterly numbers on Feb 26.
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
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 Madison Square Garden Company (MSG): Free Stock Analysis Report
SeaWorld Entertainment, Inc. (SEAS): Free Stock Analysis Report
Cinemark Holdings Inc (CNK): Get 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.
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 Madison Square Garden Company Price and EPS Surprise The Madison Square Garden Company Price and EPS Surprise | The Madison Square Garden Company Quote Stocks to Consider Here are some companies in the Consumer Discretionary sector, which, according to our model, have the right combination of elements to come up with an earnings beat this quarter: Deckers Outdoor DECK has an Earnings ESP of +3.63% and it currently sports a Zacks Rank #1. Click to get this free report The Madison Square Garden Company (MSG): Free Stock Analysis Report SeaWorld Entertainment, Inc. (SEAS): Free Stock Analysis Report Cinemark Holdings Inc (CNK): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. The company is expected to tread on growth trajectory, given its first-class operations, coupled with innovations and the ability to deliver top-class experiences to guests.
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The Madison Square Garden Company Price and EPS Surprise The Madison Square Garden Company Price and EPS Surprise | The Madison Square Garden Company Quote Stocks to Consider Here are some companies in the Consumer Discretionary sector, which, according to our model, have the right combination of elements to come up with an earnings beat this quarter: Deckers Outdoor DECK has an Earnings ESP of +3.63% and it currently sports a Zacks Rank #1. Click to get this free report The Madison Square Garden Company (MSG): Free Stock Analysis Report SeaWorld Entertainment, Inc. (SEAS): Free Stock Analysis Report Cinemark Holdings Inc (CNK): Get 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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The Madison Square Garden Company Price and EPS Surprise The Madison Square Garden Company Price and EPS Surprise | The Madison Square Garden Company Quote Stocks to Consider Here are some companies in the Consumer Discretionary sector, which, according to our model, have the right combination of elements to come up with an earnings beat this quarter: Deckers Outdoor DECK has an Earnings ESP of +3.63% and it currently sports a Zacks Rank #1. Click to get this free report The Madison Square Garden Company (MSG): Free Stock Analysis Report SeaWorld Entertainment, Inc. (SEAS): Free Stock Analysis Report Cinemark Holdings Inc (CNK): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, Madison Square's earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters, the average beat being 83.5%.
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The Madison Square Garden Company Price and EPS Surprise The Madison Square Garden Company Price and EPS Surprise | The Madison Square Garden Company Quote Stocks to Consider Here are some companies in the Consumer Discretionary sector, which, according to our model, have the right combination of elements to come up with an earnings beat this quarter: Deckers Outdoor DECK has an Earnings ESP of +3.63% and it currently sports a Zacks Rank #1. Click to get this free report The Madison Square Garden Company (MSG): Free Stock Analysis Report SeaWorld Entertainment, Inc. (SEAS): Free Stock Analysis Report Cinemark Holdings Inc (CNK): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank: Madison Square currently carries a Zacks Rank #1.
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c3e6509b-b35e-4f8b-9ee1-5a908c5224ef
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724237.0
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2019-01-29 00:00:00 UTC
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Factors Likely to Drive Ralph Lauren's (RL) Q3 Earnings
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DECK
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https://www.nasdaq.com/articles/factors-likely-to-drive-ralph-laurens-rl-q3-earnings-2019-01-29
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nan
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Ralph Lauren CorporationRL is slated to release third-quarter fiscal 2019 results on Feb 5, before the opening bell. The company has an impressive earnings surprise history, having outpaced estimates in the last 15 quarters. Also, it delivered average four-quarter positive earnings surprise of 7%.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $2.14, reflecting 5.4% growth year over year. Notably, the consensus mark remained unchanged over the last 30 days.
Ralph Lauren Corporation Price and EPS Surprise
Ralph Lauren Corporation Price and EPS Surprise | Ralph Lauren Corporation Quote
Let's see how things are shaping up prior to the earnings announcement.
Factors at Play
Ralph Lauren has been benefiting from initiatives - including stringent focus on consumer demand, efforts to elevate and energize brands, and balance growth and productivity. Moreover, significant progress on the Next Great Chapter growth plan has been aiding its earnings performance over the past few quarters. The company expects to execute this growth plan through by five priorities including - winning over a new generation of customers; energizing core products and accelerating underdeveloped categories; drive targeted expansion in its regions and channels; lead with digital; and operate with discipline to fuel growth.
Ralph Lauren is well on track with its restructuring plan. The company recently outlined a restructuring plan (Fiscal 2019 Restructuring Plan), which is likely to generate savings of roughly $60-$80 million in fiscal 2019. These savings will be incremental to savings of roughly $140 million to be realized in association with the Way Forward Plan.
Furthermore, the company's results will continue to reflect gains from the focus on international expansion. It sees immense potential to expand in Europe, where it currently has only 21 full-price stores. The company plans to open five more stores in Europe in the second half of fiscal 2019, with more than 100 stores planned in the next five years. Additionally, its digital business is expected to significantly contribute to growth in the fiscal third quarter. Moreover, the company's digital wholesale business has been witnessing marked improvements, which is driving market share gains in this channel at key retailers and categories.
Despite improvements, the North America segment continues to suffer due to soft in-store traffic and challenging wholesale business. The company projects challenging revenues for the North America wholesale business in the second half of fiscal 2019 due to the timing of off-price shipments. Additionally, currency headwinds are likely to impact revenue growth throughout fiscal 2019.
Soft outlook weighed on the stock's performance in the last three months. Notably, the stock has declined 12.2% in the past three months, wider than the industry 's decrease of 2.6%. However, it has gained 11.2% in the past month, reflecting a positive sentiment ahead o f earnings .
Zacks Model
Our proven model shows that Ralph Lauren is likely to bea t earnings estimates in the fiscal second quarter. This is because a stock needs to have both - a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) - for this to happen. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Ralph Lauren has an Earnings ESP of +0.86% and Zacks Rank #3, which makes us reasonably confident of an earnings beat.
Other Stocks With Favorable Combination
Here are some other companies that you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat:
Deckers Outdoor Corporation DECK has an Earnings ESP of +3.63% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Dillard's, Inc. DDS has an Earnings ESP of +2.56% and a Zacks Rank #2.
L Brands Inc. LB has an Earnings ESP of +0.91% and a Zacks Rank #2.
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
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
L Brands, Inc. (LB): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Ralph Lauren Corporation (RL): 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.
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 With Favorable Combination Here are some other companies that you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +3.63% and a Zacks Rank #1. Click to get this free report L Brands, Inc. (LB): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. Factors at Play Ralph Lauren has been benefiting from initiatives - including stringent focus on consumer demand, efforts to elevate and energize brands, and balance growth and productivity.
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Other Stocks With Favorable Combination Here are some other companies that you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +3.63% and a Zacks Rank #1. Click to get this free report L Brands, Inc. (LB): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. Ralph Lauren Corporation Price and EPS Surprise Ralph Lauren Corporation Price and EPS Surprise | Ralph Lauren Corporation Quote Let's see how things are shaping up prior to the earnings announcement.
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Other Stocks With Favorable Combination Here are some other companies that you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +3.63% and a Zacks Rank #1. Click to get this free report L Brands, Inc. (LB): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. Ralph Lauren Corporation Price and EPS Surprise Ralph Lauren Corporation Price and EPS Surprise | Ralph Lauren Corporation Quote Let's see how things are shaping up prior to the earnings announcement.
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Other Stocks With Favorable Combination Here are some other companies that you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +3.63% and a Zacks Rank #1. Click to get this free report L Brands, Inc. (LB): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. The company plans to open five more stores in Europe in the second half of fiscal 2019, with more than 100 stores planned in the next five years.
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69a2a3a4-5db2-4424-8faf-5c1be58e1b6f
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724238.0
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2019-01-28 00:00:00 UTC
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Carter's (CRI) Down 31% in a Year: Can Efforts Aid Recovery?
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DECK
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https://www.nasdaq.com/articles/carters-cri-down-31-in-a-year%3A-can-efforts-aid-recovery-2019-01-28
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Carter's, Inc.CRI loses favor with investors, evident from its price performance in the past year. The stock has declined 31.2% against the industry 's 11.8% growth. Well, factors such as high inventory level, higher SG&A expenses and softness in its U.S. Wholesale business have been weighing on the company's performance.
Nevertheless, Carter's Retail strategy remains focused on improving store productivity, strengthening e-commerce business and enhancing product offerings. Further, the company is experiencing robust growth at its International business. Let's take a closer look at both sides of the story.
Factors Behind Carter's Dismal Performance
Carter's is witnessing sluggishness across its U.S. Wholesale business due to the bankruptcy of Toys "R" Us. The closure of Toys "R" Us stores, which is the company's key wholesale customer, is largely weighing on its U.S. Wholesale segment's performance. In third-quarter 2018, sales at this segment decreased 8.3% year over year on account of fall in shipments due to loss of sales to Toys "R" Us and Bon-Ton.
Additionally, higher cost of investments toward technology, brand marketing and expedited shipping have been denting operating margin. SG&A expenses, as a percentage of sales, increased 180 basis points (bps) in third-quarter 2018. This uptick was mainly driven by increased investments in new stores and e-commerce business, higher marketing spending, distribution, speedy deliveries and infrastructure. Consequently, operating margin contracted 220 bps in the third quarter. Moving ahead, this can be a threat to the company's profitability.
Moreover, the company's high inventory levels remain a worry. At the end of the third quarter, Carter's saw a 14% increase in net inventories owing to the timing of inventory receipts and increased baby replenishment inventory.
Are Strategies Tracking Growth?
Carter's Skip Hop and Age Up initiatives are likely to significantly drive retail sales growth. Additionally, the company is witnessing a positive response for its co-branded stores that have received maximum return on investment. By 2022, the company plans to open nearly 160 co-branded stores. It also targets increasing the mix of these stores to at least 50% of its store base compared with 20% at the beginning of 2017. Simultaneously, management intends to shut down roughly 115 less-productive stores, comprising mainly Carter's and OshKosh outlets. This is expected to improve the productivity as well as boost the customer's experience.
Further, Carter's efforts to strengthen e-commerce capabilities through investments to speed up deliveries are impressive. Notably, the company has been witnessing double-digit growth in e-commerce sales, mainly backed by higher domestic demand. During 2019, it plans to launch the e-commerce capabilities in Mexico. Combined with wholesale, the company expects to reach $1 billion in online purchases of its brands in 2019.
Additionally, Carter's International business is witnessing solid growth, thanks to acquired licensee business in Mexico and robust demand in markets outside of North America. The company is also on track with the integration of the Mexico business, acquired in 2017. It anticipates about $30 million sales contribution from Mexico, with the potential to double its sales in the next five years. Moreover, Carter's expects China to generate about $20 million sales, with significant e-commerce sales growth.
Despite a dismal third-quarter 2018, management issued an encouraging view for the fourth quarter. It expects net sales to grow 5% and adjusted earnings per share to rise roughly 10% from the prior-year quarter number. Moreover, the company witnessed double-digit comparable-store sales growth initially in the fourth quarter driven by higher traffic, conversion rates and improved price realization. Management projects quarterly retail comps to increase approximately 4% backed by various strategic initiatives, including gains from Age Up size expansion and Skip Hop.
These tailwinds make us optimistic about this Zacks Rank #3 (Hold) stock's return on the growth trajectory. However, the course and timing of the turnaround remain uncertain, keeping us on the sidelines at this time.
3 Stocks to Watch
Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. It has a long-term earnings growth rate of 9.5% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Rocky Brands RCKY delivered average positive earnings surprise of 53.3% in the trailing four quarters. It carries a Zacks Rank #2 (Buy).
Under Armour, Inc. UAA delivered average positive earnings surprise of 27.1% in the trailing four quarters. It has a long-term earnings growth rate of 22.8% and a Zacks Rank of 2.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
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
Carter's, Inc. (CRI): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
Under Armour, Inc. (UAA): Get Free 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.
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 Stocks to Watch Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Under Armour, Inc. (UAA): Get Free Report To read this article on Zacks.com click here. This uptick was mainly driven by increased investments in new stores and e-commerce business, higher marketing spending, distribution, speedy deliveries and infrastructure.
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Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Under Armour, Inc. (UAA): Get Free Report To read this article on Zacks.com click here. 3 Stocks to Watch Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. Nevertheless, Carter's Retail strategy remains focused on improving store productivity, strengthening e-commerce business and enhancing product offerings.
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Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Under Armour, Inc. (UAA): Get Free Report To read this article on Zacks.com click here. 3 Stocks to Watch Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. Additionally, Carter's International business is witnessing solid growth, thanks to acquired licensee business in Mexico and robust demand in markets outside of North America.
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3 Stocks to Watch Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Under Armour, Inc. (UAA): Get Free Report To read this article on Zacks.com click here. Well, factors such as high inventory level, higher SG&A expenses and softness in its U.S. Wholesale business have been weighing on the company's performance.
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f9373973-0c15-4ba2-b84f-21aaece26022
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724239.0
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2019-01-28 00:00:00 UTC
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Here's What to Expect From Sirius XM's (SIRI) Q4 Earnings
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DECK
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https://www.nasdaq.com/articles/heres-what-to-expect-from-sirius-xms-siri-q4-earnings-2019-01-28
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Sirius XMSIRI is scheduled to report fourth-quarter 2018 results on Jan 30.
The company beat the Zacks Consensus Estimate in two of the trailing four quarters and reported in-line earnings in the other two quarters, with the average positive earnings surprise being 9.17%. In the las t report ed quarter, the company's adjusted earnings of 7 cents per share beat the Zacks Consensus Estimate by a penny.
The Zacks Consensus Estimate for fourth-quarter earnings and revenues is currently pegged at 6 cents and $1.48 billion, respectively.
Sirius XM Holdings Inc. Price and EPS Surprise
Sirius XM Holdings Inc. Price and EPS Surprise | Sirius XM Holdings Inc. Quote
Let's see how things are shaping up prior to this announcement.
Solid Content, Service Reach to Aid Subscriber Growth
Sirius XM has been witnessing healthy subscriber additions owing to its strong content lineup and expanded service reach.
Notably, the company added 1.4 million self-pay subscribers in 2018, exceeding its earlier guided figure of 1.275 million self-pay net subscribers, per management. Additionally, the company expects to meet or exceed its 2018 guidance for revenues, adjusted EBITDA and free cash flow.
Apart from music, Sirius XM continues to add content from talk shows, sports and lifestyle to provide diverse offerings to its users. Additionally, with Sirius XM-enabled radio vehicles increasing on the road, we believe the adoption of its other connected services may also increase, which is a positive.
One of the company's connected services for car buyers includes three years of free crash alert as well as free premium services like roadside assistance for six months at a few dealership locations. Notably, over 113 million vehicles on road were equipped with Sirius XM-enabled radios, up 13% year over year in third-quarter 2018.
Moreover, Sirius XM has moved beyond cars to expand its service reach. The company's partnership with Amazon AMZN to provide free access to a few of its subscription packages for existing Echo holders is expected to boost its subscriber base and engagement levels.
However, other players in the streaming space like Apple and Spotify are also boosting their service offerings to attract users. This may not bode well for Sirius XM.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) along with a positive Earnings ESP has a good chance of beating estimates. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
Sirius has a Zacks Rank #3 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Stocks to Consider
Here are few stocks you may consider as our proven model shows that these have the right combination of elements to post an earnings beat this quarter.
Deckers Outdoor Corporation DECK has an Earnings ESP of +9.49% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Wynn Resorts WYNN has an Earnings ESP of +20% and a Zacks Rank #2.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
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
Wynn Resorts, Limited (WYNN): Get Free Report
Amazon.com, Inc. (AMZN): Get Free Report
Sirius XM Holdings Inc. (SIRI): 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.
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 has an Earnings ESP of +9.49% and a Zacks Rank #1. Click to get this free report Wynn Resorts, Limited (WYNN): Get Free Report Amazon.com, Inc. (AMZN): Get Free Report Sirius XM Holdings Inc. (SIRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. In the las t report ed quarter, the company's adjusted earnings of 7 cents per share beat the Zacks Consensus Estimate by a penny.
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Click to get this free report Wynn Resorts, Limited (WYNN): Get Free Report Amazon.com, Inc. (AMZN): Get Free Report Sirius XM Holdings Inc. (SIRI): 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 has an Earnings ESP of +9.49% and a Zacks Rank #1. Sirius XM Holdings Inc. Price and EPS Surprise Sirius XM Holdings Inc. Price and EPS Surprise | Sirius XM Holdings Inc. Quote Let's see how things are shaping up prior to this announcement.
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Click to get this free report Wynn Resorts, Limited (WYNN): Get Free Report Amazon.com, Inc. (AMZN): Get Free Report Sirius XM Holdings Inc. (SIRI): 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 has an Earnings ESP of +9.49% and a Zacks Rank #1. Sirius XM Holdings Inc. Price and EPS Surprise Sirius XM Holdings Inc. Price and EPS Surprise | Sirius XM Holdings Inc. Quote Let's see how things are shaping up prior to this announcement.
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Click to get this free report Wynn Resorts, Limited (WYNN): Get Free Report Amazon.com, Inc. (AMZN): Get Free Report Sirius XM Holdings Inc. (SIRI): 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 has an Earnings ESP of +9.49% and a Zacks Rank #1. Zacks' Top 10 Stocks for 2019 In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
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230dac13-5997-40da-a5a7-e4059bc2b552
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724240.0
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2019-01-27 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Benjamin Graham - 1/27/2019
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-benjamin-graham-1272019-2019-01-27
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The following are the top rated Consumer Cyclical stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham . This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
COLUMBIA SPORTSWEAR COMPANY ( COLM ) is a mid-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada. The Company develops and manages its merchandise in categories, including apparel, accessories and equipment, and footwear. It distributes its products through a mix of wholesale distribution channels, its own direct-to-consumer channels (retail stores and e-commerce), independent distributors and licensees. As of December 31, 2016, its products were sold in approximately 90 countries. In 59 of those countries, it sells to independent distributors to whom it has granted distribution rights. Contract manufacturers located outside the United States manufacture all of its products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Donaldson Company, Inc. is a manufacturer of filtration systems and replacement parts. The Company's segments include Engine Products, Industrial Products and Corporate. The Company's products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands. The Engine Products segment sells its products to original equipment manufacturers (OEMs) in the construction, mining, agriculture, aerospace, defense and truck end-markets and to independent distributors, OEM dealer networks, private label accounts and large equipment fleets. The Industrial Products segment sells to various industrial dealers, distributors, OEMs of gas-fired turbines and OEMs and end users requiring clean air. Its products include dust, fume and mist collectors, compressed air purification systems, air filtration systems for gas turbines and polytetrafluoroethylene (PTFE) membrane-based products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DAIMLER AG ( DDAIF ) is a large-cap value stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. The Mercedes-Benz Cars segment includes vehicles of the Mercedes-Benz brand, including the brands, Mercedes-AMG and Mercedes-Maybach, as well as the Mercedes me brand. The Daimler Trucks segment develops and produces vehicles under the brands, including Mercedes-Benz, Freightliner, Western Star, FUSO and BharatBenz. The Mercedes-Benz Vans segment is a supplier of a range of vans and associated services. The Daimler Buses segment sells completely built-up buses under brand names, including MercedesBenz and Setra. The Daimler Financial Services segment supports the sales of its automotive brands in approximately 40 countries around the world.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
G-III APPAREL GROUP, LTD. ( GIII ) is a small-cap value stock in the Apparel/Accessories industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women's suits and women's performance wear, as well as women's handbags, footwear, small leather goods, cold weather accessories and luggage. The Company's owned brands include Donna Karan, DKNY, DKNY Jeans, Vilebrequin, G-III Sports by Carl Banks, Eliza J, Black Rivet and Jessica Howard. It has fashion licenses under the Calvin Klein, Tommy Hilfiger, Karl Lagerfeld, Kenneth Cole, Cole Haan and Dockers brands. Through its team sports business, it has licenses with the National Football League, National Basketball Association, Major League Baseball and National Hockey League. It also operates retail stores under the Donna Karan, Wilsons Leather, Bass, G.H. Bass & Co., Vilebrequin and Calvin Klein Performance names.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Benjamin Graham has returned 435.86% vs. 168.06% for the S&P 500. For more details on this strategy, click here
About Benjamin Graham : The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea : Validea is an investment research service that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
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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The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here G-III APPAREL GROUP, LTD. ( GIII ) is a small-cap value stock in the Apparel/Accessories industry.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Company's segments include Engine Products, Industrial Products and Corporate. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services.
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The Company's segments include Engine Products, Industrial Products and Corporate. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Benjamin Graham has returned 435.86% vs. 168.06% for the S&P 500. For more details on this strategy, click here About Benjamin Graham : The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976.
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acad917b-7af9-475c-acec-666fabbedccd
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724241.0
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2019-01-27 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Motley Fool - 1/27/2019
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-motley-fool-1272019-2019-01-27
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The following are the top rated Consumer Cyclical stocks according to Validea's Small-Cap Growth Investor model based on the published strategy of Motley Fool . This strategy looks for small cap growth stocks with solid fundamentals and strong price performance.
JOHNSON OUTDOORS INC. ( JOUT ) is a small-cap value stock in the Recreational Products industry. The rating according to our strategy based on Motley Fool is 83% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Johnson Outdoors Inc. is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment's brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment's brands are Eureka!, Jetboil and Silva. Its Watercraft segment designs and markets Necky sea touring kayaks; sit on top Ocean Kayaks, and Old Town canoes and kayaks for family recreation, touring, angling and tripping. The Company manufactures and markets underwater diving products for recreational divers, which it sells and distributes under the SCUBAPRO brand name. It markets a line of underwater diving and snorkeling equipment, including regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels and accessories. The Company's products are used for fishing from a boat, diving, paddling, hiking and camping.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
CALLAWAY GOLF CO ( ELY ) is a small-cap value stock in the Recreational Products industry. The rating according to our strategy based on Motley Fool is 65% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges, and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of its trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of Callaway Golf and Strata balls that are designed, manufactured and sold by the Company. It sells its products to retailers, directly and through its subsidiaries, and to third-party distributors. It sells pre-owned golf products through its Website, www.callawaygolfpreowned.com. In addition, it sells Callaway Golf and Odyssey products, including Toulon Design by Odyssey, directly to consumers through its Websites, www.callawaygolf.com and www.odysseygolf.com.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
FOX FACTORY HOLDING CORP ( FOXF ) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Motley Fool is 65% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company's products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles. The Company's brands include FOX, FOX RACING SHOX and RACE FACE. The Company's products include 34 Factory Series FLOAT FIT4, which provides external adjustability with its fourth-generation FOX Isolated Technology and closed-cartridge damper, and includes a self-adjusting negative chamber air spring; X2 technology, utilized in its Factory Series FLOAT and DH rear shocks; PODIUM Internal Bypass, and X2 technology utilized in its 2.5 PODIUM shocks for side-by-sides that feature high and low speed rebound adjustment, high and low speed compression adjustment, and a dual-rate spring for the rear shocks.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DORMAN PRODUCTS INC. ( DORM ) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Motley Fool is 63% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Dorman Products, Inc. is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU's) of automotive replacement parts and fasteners. As of December 31, 2016, approximately 83% of its products were sold under brands that it owned and the remainder of its products were sold for resale under customers' private labels, other brands or in bulk. Its products are sold in the United States through automotive aftermarket retailers, national, regional and local warehouse distributors, and specialty markets, and salvage yards. It also distributes automotive replacement parts outside the United States, with sales primarily into Canada, Mexico, Europe, the Middle East, and Australia. Its parts are marketed under the OE Solutions, TECHoice, AutoGrade, Conduct-Tite, FirstStop and HD Solutions brand names.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on Motley Fool is 61% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business. The Company sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user consumers both domestically and internationally, through its Websites, call centers and retail stores. The Company markets its products primarily under three brands: UGG, Teva and Sanuk. The Company's other brands include Hoka One One (Hoka), Ahnu and Koolaburra by UGG (Koolaburra). It has a total of over 150 retail stores across the world.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Motley Fool has returned 516.53% vs. 168.06% for the S&P 500. For more details on this strategy, click here
About Motley Fool : Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss. The Gardners are the founders of the popular Motley Fool web site, which offers frank and often irreverent commentary on investing, the stock market, and personal finance. The Gardners' "Fool" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services.
About Validea : Validea is an investment research service that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
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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Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. The Gardners' "Fool" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here FOX FACTORY HOLDING CORP ( FOXF ) is a mid-cap growth stock in the Auto & Truck Parts industry.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here CALLAWAY GOLF CO ( ELY ) is a small-cap value stock in the Recreational Products industry.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving.
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62cec906-6039-418f-be20-1276afab9835
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724242.0
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2019-01-25 00:00:00 UTC
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Deckers (DECK) Q3 Earnings Likely to Increase Y/Y: Here's Why
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DECK
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https://www.nasdaq.com/articles/deckers-deck-q3-earnings-likely-to-increase-y-y%3A-heres-why-2019-01-25
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Deckers Outdoor CorporationDECK is slated to report third-quarter fiscal 2019 results on Jan 31, after the market closes . In the last four quarters, this Goleta, CA-based footwear and apparel retailer outperformed the Zacks Consensus Estimate by an average of 69.1%. Investors are counting on another beat by Deckers in the to-be-reported quarter.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $5.31 compared with $4.97 in the year-ago quarter. We note that the Zacks Consensus Estimate has improved by 7 cents in the past 30 days. The consensus estimate for revenues currently is pegged at $826.9 million, showing an improvement of approximately 2% from the year-ago quarter. If all goes well, this will be the eighth straight quarter of positive earnings and sales surprises.
Key Factors Influencing Q3
Deckers is targeting profitable markets. The company is focused on product innovation and store augmentation plan. Further, the company's focus on expanding brand assortments, bringing more innovative line of products, targeting consumers through marketing and optimizing omni-channel distribution bodes well. These are likely to have a favorable impact on the to-be-reported quarter.
In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and open smaller concept omni-channel outlets. Additionally, the company has undertaken strategic initiatives to drive growth.
Management had earlier guided third-quarter net sales in the range of $805-$825 million compared with $810.5 million a year ago. The company had projected earnings in the band of $5.10-$5.25.
However, industry experts are concerned about Deckers' over-reliance on the UGG brand. In the event of stagnation or decline in UGG sales growth, the company's overall results will be affected. This is because the percentage of contribution from the company's other brands are too minimal to offset any slowdown in UGG sales.
The Zacks Consensus Estimate of revenues for Sanuk brand is $13.3 million, reflecting a year-over-year decrease of about 4.7%, while the same for Teva brand is $18.9 million, indicating a decline of approximately 3.1% year over year. Sales from UGG brand are expected at $726 million, down 1.2% from the prior-year period.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote
Model Predicts Higher Probability of Earnings Beat
Our proven model shows that Deckers is likely to beat estimates this quarter. This is because a stock needs to have both - a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP - for this to happen. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Deckers has an Earnings ESP of +3.63% and a Zacks Rank #1. This makes us reasonably confident that it is likely to outperform estimates.
3 More Stocks With Favorable Combination
Here are three other companies you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat:
Foot Locker FL has an Earnings ESP of +1.47% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Dillard's, Inc. DDS has an Earnings ESP of +2.56% and a Zacks Rank #2.
Five Below FIVE has an Earnings ESP of +0.45% and a Zacks Rank #2.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
Foot Locker, Inc. (FL): Free Stock Analysis Report
Five Below, Inc. (FIVE): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Get Free 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.
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 keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and open smaller concept omni-channel outlets. Deckers Outdoor CorporationDECK is slated to report third-quarter fiscal 2019 results on Jan 31, after the market closes . Investors are counting on another beat by Deckers in the to-be-reported quarter.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote Model Predicts Higher Probability of Earnings Beat Our proven model shows that Deckers is likely to beat estimates this quarter. Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Five Below, Inc. (FIVE): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Get Free Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK is slated to report third-quarter fiscal 2019 results on Jan 31, after the market closes .
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote Model Predicts Higher Probability of Earnings Beat Our proven model shows that Deckers is likely to beat estimates this quarter. Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Five Below, Inc. (FIVE): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Get Free Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK is slated to report third-quarter fiscal 2019 results on Jan 31, after the market closes .
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Deckers has an Earnings ESP of +3.63% and a Zacks Rank #1. Deckers Outdoor CorporationDECK is slated to report third-quarter fiscal 2019 results on Jan 31, after the market closes . Investors are counting on another beat by Deckers in the to-be-reported quarter.
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7edf1c26-7bd5-4a5d-9bbe-c253740d6fa2
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724243.0
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2019-01-25 00:00:00 UTC
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Deckers Outdoor Sees Hammer Chart Pattern: Time to Buy?
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-sees-hammer-chart-pattern%3A-time-to-buy-2019-01-25
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nan
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nan
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Deckers Outdoor CorporationDECK has been struggling lately, but the selling pressure may be coming to an end soon. That is because DECK recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
What is a Hammer Chart Pattern?
A hammer chart pattern is a popular technical indicator that is used in candlestick charting. The hammer appears when a stock tumbles during the day, but then finds strength at some point in the session to close near or above its opening price. This forms a candlestick that resembles a hammer, and it can suggest that the market has found a low point in the stock, and that better days are ahead.
Other Factors
Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. In just the past 60 days alone 2 estimates have gone higher, compared to none lower, while the consensus estimate has also moved in the right direction.
Estimates have actually risen so much that the stock now has a Zacks Rank #1 (Strong Buy) suggesting this relatively unloved stock could be due for a breakout soon. This will be especially true if DECK stock can build momentum from here and find a way to continue higher of off this encouraging trading development. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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See Zacks' 3 Best Stocks to Play This Trend >>
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Deckers Outdoor Corporation (DECK): Get Free 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.
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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This will be especially true if DECK stock can build momentum from here and find a way to continue higher of off this encouraging trading development. Deckers Outdoor CorporationDECK has been struggling lately, but the selling pressure may be coming to an end soon. That is because DECK recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
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Click to get this free report Deckers Outdoor Corporation (DECK): Get Free Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK has been struggling lately, but the selling pressure may be coming to an end soon. That is because DECK recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
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That is because DECK recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom. Deckers Outdoor CorporationDECK has been struggling lately, but the selling pressure may be coming to an end soon. This will be especially true if DECK stock can build momentum from here and find a way to continue higher of off this encouraging trading development.
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Deckers Outdoor CorporationDECK has been struggling lately, but the selling pressure may be coming to an end soon. That is because DECK recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom. This will be especially true if DECK stock can build momentum from here and find a way to continue higher of off this encouraging trading development.
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39de9e31-30a5-4364-8840-f0ba042b7f7b
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724244.0
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2019-01-24 00:00:00 UTC
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Deckers (DECK) Reports Next Week: Wall Street Expects Earnings Growth
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DECK
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https://www.nasdaq.com/articles/deckers-deck-reports-next-week%3A-wall-street-expects-earnings-growth-2019-01-24
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nan
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nan
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The market expects Deckers (DECK) to deliver a year-over-year increase in earnings on higher revenues when i t report s results for the quarter ended December 2018. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 31. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call , it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This maker of Ugg footwear is expected to pos t quarterly earnings of $5.31 per share in its upcoming report, which represents a year-over-year change of +6.8%.
Revenues are expected to be $826.90 million, up 2% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 8.94% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is subject to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time , and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Deckers?
For Deckers, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +3.63%.
On the other hand, the stock currently carries a Zacks Rank of #1.
So, this combination indicates that Deckers will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Deckers would pos t earnings of $1.72 per share when it actually produced earnings of $2.38, delivering a surprise of +38.37%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Deckers appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
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): Get Free Report
To read this article on Zacks.com click here.
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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The market expects Deckers (DECK) to deliver a year-over-year increase in earnings on higher revenues when i t report s results for the quarter ended December 2018. How Have the Numbers Shaped Up for Deckers? For Deckers, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects.
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The market expects Deckers (DECK) to deliver a year-over-year increase in earnings on higher revenues when i t report s results for the quarter ended December 2018. How Have the Numbers Shaped Up for Deckers? For Deckers, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects.
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The market expects Deckers (DECK) to deliver a year-over-year increase in earnings on higher revenues when i t report s results for the quarter ended December 2018. How Have the Numbers Shaped Up for Deckers? For Deckers, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects.
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For the last reported quarter, it was expected that Deckers would pos t earnings of $1.72 per share when it actually produced earnings of $2.38, delivering a surprise of +38.37%. The market expects Deckers (DECK) to deliver a year-over-year increase in earnings on higher revenues when i t report s results for the quarter ended December 2018. How Have the Numbers Shaped Up for Deckers?
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37fc66fd-9769-4ccd-b175-618473b5ee44
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724245.0
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2019-01-23 00:00:00 UTC
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Las Vegas Operations to Hurt Wynn Resorts (WYNN) Q4 Earnings
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DECK
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https://www.nasdaq.com/articles/las-vegas-operations-to-hurt-wynn-resorts-wynn-q4-earnings-2019-01-23
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nan
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nan
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Wynn Resorts, LimitedWYNN is scheduled to report fourth-quarter 2018 earnings on Jan 30, after the closing bell.
We expect increased contributions from non-gaming revenues, coupled with expansion in the domestic market, to have driven growth in the to-be-reported quarter. However, revenue growth in the quarter may have been negatively impacted by a slowdown in the company's Las Vegas operations. Further, margin contraction in the domestic operations is likely to have affected earnings in the fourth quarter.
Nevertheless, the company has been deriving a solid share of revenues from Macau resorts. Gambling revenues from Macau surged 16.6% in December and surpassed the Zacks Consensus Estimate, which is likely to benefit the company in the quarter under review.
Subsequently, shares of Wynn Resorts have displayed some resilience of late. After losing 44.2% in the past year, the stock has increased 12.7% in the past three months, outperforming the industry 's growth of 11.1%.
Let us find out how the company's fourth-quarter results will turn out.
Top-Line Picture
Apart from the gaming business in Macau, Wynn Resorts has been increasingly focusing on boosting non-gaming revenues. Given the decent visitation pattern in Macau, infrastructure development and the government's efforts to bolster tourism, non-gaming sources are expected to boost revenues, going forward. Meanwhile, Wynn Resorts has been offering various promotional allowances and undertaking initiatives to attract gambling patrons.
However, while Macau revenues are likely to have taken an impressive turn in the fourth quarter, we believe that domestic revenues will negatively impact the overall top line. The Zacks Consensus Estimate for Wynn Resorts' revenues in the fourth quarter is pegged at $1.6 billion, suggesting an 8.1% fall from the year-ago quarter's revenues.
Additionally, the consensus estimate pegs fourth-quarter revenues for Las Vegas operations at $384 million, which marks a 3.8% decline from the third quarter of 2018.
Earnings to Disappoint
While Wynn Resorts' earnings before interests, taxes, depreciation and amortization (EBITDA) at Wynn Palace has been rising, given its operational excellence, the same has been falling at Las Vegas, which, in turn, may have affected fourth-quarter earnings.
Subsequently, the Zacks Consensus Estimate for fourth-quarter earnings is pegged at $1.27, suggesting a 9.3% year-over-year decline.
What Our Model Predicts
Our proven model suggests a beat for Wynn Resorts in the quarter to be reported. That is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for that to happen. Fortunately, that is the case here as you will see below.
Earnings ESP: The Earnings ESP for the company is +9.00% as the Most Accurate Estimate is pegged at $1.39 while the Zacks Consensus Estimate is at $1.27. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Wynn Resorts currently carries a Zacks Rank #2.
Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is witnessing negative estimate revisions
Wynn Resorts, Limited Price and EPS Surprise
Wynn Resorts, Limited Price and EPS Surprise | Wynn Resorts, Limited Quote
Other Stocks to Consider
Here are some companies in the Consumer Discretionary sector, which, according to our model, also have the right combination of elements to come up with an earnings beat this quarter:
Deckers Outdoor DECK has an Earnings ESP of +3.63% and it currently sports a Zacks Rank #1. The company is scheduled to report quarterly numbers on Feb 7. You can see the complete list of today's Zacks #1 Rank stocks here .
Cinemark CNK has an Earnings ESP of +10.66% and a Zacks Rank #2. The company is anticipated to report quarterly results on Feb 22.
SeaWorld SEAS has an Earnings ESP of +38.46% and a Zacks Rank #1. The company is expected to report quarterly numbers on Feb 26.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 - 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
See Stocks Today >>
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Wynn Resorts, Limited (WYNN): Get Free Report
Cinemark Holdings Inc (CNK): Get Free Report
SeaWorld Entertainment, Inc. (SEAS): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Get Free 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.
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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Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is witnessing negative estimate revisions Wynn Resorts, Limited Price and EPS Surprise Wynn Resorts, Limited Price and EPS Surprise | Wynn Resorts, Limited Quote Other Stocks to Consider Here are some companies in the Consumer Discretionary sector, which, according to our model, also have the right combination of elements to come up with an earnings beat this quarter: Deckers Outdoor DECK has an Earnings ESP of +3.63% and it currently sports a Zacks Rank #1. Click to get this free report Wynn Resorts, Limited (WYNN): Get Free Report Cinemark Holdings Inc (CNK): Get Free Report SeaWorld Entertainment, Inc. (SEAS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Get Free Report To read this article on Zacks.com click here. Given the decent visitation pattern in Macau, infrastructure development and the government's efforts to bolster tourism, non-gaming sources are expected to boost revenues, going forward.
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Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is witnessing negative estimate revisions Wynn Resorts, Limited Price and EPS Surprise Wynn Resorts, Limited Price and EPS Surprise | Wynn Resorts, Limited Quote Other Stocks to Consider Here are some companies in the Consumer Discretionary sector, which, according to our model, also have the right combination of elements to come up with an earnings beat this quarter: Deckers Outdoor DECK has an Earnings ESP of +3.63% and it currently sports a Zacks Rank #1. Click to get this free report Wynn Resorts, Limited (WYNN): Get Free Report Cinemark Holdings Inc (CNK): Get Free Report SeaWorld Entertainment, Inc. (SEAS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Get Free Report To read this article on Zacks.com click here. Additionally, the consensus estimate pegs fourth-quarter revenues for Las Vegas operations at $384 million, which marks a 3.8% decline from the third quarter of 2018.
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Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is witnessing negative estimate revisions Wynn Resorts, Limited Price and EPS Surprise Wynn Resorts, Limited Price and EPS Surprise | Wynn Resorts, Limited Quote Other Stocks to Consider Here are some companies in the Consumer Discretionary sector, which, according to our model, also have the right combination of elements to come up with an earnings beat this quarter: Deckers Outdoor DECK has an Earnings ESP of +3.63% and it currently sports a Zacks Rank #1. Click to get this free report Wynn Resorts, Limited (WYNN): Get Free Report Cinemark Holdings Inc (CNK): Get Free Report SeaWorld Entertainment, Inc. (SEAS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Get Free Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for Wynn Resorts' revenues in the fourth quarter is pegged at $1.6 billion, suggesting an 8.1% fall from the year-ago quarter's revenues.
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Click to get this free report Wynn Resorts, Limited (WYNN): Get Free Report Cinemark Holdings Inc (CNK): Get Free Report SeaWorld Entertainment, Inc. (SEAS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Get Free Report To read this article on Zacks.com click here. Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is witnessing negative estimate revisions Wynn Resorts, Limited Price and EPS Surprise Wynn Resorts, Limited Price and EPS Surprise | Wynn Resorts, Limited Quote Other Stocks to Consider Here are some companies in the Consumer Discretionary sector, which, according to our model, also have the right combination of elements to come up with an earnings beat this quarter: Deckers Outdoor DECK has an Earnings ESP of +3.63% and it currently sports a Zacks Rank #1. The Zacks Consensus Estimate for Wynn Resorts' revenues in the fourth quarter is pegged at $1.6 billion, suggesting an 8.1% fall from the year-ago quarter's revenues.
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64d4949b-d63b-45a8-9cdf-a25b2c2f5d7d
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724246.0
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2019-01-18 00:00:00 UTC
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Skechers (SKX) in Focus: Stock Moves 6.3% Higher
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DECK
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https://www.nasdaq.com/articles/skechers-skx-in-focus%3A-stock-moves-6.3-higher-2019-01-18
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nan
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nan
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Skechers U.S.A., Inc.SKX was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 17% in the past one-month time frame.
The upside was driven by rumors of a potential buyout of the footwear provider by VF Corp.
The company has seen no estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Skechers currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Skechers U.S.A., Inc. Price
Skechers U.S.A., Inc. Price | Skechers U.S.A., Inc. Quote
A better-ranked stock in the Shoes and Retail Apparel industry is Deckers Outdoor Corporation DECK , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Is SKX going up? Or down? Predict to see what others think: Up or Down
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Deckers Outdoor Corporation (DECK): Get Free Report
Skechers U.S.A., Inc. (SKX): 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.
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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Skechers U.S.A., Inc. Price Skechers U.S.A., Inc. Price | Skechers U.S.A., Inc. Quote A better-ranked stock in the Shoes and Retail Apparel industry is Deckers Outdoor Corporation DECK , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Deckers Outdoor Corporation (DECK): Get Free Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. This continues the recent uptrend for the company as the stock is now up 17% in the past one-month time frame.
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Skechers U.S.A., Inc. Price Skechers U.S.A., Inc. Price | Skechers U.S.A., Inc. Quote A better-ranked stock in the Shoes and Retail Apparel industry is Deckers Outdoor Corporation DECK , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Deckers Outdoor Corporation (DECK): Get Free Report Skechers U.S.A., Inc. (SKX): 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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Skechers U.S.A., Inc. Price Skechers U.S.A., Inc. Price | Skechers U.S.A., Inc. Quote A better-ranked stock in the Shoes and Retail Apparel industry is Deckers Outdoor Corporation DECK , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Deckers Outdoor Corporation (DECK): Get Free Report Skechers U.S.A., Inc. (SKX): 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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Skechers U.S.A., Inc. Price Skechers U.S.A., Inc. Price | Skechers U.S.A., Inc. Quote A better-ranked stock in the Shoes and Retail Apparel industry is Deckers Outdoor Corporation DECK , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Deckers Outdoor Corporation (DECK): Get Free Report Skechers U.S.A., Inc. (SKX): 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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7e86819b-c581-4950-bd8d-f2f6e1e20eeb
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724247.0
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2019-01-14 00:00:00 UTC
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Deckers, United States Steel, Netflix and Roku highlighted as Zacks Bull and Bear of the Day
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DECK
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https://www.nasdaq.com/articles/deckers-united-states-steel-netflix-and-roku-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 - January 14, 2018 - Zacks Equity Research Deckers Outdoor Corporation DECK as the Bull of the Day, United States Steel X asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on Netflix NFLX and Roku ROKU .
Here is a synopsis of all four stocks:
Bull of the Day :
One of the smartest ways to play a market that continues to come off the lows is to look for fundamentally sound companies that have seen positive trends in their earnings outlooks. Indexes will run into spots of technical resistance, but investors are still shopping for deals, and that's when the fundamentals can be handy.
This is why the Zacks Rank is so useful right now. The foundation of this model is the relationship between share prices and earnings estimates. When a stock's earnings estimates are revised higher, that stock tends to move in similarly positive direction over time.
One stock that the Zacks Rank has spotted in recent days is Deckers Outdoor Corporation . The company is a global footwear powerhouse, leading the design, marketing, and distribution of brands such as UGG, Koolaburra, HOKA ONE ONE, Teva and Sanuk.
DECK is holding a Zacks Rank #1 (Strong Buy) and has witnessed positive EPS estimate revisions in the past few weeks. In fact, the Zacks Consensus for its fiscal year ending in March is now two cents higher than it was just last week, and estimates for the following fiscal year have trended up to the same degree.
These positive revisions are making Deckers' near-term growth prospects look even stronger. The company is now expected to finish the current fiscal year with bottom-line growth of 19%, and that is projected to continue to the tune 7% next year. Analysts have the company's revenue growing at 3% and 4%, respectively, in those periods.
This bullishness is really no surprise when we look at Deckers' recent quarterly performances. The company has surpassed EPS estimates in each of the trailing four quarters, beating the Zacks Consensus by an average of 69% over those periods.
Deckers likely owes its current strength to the popularity of its brands. Management has a proven track record of building niche footwear brands into segment leaders, but it can't be understated how on trend its portfolio is right now. UGG has new life among its core demographic, and lines like Teva and Sanuk are really resonating with younger audiences.
Besides its Zacks Rank, DECK is holding a "C" grade in the Value category of our Style Scores system. This is because key valuation metrics are relatively in line with its peers. The stock is trading at about 16.5x earnings, which is right near where similar companies such as Steve Madden (SHOO) are at currently.
In other words, Deckers is not quite undervalued, but it also isn't overpriced. With near-term growth prospects abound and analyst estimates on the uptrend, however, this stock still looks like a good deal.
Moreover, Deckers has a long-term restructuring plan in place for investors that are interested in holding for an extended period of time. This plan has included the realignment of brands in two groups, which should allow it to better focus marketing efforts.
Deckers is also working on a store fleet optimization plan focused on striking the right balance between digital and physical stores. By fiscal 2020, Deckers expects its company-owned fleet of stores to be at about 125, with continued omni-channel e-commerce coming over the same time. The company expects this to boost profitability and shareholder returns.
All in all, it is clear that DECK has plenty to offer investors both in the near-term and in the future.
Bear of the Day :
Markets have looked stronger in recent weeks, but with Q4 earnings season fast approaching, it seems prudent to avoid those stocks that have not been in favor with analysts ahead of their reports. One such company that has been spotted by the Zacks Rank is United States Steel.
U.S. Steel is a major steel producer that manufactures steel sheet and tubular products for the automotive, appliance, container, and construction industries, among others. The stock is currently sporting a Zacks Rank #5 (Strong Sell).
The Zacks Rank model is based on the relationship between share prices and earnings estimates. When a stock's earnings estimates are revised higher, that stock tends to move in similarly positive direction over time. Of course, the inverse is generally true as well.
U.S. Steel has witnessed negative EPS estimate revisions recently, both for its full fiscal year and to-be-reported quarter as well as its upcoming fiscal year. In the past 60 days, the Zacks Consensus Estimate for the company's annual earnings has dropped 54 cents. In that same time, the Zacks Consensus for the quarter U.S. Steel will soon report is down 38 cents.
Moreover, our Most Accurate Estimate-a read on earnings estimates based on recent timeliness-is six cents, or 3%, lower than the consensus. This tells us not only that estimates have trended down in the long-term, but also that the latest analyst estimates have been lower than previous expectations. This is not the trend investors want to see heading into the report later this month. Even if U.S. Steel were to outperform the new consensus, investors should remember that those expectations are muted.
U.S. Steel's struggles have not been a secret recently. The stock is down about 40% over the past six months, vastly underperforming the industry's roughly 23% decline in that time.
One key concern for U.S. Steel is its Flat-Rolled division, which accounts for about 65% of its business. The unit actually posted healthy results in the latest quarter, but the problem is rising expenses in the segment. The company has said it is seeing higher plant-related costs as it accelerates asset revitalization investments and efforts. This could put pressure on earnings in the near-term.
Another big issue over the past year has been softening challenges to cheap steel imports. The White House's original tariffs on steel imports were seen as a huge win for domestic producers, but eventually, concessions were made that excluded a number of countries and left room for others to negotiate exclusions. This could suggest a continued threat from cheaper imported steel.
There might be a value case to be made for the stock, as such a dramatic selloff has brought down its valuation quite a bit. Shares are trading at under 5x earnings, which is a discount to the industry's average of 8x. That said, we typically suggest avoiding value traps that are seeing their earnings estimates decay. If U.S. Steel can outperform, guide higher, and assure investors that things are turning around, then this stance might change.
Netflix Shares Down 20% -- Buy Before Q4 Earnings?
Shares of Netflix jumped nearly 5% through early afternoon trading Friday on the back of two analyst upgrades. The renewed positivity comes roughly a week before the beatdown streaming TV powerhouse is set to release its Q4 earnings results. Despite NFLX's continued post-Christmas Eve climb, Netflix stock rests roughly 20% below its highs, which means now might be the time to buy NFLX on the dip before a possible 2019 comeback.
Upgrades
Raymond James analyst Justin Patterson upgraded Netflix stock from "outperform" to a "strong buy," citing the company's approaching profit inflection, strong content slate, and much more. Patterson also slapped a new $450 a share price tag on NFLX, which implies a 38% upside from its closing price of $324.66 per share Thursday.
UBS also voiced positivity for NFLX stock Thursday, after analyst Eric Sheridan lifted his rating from "neutral" to "buy" and boosted his price target to $410 a share. "With content spend now at a scale of the major media companies and titles continuing to demonstrate outsized marketplace success, we see the moat around NFLX's global positioning widening and its long-term secular winner status remaining intact," Sheridan wrote .
Investors should also note that Goldman Sachs analyst Heath Terry reiterated his buy rating and $400 price target for Netflix stock last week. All of this analyst positivity has contributed to Netflix's 45% surge since Christmas Eve.
In fact, NFLX has destroyed its fellow FAANG powers (Facebook, Apple, Amazon and Google) to start 2019. Still, investors have a chance to scoop up NFLX stock on the dip since its stock hovered at around $340 a share through early afternoon trading Friday, which marked a roughly 20% downturn from its 52-week high of $423.21.
Netflix Overview
Netflix took home more Golden Globes a week ago Sunday, five, than any another other network or streaming service. The firm also ended HBO's17-year run on the top of the Emmy nomination last year. Both of these award show statistics are vital to Netflix's long-term success because in the end, the only thing that will matter in an ever-more crowded streaming space is the company's ability to roll out hit and critically acclaimed shows and movies.
Yet, many investors have grown nervous about Netflix's original content spending, which is set to reach $13 billion in 2018. But CEO Reed Hastings knows that his company has to offer quality and quantity to stand out and attract customers over rival Amazon Prime and others coming to market eventually. With that said, Netflix's new CFO Spencer Neumann must try to strike a balance between spending and returning value to shareholders.
Netflix expects to produce a negative free cash flow of $3 billion in both 2018 and 2019. The company has also recently taken on more long-term debt. Yet the company clearly feels these are necessary moves to grow its subscriber base. "We recognize we are making huge cash investments in content, and we want to assure our investors that we have the same high confidence in the underlying economics as our cash investments in the past," the firm wrote in its Q3 letter to shareholders.
Netflix is currently the largest streaming firm, boasting more users than Prime's "more than 100 million" and Hulu's roughly 25 million total subscribers, which soared 48% this year. Plus, the company expects to add 9.4 million subscribers in Q4 to help bring its worldwide total to 146.5 million-the firm added 8.3 million users in the year-ago period. And despite its growing revenues, subscriber growth might still be the metric Wall Street watches the most.
Q4 Outlook
Looking ahead, our current Zacks Consensus Estimate calls for Netflix's Q4 revenues to jump 28% to reach $4.21 billion. For reference, NFLX's revenues climbed 34% in the third quarter and 40% in both Q1 and Q2. Overall, NFLX's full-year revenues are projected to climb 35% from $11.69 billion in 2017 to hit $15.81 billion in 2018.
Meanwhile, the firm's adjusted Q4 earnings are projected to sink 39% from the year-ago period to hit $0.25 a share. Despite NFLX's expected Q4 earnings decline, the company's full-year 2018 earnings are expected to skyrocket 110.4% to reach $2.63 per share. Plus, peeking ahead to fiscal 2019, Netflix's full-year earnings are projected to soar roughly 55% above our 2018 estimate.
Bottom Line
Netflix has gone on an incredible run over the last five years as it went from content aggregator to original TV and movie standout. Today, the company is a legitimate Hollywood studio that has attracted some of the biggest movie stars on the planet. Plus, the streaming TV market is only set to grow around the world as linear TV fades, just look at some of Roku's early Q4 results (also read: Buy Roku Stock on the Dip After Q4 Streaming Hours Soar? ).
Lastly, investors should ask themselves if they imagine Netflix stock not at least returning to its 2018 high because it still has room to climb 20% before it hits that mark.
Netflix is currently scheduled to release its Q4 financial results on January 17.
More Stock News: This Is Bigger than the iPhone!
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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.
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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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For Immediate Release Chicago, IL - January 14, 2018 - Zacks Equity Research Deckers Outdoor Corporation DECK as the Bull of the Day, United States Steel X asthe Bear of the Day. One stock that the Zacks Rank has spotted in recent days is Deckers Outdoor Corporation . DECK is holding a Zacks Rank #1 (Strong Buy) and has witnessed positive EPS estimate revisions in the past few weeks.
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For Immediate Release Chicago, IL - January 14, 2018 - Zacks Equity Research Deckers Outdoor Corporation DECK as the Bull of the Day, United States Steel X asthe Bear of the Day. DECK is holding a Zacks Rank #1 (Strong Buy) and has witnessed positive EPS estimate revisions in the past few weeks. One stock that the Zacks Rank has spotted in recent days is Deckers Outdoor Corporation .
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When a stock's earnings estimates are revised higher, that stock tends to move in similarly positive direction over time. For Immediate Release Chicago, IL - January 14, 2018 - Zacks Equity Research Deckers Outdoor Corporation DECK as the Bull of the Day, United States Steel X asthe Bear of the Day. One stock that the Zacks Rank has spotted in recent days is Deckers Outdoor Corporation .
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DECK is holding a Zacks Rank #1 (Strong Buy) and has witnessed positive EPS estimate revisions in the past few weeks. For Immediate Release Chicago, IL - January 14, 2018 - Zacks Equity Research Deckers Outdoor Corporation DECK as the Bull of the Day, United States Steel X asthe Bear of the Day. One stock that the Zacks Rank has spotted in recent days is Deckers Outdoor Corporation .
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219b41b8-bbb8-4c04-8b91-515134843b97
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724248.0
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2019-01-10 00:00:00 UTC
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Thursday Sector Laggards: Apparel Stores, Textiles
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https://www.nasdaq.com/articles/thursday-sector-laggards-apparel-stores-textiles-2019-01-10
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In trading on Thursday, apparel stores shares were relative laggards, down on the day by about 3.2%. Helping drag down the group were shares of Express ( EXPR ), down about 9.5% and shares of Chicos FAS ( CHS ) off about 9.1% on the day.
Also lagging the market Thursday are textiles shares, down on the day by about 2.1% as a group, led down by Deckers Outdoor Corporation ( DECK ), trading lower by about 10.3% and Fossil Group ( FOSL ), trading lower by about 9.8%.
VIDEO: Thursday Sector Laggards: Apparel Stores, Textiles
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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Also lagging the market Thursday are textiles shares, down on the day by about 2.1% as a group, led down by Deckers Outdoor Corporation ( DECK ), trading lower by about 10.3% and Fossil Group ( FOSL ), trading lower by about 9.8%. In trading on Thursday, apparel stores shares were relative laggards, down on the day by about 3.2%. VIDEO: Thursday Sector Laggards: Apparel Stores, Textiles 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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Also lagging the market Thursday are textiles shares, down on the day by about 2.1% as a group, led down by Deckers Outdoor Corporation ( DECK ), trading lower by about 10.3% and Fossil Group ( FOSL ), trading lower by about 9.8%. In trading on Thursday, apparel stores shares were relative laggards, down on the day by about 3.2%. VIDEO: Thursday Sector Laggards: Apparel Stores, Textiles 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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Also lagging the market Thursday are textiles shares, down on the day by about 2.1% as a group, led down by Deckers Outdoor Corporation ( DECK ), trading lower by about 10.3% and Fossil Group ( FOSL ), trading lower by about 9.8%. VIDEO: Thursday Sector Laggards: Apparel Stores, Textiles 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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Also lagging the market Thursday are textiles shares, down on the day by about 2.1% as a group, led down by Deckers Outdoor Corporation ( DECK ), trading lower by about 10.3% and Fossil Group ( FOSL ), trading lower by about 9.8%. In trading on Thursday, apparel stores shares were relative laggards, down on the day by about 3.2%. Helping drag down the group were shares of Express ( EXPR ), down about 9.5% and shares of Chicos FAS ( CHS ) off about 9.1% on the day.
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4c8604bc-7b47-4d60-af1c-9549fd3eb299
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724249.0
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2018-12-30 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Motley Fool - 12/30/2018
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-motley-fool-12302018-2018-12-30
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The following are the top rated Consumer Cyclical stocks according to Validea's Small-Cap Growth Investor model based on the published strategy of Motley Fool . This strategy looks for small cap growth stocks with solid fundamentals and strong price performance.
FOX FACTORY HOLDING CORP ( FOXF ) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Motley Fool is 65% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company's products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles. The Company's brands include FOX, FOX RACING SHOX and RACE FACE. The Company's products include 34 Factory Series FLOAT FIT4, which provides external adjustability with its fourth-generation FOX Isolated Technology and closed-cartridge damper, and includes a self-adjusting negative chamber air spring; X2 technology, utilized in its Factory Series FLOAT and DH rear shocks; PODIUM Internal Bypass, and X2 technology utilized in its 2.5 PODIUM shocks for side-by-sides that feature high and low speed rebound adjustment, high and low speed compression adjustment, and a dual-rate spring for the rear shocks.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
LVMH MOET HENNESSY LOUIS VUITTON SE(ADR) ( LVMUY ) is a large-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Motley Fool is 63% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: LVMH Moet Hennessy Louis Vuitton SE is a luxury goods company. Its business activities are divided into various business groups, including Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective retailing and Other activities. The Company has approximately 70 brands and over 3,950 stores around the world. It produces still and sparkling wines from various wine-growing regions, as well as whiskey. The Fashion & Leather Goods business group includes brands, such as Louis Vuitton, Fendi, Donna Karan, Loewe, Marc Jacobs, Celine and Edun. It focuses on the perfumes, make-up and skincare business, and offers a range of brands, including Christian Dior, Guerlain and Kenzo. The Watches & Jewelry sector operates in two segments: high-quality watchmaking, and jewelry and high jewelry. Its Selective Retailing companies operate in Europe, North America, Asia and the Middle East. Its other activities include Les Echos group, Royal Van Lent and Cheval Blanc.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on Motley Fool is 61% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business. The Company sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user consumers both domestically and internationally, through its Websites, call centers and retail stores. The Company markets its products primarily under three brands: UGG, Teva and Sanuk. The Company's other brands include Hoka One One (Hoka), Ahnu and Koolaburra by UGG (Koolaburra). It has a total of over 150 retail stores across the world.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
AUTOZONE, INC. ( AZO ) is a large-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Motley Fool is 59% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AutoZone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of February 10, 2018, the Company operated through 6,088 locations in the United States, Puerto Rico, Mexico and Brazil. The Company's stores carry product lines for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Company's other operating segments include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry, and E-commerce, which includes direct sales to customers through www.autozone.com.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Motley Fool has returned 442.20% vs. 148.47% for the S&P 500. For more details on this strategy, click here
About Motley Fool : Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss. The Gardners are the founders of the popular Motley Fool web site, which offers frank and often irreverent commentary on investing, the stock market, and personal finance. The Gardners' "Fool" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
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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Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. The Gardners' "Fool" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's products include 34 Factory Series FLOAT FIT4, which provides external adjustability with its fourth-generation FOX Isolated Technology and closed-cartridge damper, and includes a self-adjusting negative chamber air spring; X2 technology, utilized in its Factory Series FLOAT and DH rear shocks; PODIUM Internal Bypass, and X2 technology utilized in its 2.5 PODIUM shocks for side-by-sides that feature high and low speed rebound adjustment, high and low speed compression adjustment, and a dual-rate spring for the rear shocks.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's products include 34 Factory Series FLOAT FIT4, which provides external adjustability with its fourth-generation FOX Isolated Technology and closed-cartridge damper, and includes a self-adjusting negative chamber air spring; X2 technology, utilized in its Factory Series FLOAT and DH rear shocks; PODIUM Internal Bypass, and X2 technology utilized in its 2.5 PODIUM shocks for side-by-sides that feature high and low speed rebound adjustment, high and low speed compression adjustment, and a dual-rate spring for the rear shocks.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Its business activities are divided into various business groups, including Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective retailing and Other activities.
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8e7042db-8042-4742-93c5-ac6254f6006e
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724250.0
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2018-12-28 00:00:00 UTC
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Wolverine World Wide, Inc. (WWW) Ex-Dividend Date Scheduled for December 31, 2018
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https://www.nasdaq.com/articles/wolverine-world-wide-inc-www-ex-dividend-date-scheduled-december-31-2018-2018-12-28
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Wolverine World Wide, Inc. ( WWW ) will begin trading ex-dividend on December 31, 2018. A cash dividend payment of $0.08 per share is scheduled to be paid on February 01, 2019. Shareholders who purchased WWW prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that WWW has paid the same dividend. At the current stock price of $32.49, the dividend yield is .98%.
The previous trading day's last sale of WWW was $32.49, representing a -18.31% decrease from the 52 week high of $39.77 and a 16.33% increase over the 52 week low of $27.93.
WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). WWW's current earnings per share, an indicator of a company's profitability, is $1. Zacks Investment Research reports WWW's forecasted earnings growth in 2018 as 31.36%, compared to an industry average of 20.7%.
For more information on the declaration, record and payment dates, visit the WWW Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to WWW through an Exchange Traded Fund [ETF]?
The following ETF(s) have WWW as a top-10 holding:
Invesco S&P SmallCap Consumer Discretionary ETF ( PSCD )
Vanguard S&P Small-Cap 600 Value ETF ( VIOV ).
The top-performing ETF of this group is PSCD with an decrease of -18.98% over the last 100 days. It also has the highest percent weighting of WWW at 3.37%.
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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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Zacks Investment Research reports WWW's forecasted earnings growth in 2018 as 31.36%, compared to an industry average of 20.7%. For more information on the declaration, record and payment dates, visit the WWW 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. WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). WWW's current earnings per share, an indicator of a company's profitability, is $1.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased WWW 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 WWW Dividend History page.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). A cash dividend payment of $0.08 per share is scheduled to be paid on February 01, 2019. WWW's current earnings per share, an indicator of a company's profitability, is $1.
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9000be14-c698-4296-8ca3-e712e60f2710
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724251.0
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2018-12-28 00:00:00 UTC
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J. C. Penney (JCP) Stock Falls Below $1: More Trouble Ahead?
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https://www.nasdaq.com/articles/j.-c.-penney-jcp-stock-falls-below-%241%3A-more-trouble-ahead-2018-12-28
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Shares of J. C. Penney Company, Inc . JCP tumbled 7.5%, closing at a record low of 97 cents per share on Dec 27, giving it the label of a penny stock. Analysts pointed the company's dismal show in the holiday season as one of the reasons behind the stock's bearish run on the bourses. Rising losses, soft revenues and a drab Black Friday for the company have added to the woes. Industry experts cited that the company had a soft start to the festive season, unlike its rivals.
Definitely, unimpressive performance of this department store retailer during the third quarter of fiscal 2018 has also hurt investors' sentiments. The company reported a loss and year-over-year decline in the top line. Further, the company's margins slid, thanks to inventory liquidation. Also, comparable sales (comps) during the quarter went down 5.4% and is projected to decline further in fiscal 2018.
Moving on, J. C. Penney's leadership status has been in the doldrums for quite some time. However, with the appointment of Jill Soltau as its new CEO, the company has undertaken initiatives such as brand makeover, enhancement of omni-channel capabilities and strategic partnerships as part of its turnaround efforts.
Earlier, the company changed its logo, store designs, advertisements and pricing model to attract consumers. But these strategies failed to deliver desired results. Moreover, critics have been constantly warning investors about J. C. Penney's fate going in the same direction as that of Sears Holdings, which filed for bankruptcy.
Apart from these, the company has long-term debt of $4 billion that has marred its operational performance over the last few quarters. Also, J. C. Penney is not generating enough free cash flow to repay the same.
However, management is making efforts to get back on the growth trajectory. In this regard, management plans to right size inventory levels and shut down stores that will enable the company to focus on core brands and categories that fetch profitable sales. J. C. Penney has introduced a new value proposition, "Get Your Penney`s Worth," under which selected items of private brands are available for just a penny.
The company is also taking initiatives to boost sales with special size offerings. In this regard, J. C. Penney unveiled Shaquille O`Neal XLG brand, especially designed for big & tall customers. It also launched fashion tween brand, Obsess, and redesigned Okie Dokie children's private brand.
Further, the company has collaborated with Fanatics, Inc. to launch Fanatics shops to attract sports fans with the newest and popular team apparel inside their local J. C. Penney store. Its in-store Sephora departments continue to outperform by drawing more customers.
Although the company's women's apparel, beauty and jewelry categories have gained traction, we still believe it needs to work more on bringing trendy apparel to lure customers in the near future. As of now, J. C. Penney's future appears bleak as it struggles to make things work.
Meanwhile, shares of this Zacks Rank #3 (Hold) company has lost 58.5% in the past six months, underperforming the industry 's decline of 18%. Further, the Zacks Consensus Estimate for fourth-quarter fiscal 2018 earnings have moved south in the past 60 days from 33 cents to 19 cents.
The Zacks Consensus Estimate for fiscal 2018 has gone down to -93 cents from -84 cents. This indicates exceedingly bearish analyst sentiment, reflected by five downward estimate revisions versus none upward in the same time frame.
3 Retail Stocks to Bank On
Boot Barn Holdings, Inc. BOOT has long-term earnings growth rate of 23% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy).
Burberry Group PLC BURBY has long-term earnings growth rate of 23% and a Zacks Rank #2.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker 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
Burberry Group PLC (BURBY): Free Stock Analysis Report
J. C. Penney Company, Inc. (JCP): Free Stock Analysis Report
Boot Barn Holdings, Inc. (BOOT): 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.
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 long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report J. C. Penney Company, Inc. (JCP): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. However, with the appointment of Jill Soltau as its new CEO, the company has undertaken initiatives such as brand makeover, enhancement of omni-channel capabilities and strategic partnerships as part of its turnaround efforts.
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Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report J. C. Penney Company, Inc. (JCP): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Burberry Group PLC BURBY has long-term earnings growth rate of 23% and a Zacks Rank #2.
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Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report J. C. Penney Company, Inc. (JCP): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Meanwhile, shares of this Zacks Rank #3 (Hold) company has lost 58.5% in the past six months, underperforming the industry 's decline of 18%.
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Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report J. C. Penney Company, Inc. (JCP): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Also, comparable sales (comps) during the quarter went down 5.4% and is projected to decline further in fiscal 2018.
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ecf6d1a3-1083-4b7b-b0c9-d5c8b9dd0903
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724252.0
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2018-12-27 00:00:00 UTC
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Here's Why Investors Should Avoid Big Lots Stock for Now
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DECK
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https://www.nasdaq.com/articles/heres-why-investors-should-avoid-big-lots-stock-for-now-2018-12-27
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nan
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nan
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Big Lots, Inc . BIG stock has been losing sheen lately. A look at the company's price performance reveals that the stock has witnessed an unimpressive run on the bourses in the past six months. Shares of this Zacks Rank #5 (Strong Sell) company slumped 32.5% in the said time frame, underperforming the industry 's decline 9.8%.
Further, the Zacks Consensus Estimate for fourth-quarter fiscal 2018 earnings have moved south by 62 cents in a month to $2.31. This indicates exceedingly bearish analyst sentiment as reflected by five downward estimate revisions versus none upward over the past 30 days. Also, the Zacks Consensus Estimate for fiscal 2018 and 2019 has gone down by 79 cents and $1.09 to $3.66 and $3.67, respectively.
What's Hurting the Stock?
Big Lots seems to be grappling with dismal margins for the last two quarters. The company witnessed gross margin contraction of 10 basis points (bps) to 39.9% in the third quarter, owing to high seasonal markdown rate and elevated costs from higher tariff. Prior to this, the company's gross margin rate declined 20 bps in the fiscal second quarter. Going ahead, Big Lots expects gross margin to decline in the fiscal fourth quarter.
Moreover, the company's sluggish bottom-line surprise trend, which continued in third-quarter fiscal 2018, remains a concern. The company's adjusted loss per share in the third quarter marked its third consecutive bottom-line miss. Results were affected by soft gross margin and higher SG&A expenses, which led to reporting an operating loss in the quarter.
Additionally, a soft view for the fourth quarter and fiscal 2018 is discouraging. Management expects earnings of $2.20-$2.40 per share in the fiscal fourth quarter, down from the previous guidance of $2.90-$3.00. Comps are likely to be flat to up 2%. For fiscal 2018, adjusted earnings per share is projected to be $3.55-$3.75 compared with the prior guidance of $4.40-$4.55. Also, the company expects cash flow generation of nearly $10-$20 million, which is significantly lower than $100 million anticipated earlier.
Bottom Line
Despite such downsides, the company is making efforts to improve performance. Additionally, Big Lots is focussing on Store of the Future initiative and the e-commerce business. However, it will take time for these strategies to reap benefits.
3 Retail Stocks to Bank On
Boot Barn Holdings, Inc. BOOT has long-term earnings growth rate of 23% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor Corporation DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy).
Burberry Group PLC BURBY has long-term earnings growth rate of 23% and a Zacks Rank #2.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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
Burberry Group PLC (BURBY): Free Stock Analysis Report
Big Lots, Inc. (BIG): 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.
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 has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Big Lots, Inc. (BIG): 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. This indicates exceedingly bearish analyst sentiment as reflected by five downward estimate revisions versus none upward over the past 30 days.
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Deckers Outdoor Corporation DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Big Lots, Inc. (BIG): 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. Burberry Group PLC BURBY has long-term earnings growth rate of 23% and a Zacks Rank #2.
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Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Big Lots, Inc. (BIG): 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. Deckers Outdoor Corporation DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Prior to this, the company's gross margin rate declined 20 bps in the fiscal second quarter.
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Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Big Lots, Inc. (BIG): 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. Deckers Outdoor Corporation DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). What's Hurting the Stock?
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f219b695-b44c-404d-bed9-620e81ee1f97
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724253.0
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2018-12-26 00:00:00 UTC
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Here's Why Deckers (DECK) is a Hot Investment Pick for 2019
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DECK
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https://www.nasdaq.com/articles/heres-why-deckers-deck-is-a-hot-investment-pick-for-2019-2018-12-26
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nan
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nan
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The U.S.-China trade war, government shutdown worries, tightening of monetary policy and adverse currency fluctuations acted as dampeners for investors in this year. In such a scenario, you may be looking for promising bets. Here, we are presenting one such stock - Deckers Outdoor CorporationDECK - which is most likely to sustain its momentum in 2019 as well.
Deckers share price movement reveals that it has surged roughly 49% so far this year. This Zacks Rank #1 (Strong Buy) stock not only outperformed the industry 's growth of 3% but also surpassed the Zacks Consumer Discretionary sector that fell 17.6%.
The company has been focusing on expanding brand assortments, introducing more innovative line of products, and targeting consumers digitally through marketing and sturdy e-commerce along with optimizing omni-channel distribution. In the trailing four quarters, it delivered average positive earnings surprise of 69.1%. Further, the company has a long-term earnings growth rate of 11.3%, which reflects its inherent strength.
Deckers made substantial investments to strengthen online presence and open smaller concept omni-channel outlets in a bid to keep up with the changing trends. This apart, the company's focus on expanding programs - including Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect to enhance customers' shopping experience - is encouraging. The company is also making additions to its portfolio as well.
Certainly, the company is on track with its endeavors to drive long-term growth. Its store-fleet optimization plan emphasizes striking the right balance between digital and physical stores. These actions are likely to boost profitability and shareholder returns as well as enhance brand and store performances. Clearly, Deckers is likely to continue with its stellar show in the upcoming quarters, which is quite evident from management's encouraging outlook.
For fiscal 2019, management anticipates net sales of $1,935-$1,960 million, up from $1,930-$1,955 million mentioned previously. Adjusted earnings are projected to be $6.65-$6.85 per share, which portray an improvement from $5.74 reported in fiscal 2018. The company earlier forecasted adjusted earnings of $6.25-$6.45 per share. Further, gross margin for the fiscal year is anticipated to be about 50%, with operating margin of 13-13.2%.
Clearly, you can see from the above-mentioned factors that there are plenty of reasons to be optimistic about the stock going into 2019.
Here are 3 More Trending Stocks
Fossil Group, Inc. FOSL outperformed the Zacks Consensus Estimate by a wide margin in the trailing four quarters. It currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Shoe Carnival, Inc. SCVL delivered average positive earnings surprise of 31.4% in the trailing four quarters. It currently flaunts a Zacks Rank #1.
Canada Goose Holdings Inc. GOOS delivered average positive earnings surprise of 83.2% in the trailing four quarters. It has a long-term earnings growth rate of 31.3% and a Zacks Rank #2 (Buy).
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them 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
Fossil Group, Inc. (FOSL): Free Stock Analysis Report
Shoe Carnival, Inc. (SCVL): Free Stock Analysis Report
Canada Goose Holdings Inc. (GOOS): 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.
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 made substantial investments to strengthen online presence and open smaller concept omni-channel outlets in a bid to keep up with the changing trends. Here, we are presenting one such stock - Deckers Outdoor CorporationDECK - which is most likely to sustain its momentum in 2019 as well. Deckers share price movement reveals that it has surged roughly 49% so far this year.
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Click to get this free report Fossil Group, Inc. (FOSL): Free Stock Analysis Report Shoe Carnival, Inc. (SCVL): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Here, we are presenting one such stock - Deckers Outdoor CorporationDECK - which is most likely to sustain its momentum in 2019 as well. Deckers share price movement reveals that it has surged roughly 49% so far this year.
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Click to get this free report Fossil Group, Inc. (FOSL): Free Stock Analysis Report Shoe Carnival, Inc. (SCVL): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Here, we are presenting one such stock - Deckers Outdoor CorporationDECK - which is most likely to sustain its momentum in 2019 as well. Deckers share price movement reveals that it has surged roughly 49% so far this year.
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Here, we are presenting one such stock - Deckers Outdoor CorporationDECK - which is most likely to sustain its momentum in 2019 as well. Deckers share price movement reveals that it has surged roughly 49% so far this year. Deckers made substantial investments to strengthen online presence and open smaller concept omni-channel outlets in a bid to keep up with the changing trends.
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f209e2bd-86b9-4c65-baaa-f32c4b85d7d8
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724254.0
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2018-12-21 00:00:00 UTC
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NIKE (NKE) Stock Up on Q2 Earnings & Revenue Beat
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DECK
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https://www.nasdaq.com/articles/nike-nke-stock-up-on-q2-earnings-revenue-beat-2018-12-21
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nan
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nan
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NIKE Inc.NKE delivered stellar second-quarter fiscal 2019 results, wherein earnings and sales surpassed the respective estimates. The quarter also reflected double-digit revenue growth backed by solid execution of Consumer Direct Offense. This, in turn, led to growth across all regions and provided a boost to the Wholesale and NIKE Direct businesses. Further, management issued guidance for the third quarter and updated its fiscal 2019 view.
Notably, shares of NIKE advanced 7.9% in after-hours trading yesterday. Year to date, this Zacks Rank #3 (Hold) stock has gained 9.2% compared with the industry 's 3.7% growth.
Earnings & Revenues
In the reported quarter, this athletic apparel, footwear and accessory retailer's earnings of 52 cents per share rose 13% year over year and surpassed the Zacks Consensus Estimate of 45 cents. With this, the company marked its 26th straight earnings beat. Solid sales growth, improved gross margin and reduced average share count aided the bottom line. However, the metric was somewhat offset by higher selling and administrative expenses, and tax rate.
Revenues of the Swoosh brand owner increased 10% to $9,374 million, which exceeded the Zacks Consensus Estimate of $9,158 million. This outperformance was primarily driven by the company's solid execution of the Consumer Direct Offense globally along with revenue growth (in constant currency) of 20% at international locations and 9% in North America. Additionally, continued strength in NIKE Digital, which delivered 41% growth, provided a boost to the top line. The metric grew 14% on a currency-neutral basis.
NIKE, Inc. Price, Consensus and EPS Surprise
NIKE, Inc. Price, Consensus and EPS Surprise | NIKE, Inc. Quote
Operating Segments
Revenues for the NIKE Brand increased 10% to $8,946 million, while constant-dollar revenues for the brand were up 14%. Results gained from continued growth in NIKE Direct and all geographic regions. Also, strength in nearly all major categories led by Sportswear alongside double-digit improvement in footwear and apparel globally fueled the top line. Specifically, the international business witnessed strong revenue growth, with 31% increase (currency-neutral) in Greater China.
Within the NIKE Brand, revenues grew 9% in North America (both on reported and currency-neutral basis) owing to solid growth across both footwear and apparel. This uptick was driven by new innovative platforms, and strong owned and partnered Digital growth. Further, the company's wholesale business returned to growth while the Jordan brand is picking momentum.
NIKE Direct saw growth in high-single digits, whereas NIKE Digital increased more than 30% in North America.
In EMEA , the company's revenues increased 8% (14% on a currency-neutral basis) backed by strength in sportswear, running, training and Jordan. Further, NIKE Digital reported double-digit growth.
In Greater China , NIKE continues to deliver sustained growth, having delivered 18 straight quarters of double-digit growth in the region. Revenues grew 26% year over year, up 31% on a currency-neutral basis. Results were aided by balanced growth across both footwear and apparel in China. Further, digital growth accelerated in the fiscal second quarter, courtesy of the company's partnerships with China's leading digital platforms - Tmall and WeChat.
In APLA , the company witnessed 2% revenue growth (up 15% on a currency-neutral basis). Balanced double-digit growth in footwear and apparel besides robust momentum in sportswear Jordan and NIKE basketball provided a boost to the top line. Further, the company delivered strong digital growth in the region, which represented the highest rate of increase across all geographies. Sales for NIKE Digital grew more than 75% in the reported quarter.
Further, revenues at the Converse brand advanced 4% to $425 million, primarily owing to gains in Asia and digital growth. On a currency-neutral basis, the metric increased 6%.
Costs & Margins
Gross profit improved 12% to $4,105 million, while gross margin expanded 80 basis points (bps) to 43.8%. The expansion was mainly driven by an increase in average selling prices and margin growth at NIKE Direct, partly negated by escalated product costs.
Selling and administrative expenses rose 14% to $3,142 million on account of higher operating overheads and demand creation expenses. Notably, demand creation expenses increased 4% year over year to $910 million due to increased advertising and marketing costs, with higher cost of investments toward digital platforms. Operating overheads rose 18%, mainly owing to wage-related costs, reflecting investments toward the Consumer Direct Offense. Moreover, as a percentage of sales, SG&A expenses grew 110 bps to 33.5%.
Balance Sheet & Shareholder-Friendly Moves
NIKE ended the fiscal second quarter with cash and short-term investments of $4,041 million, long-term debt (excluding current maturities) of $3,466 million and shareholders' equity of $8,729 million. As of Nov 30, 2018, inventories inched up 1% to $5,388 million.
In the fiscal second quarter, NIKE bought back 16.1 million shares for $1.3 billion under its four-year $12-billion program that was approved in November 2015. As of Nov 30, the company's total repurchases under the program amounted to 183.3 million shares for roughly $11.3 billion.
The company also authorized a new four-year $15-billion share-repurchase program in June this year, which will commence when the existing program is completed. NIKE expects the current program to be completed within fiscal 2019.
Outlook
NIKE's management remains encouraged by solid first-half fiscal 2019. However, the company remains concerned about rising volatility and uncertainty on a macro level. Nevertheless, the company's solid execution of the Consumer Direct Offense has been consistently aiding its performance. Going forward, this momentum is expected to consistently drive sustainable growth and boost shareholders' value.
For fiscal 2019, the company projects revenue growth in the high-single-digit range in constant currency, thus approaching toward low-double digits. Depending on the existing foreign exchange rates, revenues are anticipated to grow more than 3 points lower than our currency neutral revenue growth or at the lower end of the high single-digit range.
The company expects gross margin expansion of 70 bps for the fiscal year, up from 50 bps guided earlier. Further, it expects SG&A expenses to increase in a high-single-digit and effective tax rate in the mid-teen range. Other expenses, net of interest expenses, are now anticipated between $50 million and $75 million for fiscal 2019 compared with $100-$125 million of expenses guided earlier.
For third-quarter fiscal 2019, the company expects robust currency-neutral revenue growth in high-single-digits. However, taking into account the FX scenario, it expects reported revenues to be about 4 points lower than the anticipated currency-neutral revenue growth.
Gross margin for the fiscal third quarter is expected to be on par with the fiscal 2019 expansion. Moreover, SG&A expenses are expected to increase in the low double-digit range, driven by strategic investments. Other expenses, net of interest expense, are likely to be $30-$40 million of expenses.
Better-Ranked Stocks in the Consumer Discretionary Space
Rocky Brands, Inc. RCKY delivered average positive earnings surprise of 53.3% in the trailing four quarters. Also, it sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Ralph Lauren Corporation RL outpaced the earnings estimates in each of the last four quarters by an average of 7%. Further, the company currently carries a Zacks Rank #2 (Buy).
Deckers Outdoor Corporation DECK is also a Zacks Ranked #2 stock, which has an expected long-term earnings growth rate of 11.3%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
NIKE, Inc. (NKE): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Ralph Lauren Corporation (RL): 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.
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 also a Zacks Ranked #2 stock, which has an expected long-term earnings growth rate of 11.3%. Click to get this free report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. This outperformance was primarily driven by the company's solid execution of the Consumer Direct Offense globally along with revenue growth (in constant currency) of 20% at international locations and 9% in North America.
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Click to get this free report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is also a Zacks Ranked #2 stock, which has an expected long-term earnings growth rate of 11.3%. Earnings & Revenues In the reported quarter, this athletic apparel, footwear and accessory retailer's earnings of 52 cents per share rose 13% year over year and surpassed the Zacks Consensus Estimate of 45 cents.
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Click to get this free report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK is also a Zacks Ranked #2 stock, which has an expected long-term earnings growth rate of 11.3%. NIKE, Inc. Price, Consensus and EPS Surprise NIKE, Inc. Price, Consensus and EPS Surprise | NIKE, Inc. Quote Operating Segments Revenues for the NIKE Brand increased 10% to $8,946 million, while constant-dollar revenues for the brand were up 14%.
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Deckers Outdoor Corporation DECK is also a Zacks Ranked #2 stock, which has an expected long-term earnings growth rate of 11.3%. Click to get this free report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. Within the NIKE Brand, revenues grew 9% in North America (both on reported and currency-neutral basis) owing to solid growth across both footwear and apparel.
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4c47a9c3-5ba7-4243-912b-307a259013d2
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724255.0
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2018-12-20 00:00:00 UTC
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Caleres, Inc. (CAL) Ex-Dividend Date Scheduled for December 21, 2018
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DECK
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https://www.nasdaq.com/articles/caleres-inc-cal-ex-dividend-date-scheduled-december-21-2018-2018-12-20
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nan
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nan
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Caleres, Inc. ( CAL ) will begin trading ex-dividend on December 21, 2018. A cash dividend payment of $0.07 per share is scheduled to be paid on January 09, 2019. Shareholders who purchased CAL prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 17th quarter that CAL has paid the same dividend. At the current stock price of $28.33, the dividend yield is .99%.
The previous trading day's last sale of CAL was $28.33, representing a -31.05% decrease from the 52 week high of $41.09 and a 4.54% increase over the 52 week low of $27.10.
CAL is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). CAL's current earnings per share, an indicator of a company's profitability, is $2.09. Zacks Investment Research reports CAL's forecasted earnings growth in 2019 as 6.48%, compared to an industry average of 20.8%.
For more information on the declaration, record and payment dates, visit the CAL 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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CAL is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Zacks Investment Research reports CAL's forecasted earnings growth in 2019 as 6.48%, compared to an industry average of 20.8%. For more information on the declaration, record and payment dates, visit the CAL 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. CAL is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). CAL's current earnings per share, an indicator of a company's profitability, is $2.09.
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CAL is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased CAL prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 17th quarter that CAL has paid the same dividend.
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CAL is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). A cash dividend payment of $0.07 per share is scheduled to be paid on January 09, 2019. Shareholders who purchased CAL prior to the ex-dividend date are eligible for the cash dividend payment.
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099768d8-7034-4d43-b058-1142cbc7ed6a
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724256.0
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2018-12-19 00:00:00 UTC
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Can Signet's (SIG) Savings Plans Help Keep Costs in Check?
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DECK
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https://www.nasdaq.com/articles/can-signets-sig-savings-plans-help-keep-costs-in-check-2018-12-19
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nan
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nan
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Signet Jewelers LimitedSIG is progressing well with its Path to Brilliance plan. Further, the company is making efforts to enhance its digital capabilities. Also, Signet has been delivering solid top-line performance for a while now, backed by its strong position in the jewelry market and well-chalked strategies.
However, the company grapples with high costs and weakness in its International unit. These factors, weighing on the company's third-quarter performance, have marred investors' optimism in the stock. We note that shares of the company have slumped 53.2% in the past three months compared with the industry 's decline of 38.6%.
Strategies to Boost Performance Bode Well
Signet's Path to Brilliance plan, which was announced in March 2018, has been designed to augment cost savings, engage in customer-centric growth and bolster e-commerce. Additionally, the company is on track with differentiating its banners and launching new collections.
Notably, the most vital aspect of this three-year plan is cost containment. A portion of the cost savings will be invested in the development of e-commerce and omnichannel capabilities along with product innovation. Under the plan, management expects to generate $200-$225 million of net cost savings over the next three fiscals, with pre-tax charges expected to be $170-$190 million. For fiscal 2019, the company anticipates net cost savings of $85-$100 million, with the rest coming in by the end of the program.
Further, the company is also making efforts in the e-commerce space. Through the acquisition of R2Net (in September 2017), which owns popular online jewelry retailers like JamesAllen.com and Segoma Imaging Technologies, Signet has been able to combine the retail jewelry business with R2Net's solid digital operations. Going ahead, management plans to utilize the digital innovation capabilities of R2Net to come up with innovative offerings. This move is in sync with Signet's omnichannel transformation.
Moreover, the company's e-commerce platform has been performing well. In the third quarter of fiscal 2019, e-commerce sales including James Allen came in at $125 million, up 54.9% on a year-over-year basis. E-commerce sales accounted for almost 10.5% of total sales. Prior to this, in the second quarter, e-commerce sales were almost 10.8% of the total sales. Going ahead, the company plans to continue strengthening its footprint in the e-commerce arena with improved features and experiences. Signet strives to generate 15% of total sales from its digital platform in fiscal 2021. Also, encouraged by the sturdy mobile traffic witnessed lately, management intends to make more investments in this area.
Will Strategic Efforts Offset Hurdles?
Signet has been grappling with higher labor and advertising costs that have been raising SG&A expense levels for a while now. Moreover, such costs combined with negative impacts stemming from credit outsourcing led to an operating loss in the third quarter. Also, the company is witnessing soft performance in its International unit since the past two quarters, due to lower sales of diamond jewelry and fashion watches.
While persistence of such headwinds is a viable threat to the company's performance, we expect robust savings efforts and other well-chalked strategic endeavours to provide cushion and help the stock revive in the forthcoming periods.
3 Retail Stocks to Bank Upon
Boot Barn Holdings, Inc. BOOT has long-term earnings growth rate of 23% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor Corporation DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy).
Burberry Group PLC BURBY has long-term earnings growth rate of 23% and a Zacks Rank #2.
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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
Burberry Group PLC (BURBY): Free Stock Analysis Report
Signet Jewelers Limited (SIG): 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.
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 has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Signet Jewelers Limited (SIG): 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. Strategies to Boost Performance Bode Well Signet's Path to Brilliance plan, which was announced in March 2018, has been designed to augment cost savings, engage in customer-centric growth and bolster e-commerce.
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Deckers Outdoor Corporation DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Signet Jewelers Limited (SIG): 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. Burberry Group PLC BURBY has long-term earnings growth rate of 23% and a Zacks Rank #2.
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Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Signet Jewelers Limited (SIG): 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. Deckers Outdoor Corporation DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Strategies to Boost Performance Bode Well Signet's Path to Brilliance plan, which was announced in March 2018, has been designed to augment cost savings, engage in customer-centric growth and bolster e-commerce.
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Deckers Outdoor Corporation DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Signet Jewelers Limited (SIG): 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. Further, the company is making efforts to enhance its digital capabilities.
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ad14ba4b-fe8a-4a12-843b-e1e69c0a646a
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724257.0
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2018-12-18 00:00:00 UTC
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Burlington Stores' Business Model & Sturdy Comps Bode Well
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DECK
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https://www.nasdaq.com/articles/burlington-stores-business-model-sturdy-comps-bode-well-2018-12-18
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nan
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nan
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Burlington Stores, Inc. 's BURL strong comparable sales (comps) performance, robust margins, store expansion plans and other long-term strategies bode well. Backed by such upsides, the company delivered better-than-expected top and bottom lines for the fourth straight time when it reported third-quarter fiscal 2018 results. However, higher freight costs and stiff competition are concerns.
A Sneak Peek
Burlington has made multiple changes to its business model to adapt to the ongoing changes in the industry. The company, which started business as a coat-focused off-price retailer, is now focusing on "open to buy" off-price model. The current model is helping customers to get nationally branded, fashionable, high quality and right-priced products. Further, over the years, the company has increased vendor counts, made technological advancements, initiated better marketing approach and focused on localized assortments.
Moreover, the company's solid top-line performance also bodes well. The company's revenues have outpaced the estimates in nine out of the 11 trailing quarters. In the third quarter of fiscal 2018, the top line improved 13.7%, following an increase of 9.9% in the preceding quarter. We note that comps rose 4.4% in the reported quarter, following an increase of 2.9% in the preceding quarter. Management projects comps growth of 3.4-3.7% for fiscal 2018. Also, it expects total sales to increase 10.9-11.2%. For the fourth quarter, sales are expected to increase 8-9% with comps growth of 2-3%.
The company witnessed margin improvement, driven by its efforts toward managing inventory along with effective cost management and higher merchandise margins. Gross margin increased about 20 basis points during the third quarter of fiscal 2018, following an expansion of 70 basis points in the preceding quarter. Adjusted operating margin grew 80 basis points on account sturdy sales, leverage on fixed expenses, effective cost management and higher merchandise margins.
Notably, shares of this Zacks Rank #3 (Hold) stock rallied 33.8% in the past year, significantly outperforming the industry 's growth of 7.5%.
3 Retail Stocks to Bank Upon
Boot Barn Holdings, Inc. BOOT has long-term earnings growth rate of 23% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Burberry Group PLC BURBY has long-term earnings growth rate of 23% and a Zacks Rank #1.
Deckers Outdoor Corporation DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy).
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today 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
Burberry Group PLC (BURBY): Free Stock Analysis Report
Burlington Stores, Inc. (BURL): Free Stock Analysis Report
Boot Barn Holdings, Inc. (BOOT): 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.
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 has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Backed by such upsides, the company delivered better-than-expected top and bottom lines for the fourth straight time when it reported third-quarter fiscal 2018 results.
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Deckers Outdoor Corporation DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Burlington Stores, Inc. 's BURL strong comparable sales (comps) performance, robust margins, store expansion plans and other long-term strategies bode well.
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Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): 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 has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). The company witnessed margin improvement, driven by its efforts toward managing inventory along with effective cost management and higher merchandise margins.
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Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): 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 has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). For the fourth quarter, sales are expected to increase 8-9% with comps growth of 2-3%.
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9b05fc44-22cf-48c3-896c-ec9a6e4b3df3
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724258.0
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2018-12-18 00:00:00 UTC
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Will Skechers' Growth Endeavors Help Revive Stock in 2019?
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DECK
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https://www.nasdaq.com/articles/will-skechers-growth-endeavors-help-revive-stock-in-2019-2018-12-18
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nan
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nan
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Skechers U.S.A., Inc .'s SKX greater emphasis on new line of products, cost containment efforts, inventory management and global distribution platform bode well. This aided the company to reverse the preceding quarter's earnings miss with a beat in the third quarter of 2018. Management also provided an upbeat view for the final quarter, despite the year-over-year earnings decline and top-line miss. The sluggish domestic wholesale business performance was compensated by double-digit increase in both international wholesale and global company-owned retail businesses.
Skechers' domestic e-commerce business also continues to gain traction. Its domestic e-commerce business registered an increase of 15% during the third quarter of 2018. It currently operates e-commerce sites in Chile, Germany, the U.K., Spain and Canada. We also note that global company-owned retail business sales grew 10.6% on 1.9% comparable sales (comps) growth.
Skechers continues to offer a diversified portfolio of brands that includes a wide range of fashion, athletic, non-athletic and work footwear at compelling prices. We believe that this multi-brand strategy enables the company to roll out new products without cannibalizing its existing brands and expand the targeted demographic profile of customers. Management pointed that Skechers D'Lites is fast gaining traction with sturdy demand in North America and Europe, after gaining grounds in Asia. The brand is also set for growth in South America, India and the Middle East.
Also, Skechers' international business is a considerable sales growth driver for the company with Europe and China being significant markets outside the United States. The company is poised to enhance its global reach in the footwear market through its distribution networks, subsidiaries and joint ventures (JVs).
Skechers' international wholesale business revenues, which constituted 45.2% of total sales, advanced 11.8% on the back of 22.9% increase in JV business and 11.6% growth in distributor business during the third quarter. Management expects its international distributor business to increase high-single digits, while international subsidiary and JV business to improve double digits during in the final quarter.
Wrapping Up
We believe that the aforementioned endeavors may help revive the stock in 2019. Shares of this Zacks Rank #3 (Hold) company have not only declined but also underperformed the industry in the past six months. It has plunged 22.7% in the same time frame compared with the industry's decline of 8.2%. Certainly, higher SG&A expenses and sluggish domestic wholesale business performance are major concerns for now.
3 Retail Stocks to Bank On
Boot Barn Holdings, Inc. BOOT has long-term earnings growth rate of 23% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Burberry Group PLC BURBY has long-term earnings growth rate of 23% and a Zacks Rank #1.
Deckers Outdoor Corporation DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy).
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today 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
Burberry Group PLC (BURBY): Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
Boot Barn Holdings, Inc. (BOOT): 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.
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 has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. 's SKX greater emphasis on new line of products, cost containment efforts, inventory management and global distribution platform bode well.
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Deckers Outdoor Corporation DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Burberry Group PLC BURBY has long-term earnings growth rate of 23% and a Zacks Rank #1.
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Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): 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 has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Skechers' international wholesale business revenues, which constituted 45.2% of total sales, advanced 11.8% on the back of 22.9% increase in JV business and 11.6% growth in distributor business during the third quarter.
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Deckers Outdoor Corporation DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Burberry Group PLC (BURBY): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Skechers' domestic e-commerce business also continues to gain traction.
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388428f1-8a8b-4b85-9d43-a29d7af89366
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724259.0
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2018-12-17 00:00:00 UTC
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NIKE's (NKE) North America Business to Drive Earnings in Q2
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DECK
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https://www.nasdaq.com/articles/nikes-nke-north-america-business-to-drive-earnings-in-q2-2018-12-17
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nan
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nan
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NIKE Inc.NKE is about to report second-quarter fiscal 2019 results on Dec 20. The company witnessed continued momentum in its North America division, after a comeback in fourth-quarter fiscal 2018. This segment, which is the company's largest market, should contribute meaningfully to the upcoming results.
Notably, the NIKE stock has surged 16% year to date, outperforming the industry 's 9.4% growth.
North America Division's Q1 Performance
Revenues for NIKE's North America business, which returned to healthy and sustainable growth, improved 6% in first-quarter fiscal 2019. This was backed by solid growth across both footwear and apparel, fueled by new innovative platforms, and strong growth at both owned and partnered digital channels. Notably, NIKE Digital grew double digits in North America, contributing primarily to growth. The company's locations, which leveraged digital connections with customers, drove most of growth in North America.
Outlook for North America
NIKE expects the momentum witnessed in North America to continue throughout fiscal 2019 and beyond. The company continues to target mid-single-digit revenue growth in North America in the next five years.
Additionally, the company is on track to return the Jordan brand to growth in fiscal 2019. After tightened supply in the second half of fiscal 2018 for the Jordan brand, the company is focused on bolstering its iconic styles. Additionally, it is extending dimensions of the brand by expanding sizes and making collaborations, mostly for women. Additionally, apparel and performance basketball represent significant growth opportunities.
Furthermore, NIKE is working to further amplify its wholesale business in North America, which returned to growth in the fiscal first quarter. The company sees immense opportunity here by creating a differentiated experience by leveraging the learnings from the NIKE app at retail and NIKE by Melrose.
For North America, the Zacks Consensus Estimate for revenues in the fiscal second quarter is pegged at $3,688 million, which reflects growth of 5.8% year over year.
Overall Business Trends
Apart from the trend reversal in North America, NIKE owes its robust surprise history to continued growth at international and NIKE Direct businesses, as well as strong progress on Consumer Direct Offense through innovation. Notably, the company has delivered positive earnings for over three years now, with first-quarter fiscal 2019 marking the 25th straight quarter of earnings beat. Moreover, sales topped estimates for the sixth straight quarter. Furthermore, the company continues to gain from robust growth and innovation efforts alongside its strategy of acquiring sponsorships for various sporting events across the globe.
In the fiscal fourth quarter, the company's overall revenues increased 10%, up 9% on a currency-neutral basis. Apart from the return to growth in North America, this included double-digit growth at international locations. Solid momentum in high performing categories, including Sportswear, and a 36% spike in NIKE Digital were other contributors.
Overall Earnings & Sales Expectations
Driven by solid business momentum and improving graph in North America, NIKE outlined its revenue guidance for fiscal 2019. Though the company maintained revenue growth guidance in the high-single-digit range, it anticipates results to come at the lower end of this range. For second-quarter fiscal 2019, it expects revenue growth of 9%, in line with the fiscal first quarter.
The Zacks Consensus Estimate for revenues is $9,158 million, reflecting an increase of 7.1% from the year-ago quarter. However, the Zacks Consensus Estimate for earnings is pegged at 45 cents, reflecting decline of 2.2% year over year.
However, the global trade uncertainty and geopolitical dynamics led to the strengthening of the U.S. dollar in the last 90 days. This turned foreign exchange into a headwind for the company. Taking into account the FX scenario, the company expects reported revenues to be 2-3 points lower than the anticipated currency-neutral revenue growth.
Further, higher SG&A expenses remain a concern for this Zacks Rank #3 (Hold) company. For fiscal 2019, it expects SG&A expenses to increase high-single digits. Moreover, SG&A expenses for the fiscal second quarter is expected to increase about low-teens, driven by the timing of investments in sports marketing and strategic investments in new digital capabilities.
Looking for Lucrative Picks? Check These
Some better-ranked stocks are Rocky Brands Inc. RCKY , sporting a Zacks Rank #1 (Strong Buy), Decker's Outdoor Corporation DECK and lululemon athletica inc. LULU , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Rocky Brands delivered average positive earnings surprise of 53.3% in the trailing four quarters. Further, the stock has surged 21.8% year to date.
Decker's, with long-term earnings per share growth rate of 11.3%, has rallied 51.8% year to date.
lululemon has advanced 51.6% year to date. The stock has a long-term growth rate of 19.3%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
lululemon athletica inc. (LULU): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
NIKE, Inc. (NKE): 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.
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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Check These Some better-ranked stocks are Rocky Brands Inc. RCKY , sporting a Zacks Rank #1 (Strong Buy), Decker's Outdoor Corporation DECK and lululemon athletica inc. LULU , both carrying a Zacks Rank #2 (Buy). Decker's, with long-term earnings per share growth rate of 11.3%, has rallied 51.8% year to date. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Check These Some better-ranked stocks are Rocky Brands Inc. RCKY , sporting a Zacks Rank #1 (Strong Buy), Decker's Outdoor Corporation DECK and lululemon athletica inc. LULU , both carrying a Zacks Rank #2 (Buy). Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Decker's, with long-term earnings per share growth rate of 11.3%, has rallied 51.8% year to date.
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Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Some better-ranked stocks are Rocky Brands Inc. RCKY , sporting a Zacks Rank #1 (Strong Buy), Decker's Outdoor Corporation DECK and lululemon athletica inc. LULU , both carrying a Zacks Rank #2 (Buy). Decker's, with long-term earnings per share growth rate of 11.3%, has rallied 51.8% year to date.
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Check These Some better-ranked stocks are Rocky Brands Inc. RCKY , sporting a Zacks Rank #1 (Strong Buy), Decker's Outdoor Corporation DECK and lululemon athletica inc. LULU , both carrying a Zacks Rank #2 (Buy). Decker's, with long-term earnings per share growth rate of 11.3%, has rallied 51.8% year to date. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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6d7e3f71-e2dc-485d-aaef-686fab5b5943
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724260.0
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2018-12-12 00:00:00 UTC
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Francesca's (FRAN) Q3 Earnings Beat, Soft View Hurts Stock
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DECK
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https://www.nasdaq.com/articles/francescas-fran-q3-earnings-beat-soft-view-hurts-stock-2018-12-12
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nan
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nan
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Francesca's Holdings CorporationFRAN reported third-quarter fiscal 2018 results, with the top and the bottom line surpassing estimates but declining year over year. Moreover, comparable store sales (comps) decreased year over year, marking the seventh straight quarter of comps decline. Further, management lowered outlook for fiscal 2018 and provided soft view for the fourth quarter, which hurt investors' sentiments.
Notably, shares of the company plunged more than 16% on Dec 11. Moreover, this Zacks Rank #4 (Sell) stock has lost 52.6% in the past three months, underperforming the industry 's 13% decline.
Q3 Highlights
Francesca's adjusted loss of 17 cents per share (excluding non-recurring items) for third-quarter fiscal 2018 compared unfavorably with earnings of 1 cent in the year-ago quarter. However, the bottom line was narrower than the Zacks Consensus Estimate of a loss of 18 cents.
Net sales declined 9.8% to $95.4 million from $105.8 million in the prior-year quarter, primarily due to decline in comps. However, net sales surpassed the Zacks Consensus Estimate of $94.9 million. Comps declined 14% in the quarter due to soft boutique traffic, partially offset by sales from 24 net new boutiques added since the year-ago period.
Francesca's Holdings Corporation Price, Consensus and EPS Surprise
Francesca's Holdings Corporation Price, Consensus and EPS Surprise | Francesca's Holdings Corporation Quote
Sales from Apparel business decreased 11.5% to $48.4 million, while sales from Accessories business declined 3.4% to $14.8 million. Sales from Gifts business fell 20.5% to $8.7 million, whereas sales from other categories plunged 70.6% to $0.6 million. However, sales from Jewelry business was almost flat at 22.9 million.
Gross profit decreased 19.6% year over year to $33.6 million, while gross profit margin contracted 430 basis points (bps) to 35.3%. Meanwhile, operating loss came in at $23.1 million, against operating profit of $0.5 million in the third quarter last year.
Store Update
During the fiscal third quarter, Francesca's Holdings did not open any new boutiques but closed four, bringing the total boutique count to 738. These consist of 352 mall locations and 386 non-mall locations, of which 90 are outlets. During the fourth quarter, the company intends to open a boutique and close 11 existing boutiques, mostly in January.
For fiscal 2018, Francesca's Holdings plans to open 32 boutiques, close 25 boutiques and refresh 81 boutiques.
Other Financial Aspects
Francesca's Holdings ended the fiscal third quarter with cash and cash equivalents of $10.7 million, with no debt outstanding, and total shareholders' equity of $94.8 million. Cash flow from operations amounted to $5.8 million in the first three quarters of fiscal 2018.
Capital expenditures were $21.9 million year to date, which included $8.4 million for new boutiques, $8.9 million for remodels and $2 million for existing boutiques. For fiscal 2018, the company expects capital expenditure to be around $30 million.
Outlook
Following a soft third quarter, the company provided a soft outlook for the fiscal fourth quarter and trimmed its view for fiscal 2018. For fourth-quarter fiscal 2018, management anticipates net sales of $118-$124 million, with 10-15% decrease in comps. Further, the company anticipates adjusted loss of 7-14 cents per share.
Fiscal 2018, net sales are expected to be $427-$433 million, compared with the prior-year net sales of $471.7 million. Comps are expected to fall mid-to-low teens with adjusted loss per share of 34-41 cents. Earlier, Francesca's Holdings envisioned net sales between $453 million and $463 million, with comps decreasing 8-10%. Further, the company expects adjusted earnings per share of 15-25 cents.
3 Stocks to Watch
Rocky Brands RCKY delivered average positive earnings surprise of 53.3% in the trailing four quarters and sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. It has long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy).
L Brands, Inc LB has long-term earnings growth rate of 11.5% and a Zacks Rank of 2.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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
L Brands, Inc. (LB): Free Stock Analysis Report
Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): 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.
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 delivered average positive earnings surprise of 69.1% in the trailing four quarters. Click to get this free report L Brands, Inc. (LB): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Further, management lowered outlook for fiscal 2018 and provided soft view for the fourth quarter, which hurt investors' sentiments.
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Click to get this free report L Brands, Inc. (LB): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. Francesca's Holdings Corporation Price, Consensus and EPS Surprise Francesca's Holdings Corporation Price, Consensus and EPS Surprise | Francesca's Holdings Corporation Quote Sales from Apparel business decreased 11.5% to $48.4 million, while sales from Accessories business declined 3.4% to $14.8 million.
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Click to get this free report L Brands, Inc. (LB): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. Francesca's Holdings Corporation Price, Consensus and EPS Surprise Francesca's Holdings Corporation Price, Consensus and EPS Surprise | Francesca's Holdings Corporation Quote Sales from Apparel business decreased 11.5% to $48.4 million, while sales from Accessories business declined 3.4% to $14.8 million.
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Click to get this free report L Brands, Inc. (LB): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK delivered average positive earnings surprise of 69.1% in the trailing four quarters. Further, management lowered outlook for fiscal 2018 and provided soft view for the fourth quarter, which hurt investors' sentiments.
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70b5b42d-8f4b-496f-a935-d4796d4216e4
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724261.0
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2018-12-12 00:00:00 UTC
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Deckers Outdoor Reaches Analyst Target Price
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-reaches-analyst-target-price-2018-12-12
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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 $126.27, changing hands for $127.27/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 11 different analyst targets 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 $112.00. And then on the other side of the spectrum one analyst has a target as high as $142.00. The standard deviation is $10.296.
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 $126.27/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $126.27 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.:
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 .
The Top 25 Broker Analyst Picks of the S&P 500 »
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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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $126.27, changing hands for $127.27/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. And so with DECK crossing above that average target price of $126.27/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $126.27 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?
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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 $126.27, changing hands for $127.27/share. There are 11 different analyst targets 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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There are 11 different analyst targets 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 $126.27/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $126.27 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 $126.27, changing hands for $127.27/share.
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There are 11 different analyst targets contributing to that average for Deckers Outdoor Corp., but the average is just that - a mathematical average. In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $126.27, changing hands for $127.27/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.
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ba426531-5ec9-40f2-b66d-46c18bf8f2c7
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724262.0
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2018-12-05 00:00:00 UTC
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Here's Why World Wrestling (WWE) Marches Ahead of Industry
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DECK
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https://www.nasdaq.com/articles/heres-why-world-wrestling-wwe-marches-ahead-of-industry-2018-12-05
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nan
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nan
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World Wrestling Entertainment, Inc . WWE has not only surged but also outpaced the industry year to date. This Zacks Rank #3 (Hold) stock has rallied 134% in the said time frame compared with the industry's growth of 23.1%.
The company's focus on increasing original content, subscriber growth, rise in TV rights fees and monetization of video content across digital and direct-to-consumer platforms act as major growth drivers.
Key Catalysts
WWE has been implementing strategies including the development of fresh content, execution of customer acquisition and retention programs, increase in distribution platform, introduction of new features and foraying into new regions. Such efforts are likely to boosts WWE Network's revenues.
Given its solid reach on television, WWE witnessed third fascinating season of Total Bellas; developed a new series, Miz & Mrs. (premiered on Jul 24, 2018); premiered the eighth season of Total Divas and launched new weekly series, NXT UK.
This led to an increase in the number of average paid subscribers that climbed 9% year over year in the third quarter to more than 1.66 million. Management now envisions average paid subscribers of approximately 1.56 million for the final quarter, reflecting an increase of 8% from the prior-year quarter.
In the long haul, the company will continue banking on WWE's content distribution agreement to bolster subscriber base. Earlier, the company stated that in some regions distribution agreement will expire in 2019. Notably, it is looking to renew the distribution agreement in the U.K. by the end of 2018 and in India by the first half of 2019.
Moving on, WWE announced multi-year deals with Fox Sports and USA Network for its flagship programs, effective from Oct 1, 2019. Per the agreements, USA Network will continue to air Raw, while SmackDown will be broadcasted on Fridays on the Fox broadcast network.
Per management, these agreements will improve the average annual value of WWE's U.S. distribution to 3.6 times of the contract with NBC Universal. Management earlier stated that these agreements will likely bump up revenues from $311 million in 2019 to $462 million in 2021. Going ahead into 2019, WWE expects adjusted OIBDA of minimum $200 million, assuming substantial revenue growth from the latest U.S. deals.
Wrapping Up
However, we believe that fall in ticket sales during live events, lower number of live events, rising costs at WWE Network and stiff competition from other entertainment platforms may hurt profitability. Also, the company's media segment is vulnerable to rising capital expenditures, content costs and operating expenses.
All said, while the above-mentioned headwinds are concerns, the company's efforts to strengthen and expand the WWE Network through the creation of new content, implementation of programs, introduction of new features and foraying into new regions are likely to drive growth in the near future. This is further supported by the company's VGM Score of B.
3 More Retails Stocks to Bank Upon
Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Xtep International Holdings Ltd. XTEPY has long-term earnings growth rate of 11% and a Zacks Rank #1.
Skechers U.S.A., Inc. SKX has long-term earnings growth rate of 7% and a Zacks Rank #2 (Buy).
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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
World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
Xtep International Holdings Ltd. (XTEPY): 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.
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 More Retails Stocks to Bank Upon Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #1 (Strong Buy). Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Key Catalysts WWE has been implementing strategies including the development of fresh content, execution of customer acquisition and retention programs, increase in distribution platform, introduction of new features and foraying into new regions.
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3 More Retails Stocks to Bank Upon Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #1 (Strong Buy). Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Xtep International Holdings Ltd. XTEPY has long-term earnings growth rate of 11% and a Zacks Rank #1.
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Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. 3 More Retails Stocks to Bank Upon Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #1 (Strong Buy). The company's focus on increasing original content, subscriber growth, rise in TV rights fees and monetization of video content across digital and direct-to-consumer platforms act as major growth drivers.
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Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. 3 More Retails Stocks to Bank Upon Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #1 (Strong Buy). Management earlier stated that these agreements will likely bump up revenues from $311 million in 2019 to $462 million in 2021.
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0f8864fa-b081-4b11-aea0-4e8d6c9a7016
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724263.0
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2018-12-05 00:00:00 UTC
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Wolverine's Growth Global Agenda Strong, Sales Trend Weak
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DECK
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https://www.nasdaq.com/articles/wolverines-growth-global-agenda-strong-sales-trend-weak-2018-12-05
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nan
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nan
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Wolverine World Wide, Inc . WWW ison track with its Way Forward initiative, as it entered into the next phase - Global Growth Agenda. Additionally, an impressive earnings history, strong product portfolio and expansion plans bode well.
Despite such upsides, the company is grappling with declining sales trend along with currency headwinds. Notably, shares of the company slumped 11.6% in the past three months, significantly underperforming the industry 's decline of 3.3%. Also, this Zacks Rank #3 (Hold) stock has lagged the broader Shoes and Retail Apparel sector's loss of 3.6% in the said time period. Let's delve deeper.
What's Hurting the Stock?
Wolverine's top-line has been registering a year-over-year decline for the last five quarters. Top line declined 3.9% to $558.6 million and also fell short of the Zacks Consensus Estimate of $581.5 million.
The company witnessed sales decline in all the three segments. Sales at Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group and Wolverine Heritage Group decreased 0.7%, 4% and 5.7%, respectively. Sales at the company's Boston Group and Heritage Group have declined in all the three quarters of 2018. Moreover, the company is exposed to significant currency risks.
Efforts to Revive on Track
Wolverine is progressing well with its Way Forward initiative, which is likely to drive growth.Further, the company entered into the next phase of its Way Forward initiative - Global Growth Agenda - which focuses on empowering brands, implementing advanced digital tools and expanding into new markets. Wolverine anticipates additional investments in this direction to be $40-$45 million for 2018. Out of this, 45% of such investments are directed toward the creation of powerful product development.
Also, the company remained focused on enhancing its digital capabilities. Efforts in this respect include enhancing the company's social presence, improving digital advertisement maneuvers, and better implementation and management of consumer database. Further, the company has allocated approximately $15 million of incremental investments from Global Growth Agenda toward digital advancements. Moreover, it is witnessing solid e-commerce growth with 25% improvement in this business during the third quarter.
Moving on, Wolverine is making efforts to expand base. Going ahead, the company plans to add greater strategic resources to strengthen its regional teams, especially in the emerging regions of Asia-Pacific such as China. With such well-spun plans rolled up its sleeves, the company plans to achieve high-single digit growth in revenues from its international business in 2018.
3 More Retails Stocks to Bank Upon
Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Xtep International Holdings Ltd. XTEPY has long-term earnings growth rate of 11% and a Zacks Rank #1.
Skechers U.S.A., Inc. SKX has long-term earnings growth rate of 7% and a Zacks Rank #2 (Buy).
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Xtep International Holdings Ltd. (XTEPY): 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.
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 More Retails Stocks to Bank Upon Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #1 (Strong Buy). Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report To read this article on Zacks.com click here. Also, this Zacks Rank #3 (Hold) stock has lagged the broader Shoes and Retail Apparel sector's loss of 3.6% in the said time period.
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3 More Retails Stocks to Bank Upon Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #1 (Strong Buy). Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report To read this article on Zacks.com click here. Sales at Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group and Wolverine Heritage Group decreased 0.7%, 4% and 5.7%, respectively.
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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 Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report To read this article on Zacks.com click here. 3 More Retails Stocks to Bank Upon Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #1 (Strong Buy). Sales at Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group and Wolverine Heritage Group decreased 0.7%, 4% and 5.7%, respectively.
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3 More Retails Stocks to Bank Upon Deckers Outdoor Corp. DECK has long-term earnings growth rate of 11.3% and a Zacks Rank #1 (Strong Buy). Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report To read this article on Zacks.com click here. Efforts to Revive on Track Wolverine is progressing well with its Way Forward initiative, which is likely to drive growth.Further, the company entered into the next phase of its Way Forward initiative - Global Growth Agenda - which focuses on empowering brands, implementing advanced digital tools and expanding into new markets.
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a99b837d-1b43-4312-883d-5c11352c7ccb
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724264.0
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2018-11-29 00:00:00 UTC
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Nike, Inc. (NKE) Ex-Dividend Date Scheduled for November 30, 2018
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DECK
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https://www.nasdaq.com/articles/nike-inc-nke-ex-dividend-date-scheduled-november-30-2018-2018-11-29
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nan
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nan
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Nike, Inc. ( NKE ) will begin trading ex-dividend on November 30, 2018. A cash dividend payment of $0.22 per share is scheduled to be paid on January 02, 2019. Shareholders who purchased NKE prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 10% increase over prior dividend payment. At the current stock price of $74.66, the dividend yield is 1.18%.
The previous trading day's last sale of NKE was $74.66, representing a -13.23% decrease from the 52 week high of $86.04 and a 26.03% increase over the 52 week low of $59.24.
NKE is a part of the Consumer Non-Durables sector, which includes companies such as Skechers U.S.A., Inc. ( SKX ) and Deckers Outdoor Corporation ( DECK ). NKE's current earnings per share, an indicator of a company's profitability, is $1.25. Zacks Investment Research reports NKE's forecasted earnings growth in 2019 as 8.46%, compared to an industry average of 13.7%.
For more information on the declaration, record and payment dates, visit the NKE Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to NKE through an Exchange Traded Fund [ETF]?
The following ETF(s) have NKE as a top-10 holding:
SPDR Select Sector Fund - Consumer Discretionary ( XLY )
iShares U.S. Consumer Goods ETF ( IYK )
Invesco DWA Consumer Cyclicals Momentum ETF ( PEZ )
Global X Health & Wellness Thematic ETF ( BFIT )
Global X MSCI Portugal ETF ( PGAL ).
The top-performing ETF of this group is BFIT with an decrease of -0.74% over the last 100 days. XLY has the highest percent weighting of NKE at 4.64%.
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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NKE is a part of the Consumer Non-Durables sector, which includes companies such as Skechers U.S.A., Inc. ( SKX ) and Deckers Outdoor Corporation ( DECK ). Zacks Investment Research reports NKE's forecasted earnings growth in 2019 as 8.46%, compared to an industry average of 13.7%. For more information on the declaration, record and payment dates, visit the NKE 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. NKE is a part of the Consumer Non-Durables sector, which includes companies such as Skechers U.S.A., Inc. ( SKX ) and Deckers Outdoor Corporation ( DECK ). The following ETF(s) have NKE as a top-10 holding: SPDR Select Sector Fund - Consumer Discretionary ( XLY ) iShares U.S. Consumer Goods ETF ( IYK ) Invesco DWA Consumer Cyclicals Momentum ETF ( PEZ ) Global X Health & Wellness Thematic ETF ( BFIT ) Global X MSCI Portugal ETF ( PGAL ).
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NKE is a part of the Consumer Non-Durables sector, which includes companies such as Skechers U.S.A., Inc. ( SKX ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased NKE 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 NKE Dividend History page.
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NKE is a part of the Consumer Non-Durables sector, which includes companies such as Skechers U.S.A., Inc. ( SKX ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased NKE prior to the ex-dividend date are eligible for the cash dividend payment. NKE's current earnings per share, an indicator of a company's profitability, is $1.25.
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948bca2f-5acb-42c7-8506-23292b2e46c6
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724265.0
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2018-11-27 00:00:00 UTC
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Francesca's Soft Top-Line Performance Continues to Hurt Stock
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DECK
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https://www.nasdaq.com/articles/francescas-soft-top-line-performance-continues-to-hurt-stock-2018-11-27
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nan
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nan
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Just two weeks to go for third-quarter fiscal 2018 results, Francesca's Holdings CorporationFRAN released its preliminary estimated financial numbers. Soft boutique traffic continued to linger during the third quarter as well. Further, the company has been witnessing dismal top line for quite a while now. A clear reflection of the same is visible in the stock's performance.
We note that shares of this Zacks Rank #4 (Sell) company have crashed 65% compared with the industry 's decline of 13.5% in the past six months.
Preliminary Estimated Financial Results for Q3
Francesca's Holdings announced its preliminary estimated results, wherein net sales for the third quarter declined by 10% to $95 million from $106 million reported in the year-ago period. Prior to that, net sales dipped 6% and 7% in the second and first quarter, respectively. Notably, the declining comparable sales (comps) are hurting the top line.
Comps in the first and second quarter decreased by 16% and 13%, respectively, due to the decline in both boutique traffic and conversion rate. Again, in the third quarter, the metric slipped 14%, mainly due to traffic declines in the mid-teens.
Further, the company expects non-cash asset impairment regarding long-lived boutique assets to come in at roughly $15 million. Excluding non-cash asset impairment, Francesca's Holdings expects to incur adjusted loss in the range of 17-19 cents per share.
Following the release of preliminary estimated financial results, shares of the company plunged around 12% in after-market trading session on Nov 26. Management hinted that the company is grappling with lower traffic count and has failed to deliver desired results. Francesca's Holdings is scheduled to report third-quarter numbers on Dec 11.
No wonder, the company is focusing on enhancing traffic trends by improving marketing reach and top-line trends. Also, the company is emphasizing on reducing expenses, cash management and e-commerce growth. Management believes the company's merchandising strategy, investment in omni-channel and reformatting its boutiques will help augment results.
However, we believe that such efforts will take time to yield favorable outcome and win back investors' confidence in the stock. That said, the current dismal performance remains a concern for the company.
3 Stocks to Watch
Rocky Brands RCKY delivered an average positive earnings surprise of 53.3% in the trailing four quarters and carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 69.1% in the trailing four quarters. It has a long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy).
Skechers U.S.A. SKX delivered an average positive earnings surprise of 11.9% in the trailing four quarters. It has a long-term earnings growth rate of 7% and a Zacks Rank of 2.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX): 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.
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 delivered an average positive earnings surprise of 69.1% in the trailing four quarters. Click to get this free report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Just two weeks to go for third-quarter fiscal 2018 results, Francesca's Holdings CorporationFRAN released its preliminary estimated financial numbers.
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Click to get this free report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 69.1% in the trailing four quarters. Preliminary Estimated Financial Results for Q3 Francesca's Holdings announced its preliminary estimated results, wherein net sales for the third quarter declined by 10% to $95 million from $106 million reported in the year-ago period.
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Click to get this free report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 69.1% in the trailing four quarters. Preliminary Estimated Financial Results for Q3 Francesca's Holdings announced its preliminary estimated results, wherein net sales for the third quarter declined by 10% to $95 million from $106 million reported in the year-ago period.
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Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 69.1% in the trailing four quarters. Click to get this free report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Preliminary Estimated Financial Results for Q3 Francesca's Holdings announced its preliminary estimated results, wherein net sales for the third quarter declined by 10% to $95 million from $106 million reported in the year-ago period.
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2018-11-25 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On David Dreman - 11/25/2018
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-david-dreman-11252018-2018-11-25
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The following are the top rated Consumer Cyclical stocks according to Validea's Contrarian Investor model based on the published strategy of David Dreman . This contrarian strategy finds the most unpopular mid- and large-cap stocks in the market and looks for improving fundamentals.
GENERAL MOTORS COMPANY ( GM ) is a large-cap value stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on David Dreman is 83% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company's segments include GM North America (GMNA), GM Europe ( GME ), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc. (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc. The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC. The Company also develops, manufactures and/or markets vehicles outside North America under the brands, including Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall. The Company offers a range of after-sale vehicle services and products through the dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories and extended service warranties. GM Financial is an automotive finance company, which provides automobile finance solutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
WABCO HOLDINGS INC. ( WBC ) is a mid-cap value stock in the Auto & Truck Parts industry. The rating according to our strategy based on David Dreman is 76% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: WABCO Holdings Inc. is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles. Its products are pneumatic anti-lock braking systems, electronic braking systems, electronic stability control systems, brake controls, automated manual transmission systems, air disc brakes, and a range of conventional mechanical products, such as actuators, air compressors and air control valves for medium- and heavy-duty trucks, buses and trailers. The Company's products also include air compressor and air processing/air management system; electronic and conventional air suspension systems; transmission automation; roll stability support; advanced driver assistance systems, and fleet management solutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
BORGWARNER INC. ( BWA ) is a mid-cap value stock in the Auto & Truck Parts industry. The rating according to our strategy based on David Dreman is 64% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: BorgWarner Inc. is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company's segments include Engine and Drivetrain. The Engine segment's products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains. The Drivetrain segment's products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices. The Company's products are manufactured and sold across the world, primarily to original equipment manufacturers (OEMs) of light vehicles (passenger cars, sport-utility vehicles (SUVs), vans and light trucks). The Company's products are also sold to other OEMs of commercial vehicles (medium-duty trucks, heavy-duty trucks and buses) and off-highway vehicles (agricultural and construction machinery and marine applications.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on David Dreman is 64% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business. The Company sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user consumers both domestically and internationally, through its Websites, call centers and retail stores. The Company markets its products primarily under three brands: UGG, Teva and Sanuk. The Company's other brands include Hoka One One (Hoka), Ahnu and Koolaburra by UGG (Koolaburra). It has a total of over 150 retail stores across the world.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
LEGGETT & PLATT, INC. (LEG) is a mid-cap growth stock in the Furniture & Fixtures industry. The rating according to our strategy based on David Dreman is 64% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products. Its brands include ComfortCore, Mira-Coil, VertiCoil, Quantum, Nanocoil, Lura-Flex and Active Support Technology, which includes mattress innersprings; Semi-Flex, which includes box spring components and foundations; Spuhl, which includes mattress innerspring manufacturing machines; Wall Hugger, which includes recliner chair mechanisms; Super Sagless, which includes motion and sofa sleeper mechanisms; No-Sag, which includes wire forms used in seating; LPSense, which includes capacitive sensing; Hanes, which includes fabric materials; Schukra, Pullmaflex and Flex-O-Lator, which includes automotive seating products, and Gribetz and Porter, which includes quilting and sewing machines.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on David Dreman has returned 95.08% vs. 163.15% for the S&P 500. For more details on this strategy, click here
About David Dreman : Dreman's Kemper-Dreman High Return Fund was one of the best-performing mutual funds ever, ranking as the best of 255 funds in its peer groups from 1988 to 1998, according to Lipper Analytical Services. At the time Dreman published Contrarian Investment Strategies: The Next Generation, the fund had been ranked number one in more time periods than any of the 3,175 funds in Lipper's database. In addition to managing money, Dreman is also a longtime Forbes magazine columnist.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
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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Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. Company Description: Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's segments include GM North America (GMNA), GM Europe ( GME ), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc. (GM Financial).
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's segments include GM North America (GMNA), GM Europe ( GME ), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc. (GM Financial).
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The following are the top rated Consumer Cyclical stocks according to Validea's Contrarian Investor model based on the published strategy of David Dreman .
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724267.0
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2018-11-25 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Benjamin Graham - 11/25/2018
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-benjamin-graham-11252018-2018-11-25
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The following are the top rated Consumer Cyclical stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham . This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
COLUMBIA SPORTSWEAR COMPANY ( COLM ) is a mid-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada. The Company develops and manages its merchandise in categories, including apparel, accessories and equipment, and footwear. It distributes its products through a mix of wholesale distribution channels, its own direct-to-consumer channels (retail stores and e-commerce), independent distributors and licensees. As of December 31, 2016, its products were sold in approximately 90 countries. In 59 of those countries, it sells to independent distributors to whom it has granted distribution rights. Contract manufacturers located outside the United States manufacture all of its products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Donaldson Company, Inc. is a manufacturer of filtration systems and replacement parts. The Company's segments include Engine Products, Industrial Products and Corporate. The Company's products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands. The Engine Products segment sells its products to original equipment manufacturers (OEMs) in the construction, mining, agriculture, aerospace, defense and truck end-markets and to independent distributors, OEM dealer networks, private label accounts and large equipment fleets. The Industrial Products segment sells to various industrial dealers, distributors, OEMs of gas-fired turbines and OEMs and end users requiring clean air. Its products include dust, fume and mist collectors, compressed air purification systems, air filtration systems for gas turbines and polytetrafluoroethylene (PTFE) membrane-based products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DAIMLER AG ( DDAIF ) is a large-cap value stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. The Mercedes-Benz Cars segment includes vehicles of the Mercedes-Benz brand, including the brands, Mercedes-AMG and Mercedes-Maybach, as well as the Mercedes me brand. The Daimler Trucks segment develops and produces vehicles under the brands, including Mercedes-Benz, Freightliner, Western Star, FUSO and BharatBenz. The Mercedes-Benz Vans segment is a supplier of a range of vans and associated services. The Daimler Buses segment sells completely built-up buses under brand names, including MercedesBenz and Setra. The Daimler Financial Services segment supports the sales of its automotive brands in approximately 40 countries around the world.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
G-III APPAREL GROUP, LTD. ( GIII ) is a mid-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women's suits and women's performance wear, as well as women's handbags, footwear, small leather goods, cold weather accessories and luggage. The Company's owned brands include Donna Karan, DKNY, DKNY Jeans, Vilebrequin, G-III Sports by Carl Banks, Eliza J, Black Rivet and Jessica Howard. It has fashion licenses under the Calvin Klein, Tommy Hilfiger, Karl Lagerfeld, Kenneth Cole, Cole Haan and Dockers brands. Through its team sports business, it has licenses with the National Football League, National Basketball Association, Major League Baseball and National Hockey League. It also operates retail stores under the Donna Karan, Wilsons Leather, Bass, G.H. Bass & Co., Vilebrequin and Calvin Klein Performance names.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Benjamin Graham has returned 448.82% vs. 163.15% for the S&P 500. For more details on this strategy, click here
About Benjamin Graham : The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
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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The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here G-III APPAREL GROUP, LTD. ( GIII ) is a mid-cap growth stock in the Apparel/Accessories industry.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DONALDSON COMPANY, INC. ( DCI ) is a mid-cap growth stock in the Auto & Truck Parts industry. The Company's segments include Engine Products, Industrial Products and Corporate. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services.
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The Company's segments include Engine Products, Industrial Products and Corporate. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Benjamin Graham has returned 448.82% vs. 163.15% for the S&P 500. For more details on this strategy, click here About Benjamin Graham : The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976.
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724268.0
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2018-11-25 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Motley Fool - 11/25/2018
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-motley-fool-11252018-2018-11-25
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The following are the top rated Consumer Cyclical stocks according to Validea's Small-Cap Growth Investor model based on the published strategy of Motley Fool . This strategy looks for small cap growth stocks with solid fundamentals and strong price performance.
VERA BRADLEY, INC. ( VRA ) is a small-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Motley Fool is 67% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Vera Bradley, Inc. (Vera Bradley) is a designer of women's handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company's segments include Direct and Indirect. The Company offers various products, including bags, travel, home and accessories. Its accessories include fashion accessories, such as wallets, eyeglass cases, jewelry, and scarves and various technology accessories. The Direct business consists of sales of Vera Bradley products through factory outlet stores in the United States, verabradley.com, direct-to-consumer eBay sales and its annual outlet sale in Fort Wayne, Indiana. As of January 28, 2017, the Indirect business consisted of sales of Vera Bradley products to approximately 2,600 specialty retail locations, substantially all of which were located in the United States, as well as department stores, national accounts, third party e-commerce sites, the Company's wholesale customer in Japan, and third-party inventory liquidators.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
FOX FACTORY HOLDING CORP ( FOXF ) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Motley Fool is 65% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company's products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles. The Company's brands include FOX, FOX RACING SHOX and RACE FACE. The Company's products include 34 Factory Series FLOAT FIT4, which provides external adjustability with its fourth-generation FOX Isolated Technology and closed-cartridge damper, and includes a self-adjusting negative chamber air spring; X2 technology, utilized in its Factory Series FLOAT and DH rear shocks; PODIUM Internal Bypass, and X2 technology utilized in its 2.5 PODIUM shocks for side-by-sides that feature high and low speed rebound adjustment, high and low speed compression adjustment, and a dual-rate spring for the rear shocks.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
COLUMBIA SPORTSWEAR COMPANY ( COLM ) is a mid-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Motley Fool is 63% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada. The Company develops and manages its merchandise in categories, including apparel, accessories and equipment, and footwear. It distributes its products through a mix of wholesale distribution channels, its own direct-to-consumer channels (retail stores and e-commerce), independent distributors and licensees. As of December 31, 2016, its products were sold in approximately 90 countries. In 59 of those countries, it sells to independent distributors to whom it has granted distribution rights. Contract manufacturers located outside the United States manufacture all of its products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
JOHNSON OUTDOORS INC. ( JOUT ) is a small-cap value stock in the Recreational Products industry. The rating according to our strategy based on Motley Fool is 63% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Johnson Outdoors Inc. is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment's brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment's brands are Eureka!, Jetboil and Silva. Its Watercraft segment designs and markets Necky sea touring kayaks; sit on top Ocean Kayaks, and Old Town canoes and kayaks for family recreation, touring, angling and tripping. The Company manufactures and markets underwater diving products for recreational divers, which it sells and distributes under the SCUBAPRO brand name. It markets a line of underwater diving and snorkeling equipment, including regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels and accessories. The Company's products are used for fishing from a boat, diving, paddling, hiking and camping.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on Motley Fool is 61% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business. The Company sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user consumers both domestically and internationally, through its Websites, call centers and retail stores. The Company markets its products primarily under three brands: UGG, Teva and Sanuk. The Company's other brands include Hoka One One (Hoka), Ahnu and Koolaburra by UGG (Koolaburra). It has a total of over 150 retail stores across the world.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Motley Fool has returned 524.22% vs. 163.15% for the S&P 500. For more details on this strategy, click here
About Motley Fool : Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss. The Gardners are the founders of the popular Motley Fool web site, which offers frank and often irreverent commentary on investing, the stock market, and personal finance. The Gardners' "Fool" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services.
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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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Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's products include 34 Factory Series FLOAT FIT4, which provides external adjustability with its fourth-generation FOX Isolated Technology and closed-cartridge damper, and includes a self-adjusting negative chamber air spring; X2 technology, utilized in its Factory Series FLOAT and DH rear shocks; PODIUM Internal Bypass, and X2 technology utilized in its 2.5 PODIUM shocks for side-by-sides that feature high and low speed rebound adjustment, high and low speed compression adjustment, and a dual-rate spring for the rear shocks.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company's products include 34 Factory Series FLOAT FIT4, which provides external adjustability with its fourth-generation FOX Isolated Technology and closed-cartridge damper, and includes a self-adjusting negative chamber air spring; X2 technology, utilized in its Factory Series FLOAT and DH rear shocks; PODIUM Internal Bypass, and X2 technology utilized in its 2.5 PODIUM shocks for side-by-sides that feature high and low speed rebound adjustment, high and low speed compression adjustment, and a dual-rate spring for the rear shocks.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. Company Description: Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving.
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80e87940-e1ae-4dcf-b156-1ddc0b535381
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724269.0
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2018-11-14 00:00:00 UTC
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Notable Wednesday Option Activity: ADBE, DECK, HUM
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DECK
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https://www.nasdaq.com/articles/notable-wednesday-option-activity-adbe-deck-hum-2018-11-14
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Adobe Inc (Symbol: ADBE), where a total of 18,522 contracts have traded so far, representing approximately 1.9 million underlying shares. That amounts to about 45.5% of ADBE's average daily trading volume over the past month of 4.1 million shares. Particularly high volume was seen for the $255 strike call option expiring November 23, 2018 , with 970 contracts trading so far today, representing approximately 97,000 underlying shares of ADBE. Below is a chart showing ADBE's trailing twelve month trading history, with the $255 strike highlighted in orange:
Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,576 contracts thus far today. That number of contracts represents approximately 357,600 underlying shares, working out to a sizeable 44.7% of DECK's average daily trading volume over the past month, of 800,860 shares. Particularly high volume was seen for the $110 strike put option expiring December 21, 2018 , with 794 contracts trading so far today, representing approximately 79,400 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $110 strike highlighted in orange:
And Humana Inc. (Symbol: HUM) saw options trading volume of 3,168 contracts, representing approximately 316,800 underlying shares or approximately 44.7% of HUM's average daily trading volume over the past month, of 709,450 shares. Especially high volume was seen for the $320 strike call option expiring November 30, 2018 , with 1,571 contracts trading so far today, representing approximately 157,100 underlying shares of HUM. Below is a chart showing HUM's trailing twelve month trading history, with the $320 strike highlighted in orange:
For the various different available expirations for ADBE options , DECK options , or HUM options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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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Particularly high volume was seen for the $110 strike put option expiring December 21, 2018 , with 794 contracts trading so far today, representing approximately 79,400 underlying shares of DECK. Below is a chart showing ADBE's trailing twelve month trading history, with the $255 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,576 contracts thus far today. That number of contracts represents approximately 357,600 underlying shares, working out to a sizeable 44.7% of DECK's average daily trading volume over the past month, of 800,860 shares.
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Below is a chart showing ADBE's trailing twelve month trading history, with the $255 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,576 contracts thus far today. Below is a chart showing DECK's trailing twelve month trading history, with the $110 strike highlighted in orange: And Humana Inc. (Symbol: HUM) saw options trading volume of 3,168 contracts, representing approximately 316,800 underlying shares or approximately 44.7% of HUM's average daily trading volume over the past month, of 709,450 shares. That number of contracts represents approximately 357,600 underlying shares, working out to a sizeable 44.7% of DECK's average daily trading volume over the past month, of 800,860 shares.
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Below is a chart showing DECK's trailing twelve month trading history, with the $110 strike highlighted in orange: And Humana Inc. (Symbol: HUM) saw options trading volume of 3,168 contracts, representing approximately 316,800 underlying shares or approximately 44.7% of HUM's average daily trading volume over the past month, of 709,450 shares. Below is a chart showing ADBE's trailing twelve month trading history, with the $255 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,576 contracts thus far today. That number of contracts represents approximately 357,600 underlying shares, working out to a sizeable 44.7% of DECK's average daily trading volume over the past month, of 800,860 shares.
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Particularly high volume was seen for the $110 strike put option expiring December 21, 2018 , with 794 contracts trading so far today, representing approximately 79,400 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $110 strike highlighted in orange: And Humana Inc. (Symbol: HUM) saw options trading volume of 3,168 contracts, representing approximately 316,800 underlying shares or approximately 44.7% of HUM's average daily trading volume over the past month, of 709,450 shares. Below is a chart showing ADBE's trailing twelve month trading history, with the $255 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,576 contracts thus far today.
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2d01288e-7fc3-41f9-ae18-83fe1b6e5bca
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724270.0
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2018-11-12 00:00:00 UTC
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Deckers (DECK) Is Up 13.83% in One Week: What You Should Know
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DECK
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https://www.nasdaq.com/articles/deckers-deck-is-up-13.83-in-one-week%3A-what-you-should-know-2018-11-12
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nan
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nan
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Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With 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 that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but 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) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
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?
Let's discuss some of the components of the Momentum Style Score for DECK that show why this maker of Ugg footwear shows promise as a solid momentum pick.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. 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 13.83% over the past week while the Zacks Shoes and Retail Apparel industry is up 6.26% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 29.21% compares favorably with the industry's 2.48% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Deckers have increased 13.08% over the past quarter, and have gained 101.67% in the last year. In comparison, the S&P 500 has only moved -2.05% and 9.63%, respectively.
Investors should also pay attention to 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. DECK is currently averaging 783,316 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, 6 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost DECK's consensus estimate, increasing from $6.43 to $6.82 in the past 60 days. Looking at the next fiscal year, 5 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that DECK is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Deckers on your short list.
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.
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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Bottom Line Given these factors, it shouldn't be surprising that DECK is a #2 (Buy) stock and boasts a Momentum Score of B. Below, we take a look at Deckers (DECK) , which currently has a Momentum Style Score of B. Deckers currently has a Zacks Rank of #2 (Buy).
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Below, we take a look at Deckers (DECK) , which currently has a Momentum Style Score of B. Deckers currently has a Zacks Rank of #2 (Buy). Let's discuss some of the components of the Momentum Style Score for DECK that show why this maker of Ugg footwear shows promise as a solid momentum pick.
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Below, we take a look at Deckers (DECK) , which currently has a Momentum Style Score of B. Deckers currently has a Zacks Rank of #2 (Buy). Let's discuss some of the components of the Momentum Style Score for DECK that show why this maker of Ugg footwear shows promise as a solid momentum pick.
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Below, we take a look at Deckers (DECK) , which currently has a Momentum Style Score of B. DECK is currently averaging 783,316 shares for the last 20 days. Deckers currently has a Zacks Rank of #2 (Buy).
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dc32c58f-3098-4773-a672-3f5736f414e3
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724271.0
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2018-11-08 00:00:00 UTC
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Wolverine World Wide (WWW) Beats on Q3 Earnings, Raises View
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DECK
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https://www.nasdaq.com/articles/wolverine-world-wide-www-beats-on-q3-earnings-raises-view-2018-11-08
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nan
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nan
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Wolverine World Wide, Inc.WWW came up with mixed third-quarter 2018 results, wherein earnings surpassed the Zacks Consensus Estimate but sales lagged. The company's bottom line also improved year over year, buoyed by impressive operating and gross margins.
Notably, the impressive bottom-line performance prompted management to raise full-year earnings view. However, the top-line performance was unimpressive and marked five straight quarters of decline.
During the trading session on Nov 7, shares of Wolverine World Wide decreased more than 9%. Also, this Zacks Rank #4 (Sell) stock has lost 9.4% in a month, underperforming the industry 's 3.2% decline.
Q3 Highlights
Wolverine's adjusted earnings came in at 62 cents per share, which outpaced the consensus mark of 56 cents. This was the third straight quarter of positive earnings surprise. The bottom line also surged 44.2% from the figure registered a year ago, primarily owing to decline in cost of goods sold, fall in SG&A expenses and lower interest expense.
Revenues in the reported quarter declined 3.9% to $558.6 million, which fell short of the Zacks Consensus Estimate of $581.5 million. Nevertheless, underlying revenues inched up 0.5%, while on constant-currency basis the metric increased 1.1%.
Wolverine World Wide, Inc. Price, Consensus and EPS Surprise
Wolverine World Wide, Inc. Price, Consensus and EPS Surprise | Wolverine World Wide, Inc. Quote
The Outdoor & Lifestyle Group underlying revenues grew 2.9% (3.9% in constant currency) compared with the prior-year figure. The uptick was driven by impressive performance of the Merrell brand, which grew at a low-single digit rate. However, the improvement was partially offset by low-double digit decline in Hush Puppies and Chaco.
At the Boston Group, underlying revenues remained flat with the prior-year number. While the same was flat at Sperry brand, at Saucony the metric declined in high single digit.
Underlying revenues at the Heritage Group increased by 2.6% compared with the prior-year number. Wolverine brand revenue grew in double-digit, while the metric at Bates, Harley-Davidson and HYTEST decreased in the quarter.
Moving on, the company's adjusted gross profit remained almost flat at $232.1 million, while gross margin expanded 170 basis points (bps) during the third quarter to reach 41.6%, courtesy of gains from WAY FORWARD initiative, strong e-commerce growth and lower closeout sales. Also, most of the company's brands witnessed favorable gross margin during the quarter.
Further, adjusted operating profit came in at $70.5 million, up from $68.4 million, while adjusted operating margin expanded 80 bps to 12.6%. Operating margin gained from gross margin expansion on account of favorable product mix, reduced product costs, lower markdowns and benefits from a cleaner inventory pipeline.
SG&A in the quarter declined 5.2% to $161.6 million, which includes $13 million associated with GLOBAL GROWTH AGENDA.
Other Financials
Wolverine ended the quarter with cash and cash equivalents of $228.1 million, long-term debt of $601 million and stockholders' equity of $1,062.3 million.
During the quarter, the company repurchased shares worth $20 million. The company still has $130 million remaining under its current share repurchase program.
Other Developments
GLOBAL GROWTH AGENDA encompasses three key strategies, namely Powerful Product Creation Engine, Digital-Direct Offense and International Expansion with focus on China. The company seeks to create a strong, innovative and fast product pipeline, and remains on track to invest $40-$45 million incremental investment to drive top-line growth in near future. Also, it is making efforts to enhance digital capabilities and has allocated approximately $15 million of incremental investment to this area.
Management expects Merrell to post low-teens growth, while Sperry is anticipated to register high-single-digit growth in the final quarter of 2018. Also, the company envisions e-commerce business to remain strong.
Guidance
Wolverine now expects revenues to be around $2.24 billion for 2018, reflecting a 2.5% underlying growth for the year. This includes the fourth quarter impact of the bankruptcy of a work boot customer and softness in the Latin America region. For the fourth quarter, underlying revenues are anticipated to grow in the range of 3-5%.
Additionally, gross margin for the year is expected to expand roughly 150 bps, up from the prior view of a 100-130 bps increase. Management expects fourth-quarter gross margin to improve by roughly 80 bps. Further, adjusted operating margin is expected to be approximately 12.1%.
Management now envisions adjusted earnings in the range of $2.12-$2.16 per share compared with the earlier view of $2.08-$2.15. The Zacks Consensus Estimate for full-year earnings is pegged at $2.13.
Looking for High-Performing Stocks? Check These
Rocky Brands, Inc. RCKY delivered an average positive earnings surprise of 53.3% in the trailing four quarters. The company carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 69.1% in the trailing four quarters. The company has a long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy).
Ralph Lauren Corporation RL has a long-term earnings growth rate of 9.6% and a Zacks Rank #2.
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Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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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
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
Ralph Lauren Corporation (RL): 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.
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 delivered an average positive earnings surprise of 69.1% in the trailing four quarters. Click to get this free report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. Wolverine World Wide, Inc.WWW came up with mixed third-quarter 2018 results, wherein earnings surpassed the Zacks Consensus Estimate but sales lagged.
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Click to get this free report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 69.1% in the trailing four quarters. Wolverine World Wide, Inc. Price, Consensus and EPS Surprise Wolverine World Wide, Inc. Price, Consensus and EPS Surprise | Wolverine World Wide, Inc. Quote The Outdoor & Lifestyle Group underlying revenues grew 2.9% (3.9% in constant currency) compared with the prior-year figure.
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Click to get this free report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 69.1% in the trailing four quarters. Wolverine World Wide, Inc. Price, Consensus and EPS Surprise Wolverine World Wide, Inc. Price, Consensus and EPS Surprise | Wolverine World Wide, Inc. Quote The Outdoor & Lifestyle Group underlying revenues grew 2.9% (3.9% in constant currency) compared with the prior-year figure.
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Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 69.1% in the trailing four quarters. Click to get this free report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. SG&A in the quarter declined 5.2% to $161.6 million, which includes $13 million associated with GLOBAL GROWTH AGENDA.
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5e2cd1cd-a942-40a8-bcec-2f9190ea67e1
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724272.0
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2018-11-07 00:00:00 UTC
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Deckers' (DECK) Strategic Endeavors Remain Well on Track
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DECK
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https://www.nasdaq.com/articles/deckers-deck-strategic-endeavors-remain-well-on-track-2018-11-07
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nan
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nan
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Deckers Outdoor Corporation 's DECK focus on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce along with optimizing omni-channel distribution bode well.
All these strategic efforts helped the company to deliver robust performance in second-quarter fiscal 2019, wherein the top and bottom lines outpaced the respective expectations. Both the metrics also improved on a year-over-year basis. This outperformance prompted management to lift sales and earnings view for the fiscal year.(Read: Deckers Beats on Q2 Earnings & Revenues, Guides Up )
Additionally, Deckers has made substantial investments to strengthen online presence and open smaller concept omni-channel outlets in a bid to keep with the changing trends. This apart, the company's focus on opening smaller concept omni-channel outlets and expanding programs like Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect to enhance customers' shopping experience are encouraging. Deckers is making new additions to its portfolio as well.
The company is on track with its strategic endeavours to drive long-term growth. Its store-fleet optimization plan emphasizes on striking the right balance between digital and physical stores. These actions are likely to boost profitability and shareholder returns as well as enhance brand and store performances. Clearly, Decker that shares its space with Rocky Brands RCKY , NIKE NKE , Skechers SKX is likely to continue with its stellar show in the upcoming quarters, which is quite evident from management's encouraging outlook.
For fiscal 2019, management now anticipates net sales in the band of $1,935-$1,960 million, up from its prior projection of $1,930-$1,955 million. Adjusted earnings are projected in the range of $6.65-$6.85 per share, which portrays an improvement over $5.74 reported in fiscal 2018. The company had earlier forecasted adjusted earnings in the $6.25-$6.45 per share range.
Also, gross margin for the fiscal year is anticipated to be about 50%, with operating margin in the band of 13-13.2%. The company forecasts sales at HOKA ONE ONE brand to be up in the mid to high 30% range. However, management expects revenues from both the UGG and Teva brands to be down in low-single digits, while the same from Sanuk brand is projected to be down in mid-single digit.
Nevertheless, we expect the aforementioned tailwinds to continue strengthening the company's performance and help it sustain in investors' good books.
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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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
Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
NIKE, Inc. (NKE): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): 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.
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 's DECK focus on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce along with optimizing omni-channel distribution bode well. Clearly, Decker that shares its space with Rocky Brands RCKY , NIKE NKE , Skechers SKX is likely to continue with its stellar show in the upcoming quarters, which is quite evident from management's encouraging outlook. (Read: Deckers Beats on Q2 Earnings & Revenues, Guides Up ) Additionally, Deckers has made substantial investments to strengthen online presence and open smaller concept omni-channel outlets in a bid to keep with the changing trends.
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(Read: Deckers Beats on Q2 Earnings & Revenues, Guides Up ) Additionally, Deckers has made substantial investments to strengthen online presence and open smaller concept omni-channel outlets in a bid to keep with the changing trends. Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation 's DECK focus on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce along with optimizing omni-channel distribution bode well.
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(Read: Deckers Beats on Q2 Earnings & Revenues, Guides Up ) Additionally, Deckers has made substantial investments to strengthen online presence and open smaller concept omni-channel outlets in a bid to keep with the changing trends. Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation 's DECK focus on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce along with optimizing omni-channel distribution bode well.
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Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation 's DECK focus on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce along with optimizing omni-channel distribution bode well. (Read: Deckers Beats on Q2 Earnings & Revenues, Guides Up ) Additionally, Deckers has made substantial investments to strengthen online presence and open smaller concept omni-channel outlets in a bid to keep with the changing trends.
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507c09bc-3963-4a39-9773-9c06ae1c7c72
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724273.0
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2018-11-07 00:00:00 UTC
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Michael Kors (KORS) Q2 Earnings Beat, Sales Lag Estimates
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DECK
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https://www.nasdaq.com/articles/michael-kors-kors-q2-earnings-beat-sales-lag-estimates-2018-11-07
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nan
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nan
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Michael Kors Holdings LimitedKORS maintained its positive earnings surprise streak for the 14th straight quarter, when it reported second-quarter fiscal 2019 results. On the contrary, revenues fell short of the Zacks Consensus Estimate, after six successive quarters of beat. Analysts pointed that the company's sluggish performance in Europe might have hurt the top line to an extent. Nevertheless, total revenue improved year over year, however, this failed to restrain the decline in the bottom line that was marred by higher operating expenses.
As a result, shares of this Zacks Rank #3 (Hold) company are down more than 11% during pre-market trading hours. In the past three months, the stock has plunged about 18%, while the industry declined 3.2%.
This designer, marketer, distributor and retailer of branded apparel and accessories delivered adjusted quarterly earnings of $1.27 per share that surpassed the Zacks Consensus Estimate of $1.09 but fell from $1.33 reported in the year-ago quarter. Nonetheless, management raised its fiscal 2019 earnings view citing better-than-expected performance for both the Michael Kors and Jimmy Choo brands.
Total revenues of $1,253.8 million grew 9.3% year over year but came below the Zacks Consensus Estimate of $1,259.3 million. Top line includes revenue contribution of $1,137.1 million from Michael Kors, down 0.8% year over year and $116.7 million from Jimmy Choo. On a constant currency basis, total revenues were up 9.9%.
Adjusted gross profit jumped 10.8% to $765.4 million. Meanwhile, adjusted gross margin increased 80 basis points (bps) to 61%. Adjusted operating income declined 8.6% to $216.9 million, while operating margin contracted 340 bps to 17.3%.
Segment Performance
MK Retail revenue came in at $643.9 million, down 0.2% year over year. Comparable sales (comps) slid 2.1%. The company witnessed positive performance in the Americas and Asia, offset by decline in Europe. On a constant currency basis, retail revenue inched up 0.5%, while comps fell 1.3%.
MK Wholesale revenue fell 1.3% to $457.8 million, while on a constant currency basis, the same edged down 0.9%. The positive performance in the Americas and Asia was offset by decline in EMEA.
MK Licensing revenue decreased 6.8% to $35.4 million due to soft performance in the Americas, partly offset by marginally better performance in EMEA from the year-ago period.
Other Financial Details
Michael Kors ended the quarter with cash and cash equivalents of $155.2 million, long-term debt of $504.6 million and shareholders' equity of $2,179.7 million, excluding non-controlling interest of $3.6 million.
Store Update
As of Sep 29, 2018, there were 1,058 stores (854 Michael Kors stores - 398 in the Americas, 195 in Europe and 261 in Asia - and 204 Jimmy Choo stores).
Guidance
Management now envisions third-quarter fiscal 2019 total revenue to be about $1,460 million, comprising incremental revenue of $165 million from Jimmy Choo. Retail revenue for Michael Kors is projected to improve in the low-single-digits.
On a reported basis, management forecasts third-quarter comps to decline in the low-single-digits. The company expects wholesale revenue to decline in the high-single-digits, and licensing revenue to fall in the mid-teens.
Third-quarter operating margin is projected to be approximately 20.8%. The company forecast earnings in the band of $1.52-$1.57 per share, including accretion from Jimmy Choo of approximately 4-6 cents. The Zacks Consensus Estimate for the third quarter currently stands at $1.80, which may witness a downward revision in the coming days.
For fiscal 2019, management continues to project total revenue to be approximately $5,125 million, comprising incremental revenue of $580-$590 million from Jimmy Choo. Comparable sales for Michael Kors are expected decline in the low-single-digits. Operating margin is now expected to be roughly 18.2%.
Management envisions earnings in the range of $4.95-$5.05 per share, including dilution from Jimmy Choo of approximately flat to 5 cents. The company had earlier guided earnings in the range of $4.90-$5.00 per share. The Zacks Consensus Estimate for fiscal 2019 is pegged at $5.02.
3 Hot Stocks Awaiting Your Look
Columbia Sportswear COLM delivered an average positive earnings surprise of 79.9% in the trailing four quarters. It has a long-term earnings growth rate of 10.8% and a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Deckers DECK delivered an average positive earnings surprise of 69.1% in the trailing four quarters. It has a long-term earnings growth rate of 11.3% and a Zacks Rank #2.
Ralph Lauren RL has a long-term earnings growth rate of 9.6% and carries a Zacks Rank #2.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Ralph Lauren Corporation (RL): Free Stock Analysis Report
Columbia Sportswear Company (COLM): Free Stock Analysis Report
Michael Kors Holdings Limited (KORS): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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Deckers DECK delivered an average positive earnings surprise of 69.1% in the trailing four quarters. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. Michael Kors Holdings LimitedKORS maintained its positive earnings surprise streak for the 14th straight quarter, when it reported second-quarter fiscal 2019 results.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers DECK delivered an average positive earnings surprise of 69.1% in the trailing four quarters. Guidance Management now envisions third-quarter fiscal 2019 total revenue to be about $1,460 million, comprising incremental revenue of $165 million from Jimmy Choo.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers DECK delivered an average positive earnings surprise of 69.1% in the trailing four quarters. Top line includes revenue contribution of $1,137.1 million from Michael Kors, down 0.8% year over year and $116.7 million from Jimmy Choo.
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Deckers DECK delivered an average positive earnings surprise of 69.1% in the trailing four quarters. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. Nonetheless, management raised its fiscal 2019 earnings view citing better-than-expected performance for both the Michael Kors and Jimmy Choo brands.
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2018-11-02 00:00:00 UTC
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Prestige Consumer (PBH) Stock Gains on Q2 Earnings Beat
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DECK
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https://www.nasdaq.com/articles/prestige-consumer-pbh-stock-gains-on-q2-earnings-beat-2018-11-02
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Prestige Consumer Healthcare, Inc . PBH came out with second-quarter fiscal 2019 results, wherein earnings and revenues beat the Zacks Consensus Estimate. Organic revenues increased year over year, backed by robust consumption trends. Further, management retained its view for fiscal 2019.
Notably, this marks the company's third consecutive earnings beat. The strong bottom-line history, combined with continued growth in consumption trends, seems to have bolstered investors optimism, which is evident from the stocks rise of roughly 4% yesterday. Such upsides have also aided shares of this Zacks Rank #2 (Buy) company to surge 28.2% in the past six months compared with the industry 's 15.3% growth.
That said, lets delve into the quarterly performance.
Q1 in Details
The company posted adjusted earnings of 65 cents per share, up 7% from the year-ago quarter's figure. Bottom line gained from strong financial profile that aided to leverage capabilities. Also, the figure surpassed the Zacks Consensus Estimate of 63 cents.
Total revenues of $239.4 million beat the Zacks Consensus Estimate of $238.6 million. The top line dropped 7.2% year over year. Nevertheless, organic revenues increased 1.6%, driven by strong consumption trends in several brands that were partially offset by change in accounting policies and packaging expenses of Goody's and BC brands.
Gross profit came in at $137.5 million, reflecting a decline of 4.6% from the prior-year quarter's figure. Also, adjusted gross margin expanded 160 basis points (bps) to 57.4% in the fiscal second quarter, primarily driven by the divestiture of Household Cleaning segment, and progress in minimizing freight and warehousing costs.
Moreover, adjusted EBITDA was $80.2 million, down 7.3% year over year, owing to the household divestiture. Adjusted EBITDA margin remained flat at 33.5%.
Prestige Brand Holdings, Inc. Price, Consensus and EPS Surprise
Prestige Brand Holdings, Inc. Price, Consensus and EPS Surprise | Prestige Brand Holdings, Inc. Quote
Segment Performance
Following the divestiture of Household Cleaning segment in Jul 2, 2018, Prestige Consumer is currently operating two segments:
Revenues in the North American OTC Healthcare segment amounted $216 million, up 0.3% year over year. The segment gained from consumption growth across core OTC brands, partially offset by change in revenue recognition accounting policies, and the launch of new packaging for BC and Goody's brands.
Revenues in the International OTC Healthcare segment totaled $23.4 million, up 11.7% from the year-ago quarter. The rise was attributable to consumption growth along with normalization of differences in shipments and distributor orders.
Financial Updates
The company exited the quarter under review with cash and cash equivalents of $36.9 million, net long-term debt of $1,895.8 million and shareholders' equity of $1,193.2 million. Net cash provided by operating activities in the quarter was $39.3 million.
Outlook
The company retained its fiscal 2019 outlook. Management continues to expect revenues of $985-$995 million. Further, adjusted earnings per share are still projected to be $2.84-$2.92.
Additionally, Prestige Consumer is on track with its three core strategies. It is striving to maintain a strong balance sheet, cost-effective capital allocation and returning high value to shareholders.
Looking for More Consumer Discretionary Stocks? Check These
Columbia Sportswear Company COLM , carrying a Zacks Rank #1 (Strong Buy), has an impressive earnings surprise history and a long-term growth rate of 10.8%. You can see the complete list of today's Zacks #1 Rank stocks here .
G-III Apparel Group, LTD GIII , with long-term earnings per share growth rate of 15%, carries a Zacks Rank #1.
Deckers Outdoor Corporation DECK , with long-term earnings per share growth rate of 11.3%, carries a Zacks Rank #2.
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Prestige Brand Holdings, Inc. (PBH): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Columbia Sportswear Company (COLM): Free Stock Analysis Report
G-III Apparel Group, LTD. (GIII): 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.
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 , with long-term earnings per share growth rate of 11.3%, carries a Zacks Rank #2. Click to get this free report Prestige Brand Holdings, Inc. (PBH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report To read this article on Zacks.com click here. The strong bottom-line history, combined with continued growth in consumption trends, seems to have bolstered investors optimism, which is evident from the stocks rise of roughly 4% yesterday.
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Click to get this free report Prestige Brand Holdings, Inc. (PBH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK , with long-term earnings per share growth rate of 11.3%, carries a Zacks Rank #2. Prestige Brand Holdings, Inc. Price, Consensus and EPS Surprise Prestige Brand Holdings, Inc. Price, Consensus and EPS Surprise | Prestige Brand Holdings, Inc. Quote Segment Performance Following the divestiture of Household Cleaning segment in Jul 2, 2018, Prestige Consumer is currently operating two segments: Revenues in the North American OTC Healthcare segment amounted $216 million, up 0.3% year over year.
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Click to get this free report Prestige Brand Holdings, Inc. (PBH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK , with long-term earnings per share growth rate of 11.3%, carries a Zacks Rank #2. Prestige Brand Holdings, Inc. Price, Consensus and EPS Surprise Prestige Brand Holdings, Inc. Price, Consensus and EPS Surprise | Prestige Brand Holdings, Inc. Quote Segment Performance Following the divestiture of Household Cleaning segment in Jul 2, 2018, Prestige Consumer is currently operating two segments: Revenues in the North American OTC Healthcare segment amounted $216 million, up 0.3% year over year.
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Deckers Outdoor Corporation DECK , with long-term earnings per share growth rate of 11.3%, carries a Zacks Rank #2. Click to get this free report Prestige Brand Holdings, Inc. (PBH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report To read this article on Zacks.com click here. Further, management retained its view for fiscal 2019.
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2018-11-01 00:00:00 UTC
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Footwear and Apparel Industry Outlook: Steady Growth Ahead
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DECK
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https://www.nasdaq.com/articles/footwear-and-apparel-industry-outlook%3A-steady-growth-ahead-2018-11-01
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The Zacks Shoes and Retail Apparel industry comprises companies that designs, sources and markets clothing, footwear and accessories for men, women and children, under various brand names. The product offerings of these companies mostly include athletic and casual footwear, fashion apparel and activewear, sports equipment, bags, balls, as well as other sports and fashion accessories.
These companies showcase their products through their own branded outlets and websites. However, some companies also distribute products via other retail stores, such as national chains, online retailers, sporting goods stores, department stores, mass merchandisers, independent retailers and catalogs.
Here are the three major themes in the industry:
These companies typically benefit from a positive consumer sentiment, as they mostly offer consumer discretionary items. Rise in personal income due to a strengthening economy, tightened labor market and lower taxes are some of the factors that are boosting consumer spending and confidence. In fact, consumer spending, which accounts for nearly 70% of the U.S. economic activity, largely influences the production schedules of these companies.
The athletic wear section of the industry is benefiting from increasing health awareness and indulgence in fitness activities. Additionally, sporting goods companies in the industry are the prime beneficiaries of various sporting events held from time to time, as sponsorship for these events adds value to the image of leading brands. This constitutes a major source of revenues for this segment through improved opportunities for demand creation. On the other hand, companies that market fashion footwear, apparel and accessories are poised to gain from the upcoming holiday season, which is their key selling period.
Most of the industry participants are aggressively bolstering their digital and e-commerce capacities to stay put in the fiercely competitive environment. They are committed toward building direct connections with customers through investments in differentiated retail concepts, mobile apps, dotcom and digital partners. Apart from enhancing their digital ecosystem, the companies are focused on meeting consumer demand faster by improving the speed of fulfilling online orders. While these endeavors could boost sales, the related costs will keep margin under pressure. Nevertheless, companies are also making efforts to curtail costs.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Shoes & Retail Apparel Industry is a 12-stock group within the broader Zacks Consumer Discretionary Sector . The industry currently carries a Zacks Industry Rank #47, which places it at the top 19% 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 continued outperformance in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
Our proprietary Heat Map shows that the industry's rank has improved considerably over the past eight weeks.
The industry's positioning in the top 50% of the Zacks-ranked industries is a result of positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group's earnings growth potential. In the past year, the industry's earnings estimate for the current year has been increased by nearly 3%.
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 Outperforms Shareholder Returns
The Zacks Shoes and Retail Apparel Industry has outperformed both the S&P 500 and its own sector over the past year.
While the stocks in this industry have collectively gained 30.5%, the Zacks S&P 500 Composite and Zacks Consumer Discretionary Sector have rallied 4.1% and 2.8%, respectively.
One-Year Price Performance
Shoes and Retail Apparel Industry's Valuation
On the basis of forward 12-month Price-to-earnings (P/E) ratio, which is commonly used for valuing Consumer Discretionary stocks, the industry is currently trading at 22.77X compared with the S&P 500's 15.9X and the sector's 17.41X.
Over the last five years, the industry has traded as high as 25.92X, as low as 18.63X, and at the median of 22.18X, as the chart below shows.
Price-to-Earnings Ratio (Past 5 Years)
Bottom Line
Increasing health hazards due to changing lifestyle preferences, growing obesity rates, and urbanization are resulting in increased focus on health and fitness. This should keep demand for athletic footwear and apparel going. Additionally, the industry is poised to gain from the introduction of newer styles and the growth of omni-channel that are revamping customer experiences.
While only one stock in the Zacks Shoes & Retail Apparel universe currently holds a Zacks Rank #1 (Strong Buy), we have also mentioned another stock with a Zacks Rank #2 (Buy). Additionally, we suggest two more stocks from the same industry, which we believe investors should hold on to, as they carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank stocks here .
Let's have a look at them.
Rocky Brands Inc. (RCKY): This Nelsonville, OH-based footwear and apparel company has surged 58.3% in the past year. The Zacks Consensus Estimate for the current-year EPS was revised 7.6% upward in the last 30 days. The company currently has a Zacks Rank #1.
Price and Consensus: RCKY
Deckers Outdoor Corportaion (DECK): The consensus EPS estimate for this Goleta, CA-based company moved 4.7% higher for the current fiscal year in the last seven days. This Zacks Rank #2 stock has rallied 85.7% over the past year.
Price and Consensus: DECK
Skechers U.S.A. Inc. (SKX): The stock of this California-based company gained 6.8% in the past month. The consensus EPS estimate for the current year was revised 5.8% upward in the last 30 days. The company currently has a Zacks Rank #3.
Price and Consensus: SKX
Steven Madden, Ltd. (SHOO): The stock of this New York-based company has gained 23.8% in the past year. The Zacks Consensus Estimate for current-year EPS has been stable in the last 30 days. The company currently has a Zacks Rank #3.
Price and Consensus: SHOO
Wall Street's Next Amazon
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Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
Steven Madden, Ltd. (SHOO): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): 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.
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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Price and Consensus: RCKY Deckers Outdoor Corportaion (DECK): The consensus EPS estimate for this Goleta, CA-based company moved 4.7% higher for the current fiscal year in the last seven days. Price and Consensus: DECK Skechers U.S.A. Inc. (SKX): The stock of this California-based company gained 6.8% in the past month. Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): 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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Price and Consensus: RCKY Deckers Outdoor Corportaion (DECK): The consensus EPS estimate for this Goleta, CA-based company moved 4.7% higher for the current fiscal year in the last seven days. Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Price and Consensus: DECK Skechers U.S.A. Inc. (SKX): The stock of this California-based company gained 6.8% in the past month.
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Price and Consensus: RCKY Deckers Outdoor Corportaion (DECK): The consensus EPS estimate for this Goleta, CA-based company moved 4.7% higher for the current fiscal year in the last seven days. Price and Consensus: DECK Skechers U.S.A. Inc. (SKX): The stock of this California-based company gained 6.8% in the past month. Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): 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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Price and Consensus: RCKY Deckers Outdoor Corportaion (DECK): The consensus EPS estimate for this Goleta, CA-based company moved 4.7% higher for the current fiscal year in the last seven days. Price and Consensus: DECK Skechers U.S.A. Inc. (SKX): The stock of this California-based company gained 6.8% in the past month. Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): 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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2018-11-01 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Columbia Sportswear, Marcus, Deckers Outdoor, Monro and Rocky Brands
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DECK
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-columbia-sportswear-marcus-deckers-outdoor-monro-and
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For Immediate Release
Chicago, IL - November 1, 2018 - 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 Columbia Sportswear Co. COLM , The Marcus Corp. MCS , Deckers Outdoor Corp. DECK , Monro, Inc. MNRO and Rocky Brands, Inc. RCKY .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday's Analyst Blog:
Consumer Confidence Leaps to 18-Year Highs: 5 Big Gainers
Consumers in America are currently most confident in almost two decades, courtesy of a healthy labor market and strong economic outlook. Their assessment of present-day conditions is positive, making them confident of continued economic expansion, at least in the near term.
More the confident consumers are about their well-being, the more will they spend. Thus, things are currently looking up for consumer discretionary companies that are poised to gain on signs of renewed strength in consumer spending.
Consumers in High Spirits
U.S. consumer confidence soared to its highest in 18 years in October, per the Conference Board, a business research organization. The consumer confidence index climbed to 137.9 from 135.3 in September. Economists had expected the consumer index to slip to 134.9 in the month.
Nonetheless, the key economic indicator that measures attitudes on future economic prospects registered its best reading since the fall of 2000 and is not too far from the all-time high of 144.7 reached that year.
People's confidence in the present situations improved from 169.4 last month to 172.8 this month, matching the highest level reached in December 2000. The future expectations index also moved from 112.5 to 114.6, an 18-year high.
What Drove Confidence?
Household optimism was largely driven by robust labor market, suggesting strong economic expansion in the near future. Lynn Franco, senior director of economic indicators at the Conference Board, said that American's assessment of present condition has improved, mostly because of solid employment growth. She added that "the expectations index posted another gain in October, suggesting that consumers do not foresee the economy losing steam anytime soon, rather, they expect the strong pace of growth to carry over into early 2019."
The U.S. unemployment rate is currently at a 49-year low of 3.7%, the lowest since December 1969. Meanwhile, the country's total output of goods and services expanded at an annualized pace of 3.5% in the third quarter. In fact, the economy in the last two quarters recorded the fastest six-month growth in four years and is on track to hit Trump administration's annual growth target of 3%. If that happens, it would be the best yearly performance since 2005, two years before the Great Recession.
Why Does Consumer Confidence Matter?
Such a record consumer confidence number is a significant reading since it has been, historically, good at predicting consumer spending for the next three to six months. More the confidence households generate, the more will they spend. Notably, consumer spending accounts for roughly 70% of the U.S. economy, which isn't a petty number.
These numbers influence companies' production schedule, particularly consumer discretionary items. In fact, consumer discretionary items including durable goods, apparel, entertainment and leisure, and automobiles are mostly affected as spending plays a major role in determining revenues.
5 Stocks to Gain From Confident Consumers
Since the aforesaid areas are positioned to benefit from this stellar reading on confidence level, picking stocks from the same will be a smart move. We have, thus, selected five consumer discretionary stocks that flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy).
The stocks also boast a VGM Score of A or B. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three metrics. Such a score allows you to eliminate the negative aspects of stocks and select winners.
Columbia Sportswear Co. designs, markets, and distributes outdoor and active lifestyle apparel, footwear and accessories. The stock has a Zacks Rank #1 and a VGM Score of B. The Zacks Consensus Estimate for its current-year earnings has increased 3.2% in the last 60 days. The company's expected earnings growth rate for the current year is 20.2% compared with the Textile - Apparel industry's projected rise of 18%.
The Marcus Corp. owns and operates movie theatres, and hotels and resorts. The stock has a Zacks Rank #1 and a VGM Score of A. The Zacks Consensus Estimate for its current-year earnings has increased 6.8% in the last 60 days. The company's expected earnings growth rate for the current year is 22.1% compared with the Leisure and Recreation Services industry's estimated rise of 5%.
Deckers Outdoor Corp. designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use. The stock has a Zacks Rank #1 and a VGM Score of B. The Zacks Consensus Estimate for its current-year earnings has increased almost 5% in the last 60 days. The company's expected earnings growth rate for the current year is 17.6% compared with the Shoes and Retail Apparel industry's projected rise of 17.1%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Monro, Inc. provides automotive undercar repair, and tire sales and services. The stock has a Zacks Rank #2 and a VGM Score of B. The Zacks Consensus Estimate for its current-year earnings has increased 0.9% in the last 60 days. The company's expected earnings growth rate for the current year is 13.9% compared with the Consumer Services - Miscellaneous industry's projected rise of 8.6%.
Rocky Brands, Inc. designs, manufactures, and markets footwear and apparel. The stock has a Zacks Rank #1 and a VGM Score of B. The Zacks Consensus Estimate for its current-year earnings has increased 7.6% in the last 60 days. The company's expected earnings growth rate for the current year is 57.8% compared with the Shoes and Retail Apparel industry's estimated rise of 17.1%.
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
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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.
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
Marcus Corporation (The) (MCS): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
Columbia Sportswear Company (COLM): Free Stock Analysis Report
Monro Muffler Brake, Inc. (MNRO): 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.
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 Columbia Sportswear Co. COLM , The Marcus Corp. MCS , Deckers Outdoor Corp. DECK , Monro, Inc. MNRO and Rocky Brands, Inc. RCKY . Deckers Outdoor Corp. designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use. Click to get this free report Marcus Corporation (The) (MCS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Monro Muffler Brake, Inc. (MNRO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include Columbia Sportswear Co. COLM , The Marcus Corp. MCS , Deckers Outdoor Corp. DECK , Monro, Inc. MNRO and Rocky Brands, Inc. RCKY . Click to get this free report Marcus Corporation (The) (MCS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Monro Muffler Brake, Inc. (MNRO): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use.
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Click to get this free report Marcus Corporation (The) (MCS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Monro Muffler Brake, Inc. (MNRO): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include Columbia Sportswear Co. COLM , The Marcus Corp. MCS , Deckers Outdoor Corp. DECK , Monro, Inc. MNRO and Rocky Brands, Inc. RCKY . Deckers Outdoor Corp. designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use.
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Stocks recently featured in the blog include Columbia Sportswear Co. COLM , The Marcus Corp. MCS , Deckers Outdoor Corp. DECK , Monro, Inc. MNRO and Rocky Brands, Inc. RCKY . Deckers Outdoor Corp. designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use. Click to get this free report Marcus Corporation (The) (MCS): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Monro Muffler Brake, Inc. (MNRO): Free Stock Analysis Report To read this article on Zacks.com click here.
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ee345fac-e4ed-4c25-9e85-fec3d2f604af
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724277.0
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2018-11-01 00:00:00 UTC
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Bull of the Day: Decker's Outdoor (DECK)
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DECK
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https://www.nasdaq.com/articles/bull-day-deckers-outdoor-deck-2018-11-01
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nan
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nan
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Based in Goleta, CA, Decker's Outdoor Corp. (DECK) is a retailer that specializes in innovative footwear, apparel, and accessories. Decker's has a unique portfolio of brands that includes UGG, Koolaburra, HOKA ONE ONE, Teva, and Sanuk, and its products are sold in over 50 countries through department and specialty stores, company-owned retail stores, and online.
Better-Than-Expected Q2 Earnings
Recently, Decker's reported nice results for its second quarter.
Earnings of $2.38 topped the Zacks Consensus Estimate of $1.72 and improved substantially from the $1.54 reported in the prior-year quarter.
Revenues grew 4% to $501.9 million and also came ahead of our consensus estimate. This marked the seventh successive quarter of a positive sales surprise.
Net sales growth benefited greatly from the company's HOKA ONE ONE brand, as well as a rise in domestic UGG e-commerce sales, Asia-Pacific wholesale sales, and Koolaburra sales.
In the earnings release, CEO Dave Powers said "[T]he Company continues to execute well on our long-term plan of improving levels of profitability. Additionally, our confidence in our strategy, the momentum we see in the business and the strength of the brand portfolio has led us to raise our fiscal year 2019 guidance."
Revenues are now expected to be in the range of $1.935 billion to $1.960 billion, with earnings in the range of $6.65 to $6.85 per share. The company had earlier guided adjusted earnings in the range of $6.25-$6.45 per share.
Price Performance
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote
Year-to-date, TWLO stock has gained around 60%, and shares are up over 88% over the past 12 months. In comparison, the S&P 500 is only up 1.4% and 6%, respectively.
Estimates have been rising lately too, pushing the stock towards a Zacks Rank #1 (Strong Buy).
For the current fiscal year, Twilio's earnings are expected to grow 17.6% year-over-year. The Zacks Consensus Estimate has moved 32 cents higher in the past 60 days from $6.43 to $6.75 cents per share.
Next year looks pretty strong too, and earnings are expected to grow around 9.5%; the consensus estimate sits at $7.39 cents per share, with five upward revisions in the last two months.
Bottom Line
If Decker's can continue to find success in its core UGG franchise, as well as the booming HOKA brand, the company will be able easily achieve its short- and long-term goals.
For those investors looking for a retail stock to add to their portfolio, DECK should definitely be on the shortlist.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today 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
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.
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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Bottom Line If Decker's can continue to find success in its core UGG franchise, as well as the booming HOKA brand, the company will be able easily achieve its short- and long-term goals. Based in Goleta, CA, Decker's Outdoor Corp. (DECK) is a retailer that specializes in innovative footwear, apparel, and accessories. Decker's has a unique portfolio of brands that includes UGG, Koolaburra, HOKA ONE ONE, Teva, and Sanuk, and its products are sold in over 50 countries through department and specialty stores, company-owned retail stores, and online.
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Price Performance Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Year-to-date, TWLO stock has gained around 60%, and shares are up over 88% over the past 12 months. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Based in Goleta, CA, Decker's Outdoor Corp. (DECK) is a retailer that specializes in innovative footwear, apparel, and accessories.
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Price Performance Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Year-to-date, TWLO stock has gained around 60%, and shares are up over 88% over the past 12 months. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Based in Goleta, CA, Decker's Outdoor Corp. (DECK) is a retailer that specializes in innovative footwear, apparel, and accessories.
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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. Based in Goleta, CA, Decker's Outdoor Corp. (DECK) is a retailer that specializes in innovative footwear, apparel, and accessories. Decker's has a unique portfolio of brands that includes UGG, Koolaburra, HOKA ONE ONE, Teva, and Sanuk, and its products are sold in over 50 countries through department and specialty stores, company-owned retail stores, and online.
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d8508102-21a1-4a63-a23b-211a873e264c
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724278.0
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2018-10-31 00:00:00 UTC
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Consumer Confidence Leaps to 18-Year High: 5 Big Gainers
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DECK
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https://www.nasdaq.com/articles/consumer-confidence-leaps-18-year-high-5-big-gainers-2018-10-31
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nan
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nan
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Consumers in America are currently most confident in almost two decades, courtesy of a healthy labor market and strong economic outlook. Their assessment of present-day conditions is positive, making them confident of continued economic expansion, at least in the near term.
More the confident consumers are about their well-being, the more will they spend. Thus, things are currently looking up for consumer discretionary companies that are poised to gain on signs of renewed strength in consumer spending.
Consumers in High Spirits
U.S. consumer confidence soared to its highest in 18 years in October, per the Conference Board, a business research organization. The consumer confidence index climbed to 137.9 from 135.3 in September. Economists had expected the consumer index to slip to 134.9 in the month.
Nonetheless, the key economic indicator that measures attitudes on future economic prospects registered its best reading since the fall of 2000 and is not too far from the all-time high of 144.7 reached that year.
(Source: The Conference Board )
People's confidence in the present situations improved from 169.4 last month to 172.8 this month, matching the highest level reached in December 2000. The future expectations index also moved from 112.5 to 114.6, an 18-year high.
What Drove Confidence?
Household optimism was largely driven by robust labor market, suggesting strong economic expansion in the near future. Lynn Franco, senior director of economic indicators at the Conference Board, said that American's assessment of present condition has improved, mostly because of solid employment growth. She added that "the expectations index posted another gain in October, suggesting that consumers do not foresee the economy losing steam anytime soon, rather, they expect the strong pace of growth to carry over into early 2019."
The U.S. unemployment rate is currently at a 49-year low of 3.7%, the lowest since December 1969. Meanwhile, the country's total output of goods and services expanded at an annualized pace of 3.5% in the third quarter. In fact, the economy in the last two quarters recorded the fastest six-month growth in four years and is on track to hit Trump administration's annual growth target of 3%. If that happens, it would be the best yearly performance since 2005, two years before the Great Recession.
Why Does Consumer Confidence Matter?
Such a record consumer confidence number is a significant reading since it has been, historically, good at predicting consumer spending for the next three to six months. More the confidence households generate, the more will they spend. Notably, consumer spending accounts for roughly 70% of the U.S. economy, which isn't a petty number.
These numbers influence companies' production schedule, particularly consumer discretionary items. In fact, consumer discretionary items including durable goods, apparel, entertainment and leisure, and automobiles are mostly affected as spending plays a major role in determining revenues.
5 Stocks to Gain From Confident Consumers
Since the aforesaid areas are positioned to benefit from this stellar reading on confidence level, picking stocks from the same will be a smart move. We have, thus, selected five consumer discretionary stocks that flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy).
The stocks also boast a VGM Score of A or B. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three metrics. Such a score allows you to eliminate the negative aspects of stocks and select winners.
Columbia Sportswear CompanyCOLM designs, markets, and distributes outdoor and active lifestyle apparel, footwear and accessories. The stock has a Zacks Rank #1 and a VGM Score of B. The Zacks Consensus Estimate for its current-year earnings has increased 3.2% in the last 60 days. The company's expected earnings growth rate for the current year is 20.2% compared with the Textile - Apparel industry's projected rise of 18%.
The Marcus CorporationMCS owns and operates movie theatres, and hotels and resorts. The stock has a Zacks Rank #1 and a VGM Score of A. The Zacks Consensus Estimate for its current-year earnings has increased 6.8% in the last 60 days. The company's expected earnings growth rate for the current year is 22.1% compared with the Leisure and Recreation Services industry's estimated rise of 5%.
Deckers Outdoor CorporationDECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use. The stock has a Zacks Rank #1 and a VGM Score of B. The Zacks Consensus Estimate for its current-year earnings has increased almost 5% in the last 60 days. The company's expected earnings growth rate for the current year is 17.6% compared with the Shoes and Retail Apparel industry's projected rise of 17.1%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Monro, Inc.MNRO provides automotive undercar repair, and tire sales and services. The stock has a Zacks Rank #2 and a VGM Score of B. The Zacks Consensus Estimate for its current-year earnings has increased 0.9% in the last 60 days. The company's expected earnings growth rate for the current year is 13.9% compared with the Consumer Services - Miscellaneous industry's projected rise of 8.6%.
Rocky Brands, Inc.RCKY designs, manufactures, and markets footwear and apparel. The stock has a Zacks Rank #1 and a VGM Score of B. The Zacks Consensus Estimate for its current-year earnings has increased 7.6% in the last 60 days. The company's expected earnings growth rate for the current year is 57.8% compared with the Shoes and Retail Apparel industry's estimated rise of 17.1%.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today 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
Marcus Corporation (The) (MCS): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Columbia Sportswear Company (COLM): Free Stock Analysis Report
Monro Muffler Brake, Inc. (MNRO): 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.
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 CorporationDECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use. Click to get this free report Marcus Corporation (The) (MCS): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Monro Muffler Brake, Inc. (MNRO): Free Stock Analysis Report To read this article on Zacks.com click here. Lynn Franco, senior director of economic indicators at the Conference Board, said that American's assessment of present condition has improved, mostly because of solid employment growth.
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Click to get this free report Marcus Corporation (The) (MCS): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Monro Muffler Brake, Inc. (MNRO): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use. The company's expected earnings growth rate for the current year is 17.6% compared with the Shoes and Retail Apparel industry's projected rise of 17.1%.
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Click to get this free report Marcus Corporation (The) (MCS): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Monro Muffler Brake, Inc. (MNRO): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use. 5 Stocks to Gain From Confident Consumers Since the aforesaid areas are positioned to benefit from this stellar reading on confidence level, picking stocks from the same will be a smart move.
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Deckers Outdoor CorporationDECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use. Click to get this free report Marcus Corporation (The) (MCS): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Monro Muffler Brake, Inc. (MNRO): Free Stock Analysis Report To read this article on Zacks.com click here. More the confident consumers are about their well-being, the more will they spend.
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a79dedda-14b7-4baa-aae1-2b727b6a8af1
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724279.0
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2018-10-31 00:00:00 UTC
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Notable Wednesday Option Activity: CARB, DECK, YUMC
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DECK
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https://www.nasdaq.com/articles/notable-wednesday-option-activity-carb-deck-yumc-2018-10-31
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Carbonite Inc (Symbol: CARB), where a total of 1,703 contracts have traded so far, representing approximately 170,300 underlying shares. That amounts to about 44.9% of CARB's average daily trading volume over the past month of 378,970 shares. Especially high volume was seen for the $40 strike call option expiring November 16, 2018 , with 774 contracts trading so far today, representing approximately 77,400 underlying shares of CARB. Below is a chart showing CARB's trailing twelve month trading history, with the $40 strike highlighted in orange:
Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,156 contracts thus far today. That number of contracts represents approximately 315,600 underlying shares, working out to a sizeable 44.6% of DECK's average daily trading volume over the past month, of 708,300 shares. Particularly high volume was seen for the $120 strike put option expiring December 21, 2018 , with 1,993 contracts trading so far today, representing approximately 199,300 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $120 strike highlighted in orange:
And Yum China Holdings Inc (Symbol: YUMC) options are showing a volume of 9,791 contracts thus far today. That number of contracts represents approximately 979,100 underlying shares, working out to a sizeable 44.4% of YUMC's average daily trading volume over the past month, of 2.2 million shares. Particularly high volume was seen for the $35 strike put option expiring November 16, 2018 , with 6,315 contracts trading so far today, representing approximately 631,500 underlying shares of YUMC. Below is a chart showing YUMC's trailing twelve month trading history, with the $35 strike highlighted in orange:
For the various different available expirations for CARB options , DECK options , or YUMC options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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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Particularly high volume was seen for the $120 strike put option expiring December 21, 2018 , with 1,993 contracts trading so far today, representing approximately 199,300 underlying shares of DECK. Below is a chart showing CARB's trailing twelve month trading history, with the $40 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,156 contracts thus far today. That number of contracts represents approximately 315,600 underlying shares, working out to a sizeable 44.6% of DECK's average daily trading volume over the past month, of 708,300 shares.
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Below is a chart showing CARB's trailing twelve month trading history, with the $40 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,156 contracts thus far today. That number of contracts represents approximately 315,600 underlying shares, working out to a sizeable 44.6% of DECK's average daily trading volume over the past month, of 708,300 shares. Particularly high volume was seen for the $120 strike put option expiring December 21, 2018 , with 1,993 contracts trading so far today, representing approximately 199,300 underlying shares of DECK.
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Below is a chart showing YUMC's trailing twelve month trading history, with the $35 strike highlighted in orange: For the various different available expirations for CARB options , DECK options , or YUMC options , visit StockOptionsChannel.com. Below is a chart showing CARB's trailing twelve month trading history, with the $40 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,156 contracts thus far today. That number of contracts represents approximately 315,600 underlying shares, working out to a sizeable 44.6% of DECK's average daily trading volume over the past month, of 708,300 shares.
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Below is a chart showing YUMC's trailing twelve month trading history, with the $35 strike highlighted in orange: For the various different available expirations for CARB options , DECK options , or YUMC options , visit StockOptionsChannel.com. Below is a chart showing CARB's trailing twelve month trading history, with the $40 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,156 contracts thus far today. That number of contracts represents approximately 315,600 underlying shares, working out to a sizeable 44.6% of DECK's average daily trading volume over the past month, of 708,300 shares.
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898da399-ec96-4d6b-b4dd-8bec67c1b18f
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724280.0
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2018-10-30 00:00:00 UTC
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Deckers (DECK) in Focus: Stock Moves 5.3% Higher
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DECK
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https://www.nasdaq.com/articles/deckers-deck-in-focus%3A-stock-moves-5.3-higher-2018-10-30
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nan
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nan
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Deckers Outdoor CorporationDECK was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $102.49 to $116.44 in the past one-month time frame.
The move came after the company reported better-than-expected second-quarter fiscal 2018 results.
The company has seen its Zacks Consensus Estimate for earnings for the current quarter move higher over the past few weeks, suggesting that more solid trading could be ahead for Deckers. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Deckers currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Deckers Outdoor Corporation Price
Deckers Outdoor Corporation Price | Deckers Outdoor Corporation Quote
Another stock worth considering in the Shoes and Retail Apparel industry is Rocky Brands, Inc. RCKY which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here .
Is DECK going up? Or down? Predict to see what others think: Up or Down
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
Rocky Brands, Inc. (RCKY): 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.
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 CorporationDECK was a big mover last session, as the company saw its shares rise more than 5% on the day. The company has seen its Zacks Consensus Estimate for earnings for the current quarter move higher over the past few weeks, suggesting that more solid trading could be ahead for Deckers. Deckers currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
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Deckers Outdoor Corporation Price Deckers Outdoor Corporation Price | Deckers Outdoor Corporation Quote Another stock worth considering in the Shoes and Retail Apparel industry is Rocky Brands, Inc. RCKY which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . Click to get this free report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK was a big mover last session, as the company saw its shares rise more than 5% on the day.
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The company has seen its Zacks Consensus Estimate for earnings for the current quarter move higher over the past few weeks, suggesting that more solid trading could be ahead for Deckers. Deckers Outdoor Corporation Price Deckers Outdoor Corporation Price | Deckers Outdoor Corporation Quote Another stock worth considering in the Shoes and Retail Apparel industry is Rocky Brands, Inc. RCKY which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . Click to get this free report Rocky Brands, Inc. (RCKY): 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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The company has seen its Zacks Consensus Estimate for earnings for the current quarter move higher over the past few weeks, suggesting that more solid trading could be ahead for Deckers. Deckers Outdoor Corporation Price Deckers Outdoor Corporation Price | Deckers Outdoor Corporation Quote Another stock worth considering in the Shoes and Retail Apparel industry is Rocky Brands, Inc. RCKY which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . Click to get this free report Rocky Brands, Inc. (RCKY): 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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a5c0968b-b62b-45df-8970-1b45d1616f6f
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724281.0
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2018-10-30 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Deckers Outdoor, Callaway Golf, Guess', Lululemon Athletica and Marine Products
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DECK
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-deckers-outdoor-callaway-golf-guess-lululemon-athletica
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nan
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For Immediate Release
Chicago, IL - October 30, 2018 - 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 Deckers Outdoor Corp. DECK , Callaway Golf Company ELY , Guess', Inc. GES , Lululemon Athletica Inc. LULU and Marine Products Corp. MPX .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday's Analyst Blog:
Sharp Surge in Consumer Spending Backs GDP Growth: 5 Picks
The nation's gross domestic product (GDP) is on track for a mind-boggling year that could come teasingly close to a 13-year milestone. Consumer spending surged and helped the economy gain traction in the third quarter, making up for a slowdown in business investment.
This calls for investing in consumer discretionary companies that are poised to grow on signs of consumer spending strength.
Best Two-Quarter Stretch in Four Years
The U.S. economy got a boost in the third quarter, with GDP increasing at an annualized pace of 3.5%, per the U.S. Commerce Department. Economic growth during the July-September quarter was better than estimates of about 3.4%.
In fact, the country's total output of goods and services followed an even stronger 4.2% growth in the second quarter, which marked the strongest rise since a 4.3% annual gain recorded in the third quarter of 2014.
The two quarters, thus, recorded the fastest six-month growth in four years and is on track to hit Trump administration's annual growth target of 3%. If that happens, it would be the best yearly performance since 2005, two years before the Great Recession.
Economy Gets a Boost From Solid Consumer Spending
Government spending did pick up, but, it was robust consumer spending that powered the economy in the third quarter. Consumer spending, which accounts for more than two-third of economic output, grew 4% in the quarter, the strongest since the fourth quarter of 2014.
This strong rise in consumer outlays helped offset a 7.9% decline in business spending, which turned out to be the steepest quarterly drop since the first quarter of 2016. Republican had trimmed tax rate hoping to spur business investment, but, uncertainty surrounding trade tariffs weighed on spending on new equipment and plants.
What Drove Consumer Spending?
Consumer spending was largely driven by strength in the labor market. The U.S. unemployment rate fell to a 49-year low of 3.7% in September, the lowest since December 1969, per the Labor Department.
However, the month saw the minimum increase in hiring in the last 12 months due to a one-off factor. Hurricane Florence may have affected job numbers. But, the estimate for hiring in July and August were revised upward by 87,000 jobs. This boosted the monthly average job additions to a healthy 211,400 in the past year.
By the way, the $1.5-trillion tax cut package that Trump got Congress to pass last year did put a lot of money in consumers' pocket. The tax bill trimmed the ultra-rich individual tax bracket from 39.6% to 37%, while the middle class has been excused from paying hefty taxes.
Consumer Spending Continues to Drive Output: 5 Winners
Courtesy of a rise in household spending, consumer discretionary companies are poised to benefit the most as outlays play a major role in determining their revenues. We have, thus, selected five consumer discretionary stocks that flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Deckers Outdoor Corp. designs, markets, and distributes footwear, apparel. The Zacks Consensus Estimate for its current-year earnings has increased 1.6% in the last 60 days. The company's expected earnings growth rate for the current year is a solid 13.8%. The stock has outperformed the broader industry so far this year (+44.2% vs +9.7%).
Callaway Golf Company designs, manufactures, and sells golf clubs, golf balls and golf bags. The Zacks Consensus Estimate for its current-year earnings has increased 4% in the last 60 days. The company's expected earnings growth rate for the current year is a superb 96.2%. The stock has outdone the broader industry on a year-to-date basis (+56.7% vs -5.2%).
Guess', Inc. designs, markets, distributes, and licenses lifestyle collections of apparel and accessories. The Zacks Consensus Estimate for its current-year earnings has increased almost 1% in the last 60 days. The company's expected earnings growth rate for the current year is an encouraging 48.6%. The stock has surpassed the broader industry so far this year (+24.7% vs +10.2%).
Lululemon Athletica Inc. is an athletic apparel company. The Zacks Consensus Estimate for its current-year earnings has increased 7.5% in the last 60 days. The company's expected earnings growth rate for the current year is a promising 38.2%. The stock has outpaced the broader industry on a year-to-date basis (+71.6% vs +10.2%).
Marine Products Corp. designs, manufactures, and sells recreational fiberglass powerboats. The Zacks Consensus Estimate for its current-year earnings has increased 7.3% in the last 60 days. The company's expected earnings growth rate for the current year is a solid 46.7%. The stock has outperformed the broader industry so far this year (+59% vs -5.2%).
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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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
Marine Products Corporation (MPX): Free Stock Analysis Report
Callaway Golf Company (ELY): Free Stock Analysis Report
lululemon athletica inc. (LULU): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Guess?, Inc. (GES): 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.
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 Deckers Outdoor Corp. DECK , Callaway Golf Company ELY , Guess', Inc. GES , Lululemon Athletica Inc. LULU and Marine Products Corp. MPX . Deckers Outdoor Corp. designs, markets, and distributes footwear, apparel. Click to get this free report Marine Products Corporation (MPX): Free Stock Analysis Report Callaway Golf Company (ELY): Free Stock Analysis Report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include Deckers Outdoor Corp. DECK , Callaway Golf Company ELY , Guess', Inc. GES , Lululemon Athletica Inc. LULU and Marine Products Corp. MPX . Click to get this free report Marine Products Corporation (MPX): Free Stock Analysis Report Callaway Golf Company (ELY): Free Stock Analysis Report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. designs, markets, and distributes footwear, apparel.
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Click to get this free report Marine Products Corporation (MPX): Free Stock Analysis Report Callaway Golf Company (ELY): Free Stock Analysis Report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include Deckers Outdoor Corp. DECK , Callaway Golf Company ELY , Guess', Inc. GES , Lululemon Athletica Inc. LULU and Marine Products Corp. MPX . Deckers Outdoor Corp. designs, markets, and distributes footwear, apparel.
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Stocks recently featured in the blog include Deckers Outdoor Corp. DECK , Callaway Golf Company ELY , Guess', Inc. GES , Lululemon Athletica Inc. LULU and Marine Products Corp. MPX . Deckers Outdoor Corp. designs, markets, and distributes footwear, apparel. Click to get this free report Marine Products Corporation (MPX): Free Stock Analysis Report Callaway Golf Company (ELY): Free Stock Analysis Report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here.
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0e6394df-01d2-4009-8105-9efa2646b075
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724282.0
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2018-10-30 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-2018-10-30
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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 $120.91, changing hands for $121.76/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 11 different analyst targets 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 $108.00. And then on the other side of the spectrum one analyst has a target as high as $135.00. The standard deviation is $9.278.
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 $120.91/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $120.91 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.:
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 »
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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In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $120.91, changing hands for $121.76/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. And so with DECK crossing above that average target price of $120.91/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $120.91 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?
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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 $120.91, changing hands for $121.76/share. There are 11 different analyst targets 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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There are 11 different analyst targets 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 $120.91/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $120.91 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 $120.91, changing hands for $121.76/share.
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There are 11 different analyst targets contributing to that average for Deckers Outdoor Corp., but the average is just that - a mathematical average. In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $120.91, changing hands for $121.76/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.
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c2d5ee5d-4423-4153-9cf1-d7a570298737
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724283.0
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2018-10-29 00:00:00 UTC
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Sharp Surge in Consumer Spending Backs GDP Growth: 5 Picks
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DECK
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https://www.nasdaq.com/articles/sharp-surge-consumer-spending-backs-gdp-growth-5-picks-2018-10-29
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nan
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nan
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The nation's gross domestic product (GDP) is on track for a mind-boggling year that could come teasingly close to a 13-year milestone. Consumer spending surged and helped the economy gain traction in the third quarter, making up for a slowdown in business investment.
This calls for investing in consumer discretionary companies that are poised to grow on signs of consumer spending strength.
Best Two-Quarter Stretch in Four Years
The U.S. economy got a boost in the third quarter, with GDP increasing at an annualized pace of 3.5%, per the U.S. Commerce Department. Economic growth during the July-September quarter was better than estimates of about 3.4%.
In fact, the country's total output of goods and services followed an even stronger 4.2% growth in the second quarter, which marked the strongest rise since a 4.3% annual gain recorded in the third quarter of 2014.
The two quarters, thus, recorded the fastest six-month growth in four years and is on track to hit Trump administration's annual growth target of 3%. If that happens, it would be the best yearly performance since 2005, two years before the Great Recession.
Economy Gets a Boost From Solid Consumer Spending
Government spending did pick up, but, it was robust consumer spending that powered the economy in the third quarter. Consumer spending, which accounts for more than two-third of economic output, grew 4% in the quarter, the strongest since the fourth quarter of 2014.
This strong rise in consumer outlays helped offset a 7.9% decline in business spending, which turned out to be the steepest quarterly drop since the first quarter of 2016. Republican had trimmed tax rate hoping to spur business investment, but, uncertainty surrounding trade tariffs weighed on spending on new equipment and plants.
What Drove Consumer Spending?
Consumer spending was largely driven by strength in the labor market. The U.S. unemployment rate fell to a 49-year low of 3.7% in September, the lowest since December 1969, per the Labor Department.
However, the month saw the minimum increase in hiring in the last 12 months due to a one-off factor. Hurricane Florence may have affected job numbers. But, the estimate for hiring in July and August were revised upward by 87,000 jobs. This boosted the monthly average job additions to a healthy 211,400 in the past year.
By the way, the $1.5-trillion tax cut package that Trump got Congress to pass last year did put a lot of money in consumers' pocket. The tax bill trimmed the ultra-rich individual tax bracket from 39.6% to 37%, while the middle class has been excused from paying hefty taxes.
Consumer Spending Continues to Drive Output: 5 Winners
Courtesy of a rise in household spending, consumer discretionary companies are poised to benefit the most as outlays play a major role in determining their revenues. We have, thus, selected five consumer discretionary stocks that flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Deckers Outdoor CorporationDECK designs, markets, and distributes footwear, apparel. The Zacks Consensus Estimate for its current-year earnings has increased 1.6% in the last 60 days. The company's expected earnings growth rate for the current year is a solid 13.8%. The stock has outperformed the broader industry so far this year (+44.2% vs +9.7%).
Callaway Golf CompanyELY designs, manufactures, and sells golf clubs, golf balls and golf bags. The Zacks Consensus Estimate for its current-year earnings has increased 4% in the last 60 days. The company's expected earnings growth rate for the current year is a superb 96.2%. The stock has outdone the broader industry on a year-to-date basis (+56.7% vs -5.2%).
Guess', Inc.GES designs, markets, distributes, and licenses lifestyle collections of apparel and accessories. The Zacks Consensus Estimate for its current-year earnings has increased almost 1% in the last 60 days. The company's expected earnings growth rate for the current year is an encouraging 48.6%. The stock has surpassed the broader industry so far this year (+24.7% vs +10.2%).
Lululemon Athletica Inc.LULU is an athletic apparel company. The Zacks Consensus Estimate for its current-year earnings has increased 7.5% in the last 60 days. The company's expected earnings growth rate for the current year is a promising 38.2%. The stock has outpaced the broader industry on a year-to-date basis (+71.6% vs +10.2%).
Marine Products CorporationMPX designs, manufactures, and sells recreational fiberglass powerboats. The Zacks Consensus Estimate for its current-year earnings has increased 7.3% in the last 60 days. The company's expected earnings growth rate for the current year is a solid 46.7%. The stock has outperformed the broader industry so far this year (+59% vs -5.2%).
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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
Callaway Golf Company (ELY): Free Stock Analysis Report
Marine Products Corporation (MPX): Free Stock Analysis Report
lululemon athletica inc. (LULU): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Guess?, Inc. (GES): 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.
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 CorporationDECK designs, markets, and distributes footwear, apparel. Click to get this free report Callaway Golf Company (ELY): Free Stock Analysis Report Marine Products Corporation (MPX): Free Stock Analysis Report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Best Two-Quarter Stretch in Four Years The U.S. economy got a boost in the third quarter, with GDP increasing at an annualized pace of 3.5%, per the U.S. Commerce Department.
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Click to get this free report Callaway Golf Company (ELY): Free Stock Analysis Report Marine Products Corporation (MPX): Free Stock Analysis Report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK designs, markets, and distributes footwear, apparel. The company's expected earnings growth rate for the current year is a superb 96.2%.
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Click to get this free report Callaway Golf Company (ELY): Free Stock Analysis Report Marine Products Corporation (MPX): Free Stock Analysis Report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK designs, markets, and distributes footwear, apparel. Economy Gets a Boost From Solid Consumer Spending Government spending did pick up, but, it was robust consumer spending that powered the economy in the third quarter.
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Deckers Outdoor CorporationDECK designs, markets, and distributes footwear, apparel. Click to get this free report Callaway Golf Company (ELY): Free Stock Analysis Report Marine Products Corporation (MPX): Free Stock Analysis Report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Economic growth during the July-September quarter was better than estimates of about 3.4%.
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4db45d77-ef2f-4c98-a0ff-2ad8842359d8
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724284.0
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2018-10-29 00:00:00 UTC
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Charter (CHTR) Tops Q3 Earnings Estimates, Lags Revenues
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DECK
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https://www.nasdaq.com/articles/charter-chtr-tops-q3-earnings-estimates-lags-revenues-2018-10-29
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Charter Communications CHTR reported third-quarter 2018 adjusted earnings of $2.11 per share compared with 19 cents in the year-ago quarter. The figure beat the Zacks Consensus Estimate by a massive $1.07.
Although revenues of $10.89 billion lagged the consensus mark of $10.96 billion, the figure increased 4.2% on a year-over-year basis.
Migration of customers to Spectrum pricing and packaging, installation of uniform business practices, the integration of various products, and parallel network upgrades and integration adversely affected the company's revenues.
Segment Details
Residential revenues (79.8% of revenues) came in at $8.65 billion, up 3.3% from the year-ago quarter. Video (39.8% of revenues) and Internet revenues (35% of revenues) increased 2.9% and 7.1%, respectively. Voice revenues declined 16.2% year over year.
The company stated that the total Internet customer base increased 1.2 million or 5.3%.
Commercial revenues (14.3% of revenues) increased 4.3% year over year to $1.55 billion. Small and medium business (SMB) and Enterprise revenues increased 2.9% and 6.4%, respectively.
Advertising sales (4% of revenues) climbed 18% year over year to $440 million, primarily driven by better inventory utilization. Other revenues (2.1% of revenues) came in at $228 million, up 3.2% year over year.
Charter Communications, Inc. Price, Consensus and EPS Surprise
Charter Communications, Inc. Price, Consensus and EPS Surprise | Charter Communications, Inc. Quote
Subscriber Statistics
In the reported quarter, total residential and SMB customer relationships increased 234,000 compared with 215,000 in the year-ago quarter.
As of Sep 30, 2018, Charter had 26.1 million residential customer relationships and 49.7 million residential Primary Service Units (PSUs).
The company's residential customer relationships grew 192,000 this quarter compared with an increase of 172,000 in the year-ago quarter. However, Residential PSUs plunged 79,000 year over year, owing to a decline in voice net additions.
Residential voice customers in this quarter declined 107,000, while third-quarter 2017 voice customers grew 26,000. This decline was due to lower triple play selling mix and lower retention at Time Warner Cable TWC .
In the third quarter, SMB customer relationships remained approximately flat year over year at 42,000. Moreover, SMB PSUs increased 84,000 compared with an increase of 89,000 during the third quarter of 2017.
Notably, Residential revenue per customer increased 0.4% year over year to $111.13.
Higher Internet Speed Attracts Subscribers
As of Sep 30, 2018, Charter had 23.3 million residential Internet customers. More than 80% of these residential Internet customers are subscribed to tiers that provide 100 Mbps or more speed. Currently, 100 Mbps is the slowest speed offered to new Internet customers in 99% of Charter's footprint. Moreover, the company has doubled the Internet speed to 200 Mbps for the new and existing Spectrum Internet customers at no extra cost.
During the quarter, the company further expanded the availability of its Spectrum Internet Gig service (940 Mbps) to a number of new markets. The service, which uses DOCSIS 3.1 technology, now covers approximately 95% of its footprint.
Charter expects to launch its Spectrum Internet Gig service across its entire footprint by the end of 2018.
All-Digital Initiative Continues
At the end of the third quarter, 96% of Charter's footprint was All Digital. The company continued with its all-digital efforts in almost 3% of legacy TWC's footprint and 23% of legacy Bright House's presence.
The company believes that by the end of this year, it will be fully digitized as it continues to deploy fully functioning two-way digital set-top box. The total expenditure in All-Digital this quarter declined 7 million year over year.
Notably, the All-Digital initiative enables Charter to offer advanced products and services, and provides residential customers with two-way digital set-top boxes to enhance video picture quality; an interactive programming guide and video on demand on all TV outlets in residences.
Charter launched its Spectrum Mobile service in September, which is now available for both Android and iPhone users.
Operating Details
Total operating costs and expenses increased 4.6% from the year-ago quarter to $6.94 billion. As a percentage of revenues, total operating costs and expenses increased 20 basis points (bps) to 63.7%.
Programming costs increased 3% year over year to $2.78 billion owing to contractual rate increases and renewals.
Regulatory, connectivity and produced content costs were up 4.4% from the year-ago quarter to $546 million, primarily due to the company's adoption of FASB's ASU 2014-09 standard as of Jan 1, 2018.
Costs to service customers and marketing costs increased 1.7% year over year to $1.85 billion and 3.7% year over year to $790 million, respectively. The increase in marketing costs was due to ad sales cost, enterprise cost and IT cost from ongoing integrations. Moreover, through changes in business practices, the company is trying to reduce relationship service costs.
Notably, mobile costs were $94 million in the quarter due to device cost, market launch cost and operating expenses.
Adjusted EBITDA increased 3.5% from the year-ago quarter to $3.95 billion. Adjusted EBITDA margin declined 20 bps on a year-over-year basis to 36.3%.
Balance Sheet & Cash Flow
As of Sep 30, 2018, cash and cash equivalents were $612 million compared with $621 million as of Dec 31, 2017.
In third-quarter 2018, net cash flow from operating activities totaled $2.8 billion compared with $2.9 billion reported in the third quarter of 2017. The year-over-year decline in net cash flow from operating activities was primarily due to an unfavorable change in working capital. The company had lower severance-related expenses this quarter.
Capital expenditures totaled $2.1 billion compared with $2.4 billion in the year-ago quarter, primarily driven by a decline in consumer premises equipment (CPE) and scalable infrastructure spending. Lower set-top box purchases contributed to the decline of CPE.
Moreover, Charter generated $532 million of consolidated free cash flow this quarter.
The company bought back almost 3.5 million shares for approximately $1.1 billion.
Guidance
For 2018, Charter expects cable capital expenditures, as a percentage of cable revenues, to be similar or slightly lower than 2017.
For 2019, cable capital expenditure is expected to decrease in absolute dollar terms and in terms of capital intensity. Moreover, the company expects to witness a decline in working capital investment in the first quarter.
Zacks Rank & Stocks to Consider
Currently, Charter Communications carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader consumer-discretionary sector include Boyd Gaming Corp. BYD , Crocs, Inc. CROX and Deckers Outdoor Corp. DECK . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 stocks here.
Long-term earnings growth rate for Boyd Gaming, Crocs and Deckers Outdoor is projected to be 15%, 15% and 12%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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
Boyd Gaming Corporation (BYD): Free Stock Analysis Report
Charter Communications, Inc. (CHTR): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Crocs, Inc. (CROX): 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.
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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Some better-ranked stocks in the broader consumer-discretionary sector include Boyd Gaming Corp. BYD , Crocs, Inc. CROX and Deckers Outdoor Corp. DECK . Long-term earnings growth rate for Boyd Gaming, Crocs and Deckers Outdoor is projected to be 15%, 15% and 12%, respectively. Click to get this free report Boyd Gaming Corporation (BYD): Free Stock Analysis Report Charter Communications, Inc. (CHTR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Boyd Gaming Corporation (BYD): Free Stock Analysis Report Charter Communications, Inc. (CHTR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader consumer-discretionary sector include Boyd Gaming Corp. BYD , Crocs, Inc. CROX and Deckers Outdoor Corp. DECK . Long-term earnings growth rate for Boyd Gaming, Crocs and Deckers Outdoor is projected to be 15%, 15% and 12%, respectively.
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Click to get this free report Boyd Gaming Corporation (BYD): Free Stock Analysis Report Charter Communications, Inc. (CHTR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader consumer-discretionary sector include Boyd Gaming Corp. BYD , Crocs, Inc. CROX and Deckers Outdoor Corp. DECK . Long-term earnings growth rate for Boyd Gaming, Crocs and Deckers Outdoor is projected to be 15%, 15% and 12%, respectively.
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Some better-ranked stocks in the broader consumer-discretionary sector include Boyd Gaming Corp. BYD , Crocs, Inc. CROX and Deckers Outdoor Corp. DECK . Long-term earnings growth rate for Boyd Gaming, Crocs and Deckers Outdoor is projected to be 15%, 15% and 12%, respectively. Click to get this free report Boyd Gaming Corporation (BYD): Free Stock Analysis Report Charter Communications, Inc. (CHTR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report To read this article on Zacks.com click here.
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724285.0
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2018-10-26 00:00:00 UTC
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Consumer Sector Update for 10/26/2018: DORM,CMG,DECK,AMZN
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-10262018-dormcmgdeckamzn-2018-10-26
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Top Consumer Stocks
WMT -0.59%
MCD -1.24%
DIS -1.37%
CVS -1.01%
KO -1.53%
Consumer stocks were ending significantly lower, with shares of consumer staples companies in the S&P 500 sinking almost 2.1% this afternoon while shares of consumer discretionary firms in the S&P 500 fell just over 3.4%.
Among consumer stocks moving on news:
(+) Dorman Products ( DORM ) rolled to a big gain on Friday, at one point rising almost 13%, after the auto-parts manufacturer reported Q3 financial results exceeding year-ago comparisons and analyst estimates. Dorman earned $1.06 per share during the three months ended Sept. 30, rising 31% over its $0.81 per share in net income during the same quarter last year and beating the Capital IQ consensus by $0.02 per share. Net sales rose 10% year over year to $224.6 million, also topping the $235.09 million Street view.
In other sector news:
(+) Chipotle Mexican Grill ( CMG ) was almost 3% higher Friday afternoon, climbing to a new session high and overcoming a nearly 1% mid-morning decline, after breezing past Wall Street expectations with its adjusted Q3 net income. Excluding one-time items, the restaurant chain earned $2.16 per share during the three months ended Sept. 30, improving on non-GAAP earnings of $1.33 per share during the same quarter last year and sailing past the Capital IQ consensus by $0.14 per share. Net sales rose 8.6% to $1.23 billion, roughly in-line with analyst projections. Same-store sales increased 4.4% over the year-ago period.
(+) Deckers Outdoor ( DECK ) rose almost 7% on Friday after the footwear and apparel company reported an increase in adjusted fiscal Q2 net income to $2.38 per share from $1.54 per share during the same quarter last year and beating the Capital IQ consensus by $0.67 per share. Total sales rose to $501.9 million from $482.5 million last year and also exceeding the $493.7 million Street view. It also sees non-GAAP Q3 earnings in a range of $5.10 to $5.25 per share on between $805 million to $825 million in quarterly sales; the Street is expecting Deckers to earn $5.18 per share on $803 million in net sales.
(-) Amazon ( AMZN ) fell as much as 10% on Friday after the online retailer reported a 29% sales increase during the three months ended Sept. 30 to $56.6 billion but still lagging the Capital IQ consensus expecting $57 billion in sales. Net income raced to $5.75 per share from $0.52 per share last year and topped the $3.09 per share analyst mean. It also is projecting up to 20% year-over-year sales growth for Q4 to $72.5 billion, missing the $73.7 billion Street view.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
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 ) rose almost 7% on Friday after the footwear and apparel company reported an increase in adjusted fiscal Q2 net income to $2.38 per share from $1.54 per share during the same quarter last year and beating the Capital IQ consensus by $0.67 per share. It also sees non-GAAP Q3 earnings in a range of $5.10 to $5.25 per share on between $805 million to $825 million in quarterly sales; the Street is expecting Deckers to earn $5.18 per share on $803 million in net sales. Among consumer stocks moving on news: (+) Dorman Products ( DORM ) rolled to a big gain on Friday, at one point rising almost 13%, after the auto-parts manufacturer reported Q3 financial results exceeding year-ago comparisons and analyst estimates.
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(+) Deckers Outdoor ( DECK ) rose almost 7% on Friday after the footwear and apparel company reported an increase in adjusted fiscal Q2 net income to $2.38 per share from $1.54 per share during the same quarter last year and beating the Capital IQ consensus by $0.67 per share. It also sees non-GAAP Q3 earnings in a range of $5.10 to $5.25 per share on between $805 million to $825 million in quarterly sales; the Street is expecting Deckers to earn $5.18 per share on $803 million in net sales. Dorman earned $1.06 per share during the three months ended Sept. 30, rising 31% over its $0.81 per share in net income during the same quarter last year and beating the Capital IQ consensus by $0.02 per share.
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(+) Deckers Outdoor ( DECK ) rose almost 7% on Friday after the footwear and apparel company reported an increase in adjusted fiscal Q2 net income to $2.38 per share from $1.54 per share during the same quarter last year and beating the Capital IQ consensus by $0.67 per share. It also sees non-GAAP Q3 earnings in a range of $5.10 to $5.25 per share on between $805 million to $825 million in quarterly sales; the Street is expecting Deckers to earn $5.18 per share on $803 million in net sales. Dorman earned $1.06 per share during the three months ended Sept. 30, rising 31% over its $0.81 per share in net income during the same quarter last year and beating the Capital IQ consensus by $0.02 per share.
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(+) Deckers Outdoor ( DECK ) rose almost 7% on Friday after the footwear and apparel company reported an increase in adjusted fiscal Q2 net income to $2.38 per share from $1.54 per share during the same quarter last year and beating the Capital IQ consensus by $0.67 per share. It also sees non-GAAP Q3 earnings in a range of $5.10 to $5.25 per share on between $805 million to $825 million in quarterly sales; the Street is expecting Deckers to earn $5.18 per share on $803 million in net sales. Net sales rose 10% year over year to $224.6 million, also topping the $235.09 million Street view.
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724286.0
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2018-10-26 00:00:00 UTC
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Deckers (DECK) Beats on Q2 Earnings & Revenues, Guides Up
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DECK
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https://www.nasdaq.com/articles/deckers-deck-beats-on-q2-earnings-revenues-guides-up-2018-10-26
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Deckers Outdoor CorporationDECK delivered better-than-expected second-quarter fiscal 2019 results. Management pointed that sustained profitability in the UGG brand along with top-line improvement in the HOKA ONE ONE brand aided quarterly performance. This footwear and apparel retailer reported earnings of $2.38 per share that surpassed the Zacks Consensus Estimate of $1.72 and improved substantially from $1.54 in the prior-year period.
Increased sales, higher gross margin, share buyback activity and lower effective tax rate facilitated bottom-line growth. This was the seventh straight quarter that the company's bottom line has outperformed the consensus mark.
The top line also continues to improve, rising 4% to $501.9 million during the reported quarter, following an increase of 19.5% in the preceding quarter. Net sales also came ahead of the Zacks Consensus Estimate of $496.2 million, marking the seventh successive quarter of positive surprise. On a constant currency basis, net sales grew 3.3%.
HOKA ONE ONE brand contributed primarily to net sales growth, which also benefited from rise in sales across UGG domestic e-commerce, Asia-Pacific wholesale and Koolaburra. These were partly offset by sluggishness in UGG European wholesale sales and fall in retail sales on account of store closures.
Deckers had earlier guided net sales in the range of $485-$495 million and earnings per share in the range of approximately $1.60-$1.70 for the quarter under review. However, this Goleta, CA-based company went on to post far better results than anticipated.
Nevertheless, we note that shares of this Zacks Rank #1 (Strong Buy) company have increased about 17% in the past six months outperforming the industry 's growth of 2%. Deckers is focused on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce along with optimizing omni-channel distribution.
Gross margin expanded 350 basis points to 50.2% on the back of cost containment efforts, favorable product mix and improved full-price selling. Adjusted SG&A expenses were $161.2 million up from $157.3 million for the same period last year, while as a percentage of net sales SG&A expenses came in at 32.1% down from 32.6% in the year-ago period.
Adjusted operating income came in at $90.7 million, up 33.7% from the year-ago quarter, while operating margin expanded 400 basis points to 18.1%.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote
Sales by Geography & Channel
The company's domestic net sales jumped 2.9% to $311.6 million in the reported quarter. Meanwhile, international net sales rose 5.9% to $190.3 million.
Direct-to-Consumer ("DTC") net sales advanced 2.8% to $93.9 million. DTC comparable sales rose 4.8% year over year. Wholesale net sales in the reported quarter grew 4.3% to $408 million.
Brand-wise Discussion
UGG brand net sales fell 1% to $396.3 million in the reported quarter. Net sales for the Sanuk brand, known for its exclusive sandals and shoes, came in at $13.8 million, down 9.4% year over year.
HOKA ONE ONE brand net sales surged 28.4% to $52.1 million, while Teva brand net sales grew 0.6% to $21.5 million.
Other Financial Aspects
At the end of the quarter, Deckers had cash and cash equivalents of $182.2 million, total short-term borrowings and mortgage payable of $102.7 million and shareholders' equity of $846.8 million.
During the quarter under review, Deckers bought back approximately 1.1 million shares of worth $125 million. As of Sep 30, 2018, the company had $116 million remaining under its $400 million share buyback program.
Guidance
Deckers provided an encouraging view for fiscal 2019. Management now anticipates net sales to be in the band of $1,935-$1,960 million, up from its prior projection of $1,930-$1,955 million. Management guided revenues from both UGG and Teva brands to be down in low-single digits, while the Sanuk brand sales is expected to be down in mid-single digit in fiscal 2019. Meanwhile, sales at HOKA ONE ONE brand are projected to be up in the mid to high 30% range.
Further, fiscal 2019 adjusted earnings are projected to be in the range of $6.65-$6.85 per share, portraying an improvement over $5.74 reported in fiscal 2018. The current Zacks Consensus Estimate for fiscal 2019 is $6.45. The company had earlier guided adjusted earnings in the range of $6.25-$6.45 per share.
Gross margin for the fiscal year is anticipated to be about 50%. Further, SG&A expense as a percentage of sales is projected to be marginally better than 37%. Operating margin is envisioned to be in the range of 13-13.2%.
For the third quarter, net sales are estimated to be in the range of $805-$825 million compared with $810.5 million reported in the year-ago period. The Zacks Consensus Estimate for revenues is pegged at $800.3 million for the quarter. Management forecasts earnings of approximately $5.10-$5.25 compared with $4.97 per share in the prior-year quarter. The current Zacks Consensus Estimate for the quarter is $5.21.
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Columbia Sportswear COLM delivered an average positive earnings surprise of 79.3% in the trailing four quarters. It sports a Zacks Rank #1.
V.F. Corporation VFC delivered an average positive earnings surprise of 11% in the trailing four quarters. It has a long-term earnings growth rate of 10.7% and a Zacks Rank #2 (Buy).
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
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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.
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 focused on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce along with optimizing omni-channel distribution. Deckers Outdoor CorporationDECK delivered better-than-expected second-quarter fiscal 2019 results. Deckers had earlier guided net sales in the range of $485-$495 million and earnings per share in the range of approximately $1.60-$1.70 for the quarter under review.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote Sales by Geography & Channel The company's domestic net sales jumped 2.9% to $311.6 million in the reported quarter. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report V.F. Deckers Outdoor CorporationDECK delivered better-than-expected second-quarter fiscal 2019 results.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote Sales by Geography & Channel The company's domestic net sales jumped 2.9% to $311.6 million in the reported quarter. Deckers Outdoor CorporationDECK delivered better-than-expected second-quarter fiscal 2019 results. Deckers had earlier guided net sales in the range of $485-$495 million and earnings per share in the range of approximately $1.60-$1.70 for the quarter under review.
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Deckers Outdoor CorporationDECK delivered better-than-expected second-quarter fiscal 2019 results. Deckers had earlier guided net sales in the range of $485-$495 million and earnings per share in the range of approximately $1.60-$1.70 for the quarter under review. Deckers is focused on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce along with optimizing omni-channel distribution.
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2018-10-26 00:00:00 UTC
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Deckers Outdoor Corp (DECK) Q2 2019 Earnings Conference Call Transcript
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-deck-q2-2019-earnings-conference-call-transcript-2018-10-26
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Deckers Outdoor Corp (NYSE: DECK)
Q2 2019 Earnings Conference Call
Oct. 25, 2018 , 4:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good afternoon, and thank you for standing by. Welcome to the Deckers Brands Second Quarter Fiscal 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, there will be a -- we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. (Operator Instructions). I would like to remind everyone that this conference call is being recorded. (Operator Instructions).
I'll now turn the call over to Erinn Kohler, Director, Investor Relations and Corporate Planning. Please go ahead.
Erinn Kohler -- Director, Investor Relations and Corporate Planning
Thank you everyone for joining us today. On the call is Dave Powers, President and Chief Executive Officer; and Steve Fasching, Chief Financial Officer.
Before we begin, I would like to remind everyone of the company's safe harbor policy. Please note that certain statements made on this call are forward-looking statements within the meaning of the Federal Securities laws, which are subject to considerable risks and uncertainties. These forward-looking statements are intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995.
All statements made on this call today other than statements of historical facts are forward-looking statements and include statements regarding our anticipated financial performance including, but not limited to, our projected revenue, margins, expenses, earnings per share and operating profit improvement, as well as statements regarding our cost savings and restructuring plans and strategies for our products and brands.
Forward-looking statements made on this call represent management's current expectations and are based on information available at the time such statements are made. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from any results predicted, assumed or implied by the forward-looking statements. The Company has explained some of these risks and uncertainties in its SEC filings, including in the Risk Factors section of its Annual Report on Form 10-K, except as required by law or the listing rules of the New York Stock Exchange, the company expressly disclaims any intent or obligation to update any forward-looking statements.
With that, I'll now turn it over to Dave.
David Powers -- Chief Executive Officer, President and Director
Thanks Erinn. Good afternoon everyone and thanks for joining us today. I'm pleased to report that our team delivered a very strong second quarter. Each of our key growth drivers HOKA ONE ONE, UGG men's, and UGG women's, spring and summer and transitional product continued to gain positive traction in the marketplace and contributed to our success over the past 3 months.
The organization's continued hard work is evident in our results. Sales in the quarter were $502 million, up 4% to last year and non-GAAP earnings per share was $2.38, up 55% for the same period last year. Our earnings per share beat in the second quarter was significant. And as you have seen in the press release we issued earlier this afternoon, it was fueled by a number of factors including improved gross margins and lower than planned SG&A expenses. Additionally we repurchased $125 million of our stock in the quarter, which also aided in the upside to earnings per share.
Steve will walk you through the details on our results a little later in the call. However I'd like to touch on a few notable item. First, gross margin was up 350 basis points to last year and came in at 50.2%. The increase in gross margin largely came from our domestic wholesale business, driven by tight management of airfreight costs, better full-price selling and favorable mix of products sold in our wholesale channel. Benefits from improved material input costs and improved gross margins and our growing DTC business in which we once again some positive comps in the second quarter.
Second, non-GAAP SG&A expense came in at $161 million, up 2% to last year, which was lower than expected, mainly due to savings in our logistics and warehouse expenses, due to the regional mix of sales shipped in the quarter, timing as we pushed marketing expense into the second half of fiscal 2019, and savings in our shared service function. Our strong performance yeat-to-date, combined with an updated view on our projected gross margin has led us to increase our financial outlook for fiscal 2019, which Steve will outline in a minute.
Before turning to performance by brand and channel, I think it's important to quickly highlight our first half result versus the first half of last year. Sales were $753 million, up 9% and the non-GAAP SG&A as a percent of sales decreased 180 basis points to 41.9%. These results are further demonstration of continued execution of the plan we laid out in May 2017. There is still work ahead of us, but I'm confident that our organization will continue driving the plan and our business forward.
Looking at our performance by brand group, starting with the Fashion Lifestyle Group, UGG sales were $396 million in the second quarter, down 1% to last year. As we outlined in our call in May, UGG is implementing a classic allocation and product segmentation strategy in the US for the fall season. While this impacted a portion of the selling this quarter, we believe this change in distribution strategy has the ability to drive a pull model, leading to better sell through and less promotional activity in the brand's largest market.
For the second quarter, UGG's global wholesale sales were in line with expectations on the strengths of the sales in the US and Asia-Pacific, offset by some weakness in Europe. At the same time, the brand delivered solid DTC performance led by e-commerce with brick and mortar results coming in as expected.
As we continue to refine our product segmentation and go-to-market strategy, UGG is focusing on the initial release of certain new products exclusively in our DTC channel. For example, UGG recently launched the Fluff Yeah Slide into DTC channel, which is the year round transitional product ingrained with UGG DNA. We experienced strong sell through almost immediately with the product quickly becoming the top seller on UGG.com and as demand continued to strengthen, we quickly allocated incremental marketing dollars to fuel the momentum.
The strong launch in our DTC channel, combined with our strategic digital marketing effort led to a strong sell through in reorders with our wholesale partners. The swift action by the UGG team to capitalize on the successful product shop launch shows the changes we are making to the business are allowing us to be more nimble, leverage our omni-channel capabilities and quickly react to consumer interest.
The Fall Winter 2018 season marks the UGG brand's 40th anniversary and the marketing campaign around the anniversary is continuing to drive the momentum in our UGG brands heat. This milestone is a confirmation of the brand's strength in the marketplace and with our consumers. Looking to the future of the brand as we've said previously, our focus is on developing compelling product, leveraging our DTC infrastructure proceed to market, creating and deep relationship with our consumers and bringing in new and younger consumer into the brand.
This fall winter season shows progress on that front, as we have successfully launched new compelling products including the Fluff Yeah Slide and Neutra Sneaker, both non-classified products, which are experiencing strong sell through. Partnering with new retailers to bring a fresh perspective and new consumer to the brand, including Urban Outfitters, SIX:02, JD Sports and Foot Locker and reach new and younger consumers, predominantly through our social media channel, as according to Yuga (ph) brand impression in the US is up 59% with 18 to 34-year-old women in our fiscal 2019 to date. I believe this along with clean channel inventory and the classic allocation and product segmentation strategy, position the brand well for a successful holiday season.
Next within our performance lifestyle group, HOKA sales in the quarter increased 28% to $52 million. The brand once again drove strong year-over-year growth from the successful updates to the Clifton and Bondi franchise. Also on the product side, the Hupana which has been out for few season, achieved triple digit growth over last year. The shoe has performed well since its launch, but this is the first time it has cracked the Top 10 styles. The success of the Hupana is a great example of the brands depth and further demonstrates that HOKA can continue to grow through category expansion and product innovation.
On that front, I think it's important to stress the fact that we are growing the HOKA brand through a strategy centered on focused and disciplined growth. All the product and distribution decisions are being made to increase brand awareness, drive brand heat, and create long lasting relationships with our consumers, all with an eye on product quality and performance. This is driving strong full price selling and increased e-commerce penetration as well as providing the brand a long runway for future growth.
Turning to Teva, sales were $22 million in the quarter, up approximately 1% in the same period last year. Results were driven by domestic DTC and international wholesale as favorable summer weather prominently in Europe and Japan aided performance. These are partially offset by the reduction in legacy on US wholesale sales, as we rolled the Ahnu brand into Teva at the beginning of calendar 2017. Core Teva US wholesale sales are up mid-single digit year-over-year.
On the product side, Teva saw success with the Ember Moc, which was initially released last year in limited quantities. In the second quarter of this year, the Ember Moc was a Top 5 product for Teva globally, and a great compliment to Teva's standard line and as a natural fit with the core Teva consumer. Ads (ph) performance by channel, wholesale sales were $408 million in the second quarter, up 4% to last year. Results were driven by UGG Asia-Pacific wholesale and distributor and HOKA global wholesale performance, which both saw strong double-digit growth year-over-year.
HOKA international wholesale growth was strong across both Europe and Asia-Pacific. And as I previously mentioned international growth is a major initiative for the brand and the team is making exceptional progress. Also contributing to the wholesale growth in the second quarter was Koolaburra, as the new brand grew sales over 250%. The brand is still in its early days, but it's quickly taking shelf space in the US family value chain. These positive results were partially offset by continued weakness in the UK largely within our wholesale. The UK marketplace remains challenging due to weak consumer demand for apparel and footwear along with macro economic uncertainty due to the upcoming Brexit.
Next, DTC sales in the quarter were $94 million, up 3% to last year. DTC comps increased 4.8% led by the strength of UGG US and HOKA and Teva Global e-commerce. As we continue to allocate marketing dollars toward digital, as well as launch DTC exclusive and early release products, owned e-commerce sales will continue to drive growth. I previously touched on our successful initial DTC exclusive launch of the Fluff Yeah for the UGG brand in the quarter.
For HOKA, we continue to see strong owned online sales growth as consumers become more familiar with the brand and are converted into the brand from its social platforms, digital marketing and storytelling effort. I'm encouraged by the consumer engagement these efforts are producing and I'm confident this trend will continue.
Before handing the call over to Steve, I want to say how encouraged I'm with our year-to-date progress, and I believe the UGG brand is well positioned ahead of its key holiday selling season with clean channel inventory, segmented product and a thoughtful allocation of core classic.
Our organization is executing well on our long-term strategy and I'm proud of the work, the teams have done to elevate our brand, right size our cost structure, and set the organization on the path of profitable mid-single-digit future growth.
With that, I'll pass the call over to path to call over to Steve to provide more details on our second quarter results and our guidance for the third quarter and full fiscal year 2019.
Steven J. Fasching -- Chief Financial Officer
Thanks Dave, and good afternoon to everyone. Before getting into the details, I would like to note that throughout this discussion where I refer to non-GAAP financial measures, I'm referring to results before taking into account non-recurring charges that our management believes are not core to our ongoing operating result. Also note our non-cash results are not adjusted for constant currency, a reconciliation between our reported GAAP results and the non-GAAP results can be found in our earnings release that is posted on our Website under the investors tab.
Now to our results. For the second quarter, as Dave mentioned, revenue was $502 million, up 4% to last year and above the high end of our guidance range. The year-over-year increase was largely due to continued growth in HOKA globally across both wholesale and e-commerce, higher UGG domestic e-commerce sales and Asia-Pacific wholesale sales as well as increased Koolaburra sales. These gains were partially offset by softness in UGG European wholesale sales and lower retail sales due to recent store closures.
Gross margins were 50.2%, up 350 basis points over last year. The year-over-year increase in gross margins were driven by a significant reduction in airfreight usage for inventory brought in during the quarter, better full price selling in our wholesale channel combined with the benefit of a growing DTC sales, lower material costs as we continue to benefit from our supply chain initiatives. In quarter's savings from vendor support marketing that will be shifted from the second quarter into the third quarter to support the UGG brand 40th Anniversary Campaign and a benefit from foreign currency in the quarter.
Non-GAAP SG&A expense were $161 million, up 2% from last year. As a percent of revenue, non-GAAP SG&A expenses were 32.1% down from 32.6% last year. The variance to last year was largely driven by increased variable expenses on higher sales, which were partially offset by a decreased retail store cost as a result of recent store closures, lower depreciation and amortization charges and slightly lower marketing expenses, which are now anticipated to be utilized in the back half of fiscal 2019.
Non-GAAP earnings per share came in at $2.38 compared to $1.54, last year, and well above our guidance range of $1.60 to $1.70. The majority of the year-over-year increase in earnings per share was from $0.37 cents from higher gross margins including the impact of reduced airfreight usage, $0.17 cents from our share buyback activity over the last 12 months, $0.13 cents from a lower expected full year tax rate of 21%, and $0.12 cents from higher sales. Non-GAAP adjustments in the quarter were approximately $0.7 million and were primarily related to restructuring cost, organizational changes and charges incurred in connection with the refinancing of our prior credit facility.
Also a note on our tax rate, in the second quarter, our GAAP tax rate was 17.2%. This effective tax rate for the quarter is much lower than our expected full year non-GAAP tax rate of approximately 21% due to several discrete tax credits, which impacted the second quarter's reported results.
Turning to our balance sheet at September 30, cash and equivalents were $182 million, down from $231 million at September 30th of last year. Inventory was down 7% to $515 million from $556 million at the same time last year, and we had $71 million in short-term borrowings under our credit line compared to $133 million last year.
We remain committed to delivering on our share repurchase plan. In the second quarter we repurchased 1.1 million shares of our common stock at an average price of $117.7 for a total of $125 million. Off the $400 million that was authorized by our Board last year, $116 million remained available as of September 30, 2018.
Now moving onto our financial outlook. For the third quarter of fiscal 2019, we expect revenue to be in the range of $805 million to $825 million as we are seeing more orders shift into the third quarter from the fourth quarter, as our wholesalers want to take spring product earlier and we expect non-GAAP earnings per share to be in the range of $5.10 to $5.25. I think it's important to touch on a few assumptions inherent in our third quarter guidance, that we previously mentioned. But we're seeing upside in gross margins as a result of our cost improvement efforts.
Last year's third quarter gross margins had the benefit of a strong wholesale reorder and incremental DTC sales due to favorable weather that drove upside. Last year's favorable conditions are not anticipated to occur this year at the same magnitude, which is a potential offsetting headwind to gross margin. Also the savings in marketing spend reoccurred in the first half of fiscal 2019 have been shifted into the back half of the year and is expected to be utilized in both the third and fourth quarters.
Next, for fiscal year 2019 we are updating the financial guidance that we provided on the July call. We now expect sales to be in the range of $1.935 billion to $1.96 billion. Our outlook at the brand level has been updated to include UGG sales still expected to be down low single digits, HOKA is now expected to be up in the mid-to-high-30% range. Teva is now expected to be down low-single-digit and Sanuk is now expected to be down mid-single digit.
Turning to the remainder of the P&L. Gross margins are now expected to be approximately 50% for this year, which includes certain one-time benefits achieved this year. SG&A as a percent of sales are now expected to be slightly better than 37%. Operating margins are now expected to be in the range of 13% to 13.2%. And we are raising our non-GAAP earnings per share, which are now expected to be in the range of $6.65 to $6.85 on a share count of approximately 30 million shares.
Our guidance for the third quarter and fiscal year 2019 excludes any potential non-GAAP charges as well as the effect of any future share repurchases. Also we had a tax adjustment in the second quarter, which is reducing our expected tax rate for the year. And our guidance for fiscal 2019 now assumes an expected tax rate of approximately 21%. Our anticipated SG&A expenses for the remainder of fiscal 2019 have increased and we intend to reinvest a portion of the higher gross profit dollars achieved in the first half of the year into marketing.
The reinvestment will largely be in HOKA and UGG, our key growth drivers in an effort to strengthen our relationship with our consumers and prepare the organization for future growth. Additionally, to remain competitive we have increased our US based distribution center labor cost. During this period we also provide an update on our sheepskin pricing. We continue to see stable prices in sheepskin market and we expect our sheepskin cost for fiscal 2020 to be similar to this year, and not to materially affect our gross margins. This does not constitute our gross margin guidance for the next year, as our sheepskin costs are only one component of our gross margins.
Overall and as demonstrated by these results, we are extremely pleased with the progress we have made on our operating profit improvement plan, and with our updated guidance we are now on track to deliver a 13% operating margin a year ahead of what we initially projected. As we move toward the back half of this plan, we will continue to optimize cost and strategically reinvest in our growth opportunities as we drive the business forward.
With that, I'll now turn it back to Dave for his closing remarks.
David Powers -- Chief Executive Officer, President and Director
Thanks, Steve. I'd like to reiterate how encouraged I am by the organizations continued execution under our long-term plan. Looking ahead, we will drive organic growth for our three growth drivers of HOKA, UGG Men and UGG Women's spring and summer and transitional product. Supporting these growth drivers will be a focus on developing best in class digital marketing capabilities, product innovation and speed to market.
At the same time we remain committed to generating industry leading operating margins in returning value to our shareholders through share repurchases and other accretive reinvestment into the business. I'm confident the team can continue delivering as we have over the past several quarters, and I look forward to updating you on our progress in February. As always I'd like to thank all of Deckers employees around the globe for contributing to our strong performance during the second quarter.
We will now open the call to Q&A. Operator?
Questions and Answers:
Operator
(Operator Instructions). And our first question will come from Dana Telsey of Telsey Advisory Group.
Dana Telsey -- Telsey Advisory Group -- Analyst
Good afternoon everyone and congratulations on the impressive results. As you think of the UGG business down 1% to last year, how much of that was due to either weather or the new products segmentation strategy? Where do you expect that to be going forward and when is it -- where you wanted to be and how do you think that influences either top line channel with global wholesale sales and also margins? Thank you.
David Powers -- Chief Executive Officer, President and Director
Dana, this is Dave. I'll speak to that from a strategic standpoint and let Steve give a little more color on that. You know as we came out of last winter, it was important for us to take advantage of the fact that we had strong sell through and a pretty clean channel. It's something we've been working on for quite some time and as we went into the quarter coming up this year, we made the decision to take advantage of the inventory opportunity and resetting the marketplace with classics. So the product segmentation has been something in the works for a while, it's making sure that each account had something unique and special and is right for their consumer. And then the allocation strategy is really getting control of the classics business.
The way we're looking at this year is making sure that we have each account holding the right level of inventory. It's something that we think can create a little bit more demand and excitement and pull strategy in the marketplace. And so far that allocation strategy seems to be working well. It is headwinds coming into this year versus last year as you noted, but we think it's the right thing to do for the long-term health of the business and setting up the brand in the marketplace to remain at premium positioning.
Steve, you want to comment on the specifics of it?
Steven J. Fasching -- Chief Financial Officer
Yeah Dave. So, we think the strategic decisions we made which include the allocation, which includes segmentation. We also included some retail store closures. We think that's worth about $15 million of revenue. So by putting that strategic decision in place, the segmentation allocation and reduced retail stores we think we've given up kind of $50 million of revenue in the current year.
David Powers -- Chief Executive Officer, President and Director
And I would also add on to that, we're going to remember there's less point of distribution in the marketplace then there has been in the past and we have some pretty key new strategic accounts in the sports lifestyle and youth sectors that are emerging for us as well.
Dana Telsey -- Telsey Advisory Group -- Analyst
And the new accounts that you talked about, were these Urban Outfitters or Footlocker? What do you see is the potential of those accounts, could they replace any of the other existing accounts?
David Powers -- Chief Executive Officer, President and Director
I think, you know -- right now I think they're mostly incremental to our top five or 10 wholesale retail accounts. You know it's that the younger consumer that we're targeting. We're getting new distinct product specific for those channels into the marketplace. As you heard from the call, the commentary, the styles like the Fluff Yeah and the Neutra Sneaker are resonating well. They're a little bit more accessible price points that still have the UGG DNA. So I think over time they can be meaningful whether some of those are Top 10 or not remains to be seen, but I do think that they're mostly incremental to our core distribution today.
Dana Telsey -- Telsey Advisory Group -- Analyst
Thank you.
David Powers -- Chief Executive Officer, President and Director
Thank you.
Steven J. Fasching -- Chief Financial Officer
Thank you.
Operator
And the next question will come from Camilo Lyon of Canaccord Genuity.
Camilo Lyon -- Canaccord Genuity -- Analyst
Thank you. Hi guys. How are you? Great quarter.
Steven J. Fasching -- Chief Financial Officer
Good.
David Powers -- Chief Executive Officer, President and Director
How are you doing?
Camilo Lyon -- Canaccord Genuity -- Analyst
Doing great, thanks you. Wanted to understand a little bit deeper, the outlook that you provided specifically as it relates to be implied fourth quarter guidance, I think you said something around retailers wanting to shift spring receipts into the third quarter, probably the first time I've heard that given how weather is now starting to extend longer into the season. So I'm just trying to understand that dynamic a little bit more and how that's influencing the guidance?
David Powers -- Chief Executive Officer, President and Director
Yeah, one of the things that we've been working on for a little while, Camilo is setting up, what we used to be called the resort collection drop in the last couple of weeks of December, traditionally there'd be a kind of a drop between holiday and then spring and we've been working closely with our key accounts and also DTC to develop product that we think can sell in that two to three weeks of Christmas heading into the new year. So some of that shift is, account saying yes they want to sign up for some of that additional sales. We're also fast tracking opportunity based on early success with the Fluff Yeah and that business that we're chasing into Q3, so that's really the main driver. It's not hugely significant to the total quarter, but it is a good indication that there is additional opportunity there.
Steven J. Fasching -- Chief Financial Officer
Yeah, I think also Camilo as you look at the revenue number, so you'll see with the range that we guided revenue $805 million to $825 million, which is above last year's $810 million, that's where you know kind of underlying to that, we've got a decreased low-single-digits in UGG with the strategic decisions that we were kind of just talking about. So that is actually -- we're assuming slightly lower year-on-year UGG revenue and then that's getting offset with increases in HOKA and Koolaburra. So that's kind of how you get to that range with a little bit of that UGG go forward into Q3.
David Powers -- Chief Executive Officer, President and Director
Yes. And then fewer retail stores in the quarter than last year or two.
Camilo Lyon -- Canaccord Genuity -- Analyst
And so with that Q3 expectation for UGG to be down low-single-digit, is that -- does that incorporate a reorder expectation that is below your cancellations or greater cancellations versus reorders. I think that's what you've anticipated early for the (inaudible) clearance?
David Powers -- Chief Executive Officer, President and Director
Yeah. So that's still the assumption for Q3, so net cancellations. So again just to kind of talk about that, you know we said, we're taking a more conservative approach this year given the impact that weather had last year, both on kind of a promotional cadence as well as revenue. So, and as we talked about last year, we thought the weather contributed about $30 million of wholesale additional reorders and about $10 million in DTC, so we're not picking that same level up again kind of this year as we're a little more conservative around weather until we see how it plays out.
Steven J. Fasching -- Chief Financial Officer
And then the DTC comp within that is, at this point low-single-digit, again contemplating the increased demand we had last year due to weather in the last few weeks of the quarter.
Camilo Lyon -- Canaccord Genuity -- Analyst
Got it. Okay, so great to be conservative from this standpoint early in the season. My second question is on -- just more of a fine tuning question. You talked about shifts in non-recurring items both in gross margin and marketing. Did you quantify what those words, so we understand what the underlying rates are for the biz and how the shifting marketing expenses are going to play out and if that's roughly 50-50 split between Q3 and Q4?
David Powers -- Chief Executive Officer, President and Director
Yeah. So I think maybe if we kind of take a step back in terms of what happened in Q2 and how we're flowing that through that. I think that kind of help set up how we're looking at the year. So with the strong beat, which was largely driven by gross profit dollars, which are a little less than half of that was the airfreight and that was just kind of strategic planning that helped really drive that improvement. So not always to say that we can achieve that same level, but we've slowed that through in terms of gross profit lift.
We're on the full-year, so the 49% moving to 50% that's basically the flow through of the $20 million that we're seeing in gross profit. What we're then doing is taking a portion of that to reinvest in marketing. So that's what you're seeing kind of the lift in the SG&A in the back half which is with 30% we guided to. And then some of the timing for Q2 is being put into the back half.
Camilo Lyon -- Canaccord Genuity -- Analyst
Okay. So it was like $10 million for SG&A in Q3 and Q4 of that $20 million that you're taking from gross margin?
David Powers -- Chief Executive Officer, President and Director
Correct.
Camilo Lyon -- Canaccord Genuity -- Analyst
Okay.
David Powers -- Chief Executive Officer, President and Director
Yeah. And on other thing -- OK, Camilo sorry.
Camilo Lyon -- Canaccord Genuity -- Analyst
I was just going to clarify and that also separate SG&A shift in addition to that?
David Powers -- Chief Executive Officer, President and Director
Right. So the SG&A savings that you're seeing in Q2 is largely timing and that's moving to back half.
Camilo Lyon -- Canaccord Genuity -- Analyst
Got it. And then, just lastly on the ability to have -- the reality of achieving your 13% EBIT margin a year ahead of plan. Can you give us kind of a framework to think about -- now that you've got the business really take down on all -- hitting on all cylinders? What's the outlook or what's the potential, or what's the possibility of this business and the EBIT margins that you can generate? Is this continuing to grow at this rate, holding steady on the EBIT margin rate, or is there further opportunities to raise that EBIT margin profile?
David Powers -- Chief Executive Officer, President and Director
Yeah. This is Dave. I think in a longer term, we're not prepared to kind of put those kind of targets out there yet, but we do think there is a little bit more opportunity. Safe to say, I think it's also important though, and this is one of the reasons that we are reinvesting some of the operating profit dollars now since we are ahead of plan is we do have growth driver that we have been incubating that are showing signs of promise. And so, I think it's very important that we take the opportunity to invest in marketing, particularly in the UGG men's business and the UGG women's, spring and summer, and transitional business, and then particularly in HOKA. HOKA, as you can see, similar from the results, is still continuing to take off. We think this has tremendous upside, but a still relatively low awareness. And so, we want to take the opportunity now to invest in that business to create the awareness that will help fuel growth for the company back up to mid-single-digit, starting in FY '20.
Steven J. Fasching -- Chief Financial Officer
And I think the other thing is, as we look at that strategic reinvestment, it's invariable expenses. So, everything we've talked about, the shift of moving fixed expense to variable is playing out and it's playing out kind of ahead of schedule. So, we have levers in place to protect the profitability of the business. So, that's what gives us comfort around that 13% this year.
Camilo Lyon -- Canaccord Genuity -- Analyst
Fantastic. Excellent. Good luck guys in the holiday season.
Steven J. Fasching -- Chief Financial Officer
Okay.
David Powers -- Chief Executive Officer, President and Director
That's great. Thanks.
Operator
The next question will come from Jim Duffy of Stiefel.
Jim Duffy -- Stifel -- Analyst
Thanks. Good afternoon, guys.
David Powers -- Chief Executive Officer, President and Director
Hey, Jim.
Jim Duffy -- Stifel -- Analyst
I know a lot of hard work went into the margin progress, so congratulations to the team.
Steven J. Fasching -- Chief Financial Officer
Thank you.
Jim Duffy -- Stifel -- Analyst
It does seem like the gross margin has been a nice source of upside within that. Last quarter, for instance, I think you said 90% of the cost of goods opportunities, you identified $150 million in savings had been realized. Do you see a good further opportunity in the gross margins?
Steven J. Fasching -- Chief Financial Officer
Yes, I think, from my standpoint, as I look at -- we've got most of it now kind of under our belt. So, there's not too much more. You're not going to see a similar cadence of improvement on the gross profit. Kind of when we laid out our plan, we said that the gross profit improvement was largely going to be what comes first. Kind of from an upside, where it would come from would be depending on the promotional environment. So, this year we've assumed a higher level of promotion this year versus last year. If that plays out, where we are less promotional, there's probably a little bit upside on the gross profit. But in terms of the work around the plan that we have in place, in terms of material optimization, moving production outside of China, a lot of that heavy lifting, and then this quarter benefiting probably a little more than we will usually from airfreight, is really what's driving that improvement in the quarter that we're able to flow through to the full year then.
David Powers -- Chief Executive Officer, President and Director
Yes. And I also think on top of that, just a better handle on inventory control, managing (ph) the inventory through the pipeline into the marketplace, and you should see a less volatility in the margin, going forward. We've a pretty firm handle on the cost savings, going forward. We're been migrating production out of China into Vietnam, and that is going well. So, we feel pretty good about -- really good about the progress, and then, good about how things play out going forward.
Jim Duffy -- Stifel -- Analyst
Well that's a great segue. My next question, I wanted to ask what you're doing so much better and different from an inventory management standpoint, that had always been a little bit of a wild ride with you guys. It seems like you've really tightened things up. Can you speak through some of the operational factors behind that?
David Powers -- Chief Executive Officer, President and Director
Yeah, I think the first thing that we've been focused on the last couple of years is just better visibility across the organization, and holding many other teams and ourselves accountable for top and bottom line. We've also spent a lot of time on the supply chain process in pre-season planning, so that we are efficient in how we bring and when we bring product into the DTC and to the consumer. So, that's going to play out in better turns as you start seeing the business. But I really think the planning teams and the work the work at (inaudible) factories and flowing product differently has and will have a big impact on that going forward. Continuity planning, level loading of the factories in in time inventory into the DTC.
Jim Duffy -- Stifel -- Analyst
And then any more of those nice one-time upside opportunities in the (inaudible)?
Steven J. Fasching -- Chief Financial Officer
(Multiple speakers), well I think we do it for --
David Powers -- Chief Executive Officer, President and Director
Yeah, we pulled that lever this quarter. I mean, the air was a big piece and again not to say that we can do that every quarter. It was again to your point much better planning on our part to be able to flow product in and get it out. But you always have to airfreight some product in. So --
Steven J. Fasching -- Chief Financial Officer
And that was just a strategic decision we made through the tail end of the quarter to not spend that money on airfreight, knowing that we were still able to deliver the sales for the quarter and then create an opportunity to reinvest some of that back into the business, which you're seeing.
Jim Duffy -- Stifel -- Analyst
Very good. Thank you, guys.
David Powers -- Chief Executive Officer, President and Director
Thanks Jim.
Steven J. Fasching -- Chief Financial Officer
Thanks Jim.
Operator
The next question comes from Chris Svezia of Wedbush.
Christopher Svezia -- Wedbush Equity Research -- Analyst
Thank you very much and congrats on the quarter.
David Powers -- Chief Executive Officer, President and Director
Thanks Chris.
Steven J. Fasching -- Chief Financial Officer
Thanks Chris.
Christopher Svezia -- Wedbush Equity Research -- Analyst
So I'm just curious, just to go on the deepest depth, which is on the gross margin, I know you called out, there's roughly, I think you said 150 basis points or so related to freight, but there's also a lot of other structural things to talk about that were driving the business, product DTC et cetera. As we sort of move forward, what should stay within the model? What's sustainable as you go into the back half, and what goes away or what offsets that to get to what is implied, sort of a flat gross margin? I would assume Q4 gross margin is going to be down, or is implied in the guidance. Maybe just talk a little about that -- what goes away or what are we missing here as we move sort of forward into the back half of the year?
Steven J. Fasching -- Chief Financial Officer
Yeah. So, I think one of the things that we benefited from, and I can walk through it. So, clearly airfreight was the big one. Some of our vendor support marketing that we typically have in Q2 moved into Q3. So that's a bit of a headwind in Q3, and that's largely around our UGG 40th Anniversary event. So to put more marketing dollars that flow through our gross margin into Q3 versus Q4, so that's a switch. So you're seeing a benefit in Q2 as we move some of those dollars in this year into Q3 as we support that 40th Anniversary.
Some of the other things that you saw, DTC mix helped us in Q2. We did get a little bit of benefit from favorable foreign currency, so that came in a little bit better than what we were planning. And then our product cost came in and while we have that factored into our guidance, we did see a little bit more of that in Q2 than what we anticipated. So that gave us kind of a bit of a lift. I think as you begin to look at the back half, a lot of that is baked into our guidance. So when you think about Q3, and you think about rates and kind of our ability of kind of where the guidance is versus where we can go.
Last year we benefited largely from very favorable weather conditions that helped drive a strong wholesale reorder, which helped full price margins in place. It also benefited from stronger DTC sales as wholesale ran out of products, they came to DTC. So with a more conservative approach this year around Q3, we're seeing kind of headwinds that we're facing in that respect. That's partially being offset by continued improvements in our supply chain that we have factored in, and so that's kind of how we get to what's in the guidance for the margin.
Christopher Svezia -- Wedbush Equity Research -- Analyst
Okay. And just to be clear, it looks like putting all of words in your mouth, but Q3 would be more of a flattish up slightly than Q4 would be down somewhere in that 100 basis points trying to get you or view, just given that comparison for Q4 is pretty significant. Am I thinking about that right?
Steven J. Fasching -- Chief Financial Officer
More flattish on Q3, so much upside because of the favorability that we experienced last year, so that would give you a little more room on Q4.
Christopher Svezia -- Wedbush Equity Research -- Analyst
Okay got it. And the marketing has more shifted to Q -- I'm just -- Q4.
Steven J. Fasching -- Chief Financial Officer
Yeah, so that's more of a Q4 event because as Dave said, that's more around strategic initiatives to drive long-term health. So we're not necessarily seeing that driving kind of near-term sales.
Christopher Svezia -- Wedbush Equity Research -- Analyst
Got it. Okay. And Dave, just a general question for you. Just as you think about your picture profitability target 30% plus already and I'm just curious, when you talk about mid single-digit topline growth, you're sort of just a breath away from that this year. Just sort of maybe help us along where -- when you can potentially hit that level of growth, just sort of your thoughts about hitting the single-digits on a more consistent basis?
David Powers -- Chief Executive Officer, President and Director
Yes, I think we're pleased with the progress we've made obviously in the first half of this year, ahead of expectations and trending well. When you lay that into a full-year makes a business is not insignificant, but we do think there's continued upside in Q1 and Q2 going forward with the success of HOKA, spring and summer product. We're shooting to get to that mid-single-digit growth rate starting in FY '20. We're not putting any of that out there yet, but we're -- that's where our sights are set, that's where we're making some of the reinvestment here now into the business. And so I'd say you can start to see that in the early days of 2021.
Christopher Svezia -- Wedbush Equity Research -- Analyst
Okay. Thank you and all the best. Appreciate it.
David Powers -- Chief Executive Officer, President and Director
Thank you.
Steven J. Fasching -- Chief Financial Officer
Thanks Chris.
Operator
The next question comes from Omar Saad of Evercore ISI.
Omar Saad -- Evercore ISI -- Analyst
Thanks for taking my question. Great quarter. Thanks for all the information.
David Powers -- Chief Executive Officer, President and Director
Thanks Omar.
Omar Saad -- Evercore ISI -- Analyst
I just wanted to ask questions about weather, sorry -- but it's been a pretty warm fall, obviously you guys have product that is seasonally -- seasonally affected of course. You know as weather is churning, we're hearing from the data points around acceleration happening at retail and it feels like there could be some pent up demand effect back on the heels of cooler weather. Just wondering if you have any thoughts on that topic? Thanks.
David Powers -- Chief Executive Officer, President and Director
Yeah. I think we're pleased with how the quarter has started off. We have -- like I said we have clean inventory in the channel. We got great segmentation out there, and where there is some colder weather, we are seeing a little bit of impact on the sales, which is great to see, which means the product is right and it's resonating to the consumer. We are always cautious to comment on weather expectations. We do know that last year it was kind of a perfect storm so to speak in terms of weather and timing particularly in the back half of December going into January. So I guess best to say that we feel good about how we're positioned with the clean inventory channel, the allocation, segmentation, new accounts, product resonating and if the cold weather comes I think we're in a really good shape for that.
Steven J. Fasching -- Chief Financial Officer
Yeah. And I think again just to be clear on that. Our expectation on weather is more conservative than what we saw last year. So we're not expecting a repeat of last year.
Omar Saad -- Evercore ISI -- Analyst
Got it. That's really helpful guys. Hey, can I also ask you about Amazon, and the stocks were under pressure this afternoon, that might have been a little bit of sales, I'm not sure. But relatively new business for you guys. How do you see the role of that channel, is it offensive or is it defensive, is there any impact on other channels or overlapping. And how you think about segmenting the products there? Thanks.
David Powers -- Chief Executive Officer, President and Director
Yeah. So I have to give the teams a lot of credit for the way they are managing that account. That was a major decision that we made a couple years ago to sell directly through Amazon channel. And so far it's been working very. They've been very straight forward with the rest of our accounts and the expectations for Amazon. We've identified them as, I believe the core account versus premium. So they're not getting the full bread of the line or worth saving that for DTC in some of our premium account. And we're controlling the inventory there in a really positive way I would say. I think it's interesting to see that despite opening up Amazon, we're still seeing healthy business in some of the -- some of our key accounts e-commerce business at the same time. So I think there's a channel opportunity there, but it's not massive. We want to make sure that we monitor that within the mix of our key partners, and we're servicing that consumer correctly for their consumer. But so far I would say we're pleased with how it's managed. We're tightly monitoring that. We have teams on it every day as we are with our top strategic accounts across the board. So far so good, but it's -- where the sanctity and the premium of the brand is first and foremost for us is driving massive upside growth within the Amazon channel.
Omar Saad -- Evercore ISI -- Analyst
Thank you. Best wishes for holiday.
David Powers -- Chief Executive Officer, President and Director
Thank you.
Operator
The next question comes from Mitch Kummetz of Pivotal Research.
Mitch Kummetz -- Pivotal Research -- Analyst
Yeah, thanks for taking my questions. Just wanted to drill down some of these puts and takes a little bit more. So starting with the gross margin, is there anyway to kind of normalize what that was for the quarter. It sounds like there is clearly some benefits that were a little bit more one-time in nature. So is there anyway you are going to address that?
Steven J. Fasching -- Chief Financial Officer
Yeah. So what I would say Mitch, if you kind of look at the $20 million, right, roughly about $3 million to $4 million of -- kind of the lift or -- it's kind of $19 million to $20 million. $3 million to $4 million of that is really volume, so that's kind of higher sales that we expected, so when you get kind of beyond volume, then your rate of call is kind of $15 million to $16 million. We're seeing a little less than half of that is really kind of related to that not using airfreight this year, compared to say what we used last year or anticipated for this year. And then you get into kind of a couple of the other items that I talked about. So we have no vendor support marketing which is a part of gross margin, that's a couple of million dollars that moves into Q3 out of Q2 and again that's really related to the 40th Anniversary. And then similar amounts with DTC mix product cost beneficial in Q2, and then some of the FX upside that we saw in Q2, but didn't play (ph).
Mitch Kummetz -- Pivotal Research -- Analyst
Got it. Alright, I appreciate that color. And then on the Q3 gross margin outlook, Steve I think you said kind of flattish. You talked about the benefit that you saw last year from the strong full price selling, sounds like you expect to be -- you would end up being a little bit more promotional this year, at least that's kind of in the guide. So, I know gross margin was up 170 bps for last year. Can you remind us how much of that was weather-related, how much of that is -- do you seem to give back. And like how much is the supply chain benefit continued into Q3. Does that all make sense -- those questions?
Steven J. Fasching -- Chief Financial Officer
Yes, it does. So basically I think what we're seeing, last year we kind of -- or the difference I would say that we're looking at, say this year versus last year is probably around the 50 bps hit as being more conservative around weather. Probably a know similar type offset with the continued improvements and supply chain initiatives, so those are two kind of offsets.
Mitch Kummetz -- Pivotal Research -- Analyst
Got it. Okay great. And then lastly just thinking about the sales and tax, kind of last year to this year in the third quarter. I think you mentioned, you picked up $30 million on reorders relative to -- I think where the guide was $10 billion on DTC plus this year, you got the store closures and the segmentation strategy, which on an annual basis is like $50 million, I would guess. Probably, half of that since in Q3, just kind of sizing up, I guess how much impact UGG has on the third quarter. So -- I mean my math is that, that gets you like down $60 million, $65 million, is that how you're thinking about UGG for the quarter. I know you have not given specific UGG guidance on the quarter, but is there some offset to that or just -- help me understand it?
Steven J. Fasching -- Chief Financial Officer
Yes, I think you're a little too high on kind of the hit.
Mitch Kummetz -- Pivotal Research -- Analyst
Yes.
Steven J. Fasching -- Chief Financial Officer
So, more UGG kind of down low-single digits year-on-year is kind of how we're looking at Q3.
Mitch Kummetz -- Pivotal Research -- Analyst
It is that all segmentation of the stores or is that also fewer reorders and less (multiple speakers).
Steven J. Fasching -- Chief Financial Officer
Yes, it will be probably about $30-ish million of last three orders, little more conservative stance in terms of retail and e-commerce with a combination of fewer retail stores.
Mitch Kummetz -- Pivotal Research -- Analyst
Yes. Okay that's good. Thanks guys.
Steven J. Fasching -- Chief Financial Officer
Okay. Thanks.
Operator
(Operator Instructions). Our next question will come from Rafe Jadrosich of Bank of America Merrill Lynch.
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
Hi, good afternoon. Thanks for taking my question.
David Powers -- Chief Executive Officer, President and Director
Hi Rafe.
Steven J. Fasching -- Chief Financial Officer
Hi Rafe.
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
Just wanted to follow up on your comments on achieving the 13% operating margin, yearly. I think savings from store closures was a big portion of the SG&A savings in that. Can you talk about where you are in that process and how many stores you have, how many you plan to close and where you could see additional savings there?
David Powers -- Chief Executive Officer, President and Director
Yes. good question. Since we've been on this path, we've spent a lot of time with the retail teams, optimizing profitability on a store level across the fleet. And I'm pleased to say they made great progress on that front. The original target of $125 million, we put out there, a little over 18 months ago with a target to kind of wind down to. As we're getting further along in the process and of the cost savings initiatives, we're finding that there is some improvement in some of these stores and we're basically looking at store level evaluating them. If they can get above the internal threshold for pull our profitability, which we set at about 20%, we're going to put those on a reevaluation list versus closure list. So we continue to drive improvements into the fleet. We're continuing to evaluate to see what we think from a long-term perspective, some of these growth drivers in men's, and spring and summer can do to the profitability to the stores. But suffice to say, we will be closing more stores than we will be opening over the next foreseeable future.
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
Thank you. And then, can you comment a little bit about what you're seeing in Europe right now?
David Powers -- Chief Executive Officer, President and Director
Europe is -- it is obviously macroeconomic challenges over there. The brand remains strong. (technical difficulty) that we're seeing particularly in the UK, the macro level issue. So, we're remaining a little bit conservative there. We do feel good about similar setups that we have in North America with regards to segmentation and some of the new accounts that we've been fostering over there, but the softness is really a macro-level issue. So, we're just taking a conservative look at Europe right now.
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
Thank you. And then, just a --
David Powers -- Chief Executive Officer, President and Director
That's really related to UGG. The HOKA brand is still seeing strength and growth opportunity at this point. So, it's really an UGG issue with mature business, particularly in the UK.
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
Can you just talk about what FX assumption is when you see (ph) into the guidance and remind us about how you hedge or like how far you're hedged right now?
Steven J. Fasching -- Chief Financial Officer
Right. So basically -- so, the guidance assumes current rates. We do put hedging in place at the beginning of the year. We don't hedge 100%, but we do hedge a large majority of our FX exposure. So, we will have -- always have a little bit of FX exposure. But we hedge kind of the -- for the year, at the beginning of the year.
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
The calendar year?
Steven J. Fasching -- Chief Financial Officer
Our fiscal year. So, going into our fiscal year, we have our budget. We're basically hedging large majority of our exposure, but again not a 100%. So, we get some fluctuation. And then, every quarter we'll be updating to current rates. But that will also take into account some of the hedge exposure too.
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
Okay. Thank you.
Operator
The next question will come from Erinn Murphy of Piper Jaffray.
Erinn Murphy -- Piper Jaffray -- Analyst
Great. Thanks. Good afternoon. I was hoping you guys could talk a little bit more about what you saw from the Chinese consumer during the quarter? And maybe, just kind of split it between what you're seeing in terms of the mainland trend versus what you're seeing with the Chinese cluster overall, inclusive of those traveling to Japan or Europe or elsewhere?
David Powers -- Chief Executive Officer, President and Director
Yes. So, the China market, for us had a good quarter. I think it's again similar to what's happening in the US to some of the new products, that's more seasonally relevant. Again, like the Fluff Yeah and the Neutra Sneaker, seasonal slippers are trending and performing well, which is a good sign that they're resonating on a global level. We are seeing a little bit of impact from the Chinese consumer on the other markets, particularly in Japan. There's a lot of Chinese tourism happening in Japan right now. And the Japan business seems to be turning around versus last year. So, it's something that's for the UGG brand, things are still trending well with that consumer. I do know at a macro level, there is potential concerns about what the trade wars are going to have for an impact on the Chinese consumer globally. But I think, for us, within the UGG brand, we're still seeing the brand resonating and the new product working at a global level.
Steven J. Fasching -- Chief Financial Officer
Yes, it's great to see you as we continued to develop that market.
David Powers -- Chief Executive Officer, President and Director
In Asia-Pacific, the region was a good performer for us in the quarter. So, we're continuing to see growth in those areas.
Erinn Murphy -- Piper Jaffray -- Analyst
Okay, and then, maybe just kind of sticking with the trade war piece, what percent of your business today is impacted by that $200 billion tariff that was put in place on September 17? And then, I guess have you seen as you kind of talked to other people in the industry, any retailers trying to kind of front run shipments before the end of the year before we move up to the (inaudible) tariff in some of the categories? And I know you don't have a ton of exposure in those, but just curious?
David Powers -- Chief Executive Officer, President and Director
Yes. So, we don't have a ton of exposure. Some of those new categories are tiny businesses for us in the scheme of things. And as I said earlier, the teams have done a tremendous job of migrating our production to other places beyond China to the point now where we're over 70% outside of China. And for us, deliveries for FY '19 are pretty much, already on the water and on their way, if they are not already here, going into Q3. So, we've been planning for that. The exposure going forward, we feel is pretty minimal and that we do know there's others talking to our suppliers. In China and Vietnam, where we were just there couple of weeks ago and just from the marketplace people are scrambling a bit, but as far as Deckers goes, we feel good about liabilities being reduced from a China production standpoint and our ability to ship products in a timely manner to avoid any issues this year.
Steven J. Fasching -- Chief Financial Officer
And then just on the tariffs Erinn, so right now anything that's been imposed, we have not been impacted by and then just to give you a rough idea of where we're at, by end of this calendar year about 20% of the products -- product that we have will come out of China, and we expect to continue to reduce that going forward. So you know we feel good about kind of our current level of exposure and it's improving.
Erinn Murphy -- Piper Jaffray -- Analyst
And that 20% out of China, is that all being shipped to the US, or is that (inaudible) so it's even a (multiple speakers) that's coming to US?
David Powers -- Chief Executive Officer, President and Director
Yes, it's 20% global, even less to the US.
Erinn Murphy -- Piper Jaffray -- Analyst
Got it. Thank you guys very much.
David Powers -- Chief Executive Officer, President and Director
Thanks Erinn.
Operator
And next we have a question from Sam Poser of Susquehanna.
Sam Poser -- Susquehanna International Group -- Analyst
Good afternoon and thanks for taking my question. A couple of things. The gross margin guidance that you provided, given that your inventory arguably is significantly cleaner than it has been from a dollar perspective in quite some time. Doesn't that help to offset some of the potential pressures because of the full model that you're beginning to develop?
David Powers -- Chief Executive Officer, President and Director
Yeah. I think we will leave that into the guidance. And as we said for the quarter total inventory down 7%, obviously with the growth of UGG and Koolaburra, UGG is down even more than that. And so we do feel good about that. I think the margin upside that we saw in Q2 from deliveries in shipments in the quarter is indicative of the kind of go forward margin. But I think with the mix of DTC and fewer stores versus wholesale, this year versus last year and also some of the assumptions around a little bit more promotional marketplace offset the upside that we're seeing. And I think it's all embedded into the guidance.
Sam Poser -- Susquehanna International Group -- Analyst
And then I have two more things. One, you mentioned some of those fashion athletic at (inaudible) Locker and others. What kind of response are you getting there and what kind of an opportunity do you think it is, and I've got one more quick on, if you can?
David Powers -- Chief Executive Officer, President and Director
Yes, as we've been cultivating accounts such as Foot Locker, Footaction, SIX:02 for a couple of years, working closely with those teams, we're doing it in a thoughtful and strategic way starting with the Footaction doors. This is the first time ever that we sold into Foot Locker. We're doing it in a very thoughtful way similar to what we did with Macy's a couple of years ago with a small amount of doors as a test, test and learn. We'll take those learnings and embed them into product and marketing in the partnership. And we're pleased with how things are performing and the response of both Foot Locker, Inc. and their consumers so far. So, I think this is a meaningful opportunity. If we can really resonate particularly in men's with that sports lifestyle consumer and that distribution over time, and as I said earlier in the call, I do think it's incremental to places like Nordstrom and Dillard's. I think it could be meaningful for UGG, particularly in men, but also in UGG women's as well. And what's great about it, is it gives us exposure and an opportunity to connect with our younger consumer, which we don't necessarily do in Nordstrom's and Dillard's and traditional accounts. So I'm pretty excited about it, and then when we also think about the opportunity for Foot Locker in Canada and Europe, and then kind of like JD Sports or JD over in the UK as well.
Sam Poser -- Susquehanna International Group -- Analyst
Thank you. And then lastly back to the inventory for one sec. Given the way the inventory is tracking, could you give us some idea of how -- Steve, maybe, how you're thinking about the inventory at the end of this quarter and at the end of the year, also especially, what are you doing to maybe offset that potential for the -- for them think of the other tranche for $267 billion, even though it is a small part of your business that is impacted by the tariffs.
Steven J. Fasching -- Chief Financial Officer
Yeah, I think, as we look at it -- kind of answer the question in context with Q2. We feel we've made some pretty significant improvement in Q2. So inventory is down 7% year-over-year. When you lay that into the context of the brand with the growth of HOKA and Koolaburra, we've got inventory increasing there. So the improvement within the UGG brand is even more impressive than the 7%. So, we think we've made good progress with inventory. I wouldn't factor this same level of improvement kind of in the next two quarters, something we were going to continue to work on, but with a big inventory being brought in and movement in this quarter and next quarter, we're pretty pleased with this result. I wouldn't kind of extrapolate this result yet onto the next two quarters.
Sam Poser -- Susquehanna International Group -- Analyst
Alright. Thanks very much. Good luck.
Steven J. Fasching -- Chief Financial Officer
Okay. Thanks Sam.
Operator
And this concludes our question-and-answer session. The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.
Duration: 71 minutes
Call participants:
Erinn Kohler -- Director, Investor Relations and Corporate Planning
David Powers -- Chief Executive Officer, President and Director
Steven J. Fasching -- Chief Financial Officer
Dana Telsey -- Telsey Advisory Group -- Analyst
Camilo Lyon -- Canaccord Genuity -- Analyst
Jim Duffy -- Stifel -- Analyst
Christopher Svezia -- Wedbush Equity Research -- Analyst
Omar Saad -- Evercore ISI -- Analyst
Mitch Kummetz -- Pivotal Research -- Analyst
Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst
Erinn Murphy -- Piper Jaffray -- Analyst
Sam Poser -- Susquehanna International Group -- Analyst
More DECK analysis
Transcript powered by AlphaStreet
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditionsfor additional details, including our Obligatory Capitalized Disclaimers of Liability.
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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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Deckers Outdoor Corp (NYSE: DECK) Q2 2019 Earnings Conference Call Oct. 25, 2018 , 4:30 p.m. Welcome to the Deckers Brands Second Quarter Fiscal 2019 Earnings Conference Call. As always I'd like to thank all of Deckers employees around the globe for contributing to our strong performance during the second quarter.
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Duration: 71 minutes Call participants: Erinn Kohler -- Director, Investor Relations and Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Dana Telsey -- Telsey Advisory Group -- Analyst Camilo Lyon -- Canaccord Genuity -- Analyst Jim Duffy -- Stifel -- Analyst Christopher Svezia -- Wedbush Equity Research -- Analyst Omar Saad -- Evercore ISI -- Analyst Mitch Kummetz -- Pivotal Research -- Analyst Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst Erinn Murphy -- Piper Jaffray -- Analyst Sam Poser -- Susquehanna International Group -- Analyst More DECK analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corp (NYSE: DECK) Q2 2019 Earnings Conference Call Oct. 25, 2018 , 4:30 p.m. Welcome to the Deckers Brands Second Quarter Fiscal 2019 Earnings Conference Call.
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Duration: 71 minutes Call participants: Erinn Kohler -- Director, Investor Relations and Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Dana Telsey -- Telsey Advisory Group -- Analyst Camilo Lyon -- Canaccord Genuity -- Analyst Jim Duffy -- Stifel -- Analyst Christopher Svezia -- Wedbush Equity Research -- Analyst Omar Saad -- Evercore ISI -- Analyst Mitch Kummetz -- Pivotal Research -- Analyst Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst Erinn Murphy -- Piper Jaffray -- Analyst Sam Poser -- Susquehanna International Group -- Analyst More DECK analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corp (NYSE: DECK) Q2 2019 Earnings Conference Call Oct. 25, 2018 , 4:30 p.m. Welcome to the Deckers Brands Second Quarter Fiscal 2019 Earnings Conference Call.
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Duration: 71 minutes Call participants: Erinn Kohler -- Director, Investor Relations and Corporate Planning David Powers -- Chief Executive Officer, President and Director Steven J. Fasching -- Chief Financial Officer Dana Telsey -- Telsey Advisory Group -- Analyst Camilo Lyon -- Canaccord Genuity -- Analyst Jim Duffy -- Stifel -- Analyst Christopher Svezia -- Wedbush Equity Research -- Analyst Omar Saad -- Evercore ISI -- Analyst Mitch Kummetz -- Pivotal Research -- Analyst Rafe Jadrosich -- Bank of America Merrill Lynch -- Analyst Erinn Murphy -- Piper Jaffray -- Analyst Sam Poser -- Susquehanna International Group -- Analyst More DECK analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Deckers Outdoor Corp (NYSE: DECK) Q2 2019 Earnings Conference Call Oct. 25, 2018 , 4:30 p.m. Welcome to the Deckers Brands Second Quarter Fiscal 2019 Earnings Conference Call.
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9be184fe-e8e0-4958-91aa-d4541590c7f8
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724288.0
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2018-10-26 00:00:00 UTC
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Consumer Sector Update for 10/26/2018: CMG,DECK,AMZN
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-10262018-cmgdeckamzn-2018-10-26
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Top Consumer Stocks
WMT -0.64%
MCD -1.22%
DIS -0.36%
CVS -0.11%
KO -1.81%
Consumer stocks were significantly lower, with shares of consumer staples companies in the S&P 500 sinking 1.4% this afternoon while shares of consumer discretionary firms in the S&P 500 falling 2.7%.
Among consumer stocks moving on news:
(+) Chipotle Mexican Grill ( CMG ) rose 2% Friday afternoon and overcoming an earlier decline, after breezing past Wall Street expectations with its adjusted Q3 earnings.
In other sector news:
(+) Deckers Outdoor ( DECK ) rose 6.3% on Friday after the footwear and apparel company reported an increase in adjusted fiscal Q2 net income to $2.38 per share from $1.54 per share during the same quarter last year and beating the Capital IQ consensus by $0.67 per share. Total sales rose to $501.9 million from $482.5 million last year and also exceeding the $493.7 million Street view.
(-) Amazon ( AMZN ) fell as much as 10% on Friday after the online retailer reported a 29% sales increase during the three months ended Sept. 30 to $56.6 billion but still lagging the Capital IQ consensus expecting $57 billion in sales. Net income raced to $5.75 per share from $0.52 per share last year. It also is projecting up to $72.5 billion in Q4 sales, missing the $73.7 billion Street view.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
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 other sector news: (+) Deckers Outdoor ( DECK ) rose 6.3% on Friday after the footwear and apparel company reported an increase in adjusted fiscal Q2 net income to $2.38 per share from $1.54 per share during the same quarter last year and beating the Capital IQ consensus by $0.67 per share. Among consumer stocks moving on news: (+) Chipotle Mexican Grill ( CMG ) rose 2% Friday afternoon and overcoming an earlier decline, after breezing past Wall Street expectations with its adjusted Q3 earnings. (-) Amazon ( AMZN ) fell as much as 10% on Friday after the online retailer reported a 29% sales increase during the three months ended Sept. 30 to $56.6 billion but still lagging the Capital IQ consensus expecting $57 billion in sales.
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In other sector news: (+) Deckers Outdoor ( DECK ) rose 6.3% on Friday after the footwear and apparel company reported an increase in adjusted fiscal Q2 net income to $2.38 per share from $1.54 per share during the same quarter last year and beating the Capital IQ consensus by $0.67 per share. (-) Amazon ( AMZN ) fell as much as 10% on Friday after the online retailer reported a 29% sales increase during the three months ended Sept. 30 to $56.6 billion but still lagging the Capital IQ consensus expecting $57 billion in sales. 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 other sector news: (+) Deckers Outdoor ( DECK ) rose 6.3% on Friday after the footwear and apparel company reported an increase in adjusted fiscal Q2 net income to $2.38 per share from $1.54 per share during the same quarter last year and beating the Capital IQ consensus by $0.67 per share. Consumer stocks were significantly lower, with shares of consumer staples companies in the S&P 500 sinking 1.4% this afternoon while shares of consumer discretionary firms in the S&P 500 falling 2.7%. 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 other sector news: (+) Deckers Outdoor ( DECK ) rose 6.3% on Friday after the footwear and apparel company reported an increase in adjusted fiscal Q2 net income to $2.38 per share from $1.54 per share during the same quarter last year and beating the Capital IQ consensus by $0.67 per share. Consumer stocks were significantly lower, with shares of consumer staples companies in the S&P 500 sinking 1.4% this afternoon while shares of consumer discretionary firms in the S&P 500 falling 2.7%. It also is projecting up to $72.5 billion in Q4 sales, missing the $73.7 billion Street view.
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f57eaca5-cc89-45ce-8959-71fb3827b9b6
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724289.0
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2018-10-25 00:00:00 UTC
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Carter's (CRI) Earnings & Revenues Miss Estimates in Q3
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DECK
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https://www.nasdaq.com/articles/carters-cri-earnings-revenues-miss-estimates-in-q3-2018-10-25
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Carter's Inc . CRI posted third-quarter 2018 results, wherein both the top and bottom lines missed the respective Zacks Consensus Estimate. Results were negatively impacted by lower-than-expected demand for fall transitional products, especially during the Labor Day holiday season. However, the company witnessed sales improvement in the latter half of September, which was in-line with its expectations.
Q3 Highlights
Carter's third-quarter 2018 earnings per share of $1.61 declined 5.4% year over year. Moreover, the bottom line lagged the Zacks Consensus Estimate of $1.69.
Net sales declined 2.5% to $923.9 million, missing the Zacks Consensus Estimate of $941 million. Soft sales can be attributed to decline in the U.S. Wholesale segment, with significant losses from Toys "R" Us and Bon-Ton. However, sales growth in the U.S. Retail and International segments partly offset the top line decline. Sales grew 2.1% on a constant-currency basis. Foreign currency negatively impacted the top line by $4.1 million or 0.4%.
We note that shares of this Zacks Rank #3 (Hold) stock has lost 11% in the past three months, underperforming the industry 's decline of 8.6%.
Segment Revenues
U.S. Retail segment sales inched up 1.2% year over year to $459.1 million, backed by comparable sales (comps) growth of 0.5%. The increase in comps is mainly attributed to solid e-commerce growth.
U.S. Wholesale segment saw sales decline of 8.3% to $339 million, mainly due to fall in shipments on account of loss of sales to Toys "R" Us and Bon-Ton.
The International segment reported revenue gains of 1% to $125.8 million in the third quarter due to acquired licensee business in Mexico and robust demand in markets outside of North America. This was partly offset by fall in demand across China and unfavorable impact of foreign currency. Currency-neutral revenues for the segment rose 4.2%.
Carter's, Inc. Price, Consensus and EPS Surprise
Carter's, Inc. Price, Consensus and EPS Surprise | Carter's, Inc. Quote
Margins
Gross profit decreased 4% to $387.5 million, while gross margin contracted 70 basis points (bps) to 41.9%.
Adjusted operating income declined 18.2% to $107.1 million. Adjusted operating margin contracted 220 bps to 11.6%, owing to higher retail and marketing investments as well as elevated distribution costs.
Balance Sheet & Shareholder-Friendly Moves
Carter's ended third-quarter 2018 with cash and cash equivalents of $123.9 million, long-term debt of $798 million and shareholders' equity of $811.2 million. Inventories as of Sep 30, 2018, grew 13.6% to $693 million.
The company generated $21.4 million in operating cash flow in the first nine months of 2018.
In the third quarter, Carter's returned nearly $77.2 million to shareholders, including $20.8 million in dividends and $56.4 million through share buyback. During the quarter, the company bought back 543,793 shares at an average price of $103.72 per share. The company also paid a dividend of 45 cents per share. As of Oct 24, 2018, the company had $418 million remaining under its current share repurchase program.
Outlook
For fourth-quarter 2018, Carter's expects net sales to grow 5% compared with the fourth quarter of 2017. Adjusted earnings per share are also anticipated to rise 10% from the prior-year quarter earnings of $2.33. Results for the fourth quarter assume a partial recovery of lost sales that were initially planned for Toys "R" Us and Bon-Ton.
Carter's anticipates growth of 1.5% for net sales and about 5% for adjusted earnings per share in 2018.
Looking for Trending Stocks? Check These
Deckers Outdoor DECK has long-term earnings growth rate of 12% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Adidas ADDYY has long-term earnings growth rate of 15.5% and a Zacks Rank #1.
Xtep International Holdings XTEPY has long-term earnings growth rate of 11% and a Zacks Rank #1.
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Carter's, Inc. (CRI): Free Stock Analysis Report
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Adidas AG (ADDYY): 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.
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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Check These Deckers Outdoor DECK has long-term earnings growth rate of 12% and a Zacks Rank #1 (Strong Buy). Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. The International segment reported revenue gains of 1% to $125.8 million in the third quarter due to acquired licensee business in Mexico and robust demand in markets outside of North America.
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Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Deckers Outdoor DECK has long-term earnings growth rate of 12% and a Zacks Rank #1 (Strong Buy). Segment Revenues U.S. Retail segment sales inched up 1.2% year over year to $459.1 million, backed by comparable sales (comps) growth of 0.5%.
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Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Deckers Outdoor DECK has long-term earnings growth rate of 12% and a Zacks Rank #1 (Strong Buy). Net sales declined 2.5% to $923.9 million, missing the Zacks Consensus Estimate of $941 million.
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Check These Deckers Outdoor DECK has long-term earnings growth rate of 12% and a Zacks Rank #1 (Strong Buy). Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Net sales declined 2.5% to $923.9 million, missing the Zacks Consensus Estimate of $941 million.
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196a91a4-e20d-4e9d-9a81-884625c7cea9
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724290.0
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2018-10-24 00:00:00 UTC
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Is Rent-A-Center (RCII) Q3 Earnings Likely to Improve Y/Y?
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DECK
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https://www.nasdaq.com/articles/is-rent-a-center-rcii-q3-earnings-likely-to-improve-y-y-2018-10-24
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Rent-A-CenterRCII is expected to report third-quarter 2018 results on Oct 29. In the last reported quarter, the company delivered a positive earnings surprise following three straight quarters of a miss.
Let's see how things are shaping up prior to this announcement.
Which Way Are Top & Bottom-Line Estimates Headed?
The Zacks Consensus Estimate for third-quarter earnings is pegged at 29 cents, which shows considerable improvement from a loss of 15 cents in the year-ago quarter. We note that the Zacks Consensus Estimate has been stable in the last 30 days. The consensus estimate for revenues is at $635 million, reflecting a year-over-year decline of 1.4%. We note that total revenues of this Texas-based company fell almost 3.2% in the last reported quarter.
Let's delve deeper and find out the factors impacting the results.
Rent-A-Center, Inc. Price and EPS Surprise
Rent-A-Center, Inc. Price and EPS Surprise | Rent-A-Center, Inc. Quote
Factors at Play
Rent-A-Center, which has accepted the buyout offer of Vintage Capital, is focused on enhancing its omni-channel platform so that customers can experience a seamless approach across channels, markets, retailers, products and brands. In doing so, it is increasing e-commerce offerings and mobile applications, and leveraging cloud-based point-of-sale platform to manage orders more efficiently, lower losses and cut operating costs.
Markedly, the company's cost-saving initiatives are much ahead of track, making it hopeful of generating annual run-rate savings of more than $100 million and savings of roughly $70 million in 2018.
The company's Acceptance Now business model is also gaining traction. Notably, comparable-store sale at the Acceptance Now segment improved 3.7% during the second quarter of 2018. Overall comparable-store sale for the second quarter grew 3.7%. The Zacks Consensus Estimate for the metric is currently pegged at 4.1% for the third quarter.
Management intends to focus more on cost containment endeavors, improving traffic trends, targeted value proposition, refranchising program and augmenting cash flow. Further, the company is rationalizing store base and lowering debt load.
What Does the Zacks Model Say?
Our proven model does not conclusively show that Rent-A-Center is likely to beat estimates this quarter. A stock needs to have both - a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP - for this to happen. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Rent-A-Center has a Zacks Rank #1 (Strong Buy) but an Earnings ESP of -12.28%, making surprise prediction difficult.
Stocks With Favorable Combination
Here are some better-ranked companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
Crocs CROX has an Earnings ESP of +57.14% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor Corporation DECK has an Earnings ESP of +4.85% and a Zacks Rank #1.
Callaway Golf Company ELY has an Earnings ESP of +71.42% and a Zacks Rank #2.
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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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
Rent-A-Center, Inc. (RCII): Free Stock Analysis Report
Callaway Golf Company (ELY): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Crocs, Inc. (CROX): 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.
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 has an Earnings ESP of +4.85% and a Zacks Rank #1. Click to get this free report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Callaway Golf Company (ELY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report To read this article on Zacks.com click here. In doing so, it is increasing e-commerce offerings and mobile applications, and leveraging cloud-based point-of-sale platform to manage orders more efficiently, lower losses and cut operating costs.
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Click to get this free report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Callaway Golf Company (ELY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has an Earnings ESP of +4.85% and a Zacks Rank #1. The Zacks Consensus Estimate for third-quarter earnings is pegged at 29 cents, which shows considerable improvement from a loss of 15 cents in the year-ago quarter.
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Click to get this free report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Callaway Golf Company (ELY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has an Earnings ESP of +4.85% and a Zacks Rank #1. The Zacks Consensus Estimate for third-quarter earnings is pegged at 29 cents, which shows considerable improvement from a loss of 15 cents in the year-ago quarter.
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Click to get this free report Rent-A-Center, Inc. (RCII): Free Stock Analysis Report Callaway Golf Company (ELY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has an Earnings ESP of +4.85% and a Zacks Rank #1. In the last reported quarter, the company delivered a positive earnings surprise following three straight quarters of a miss.
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290855d9-e59d-4bff-9e36-1885e094774f
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724291.0
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2018-10-22 00:00:00 UTC
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Skechers (SKX) Gains on Q3 Earnings Beat, Upbeat Outlook
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DECK
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https://www.nasdaq.com/articles/skechers-skx-gains-on-q3-earnings-beat-upbeat-outlook-2018-10-22
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nan
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nan
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Skechers USA Inc.SKX reversed the preceding quarter's earnings miss of 27.5% with a 13.7% beat in the third quarter of 2018. Management also provided an upbeat view for the final quarter, which perked up investors despite the year-over-year earnings decline and top-line miss. The sluggish domestic wholesale business performance was compensated by double-digit increase in both international wholesale and global company-owned retail businesses.
This Manhattan Beach, CA-based company pointed that Skechers D'Lites is fast gaining traction on sturdy demand in North America and Europe after huge success in Asia. The brand is positioned for growth in South America, India and the Middle East.
We note that shares of this Zacks Rank #3 (Hold) stock have gained 9% in the past three months against the industry 's decline of 5%. The stock got a major boost following third-quarter results and encouraging view. Meanwhile, on Oct 19, the stock rose 13.8% during the trading session.
Let's Delve Deep
This designer, developer, marketer and distributor of footwear recorded earnings of 58 cents a share that beat the Zacks Consensus Estimate of 51 cents and management's projection of 50-55 cents. In spite of top-line growth, earnings declined 1.7% from 59 cents in the year-ago quarter owing to escalating operating expenses, unfavorable foreign exchange impact and a higher effective tax rate.
The company delivered net sales of $1,176.4 million that rose 7.5% from the year-ago quarter but lagged the Zacks Consensus Estimate of $1,214 million following seven straight quarters of beats. We also note that the top line fell short of management's guidance of $1,200-$1,225 million.
Skechers U.S.A., Inc. Price, Consensus and EPS Surprise
Skechers U.S.A., Inc. Price, Consensus and EPS Surprise | Skechers U.S.A., Inc. Quote
Skechers' domestic e-commerce business saw a sales increase of 15%. The company currently operates e-commerce sites in Chile, Germany, the U.K., Spain and Canada.
Gross profit in the reported quarter rose 8.4% to $563.9 million and gross margin expanded 40 basis points (bps) to 47.9% owing to solid domestic margin on higher retail prices and improved segment mix, partly offset by unfavorable foreign currency exchange rates.
Operating income came in at $123.9 million, up 6.4% from the prior-year quarter. Meanwhile, operating margin contracted 10 bps to 10.5% due to higher general and administrative expenses.
Segmental Sales Synopsis
Skechers' domestic wholesale revenues fell 3% year over year in the quarter under review after declining 7% in the preceding quarter. The company shipped 1.5% more pairs, while average price per pair declined 4.4%.
The international wholesale business revenues, which accounted for 45.2% of total sales, rose 11.8% on 22.9% increase in joint venture business and 11.6% growth in distributor business. China is one of the key markets with about 5.6 million pairs shipped in the quarter, roughly 793 Skechers freestanding stores and 2,340 points of sale. Business in China grew 21.9% in the quarter.
Management expects its international distributor business to increase high single-digits, while international subsidiary and joint venture business is expected to improve double-digits in the final quarter.
On a combined basis, global company-owned retail business sales grew 10.6% on 1.9% comps growth. Domestic retail sales rose 8.1% and International retail sales surged 15.7%. Comps increased 3% at domestic retail stores but dropped 0.8% at international retail stores.
Store Update
Skechers operated 681 company-owned retail outlets globally, comprising 216 international locations at the end of the quarter under review. During the quarter, the company opened 13 stores and remodeled, relocated or expanded six locations. So far in the fourth quarter, the company has opened four outlets. The company intends to open another seven company-owned Skechers stores and remodel, relocate or expand 10 more existing stores in the remainder of 2018.
During the quarter, 108 third-party owned stores were opened and 36 stores were shuttered. So far in the fourth quarter, the company has opened four third-party owned stores with plans to open another 75-100 third-party owned Skechers branded stores through 2018.
Other Financial Aspects
Skechers ended the quarter with cash and cash equivalents and investments of $959.8 million (up $223.4 million from Dec 31, 2017), long-term borrowings (net of current installments) of $69.8 million, and shareholders' equity of $2,024.4 million, excluding non-controlling interest of $142.9 million.
During the quarter, the company bought back roughly 1.4 million shares at a cost of $40 million under its existing share buyback program. The company has approximately $92 million left as of Sep 30, 2018.
Capital expenditures incurred during the quarter were $36.1 million on store openings, remodels, international wholesale operations and expansion of domestic distribution center. Management envisions capital expenditures of about $20-$25 million for the remainder of 2018, reflecting planned opening of stores, store remodeling projects and office renovation.
Outlook
Management projects fourth-quarter earnings between 20 cents and 25 cents a share compared with 21 cents delivered a year ago. We note that the company's guided range is above the current Zacks Consensus Estimate of 18 cents, which could witness an upward revision in the days ahead.
The company anticipates net sales in the band of $1,100-$1,125 million compared with $970.6 million reported in the prior-year quarter. The Zacks Consensus Estimate for the same is $1.07 billion.
Looking for High-Performance Stocks?
Deckers Outdoor DECK has a long-term earnings growth rate of 12% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Columbia Sportswear COLM , with a long-term earnings growth rate of 10.8%, carries a Zacks Rank #1.
Under Armour UAA has a long-term earnings growth rate of 20.5% and a Zacks Rank #2 (Buy).
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Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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
Under Armour, Inc. (UAA): Free Stock Analysis Report
Columbia Sportswear Company (COLM): 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.
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 has a long-term earnings growth rate of 12% and a Zacks Rank #1 (Strong Buy). Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Under Armour, Inc. (UAA): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. This Manhattan Beach, CA-based company pointed that Skechers D'Lites is fast gaining traction on sturdy demand in North America and Europe after huge success in Asia.
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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 Under Armour, Inc. (UAA): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor DECK has a long-term earnings growth rate of 12% and a Zacks Rank #1 (Strong Buy). Skechers U.S.A., Inc. Price, Consensus and EPS Surprise Skechers U.S.A., Inc. Price, Consensus and EPS Surprise | Skechers U.S.A., Inc. Quote Skechers' domestic e-commerce business saw a sales increase of 15%.
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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 Under Armour, Inc. (UAA): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor DECK has a long-term earnings growth rate of 12% and a Zacks Rank #1 (Strong Buy). The company delivered net sales of $1,176.4 million that rose 7.5% from the year-ago quarter but lagged the Zacks Consensus Estimate of $1,214 million following seven straight quarters of beats.
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Deckers Outdoor DECK has a long-term earnings growth rate of 12% and a Zacks Rank #1 (Strong Buy). Click to get this free report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Under Armour, Inc. (UAA): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. In spite of top-line growth, earnings declined 1.7% from 59 cents in the year-ago quarter owing to escalating operating expenses, unfavorable foreign exchange impact and a higher effective tax rate.
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5d93436c-0e13-4aa3-aabd-f4b06a838c80
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724292.0
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2018-10-22 00:00:00 UTC
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Is Deckers (DECK) Likely to Register Higher Q2 Earnings?
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DECK
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https://www.nasdaq.com/articles/is-deckers-deck-likely-to-register-higher-q2-earnings-2018-10-22
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nan
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nan
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Deckers Outdoor CorporationDECK is slated to report second-quarter fiscal 2019 results on Oct 25. In the last four quarters, this Goleta, CA-based footwear and apparel retailer outperformed the Zacks Consensus Estimate by an average of 71.9%. Investors are counting on another beat by Deckers in the to-be-reported quarter. Let's delve deeper into the factors that will be influencing the results.
How Are Estimates Shaping Up?
The Zacks Consensus Estimate for second-quarter earnings is pegged at $1.72 compared with $1.54 in the year-ago quarter. We note that the Zacks Consensus Estimate has improved by a couple of cents in the last seven days. Analysts polled by Zacks now project revenues of $496.2 million, showing an improvement of approximately 3% from the year-ago quarter.
If all goes well, this will be the seventh straight quarter of top and bottom-line beats for the company.
Factors Playing Key Role
Deckers is targeting profitable markets and is focused on product innovation as well as store augmentation plan. Further, the company's focus on expanding brand assortments, bringing more innovative line of products, targeting consumers through marketing and optimizing omni-channel distribution bodes well.
In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and open smaller concept omni-channel outlets. Additionally, the company has undertaken strategic initiatives to drive long-term growth. Its store-fleet optimization plan focuses on striking the right balance between digital and physical stores.
Management had earlier guided second-quarter net sales in the range of $485-$495 million compared with $482.5 million a year ago. The company had estimated earnings in the band of $1.60-$1.70.
However, industry experts are concerned about Deckers' over-reliance on the UGG brand. In the event of stagnation or decline in UGG sales growth, the company's overall results will be affected. This is because the percentage of contribution from the company's other brands are too minimal to offset any slowdown in UGG sales.
The Zacks Consensus Estimate for Sanuk brand revenues is $16 million, reflecting an increase of about 5%, while the same for Teva brand is $19.5 million, indicating a decline of approximately 9% year over year. Sales from UGG brand are expected at $400 million, almost flat compared with the prior-year period.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote
What the Zacks Model Unveils
Our proven model shows that Deckers is likely to beat estimates this quarter. This is because a stock needs to have both - a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP - for this to happen. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Deckers has an Earnings ESP of +4.85% and a Zacks Rank #1. This makes us reasonably confident that it is likely to outperform estimates.
Other Stocks With Favorable Combination
Here are a few other companies you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat:
Boot Barn Holdings BOOT has an Earnings ESP of +3.70% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Five Below FIVE has an Earnings ESP of +5.26% and a Zacks Rank #2.
Foot Locker FL has an Earnings ESP of +1.00% and a Zacks Rank #3.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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
Foot Locker, Inc. (FL): Free Stock Analysis Report
Five Below, Inc. (FIVE): Free Stock Analysis Report
Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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Factors Playing Key Role Deckers is targeting profitable markets and is focused on product innovation as well as store augmentation plan. In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and open smaller concept omni-channel outlets. Deckers Outdoor CorporationDECK is slated to report second-quarter fiscal 2019 results on Oct 25.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote What the Zacks Model Unveils Our proven model shows that Deckers is likely to beat estimates this quarter. Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Five Below, Inc. (FIVE): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK is slated to report second-quarter fiscal 2019 results on Oct 25.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote What the Zacks Model Unveils Our proven model shows that Deckers is likely to beat estimates this quarter. Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Five Below, Inc. (FIVE): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK is slated to report second-quarter fiscal 2019 results on Oct 25.
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Deckers has an Earnings ESP of +4.85% and a Zacks Rank #1. Deckers Outdoor CorporationDECK is slated to report second-quarter fiscal 2019 results on Oct 25. Investors are counting on another beat by Deckers in the to-be-reported quarter.
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62e81115-24d8-4f6f-8cfa-97883c6d96b2
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724293.0
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2018-10-15 00:00:00 UTC
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3 Factors Likely to Keep World Wrestling (WWE) on Growth Track
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DECK
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https://www.nasdaq.com/articles/3-factors-likely-to-keep-world-wrestling-wwe-on-growth-track-2018-10-15
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nan
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nan
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World Wrestling Entertainment, Inc.WWE focuses on increasing original content, subscriber growth, rising TV rights fees and monetization of video content across digital as well as direct-to-consumer platforms. Backed by such efforts, the company performed impressively in the second quarter of 2018 and prompted management to issue an upbeat view for 2018. These factors also raised investors' confidence in this Zacks Rank #3 (Hold) stock.
As a result, shares of the company have gained roughly 8% in the past three months, outperforming its industry 's and S&P 500 index's decline of 7.1% and 1.3%, respectively.
To remain on growth track, the company has put into place a number of initiatives. We have highlighted three such focus areas, which are likely to fuel performance in the upcoming periods.
Solid International Sponsorship
We note that second-quarter advertising and sponsorship sales surged 49.6% across media platforms. Revenues from international sponsorship have improved owing to joining of blue-chip advertisers such as KFC, Nestlé, AT&T and other gaming partners. Moreover, in an effort to boost revenues, WWE has reached an agreement with sports marketing agency, Lagardère Sports, which will facilitate it to acquire international sponsorship.
Efforts to Increase Subscribers
WWE's number of average paid subscribers increased 10% year over year in the second quarter to 1.80 million. During the first six months of 2018, digital video views surged 58% to 14.4 billion, while hours consumed soared 71% to 509 million across digital and social media platforms. Management now envisions average paid subscribers of approximately 1.67 million for the third quarter, reflecting an increase of 10% from the prior-year period.
In the long haul, the company will continue banking on WWE's content distribution agreement to bolster subscriber base. Earlier, the company stated that in some regions distribution agreement will expire in 2019. Notably, it is looking to renew the distribution agreement in the U.K. by end of 2018 and in India by the first half of 2019.
Penetrating its reach in television, WWE witnessed third fascinating season of Total Bellas, developed a new series, Miz & Mrs. (premiered on Jul 24, 2018) and announced the eighth season Fall return of Total Divas. The company believes that it will continue to add more WWE Network subscribers by augmenting content as well as distribution network.
Strategic Deals to Increase Revenues
WWE announced a multi-year deals with Fox Sports and USA Network for its flagship programs. These five-year deals for the U.S. distribution of WWE programs will be effective Oct 1, 2019. Per management, these agreements will improve the average annual value of WWE's U.S. distribution to 3.6 times of the contract with NBC Universal.
Management had earlier stated that these agreements will likely bump up revenues from $311 million in 2019 to $462 million in 2021. There are other agreements that are to be negotiated and renewed in the 2019-2021 period, which might increase further. For 2019, WWE expects adjusted OIBDA of minimum $200 million assuming substantial revenue growth from the latest U.S. deals.
Wrapping Up
Apart from the aforementioned efforts, the company has been striving to expand its presence globally. It also undertakes sustained measures to come up with interesting content and thereby retain customers. All said, we expect such endeavors to continue strengthening the company's performance and help it sustain in investors' good books.
3 More Hot Stocks Awaiting Your Look
Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 71.9% in the trailing four quarters. The company has a long-term earnings growth rate of 12% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Guess', Inc. GES delivered an average positive earnings surprise of 8.8% in the trailing four quarters. The company carries a Zacks Rank of 1.
Wolverine World Wide, Inc. WWW pulled off an average positive earnings surprise of 17.8% in the trailing four quarters. It has a long-term earnings growth rate of 10% and a Zacks Rank #2 (Buy).
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Click here for the 6 trades >>
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
World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Guess?, Inc. (GES): 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.
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 More Hot Stocks Awaiting Your Look Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 71.9% in the trailing four quarters. Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. In the long haul, the company will continue banking on WWE's content distribution agreement to bolster subscriber base.
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3 More Hot Stocks Awaiting Your Look Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 71.9% in the trailing four quarters. Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Efforts to Increase Subscribers WWE's number of average paid subscribers increased 10% year over year in the second quarter to 1.80 million.
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Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. 3 More Hot Stocks Awaiting Your Look Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 71.9% in the trailing four quarters. Efforts to Increase Subscribers WWE's number of average paid subscribers increased 10% year over year in the second quarter to 1.80 million.
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3 More Hot Stocks Awaiting Your Look Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 71.9% in the trailing four quarters. Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Efforts to Increase Subscribers WWE's number of average paid subscribers increased 10% year over year in the second quarter to 1.80 million.
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1ed56a5b-a0c1-49b3-a5f2-785ac44efd34
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724294.0
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2018-10-10 00:00:00 UTC
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Here's Why Investors Should Bet on Deckers (DECK) Stock Now
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DECK
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https://www.nasdaq.com/articles/heres-why-investors-should-bet-on-deckers-deck-stock-now-2018-10-10
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nan
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nan
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Shares of Deckers Outdoor CorporationDECK have outperformed the industry in a year's time. Evidently, the stock has surged roughly 57.8% in the said time frame compared with the Zacks Shoes and Retail Apparel industry, which grew 48.5%. Also, this Zacks Rank #1 (Strong Buy) stock has comfortably outpaced the broader Consumer Discretionary sector's growth of 7.7%.
Strategies such as enhancing omni-channel capabilities, innovative line of products and expanding brand assortments bode well for the company. Also, the company is on track with its restructuring plan to accelerate growth.
A Brief Introspection
Deckers is making efforts to strengthen its online presence and improve shopping experience for customers. The company plans 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. Also, the company is making new additions to its portfolio, evident from the acquisition of KOOLABURRA, a footwear brand.
Further, Deckers unveiled plans to close approximately 30 to 40 outlets over the next two years as part of its store fleet optimization plan. By fiscal 2020, Deckers expects company-owned fleet to be approximately 125 stores worldwide. These actions are likely to boost profitability and shareholder returns as well as enhance brand and store performances. Moreover, management expects cost savings of about $150 million on the back of improvement in cost of goods sold and SG&A savings, which include consolidation of retail outlets and process improvement efficiencies. This will help realize $100 million of operating profit improvement by fiscal 2020.
Additionally, Deckers is undertaking product and marketing strategies. In this regard, the company is implementing customer relationship management software and concentrating on loyalty program. Further, to keep up with customers' changing preferences, the company is expanding some of its product categories like casual boots, winter and weather boots, and casual shoes.
Apart from these, Deckers boasts robust first-quarter fiscal 2019 results, wherein both bottom and top lines surpassed the Zacks Consensus Estimate for the sixth straight quarter and grew year over year. Moreover, management raised its earnings and net sales guidance for the year. Management now anticipates net sales to be $1,930-$1,955 million, up from its prior projection of $1,925-$1,950 million. Further, adjusted earnings are projected to be $6.25-$6.45 per share, which portrays an improvement of more than $5.74 reported in fiscal 2018. The company had earlier guided adjusted earnings to be $6.20-$6.40 per share.
All said, we believe that the above-mentioned initiatives will help the company continue with its growth story.
Looking for More Trending Picks?
Xtep International Holdings XTEPY has long-term earnings growth rate of 11% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Adidas AG ADDYY has long-term earnings growth rate of 15.9% and a Zacks Rank #2 (Buy).
Wolverine Worlwide, Inc. WWW has long-term earnings growth rate of 10% and a Zacks Rank #2.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report
Adidas AG (ADDYY): 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.
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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Shares of Deckers Outdoor CorporationDECK have outperformed the industry in a year's time. A Brief Introspection Deckers is making efforts to strengthen its online presence and improve shopping experience for customers. Further, Deckers unveiled plans to close approximately 30 to 40 outlets over the next two years as part of its store fleet optimization plan.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor CorporationDECK have outperformed the industry in a year's time. A Brief Introspection Deckers is making efforts to strengthen its online presence and improve shopping experience for customers.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Xtep International Holdings Ltd. (XTEPY): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor CorporationDECK have outperformed the industry in a year's time. A Brief Introspection Deckers is making efforts to strengthen its online presence and improve shopping experience for customers.
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Shares of Deckers Outdoor CorporationDECK have outperformed the industry in a year's time. A Brief Introspection Deckers is making efforts to strengthen its online presence and improve shopping experience for customers. Further, Deckers unveiled plans to close approximately 30 to 40 outlets over the next two years as part of its store fleet optimization plan.
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bec55faa-115d-4822-9392-fd64b89b8613
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724295.0
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2018-10-10 00:00:00 UTC
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Deckers Outdoor (DECK) Shares Cross Below 200 DMA
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-deck-shares-cross-below-200-dma-2018-10-10
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nan
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nan
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In trading on Wednesday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed below their 200 day moving average of $103.24, changing hands as low as $103.18 per share. Deckers Outdoor Corp. shares are currently trading down about 5.5% on the day. The chart below shows the one year performance of DECK shares, versus its 200 day moving average:
Looking at the chart above, DECK's low point in its 52 week range is $63.32 per share, with $124.68 as the 52 week high point - that compares with a last trade of $103.28.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
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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In trading on Wednesday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed below their 200 day moving average of $103.24, changing hands as low as $103.18 per share. The chart below shows the one year performance of DECK shares, versus its 200 day moving average: Looking at the chart above, DECK's low point in its 52 week range is $63.32 per share, with $124.68 as the 52 week high point - that compares with a last trade of $103.28. Deckers Outdoor Corp. shares are currently trading down about 5.5% on the day.
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In trading on Wednesday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed below their 200 day moving average of $103.24, changing hands as low as $103.18 per share. The chart below shows the one year performance of DECK shares, versus its 200 day moving average: Looking at the chart above, DECK's low point in its 52 week range is $63.32 per share, with $124.68 as the 52 week high point - that compares with a last trade of $103.28. Deckers Outdoor Corp. shares are currently trading down about 5.5% on the day.
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In trading on Wednesday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed below their 200 day moving average of $103.24, changing hands as low as $103.18 per share. The chart below shows the one year performance of DECK shares, versus its 200 day moving average: Looking at the chart above, DECK's low point in its 52 week range is $63.32 per share, with $124.68 as the 52 week high point - that compares with a last trade of $103.28. Deckers Outdoor Corp. shares are currently trading down about 5.5% on the day.
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In trading on Wednesday, shares of Deckers Outdoor Corp. (Symbol: DECK) crossed below their 200 day moving average of $103.24, changing hands as low as $103.18 per share. Deckers Outdoor Corp. shares are currently trading down about 5.5% on the day. The chart below shows the one year performance of DECK shares, versus its 200 day moving average: Looking at the chart above, DECK's low point in its 52 week range is $63.32 per share, with $124.68 as the 52 week high point - that compares with a last trade of $103.28.
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e6e7c48a-c094-430f-a2c2-fa44b55f30c1
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724296.0
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2018-09-30 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Benjamin Graham - 9/30/2018
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-benjamin-graham-9302018-2018-09-30
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nan
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nan
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The following are the top rated Consumer Cyclical stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham . This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
COLUMBIA SPORTSWEAR COMPANY ( COLM ) is a mid-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada. The Company develops and manages its merchandise in categories, including apparel, accessories and equipment, and footwear. It distributes its products through a mix of wholesale distribution channels, its own direct-to-consumer channels (retail stores and e-commerce), independent distributors and licensees. As of December 31, 2016, its products were sold in approximately 90 countries. In 59 of those countries, it sells to independent distributors to whom it has granted distribution rights. Contract manufacturers located outside the United States manufacture all of its products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
COOPER TIRE & RUBBER CO ( CTB ) is a small-cap growth stock in the Tires industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia. The North America segment comprises its operations in the United States and Canada. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. The Latin America segment comprises its operations in Mexico, Central America, and South America. The European segment has operations in the United Kingdom and the Republic of Serbia. Its the United Kingdom entity manufactures and markets passenger car, light truck, motorcycle and racing tires and tire retread material. As of December 31, 2016, the Company operated nine manufacturing facilities and 20 distribution centers in 10 countries.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
DAIMLER AG ( DDAIF ) is a large-cap value stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. The Mercedes-Benz Cars segment includes vehicles of the Mercedes-Benz brand, including the brands, Mercedes-AMG and Mercedes-Maybach, as well as the Mercedes me brand. The Daimler Trucks segment develops and produces vehicles under the brands, including Mercedes-Benz, Freightliner, Western Star, FUSO and BharatBenz. The Mercedes-Benz Vans segment is a supplier of a range of vans and associated services. The Daimler Buses segment sells completely built-up buses under brand names, including MercedesBenz and Setra. The Daimler Financial Services segment supports the sales of its automotive brands in approximately 40 countries around the world.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Benjamin Graham has returned 515.33% vs. 191.28% for the S&P 500. For more details on this strategy, click here
About Benjamin Graham : The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
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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The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here COOPER TIRE & RUBBER CO ( CTB ) is a small-cap growth stock in the Tires industry. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services.
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The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Benjamin Graham has returned 515.33% vs. 191.28% for the S&P 500.
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The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Benjamin Graham has returned 515.33% vs. 191.28% for the S&P 500.
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6542fdb4-344b-482d-bf33-fe733c4ce7b9
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724297.0
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2018-09-27 00:00:00 UTC
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4 Top-Ranked Stocks to Ride the Consumer Confidence Wave
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DECK
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https://www.nasdaq.com/articles/4-top-ranked-stocks-to-ride-the-consumer-confidence-wave-2018-09-27
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nan
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nan
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Consumer confidence in the country grew unexpectedly in September, following solid improvement in August, according to a report by the Conference Board. Consumers' evaluation of current conditions remained extremely optimistic, as job and economy remained on a growth trajectory.
Rising consumer confidence also indicates consumers' limited concerns about their nation's ongoing trade disputes with China and other nations.
The improving confidence is reflected in spending, as consumers tend to spend more when they are confident about the economy. As consumer spending accounts for two-thirds of economic activity, its growth helps a number of industries thrive. This, along with seasonally high demand, should place retail companies at the front.
Let us take a look at some imperative facts before handpicking a few retail stocks to benefit from this situation.
Uptick in September Data Puts it Close to 18-Year High
Conference Board's measure of the consumer confidence index for September stands at 138.4, up from 134.7 in August. September data is close to the all-time high of 144.7 achieved in May 2000.
Expectations Index, a sub-index that measures overall consumer sentiments for short-term (next 6 months) economic conditions, also moved up from 109.3 in August to 115.3 in September.
Major Beneficiaries of Rising Consumer Confidence
According to Lynn Franco, Director of Economic Indicators at The Conference Board, the historically high confidence levels should continue to support healthy consumer spending, and should be welcome news for retailers as they begin gearing up for the holiday season.
Particularly, Textile-Apparel and Shoes and Retail Apparel industries could gain among others and catch investors' attention. Textile-Apparel has gained 24.7% year to date compared with S&P 500's rally of 9.2% while Shoes and Retail Apparel has gained 27.9% since Jan 1.
Stocks to Buy
You may consider betting on the following stocks carrying a Zacks Rank #1 (Strong Buy) or #2 (Buy).
Deckers Outdoor CorporationDECK designs, markets and distributes apparel, footwear and accessories. The company carries a Zacks Rank #2 and its shares have gained 44.2% year to date. Deckers Outdoor's earnings are expected to grow 12.2% for 2018.
Rocky Brands, Inc.RCKY designs, manufactures and sells premium quality apparel and footwear. The company markets its products under its famous brand names Rocky Outdoor Gear, Georgia Boot, Durango, Lehigh, and Dickies, the licensed brand. Rocky Brands earnings are expected to grow 46.5% for the current year and its shares have gained 50.3% year to date. The company sports a Zacks Rank #1.
You can see the complete list of today's Zacks #1 Rank stocks here .
Ralph Lauren CorporationRL designs, manufactures and markets women's, men's and children's' accessories, apparel, home furnishings and fragrances. The company carries a Zacks Rank #1 and its shares have gained 32.6% year to date. Ralph Lauren's earnings are expected to grow 10.1% in the current year.
Wolverine World Wide, Inc.WWW is a leading marketer of active lifestyle, work, casual, athletic, outdoor sport, uniform and children's apparel and footwear. The company holds a Zacks Rank #2 and its shares have gained 23.3% year to date. Wolverine's earnings are expected to grow 30.5% for 2018.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 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
Wolverine World Wide, Inc. (WWW): Get Free Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
Ralph Lauren Corporation (RL): 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.
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 CorporationDECK designs, markets and distributes apparel, footwear and accessories. Deckers Outdoor's earnings are expected to grow 12.2% for 2018. Click to get this free report Wolverine World Wide, Inc. (WWW): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Wolverine World Wide, Inc. (WWW): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK designs, markets and distributes apparel, footwear and accessories. Deckers Outdoor's earnings are expected to grow 12.2% for 2018.
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Click to get this free report Wolverine World Wide, Inc. (WWW): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK designs, markets and distributes apparel, footwear and accessories. Deckers Outdoor's earnings are expected to grow 12.2% for 2018.
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Deckers Outdoor CorporationDECK designs, markets and distributes apparel, footwear and accessories. Deckers Outdoor's earnings are expected to grow 12.2% for 2018. Click to get this free report Wolverine World Wide, Inc. (WWW): Get Free Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here.
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54384894-8294-4e8d-a048-a5c1fac62252
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724298.0
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2018-09-26 00:00:00 UTC
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NIKE (NKE) Q1 Earnings and Sales Top, FX Woes Hurt Stock
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DECK
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https://www.nasdaq.com/articles/nike-nke-q1-earnings-and-sales-top-fx-woes-hurt-stock-2018-09-26
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nan
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nan
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NIKE Inc.NKE once again delivered strong quarterly results, marking a splendid start to fiscal 2019. Both earnings and sales for first-quarter fiscal 2019 beat estimates. The reported quarter reflected double-digit revenue growth backed by solid execution of Consumer Direct Offense, which aided growth across all regions, alongside strength in Wholesale and NIKE Direct businesses. Most of this strength was driven by enhanced digital capabilities.
However, the company provided a somewhat disappointing guidance for fiscal 2019 and the second quarter, mainly due to impacts of FX headwinds. Notably, the currency environment has turned unfavorable lately due to the global trade and geopolitical dynamics, which has led to strengthening of the U.S. dollar. This is likely to weigh on the company's sales, on a reported basis.
Driven by the unfavorable FX backdrop, shares of NIKE have declined 3.5% in the after-hours session yesterday. Nevertheless, NIKE's stock has rallied 35.6% year to date, surpassing the industry 's increase of 27.2%.
Earnings & Revenues
This athletic apparel, footwear and accessory retailer's fiscal first-quarter earnings per share of 67 cents rose 18% year over year and surpassed the Zacks Consensus Estimate of 62 cents. This marked its 25th straight earnings beat. Earnings benefited from solid sales growth, improved gross margin, SG&A expense leverage and reduced share count. However, higher tax rate slightly weighed on earnings growth.
NIKE, Inc. Price, Consensus and EPS Surprise
NIKE, Inc. Price, Consensus and EPS Surprise | NIKE, Inc. Quote
Revenues of the Swoosh brand owner have increased 10% to $9,948 million, beating the Zacks Consensus Estimate of $9,883 million. This was primarily driven by double-digit growth at international locations and 6% growth in North America. Additionally, continued strength in NIKE Digital, which delivered 36% growth, aided the top line. Net sales grew 9% on a currency-neutral basis.
Operating Segments
Revenues for the NIKE Brand increased 9.7% to $9,417 million while constant-dollar revenues for the brand were up 10%. Results gained from double-digit growth in NIKE Direct and international regions, alongside sustained momentum in North America and strength in all categories led by Sportswear. Specifically, the international business witnessed strong revenue growth, with 20% increase (currency-neutral) in Greater China. Growth across geographies was driven by NIKE Direct, including 12% currency-neutral growth at NIKE Direct and 34% currency-neutral revenue growth (36% growth on a reported basis) for NIKE Digital.
Within the NIKE Brand, revenues grew 6% in North America (both on reported and currency-neutral basis), backed by solid growth across both footwear and apparel. This was fueled by new innovative platforms, and strong owned and partnered Digital growth. Further, the company's wholesale business also returned to growth while the Jordan brand is picking momentum.
In EMEA , the company revenue increased 11% (9% on currency-neutral basis), owing to strength in Sportswear and healthy growth in Running and Jordan. Further, NIKE Digital reported double-digit growth.
In Greater China , NIKE continues to deliver sustained growth, having delivered 17 straight quarters of double-digit growth in the region. Revenues grew 24% year over year, up 20% on a currency-neutral basis, driven by strong growth in Sportswear, Jordan, Basketball, and across Women's and Young Athletes. The company is gaining from balanced growth across both footwear and apparel in China. Further, Digital growth accelerated in the fiscal first quarter, driven by the company's partnerships with China's leading digital platforms - Tmall and WeChat.
In APLA , another fast-growing region, the company witnessed 7% revenue growth (up 14% on a currency-neutral basis). It was fueled by balanced double-digit growth across footwear and apparel, led by strength in Japan, Mexico and Korea. Further, the company delivered strong Digital growth in the region, which represented the highest rate of increase across all geographies. Sales for NIKE Digital grew more than 70% in the fiscal first quarter.
Further, revenues at the Converse brand advanced 9.1% to $527 million, owing to gains in Europe and Asia. On a currency-neutral basis, revenues increased 7% driven by strong double-digit revenue growth both in Greater China and digitally.
Costs & Margins
Gross profit improved 11% to $4,397 million while gross margin expanded 50 basis points (bps) to 44.2%. The expansion occurred mainly due to an increase in average selling prices, margin growth at NIKE Direct and higher full-price sales, partly negated by escalated product costs.
Selling and administrative expenses rose 7% to $3,063 million on account of higher operating overheads and demand creation expenses. Demand creation expenses increased 13% year over year to $964 million due to higher sports marketing investments, brand campaigns and key sporting moments. Operating overheads rose 5%, owing to continued investments in capabilities for aiding Consumer Direct Offense, mostly in NIKE Direct and global operations. However, as a percentage of sales, SG&A expenses leveraged 70 bps to 30.8%.
Balance Sheet & Shareholder-Friendly Moves
NIKE ended the fiscal first quarter with cash and short-term investments of $4,269 million, long-term debt (excluding current maturities) of $3,467 million and shareholders' equity of $8,992 million. Inventories as of Aug 31, 2018, grew nearly 0.3% to $5,227 million.
In the fiscal first quarter, NIKE bought back 17.8 million shares for $1.4 billion under its four-year $12-billion program that was approved in November 2015. As of Aug 31, the company's total repurchases under the program amounted to 167.2 million shares for roughly $10.1 billion.
The company also authorized a new four-year $15-billion share-repurchase program in June, which will commence when the existing program is completed. It expects the current program to be completed within fiscal 2019.
Outlook
NIKE's management remains encouraged by stronger-than-expected start to fiscal 2019. However, the company notes that global trade uncertainty and geopolitical dynamics have led to strengthening of the U.S. dollar in the last 90 days. This turned foreign exchange into a headwind. Consequently, the company has reiterated its guidance for fiscal 2019.
Though the company maintained revenue growth guidance in the high-single-digit range, it anticipates results to come at the lower end of this range. This is because operating gains are likely to be offset by FX headwinds due to stronger dollar.
The company expects gross margin expansion of 50 bps or slightly higher. Further, it expects SG&A expenses to increase in a high-single digit and effective tax rate in the mid-teen range. Other expenses, net of interest expenses, are now anticipated to be $100-$125 million of expenses in fiscal 2019 compared with the previous guidance of $125-$150 million of expense.
For second-quarter fiscal 2019, the company expects currency-neutral revenue growth of 9%, in line with the fiscal first quarter. However, taking into account the FX scenario, it expects reported revenues to be 2-3 points lower than the anticipated currency-neutral revenue growth.
Gross margin for the fiscal second quarter is expected to be on par with the expansion witnessed in the first quarter. However, the company continues to anticipate lesser gross margin expansion in the first half of fiscal 2019 compared with the second half.
Moreover, SG&A expenses for the fiscal second quarter is expected to increase about low-teens, driven by timing of investments in sports marketing and strategic investments in new digital capabilities. Other expenses, net of interest expense, are likely to be $30-$40 million of expense.
Zacks Rank & Stocks to Consider
NIKE currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same industry are Rocky Brands Inc. RCKY , sporting a Zacks Rank #1 (Strong Buy), Decker's Outdoor Corporation DECK and Wolverine World Wide, Inc. WWW , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Rocky Brands has delivered average positive earnings surprise of 56.3% in the trailing four quarters. Further, the stock has surged 48.2% year to date.
Decker's, with long-term earnings per share growth rate of 12%, has rallied 41.4% year to date.
Wolverine World Wide has advanced 21.8% year to date. The stock has a long-term growth rate of 10%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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NIKE, Inc. (NKE): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): 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.
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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Some better-ranked stocks in the same industry are Rocky Brands Inc. RCKY , sporting a Zacks Rank #1 (Strong Buy), Decker's Outdoor Corporation DECK and Wolverine World Wide, Inc. WWW , both carrying a Zacks Rank #2 (Buy). Decker's, with long-term earnings per share growth rate of 12%, has rallied 41.4% year to date. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Some better-ranked stocks in the same industry are Rocky Brands Inc. RCKY , sporting a Zacks Rank #1 (Strong Buy), Decker's Outdoor Corporation DECK and Wolverine World Wide, Inc. WWW , both carrying a Zacks Rank #2 (Buy). Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Decker's, with long-term earnings per share growth rate of 12%, has rallied 41.4% year to date.
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Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same industry are Rocky Brands Inc. RCKY , sporting a Zacks Rank #1 (Strong Buy), Decker's Outdoor Corporation DECK and Wolverine World Wide, Inc. WWW , both carrying a Zacks Rank #2 (Buy). Decker's, with long-term earnings per share growth rate of 12%, has rallied 41.4% year to date.
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Some better-ranked stocks in the same industry are Rocky Brands Inc. RCKY , sporting a Zacks Rank #1 (Strong Buy), Decker's Outdoor Corporation DECK and Wolverine World Wide, Inc. WWW , both carrying a Zacks Rank #2 (Buy). Decker's, with long-term earnings per share growth rate of 12%, has rallied 41.4% year to date. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here.
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77d78c9d-e75e-4550-a068-1741fa1c0957
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724299.0
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2018-09-25 00:00:00 UTC
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Zacks.com featured highlights include: Steel Dynamics, Deckers, Nucor, CBRE and Huntington Ingalls
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DECK
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include%3A-steel-dynamics-deckers-nucor-cbre-and-huntington
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nan
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nan
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For Immediate Release
Chicago, IL - September 25, 2018 - Stocks in this week's article are Steel Dynamics, Inc.STLD , Deckers Outdoor Corp.DECK , Nucor Corp.NUE , CBRE Group, Inc. CBRE and Huntington Ingalls Industries, Inc.HII .
5 Stocks with Impressive Interest Coverage Ratio to Scoop Up
You can simply arrive at a decision to Buy or Sell a particular stock by looking at its sales and earnings numbers. But such a strategy does not always warrant superior returns. A critical analysis of the company's financial background is always required for a better investment decision.
A company's fundamentals should be sound enough to meet its financial obligations. This can be judged with coverage ratios - the higher these are the more efficient an enterprise will be in meeting its financial obligations. Here we have discussed one such ratio - the Interest Coverage Ratio.
Interest Coverage Ratio = Earnings before Interest & Taxes (EBIT) divided by Interest Expense .
Why Interest Coverage Ratio?
Interest Coverage Ratio is used to determine how effectively a company can pay the interest charged on its debt.
Debt, which is crucial for most of the companies to finance operations, comes at a cost called interest. Interest expense has a direct bearing on the profitability of a company and 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 suggests the number of times the interest could be paid from earnings and also gauges the margin of safety a firm carries for paying interest.
An interest coverage ratio lower than 1.0 implies that the company is unable to fulfill its interest obligations and could default on repaying debt. A company that is capable of generating earnings well above its interest expense can withstand financial hardship. Definitely, 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.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/324433/5-stocks-with-impressive-interest-coverage-ratio-to-scoop-up
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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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: www.Zacks.com
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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
Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Steel Dynamics, Inc. (STLD): Free Stock Analysis Report
Nucor Corporation (NUE): Free Stock Analysis Report
CBRE Group, Inc. (CBRE): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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For Immediate Release Chicago, IL - September 25, 2018 - Stocks in this week's article are Steel Dynamics, Inc.STLD , Deckers Outdoor Corp.DECK , Nucor Corp.NUE , CBRE Group, Inc. CBRE and Huntington Ingalls Industries, Inc.HII . Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Steel Dynamics, Inc. (STLD): Free Stock Analysis Report Nucor Corporation (NUE): Free Stock Analysis Report CBRE Group, Inc. (CBRE): Free Stock Analysis Report To read this article on Zacks.com click here. Definitely, 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.
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For Immediate Release Chicago, IL - September 25, 2018 - Stocks in this week's article are Steel Dynamics, Inc.STLD , Deckers Outdoor Corp.DECK , Nucor Corp.NUE , CBRE Group, Inc. CBRE and Huntington Ingalls Industries, Inc.HII . Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Steel Dynamics, Inc. (STLD): Free Stock Analysis Report Nucor Corporation (NUE): Free Stock Analysis Report CBRE Group, Inc. (CBRE): Free Stock Analysis Report To read this article on Zacks.com click here. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/324433/5-stocks-with-impressive-interest-coverage-ratio-to-scoop-up 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.
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Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Steel Dynamics, Inc. (STLD): Free Stock Analysis Report Nucor Corporation (NUE): Free Stock Analysis Report CBRE Group, Inc. (CBRE): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - September 25, 2018 - Stocks in this week's article are Steel Dynamics, Inc.STLD , Deckers Outdoor Corp.DECK , Nucor Corp.NUE , CBRE Group, Inc. CBRE and Huntington Ingalls Industries, Inc.HII . 5 Stocks with Impressive Interest Coverage Ratio to Scoop Up You can simply arrive at a decision to Buy or Sell a particular stock by looking at its sales and earnings numbers.
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Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Steel Dynamics, Inc. (STLD): Free Stock Analysis Report Nucor Corporation (NUE): Free Stock Analysis Report CBRE Group, Inc. (CBRE): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - September 25, 2018 - Stocks in this week's article are Steel Dynamics, Inc.STLD , Deckers Outdoor Corp.DECK , Nucor Corp.NUE , CBRE Group, Inc. CBRE and Huntington Ingalls Industries, Inc.HII . That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
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9198695d-f055-4ae6-b558-7b1d0f41ae44
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