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724300.0
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2018-09-24 00:00:00 UTC
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Steven Madden (SHOO) Marches Ahead of Industry: Here's Why
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DECK
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https://www.nasdaq.com/articles/steven-madden-shoo-marches-ahead-of-industry%3A-heres-why-2018-09-24
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nan
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nan
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Steve Madden LtdSHOO , which recently announced three for two stock split, has outpaced the industry in the past six months. This Zacks Rank #3 (Hold) stock has gained 29.9% in the said time frame compared with the industry 's growth of 23.8%. Apart from psotive earnings and sales surprise streak, the stock gained on account strong performance in the wholesale and international businesses, and impressive product portfolio.
The strong performance in the second quarter of 2018 was mainly driven by stellar growth for its flagship Steve Madden brand. The brand not only witnessed robust growth in the wholesale channel in domestic and international markets, but also registered comps growth in the retail channel.
Catalysts
Steve Madden remains focused on expanding its business globally. Notably, the company's international business reported 24% improvement in the second quarter, with the flagship brand registering more than 30% growth. The company's directly-owned subsidiaries in Canada and Mexico, SM Europe JV, along with the distributor business posted strong results. Steven Madden expects international business to sustain its momentum in 2018 on strategic investments.
Steven Madden's wholesale business has been a key driver for its earnings in recent quarters. After increasing 5.8% in the first quarter, net sales for the wholesale business rose 5.2%, reflecting gains in both the wholesale footwear and wholesale accessories businesses. Wholesale footwear net sales jumped 5.9%, while wholesale accessories net sales increased 2.6%.
The private label handbags mainly aided sales of the wholesale accessories category. Further, the company is witnessing solid trends at the Steve Madden handbag and special make up businesses. Management expects the wholesale accessories business to maintain the momentum, courtesy of strength in Steve Madden and private label handbag businesses coupled with the addition of Anne Klein handbags.
Bottom Line
However, Steven Madden is witnessing a rise in cost of goods sold and operating expenses that may weigh on its margins. Operating margin has been contracting for quite some time now. Additionally, imposition of tariffs on additional consumer goods such as shoes, handbags and others imported from China, owing to US-China trade war, are likely to undermine business prospects of Steven Madden.
All said, while soft margins and higher expenses remain a concern, Steven Madden's sturdy performance in wholesale business provides visibility into the future. This is further supported by the company's long-term earnings growth rate of 10.7% and a VGM Score of A.
Stocks to Consider
Rocky Brands, Inc. RCKY delivered an average positive earnings surprise of 56.3% in the trailing four quarters. The company 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 has a long-term earnings growth rate of 12% and a Zacks Rank #2 (Buy).
Carter's, Inc. CRI has a long-term earnings growth rate of 9.3% and a Zacks Rank #2.
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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
Carter's, Inc. (CRI): Free Stock Analysis Report
Steven Madden, Ltd. (SHOO): 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 has a long-term earnings growth rate of 12% and a Zacks Rank #2 (Buy). Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): 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. Apart from psotive earnings and sales surprise streak, the stock gained on account strong performance in the wholesale and international businesses, and impressive product portfolio.
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Deckers Outdoor Corporation DECK has a long-term earnings growth rate of 12% and a Zacks Rank #2 (Buy). Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): 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. Wholesale footwear net sales jumped 5.9%, while wholesale accessories net sales increased 2.6%.
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Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): 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 has a long-term earnings growth rate of 12% and a Zacks Rank #2 (Buy). After increasing 5.8% in the first quarter, net sales for the wholesale business rose 5.2%, reflecting gains in both the wholesale footwear and wholesale accessories businesses.
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Deckers Outdoor Corporation DECK has a long-term earnings growth rate of 12% and a Zacks Rank #2 (Buy). Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): 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. Notably, the company's international business reported 24% improvement in the second quarter, with the flagship brand registering more than 30% growth.
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ad367afe-abb1-46dd-b757-36c3c70854ad
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724301.0
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2018-09-24 00:00:00 UTC
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5 Stocks With Impressive Interest Coverage Ratio to Scoop Up
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DECK
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https://www.nasdaq.com/articles/5-stocks-with-impressive-interest-coverage-ratio-to-scoop-up-2018-09-24
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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 23 stocks that qualified the screening:
Steel Dynamics, Inc.STLD , which is engaged in steel products manufacturing and metals recycling businesses, has a VGM Score of A and an expected EPS growth rate of 12% for 3-5 years. The stock carries a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of B. This Zacks Rank #2 company has an expected EPS growth rate of 12% for 3-5 years.
Nucor Corp.NUE , which manufactures and sells steel and steel products, has a VGM score of A and carries a Zacks Rank #2. Its expected EPS growth rate for 3-5 years is pegged at 12%.
CBRE Group, Inc.CBRE , a commercial real estate services and investment company, has a Zacks Rank #2 and VGM Score of A. The expected EPS growth rate for 3-5 years is currently 13%.
Huntington Ingalls Industries, Inc.HII , which is engaged in designing, building, overhauling, and repairing of ships, has a VGM Score of A and an expected EPS growth rate of 15% for 3-5 years. The stock currently carries a Zacks Rank #2.
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Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it 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
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.
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 B. 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. 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.
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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. Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of B. 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. Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of B. 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.
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Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel and accessories, has a VGM Score of B. 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. 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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15c47f76-fdc4-4013-9001-566cba62662a
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724302.0
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2018-09-20 00:00:00 UTC
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Deckers (DECK) Deserves a Place in Your Portfolio: Here's Why
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DECK
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https://www.nasdaq.com/articles/deckers-deck-deserves-a-place-in-your-portfolio%3A-heres-why-2018-09-20
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nan
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nan
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Deckers Outdoor CorporationDECK is targeting profitable and underpenetrated markets. The company is focused on product innovation, expanding brand assortments, enhancing omni-channel and e-commerce capabilities that bode well for the stock. These endeavors have led this Zacks Rank #2 (Buy) company to gain 78.6% in a year's time compared with the industry 's 52.7% growth.
Deckers has been constantly developing its e-commerce portal to capture incremental sales. The company has made substantial investments to strengthen its online presence and improve shopping experience for its customers. The company is focused 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.
Further, the company is on track with its strategic endeavours to drive long-term growth. Its store-fleet optimization plan focuses on striking the right balance between digital and physical stores. Additionally, management expects cost savings of about $150 million backed by improvement in cost of goods sold and SG&A savings that include consolidation of retail outlets and process improvement efficiencies. This should help Deckers realize operating profit improvement of $100 million by fiscal 2020. Also, the company's target of $2 billion sales with operating margin of 13% by fiscal 2020 highlight its long-term prospects.
Encouraging View
Deckers reported solid first-quarter fiscal 2019 results, and raised its earnings and net sales guidance for the year. Moreover, its top and bottom lines outperformed the Zacks Consensus Estimate for six straight quarters. Also, both the metrics improved on a year-over-year basis.
For 2019, management 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 from $5.74 reported in fiscal 2018. The company earlier envisioned adjusted earnings to be $6.20-$6.40 per share. Gross margin and operating margin for the fiscal year is anticipated to be better than the previous year.
Bottom Line
Certainly, Deckers' sound fundamentals and upbeat guidance is likely to add momentum to the stock.
Check These Promising Picks
Rocky Brands, Inc. RCKY delivered an average positive earnings surprise of 56.3% in the trailing four quarters. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Wolverine World Wide, Inc. WWW has a long-term earnings growth rate of 10% and a Zacks Rank #2.
Carter's, Inc. CRI has a long-term earnings growth rate of 9.3% 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
Carter's, Inc. (CRI): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): 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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Encouraging View Deckers reported solid first-quarter fiscal 2019 results, and raised its earnings and net sales guidance for the year. Deckers Outdoor CorporationDECK is targeting profitable and underpenetrated markets. Deckers has been constantly developing its e-commerce portal to capture incremental sales.
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Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): 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 CorporationDECK is targeting profitable and underpenetrated markets. Deckers has been constantly developing its e-commerce portal to capture incremental sales.
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Encouraging View Deckers reported solid first-quarter fiscal 2019 results, and raised its earnings and net sales guidance for the year. Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): 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 CorporationDECK is targeting profitable and underpenetrated markets.
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This should help Deckers realize operating profit improvement of $100 million by fiscal 2020. Encouraging View Deckers reported solid first-quarter fiscal 2019 results, and raised its earnings and net sales guidance for the year. Deckers Outdoor CorporationDECK is targeting profitable and underpenetrated markets.
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14be133b-0acd-4f3b-8057-27c08606858c
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724303.0
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2018-09-19 00:00:00 UTC
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Whirlpool Dips to a 52-Week Low, Input Costs a Major Concern
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DECK
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https://www.nasdaq.com/articles/whirlpool-dips-to-a-52-week-low-input-costs-a-major-concern-2018-09-19
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nan
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nan
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Shares of Whirlpool CorporationWHR touched a 52-week low of $121.12, before closing the session a tad higher at $122.10 on Sep 18. This Zacks Rank #5 (Strong Sell) stock has been losing sheen following its lower-than-expected second-quarter 2018 results, which also compelled management to trim earnings view. Quite apparent, the company has been grappling with increased raw material prices, lower sales volumes and adverse foreign currency translation. Also, U.S. tariffs on steel and aluminum have resulted in higher costs for the company's raw materials.
These headwinds were more than enough to mar investors' sentiments. In the past three months, shares of this Benton Harbor, MI-based company have lost 16.3% compared with its industry 's 17.6% decline. However, the S&P 500 index grew 4.6% in the same time frame.
That said, let's take a closer look at the factors impacting the company's performance.
Rising Input Cost a Major Barrier
Whirlpool's operating results continued to be hurt by significant raw material cost inflation. Management believes that volatility in commodity prices adversely impacts the company's operating performance. Additionally, imposition of tariffs on steel and aluminum due to trade war is hurting Whirlpool. In the last reported quarter, the company's revenues from Latin America & EMEA decreased 13.6% and 8.3% year over year to $852 million and $1.1 billion, respectively. Also, the company witnessed significantly higher raw material costs in three of its four regional markets, including North America, Asia and EMEA.
Though operating margin expanded year over year, it was somewhat marred by raw material inflation, unit-volume declines and unfavorable currency. While management expects to gain from a favorable product price/mix through the rest of the year, it might be partly offset by lower global-revenue growth and increased raw material inflation.
Dismal Q2 Results Triggered Downtrend in Estimates
Whirlpool's sales and earnings not only missed the Zacks Consensus Estimate but also declined on year-over-year basis. Dismal quarterly results and expectations of increased raw material costs in the future led management to cut its GAAP and adjusted earnings per share guidance for 2018. It now envisions adjusted earnings per share to be in the range of $14.20-$14.80 compared with the prior guidance of $14.50-$15.50. Management now anticipates GAAP earnings per share of $14.20-$14.80 compared with $12.30-$13.30 expected earlier.
The Zacks Consensus Estimate has been witnessing a downtrend, following dismal second-quarter results and trimmed outlook for 2018. Over the last 60 days, the company's Zacks Consensus Estimate of $15.24 and $17.95 for 2018 and 2019 moved south by $1.04 and $1.25, respectively.
Wrapping Up
Although Whirlpool's strong product pipeline, innovation and other efforts to improve margins remain on track, rising raw material costs have been spoil sport. Inflating cost of steel, which is a primary component for making washing machines, refrigerators and dryers among others, remains a potent concern. Moreover, higher freight cost may also act as a headwind.
Stay Away from Whirlpool for a While, 3 Stocks to Buy
G-III Apparel Group, Ltd. GIII has a long-term earnings growth rate of 15% 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 delivered an average positive earnings surprise of 71.9% in the trailing four quarters. It has long-term earnings per share growth rate of 12% and a Zacks Rank #2 (Buy).
Columbia Sportswear Company COLM pulled off an average positive earnings surprise of 79.3% in the trailing four quarters. It has a long-term earnings growth rate of 10.8% and a Zacks Rank of 2.
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
Whirlpool Corporation (WHR): 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 delivered an average positive earnings surprise of 71.9% in the trailing four quarters. Click to get this free report Whirlpool Corporation (WHR): 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. While management expects to gain from a favorable product price/mix through the rest of the year, it might be partly offset by lower global-revenue growth and increased raw material inflation.
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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 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 delivered an average positive earnings surprise of 71.9% in the trailing four quarters. Also, the company witnessed significantly higher raw material costs in three of its four regional markets, including North America, Asia and EMEA.
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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 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 delivered an average positive earnings surprise of 71.9% in the trailing four quarters. Dismal quarterly results and expectations of increased raw material costs in the future led management to cut its GAAP and adjusted earnings per share guidance for 2018.
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Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 71.9% in the trailing four quarters. Click to get this free report Whirlpool Corporation (WHR): 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. Also, U.S. tariffs on steel and aluminum have resulted in higher costs for the company's raw materials.
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8a4bdf28-819d-4795-aefa-cba8f3e88d56
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724304.0
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2018-09-10 00:00:00 UTC
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Zacks.com featured highlights include: BJ's, Huntington Ingalls, WellCare, CBRE and Deckers
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DECK
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include%3A-bjs-huntington-ingalls-wellcare-cbre-and-deckers
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nan
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For Immediate Release
Chicago, IL - September 10, 2018 - Stocks in this week's article are BJ's Restaurants, Inc.BJRI , Huntington Ingalls Industries, Inc.HII , WellCare Health Plans, Inc.WCG , CBRE Group, Inc.CBRE and Deckers Outdoor Corp.DECK .
Add These 5 Stocks with Impressive Interest Coverage Ratio
We often judge a company on the basis of its sales and earnings numbers. These, however, may not be enough. Sometimes, a stock gets a boost if these numbers climb year over year or surpass estimates in a particular quarter. This will definitely be a great opportunity for an investor with a shorter horizon to cash in on. But if you seek long-term returns, investments backed only by sales and earnings numbers may not yield the desired results.
A critical analysis of a company's financial background is a prerequisite for an informed investment decision. Here, coverage ratios that determine whether a company is sound enough to meet its financial obligations play a crucial role. The higher the ratio, the better it is. The focus of this article is on "Interest Coverage," which is one such 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 charges 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 its creditworthiness depends on how effectively it meets 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 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 hardships. 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/321952/add-these-5-stocks-with-impressive-interest-coverage-ratio
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
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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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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
WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report
BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
CBRE Group, Inc. (CBRE): 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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For Immediate Release Chicago, IL - September 10, 2018 - Stocks in this week's article are BJ's Restaurants, Inc.BJRI , Huntington Ingalls Industries, Inc.HII , WellCare Health Plans, Inc.WCG , CBRE Group, Inc.CBRE and Deckers Outdoor Corp.DECK . Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report CBRE Group, Inc. (CBRE): Free Stock Analysis Report To read this article on Zacks.com click here. Add These 5 Stocks with Impressive Interest Coverage Ratio We often judge a company on the basis of its sales and earnings numbers.
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For Immediate Release Chicago, IL - September 10, 2018 - Stocks in this week's article are BJ's Restaurants, Inc.BJRI , Huntington Ingalls Industries, Inc.HII , WellCare Health Plans, Inc.WCG , CBRE Group, Inc.CBRE and Deckers Outdoor Corp.DECK . Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): 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/321952/add-these-5-stocks-with-impressive-interest-coverage-ratio Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): 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 10, 2018 - Stocks in this week's article are BJ's Restaurants, Inc.BJRI , Huntington Ingalls Industries, Inc.HII , WellCare Health Plans, Inc.WCG , CBRE Group, Inc.CBRE and Deckers Outdoor Corp.DECK . Interest Coverage Ratio = Earnings before Interest & Taxes (EBIT) divided by Interest Expense .
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Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): 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 10, 2018 - Stocks in this week's article are BJ's Restaurants, Inc.BJRI , Huntington Ingalls Industries, Inc.HII , WellCare Health Plans, Inc.WCG , CBRE Group, Inc.CBRE and Deckers Outdoor Corp.DECK . 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.
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9f6390f9-46d2-4c45-82f6-1a143c15b18c
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724305.0
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2018-09-05 00:00:00 UTC
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Dollar General Hits 52-Week High: Is There More Room to Run?
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DECK
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https://www.nasdaq.com/articles/dollar-general-hits-52-week-high%3A-is-there-more-room-to-run-2018-09-05
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nan
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Dollar General CorporationDG remains poised on better pricing, private-label offering, effective inventory management, and merchandise and operational initiatives that are expected to drive sales and margins. These along with a compelling store-growth story at convenient locations and focus on consumable products lend the company a competitive edge.
Impressively, Dollar General also jumped 11.3% in a month, outperforming the industry 's growth of 7.3%. Markedly, this Zacks Rank #3 (Hold) stock hit a new 52-week high of $110.15 on Sep 4, though it closed a tad lower at $109.82.
Growth Catalysts
Dollar General is making efforts to drive traffic by focusing on both consumables and discretionary categories. The roll out of tobacco is in sync with the company's afore-mentioned plans. In addition, the company is expanding its cooler facilities to enhance the sale of perishable items and is rolling out DG digital coupon program and DG Go app. Sales at the consumables division continued to improve, driving comps and market share gains in second-quarter fiscal 2018. Also, both top and bottom lines improved year over year during the quarter.
Further, the company witnessed solid comparable-store sales growth. The sturdy trend was retained in the first and second quarter of fiscal 2018, wherein comps grew 2.1% and 3.7%, respectively, owing to rise in average transaction amount and customer traffic. Consumables, Seasonal and Apparel categories augmented the comparable-store sales. Management now expects comparable-store sales increase in mid-to-high two percent range during fiscal 2018. The company had earlier guided comparable-store sales increase in mid-two percent range.
Dollar General has been quite rationale when it comes to new store openings. The company anticipates to open 900 stores, remodel 1,000 stores and relocate approximately 100 stores in fiscal 2018.
Bottom Line
Though these upsides raise optimism for the stock, the company's gross margin looks somewhat pressurized as the metric contracted 7 basis points (bps) to 30.7% during the second quarter of fiscal 2018 owing to sales of products carrying lower margin, increased markdowns and higher transportation costs. Apart from this, the company is facing higher freight and fuel costs.
However, we expect the company's robust strategies to offset these hurdles and help it continue with its growth trajectory.
Apart from Dollar General, companies like Burlington Stores, Inc. BURL , Deckers Outdoor Corporation DECK and The TJX Companies, Inc. TJX also scaled 52-week highs on Sep 4.
Shares of Deckers hit a 52-week high of $124.68, closing marginally lower at $120.93. The stock carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Shares of Burlington Stores hit a 52-week high of $173.96, though it closed a tad lower at $173.86. The stock carries a Zacks Rank #2.
Shares of TJX Companies hit a 52-week high of $111.80, though it closed a tad lower at $111.44. The stock carries 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
The TJX Companies, Inc. (TJX): Free Stock Analysis Report
Dollar General Corporation (DG): Free Stock Analysis Report
Burlington Stores, Inc. (BURL): 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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Apart from Dollar General, companies like Burlington Stores, Inc. BURL , Deckers Outdoor Corporation DECK and The TJX Companies, Inc. TJX also scaled 52-week highs on Sep 4. Shares of Deckers hit a 52-week high of $124.68, closing marginally lower at $120.93. Click to get this free report The TJX Companies, Inc. (TJX): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Burlington Stores, Inc. (BURL): 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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Apart from Dollar General, companies like Burlington Stores, Inc. BURL , Deckers Outdoor Corporation DECK and The TJX Companies, Inc. TJX also scaled 52-week highs on Sep 4. Click to get this free report The TJX Companies, Inc. (TJX): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers hit a 52-week high of $124.68, closing marginally lower at $120.93.
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Apart from Dollar General, companies like Burlington Stores, Inc. BURL , Deckers Outdoor Corporation DECK and The TJX Companies, Inc. TJX also scaled 52-week highs on Sep 4. Click to get this free report The TJX Companies, Inc. (TJX): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers hit a 52-week high of $124.68, closing marginally lower at $120.93.
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Apart from Dollar General, companies like Burlington Stores, Inc. BURL , Deckers Outdoor Corporation DECK and The TJX Companies, Inc. TJX also scaled 52-week highs on Sep 4. Shares of Deckers hit a 52-week high of $124.68, closing marginally lower at $120.93. Click to get this free report The TJX Companies, Inc. (TJX): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Burlington Stores, Inc. (BURL): 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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7de093e8-79a5-4e92-8612-103101226995
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724306.0
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2018-09-05 00:00:00 UTC
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World Wrestling (WWE) Packs a Punch, Hits a 52-Week High
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DECK
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https://www.nasdaq.com/articles/world-wrestling-wwe-packs-a-punch-hits-a-52-week-high-2018-09-05
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nan
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nan
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World Wrestling Entertainment, Inc.WWE banks on increasing original content, subscriber growth and higher TV rights fees. These factors have helped the stock rally around 42%, outperforming its industry 's and the S&P 500 index's respective growth of 10.5% and 4.7% in the past three months.
Moreover, shares of this Stamford, CT-based company have touched a 52-week high of $88.95, before closing the session a tad lower at $88.75 on Sep 4.
Not to forget, the company's stellar second-quarter 2018 performance and upbeat view perked up investors. Although earnings fell shy of the consensus mark, net revenues steered past the same. Notably, both the metrics showed significant improvement on a year-over-year basis. Management now envisions full-year adjusted OIBDA in the band of $160-$170 million.
Moreover, an impressive estimate revision trend for the current and next fiscal buoys optimism. Over the past 30 days, the Zacks Consensus Estimate for 2018 and 2019 has moved up by 4 cents to 87 cents and $1.31, respectively.
WWE has been implementing strategies, ranging from the development of fresh content, execution of customer acquisition and retention programs, increase in distribution platform, introduction of features to foraying into new regions in order to boost revenues. Additionally, the company is expanding the monetization of WWE content worldwide.
Expanding its television reach, 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 also believes that it will continue to add more WWE Network subscribers.
The number of average paid subscribers increased 10% year over year in the second quarter to 1.80 million. Management now envisions average paid subscribers at 1.67 million for the third quarter, reflecting an increase of 10% from the prior-year period.
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. Core content rights fees jumped 10.1% in the quarter under review.
However, we believe that any drop in ticket sales, fall in the count of live events, rising costs at WWE Network and stiff competition from other entertainment platforms may hurt profitability.
Nevertheless, we expect the company's upsides to offset minor hurdles and continue to fuel momentum. Currently, WWE carries a Zacks Rank #3 (Hold) and has a Growth Score of A.
3 More Hot Stocks Worth a Look
Michael Kors Holdings Ltd. KORS pulled off an average positive earnings surprise of 35.7% 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 .
Wolverine World Wide, Inc. WWW dished out an average positive earnings surprise of 17.8% in the last four quarters. It has a long-term earnings growth rate of 10% and a Zacks Rank #2 (Buy).
Deckers Outdoor Corp. DECK delivered an average positive earnings surprise of 71.9% in the trailing four quarters. The company carries 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
World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Michael Kors Holdings Limited (KORS): 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 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 Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. World Wrestling Entertainment, Inc.WWE banks on increasing original content, subscriber growth and higher TV rights fees.
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Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK delivered an average positive earnings surprise of 71.9% in the trailing four quarters. 3 More Hot Stocks Worth a Look Michael Kors Holdings Ltd. KORS pulled off an average positive earnings surprise of 35.7% in the trailing four quarters and sports a Zacks Rank #1 (Strong Buy).
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Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK delivered an average positive earnings surprise of 71.9% in the trailing four quarters. 3 More Hot Stocks Worth a Look Michael Kors Holdings Ltd. KORS pulled off an average positive earnings surprise of 35.7% in the trailing four quarters and sports a Zacks Rank #1 (Strong Buy).
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Deckers Outdoor Corp. 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 Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. The company also believes that it will continue to add more WWE Network subscribers.
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bf5fc9f2-b0c7-4a41-a0db-178e9de98c4c
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724307.0
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2018-09-04 00:00:00 UTC
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H&R Block to Gain From Tax Industry Growth, Expects Cost Hike
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DECK
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https://www.nasdaq.com/articles/hr-block-to-gain-from-tax-industry-growth-expects-cost-hike-2018-09-04
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nan
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H&R Block, Inc.HRB is expected to benefit from growth in the tax industry, increased investments and strong cash generation capacity.
Recently, the company delivered first-quarter fiscal 2019 results, wherein loss per share from continuing operations amounted to 72 cents, narrower than the Zacks Consensus Estimate of a loss of 79 cents. The figure widened 10 cents on a year-over-year basis. Revenues came in at $145 million, which beat the consensus mark by $9 million and improved 5.1% year over year.
The company's surprise history looks impressive. It beat estimates in each of the trailing four quarters, with an average beat of 6.9%. For the fiscal second quarter, the consensus estimate remained unchanged at a loss of 94 cents in the past 30 days.
In a year's time, shares of the company have gained 2.6% compared with the industry 's rise of 12.8%.
Tax Industry Offers Growth Opportunities
H&R Block is well poised to gain from opportunities offered by the tax industry which is growing steadily in assisted and DIY channels. In the assisted business, the company is focused on investment in price, development and delivering on clear brand promise and enhancement of the quality of service. In its DIY business, H&R Block continues to aim at competitive pricing and investment in product innovation along with user experience improvement.
Increased Investments to Achieve Overall Objectives of Revenue and Earnings Growth
H&R Block is investing heavily in price, technology and operational excellence to achieve overall objectives of revenue and earnings growth on a long-term basis. With price, it is focusing on reduction to maintain its competitive footing. On the technology front, H&R Block is building a new tax engine to combine multiple systems, invest in cross-channel capabilities to streamline client experience across platforms, transfer physical data centers to the cloud and optimize data architecture as well as analytics platform. With regard to operational excellence, the company is trying to improve execution of standard operating procedures for better quality and consistent service delivery.
H&R Block, Inc. Revenue (TTM)
H&R Block, Inc. Revenue (TTM) | H&R Block, Inc. Quote
Strong Cash Position
The company has a healthy balance sheet with robust cash generation ability. The company exited the first quarter with cash and cash equivalents of $979.1 million. Such strong cash position enables the company to seek for opportunities that indicate true potential and positions it for sustainable client, revenues and earnings growth.
Risks
With increased investment in technology and operations, H&R Block is likely to witness escalation in costs. This is expected to weigh on results through 2019.
The company's business is significantly affected by seasonality. It generates a major portion of revenues and earns profit in the fourth quarter of the fiscal year, as most of its clients file their tax returns from January through April. Revenues stay significantly down and the company incurs loss in first three quarters of the fiscal year.
Zacks Rank & Key Picks
Currently, H&R Block carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the broader Consumer Discretionary Sector include American Woodmark Corporation AMWD , Deckers Outdoor Corporation DECK and Callaway Golf Company ELY . While American Woodmark and Deckers Outdoor carry a Zacks Rank #2 (Buy), Callaway Golf sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
The long-term expected EPS (three to five years) growth rate for American Woodmark, Deckers Outdoor and Callaway Golf is 9%, 12% and 25%, respectively.
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
American Woodmark Corporation (AMWD): Free Stock Analysis Report
Callaway Golf Company (ELY): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
H&R Block, Inc. (HRB): 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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A few better-ranked stocks in the broader Consumer Discretionary Sector include American Woodmark Corporation AMWD , Deckers Outdoor Corporation DECK and Callaway Golf Company ELY . While American Woodmark and Deckers Outdoor carry a Zacks Rank #2 (Buy), Callaway Golf sports a Zacks Rank #1 (Strong Buy). The long-term expected EPS (three to five years) growth rate for American Woodmark, Deckers Outdoor and Callaway Golf is 9%, 12% and 25%, respectively.
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A few better-ranked stocks in the broader Consumer Discretionary Sector include American Woodmark Corporation AMWD , Deckers Outdoor Corporation DECK and Callaway Golf Company ELY . Click to get this free report American Woodmark Corporation (AMWD): Free Stock Analysis Report Callaway Golf Company (ELY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report H&R Block, Inc. (HRB): Free Stock Analysis Report To read this article on Zacks.com click here. While American Woodmark and Deckers Outdoor carry a Zacks Rank #2 (Buy), Callaway Golf sports a Zacks Rank #1 (Strong Buy).
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Click to get this free report American Woodmark Corporation (AMWD): Free Stock Analysis Report Callaway Golf Company (ELY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report H&R Block, Inc. (HRB): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the broader Consumer Discretionary Sector include American Woodmark Corporation AMWD , Deckers Outdoor Corporation DECK and Callaway Golf Company ELY . While American Woodmark and Deckers Outdoor carry a Zacks Rank #2 (Buy), Callaway Golf sports a Zacks Rank #1 (Strong Buy).
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A few better-ranked stocks in the broader Consumer Discretionary Sector include American Woodmark Corporation AMWD , Deckers Outdoor Corporation DECK and Callaway Golf Company ELY . While American Woodmark and Deckers Outdoor carry a Zacks Rank #2 (Buy), Callaway Golf sports a Zacks Rank #1 (Strong Buy). The long-term expected EPS (three to five years) growth rate for American Woodmark, Deckers Outdoor and Callaway Golf is 9%, 12% and 25%, respectively.
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559d08b5-7f63-41dd-b1d2-58614e9ee392
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724308.0
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2018-08-28 00:00:00 UTC
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Steven Madden Up 29% in Six Months: Will it Scale Higher?
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DECK
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https://www.nasdaq.com/articles/steven-madden-up-29-in-six-months%3A-will-it-scale-higher-2018-08-28
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nan
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nan
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Steven Madden, Ltd.SHOO is gaining from its robust surprise history as well as strong performance in the wholesale and international businesses. Additionally, the company's focus on enhancing its product portfolio is impressive.
This led to an upsurge in the stock price, which also hovers close to its 52-week high. In the last six months, this NY-based company advanced roughly 29%, outperforming the industry 's 19.6% growth. Additionally, this Zacks Rank #3 (Hold) has gained 5.7% since Jul 31, when it reported robust second-quarter 2018 results.
Notably, the company's top and bottom line beat estimates in the second quarter and also improved year over year. This marked the company's third straight earnings and sales beat. The strong performance in the quarter was mainly driven by stellar growth for its flagship Steve Madden brand. The brand not only witnessed robust growth in the wholesale channel in both domestic and international markets but also registered comps growth in the retail channel.
Further, the company reiterated its full-year sales and earnings projection for 2018. Management continues to project net sales growth of 5-7% for the year. Adjusted EPS is expected to be in the range of $2.60-$2.67, indicating a rise from $2.24 in 2017.
Factors Supporting Steven Madden's Growth
Steven Madden's wholesale business has been a key driver for its earnings in recent quarters. After increasing 5.8% in the first quarter, net sales for the wholesale business rose 5.2%, reflecting gains in both the wholesale footwear and wholesale accessories businesses. Within the wholesale division, the footwear and accessories categories delivered robust sales. The private label handbags mainly aided sales of the wholesale accessories category. Further, the company is witnessing solid trends at the Steve Madden handbag and special make up businesses. Management expects the wholesale accessories business to maintain the momentum, courtesy of strength in Steve Madden and private label handbag businesses coupled with the addition of Anne Klein handbags.
International expansion is another component of its growth strategy. Notably, the company's international business reported 24% improvement in the second quarter, with the flagship brand registering more than 30% growth. Additionally, the company's directly-owned subsidiaries in Canada and Mexico, SM Europe JV as well as the distributor business are performing well. Steven Madden expects international business to sustain momentum in 2018 on strategic investments.
Possible Deterrents
Though the company is reporting strong top- and bottom-line results, it continues to witness margin pressures due to higher cost of sales and operating expenses. Notably, the company has reported operating margin declines in the last four quarters. Further, higher cost of sales dented gross margin in the second quarter.
Moreover, the US-China trade tensions may take a toll on the stock if tariffs are levied on additional consumer goods such as shoes, handbags and others imported from China. Management highlighted that retail prices may increase by 3.5% to offset additional 10% duty.
Bottom Line
While soft margins and higher expenses remain a concern, Steven Madden's sturdy performance in wholesale business provides visibility into the future. This is further supported by the company's long-term earnings growth rate of 10.7% and a VGM Score of A.
Let Your Portfolio Experience Growth: Three Stocks to Buy
Rocky Brands, Inc. RCKY delivered an average positive earnings surprise of 56.3% 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 came up with an average positive earnings surprise of 71.9% in the trailing four quarters. It has a long-term earnings growth rate of 12% and a Zacks Rank #2 (Buy).
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 of 2.
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
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
Steven Madden, Ltd. (SHOO): 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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Deckers Outdoor Corporation DECK came up with an average positive earnings surprise of 71.9% in the trailing four quarters. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Possible Deterrents Though the company is reporting strong top- and bottom-line results, it continues to witness margin pressures due to higher cost of sales and operating expenses.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK came up with an average positive earnings surprise of 71.9% in the trailing four quarters. Factors Supporting Steven Madden's Growth Steven Madden's wholesale business has been a key driver for its earnings in recent quarters.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK came up with an average positive earnings surprise of 71.9% in the trailing four quarters. After increasing 5.8% in the first quarter, net sales for the wholesale business rose 5.2%, reflecting gains in both the wholesale footwear and wholesale accessories businesses.
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Deckers Outdoor Corporation DECK came up with an average positive earnings surprise of 71.9% in the trailing four quarters. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Steven Madden, Ltd.SHOO is gaining from its robust surprise history as well as strong performance in the wholesale and international businesses.
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ae0fad28-47ff-496b-a878-746ee928b115
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724309.0
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2018-08-26 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Benjamin Graham - 8/26/2018
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-benjamin-graham-8262018-2018-08-26
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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 539.24% vs. 187.35% 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 539.24% vs. 187.35% 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 539.24% vs. 187.35% for the S&P 500.
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d2646d99-b31e-4a4c-987a-8b30e886ce79
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724310.0
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2018-08-24 00:00:00 UTC
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Deckers (DECK) Hits Fresh High: Is There Still Room to Run?
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DECK
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https://www.nasdaq.com/articles/deckers-deck-hits-fresh-high%3A-is-there-still-room-to-run-2018-08-24
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nan
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nan
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Have you been paying attention to shares of Deckers (DECK)? Shares have been on the move with the stock up 1.9% over the past month. DECK hit a new 52-week high of $123.33 in the previous session. Deckers has gained 51.4% since the start of the year compared to the 4.5% move for the Zacks Consumer Discretionary sector and the 27.1% return for the Zacks Shoes and Retail Apparel industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on July 26, 2018, Deckers Outdoor reported EPS of $-0.98 versus consensus estimate of $-1.42 while it beat the consensus revenue estimate by 9.47%.
For the current fiscal year, Deckers Outdoor is expected to post earnings of $6.44 per share on $1.95 billion in revenues. This represents a 12.2% change in EPS on a 2.29% change in revenues. For the next fiscal year, the company is expected to earn $7.27 per share on $2.03 billion in revenues. This represents a year-over-year change of 12.95% and 4.26%, respectively.
Valuation Metrics
Deckers Outdoor may be at a 52-week high right now, but what might the future hold for DECK? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Deckers Outdoor has a Value Score of C. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 18.9X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 16.6X versus its peer group's average of 16X. Additionally, the stock has a PEG ratio of 1.57. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Deckers Outdoor currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Deckers Outdoor passes the test. Thus, it seems as though DECK shares could have potential in the weeks and months to come.
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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For the current fiscal year, Deckers Outdoor is expected to post earnings of $6.44 per share on $1.95 billion in revenues. Have you been paying attention to shares of Deckers (DECK)? DECK hit a new 52-week high of $123.33 in the previous session.
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In its last earnings report on July 26, 2018, Deckers Outdoor reported EPS of $-0.98 versus consensus estimate of $-1.42 while it beat the consensus revenue estimate by 9.47%. For the current fiscal year, Deckers Outdoor is expected to post earnings of $6.44 per share on $1.95 billion in revenues. Have you been paying attention to shares of Deckers (DECK)?
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Deckers Outdoor has a Value Score of C. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of B. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Deckers Outdoor passes the test. Have you been paying attention to shares of Deckers (DECK)?
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Have you been paying attention to shares of Deckers (DECK)? In its last earnings report on July 26, 2018, Deckers Outdoor reported EPS of $-0.98 versus consensus estimate of $-1.42 while it beat the consensus revenue estimate by 9.47%. DECK hit a new 52-week high of $123.33 in the previous session.
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fcc25b4a-6352-4d86-a330-226a17b46808
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724311.0
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2018-08-22 00:00:00 UTC
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5 Stocks With Impressive Interest Coverage Ratio to Scoop Up
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DECK
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https://www.nasdaq.com/articles/5-stocks-impressive-interest-coverage-ratio-scoop-2018-08-22-0
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
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.
Source: Got Credit Via Flickr
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.
3 Tech Stocks for Dividend Investors to Buy Now
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 23 stocks that qualified the screening:
Huntington Ingalls (NYSE: HII ), which is engaged in designing, building, overhauling, and repairing of ships, has a VGM Score of A and an expected EPS growth rate of 15% for 3-5 years. The stock currently carries a Zacks Rank #2.
WellCare Health Plans (NYSE: WCG ), which provides managed care services for government-sponsored health care programs, has a VGM Score of A. This Zacks Rank #2 company has an expected EPS growth rate of 14.8% for 3-5 years.
CBRE Group (NYSE: CBRE ), a commercial real estate services and investment company, has a Zacks Rank #2 and a VGM Score of B. The expected EPS growth rate for 3-5 years is pegged at 13%.
Big Lots (NYSE: BIG ), a non-traditional, discount retailer, has a Zacks Rank #2 and a VGM Score of A. The expected EPS growth rate for 3-5 years is currently pegged at 12%.
Deckers Outdoor Corp (NYSE: DECK ), which designs, markets, and distributes footwear, apparel, and accessories, has a VGM Score of B. This Zacks Rank #2 company has an expected EPS growth rate of 11.3% for 3-5 years.
Forget FANG Stocks, Bet on WANG ETFs
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.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
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The post 5 Stocks With Impressive Interest Coverage Ratio to Scoop Up 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 Corp (NYSE: DECK ), which designs, markets, and distributes footwear, apparel, and accessories, has a VGM Score of B. 3 Tech Stocks for Dividend Investors to Buy Now Debt, which is crucial to financing operations for the majority of companies, comes at a cost called interest. 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.
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Deckers Outdoor Corp (NYSE: DECK ), which designs, markets, and distributes footwear, apparel, and accessories, has a VGM Score of B. 5-Year Historical EPS Growth (%) greater than X-Industry Median: Stocks that have a strong EPS growth history. 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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Deckers Outdoor Corp (NYSE: DECK ), which designs, markets, and distributes footwear, apparel, and accessories, has a VGM Score of B. InvestorPlace - Stock Market News, Stock Advice & Trading Tips 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. 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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Deckers Outdoor Corp (NYSE: DECK ), which designs, markets, and distributes footwear, apparel, and accessories, has a VGM Score of B. Interest Coverage Ratio is used to determine how effectively a company can pay the interest charges on its debt. An interest coverage ratio lower than one suggests that the company is unable to fulfill its interest obligations and could default on repaying debt.
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f73bf8cd-1422-4f26-af57-135baceec4b0
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724312.0
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2018-08-22 00:00:00 UTC
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5 Stocks With Impressive Interest Coverage Ratio to Scoop Up
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DECK
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https://www.nasdaq.com/articles/5-stocks-with-impressive-interest-coverage-ratio-to-scoop-up-2018-08-22
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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 23 stocks that qualified the screening:
Huntington Ingalls Industries, Inc.HII , which is engaged in designing, building, overhauling, and repairing of ships, has a VGM Score of A and an expected EPS growth rate of 15% for 3-5 years. The stock currently carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
WellCare Health Plans, Inc.WCG , which provides managed care services for government-sponsored health care programs, has a VGM Score of A. This Zacks Rank #2 company has an expected EPS growth rate of 14.8% for 3-5 years.
CBRE Group, Inc.CBRE , a commercial real estate services and investment company, has a Zacks Rank #2 and a VGM Score of B. The expected EPS growth rate for 3-5 years is pegged at 13%.
Big Lots, Inc.BIG , a non-traditional, discount retailer, has a Zacks Rank #2 and a VGM Score of A. The expected EPS growth rate for 3-5 years is currently pegged at 12%.
Deckers Outdoor CorporationDECK , which designs, markets, and distributes footwear, apparel, and accessories, has a VGM Score of B. This Zacks Rank #2 company has an expected EPS growth rate of 11.3% for 3-5 years.
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.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it 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
Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report
WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report
Big Lots, Inc. (BIG): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
CBRE Group, Inc. (CBRE): 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 B. Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report Big Lots, Inc. (BIG): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report CBRE Group, Inc. (CBRE): Free Stock Analysis Report To read this article on Zacks.com click here. 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.
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Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report Big Lots, Inc. (BIG): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report CBRE Group, Inc. (CBRE): 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 B. 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 WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report Big Lots, Inc. (BIG): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report CBRE Group, Inc. (CBRE): 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 B. 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 B. Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report Big Lots, Inc. (BIG): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report CBRE Group, Inc. (CBRE): 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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fd46008c-0aac-496c-87d2-879653241f2d
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724313.0
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2018-08-20 00:00:00 UTC
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Commit To Buy Deckers Outdoor Corp. At $97.50, Earn 8.3% Using Options
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DECK
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https://www.nasdaq.com/articles/commit-buy-deckers-outdoor-corp-9750-earn-83-using-options-2018-08-20
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nan
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nan
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Investors considering a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but cautious about paying the going market price of $118.34/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $97.50 strike, which has a bid at the time of this writing of $8.10. Collecting that bid as the premium represents a 8.3% return against the $97.50 commitment, or a 5.9% 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 $97.50 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 18.8% and the contract is exercised (resulting in a cost basis of $89.40 per share before broker commissions, subtracting the $8.10 from $97.50), the only upside to the put seller is from collecting that premium for the 5.9% 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 $97.50 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 2020 put at the $97.50 strike for the 5.9% 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 $118.34) to be 29%. For other put options contract ideas at the various different available expirations, visit the DECK Stock Options page of StockOptionsChannel.com.
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 considering a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but cautious about paying the going market price of $118.34/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 $97.50 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 2020 put at the $97.50 strike for the 5.9% 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 $118.34) to be 29%.
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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 $97.50 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 2020 put at the $97.50 strike for the 5.9% 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 $118.34) to be 29%.
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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. So unless Deckers Outdoor Corp. sees its shares fall 18.8% and the contract is exercised (resulting in a cost basis of $89.40 per share before broker commissions, subtracting the $8.10 from $97.50), the only upside to the put seller is from collecting that premium for the 5.9% 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 $97.50 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 2020 put at the $97.50 strike for the 5.9% annualized rate of return represents good reward for the risks.
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Investors considering a purchase of Deckers Outdoor Corp. (Symbol: DECK) stock, but cautious about paying the going market price of $118.34/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 $97.50 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 2020 put at the $97.50 strike for the 5.9% annualized rate of return represents good reward for the risks. For other put options contract ideas at the various different available expirations, visit the DECK Stock Options page of StockOptionsChannel.com.
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2df19eac-5241-4f5f-9c51-5e3a0fdf4e91
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724314.0
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2018-08-17 00:00:00 UTC
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Does Skechers' 6-Month Fall of 25% Signal More Trouble Ahead?
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DECK
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https://www.nasdaq.com/articles/does-skechers-6-month-fall-of-25-signal-more-trouble-ahead-2018-08-17
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nan
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nan
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Shares of Skechers U.S.A., Inc.SKX have declined roughly 25% in the past six months against the industry 's 13.6% growth. The stock came under pressure following the company's soft second-quarter 2018 results and muted third-quarter earnings view. This Zacks Rank #5 (Strong Sell) company also remained volatile and traded within the range of $24.11-$33.46 in the past 30 days.
We note that sluggish performance across domestic wholesale and international distributor businesses negatively impacted the results. Even, management's remark of revival in both units during the second half failed to lift investors' spirit. Investors also remain concerned about higher operating expenses that hurt the bottom line.
The Zacks Consensus Estimate has been witnessing a downtrend in the past 30 days, clearly indicating that analysts covering the stock are pessimistic on its future performance. The consensus mark for the third and fourth quarter declined 12 cents and 7 cents to 52 cents and 18 cents, respectively. For 2018, the estimate moved down to $1.73 from $2.06 in the aforementioned time frame.
A Brief Introspection
Skechers disappointed investors with its second-quarter 2018 performance, wherein bottom line fell short of the Zacks Consensus Estimate and also declined year over year. Further, the company's third-quarter earnings projection of 50-55 cents is down from 59 cents in the year-ago period.
This designer, developer, marketer and distributor of footwear recorded earnings of 29 cents a share that missed the Zacks Consensus Estimate of 40 cents and management's projection of 38-43 cents. We also note that in spite of registering top-line growth, the bottom line declined 23.7% from 38 cents reported in the year-ago period. The downside can be attributed to increased operating expenses, unfavorably foreign exchange impacts and a higher effective tax rate.
Selling expenses and general & administrative expenses have also been increasing for quite some time now. In the first and second quarter of 2018, selling expenses increased 14.4% and 14.1% each, while general & administrative expenses rose 25.8% and 21.5%, respectively. While operating income decreased 5.7% at $81.4 million from the prior-year quarter number, operating margin contracted 120 basis points to 7.2%. This can be attributed to increased international advertising and distribution-related costs.
Management Looking at Every Nook & Corner
Management is trying all means to put the company back on the growth trajectory. Greater emphasis on new line of products, cost containment, inventory management and global distribution also bode well. Solid performances at the international wholesale and company-owned global retail businesses led to top-line growth. The company's domestic e-commerce business also continues to gain traction.
We hope that these factors will help win back investors' confidence on the stock, which is trading close to its 52-week low.
Three More Hot Stocks Awaiting Your Look
Rocky Brands, Inc. RCKY delivered an average positive earnings surprise of 56.3% in the trailing four quarters. The company 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 an average positive earnings surprise of 71.9% in the trailing four quarters. The company has a long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy).
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 of 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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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
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 an average positive earnings surprise of 71.9% in the trailing four quarters. 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 Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate has been witnessing a downtrend in the past 30 days, clearly indicating that analysts covering the stock are pessimistic on its future performance.
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Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 71.9% in the trailing four quarters. 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 Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Three More Hot Stocks Awaiting Your Look Rocky Brands, Inc. RCKY delivered an average positive earnings surprise of 56.3% in the trailing four quarters.
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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 Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 71.9% in the trailing four quarters. The consensus mark for the third and fourth quarter declined 12 cents and 7 cents to 52 cents and 18 cents, respectively.
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Deckers Outdoor Corporation DECK delivered an average positive earnings surprise of 71.9% in the trailing four quarters. 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 Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. We also note that in spite of registering top-line growth, the bottom line declined 23.7% from 38 cents reported in the year-ago period.
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9df60e79-cc21-416b-bcf2-0acdd9ac8987
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724315.0
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2018-08-14 00:00:00 UTC
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Deckers' Strategies Aid Growth: Stock Up 25% in 6 Months
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DECK
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https://www.nasdaq.com/articles/deckers-strategies-aid-growth%3A-stock-up-25-in-6-months-2018-08-14
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nan
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nan
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Deckers Outdoor CorporationDECK has not only outpaced the industry but also surged in the past six months. The company has been targeting profitable and underpenetrated markets and remains focused on product innovations, expanding brand assortments, enhancing omni-channel and e-commerce capabilities that bode well for the stock. In the trailing four quarters, it has delivered an average positive earnings surprise of 71.9%. The company also has a long-term earnings growth rate of 11.3%, which reflects its inherent strength.
Shares of Deckers have gained 25.1% in the past six months, outperforming the industry's 14.9% growth. Further, the stock is hovering close to its 52-week high of $122.98. There is no reason why this Zacks Rank #2 (Buy) stock cannot breach that mark in the near term. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Let's Take a Closer Look
Deckers reported solid first-quarter fiscal 2019 results and raised its earnings and net sales guidance for the year. Moreover, its top and bottom line outperformed the Zacks Consensus Estimate for six straight quarters. Both the metrics also improved on a year-over-year basis.
For 2019, management anticipates net sales to be in the band of $1,930-$1,955 million, up from its prior projection of $1,925-$1,950 million. Further, adjusted earnings are projected to be in the range of $6.25-$6.45 per share, which portrays an improvement over $5.74 reported in fiscal 2018. The company had earlier envisioned adjusted earnings in the range of $6.20-$6.40 per share. Gross margin and operating margin for the fiscal year is anticipated to be better than the previous year.
Moreover, the company is on track with its strategic endeavors to drive long-term growth. Its store fleet optimization plan focuses on striking the right balance between digital and physical stores. Additionally, management expects cost savings of about $150 million backed by improvement in cost of goods sold and SG&A savings that includes consolidation of retail outlets and process improvement efficiencies. This should help Deckers realize $100 million operating profit improvement by fiscal 2020.
Further, the company's long-term target of $2 billion sales with operating margin of 13% by fiscal 2020 highlight its long-term prospects.
The company is also constantly enhancing its e-commerce capabilities and has made substantial investments to strengthen its online presence. To counter intense competition in the retail space, the company plans to open small omni-channel outlet while expanding programs such as Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect to enhance customers' shopping experience. In addition, Deckers is focusing on widening its product categories as per customer purchasing trends. This apart, the company is selling directly to wholesale customers in order to capture incremental sales and margins.
Certainly, Deckers' sound fundamentals and upbeat guidance should drive additional momentum in the stock.
Three More Hot Stocks Awaiting Your Look
Rocky Brands, Inc. RCKY delivered an average positive earnings surprise of 56.3% in the trailing four quarters. The company sports a Zacks Rank #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 of 2.
Foot Locker, Inc. FL has a long-term earnings growth rate of 6.6% and a Zacks Rank #2.
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Foot Locker, Inc. (FL): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): 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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Let's Take a Closer Look Deckers reported solid first-quarter fiscal 2019 results and raised its earnings and net sales guidance for the year. Deckers Outdoor CorporationDECK has not only outpaced the industry but also surged in the past six months. Shares of Deckers have gained 25.1% in the past six months, outperforming the industry's 14.9% growth.
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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 Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK has not only outpaced the industry but also surged in the past six months. Shares of Deckers have gained 25.1% in the past six months, outperforming the industry's 14.9% growth.
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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 Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK has not only outpaced the industry but also surged in the past six months. Shares of Deckers have gained 25.1% in the past six months, outperforming the industry's 14.9% growth.
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Shares of Deckers have gained 25.1% in the past six months, outperforming the industry's 14.9% growth. Let's Take a Closer Look Deckers reported solid first-quarter fiscal 2019 results and raised its earnings and net sales guidance for the year. This should help Deckers realize $100 million operating profit improvement by fiscal 2020.
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5fbb28a4-501a-4d7b-8510-13fcfd12bad4
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724316.0
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2018-08-09 00:00:00 UTC
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Wolverine World Wide (WWW) Beats on Q2 Earnings, Guides Up
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DECK
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https://www.nasdaq.com/articles/wolverine-world-wide-www-beats-on-q2-earnings-guides-up-2018-08-09
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nan
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nan
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Wolverine World WideWWW came up with second-quarter 2018 results, wherein earnings surpassed the Zacks Consensus Estimate, while sales lagged. The company's bottom line also improved year over year, buoyed by impressive operating and gross margins. However, top-line performance was unimpressive but growth in underlying revenues in the quarter marked its highest since second-quarter 2015. The underlying revenue growth indicates progress in its GLOBAL GROWTH AGENDA. Better-than-expected bottom-line results prompted management to raise full-year earnings view
Shares of Wolverine World Wide increased more than 2% during the trading session on Aug 8. Also, we note that the stock has gained 8.5% in a month outperforming the industry 's upside of 3.2%. Further, shares of this Zacks Rank #2 (Buy) are hovering close to the 52-week high of $37.20.
Q2 Highlights
The company posted adjusted earnings of 54 cents per share that came ahead of the consensus mark of 45 cents. This was the second straight quarter of positive earnings surprise. Notably, the bottom line surged 26% from the prior-year period, primarily due to improved margin performance.
Revenues in the reported quarter declined 5.3% to $566.9 million in the second quarter that missed the Zacks Consensus Estimate of $570 million.
Further, underlying revenues across most of the company's operating segments registered growth owing to impressive performance of Merrell brand that grew at a high-teen rate, marking its highest quarterly growth rate over the past few years. Also, Boston Group's Sperry brand contributed to revenues, marking its second consecutive quarter of growth.
Notably, the Outdoor & Lifestyle Group and the Heritage Group segments registered 8.6% and 9% rise in revenues, respectively, during the quarter. Additionally, the top-line performance was negatively impacted by 1.6% decline in Boston Group sales, flat revenues at Chaco brand, and low-single digit decline in Cat and Hush Puppies brands.
Nevertheless, underlying revenues increased 3.9%, while on constant-currency basis revenues were up 3.3%.
Moving on, the company's adjusted gross profit rose 0.8% to reach $234.2 million. Moreover, gross margins improved 250 basis points (bps) during the period to reach 41.3%, 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 increased 6.6% to $70.9 million, while adjusted operating margin expanded 140 bps to 12.5%. Operating margin gained from gross margin expansion on account of favorable product mix, reduced product costs and benefits from a cleaner inventory pipeline.
SG&A in the quarter was down 5.7% to $163.3 million, which includes $11 million associated with GLOBAL GROWTH AGENDA.
Wolverine World Wide, Inc. Price, Consensus and EPS Surprise
Wolverine World Wide, Inc. Price, Consensus and EPS Surprise | Wolverine World Wide, Inc. Quote
Other Financials
Wolverine ended the quarter with cash and cash equivalents of $354.9 million, long-term debt of $615.6 million and stockholders' equity of $1,015.3 million.
During the quarter, the company repurchased shares worth $5.3 million. Effective tax rate for the quarter was 18.1% and is now expected to be in the range of 18-20%.
Other Developments
In the first half of 2018, the company invested nearly $20 million toward GLOBAL GROWTH AGENDA that encompasses three key strategies namely Powerful Product Creation Engine, Digital-Direct Offense and International Expansion with focus on China. The company expects the above-mentioned efforts to drive top-line growth in near future.
The company seeks to create a strong, innovative and fast product pipeline, and expects to dedicate 45% of the $45 million incremental investment toward towards creating innovative, strong and fast product pipeline. Wolverine is also making efforts to enhance its digital capabilities, which have led to approximately 24% growth in its e-commerce business during the first half of 2018. Further, it plans to spend 30% of the investments in boosting digital growth. Wolverine intends to spend 25% of the total investments for international expansion. Also, it sees revenue growth in high-single digit internationally this year.
Guidance
Although Wolverine continues to expect revenues in the range of $2.24-$2.32 billion for 2018, management sees improving sales trend during the second half of the year owing to launch of several collections. For the third quarter, underlying revenues are anticipated to grow 4%.
Additionally, gross margin for the year is expected to expand in a band of 100-130 bps, up from the prior view of a 50-90 bps increase. The rise may be attributable to introduction of higher margin products, enhancement of supply chain, cost-cutting and other pricing actions taken related to the transformation initiative. This updated view includes negative impacts of 20 bps from store closures carried out in 2017.
Further, the company anticipates delivering adjusted operating margin in a band of 12.1-12.4%, a rise from the prior view of 12-12.3%.
Management now envisions adjusted earnings in the range of $2.08-$2.15 per share compared with the earlier view of $2.00-$2.10.
The Zacks Consensus Estimate for full year is currently pegged at $2.08, which may witness an upward revision in the coming days.
Looking for High Performance Stocks? Check These
Deckers Outdoor DECK has a long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Francesca's Holding Corporation FRAN has a long-term earnings growth rate of 12.5% and a Zacks Rank #2.
Urban Outfitters, Inc. URBN has a long-term earnings growth rate of 12% 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
Urban Outfitters, Inc. (URBN): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Francesca's Holdings Corporation (FRAN): 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 a long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Urban Outfitters, Inc. (URBN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. Better-than-expected bottom-line results prompted management to raise full-year earnings view Shares of Wolverine World Wide increased more than 2% during the trading session on Aug 8.
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Click to get this free report Urban Outfitters, Inc. (URBN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Deckers Outdoor DECK has a long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Further, adjusted operating profit increased 6.6% to $70.9 million, while adjusted operating margin expanded 140 bps to 12.5%.
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Click to get this free report Urban Outfitters, Inc. (URBN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Deckers Outdoor DECK has a long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Further, underlying revenues across most of the company's operating segments registered growth owing to impressive performance of Merrell brand that grew at a high-teen rate, marking its highest quarterly growth rate over the past few years.
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Check These Deckers Outdoor DECK has a long-term earnings growth rate of 11.3% and a Zacks Rank #2 (Buy). Click to get this free report Urban Outfitters, Inc. (URBN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. Further, underlying revenues across most of the company's operating segments registered growth owing to impressive performance of Merrell brand that grew at a high-teen rate, marking its highest quarterly growth rate over the past few years.
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a4f87b25-3a32-4ad4-908c-829e15a53140
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724317.0
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2018-08-09 00:00:00 UTC
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Trade of the Day: Deckers Outdoor Stock Could Trot Higher
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DECK
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https://www.nasdaq.com/articles/trade-day-deckers-outdoor-stock-could-trot-higher-2018-08-09
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Shares of footwear designer and distributor Deckers Outdoor Corp (NYSE: DECK ) have been exhibiting a series of constructive moves through the lens of technical chart analysis and that should now provide an opportunity for the bulls to pounce on.
As we will see in a minute on the charts below, DECK stock in late 2017 made a clear bullish move that then transformed it into a trend-following stock. As a general rule, trend-following stocks in my eye are best to be traded in the direction of the trend and trades entered upon the completion of the inevitable and not infrequent consolidation phases. Those consolidation phases rest the stock but also shake out the weak hands, which in turn allow for a next leg higher in the name.
DECK Stock Charts
Click to Enlarge
Moving averages legend: red - 200 week, blue - 100 week, yellow - 50 week
Moving on to the charts - and starting off with the multiyear weekly chart - we see that DECK stock found plenty of horizontal resistance in 2016 and 2017 around the low $70's, as I marked with the gray horizontal box. In November 2017 the stock began to break out past this line of resistance, and this newfound up-swing remains intact to this date.
The 10 Best Stocks to Buy Right Now
Since this breakout, the stock has had two consolidation phases, the second one of which is still taking place but looks just about ready to complete and allow the stock to move higher again.
Click to Enlarge
Moving averages legend: red - 200 day, blue - 100 day, yellow - 50 day
On the daily chart, we see this most recent consolidation period more closely … it has been going on since June of this year. Note also that following the July 27 earnings report DECK stock gapped lower but closed the day's trading session well off the intraday lows. This was followed with so called "follow-through" buying a few days later on Aug. 2, which further confirmed the washout selling.
As a side note, I see many novice traders spending arguably too much time determining whether a "consolidation" phase in a stock is a "wedging" pattern or "flag" pattern or whatever else they may call it. In my 21 years of trading experience I have found that a consolidation pattern is a consolidation pattern and it ultimately does not pay to enter trades before a trigger gets triggered, i.e. until a breakout to the upside has manifested itself.
Thus the trade here in Deckers is to buy DECK stock upon a push and hold above $120 for a move higher to a next price target at $130. Any sharp bearish reversal on a daily closing basis is a stop-loss signal.
Access Serge's Free SSO Strategy eBook HERE - find high-probability trades like a Wall Street professional.
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The post Trade of the Day: Deckers Outdoor Stock Could Trot Higher 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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Note also that following the July 27 earnings report DECK stock gapped lower but closed the day's trading session well off the intraday lows. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares of footwear designer and distributor Deckers Outdoor Corp (NYSE: DECK ) have been exhibiting a series of constructive moves through the lens of technical chart analysis and that should now provide an opportunity for the bulls to pounce on. As we will see in a minute on the charts below, DECK stock in late 2017 made a clear bullish move that then transformed it into a trend-following stock.
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DECK Stock Charts Click to Enlarge Moving averages legend: red - 200 week, blue - 100 week, yellow - 50 week Moving on to the charts - and starting off with the multiyear weekly chart - we see that DECK stock found plenty of horizontal resistance in 2016 and 2017 around the low $70's, as I marked with the gray horizontal box. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares of footwear designer and distributor Deckers Outdoor Corp (NYSE: DECK ) have been exhibiting a series of constructive moves through the lens of technical chart analysis and that should now provide an opportunity for the bulls to pounce on. As we will see in a minute on the charts below, DECK stock in late 2017 made a clear bullish move that then transformed it into a trend-following stock.
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DECK Stock Charts Click to Enlarge Moving averages legend: red - 200 week, blue - 100 week, yellow - 50 week Moving on to the charts - and starting off with the multiyear weekly chart - we see that DECK stock found plenty of horizontal resistance in 2016 and 2017 around the low $70's, as I marked with the gray horizontal box. More From InvestorPlace The 10 Best Stocks to Buy Right Now 7 High Short-Interest Stocks 5 Retail Stocks Set to Steal the Show This Earnings Season 3 Cybersecurity Stocks to Add to Your Buy List Compare Brokers The post Trade of the Day: Deckers Outdoor Stock Could Trot Higher appeared first on InvestorPlace . InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares of footwear designer and distributor Deckers Outdoor Corp (NYSE: DECK ) have been exhibiting a series of constructive moves through the lens of technical chart analysis and that should now provide an opportunity for the bulls to pounce on.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares of footwear designer and distributor Deckers Outdoor Corp (NYSE: DECK ) have been exhibiting a series of constructive moves through the lens of technical chart analysis and that should now provide an opportunity for the bulls to pounce on. As we will see in a minute on the charts below, DECK stock in late 2017 made a clear bullish move that then transformed it into a trend-following stock. DECK Stock Charts Click to Enlarge Moving averages legend: red - 200 week, blue - 100 week, yellow - 50 week Moving on to the charts - and starting off with the multiyear weekly chart - we see that DECK stock found plenty of horizontal resistance in 2016 and 2017 around the low $70's, as I marked with the gray horizontal box.
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b383d069-6621-40b3-b526-9f001fa67a21
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724318.0
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2018-08-03 00:00:00 UTC
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Prestige Brands (PBH) Beats on Q1 Earnings, Plans Name Change
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DECK
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https://www.nasdaq.com/articles/prestige-brands-pbh-beats-on-q1-earnings-plans-name-change-2018-08-03
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nan
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nan
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Prestige Brands Holdings Inc.PBH came out with first-quarter fiscal 2019 results, with earnings and sales beating the Zacks Consensus Estimates. Nevertheless, revenues were marred due to change in accounting policies and packaging expenses of certain brands. Also, revenues during the quarter remained dismal across most segments.
Along with first-quarter results, the company announced plans to change its corporate name to Prestige Consumer Healthcare, Inc. This move reflects the company's intention to focus on the healthcare segments. Progressing along such lines, the company recently divested the cleaning business.
That said, lets delve into the quarterly performance and management's plans for fiscal 2019.
Q1 in Details
The company posted adjusted earnings of 68 cents per share, up 3% from the year-ago quarter's figure. Also, the figure surpassed the Zacks Consensus Estimate of 66 cents.
Total revenues of $254 million beat the Zacks Consensus Estimate of $253.3 million. However, the top line inched down 1% year over year, as strong consumption trends in several brands were more than offset by change in accounting policies and packaging expenses of Goody's and BC brands.
Gross profit came in at $140.6 million, reflecting a decline of 2% from the prior-year quarter's figure. Also, adjusted gross margin declined 50 basis points (bps) to 55.4% in fiscal first quarter.
Moreover, adjusted EBITDA was $80.8 million, down 7.7% year over year. Adjusted EBITDA margin contracted 300 bps to reach 32.4%.
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
Revenues in the North American OTC Healthcare segment amounted $ 214.8 million, down 0.5% year over year. Consumption growth in the company's core OTC brands were more than offset by change in revenue recognition accounting policies as well as the launch of new packaging for BC and Goody's brands.
Revenues in the International OTC Healthcare segment totaled $19.4 million, down 7.2% from the year-ago quarter's tally. The downside was caused by timing differences in shipments and distributor orders.
Further, revenues in the Household Cleaning segment amounted to $19.8 million, down 0.2% from the year-ago quarter's tally. Notably, on July 2, the company completed the divestiture of the segment for $69 million. Proceeds of $50 million from the sale were utilized to lower debt burden.
Financial Updates
The company exited the quarter under review with cash and cash equivalents of $34.3 million, long-term debt of $1,993.8 million and shareholders' equity of $1,161.7 million. Net cash from operating activities in the quarter was $55.9 million.
Further, in first-quarter fiscal 2018, the company completed the repurchase of 1.4 million shares for $50 million.
Will Divestiture Uplift the Stock?
Prestige Brands' sluggish Household Cleaning business has been dampening the company's performance. Hence, management's decision to sell the unit is rational and expected to help the company focus on other prospects like healthcare. Notably, the company's healthcare portfolio consists of strong brands that have adequate long-term growth prospects. With this in mind, Prestige Brands plans to emerge as a company focused entirely on healthcare. Well, management has already commenced initiatives to achieve the target by announcing corporate name change. We expect that such well-chalked initiatives will enable the company to efficiently utilize resources and revive share price performance. Notably, shares of this Zacks Rank #4 (Strong Selll) company declined 3.1% in the past six months compared with the industry 's 13.5% rise.
Outlook
The company updated fiscal 2019 outlook, considering the divestiture of the company's cleaning business. Management expects revenues in the range of $985-$995 million. Further, adjusted earnings per share are projected in the range of $2.84-$2.92.
Additionally, Prestige Brands is striving to improve freight and warehouse cost. Additionally, management expects to sustain strong consumption trends in core brands to in the upcoming quarters.
Looking for More Consumer Discretionary Stocks? Check These
Columbia Sportswear Company COLM carrying a Zacks Rank #2 (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 (Strong Buy) stocks here ..
Deckers Outdoor Corporation DECK , with long-term earnings per share growth rate of 11.3%, carries a Zacks Rank #2.
Guess?, Inc GES , a Zacks Rank #2 company, delivered an average positive earnings surprise of 29% in the trailing four quarters.
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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
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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You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .. 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 Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, shares of this Zacks Rank #4 (Strong Selll) company declined 3.1% in the past six months compared with the industry 's 13.5% rise.
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You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .. 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 Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. 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 Revenues in the North American OTC Healthcare segment amounted $ 214.8 million, down 0.5% 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 Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks 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 Revenues in the North American OTC Healthcare segment amounted $ 214.8 million, down 0.5% year over year.
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You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .. 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 Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. 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 Revenues in the North American OTC Healthcare segment amounted $ 214.8 million, down 0.5% year over year.
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3605e141-040f-4561-b190-af3384860228
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724319.0
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2018-07-31 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-2018-07-31
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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 4 estimates have gone higher, compared to 1 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 #2 (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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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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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): Free Stock Analysis 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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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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e6145b0a-b930-4e96-aecb-5df2f42c189c
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724320.0
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2018-07-29 00:00:00 UTC
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Validea's Top Five Consumer Cyclical Stocks Based On Benjamin Graham - 7/29/2018
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DECK
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https://www.nasdaq.com/articles/valideas-top-five-consumer-cyclical-stocks-based-benjamin-graham-7292018-2018-07-29
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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.
COOPER TIRE & RUBBER CO ( CTB ) is a small-cap value stock in the Tires industry. The rating according to our strategy based on Benjamin Graham is 86% 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
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
Since its inception, Validea's strategy based on Benjamin Graham has returned 542.72% vs. 181.76% 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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The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. 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.
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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. 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.
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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'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 542.72% vs. 181.76% for the S&P 500.
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a78a2096-20e9-4529-8ebf-06bed5a98c7b
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724321.0
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2018-07-27 00:00:00 UTC
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Deckers (DECK) Posts Narrower-than-Expected Q1 Loss, Ups View
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DECK
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https://www.nasdaq.com/articles/deckers-deck-posts-narrower-than-expected-q1-loss-ups-view-2018-07-27
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nan
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nan
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Deckers Outdoor CorporationDECK reported narrower-the-expected first-quarter fiscal 2019 loss. This footwear and apparel retailer posted quarterly loss of 98 cents a share that fared better than the Zacks Consensus Estimate of loss of $1.42 and the prior-year quarter loss of $1.28. This was the sixth straight quarter that the company's bottom line has outperformed the consensus mark.
The top line also sustained its winning streak improving 19.5% to $250.6 million during the quarter, following an increase of 8.4% in the preceding quarter. Net sales also came ahead of the Zacks Consensus Estimate of $228.9 million, marking the sixth successive quarter of positive surprise. On a constant currency basis, net sales grew 17.6%. Sturdy top-line performance was driven by sales increase across UGG, HOKA ONE ONE and Teva brands.
Deckers in the last quarter had guided net sales in the range of $225-$235 million and loss per share in the range of approximately $1.41-$1.50. Instead, this Goleta, CA-based company went on to post far better results than anticipated. However, in spite of reporting better-than-expected results not much movement was noticed in the stock during the post-market trading hours. Analysts pointed that this may be due to the company's subdued second-quarter view that overshadowed the upbeat projection for fiscal 2019.
Nevertheless, we note that shares of this Zacks Rank #1 (Strong Buy) company have increased about 35% in the past six months outperforming the industry 's growth of 12%. 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 270 basis points to 45.9% on the back of cost containment efforts and improved full-price selling. Adjusted SG&A expenses were $153.9 million up from $144.9 million for the same period last year, while as a percentage of revenue SG&A expenses came in at 61.4% down from 69.1% in the year-ago period.
Adjusted operating loss came in at $38.9 million compared with loss of $54.3 million in the year-ago period.
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 17.4% to $141.7 million in the reported quarter. Meanwhile, international net sales rose 22.3% to $108.9 million.
Direct-to-Consumer ("DTC") net sales advanced 12% to $73 million. DTC comparable sales rose 6.2% year over year. Wholesale net sales in the reported quarter grew 22.9% to $177.6 million.
Brand-wise Discussion
UGG brand net sales increased 18.9% to $136.5 million in the reported quarter. Net sales for the Sanuk brand, known for its exclusive sandals and shoes, came in at $24.4 million, down 6.6% year over year.
HOKA ONE ONE brand net sales surged 53.1% to $47 million, while Teva brand net sales grew 6.2% to $40 million.
Other Financial Aspects
At the end of the quarter, Deckers had cash and cash equivalents of $417.9 million, total short-term borrowings and mortgage payable of $31.9 million and shareholders' equity of $902.2 million.
During the quarter under review, Deckers bought back approximately 86,000 shares of worth $10 million. As of Jun 30, 2018, the company had $241 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 $1,930-$1,955 million, up from its prior projection of $1,925-$1,950 million.
Further, adjusted earnings are projected to be in the range of $6.25-$6.45 per share, which portrays an improvement over $5.74 reported in fiscal 2018. The current Zacks Consensus Estimate for fiscal 2019 is $6.34. The company had earlier guided adjusted earnings in the range of $6.20-$6.40 per share.
Gross margin for the fiscal year is anticipated to be marginally better than 49%. Further, SG&A expense as a percentage of sales is projected to be marginally better than 36.5%. Operating margin is envisioned to be in the range of 12.6-12.8%.
In the second quarter, net sales are estimated to be in the range of $485-$495 million compared with $482.5 million reported in the year-ago period. Analysts polled by Zacks envisions revenue of $511.6 million for the quarter. Management forecasts earnings of approximately $1.60 to $1.70 compared with $1.54 per share in the prior-year quarter. The current Zacks Consensus Estimate for the quarter is $1.95.
3 Hot Stocks Awaiting Your Look
G-III Apparel GIII delivered an average positive earnings surprise of 190.8% in the trailing four quarters. It 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 an average positive earnings surprise of 18.1% in the trailing four quarters. It carries a Zacks Rank #2 (Buy).
V.F. Corporation VFC delivered an average positive earnings surprise of 11.6% in the trailing four quarters. It has a long-term earnings growth rate of 9.9% 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
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
V.F. Corporation (VFC): 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 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 reported narrower-the-expected first-quarter fiscal 2019 loss. Deckers in the last quarter had guided net sales in the range of $225-$235 million and loss per share in the range of approximately $1.41-$1.50.
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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 17.4% to $141.7 million in the reported quarter. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report V.F. Deckers Outdoor CorporationDECK reported narrower-the-expected first-quarter fiscal 2019 loss.
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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 17.4% to $141.7 million in the reported quarter. Deckers Outdoor CorporationDECK reported narrower-the-expected first-quarter fiscal 2019 loss. Deckers in the last quarter had guided net sales in the range of $225-$235 million and loss per share in the range of approximately $1.41-$1.50.
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Deckers in the last quarter had guided net sales in the range of $225-$235 million and loss per share in the range of approximately $1.41-$1.50. Deckers Outdoor CorporationDECK reported narrower-the-expected first-quarter fiscal 2019 loss. 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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0371871c-cc59-4532-9bd7-ad8f8b09b3ab
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724322.0
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2018-07-26 00:00:00 UTC
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Carter's (CRI) Q2 Earnings & Sales Top Estimates, View Intact
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DECK
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https://www.nasdaq.com/articles/carters-cri-q2-earnings-sales-top-estimates-view-intact-2018-07-26
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nan
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nan
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Carter's Inc.CRI posted top- and bottom-line beat in second-quarter 2018, which marked its seventh straight earnings beat and ninth sales beat in 11 quarters. Results mostly gained from strength in the Retail and International segments.
While shares of the company showed little movement following the results, this Zacks Rank #4 (Sell) stock has gained 11.9% in the past three months, outperforming the industry 's growth of 8.5%.
Q2 Highlights
Carter's second-quarter 2018 earnings per share of 79 cents were flat year over year. Moreover, the bottom line surpassed the Zacks Consensus Estimate of 56 cents.
Carter's, Inc. Price, Consensus and EPS Surprise
Carter's, Inc. Price, Consensus and EPS Surprise | Carter's, Inc. Quote
Net sales increased 0.6% to $696.2 million, surpassing the Zacks Consensus Estimate of $684.1 million. The improvement can be attributed to gains from the U.S. Retail and International segments, with significant contributions from the Mexico licensee acquired in 2017. However, lower sales in the U.S. Wholesale segment partly hurt the top line. Sales grew 0.3% on a constant-currency basis. Foreign currency gains aided the top line by $2.6 million or 0.4%.
Segment Revenues
U.S. Retail segment sales improved 2.7% year over year to $402 million, backed by comparable store sales (comps) growth of 0.9%. The increase in comps is mainly attributed to solid e-commerce growth.
U.S. Wholesale segment saw a sales decline of 3.8% to $209.5 million, mainly due to lower shipments resulting from the discontinued sales to Toys "R" Us and Bon-Ton, partially negated by contributions from the Skip Hop acquisition.
The International segment reported revenue gains of 2.6% to $84.7 million in the second quarter. The increase was driven by contributions from Mexico acquisition and strength in Canada, partially neutralized by the decline in wholesale demand across various markets outside the United States. Foreign currency gains contributed 3.1% to the top line growth. Currency-neutral revenues for the segment declined 0.6%.
Costs & Margins
Gross profit improved 2.1% to $310 million and gross margin expanded 60 basis points (bps) to 44.5%. The improvement is attributable to sourcing efficiencies and favorable channel mix.
Adjusted operating income declined 13.1% to $57 million. Adjusted operating margin contracted 130 bps to 8.2% owing to higher retail and marketing investments as well as lower margins in the U.S. Wholesale segment due to customer mix. This was partly compensated by sourcing efficiencies.
Balance Sheet & Shareholder-Friendly Moves
Carter's ended second-quarter 2018 with cash and cash equivalents of $183.2 million, net long-term debt of $682.8 million and shareholders' equity of $810.3 million. Inventories as of Jun 30, 2018, grew 8.7% to $663.3 million.
The company generated $103.1 million in operating cash flow in the first half of 2018.
In the second quarter, Carter's returned nearly $84.9 million to shareholders including $21 million in dividends and $63.9 million in share buyback. During the quarter, the company bought back 599,314 shares at an average price of $106.62 per share. The company also paid a dividend of 45 cents per share. As of Jul 25, 2018, the company had $483.8 million remaining under its current share repurchase program.
Outlook
For third-quarter 2018, Carter's expects net sales to be flat with the third quarter of 2017. Adjusted earnings per share are also anticipated to be flat with the prior-year quarter earnings of $1.70. Results for the third quarter assume a partial recovery of los sales that was initially planned for Toys "R" Us and Bon-Ton.
Driven by the strong product offerings, investments in brand marketing and e-commerce capabilities, and gains from the new tax reform, the company reiterated its sales and earnings growth guidance for 2018. The company continues to anticipate growth of 3% for revenues and about 12% for adjusted earnings per share in 2018.
The company expects sales and earnings to be aided by the recapturing of nearly half of the lost volume due to the liquidating of its wholesale customers, Toys "R" Us and Bon-Ton, in the last three quarters of 2018. Other assumptions include lower discretionary spending from planned levels and an effective tax rate of about 22%.
Looking for Trending Stocks? Check These
A better-ranked stock in the same industry is Deckers Outdoor Corporation DECK , carrying a Zacks Rank #2 (Buy). Other stocks worth considering in the broader Consumer Discretionary space are lululemon athletica inc. LULU and G-III Apparel Group, LTD. GIII , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor has long-term earnings growth rate of 12.2%. Further, the company has gained 27.6% in the past three months.
lululemon, with long-term earnings growth rate of 14.3%, has surged 26% in the past three months.
G-III Apparel has long-term earnings growth rate of 15%. Moreover, the company has rallied 25.7% in the past three months.
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lululemon athletica inc. (LULU): Free Stock Analysis Report
Carter's, Inc. (CRI): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
G-III Apparel Group, LTD. (GIII): 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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Check These A better-ranked stock in the same industry is Deckers Outdoor Corporation DECK , carrying a Zacks Rank #2 (Buy). Deckers Outdoor has long-term earnings growth rate of 12.2%. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report To read this article on Zacks.com click here. Check These A better-ranked stock in the same industry is Deckers Outdoor Corporation DECK , carrying a Zacks Rank #2 (Buy). Deckers Outdoor has long-term earnings growth rate of 12.2%.
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Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report To read this article on Zacks.com click here. Check These A better-ranked stock in the same industry is Deckers Outdoor Corporation DECK , carrying a Zacks Rank #2 (Buy). Deckers Outdoor has long-term earnings growth rate of 12.2%.
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Check These A better-ranked stock in the same industry is Deckers Outdoor Corporation DECK , carrying a Zacks Rank #2 (Buy). Deckers Outdoor has long-term earnings growth rate of 12.2%. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report To read this article on Zacks.com click here.
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619447e0-7b4f-45f2-8591-b4c2dc77cfa2
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724323.0
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2018-07-26 00:00:00 UTC
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Get Sweet Surprise on Earnings From 5 Top-Ranked Stocks
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DECK
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https://www.nasdaq.com/articles/get-sweet-surprise-earnings-5-top-ranked-stocks-2018-07-26
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nan
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nan
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Though a reconciliatory move has been noticed between U.S.-EU trade relationships, the investing world is still on the edge with heightened politics between the United States and China pertaining to trade. Against this kind of a backdrop, only sweet surprises in corporate earnings can pull the market up steadily.
This is because, what every investor would want now is a quality pick. Stocks that are likely to beat earnings estimates fall in that category. After all, it is a positive earnings surprise or a beat that matters the most, irrespective of earnings growth.
Why Is a Positive Earnings Surprise So Important?
Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations. After all, a 20% earnings rise (though apparently looks good) doesn't tell you if it has been decelerating.
Seasonal fluctuations also come into play. If a company's Q1 is seasonally weak and Q4 is strong, it is likely to report a sequential earnings decline. In such cases, growth rates are misleading while judging the true health of a company.
It's only after significant research and analysis on a company's financials and initiatives that Wall Street analysts project its earnings. They also take a company's guidance into consideration when deriving an earnings estimate.
Thus, outperforming that estimate is almost equivalent to beating the company's own expectation as well as the market perception. If the margin of earnings surprise is big, it typically drives the stock higher right after the release. Thus, more than anything else, an earnings surprise can push a stock higher.
How to Locate Potential Outperformers?
Investors tend to look for stocks that have the potential to beat on the bottom line but might not always succeed. One way of identifying the winners beforehand is by looking at the earnings surprise history of a company.
An impressive track record in this regard generally acts as a driver. It indicates the company's ability to exceed estimates. Investors generally believe that the company will have the same trick up its sleeve to deliver yet another earning beat in its upcoming release.
The Winning Strategy
In order to shortlist stocks that are likely to come up with an earnings surprise, we chose the following as our primary screening parameters.
Last EPS Surprise greater than or equal to 10%: Stocks delivering positive surprise in the last quarter tend to surprise again.
Average EPS Surprise in the last four quarters greater than 20%: We lifted the bar for outperformance slight higher by setting the average earnings surprise for the last four quarters at 20%.
Average EPS Surprise in the last two quarters greater than 20%: This points to a more consistent surprise history and makes the case for another surprise even stronger.
In addition, we place a few other criteria that push up the chance of a positive surprise.
Zacks Rank less than or equal to 2: Only companies with a Zacks Rank #1 (Strong Buy) or 2 (Buy) rating can get through.
Earnings ESP greater than zero: A stock needs to have both a positive Earnings ESP and a Zacks Rank of #1, 2 or 3 for an earnings beat to happen, as per our proven model.
In order to zero in on those that have long-term growth potential and high trading liquidity we have added the following parameters too:
Next 3-5 Years Estimated EPS Growth (Per Year) greater than 10%: Solid expected earnings growth exhibits the stock's long-term growth prospects.
Average 20-day Volume greater than 100,000: High trading volume implies that the stocks have adequate liquidity.
A handful of criteria has narrowed down the universe from over 7,700 stocks to 13.
Here are five out of 13 stocks that passed the screen:
Deckers Outdoor Corporation DECK : The company is a global leader in designing and distributing innovative footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. The stock carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Weight Watchers International Inc WTW : This is the largest provider of weight control programs in the world. It has a Zacks Rank #1.
Bio-Rad Laboratories Inc. BIO : The Zacks Rank #2 company is in the manufacturing and supply of products and systems for the life science research, healthcare, analytical chemistry, and other markets worldwide.
Wright Medical Group N.V. WMGI : This is a medical device company which focuses on providing extremity and biologic solutions. It has a Zacks Rank #1.
Terex Corporation TEX : This Zacks Rank #2 company is a global manufacturer of lifting and material processing products.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance .
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Terex Corporation (TEX): Free Stock Analysis Report
Wright Medical Group N.V. (WMGI): Free Stock Analysis Report
Bio-Rad Laboratories, Inc. (BIO): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Weight Watchers International Inc (WTW): 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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Here are five out of 13 stocks that passed the screen: Deckers Outdoor Corporation DECK : The company is a global leader in designing and distributing innovative footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Wright Medical Group N.V. (WMGI): Free Stock Analysis Report Bio-Rad Laboratories, Inc. (BIO): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Weight Watchers International Inc (WTW): Free Stock Analysis Report To read this article on Zacks.com click here. Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations.
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Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Wright Medical Group N.V. (WMGI): Free Stock Analysis Report Bio-Rad Laboratories, Inc. (BIO): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Weight Watchers International Inc (WTW): Free Stock Analysis Report To read this article on Zacks.com click here. Here are five out of 13 stocks that passed the screen: Deckers Outdoor Corporation DECK : The company is a global leader in designing and distributing innovative footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. In order to zero in on those that have long-term growth potential and high trading liquidity we have added the following parameters too: Next 3-5 Years Estimated EPS Growth (Per Year) greater than 10%: Solid expected earnings growth exhibits the stock's long-term growth prospects.
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Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Wright Medical Group N.V. (WMGI): Free Stock Analysis Report Bio-Rad Laboratories, Inc. (BIO): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Weight Watchers International Inc (WTW): Free Stock Analysis Report To read this article on Zacks.com click here. Here are five out of 13 stocks that passed the screen: Deckers Outdoor Corporation DECK : The company is a global leader in designing and distributing innovative footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. Earnings ESP greater than zero: A stock needs to have both a positive Earnings ESP and a Zacks Rank of #1, 2 or 3 for an earnings beat to happen, as per our proven model.
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Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Wright Medical Group N.V. (WMGI): Free Stock Analysis Report Bio-Rad Laboratories, Inc. (BIO): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Weight Watchers International Inc (WTW): Free Stock Analysis Report To read this article on Zacks.com click here. Here are five out of 13 stocks that passed the screen: Deckers Outdoor Corporation DECK : The company is a global leader in designing and distributing innovative footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. Last EPS Surprise greater than or equal to 10%: Stocks delivering positive surprise in the last quarter tend to surprise again.
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780bb5fd-accb-484f-92dd-5089cf51f5f6
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724324.0
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2018-07-25 00:00:00 UTC
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Apparel Stocks Earnings Roster for Jul 26: UAA, COLM, & More
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DECK
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https://www.nasdaq.com/articles/apparel-stocks-earnings-roster-for-jul-26%3A-uaa-colm-more-2018-07-25
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nan
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nan
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The earnings season is off to a good start and the picture so far appears to be quite encouraging. Per the Earnings Preview dated Jul 20, 87 of the S&P 500 members have reported results. Out of these S&P 500 companies, approximately 86.2% delivered positive earnings surprises, while 77% beat top-line expectations.
Further, earnings for these companies have advanced 20.9% from the same period last year, with revenues up 10.3%. While results announced so far showcase year-over-year growth in both top and bottom lines, the pace of the same has decelerated sequentially.
Further, the report suggests that earnings for the total S&P 500 companies for this quarter are projected to improve 21% year over year, with total revenues rising 8.3%. Thus, the overall picture looks favorable for this reporting cycle.
The performance of the index is determined by all 16 Zacks sectors, out of which 14 are estimated to witness year-over-year earnings growth. The Consumer Discretionary sector, which also houses major apparel stocks, seems to be one of them. Per the report, the sector is likely to witness earnings growth of 10.7% and revenue increase of 6.1% this earnings season.
A Look at Textile-Apparel Industry
The Zacks Textile-Apparel Industry is currently ranked among the top 9% (24 of 256) of all Zacks Industries. Apart from practicing stringent cost-containment, the players in the industry are focused on expanding digital capacities, which is likely to remain a major driver. Further, consumers' rising inclination for sports and fitness activities bodes well for various players in this space. We also note that while some textile-apparel stocks are bearing the brunt of strained gross margins and increased costs to support store and international expansion, others with solid financial backing and effective strategic plans are outperforming.
The industry has outperformed both the S&P 500 and its own sector over the past six months. While the stocks in this industry have collectively gained 14.1%, the Zacks S&P 500 Composite and Zacks Consumer Discretionary Sector have rallied 5.6% and 6.5%, respectively.
So, let's see what awaits the following Apparel stocks that are queued up for the earnings releases on Jul 26.
Well, our research shows that for stocks with the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP , the chance of a positive earnings surprise is high. You can uncover the best stocks to buy or sell, before they're reported with our Earnings ESP Filter .
COLM, DECK Likely to Beat: Let's see How
Known for sourcing, marketing, designing, and distributing outdoor and active lifestyle apparel, footwear, accessories and equipment, Columbia Sportswear CompanyCOLM , currently has a Zacks Rank #1 and an Earnings ESP of +19.90%. The current Zacks Consensus Estimate for the quarter under review is pegged at a loss of 10 cents. We note that a favorable Zacks Rank coupled with a positive ESP makes us confident of a beat. You can see the complete list of today's Zacks #1 Rank stocks here .
Columbia Sportswear Company Price, Consensus and EPS Surprise
Columbia Sportswear Company Price, Consensus and EPS Surprise | Columbia Sportswear Company Quote
Columbia Sportswear remains poised to gain from its Project CONNECT program that was announced last year, with the intention of enhancing the company's performance. Also, the company is set to gain from its innovative marketing techniques, which will further strengthen its presence in the apparel industry. Additionally, Columbia Sportswear's widespread global reach provides the company with a solid business foundation and enables it seek new opportunities to enhance profitability. However, Columbia Sportswear remains prone to volatility in the prices of several raw materials. (Read More: What's in Store for Columbia Sportswear in Q2 Earnings? )
Now, let's assess Deckers Outdoor CorporationDECK , which is also scheduled for tomorrow. Like the above-mentioned company, this stock is also likely to beat, given its Zacks Rank #2 and an Earnings ESP of +0.47%. The current Zacks Consensus Estimate is pegged at a loss of $1.42. Well, Deckers is engaged in designing, marketing and distributing innovative and niche footwear, apparel and accessories developed for high performance and other lifestyle-related activities.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote
Deckers is targeting profitable markets and remains focused on product innovations as well as store augmentation plans. Further, the company's focus on expanding brand assortments, bringing more innovative line of products, targeting consumers through marketing and optimizing omni-channel distribution bode well. Additionally, the company has undertaken strategic initiatives in an effort to drive long-term growth. Its store-fleet optimization plan focuses on striking the right balance between digital and physical stores. Nonetheless, Deckers' over-reliance on its UGG brand also remains a concern. (Read more: Check Out Deckers Probability to Beat in Q1 Earnings )
Here's Why UAA & CRI Have Slim Chances to Beat
Under ArmourUAA , along with its subsidiaries, is a leading developer, designer, and distributor of authentic athletic footwear, apparel, and accessories for a wide variety of sports and fitness activities, set to report second-quarter results. While the company currently carries a Zacks Rank #1 (Strong Buy), our earnings beat criteria was let down by its Earnings ESP of -3.08%.
Under Armour, Inc. Price, Consensus and EPS Surprise
Under Armour, Inc. Price, Consensus and EPS Surprise | Under Armour, Inc. Quote
Under Armour's sustained focus on brand development and expansion of direct-to-consumer (DTC) and technology-based fitness businesses bode well. The company has been trying to boost its DTC business through store expansion initiatives and enhancement of its e-commerce platform. However, the company continues to see sluggishness in the North American business. (Read More: What's Under Armour Probability to Beat in Q2 Earnings )
Taking a sneak-peek at the earnings beat criteria for Carter'sCRI , we note that the company is involved in designing, sourcing and marketing branded apparel and related products for babies, and young children, primarily in North America. Carter's has an Earnings ESP of +2.30% but a Zacks Rank #4 (Sell), makes surprise prediction difficult. However, we prefer to wait and see what's in the cards for this apparel stock, the Zacks Consensus Estimate for which is pegged at 54 cents.
Carter's, Inc. Price, Consensus and EPS Surprise
Carter's, Inc. Price, Consensus and EPS Surprise | Carter's, Inc. Quote
Carter's remains poised on its strong product offerings, investments in brand marketing and e-commerce capabilities, and gains from the new tax reform. Nevertheless, higher SG&A expenses, due to continued investments in business growth and new initiatives, are weighing on the operating margin. (Read More: Factors Setting the Tone for Carter's Q2 Earnings )
More Stock News: This Is Bigger than the iPhone!
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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
Carter's, Inc. (CRI): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Columbia Sportswear Company (COLM): 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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COLM, DECK Likely to Beat: Let's see How Known for sourcing, marketing, designing, and distributing outdoor and active lifestyle apparel, footwear, accessories and equipment, Columbia Sportswear CompanyCOLM , currently has a Zacks Rank #1 and an Earnings ESP of +19.90%. Now, let's assess Deckers Outdoor CorporationDECK , which is also scheduled for tomorrow. Well, Deckers is engaged in designing, marketing and distributing innovative and niche footwear, apparel and accessories developed for high performance and other lifestyle-related activities.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote Deckers is targeting profitable markets and remains focused on product innovations as well as store augmentation plans. Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Under Armour, Inc. (UAA): Free Stock Analysis Report To read this article on Zacks.com click here. COLM, DECK Likely to Beat: Let's see How Known for sourcing, marketing, designing, and distributing outdoor and active lifestyle apparel, footwear, accessories and equipment, Columbia Sportswear CompanyCOLM , currently has a Zacks Rank #1 and an Earnings ESP of +19.90%.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote Deckers is targeting profitable markets and remains focused on product innovations as well as store augmentation plans. Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Under Armour, Inc. (UAA): Free Stock Analysis Report To read this article on Zacks.com click here. COLM, DECK Likely to Beat: Let's see How Known for sourcing, marketing, designing, and distributing outdoor and active lifestyle apparel, footwear, accessories and equipment, Columbia Sportswear CompanyCOLM , currently has a Zacks Rank #1 and an Earnings ESP of +19.90%.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote Deckers is targeting profitable markets and remains focused on product innovations as well as store augmentation plans. COLM, DECK Likely to Beat: Let's see How Known for sourcing, marketing, designing, and distributing outdoor and active lifestyle apparel, footwear, accessories and equipment, Columbia Sportswear CompanyCOLM , currently has a Zacks Rank #1 and an Earnings ESP of +19.90%. Now, let's assess Deckers Outdoor CorporationDECK , which is also scheduled for tomorrow.
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e3f56015-56a8-4690-a19b-8976fcd9a2c3
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724325.0
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2018-07-24 00:00:00 UTC
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Noteworthy Tuesday Option Activity: MAR, CROX, DECK
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DECK
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity-mar-crox-deck-2018-07-24
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Marriott International, Inc. (Symbol: MAR), where a total volume of 41,719 contracts has been traded thus far today, a contract volume which is representative of approximately 4.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 233.8% of MAR's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $175 strike call option expiring January 18, 2019 , with 15,002 contracts trading so far today, representing approximately 1.5 million underlying shares of MAR. Below is a chart showing MAR's trailing twelve month trading history, with the $175 strike highlighted in orange:
Crocs Inc (Symbol: CROX) saw options trading volume of 15,030 contracts, representing approximately 1.5 million underlying shares or approximately 182.1% of CROX's average daily trading volume over the past month, of 825,450 shares. Particularly high volume was seen for the $18 strike call option expiring August 17, 2018 , with 5,187 contracts trading so far today, representing approximately 518,700 underlying shares of CROX. Below is a chart showing CROX's trailing twelve month trading history, with the $18 strike highlighted in orange:
And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 8,262 contracts thus far today. That number of contracts represents approximately 826,200 underlying shares, working out to a sizeable 148% of DECK's average daily trading volume over the past month, of 558,390 shares. Especially high volume was seen for the $125 strike call option expiring August 17, 2018 , with 2,753 contracts trading so far today, representing approximately 275,300 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $125 strike highlighted in orange:
For the various different available expirations for MAR options , CROX 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 $125 strike call option expiring August 17, 2018 , with 2,753 contracts trading so far today, representing approximately 275,300 underlying shares of DECK. Below is a chart showing CROX's trailing twelve month trading history, with the $18 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 8,262 contracts thus far today. That number of contracts represents approximately 826,200 underlying shares, working out to a sizeable 148% of DECK's average daily trading volume over the past month, of 558,390 shares.
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Below is a chart showing CROX's trailing twelve month trading history, with the $18 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 8,262 contracts thus far today. That number of contracts represents approximately 826,200 underlying shares, working out to a sizeable 148% of DECK's average daily trading volume over the past month, of 558,390 shares. Especially high volume was seen for the $125 strike call option expiring August 17, 2018 , with 2,753 contracts trading so far today, representing approximately 275,300 underlying shares of DECK.
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Below is a chart showing CROX's trailing twelve month trading history, with the $18 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 8,262 contracts thus far today. That number of contracts represents approximately 826,200 underlying shares, working out to a sizeable 148% of DECK's average daily trading volume over the past month, of 558,390 shares. Especially high volume was seen for the $125 strike call option expiring August 17, 2018 , with 2,753 contracts trading so far today, representing approximately 275,300 underlying shares of DECK.
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Below is a chart showing CROX's trailing twelve month trading history, with the $18 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 8,262 contracts thus far today. That number of contracts represents approximately 826,200 underlying shares, working out to a sizeable 148% of DECK's average daily trading volume over the past month, of 558,390 shares. Especially high volume was seen for the $125 strike call option expiring August 17, 2018 , with 2,753 contracts trading so far today, representing approximately 275,300 underlying shares of DECK.
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13d86084-4552-4cfe-bd44-df4f9f18559b
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724326.0
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2018-07-23 00:00:00 UTC
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Check Out Deckers (DECK) Probability to Beat in Q1 Earnings
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DECK
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https://www.nasdaq.com/articles/check-out-deckers-deck-probability-to-beat-in-q1-earnings-2018-07-23
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nan
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nan
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Deckers Outdoor CorporationDECK is slated to report first-quarter fiscal 2019 results on Jul 26. In the trailing four quarters, this Goleta, CA-based footwear and apparel retailer has outperformed the Zacks Consensus Estimate by an average of 70%. Investors are counting on another beat by Deckers in the to-be-reported quarter. Let's delve deeper and take a look at the factors that will be influencing the results.
How Are Top & Bottom Line Estimates Faring?
The Zacks Consensus Estimate for the quarter under review is pegged at a loss of $1.42 compared with a loss of $1.28 reported in the year-ago quarter. We note that the Zacks Consensus Estimate has been stable in the last 30 days. Analysts polled by Zacks now project revenues of $228.9 million, up approximately 9% from the year-ago quarter.
If all goes well, this will be the sixth straight quarter that the company will surpass the Zacks Consensus Estimate for both the top and bottom lines.
Here Are the Deciding Factors
Deckers is targeting profitable markets and remains focused on product innovations 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 bode well.
In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and opening smaller concept omni-channel outlets. Additionally, the company has undertaken strategic initiatives in an effort 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 first-quarter net sales in the range of $225-$235 million compared with $209.7 million reported in the year-ago period. The company had forecasted loss in the range of approximately $1.41-$1.50.
Industry experts remain concerned about Deckers' over-reliance on the UGG brand. In the event of stagnation or decline of UGG sales growth, the company's overall results will be adversely 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 and Teva brands are $26.2 million and $37.1 million, respectively, almost flat year over year. However, sales from UGG brand are expected to come in at $123 million, up 7.2% year over year.
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 +0.47% and a Zacks Rank #1. This makes us reasonably confident that it is likely to outperform estimates.
Other Stocks With Favorable Combination
Here are some 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:
Urban Outfitters URBN has an Earnings ESP of +1.46% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Foot Locker, Inc. FL has an Earnings ESP of +6.51% and a Zacks Rank #2.
DSW Inc. DSW has an Earnings ESP of +2.86% 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
Urban Outfitters, Inc. (URBN): Free Stock Analysis Report
DSW Inc. (DSW): 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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Here Are the Deciding Factors Deckers is targeting profitable markets and remains focused on product innovations as well as store augmentation plan. In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and opening smaller concept omni-channel outlets. Deckers Outdoor CorporationDECK is slated to report first-quarter fiscal 2019 results on Jul 26.
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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? Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Urban Outfitters, Inc. (URBN): Free Stock Analysis Report DSW Inc. (DSW): 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 first-quarter fiscal 2019 results on Jul 26.
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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? Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Urban Outfitters, Inc. (URBN): Free Stock Analysis Report DSW Inc. (DSW): 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 first-quarter fiscal 2019 results on Jul 26.
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Here Are the Deciding Factors Deckers is targeting profitable markets and remains focused on product innovations as well as store augmentation plan. Deckers Outdoor CorporationDECK is slated to report first-quarter fiscal 2019 results on Jul 26. Investors are counting on another beat by Deckers in the to-be-reported quarter.
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51f55271-37e9-4557-8b7e-a48ff7ff5828
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724327.0
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2018-07-23 00:00:00 UTC
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Factors Setting the Tone for Carter's (CRI) Q2 Earnings
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DECK
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https://www.nasdaq.com/articles/factors-setting-the-tone-for-carters-cri-q2-earnings-2018-07-23
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nan
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nan
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Carter's Inc.CRI is slated to release second-quarter 2018 results on Jul 26. In the last reported quarter, the company delivered positive earnings surprise of 12.3%.
A glimpse of the company's earnings performance in the trailing four quarters shows that it has outpaced estimates by an average positive surprise of 7.9%. Additionally, the company's surprise history reveals that it delivered an earnings beat in the last six quarters and topped sales estimates in eight of the last 10 quarters.
Carter's, Inc. Price and EPS Surprise
Carter's, Inc. Price and EPS Surprise | Carter's, Inc. Quote
However, the Zacks Consensus Estimate for the second quarter is pegged at 54 cents per share, reflecting a year-over-year decline of 31.7%. Moreover, consensus estimates have remained stable in the last 30 days. Analysts polled by Zacks anticipate total revenues of $684.1 million, which reflects a decline of 1.2% year over year.
While the company's Retail and International segments continue to reflect strength, weakness in the Wholesale segment, due to the bankruptcy of Toys "R" Us, has been a key concern for the stock. Consequently, the stock has declined 0.2% year to date, against the industry 's increase of 18.7%.
How Things are Shaping Up for This Announcement
Carter's has a robust surprise history, having delivered an earnings beat in 16 of the last 17 quarters while sales surpassed estimates in eight of the last 10 quarters. Though concerns over the Toys "R" Us liquidation remain, the company expects solid sales and earnings growth in 2018, driven by strong product offerings, investments in brand marketing and e-commerce capabilities, and gains from the new tax reform.
The company is gaining from its Retail Strategy, focused on improving store productivity, strengthening e-commerce business and enhancing product offerings by introducing extended sizes for the Carter's brand and expanding Skip Hop brand offerings. The company's Skip Hop and Age Up initiatives are likely to significantly drive retail sales growth in 2018. Additionally, the company is witnessing a positive response for its co-branded stores, which is a one-stop shop for families with young children. These stores have been the most productive lately, receiving the highest promoter scores and return on investment.
Moreover, Carter's continues to experience strong growth in its International business, as evident from solid growth witnessed in the first quarter. Gains from the segment are mostly driven by the strength in Skip Hop, Canada and Mexico.
Notably, more than 60% of the company's International sales come from Canada, which is likely to be the largest contributor to International growth in the next five years. Further, the company is on track with the integration of the Mexico business, which has been acquired in 2017. It anticipates about $30 million sales contribution from Mexico in 2018, with the potential to double its sales in the next five years. Moreover, the company expects China to generate about $20 million sales in 2018, with significant e-commerce sales growth through Tmall.
However, the closure of Toys "R" Us stores across the country is largely weighing on the performance of Carter's U.S. Wholesale segment that witnessed a sales decline of 4% in first-quarter 2018. Though the company expects to recapture lost sales to Toys "R" Us through its solid U.S. retail store presence of more than 18,000 in the long run, it anticipates the absence of planned sales to Toys "R" Us for 2018 to result in soft wholesale sales for the year.
This was well reflected in the company's trimmed sales forecast for the U.S. Wholesale business for 2018. The company now projects sales to decline in a low-single-digit range for the Wholesale segment compared with the previous outlook of low-single-digit growth. Additionally, the company's overall sales and earnings for the second quarter and 2018 are also likely to be hurt by the Toys "R" Us bankruptcy. Consequently, the company trimmed its earnings and sales growth guidance for 2018, each by nearly 2%. The company now forecasts growth of 3% for revenues and about 12% for adjusted earnings per share in 2018.
Further, the company's second-quarter guidance reflected impacts from an early Easter holiday that led to an increased retail demand in the first quarter, slower sales trends so far in the second quarter due to the colder weather and the absence of sales to Toys "R" Us. The company expects net sales of $680 million and adjusted earnings per share of 53 cents in the second quarter.
Additionally, higher SG&A expenses, due to continued investments in business growth and new initiatives, are weighing on the operating margin, which is likely to continue throughout 2018.
What the Zacks Model Unveils
Our proven model does not conclusively show that Carter's is likely to beat earnings estimates this quarter. 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 .
Carter's Earnings ESP of +2.30% and Zacks Rank #4 (Sell) make surprise prediction inconclusive.
Stocks Poised to Beat Earnings Estimates
Here are some companies that you may want to consider as our model shows that these have the right combination of elements to deliver an earnings beat:
Deckers Outdoor Corporation DECK has an Earnings ESP of +0.47% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
lululemon atheletica inc. LULU has an Earnings ESP of +1.91% and a Zacks Rank of 1.
Columbia Sportswear Company COLM has an Earnings ESP of +19.90% 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
lululemon athletica inc. (LULU): Free Stock Analysis Report
Carter's, Inc. (CRI): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): 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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Stocks Poised to Beat Earnings Estimates Here are some companies that you may want to consider as our model shows that these have the right combination of elements to deliver an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +0.47% and a Zacks Rank #1. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. Though concerns over the Toys "R" Us liquidation remain, the company expects solid sales and earnings growth in 2018, driven by strong product offerings, investments in brand marketing and e-commerce capabilities, and gains from the new tax reform.
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Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Poised to Beat Earnings Estimates Here are some companies that you may want to consider as our model shows that these have the right combination of elements to deliver an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +0.47% and a Zacks Rank #1. Carter's, Inc. Price and EPS Surprise Carter's, Inc. Price and EPS Surprise | Carter's, Inc. Quote However, the Zacks Consensus Estimate for the second quarter is pegged at 54 cents per share, reflecting a year-over-year decline of 31.7%.
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Stocks Poised to Beat Earnings Estimates Here are some companies that you may want to consider as our model shows that these have the right combination of elements to deliver an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +0.47% and a Zacks Rank #1. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. Though the company expects to recapture lost sales to Toys "R" Us through its solid U.S. retail store presence of more than 18,000 in the long run, it anticipates the absence of planned sales to Toys "R" Us for 2018 to result in soft wholesale sales for the year.
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Stocks Poised to Beat Earnings Estimates Here are some companies that you may want to consider as our model shows that these have the right combination of elements to deliver an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +0.47% and a Zacks Rank #1. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Carter's, Inc. (CRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. In the last reported quarter, the company delivered positive earnings surprise of 12.3%.
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fd3103e7-170f-439c-8f27-9fbae101789f
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724328.0
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2018-07-20 00:00:00 UTC
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Skechers (SKX) Crashes on Q2 Earnings Miss, Bleak View
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DECK
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https://www.nasdaq.com/articles/skechers-skx-crashes-on-q2-earnings-miss-bleak-view-2018-07-20
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nan
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nan
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Shares of Skechers USA Inc.SKX plunged roughly 25% during after-market trading hours on Jul 19, following the company's soft second-quarter 2018 results. This comprises sluggish performance across its domestic wholesale and international distributor businesses. Even management's statement of revival in both units during the second half of the year failed to lift investor spirit, which was bogged down further by muted third-quarter earnings view.
We note that shares of this Zacks Rank #3 (Hold) stock have declined 18% in the past six months compared with the industry that advanced 13%.
This Manhattan Beach, CA-based company's quarterly earnings fell short of analysts' expectations, following an in-line earnings in the preceding quarter. This designer, developer, marketer and distributor of footwear recorded earnings of 29 cents a share that missed the Zacks Consensus Estimate of 40 cents and management's projection of 38-43 cents. We also note that in spite of registering top-line growth, the bottom line declined 23.7% from 38 cents reported in the year-ago period on account of higher operating expenses, unfavorably foreign exchange impacts and a higher effective tax rate.
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
The company delivered net sales of $1,134.8 million that increased 10.6% from the year-ago quarter and also came marginally ahead of the Zacks Consensus Estimate of $1,132.7 million for the seventh straight quarter. Notably, the top line came within management's guidance of $1,120-$1,145 million. Sales for the quarter primarily benefited from healthy performances at the international wholesale business and company-owned global retail business.
Skechers prominent international markets, which includes Canada, China, South Korea, Germany, India, and the U.K., witnessed double-digit sales growth in the quarter under review. China remains one of the important markets with about 5.6 million pairs shipped in the quarter, roughly 775 Skechers freestanding stores, 2,350 points of sale, and a sturdy e-commerce business that registered double-digit growth.
Let's Delve Deep
Skechers' domestic e-commerce business contributed to sales growth in the quarter, registering an increase of 10.8%. The company currently operates e-commerce sites in Chile, Germany, the U.K., Spain and Canada.
Gross profit for the reported quarter grew 14.9% to $561 million, while gross margin expanded 180 basis points (bps) to 49.4%. Operating income came in at $81.4 million, down 5.7% from the prior-year quarter, while operating margin contracted 120 bps to 7.2%. This can be attributed to increased international advertising and distribution-related costs.
Segmental Sales Synopsis
Skechers' domestic wholesale revenues fell 7% year over year.
The international wholesale business revenues, which constituted 41% of total sales, advanced 24.9% on the back of a 34% rise in wholly-owned subsidiary and joint venture (JV) businesses, offset by 6.1% decline in distributor sales partly due to sluggishness in the Middle East. The company's JV business registered growth of 42.6%, while wholly-owned international subsidiary business grew by 23.1% for the quarter.
On a combined basis, global company-owned retail business sales grew 12.8% driven by comps growth of 4.5%. Domestic retail sales rose 7.2%, while International retail sales surged 25.5%. Comps increased 2.2% at domestic retail stores and 11.3% at international retail stores.
Store Update
Skechers operated 668 company-owned retail outlets globally, comprising 209 international locations at the end of the quarter under review. During the quarter, the company opened 12 stores and shuttered one domestic concept store. So far in the third quarter, the company has opened one store in Canada and one in Peru. Looking ahead, the company anticipates opening additional 30-35 company-owned SKECHERS stores and remodel or relocate 15-20 existing stores.
During the quarter, 107 third-party owned stores were opened and 36 stores were shuttered. So far in the third quarter, the company has opened 11 third-party owned stores and closed one with plans to open another 300-325 third-party owned SKECHERS branded stores in 2018.
Other Financial Aspects
Skechers ended the quarter with cash and cash equivalents of $844.8 million (up $108.4 million from Dec 31, 2017), long-term borrowings (net of current installments) of $70.2 million, and shareholders' equity of $1,971.1 million, excluding non-controlling interest of $142.4 million.
During the quarter, the company bought back roughly 510,000 shares at a cost of $15 million under its existing share buyback program. The company still has approximately $132 million as of Jun 30, 2018.
Capital expenditures incurred during the quarter were $25.3 million on store openings, remodels, international wholesale operations and expansion of domestic distribution center. Management now envisions capital expenditures of about $40-$45 million for the remainder of 2018, reflecting planned opening of stores, store remodeling projects and office renovation.
Outlook
Analysts pointed that bleak earnings projection for the third quarter also hurt investor sentiment. Management now projects earnings between 50 cents and 55 cents a share compared with 59 cents delivered in the year-ago period. We note that the company's guided range is significantly down from the current Zacks Consensus Estimate of 66 cents, which could witness a downward revision in the coming days.
Additionally, the company anticipates net sales in the band of $1,200-$1,225 million compared with $1,094.8 million reported in the prior-year quarter. Analysts polled by Zacks expect third-quarter net sales to be $1.24 billion.
Looking for High Performance Stocks
Deckers Outdoor DECK has a long-term earnings growth rate of 12.2% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Under Armour UAA has a long-term earnings growth rate of 20.7% and a Zacks Rank #1.
Wolverine World Wide WWW , with a long-term earnings growth rate of 10%, carries a Zacks Rank #2 (Buy).
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
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
Under Armour, Inc. (UAA): 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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Looking for High Performance Stocks Deckers Outdoor DECK has a long-term earnings growth rate of 12.2% 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 Under Armour, Inc. (UAA): Free Stock Analysis Report To read this article on Zacks.com click here. Skechers prominent international markets, which includes Canada, China, South Korea, Germany, India, and the U.K., witnessed double-digit sales growth in the quarter under review.
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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 Under Armour, Inc. (UAA): Free Stock Analysis Report To read this article on Zacks.com click here. Looking for High Performance Stocks Deckers Outdoor DECK has a long-term earnings growth rate of 12.2% 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 The company delivered net sales of $1,134.8 million that increased 10.6% from the year-ago quarter and also came marginally ahead of the Zacks Consensus Estimate of $1,132.7 million for the seventh straight quarter.
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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 Under Armour, Inc. (UAA): Free Stock Analysis Report To read this article on Zacks.com click here. Looking for High Performance Stocks Deckers Outdoor DECK has a long-term earnings growth rate of 12.2% 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 The company delivered net sales of $1,134.8 million that increased 10.6% from the year-ago quarter and also came marginally ahead of the Zacks Consensus Estimate of $1,132.7 million for the seventh straight quarter.
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Looking for High Performance Stocks Deckers Outdoor DECK has a long-term earnings growth rate of 12.2% 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 Under Armour, Inc. (UAA): Free Stock Analysis Report To read this article on Zacks.com click here. Comps increased 2.2% at domestic retail stores and 11.3% at international retail stores.
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45867efd-698c-4bf6-9a48-a472468b65e3
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724329.0
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2018-07-19 00:00:00 UTC
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Snap-on (SNA) Q2 Earnings Surpass Estimates, Sales Up Y/Y
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DECK
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https://www.nasdaq.com/articles/snap-on-sna-q2-earnings-surpass-estimates-sales-up-y-y-2018-07-19
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nan
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nan
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Snap-on IncorporatedSNA maintained its positive earnings surprise streak in second-quarter 2018. The company reported adjusted earnings of $3.11 per share, which surpassed the Zacks Consensus Estimate of $2.95 and improved 19.6% from the year-ago quarter's number.
On a GAAP basis, the company posted earnings of $3.12, which increased 20% on a year-over-year basis. The bottom line benefited from Snap-on's robust business model and focus on value-creation processes. Also, higher sales owing to gains from acquisitions and currency boosted the company's performance.
Snap-on Incorporated Price, Consensus and EPS Surprise
Snap-on Incorporated Price, Consensus and EPS Surprise | Snap-on Incorporated Quote
Consequently, shares of the company gained nearly 2% during pre-market trading . However, this Zacks Rank #4 (Sell) stock has lost 12.4% in the past six months, wider than the industry 's 11.5% decline.
Q2 in Detail
Net sales in the quarter increased 3.6% to $954.6 million but came slightly below the Zacks Consensus Estimate of $956.3 million. The year-over-year improvement in the metric was driven by organic sales growth of 1.3% along with gains from acquisitions and currency tailwinds.
Segment-wise, Commercial & Industrial Group sales improved 9% to $337.8 million. Organic sales were up 4.4%. Increased sales to customers in critical industries along with higher sales at European-based hand tools business drove organic sales. This was somewhat offset by weak sales at power tools.
Snap-on's Tools Group segment's sales continued to show weakness, declining 0.5% year over year to $411.9 million. Also, organic sales at the segment fell 1.5%, which was partly offset by currency tailwinds. Lower sales at the company's U.S. franchise business continued to drag the segment's growth. However, sales in the international franchise business remained flat.
Repair Systems & Information Group continued to display strength as sales climbed 1.5% year over year to $343.1 million. Meanwhile, organic sales at the segment improved slightly from the prior-year quarter number. Increase in sales of diagnostics and repair information products to independent repair shop owners drove the segment's top line. Also, sales to OEM dealerships remained flat. The uptick was largely compensated with lower sales at undercar equipment.
Meanwhile, the Financial Services business reported revenues of $82 million, up from $77.7 million in the year-ago quarter.
Further, the company's operating earnings before financial services totaled $193.1 million, up 5.1% from $183.7 million in the prior-year quarter.
Liquidity
At the end of the reported quarter, Snap-on's cash and cash equivalents summed $112.3 million compared with $92 million at 2017 end. The company's long-term debt came in at $945.4 million at quarter end, up from $753.6 million recorded at the end of 2017.
Looking Ahead
Management remains impressed with its quarterly results and expects to continue with these encouraging prospects in 2018. Snap-on is also making efforts to revive its performance at the Tools Group division. Additionally, the company expects to leverage on its capabilities in the automotive repair area besides strengthening its overall professional customer base.
Based on these factors, Snap-on still expects to incur capital expenditures in the band of $90-$100 million in 2018, of which $38.6 million was spent in the first half of the year. Further, the effective income tax rate is projected in the range of 24-25% for 2018.
Better-Ranked Stocks in the Consumer Discretionary Space
Deckers Outdoor Corporation DECK has pulled off an average positive earnings surprise of 70% in the trailing four quarters. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Wolverine World Wide, Inc. WWW delivered an average earnings beat of 24.9% in the last four quarters and carries a Zacks Rank #2 (Buy).
Nutrisystem, Inc. NTRI is also a Zacks Rank #2 stock, which has an impressive long-term earnings growth rate of 17.5%.
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
NutriSystem Inc (NTRI): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Snap-On Incorporated (SNA): 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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Better-Ranked Stocks in the Consumer Discretionary Space Deckers Outdoor Corporation DECK has pulled off an average positive earnings surprise of 70% in the trailing four quarters. Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Snap-On Incorporated (SNA): Free Stock Analysis Report To read this article on Zacks.com click here. The company reported adjusted earnings of $3.11 per share, which surpassed the Zacks Consensus Estimate of $2.95 and improved 19.6% from the year-ago quarter's number.
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Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Snap-On Incorporated (SNA): Free Stock Analysis Report To read this article on Zacks.com click here. Better-Ranked Stocks in the Consumer Discretionary Space Deckers Outdoor Corporation DECK has pulled off an average positive earnings surprise of 70% in the trailing four quarters. Snap-on Incorporated Price, Consensus and EPS Surprise Snap-on Incorporated Price, Consensus and EPS Surprise | Snap-on Incorporated Quote Consequently, shares of the company gained nearly 2% during pre-market trading .
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Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Snap-On Incorporated (SNA): Free Stock Analysis Report To read this article on Zacks.com click here. Better-Ranked Stocks in the Consumer Discretionary Space Deckers Outdoor Corporation DECK has pulled off an average positive earnings surprise of 70% in the trailing four quarters. Q2 in Detail Net sales in the quarter increased 3.6% to $954.6 million but came slightly below the Zacks Consensus Estimate of $956.3 million.
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Better-Ranked Stocks in the Consumer Discretionary Space Deckers Outdoor Corporation DECK has pulled off an average positive earnings surprise of 70% in the trailing four quarters. Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Snap-On Incorporated (SNA): Free Stock Analysis Report To read this article on Zacks.com click here. Increased sales to customers in critical industries along with higher sales at European-based hand tools business drove organic sales.
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1eafe82f-4a72-404c-b203-e9580bc024f5
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724330.0
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2018-07-17 00:00:00 UTC
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Carter's (CRI) Launches Carter's KID, Boosts Retail Strategy
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DECK
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https://www.nasdaq.com/articles/carters-cri-launches-carters-kid-boosts-retail-strategy-2018-07-17
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nan
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nan
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Carter's, Inc.CRI recently announced the launch of Carter's KID - a new product assortment with over 700 styles for both boys and girls. Notably, the Carter's KID apparel is available in sizes 4 to 14 with various styles, colors and graphics, and iconic quality.
Shoppers can avail Carter's KID assortments at carters.com in the United States, cartersoshkosh.ca in Canada as well as in the company's stores across North America and at retailers offering Carter's apparel.
The Carter's KID collection comes up with active and layering pieces to attract boys and girls, enabling them to show their independence and personality. Also, the collection features themes such as sports, emojis, unicorns, dinosaurs, gaming and many more to lure young children.
We note that the introduction of Carter's KID is likely to reinforce the company's position in the children's apparel category and boost its Retail strategy. Carter's Retail strategy remains focused on improving store productivity, strengthening e-commerce business and enhancing product offerings by introducing extended sizes for the Carter's brand and increasing Skip Hop brand offerings. The company's Skip Hop and Age Up initiatives are likely to significantly drive retail sales growth in 2018.
Additionally, Carter's is garnering a positive response for its co-branded stores, which is a one-stop shop for families with young children. In fact, these stores have been the most productive lately, receiving the highest promoter scores and return on investment. The company plans to open nearly 160 co-branded stores through 2022.
In the past three months, shares of this Zacks Rank #4 (Sell) company have gained 9.4% compared with the industry 's 12.2% rally. This underperformance may have been caused by the bankruptcy of Toys "R" Us, which is the company's key wholesale customer. The closure of Toys "R" Us stores across the country is largely weighing on the performance of Carter's U.S. Wholesale segment.
Better-Ranked Stocks in the Consumer Discretionary Space
Deckers Outdoor Corporation DECK pulled off an average positive earnings surprise of 70% in the last four quarters and sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Wolverine World Wide, Inc. WWW has delivered an average positive earnings surprise of 24.9% in the trailing four quarters. The company carries a Zacks Rank #2 (Buy).
Nutrisystem, Inc. NTRI , also a Zacks Rank #2 stock, has an impressive long-term earnings growth rate of 17.5%.
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
NutriSystem Inc (NTRI): Free Stock Analysis Report
Carter's, Inc. (CRI): 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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Better-Ranked Stocks in the Consumer Discretionary Space Deckers Outdoor Corporation DECK pulled off an average positive earnings surprise of 70% in the last four quarters and sports a Zacks Rank #1 (Strong Buy). Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Carter's, Inc. (CRI): 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. The Carter's KID collection comes up with active and layering pieces to attract boys and girls, enabling them to show their independence and personality.
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Better-Ranked Stocks in the Consumer Discretionary Space Deckers Outdoor Corporation DECK pulled off an average positive earnings surprise of 70% in the last four quarters and sports a Zacks Rank #1 (Strong Buy). Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Carter's, Inc. (CRI): 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. Wolverine World Wide, Inc. WWW has delivered an average positive earnings surprise of 24.9% in the trailing four quarters.
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Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Carter's, Inc. (CRI): 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. Better-Ranked Stocks in the Consumer Discretionary Space Deckers Outdoor Corporation DECK pulled off an average positive earnings surprise of 70% in the last four quarters and sports a Zacks Rank #1 (Strong Buy). Shoppers can avail Carter's KID assortments at carters.com in the United States, cartersoshkosh.ca in Canada as well as in the company's stores across North America and at retailers offering Carter's apparel.
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Better-Ranked Stocks in the Consumer Discretionary Space Deckers Outdoor Corporation DECK pulled off an average positive earnings surprise of 70% in the last four quarters and sports a Zacks Rank #1 (Strong Buy). Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Carter's, Inc. (CRI): 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. Carter's, Inc.CRI recently announced the launch of Carter's KID - a new product assortment with over 700 styles for both boys and girls.
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7b3eb4f3-ff98-4390-b753-a015b9b68afa
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724331.0
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2018-07-12 00:00:00 UTC
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Zacks.com highlights: Deckers Outdoor, WellCare Health Plans, Align Technology, Capstone Turbine and Twitter
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DECK
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https://www.nasdaq.com/articles/zacks.com-highlights%3A-deckers-outdoor-wellcare-health-plans-align-technology-capstone
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nan
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For Immediate Release
Chicago, IL - July 12, 2018 - Stocks in this week's article include: Deckers Outdoor Corp. DECK , WellCare Health Plans Inc. WCG , Align Technology Inc. ALGN , Capstone Turbine Corp. CPST and Twitter Inc. TWTR .
Screen of the Week of Zacks Investment Research:
5 Stocks to Enjoy Earnings Pre-Q2 Results
Now that a volley of Q2 earnings releases is around the corner, every investor must be looking for stocks that can beat market expectation. This is because investors always try to position themselves ahead of time and look to tap stocks that are high-quality in nature.
Why Is a Positive Earnings Surprise So Important?
Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations. After all, a 20% earnings rise (though apparently looks good) doesn't tell you if earnings growth has been exhibiting a decelerating trend.
Also, seasonal fluctuations come into play sometimes. If a company's Q1 is seasonally weak and Q4 strong, then it is likely to report a sequential earnings decline. In such cases, growth rates are misleading while judging the true health of a company.
On the other hand, after much brainstorming and analysis of companies' financials and initiatives, Wall Street analysts project earnings of companies. They in fact club their insights and a company's guidance when deriving an earnings estimate.
Thus, outperforming that estimate is almost equivalent to beating the company's own expectation as well as the market perception. And if the margin of earnings surprise is big, it typically drives the stock higher right after the release. Thus, more than anything else, an earnings surprise can push a stock higher.
How to Find Stocks that Can Beat?
Now, finding stocks that have the potential to beat on the bottom line may be investors' dream but not an easy job. One way to do this is to look at the earnings surprise history of the company.
An impressive track in this regard generally acts as a catalyst in sending a stock higher. It indicates the company's ability to surpass estimates. And investors generally believe that the company will apply the same secret sauce to execute yet another earning beat in its next release.
And that's what we're screening for today…
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/311016/5-stocks-to-enjoy-earnings-beat-before-q2-release
Get the remaining 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 back testing 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.
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
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Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://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 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
Twitter, Inc. (TWTR): Free Stock Analysis Report
Capstone Turbine Corporation (CPST): Free Stock Analysis Report
WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report
Align Technology, Inc. (ALGN): 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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For Immediate Release Chicago, IL - July 12, 2018 - Stocks in this week's article include: Deckers Outdoor Corp. DECK , WellCare Health Plans Inc. WCG , Align Technology Inc. ALGN , Capstone Turbine Corp. CPST and Twitter Inc. TWTR . Click to get this free report Twitter, Inc. (TWTR): Free Stock Analysis Report Capstone Turbine Corporation (CPST): Free Stock Analysis Report WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report Align Technology, Inc. (ALGN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations.
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For Immediate Release Chicago, IL - July 12, 2018 - Stocks in this week's article include: Deckers Outdoor Corp. DECK , WellCare Health Plans Inc. WCG , Align Technology Inc. ALGN , Capstone Turbine Corp. CPST and Twitter Inc. TWTR . Click to get this free report Twitter, Inc. (TWTR): Free Stock Analysis Report Capstone Turbine Corporation (CPST): Free Stock Analysis Report WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report Align Technology, Inc. (ALGN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. 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 Twitter, Inc. (TWTR): Free Stock Analysis Report Capstone Turbine Corporation (CPST): Free Stock Analysis Report WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report Align Technology, Inc. (ALGN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - July 12, 2018 - Stocks in this week's article include: Deckers Outdoor Corp. DECK , WellCare Health Plans Inc. WCG , Align Technology Inc. ALGN , Capstone Turbine Corp. CPST and Twitter Inc. TWTR . Screen of the Week of Zacks Investment Research: 5 Stocks to Enjoy Earnings Pre-Q2 Results Now that a volley of Q2 earnings releases is around the corner, every investor must be looking for stocks that can beat market expectation.
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Click to get this free report Twitter, Inc. (TWTR): Free Stock Analysis Report Capstone Turbine Corporation (CPST): Free Stock Analysis Report WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report Align Technology, Inc. (ALGN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - July 12, 2018 - Stocks in this week's article include: Deckers Outdoor Corp. DECK , WellCare Health Plans Inc. WCG , Align Technology Inc. ALGN , Capstone Turbine Corp. CPST and Twitter Inc. TWTR . Screen of the Week of Zacks Investment Research: 5 Stocks to Enjoy Earnings Pre-Q2 Results Now that a volley of Q2 earnings releases is around the corner, every investor must be looking for stocks that can beat market expectation.
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5b1e2ba0-96bc-40e2-96b3-710961efece0
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724332.0
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2018-07-10 00:00:00 UTC
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Steven Madden Trades Above Industry for 3 Months: Here's Why
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DECK
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https://www.nasdaq.com/articles/steven-madden-trades-above-industry-for-3-months%3A-heres-why-2018-07-10
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nan
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nan
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Shares of Steven Madden, Ltd.SHOO have not only gained but have also outperformed the industry and the overall sector in the past three months. This Zacks Rank #3 (Hold) stock has gained approximately 16.9% compared with the industry's rise of 11.6% and the overall sector's rally of 7.8%.
The company is leaving no stone unturned to boost the top and the bottom line. Notably, the company is focusing on expanding globally and enhancing product portfolio.
The company, which shares space with Iconix Brand Group, Inc. ICON , is taking several initiatives to grow globally. Notably, in the first quarter, the company witnessed 36% revenue growth internationally. The company's directly-owned subsidiaries in Canada and Mexico, SM Europe JV as well as the distributor business posted strong results.
Further, Steven Madden expects its international business to sustain momentum in 2018 on strategic investments. The company is optimistic about growth in the Middle East, Italy and India. The company expects Asia to be a major contributor to net sales despite the region's marginally low figures in the first quarter.
This Long Island City, NY based company continues to see robust growth at the Wholesale Footwear and Accessories segments.
In the last reported quarter, the company witnessed growth of 5.8% in the Wholesale Business, courtesy of Wholesale Footwear and Accessories. Per management, core Wholesale Footwear business maintains a robust performance and will continue to do so in the future. Further, management expects the Wholesale Accessories business to maintain the momentum backed by strength in Steve Madden handbag and owned-private label divisions.
Along with these, for 2018, management continues to expect net sales growth of 5-7%. Adjusted earnings are expected in the range of $2.60-$2.67 per share, indicating an improvement from $2.24 in 2017.
Looking for Hot Stocks? Consider These
Deckers Outdoor Corp. DECK has a Zacks Rank #1 (Strong Buy). The company has a long-term expected earnings growth rate of 12.2%. You can see the complete list of today's Zacks #1 Rank stocks here .
Wolverine World Wide, Inc. WWW has a long-term earnings growth rate of 10% and a Zacks Rank #2 (Buy).
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
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report
Steven Madden, Ltd. (SHOO): 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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Consider These Deckers Outdoor Corp. DECK has a Zacks Rank #1 (Strong Buy). Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report To read this article on Zacks.com click here. The company's directly-owned subsidiaries in Canada and Mexico, SM Europe JV as well as the distributor business posted strong results.
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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 Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report To read this article on Zacks.com click here. Consider These Deckers Outdoor Corp. DECK has a Zacks Rank #1 (Strong Buy). In the last reported quarter, the company witnessed growth of 5.8% in the Wholesale Business, courtesy of Wholesale Footwear and Accessories.
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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 Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report To read this article on Zacks.com click here. Consider These Deckers Outdoor Corp. DECK has a Zacks Rank #1 (Strong Buy). This Long Island City, NY based company continues to see robust growth at the Wholesale Footwear and Accessories segments.
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Consider These Deckers Outdoor Corp. DECK has a Zacks Rank #1 (Strong Buy). Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, in the first quarter, the company witnessed 36% revenue growth internationally.
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041e51a0-e925-4a5d-ad01-16b17b0d0ede
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724333.0
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2018-07-09 00:00:00 UTC
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Deckers Banks on Omni-Channel Expansion, Strategic Plans
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DECK
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https://www.nasdaq.com/articles/deckers-banks-on-omni-channel-expansion-strategic-plans-2018-07-09
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nan
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nan
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In order to keep up with changing trends, Deckers Outdoor CorporationDECK focuses on enhancing omni-channel capabilities, product innovation and store expansion. This Zacks Rank #1 (Strong Buy) company has been constantly developing its e-commerce portal to capture incremental sales.
The company has made substantial investments to strengthen its online presence and improve shopping experience for its customers. The company is focused on opening smaller concept omni-channel outlets and expanding programs such as Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect to enhance customers' shopping experience.
Further, the company, which shares space with Steven Madden, Ltd. SHOO , had announced plans to optimize its store fleet by focusing on striking a balance between digital and physical stores. Toward this, Deckers has chalked out plans to close approximately 30 to 40 outlets over the next two years. Moreover, management expects cost savings of about $150 million on improvement in cost of goods sold and SG&A savings. This will help realize $100 million in operating profit improvement by fiscal 2020.
For fiscal 2019, management anticipates net sales in the band of $1,925-$1,950 million, reflecting year-over-year growth of about 2%. Further, adjusted earnings are projected at $6.20-$6.40 per share, up from $5.74 reported in fiscal 2018. Gross margin for the fiscal is expected to be marginally better than 49%. Operating margin is envisioned in the range of 12.6-12.8% for fiscal 2019 compared with 12.4% reported in the prior fiscal.
These endeavors have helped the company's shares gain 19.8% in the past three months, outperforming the industry 's increase of 11.6% and the S&P 500's rise of 4.2%.
Looking for Other Hot Stocks? Consider These
Wolverine World Wide, Inc. WWW has a long-term earnings growth rate of 10% and carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Iconix Brand Group, Inc. ICON has a Zacks Rank #2. The company has an impressive average positive earnings surprise of 188.2% for the last four quarters.
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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
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report
Steven Madden, Ltd. (SHOO): 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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In order to keep up with changing trends, Deckers Outdoor CorporationDECK focuses on enhancing omni-channel capabilities, product innovation and store expansion. Toward this, Deckers has chalked out plans to close approximately 30 to 40 outlets over the next two years. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report To read this article on Zacks.com click here.
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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 Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report To read this article on Zacks.com click here. In order to keep up with changing trends, Deckers Outdoor CorporationDECK focuses on enhancing omni-channel capabilities, product innovation and store expansion. Toward this, Deckers has chalked out plans to close approximately 30 to 40 outlets over the next two years.
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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 Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report To read this article on Zacks.com click here. In order to keep up with changing trends, Deckers Outdoor CorporationDECK focuses on enhancing omni-channel capabilities, product innovation and store expansion. Toward this, Deckers has chalked out plans to close approximately 30 to 40 outlets over the next two years.
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In order to keep up with changing trends, Deckers Outdoor CorporationDECK focuses on enhancing omni-channel capabilities, product innovation and store expansion. Toward this, Deckers has chalked out plans to close approximately 30 to 40 outlets over the next two years. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report To read this article on Zacks.com click here.
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e6d36d57-cd8f-4ceb-ac97-b4e08691e86c
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724334.0
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2018-06-29 00:00:00 UTC
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NIKE's (NKE) North America Unit Drives Q1 Earnings, Stock Up
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DECK
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https://www.nasdaq.com/articles/nikes-nke-north-america-unit-drives-q1-earnings-stock-up-2018-06-29
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nan
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nan
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Shares of NIKE Inc.NKE have soared 10.2% in the after-hours session, yesterday, as both earnings and sales topped estimates in fourth-quarter fiscal 2018. The reported quarter reflected significant momentum, backed by solid execution of Consumer Direct Offense - due to innovation and focus on direct-to-customer. These efforts helped return North America business to growth in the fiscal fourth quarter while also driving growth at international and NIKE Direct businesses.
Moreover, NIKE's stock has rallied 14.6% year to date, surpassing the industry 's increase of 11.5%.
Earnings & Revenues
This athletic apparel, footwear and accessory retailer's fourth-quarter earnings per share of 69 cents rose 15% year over year and surpassed the Zacks Consensus Estimate of 64 cents. This marked its 24th straight earnings beat. Earnings benefited from solid sales growth, improved gross margin, lower tax rate and reduced share count. However, higher SG&A expenses 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 13% to $9,789 million, beating the Zacks Consensus Estimate of $9,393 million. This was primarily driven by double-digit growth at international locations and global NKE Direct business as well as a return to growth in North America. Sales grew 8% on a currency-neutral basis.
Revenues for the NIKE Brand increased 14% to $9,269 million while constant-dollar revenues for the brand were up 9%. Results gained from double-digit growth in NIKE Direct and international regions as well as Sportswear and Global Football. Further, return to healthy, sustainable growth in North America aided results.
Specifically, the international business witnessed 23% growth, with 35% increase in Greater China. NKE Direct grew 41%, with currency-neutral revenue growth of 34% in the fiscal fourth quarter. Growth in international and digital businesses was mainly driven by the execution of Consumer Direct Offense - mostly new product launches and focus on direct-to-customer. Additionally, the company's 3% revenue growth in North America was backed by innovative platforms, strong Digital growth, sustained momentum in Sportswear and growth across Apparel business.
However, revenues at the Converse brand dropped 8% to $512 million, owing to declines in all territories except Asia. On a currency-neutral basis, revenues declined 14%.
Costs & Margins
Gross profit improved 15% to $4,378 million while gross margin expanded 60 basis points (bps) to 44.7%. The expansion occurred mainly due to an increase in average selling prices, margin growth at NIKE Direct and higher full-price sales.
Selling and administrative expenses rose 17% to $3,120 million on account of higher operating overheads and demand creation expenses. Demand creation expenses increased 25% year over year to $983 million due to higher sports marketing investments, brand campaigns and new product launches alongside increased foreign-currency headwinds. Operating overheads rose 14%, owing to continued investments in global operations and capabilities to aid Consumer Direct Offense as well as unfavorable currency rates.
Balance Sheet & Shareholder-Friendly Moves
NIKE ended fiscal 2018 with cash and short-term investments of $5,245 million, long-term debt (excluding current maturities) of $3,468 million, and shareholders' equity of $9,812 million. Inventories as of May 31, 2018, grew nearly 4% to $5,261 million.
In the fiscal fourth quarter, NIKE bought back 23.1 million shares for $1.6 billion under its four-year $12-billion program that was approved in November 2015. As of May 31, the company's total repurchases under the program amounted to 149.4 million shares for roughly $8.7 billion.
The company has also authorized a new four-year $15-billion share-repurchase program, which will start when the existing program is completed. The company expects the current program to be completed within fiscal 2019.
Outlook
Following a strong fiscal fourth quarter, the return of North America to growth and continued progress on its Consumer Direct Offense, the company raised its revenue guidance for fiscal 2019. The company now expects revenue growth in a high-single digit compared with its initial guidance of mid-to-high single digit growth. The raised view is mainly driven by the increasing consumer demand for NIKE. However, currency rates may remain headwinds for the company.
Further, the company expects gross margin expansion of 50 bps or slightly higher, backed by more full-price sales, higher average selling prices and growth in NIKE Direct business, partly negated by increased input costs. Further, the company expects SG&A expenses to increase nearly at par with revenue growth but it is not targeting SG&A leverage. Increased investments in digital experiences and capabilities, product innovation, and brand marketing should result in higher SG&A expenses. Other expenses, net of interest expenses, are anticipated to be $125-$150 million of expenses in fiscal 2019.
For first-quarter fiscal 2019, the company expects revenue growth to be in line with the fiscal 2019 forecast. Gross margin expansion in the first half of fiscal 2019 is expected to be lesser than the second half. Moreover, SG&A expenses will be higher in the first half, due to increased investments, owing to key consumer and sports events like the World Cup.
Zacks Rank & Stocks to Consider
NIKE currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same industry are Decker's Outdoor Corporation DECK , sporting a Zacks Rank #1 (Strong Buy), Iconix Brand Group, Inc. ICON 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 .
Decker's, with long-term earnings per share growth rate of 12.2%, surged 28.9% in the last three months.
Iconix Brand Group has delivered average positive earnings surprise of 188.2% in the trailing four quarters. Further, the company has a VGM Score of A.
Wolverine World Wide has advanced 22.4% in the last three months. The stock has a long-term growth rate of 10%.
Wall Street's Next Amazon
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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
NIKE, Inc. (NKE): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Iconix Brand Group, Inc. (ICON): 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 Decker's Outdoor Corporation DECK , sporting a Zacks Rank #1 (Strong Buy), Iconix Brand Group, Inc. ICON and Wolverine World Wide, Inc. WWW , both carrying a Zacks Rank #2 (Buy). Decker's, with long-term earnings per share growth rate of 12.2%, surged 28.9% in the last three months. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): 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 Decker's Outdoor Corporation DECK , sporting a Zacks Rank #1 (Strong Buy), Iconix Brand Group, Inc. ICON 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 Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Decker's, with long-term earnings per share growth rate of 12.2%, surged 28.9% in the last three months.
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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 Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same industry are Decker's Outdoor Corporation DECK , sporting a Zacks Rank #1 (Strong Buy), Iconix Brand Group, Inc. ICON and Wolverine World Wide, Inc. WWW , both carrying a Zacks Rank #2 (Buy). Decker's, with long-term earnings per share growth rate of 12.2%, surged 28.9% in the last three months.
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Some better-ranked stocks in the same industry are Decker's Outdoor Corporation DECK , sporting a Zacks Rank #1 (Strong Buy), Iconix Brand Group, Inc. ICON and Wolverine World Wide, Inc. WWW , both carrying a Zacks Rank #2 (Buy). Decker's, with long-term earnings per share growth rate of 12.2%, surged 28.9% in the last three months. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report To read this article on Zacks.com click here.
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4c5c6084-38fc-4694-8939-f5998890caa9
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724335.0
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2018-06-25 00:00:00 UTC
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What's in Store for Shaw Communications (SJR) in Q3 Earnings?
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DECK
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https://www.nasdaq.com/articles/whats-in-store-for-shaw-communications-sjr-in-q3-earnings-2018-06-25
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nan
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nan
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Shaw CommunicationsSJR is scheduled to release third-quarter fiscal 2018 results on Jun 28.
In the last reported quarter, the company's adjusted earnings of 40 cents per share surpassed the Zacks Consensus Estimate by 17 cents. The figure surged almost 68% from the year-ago quarter.
Notably, Shaw Communications has beaten the Zacks Consensus Estimate in three of the trailing four quarters, with an average positive earnings surprise of 13.57%.
The Zacks Consensus Estimate for third-quarter earnings is currently pegged at 28 cents per share.
Let's see how things are shaping up, prior to this announcement.
Shaw Communications Inc. Price and EPS Surprise
Shaw Communications Inc. Price and EPS Surprise | Shaw Communications Inc. Quote
Factors at Play
Shaw Communications' wireless business is benefiting from higher post-paid revenue generating units (RGUs) and an improvement in average revenue per unit (ARPU). The company's wireless operations cover almost half of the Canadian population.
Also, the acquisition of Freedom Mobile has been a major growth driver. The acquisition provided Shaw Communications the necessary economies of scale, crucial spectrums, a strong retail distribution chain and an installed base of wireless networks.
Moreover, we are bullish about the company's initiative of deploying 700 MHz and 2500 MHz spectrum, which further improves the network quality.
However, Shaw Communications continues to lose subscribers in the wireline segment, which can hurt top-line growth in the going-to-be-reported quarter. Moreover, margin contraction in the wireline segment, due to challenging consumer video environment, is a major concern.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP . The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
Shaw Communications has a Zacks Rank #3 and an Earnings ESP of +8.43%, which indicates a likely positive surprise. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Stocks With Favorable Combination
Here are few stocks which, as per our model, has the right combination of elements to post an earnings beat this quarter:
IMAX CorpIMAX has an Earnings ESP of +1.63% and a Zacks Rank of 1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Weight Watchers International WTW has an Earnings ESP of +1.81% and a Zacks Rank of 1.
Deckers Outdoor DECK has an Earnings ESP of +0.59% and a Zacks Rank of 1.
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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
Shaw Communications Inc. (SJR): Free Stock Analysis Report
IMAX Corporation (IMAX): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Weight Watchers International Inc (WTW): 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 an Earnings ESP of +0.59% and a Zacks Rank of 1. Click to get this free report Shaw Communications Inc. (SJR): Free Stock Analysis Report IMAX Corporation (IMAX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Weight Watchers International Inc (WTW): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Shaw Communications has beaten the Zacks Consensus Estimate in three of the trailing four quarters, with an average positive earnings surprise of 13.57%.
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Click to get this free report Shaw Communications Inc. (SJR): Free Stock Analysis Report IMAX Corporation (IMAX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Weight Watchers International Inc (WTW): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor DECK has an Earnings ESP of +0.59% and a Zacks Rank of 1. In the last reported quarter, the company's adjusted earnings of 40 cents per share surpassed the Zacks Consensus Estimate by 17 cents.
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Click to get this free report Shaw Communications Inc. (SJR): Free Stock Analysis Report IMAX Corporation (IMAX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Weight Watchers International Inc (WTW): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor DECK has an Earnings ESP of +0.59% and a Zacks Rank of 1. Shaw Communications Inc. Price and EPS Surprise Shaw Communications Inc. Price and EPS Surprise | Shaw Communications Inc. Quote Factors at Play Shaw Communications' wireless business is benefiting from higher post-paid revenue generating units (RGUs) and an improvement in average revenue per unit (ARPU).
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Deckers Outdoor DECK has an Earnings ESP of +0.59% and a Zacks Rank of 1. Click to get this free report Shaw Communications Inc. (SJR): Free Stock Analysis Report IMAX Corporation (IMAX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Weight Watchers International Inc (WTW): Free Stock Analysis Report To read this article on Zacks.com click here. Shaw Communications Inc. Price and EPS Surprise Shaw Communications Inc. Price and EPS Surprise | Shaw Communications Inc. Quote Factors at Play Shaw Communications' wireless business is benefiting from higher post-paid revenue generating units (RGUs) and an improvement in average revenue per unit (ARPU).
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93c9aee7-3393-4595-9166-34d89bc262ea
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724336.0
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2018-06-25 00:00:00 UTC
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Here's Why Steven Madden Is on a Tear Since Q1 Earnings
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DECK
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https://www.nasdaq.com/articles/heres-why-steven-madden-is-on-a-tear-since-q1-earnings-2018-06-25
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nan
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nan
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Steven Madden, Ltd.SHOO is leaving no stone unturned to boost the top and the bottom line. Notably, the company is focusing on efforts to expand globally and enhance product portfolio. The company, based in Long Island City, NY, continues to witness robust growth in the Wholesale Footwear and Accessories segments. Apart from these, a reaffirmed guidance instils optimism in the stock.
A glimpse at this Zacks Rank #2 (Buy) stock's performance reveals that it has surged roughly 22% in the past three months. The stock has not only outperformed the industry' s rise of 9.9% but also the overall sector 's 7.5%. Currently, the company's stock is trading near its 52-week high of $55.50 and there is a possibility that it will surpass the mark in the near term.
Factors Driving the Stock
Better-than-Expected Q1 Results
The company's adjusted earnings per share of 54 cents not only beat the Zacks Consensus Estimate of 50 cents but also increased 14.9% on a year-over-year basis. This upside can be primarily attributed to the rise in net sales of 6.2% to $389 million. The sales figure also exceeded the Zacks Consensus Estimate.
Notably, this marked the second straight quarter of earnings and revenue beat. Out of the trailing seven quarters, the company's earnings surpassed the consensus mark in five quarters and sales surpassed the same in all seven. Management continues to expect net sales growth of 5-7%. Adjusted EPS is expected in the range of $2.60-$2.67, indicating a rise from $2.24 in 2017.
Strong International Performance
The company, which shares space with Deckers Outdoor Corp. DECK , is consistently focusing to expand its business globally. Notably, in the first quarter, the company witnessed 36% revenue growth internationally. The company's directly-owned subsidiaries in Canada and Mexico, SM Europe JV as well as the distributor business posted strong results.
Steven Madden expects international business to sustain its momentum in 2018 on strategic investments. The company is optimistic about growth in the Middle East, Italy and India. The company expects Asia to be a major contributor to net sales despite the region posting marginally low figures in the first quarter.
Strong Wholesale Business
In the first quarter, the company witnessed growth of 5.8% in the wholesale business, courtesy of Wholesale Footwear and Accessories. Per management, core Wholesale Footwear business maintains a robust performance and will continue to do so in the future. Further, management expects the Wholesale Accessories business to keep up the momentum, courtesy of strength in Steve Madden handbag and owned-private label division.
Addition of Anne Klein Footwear and Handbags
The company signed an agreement to become the licensee for Anne Klein footwear and handbags this year in January. Management expects this addition to generate $80-$90 million in net sales in the first 12 months of shipping. The company projects breakeven in 2018, with profit contribution in 2019.
2 Hot Stocks to Watch
Columbia Sportswear Co. COLM delivered an average positive earnings surprise of 18.1% in the trailing four quarters. It has a long-term earnings growth rate of 11.1% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Fossil Group FOSL delivered an average positive earnings surprise of 54.1% in the trailing four quarters.It carries 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
Fossil Group, Inc. (FOSL): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Steven Madden, Ltd. (SHOO): 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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Strong International Performance The company, which shares space with Deckers Outdoor Corp. DECK , is consistently focusing to expand its business globally. Click to get this free report Fossil Group, Inc. (FOSL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. The company, based in Long Island City, NY, continues to witness robust growth in the Wholesale Footwear and Accessories segments.
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Click to get this free report Fossil Group, Inc. (FOSL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. Strong International Performance The company, which shares space with Deckers Outdoor Corp. DECK , is consistently focusing to expand its business globally. Factors Driving the Stock Better-than-Expected Q1 Results The company's adjusted earnings per share of 54 cents not only beat the Zacks Consensus Estimate of 50 cents but also increased 14.9% on a year-over-year basis.
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Click to get this free report Fossil Group, Inc. (FOSL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. Strong International Performance The company, which shares space with Deckers Outdoor Corp. DECK , is consistently focusing to expand its business globally. Out of the trailing seven quarters, the company's earnings surpassed the consensus mark in five quarters and sales surpassed the same in all seven.
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Strong International Performance The company, which shares space with Deckers Outdoor Corp. DECK , is consistently focusing to expand its business globally. Click to get this free report Fossil Group, Inc. (FOSL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. Out of the trailing seven quarters, the company's earnings surpassed the consensus mark in five quarters and sales surpassed the same in all seven.
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1a0ab362-c063-4c1e-afce-c07bc771b93e
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724337.0
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2018-06-25 00:00:00 UTC
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Why Is Deckers Outdoor (DECK) Up 17.6% Since Its Last Earnings Report?
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DECK
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https://www.nasdaq.com/articles/why-is-deckers-outdoor-deck-up-17.6-since-its-last-earnings-report-2018-06-25
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nan
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nan
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It has been about a month since the last earnings report for Deckers Outdoor CorporationDECK . Shares have added about 17.6% in that time frame.
Will the recent positive trend continue leading up to its next earnings release, or is DECK due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Deckers Beats Earnings Estimates in Q4, Guides FY19
Deckers Outdoor Corporation delivered better-than-expected fourth-quarter fiscal 2018 results driven by sturdy sales performance across UGG, HOKA ONE ONE, Teva and Sanuk brands. This footwear and apparel retailer reported adjusted earnings of 50 cents a share that beat the Zacks Consensus Estimate of 18 cents for the fifth straight quarter and surged considerably from 11 cents in the year-ago period.
The top line also sustained its winning streak improving 8.4% to $400.7 million during the quarter, following an increase of 6.6% in the preceding quarter. Net sales also came ahead of the Zacks Consensus Estimate of $377.3 million, marking the fifth straight quarter of positive surprise. On a constant currency basis, net sales grew 6.6%.
Deckers in the last quarter had guided net sales in the range of $370-$375 million and envisioned earnings in the range of 15-20 cents per share. Instead, this Goleta, CA-based company went on to post far better results than anticipated.
Gross margin expanded 500 basis points to 48% driven by fewer closeout sales, improved promotional environment, enhanced supply chain and a favorable channel mix. Adjusted SG&A expenses were $172.5 million up from $153.9 million for the same period last year on account of higher incentive compensation along with increased marketing and sales related expenses.
Adjusted operating income soared to $19.9 million from $5.1 million in the year-ago quarter, while adjusted operating margin increased 360 basis points to 5%.
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.
Management had earlier projected cost savings of about $150 million on the back of improvement in cost of goods sold and SG&A savings, which includes consolidation of retail outlets and process improvement efficiencies. This will help realize $100 million operating profit improvement by fiscal 2020. The company anticipates total sales of about $2 billion with operating margin of at least 13% by fiscal 2020.
Sales by Geography & Channel
The company's domestic net sales jumped 8.3% to $249 million in the reported quarter. Meanwhile, international net sales rose 8.7% to $151.7 million.
Direct-to-Consumer ("DTC") net sales advanced 18.1% to $177.6 million. DTC comparable sales rose 15% year over year. Wholesale net sales in the reported quarter grew 1.8% to $223.1 million.
Brand-Wise Discussion
UGG brand net sales increased 6% to $257.5 million in the reported quarter. Net sales for the Sanuk brand, known for its exclusive sandals and shoes, came in at $35.6 million, up 10.3% year over year.
HOKA ONE ONE brand net sales surged 34.1% to $50.4 million, while Teva brand net sales grew 7.3% to $55 million.
Other Financial Aspects
At the end of the quarter, Deckers had cash and cash equivalents of $430 million, total short-term borrowings and mortgage payable of $32.1 million and shareholders' equity of $940.8 million. Inventories remained almost flat at $299.6 million.
During the quarter under review, Deckers bought back approximately 1.34 million shares of worth $125 million. As of Mar 31, 2018, the company had $251 million remaining under its $400 million share buyback program. Management expects to incur capital expenditures of approximately $35-$40 million during fiscal 2019.
Guidance
Management now anticipates net sales to be in the band of $1,925-$1,950 million, reflecting year-over-year growth of about 2%. The company expects revenues from UGG and Teva brands to be down in low-single digits and high single digits, respectively. Sales from HOKA brand is projected to improve in the mid-20% range, while sales at Sanuk brand is expected to remain flat. DTC comparable sales are also expected to remain flat.
Further, adjusted earnings are projected to be in the range of $6.20-$6.40 per share, which portrays an improvement over $5.74 reported in fiscal 2018. Gross margin for the fiscal year is anticipated to be marginally better than 49%. Further, SG&A expense as a percentage of sales is projected to be marginally better than 36.5%. Operating margin is envisioned to be in the range of 12.6-12.8%.
In the first quarter, net sales are estimated to be in the range of $225-$235 million compared with $209.7 million reported in the year-ago period. Management forecasts loss in the range of approximately $1.41-$1.50 compared with loss of $1.28 per share incurred in the prior-year quarter.
How Have Estimates Been Moving Since Then?
In the past month , investors have witnessed a downward trend in fresh estimates. There have been two revisions lower for the current quarter. In the past month, the consensus estimate has shifted downward by 7.5% due to these changes.
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote
VGM Scores
At this time, DECK has a subpar Growth Score of D, a grade with the same score on the momentum front. Following the exact same course, the stock was also allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Our style scores indicate investors will probably be better served looking elsewhere.
Outlook
Estimates have been broadly trending downward for the stock and the magnitude of these revisions indicates a downward shift. Notably, DECK has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.
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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 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. It has been about a month since the last earnings report for Deckers Outdoor CorporationDECK . Will the recent positive trend continue leading up to its next earnings release, or is DECK due for a pullback?
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Deckers Beats Earnings Estimates in Q4, Guides FY19 Deckers Outdoor Corporation delivered better-than-expected fourth-quarter fiscal 2018 results driven by sturdy sales performance across UGG, HOKA ONE ONE, Teva and Sanuk brands. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote VGM Scores At this time, DECK has a subpar Growth Score of D, a grade with the same score on the momentum front. It has been about a month since the last earnings report for Deckers Outdoor CorporationDECK .
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Deckers in the last quarter had guided net sales in the range of $370-$375 million and envisioned earnings in the range of 15-20 cents per share. It has been about a month since the last earnings report for Deckers Outdoor CorporationDECK . Will the recent positive trend continue leading up to its next earnings release, or is DECK due for a pullback?
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It has been about a month since the last earnings report for Deckers Outdoor CorporationDECK . Will the recent positive trend continue leading up to its next earnings release, or is DECK due for a pullback? Deckers Beats Earnings Estimates in Q4, Guides FY19 Deckers Outdoor Corporation delivered better-than-expected fourth-quarter fiscal 2018 results driven by sturdy sales performance across UGG, HOKA ONE ONE, Teva and Sanuk brands.
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2d9bedc6-97da-4cde-8d0e-319258ebc675
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724338.0
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2018-06-22 00:00:00 UTC
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Deckers (DECK) Crafts 52-Week High on Strategic Initiatives
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DECK
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https://www.nasdaq.com/articles/deckers-deck-crafts-52-week-high-on-strategic-initiatives-2018-06-22
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nan
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nan
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Shares of Deckers Outdoor CorporationDECK scaled a 52-week high of $122.98 on Jun 21, closing a tad lower at $121.94. Notably, the company's shares have rallied 18.6% in the past month, outperforming the industry 's growth of 6.1%. It is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing its e-commerce capabilities.
Deckers' focus on targeting consumers digitally and optimizing its omni-channel distribution bodes well. In line with the changing trends, the company has been constantly developing its e-commerce portal to bolster sales. It has made substantial investments to strengthen its online presence and improve shopping experience.
This Zacks Rank #1 (Strong Buy) company is focused on opening smaller concept omni-channel outlets and expanding programs, such as Retail Inventory Online, Infinite UGG, Buy Online, Return In Store, and Click and Collect, to enhance customers' shopping experience.
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote
Apart from these, management's long-term target has instilled confidence in the stock. Management had earlier informed that it expects total sales of about $2 billion, with an operating margin of 13%, by fiscal 2020.
For fiscal 2019, management now anticipates net sales in the band of $1,925-$1,950 million, reflecting year-over-year growth of about 2%. Further, adjusted earnings are projected at $6.20-$6.40 per share, up from $5.74 reported in fiscal 2018. Gross margin for the fiscal is anticipated to be marginally better than 49%. Operating margin is envisioned to be in the range of 12.6-12.8% during fiscal 2019 compared with 12.4% reported in prior fiscal.
As part of the company's store-fleet optimization plan, Deckers had earlier discussed plans to close approximately 30 to 40 outlets over the next two years. By fiscal 2020, Deckers expects company-owned fleet of approximately 125 stores worldwide. These actions are likely to boost profits and shareholders' return, as well as enhance brand and store performance. Moreover, management expects cost savings of about $150 million on the back of improvement in cost of goods sold and SG&A savings.
Looking for Other Hot Stocks? Consider These
Rocky Brands, Inc. RCKY pulled off an outstanding average positive earnings surprise of 264.6% over the trailing four quarters and sports a Zacks Rank of 1. You can see the complete list of today's Zacks #1 Rank stocks here .
Iconix Brand Group, Inc. ICON carries a Zacks Rank #2 (Buy). The company delivered an impressive average positive earnings surprise of 188.2% in the last four quarters.
Steven Madden, Ltd. SHOO has a long-term earnings growth rate of 10.7% and carries a Zacks Rank #2.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report
Steven Madden, Ltd. (SHOO): 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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Shares of Deckers Outdoor CorporationDECK scaled a 52-week high of $122.98 on Jun 21, closing a tad lower at $121.94. Deckers' focus on targeting consumers digitally and optimizing its omni-channel distribution bodes well. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Apart from these, management's long-term target has instilled confidence in the stock.
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Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Apart from these, management's long-term target has instilled confidence in the stock. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor CorporationDECK scaled a 52-week high of $122.98 on Jun 21, closing a tad lower at $121.94.
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Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Apart from these, management's long-term target has instilled confidence in the stock. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor CorporationDECK scaled a 52-week high of $122.98 on Jun 21, closing a tad lower at $121.94.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor CorporationDECK scaled a 52-week high of $122.98 on Jun 21, closing a tad lower at $121.94. Deckers' focus on targeting consumers digitally and optimizing its omni-channel distribution bodes well.
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91abbf1d-07c3-40d2-874c-1ad43487467c
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724339.0
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2018-06-14 00:00:00 UTC
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Are World Cup Fever & Strong Fundamentals Favoring NIKE?
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DECK
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https://www.nasdaq.com/articles/are-world-cup-fever-strong-fundamentals-favoring-nike-2018-06-14
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nan
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nan
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The FIFA World Cup 2018, kicking off in Russia on Jun 14, has a lot in store for the teams, players, sponsors as well as viewers. When speaking of the sponsors, NIKE Inc.NKE is sure to grab a lot of attention through the month-long event, given its heavy spending to become soccer powerhouse since the World Cup 1994 held in the United States.
NIKE's strategy has mostly been focused on acquiring sponsorships for various sporting events across the globe. The company benefits from this strategy, which is largely visible in its top-line performance. Further, the company has made significant progress on its Consumer Direct Offense strategy, positioning it for robust growth in the future.
These factors have collectively led shares of the swoosh brand owner to gain 18.5% year to date, outperforming the industry that grew 15.5%. The company's performance graph is to a great extent influenced by strength in international business and the global NIKE Direct business.
Top and Bottom Line Reflect Strength
NIKE delivered top- and bottom-line beat in third-quarter fiscal 2018, marking the 23rd straight earnings beat. It has recorded an average surprise of 22.5% in the trailing four quarters. Further, revenues topped estimates in the trailing four quarters. The company's revenues and gross margin also exceeded guidance, driven by the launch of products and innovation platforms that will scale over time. This resulted in double-digit revenue growth across international geographies, led by Greater China.
NIKE, Inc. Price, Consensus and EPS Surprise
NIKE, Inc. Price, Consensus and EPS Surprise | NIKE, Inc. Quote
Further, it closed the third quarter with expectations of a trend reversal in its North America business in the fourth quarter, backed by the introduction of innovation platforms and differentiated customer experiences in the marketplace. Consequently, it provided robust guidance for fourth-quarter fiscal 2018 and initial view for fiscal 2019.
Strategies Supporting NIKE's Growth
NIKE remains on track with its Triple Double and Consumer Direct Offense strategies, which position it well for strong global demand for athletic footwear and apparel. The company is building momentum across its operating regions by making the right product available at the right time and establishing a direct connection with consumers. Thus, the company is focused on the key aspects of its triple-double strategy - 2x innovation, 2x direct and 2x speed.
Powered by this strategy, the company is progressing on its Consumer Direct Offense by doubling innovation as it creates and scales new product platforms. Through 2x direct, it is strengthening the relationship with its customers by creating differentiated retail concepts, leading to mobile apps, dotcom and digital partners.
Lastly, with 2x speed, the company is focused on meeting consumer demand faster and delivering more relevant personalized products. Additionally, the company announced the acquisition of a leading data analytics firm, Zodiac Inc. This is likely to accelerate its Consumer Direct Offense strategy by contributing to the 2x speed factor of the plan. It targets serving customers faster and providing a more personalized experience across the globe with a particular focus on Nike+ members.
The above-mentioned factors clearly profess that NIKE has significant growth potential in the days ahead. This is also evident from this Zacks Rank #3 (Hold) stock's Growth Score of A and long-term earnings growth rate of 9%.
Looking for Some Trending Picks? Check These
Better-ranked stocks in the same industry include Rocky Brands Inc. RCKY and Deckers Outdoor Corp. DECK , both sporting a Zacks Rank #1 (Strong Buy), as well as Iconix Brand Group Inc. ICON , carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Rocky Brands has a solid earnings surprise history with an average beat of 264.6% in the trailing four quarters. Further, the company has surged 51.3% year to date.
Deckers Outdoor has advanced 48.7% year to date. The stock has long-term growth rate of 12%.
Iconix Brand Group has delivered average positive earnings surprise of 188.2% in the trailing four quarters. Moreover, the stock has returned 6.9% in the past month.
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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
NIKE, Inc. (NKE): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report
Rocky Brands, Inc. (RCKY): 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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Check These Better-ranked stocks in the same industry include Rocky Brands Inc. RCKY and Deckers Outdoor Corp. DECK , both sporting a Zacks Rank #1 (Strong Buy), as well as Iconix Brand Group Inc. ICON , carrying a Zacks Rank #2 (Buy). Deckers Outdoor has advanced 48.7% year to date. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): 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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Check These Better-ranked stocks in the same industry include Rocky Brands Inc. RCKY and Deckers Outdoor Corp. DECK , both sporting a Zacks Rank #1 (Strong Buy), as well as Iconix Brand Group Inc. ICON , carrying a Zacks Rank #2 (Buy). Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor has advanced 48.7% year to date.
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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 Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Better-ranked stocks in the same industry include Rocky Brands Inc. RCKY and Deckers Outdoor Corp. DECK , both sporting a Zacks Rank #1 (Strong Buy), as well as Iconix Brand Group Inc. ICON , carrying a Zacks Rank #2 (Buy). Deckers Outdoor has advanced 48.7% year to date.
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Check These Better-ranked stocks in the same industry include Rocky Brands Inc. RCKY and Deckers Outdoor Corp. DECK , both sporting a Zacks Rank #1 (Strong Buy), as well as Iconix Brand Group Inc. ICON , carrying a Zacks Rank #2 (Buy). Deckers Outdoor has advanced 48.7% year to date. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): 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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d23f54e6-2c53-4fcf-8b01-ab0c2db8282c
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724340.0
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2018-06-11 00:00:00 UTC
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Why Deckers Outdoor Corporation Stock Gained 21% in May
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DECK
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https://www.nasdaq.com/articles/why-deckers-outdoor-corporation-stock-gained-21-may-2018-06-11
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nan
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nan
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What happened
Shoe specialist Deckers Outdoor (NYSE: DECK) trounced the market last month, gaining 21% compared to a 2% increase in the S&P 500 , according to data provided by S&P Global Market Intelligence .
The move higher added to a dramatic turnaround for the retailer's stock. Its shares had spent most of the past few years trailing the market only to race ahead of the S&P 500 in 2018.
^SPX data by YCharts .
So what
May's rally was sparked by solid operating news. Deckers announced 8% higher sales in its fiscal fourth quarter, which marked its fifth straight quarter of edging past management's targets on that score.
This top-line success paired with improving profit margins to push the business back into overall profitability for the quarter and the 2018 fiscal year. "We are well positioned to achieve our long-term objectives," CEO Dave Powers told investors on May 25.
Now what
Powers and his team are targeting annual sales of at least $2 billion by fiscal 2020 and operating margin of 13% of sales. Deckers' 2019 forecast assumes solid progress toward that goal, with sales set to rise to between $1.93 billion and $1.95 billion as operating margin stops at between 12.6% and 12.8% of sales. Continued success in its core UGG franchise and the surging Hoka brand will be key in achieving both those short-term and longer-term results.
10 stocks we like better than Deckers Outdoor
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Demitrios Kalogeropoulos 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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* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Deckers Outdoor wasn't one of them! What happened Shoe specialist Deckers Outdoor (NYSE: DECK) trounced the market last month, gaining 21% compared to a 2% increase in the S&P 500 , according to data provided by S&P Global Market Intelligence . Deckers announced 8% higher sales in its fiscal fourth quarter, which marked its fifth straight quarter of edging past management's targets on that score.
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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. What happened Shoe specialist Deckers Outdoor (NYSE: DECK) trounced the market last month, gaining 21% compared to a 2% increase in the S&P 500 , according to data provided by S&P Global Market Intelligence . Deckers announced 8% higher sales in its fiscal fourth quarter, which marked its fifth straight quarter of edging past management's targets on that score.
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Deckers' 2019 forecast assumes solid progress toward that goal, with sales set to rise to between $1.93 billion and $1.95 billion as operating margin stops at between 12.6% and 12.8% of sales. 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 Shoe specialist Deckers Outdoor (NYSE: DECK) trounced the market last month, gaining 21% compared to a 2% increase in the S&P 500 , according to data provided by S&P Global Market Intelligence .
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What happened Shoe specialist Deckers Outdoor (NYSE: DECK) trounced the market last month, gaining 21% compared to a 2% increase in the S&P 500 , according to data provided by S&P Global Market Intelligence . Deckers announced 8% higher sales in its fiscal fourth quarter, which marked its fifth straight quarter of edging past management's targets on that score. Deckers' 2019 forecast assumes solid progress toward that goal, with sales set to rise to between $1.93 billion and $1.95 billion as operating margin stops at between 12.6% and 12.8% of sales.
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6e271af9-4898-4e19-9722-14fb2df0c7b4
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724341.0
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2018-05-31 00:00:00 UTC
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Nike, Inc. (NKE) Ex-Dividend Date Scheduled for June 01, 2018
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DECK
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https://www.nasdaq.com/articles/nike-inc-nke-ex-dividend-date-scheduled-june-01-2018-2018-05-31
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nan
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nan
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Nike, Inc. ( NKE ) will begin trading ex-dividend on June 01, 2018. A cash dividend payment of $0.2 per share is scheduled to be paid on July 05, 2018. Shareholders who purchased NKE prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that NKE has paid the same dividend. At the current stock price of $72.23, the dividend yield is 1.11%.
The previous trading day's last sale of NKE was $72.23, representing a -1.71% decrease from the 52 week high of $73.49 and a 43.46% increase over the 52 week low of $50.35.
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 $1.06. Zacks Investment Research reports NKE's forecasted earnings growth in 2018 as -6.77%, compared to an industry average of 12.1%.
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:
iShares U.S. Consumer Goods ETF ( IYK )
Fidelity MSCI Consumer Discretionary Index ETF ( FDIS )
Vanguard Consumer Discretion ETF ( VCR )
EcoLogical Strategy ETF ( HECO )
PowerShares S&P 500 Quality Portfolio ( SPHQ ).
The top-performing ETF of this group is VCR with an increase of 4.35% over the last 100 days. IYK has the highest percent weighting of NKE at 4.5%.
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 ). Shareholders who purchased NKE prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports NKE's forecasted earnings growth in 2018 as -6.77%, compared to an industry average of 12.1%.
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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: iShares U.S. Consumer Goods ETF ( IYK ) Fidelity MSCI Consumer Discretionary Index ETF ( FDIS ) Vanguard Consumer Discretion ETF ( VCR ) EcoLogical Strategy ETF ( HECO ) PowerShares S&P 500 Quality Portfolio ( SPHQ ).
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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 ). A cash dividend payment of $0.2 per share is scheduled to be paid on July 05, 2018. NKE's current earnings per share, an indicator of a company's profitability, is $1.06.
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438e5a1a-f44d-44d4-ac63-75d0c5dad62d
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724342.0
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2018-05-31 00:00:00 UTC
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Guess? (GES) Posts In-Line Loss in Q1, Raises '19 Guidance
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DECK
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https://www.nasdaq.com/articles/guess-ges-posts-in-line-loss-in-q1-raises-19-guidance-2018-05-31
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nan
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nan
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Guess?, Inc.GES posted first-quarter fiscal 2019 results, wherein adjusted loss was in line with the Zacks Consensus Estimate, while revenues surpassed the same. The top and the bottom line improved year on year. Performance in the quarter was driven by strong revenue growth in the European and Asian regions. Further, the company raised its outlook for fiscal 2019. However, revenues from the Americas Retail continued to be dismal.
Quarter in Detail
Adjusted loss came in at 23 cents per share, in line with the Zacks Consensus Estimate. The bottom line improved 4.2% from the year-ago quarter level. During the quarter, currency had an unfavorable impact of 3 cents on the bottom line.
Net revenues amounted to $521.3 million, surpassing the consensus mark of $510.5 million and increasing 14.7% year over year. This marks the seventh straight quarter of year-on-year revenue improvement. On a constant-currency (cc) basis, revenues grew 7.7%. The upside can be attributed to solid sales in the Europe, Asia and Americas Wholesale segments. These were partly offset by soft revenues in the Americas Retail.
Notably, the company's European and Asian businesses have been delivering superb results for quite some time, which drove the top line. This has been raising investors' optimism in this Zacks Rank #2 (Buy) stock that has surged 95.2% in the past year, compared with the industry 's rally of 44.1%.
Gross profit improved 20.2% from the prior-year quarter's tally to $174 million on the back of higher revenues. The company's gross margin also expanded 160 basis points (bps) to 33.4%, owing to lower markdowns and rents as well as increased IMU's. These upsides were partially offset by occupancy deleverage stemming from increased European logistics costs.
Adjusted operating loss in the quarter was $20.5 million, up 7.8% from the prior-year quarter's level, owing to higher revenues and gross margin. This was offset by higher SG&A expenses. Also, adjusted operating margin rose 100 bps to negative 3.9%, including a 30 bps negative impact of currency. Operating margin gained from lower markdowns in Americas Retail and segment mix, partially countered by higher distribution costs stemming from relocation of the European distribution center.
Segment Performance
Revenues of $171.3 million in the Americas Retail segment fell 1.4% (down 2.1% at cc) year over year, primarily due to lower traffic. Further, Retail comp sales, including e-commerce, declined 2% (down 1% at cc). Operating margin in the segment improved 910 bps to negative 3.3%, driven by the positive impacts of higher initial markups, lower markdowns and rent reductions.
Net revenues of $40.7 million in the American Wholesale segment increased 13.4% (up 11.3% at cc). However, operating margin in the segment declined 470 bps to 14.8%, primarily due to lower gross margins.
The Europe segment's revenues of $205.4 million rose 24.2% (up 9.1% at cc). Store openings and comps growth boosted the region's performance, which was backed by efficient sales-driving initiatives. Retail comp sales, including e-commerce, improved 15% (up 1% at cc). Operating margin declined 930 bps to reach a negative 9.9%, thanks to higher distribution costs from the repositioning of the European distribution center.
Revenues of $84.1 million from Asia increased 32.6% (up 25.1% at cc) on the back of improved comps. Retail comp sales, including e-commerce, grew 22% (up 15% at cc). Operating margin in the segment surged 430 bps to 4.8% on higher gross margins.
Net revenues of $19.8 million at the Licensing segment increased 23.5% in U.S. dollar and at cc. Operating margin in the segment improved 440 bps.
Guess?, Inc. Price, Consensus and EPS Surprise
Guess?, Inc. Price, Consensus and EPS Surprise | Guess?, Inc. Quote
Other Updates
Guess? exited the first quarter with cash and cash equivalents of $232.5 million as well as long-term debt and capital lease obligations of $37.2 million. Further, the stockholders' equity was $857.7 million. Net cash used for operating activities during the period amounted to $67.6 million.
During the first quarter, the company's board approved a quarterly cash dividend of 22.5 cents per share payable on Jun 29, 2018, to shareholders of record as of Jun 13, 2018. The company also repurchased 1.5 million shares worth $24 million during the quarter.
As on May 5, the company's directedly-operated stores were 1,020, which are located across Asia, Europe and the Americas. Its distributors and licensees operated additional 624 stores.
Guidance
Management is impressed with Guess?' solid business progress in Europe and Asia. It continues to make capital investments in these regions to improve sales and margins. Additionally, the company has been striving to improve performance in the Americas and has undertaken several initiatives to reduce costs and enhance profits. Further, the company is on track with expanding digital capabilities and plans to launch the Guess? Digital Office - an innovation hub directed toward developing new technologies to meet consumer demand efficiently.
That said, management raised its outlook for fiscal 2019. It now expects net revenue growth in the range of 8.5-9.5% compared with the previous range of 7-8% growth. At cc, consolidated net revenues are expected to grow 6.5-7.5%, up from the previous projection of 5-6%. Further, adjusted earnings per share for fiscal 2019 are estimated in the range of 88-99 cents,compared with the prior view of 86-98 cents. Currency is likely to have a positive impact of 10 cents on earnings.
Additionally, for the second quarter of fiscal 2019, management expects consolidated net revenues to improve in the range of 14-15.5%. At cc, consolidated net revenues are projected to grow 11-12.5%. The company anticipates adjusted earnings for the quarter in the range of 27-30 cents, including currency impacts of 8 cents.
Other Stocks to Consider
Delta Apparel, Inc. DLA , sporting a Zacks Rank #1 (Strong Buy), came up with an average positive earnings surprise of 71.2% for the trailing four quarters. It has a long-term earnings growth rate of 15%. You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor Corporation DECK with a solid earnings surprise history and long-term earnings growth rate of 11.6%. It carries a Zacks Rank #2.
Michael Kors Holdings Limited KORS , with a Zacks Rank #2, has an impressive earnings surprise history and a long-term growth rate of 7%.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Guess?, Inc. (GES): Free Stock Analysis Report
Michael Kors Holdings Limited (KORS): Free Stock Analysis Report
Delta Apparel, Inc. (DLA): 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 with a solid earnings surprise history and long-term earnings growth rate of 11.6%. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report Delta Apparel, Inc. (DLA): Free Stock Analysis Report To read this article on Zacks.com click here. Guess?, Inc.GES posted first-quarter fiscal 2019 results, wherein adjusted loss was in line with the Zacks Consensus Estimate, while revenues surpassed the same.
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Deckers Outdoor Corporation DECK with a solid earnings surprise history and long-term earnings growth rate of 11.6%. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report Delta Apparel, Inc. (DLA): Free Stock Analysis Report To read this article on Zacks.com click here. Michael Kors Holdings Limited KORS , with a Zacks Rank #2, has an impressive earnings surprise history and a long-term growth rate of 7%.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report Delta Apparel, Inc. (DLA): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK with a solid earnings surprise history and long-term earnings growth rate of 11.6%. Adjusted operating loss in the quarter was $20.5 million, up 7.8% from the prior-year quarter's level, owing to higher revenues and gross margin.
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Deckers Outdoor Corporation DECK with a solid earnings surprise history and long-term earnings growth rate of 11.6%. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report Delta Apparel, Inc. (DLA): Free Stock Analysis Report To read this article on Zacks.com click here. Net revenues amounted to $521.3 million, surpassing the consensus mark of $510.5 million and increasing 14.7% year over year.
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b790d3ff-cc70-4609-89bb-5841d8af675f
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724343.0
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2018-05-29 00:00:00 UTC
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DECK or SHOO: Which Is the Better Value Stock Right Now?
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DECK
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https://www.nasdaq.com/articles/deck-or-shoo%3A-which-is-the-better-value-stock-right-now-2018-05-29
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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 Steven Madden (SHOO). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Both Deckers and Steven Madden have a Zacks Rank of #2 (Buy) right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. But this is just one piece of the puzzle for value investors.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
DECK currently has a forward P/E ratio of 18.54, while SHOO has a forward P/E of 19.59. We also note that DECK has a PEG ratio of 1.60. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SHOO currently has a PEG ratio of 1.84.
Another notable valuation metric for DECK is its P/B ratio of 3.32. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, SHOO has a P/B of 3.82.
These metrics, and several others, help DECK earn a Value grade of A, while SHOO has been given a Value grade of D.
DECK and SHOO are both solid stocks with improving earnings outlooks, but based on the above valuation figures, 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
Steven Madden, Ltd. (SHOO): 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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Investors with an interest in Shoes and Retail Apparel stocks have likely encountered both Deckers (DECK) and Steven Madden (SHOO). Both Deckers and Steven Madden have a Zacks Rank of #2 (Buy) right now. DECK currently has a forward P/E ratio of 18.54, while SHOO has a forward P/E of 19.59.
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Investors with an interest in Shoes and Retail Apparel stocks have likely encountered both Deckers (DECK) and Steven Madden (SHOO). Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report To read this article on Zacks.com click here. Both Deckers and Steven Madden have a Zacks Rank of #2 (Buy) right now.
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These metrics, and several others, help DECK earn a Value grade of A, while SHOO has been given a Value grade of D. DECK and SHOO are both solid stocks with improving earnings outlooks, but based on the above valuation figures, 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 Steven Madden, Ltd. (SHOO): Free Stock Analysis 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 Steven Madden (SHOO).
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These metrics, and several others, help DECK earn a Value grade of A, while SHOO has been given a Value grade of D. DECK and SHOO are both solid stocks with improving earnings outlooks, but based on the above valuation figures, it seems like value investors will conclude that DECK is the superior option right now. Investors with an interest in Shoes and Retail Apparel stocks have likely encountered both Deckers (DECK) and Steven Madden (SHOO). Both Deckers and Steven Madden have a Zacks Rank of #2 (Buy) right now.
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ebcfec35-de70-4bd2-94f8-274abe0be6b5
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724344.0
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2018-05-29 00:00:00 UTC
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Company News For May 29, 2018
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DECK
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https://www.nasdaq.com/articles/company-news-for-may-29-2018-2018-05-29
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nan
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nan
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Foot Locker Inc.'s FL shares jumped 20.2% after posting fiscal first-quarter earnings of $1.45 per share, outpacing the Zacks Consensus Estimate of $1.25
The Gap Inc. GPS plunged 14.6% after reporting fiscal first-quarter earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.45
Quality Systems Inc.'s QSII shares surged 12.9% after posting fiscal fourth-quarter 2018 adjusted earnings of $0.16 per share, surpassing the Zacks Consensus Estimate of $0.13
Shares of Deckers Outdoor Corp. DECK increased 3.5% after reporting fiscal fourth quarter 2018 adjusted earnings of $0.50 per share, outpacing the Zacks Consensus Estimate of $0.18
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
Quality Systems, Inc. (QSII): Free Stock Analysis Report
The Gap, Inc. (GPS): Free Stock Analysis Report
Foot Locker, Inc. (FL): 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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Foot Locker Inc.'s FL shares jumped 20.2% after posting fiscal first-quarter earnings of $1.45 per share, outpacing the Zacks Consensus Estimate of $1.25 The Gap Inc. GPS plunged 14.6% after reporting fiscal first-quarter earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.45 Quality Systems Inc.'s QSII shares surged 12.9% after posting fiscal fourth-quarter 2018 adjusted earnings of $0.16 per share, surpassing the Zacks Consensus Estimate of $0.13 Shares of Deckers Outdoor Corp. DECK increased 3.5% after reporting fiscal fourth quarter 2018 adjusted earnings of $0.50 per share, outpacing the Zacks Consensus Estimate of $0.18 Want the latest recommendations from Zacks Investment Research? Click to get this free report Quality Systems, Inc. (QSII): Free Stock Analysis Report The Gap, Inc. (GPS): Free Stock Analysis Report Foot Locker, Inc. (FL): 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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Foot Locker Inc.'s FL shares jumped 20.2% after posting fiscal first-quarter earnings of $1.45 per share, outpacing the Zacks Consensus Estimate of $1.25 The Gap Inc. GPS plunged 14.6% after reporting fiscal first-quarter earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.45 Quality Systems Inc.'s QSII shares surged 12.9% after posting fiscal fourth-quarter 2018 adjusted earnings of $0.16 per share, surpassing the Zacks Consensus Estimate of $0.13 Shares of Deckers Outdoor Corp. DECK increased 3.5% after reporting fiscal fourth quarter 2018 adjusted earnings of $0.50 per share, outpacing the Zacks Consensus Estimate of $0.18 Want the latest recommendations from Zacks Investment Research? Click to get this free report Quality Systems, Inc. (QSII): Free Stock Analysis Report The Gap, Inc. (GPS): Free Stock Analysis Report Foot Locker, Inc. (FL): 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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Foot Locker Inc.'s FL shares jumped 20.2% after posting fiscal first-quarter earnings of $1.45 per share, outpacing the Zacks Consensus Estimate of $1.25 The Gap Inc. GPS plunged 14.6% after reporting fiscal first-quarter earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.45 Quality Systems Inc.'s QSII shares surged 12.9% after posting fiscal fourth-quarter 2018 adjusted earnings of $0.16 per share, surpassing the Zacks Consensus Estimate of $0.13 Shares of Deckers Outdoor Corp. DECK increased 3.5% after reporting fiscal fourth quarter 2018 adjusted earnings of $0.50 per share, outpacing the Zacks Consensus Estimate of $0.18 Want the latest recommendations from Zacks Investment Research? Click to get this free report Quality Systems, Inc. (QSII): Free Stock Analysis Report The Gap, Inc. (GPS): Free Stock Analysis Report Foot Locker, Inc. (FL): 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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Foot Locker Inc.'s FL shares jumped 20.2% after posting fiscal first-quarter earnings of $1.45 per share, outpacing the Zacks Consensus Estimate of $1.25 The Gap Inc. GPS plunged 14.6% after reporting fiscal first-quarter earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.45 Quality Systems Inc.'s QSII shares surged 12.9% after posting fiscal fourth-quarter 2018 adjusted earnings of $0.16 per share, surpassing the Zacks Consensus Estimate of $0.13 Shares of Deckers Outdoor Corp. DECK increased 3.5% after reporting fiscal fourth quarter 2018 adjusted earnings of $0.50 per share, outpacing the Zacks Consensus Estimate of $0.18 Want the latest recommendations from Zacks Investment Research? Click to get this free report Quality Systems, Inc. (QSII): Free Stock Analysis Report The Gap, Inc. (GPS): Free Stock Analysis Report Foot Locker, Inc. (FL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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7de24913-30f3-4337-9103-3b1a3a72501b
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724345.0
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2018-05-29 00:00:00 UTC
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Deckers' Omni Channel Expansion to Keep Stock on Growth Path
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DECK
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https://www.nasdaq.com/articles/deckers-omni-channel-expansion-to-keep-stock-on-growth-path-2018-05-29
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nan
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nan
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Deckers Outdoor CorporationDECK has been constantly trying to counter intense competition in the retail space. The company is targeting profitable and underpenetrated markets and is focused on product innovation, store expansion and enhancing e-commerce capabilities.
The company's focus on targeting consumers digitally and optimizing omni-channel distribution bodes well. In line with the changing trends, Deckers has been constantly developing its e-commerce portal to drive incremental sales. The company has made substantial investments to strengthen its online presence and improve shopping experience.
This Zacks Rank #2 (Buy) company is focused on opening smaller concept omni-channel outlets and expanding programs such as Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect to enhance customers' shopping experience.
As part of the company's store fleet optimization plan, Deckers had earlier informed about plans to close approximately 30 to 40 outlets over the next two years. By fiscal 2020, Deckers expects company-owned fleet of approximately 125 stores worldwide. These actions are likely to boost profits and shareholders' return as well as enhance brand and store performance. Moreover, management expects cost savings of about $150 million on the back of improvement in cost of goods sold and SG&A savings.
Apart from the above-mentioned factors, Deckers is focusing on product and marketing strategies that are more skewed toward customers. Moreover, the company is focusing on expanding its product categories in line with purchasing trends that differs with weather conditions. In fact, in order to drive incremental sales and margins, the company is selling directly to wholesale customers.
We believe that aforementioned factors are likely to keep the stock on growth trajectory. Deckers has outperformed the industry in the past six months. The company's shares have rallied 43.6% in the said period, compared with the industry's gain of 17.3%.
Looking for Other Hot Stocks, Consider These
Rocky Brands, Inc. RCKY has an average positive earnings surprise of 264.6% for the trailing four quarters and sports a Zacks Rank #1 (Strong Buy).
Iconix Brand Group, Inc. ICON carries a Zacks Rank #2 (Buy). The company delivered an average positive earnings surprise of 188.2% in the trailing four quarters.
Steven Madden, Ltd. SHOO has a long-term earnings growth rate of 10.7% and carries a Zacks Rank #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.
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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
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report
Steven Madden, Ltd. (SHOO): 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 CorporationDECK has been constantly trying to counter intense competition in the retail space. In line with the changing trends, Deckers has been constantly developing its e-commerce portal to drive incremental sales. As part of the company's store fleet optimization plan, Deckers had earlier informed about plans to close approximately 30 to 40 outlets over the next two years.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK has been constantly trying to counter intense competition in the retail space. In line with the changing trends, Deckers has been constantly developing its e-commerce portal to drive incremental sales.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK has been constantly trying to counter intense competition in the retail space. In line with the changing trends, Deckers has been constantly developing its e-commerce portal to drive incremental sales.
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In line with the changing trends, Deckers has been constantly developing its e-commerce portal to drive incremental sales. Deckers Outdoor CorporationDECK has been constantly trying to counter intense competition in the retail space. As part of the company's store fleet optimization plan, Deckers had earlier informed about plans to close approximately 30 to 40 outlets over the next two years.
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3aa16416-9715-4f0c-88c8-aea5d8448c85
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724346.0
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2018-05-25 00:00:00 UTC
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Morning Movers: Foot Locker Soars on Earnings, Gap Slumps
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DECK
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https://www.nasdaq.com/articles/morning-movers-foot-locker-soars-earnings-gap-slumps-2018-05-25
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nan
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nan
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The Dow Jones Industrial Average is sliding this morning as investors take some risk off the table ahead of the long Memorial Day weekend.
Getty Images
S&P 500 futures have dropped 0.3%, while Dow Jones Industrial Average futures have fallen 63 points, or 0.3%. Nasdaq Composite futures have declined 0.1%.
The weakness only set in recently, as people started to get to work, checked out some of the headlines-- continued tensions with North Korea, worries that the trade war with China will heat up again, and market turmoil in Italy, among them--and decided they'd enjoy Memorial Day little more if they had less exposure to the stock market. "What was looking like a pretty good way to close out the week at about 5 am eastern time today is increasingly shaping up to be a soft close to the week," writes Bespoke Investment Group's Paul Hickey. "It's definitely got the feeling of a risk-off kind of open, and treasuries are rallying as a result, as the 10-year is trading back below 3%."
If there's good news, it's that the drop, so far, is small, and feel more like a drift rather than a push lower. Keep in mind that the Vix--the market's so-called fear index--is now back in the low teens. It's sitting at 13.29 this morning. "As for geopolitical tensions, they are short-term headwinds for stocks, given the impact on risk appetite. However, keep in mind that the VIX has hardly budged," explains Fundstart's Tom Lee. "So the equity derivatives market is a lot less concerned about tensions compared to cash equities."
Keep calm and carry on.
Autodesk (ADSK) is down 4.9% to $132.06 after reporting first-quarter earnings. The software firm earned six cents a share on revenue of $559.9 million, while analysts were looking for earnings of three cents a share on revenue of $558.5 million. For the full year, it expects to earn between 77 cents and 95 cents a share on revenue of $2.56 billion to $2.66 billion. Analysts are looking for 90 cents per share in earnings on revenue of $2.5 billion.
Decker Outdoor (DECK) is up 4.9% to $108.70 after reporting fourth-quarter earnings. The footwear maker earned 50 cents a share on revenue of $400.7 million. Analysts were looking for earnings of 19 cents a share on revenue of $376.16 million. For the full year, it expects to earn between $6.20 and $6.40 a share, on revenue of $1.925 billion to $1.95 billion. Consensus calls for earnings of $6.02 a share on revenue of $1.92 billion.
Foot Locker (FL) is up 15.5% to $53.57 after reporting first-quarter earnings. The sneaker retailer earned $1.45 a share on revenue of $2.02 billion, while analysts were looking for earnings of $1.24 a share on revenue of $1.96 billion. Same-store sales decreased 2.8%.
Getty Images
Gap (GPS) is down 7.5% to $30.47 after reporting first-quarter earnings. The apparel retailer earned 42 cents a share on revenue of $3.78 billion, while analysts were looking for earnings of 46 cents a share on revenue of $3.6 billion. For the full year, it expects to earn between $2.55 and $.70 a share, compared with the $2.62 per-share consensus estimate.
Novartis (NVS) is up 0.8% to $76.79 after Credit Suisse upgraded it to Neutral.
Ross Stores (ROST) is down 4.5% to $79.20 after reporting first-quarter earnings. The discounter earned 92 cents a share on revenue of $3.59 billion. Analysts were looking for earnings of $1.07 a share on revenue of $3.54 billion. For the full year, it expects to earn between $3.92 and $4.05 a share, compared with the $4.10 per-share consensus estimate.
PayPal (PYPL) is up 1.2% to $82.49 after Stifel upgraded it to Buy. - Teresa Rivas
Sign up to Review & Preview, a new daily email from Barron's. Every evening we'll review the news that moved markets during the day and look ahead to what it means for your portfolio in the morning.
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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Decker Outdoor (DECK) is up 4.9% to $108.70 after reporting fourth-quarter earnings. The Dow Jones Industrial Average is sliding this morning as investors take some risk off the table ahead of the long Memorial Day weekend. The weakness only set in recently, as people started to get to work, checked out some of the headlines-- continued tensions with North Korea, worries that the trade war with China will heat up again, and market turmoil in Italy, among them--and decided they'd enjoy Memorial Day little more if they had less exposure to the stock market.
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Decker Outdoor (DECK) is up 4.9% to $108.70 after reporting fourth-quarter earnings. Getty Images S&P 500 futures have dropped 0.3%, while Dow Jones Industrial Average futures have fallen 63 points, or 0.3%. For the full year, it expects to earn between 77 cents and 95 cents a share on revenue of $2.56 billion to $2.66 billion.
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Decker Outdoor (DECK) is up 4.9% to $108.70 after reporting fourth-quarter earnings. The software firm earned six cents a share on revenue of $559.9 million, while analysts were looking for earnings of three cents a share on revenue of $558.5 million. The sneaker retailer earned $1.45 a share on revenue of $2.02 billion, while analysts were looking for earnings of $1.24 a share on revenue of $1.96 billion.
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Decker Outdoor (DECK) is up 4.9% to $108.70 after reporting fourth-quarter earnings. For the full year, it expects to earn between 77 cents and 95 cents a share on revenue of $2.56 billion to $2.66 billion. For the full year, it expects to earn between $6.20 and $6.40 a share, on revenue of $1.925 billion to $1.95 billion.
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fc58f52c-4d1b-4804-aec3-8a6e4770ea9f
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724347.0
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2018-05-25 00:00:00 UTC
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Deckers (DECK) Beats Earnings Estimates in Q4, Guides FY19
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https://www.nasdaq.com/articles/deckers-deck-beats-earnings-estimates-in-q4-guides-fy19-2018-05-25
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Deckers Outdoor CorporationDECK delivered better-than-expected fourth-quarter fiscal 2018 results driven by sturdy sales performance across UGG, HOKA ONE ONE, Teva and Sanuk brands. This footwear and apparel retailer reported adjusted earnings of 50 cents a share that beat the Zacks Consensus Estimate of 18 cents for the fifth straight quarter and surged considerably from 11 cents in the year-ago period.
The top line also sustained its winning streak improving 8.4% to $400.7 million during the quarter, following an increase of 6.6% in the preceding quarter. Net sales also came ahead of the Zacks Consensus Estimate of $377.3 million, marking the fifth straight quarter of positive surprise. On a constant currency basis, net sales grew 6.6%.
Deckers in the last quarter had guided net sales in the range of $370-$375 million and envisioned earnings in the range of 15-20 cents per share. Instead, this Goleta, CA-based company went on to post far better results than anticipated. As a result, the stock gained roughly 5% during extended hours trading session yesterday. We noted that shares of this Zacks Rank #3 (Hold) company have increased about 43% in the past six months compared with the industry 's growth of 18%.
Gross margin expanded 500 basis points to 48% driven by fewer closeout sales, improved promotional environment, enhanced supply chain and a favorable channel mix. Adjusted SG&A expenses were $172.5 million up from $153.9 million for the same period last year on account of higher incentive compensation along with increased marketing and sales related expenses.
Adjusted operating income soared to $19.9 million from $5.1 million in the year-ago quarter, while adjusted operating margin increased 360 basis points to 5%.
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.
Management had earlier projected cost savings of about $150 million on the back of improvement in cost of goods sold and SG&A savings, which includes consolidation of retail outlets and process improvement efficiencies. This will help realize $100 million operating profit improvement by fiscal 2020. The company anticipates total sales of about $2 billion with operating margin of at least 13% by fiscal 2020.
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 8.3% to $249 million in the reported quarter. Meanwhile, international net sales rose 8.7% to $151.7 million.
Direct-to-Consumer ("DTC") net sales advanced 18.1% to $177.6 million. DTC comparable sales rose 15% year over year. Wholesale net sales in the reported quarter grew 1.8% to $223.1 million.
Brand-wise Discussion
UGG brand net sales increased 6% to $257.5 million in the reported quarter. Net sales for the Sanuk brand, known for its exclusive sandals and shoes, came in at $35.6 million, up 10.3% year over year.
HOKA ONE ONE brand net sales surged 34.1% to $50.4 million, while Teva brand net sales grew 7.3% to $55 million.
Other Financial Aspects
At the end of the quarter, Deckers had cash and cash equivalents of $430 million, total short-term borrowings and mortgage payable of $32.1 million and shareholders' equity of $940.8 million. Inventories remained almost flat at $299.6 million.
During the quarter under review, Deckers bought back approximately 1.34 million shares of worth $125 million. As of Mar 31, 2018, the company had $251 million remaining under its $400 million share buyback program. Management expects to incur capital expenditures of approximately $35-$40 million during fiscal 2019.
Guidance
Deckers provided an encouraging view for fiscal 2019. Management now anticipates net sales to be in the band of $1,925-$1,950 million, reflecting year-over-year growth of about 2%. The company expects revenues from UGG and Teva brands to be down in low-single digits and high single digits, respectively. Sales from HOKA brand is projected to improve in the mid-20% range, while sales at Sanuk brand is expected to remain flat. DTC comparable sales are also expected to remain flat.
Further, adjusted earnings are projected to be in the range of $6.20-$6.40 per share, which portrays an improvement over $5.74 reported in fiscal 2018. The current Zacks Consensus Estimate for fiscal 2019 is $5.79. Gross margin for the fiscal year is anticipated to be marginally better than 49%. Further, SG&A expense as a percentage of sales is projected to be marginally better than 36.5%. Operating margin is envisioned to be in the range of 12.6-12.8%.
In the first quarter, net sales are estimated to be in the range of $225-$235 million compared with $209.7 million reported in the year-ago period. Management forecasts loss in the range of approximately $1.41-$1.50 compared with loss of $1.28 per share incurred in the prior-year quarter. The current Zacks Consensus Estimate for the quarter is a loss of $1.32.
3 Hot Stocks Awaiting Your Look
Best Buy BBY delivered an average positive earnings surprise of 19.1% in the trailing four quarters. It has a long-term earnings growth rate of 14.3% and a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Fossil Group FOSL delivered an average positive earnings surprise of 54.1% in the trailing four quarters. It carries a Zacks Rank #2.
Steven Madden SHOO delivered an average positive earnings surprise of 5.9% in the trailing four quarters. It has a long-term earnings growth rate of 10.7% and a Zacks Rank #2.
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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 CorporationDECK delivered better-than-expected fourth-quarter fiscal 2018 results driven by sturdy sales performance across UGG, HOKA ONE ONE, Teva and Sanuk brands. 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 in the last quarter had guided net sales in the range of $370-$375 million and envisioned earnings in the range of 15-20 cents per share.
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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 8.3% to $249 million in the reported quarter. Click to get this free report Fossil Group, Inc. (FOSL): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK delivered better-than-expected fourth-quarter fiscal 2018 results driven by sturdy sales performance across UGG, HOKA ONE ONE, Teva and Sanuk brands.
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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 8.3% to $249 million in the reported quarter. Click to get this free report Fossil Group, Inc. (FOSL): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK delivered better-than-expected fourth-quarter fiscal 2018 results driven by sturdy sales performance across UGG, HOKA ONE ONE, Teva and Sanuk brands.
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Deckers Outdoor CorporationDECK delivered better-than-expected fourth-quarter fiscal 2018 results driven by sturdy sales performance across UGG, HOKA ONE ONE, Teva and Sanuk brands. Deckers in the last quarter had guided net sales in the range of $370-$375 million and envisioned earnings in the range of 15-20 cents per share. 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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3c86979e-3b99-44fe-911a-0fa130d83555
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724348.0
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2018-05-25 00:00:00 UTC
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Deckers Outdoor (DECK) Q4 2018 Earnings Conference Call Transcript
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https://www.nasdaq.com/articles/deckers-outdoor-deck-q4-2018-earnings-conference-call-transcript-2018-05-25
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Deckers Outdoor (NYSE: DECK)
Q4 2018 Earnings Conference Call
May. 24, 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 fourth-quarter fiscal year and 2018 earnings conference call. [Operator Instructions] I would like to remind everyone that this conference call is being recorded. I'll now turn the call over to Steve Fasching, senior vice president, corporate strategy, planning and investor relations.
Please go ahead, sir.
Steve Fasching -- Senior Vice President
Thank you, everyone for joining us today. On the call is Dave Powers, president and chief executive officer; and Tom George, 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 fact, 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 the 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 actual results to differ materially from any results predicted, assumed or implied by the forward-looking statements.
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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.
Dave Powers -- President and Chief Executive Officer
Thanks, Steve, and good afternoon, everyone. Today, I'm excited to share with you the details of another strong quarter, which represents a great finish to a solid fiscal year 2018. We are very pleased with our recent performance and believe these results demonstrate further progress on our transformation efforts. For the first part of the call, I will discuss our performance by brand and channel, and then hand over the call to Tom for a review of our financial results.
Then we will switch gears to discuss our initial outlook for fiscal 2019, as well as the strategic priorities the organization is focused on. Before diving in, I would like to start by saying how encouraged I am with the progress that we have made in our operating profit improvement plan that we laid out a year ago, which included optimizing input cost, consolidating our factory base, improving corporate process efficiencies and indirect spend, and transforming the marketplace through rationalizing our wholesale account base, and optimizing our retail store fleet. These initiatives are the fundamental drivers of our fiscal year 2020 targets with sales reaching $2 billion, operating margin increasing to at least 13% and returns on invested capital improving to north of 20%. To achieve these goals, management tasked the organization with aggressive objectives at the beginning of fiscal 2018.
And looking at the results, it is evident that the team had successfully executed on our plans. For the year, the company delivered record revenue of $1.9 billion, a gross margin improvement of 220 basis points, operating expense leverage of 90 basis points, all resulting in non-GAAP operating margin of 12.4% versus 9.2% last year, and well ahead of our initial guidance of 10.5%. On top of these strong financial results, the company also repurchased $150 million of stock, returning meaningful value to shareholders. While we did benefit from favorable weather conditions compared with the previous two years, we also accelerated elements of our improvement efforts.
We still have work ahead of us to complete our transformation plan. But that said, given these results, I am more confident than ever that we are well-positioned to achieve our long-term objectives. So with that, let's start with a brief overview of our performance. Revenue in the quarter was up over 8% to $401 million, and non-GAAP EPS came in at $0.50 compared to $0.11 last year.
For the full year, as I have mentioned, revenue was a record $1.9 billion, up 6%, while non-GAAP operating income was up 43% to $236 million; and non-GAAP EPS increased 50% to $5.74, also a record. Looking at performance by group. Within the Fashion & Lifestyle group, UGG had a strong quarter with sales up 6% to $257 million, largely due to better-than-expected sales in the global DTC channel with positive contributions from both retail and online. Helping few of the sales beat was favorable weather late in the season that drove more full-price selling of cold weather product combined with the strong selling of the spring-summer of 2018 line.
For the year, UGG sales increased 4% cracking the $1.5 billion mark, with international wholesale and global e-commerce accounting for the majority of the gains. During the year, the brands saw success with a renewed trend in the Classic Mini, continued strong growth of the men's Neumel, and benefited from consumers choosing to wear their UGG slippers year round. Over the past several years, the UGG team has made progress on de-seasonalizing the business with a focus on the spring and summer product offering. As evidenced, the initial reaction to the spring-summer 2018 line has been positive and selling is up high single digits to last year while season-to-date sell-through at our top U.S.
wholesale partners is strong. From a selling perspective and consistent with our strategy, women sneakers and sandals are both up double digits, season to date. We saw success with our current spring and summer season driven by newer accounts adopting a broader assortment of our product offering. Also, UGG brand heat is on the rise, as according to YouGov, brand impressions in the U.S.
with 18 to 34-year-olds is the highest it's been since the company started tracking UGG in 2013. These trends demonstrate the success we are having engaging consumers through focused and targeted digital marketing. They are also the result of delivering compelling products that resonate with younger consumers. Next, Koolaburra continues to track ahead of plan as revenues more than doubled in the year to $18 million driven by strong full-priced sell-through at major accounts.
Our initial strategy for the brand was to determine marketplace demand for the product in the family footwear channel. And as you can see by our results, the first two seasons have been very positive and we see an ability to continue to take market share and drive healthy profitable growth. Switching gears to our Performance Lifestyle group. First, HOKA's explosive growth continued in 2018 with sales increasing 47% to $153 million, with the fourth quarter up 34%.
These exceptional results are due to the brand's dedication to developing innovative and technical footwear that resonates with the authentic running community. Styles like the Clifton and Bondi, which embody the brand's ethos, continue to be best sellers. The SpeedGoat 2, which recently won the Editor's Choice Award from Runner's World and Trail Runner demonstrates the success of innovation within the brand and is now a top-selling style as well. On top of this, HOKA recently launched collaborations with Outdoor Voices and Engineered Garments.
The Outdoor Voices partnership introduced a special edition, Clifton 4 collection, that will tie together performance-based and active lifestyle brands. This collection reflects the growing popularity of versatile footwear that blends athletic performance with everyday lifestyle. The partnership with Engineered Garments introduces the special line of our Hupana style to reach men and women who incorporate fashion and design into their fitness lifestyle. Over the last few years, HOKA has also seen growth through category expansion.
The brand launched the products in the dynamic stability category, and these styles have quickly become an important element of the overall offering. For the spring, HOKA launched the Fly collection, which has brought new consumers into the brand and geared toward both the core runner and the everyday fitness enthusiast. Within the U.S., HOKA's wholesale business was up nearly 40% on the year. And the brand became a top five brand in two leading specialty accounts, Fleet Feet Sports and JackRabbit Sports.
This was combined with meaningful growth in our own e-commerce business in the U.S. Domestically, we will continue to drive growth by working with our wholesale partners to strategically expand HOKA's presence in brick-and-mortar, while at the same time offering a seamless digital experience as consumers migrate online for their replenishment needs. On the international front, HOKA sales were up over 50% for the year, with the largest share coming from Europe. Looking forward, Europe represents the largest near-term opportunity for growth, with the APAC region beginning to ramp up.
We are seeing early and organic adoption of the brand in APAC and continue to see significant opportunities down the road as we build brand awareness. Turning to Teva and Sanuk. I am encouraged by both brands' over achievement of their profitability targets for fiscal year 2018 as gross margin and contribution were up significantly over last year and above expectations. Both brands play an integral role in the portfolio.
And combined with HOKA, the Performance Lifestyle group provides counter-seasonal business to our Fashion & Lifestyle group. For Teva, sales were up 13% on the year to $134 million driven by high-teens growth in the U.S. e-commerce business. On the product side, the brand recently introduced the Hurricane XLT2, which was an update to the original Hurricane.
This shoe is a staple on the Teva lineup and the improved design and functionality is driving slightly higher price points and margins. With the brand's focus on leveraging the core heritage of the original's franchise, we are fostering relationship with the new and younger consumer. Turning to Sanuk. Sales for the year were down just under 1% to $91 million.
The result was driven by mid-single-digit growth in U.S. wholesale, offset by the planned decline internationally as the brand is in the process of resetting its distribution. We also significantly reduced the amount of closeouts in an effort to clean up the marketplace and drive margin improvements. On the product front, Sanuk introduced the Chiba Quest in the fourth quarter, an important update to our Sidewalk Surfer franchise.
And it was also met with positive market response. Now moving to channel performance. Total company wholesale sales increased 2% in the quarter and 6% for the year. The year's results saw mid-teen growth internationally and low single digits domestically.
The initiatives we have undertaken to clean up the marketplace and fuel a higher proportion of full-priced sales is bearing fruit. And combined with the continued growth of UGG Men's, UGG Spring and Summer, HOKA and Koolaburra, we are offsetting headwinds of the ongoing account rationalization and the soft-foot traffic at certain brick-and-mortar retailers. Shifting to our direct-to-consumer channel. DTC comps increased 15% for the quarter driven by positive results across both retail and online.
For the year, the total comp increased 7%. DTC sales increased 18% in the quarter and 7% on the year on continued strength of our e-commerce platform. Our international online business achieved over $100 million in sales during the year as the continued shift of marketing spend to digital pays dividend in the form of incremental sales with a strong return on investment. As I reflect back on the year, I am proud to say that the team delivered exceptional results that exceeded our initial targets despite the many challenges the organization faced.
As part of our transformation efforts, we drove a healthy gross margin improvement and SG&A leverage, delivering a significant increase in profitability and return on invested capital. While we did benefit from weather during the year, our overall fiscal 2018 results showed excellent progress on our long-term objectives. With that, I'll hand the call over to Tom to provide details on the fourth quarter and fiscal 2018 financial result, as well as our initial outlook on the first-quarter and full-year fiscal 2019.
Tom George -- Chief Financial Officer
Thanks, Dave, and good afternoon, everyone. Today, I will take you through our fourth--quarter and fiscal-year 2018 results in greater detail and provide our initial outlook for the first-quarter and fiscal-year 2019. Please note throughout this discussion, where I refer to non-GAAP financial measures, I am referring to results before taking into account restructuring and other charges 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 fourth quarter. Revenue was $401 million, up over 8% from last year and above the midpoint of our guidance range by $28 million. The better-than-expected performance was driven by our UGG global DTC business, as Dave mentioned, with positive contributions from both online and retail; HOKA U.S.
wholesale; and UGG European wholesale.Gross margin was 48%, up 500 basis points over last year. The gain in gross margin was largely due to fewer closeout sales and an improved promotional environment in the quarter, which contributed 160 basis points; continued realization of significant progress on our supply chain improvements worth approximately 170 basis points; and 120 basis points from FX; with the balance being driven by favorable channel mix.Non-GAAP SG&A expense was $173 million, up from $154 million last year. The year-over-year increase was impacted by an increase in incentive compensation due to better-than-expected sales and profitability and higher marketing and sales-related expenses. Non-GAAP EPS came in at $0.50 compared to our guidance range of $0.15 to $0.20 and $0.11 last year.
Now to sum up our fiscal 2018. Revenue was $1.9 billion, up over 6% from last year. The UGG and HOKA brands contributed the bulk of the year-over-year increase, up $56 million and $49 million, respectively. And included in these figures is a $12 million benefit from FX.
Gross margin was 48.9%, up 220 basis points over last year. The gain in gross margin was primarily due to 120 basis points from supply chain improvements, 40 basis points from FX and the balance from a less promotional environment resulting in fewer closeout sales and a higher proportion of full-priced selling. Non-GAAP SG&A expense was $695 million, up from $670 million last year. As a percentage of revenue, SG&A improved 90 basis points to 36.5% from 37.4% despite incentive compensation up over $30 million to last year.
Non-GAAP operating income increased 43% to $236 million from $166 million last year, while operating margin increased 320 basis points to 12.4%. Non-GAAP EPS came in at $5.74 compared to our guidance range of $5.37 to $5.42 and $3.82 last year. For the year, non-GAAP adjustments were $14 million and was related to the proxy contest, the Board's consideration of strategic alternatives, retail store closures and transfers, as well as other organizational changes.Turning to our balance sheet. We ended fiscal 2018 with $430 million in cash compared to $292 million last year.
Our year-end balance includes a shift from international to domestic cash as a result of repatriating $250 million. It is also worth noting that our cash balance is net of shares repurchased. Inventories were essentially flat at $300 million, compared to our sales growth of over 6% for the year. We had no short-term debt outstanding under our credit lines.
And on a pro forma basis, our calculated return on invested capital improved to over 19%. During the quarter, we repurchased 1.34 million shares of the company's common stock for a total of $125 million. Combined with earlier repurchases, the total amount repurchased in fiscal 2018 was $150 million, ahead of our previously stated intention of $100 million. Of the $400 million that was authorized by our Board last year, $251 million remains authorized and outstanding as of March 31, 2018.
Therefore, we will continue to evaluate our capital allocation strategy and view share repurchase as an attractive option to drive shareholder value as we continue to execute on our transformation plans. Switching gears. Our global backlog inclusive of bulk orders showed an increase year-over-year at March 31. If our backlog had included bulk orders last year, this would represent an increase of approximately 4% on a comparable basis.
As a reminder, our backlog at March 31 only includes orders from wholesalers and distributors for delivery in April through December and only represents about 1/3 of our total revenue for the year. The figure does not include our company DTC sales all over fourth quarter or any future orders we may book such as at-once orders or closeouts.Finally, moving on to our outlook for fiscal year 2019. We have made some strategic decisions that better positions the company to compete in today's marketplace and build the organization for the future. While these will create some top line headwinds in the current year, we still expect to achieve overall revenue growth.For fiscal 2019, we expect revenue to be in the range of $1.925 billion to $1.95 billion, which represents year-over-year growth of roughly 2%.
And as we have accelerated many of our gross margin transformation efforts into fiscal 2018, we expect gross margins to improve to slightly better than 49% in fiscal 2019. We also continue to improve SG&A as a percentage of revenue and expect it to be slightly better than 36.5%. We expect operating margin to be in the range of 12.6% to 12.8%. We're projecting an effective tax rate of approximately 22% with diluted earnings per share between $6.20 and $6.40; and capital expenditures to be between $35 million and $40 million.
Our fiscal 2019 guidance excludes any charges that may occur from additional store closures and other restructuring charges and does not include the impact of additional share repurchases.Fiscal 2019 revenue expectations by brand are as follows. UGG is expected to be down low single digits as growth is being offset by the allocation and segmentation of the Classics franchise that will be implemented for fall 2018, the continued rationalization of the wholesale account base, and further store closures. The anticipated impact of these decisions is approximately $50 million. HOKA growing in the mid-20% range fueled by both U.S.
and international expansion. Teva down high single digits largely due to the cleanup of international distribution as we convert EMEA to a distributor model. And Sanuk flat to last year as the brand continues to drive ASPs in a higher proportion of full-priced sales in an effort to better control the North American marketplace. DTC comp is expected to be flat with a continued challenging traffic environment in retail as well as an assumption of a more normalized weather season.
And additionally, we expect in-season cancellations to slightly outweigh reorders.Now for the first-quarter of fiscal 2019, we expect revenue to be between $225 million and $235 million and non-GAAP diluted loss per share of approximately $1.50 to $1.41 compared to a loss of $1.28 last year. The drivers of the year-over-year variance in EPS include a lower effective tax rate this year versus last year, decreased shares outstanding this year due to our recent share buyback activity, and orders that were pulled forward into the first quarter of fiscal 2018. Since the first quarter is a loss quarter, this year's expected lower tax rate due to tax reform and a lower share count due to our share buyback program result in an increase to our loss on a per share basis. The combined effect of the lower tax rate and lower share count is approximately $0.12 per share.And as a reminder, in the first-quarter of fiscal 2018, we experienced a pull-forward of wholesale orders of approximately $20 million.
This drove an earnings per share benefit of approximately $0.15 to last year's first-quarter result.I will now hand the call back to Dave to provide a little more context on our strategic priorities for the upcoming year.
Dave Powers -- President and Chief Executive Officer
As Tom just mentioned, we have made some strategic decisions for the coming year that I believe will better position the company for future success. But before I go into details, I'd like to start with our initiatives for fiscal 2019.We are intently focused on executing on our plan, elevating our brand and continuing to lay the groundwork for our growth drivers, including driving further operational efficiencies, evolving our digital marketing and e-commerce capabilities and continuing to evolve our speed and go-to-market process.We also see fiscal 2019 as a continuation of our transformation plan, positioning the business for profitable growth. We are in the process of updating our long-range plan. And once complete, we can provide an update on our outlook.
But as you can see from our results, we are well on our way to exceeding our initial targets we set last year for fiscal 2020.Next, as we enter fiscal 2019 and coming off a strong 2018, we have several opportunities ahead of us to continue our forward momentum. At the same time, we are making strategic decisions that will generate some top line pressure in the current year, but are in the best interest of the brand's long-term success. These actions include further rationalization of brick-and-mortar and online wholesale accounts, the implementation of a Classics product segmentation and allocation strategy, and continued optimization of our retail store footprint.But we plan to overcome these near-term revenue headwinds by continuing to invest in HOKA to drive growth in the U.S. through taking market share, gaining shelf space in premium distribution and driving traffic to our own e-commerce sites, taking full advantage of the momentum that this brand is building internationally and developing innovative product to win with the authentic running community.Additionally, we'll be building on UGG's strength as we see continued growth from expanding upon and building awareness of our men's line, offering compelling women's spring and summer product, and strategically bringing on new accounts that will expose the brand to a new and younger consumer.Finally, for Teva and Sanuk.
Both brands are in the process of rightsizing their international distribution in an effort to return to top line growth. Fiscal 2019 will be a continuation of that process with the goal of a return to more significant growth in fiscal 2020. As we position both brands to accelerate sales, we will do so in a way to maintain the healthy profitability margins they achieved last year. I think it's important to end with a reminder of our commitment to driving operating margins to over 13%, which will put us in the top quartile of industry levels.
We are ahead of plan on this front, but have more work to do and we'll continue to make improvements over the upcoming fiscal year.Our achievements in fiscal 2018 and the work the organization has been tasked with in 2019 will lay the foundation for the company to drive future growth and at the same time, maintain leading operating margin levels. As you've seen, this drives significant cash flow and returns value to shareholders, while at the same time preparing us for future growth. More than ever, I am excited about how the company is positioned and the potential that exists within our organization and in the marketplace.With that, I'll turn the call over to the operator for Q&A. Operator?
Questions and Answers:
Operator
[Operator Instructions] Our first question is from Jonathan Komp with Robert W. Baird.
Jonathan Komp -- Robert W. Baird
Yes. Hi, thank you. Dave, kind of a bigger picture question. I know the outlook for the year for 2019 you provided, you're looking about 2% top line growth and that's with about a $50 million drag on the UGG side with some of the changes you're making.
So in other words, you'd be pretty close to 5% on an underlying basis. So I'm wondering if that's more along the lines of the underlying growth that you think is capable of the portfolio or how you think about kind of the ongoing underlying revenue capability?
Dave Powers -- President and Chief Executive Officer
Yes, Jonathan, that's the right way to think about it. I think as we came off a really strong year and we saw success across all channels and particularly some of the help we got through a cold winter and positive weather for the brands, we think that there's opportunity there. But we're in this for the long term, and we want to make sure we set the UGG brand on the right path with regards to our transformation of the distributions in the marketplace, elevating the brand in the right accounts, continuing to rationalize the stores that we distribute the brand in, and segmenting based on consumer and where they shop by channels.So we feel that this is the right time to make sure that we reset that distribution, that we get a better handle and control on the Classics franchise, and maintain a clean and healthy inventory in the marketplace. So -- and that combined with the rationalization of the retail fleet, which you've already spoken about, from my perspective, is a very healthy strategy to maintain the health and integrity of the brand and to really set us up for profitable growth in the right channels with new consumers going forward.So it doesn't get in the way of us delivering on our 2020 targets.
We still think we can exceed the 2020 targets of $2 billion and 13%, and we're tracking toward that. But we've taken this opportunity this year to be realistic and smart about the distribution of the inventory.
Jonathan Komp -- Robert W. Baird
Got it. And just a follow-up on the 2020 targets on the margin side. Looking at 2018, exceeded the initial margin target by quite a wide margin. Could you maybe just kind of go back through maybe some of the factors that led to the upside? And then as you look forward, whether there is similar potential to show some upside? Or just what the different dynamics might be looking forward versus kind of the over-delivery looking backwards?
Dave Powers -- President and Chief Executive Officer
Sure. Yes, I think Steve and I can tag team that. But I think, obviously, the focus of the teams in getting after opportunities faster than we expected is a big part of that. A large part of the beat, obviously, was driven by the improvements in cost of goods and margin, cleaning up the channel and making sure that we have higher full-priced sales, fewer closeouts, and continuing to drive the efficiencies across the organization.
Certainly, we saw greater improvement in 2018 or FY '18 than we expected. We don't expect to see that level of acceleration in FY '19 because there's still work to do across the organization. But we will play that forward through '19 and stay on track for FY '20. Steve, do you want to add anything to that?
Steve Fasching -- Senior Vice President
Yes, Jon. Just to go back a little bit. And we talked about it on -- in the call that you just heard on the '17 to '18 improvement, largely driven by supply chain initiatives that we had talked about last year and some of it, as Dave mentioned, accelerating a little bit of that forward into '18. So '18 coming in a little bit better than what we had initially expected, but kind of guided to on our last call.
We also had, with favorable weather conditions, a better promotion and closeout in an environment. So some of that anticipated in terms of the closeout environment also a little bit better with weather. Those were kind of really the big drivers. There was a component of FX in there, about 40 basis points in the year. And then going forward, as you look at our guide for '19, as we indicated, there's a little bit of improvement a little more on the supply chain initiatives that's going to help us out.
A little -- we'll lose a little bit on the promotion environment as we have assumed a more normalized winter season. So we'll lose a little bit of ground there. Overall, we should pick up a little bit.
Jonathan Komp -- Robert W. Baird
OK. That's helpful. Thank you.
Operator
Our next question is from Camilo Lyon with Canaccord Genuity.
Camilo Lyon -- Canaccord Genuity Inc.
Thanks. Good afternoon, guys. Just going back to the '19 guidance. I guess, a couple of questions.
Dave, if you could just maybe articulate a little bit more about what you're talking about with respect to the Classic segmentation and what that should look like at the consumer level. And then if you can provide some context around the expectation of cancellations being greater than reorders in a scenario where it appears that the channel is very clean and you clearly talked about implicitly that indicates and how that kind of marries with one another. It seems that the Classic segmentation strategy and the ability to further focus on your distribution channels should make those channels actually healthier. So I'm just trying to understand and to put the pieces all together as to why we should expect to see such a big headwind of that $50 million on the UGG brand.
Dave Powers -- President and Chief Executive Officer
Yes. So with regards to the segmentation, and I like the way you frame it, what does that mean for the consumer. From my perspective, what that means for the consumer going into the individual channels is a more tailored assortment, specifically for that store and that consumer. So we've done a lot of work over the last couple of years to segment the line beyond the Classics franchise, making sure that we have the tiers covered between core and premium and pinnacle, and across kind of core department stores and new emerging use distribution.
And we felt this year, it was the right time to do the same with our Classics franchise.So we have gone through every account in North America and allocated what we think is the right assortment based off that channel. So when the consumer comes in, they will have a more tailored assortment specific to their style preference and also price, etc. We think this is the right thing to do. Obviously, as I said earlier, going forward for the continued premium positioning in the brand to make sure that the accounts that we are in, businesses for the long term are successful.
And all have a point of differentiation between each other. And that we're using styles beyond the core Classics franchise to excite that consumer.What this also does is it gives us an opportunity to show a broader assortment of product. And we've been talking about diversification within the product line for some time. And I think this is also part of our ability now to going forward and really relying less on the core Classic as a driver every season and allow ourselves to get more assortment of product out to the consumer and a broader-based, more balanced assortment going forward for the business.
Steve Fasching -- Senior Vice President
And then, Camilo, just how we tie that into kind of an assumption around cancellations versus net reorders. So as Dave mentioned, as we are allocating our Classic product, what we're actually selling into wholesale is more men's in spring/summer. So with the kind of a relatively flattish to down a little bit on the UGG business, we just thought it was conservative to assume that there would be some cancellations of that other product. So that's kind of how that fits into that strategy.
Camilo Lyon -- Canaccord Genuity Inc.
So that -- so your -- I can't remember the last time you actually embedded greater cancellations versus reorders when you're anticipating a normalized weather pattern. Do I have my memory correct in that -- in those 2?
Steve Fasching -- Senior Vice President
Yes. Well, I think the other factor that you have to consider is weather, too. So we're factoring a more normalized winter season, so that's going to be part of it, too. So coming out of a very strong year where we had net positive reorders kind of assuming with the change in wholesale what we're selling in, we just think it's right and conservative to take.
And it's not a big number. It's a small cancellation number.
Camilo Lyon -- Canaccord Genuity Inc.
OK. All right. So it seems like you're just making sure that all your wholesale channel partners, especially with the Classic franchise, is really tied on the inventory that they're presenting at -- during the season?
Dave Powers -- President and Chief Executive Officer
Right.
Camilo Lyon -- Canaccord Genuity Inc.
OK.
Dave Powers -- President and Chief Executive Officer
We want them to have a healthy inventory going into the season, high sell-through throughout the season. And there's opportunity for us with our inventory position to be able to help them through that, but really finishing the season clean as the result similar to what we saw this year because we think that's the right approach going forward, starting strong, high sell-through and finishing clean, which also gives us an opportunity to present more spring and summer product in the marketplace, because the clean situation on Classics allows for more investment in new emerging categories.
Camilo Lyon -- Canaccord Genuity Inc.
Understood. Last question I have is just on Koolaburra. If you could just provide an update. I think it's been well-received, like you said, in the family channel.
And just maybe some thoughts around how you want to expand the brand, particularly in light of this Classics -- more defined Classic segmentation?
Dave Powers -- President and Chief Executive Officer
Yes. I think in a lot of ways, this is part of the segmentation strategy and the elevation of the UGG brand. I'm very encouraged by the success of Koolaburra. It's early days and it's our second season, second year where some of our key accounts has been very strong.
What our customers are telling us is they appreciate the price points and they appreciate the margins and the full-priced sell-through of the brand. It's resonating well with that consumer, both on a style and a value perspective. And we're going to continue to expand distribution. You see we're doubling the business this year and looking for further category expansions beyond just kind of cool or cold weather product into spring and summer.But I think the tight focus on distribution, key accounts that we can get a lot of reach-through with, quite frankly, a little effort on our part with healthy product, high sell-through is the formula that we're learning a lot about, where we're very excited about and it's a first foray in the meaningful way into this what we call the kind of the family value channel. we're seeing great success so far with -- a lot of optimism for where that can go in the future.
Camilo Lyon -- Canaccord Genuity Inc.
That's great. Great job on the quarter, and good luck to the year.
Dave Powers -- President and Chief Executive Officer
Thank you.
Operator
Our next question is with Jim Duffy with Stifel.
Jim Duffy -- Stifel Financial Corp.
Thank you. Hello, everyone, and congratulations to the team. Really great progress last year. Clearly, a lot of hard work behind that. To start, I'd like to talk a little bit about the UGG brand trajectory in international markets and more so what you're assuming in international markets in the fiscal '19 guide.
Is there some of the same distribution work to do in international markets that you're referencing seemingly in the U.S.?
Dave Powers -- President and Chief Executive Officer
Yes, good question. So we're encouraged by the markets that we've been focusing on over the last 12, 18 months, which are really Germany and Europe and China as we continue to roll out our partner program there. So we'll continue to focus on those as the key growth drivers.What's nice about those markets because they are relatively new in the maturity of the brand is that it's a more balanced assortment and elevated new distribution, particularly in Germany. And so we're going to continue to drive investments and focus on growing those 2 markets.
Tons of opportunity, obviously, in both of them. Doing it in a quality way, doing it in a balanced way. Healthy inventories, healthy sell-through, healthy brand presentation. And we will continue to do that.We don't have the similar issues with rationalization of accounts across the international markets.
A little bit perhaps in the U.K., but we're also opening up new accounts to reach younger consumers. Having great success with accounts liked Asos, which is an online retail over there, which has proved to be a great vehicle for us to bring new products in the market and again, reach new consumers in a consolidated way.Little bit of cleanup between -- and as you know, we're closing stores, but some of that in Japan, kind of rightsizing some of the wholesale distribution there. But none of it to the extent of what we've been going through in North America. Much healthier position from us, particularly the new markets, as I said, in Germany and China, and we'll continue to focus on that.
Steve Fasching -- Senior Vice President
Yes, Jim. Just to give you a little bit more color on the domestic versus wholesale. So the strategic decisions that we've been talking about, Dave just mentioned, that's largely a dynamic in the North American and U.S. market.
So that's where we're seeing kind of a year-over-year decline. So as we've guided UGG down a little bit on the year, that's really being driven by that domestic component. The international wholesale distributor business is up year on year in our consent -- in the guidance that we've given for the year. So we expect Europe to be a grower in the UGG business.
Jim Duffy -- Stifel Financial Corp.
Great. And then, Dave, can you give us a little more color on the talk of new accounts driving uptake of a broader range of style, some of the accounts you think will help you reach younger consumers?
Dave Powers -- President and Chief Executive Officer
Yes. As you know, we started a couple of years ago with testing some new accounts as we're transforming and kind of repositioning the marketplace. But we did some initial accounts with Footaction; and 602, part of the Foot Locker group; Urban Outfitters; Asos, as I mentioned, in Europe; Zalando. Those are good examples of brand-new distributions that is a younger consumer that I don't really feel crosses over too much with our core department store distribution, particularly through a fashion sensibility perspective and price point.So those have been very successful so far.
I don't want to get ahead of myself, but I think there's a lot of opportunity there going forward. And the way that the team has repositioned the UGG brand with a little bit more of a fashion edge leveraging the California lifestyle positioning, the new product is resonating. And I think that, as I said or as you heard in the script, we talked about the brand heat and YouGov tracking. It's starting to resonate, and the younger consumer is reaching out to the brand online.
We're driving traffic through our social channels and e-commerce channels. And we're working closely with those new accounts to give them the assortment that is right for their channel and their consumer, and so far that's working. And we see significant opportunity there going forward.
Jim Duffy -- Stifel Financial Corp.
Very good. Thank you.
Dave Powers -- President and Chief Executive Officer
Thank you.
Operator
Our next question is with Chris Svezia with Wedbush.
Chris Svezia -- Wedbush Securities
Good afternoon, everyone and everybody. And thanks for taking my questions and congratulations. I guess, first I'm just curious, Dave, for you. When you think about the UGG brand and the rationalization you're going to be doing in 2019, how do we think beyond 2019 into 2020? Do you anticipate still some continuation of these efforts? Or is this really just this year, this repositioning in which 2020 you can continue to see faster growth out of the UGG brand? Just curious how you think about the timing of all this.
Dave Powers -- President and Chief Executive Officer
Yes. It's an evolving marketplace, and so I think you'll see the majority of the cleanup happen this year. But as things evolve and consumer patterns shift, we'll see -- we'll continue to evaluate that. I think we're very focused on the long-term goal of elevating the brand and maintaining that kind of premium positioning.What it does, though, is it also allows us, as I said, to better diversify the distribution through channels and consumer.
And I think we're starting to see early success of that protecting our core heritage distribution with key partners like Nordstrom and Dillard's, but opening up some of these new accounts, which I think over time can be meaningful.And so we haven't as well end up with a more elevated presentation across the marketplace for that kind of core heritage business as well as kind of call it youth lifestyle distribution in a quality way. And I think what you'll end up seeing starting in FY '20 is a return to healthier growth in '21 for the UGG brand, particularly in North America as a result of that.
Chris Svezia -- Wedbush Securities
OK Thank you. And you made some reference with regard to sell-in of spring products for the UGG brand for sandals and I think sneakers. I believe it was double-digits. Could you just clarify what you said the actual sell-through was?
Dave Powers -- President and Chief Executive Officer
Yes. We didn't get into specifics on sell-through. But the sell-in was received well, so meaning that what we show the customers, they bought a broader assortment and deeper than they have in the past. And part of that had to do with our helping them with inventory and freeing up some open-to-buy in spring and summer.
But the reports so far and what we're seeing in the key categories of sneakers and sandals and fashion slippers, the sell-throughs are strong, both across men's and women's. And we think that's going to lead to further growth and investment in that category -- those categories going forward.
Steve Fasching -- Senior Vice President
Yes. I think, Chris, on that too, you made the reference in just kind of the season start was a little bit later this year. So when we saw the weather turn, it was cold on the northeast. When that weather started to turn, I think with others, as they saw an uptick in spring product, we saw a big uptick in the sell-through of the spring product.
So we're seeing it, but we're also seeing a nice pickup on our product.
Dave Powers -- President and Chief Executive Officer
And that's also reflected in the DTC comps for the quarter.
Chris Svezia -- Wedbush Securities
Yes, yes. Got it. OK. Finally, just want to -- just in terms of the gross margin SG&A cadence.
Any color you can add about how we think about that as we move forward some of the puts and takes. It seems like based on your guidance, potentially SG&A dollars are flat to down in the back half of the year. And I would assume that most of the gross margin programs would be somewhat front half-loaded just given the comparisons. Or any color you can provide about that?
Tom George -- Chief Financial Officer
Yes. Chris, this is Tom. I think you hit it in terms of SG&A guidance for the back half of the year is more flattish to down. And in terms of gross margin expansion, you hit it.
I mean, it's more of the front half of the year. I think some -- to point it out in the fourth quarter on the gross margin, that's where we don't expect as favorable promotional environment so you could see some decline in the fourth-quarter gross margin.
Chris Svezia -- Wedbush Securities
OK. Fair enough. Thank you for the color and all the best. Appreciate it.
Dave Powers -- President and Chief Executive Officer
Thank you.
Steve Fasching -- Senior Vice President
Thanks, Chris.
Operator
Our next question is with Mitchel Kummetz with Pivotal Research.
Mitchel Kummetz -- Pivotal Research
Yes. Thanks for taking my questions. I just want to drill down on gross margins and maybe the sales outlook as well for 2018. So -- I'm sorry, for 2019.
So for 2018, it looks like your gross margin was up a couple hundred basis points, maybe a little bit better than that.Steve, I think you said that the majority of that was on the supply chain, but then some of it was due to fewer promotions, less closeouts. Can you -- is it possible to quantify the benefit that you received in 2018 on the promotions and closeouts relative to kind of what your plan was?
Steve Fasching -- Senior Vice President
Yes. So what I can do is I'll give it on the year on year. So we finished '17 at 46.7%. We finished '18 at 48.9%, roughly 220 basis point improvement year-on year.
120 basis points of that really came from supply chain initiatives that we drove. And as I mentioned, some of that was an acceleration of things that we had initially planned happening later, happening in FY '18. So that's why it's a little bit higher than what we had originally guided to. The promotions and the closeouts were worth about 80 basis points.
We got a lift from FX of about 40 basis points in the year. So that's pretty much your 220.
Mitchel Kummetz -- Pivotal Research
And then for 2019, you said you -- go ahead, I'm sorry.
Steve Fasching -- Senior Vice President
Yes. I was going to say for 2019, so kind of starting at that 48.9 gross margin percent getting into something around 49-ish or better, coming from additional supply chain initiatives, call it, roughly 30 basis points. FX, we think will be another 30 basis points. And then that will get offset by assumptions around a more normalized winter.So we'll lose probably, we're figuring around 20 basis points.
And then we'll lose a little bit with channel mix. So as we increase our wholesale business in proportion, we'll lose a little bit on the gross margin there. So netting a little better than 10 basis points on the year.
Mitchel Kummetz -- Pivotal Research
OK. That color is really helpful. And then secondly, on the sales side, so I know that you're planning UGG down a little bit for the year. But in 2018, I know that UGG came in better than planned.
I think it was up 4% and you had particularly strong going through the back half of the year. I'm just wondering how much of that normal growth was due to reorders and cancellations that were sort of better than expected because of the weather? And is there any sort of plan to give some of that back in 2019 as well?
Steve Fasching -- Senior Vice President
Yes. So if you -- the way we've looked at the kind of the year and the weather impact, it's always difficult to figure out exactly how much is weather. I think what you heard us talk about on the call last quarter with our beat in 3Q, roughly we got about $30 million of additional wholesale reorders that we attributed largely to weather. We think there was also about a $10 million pickup in DTC business.
We think there was about a $10 million pickup in Q4 in DTC due to continuation of favorable weather conditions. So hard to gauge, but in the ballpark of, call it, 50-ish or more million.
Mitchel Kummetz -- Pivotal Research
Got it. And is there any plan to give some of that back in 2019, or?
Steve Fasching -- Senior Vice President
Yes, there is a plan. Yes, as we've assumed in the guide a more normalized winter, we are not making those assumptions. So to Camilo's question about kind of cancellations and so forth, we have assumed in the guide a more normalized, whatever that means, winter, right, and we will give some of that back.
Mitchel Kummetz -- Pivotal Research
Got it. OK. All right. That's very helpful.
Thank you.
Steve Fasching -- Senior Vice President
Thanks, Mitch.
Operator
Ladies and gentlemen, we have reached the end of our question-and-answer session. And I would like to hand the call back over to Dave Powers for closing remarks.
Dave Powers -- President and Chief Executive Officer
In closing, I'd like to thank the entire Deckers organization for their tireless efforts and their execution on our plan, their ongoing focus to optimize our brands in the marketplace and their work to position the organization for growth.I'm exceptionally proud of the entire team and the accomplishments achieved last year in a challenging environment. I'd also like to thank our Board of Directors for their support and contributions over the past year. And lastly, as we drive the business forward, thanks to our shareholders for their continued support as well. Thank you.
Operator
[Operator signoff]
Duration: 54 minutes
Call Participants:
Operator
Steve Fasching -- Senior Vice President
Dave Powers -- President and Chief Executive Officer
Tom George -- Chief Financial Officer
Jonathan Komp -- Robert W. Baird
Camilo Lyon -- Canaccord Genuity Inc.
Jim Duffy -- Stifel Financial Corp.
Chris Svezia -- Wedbush Securities
Mitchel Kummetz -- Pivotal Research
More DECK analysis
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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10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Deckers Outdoor wasn't one of them! Deckers Outdoor (NYSE: DECK) Q4 2018 Earnings Conference Call May.
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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. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Deckers Outdoor wasn't one of them! Operator [Operator signoff] Duration: 54 minutes Call Participants: Operator Steve Fasching -- Senior Vice President Dave Powers -- President and Chief Executive Officer Tom George -- Chief Financial Officer Jonathan Komp -- Robert W. Baird Camilo Lyon -- Canaccord Genuity Inc. Jim Duffy -- Stifel Financial Corp. Chris Svezia -- Wedbush Securities Mitchel Kummetz -- Pivotal Research More DECK analysis This article is a transcript of this conference call produced for The Motley Fool.
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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. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Deckers Outdoor wasn't one of them! Operator [Operator signoff] Duration: 54 minutes Call Participants: Operator Steve Fasching -- Senior Vice President Dave Powers -- President and Chief Executive Officer Tom George -- Chief Financial Officer Jonathan Komp -- Robert W. Baird Camilo Lyon -- Canaccord Genuity Inc. Jim Duffy -- Stifel Financial Corp. Chris Svezia -- Wedbush Securities Mitchel Kummetz -- Pivotal Research More DECK analysis This article is a transcript of this conference call produced for The Motley Fool.
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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. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Deckers Outdoor wasn't one of them! Operator [Operator signoff] Duration: 54 minutes Call Participants: Operator Steve Fasching -- Senior Vice President Dave Powers -- President and Chief Executive Officer Tom George -- Chief Financial Officer Jonathan Komp -- Robert W. Baird Camilo Lyon -- Canaccord Genuity Inc. Jim Duffy -- Stifel Financial Corp. Chris Svezia -- Wedbush Securities Mitchel Kummetz -- Pivotal Research More DECK analysis This article is a transcript of this conference call produced for The Motley Fool.
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After-Hours Earnings Report for May 24, 2018 : ROST, ADSK, DXC, SPLK, GPS, VEEV, NTNX, VSAT, DECK, EGHT, PLUS, QSII
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The following companies are expected to report earnings after hours on 05/24/2018. Visit our Earnings Calendar for a full list of expected earnings releases.
Ross Stores, Inc. ( ROST ) is reporting for the quarter ending April 30, 2018. The discount retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.06. This value represents a 29.27% increase compared to the same quarter last year. In the past year ROST has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 5.38%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for ROST is 20.50 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Autodesk, Inc. ( ADSK ) is reporting for the quarter ending April 30, 2018. The computer software company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.18. This value represents a 58.14% increase compared to the same quarter last year. Zacks Investment Research reports that the Price to Earnings ratio for ADSK is 0.00 vs. an industry ratio of -640.70, implying that they will have a higher earnings growth than their competitors in the same industry.
DXC Technology Company ( DXC ) is reporting for the quarter ending March 31, 2018. The information technology services company's consensus earnings per share forecast from the 9 analysts that follow the stock is $2.19. This value represents a 90.43% increase compared to the same quarter last year. In the past year DXC has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 8.04%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DXC is 12.75 vs. an industry ratio of 62.90.
Splunk Inc. ( SPLK ) is reporting for the quarter ending April 30, 2018. The internet software company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.59. This value represents a 15.71% increase compared to the same quarter last year. SPLK missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -28.89%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for SPLK is -102.29 vs. an industry ratio of -51.90.
Gap, Inc. ( GPS ) is reporting for the quarter ending April 30, 2018. The retail (shoe) company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.45. This value represents a 25.00% increase compared to the same quarter last year. In the past year GPS has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 3.39%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for GPS is 12.25 vs. an industry ratio of 22.10.
Veeva Systems Inc. ( VEEV ) is reporting for the quarter ending April 30, 2018. The internet software company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.23. This value represents a 64.29% increase compared to the same quarter last year. VEEV missed the consensus earnings per share in the 4th calendar quarter of 2017 by -6.25%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for VEEV is 78.33 vs. an industry ratio of -51.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Nutanix, Inc. ( NTNX ) is reporting for the quarter ending April 30, 2018. The information technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.44. This value represents a 42.86% increase compared to the same quarter last year. In the past year NTNX has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 14.89%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for NTNX is -35.39 vs. an industry ratio of 62.90.
ViaSat, Inc. ( VSAT ) is reporting for the quarter ending March 31, 2018. The wireless equipment company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.41. This value represents a 373.33% decrease compared to the same quarter last year. VSAT missed the consensus earnings per share in the 4th calendar quarter of 2017 by -86.67%. The "days to cover" for this stock exceeds 32 days. Zacks Investment Research reports that the 2018 Price to Earnings ratio for VSAT is -54.15 vs. an industry ratio of 6.40.
Deckers Outdoor Corporation ( DECK ) is reporting for the quarter ending March 31, 2018. The shoes & retail apparel company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.18. This value represents a 63.64% increase compared to the same quarter last year. In the past year DECK has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 29.43%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DECK is 18.94 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry.
8x8 Inc ( EGHT ) is reporting for the quarter ending March 31, 2018. The communications company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.05. This value represents a 400.00% decrease compared to the same quarter last year. The last two quarters EGHT had negative earnings surprises; the latest report they missed by -75%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for EGHT is -144.33 vs. an industry ratio of -18.20.
ePlus inc. ( PLUS ) is reporting for the quarter ending March 31, 2018. The business software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.99. This value represents a 25.32% increase compared to the same quarter last year. In the past year PLUS has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for PLUS is 21.78 vs. an industry ratio of -586.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Quality Systems, Inc. ( QSII ) is reporting for the quarter ending March 31, 2018. The medical information systems company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.11. This value represents a 38.89% decrease compared to the same quarter last year. QSII missed the consensus earnings per share in the 4th calendar quarter of 2017 by -25%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2018 Price to Earnings ratio for QSII is 26.60 vs. an industry ratio of 17.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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 reporting for the quarter ending March 31, 2018. In the past year DECK has beat the expectations every quarter. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DECK is 18.94 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry.
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Deckers Outdoor Corporation ( DECK ) is reporting for the quarter ending March 31, 2018. In the past year DECK has beat the expectations every quarter. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DECK is 18.94 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2018 Price to Earnings ratio for DECK is 18.94 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry. Deckers Outdoor Corporation ( DECK ) is reporting for the quarter ending March 31, 2018. In the past year DECK has beat the expectations every quarter.
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In the past year DECK has beat the expectations every quarter. Deckers Outdoor Corporation ( DECK ) is reporting for the quarter ending March 31, 2018. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DECK is 18.94 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry.
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dc9c2c93-3f75-4e0d-8cdf-70ad5de403f8
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724350.0
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2018-05-24 00:00:00 UTC
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Nobody's Saying "Ugg" About This Shoemaker's Results
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DECK
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https://www.nasdaq.com/articles/nobodys-saying-ugg-about-shoemakers-results-2018-05-24
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nan
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Sheepskin-lined boots can be cozy and warm during the winter months, and the popular Ugg line of footwear has been the biggest contributor to Deckers Outdoor 's (NYSE: DECK) success over the years. Fashion trends can be fickle, though, and a slump from 2015 until last year left some shareholders looking for better alternatives for Deckers to pursue.
Coming into Thursday's fiscal fourth-quarter financial report, Deckers investors wanted more concrete evidence that the shoemaker is on the right path. Deckers' results gave shareholders almost exactly what they wanted to see, pointing toward renewed growth and pushing the stock ever closer to its all-time record highs from 2011.
Deckers Outdoor stays hot
Deckers Outdoor's fiscal fourth-quarter results confirmed that the footwear specialist is seeing its growth accelerate. Revenue rose 8% to $400.7 million, doing far better than the sluggish 2% growth rate most investors were looking to see. The company reversed a year-ago loss, and adjusted earnings of $0.50 per share were markedly higher than the $0.19 per share consensus forecast among those following the stock.
Fundamental strength throughout Deckers' entire brand line was essential in producing the favorable numbers. Uggs segment sales were higher by 6% from year-ago levels, making up more than 60% of total sales for the company. The red-hot Hoka One One line of shoes continued its outperformance, with sales of the brand soaring by more than a third. Growth in the Teva slipper line amounted to 7%, while even the long-struggling Sanuk product offering managed to see its sales climb 10% compared to the fourth quarter of fiscal 2017.
Looking at Deckers' channels, a more typical relationship reasserted itself during the quarter. Wholesale net sales were up 2% for the quarter, reflecting in large part the ongoing challenges that brick-and-mortar resellers are having with their traffic overall. Yet the direct-to-consumer segment saw sales soar 18% from year-ago levels, with comparable sales rising 15%. Geographically, U.S. and international growth rates were almost identical during the quarter at between 8% and 9%.
CEO Dave Powers was happy with the performance. "We closed fiscal 2018 on a high note," Powers said, "as we exceeded expectations for the fifth consecutive quarter." The CEO pointed to record revenue for the full fiscal year and a massive improvement in operating margin and earnings as evidence of the success of the company's broader strategic vision.
What's ahead for Deckers Outdoor?
Deckers is convinced that it's on track to keep moving in the right direction. Following Deckers' adjusted earnings growth of 50% for the full year, Powers thinks the company can "enhance its industry competitiveness through the continued execution of our operating profit improvement plan and strategic focus."
Guidance for the coming 2019 fiscal year was also encouraging. The company expects to bring in net sales of $1.925 billion to $1.95 billion, which is consistent with the consensus forecast among those who are watching Deckers. Adjusted earnings of $6.20 to $6.40 per share would be well above the $5.97 per share that most expect to see, and Deckers expects good margin performance to continue. For the typically slow fiscal first quarter, Deckers projects sales of $225 million to $235 million and net losses of $1.41 to $1.50 per share.
Finally, Deckers ramped up its repurchase efforts, spending $125 million to buy back 1.34 million shares. With the stock price now back above $100, the move looks well timed, and Deckers says it has more than $250 million remaining in authorized repurchase capacity as of March 31.
Deckers shareholders celebrated the news, and the stock was higher by 4% in after-hours trading following the announcement. With the company's potential turning point now behind it, fiscal 2019 could be a year of reaping the rewards for patient investors in the shoemaker.
10 stocks we like better than Deckers Outdoor
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Dan Caplinger 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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Sheepskin-lined boots can be cozy and warm during the winter months, and the popular Ugg line of footwear has been the biggest contributor to Deckers Outdoor 's (NYSE: DECK) success over the years. Following Deckers' adjusted earnings growth of 50% for the full year, Powers thinks the company can "enhance its industry competitiveness through the continued execution of our operating profit improvement plan and strategic focus." Fashion trends can be fickle, though, and a slump from 2015 until last year left some shareholders looking for better alternatives for Deckers to pursue.
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For the typically slow fiscal first quarter, Deckers projects sales of $225 million to $235 million and net losses of $1.41 to $1.50 per share. Sheepskin-lined boots can be cozy and warm during the winter months, and the popular Ugg line of footwear has been the biggest contributor to Deckers Outdoor 's (NYSE: DECK) success over the years. Fashion trends can be fickle, though, and a slump from 2015 until last year left some shareholders looking for better alternatives for Deckers to pursue.
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Deckers Outdoor stays hot Deckers Outdoor's fiscal fourth-quarter results confirmed that the footwear specialist is seeing its growth accelerate. For the typically slow fiscal first quarter, Deckers projects sales of $225 million to $235 million and net losses of $1.41 to $1.50 per share. 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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Deckers Outdoor stays hot Deckers Outdoor's fiscal fourth-quarter results confirmed that the footwear specialist is seeing its growth accelerate. Adjusted earnings of $6.20 to $6.40 per share would be well above the $5.97 per share that most expect to see, and Deckers expects good margin performance to continue. For the typically slow fiscal first quarter, Deckers projects sales of $225 million to $235 million and net losses of $1.41 to $1.50 per share.
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502dfe31-f420-4749-b6fb-3a264ed3e5af
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724351.0
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2018-05-24 00:00:00 UTC
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Deckers Outdoor Corp Stock Pops on Q4 Earnings Beat
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-stock-pops-q4-earnings-beat-2018-05-24
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Deckers Outdoor Corp (NYSE: DECK ) reported its latest quarterly earnings results after the bell Thursday, which came in well ahead of Wall Street's consensus estimate.
The footwear designer and distribution unveiled earnings of $20.62 million for its fourth quarter of fiscal 2018, which topped the company's earnings of $15.70 million from the year-ago quarter. The figure amounted to 66 cents per share, compared to the 49 cents per share it brought in during the fourth quarter of fiscal 2017.
On an adjusted basis, the company posted earnings of $15.70 million, or 50 cents per share, ahead of the 19 cents per share that analysts were calling for. Deckers Outdoor's revenue was $400.69 million for the period, a 6.6% increase on a constant currency basis from the $369.47 million from the year-ago period.
The company's UGG brand saw a 6% surge in its sales, while its Teva brand had a good period, experiencing a 7.3% growth. Deckers Outdoor's gross margin improved by 220 bps to amount to 48.9% of sales off the extra leverage.
Its DTC net sales were up by 18.1% to $177.6 million. For its first quarter of fiscal 2019, Deckers Outdoors predicts earnings in the range of a loss of $1.50 per share to a loss of $1.41 per share, while revenue is slated to be between $225 million to $235 million.
For fiscal 2019, it sees its net sales as being in the range of $1.93 billion to $1.95 billion, while earnings are slated to be between $6.20 to $6.40 per share. Wall Street projects earnings of $6.02 per share.
DECK stock was up about 4.3% after hours on the company's earnings beat.
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The post Deckers Outdoor Corp Stock Pops on Q4 Earnings Beat 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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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Deckers Outdoor Corp (NYSE: DECK ) reported its latest quarterly earnings results after the bell Thursday, which came in well ahead of Wall Street's consensus estimate. Deckers Outdoor's gross margin improved by 220 bps to amount to 48.9% of sales off the extra leverage. Deckers Outdoor's revenue was $400.69 million for the period, a 6.6% increase on a constant currency basis from the $369.47 million from the year-ago period.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Deckers Outdoor Corp (NYSE: DECK ) reported its latest quarterly earnings results after the bell Thursday, which came in well ahead of Wall Street's consensus estimate. For its first quarter of fiscal 2019, Deckers Outdoors predicts earnings in the range of a loss of $1.50 per share to a loss of $1.41 per share, while revenue is slated to be between $225 million to $235 million. Deckers Outdoor's revenue was $400.69 million for the period, a 6.6% increase on a constant currency basis from the $369.47 million from the year-ago period.
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For its first quarter of fiscal 2019, Deckers Outdoors predicts earnings in the range of a loss of $1.50 per share to a loss of $1.41 per share, while revenue is slated to be between $225 million to $235 million. More From InvestorPlace 25 Unstoppable Stocks to Buy No Matter What 11 Stocks You Should Be Buying This Summer 7 Dividend Aristocrats That Could Outpace the Market 10 Sports Betting Stocks to Sink Your Teeth Into Compare Brokers The post Deckers Outdoor Corp Stock Pops on Q4 Earnings Beat appeared first on InvestorPlace . InvestorPlace - Stock Market News, Stock Advice & Trading Tips Deckers Outdoor Corp (NYSE: DECK ) reported its latest quarterly earnings results after the bell Thursday, which came in well ahead of Wall Street's consensus estimate.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Deckers Outdoor Corp (NYSE: DECK ) reported its latest quarterly earnings results after the bell Thursday, which came in well ahead of Wall Street's consensus estimate. Deckers Outdoor's revenue was $400.69 million for the period, a 6.6% increase on a constant currency basis from the $369.47 million from the year-ago period. For its first quarter of fiscal 2019, Deckers Outdoors predicts earnings in the range of a loss of $1.50 per share to a loss of $1.41 per share, while revenue is slated to be between $225 million to $235 million.
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ca96b1a1-a93f-4165-8095-2739c668619b
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724352.0
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2018-05-22 00:00:00 UTC
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Will Wall Street See a Q4 Earnings Beat From Deckers (DECK)?
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DECK
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https://www.nasdaq.com/articles/will-wall-street-see-a-q4-earnings-beat-from-deckers-deck-2018-05-22
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Deckers Outdoor CorporationDECK is slated to report fourth-quarter fiscal 2018 results on May 24. In the trailing four quarters, this Goleta, CA-based footwear and apparel retailer has outperformed the Zacks Consensus Estimate by an average of 96.4%. In the last reported quarter, the company delivered a positive earnings surprise of 29.4%.
Investors are counting on another beat by Deckers in the to-be-reported quarter. Let's delve deeper and take a look at the factors that will be influencing the results.
Here Are the Deciding Factors
Deckers is targeting profitable markets and remains focused on product innovations as well as store augmentation plan. Also, the company's focus on expanding brand assortments, bringing more innovative line of products, targeting consumers through marketing and optimizing omni-channel distribution bode well. In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and opening smaller concept omni-channel outlets.
Additionally, the company has undertaken strategic initiatives in an effort to drive long-term growth. Its store-fleet optimization plan focuses on striking the right balance between digital and physical stores. Deckers also expects cost savings of about $150 million backed by improvement in cost of goods sold and SG&A savings, which includes consolidation of retail outlets and process improvement efficiencies. This in turn should help it realize $100-million operating profit improvement by fiscal 2020.
Management had earlier guided fourth quarter net sales in the range of $370-$375 million compared with $369.5 million reported in the year-ago period. The company had forecasted earnings in the range of approximately 15-20 cents compared with 11 cents a share delivered in the prior-year quarter.
However, industry experts remain concerned about Deckers' over-reliance on the UGG brand. In the event of stagnation or decline of UGG sales growth, the company's overall results will be adversely affected. This is because the percentage of contribution from the company's other brands are too minimal to offset any slowdown in UGG sales.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote
How Are Top & Bottom Line Estimates Faring?
After registering a bottom-line increase of 21% in the third quarter of fiscal 2018, Deckers is likely to record year-over-year growth of more than 60% in the fourth quarter. The Zacks Consensus Estimate for the quarter under review is pegged at 18 cents compared with 11 cents reported in the year-ago quarter. We note that the Zacks Consensus Estimate has been stable in the last 30 days. Analysts polled by Zacks now project revenues of $377.3 million, up approximately 2% from the year-ago quarter.
If all goes well, this will be the fifth straight quarter that the company will surpass the Zacks Consensus Estimate for both the top and bottom lines.
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 +23.37% and a Zacks Rank #3. This makes us reasonably confident that it is likely to outperform estimates.
Other Stocks With Favorable Combination
Here are some 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:
Best Buy BBY has an Earnings ESP of +2.01% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Costco COST has an Earnings ESP of +1.39% and a Zacks Rank #3.
Kroger KR has an Earnings ESP of +3.94% and a Zacks Rank #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
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Costco Wholesale Corporation (COST): Free Stock Analysis Report
The Kroger Co. (KR): 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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Here Are the Deciding Factors Deckers is targeting profitable markets and remains focused on product innovations as well as store augmentation plan. In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and opening smaller concept omni-channel outlets. Deckers Outdoor CorporationDECK is slated to report fourth-quarter fiscal 2018 results on May 24.
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Here Are the Deciding Factors Deckers is targeting profitable markets and remains focused on product innovations as well as store augmentation plan. Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote How Are Top & Bottom Line Estimates Faring? Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report The Kroger Co. (KR): 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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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote How Are Top & Bottom Line Estimates Faring? Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report The Kroger Co. (KR): 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 fourth-quarter fiscal 2018 results on May 24.
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Here Are the Deciding Factors Deckers is targeting profitable markets and remains focused on product innovations as well as store augmentation plan. Deckers Outdoor CorporationDECK is slated to report fourth-quarter fiscal 2018 results on May 24. Investors are counting on another beat by Deckers in the to-be-reported quarter.
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880c999e-42e9-4c7b-a9a9-3ac563f8aa98
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724353.0
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2018-05-22 00:00:00 UTC
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Things You Need to Know Before Best Buy's (BBY) Q1 Earnings
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DECK
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https://www.nasdaq.com/articles/things-you-need-to-know-before-best-buys-bby-q1-earnings-2018-05-22
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nan
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nan
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Best Buy Co., Inc.BBY is slated to report first-quarter fiscal 2019 results on May 24. In the last reported quarter, the company outpaced the Zacks Consensus Estimate by 18%. Notably, it has surpassed earnings estimates in the trailing four quarters with an average beat of 19.1%. Let's see, how things are shaping up prior to this announcement.
How Are Top & Bottom-Line Estimates Faring?
After registering a bottom-line increase of 18.1% in the fourth quarter of fiscal 2018, Best Buy is likely to record year-over-year growth of 25% in first-quarter fiscal 2019. The Zacks Consensus Estimate for the quarter under review is pegged at 75 cents compared with 60 cents reported in the year-ago quarter. We note that the company's Zacks Consensus Estimate has increased by a penny in the last 30 days. Analysts now project $8.77 billion revenues, up from $8.53 billion in the year-ago quarter.
If the estimates are taken into consideration, this is going to be the second straight quarter of an earnings and revenue beat for the company.
Best Buy Co., Inc. Price, Consensus and EPS Surprise
Best Buy Co., Inc. Price, Consensus and EPS Surprise | Best Buy Co., Inc. Quote
Deciding Factors
Robust domestic and international sales are likely to drive the company's results in the first quarter. Analysts surveyed by Zacks expect domestic revenues of $8,091 million, up 2.7% year over year while international revenues are also anticipated to increase nearly 3.6% to $638 million.
Best Buy is making extensive investments to upgrade operations with special focus on developing omni-channel capabilities and strengthening partnership with vendors. In recent quarters, the company reported a massive gain in domestic comparable online sales on the back of conversion rates and higher average order values.
Following the successful completion of "Renew Blue" program, the company launched a fresh strategy called "Best Buy 2020: Building the New Blue" to explore and pursue growth opportunities, cost optimization and investing in people as well as systems to drive growth. In addition, management earlier projected first-quarter fiscal 2019 Enterprise revenues of $8.65-$8.75 billion and comparable sales increase of 1.5-2.5%. Management also anticipated adjusted earnings of 68-73 cents a share.
In the fiscal first quarter, the company expects domestic comparable sales to rise 1.5-2.5% while international comparable sales are estimated flat to up 3%.
However, analysts believe that an increase in investment to boost e-commerce operations and supply chains to counter competition might strain margins. Moreover, challenging retail landscape and waning store traffic may weigh on the company's performance.We also note that SG&A expenses have increased 18.6%, 2.2% and 3.2% in the fourth, third and second quarter of fiscal 2018, respectively.
Additionally, management hinted earlier that higher investments in supply chain and increased transportation costs are likely to weigh upon gross profit of the Domestic business by approximately 25 basis points in each quarter.
What the Zacks Model Unveils
Our proven model shows that Best Buy is likely to beat estimates this quarter as the stock has the right combination of two key ingredients - a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) - for this to happen.
Best Buy has an Earnings ESP of +2.01%, which, when combined with the company's Zacks Rank #2, increases the chances of an earnings beat.
Other Stocks Poised to Beat Earnings Estimates
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 earnings beat.
Deckers Outdoor Corporation DECK has an Earnings ESP of +23.37% and a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here .
Costco Wholesale Corporation COST has an Earnings ESP of +1.39% and a Zacks Rank #3.
Kroger KR has an Earnings ESP of +3.94% and a Zacks Rank #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
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Costco Wholesale Corporation (COST): Free Stock Analysis Report
The Kroger Co. (KR): 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 +23.37% and a Zacks Rank #3. Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report The Kroger Co. (KR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. In recent quarters, the company reported a massive gain in domestic comparable online sales on the back of conversion rates and higher average order values.
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Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report The Kroger Co. (KR): 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 +23.37% and a Zacks Rank #3. Best Buy Co., Inc. Price, Consensus and EPS Surprise Best Buy Co., Inc. Price, Consensus and EPS Surprise | Best Buy Co., Inc. Quote Deciding Factors Robust domestic and international sales are likely to drive the company's results in the first quarter.
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Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report The Kroger Co. (KR): 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 +23.37% and a Zacks Rank #3. What the Zacks Model Unveils Our proven model shows that Best Buy is likely to beat estimates this quarter as the stock has the right combination of two key ingredients - a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) - for this to happen.
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Deckers Outdoor Corporation DECK has an Earnings ESP of +23.37% and a Zacks Rank #3. Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report The Kroger Co. (KR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. After registering a bottom-line increase of 18.1% in the fourth quarter of fiscal 2018, Best Buy is likely to record year-over-year growth of 25% in first-quarter fiscal 2019.
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04d655c2-e307-40d7-9358-0d95b3b9312c
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724354.0
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2018-05-18 00:00:00 UTC
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Friday's ETF with Unusual Volume: IYK
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DECK
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https://www.nasdaq.com/articles/fridays-etf-unusual-volume-iyk-2018-05-18
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nan
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The iShares U.S. Consumer Goods ETF ( IYK ) is seeing unusually high volume in afternoon trading Friday, with over 163,000 shares traded versus three month average volume of about 35,000. Shares of IYK were down about 0.5% on the day.
Components of that ETF with the highest volume on Friday were Campbell Soup ( CPB ), trading off about 11.7% with over 20.8 million shares changing hands so far this session, and Ford Motor ( F ), off about 1% on volume of over 12.3 million shares. Deckers Outdoor ( DECK ) is the component faring the best Friday, up by about 2.2% on the day.
VIDEO: Friday's ETF with Unusual Volume: IYK
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 ) is the component faring the best Friday, up by about 2.2% on the day. The iShares U.S. Consumer Goods ETF ( IYK ) is seeing unusually high volume in afternoon trading Friday, with over 163,000 shares traded versus three month average volume of about 35,000. Components of that ETF with the highest volume on Friday were Campbell Soup ( CPB ), trading off about 11.7% with over 20.8 million shares changing hands so far this session, and Ford Motor ( F ), off about 1% on volume of over 12.3 million shares.
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Deckers Outdoor ( DECK ) is the component faring the best Friday, up by about 2.2% on the day. The iShares U.S. Consumer Goods ETF ( IYK ) is seeing unusually high volume in afternoon trading Friday, with over 163,000 shares traded versus three month average volume of about 35,000. VIDEO: Friday's ETF with Unusual Volume: IYK The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor ( DECK ) is the component faring the best Friday, up by about 2.2% on the day. The iShares U.S. Consumer Goods ETF ( IYK ) is seeing unusually high volume in afternoon trading Friday, with over 163,000 shares traded versus three month average volume of about 35,000. Components of that ETF with the highest volume on Friday were Campbell Soup ( CPB ), trading off about 11.7% with over 20.8 million shares changing hands so far this session, and Ford Motor ( F ), off about 1% on volume of over 12.3 million shares.
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Deckers Outdoor ( DECK ) is the component faring the best Friday, up by about 2.2% on the day. The iShares U.S. Consumer Goods ETF ( IYK ) is seeing unusually high volume in afternoon trading Friday, with over 163,000 shares traded versus three month average volume of about 35,000. Shares of IYK were down about 0.5% on the day.
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c43e5086-7923-476f-9f9c-f6187105d63d
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724355.0
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2018-04-28 00:00:00 UTC
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NetEase Chases Alibaba and JD.com With a "Knockoff Marketplace"
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DECK
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https://www.nasdaq.com/articles/netease-chases-alibaba-and-jdcom-knockoff-marketplace-2018-04-28
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nan
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nan
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China's e-commerce market is dominated by Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD) . Alibaba's Taobao is the country's largest C2C (consumer-to-consumer) marketplace, and its Tmall platform leads the B2C (business-to-consumer) market. JD ranks second in the B2C market.
Many smaller C2C and B2C rivals have faded away over the past few years. However, an overlooked underdog, NetEase (NASDAQ: NTES) , has been quietly gaining ground. NetEase is known primarily as a video game publisher, but it also owns the e-commerce platforms Kaola and Yanxuan.
NetEase's bizarre (but effective) strategy
Kaola, which focuses on cross-border purchases, is often dismissed as an also-ran in China's crowded e-commerce market. But two years ago NetEase launched Yanxuan, a private label marketplace that sells clothing, furniture, and appliances from Chinese suppliers of international brands like Kering 's Gucci, Burberry , and Deckers ' (NYSE: DECK) UGG.
Instead of selling brand name products like Alibaba and JD, Yanxuan sells unbranded products that are identical to their branded counterparts. For example, an original pair of UGG boots costs about $200 on JD and Tmall. However, a pair of unbranded, identical boots from an "UGG manufacturer" costs about $45 on Yanxuan.
Yanxuan's portfolio now includes over 10,000 products from these manufacturers. The marketplace's growth boosted NetEase's e-commerce revenues by 160% to 11.7 billion RMB ($1.8 billion) last year, which accounted for 22% of the company's top line. NetEase expects its e-commerce revenues to hit $3 billion this year.
$3 billion is a tiny figure compared to the $39 billion and $74 billion in revenue which analysts expect Alibaba and JD to generate, respectively, this year. Nonetheless, Alibaba and JD already responded to Yanxuan with their own private label sites.
Alibaba launched Taobao Xinxuan last year, while JD introduced its Jingzao brand in January. However, neither Alibaba nor JD claims that its private label products are made by suppliers of top international brands.
Is NetEase's strategy legal?
Alibaba and JD avoided that claim for an obvious reason: They didn't want their marketplaces to be associated with counterfeit goods. Yanxuan's claim that its products are made by the same manufacturers of leading international brands suggests that their suppliers are stealing designs and IP to sell unbranded products -- which would likely violate their manufacturing contracts.
Speaking to Forbes , American Apparel & Footwear Association VP Steve Lamar raised concerns about Yanxuan's "potential theft of intellectual property," while an UGG spokeswoman noted that "Yanxuan's promotion would mislead consumers to believe they are buying authentic UGG products."
NetEase's strategy with Yanxuan also contradicts Alibaba and JD's attempts to purge their marketplaces of counterfeit products. JD often claims that its tighter control over its fulfillment and logistics network blocks out more counterfeit products than Alibaba, which mainly relies on C2C and B2C transactions fulfilled by third-party logistics providers.
That's why JD's stock tumbled in mid-March after renowned Chinese novelist Liu Liu accused JD's cross-border marketplace, JD Worldwide, of selling counterfeit products to a friend. JD stated that the customer received the wrong product with a similar name rather than a "fake", but the damage was done.
NetEase's strategy is short-sighted
As Chinese consumers with rising incomes start scrutinizing the authenticity of their products, the flaws in Yanxuan's business model will become more apparent. Lower income shoppers might still buy Yanxuan's goods, but NetEase is shouldering a lot of risk to grow the business.
International brands could drop Yanxuan's suppliers, customers could demand proof that their goods are actually made by those suppliers, or the company could be pilloried by the Chinese government, which has been cracking down on counterfeit goods over the past few years. Alibaba and JD -- which likely see Yanxuan's reckless strategy as a threat to their own businesses -- could run marketing campaigns likening "unbranded" goods to counterfeits.
NetEase will likely generate big gains from Yanxuan over the next few quarters, but that growth could quickly evaporate. Instead of expanding Yanxuan's marketplace, NetEase should figure out how to legitimize it before it becomes the "Tmall of knockoffs."
10 stocks we like better than NetEase
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Leo Sun owns shares of JD.com. The Motley Fool owns shares of and recommends JD.com and NetEase. The Motley Fool recommends Deckers Outdoor. 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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But two years ago NetEase launched Yanxuan, a private label marketplace that sells clothing, furniture, and appliances from Chinese suppliers of international brands like Kering 's Gucci, Burberry , and Deckers ' (NYSE: DECK) UGG. The Motley Fool recommends Deckers Outdoor. NetEase's strategy is short-sighted As Chinese consumers with rising incomes start scrutinizing the authenticity of their products, the flaws in Yanxuan's business model will become more apparent.
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But two years ago NetEase launched Yanxuan, a private label marketplace that sells clothing, furniture, and appliances from Chinese suppliers of international brands like Kering 's Gucci, Burberry , and Deckers ' (NYSE: DECK) UGG. The Motley Fool recommends Deckers Outdoor. Instead of selling brand name products like Alibaba and JD, Yanxuan sells unbranded products that are identical to their branded counterparts.
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But two years ago NetEase launched Yanxuan, a private label marketplace that sells clothing, furniture, and appliances from Chinese suppliers of international brands like Kering 's Gucci, Burberry , and Deckers ' (NYSE: DECK) UGG. The Motley Fool recommends Deckers Outdoor. Instead of selling brand name products like Alibaba and JD, Yanxuan sells unbranded products that are identical to their branded counterparts.
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But two years ago NetEase launched Yanxuan, a private label marketplace that sells clothing, furniture, and appliances from Chinese suppliers of international brands like Kering 's Gucci, Burberry , and Deckers ' (NYSE: DECK) UGG. The Motley Fool recommends Deckers Outdoor. However, neither Alibaba nor JD claims that its private label products are made by suppliers of top international brands.
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7530ef9d-2172-4e7d-991f-24fab94d2100
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724356.0
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2018-04-23 00:00:00 UTC
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Will Steel Cost Inflation Hurt Leggett's (LEG) Q1 Earnings?
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DECK
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https://www.nasdaq.com/articles/will-steel-cost-inflation-hurt-leggetts-leg-q1-earnings-2018-04-23
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nan
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nan
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Leggett & Platt, IncorporatedLEG is slated to release first-quarter 2018 results on Apr 26. The company has a mixed earnings record in the trailing four quarters. Last quarter, it delivered a negative surprise of 3.3%.
The Zacks Consensus Estimate for the impending quarter is pegged at 61 cents, which moved south by a penny in the last seven days. Also, the estimate reflects a decline of 1.6% from the year-ago period.
Leggett & Platt, Incorporated Price, Consensus and EPS Surprise
Leggett & Platt, Incorporated Price, Consensus and EPS Surprise | Leggett & Platt, Incorporated Quote
Let's see how things are shaping up prior to this earnings announcement.
Factors Likely to Influence 1Q18
Leggett remains highly susceptible to volatility in raw material prices. This is because steel is considered one of the key raw materials and the steel market is cyclical in nature. In fact, this has been hurting the company's performance since last few quarters. Evidently, the company's top line lagged estimates in five of the last six quarters, including the previous quarter. Higher steel costs and the pricing lag, which occurs in case of commodity cost inflation, also impacted results in the previous quarter.
Further, margins remained under pressure mainly due to recent steel costs inflation, which is likely to continue hurting margins in first-quarter 2018.
Notably, analysts polled by Zacks expect revenues of $1.04 billion for the quarter under review, up 8.7% from the year-ago quarter.
Although the company is likely to witness a soft quarter, management provided a bullish outlook for 2018. It expects to generate strong earnings and improve margins, mainly backed by solid sales growth. Meanwhile, Leggett's strategies to enhance business portfolio, disciplined capital allocation and progress on goals for 2019 look encouraging. Additionally, the company remains on track to achieve its top-third TSR target by 2020 through revenue growth, margin enhancement and shareholder-friendly moves.
While Leggett's strategies look promising for the long run, its bottom line remains prone to steel price inflation that might hurt results in the upcoming quarter.
Zacks Model
To deliver an earnings beat, a stock needs to have the right combination of two key ingredients, a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). However, that is not the case here as you will see.
Leggett has an Earnings ESP of -6.17% and a Zacks Rank #4 (Sell), which makes earnings beat unlikely. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Stocks With Favorable Combination
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post earnings beat:
Guess?, Inc. GES has an Earnings ESP of +16.18% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Ralph Lauren Corporation RL has an Earnings ESP of +2.92% and a Zacks Rank of 2.
Deckers Outdoor Corporation DECK has an Earnings ESP of +0.94% and a Zacks Rank #3.
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.
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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
Leggett & Platt, Incorporated (LEG): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Ralph Lauren Corporation (RL): 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 Corporation DECK has an Earnings ESP of +0.94% and a Zacks Rank #3. Click to get this free report Leggett & Platt, Incorporated (LEG): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for the impending quarter is pegged at 61 cents, which moved south by a penny in the last seven days.
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Click to get this free report Leggett & Platt, Incorporated (LEG): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has an Earnings ESP of +0.94% and a Zacks Rank #3. Leggett & Platt, Incorporated Price, Consensus and EPS Surprise Leggett & Platt, Incorporated Price, Consensus and EPS Surprise | Leggett & Platt, Incorporated Quote Let's see how things are shaping up prior to this earnings announcement.
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Click to get this free report Leggett & Platt, Incorporated (LEG): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has an Earnings ESP of +0.94% and a Zacks Rank #3. Leggett & Platt, Incorporated Price, Consensus and EPS Surprise Leggett & Platt, Incorporated Price, Consensus and EPS Surprise | Leggett & Platt, Incorporated Quote Let's see how things are shaping up prior to this earnings announcement.
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Deckers Outdoor Corporation DECK has an Earnings ESP of +0.94% and a Zacks Rank #3. Click to get this free report Leggett & Platt, Incorporated (LEG): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Evidently, the company's top line lagged estimates in five of the last six quarters, including the previous quarter.
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ba52ee32-9998-4a69-bd5f-ae616ea4c4d7
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724357.0
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2018-04-12 00:00:00 UTC
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Commit To Purchase Deckers Outdoor Corp. At $65, Earn 7.5% Using Options
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DECK
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https://www.nasdaq.com/articles/commit-purchase-deckers-outdoor-corp-65-earn-75-using-options-2018-04-12
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nan
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nan
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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) shares, but tentative about paying the going market price of $96.29/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $65 strike, which has a bid at the time of this writing of $4.90. Collecting that bid as the premium represents a 7.5% return against the $65 commitment, or a 4.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to DECK's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $65 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Deckers Outdoor Corp. sees its shares decline 32.5% and the contract is exercised (resulting in a cost basis of $60.10 per share before broker commissions, subtracting the $4.90 from $65), the only upside to the put seller is from collecting that premium for the 4.3% annualized rate of return.
Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $65 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 2020 put at the $65 strike for the 4.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 251 trading day closing values as well as today's price of $96.29) to be 33%. 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 Thursday, the put volume among S&P 500 components was 1.16M contracts, with call volume at 1.16M, for a put:call ratio of 0.70 so far for the day, which is above normal compared to the long-term median put:call ratio of .65. In other words, if we look at the number of call buyers and then use the long-term median to project the number of put buyers we'd expect to see, we're actually seeing more put buyers than expected out there in options trading so far today. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts of the S&P 500 »
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) shares, but tentative about paying the going market price of $96.29/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 $65 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 2020 put at the $65 strike for the 4.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 251 trading day closing values as well as today's price of $96.29) to be 33%.
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Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $65 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 2020 put at the $65 strike for the 4.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deckers Outdoor Corp. (considering the last 251 trading day closing values as well as today's price of $96.29) to be 33%. Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) shares, but tentative about paying the going market price of $96.29/share, might benefit from considering selling puts among the alternative strategies at their disposal.
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Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $65 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 2020 put at the $65 strike for the 4.3% annualized rate of return represents good reward for the risks. Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) shares, but tentative about paying the going market price of $96.29/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to DECK's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
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Investors eyeing a purchase of Deckers Outdoor Corp. (Symbol: DECK) shares, but tentative about paying the going market price of $96.29/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 $65 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 2020 put at the $65 strike for the 4.3% annualized rate of return represents good reward for the risks. Selling a put does not give an investor access to DECK's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
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b76b36aa-1e60-4cdf-9e43-9bb0adcad448
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724358.0
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2018-04-09 00:00:00 UTC
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Anatomy of Success: Deckers Outdoor Brands (DECK)
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DECK
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https://www.nasdaq.com/articles/anatomy-success-deckers-outdoor-brands-deck-2018-04-09
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nan
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nan
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Discovering which stocks are best positioned to see their price increase is surely a daunting task, but by utilizing a tool like the Zacks Rank, it becomes much easier, and much more profitable.
Stocks with a #1 (Strong Buy) ranking have a long history of outperforming the markets over a one-to-three-month time period, and it's important to note that only 5% of the Zacks Rank universe receives this unique grade. Not only does this ranking system help identify the most elite companies, but it also enables people to hold a certain security while it continues to gain in value beyond the three-month investment horizon.
Below is an example that demonstrates how an investor could have used the Zacks Rank to find a stock that was just beginning to see accelerated price appreciation. And by following this ranking methodology, they could have held the stock while it beat and raised estimates for three consecutive quarters.
Deckers Outdoor Brands (DECK)
Deckers is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both every day and high-performance lifestyles. Its portfolio of brands includes UGG, Koolaburra, HOKA ONE ONE, Teva, and Sanuk. Decker's products are sold in over 50 countries through select department and specialty stores, company-owned and operated retail stores, and select online stores and company-owned websites.
DECK was first added to the Zacks Rank #1 (Strong Buy) list around the time it reported its fiscal 2018 first quarter results. A loss of $-1.28 per share surpassed the Zacks Consensus of $-1.67 per share. Total net sales surged over 20% to $210 million thanks to earlier than planned global wholesale shipments and an increase in direct-to-consumer comparable sales. At the closing bell on July 21, shares of Deckers closed at $66.27.
After dropping down to a #2 (Buy), the retailer surged up to Strong Buy status once again on November 3, soon after Deckers reported strong second quarter results; it maintained this ranking for about two months. Earnings of $1.54 and revenues of $482.5 million soared past estimates, while gross margin expanded 220 basis points. As a result, management increased its fiscal 2018 sales and EPS guidance. About 5 months after first hitting the top of the Zacks Rank, DECK closed up 18.5% but remained flat from where they were in July.
Deckers reported another impressive batch of results for its third quarter, and on February 9, the stock was added to the #1 (Strong Buy) list. Net sales increased 6.6% to $810 million, while EPS had no trouble beating the Zacks Consensus. UGG sales increased 4.3%, while Teva sales grew 33.4% year-over-year. The company kept this top ranking again for around two months. Eight months after its first Strong Buy listing, DECK shares have increased well over 40% to $93.26.
Right now, DECK is a #3 (Hold). While it took a while for the company to find its groove, once it did, Deckers had no trouble taking off, and its investors have certainly reaped the rewards of earnings growth and rising estimates.
This table shows the price performance of DECK (in red), as well as the 12-month forward looking EPS estimate (in green) from about the past one-year period. During this stretch, DECK never moved lower than a Zacks Rank #3 (Hold).
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report. Download it 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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This table shows the price performance of DECK (in red), as well as the 12-month forward looking EPS estimate (in green) from about the past one-year period. Deckers Outdoor Brands (DECK) Deckers is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both every day and high-performance lifestyles. Decker's products are sold in over 50 countries through select department and specialty stores, company-owned and operated retail stores, and select online stores and company-owned websites.
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DECK was first added to the Zacks Rank #1 (Strong Buy) list around the time it reported its fiscal 2018 first quarter results. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Brands (DECK) Deckers is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both every day and high-performance lifestyles.
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DECK was first added to the Zacks Rank #1 (Strong Buy) list around the time it reported its fiscal 2018 first quarter results. After dropping down to a #2 (Buy), the retailer surged up to Strong Buy status once again on November 3, soon after Deckers reported strong second quarter results; it maintained this ranking for about two months. Deckers Outdoor Brands (DECK) Deckers is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both every day and high-performance lifestyles.
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DECK was first added to the Zacks Rank #1 (Strong Buy) list around the time it reported its fiscal 2018 first quarter results. Eight months after its first Strong Buy listing, DECK shares have increased well over 40% to $93.26. Deckers Outdoor Brands (DECK) Deckers is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both every day and high-performance lifestyles.
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f34d7139-587b-4e22-90b5-56201b7afe14
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724359.0
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2018-04-04 00:00:00 UTC
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Validea Kenneth Fisher Strategy Daily Upgrade Report - 4/4/2018
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DECK
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https://www.nasdaq.com/articles/validea-kenneth-fisher-strategy-daily-upgrade-report-442018-2018-04-04
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nan
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nan
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The following are today's upgrades for Validea's Price/Sales Investor model based on the published strategy of Kenneth Fisher . This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins.
DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 80% 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
G-III APPAREL GROUP, LTD. ( GIII ) is a small-cap growth stock in the Apparel/Accessories industry. The rating according to our strategy based on Kenneth Fisher changed from 40% to 80% 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
CAREER EDUCATION CORP. ( CECO ) is a small-cap growth stock in the Schools industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 60% 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: Career Education Corporation, through its colleges, institutions and universities, offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning programs. The Company's American InterContinental University (AIU) and Colorado Technical University ( CTU ) provide degree programs through the master's or doctoral level as well as associate and bachelor's levels. The Company operates through four segments: CTU, AIU, Culinary Arts and Transitional Group. Its University group consists of AIU and CTU, which serve students online with career-focused degree programs. Its Career Colleges Group consists of Culinary Arts and Transitional Group segments. The Culinary Arts segment includes Le Cordon Bleu institutions in North America (LCB), which offer hands-on educational programs in the career-oriented disciplines of culinary arts and patisserie and baking in the commercial-grade kitchens of Le Cordon Bleu.
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
TELENAV INC ( TNAV ) is a small-cap growth stock in the Communications Services industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 60% 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: TeleNav, Inc. (Telenav) is a provider of location-based platform services. The Company's services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Company operates through three segments: automotive, advertising and mobile navigation. The automotive segment provides its map and navigation platform to auto manufacturers and original equipment manufacturers (OEMs) for distribution with their vehicles. The advertising segment provides interactive mobile advertisements on behalf of its advertising clients to consumers based on the location of the user and other targeting capabilities. The mobile navigation segment provides its map and navigation platform to end users through mobile devices. The Company's auto and mobile navigation platform allows it to deliver location-based services to auto manufacturers, developers and end users through various distribution channels, including wireless carriers.
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 Kenneth Fisher has returned 370.45% vs. 161.34% for the S&P 500. For more details on this strategy, click here
About Kenneth Fisher : The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink.
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. DECKERS OUTDOOR CORP ( DECK ) is a mid-cap growth stock in the Footwear industry. The Culinary Arts segment includes Le Cordon Bleu institutions in North America (LCB), which offer hands-on educational programs in the career-oriented disciplines of culinary arts and patisserie and baking in the commercial-grade kitchens of Le Cordon Bleu.
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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 G-III APPAREL GROUP, LTD. ( GIII ) is a small-cap growth stock in the Apparel/Accessories industry.
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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 rating according to our strategy based on Kenneth Fisher changed from 58% to 80% based on the firm's underlying fundamentals and the stock's valuation.
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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. Company Description: G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products.
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cb33f737-4703-4f20-8707-79e76848ecc1
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724360.0
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2018-03-28 00:00:00 UTC
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The White House Confirms Economy is Firming Up: Top 5 Gainers
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DECK
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https://www.nasdaq.com/articles/white-house-confirms-economy-firming-top-5-gainers-2018-03-28
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The White House issued a statement on Mar 27 underlining Trump administration's efforts to bolster economic growth. The White House categorically said that consumer and business sentiments continue to improve as Trump's business-friendly policies are aiding the U.S. economy expand after eight years of stagnation. That's welcome news coming from a White House that has been in the eye of the storm of late.
Since Americans gained optimism over an improving economy and declining unemployment, things have been looking up for consumer discretionary stocks.
Tax Cut Policy
Corporate America has received a massive permanent tax break, which will boost profit margin. The House of Representatives approved the biggest overhaul of the U.S. tax code in 30 years. In a headline-grabbing move, the corporate tax rate was lowered from 35% to 21%. Republicans also repealed the 20% corporate alternative minimum tax, while any income brought back from overseas will be taxed 8% to 15.5%, instead of the current 35% (read more: GOP Passes Landmark Tax Bill: Best & Worst for Stocks ).
Thanks to the new GOP tax reform law, a staggering 89% of companies plan to enhance compensation to their employees, per the EY Tax Reform Dollar Deployment Survey, conducted jointly by Ernst & Young LLP's Transaction Advisory Services and tax businesses. EY Americas Vice Chair Bill Casey added that "we're seeing that the majority of the savings from tax reform is going to be put back in growth and innovation, which is great news for the U.S. economy."
Economy in Good Shape
The U.S. economy is in the pink of health, soaring to the highest point since President George W. Bush had taken office, according to Pew Research Center. The survey showed that more than half of the Americans rate the economy high, saying that it is in best shape in nearly 18 years.
The National Association for Business Economics, in the meantime, estimated that the economy will expand at an annualized rate of 2.9% this year, compared with 2.5% projected last December. Kevin Swift, the group's vice president said that the "NABE Outlook panelists are more optimistic about the U.S. economy in 2018 than they were three months ago."
Labor Market Strengthens
Unemployment rate has been a cause of concern for Americans for the past two years. But, now the jobless rate is near a 17-year low, while the number of Americans worried about unemployment rate down to 36% from the high of 59% in 2010, as per GALLUP.
Initial jobless claims remain near the lowest level since 1970 and the number of people collecting unemployment benefits tanked to a fresh 45-year low. Job openings, on the other hand, continue to increase by around 645,000 to a seasonally adjusted 6.3 million.
The U.S. Agriculture Department added that "the number of food stamp dependent Americans hit a six-year low in President Donald Trump's first year in office, reflecting robust economy and drop in unemployment."
Consumer Sentiments Upbeat
American consumers are gaining confidence in the current state of the economy. Consumer confidence did crush expectations and hit a fresh 14-year high this month as households felt more optimistic about the economy, according to the University of Michigan.
The Consumer confidence index, however, dropped to 127.7 this month from a revised 130 in February. However, it stayed put near an 18-year high. Lynn Franco, director of Consumer Conference Board, said that "despite the modest retreat in confidence, index levels remain historically high and suggest further strong growth in the months ahead."
5 Stocks to Gain
With consumer confidence holding up well, picking consumer discretionary stocks will be a smart move. Solid consumer sentiment, historically, has been good at predicting spending levels for the next three to six months. More the confidence households generate the more will they spend.
We have, thus, selected five consumer discretionary stocks that flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy). Such stocks 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.
Deckers Outdoor CorporationDECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. The stock has a Zacks Rank #1 and a VGM Score of A. The Zacks Consensus Estimate for its current-year earnings rose 24.3% in the last 60 days. The company is expected to return 42.3% this year, higher than the industry 's projected return of 7.3%.
Malibu Boats, Inc.MBUU designs, manufactures, distributes, markets, and sells recreational powerboats. The stock has a Zacks Rank #2 and a VGM Score of B. The Zacks Consensus Estimate for its current-year earnings moved up 13.1% in the last 60 days. The company is expected to return 44.2% this year, better than the industry 's estimated return of 24.9%.
Guess', Inc.GES designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. The stock has a Zacks Rank #1 and a VGM Score of A. The Zacks Consensus Estimate for its current-year earnings climbed 14.3% in the last 60 days. The company is expected to return 37.1% this year, higher than the industry 's estimated return of 13.5%. You can see the complete list of today's Zacks #1 Rank stocks here.
Time Warner Inc.TWX operates as a media and entertainment company in the United States and internationally. The stock has a Zacks Rank #2 and a VGM Score of A. The Zacks Consensus Estimate for its current-year earnings rose 16.7% in the last 60 days. The company is expected to return 19.5% this year, higher than the industry 's projected return of 10.6%.
Wolverine World Wide, Inc.WWW designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The stock has a Zacks Rank #2 and a VGM Score of A. The Zacks Consensus Estimate for its current-year earnings rose 4.7% in the last 60 days. The company is expected to return 23.2% this year, higher than the industry 's estimated return of 7.3%.
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Time Warner Inc. (TWX): Free Stock Analysis Report
Malibu Boats, Inc. (MBUU): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Guess?, Inc. (GES): 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 designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. Click to get this free report Time Warner Inc. (TWX): Free Stock Analysis Report Malibu Boats, Inc. (MBUU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. EY Americas Vice Chair Bill Casey added that "we're seeing that the majority of the savings from tax reform is going to be put back in growth and innovation, which is great news for the U.S.
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Click to get this free report Time Warner Inc. (TWX): Free Stock Analysis Report Malibu Boats, Inc. (MBUU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): 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, and accessories for casual lifestyle use and high performance activities. Guess', Inc.GES designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children.
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Click to get this free report Time Warner Inc. (TWX): Free Stock Analysis Report Malibu Boats, Inc. (MBUU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): 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, and accessories for casual lifestyle use and high performance activities. 5 Stocks to Gain With consumer confidence holding up well, picking consumer discretionary stocks will be a smart move.
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Deckers Outdoor CorporationDECK designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. Click to get this free report Time Warner Inc. (TWX): Free Stock Analysis Report Malibu Boats, Inc. (MBUU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. The survey showed that more than half of the Americans rate the economy high, saying that it is in best shape in nearly 18 years.
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2e977e93-0c90-4bba-8abb-6c8e9449330b
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724361.0
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2018-03-23 00:00:00 UTC
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NIKE (NKE) Rallies on Q3 Earnings & Sales Beat, Buys Zodiac
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DECK
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https://www.nasdaq.com/articles/nike-nke-rallies-on-q3-earnings-sales-beat-buys-zodiac-2018-03-23
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Shares of NIKE Inc.NKE advanced 6.2% in the after-hours session yesterday as its earnings and sales topped estimates in third-quarter fiscal 2018. Further, its results reflected a significant progress in Consumer Direct Offense, positioning it for strong profitable growth in the future.
During the quarter, the company's revenues and gross margin exceeded guidance, driven by the launch of new products and innovation platforms that will scale over time. This resulted in double-digit revenue growth across international geographies, led by Greater China. Further, the company closed the third quarter with expectations of a trend reversal in North America business in the fourth quarter, backed by the introduction of new innovation platforms and differentiated customer experiences in the marketplace.
Concurrent with the earnings release, the company announced the acquisition of a leading data analytics firm, Zodiac Inc. This is likely to accelerate its Consumer Direct Offense strategy by contributing to the 2x speed factor of the plan. The company targets to serving customers faster and providing a more personalized experience across the globe with a particular focus on Nike+ members.
However, NIKE's stock has declined 7.5% in the past month, wider than the industry 's fall of 4.5%.
Earnings & Revenues
This athletic apparel, footwear and accessories retailer's third-quarter earnings per share of 68 cents were flat year over year but surpassed the Zacks Consensus Estimate of 52 cents. This marked its 23rd straight earnings beat.
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 6.5% to $8,984 million, beating the Zacks Consensus Estimate of $8,831.8 million. This was primarily driven by double-digit growth at international locations and global NKE Direct business, partly offset by soft North American Wholesale revenues. Sales grew 3% on a currency-neutral basis.
Revenues for the NIKE Brand increased 7.2% to $8,495 million while constant-dollar revenues for the brand were up 4%. Results gained from significant growth in Greater China; followed by an increase in Europe, Middle East & Africa ("EMEA"); and the Asia Pacific & Latin America ("APLA"). Additionally, the company witnessed double-digit growth in NIKE Direct and continued momentum in Sportswear as well as NIKE Basketball categories which aided revenues.
Notably, the NIKE brand recorded NKE Direct currency-neutral revenue growth of 18% in the fiscal third quarter. The growth in NKE Direct revenues was backed by the expansion of digital apps in international markets and the launch of Nike+ membership in North America.
However, revenues at the Converse brand dropped 3% to $483 million, owing to the fall in North American revenues. This was partially offset by the strong international and digital revenues. On a currency-neutral basis, revenues declined 8%.
Costs & Margins
Gross profit improved 5% to $3,938 million while gross margin shriveled 70 basis points (bps) to 43.8%. The decline in gross margin can mainly be attributable to foreign currency headwinds, offset by lower product costs.
Selling and administrative expenses rose 11% to $2,767 million on account of higher operating overheads and demand creation expenses. Demand creation expenses increased 15% year over year to $862 million due to higher sports marketing, brand moments and new innovation launches. Operating overheads rose 9% in the quarter, owing to higher administrative expenses as well as continued investments in global digital capabilities and the Nike+ membership program.
Balance Sheet & Shareholder-Friendly Moves
NIKE ended third-quarter fiscal 2018 with cash and short-term investments of $4,751 million, long-term debt (excluding current maturities) of $3,469 million and shareholders' equity of $9,782 million. Inventories as of Feb 28, 2018, grew nearly 9% to $5,366 million.
In fiscal third-quarter, NIKE bought back 14.6 million shares for $962 million under its four-year $12 billion program that was approved in November 2015. As of Feb 28, the company's total repurchases under the program amounted to 126.4 million shares for roughly $7.2 billion.
Outlook
Going forward, the company stated that its overall outlook for fiscal 2018 remains unchanged, excluding the one-time impact of the U.S. tax reform. Further, it provided expectations for fourth-quarter fiscal 2018 and initial view for fiscal 2019.
In fourth-quarter fiscal 2018, the company expects reported revenue growth of high single-digit, backed by persistent strength in international regions and reversal of the trend in North America. Revenue growth in North America is now anticipated to be nearly flat compared with the prior-year quarter, with expectations to return to growth in the first half of fiscal 2019.
Gross margin is projected to be flat to up slightly, with progressively stronger currency-neutral growth. Further, the company expects SG&A expenses to increase in the low-teens range in the fourth quarter, driven by continued investments in digital and membership. This will include the acquisition of some key digital capabilities alongside brand marketing and supportive innovations as well as some impactful customer moments.
Other income and expense, net of interest expense, is likely to be about $30-$40 million of expense. Moreover, the company anticipates an effective tax rate of 10-12%.
The company's initial guidance for fiscal 2019 points to anticipated reported revenue growth of mid-to-high single-digit, driven by North America's return to growth and the continued momentum in the international arena. Further, the company expects strong gross-margin expansion which should be almost in line with its long-term financial model. It also expects to provide a detailed outlook for fiscal 2019 while reporting fourth-quarter fiscal 2018 results.
Zacks Rank & Stocks to Consider
NIKE currently carries a Zacks Rank #3 (Sell). Some better-ranked stocks in the same industry include Decker's Outdoor Corporation DECK and Rocky Brands, Inc. RCKY with a Zacks Rank #1 (Strong Buy), and Skechers U.S.A., Inc. SKX carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Decker's, with long-term earnings per share growth rate of 11.6%, surged 14.2% in the last three months.
Rocky Brands has delivered average positive earnings surprise of 256.4% in the trailing four quarters. Further, the stock returned 10.2% in the last three months.
Skechers advanced a substantial 60.6% in the last six months. The stock has a long-term growth rate of 15%.
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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
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 include Decker's Outdoor Corporation DECK and Rocky Brands, Inc. RCKY with a Zacks Rank #1 (Strong Buy), and Skechers U.S.A., Inc. SKX carrying a Zacks Rank #2 (Buy). Decker's, with long-term earnings per share growth rate of 11.6%, surged 14.2% in the last three months. Click to get this free 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 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 include Decker's Outdoor Corporation DECK and Rocky Brands, Inc. RCKY with a Zacks Rank #1 (Strong Buy), and Skechers U.S.A., Inc. SKX carrying a Zacks Rank #2 (Buy). Click to get this free 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 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 11.6%, surged 14.2% in the last three months.
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Click to get this free 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 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 include Decker's Outdoor Corporation DECK and Rocky Brands, Inc. RCKY with a Zacks Rank #1 (Strong Buy), and Skechers U.S.A., Inc. SKX carrying a Zacks Rank #2 (Buy). Decker's, with long-term earnings per share growth rate of 11.6%, surged 14.2% in the last three months.
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Decker's, with long-term earnings per share growth rate of 11.6%, surged 14.2% in the last three months. Some better-ranked stocks in the same industry include Decker's Outdoor Corporation DECK and Rocky Brands, Inc. RCKY with a Zacks Rank #1 (Strong Buy), and Skechers U.S.A., Inc. SKX carrying a Zacks Rank #2 (Buy). Click to get this free 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 Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here.
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724362.0
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2018-03-22 00:00:00 UTC
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Rocky Brands (RCKY) Soars to a 52-Week High, Time to Cash Out?
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DECK
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https://www.nasdaq.com/articles/rocky-brands-rcky-soars-to-a-52-week-high-time-to-cash-out-2018-03-22
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Have you been paying attention to shares of Rocky Brands, Inc.RCKY ? Shares have been on the move with the stock up 33.5% over the past month. RCKY hit a new 52-week high of $22 in the previous session. Rocky Brands has gained 14.8% since the start of the year compared to the 2.5% move for the Consumer Discretionary sector and the 5.3% year-to-date return for its peer group.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on February 20, 2018, Rocky Brands reported EPS of $0.37 versus the Zacks Consensus Estimate of $0.25 while it beat the consensus revenue estimate by 1.66%.
For the current fiscal year, Rocky Brands is expected to post earnings of $1.4 per share on $247.9 million in revenues. This represents a 20.69% change in EPS on a -2.09% change in revenues. For the next fiscal year, the company is expected to earn $1.55 per share on $255.6 million in revenues. This represents changes of 10.71% and 3.11%, respectively.
Valuation Metrics
Rocky Brands may be at a 52-week high right now, but what might the future hold for RCKY? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Rocky Brands has a Value Score of A. The stock's Growth and Momentum Scores are B and B, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 15.5X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 10.4X versus its peer group's average of 13.6X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Rocky Brands, Inc. Price and Consensus
Rocky Brands, Inc. Price and Consensus | Rocky Brands, Inc. Quote
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Rocky Brands currently has a Zacks Rank #1 (Strong Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 or 2 (Buy) and Style Scores of A or B, it looks as if Rocky Brands, Inc. passes the test. Thus, it seems as though RCKY shares could have potential in the weeks and months to come.
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
Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report
Adidas AG (ADDYY): 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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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. Rocky Brands has gained 14.8% since the start of the year compared to the 2.5% move for the Consumer Discretionary sector and the 5.3% year-to-date return for its peer group. A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
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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 Adidas AG (ADDYY): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. In its last earnings report on February 20, 2018, Rocky Brands reported EPS of $0.37 versus the Zacks Consensus Estimate of $0.25 while it beat the consensus revenue estimate by 1.66%. Rocky Brands, Inc. Price and Consensus Rocky Brands, Inc. Price and Consensus | Rocky Brands, Inc. Quote Zacks Rank We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front.
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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 Adidas AG (ADDYY): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. In its last earnings report on February 20, 2018, Rocky Brands reported EPS of $0.37 versus the Zacks Consensus Estimate of $0.25 while it beat the consensus revenue estimate by 1.66%. Rocky Brands, Inc. Price and Consensus Rocky Brands, Inc. Price and Consensus | Rocky Brands, Inc. Quote Zacks Rank We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front.
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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 Adidas AG (ADDYY): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report To read this article on Zacks.com click here. In its last earnings report on February 20, 2018, Rocky Brands reported EPS of $0.37 versus the Zacks Consensus Estimate of $0.25 while it beat the consensus revenue estimate by 1.66%. Valuation Metrics Rocky Brands may be at a 52-week high right now, but what might the future hold for RCKY?
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b516dc95-2912-472f-979e-9845c7aa9992
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724363.0
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2018-03-22 00:00:00 UTC
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Europe & Asia Drive Guess?' (GES) Earnings in Q4, Stock Up
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DECK
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https://www.nasdaq.com/articles/europe-asia-drive-guess-ges-earnings-in-q4-stock-up-2018-03-22
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nan
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nan
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Guess?, Inc.GES posted fourth-quarter and fiscal 2018 results, with the top and bottom lines surpassing the Zacks Consensus Estimates, and improving year on year. Results were driven by strong revenue growth, especially in the European and Asian regions. Further, the company provided an encouraging outlook for fiscal 2019.
The strong performance, combined with sturdy plans for future growth, raised investors' optimism on the stock, that depicted 12.2% growth during the after-hours trading session on Mar 21. Moreover, this Zacks Rank #1 (Strong Buy) stock has surged 45.6% in the past year compared with the industry 's rally of 25.8%.
Quarter in Detail
Adjusted earnings were 62 cents per share, surpassing the consensus mark of 53 cents and improving 44.2% from the year-ago quarter's level. Notably, this marked the company's fourth consecutive earnings beat. During the quarter, currency had a positive impact of 4 cents on earnings. Further, increase in revenues fueled the company's overall performance.
Guess?, Inc. Price, Consensus and EPS Surprise
Guess?, Inc. Price, Consensus and EPS Surprise | Guess?, Inc. Quote
Net revenues amounted to $792.2 million, up 17.5% year over year. This marks the sixth straight quarter of revenue improvement. On a constant-currency basis, revenues grew 10.2%. The upside can be attributed to solid sales in the Europe, Asia and Americas Wholesale segments. These were partly offset by soft revenues in the Americas Retail. Notably, the top line came ahead of the Zacks Consensus Estimate of $751 million.
Gross profit improved 24% to $295.1 million on the back of higher revenues. The company's gross margin also expanded 210 basis points (bps) to 37.2%, owing to lower markdowns and rents, and increased IMU's. These upsides were partially offset by occupancy deleverage stemming from increased European logistics costs.
Adjusted operating profit for the quarter was $70.7 million, up 31.2% from the prior-year quarter. Operating profit during the quarter gained from improved revenues and gross profit, partially countered by increased selling, general and administrative (SG&A) expenses led by resetting of performance-based compensation. Also, adjusted operating margin rose 90 bps to 8.9% gaining from overall expense leverage, offset to a certain extent by increased performance-based compensation.
Segment Performance
Revenues of $271.2 million in the Americas Retail segment fell 6.1% (down 7.2% on a constant-currency basis) year over year primarily due to lower traffic. Further, Retail comp sales, including e-commerce, declined 4% (down 5% on a constant-currency basis). However, operating margin in the segment improved 620 bps, driven by the positive impacts of higher initial markups, lower markdowns, rent reductions and store closures. These were partially countered by negative comps.
Net revenues of $36.2 million in the American Wholesale segment increased 3.8% (up 9% on a constant-currency basis). However, operating margin in the segment shrunk 290 bps to 14.2%, due to lower gross margins and expense deleverage.
The Europe segment's revenues of $356.8 million rose 39.7% (up 24.1% on a constant-currency basis). Store openings and comps growth boosted the region's performance. Retail comp sales, including e-commerce, improved 18% (up 6% on a constant-currency basis). Operating margin declined 10 bps to reach 15.9%, thanks to higher distribution costs from the repositioning of the European distribution center. This was partially compensated by higher initial markups and expense deleverage.
Revenues of $108.5 million from Asia increased 40.2% (up 33.1% on a constant-currency basis) on the back of improving comps. Retail comp sales, including e-commerce, grew 14% (up 8% on a constant-currency basis). Operating margin in the segment surged 470 bps to 8.4% on overall expense leverage.
Net revenues of $19.5 million at the Licensing segment increased 11.4% in U.S. dollars and constant currency. Operating margin in the segment was 87.7% declining considerably from 114.6% in the year period.
Fiscal 2018 results
Adjusted earnings in fiscal 2018 were 70 cents per share, surpassing the consensus mark of 62 cents and improving 52.2% from the year-ago period.
Net revenues were $2,363.8 million, up 7.9% from the prior year. On a constant-currency basis, revenues grew 5.3%. The upside came on the back of solid sales in the Americas Wholesale, Europe and Asia segments, which were driven by store openings, positive comps and wholesale growth. These were partly offset by soft revenues in the Americas Retail. Moreover, revenues also surpassed the Zacks Consensus Estimate of $2,337 million in fiscal 2018.
Gross profit increased 11.2% to $828.9 million on the back of higher revenues. The company's gross margin also expanded 110 basis points (bps) to 35.1%.
Adjusted operating profit for the year was $85 million, rising 36.1% from the year-ago figure. Also, adjusted operating margin rose 70 bps to 3.6% gaining from overall expense leverage and higher initial European markups. These were offset to a certain extend by increased performance-based compensation and negative comps in Americas.
Other Updates
Guess? exited the fourth quarter with cash and cash equivalents of $367.4 million and long-term debt and capital lease obligations of $39.1 million. Further, the stockholders' equity was $916.8 million.
During the fourth quarter, the company's board approved a quarterly cash dividend of 22.5 cents per share payable on April 20, 2018, to shareholders of record as of April 4, 2018. The company also repurchased slightly below 2 million shares worth $31 million during the quarter.
Further, capital expenditure for fiscal 2019 is expected in the band of $85-$95 million, owing to consistent investment in retail improvement in European and Asian regions as well as in technology infrastructure to aid long-term growth.
As on February 3, the company's total store count was 1,683 while directedly-operated stores were 1,011.
Guidance
Guess? is on track with exploring opportunities for growth in the European and Asia regions. Guess? continues to make capital investments in these regions to improve sales and margins. Additionally, the company has been striving to improve performance in the Americas and has undertaken several initiatives to reduce costs and enhance margins.
That said, for fiscal 2019, management expects consolidated net revenue growth in the range of 7-8%. On a constant-currency basis, consolidated net revenues are expected to grow 5-6%. Earnings per share for fiscal 2019 are estimated in the range of 86-98 cents. Currency is likely to have a negative impact of 15 cents upon earnings.
Additionally, for the first quarter of fiscal 2019, management expects consolidated net revenues to improve in the range of 11-12.5%. On a constant-currency basis, consolidated net revenues are projected to grow 5.5-7%. The company anticipates loss for the quarter in the range of 27-24 cents. Currency is not likely to impact earnings during the quarter. The Zacks Consensus Estimate for the first quarter is currently pegged at a loss of 15 cents.
Looking for More? Check These 3 Trending Picks
Investors interested in the same sector may consider stocks such as Michael Kors Holdings Limited KORS , Deckers Outdoor Corporation DECK and Delta Apparel, Inc. DLA . While Deckers Outdoor sports a Zacks Rank #1, Michael Kors and Delta Apparel carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor Corporation pulled off an average positive earnings surprise of 96.4% for the trailing four quarters. It has a long-term earnings growth rate of 11.6%.
Michael Kors delivered an average positive earnings surprise of 32.7% in the trailing four quarters. It has a long-term earnings growth rate of 7%.
Delta Apparel came up with an average positive earnings surprise of 53.5% for the trailing four quarters. It has a long-term earnings growth rate of 15%.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Guess?, Inc. (GES): Free Stock Analysis Report
Michael Kors Holdings Limited (KORS): Free Stock Analysis Report
Delta Apparel, Inc. (DLA): 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 3 Trending Picks Investors interested in the same sector may consider stocks such as Michael Kors Holdings Limited KORS , Deckers Outdoor Corporation DECK and Delta Apparel, Inc. DLA . While Deckers Outdoor sports a Zacks Rank #1, Michael Kors and Delta Apparel carry a Zacks Rank #2 (Buy). Deckers Outdoor Corporation pulled off an average positive earnings surprise of 96.4% for the trailing four quarters.
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Check These 3 Trending Picks Investors interested in the same sector may consider stocks such as Michael Kors Holdings Limited KORS , Deckers Outdoor Corporation DECK and Delta Apparel, Inc. DLA . Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report Delta Apparel, Inc. (DLA): Free Stock Analysis Report To read this article on Zacks.com click here. While Deckers Outdoor sports a Zacks Rank #1, Michael Kors and Delta Apparel carry a Zacks Rank #2 (Buy).
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report Delta Apparel, Inc. (DLA): Free Stock Analysis Report To read this article on Zacks.com click here. Check These 3 Trending Picks Investors interested in the same sector may consider stocks such as Michael Kors Holdings Limited KORS , Deckers Outdoor Corporation DECK and Delta Apparel, Inc. DLA . While Deckers Outdoor sports a Zacks Rank #1, Michael Kors and Delta Apparel carry a Zacks Rank #2 (Buy).
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Check These 3 Trending Picks Investors interested in the same sector may consider stocks such as Michael Kors Holdings Limited KORS , Deckers Outdoor Corporation DECK and Delta Apparel, Inc. DLA . While Deckers Outdoor sports a Zacks Rank #1, Michael Kors and Delta Apparel carry a Zacks Rank #2 (Buy). Deckers Outdoor Corporation pulled off an average positive earnings surprise of 96.4% for the trailing four quarters.
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eff6339b-38f3-4248-a203-9f517d00a5f7
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724364.0
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2018-03-21 00:00:00 UTC
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Powell May Commence Innings With a Rate Hike: 4 Value Picks
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DECK
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https://www.nasdaq.com/articles/powell-may-commence-innings-with-a-rate-hike%3A-4-value-picks-2018-03-21
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nan
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nan
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All eyes are set on the outcome of the Federal Reserve's meeting being held under the newly-elected chairman Jerome Powell, and if you have been following the tide, the Fed leader is likely to commence his innings with a hike in the interest rate. In all likelihood, the policy makers may raise the benchmark interest rate by a quarter percentage point for the first time this year to a range of 1.5-1.75%. Notably, this would be the sixth rate hike, since the financial crisis.
Analysts were quick to point out that underlying strength of the economy, inflationary level and robust job market have set the stage for a rate hike. The Federal Committee, who have chalked out a detailed plan to shrink $4.5 trillion portfolio of Treasury bonds and mortgage-backed securities, may advocate three hikes this year on expectations of strengthening job market.
Current Economic Backdrop
We noted that the U.S. economy added a robust 313,000 jobs in February with unemployment rate continuing to hover around at its 17-year low rate of 4.1%. Moreover, a preliminary data shows that consumer-sentiment index touched a 14-year high of 102 in March, while jobless claim for the week ended Mar 10 decreased 4,000 to a seasonally adjusted 226,000.
The optimism over the health of the economy gets a further boost from the recent U.S. manufacturing activity data. The Institute for Supply Management stated that the index rose to 60.8 in February, up from the 59.1 in January.
Well the reasons for the rate hike are on the table and Fed officials may have no problem implementing it.
Is There a Possibility of a Fourth Hike This Year?
The aforementioned data and recent policy changes have given rise to a speculation that Jerome Powell's team may choose to hike rate four times this year. Economists hinted that Trump's $1.5 trillion tax cuts and a fear of a trade war due to tariffs on imported steel and aluminum may cause prices to rise prompting the Fed to act swiftly to contain inflation.
However, there are a group of think tanks who pointed that the Fed will definitely take into account the recent decline in U.S. retail sales, tepid wage growth in February and widening trade deficit. The U.S. retail sales fell for the third straight month in February as consumers cut back on purchases of motor vehicles and other expensive items. Further, housing starts and building permits declined in February. These are likely to hurt the first-quarter GDP rate.
4 Prominent Picks
Investors would certainly be closely watching the Fed's future course of action as well as any outlook that may have a direct correlation with the U.S. stock market. For the time being, let's focus on sectors that are likely to benefit from the move and pick some value-intrinsic stocks. Here we have highlighted four value stocks two from each consumer discretionary and financial sectors that have a favorable combination of a Zacks Rank #1 (Strong Buy) or 2 (Buy) and a Value Score of A or B. (Read: 3 Sectors to Benefit If Fed Hikes Rate Tomorrow )
You may consider Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel, and accessories. The company posted an average positive earnings surprise of 96.4% in the trailing four quarters. The company has a long-term earnings growth rate of 11.6% and a Value Score of B. The company sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
We also suggest investing in Tailored Brands, Inc.TLRD with a long-term earnings growth rate of 16.5% and a Value Score of A. This operator of specialty apparel retailer delivered an average positive earnings surprise of 50.9% in the trailing four quarters. It carries a Zacks Rank #2.
Primerica, Inc.PRI , which offers insurance and financial services, is a solid bet. The company has a long-term earnings growth rate of 10% and a Zacks Rank #2. The company recorded an average positive earnings surprise of 3.7% in the trailing four quarters. It has a Value Score of B.
Investors can count on CB Financial Services, Inc.CBFV , which operates as the bank holding company for Community Bank. This Zacks Rank #2 company has a long-term earnings growth rate of 10% and a Value Score of B.
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
Primerica, Inc. (PRI): Free Stock Analysis Report
CB Financial Services, Inc. (CBFV): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Tailored Brands, Inc. (TLRD): 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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(Read: 3 Sectors to Benefit If Fed Hikes Rate Tomorrow ) You may consider Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel, and accessories. Click to get this free report Primerica, Inc. (PRI): Free Stock Analysis Report CB Financial Services, Inc. (CBFV): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Tailored Brands, Inc. (TLRD): Free Stock Analysis Report To read this article on Zacks.com click here. All eyes are set on the outcome of the Federal Reserve's meeting being held under the newly-elected chairman Jerome Powell, and if you have been following the tide, the Fed leader is likely to commence his innings with a hike in the interest rate.
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Click to get this free report Primerica, Inc. (PRI): Free Stock Analysis Report CB Financial Services, Inc. (CBFV): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Tailored Brands, Inc. (TLRD): Free Stock Analysis Report To read this article on Zacks.com click here. (Read: 3 Sectors to Benefit If Fed Hikes Rate Tomorrow ) You may consider Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel, and accessories. We also suggest investing in Tailored Brands, Inc.TLRD with a long-term earnings growth rate of 16.5% and a Value Score of A.
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Click to get this free report Primerica, Inc. (PRI): Free Stock Analysis Report CB Financial Services, Inc. (CBFV): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Tailored Brands, Inc. (TLRD): Free Stock Analysis Report To read this article on Zacks.com click here. (Read: 3 Sectors to Benefit If Fed Hikes Rate Tomorrow ) You may consider Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel, and accessories. The company has a long-term earnings growth rate of 10% and a Zacks Rank #2.
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(Read: 3 Sectors to Benefit If Fed Hikes Rate Tomorrow ) You may consider Deckers Outdoor CorporationDECK , which designs, markets and distributes footwear, apparel, and accessories. Click to get this free report Primerica, Inc. (PRI): Free Stock Analysis Report CB Financial Services, Inc. (CBFV): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Tailored Brands, Inc. (TLRD): Free Stock Analysis Report To read this article on Zacks.com click here. The aforementioned data and recent policy changes have given rise to a speculation that Jerome Powell's team may choose to hike rate four times this year.
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c62e2fee-c96e-4ae3-876a-71ef240e3793
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724365.0
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2018-03-20 00:00:00 UTC
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Deckers Store-Fleet Optimization Plan & Cost Savings on Track
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DECK
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https://www.nasdaq.com/articles/deckers-store-fleet-optimization-plan-cost-savings-on-track-2018-03-20
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nan
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nan
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Deckers Outdoor CorporationDECK is targeting profitable markets and remains focused on product innovations as well as store augmentation plan. Also, the company's focus on expanding brand assortments, bringing more innovative line of products, targeting consumers through marketing and optimizing omni-channel distribution bode well.
In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and improve shopping experience for customers. Furthermore, it is focused on opening smaller concept omni-channel outlets and expanding programs such as - Retail Inventory Online, Infinite UGG; Buy Online, Return In Store; and Click and Collect - to enhance shopping experience.
Additionally, the company has undertaken strategic initiatives in an effort to drive long-term growth. Its store-fleet optimization plan focuses on striking the right balance between digital and physical stores. Deckers also expects cost savings of about $150 million backed by improvement in cost of goods sold and SG&A savings, which includes consolidation of retail outlets and process improvement efficiencies. This, in turn, should help it realize $100-million operating profit improvement by fiscal 2020.
Management had earlier projected total sales of about $2 billion, with operating margin of 13% by fiscal 2020. For fiscal 2018, Deckers has set operating margin goal of 12%. Management now envisions net sales to be in the band of $1,873-$1,878 million and adjusted earnings in the range of $5.37-5.42 per share, up from $3.82 last year.
Stock Performance
The strategic efforts taken by the company has helped the stock to outperform industry in the past six months. While the stock surged 45.9%, the industry gained 23.8%.
We believe there is still momentum left in this Zacks Rank #1 (Strong Buy) stock, which is reflected from its VGM Score of A. Stocks such as NIKE, Inc. NKE , Wolverine World Wide, Inc. WWW and Carter's, Inc. CRI which belong to the same industry has witnessed a gain of 23.6%, 7.6% and 17.7%,respectively, in the past six months. You can see the complete list of today's Zacks #1 Rank stocks here .
Valuation Perspective
A brief glance at some valuation metrics seems to indicate that Deckers has enough room to run in bourses.
Deckers with a price to sales ratio of 1.6 compared with that of industry's 2.7 indicate that the stock has enough upside potential. The stock also looks attractive with respect to a forward price-to-earnings (P/E) multiple of 16.9x versus industry's 23.6x. A more-or-less similar picture emerges when comparing EV/EBITDA ratios. Deckers holds the edge here with an EV/EBITDA ratio of 7.8 lower than 17.6 for the industry.
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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
Carter's, Inc. (CRI): Free Stock Analysis Report
NIKE, Inc. (NKE): 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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In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and improve shopping experience for customers. Deckers Outdoor CorporationDECK is targeting profitable markets and remains focused on product innovations as well as store augmentation plan. Deckers also expects cost savings of about $150 million backed by improvement in cost of goods sold and SG&A savings, which includes consolidation of retail outlets and process improvement efficiencies.
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Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report NIKE, Inc. (NKE): 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. Deckers Outdoor CorporationDECK is targeting profitable markets and remains focused on product innovations as well as store augmentation plan. In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and improve shopping experience for customers.
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Deckers with a price to sales ratio of 1.6 compared with that of industry's 2.7 indicate that the stock has enough upside potential. Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report NIKE, Inc. (NKE): 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. Deckers Outdoor CorporationDECK is targeting profitable markets and remains focused on product innovations as well as store augmentation plan.
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Deckers Outdoor CorporationDECK is targeting profitable markets and remains focused on product innovations as well as store augmentation plan. In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and improve shopping experience for customers. Deckers also expects cost savings of about $150 million backed by improvement in cost of goods sold and SG&A savings, which includes consolidation of retail outlets and process improvement efficiencies.
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dfe1461d-2e9a-4db8-a292-6d759862ced4
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724366.0
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2018-03-15 00:00:00 UTC
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5 Top-Rated Stocks to Buy Despite February Retail Sales Dip
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DECK
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https://www.nasdaq.com/articles/5-top-rated-stocks-to-buy-despite-february-retail-sales-dip-2018-03-15
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nan
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nan
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On Mar 14, the U.S. Commerce Department reported that retail sales declined 0.1% for the month of February. This marked the third straight month of decline for the metric since April 2012. However, core retail sales increased, and the economic picture remains promising. This indicates that the headline number is likely to pick up in the near term.
Despite overall retail sales decline, a closer look of the report reveals some specific retail segments have performed well. This provides a silver lining to an otherwise grim scenario. These include building materials and clothing stores as well as restaurants and bars. Given that economic fundamentals remain strong, betting on retail segments which have performed well despite February's decline in overall sales makes for a smart choice.
Core Retail Sales Improve
Retail sales have dipped by 0.1% in February 2018. This was in sharp contrast to the consensus estimate of an increase of 0.4%. Notably, U.S. consumer spending accounts for nearly two-thirds of its GDP. However, January retail sales data was revised to reflect a 0.1% decline instead of the previously reported drop of 0.3%.
The Commerce Department report shows that core retail sales inched up 0.1% last month after remaining unchanged in the prior month. Core retail sales data excludes sales figures of automobiles, gasoline, building materials and food services. This is a major positive since it closely corresponds to the consumer expenditure component of U.S. GDP.
However, certain specific industries performed well last month. Sales at building material stores increased 1.9%. Further, sales at clothing stores, online retailers, restaurants and bars and sporting goods and hobby stores were up 0.4%, 1%, 0.2% and 2.2% respectively.
U.S. Economy Remains Strong
On Feb 8, a survey among economists conducted by The Wall Street Journal predicted U.S. GDP to rise 2.8% in 2018, better-than 2.5% in the fourth quarter of 2017. Jobs data released on Mar 9 showed that the economy added 313,000 jobs in February 2018, exceeding the consensus estimate of 208,000. However, wages increased by only 2.6% on an annualized basis compared with 2.9% in the prior month. Consequently, investors' apprehensions over rising inflation were significantly dispelled.
On Mar 8, a report of Federal Reserve stated that the U.S. household wealth moved further into record territory of $98.75 trillion in the fourth quarter of 2017. This big push in household wealth was primarily driven by stock market rally and soaring real estate prices. Substantial increase in wealth is likely to make many Americans more confident and help them spend more fueling economic growth.
Our Top Picks
U.S. consumer spending increased at an annualized pace of 3.8% in the fourth quarter of 2017, the fastest in more than a year. This is one of the many economic measures which indicate that the decline in retail sales is likely a temporary phenomenon. Sales are likely to pick up once consumers feel the positive impact of tax cuts and increased government spending.
In anticipation, it makes good sense to buy stocks from those retail segments which performed well last month despite the negative headline figure. We have narrowed down our search to the following stocks, each of which has a Zacks Rank #1 (Strong Buy) and provides strong growth potential. You can see the complete list of today's Zacks #1 Rank stocks here .
Builders FirstSource Inc.BLDR is a leading supplier and manufacturer of structural and related building products for residential new construction in the United States. The company expects earnings growth of 40.9% for current year. The Zacks Consensus Estimate for the current year has improved by 7.8% over the last 30 days.
Deckers Outdoor Corp.DECK is a global leader in designing, marketing and distributing innovative footwear, apparel and accessories. The company expects earnings growth of 42.2% for current year. The Zacks Consensus Estimate for the current year has improved by 3% over the last 30 days.
Rocky Brands Inc.RCKY is a leading designer, manufacturer and marketer of premium quality footwear and apparel. The company expects earnings growth of 20.7% for current year. The Zacks Consensus Estimate for the current year has improved by 19.7% over the last 30 days.
Ruth's Hospitality Group Inc.RUTH is the largest fine dining steakhouse company in the United States as measured by the total number of company-owned and franchisee-owned restaurants. It expects earnings growth of 20.9% for current year. The Zacks Consensus Estimate for the current year has improved by 9.9% over the last 30 days.
DineEquity Inc.DIN is a full-service dining company. It operates and franchises restaurants under both the Applebee's Neighborhood Grill & Bar and IHOP brands. The company expects earnings growth of 22.7% for current year. The Zacks Consensus Estimate for the current year has improved by 21.5% over the last 30 days.
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Builders FirstSource, Inc. (BLDR): Free Stock Analysis Report
Ruth's Hospitality Group, Inc. (RUTH): Free Stock Analysis Report
DineEquity, Inc (DIN): 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 Corp.DECK is a global leader in designing, marketing and distributing innovative footwear, apparel and accessories. Click to get this free report Builders FirstSource, Inc. (BLDR): Free Stock Analysis Report Ruth's Hospitality Group, Inc. (RUTH): Free Stock Analysis Report DineEquity, Inc (DIN): 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. Given that economic fundamentals remain strong, betting on retail segments which have performed well despite February's decline in overall sales makes for a smart choice.
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Click to get this free report Builders FirstSource, Inc. (BLDR): Free Stock Analysis Report Ruth's Hospitality Group, Inc. (RUTH): Free Stock Analysis Report DineEquity, Inc (DIN): 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 Corp.DECK is a global leader in designing, marketing and distributing innovative footwear, apparel and accessories. Core Retail Sales Improve Retail sales have dipped by 0.1% in February 2018.
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Click to get this free report Builders FirstSource, Inc. (BLDR): Free Stock Analysis Report Ruth's Hospitality Group, Inc. (RUTH): Free Stock Analysis Report DineEquity, Inc (DIN): 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 Corp.DECK is a global leader in designing, marketing and distributing innovative footwear, apparel and accessories. Core Retail Sales Improve Retail sales have dipped by 0.1% in February 2018.
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Deckers Outdoor Corp.DECK is a global leader in designing, marketing and distributing innovative footwear, apparel and accessories. Click to get this free report Builders FirstSource, Inc. (BLDR): Free Stock Analysis Report Ruth's Hospitality Group, Inc. (RUTH): Free Stock Analysis Report DineEquity, Inc (DIN): 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. On Mar 14, the U.S. Commerce Department reported that retail sales declined 0.1% for the month of February.
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4c415e68-389d-4055-b5bb-abd67e083948
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724367.0
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2018-03-08 00:00:00 UTC
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Deckers Outdoor (DECK) Hits a 52-Week High, Can the Run Continue?
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-deck-hits-a-52-week-high-can-the-run-continue-2018-03-08
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nan
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nan
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Have you been paying attention to shares of Deckers Outdoor CorporationDECK ? Shares have been on the move with the stock up 2.19% over the past month. DECK hit a new 52-week high of $98.92 in the previous session. Deckers Outdoor has gained 21.86% since the start of the year compared to the 4.02% move for the Consumer Discretionary sector and the 2.83% year-to-date return for its peer group.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on February 1, 2018, Deckers Outdoor reported EPS of $4.97 versus the Zacks Consensus Estimate of $3.84 while it beat the consensus revenue estimate by 8.03%.
For the current fiscal year, Deckers Outdoor is expected to post earnings of $5.43 per share on $1.88 billion in revenues. This represents a 42.15% change in EPS on a 5.02% change in revenues. For the next fiscal year, the company is expected to earn $6.01 per share on $1.93 billion in revenues. This represents changes of 10.61% and 2.48%, respectively.
Valuation Metrics
Deckers Outdoor may be at a 52-week high right now, but what might the future hold for DECK? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Deckers Outdoor has a Value Score of B. The stock's Growth and Momentum Scores are A and C, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 18.01x current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 10.82x versus its peer group's average of 17.18x. Additionally, the stock has a PEG ratio of 1.56. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Deckers Outdoor currently has a Zacks Rank of #1 (Strong Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 or 2 (Buy) and Style Scores of A or B, it looks as if Deckers Outdoor passes the test. Thus, it seems as though DECK shares could have potential in the weeks and months to come.
How Does Deckers Outdoor Stack Up to the Competition?
Shares of Deckers Outdoor have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? Some of its industry peers are also looking good, including WWW , CRI , and RL , all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices.
The Zacks Industry Rank is in the top 25.28% of all the industries we have in our universe, so it looks like there are some nice tailwinds for DECK, even beyond its own solid fundamental situation.
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 Outdoor has gained 21.86% since the start of the year compared to the 4.02% move for the Consumer Discretionary sector and the 2.83% year-to-date return for its peer group. Fortunately, Deckers Outdoor currently has a Zacks Rank of #1 (Strong Buy) thanks to favorable earnings estimate revisions from covering analysts. Have you been paying attention to shares of Deckers Outdoor CorporationDECK ?
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In its last earnings report on February 1, 2018, Deckers Outdoor reported EPS of $4.97 versus the Zacks Consensus Estimate of $3.84 while it beat the consensus revenue estimate by 8.03%. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Zacks Rank We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here.
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In its last earnings report on February 1, 2018, Deckers Outdoor reported EPS of $4.97 versus the Zacks Consensus Estimate of $3.84 while it beat the consensus revenue estimate by 8.03%. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Zacks Rank We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Since we recommend that investors select stocks carrying Zacks Rank of 1 or 2 (Buy) and Style Scores of A or B, it looks as if Deckers Outdoor passes the test.
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In its last earnings report on February 1, 2018, Deckers Outdoor reported EPS of $4.97 versus the Zacks Consensus Estimate of $3.84 while it beat the consensus revenue estimate by 8.03%. Deckers Outdoor has a Value Score of B. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Zacks Rank We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front.
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de37e6fb-c6c6-43e8-ac1b-2dbf0d2b1a0f
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724368.0
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2018-03-07 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-2018-03-07
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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 $97.36, changing hands for $98.29/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 $70.00. And then on the other side of the spectrum one analyst has a target as high as $122.00. The standard deviation is $15.441.
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 $97.36/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $97.36 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 $97.36, changing hands for $98.29/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 $97.36/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $97.36 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 $97.36, changing hands for $98.29/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 $97.36/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $97.36 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 $97.36, changing hands for $98.29/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 $97.36, changing hands for $98.29/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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c765030e-c89c-49aa-b909-39b5519edfd6
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724369.0
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2018-03-07 00:00:00 UTC
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Deckers Outdoor (DECK) Hits a 52-Week High, Can the Run Continue?
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-deck-hits-a-52-week-high-can-the-run-continue-2018-03-07
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nan
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nan
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Have you been paying attention to shares of Deckers Outdoor CorporationDECK ? Shares have been on the move with the stock up 3.46% over the past month. DECK hit a new 52-week high of $98.73 in the previous session. Deckers Outdoor has gained 22.48% since the start of the year compared to the 4.57% move for the Consumer Discretionary sector and the 4.33% year-to-date return for its peer group.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on February 1, 2018, Deckers Outdoor reported EPS of $4.97 versus the Zacks Consensus Estimate of $3.84 while it beat the consensus revenue estimate by 8.03%.
For the current fiscal year, Deckers Outdoor is expected to post earnings of $5.43 per share on $1.88 billion in revenues. This represents a 42.15% change in EPS on a 5.02% change in revenues. For the next fiscal year, the company is expected to earn $6.01 per share on $1.93 billion in revenues. This represents changes of 10.61% and 2.48%, respectively.
Valuation Metrics
Deckers Outdoor may be at a 52-week high right now, but what might the future hold for DECK? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Deckers Outdoor has a Value Score of B. The stock's Growth and Momentum Scores are A and F, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 18.1x current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 10.82x versus its peer group's average of 17.18x. Additionally, the stock has a PEG ratio of 1.56. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Deckers Outdoor currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 or 2 (Buy) and Style Scores of A or B, it looks as if Deckers Outdoor fits the bill. Thus, it seems as though DECK shares could have potential in the weeks and months to come.
How Does Deckers Outdoor Corporation Stack Up to the Competition?
Shares of Deckers Outdoor have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? Some of its industry peers are also looking good, including WWW , CRI , and RL , all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices.
The Zacks Industry Rank is in the top 22.26% of all the industries we have in our universe, so it looks like there are some nice tailwinds for DECK, even beyond its own solid fundamental situation.
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 Outdoor has gained 22.48% since the start of the year compared to the 4.57% move for the Consumer Discretionary sector and the 4.33% year-to-date return for its peer group. Since we recommend that investors select stocks carrying Zacks Rank of 1 or 2 (Buy) and Style Scores of A or B, it looks as if Deckers Outdoor fits the bill. Have you been paying attention to shares of Deckers Outdoor CorporationDECK ?
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In its last earnings report on February 1, 2018, Deckers Outdoor reported EPS of $4.97 versus the Zacks Consensus Estimate of $3.84 while it beat the consensus revenue estimate by 8.03%. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Zacks Rank We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here.
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In its last earnings report on February 1, 2018, Deckers Outdoor reported EPS of $4.97 versus the Zacks Consensus Estimate of $3.84 while it beat the consensus revenue estimate by 8.03%. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Zacks Rank We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Since we recommend that investors select stocks carrying Zacks Rank of 1 or 2 (Buy) and Style Scores of A or B, it looks as if Deckers Outdoor fits the bill.
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In its last earnings report on February 1, 2018, Deckers Outdoor reported EPS of $4.97 versus the Zacks Consensus Estimate of $3.84 while it beat the consensus revenue estimate by 8.03%. Deckers Outdoor has a Value Score of B. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Zacks Rank We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front.
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724370.0
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2018-03-07 00:00:00 UTC
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Deckers (DECK) Runs Ahead of its Peers: Surges 80% in a Year
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DECK
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https://www.nasdaq.com/articles/deckers-deck-runs-ahead-of-its-peers%3A-surges-80-in-a-year-2018-03-07
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nan
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nan
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In an intensely competitive retail landscape, Deckers Outdoor CorporationDECK has done exceedingly well and emerged as an attractive investment option. This is quite evident from the stock's performance in a year. In the said period, the stock has surged 80.3% compared with the industry 's gain of 17.5%.
We believe there is still momentum left in this Zacks Rank #1 (Strong Buy) stock, which is quite evident from its long-term impressive earnings growth rate of 11.6% and a VGM Score of A. You can see the complete list of today's Zacks #1 Rank stocks here .
Stocks such as Wolverine World Wide WWW , NIKE NKE and Carter's CRI which belong to the same industry has witnessed a gain of 16.1%, 15.4% and 34%, respectively, in a year. Let's delve deeper and find out the reason that kept Deckers Outdoor ahead of its peers.
Focus on Profitable & Underpenetrated Markets
Deckers Outdoor is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities. In fact, the company's focus on expanding its brand assortments, bringing more innovative line of products, targeting consumers digitally and optimizing omni-channel distribution is impressive. Moreover, the company intends to expand its product categories according to the customer purchasing trends that keep changing with weather.
Earlier, management had stated that it expects total sales of about $2 billion, with operating margin of 13% by fiscal 2020. For fiscal 2018, Deckers has set operating margin goal of 12%. Net sales are anticipated in the band of $1,873-$1,878 million and adjusted earnings per share in the $5.37-5.42 range, up from $3.82 in the previous year. Gross margin for the fiscal year is anticipated to be 49%.
Restructuring Plan Bodes Well
Deckers Outdoor has undertaken strategic initiatives in an effort to drive long-term growth. Notably, its store-fleet optimization plan focuses on striking the right balance between digital and physical stores. Also, the company expects cost savings of about $150 million backed by improvement in cost of goods sold and SG&A savings, which includes consolidation of retail outlets and process improvement efficiencies. This, in turn, is likely to help realize $100-million operating profit improvement by fiscal 2020.
Solid Surprise History
Deckers Outdoor has impressed investors with its quarterly results in the preceding quarters. In the trailing four quarters, both earnings and sales have surpassed the consensus mark by an average of 96.4% and 9.6%, respectively. In third-quarter fiscal 2018, sturdy sales performance across UGG, HOKA ONE ONE and Teva brands enabled Deckers to deliver sturdy results. Encouraging retail scenario and favorable weather conditions along with latest tax reform and improved margins as well as share repurchases also aided the results.
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Carter's, Inc. (CRI): Free Stock Analysis Report
NIKE, Inc. (NKE): 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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In an intensely competitive retail landscape, Deckers Outdoor CorporationDECK has done exceedingly well and emerged as an attractive investment option. Let's delve deeper and find out the reason that kept Deckers Outdoor ahead of its peers. Focus on Profitable & Underpenetrated Markets Deckers Outdoor is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities.
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Focus on Profitable & Underpenetrated Markets Deckers Outdoor is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities. Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report NIKE, Inc. (NKE): 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 an intensely competitive retail landscape, Deckers Outdoor CorporationDECK has done exceedingly well and emerged as an attractive investment option.
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Focus on Profitable & Underpenetrated Markets Deckers Outdoor is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities. Click to get this free report Carter's, Inc. (CRI): Free Stock Analysis Report NIKE, Inc. (NKE): 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 an intensely competitive retail landscape, Deckers Outdoor CorporationDECK has done exceedingly well and emerged as an attractive investment option.
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In an intensely competitive retail landscape, Deckers Outdoor CorporationDECK has done exceedingly well and emerged as an attractive investment option. Let's delve deeper and find out the reason that kept Deckers Outdoor ahead of its peers. Focus on Profitable & Underpenetrated Markets Deckers Outdoor is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities.
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724371.0
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2018-03-06 00:00:00 UTC
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4 Top-Ranked Stocks to Buy on Strong Consumer Sentiment
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DECK
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https://www.nasdaq.com/articles/4-top-ranked-stocks-to-buy-on-strong-consumer-sentiment-2018-03-06
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nan
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nan
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On Mar 3, The University of Michigan reported that its consumer sentiment gauge had increased in February to its second-highest level since 2004. This reflects that many American households are shrugging off renewed volatility in financial markets.
Expected gains in income, jobs and after-tax pay of U.S. consumers mostly offset worries about rising interest rates and stock market volatility. According to the University, "Modest hikes in interest rates will not cause postponement of discretionary purchases as long as wages and take-home pay continue to rise." Based on latest consumer confidence data, we believe this is the right time to invest in consumer discretionary stocks.
Robust February Data
The final reading of the University of Michigan's consumer sentiment index for February was 99.7. Although this was lower than the initial reading of 99.9, it was far better than the January 2018 level of 95.7 and February 2017 level of 96.3.
The current conditions index, which is a gauge of Americans' opinion about their finances, was 114.9 in February 2018, up from 110.5 in January 2018 and 111.5 February 2017. The overall number experienced a 4.2% increase from January's figure of 95.7. Meanwhile, expectations for current year inflation levels remained unchanged at 2.9%.
Favourable Policy Changes
President Donald Trump's proposed policy changes have made the overall economic outlook fairly bullish. The two pro-growth agenda items of Trump, namely, significant cut in corporate tax and deregulation are major catalysts to the U.S. economy. The proposal to reduce corporate taxes from their current rate of 35% to 20% is likely to bring corporate tax rate to its lowest level in 78 years.
Additionally, Trump has stated that he wants to do away with nearly 75% of all governmental regulations during his term as the President. Major proposals like a pledge to spend $1 trillion in infrastructure projects over a period of 10 years along with the above-mentioned policy changes are likely to spur higher consumer spending that may create about 25 million new jobs over a decade. This in turn will fuel long-term economic growth.
Momentum to Continue in 2018
American consumers are gradually gaining confidence in the economy. The U.S. economy has started to expand close to the 3% range as expected by Trump and some other Republicans, while both manufacturing and service sectors accelerated at a record pace over the last four months.
Upbeat corporate earnings have been instrumental in driving the S&P 500 index higher. Trump administration's tax reform and deregulation proposals and sustained strong earnings performance are the factors fueling this ascent. Such factors are unlikely to disappear in the near term.
Our Top Picks
A considerable jump in consumer sentiment is only indicative of the extent to which the U.S. consumer's purchasing power has increased. Adding consumer discretionary stocks to your portfolios makes great sense at this point. However, picking winning stocks can be a difficult task.
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 a Zacks Rank #1 (Strong Buy) and a good VGM Score. You can see the complete list of today's Zacks #1 Rank stocks here .
MCBC Holdings Inc.MCFT : The company is a designer, manufacturer and marketer of MasterCraft brand premium performance sport boats. MCBC Holdings has a VGM Score of A. The company has expected earnings growth of 40.8% for current year. The Zacks Consensus Estimate for fiscal 2018 has improved by 13.7% over the last 30 days.
Deckers Outdoor Corp.DECK : The company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports as well as other lifestyle-related activities. Deckers has a VGM Score of A. The company has expected earnings growth of more than 5% for current year. The Zacks Consensus Estimate for fiscal 2018 has improved by 5.6% over the last 30 days.
American Public Education Inc.APEI : The company is an online provider of higher education focused primarily on serving the military and public service communities. American Public Education has a VGM Score of B. It has expected earnings growth of 15.5% for current year. The Zacks Consensus Estimate for current year has improved by 34.2% over the last 30 days.
Rocky Brands Inc.RCKY : The company is a leading designer, manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names including Rocky Outdoor Gear, Georgia Boot, Durango, Lehigh, and the licensed brand, Dickies. Rocky Brands has a VGM Score of B. It has expected earnings growth of 20.7% for current year. The Zacks Consensus Estimate for current year has improved by 19.7% over the last 30 days.
Wall Street's Next Amazon
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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
American Public Education, Inc. (APEI): Free Stock Analysis Report
MCBC Holdings, Inc. (MCFT): 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 Corp.DECK : The company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports as well as other lifestyle-related activities. Deckers has a VGM Score of A. Click to get this free report American Public Education, Inc. (APEI): Free Stock Analysis Report MCBC Holdings, Inc. (MCFT): 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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Click to get this free report American Public Education, Inc. (APEI): Free Stock Analysis Report MCBC Holdings, Inc. (MCFT): 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 Corp.DECK : The company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports as well as other lifestyle-related activities. Deckers has a VGM Score of A.
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Click to get this free report American Public Education, Inc. (APEI): Free Stock Analysis Report MCBC Holdings, Inc. (MCFT): 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 Corp.DECK : The company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports as well as other lifestyle-related activities. Deckers has a VGM Score of A.
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Deckers Outdoor Corp.DECK : The company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports as well as other lifestyle-related activities. Deckers has a VGM Score of A. Click to get this free report American Public Education, Inc. (APEI): Free Stock Analysis Report MCBC Holdings, Inc. (MCFT): 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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2018-03-05 00:00:00 UTC
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Consumer Sector Update for 03/05/2018: DECK,NWL,HTZ,SHOP,SHOP.TO
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-03052018-decknwlhtzshopshopto-2018-03-05
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Top Consumer Stocks
WMT +1.43%
MCD +1.97%
DIS +0.66%
CVS +1.50%
KO +0.23%
Consumer stocks continued to trend higher Monday afternoon, with shares of consumer staples companies in the S&P 500 Monday increasing nmore than 0.7% while shares of consumer discretionary firms in the S&P 500 were posting an almost 1.3% gain.
Among consumer stocks moving on news:
(-) Deckers Outdoor ( DECK ) has turned lower again late in Monday trade, earlier dropping almost 2% to a session low of $94.26 a share, after late Friday saying Thomas George was stepping down as chief financial officer after about nine years in the post to pursue other interests. George has agreed to stay with Deckers in his current position through a transition period expected to last until late in 2018 while the footwear and accessories completes its search and hires a permanent replacement.
In other sector news:
(+) Hertz ( HTZ ) climbed almost 4% higher on Monday, reaching a session high of $19.38 a share, after disclosing plans by its Netherlands-based subsidiary for a EUR500 million ($615.1 million) offering of senior unsecured notes and using proceeds from the deal to redeem its 4.375% notes due 2019. Any remaining funds will be used to repay other borrowings under its European revolving credit facility.
(+) Newell Brands ( NWL ) Monday pushed out more than 1% to a session high of $89.87 a share, following reports activist investor Carl Icahn acquired an equity stake in the company. The stock purchase could place Icahn into the role of deciding the winner in an ongoing proxy fight within the kitchenware company by one of its investors, Starboard Value LP, which has nominated an alternative slate of director candidates. Newell management is now meeting with its major investors, including Icahn, to explain its plans while Starboard has asked the company not sell any brands before its annual meeting in May, according to the New York Post, citing three sources with knowledge of the matter. Newell previously has said it wants to reshape its product portfolio, focusing on nine consumer divisions and putting the rest of the company up for sale.
(+) Shopify Inc. (SHOP,SHOP.TO) climbed almost 2% on Monday, topping out at $139.47 a share, after the e-commerce company named Amy Shapero to be its new chief financial officer, effective April 2. She joins Shopify from online wealth managers Betterment, where she had been CFO since 2016. Shapero succeeds Russ Jones, the company first and only finance chief who is stepping down after almost seven years in the post although he will remain as a strategic advisor to the company during the transition. "He's our first official retiree," the company said in a statement.
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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George has agreed to stay with Deckers in his current position through a transition period expected to last until late in 2018 while the footwear and accessories completes its search and hires a permanent replacement. Among consumer stocks moving on news: (-) Deckers Outdoor ( DECK ) has turned lower again late in Monday trade, earlier dropping almost 2% to a session low of $94.26 a share, after late Friday saying Thomas George was stepping down as chief financial officer after about nine years in the post to pursue other interests. (+) Newell Brands ( NWL ) Monday pushed out more than 1% to a session high of $89.87 a share, following reports activist investor Carl Icahn acquired an equity stake in the company.
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Among consumer stocks moving on news: (-) Deckers Outdoor ( DECK ) has turned lower again late in Monday trade, earlier dropping almost 2% to a session low of $94.26 a share, after late Friday saying Thomas George was stepping down as chief financial officer after about nine years in the post to pursue other interests. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. George has agreed to stay with Deckers in his current position through a transition period expected to last until late in 2018 while the footwear and accessories completes its search and hires a permanent replacement.
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Among consumer stocks moving on news: (-) Deckers Outdoor ( DECK ) has turned lower again late in Monday trade, earlier dropping almost 2% to a session low of $94.26 a share, after late Friday saying Thomas George was stepping down as chief financial officer after about nine years in the post to pursue other interests. George has agreed to stay with Deckers in his current position through a transition period expected to last until late in 2018 while the footwear and accessories completes its search and hires a permanent replacement. Consumer stocks continued to trend higher Monday afternoon, with shares of consumer staples companies in the S&P 500 Monday increasing nmore than 0.7% while shares of consumer discretionary firms in the S&P 500 were posting an almost 1.3% gain.
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Among consumer stocks moving on news: (-) Deckers Outdoor ( DECK ) has turned lower again late in Monday trade, earlier dropping almost 2% to a session low of $94.26 a share, after late Friday saying Thomas George was stepping down as chief financial officer after about nine years in the post to pursue other interests. George has agreed to stay with Deckers in his current position through a transition period expected to last until late in 2018 while the footwear and accessories completes its search and hires a permanent replacement. Top Consumer Stocks
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2018-03-01 00:00:00 UTC
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Nike, Inc. (NKE) Ex-Dividend Date Scheduled for March 02, 2018
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DECK
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https://www.nasdaq.com/articles/nike-inc-nke-ex-dividend-date-scheduled-march-02-2018-2018-03-01
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Nike, Inc. ( NKE ) will begin trading ex-dividend on March 02, 2018. A cash dividend payment of $0.2 per share is scheduled to be paid on April 02, 2018. Shareholders who purchased NKE prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 11.11% increase over prior dividend payment.
The previous trading day's last sale of NKE was $67.03, representing a -4.58% decrease from the 52 week high of $70.25 and a 33.13% increase over the 52 week low of $50.35.
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 $2.31. Zacks Investment Research reports NKE's forecasted earnings growth in 2018 as -10.03%, compared to an industry average of 7.4%.
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:
iShares U.S. Consumer Goods ETF ( IYK )
PowerShares Exchange-Traded Fund Trust II ( SPMV )
Vanguard Consumer Discretion ETF ( VCR )
PowerShares S&P 500 Quality Portfolio ( SPHQ )
iShares Global Consumer Discretionary ETF ( RXI ).
The top-performing ETF of this group is VCR with an increase of 12.31% over the last 100 days. IYK has the highest percent weighting of NKE at 4.02%.
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 2018 as -10.03%, compared to an industry average of 7.4%. 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: iShares U.S. Consumer Goods ETF ( IYK ) PowerShares Exchange-Traded Fund Trust II ( SPMV ) Vanguard Consumer Discretion ETF ( VCR ) PowerShares S&P 500 Quality Portfolio ( SPHQ ) iShares Global Consumer Discretionary ETF ( RXI ).
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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. This represents an 11.11% increase over prior dividend payment.
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2018-02-23 00:00:00 UTC
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Deckers Brands, Shopify and Hewlett Packard as Zacks Bull and Bear of the Day
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DECK
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https://www.nasdaq.com/articles/deckers-brands-shopify-and-hewlett-packard-as-zacks-bull-and-bear-of-the-day-2018-02-23
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nan
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For Immediate Release
Chicago, IL - February 23, 2018 - Zacks Equity Research highlights Deckers Brands DECK as the Bull of the Day and Shopify Inc. SHOP as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Hewlett Packard Enterprise Company HPE .
Here is a synopsis of all three stocks:
Bull of the Day :
Deckers Brands recently crushed quarterly earnings and raised full year guidance. This Zacks Rank #1 (Strong Buy) is expected to grow earnings in fiscal 2018 by the double digits.
Deckers makes footwear, apparel and accessories and is best known for owning the UGG brand. But it also designs Koolabburra, HOKA ONE ONE, Teva and Sanuk brands.
It sells in department stores, online and in Company-owned and operated retail stores.
Big Holiday Quarter
On Feb 1, Deckers reported its fiscal third quarter 2018 results which included the all-important holiday quarter and it crushed the Zacks Consensus Estimate by 29.4%.
Earnings were $4.97 versus the Zacks Consensus of just $3.84.
Sales rose 6.6% to $810.5 million from $760.3 million in the year ago quarter.
Gross margin also rose to 52.2% from 50.5% in the year ago period.
It saw stronger full price selling during the key holiday season. Favorable weather, i.e. cold and snowy, also contributed to the year-over-year improvement.
UGG is still it's largest brand and those sales rose 4.3% to $734.7 million. HOKA ONE ONE, however, saw significant growth in the quarter, as sales rose 65.7% to $31.8 million from $19.2 million.
Teva sales also jumped nicely, rising 33.4% to $19.5 million from $14.6 million a year ago.
Sanuk was the laggard as sales managed to finish flat at $13.9 million.
International Sales Were Hot
While domestic US business remains the driving force, international sales challenged in the third quarter.
Domestic sales rose 2.5% to $501.7 million while international sales jumped 14% to $308.8 million, up from $270.8 million in the year ago period.
Raised Full Year Guidance
Given the strong holiday quarter, which was better than the company had expected, it's not surprising that it raised its fiscal 2018 full year guidance.
Earnings are expected to be in the range of $5.37 to $5.42.
As a result, the analysts have raised their estimates with 6 estimates rising in the last 30 days.
The Zacks Consensus for Fiscal 2018 jumped to $5.27 from $4.30 just 90 days ago. Deckers made $3.82 just a year ago, so that is earnings growth of 38%.
Bear of the Day :
Shopify Inc. has been growing at a breathtaking pace and just beat earnings again. Then why is it a Zacks Rank #5 (Strong Sell)?
Shopify is a Canadian-based commerce platform designed for small and medium-sized businesses. Merchants use the software to sell their products online, including on the web, mobile, social media, marketplaces and brick-and-mortar locations.
It currently serves about 600,000 businesses in 175 countries including such brands as Nestle, Red Bull, Rebecca Minkoff and Kylie Cosmetics.
Shopify Beat in Q4
On Feb 15, Shopify reported its fourth quarter results and beat the Zacks Consensus by 10 cents. Earnings were $0.15 versus the Zacks Consensus of $0.05.
Revenue in the fourth quarter soared 71% to $222.8 million. For the year, revenue was $673.3 million.
Gross Merchant Volume (GMV), which is a key metric for the company, jumped 65%, or $3.6 billion, to $9.1 billion.
During the holiday season, Black Friday to Cyber Monday resulted in $1 billion of GMV with a peak of $1 million of orders processed per minute.
Most shoppers are still buying from their phones as mobile devices accounted for 73% of traffic and 61% of orders for the quarter. That was up from 55% in the year ago period.
Guides Revenue Above Consensus
Shopify provided full year revenue guidance of between $970 million to $990 million above the then consensus.
The consensus has since risen to $994 million which is revenue growth of 48%.
The growth is expected to continue in 2019 with revenue expected to rise another 37%.
Why Is it a Zacks Rank #5 (Strong Sell)?
If everything is looking solid, why is it a Strong Sell?
Remember, the Zacks Rank is based on the analyst estimates and those are being cut for 2018.
13 have cut for the full year in the last 30 days with 5 being lowered in the last week. The Zacks Consensus Estimate has dropped to $0.13 from $0.30 in the last month.
That's a decline in earnings of 18% as the company made $0.16 in 2017.
Estimates were also cut for 2019, with 3 lower and 1 higher in the last week. The 2019 Zacks Consensus Estimate fell to $0.50 from $0.72 over the last 30 days.
Additional content:
Hewlett Packard Enterprise Posts Earnings Beat, Upbeat Guidance
Hewlett Packard Enterprise Company just released its latest quarterly financial results, posting adjusted earnings of 34 cents per share and revenues of $7.7 billion.
Currently, HPE is a Zacks Rank #4 (Hold), but that could change based on today's results. The stock is currently down 14.26% to $18.75 per share in after-hours trading shortly after its earnings report was released.
Hewlett Packard:
Beat earnings estimates . The company posted non-GAAP earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.23. HPE reported GAAP diluted net earnings per share of $0.89, lifted primarily due to the benefits of U.S. tax reform.
Beat revenue estimates . The company saw revenue figures of $7.67 billion, beating our consensus estimate of $7.03 billion.
Total revenue was up 11.2% from the prior-year quarter. Non-GAAP adjusted earnings gained 21.4%. On a GAAP basis, earnings per share soared about 500%, thanks in large part to tax reform.
"Our strong Q1 performance is proof that we have the right strategy and improved execution," said CEO Antonio Neri. "We had good revenue growth across every business segment, continued to execute HPE Next with no disruption to the business, and delivered strong shareholder return in the form of share repurchases and dividends."
For the fiscal 2018 second quarter, HPE expects non-GAAP diluted net EPS to be in the range of $0.29 to $0.33. Our current consensus estimate is calling for earnings of $0.26 per share.
Here's a graph that looks at HPE's recent earnings performance:
Hewlett Packard Enterprise Company Price, Consensus and EPS Surprise | Hewlett Packard Enterprise Company Quote
Hewlett Packard Enterprise Company was spun-off from the Hewlett-Packard Company in November 2015. The company operates in four segments: Enterprise Services, Enterprise Group, Software and Financial Services.
Check back later for our full analysis on HPE's earnings report!
Want more market analysis from this author? Make sure to follow @ Ryan_McQueeney on Twitter!
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 >>
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
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 analyst 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
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report
Shopify Inc. (SHOP): 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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Here is a synopsis of all three stocks: Bull of the Day : Deckers Brands recently crushed quarterly earnings and raised full year guidance. For Immediate Release Chicago, IL - February 23, 2018 - Zacks Equity Research highlights Deckers Brands DECK as the Bull of the Day and Shopify Inc. SHOP as the Bear of the Day. Deckers makes footwear, apparel and accessories and is best known for owning the UGG brand.
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Click to get this free report Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report Shopify Inc. (SHOP): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - February 23, 2018 - Zacks Equity Research highlights Deckers Brands DECK as the Bull of the Day and Shopify Inc. SHOP as the Bear of the Day. Here is a synopsis of all three stocks: Bull of the Day : Deckers Brands recently crushed quarterly earnings and raised full year guidance.
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Click to get this free report Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report Shopify Inc. (SHOP): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - February 23, 2018 - Zacks Equity Research highlights Deckers Brands DECK as the Bull of the Day and Shopify Inc. SHOP as the Bear of the Day. Here is a synopsis of all three stocks: Bull of the Day : Deckers Brands recently crushed quarterly earnings and raised full year guidance.
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For Immediate Release Chicago, IL - February 23, 2018 - Zacks Equity Research highlights Deckers Brands DECK as the Bull of the Day and Shopify Inc. SHOP as the Bear of the Day. Here is a synopsis of all three stocks: Bull of the Day : Deckers Brands recently crushed quarterly earnings and raised full year guidance. Deckers makes footwear, apparel and accessories and is best known for owning the UGG brand.
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2018-02-23 00:00:00 UTC
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Bull of the Day: Deckers (DECK)
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DECK
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https://www.nasdaq.com/articles/bull-day-deckers-deck-2018-02-23
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nan
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nan
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Deckers Brands (DECK) recently crushed quarterly earnings and raised full year guidance. This Zacks Rank #1 (Strong Buy) is expected to grow earnings in fiscal 2018 by the double digits.
Deckers makes footwear, apparel and accessories and is best known for owning the UGG brand. But it also designs Koolabburra, HOKA ONE ONE, Teva and Sanuk brands.
It sells in department stores, online and in Company-owned and operated retail stores.
Big Holiday Quarter
On Feb 1, Deckers reported its fiscal third quarter 2018 results which included the all-important holiday quarter and it crushed the Zacks Consensus Estimate by 29.4%.
Earnings were $4.97 versus the Zacks Consensus of just $3.84.
Sales rose 6.6% to %810.5 million from $760.3 million in the year ago quarter.
Gross margin also rose to 52.2% from 50.5% in the year ago period.
It saw stronger full price selling during the key holiday season. Favorable weather, i.e. cold and snowy, also contributed to the year-over-year improvement.
UGG is still it's largest brand and those sales rose 4.3% to $734.7 million. HOKA ONE ONE, however, saw significant growth in the quarter, as sales rose 65.7% to $31.8 million from $19.2 million.
Teva sales also jumped nicely, rising 33.4% to $19.5 million from $14.6 million a year ago.
Sanuk was the laggard as sales managed to finish flat at $13.9 million.
International Sales Were Hot
While domestic US business remains the driving force, international sales challenged in the third quarter.
Domestic sales rose 2.5% to $501.7 million while international sales jumped 14% to $308.8 million, up from $270.8 million in the year ago period.
Raised Full Year Guidance
Given the strong holiday quarter, which was better than the company had expected, it's not surprising that it raised its fiscal 2018 full year guidance.
Earnings are expected to be in the range of $5.37 to $5.42.
As a result, the analysts have raised their estimates with 6 estimates rising in the last 30 days.
The Zacks Consensus for Fiscal 2018 jumped to $5.27 from $4.30 just 90 days ago. Deckers made $3.82 just a year ago, so that is earnings growth of 38%.
The analysts are bullish about fiscal 2019 too, but are being more conservative. Earnings are expected to rise, but just another 9.9%.
Shares Soar to Multi-Year Highs
It's been a tough couple of years for Deckers as earnings fell when the company's trendy UGG boots went out of favor briefly. But it clearly has gotten its trend mojo back.
The last time I wrote about Deckers as a Zacks Rank #1 (Strong Buy) was in 2014. Now, in 2018, it's back at that status.
Shares have been on a big rally. Over the last year, they're up 81%.
It looks like new 5-year highs could be next.
But they're still not that expensive, at least on a P/E basis. Deckers trades with a forward P/E of 18.2.
If you're looking for a retail play with strong earnings and sales growth, then Deckers is one to keep on your short list.
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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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 Brands (DECK) recently crushed quarterly earnings and raised full year guidance. Shares Soar to Multi-Year Highs It's been a tough couple of years for Deckers as earnings fell when the company's trendy UGG boots went out of favor briefly. Deckers makes footwear, apparel and accessories and is best known for owning the UGG brand.
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Deckers Brands (DECK) recently crushed quarterly earnings and raised full year guidance. Deckers makes footwear, apparel and accessories and is best known for owning the UGG brand. Big Holiday Quarter On Feb 1, Deckers reported its fiscal third quarter 2018 results which included the all-important holiday quarter and it crushed the Zacks Consensus Estimate by 29.4%.
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Big Holiday Quarter On Feb 1, Deckers reported its fiscal third quarter 2018 results which included the all-important holiday quarter and it crushed the Zacks Consensus Estimate by 29.4%. Deckers Brands (DECK) recently crushed quarterly earnings and raised full year guidance. Deckers makes footwear, apparel and accessories and is best known for owning the UGG brand.
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Deckers made $3.82 just a year ago, so that is earnings growth of 38%. Deckers Brands (DECK) recently crushed quarterly earnings and raised full year guidance. Deckers makes footwear, apparel and accessories and is best known for owning the UGG brand.
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ef7e50de-669f-4b6c-ad2c-b10875f8f7a4
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724376.0
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2018-02-20 00:00:00 UTC
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Whirlpool To Gain From Growth Initiatives, Risks Persist
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DECK
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https://www.nasdaq.com/articles/whirlpool-to-gain-from-growth-initiatives-risks-persist-2018-02-20
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nan
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nan
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Whirlpool CorporationWHR has been gaining momentum lately on the back of its stringent focus on long-term goals for 2020, innovation strategy as well as global cost-based pricing and fixed cost reduction strategies. However, higher raw material inflation and lower volumes remain impediments.
Notably, shares of Whirlpool have gained 3% in the past six months against the industry 's decline of 11.7%. Let's analyze the pros and cons of this Zacks Rank #3 (Hold) stock.
Long-Term Goals: A Key Growth Driver
Through 2020, Whirlpool aims to deliver organic revenue growth of 3-5% annualy. Moreover, the company targets EBIT margin to exceed 10% by 2020 and envisions earnings per share to grow by 10-15% each year. By 2018, it anticipates free cash flow generation of 5-6% of revenues.
Cost-Productivity Programs Aid Margins
Whirlpool is striving to improve margin through several measures including cost-based price increments and cost-reduction initiatives, which should also boost business efficiency. The company recently introduced global cost-based pricing for its trade customers in order to mitigate raw material inflation. Furthermore, it is on track with initiatives to cut down fixed overhead expenses by $150 million, which will add to the company's ongoing cost productivity program.
Also, Whirlpool's focus on boosting consumer demand has increased global price/mix by 50 basis points (bps) in fourth-quarter 2017. This marked the company's first quarter of positive global price/mix since fourth-quarter 2015.
In 2018, Whirlpool's positive global price/mix along with significant progress on cost-saving initiatives is likely to result in margin expansion. Additionally, the company's renewed focus on inventory management is expected to boost earnings and free cash flow going forward.
Innovation Driving Growth
Whirlpool is among one of those companies that have successfully implemented its innovation strategies into the business model. It invests heavily in technologies to produce differentiated products to suit the needs of their end consumers. Also, the company is keen on boosting revenues at its core appliance business through expansions and investments. This, in turn, is expected to fuel growth of its high-margin categories.
Bottom Line
While all seems well with Whirlpool, it has been suffering from soft top-line performance and higher raw material inflation. Notably, the company's top line has lagged estimates for three straight quarters now. Moreover, Whirlpool's operating performance continues to be impacted by raw material cost inflation and unit volume declines. This caused adjusted operating margin to contract 70 bps in the preceding quarter.
Though the company expects improved global price/mix and cost savings to benefit margins in 2018, this is likely to be more than offset by continued raw material inflation. In 2018, Whirlpool aniticipates the combined 125 bps margin improvement from favorable price/mix, fixed cost reduction and improved cost productivity, to be more than offset by nearly $200-$250 million increase in raw material inflation from the prior year.
Nonetheless, Whirlpool's ongoing strategic initiatives and cost savings program provide visibility for growth in the future. This is further supported by its long-term earnings growth rate of 12.2% and a VGM Score of A.
Do Consumer Discretionary Stocks Grab Your Attention? Check These
Investors interested in same sector may also consider stocks such as Deckers DECK , Columbia Sportswear COLM and Central Garden CENT . While Deckers sports a Zacks Rank #1 (Strong Buy), Central Garden and Columbia Sportswear carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers delivered an average positive earnings surprise of 96.4% in the trailing four quarters. It has a long-term earnings growth rate of 11.6%.
Central Garden pulled off an average positive earnings surprise of 8.8% in the trailing four quarters. Also, it has a long-term earnings growth rate of 10%.
Columbia Sportswear came up with an average positive earnings surprise of 16.5% in the trailing four quarters. It has a long-term earnings growth rate of 9.6%.
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Download the new report now>>
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Whirlpool Corporation (WHR): Free Stock Analysis Report
Central Garden & Pet Company (CENT): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): 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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Check These Investors interested in same sector may also consider stocks such as Deckers DECK , Columbia Sportswear COLM and Central Garden CENT . While Deckers sports a Zacks Rank #1 (Strong Buy), Central Garden and Columbia Sportswear carries a Zacks Rank #2 (Buy). Deckers delivered an average positive earnings surprise of 96.4% in the trailing four quarters.
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While Deckers sports a Zacks Rank #1 (Strong Buy), Central Garden and Columbia Sportswear carries a Zacks Rank #2 (Buy). Click to get this free report Whirlpool Corporation (WHR): Free Stock Analysis Report Central Garden & Pet Company (CENT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Investors interested in same sector may also consider stocks such as Deckers DECK , Columbia Sportswear COLM and Central Garden CENT .
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Click to get this free report Whirlpool Corporation (WHR): Free Stock Analysis Report Central Garden & Pet Company (CENT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Investors interested in same sector may also consider stocks such as Deckers DECK , Columbia Sportswear COLM and Central Garden CENT . While Deckers sports a Zacks Rank #1 (Strong Buy), Central Garden and Columbia Sportswear carries a Zacks Rank #2 (Buy).
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Check These Investors interested in same sector may also consider stocks such as Deckers DECK , Columbia Sportswear COLM and Central Garden CENT . While Deckers sports a Zacks Rank #1 (Strong Buy), Central Garden and Columbia Sportswear carries a Zacks Rank #2 (Buy). Deckers delivered an average positive earnings surprise of 96.4% in the trailing four quarters.
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1c909b43-b2e1-4191-a754-e4ceb75a91f7
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724377.0
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2018-02-19 00:00:00 UTC
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Consumer Sentiment Soars to Record High: 5 Picks
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DECK
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https://www.nasdaq.com/articles/consumer-sentiment-soars-record-high-5-picks-2018-02-19
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nan
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nan
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On Feb 16, The University of Chicago said that its consumer sentiment index had increased in February to its second-highest level since 2004. The Tax Cuts and Jobs Act of 2017 and continuing resilience in the jobs market were primarily responsible for this increase. These factors helped Americans ignore recent volatility in the equity markets, which threatened to snap a long streak of gains.
Steady growth and resilience in the jobs market have been the highlights of the continuing economic expansion. The impetus generated by recent tax cuts will also help to raise the disposable income of U.S. citizens. This is why this is an excellent time to invest in consumer discretionary stocks.
Second-highest Level in 14 Years
The University of Michigan's consumer sentiment index increased from 95.7 in January to 99.9 in February. This was the highest level recorded since 2004 and the second highest recorded since the 13-year high hit in October 2017. This reading exceeded most economists' expectations who had estimated that the gauge would hit between 95.5 and 95.7.
The current conditions index, which is a gauge of Americans' opinion about their finances, increased from 110.5 to 115.1. Additionally, the expectations index increased from 86.3 to 90.2. The overall number experienced a 4.4% increase from January's figure of 95.7. Meanwhile, expectations for current year inflation levels remained unchanged at 2.7%.
Tax Cuts, Jobs Growth Boost Sentiment
The survey indicates that consumers are choosing to concentrate on encouraging economic data. This includes an increase in income levels, a booming job market and other related factors. Such a mindset was not impacted by recent stock market gyrations.
According to the survey's chief economist Richard Curtin, only 6% of the respondents chose to recall discouraging news related to the equity markets, that too when prompted. Nearly 35% of the respondents provided positive references to government actions. This figure was in line with January's reading, the highest level recorded in more than 50 years.
Our Choices
The latest reading of the University of Chicago's consumer sentiment index indicates that American consumers remain upbeat following recent tax cuts. A resilient job market and increasing income levels have also contributed to the uptrend in sentiment.
Adding consumer discretionary stocks to your portfolio looks like a smart option at this point. 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.
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 has a Zacks Rank #1 (Strong Buy) and a VGM Score of A. The company has expected earnings growth of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved by 24.2% over the last 30 days.
MCBC Holdings, Inc.MCFT is a designer, manufacturer and marketer of MasterCraft brand premium performance sport boats.
MCBC Holdings has a VGM Score of A. The company has expected earnings growth of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved by 13.5% over the last 30 days. The stock has a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Michael Kors Holdings LimitedKORS is a global luxury lifestyle company, founded by designer Michael Kors.
Michael Kors has a Zacks Rank #2 (Buy) and a VGM Score of A. The Zacks Consensus Estimate for the current year has improved by 12.9% over the last 30 days.
Ralph Lauren Corporation RL is a major designer, marketer and distributor of premium lifestyle products.
Ralph Lauren has a Zacks Rank #2 and a VGM Score of A. The company has expected earnings growth of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved by 6.7% over the last 30 days.
Marriott International Inc.MAR is a leading worldwide hospitality company focused on lodging management and franchising, after the spin-off of its timeshare business into a publicly traded company in November 2011.
Marriott has a Zacks Rank #2 and a VGM Score of B. The company has expected earnings growth of 21.6% for the current year. The Zacks Consensus Estimate for the current year has improved by 3.9% over the last 30 days.
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion - more than a 3,800% increase in the previous 12 months. They're now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Click here to access these 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
Marriott International (MAR): Free Stock Analysis Report
MCBC Holdings, Inc. (MCFT): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Ralph Lauren Corporation (RL): Free Stock Analysis Report
Michael Kors Holdings Limited (KORS): 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 is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Deckers has a Zacks Rank #1 (Strong Buy) and a VGM Score of A. Click to get this free report Marriott International (MAR): Free Stock Analysis Report MCBC Holdings, Inc. (MCFT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Marriott International (MAR): Free Stock Analysis Report MCBC Holdings, Inc. (MCFT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): 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 has a Zacks Rank #1 (Strong Buy) and a VGM Score of A.
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Click to get this free report Marriott International (MAR): Free Stock Analysis Report MCBC Holdings, Inc. (MCFT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): 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 has a Zacks Rank #1 (Strong Buy) and a VGM Score of A.
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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 has a Zacks Rank #1 (Strong Buy) and a VGM Score of A. Click to get this free report Marriott International (MAR): Free Stock Analysis Report MCBC Holdings, Inc. (MCFT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here.
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a1104975-db88-4438-9572-bf582058f1d4
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724378.0
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2018-02-06 00:00:00 UTC
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5 Must Buy Stocks After Volatility Explodes
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DECK
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https://www.nasdaq.com/articles/5-must-buy-stocks-after-volatility-explodes-2018-02-06
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nan
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nan
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I'm not going to lie, after seeing what the market did yesterday I had my doubts. In fact, I've still got my doubts about whether or not buying yesterday and today was a smart thing to do. Snap judgment right now, I'm happy I held my nose and bought on the dip. Time will tell whether that was a good idea or if it was a folly.
Check out Dave's Daily Dive video above where I break down the market action today!!!
Each day I, Dave Bartosiak of Zacks.com (Twitter @bartosiastics) dive into the charts, pointing out key price action and levels for you to watch.
But it doesn't stop there because the highlight of today's video, which you can see for free by clicking above, is where I uncover five Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) stocks that are breaking out to new 52-week highs today. These stocks have a ton of momentum behind them and are charging higher. The list of stocks I cover today include:
Churchill Downs CHDN
Cimpress CMPR
Cimpress N.V. operates as a technology based company in North America, Europe, Australia, New Zealand, South America, the Asia Pacific, and internationally. It aggregates individually customized orders for a range of print, signage, apparel, and related products primarily through the Internet. The company operates through four segments: Vistaprint, Upload and Print, National Pen, and All Other Businesses.
Deckers DECK
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and sidewalk surfers shoe, and yoga mat and beer cozy sandal collections under the Sanuk brand name.
DST Systems DST
DST Systems, Inc. provides technology-based information processing and servicing solutions in the United States, the United Kingdom, Canada, Australia, and internationally. The company's Financial Services segment provides investor, investment, advisor/intermediary, and asset distribution services to companies in the financial services industry. This segment provides customers information processing solutions, such as tracking of purchases, redemptions, and exchanges and transfers of shares; maintaining investor identification and ownership records; reconciling cash and share activity; processing dividends; reporting sales; performing tax and other compliance functions; and providing information for printing of investor trade confirmations, statements, and year-end tax forms. Its Healthcare Services segment offers healthcare organizations a range of medical and pharmacy solutions for information processing, quality of care, cost management, and payment integrity needs; and healthcare solutions, including claims adjudication, benefit management, care management, business intelligence, and other ancillary services. The company's Investments and Other segment invests in equity securities, private equity investments, and other financial interests, as well as owns real estate joint ventures for lease.
Virtu Financial VIRT
Virtu Financial, Inc., together with its subsidiaries, provides market making and liquidity services to the financial markets worldwide. The company offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income, and other securities on various exchanges, markets, and liquidity pools.
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Churchill Downs, Incorporated (CHDN): Free Stock Analysis Report
DST Systems, Inc. (DST): Free Stock Analysis Report
Virtu Financial, Inc. (VIRT): Free Stock Analysis Report
Cimpress N.V (CMPR): 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 DECK Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. Click to get this free report Churchill Downs, Incorporated (CHDN): Free Stock Analysis Report DST Systems, Inc. (DST): Free Stock Analysis Report Virtu Financial, Inc. (VIRT): Free Stock Analysis Report Cimpress N.V (CMPR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Each day I, Dave Bartosiak of Zacks.com (Twitter @bartosiastics) dive into the charts, pointing out key price action and levels for you to watch.
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Click to get this free report Churchill Downs, Incorporated (CHDN): Free Stock Analysis Report DST Systems, Inc. (DST): Free Stock Analysis Report Virtu Financial, Inc. (VIRT): Free Stock Analysis Report Cimpress N.V (CMPR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers DECK Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. The list of stocks I cover today include: Churchill Downs CHDN Cimpress CMPR Cimpress N.V. operates as a technology based company in North America, Europe, Australia, New Zealand, South America, the Asia Pacific, and internationally.
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Click to get this free report Churchill Downs, Incorporated (CHDN): Free Stock Analysis Report DST Systems, Inc. (DST): Free Stock Analysis Report Virtu Financial, Inc. (VIRT): Free Stock Analysis Report Cimpress N.V (CMPR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers DECK Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. But it doesn't stop there because the highlight of today's video, which you can see for free by clicking above, is where I uncover five Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) stocks that are breaking out to new 52-week highs today.
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Deckers DECK Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. Click to get this free report Churchill Downs, Incorporated (CHDN): Free Stock Analysis Report DST Systems, Inc. (DST): Free Stock Analysis Report Virtu Financial, Inc. (VIRT): Free Stock Analysis Report Cimpress N.V (CMPR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. But it doesn't stop there because the highlight of today's video, which you can see for free by clicking above, is where I uncover five Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) stocks that are breaking out to new 52-week highs today.
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724379.0
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2018-02-05 00:00:00 UTC
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Deckers Outdoor (DECK) Looks Good: Stock Adds 7.3% in Session
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-deck-looks-good%3A-stock-adds-7.3-in-session-2018-02-05
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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 7% 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 18.6% in the past one-month time frame.
The move came after the company reported better-than-expected third-quarter fiscal 2018 results.
The company has seen a mixed track record when it comes to estimate revisions of four increases and one decrease over the past few months, while the Zacks Consensus Estimate for the current quarter hasn't been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Deckers Outdoor currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Deckers Outdoor Corporation Price
Deckers Outdoor Corporation Price | Deckers Outdoor Corporation Quote
A better-ranked stock in the Shoes and Retail Apparel industry is Carter's, Inc. CRI , holding a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Is DECK going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X 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
Carter's, Inc. (CRI): 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 7% on the day. Deckers Outdoor currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative. Deckers Outdoor Corporation Price Deckers Outdoor Corporation Price | Deckers Outdoor Corporation Quote A better-ranked stock in the Shoes and Retail Apparel industry is Carter's, Inc. CRI , holding a Zacks Rank #2 (Buy).
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Deckers Outdoor Corporation Price Deckers Outdoor Corporation Price | Deckers Outdoor Corporation Quote A better-ranked stock in the Shoes and Retail Apparel industry is Carter's, Inc. CRI , holding a Zacks Rank #2 (Buy). Click to get this free report Carter's, Inc. (CRI): 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 7% on the day.
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Deckers Outdoor Corporation Price Deckers Outdoor Corporation Price | Deckers Outdoor Corporation Quote A better-ranked stock in the Shoes and Retail Apparel industry is Carter's, Inc. CRI , holding a Zacks Rank #2 (Buy). Click to get this free report Carter's, Inc. (CRI): 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 7% on the day.
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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 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 7% on the day. Deckers Outdoor currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
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50c2be46-7610-4961-b88c-6a27ed00b645
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724380.0
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2018-02-02 00:00:00 UTC
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Dow Tumbles 340 Points as Treasury Yields Surge Post Payrolls
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DECK
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https://www.nasdaq.com/articles/dow-tumbles-340-points-treasury-yields-surge-post-payrolls-2018-02-02
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nan
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nan
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So this is what they meant when they talked about a return to volatility as stocks look to plunge this morning as bond yields soar following this morning's better-than-expected payrolls report.
Getty Images
The S&P 500 has fallen 1.2% to 2789.31 at 10:05 a.m. today, while the Dow Jones Industrial Average has dropped 342.63 points, or 1.3%, to 25,844.08. The Nasdaq Composite has declined 1.2% to 7,296.46. The 10-year Treasury yield has risen to 2.84% from 2.77% yesterday.
U.S. payrolls rose to 200,000 in December, better than the 180,000 predicted by economists, while average hourly earnings rose 0.3% from the previous month, beating expectations for a 0.2% increase, while December's reading was raised to 0.4%. That "appear to be the fuel for the Treasury selloff," writes BMO Capital Markets' Aaron Kohli.
So should we worry that the rise in rates will kill the stock market? It sure looks that way today, but Evercore ISI's Dennis DeBusschere isn't so sure. Yes, yields will likely continue to rise, and he expects a slew of forecasts calling for the 10-year to hit 3% coming in the weeks ahead. But the jobs report is still too strong to signal the end of the bull market. "Fortunately, the level of employment costs and AHE are far from levels that would indicate a peak and is why we are not concerned about a sustained move lower in stocks near term," DeBusschere explains.
Let's hope he's right.
Alphabet (GOOGL) has dropped 3.5% to $1,140 after reporting an adjusted profit of $9.70 per share, missing analyst estimates for $10 per share, on sales of $32.3 billion, above the Street consensus for $31.9 billion. "The quarter featured significant revenue growth offset by rising costs and reduced margins," writes Pivotal Research analyst Brian Wieser.
Tiernan Ray for Barron's
Amazon.com (AMZN) has gained 5.9% to $1,471.75 after reporting a profit of $3.75 a share on sales of $60.45 billion. Analysts had been expecting sales of $59.8 billion and earnings of $1.88 a share. "Investors likely came away from tonight's earnings incrementally confident in the long-term financial power of AMZN," writes Evercore ISI analyst Anthony DiClemente.
Apple (AAPL) has dipped 0.1% to $167.57 after reporting a profit of $3.89 a share on sales of $88.3 billion. Analysts had been predicting revenue of $87.5 billion and earnings per share of $3.85. Apple was also downgraded to Market Perform from Outperform at Bernstein and to Sector Weight from Overweight at KeyBanc.
athenahealth (ATHN) has jumped 6.8% to $133.40 after reporting an adjusted profit of $1.11 a share on sales of $329.2 million. Analysts had predicted a profit of 63 cents a share on revenue of $320 million. "Excellent cost controls helped deliver the bottom-line beat which is likely evidence of Elliott's success in leading the company to a more streamlined organization with a balance between earnings and revenue growth," writes Leerink analyst David Larsen.
Deckers Outdoor (DECK) has climbed 6.8% to $93.20 after reporting an adjusted third-quarter profit of $4.97, beating forecasts $3.82, on sales of $810.5 million. Analysts had predicted revenue of $748 million. "While we are encouraged by the results, we remain NEUTRAL-rated as we await a better line of sight into a return to sustained growth in UGG, DECK's largest brand," writes Guggenheim analyst Robert Drbul.
ExxonMobil (XOM) has fallen 2.6% to $86.72 after reporting an adjusted profit of 88 cents a share, well below analyst forecasts for $1.04, on sales of $66.52 billion, below the consensus for $74.31.
Mattel (MAT) has tumbled 9.1% to $13.92 after reporting a loss of 72 cents a share, below forecasts for a 16-cent profit, on sales of $1.61 billion, missing estimate for $1.69 billion. "MAT's Q417/2017 results should be the'major flushing' (inventory, severance, impairments) bottom of a turnaround that should gather 2H18 momentum," writes Wells Fargo analyst Timothy Conder. "Value investors should build MAT positons looking for 2H18/early 2019 re-rating."
HP (HPQ) has declined 1.3% to $23 after getting cut to Neutral from Buy at Mizuho.
Mallinckrodt (MNK) has dropped 2.6% to $17.67 after getting cut to Underweight from Equal Weight at Barclays.
Tractor Supply (TSCO) has fallen 2.7% to $69.48 after getting cut to Underperform from Buy at BofA Merrill Lynch.
Alibaba (BABA) was a big loser yesterday after releasing its earnings --and that meant big gains for investors betting that the stock would decline.
Getty Images
Short sellers have $25.9 billion bet against Alibaba, according to S3 Partners, the largest short in the world, dwarfing the $16.3 billion bet against Ping An Insurance (2318 HK) and the $10.7 billion bet against Tesla (TSLA). That bet against the Chinese internet giant hadn't been going so well, however. Since the beginning of 2016, short sellers had lost about $15.7 billion on those bets heading into the release. "Short sellers are either convinced that rivals such as Tencent Holdings (700 HK) and Baidu (BIDU) will challenge their dominance in China [or] Amazon.com (AMZN) will challenge them worldwide," explains S3's Ihor Dusaniwsky.
But with Alibaba dropping 5.9% to $192.22 yesterday, short's made about $1.5 billion on the drop. That's less than half of this year's $3.9 billion loss, but it's a start.
Don't expect the shorts to give up any time soon
It's as close to a Three-Ring Circus as Silicon Valley has seen in years.
Alphabet spinoff Waymo vs. ride-hailing giant Uber in federal court. Accusations of stolen driverless car technology trade secrets, alleged cover-ups and the very fate of the multibillion-dollar autonomous market at stake. Oh, and a witness list that could include Google co-founders Larry Page and Sergey Brin, former Uber CEO Travis Kalanick, and Anthony Levandowski, the former Uber engineer who previously was a star engineer at Google.
What is shaping up as a courtroom battle hinges on whether Levandowski pilfered 14,000 "highly confidential" documents when he left Google, where he helped run its self-driving division, to start a company in the same field in 2016 that Uber quickly snapped up.
That's the crux of Waymo's lawsuit, which seeks $1.8 billion in damages. Uber, the most-valuable start-up in tech, calls the suit "baseless." Jury selection was scheduled to start in San Francisco on Wednesday, and the trial could start next week.
As corporate intrigue goes, it's glitzy, compelling stuff that almost begs for a Hollywood setting.
Yet behind the facade, several philosophical arguments are in play. To start with, are engineers in the transitory world of tech free to take their talents elsewhere and build on what they learned at their previous employer? Are tech giants with vast amounts of cash too eager to sue to throttle competition? And will the result of such a high-profile case prompt more litigation over trade secrets in a valley that leans heavily on publicly filed patents?
The case shines a light on two of the biggest players in the autonomous vehicles space, with the balance of power at stake. Should Uber lose, for instance, it could significantly impact its prospects for an IPO that could come as early as 2019. The company already is trying to put its "bro" culture behind it under new Chief Executive Dara Khosrowshahi. For Google, which heavily depends on search for revenue, a loss in court might undercut one of its most promising moon shots.
Yes, this case has plenty of steak to match its considerable sizzle. -- Jon Swartz
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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"While we are encouraged by the results, we remain NEUTRAL-rated as we await a better line of sight into a return to sustained growth in UGG, DECK's largest brand," writes Guggenheim analyst Robert Drbul. Deckers Outdoor (DECK) has climbed 6.8% to $93.20 after reporting an adjusted third-quarter profit of $4.97, beating forecasts $3.82, on sales of $810.5 million. "Excellent cost controls helped deliver the bottom-line beat which is likely evidence of Elliott's success in leading the company to a more streamlined organization with a balance between earnings and revenue growth," writes Leerink analyst David Larsen.
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Deckers Outdoor (DECK) has climbed 6.8% to $93.20 after reporting an adjusted third-quarter profit of $4.97, beating forecasts $3.82, on sales of $810.5 million. "While we are encouraged by the results, we remain NEUTRAL-rated as we await a better line of sight into a return to sustained growth in UGG, DECK's largest brand," writes Guggenheim analyst Robert Drbul. Alphabet (GOOGL) has dropped 3.5% to $1,140 after reporting an adjusted profit of $9.70 per share, missing analyst estimates for $10 per share, on sales of $32.3 billion, above the Street consensus for $31.9 billion.
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Deckers Outdoor (DECK) has climbed 6.8% to $93.20 after reporting an adjusted third-quarter profit of $4.97, beating forecasts $3.82, on sales of $810.5 million. "While we are encouraged by the results, we remain NEUTRAL-rated as we await a better line of sight into a return to sustained growth in UGG, DECK's largest brand," writes Guggenheim analyst Robert Drbul. Alphabet (GOOGL) has dropped 3.5% to $1,140 after reporting an adjusted profit of $9.70 per share, missing analyst estimates for $10 per share, on sales of $32.3 billion, above the Street consensus for $31.9 billion.
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Deckers Outdoor (DECK) has climbed 6.8% to $93.20 after reporting an adjusted third-quarter profit of $4.97, beating forecasts $3.82, on sales of $810.5 million. "While we are encouraged by the results, we remain NEUTRAL-rated as we await a better line of sight into a return to sustained growth in UGG, DECK's largest brand," writes Guggenheim analyst Robert Drbul. Analysts had been expecting sales of $59.8 billion and earnings of $1.88 a share.
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302318c7-7f60-4ee5-8e0e-e8419d38825b
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724381.0
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2018-02-02 00:00:00 UTC
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Deckers Surprises With a Big Profit Bump
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DECK
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https://www.nasdaq.com/articles/deckers-surprises-big-profit-bump-2018-02-02
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nan
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nan
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Deckers Outdoor (NYSE: DECK) has gone through a lot of turmoil recently. The maker of popular Ugg boots has been the target of activist investors seeking to have the company squeeze more shareholder value from its operations, and Deckers has gone through restructuring in an effort to figure out its best path forward.
Coming into Thursday's fiscal third-quarter financial report, Deckers investors were ready to see another quarter of sagging earnings and revenue. Yet the shoemaker rewarded its shareholders with particularly strong performance, and that raised hopes that the company might finally have turned the corner. Let's take a closer look at Deckers and what it expects in the future.
The shoe fits for Deckers
Deckers Outdoor's fiscal third-quarter results showed considerable progress in the shoemaker's strategic efforts. Sales climbed nearly 7%, to $810.5 million, shocking those who had expected to see further declines in its top line. A number of one-time factors affected Deckers' earnings, but adjusted net income jumped 20%, to $159.2 million, and that produced adjusted earnings of $4.97 per share. That absolutely crushed the consensus forecast for just $3.82 per share.
Deckers got whipsawed by a couple of extraordinary items. First, the new tax reform laws required the shoemaker to take a one-time charge for revaluing its deferred tax assets, and that combined with some other extraordinary tax-related items cost the company about $63 million in additional income tax expense. However, last year's results were hit by a nearly $129 million restructuring charge. The net result was that GAAP earnings more than doubled from year-ago levels.
As we've seen in past quarters, Deckers got the bulk of its performance from its less-well-known shoe lines. The Hoka One One brand led the way, with greater than 65% gains in sales, while Teva shoes saw sales rise by a third from the year-ago period. Yet those two brands combine for less than a tenth of what Uggs bring in, and that key product offering enjoyed just a 4% boost to its top line. The Sanuk brand once again brought up the rear, but even it managed flat performance.
Deckers saw an interesting reversal in terms of its distribution channels. Direct-to-consumer sales were up about 3% on a 1.7% rise in comparable sales. Yet wholesale net revenue jumped more than 10%, reversing a drop last quarter. Deckers continued to see international success outweigh its reception domestically, with sales from overseas rising 14% compared to just a 2.5% pickup for U.S. numbers.
CEO Dave Powers highlighted the changes. "Our refined product strategies, enhanced consumer messaging, and wholesale account optimization efforts," Powers said, "resulted in much stronger full-price selling for our brand portfolio during the key holiday season." The CEO was also pleased about the work that Deckers' employees put in, as well as favorable aspects like the cold weather in the U.S. that supported Ugg sales during the holidays .
Can Deckers keep rising?
Deckers has high hopes for the coming year and beyond. As Powers put it, "I am confident that the successful execution of our profit improvement plan, combined with the recently passed tax reform, has Deckers in a great position to deliver increased value to our shareholders."
New full-year guidance for fiscal 2018 reflects the huge impact of better revenue and earnings performance. Deckers now sees sales coming in between $1.873 billion and $1.878 billion, which would represent growth of almost 5%, up from the 1% to 2% gains that the shoemaker anticipated three months ago. Adjusted earnings guidance for $5.37 to $5.42 per share is more than $1 per share higher than it previously expected.
Deckers also made some important capital-allocation decisions. The company bought back almost $25 million in stock during the quarter, and it expects to purchase another $75 million before the end of the fiscal year. Deckers also thinks it will repatriate $250 million in cash held overseas by year-end, potentially opening the door to further business uses for the cash.
Deckers shareholders were quite happy with the report, and the stock soared 7% in after-market trading following the announcement. After such a long, tough road, Deckers investors finally hope that the company will start running forward with further gains to keep up its positive momentum.
10 stocks we like better than Deckers Outdoor
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Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends Deckers Outdoor. 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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The maker of popular Ugg boots has been the target of activist investors seeking to have the company squeeze more shareholder value from its operations, and Deckers has gone through restructuring in an effort to figure out its best path forward. As Powers put it, "I am confident that the successful execution of our profit improvement plan, combined with the recently passed tax reform, has Deckers in a great position to deliver increased value to our shareholders." Deckers Outdoor (NYSE: DECK) has gone through a lot of turmoil recently.
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The shoe fits for Deckers Deckers Outdoor's fiscal third-quarter results showed considerable progress in the shoemaker's strategic efforts. A number of one-time factors affected Deckers' earnings, but adjusted net income jumped 20%, to $159.2 million, and that produced adjusted earnings of $4.97 per share. After such a long, tough road, Deckers investors finally hope that the company will start running forward with further gains to keep up its positive momentum.
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The shoe fits for Deckers Deckers Outdoor's fiscal third-quarter results showed considerable progress in the shoemaker's strategic efforts. A number of one-time factors affected Deckers' earnings, but adjusted net income jumped 20%, to $159.2 million, and that produced adjusted earnings of $4.97 per share. 10 stocks we like better than Deckers Outdoor When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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The Motley Fool recommends Deckers Outdoor. Deckers Outdoor (NYSE: DECK) has gone through a lot of turmoil recently. The maker of popular Ugg boots has been the target of activist investors seeking to have the company squeeze more shareholder value from its operations, and Deckers has gone through restructuring in an effort to figure out its best path forward.
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7ba13e12-5f57-439d-92aa-ae52373b4c44
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724382.0
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2018-01-29 00:00:00 UTC
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Factors Likely to Decide Deckers (DECK) Fate in Q3 Earnings
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DECK
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https://www.nasdaq.com/articles/factors-likely-to-decide-deckers-deck-fate-in-q3-earnings-2018-01-29
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nan
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nan
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Deckers Outdoor CorporationDECK , the footwear and apparel retailer, is slated to report third-quarter fiscal 2018 results on Feb 1. In the second quarter, the company delivered positive earnings surprise of 49.5%. Let's see how things are shaping up for this announcement.
Which Way are Estimates Treading?
Investors are keen to find out whether Deckers will be able to sustain its positive earnings surprise streak in the quarter to be reported. In the trailing four quarters, it had outperformed the Zacks Consensus Estimate by an average of 88.3%. The current Zacks Consensus Estimate for the quarter under review has decreased by a couple of cents in the last 30 days and is pegged at $3.84, reflecting a year-over-year decline of 6.6%. Analysts polled by Zacks expect revenues of $750.2 million, down more than 1% year over year.
Factors at Play
Deckers is targeting profitable markets and remains focused on product innovations and store augmentation along with transitioning to a direct subsidiary model from a distributor model outside the United States. The company's focus on expanding brand assortments, bringing more innovative line of products, targeting consumers through marketing and optimizing omni-channel distribution also bode well.
In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and improve shopping experience for customers. Further, it is focused on opening smaller concept omni-channel outlets and expanding programs such as Retail Inventory Online, Infinite UGG; Buy Online, Return In Store; and Click and Collect to enhance shopping experience.
Moreover, in an effort to drive long-term growth, the company has taken strategic initiatives. Its store fleet optimization plan focuses on striking the right balance between digital and physical stores.
However, management had earlier informed that it expects third-quarter net sales to decline due to the timing of orders from the third quarter into the second. Net sales for the quarter under review are estimated to be in the range of $735-$745 million down from $760.3 million reported in the year-ago period. Further, the company now envisions earnings in the range of $3.65-$3.75 compared with $4.11 per share delivered in the prior-year quarter. The year-over-year decline in earnings is attributable to higher operating expenses on account of performance-based compensation.
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 +0.10% and carries a Zacks Rank #3. This makes us reasonably confident that it is likely to outperform estimates.
Other Stocks With Favorable Combination
Here are some 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:
Ross Stores, Inc. ROST has an Earnings ESP of +1.91% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Tapestry, Inc. TPR has an Earnings ESP of +0.39% and a Zacks Rank #3.
Tiffany & Co. TIF has an Earnings ESP of +0.89% and a Zacks Rank #3.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
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Ross Stores, Inc. (ROST): Free Stock Analysis Report
Tiffany & Co. (TIF): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Tapestry, Inc. (TPR): 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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In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and improve shopping experience for customers. Deckers Outdoor CorporationDECK , the footwear and apparel retailer, is slated to report third-quarter fiscal 2018 results on Feb 1. Investors are keen to find out whether Deckers will be able to sustain its positive earnings surprise streak in the quarter to be reported.
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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? Click to get this free report Ross Stores, Inc. (ROST): Free Stock Analysis Report Tiffany & Co. (TIF): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Tapestry, Inc. (TPR): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK , the footwear and apparel retailer, is slated to report third-quarter fiscal 2018 results on Feb 1.
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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? Click to get this free report Ross Stores, Inc. (ROST): Free Stock Analysis Report Tiffany & Co. (TIF): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Tapestry, Inc. (TPR): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK , the footwear and apparel retailer, is slated to report third-quarter fiscal 2018 results on Feb 1.
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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? Deckers Outdoor CorporationDECK , the footwear and apparel retailer, is slated to report third-quarter fiscal 2018 results on Feb 1. Investors are keen to find out whether Deckers will be able to sustain its positive earnings surprise streak in the quarter to be reported.
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cab84102-2ca5-44be-aa56-c7711bdca9f2
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724383.0
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2018-01-26 00:00:00 UTC
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Stocks To Watch Ahead Of Earnings: Skechers
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DECK
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https://www.nasdaq.com/articles/stocks-watch-ahead-earnings-skechers-2018-01-26
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nan
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nan
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Skechers ( SKX ) is forming a base offering a 30.00 entry with its next quarterly report due around Feb. 9. The entry is based on a first-stage cup with handle .
[ibd-display-video id=2102289 width=50 float=left autostart=true] Understand that buying a stock close to earnings is risky, since an EPS or sales miss could send it sharply lower. You can reduce your exposure by waiting to see how the company reports and how the market reacts.
Looking For Winning Stocks? Try This Simple Routine
While revenue growth fell last quarter from 17% to 16%, EPS grew 40%, up from -21% in the prior report.
Analysts expect earnings-per-share growth of 225% for the quarter, and 10% growth for the full year. Annual growth estimates were recently revised upward.
The company has a 98 Composite Rating and holds the No. 1 rank among its peers in the Apparel-Shoes & Related industry group. Crocs ( CROX ) and Deckers Outdoor ( DECK ) are also among the group's highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
RELATED:
Earnings Calendar, Analyst Estimates And Stocks To Watch
New Option Strategy Limits Risk Around Earnings
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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Crocs ( CROX ) and Deckers Outdoor ( DECK ) are also among the group's highest-rated stocks. Skechers ( SKX ) is forming a base offering a 30.00 entry with its next quarterly report due around Feb. 9. [ibd-display-video id=2102289 width=50 float=left autostart=true] Understand that buying a stock close to earnings is risky, since an EPS or sales miss could send it sharply lower.
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Crocs ( CROX ) and Deckers Outdoor ( DECK ) are also among the group's highest-rated stocks. You can reduce your exposure by waiting to see how the company reports and how the market reacts. Earnings Calendar, Analyst Estimates And Stocks To Watch New Option Strategy Limits Risk Around Earnings 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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Crocs ( CROX ) and Deckers Outdoor ( DECK ) are also among the group's highest-rated stocks. Skechers ( SKX ) is forming a base offering a 30.00 entry with its next quarterly report due around Feb. 9. Try This Simple Routine While revenue growth fell last quarter from 17% to 16%, EPS grew 40%, up from -21% in the prior report.
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Crocs ( CROX ) and Deckers Outdoor ( DECK ) are also among the group's highest-rated stocks. Skechers ( SKX ) is forming a base offering a 30.00 entry with its next quarterly report due around Feb. 9. The entry is based on a first-stage cup with handle .
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b200eb72-9984-482d-a814-d43a6c4beba1
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724384.0
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2018-01-22 00:00:00 UTC
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September 21st Options Now Available For Deckers Outdoor (DECK)
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DECK
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https://www.nasdaq.com/articles/september-21st-options-now-available-deckers-outdoor-deck-2018-01-22
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nan
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nan
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Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options become available today, for the September 21st expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new September 21st contracts and identified one put and one call contract of particular interest.
The put contract at the $85.00 strike price has a current bid of $7.80. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $85.00, but will also collect the premium, putting the cost basis of the shares at $77.20 (before broker commissions). To an investor already interested in purchasing shares of DECK, that could represent an attractive alternative to paying $85.67/share today.
Because the $85.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 9.18% return on the cash commitment, or 13.84% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $85.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $87.50 strike price has a current bid of $7.90. If an investor was to purchase shares of DECK stock at the current price level of $85.67/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $87.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 11.36% if the stock gets called away at the September 21st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DECK shares really soar, which is why looking at the trailing twelve month trading history for Deckers Outdoor Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DECK's trailing twelve month trading history, with the $87.50 strike highlighted in red:
Considering the fact that the $87.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract , Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 9.22% boost of extra return to the investor, or 13.91% annualized, which we refer to as the YieldBoost .
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $85.67) to be 37%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls 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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Of course, a lot of upside could potentially be left on the table if DECK shares really soar, which is why looking at the trailing twelve month trading history for Deckers Outdoor Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DECK's trailing twelve month trading history, with the $87.50 strike highlighted in red: Considering the fact that the $87.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options become available today, for the September 21st expiration.
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Below is a chart showing DECK's trailing twelve month trading history, with the $87.50 strike highlighted in red: Considering the fact that the $87.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options become available today, for the September 21st expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new September 21st contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $85.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $87.50 strike price has a current bid of $7.90. Below is a chart showing DECK's trailing twelve month trading history, with the $87.50 strike highlighted in red: Considering the fact that the $87.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options become available today, for the September 21st expiration.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new September 21st contracts and identified one put and one call contract of particular interest. Below is a chart showing DECK's trailing twelve month trading history, with the $87.50 strike highlighted in red: Considering the fact that the $87.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options become available today, for the September 21st expiration.
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a5ca6f4d-9548-41a4-aa15-a14ea5b3aaa7
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724385.0
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2018-01-19 00:00:00 UTC
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What are Deckers Outdoor's Strategies for Long-term Growth?
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DECK
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https://www.nasdaq.com/articles/what-are-deckers-outdoors-strategies-for-long-term-growth-2018-01-19
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nan
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nan
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Shares of Deckers Outdoor CorporationDECK are riding high on optimistic fiscal 2018 view, management's focus on enhancing omni-channel capabilities, innovative line of products and expanding brand assortments. In the past six months, the company's shares have gained 26.9%, outperforming the industry 's growth of 11.7%. However, soft third-quarter projections are a concern in the short run. Let's delve deeper.
Hidden Catalyst
Deckers is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities. The company's focus on expanding brand assortments, bringing more innovative line of products, targeting consumers digitally and optimizing omni-channel distribution bode well.
In keeping with the changing trends, Deckers has been constantly developing e-commerce portal to capitalize on incremental sales. The company has made substantial investments to strengthen online presence and improve shopping experience for customers. The company is focused on opening smaller concept omni-channel outlets and expanding programs such as Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect to improve customers' shopping experience.
Moreover, the company has undertaken strategic initiatives in an effort to drive long-term growth. Its store-fleet optimization plan focuses on striking the right balance between digital and physical stores. Also, Deckers expects cost savings of about $150 million on the back of improvement in cost of goods sold and SG&A savings, which includes consolidation of retail outlets and process improvement efficiencies. This will help realize $100-million operating profit improvement by fiscal 2020. Management had earlier informed that it anticipates total sales of about $2 billion with operating margin of 13% by fiscal 2020.
For fiscal 2018, the Zacks Rank #3 (Hold) company has set operating margin goal of 10.5%. Management now expects net sales to be up approximately 1-2% from last year and envisions adjusted earnings between $4.15 and $4.30 per share, up from $3.82 reported last year. Gross margin for the fiscal year is anticipated to be 47.5%.
Concerns
Following the second-quarter results, management raised fiscal 2018 view but provided a soft third-quarter outlook. In the third quarter, net sales are estimated to be in the range of $735-$745 million down from $760.3 million reported in the year-ago period. The year-over-year fall in sales is due to the timing of orders from the third quarter into the second. Further, the company now envisions earnings in the range of $3.65-$3.75 compared with $4.11 per share delivered in the prior-year quarter. The year-over-year decline in earnings is attributable to higher operating expenses on account of performance-based compensation.
Further, management expects DTC comps to be down low-single digits to up low-single digits for the fiscal year. Domestic wholesale revenue is expected to decline in low-to-mid single digits.
Hot Stocks in the Retail Space Worth Checking Out
Investors interested in the retail space may consider better-ranked stocks such as American Eagle Outfitters, Inc. AEO , Boot Barn Holdings, Inc. BOOT and The Children's Place, Inc. PLCE . These three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
American Eagle Outfitters has a long-term earnings growth rate of 7.5%.
Boot Barn Holdings has an impressive long-term earnings growth rate of 15.7%.
Children's Place has reported better-than-expected earnings surprise in three of the trailing four quarters, with an average earnings beat of 14%.
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
American Eagle Outfitters, Inc. (AEO): Free Stock Analysis Report
Children's Place, Inc. (The) (PLCE): 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.
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 are riding high on optimistic fiscal 2018 view, management's focus on enhancing omni-channel capabilities, innovative line of products and expanding brand assortments. Hidden Catalyst Deckers is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities. In keeping with the changing trends, Deckers has been constantly developing e-commerce portal to capitalize on incremental sales.
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Shares of Deckers Outdoor CorporationDECK are riding high on optimistic fiscal 2018 view, management's focus on enhancing omni-channel capabilities, innovative line of products and expanding brand assortments. Click to get this free report American Eagle Outfitters, Inc. (AEO): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): 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. Hidden Catalyst Deckers is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities.
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Shares of Deckers Outdoor CorporationDECK are riding high on optimistic fiscal 2018 view, management's focus on enhancing omni-channel capabilities, innovative line of products and expanding brand assortments. Click to get this free report American Eagle Outfitters, Inc. (AEO): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): 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. Hidden Catalyst Deckers is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities.
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Click to get this free report American Eagle Outfitters, Inc. (AEO): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): 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. Shares of Deckers Outdoor CorporationDECK are riding high on optimistic fiscal 2018 view, management's focus on enhancing omni-channel capabilities, innovative line of products and expanding brand assortments. Hidden Catalyst Deckers is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities.
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5d690bd8-ca3f-4638-87af-be4c1c610da2
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724386.0
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2018-01-04 00:00:00 UTC
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Let's Trade This 8-Time Winner Again
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DECK
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https://www.nasdaq.com/articles/lets-trade-8-time-winner-again-2018-01-04
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nan
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nan
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As we begin a new year, it's reasonable to ask what it holds in store...
But, in all likelihood, we should expect this new year to be a lot like this year.
That's almost always the case. In our personal lives, sometimes there is a significant life event -- like a marriage or the arrival of a new child -- but most of the time, the turning of a page on a calendar doesn't matter much. Most days, there are changes, but they are small.
Our children, for example, change over time, but the changes are difficult to notice. Most of the time, we think they are acting normally.
Slow change is just a fact of life.
That's also true in the stock market. Although analysts try to forecast the next year, the truth is that next year is often a lot like the year before.
I know this isn't what we usually expect, so here's an example to explain what I mean:
So far this year, the S&P 500 is up about 20%. The index looks like it will end the year with its first gain of 20% or more since 2013. With a gain of that size, it's safe to say that this has been a good year for stocks. And history tells us we can expect another good year in the stock market.
Since 1950, there have been 18 years where the S&P 500 has gained at least 20%. Of those times, the following year delivered an average gain of 11.3%, and the market closed higher 83.3% of the time. These are better-than-average numbers.
Since 1950, in years when the S&P 500 gained less than 20% the year before, the index closed higher just 67.3% of the time and delivered an average gain of just 8%.
So, given the historical results, we should expect another better-than-average year in 2018.
However, it probably won't be smooth sailing all year... and we should be prepared for increased volatility.
This year's unusually low volatility was unprecedented. That means there is no forecast for next year's volatility. I'm expecting higher volatility because, statistically, volatility shows a tendency to revert to the mean.
I'll be keeping an extra close watch for changes in both volatility and the direction of the market trend in the coming year; of course, I will keep you updated with what I'm seeing. But, for now, I am expecting 2018 to be a lot like 2017.
That tendency for more of the same is likely to be true for many companies, as well. Among the companies that are likely to continue with business as usual -- at least in the short term -- is Deckers Outdoor (NYSE: DECK ) .
Our most recent position in DECK expired last month. And just last week, I found another income opportunity in the stock. My premium Income Trader readers and I have been trading DECK for some time -- eight trades (and eight winners!) since 2013. But for those who are new, Deckers is a shoemaker, best known for its UGG brand.
The 8-Time Winner I'm Trading Again
In recent months, DECK has been in the crosshairs of an activist investor who sought to unlock shareholder value.
Marcato Capital Management, an activist hedge fund, took a stake in the company in early 2017. Marcato pushed for a sale of the company or at least some of its brands. Following Marcato's lead, other activist-type funds have subsequently accumulated stakes in Deckers, including Red Mountain Capital Partners, and have also been pushing for a sale.
Most recently, the activist funds tried to increase the pressure on management through a proxy battle.
Rather than looking to put one or two new people on the board of directors (as many activists do), Marcato proposed a completely new slate of directors for the company. At that point, Deckers' management responded by noting they were seeking to maximize shareholder value and had in fact contacted 90 potential suitors but had not been able to find a buyer.
Investors in the company sided with management and defeated Marcato in the proxy vote. It now seems that Deckers' management will maintain its current course, which has been increasingly profitable.
The stock initially sold off on news that the activists' battle was, in all likelihood, over, but shares have since recovered.
For the next few weeks, I expect this uptrend to continue... at least until the company delivers its next quarterly earnings report, which is expected in early February. Until that report is released, the stock is likely to remain in a relatively narrow trading range, which creates a great short-term income opportunity for us.
In the long run, I believe we'll need to see how the quarterly earnings reports look before turning bullish on DECK. This is a short-run trade because there is low risk until traders see those earnings reports.
Generate 3.2% Income, And The Chance To Buy DECK For An 11.6% Discount
But in the meantime, my premium subscribers and I just entered a trade that generated an immediate 3.2% in instant income. This trade expires on Jan. 19. After that, we'll be free to repeat another trade like this again if we want.
This is the same type of trade we've successfully implemented on DECK eight times already, and I see no reason why we can't repeat our success again. But if for some reason, DECK falls below $70, we'll get the chance to buy the stock at an 11.6% discount.
I can't reveal all of the details of this trade out of fairness to my Income Trader subscribers, but as I've mentioned many times before, this is about as close as it gets to a win-win in investing. But in order to make trades like this, you need to know exactly how our strategy works. So if you'd like to get started generating instant income every week, you need to read this first .
Related Articles
Now's The Time To Buy The Amazon Of China
3 Ways To Make 2018 Even More Profitable Than 2017
3 Reasons You Are Not A Stock Market Millionaire
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2016 StreetAuthority, LLC. All Rights Reserved.
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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Following Marcato's lead, other activist-type funds have subsequently accumulated stakes in Deckers, including Red Mountain Capital Partners, and have also been pushing for a sale. Among the companies that are likely to continue with business as usual -- at least in the short term -- is Deckers Outdoor (NYSE: DECK ) . Our most recent position in DECK expired last month.
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Among the companies that are likely to continue with business as usual -- at least in the short term -- is Deckers Outdoor (NYSE: DECK ) . Our most recent position in DECK expired last month. My premium Income Trader readers and I have been trading DECK for some time -- eight trades (and eight winners!)
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My premium Income Trader readers and I have been trading DECK for some time -- eight trades (and eight winners!) Among the companies that are likely to continue with business as usual -- at least in the short term -- is Deckers Outdoor (NYSE: DECK ) . Our most recent position in DECK expired last month.
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My premium Income Trader readers and I have been trading DECK for some time -- eight trades (and eight winners!) Among the companies that are likely to continue with business as usual -- at least in the short term -- is Deckers Outdoor (NYSE: DECK ) . Our most recent position in DECK expired last month.
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4f41e023-fc03-479d-820a-4510b95c2870
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724387.0
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2018-01-03 00:00:00 UTC
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Zacks.com highlights: Caterpillar, Deckers Outdoor, HubSpot, Pioneer Natural Resources and Legg Mason
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DECK
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https://www.nasdaq.com/articles/zacks.com-highlights%3A-caterpillar-deckers-outdoor-hubspot-pioneer-natural-resources-and
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nan
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nan
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For Immediate Release
Chicago, IL - Jan 03, 2018 - Stocks in this week's article include: Caterpillar Inc. CAT , Deckers Outdoor CorporationDECK , HubSpot Inc.HUBS , Pioneer Natural Resources CompanyPXD and Legg Mason Inc.LM .
Screen of the Week of Zacks Investment Research:
Get Sweet Earnings Surprises With 5 Top Stocks
It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectation. This is because investors always try to position themselves ahead of time and look to tap stocks that are high-quality in nature.
Why Is a Positive Earnings Surprise So Important?
Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations. After all, a 20% earnings rise (though apparently looks good) doesn't tell you if earnings growth has been exhibiting a decelerating trend.
Also, seasonal fluctuations come into play sometimes. If a company's Q1 is seasonally weak and Q4 strong, then it is likely to report a sequential earnings decline. In such cases, growth rates are misleading while judging the true health of a company.
On the other hand, after much brainstorming and analysis of companies' financials and initiatives, Wall Street analysts project earnings of companies. They in fact club their insights and a company's guidance when deriving an earnings estimate.
Thus, outperforming that estimate is almost equivalent to beating the company's own expectation as well as the market perception. And if the margin of earnings surprise is big, it typically drives the stock higher right after the release. Thus, more than anything else, an earnings surprise can push a stock higher.
How to Find Stocks that Can Beat?
Now, finding stocks that have the potential to beat on the bottom line may be investors' dream but not an easy job. One way to do this is to look at the earnings surprise history of the company.
An impressive track in this regard generally acts as a catalyst in sending a stock higher. It indicates the company's ability to surpass estimates. And investors generally believe that the company will apply the same secret sauce to execute yet another earning beat in its next release.
And that's what we're screening for today…
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/287417/get-sweet-earnings-surprises-with-5-top-stocks
Get the remaining 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 back testing 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.
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: https://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 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
HubSpot, Inc. (HUBS): Free Stock Analysis Report
Legg Mason, Inc. (LM): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Pioneer Natural Resources Company (PXD): 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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For Immediate Release Chicago, IL - Jan 03, 2018 - Stocks in this week's article include: Caterpillar Inc. CAT , Deckers Outdoor CorporationDECK , HubSpot Inc.HUBS , Pioneer Natural Resources CompanyPXD and Legg Mason Inc.LM . Click to get this free report HubSpot, Inc. (HUBS): Free Stock Analysis Report Legg Mason, Inc. (LM): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Pioneer Natural Resources Company (PXD): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations.
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For Immediate Release Chicago, IL - Jan 03, 2018 - Stocks in this week's article include: Caterpillar Inc. CAT , Deckers Outdoor CorporationDECK , HubSpot Inc.HUBS , Pioneer Natural Resources CompanyPXD and Legg Mason Inc.LM . Click to get this free report HubSpot, Inc. (HUBS): Free Stock Analysis Report Legg Mason, Inc. (LM): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Pioneer Natural Resources Company (PXD): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Screen of the Week of Zacks Investment Research: Get Sweet Earnings Surprises With 5 Top Stocks It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectation.
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Click to get this free report HubSpot, Inc. (HUBS): Free Stock Analysis Report Legg Mason, Inc. (LM): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Pioneer Natural Resources Company (PXD): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - Jan 03, 2018 - Stocks in this week's article include: Caterpillar Inc. CAT , Deckers Outdoor CorporationDECK , HubSpot Inc.HUBS , Pioneer Natural Resources CompanyPXD and Legg Mason Inc.LM . Screen of the Week of Zacks Investment Research: Get Sweet Earnings Surprises With 5 Top Stocks It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectation.
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For Immediate Release Chicago, IL - Jan 03, 2018 - Stocks in this week's article include: Caterpillar Inc. CAT , Deckers Outdoor CorporationDECK , HubSpot Inc.HUBS , Pioneer Natural Resources CompanyPXD and Legg Mason Inc.LM . Click to get this free report HubSpot, Inc. (HUBS): Free Stock Analysis Report Legg Mason, Inc. (LM): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Pioneer Natural Resources Company (PXD): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Screen of the Week of Zacks Investment Research: Get Sweet Earnings Surprises With 5 Top Stocks It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectation.
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fd4c459e-959e-420d-acd2-83ab3c2436c5
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724388.0
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2018-01-02 00:00:00 UTC
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Consumer Sector Update for 01/02/2018: WMT, MCD, DIS, KO, CVS, PG, LVS, WYNN, MGM, TTM, DECK, IAG.L
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-01022018-wmt-mcd-dis-ko-cvs-pg-lvs-wynn-mgm-ttm-deck-iagl-2018-01
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nan
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nan
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Top Consumer Shares:
WMT: +0.4%
MCD: +0.5%
DIS: +0.9%
CVS: flat
KO: flat
PG: +0.1%
Consumer shares were steady ahead of the opening bell on Tuesday.
Expected movers:
- Las Vegas Sands ( LVS ), Wynn Resorts ( WYNN ), MGM Resorts ( MGM ): Macau gaming revenue grows slower than expected in December
- Tata Motors ( TTM ): reports 52% growth in commercial and passenger vehicle domestic sales in December 2017
Other news:
- Deckers Outdoor ( DECK ): downgraded to Hold from Buy at Jefferies
News from overseas:
- IAG (IAG.L): gains in London trading after the company reported late Friday it would buy insolvent Austrian airline Niki for EUR20 million ($24 million).
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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Expected movers: - Las Vegas Sands ( LVS ), Wynn Resorts ( WYNN ), MGM Resorts ( MGM ): Macau gaming revenue grows slower than expected in December - Tata Motors ( TTM ): reports 52% growth in commercial and passenger vehicle domestic sales in December 2017 Other news: - Deckers Outdoor ( DECK ): downgraded to Hold from Buy at Jefferies News from overseas: - IAG (IAG.L): gains in London trading after the company reported late Friday it would buy insolvent Austrian airline Niki for EUR20 million ($24 million). Consumer shares were steady ahead of the opening bell on Tuesday. Unauthorized reproduction is strictly prohibited.
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Expected movers: - Las Vegas Sands ( LVS ), Wynn Resorts ( WYNN ), MGM Resorts ( MGM ): Macau gaming revenue grows slower than expected in December - Tata Motors ( TTM ): reports 52% growth in commercial and passenger vehicle domestic sales in December 2017 Other news: - Deckers Outdoor ( DECK ): downgraded to Hold from Buy at Jefferies News from overseas: - IAG (IAG.L): gains in London trading after the company reported late Friday it would buy insolvent Austrian airline Niki for EUR20 million ($24 million). 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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Expected movers: - Las Vegas Sands ( LVS ), Wynn Resorts ( WYNN ), MGM Resorts ( MGM ): Macau gaming revenue grows slower than expected in December - Tata Motors ( TTM ): reports 52% growth in commercial and passenger vehicle domestic sales in December 2017 Other news: - Deckers Outdoor ( DECK ): downgraded to Hold from Buy at Jefferies News from overseas: - IAG (IAG.L): gains in London trading after the company reported late Friday it would buy insolvent Austrian airline Niki for EUR20 million ($24 million). Consumer shares were steady ahead of the opening bell on Tuesday. 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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Expected movers: - Las Vegas Sands ( LVS ), Wynn Resorts ( WYNN ), MGM Resorts ( MGM ): Macau gaming revenue grows slower than expected in December - Tata Motors ( TTM ): reports 52% growth in commercial and passenger vehicle domestic sales in December 2017 Other news: - Deckers Outdoor ( DECK ): downgraded to Hold from Buy at Jefferies News from overseas: - IAG (IAG.L): gains in London trading after the company reported late Friday it would buy insolvent Austrian airline Niki for EUR20 million ($24 million). Top Consumer Shares: CVS: flat KO: flat
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0ea36eb8-9bfb-46a3-af80-ce9bc13bf9ad
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724389.0
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2018-01-02 00:00:00 UTC
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Burlington Stores Touches 52-Week High: Can it Surge Higher?
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DECK
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https://www.nasdaq.com/articles/burlington-stores-touches-52-week-high%3A-can-it-surge-higher-2018-01-02
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nan
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nan
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Burlington Stores, Inc.BURL looks promising on the back of its robust strategic initiatives, solid focus on store-expansion endeavors and impressive surprise history. Last year, the company has exhibited a bullish run on the index and has outperformed both the industry and the broader sector. Over the said period, the stock has rallied 45.2% while the industry gained 12.1%. Meanwhile, the Retail-Wholesale sector advanced 30% and is currently placed at the top 31% of the Zacks classified sectors.
Impressively, the company's shares have hit a 52-week high of $123.92, although it closed a tad lower at $123.03. Additionally, a Growth Score of A with a long-term earnings growth rate of 17.5 % highlight the stock's growth potential.
Let's Delve Deep
Growth Catalysts
In a competitive retail scenario, Burlington Stores has made multiple changes to business model in order to adapt to the ongoing changes in the industry. In fact, its current open to buy off-price model is helping customers to get nationally branded, fashionable, high quality and fair priced products. Also, over the years, the company has increased vendor counts, made technological advancements, initiated better marketing approach and focused on localized assortments.
Additionally, the company has been focusing on store expansion in order to drive top-line growth. Management now intends to focus more on categories such as home, beauty and ladies apparel. It also believes that there is room to increase the store count to 1,000 over the long term.
Impressive Performance & Robust Outlook
Burlington Stores' strategic efforts are quite well reflected in the company's performance. The company's earnings have surpassed the Zacks Consensus Estimate for 13 successive quarters now. Also, its top line beat the consensus mark in five of the trailing seven quarters. In the last reported quarter, earnings surged 37% year over year as well. Moreover, the bottom line has shown constant improvement in the past several quarters.
In both the second and first quarters of fiscal 2017, earnings have increased 85% year over year following an increase of 20%, 100%, 105% and 39% in the fourth, third, second and first quarters of fiscal 2016, respectively.
Management now envisions fiscal 2017 adjusted earnings in the range of $4.23-$4.27 per share compared with $3.24 reported in the prior year. For the fourth quarter, earnings are expected to come within the range of $2.02-$2.06 per share compared with $1.78 reported in the prior-year period. The Zacks Consensus Estimate is currently pegged higher at $4.28 and $2.08 for the fiscal year and the fourth quarter, respectively.
Amid a tough retail backdrop, Burlington Stores' comparable-store sales (comps) have witnessed constant improvement over the past few years. Apparently, comps have increased 4.5%, 2.1%, 4.9%, 4.7% and 1.2% in fiscal 2016, 2015, 2014, 2013 and 2012, respectively. In fact, this momentum continued in fiscal 2017 as well, with first, second and third quarters witnessing a growth of 0.5%, 3.5% and 3.1%, correspondingly. Management now projects comps growth of 2-3% for the final quarter, resulting in comps increase of 2.3-2.6% for fiscal 2017.
Where retailers are struggling with dwindling margins owing to high promotional initiatives, Burlington Stores' gross margin has shown constant improvement in the last few years. Improvement in gross margin can be attributed to its efforts toward managing inventory as well as effective cost management and merchandising margin. In the first, second and third quarters of fiscal 2017, gross margin expanded 80, 110 and 100 basis points to 40.9%, 40.7% and 42.2%, respectively.
Bottom Line
Effective changes in business model, robust store-expansion strategy, sturdy earnings surprise history and impressive comps growth and gross margin trend make this Zacks Rank #2 (Buy) stock a solid pick for your portfolio now.
Some other top-ranked stocks that have hit a 52-week high on Dec 29 are Deckers Outdoor Corporation DECK , Wolverine World Wide, Inc. WWW and Constellation Brands, Inc. STZ . All these stocks also carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Deckers with a long-term earnings growth rate of 10.7% has delivered an average positive earnings surprise of 88.3% in the trailing four quarters.
Wolverine with a long-term earnings growth rate of 12.5% has pulled off an average positive earnings surprise of 21.8% in the last four quarters.
Constellation Brands with a long-term earnings growth rate of 18.4% has come up with an average positive earnings surprise of 13.6% in the trailing four quarters.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it 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
Constellation Brands Inc (STZ): Free Stock Analysis Report
Burlington Stores, Inc. (BURL): 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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Some other top-ranked stocks that have hit a 52-week high on Dec 29 are Deckers Outdoor Corporation DECK , Wolverine World Wide, Inc. WWW and Constellation Brands, Inc. STZ . Deckers with a long-term earnings growth rate of 10.7% has delivered an average positive earnings surprise of 88.3% in the trailing four quarters. Click to get this free report Constellation Brands Inc (STZ): Free Stock Analysis Report Burlington Stores, Inc. (BURL): 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.
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Some other top-ranked stocks that have hit a 52-week high on Dec 29 are Deckers Outdoor Corporation DECK , Wolverine World Wide, Inc. WWW and Constellation Brands, Inc. STZ . Click to get this free report Constellation Brands Inc (STZ): Free Stock Analysis Report Burlington Stores, Inc. (BURL): 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. Deckers with a long-term earnings growth rate of 10.7% has delivered an average positive earnings surprise of 88.3% in the trailing four quarters.
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Click to get this free report Constellation Brands Inc (STZ): Free Stock Analysis Report Burlington Stores, Inc. (BURL): 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. Some other top-ranked stocks that have hit a 52-week high on Dec 29 are Deckers Outdoor Corporation DECK , Wolverine World Wide, Inc. WWW and Constellation Brands, Inc. STZ . Deckers with a long-term earnings growth rate of 10.7% has delivered an average positive earnings surprise of 88.3% in the trailing four quarters.
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Some other top-ranked stocks that have hit a 52-week high on Dec 29 are Deckers Outdoor Corporation DECK , Wolverine World Wide, Inc. WWW and Constellation Brands, Inc. STZ . Deckers with a long-term earnings growth rate of 10.7% has delivered an average positive earnings surprise of 88.3% in the trailing four quarters. Click to get this free report Constellation Brands Inc (STZ): Free Stock Analysis Report Burlington Stores, Inc. (BURL): 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.
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ec7bba4f-073e-4bf7-908e-7e30ca28a6ba
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724390.0
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2018-01-02 00:00:00 UTC
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Can Deckers & Wolverine Soar Even Higher Post a 52-Week High?
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DECK
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https://www.nasdaq.com/articles/can-deckers-wolverine-soar-even-higher-post-a-52-week-high-2018-01-02
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nan
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nan
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The Shoes and Retail Apparel industry displayed a bull run last year. While the industry advanced 21.3%, the S&P 500 gained 19% over the said time frame. Two players in this industry - Deckers Outdoor CorporationDECK and Wolverine World Wide, Inc.WWW - have outpaced this trend as well, with a respective rally of 39.5% and 45.5% in a year's time. Apart from benefiting from their strategic endeavors, we expect these stocks are poised to gain from a buoyant U.S. economy.
Consequently, shares of Deckers and Wolverine have hit a 52-week high on Dec 29. Both the companies carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Let's take a look at the two companies' growth strategies that are aiding them to outperform the industry.
What's Pushing Deckers' Shares Higher?
Shares of Deckers have hit a 52-week high of $80.96 on Friday, closing marginally lower at $80.25. The company looks appeasing driven by its robust omni-channel endeavors, solid restructuring plan and other growth strategies. In fact, a Momentum Score of A and a long-term earnings growth rate of 10.7% further raise optimism in the stock.
Keeping pace with the changing trends, Deckers has been constantly developing its e-commerce portal to capture incremental sales. Moreover, it is focused on opening smaller concept omni-channel outlets and expanding programs, besides making new additions to its portfolio.
In an effort to drive long-term growth, management has also undertaken strategic initiatives. We believe the company's focus on expanding its brand assortments, bringing more innovative line of products, targeting consumers digitally and optimizing omni-channel distribution are encouraging.
Additionally, analysts are steadily growing bullish on the stock as evident from the uptrend in the earnings estimates. The Zacks Consensus Estimate of $4.34 for fiscal 2018 and $5.01 for fiscal 2019 has moved up 4 cents and 5 cents, respectively, over the past seven days. Also, the estimate for the third-quarter fiscal 2018 has climbed 3 cents to $3.82 in the same time frame.
Driven by its robust growth strategies and better-than-anticipated second-quarter results, management raised its fiscal 2018 guidance. Earnings are envisioned between $4.15 and $4.30 per share, up from $3.95-$4.15 projected earlier.
What's Driving Wolverine's Shares?
Although shares of Wolverine have hit a 52-week high of $32.05 on Dec 29, it closed a tad lower at $31.88. In fact, the company has been putting up a stellar show buoyed by its solid strategic transformation plan - the WOLVERINE WAY FORWARD - as well as other robust growth endeavors and an impressive earnings history.
The company's WOLVERINE WAY FORWARD initiative focuses on strengthening product innovations, developing more consumer-centric approach, enhancing geographical foothold as well as delivering persistent organic growth amid a fast-changing global retail and consumer environment. Also, management intends to develop digital infrastructure and has been taking other initiatives to boost e-commerce growth.
Driven by its strategic endeavors, Wolverine boasts a robust surprise history. In third-quarter 2017, the company delivered eighth straight quarter of positive earnings surprise with four consecutive sales beat. Also, it has recorded an average beat of 21.8% in the trailing four quarters. The company's long-term earnings growth rate of 12.5% further bolsters investors' confidence.
Other Stocks That Scaled 52-Week High
Some other top-ranked stocks that have also hit a 52-week high on Dec 29 are Constellation Brands, Inc. STZ and Burlington Stores, Inc. BURL , both carrying a Zacks Rank #2.
Constellation Brands with a long-term earnings growth rate of 18.4% has delivered an average positive earnings surprise of 13.6% in the trailing four quarters.
Burlington Stores with a long-term earnings growth rate of 17.5% has pulled off an average positive earnings surprise of 15.2% in the last four quarters.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it 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
Constellation Brands Inc (STZ): Free Stock Analysis Report
Burlington Stores, Inc. (BURL): 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.
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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Two players in this industry - Deckers Outdoor CorporationDECK and Wolverine World Wide, Inc.WWW - have outpaced this trend as well, with a respective rally of 39.5% and 45.5% in a year's time. Consequently, shares of Deckers and Wolverine have hit a 52-week high on Dec 29. What's Pushing Deckers' Shares Higher?
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Click to get this free report Constellation Brands Inc (STZ): Free Stock Analysis Report Burlington Stores, Inc. (BURL): 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. Two players in this industry - Deckers Outdoor CorporationDECK and Wolverine World Wide, Inc.WWW - have outpaced this trend as well, with a respective rally of 39.5% and 45.5% in a year's time. Consequently, shares of Deckers and Wolverine have hit a 52-week high on Dec 29.
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Click to get this free report Constellation Brands Inc (STZ): Free Stock Analysis Report Burlington Stores, Inc. (BURL): 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. Two players in this industry - Deckers Outdoor CorporationDECK and Wolverine World Wide, Inc.WWW - have outpaced this trend as well, with a respective rally of 39.5% and 45.5% in a year's time. Consequently, shares of Deckers and Wolverine have hit a 52-week high on Dec 29.
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Two players in this industry - Deckers Outdoor CorporationDECK and Wolverine World Wide, Inc.WWW - have outpaced this trend as well, with a respective rally of 39.5% and 45.5% in a year's time. Consequently, shares of Deckers and Wolverine have hit a 52-week high on Dec 29. What's Pushing Deckers' Shares Higher?
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869c4147-8ba3-4476-b34d-5ea457ef164a
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724391.0
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2018-01-02 00:00:00 UTC
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Get Sweet Earnings Surprises With 5 Top Stocks
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DECK
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https://www.nasdaq.com/articles/get-sweet-earnings-surprises-with-5-top-stocks-2018-01-02
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nan
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nan
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It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectation. This is because investors always try to position themselves ahead of time and look to tap stocks that are high-quality in nature.
Why Is a Positive Earnings Surprise So Important?
Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations. After all, a 20% earnings rise (though apparently looks good) doesn't tell you if earnings growth has been exhibiting a decelerating trend.
Also, seasonal fluctuations come into play sometimes. If a company's Q1 is seasonally weak and Q4 strong, then it is likely to report a sequential earnings decline. In such cases, growth rates are misleading while judging the true health of a company.
On the other hand, after much brainstorming and analysis of companies' financials and initiatives, Wall Street analysts project earnings of companies. They in fact club their insights and a company's guidance when deriving an earnings estimate.
Thus, outperforming that estimate is almost equivalent to beating the company's own expectation as well as the market perception. And if the margin of earnings surprise is big, it typically drives the stock higher right after the release. Thus, more than anything else, an earnings surprise can push a stock higher.
How to Find Stocks that Can Beat?
Now, finding stocks that have the potential to beat on the bottom line may be investors' dream but not an easy job. One way to do this is to look at the earnings surprise history of the company.
An impressive track in this regard generally acts as a catalyst in sending a stock higher. It indicates the company's ability to surpass estimates. And investors generally believe that the company will apply the same secret sauce to execute yet another earning beat in its next release.
The Winning Strategy
In order to shortlist stocks that are likely to come up with an earnings surprise, we chose the following as our primary screening parameters.
Last EPS Surprise greater than or equal to 10%: Stocks delivering positive surprise in the last quarter tend to surprise again.
Average EPS Surprise in the last four quarters greater than 20%: We lifted the bar for outperformance slight higher by setting the average earnings surprise for the last four quarters at 20%.
Average EPS Surprise in the last two quarters greater than 20%: This points to a more consistent surprise history and makes the case for another surprise even stronger.
In addition, we place a few other criteria that push up the chance of a positive surprise.
Zacks Rank less than or equal to 2: Only companies with a Zacks Rank #1 (Strong Buy) or 2 (Buy) rating can get through.
Earnings ESP greater than zero: A stock needs to have both a positive Earnings ESP and a Zacks Rank of #1, 2 or 3 for an earnings beat to happen, as per our proven model.
In order to zero in on those that have long-term growth potential and high trading liquidity we have added the following parameters too:
Next 3-5 Years Estimated EPS Growth (Per Year) greater than 10%: Solid expected earnings growth exhibits the stock's long-term growth prospects.
Average 20-day Volume greater than 100,000: High trading volume implies that the stocks have adequate liquidity.
A handful of criteria has narrowed down the universe from over 7,700 stocks to five.
Here are all five stocks:
Caterpillar Inc. CAT : This is a manufacturer and seller of construction and mining equipment. The Zacks Industry Rank of the stock is in the top 27%, at the time of writing. The stock carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor Corporation DECK : The company is into designing and distributing footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. It has a Zacks Rank #2.
HubSpot Inc. HUBS : The Zacks Rank #2 company is an inbound marketing software platform. The Zacks Industry Rank is in the top 39%.
Pioneer Natural Resources Company PXD : This is an independent exploration and production company focused on helping to meet the world's energy needs. The Zacks Industry Rank is in the top 29%. It has a Zacks Rank #2.
Legg Mason Inc. LM : This is a Zacks Rank #1 holding company which, through its subsidiaries, is principally engaged in providing asset management, investment banking and related financial services. The Zacks Industry Rank of the stock is in the top 42%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: http://www.zacks.com/performance .
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it 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
HubSpot, Inc. (HUBS): Free Stock Analysis Report
Legg Mason, Inc. (LM): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Pioneer Natural Resources Company (PXD): 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 : The company is into designing and distributing footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. Click to get this free report HubSpot, Inc. (HUBS): Free Stock Analysis Report Legg Mason, Inc. (LM): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Pioneer Natural Resources Company (PXD): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations.
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Click to get this free report HubSpot, Inc. (HUBS): Free Stock Analysis Report Legg Mason, Inc. (LM): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Pioneer Natural Resources Company (PXD): 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 : The company is into designing and distributing footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. In order to zero in on those that have long-term growth potential and high trading liquidity we have added the following parameters too: Next 3-5 Years Estimated EPS Growth (Per Year) greater than 10%: Solid expected earnings growth exhibits the stock's long-term growth prospects.
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Click to get this free report HubSpot, Inc. (HUBS): Free Stock Analysis Report Legg Mason, Inc. (LM): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Pioneer Natural Resources Company (PXD): 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 : The company is into designing and distributing footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. Zacks Rank less than or equal to 2: Only companies with a Zacks Rank #1 (Strong Buy) or 2 (Buy) rating can get through.
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Click to get this free report HubSpot, Inc. (HUBS): Free Stock Analysis Report Legg Mason, Inc. (LM): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Pioneer Natural Resources Company (PXD): 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 : The company is into designing and distributing footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectation.
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4f445d94-98cc-4c6c-ad9a-f5a9d6878b31
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724392.0
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2018-01-02 00:00:00 UTC
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Can Deckers (DECK) Keep the Earnings Streak Alive This Quarter?
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DECK
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https://www.nasdaq.com/articles/can-deckers-deck-keep-the-earnings-streak-alive-this-quarter-2018-01-02
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nan
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nan
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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Deckers Outdoor CorporationDECK , a firm in the Shoes and Retail Apparel industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, DECK has beaten estimates by at least 20% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, DECK was expected to post a loss of $1.67 per share, while it actually produced a loss of $1.28 per share, a beat of 23.4%. Meanwhile, for the most recent quarter, the company looked to deliver $1.03 per share, when it actually saw $1.54 per share instead, representing a 49.5% positive surprise.
Deckers Outdoor Corporation Price and EPS Surprise
Deckers Outdoor Corporation Price and EPS Surprise | Deckers Outdoor Corporation Quote
Thanks in part to this history, recent estimates have been moving higher for Deckers. In fact, the Earnings ESP for DECK is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company's earnings prospects. This is the case for DECK, as the firm currently has a Zacks Earnings ESP of +2.19%, so another beat could be around the corner.
This is particularly true when you consider that DECK has a great Zacks Rank #2 (Buy), which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that DECK could see another beat at its next report, especially if recent trends are any guide.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it 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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Consider Deckers Outdoor CorporationDECK , a firm in the Shoes and Retail Apparel industry, which could be a great candidate for another beat. In fact, in these reports, DECK has beaten estimates by at least 20% in both cases, suggesting it has a nice short-term history of crushing expectations. This is particularly true when you consider that DECK has a great Zacks Rank #2 (Buy), which can be a harbinger of outperformance and a signal for a strong earnings profile.
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Deckers Outdoor Corporation Price and EPS Surprise Deckers Outdoor Corporation Price and EPS Surprise | Deckers Outdoor Corporation Quote Thanks in part to this history, recent estimates have been moving higher for Deckers. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Consider Deckers Outdoor CorporationDECK , a firm in the Shoes and Retail Apparel industry, which could be a great candidate for another beat.
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Deckers Outdoor Corporation Price and EPS Surprise Deckers Outdoor Corporation Price and EPS Surprise | Deckers Outdoor Corporation Quote Thanks in part to this history, recent estimates have been moving higher for Deckers. When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that DECK could see another beat at its next report, especially if recent trends are any guide. Consider Deckers Outdoor CorporationDECK , a firm in the Shoes and Retail Apparel industry, which could be a great candidate for another beat.
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In fact, in these reports, DECK has beaten estimates by at least 20% in both cases, suggesting it has a nice short-term history of crushing expectations. When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that DECK could see another beat at its next report, especially if recent trends are any guide. Consider Deckers Outdoor CorporationDECK , a firm in the Shoes and Retail Apparel industry, which could be a great candidate for another beat.
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4744ba2a-ee7a-4470-8030-f57b58476497
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724393.0
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2017-12-29 00:00:00 UTC
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Shoppers Love Cheap Shoes, but Wall Street Prefers Deckers and Columbia Sportswear
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DECK
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https://www.nasdaq.com/articles/shoppers-love-cheap-shoes-wall-street-prefers-deckers-and-columbia-sportswear-2017-12-29
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nan
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nan
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Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope.
Do you love a good sale? Of course, you do. According to a new report just out of Bank of America's Merrill Lynch brokerage unit , this recent Christmas shopping season featured a whole slew of sales on shoes sold at Foot Locker (NYSE: FL) and Finish Line (NASDAQ: FINL) , with plenty of bargains to be found on products from Nike (NYSE: NKE) and Under Armour (NYSE: UA) (NYSE: UAA) .
Problem is, when goods go on discount, that means less profit for their manufacturers and their retailers. That's why Merrill Lynch this morning issued a warning for investors in Foot Locker, Finish Line, Nike, and Under Armour. Instead, Merrill Lynch thinks you should take a second look at Deckers Outdoor (NYSE: DECK) and Columbia Sportswear (NASDAQ: COLM) instead.
Here are three things you ought to know.
1. Big sales (online) at Foot Locker and Finish Line
StreetInsider.com covered the details of Merrill Lynch's wide-ranging retail report this morning, breaking the news down into three big themes. Let's begin with the two retailers that Merrill called out for excessive discounting.
According to analyst Robert Ohmes, both Foot Locker and Finish Line held the line on in-store discounts this year, refraining from the excessive discounting that he observed at these stores last year. However, he also observed "more elevated promotional activity" at both retailers for goods sold online. Presumably, this was done in an attempt to combat discounting done by online rival Amazon. But whatever the reason, discounts are discounts, and they can have the effect of eating away at a retailer's gross margins .
2. Bargains available on Nike and Under Armour
Speaking of discounts, Merrill observed that at retailer Dick's Sporting Goods (NYSE: DKS) , Under Armour apparel was "the most discounted brand" found in the store, with "select styles" retailing for 30% off. UA in-store "promotions" were less evident after Black Friday than on the day itself, but were still significant.
Similarly, Merrill observed promotional activity at Under Armour archrival Nike. As Ohmes noted, "following a favorable launch schedule in November," sales of Jordan-brand shoes "have decelerated meaningfully." Merrill highlighted "below retail" pricing on Jordan Retro 6 and Retro 13 shoes. Despite the fact that both brands were launched less than two weeks ago, they're already going on sale, which doesn't say much good about Nike's pricing power.
3. So who's not on sale?
In contrast, Merrill says that Deckers Outdoor (known best for its UGG and Teva brands) and Columbia Sportswear are both refusing to play the discount game.
To the contrary, Merrill spotlighted UGG for taking high-profile steps to enforce a "minimum advertised pricing" strategy on its sheepskin boots, to the extent that it cut off shipments to shoe store The Walking Company in punishment for the latter selling UGGs at a discount last year. Deckers has furthermore resumed selling UGGs at full price on Zappos.com, as opposed to discounting its shoes there last year. Similarly, Merrill notes that "Columbia appeared less promotional" this year than last, and has "gained modest floor space" at its retail distributors, which should translate into higher sales on its higher priced apparel -- resulting in fatter profits. Merrill now sees Deckers earning $0.30 more per share in fiscal 2019 -- $5.25 per share.
What it means to investors
Overall, Merrill says that Deckers and Columbia "stood out" in contrast to Foot Locker and Finish Line "for maintaining a firm grip on pricing" this year. In response, Merrill Lynch is raising its price target on both stocks. Deckers Outdoor stock goes to $84 a share, and the price target on Columbia Sportswear stock rises to $75.
Of course, Deckers already costs more than $80 a share, and Columbia stock is at more than $72 a share. Even assuming Merrill Lynch is right in gauging these two retailers as being more successful than most, that still means the most Merrill is promising investors is about a 4% gain from both stocks over the next 12 months, which hardly seems something to get excited about.
Even less exciting, Columbia Sportswear stock costs 25.4 times trailing-12-month earnings today, and Deckers stock sells for 78 times trailing earnings. Analysts surveyed by S&P Global Market Intelligence see Columbia growing its earnings at only 10% annually over the next five years and Deckers achieving no more than 7% compound annual earnings growth.
No matter how good their pricing discipline might be, I simply don't see much potential for either stock rewarding investors -- not given how much these stocks already cost today.
10 stocks we like better than Deckers Outdoor
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Nike, Under Armour (A Shares), and Under Armour (C Shares). The Motley Fool recommends Deckers Outdoor. 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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Instead, Merrill Lynch thinks you should take a second look at Deckers Outdoor (NYSE: DECK) and Columbia Sportswear (NASDAQ: COLM) instead. In contrast, Merrill says that Deckers Outdoor (known best for its UGG and Teva brands) and Columbia Sportswear are both refusing to play the discount game. What it means to investors Overall, Merrill says that Deckers and Columbia "stood out" in contrast to Foot Locker and Finish Line "for maintaining a firm grip on pricing" this year.
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Even less exciting, Columbia Sportswear stock costs 25.4 times trailing-12-month earnings today, and Deckers stock sells for 78 times trailing earnings. Instead, Merrill Lynch thinks you should take a second look at Deckers Outdoor (NYSE: DECK) and Columbia Sportswear (NASDAQ: COLM) instead. In contrast, Merrill says that Deckers Outdoor (known best for its UGG and Teva brands) and Columbia Sportswear are both refusing to play the discount game.
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Deckers Outdoor stock goes to $84 a share, and the price target on Columbia Sportswear stock rises to $75. Instead, Merrill Lynch thinks you should take a second look at Deckers Outdoor (NYSE: DECK) and Columbia Sportswear (NASDAQ: COLM) instead. In contrast, Merrill says that Deckers Outdoor (known best for its UGG and Teva brands) and Columbia Sportswear are both refusing to play the discount game.
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Deckers Outdoor stock goes to $84 a share, and the price target on Columbia Sportswear stock rises to $75. Instead, Merrill Lynch thinks you should take a second look at Deckers Outdoor (NYSE: DECK) and Columbia Sportswear (NASDAQ: COLM) instead. In contrast, Merrill says that Deckers Outdoor (known best for its UGG and Teva brands) and Columbia Sportswear are both refusing to play the discount game.
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c94bc79a-4eac-4278-8a5f-87c87f77bd8c
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724394.0
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2017-12-28 00:00:00 UTC
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Will Deckers Continue to Cruise Ahead of Industry in 2018?
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DECK
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https://www.nasdaq.com/articles/will-deckers-continue-to-cruise-ahead-of-industry-in-2018-2017-12-28
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nan
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nan
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The Retail - Apparel and Shoes industry has portrayed a bull run in a year, evident from its increase of 23.8%, outperforming the S&P 500's growth of 19.5%. Impressively, the industry ranks in the top 45% of the Zacks classified industries. Notably, Deckers Outdoor CorporationDECK , one of the leading players in this industry, has crushed this marvelous trend too, with its rally of 44.4% over the past year.
Deckers has been riding on its robust omni-channel endeavors, solid restructuring plan, impressive second-quarter fiscal 2018 results and other growth strategies. In fact, a Momentum Score of A, with a long-term earnings growth rate of 10.7%, further boosts optimism in the stock.
Detailed Analysis of Catalysts
Keeping pace with the changing trends, Deckers has been constantly developing its e-commerce portal to capture incremental sales. The company has made substantial investments to strengthen its online presence and improve shopping experience for customers. Moreover, it is focused on opening smaller concept omni-channel outlets and expanding programs, alongside making new additions to its portfolio.
Additionally, Deckers' focus on expanding its brand assortments, bringing more innovative line of products, targeting consumers digitally and optimizing omni-channel distribution bode well.
Moreover, in an effort to drive long-term growth, the company has undertaken strategic initiatives. Its store-fleet optimization plan focuses on striking the right balance between digital and physical stores. Also, Deckers expects cost savings of about $150 million on the back of improvement in cost of goods sold and SG&A savings, which includes consolidation of retail outlets and process improvement efficiencies. This will help realize $100-million operating profit improvement by fiscal 2020.
Impressive Q2 & Upbeat FY18 Outlook
Deckers posted better-than-anticipated second-quarter fiscal 2018 results, defying retail challenges, and also stated that it is no longer pursuing its plan of sale. With this, the company witnessed third straight quarter of positive earnings surprise, delivering an impressive trailing four-quarter average of 88.3%.
In fact, the upbeat results led management to raise its fiscal 2018 guidance and now earnings are envisioned between $4.15 and $4.30 per share, up from $3.95-$4.15 projected earlier. However, the fiscal third-quarter net sales are expected to decline due to the timing of orders, with earnings per share also projected to come down on account of elevated operating expenses. Nevertheless, management remains encouraged of delivering growth on the back of its robust initiatives.
In addition, analysts are also bullish on this Zacks Rank #2 (Buy) stock as evident from the uptrend in the earnings estimates. The Zacks Consensus Estimate of $4.30 for fiscal 2018 and $4.96 for fiscal 2019 moved up 3 cents and 6 cents, respectively, over the past 30 days.
Not Done Yet? Looking For More, Check These
Other stocks in the same industry that carry the same Zacks Rank as Deckers are Skechers U.S.A., Inc. SKX , Wolverine World Wide, Inc. WWW and Carter's, Inc. CRI . Also, these stocks have outpaced the industry in a year's time. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Shares of Skechers, Wolverine and Carter's have surged 55.9%, 44% and 33.1%, respectively.
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Carter's, Inc. (CRI): 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.
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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Additionally, Deckers' focus on expanding its brand assortments, bringing more innovative line of products, targeting consumers digitally and optimizing omni-channel distribution bode well. Impressive Q2 & Upbeat FY18 Outlook Deckers posted better-than-anticipated second-quarter fiscal 2018 results, defying retail challenges, and also stated that it is no longer pursuing its plan of sale. Notably, Deckers Outdoor CorporationDECK , one of the leading players in this industry, has crushed this marvelous trend too, with its rally of 44.4% over the past year.
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Deckers has been riding on its robust omni-channel endeavors, solid restructuring plan, impressive second-quarter fiscal 2018 results and other growth strategies. Looking For More, Check These Other stocks in the same industry that carry the same Zacks Rank as Deckers are Skechers U.S.A., Inc. SKX , Wolverine World Wide, Inc. WWW and Carter's, Inc. CRI . Click to get this free report Carter's, Inc. (CRI): 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.
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Deckers has been riding on its robust omni-channel endeavors, solid restructuring plan, impressive second-quarter fiscal 2018 results and other growth strategies. Looking For More, Check These Other stocks in the same industry that carry the same Zacks Rank as Deckers are Skechers U.S.A., Inc. SKX , Wolverine World Wide, Inc. WWW and Carter's, Inc. CRI . Click to get this free report Carter's, Inc. (CRI): 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.
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Notably, Deckers Outdoor CorporationDECK , one of the leading players in this industry, has crushed this marvelous trend too, with its rally of 44.4% over the past year. Deckers has been riding on its robust omni-channel endeavors, solid restructuring plan, impressive second-quarter fiscal 2018 results and other growth strategies. Detailed Analysis of Catalysts Keeping pace with the changing trends, Deckers has been constantly developing its e-commerce portal to capture incremental sales.
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577de797-5b2a-469e-a944-b4da3e8912e5
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724395.0
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2017-12-19 00:00:00 UTC
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5 Top-Ranked Consumer Stocks That Crushed the Market in 2017
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DECK
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https://www.nasdaq.com/articles/5-top-ranked-consumer-stocks-that-crushed-the-market-in-2017-2017-12-19
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nan
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nan
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Consumers, who are the core of all economic activity, have shown profound optimism lately as is evident from the increased consumer confidence, consumer spending and stable job scenario. Consumers' favorable position also reflects a steady U.S. economy, which is poised for growth.
The commerce department revealed that annual gross domestic product (GDP) rose 3.3% in third-quarter 2017 (second estimate), above the advance reading of 3% and up from 3.1% growth in the preceding quarter. This growth was supported by increases in consumer spending, inventory investment, business investment, and exports.
Consumer spending rose 2.3% in the third quarter. Further, initial holiday period sales data (during the Thanksgiving weekend) suggests that consumers are increasingly spending on restaurants, clothing, electronics, fuel and groceries in November.
Moreover, consumers' optimism is well reflected in the Consumer Confidence data, which increased for the fifth straight month and remains at a 17-year high in November. The Conference Board's Consumer Confidence Index surged to 129.5 in November from October's reading of 126.2.
A major reason for the high consumer confidence is consumers' expectations of further improvement in labor market. Notably, the labor market remains attractive with a gradual decline in unemployment rate. The unemployment rate has gone down significantly to 4.1% in November from 4.8% in January.
The uptick in the U.S. economy is well supported by the bullish run of the stock markets in 2017. Major stock indices Nasdaq Composite Index, the S&P 500 and the Dow Jones Industrial Average registered year-to-date growths of 15.2%, nearly 20% and 24.3%, respectively. Not surprisingly, investors can make the most of this market momentum by investing in stocks that have crushed these indices in 2017.
Why Consumer Discretionary Sector?
Well, spending on discretionary items which form a part of the Consumer Discretionary sector is largely dependent on consumers' spending appetite. Given the favorable background discussed above, consumers are currently willing to spend on discretionary items like durable goods, apparel, entertainment and leisure, and automobiles.
The Consumer Discretionary sector growth trends since the start of 2017 have been very appeasing. Markedly, the sector recorded 17.1% growth year to date, slightly lagging the 19.9% upside of the S&P 500. Further, it carries a Zacks Sector Rank of #9 (out of 16).
Hence, there lies an opportunity to invest in Consumer Discretionary stocks that have outpaced major indices, to make the best of the improving economic situation.
5 Consumer Stocks that Outpaced the Market
That said, we bring five Consumer Discretionary stocks that not only outpaced the market in 2017 but are expected to outperform in the coming years. We have taken the help of the Zacks Stock Screener to pick stocks that outpaced the market (especially S&P 500) this year. These stocks have a market cap of $1 billion or more and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Marriott International Inc.MAR is a leading worldwide hospitality company focused on lodging management and franchising. Shares of Marriott have grown a whopping 61.3% year to date. Further, the Zacks Consensus Estimate for 2017 increased to $4.24 per share from $4.14 per share in the last 60 days, while estimate for 2018 moved up to $4.79 per share from $4.69 per share. With a market cap of $47.3 billion, the stock has a Zacks Rank #2. (Looking for the Best Stocks for 2018? Be among the first to see our Top Ten Stocks for 2018 portfolio here .)
Based in Las Vegas, NV, Wynn Resorts Ltd.WYNN is a leading developer, owner and operator of casino resorts. The company owns and operates casino hotel resort properties in Las Vegas, and in Macau Special Administrative Region of the People's Republic of China. So far this year, Wynn Resorts has gained a whopping 90.9%. The Zacks Consensus Estimate for the fourth quarter increased to $1.32 per share from $1.24 per share in the last 60 days. Further, the estimate for 2017 has moved north from $4.94 per share to $5.34 per share. With a market cap of $17.1 billion, the stock currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
PVH CorporationPVH formerly known as Phillips-Van Heusen Corp., specializes in designing and marketing branded dress shirts, neckwear, sportswear, jeanswear, intimate apparel, swim products, footwear, handbags and other related products. Shares of PVH surged 51% year to date, outperforming the S&P 500. With a market cap of $10.3 billion, the stock currently carries a Zacks Rank #2. In fact, estimates for the current year have risen from $7.71 per share to $7.79 per share in the past 30 days, while next year estimates have risen from $8.74 per share to $8.83 per share.
Michael Kors Holdings LimitedKORS is a global luxury lifestyle company, founded by designer Michael Kors. The company produces a diverse assortment of products including handbags, watches, accessories, jewelry and fragrance products and footwear under Michael Kors Collection, MICHAEL Michael Kors and Michael Kors Mens. The stock advanced 47% so far this year. It has a market cap of $9.4 billion and sports a Zacks Rank #1. Moreover, the company witnessed upward estimate revisions in the last 60 days. The estimate for the current year moved up 6.7% to $3.96 per share and for the next year it jumped 5.2% to $4.02 per share.
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. With a market cap of $2.4 billion, this Zacks Rank #1 stock has grown a solid 39.2% year to date. Moreover, the company's estimates witnessed an uptrend in the last 60 days. The estimate for the current year moved up 3.6% to $4.27 per share and for the next year it jumped 4.7% to $4.90 per share.
Zacks Editor-in-Chief Goes ""All In"" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it 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
Wynn Resorts, Limited (WYNN): Free Stock Analysis Report
Marriott International (MAR): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
PVH Corp. (PVH): Free Stock Analysis Report
Michael Kors Holdings Limited (KORS): 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 is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Click to get this free report Wynn Resorts, Limited (WYNN): Free Stock Analysis Report Marriott International (MAR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. The commerce department revealed that annual gross domestic product (GDP) rose 3.3% in third-quarter 2017 (second estimate), above the advance reading of 3% and up from 3.1% growth in the preceding quarter.
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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. Click to get this free report Wynn Resorts, Limited (WYNN): Free Stock Analysis Report Marriott International (MAR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. The company produces a diverse assortment of products including handbags, watches, accessories, jewelry and fragrance products and footwear under Michael Kors Collection, MICHAEL Michael Kors and Michael Kors Mens.
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Click to get this free report Wynn Resorts, Limited (WYNN): Free Stock Analysis Report Marriott International (MAR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): 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. 5 Consumer Stocks that Outpaced the Market That said, we bring five Consumer Discretionary stocks that not only outpaced the market in 2017 but are expected to outperform in the coming years.
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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. Click to get this free report Wynn Resorts, Limited (WYNN): Free Stock Analysis Report Marriott International (MAR): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. This growth was supported by increases in consumer spending, inventory investment, business investment, and exports.
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224cd776-c992-48da-9cbc-437591be3df7
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724396.0
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2017-12-18 00:00:00 UTC
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NIKE (NKE) Hits 52-week High on its Robust Growth Strategies
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DECK
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https://www.nasdaq.com/articles/nike-nke-hits-52-week-high-on-its-robust-growth-strategies-2017-12-18
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nan
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nan
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NIKE, Inc.NKE looks good backed by its growth strategies, strength in international business and the global NIKE Direct business, focus on its Consumer Direct Offense plan along with healthy financials. Though the company is witnessing soft sales in North America, we expect this to be offset by its solid strategies.
Notably, shares of this Zacks Rank #3 (Hold) scaled a 52-week high of $65.07 on Dec 15, though it closed a tad lower at $64.79. The probable reasons for this momentum could be analysts' bullishness on the stock backed by NIKE's solid financial strength, historical performances and other growth catalysts.
Per the Statista, the worldwide athletic-apparel market is estimated to increase to more than $200 billion by 2022. This, in turn, might positively impact this leading footwear retailer.
In the past three months, the stock has gained 21.5%, almost in line with the industry 's growth.
Let's Delve Deep
Growth Drivers
NIKE is a leader in the U.S. footwear and athletic apparel industry. Per the company, it is well positioned to gain from the rise in digital era as it remains focused on strengthening leadership and driving growth through the next phase.
Also, NIKE remains aggressive with focus on its "triple-double" strategy. In this regard, the company has made significant progress on its triple-double strategy focusing on doubling innovation, speed and direct connection with customers.
Meanwhile, the company remains focused on broadening its territory through the growth of e-commerce and NIKE Direct business. Additionally, NIKE is now planning to sell directly to consumers on social media and e-commerce platforms, which is evident from its deal with Amazon.com, Inc. AMZN .
Furthermore, it plans to sell products directly to consumers through Facebook, Inc.'s FB Instagram. We believe these actions will not only broaden the reach but also aid in boosting sales.
In fact, NIKE's new company alignment - the Consumer Direct Offense plan - focuses on using digital methods for rapid innovation and product development along with strengthening consumer relations by operating through core regions. Through this, the company aims to drive growth by catering to consumers across 12 major cities.
Going forward, the company remains confident of growth drivers like efficient supply chain, enhanced sync between the digital and physical experiences, constant innovations and strategic investments, all of which are likely to bolster long-term shareholder value.
Concerns/ Weaknesses
Lackluster sales trend in the company's key North American market remains a headwind, owing to the lackluster product assortments, increased promotions due to growth of e-commerce and intensified competition. Moreover, the company's wholesale business in the region has been negatively impacted by increased focus on online sales. Also, the overall environment is likely to remain promotional in North America, thereby hurting the results.
Additionally, NIKE has been witnessing strained margins for few quarters now. The company anticipates near-term results to be impacted by the tough retail environment, which led to a bleak second-quarter view.
Nevertheless, the Zacks model shows that NIKE is likely to maintain its robust earnings surprise trend when it reports second-quarter fiscal 2018 results on Dec 21. As the company has the right elements for an earnings beat with Earnings ESP of +2.73 and a Zacks Rank #3 (Hold).
Bottom Line
So, let's wait and see whether NIKE's solid strategic efforts are likely to counter its near-term headwinds, thereby maintaining its impressive earnings history in the coming quarter.
As of now, you can opt for Deckers Outdoor Corporation DECK ) which is a better-ranked stock in the same industry. The company has a long-term earnings growth rate of 10.7% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
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
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Facebook, Inc. (FB): 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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As of now, you can opt for Deckers Outdoor Corporation DECK ) which is a better-ranked stock in the same industry. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): 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 probable reasons for this momentum could be analysts' bullishness on the stock backed by NIKE's solid financial strength, historical performances and other growth catalysts.
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Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): 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. As of now, you can opt for Deckers Outdoor Corporation DECK ) which is a better-ranked stock in the same industry. NIKE, Inc.NKE looks good backed by its growth strategies, strength in international business and the global NIKE Direct business, focus on its Consumer Direct Offense plan along with healthy financials.
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Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): 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. As of now, you can opt for Deckers Outdoor Corporation DECK ) which is a better-ranked stock in the same industry. NIKE, Inc.NKE looks good backed by its growth strategies, strength in international business and the global NIKE Direct business, focus on its Consumer Direct Offense plan along with healthy financials.
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As of now, you can opt for Deckers Outdoor Corporation DECK ) which is a better-ranked stock in the same industry. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): 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. NIKE, Inc.NKE looks good backed by its growth strategies, strength in international business and the global NIKE Direct business, focus on its Consumer Direct Offense plan along with healthy financials.
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cfe06828-0a7a-484e-a1ec-46ca0b1fad1e
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724397.0
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2017-12-12 00:00:00 UTC
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Falling Earnings Estimates Signal Weakness Ahead for Francesca's (FRAN)
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DECK
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https://www.nasdaq.com/articles/falling-earnings-estimates-signal-weakness-ahead-for-francescas-fran-2017-12-12
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nan
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nan
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Francesca's Holdings CorporationFRAN , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in FRAN.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen five estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from 75 cents a share a month ago to its current level of 68 cents.
Also, for the current quarter, Francesca's has seen four downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to 36 cents a share from 40 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 9.4% in the past month.
Francesca's Holdings Corporation Price and Consensus
Francesca's Holdings Corporation Price and Consensus | Francesca's Holdings Corporation Quote
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in the Shoes and Retail Apparel industry, you may instead consider a better-ranked stock - Deckers Outdoor Corporation DECK . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today's Zacks #1 Rank stocks here .
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
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Francesca's Holdings Corporation (FRAN): 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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If you are still interested in the Shoes and Retail Apparel industry, you may instead consider a better-ranked stock - Deckers Outdoor Corporation DECK . Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the Shoes and Retail Apparel industry, you may instead consider a better-ranked stock - Deckers Outdoor Corporation DECK . Francesca's Holdings Corporation Price and Consensus Francesca's Holdings Corporation Price and Consensus | Francesca's Holdings Corporation Quote So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the Shoes and Retail Apparel industry, you may instead consider a better-ranked stock - Deckers Outdoor Corporation DECK . One such stock that you may want to consider dropping is Francesca's Holdings CorporationFRAN , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the Shoes and Retail Apparel industry, you may instead consider a better-ranked stock - Deckers Outdoor Corporation DECK . Francesca's Holdings Corporation Price and Consensus Francesca's Holdings Corporation Price and Consensus | Francesca's Holdings Corporation Quote So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
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cdc89641-afae-4b1a-9b0b-a29fa417793b
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724398.0
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2017-12-07 00:00:00 UTC
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Iconix Issues Soft Preliminary Numbers for Q3, Stock Falls
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DECK
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https://www.nasdaq.com/articles/iconix-issues-soft-preliminary-numbers-for-q3-stock-falls-2017-12-07
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nan
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nan
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Shares of Iconix Brand Group Inc.ICON fell 8.8% in yesterday's trading session, as investors were dismayed by the company's soft preliminary third-quarter 2017 results.
However, figures are yet to be reviewed and finalized by the company. Iconix expects filing third-quarter results in the upcoming days, post completion of impairment testing.
Let's take a look into the current projections issued by the company.
Third Quarter Preliminary Results
Iconix expects licensing revenues for the quarter at approximately $53.2 million, down 12% from the prior-year quarter. The Zacks Consensus Estimate for the quarter is currently pegged in-line with management expectations.
The company expects selling, general and administration expenses to decline 28% to reach $21.5 million during the quarter. However, following the impairment testing of intangible assets and goodwill, the company expects charges worth $500-750 million associated with the women's segment.
Considering all factors, the company expects adjusted earnings of 24 cents per share during quarter, improving 33% from the prior-year quarter's earnings of 18 cents. However, the Zacks Consensus Estimate for the quarter is currently pegged lower at 8 cents.
Iconix Brand Group, Inc. Price, Consensus and EPS Surprise
Iconix Brand Group, Inc. Price, Consensus and EPS Surprise | Iconix Brand Group, Inc. Quote
On a GAAP basis, the company expects a loss of 10 cents from continuing operations for the third quarter.
Factors Likely to Impact Third Quarter
Iconix has been struggling with men's and women's segments for a while, thanks to tough retail market conditions. This trend is likely to continue and hurt quarterly performance.
Additionally, the company's performance is likely to be weighed down by debt. Iconix has a huge debt burden and resorting to various initiatives to reduce the same. To this end, the company has already divested non-core brands such as Sharper Image, Peanuts Worldwide LLC and Strawberry Shortcake.
Owing to such headwinds, shares of the company have lost 74.8% in the past six months against the industry 's gain of 13.8%.
However, we believe this Zacks Rank #3 (Hold) company's strategic partnerships and consistent efforts toward international expansion will improve performance in the long run.
Do Consumer Discretionary Stocks Interest You? Check These
Investors interested in the same sector may consider stocks such as Michael Kors Holdings Ltd. KORS , Deckers Outdoor Corp. DECK and Ralph Lauren Corp. RL . While Ralph Lauren and Deckers Outdoor sport a Zacks Rank #1 (Strong Buy), Michael Kors carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Ralph Lauren came up with an average positive earnings surprise of 11.6% in the trailing four quarters. It has a long-term earnings growth rate of 15%.
Deckers Outdoor pulled off an average positive earnings surprise of 88.3% in the trailing four quarters. It has a long-term earnings growth rate of 10.7%.
Michael Kors delivered an average positive earnings surprise of 23.7% in the trailing four quarters. It has a long-term earnings growth rate of 7.5%.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report
Ralph Lauren Corporation (RL): Free Stock Analysis Report
Michael Kors Holdings Limited (KORS): 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 Investors interested in the same sector may consider stocks such as Michael Kors Holdings Ltd. KORS , Deckers Outdoor Corp. DECK and Ralph Lauren Corp. RL . While Ralph Lauren and Deckers Outdoor sport a Zacks Rank #1 (Strong Buy), Michael Kors carries a Zacks Rank #2 (Buy). Deckers Outdoor pulled off an average positive earnings surprise of 88.3% in the trailing four quarters.
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Check These Investors interested in the same sector may consider stocks such as Michael Kors Holdings Ltd. KORS , Deckers Outdoor Corp. DECK and Ralph Lauren Corp. RL . Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. While Ralph Lauren and Deckers Outdoor sport a Zacks Rank #1 (Strong Buy), Michael Kors carries a Zacks Rank #2 (Buy).
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Investors interested in the same sector may consider stocks such as Michael Kors Holdings Ltd. KORS , Deckers Outdoor Corp. DECK and Ralph Lauren Corp. RL . While Ralph Lauren and Deckers Outdoor sport a Zacks Rank #1 (Strong Buy), Michael Kors carries a Zacks Rank #2 (Buy).
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Check These Investors interested in the same sector may consider stocks such as Michael Kors Holdings Ltd. KORS , Deckers Outdoor Corp. DECK and Ralph Lauren Corp. RL . While Ralph Lauren and Deckers Outdoor sport a Zacks Rank #1 (Strong Buy), Michael Kors carries a Zacks Rank #2 (Buy). Deckers Outdoor pulled off an average positive earnings surprise of 88.3% in the trailing four quarters.
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74971a18-8b5c-4df1-9050-ecc646862ddf
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724399.0
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2017-12-05 00:00:00 UTC
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Columbia Sportswear Rides on Strong International Sales
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DECK
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https://www.nasdaq.com/articles/columbia-sportswear-rides-on-strong-international-sales-2017-12-05
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nan
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nan
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Shares of Columbia Sportswear CompanyCOLM have jumped 16.5% in the past year compared with the industry 's decline of 3.6%. These upsides are mainly related to the company's stellar performance on the international platform.
Strong Brand Performance Aids International Growth
Notably, Columbia Sportswear has been gaining from solid sales growth in international regions, particularly from European wholesale and direct-to-consumer businesses. The company's Columbia and SOREL brands have been depicting strong growth in the European and Canada regions.
In order to strengthen the presence of its brands internationally, Columbia Sportswear has undertaken several marketing initiatives. In the past year, the company developed more than 150 shop-in-shops and increased the number of brand presentations in key partner store locations. The company's unique marketing initiatives and campaigns focus on enabling consumers enjoy outdoor activities.
Further, constant upgrades and effective management have boosted the consumer base for prAna and SOREL brands. Further, the company's international brand performance is expected to benefit from the initiatives under the Project CONNECT program, which focuses on lowering SG&A costs and capturing efficiencies.
Additionally, consumers' inclination toward healthier lifestyle has enhanced participation in outdoor activities have been driving the active apparel and accessories industry. Sportswear is increasingly becoming a style statement and is being worn casually owing to advanced designs and comfort level. Such trends are particularly benefiting the company's prAna brand.
Notably, strength in the international segment fueled the company's third-quarter fiscal 2017 results, following which its shares have gained 8.6%.
Factors Posing Concern
However, Columbia Sportswear has been facing challenges in the U.S. region, especially on the wholesale front due to a tough consumer landscape. This has caused several clients to announce store closures and bankruptcies.
Additionally, the company has been grappling with increased selling, general and administrative expenses, stemming from enhanced marketing spend and initiatives for improving performance. While these efforts are in line with the company's strategy to improve efficiency, they are likely to drag profit.
Bottom Line
In conclusion, we expect that continued growth of Columbia Sportswear's key brands across international market regions will adequately cushion this Zacks Rank #3 (Hold) company against the aforementioned hurdles.
Do Consumer Discretionary Stocks Interest You? Check These
Investors interested in the same sector may also consider stocks such as Michael Kors Holdings Limited KORS , Deckers Outdoor Corporation DECK and Ralph Lauren Corporation RL . While Ralph Lauren and Deckers Outdoor sport a Zacks rank #1 (Strong Buy), Michael Kors carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Ralph Lauren came up with an average positive earnings surprise of 11.6% in the trailing four quarters. It has a long-term earnings growth rate of 15%.
Deckers Outdoor Corporation pulled off an average positive earnings surprise of 88.3% in the trailing four quarters. It has a long-term earnings growth rate of 10.7%.
Michael Kors delivered an average positive earnings surprise of 23.7% in the trailing four quarters. It has a long-term earnings growth rate of 7.5%.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Columbia Sportswear Company (COLM): Free Stock Analysis Report
Ralph Lauren Corporation (RL): 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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Check These Investors interested in the same sector may also consider stocks such as Michael Kors Holdings Limited KORS , Deckers Outdoor Corporation DECK and Ralph Lauren Corporation RL . While Ralph Lauren and Deckers Outdoor sport a Zacks rank #1 (Strong Buy), Michael Kors carries a Zacks Rank #2 (Buy). Deckers Outdoor Corporation pulled off an average positive earnings surprise of 88.3% in the trailing four quarters.
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Check These Investors interested in the same sector may also consider stocks such as Michael Kors Holdings Limited KORS , Deckers Outdoor Corporation DECK and Ralph Lauren Corporation RL . While Ralph Lauren and Deckers Outdoor sport a Zacks rank #1 (Strong Buy), Michael Kors carries a Zacks Rank #2 (Buy). Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. Check These Investors interested in the same sector may also consider stocks such as Michael Kors Holdings Limited KORS , Deckers Outdoor Corporation DECK and Ralph Lauren Corporation RL . While Ralph Lauren and Deckers Outdoor sport a Zacks rank #1 (Strong Buy), Michael Kors carries a Zacks Rank #2 (Buy).
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Check These Investors interested in the same sector may also consider stocks such as Michael Kors Holdings Limited KORS , Deckers Outdoor Corporation DECK and Ralph Lauren Corporation RL . While Ralph Lauren and Deckers Outdoor sport a Zacks rank #1 (Strong Buy), Michael Kors carries a Zacks Rank #2 (Buy). Deckers Outdoor Corporation pulled off an average positive earnings surprise of 88.3% in the trailing four quarters.
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35f5ca32-6588-438c-bde8-249677e692a1
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