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2017-12-05 00:00:00 UTC
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Five Huge Stocks Leading the Market Higher
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DECK
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https://www.nasdaq.com/articles/five-huge-stocks-leading-market-higher-2017-12-05
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nan
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nan
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After last week's bullishness into the tax reform bill, this week's optimism fizzled out pretty much after Monday morning. Today shared a similar pattern to yesterday with the market starting off in the green but finding its way down the drain by the end of the session. However, it wasn't the NASDAQ leading the way down but rather the Dow bringing the pain for most of the day.
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:
Deere DE
Deere & Company Price and Consensus
Deere & Company Price and Consensus | Deere & Company Quote
Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, such as large, medium, and utility tractors; loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related front-end harvesting equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment, including sprayers, nutrient management, and soil preparation machinery.
Deckers Outdoor DECK
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote
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.
At Home Group HOME
At Home Group Inc. Price and Consensus
At Home Group Inc. Price and Consensus | At Home Group Inc. Quote
At Home Group Inc. operates home decor superstores in the United States. The company's stores offer approximately 50,000 items, such as accent furniture, frames, pottery, bar stools, garden décor, rugs and mats, bedding and bath products, Halloween decorations, sculptures, beds and mattresses, harvest decorations, silk flowers, candles, home organization products, sofas, chairs, kitchenware, stands, Christmas decorations, lamps, storage products, consumables, mirrors, tables, Easter decorations, patio products, vases, floor plants and trees, pet items, wall arts, food preparation items, pillows and cushions, and window treatments
Oshkosh OSK
Oshkosh Corporation Price and Consensus
Oshkosh Corporation Price and Consensus | Oshkosh Corporation Quote
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and tele handlers for use in construction, agricultural, industrial, institutional, and general maintenance applications. Its Defense segment provides severe-duty, heavy-and medium-payload tactical trucks for the department of defense, such as hauling tanks, missile systems, ammunition, fuel, troops, and cargo for combat units and light-payload tactical vehicles.
Tyson Foods TSN
Tyson Foods, Inc. Price and Consensus
Tyson Foods, Inc. Price and Consensus | Tyson Foods, Inc. Quote
Tyson Foods, Inc., together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats.
Now See All Our Private Trades
While today's Zacks Rank #1 new additions are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for all Zacks 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
Oshkosh Corporation (OSK): Free Stock Analysis Report
At Home Group Inc. (HOME): Free Stock Analysis Report
Tyson Foods, Inc. (TSN): Free Stock Analysis Report
Deere & Company (DE): 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 DECK Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote 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 Oshkosh Corporation (OSK): Free Stock Analysis Report At Home Group Inc. (HOME): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Deere & Company (DE): 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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Deckers Outdoor DECK Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote 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 Oshkosh Corporation (OSK): Free Stock Analysis Report At Home Group Inc. (HOME): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. The list of stocks I cover today include: Deere DE Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide.
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Click to get this free report Oshkosh Corporation (OSK): Free Stock Analysis Report At Home Group Inc. (HOME): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor DECK Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote 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: Deere DE Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide.
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Click to get this free report Oshkosh Corporation (OSK): Free Stock Analysis Report At Home Group Inc. (HOME): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor DECK Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum .
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c0649547-67f1-4ea5-8af7-6ff87f404baa
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724401.0
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2017-12-05 00:00:00 UTC
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Deckers Outdoor Scores Relative Strength Rating Upgrade; Hits Key Threshold
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-scores-relative-strength-rating-upgrade-hits-key-threshold-2017-12-05
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nan
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nan
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When building your watch list, focus on stocks with an 80 or higher RS Rating . Deckers Outdoor ( DECK ) now meets that criteria, with a jump from 80 to 83 Tuesday.
[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
Looking For Winning Stocks? Try This Simple Routine
Deckers Outdoor has climbed more than 5% past a 72.23 entry in a first-stage cup with handle , meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth picked up last quarter from 0% to 25%. But sales fell from 20% to -1%.
Deckers Outdoor earns the No. 5 rank among its peers in the Apparel-Shoes & Related industry group. Skechers ( SKX ) is the top-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
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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Try This Simple Routine Deckers Outdoor has climbed more than 5% past a 72.23 entry in a first-stage cup with handle , meaning it's now out of a proper buy zone. Deckers Outdoor ( DECK ) now meets that criteria, with a jump from 80 to 83 Tuesday. Deckers Outdoor earns the No.
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Deckers Outdoor ( DECK ) now meets that criteria, with a jump from 80 to 83 Tuesday. Try This Simple Routine Deckers Outdoor has climbed more than 5% past a 72.23 entry in a first-stage cup with handle , meaning it's now out of a proper buy zone. Deckers Outdoor earns the No.
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Deckers Outdoor ( DECK ) now meets that criteria, with a jump from 80 to 83 Tuesday. Try This Simple Routine Deckers Outdoor has climbed more than 5% past a 72.23 entry in a first-stage cup with handle , meaning it's now out of a proper buy zone. Deckers Outdoor earns the No.
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Deckers Outdoor earns the No. Deckers Outdoor ( DECK ) now meets that criteria, with a jump from 80 to 83 Tuesday. Try This Simple Routine Deckers Outdoor has climbed more than 5% past a 72.23 entry in a first-stage cup with handle , meaning it's now out of a proper buy zone.
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ba3ebe4e-11d5-44e5-beff-e3c6b7f03df9
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724402.0
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2017-11-30 00:00:00 UTC
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Can Hanesbrands' International Gains Offset Weak US Sales?
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DECK
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https://www.nasdaq.com/articles/can-hanesbrands-international-gains-offset-weak-us-sales-2017-11-30
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nan
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nan
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Hanesbrands Inc 's HBI top line has been gaining from the stellar performance of international business and sturdy growth in e-commerce channel. However, Hanesbrands domestic operations have been soft owing to a tough retail landscape.
Let's now delve into the factors impacting Hanesbrands performance of late.
International Business Aids Organic Sales
After reporting bleak performance for eight straight quarters, Hanesbrands posted organic sales growth for the first time during third-quarter 2017. The upside can be attributed to solid International sales, which represented nearly 31% of the top line. Extensive growth in online sales contributed toward the international segment's performance. Moreover, management expects organic sales to continue gaining from international business in the upcoming periods.
Strategic Acquisitions & e-commerce Bode Well
Hanesbrands undertakes strategic acquisitions to strengthen portfolio and increase infrastructural capabilities. The company has been gaining from the buyouts of Champion Europe and Hanes Australasia. In October, the company announced the buyout of Alternative Apparel which is expected to generate net sales of roughly $70 million in 2017 and boost the Activewear business.
Apart from strategic takeovers, Hanesbrands also relies on online business to drive top-line performance. The company's online sales were impressive during third-quarter 2017, as sales growth from global online channels was in the high 20s range. Going ahead, Hanesbrands is focused on making incremental investments in online business to keep up with consumers' evolving shopping patterns.
Factors Denting Performance
Recently, Hanesbrands performance in the United States has been dismal owing to a tough retail landscape and adverse weather conditions. Further, increased marketing investments in the region may also hamper the company's profits.
Apart from this, the company has also been facing troubles in innerwear segment due to intense competition and soft brick-and-mortar performance. These factors, along with impacts from the bankruptcy of Sears Canada, compelled management to trim sales and earnings outlook for 2017. The curtailed view weighed upon investors' optimism, who have long been troubled by the tough scenario in the apparel space. Shares of the company have declined 16.3% in the past three months, underperforming the industry 's 6.3% rally.
Final Thoughts
We expect this Zacks Rank #3 (Hold) company to counter weak domestic business scenario through advancements in international segment. The positive synergies from strategic acquisitions and steadily expanding online sales platform are also expected to uplift price performance in the upcoming periods.
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%.
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
Ralph Lauren Corporation (RL): Free Stock Analysis Report
Hanesbrands Inc. (HBI): 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 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 Ralph Lauren Corporation (RL): Free Stock Analysis Report Hanesbrands Inc. (HBI): 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 Ralph Lauren Corporation (RL): Free Stock Analysis Report Hanesbrands Inc. (HBI): 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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While Ralph Lauren and Deckers Outdoor sport a Zacks rank #1 (Strong Buy), Michael Kors carries a Zacks Rank #2 (Buy). 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 . Deckers Outdoor Corporation pulled off an average positive earnings surprise of 88.3% in the trailing four quarters.
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c585a6be-722e-4e92-be9f-b55a25d11e2c
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724403.0
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2017-11-30 00:00:00 UTC
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Deckers Outdoor Clears Key Benchmark, Hitting 80-Plus RS Rating
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-clears-key-benchmark-hitting-80-plus-rs-rating-2017-11-30
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nan
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nan
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On Thursday, Deckers Outdoor ( DECK ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 80 to 84.
[ibd-display-video id=2881825 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
While Deckers Outdoor is not near a proper buy zone right now, see if it manages to form and break out from a proper chart pattern .
Earnings growth moved up last quarter from 0% to 25%, but sales fell from 20% to -1%.
The company earns the No. 5 rank among its peers in the Apparel-Shoes & Related industry group. Skechers ( SKX ) is the top-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
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.
|
On Thursday, Deckers Outdoor ( DECK ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 80 to 84. See How IBD Helps You Make More Money In Stocks While Deckers Outdoor is not near a proper buy zone right now, see if it manages to form and break out from a proper chart pattern . [ibd-display-video id=2881825 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score.
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On Thursday, Deckers Outdoor ( DECK ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 80 to 84. See How IBD Helps You Make More Money In Stocks While Deckers Outdoor is not near a proper buy zone right now, see if it manages to form and break out from a proper chart pattern . Stocks With Rising Relative Strength Ratings Why Should You Use IBD's Relative Strength Rating?
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On Thursday, Deckers Outdoor ( DECK ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 80 to 84. See How IBD Helps You Make More Money In Stocks While Deckers Outdoor is not near a proper buy zone right now, see if it manages to form and break out from a proper chart pattern . The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
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On Thursday, Deckers Outdoor ( DECK ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 80 to 84. See How IBD Helps You Make More Money In Stocks While Deckers Outdoor is not near a proper buy zone right now, see if it manages to form and break out from a proper chart pattern . [ibd-display-video id=2881825 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score.
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0a38edda-482e-46d8-a759-fe37e02e9bff
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724404.0
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2017-11-29 00:00:00 UTC
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McCormick (MKC) Hikes Dividend: What Else Should You Know?
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DECK
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https://www.nasdaq.com/articles/mccormick-mkc-hikes-dividend%3A-what-else-should-you-know-2017-11-29
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nan
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nan
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McCormick & Company Inc.MKC announced a 10.6% hike in its quarterly dividend, to 52 cents per share from 47 cents. The increased dividend is payable on Jan 16, 2018 to shareholders held in record as of Dec 29, 2017.
Notably, this represents McCormick's32nd consecutive year of dividend hike. In November 2016, the company announced a 9.3% increase in its quarterly dividend, up from 7.5% announced in 2015.
Dividend hike is a prudent strategy used by companies with a stable cash position and solid prospects. Dividend hike not only enhance shareholder returns but also raise the market value of the stock. Hence, companies bank on this strategy to bolster investors' optimism in the stock.
Apart from regular dividend payments, McCormick's focus on rewarding shareholders is also evident from share repurchase activities. Evidently, the company has a solid share buyback program of $600 million in place. During the third quarter, the company returned $312 million of cash to shareholders through dividends and share repurchases.
What's Driving the Shareholder-Friendly Moves?
McCormick strives to increase profits and boost shareholder returns through acquisitions and cost-saving initiatives. The company's focus on acquisitions is evident from the recent buyout of Reckitt Benckiser's food division. In the past, the company has acquired Italy-based Enrico Giotti SpA and Australia-based Botanical Food Company.
Moreover, McCormick is resorting to saving costs and enhancing productivity through ongoing Comprehensive Continuous Improvement (CCI) program. Such efforts enabled the company to deliver double-digit growth in adjusted operating income during the third quarter. McCormick now expects to deliver cost savings of at least $105 million in fiscal 2017 and savings of around $400 million by Nov 30, 2019.
What's Weighing on McCormick?
However, this Zacks Rank #4 (Sell) stock has lost 2.8% in the past year compared with the industry's decline of 7.5%. The company's performance is eclipsed by sluggishness in the Europe, Middle East and Africa (EMEA) regions. Sales in the EMEA region have been dismal due to difficult economic, political and competitive factors.
Additionally, higher raw material costs have been a concern for McCormick. Also, the company expects material cost inflation in mid-single digits for fiscal 2017. McCormick has also been increasing brand marketing expenses to drive sales, which may raise expense burden and pressurize results. Nevertheless, we expect cost saving and strategic acquisitions to drive profits and propel the stock in the long term.
Done with McCormick? Find Solace in these 3 Safe Bets
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 .
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%.
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%.
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%.
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>
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
McCormick & Company, Incorporated (MKC): 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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Find Solace in these 3 Safe Bets 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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Find Solace in these 3 Safe Bets 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 McCormick & Company, Incorporated (MKC): 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 McCormick & Company, Incorporated (MKC): 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. Find Solace in these 3 Safe Bets 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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While Ralph Lauren and Deckers Outdoor sport a Zacks rank #1 (Strong Buy), Michael Kors carries a Zacks Rank #2 (Buy). Find Solace in these 3 Safe Bets 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 . Deckers Outdoor Corporation pulled off an average positive earnings surprise of 88.3% in the trailing four quarters.
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059ed557-20ba-41c0-88b2-3603eb29fa3c
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724405.0
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2017-11-29 00:00:00 UTC
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Forget Earnings Growth, Play Beat With These 5 Stocks
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DECK
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https://www.nasdaq.com/articles/forget-earnings-growth-play-beat-with-these-5-stocks-2017-11-29
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nan
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nan
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Gone are the days when investors were content with just earnings growth. Now, higher earnings (irrespective of the magnitude) seem inadequate for solid moves in stock prices. It is the "beat" that matters the most.
Why Should You Prioritize Earnings Beat?
A positive earnings surprise or earnings beat is typically the case when actual or reported earnings come in above the consensus estimate. Historically, if a company's earnings manage to beat market expectations, its stock surges post release.
This is because investors always try to take positions ahead of time and look for stocks that are likely to come up with a stellar performance. Now, since Wall Street analysts project earnings of companies after much deliberation, their estimates act as investment leads.
After all, only earnings beat can give investors a clear picture of a company's strength when an industry-wide earnings recession is felt. A 20% earnings rise (though apparently looks good) doesn't tell you everything about the company's performance. This might represent a decelerating earnings growth momentum over the years or quarters, raising questions over the company's fundamentals.
Also, seasonal fluctuations come into play at times. If a company's Q1 is seasonally weak and Q4 is 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.
How to Find the Hidden Gems?
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 record in this regard generally acts as a catalyst for the stock. 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 slightly higher by setting the average EPS 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 surprise.
Zacks Rank less than or equal to 2: Only companies with a Zacks Rank of #1 (Strong Buy) or 2 (Buy) 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 (Hold) 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 narrowed down the universe from over 7,700 stocks to around 14.
Here are five of the 14 stocks that passed the screen:
Arista Networks Inc.ANET : The company provides cloud networking solutions. The stock carries a Zacks Rank #1. Its Zacks Industry Rank is in the top 31%. You can see the complete list of today's Zacks #1 Rank stocks here .
ZumiezZUMZ : This specialty retailer of action sports carries a Zacks Rank #2. Its Zacks Industry Rank is in the top 42%. It has a VGM Score of A.
Fortinet Inc.FTNT : This provider of network security appliances carries a Zacks Rank #2. The stock has a VGM Score of B and its Zacks Industry Rank is in the top 14%.
NVIDIA CorpNVDA : This is a leading provider of graphics processors and media communications' devices. The stock has a Zacks Rank #1 and its Zacks Industry Rank is in the top 2%.
Deckers Outdoor CorpDECK : The company is a designer and marketer of footwear, apparel and accessories. The stock carries a Zacks Rank #1. Its Zacks Industry Rank is in the top 19%.
You can sign 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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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
Fortinet, Inc. (FTNT): Free Stock Analysis Report
Arista Networks, Inc. (ANET): Free Stock Analysis Report
Zumiez Inc. (ZUMZ): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
NVIDIA Corporation (NVDA): 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 CorpDECK : The company is a designer and marketer of footwear, apparel and accessories. Click to get this free report Fortinet, Inc. (FTNT): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report To read this article on Zacks.com click here. Historically, if a company's earnings manage to beat market expectations, its stock surges post release.
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Click to get this free report Fortinet, Inc. (FTNT): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorpDECK : The company is a designer and marketer of footwear, apparel and accessories. 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 Fortinet, Inc. (FTNT): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorpDECK : The company is a designer and marketer of footwear, apparel and accessories. Earnings ESP greater than zero: A stock needs to have both a positive Earnings ESP and a Zacks Rank of #1, 2 or 3 (Hold) for an earnings beat to happen, as per our proven model.
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Deckers Outdoor CorpDECK : The company is a designer and marketer of footwear, apparel and accessories. Click to get this free report Fortinet, Inc. (FTNT): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report To read this article on Zacks.com click here. A positive earnings surprise or earnings beat is typically the case when actual or reported earnings come in above the consensus estimate.
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5747faa1-b97b-451a-93aa-168e56902bef
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724406.0
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2017-11-28 00:00:00 UTC
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Deckers Outdoor (DECK) Up 3.2% Since Earnings Report: Can It Continue?
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-deck-up-3.2-since-earnings-report%3A-can-it-continue-2017-11-28
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nan
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nan
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About a month has gone by since the last earnings report for Deckers Outdoor CorporationDECK . Shares have added about 3.2% in that time frame, outperforming the market.
Will the recent positive trend continue leading up to the stock's next earnings release, or is it due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Deckers Defies Retail Challenges, Tops on Q2 Earnings
It was not UGG but sturdy sales performance across HOKA ONE ONE and Teva brands coupled with lower cost of sales and SG&A expenses that enabled Deckers Outdoor Corporation to post better-than-expected second-quarter fiscal 2018 results. Despite tough retail scenario, this footwear and apparel retailer reported quarterly earnings of $1.54 that beat the Zacks Consensus Estimate of $1.03 and surged 25.2% from the year-ago period.
The top line did feel the pinch of soft sales across UGG and Sanuk brands, and fell 0.7% to $482.5 million during the second quarter, following an increase of 20.3% registered in the preceding quarter. However, net sales came ahead of the Zacks Consensus Estimate of $438 million, marking the third straight quarter of positive surprise. On a constant currency basis, net sales declined 0.3%.
Indeed, the results did surprise investors, who had braced themselves for a dismal show. Deckers in the last quarter had guided a 10% fall in net sales and envisioned earnings in the range of $1.00-$1.05 per share. Instead, this Goleta, CA-based company went on to post far better results than anticipated and also announced that it is no longer pursuing its plan of sale. Following the results, management raised fiscal 2018 view but provided a soft third-quarter outlook.
Gross margin expanded 220 basis points to 46.7%, while SG&A expenses were $157.8 million down from $162.4 million for the same period last year. Adjusted operating income soared 23.5% to $67.8 million, while operating margin increased 280 basis points to 14.1%.
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 omnichannel distribution. The company's omnichannel endeavors include Click & Collect, Infinite UGG and ship-from-store.
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. Management anticipates total sales of about $2 billion with operating margin of 13% by fiscal 2020. Deckers expects fiscal 2018 operating margin to better than 10.5%.
Sales by Geography & Channel
The company's domestic net sales fell 3.1% to $302.7 million in the reported quarter. Meanwhile, international net sales jumped 3.5% to $179.8 million.
Direct-to-Consumer ("DTC") net sales advanced 6.2% to $91.3 million. DTC comparable sales rose 3.7% year over year. Wholesale net sales in the reported quarter fell 2.2% to $391.2 million.
Brand-wise Discussion
UGG brand net sales declined 2.9% to $400.4 million in the reported quarter. Net sales for the Sanuk brand, known for its exclusive sandals and shoes, came in at $15.2 million, down 19.3% year over year.
HOKA ONE ONE brand net sales surged 34.4% to $40.6 million, while Teva brand net sales grew 24.9% to $21.4 million.
Other Financial Aspects
At the end of the quarter, Deckers had cash and cash equivalents of $230.6 million, short-term borrowings of $133.5 million and shareholders' equity of $968.8 million. Inventories fell 3.9% year over year to $555.6 million. The company's board of directors announced a new share repurchase program of $335 million, which along with $65 million remaining under current authorization brings the total to $400 million.
Guidance
Deckersraises fiscal 2018 projection. 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%. Further, SG&A expense as a percentage of sales is anticipated to be nearly 37%.
Earlier, the company had guided net sales to be flat to down 2% and adjusted earnings in the band of $3.95-$4.15 per share.
Management expects DTC comps to be down low single digits to up low single digits. Domestic wholesale revenue is expected to decline in the low-to-mid single digits, while international wholesale revenue is envisioned to improve in high single digit to low double digits.
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 decline in sales is due to the timing of orders from the third quarter into the second.
Management forecasts earnings in the range of approximately $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.
How Have Estimates Been Moving Since Then?
Following the release, investors have witnessed a downward trend in fresh estimates. There has been one revision lower for the current quarter.
VGM Scores
Currently, the stock has a poor Growth Score of F, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was 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 F. 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 this revision also indicates a downward shift. Notably, the stock has a Zacks Rank #1 (Strong Buy). We are expecting an above average return from the stock in the next few months.
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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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 omnichannel distribution. About a month has gone by since the last earnings report for Deckers Outdoor CorporationDECK . Deckers Defies Retail Challenges, Tops on Q2 Earnings It was not UGG but sturdy sales performance across HOKA ONE ONE and Teva brands coupled with lower cost of sales and SG&A expenses that enabled Deckers Outdoor Corporation to post better-than-expected second-quarter fiscal 2018 results.
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Deckers Defies Retail Challenges, Tops on Q2 Earnings It was not UGG but sturdy sales performance across HOKA ONE ONE and Teva brands coupled with lower cost of sales and SG&A expenses that enabled Deckers Outdoor Corporation to post better-than-expected second-quarter fiscal 2018 results. About a month has gone by since the last earnings report for Deckers Outdoor CorporationDECK . Deckers in the last quarter had guided a 10% fall in net sales and envisioned earnings in the range of $1.00-$1.05 per share.
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About a month has gone by since the last earnings report for Deckers Outdoor CorporationDECK . Deckers Defies Retail Challenges, Tops on Q2 Earnings It was not UGG but sturdy sales performance across HOKA ONE ONE and Teva brands coupled with lower cost of sales and SG&A expenses that enabled Deckers Outdoor Corporation to post better-than-expected second-quarter fiscal 2018 results. Deckers in the last quarter had guided a 10% fall in net sales and envisioned earnings in the range of $1.00-$1.05 per share.
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Deckers Defies Retail Challenges, Tops on Q2 Earnings It was not UGG but sturdy sales performance across HOKA ONE ONE and Teva brands coupled with lower cost of sales and SG&A expenses that enabled Deckers Outdoor Corporation to post better-than-expected second-quarter fiscal 2018 results. About a month has gone by since the last earnings report for Deckers Outdoor CorporationDECK . Deckers in the last quarter had guided a 10% fall in net sales and envisioned earnings in the range of $1.00-$1.05 per share.
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ceb3e396-cb5e-4a11-a48d-7e1c22a38bad
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724407.0
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2017-11-27 00:00:00 UTC
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Mohawk Industries Gains on Acquisitions, Competition Rife
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DECK
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https://www.nasdaq.com/articles/mohawk-industries-gains-on-acquisitions-competition-rife-2017-11-27
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nan
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nan
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Mohawk Industries, Inc. 's MHK launch of innovative products and synergies from acquisitions are encouraging. However, a highly competitive flooring industry and negative currency translations continue to dent profits.
Key Growth Drivers
Being one of the largest flooring manufacturers in theglobal market Mohawk holds a dominant position in the highly fragmented and competitive industry. Moreover, in order to enter new markets and enhance capacity, the company is continuously making internal investments. In fact, for 2017, the company plans to invest approximately $900 million to optimize long-term results by entering new product categories and expanding its market.
The company expects its combined capital expenditures in 2016 and 2017 to contribute about 1.4 billion to new capacity. By introducing differentiated products, the company expects productivity to improve in 2017 as compared to 2016.
Moreover, acquisitions form an integral part of Mohawk's growth strategy. These buyouts have enhanced the company's product portfolio and expanded its geographic footprint and market share. Since the beginning of 2017, the company has made four acquisitions. It has entered the European carpet tile and countertop market as well as the Russian sheet vinyl business. In April, Mohawk completed the acquisition of two small ceramic manufacturers in Europe and a carpet nylon polymerization plant in the United States.
Also, with the recovery in the housing market on historically low interest/mortgage rates, rising rentals, rapidly increasing household formation and a limited supply of inventory, Mohawk is expected to grow on higher revenues.
Meanwhile, the company's pricing actions have successfully mitigated the effects of overall inflation and rising material costs in third-quarter 2017. In fact, in the said quarter, the company's process improvements resulted in productivity gains of approximately $49 million. The company's pricing strategies and improved productivity have helped the company drive earnings.
In fact, over the past 60 days, earnings estimates for the current quarter and year have increased 0.9% and 0.2%, respectively, reflecting analysts' optimism over the stock's prospects.
Concerns
Given Mohawk's strong international presence, with higher net sales being generated outside the United States, the company is exposed to negative currency translation effects.
Notably, shares of Mohawk have gained as much as its industry 's on a year-to-date basis. The company's stock has gained 38% compared with the industry's 38.1%.
Nevertheless, by virtue of its industry-leading designs, patented technologies and brands, this Zacks Rank #3 (Hold) is slated for future growth.
Stocks to Consider
A few better-ranked stocks in the Consumer Discretionary sector are Deckers Outdoor Corp. DECK , Skechers U.S.A., Inc. SKX and Interface, Inc. TILE .
Deckers Outdoor and Skechers U.S.A flaunt a Zacks Rank #1 (Strong Buy). Interface carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Current-year earnings for Deckers are projected to grow 11.9%.
Skechers' current-year earnings are expected to increase 8.6%.
Interface's current-year earnings are likely to grow 11.9%.
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Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Mohawk Industries, Inc. (MHK): Free Stock Analysis Report
Interface, Inc. (TILE): 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 to Consider A few better-ranked stocks in the Consumer Discretionary sector are Deckers Outdoor Corp. DECK , Skechers U.S.A., Inc. SKX and Interface, Inc. TILE . Deckers Outdoor and Skechers U.S.A flaunt a Zacks Rank #1 (Strong Buy). Current-year earnings for Deckers are projected to grow 11.9%.
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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 Mohawk Industries, Inc. (MHK): Free Stock Analysis Report Interface, Inc. (TILE): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks in the Consumer Discretionary sector are Deckers Outdoor Corp. DECK , Skechers U.S.A., Inc. SKX and Interface, Inc. TILE . Deckers Outdoor and Skechers U.S.A flaunt a Zacks Rank #1 (Strong Buy).
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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 Mohawk Industries, Inc. (MHK): Free Stock Analysis Report Interface, Inc. (TILE): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A few better-ranked stocks in the Consumer Discretionary sector are Deckers Outdoor Corp. DECK , Skechers U.S.A., Inc. SKX and Interface, Inc. TILE . Deckers Outdoor and Skechers U.S.A flaunt a Zacks Rank #1 (Strong Buy).
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Stocks to Consider A few better-ranked stocks in the Consumer Discretionary sector are Deckers Outdoor Corp. DECK , Skechers U.S.A., Inc. SKX and Interface, Inc. TILE . Deckers Outdoor and Skechers U.S.A flaunt a Zacks Rank #1 (Strong Buy). Current-year earnings for Deckers are projected to grow 11.9%.
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578fbc0e-771f-478a-886a-4e45ffd99cec
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724408.0
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2017-11-22 00:00:00 UTC
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Guess? (GES) Stock Declines 12% Despite Q3 Earnings Beat
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DECK
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https://www.nasdaq.com/articles/guess-ges-stock-declines-12-despite-q3-earnings-beat-2017-11-22
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nan
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nan
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Guess?, Inc.GES posted mixed third-quarter fiscal 2018 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. Management raised earnings outlook for fiscal 2018 and lowered the high end of its previously issued sales guidance.
On a GAAP basis, the company reported a loss and also witnessed a sharp decline in adjusted operating profit in the third quarter.
These factors dented investors' confidence as the company's shares lost 12.3% in the after-market trading session on Nov 21. Nevertheless, an impressive earnings surprise history has helped this Zacks Rank #3 (Hold) stock gain 43.8% in the past three months, surpassing the industry 's rally of 6.1%.
Quarter in Detail
Guess? delivered earnings of 12 cents per share in the third quarter which surpassed the Zacks Consensus Estimate by a penny. Notably, this marked the company's third consecutive earnings beat. Adjusted earnings also improved 9% from the prior-year quarter and surpassed management's guidance of 8-11 cents.
However, on a GAAP basis, the company reported a loss of 4 cents per share as against earnings of 11 cents in the year-ago quarter.
Net revenues amounted to $554.1 million, up 3.3% year over year. On a constant-currency basis, revenues grew 0.6%. This signifies the fifth straight quarter of revenue improvement. The upside came on the back of solid sales in the Europe and Asia segments driven by store openings, positive comps and wholesale growth. These were partly offset by soft revenues in the Americas Retail and Americas Wholesale segments.
However, the top line missed the Zacks Consensus Estimate of $566 million.
Gross profit increased 6% to $191.1 million on the back of higher revenues. The company's gross margin also expanded 90 basis points (bps) to 34.5%, owing to improved supply chain initiatives. This was partially offset by higher distribution costs stemming from the development of a new distribution center in Europe.
The company reported adjusted operating profit of $12.6 million, which plunged 21.1% from the prior-year quarter. Operating profits were negatively impacted by higher selling, general and administrative (SG&A) expenses led by resetting of performance-based compensation. Also, adjusted operating margin contracted 70 bps to 2.3%.
Guess?, Inc. Price, Consensus and EPS Surprise
Guess?, Inc. Price, Consensus and EPS Surprise | Guess?, Inc. Quote
Segment Results
Revenues of $187 million at the Americas Retail segment fell 13.4% (down 14.3% on a constant-currency basis) year over year primarily due to lower traffic. Further, Retail comp sales, including e-commerce, declined 10% (down 11% on a constant-currency basis). However, operating margin in the segment improved 240 bps, driven by the positive impacts of lower markdowns, rent reductions and store closures. These were partially countered by negative comps.
The Europe segment's revenues of $221.2 million rose 18.8% (up 11.9% on a constant-currency basis). Store openings and comps growth boosted the region's performance. Retail comp sales, including e-commerce, improved 10% (up 4% on a constant-currency basis). Operating margin for the segment declined 320 bps to 3% due to higher distribution costs from the repositioning of the European distribution center. This was partially compensated by higher initial markups.
Revenues of $74.3 million from Asia increased 16.8% (up 18.5% on a constant-currency basis) on the back of improving comps. Retail comp sales, including e-commerce, grew 3% (up 5% on a constant-currency basis). Operating margin at the segment surged 680 bps to 3.7% on overall expense leverage.
Net revenues of $45.6 million at the American Wholesale segment declined 2.5% (down 4.5% on a constant-currency basis). Operating margin at the segment rose 70 bps to 18.1%, courtesy of lower SG&A expenses and higher gross margins.
Net revenues of $25.9 million at the Licensing segment increased 9.1% in both U.S. dollars and constant currency. Operating margin at the segment increased 620 bps to 90.8%.
Other Financial Update
Guess? exited the third quarter with cash and cash equivalents of $233.1 million and long-term debt and capital lease obligations of $38.8 million. Further, the stockholders' equity as of Oct 28 was $926.3 million.
During the third quarter, the company's board approved a quarterly cash dividend of 22.5 cents per share payable on Jan 3, 2018, to shareholders of record as of Dec 13, 2017. The company also repurchased 435,000 shares worth $7 million during the quarter.
Further, capital expenditure is expected in the band of $85-$95 million for fiscal 2018, owing to consistent investment in retail improvement in European and Asian regions as well as in technology infrastructure to aid long-term growth.
Guidance for Fiscal 2018
For fiscal 2018, management expects consolidated net revenue growth in the range of 6-6.5% versus the previous range of 6-7.5%. On a constant-currency basis, consolidated net revenues are expected to grow 4-4.5%. The 53rd week in the year is likely to have a positive impact of 1% on sales growth.
The company's adjusted operating margin is projected in the band of 3.2-3.5%. Adjusted earnings per share for fiscal 2018 are estimated in the range of 56-63 cents, up from the previous range of 52-60 cents. Currency is likely to have a impact of 2 cents. The Zacks Consensus Estimate for fiscal 2018 earnings of 57 cents is currently pegged within management's guidance.
The company is on track with cost-reduction and margin-expansion initiatives in the Americas. It continues to adhere to celebrity endorsements in the United States to enhance brand presence.
Guidance for Fourth Quarter 2018
For the fourth quarter of fiscal 2018, management expects consolidated net revenues to improve in the range of 10-12%. On a constant-currency basis, consolidated net revenues are anticipated to grow 5-7%. The 53rd week is likely to have a positive impact of 3% on sales growth.
Moreover, the company's adjusted operating margin is projected in the band of 8-9%. Adjusted earnings per share for the third quarter are projected in the range of 48-55 cents. Currency is likely to have an impact of 5 cents on earnings during the quarter. The Zacks Consensus Estimate for the fourth quarter is currently pegged at 49 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 Ralph Lauren Corporation RL . While Michael Kors and Deckers Outdoor sport a Zacks Rank #1 (Strong Buy), Ralph Lauren carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
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%.
Deckers Outdoor Corporation pulled off an average positive earnings surprise of 88.3% for the trailing four quarters. It has a long-term earnings growth rate of 10.7%.
Ralph Lauren came up with an average positive earnings surprise of 11.6% for the trailing four quarters. It has a long-term earnings growth rate of 15%.
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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
Ralph Lauren Corporation (RL): Free Stock Analysis Report
Guess?, Inc. (GES): 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 3 Trending Picks Investors interested in the same sector may consider stocks such as Michael Kors Holdings Limited KORS , Deckers Outdoor Corporation DECK and Ralph Lauren Corporation RL . While Michael Kors and Deckers Outdoor sport a Zacks Rank #1 (Strong Buy), Ralph Lauren carries a Zacks Rank #2 (Buy). Deckers Outdoor Corporation pulled off an average positive earnings surprise of 88.3% 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 Ralph Lauren Corporation RL . Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. While Michael Kors and Deckers Outdoor sport a Zacks Rank #1 (Strong Buy), Ralph Lauren carries a Zacks Rank #2 (Buy).
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): 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 Ralph Lauren Corporation RL . While Michael Kors and Deckers Outdoor sport a Zacks Rank #1 (Strong Buy), Ralph Lauren carries 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 Ralph Lauren Corporation RL . While Michael Kors and Deckers Outdoor sport a Zacks Rank #1 (Strong Buy), Ralph Lauren carries a Zacks Rank #2 (Buy). Deckers Outdoor Corporation pulled off an average positive earnings surprise of 88.3% for the trailing four quarters.
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2d2664f8-f4d6-43fc-b481-2fda923672ca
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724409.0
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2017-11-13 00:00:00 UTC
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Deckers Outdoor Sees IBD RS Rating Rise To 74
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-sees-ibd-rs-rating-rise-74-2017-11-13
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On Monday, Deckers Outdoor ( DECK ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 69 to 74.
[ibd-display-video id=2531707 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating of over 80 as they begin their biggest price moves. See if Deckers Outdoor can continue to rebound and hit that benchmark.
Looking For Winning Stocks? Try This Simple Routine
Deckers Outdoor broke out earlier, but is now trading around 5% below the prior 72.23 entry from a cup with handle . If a stock you're watching breaks past a buy point then falls 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also understand that the most recent pattern is a later-stage base, and those involve more risk.
While revenue growth fell last quarter from 20% to -1%, EPS grew 25%, up from 0% in the prior report.
Deckers Outdoor earns the No. 4 rank among its peers in the Apparel-Shoes & Related industry group. Skechers ( SKX ) is the top-ranked stock within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
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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Try This Simple Routine Deckers Outdoor broke out earlier, but is now trading around 5% below the prior 72.23 entry from a cup with handle . On Monday, Deckers Outdoor ( DECK ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 69 to 74. See if Deckers Outdoor can continue to rebound and hit that benchmark.
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On Monday, Deckers Outdoor ( DECK ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 69 to 74. See if Deckers Outdoor can continue to rebound and hit that benchmark. Try This Simple Routine Deckers Outdoor broke out earlier, but is now trading around 5% below the prior 72.23 entry from a cup with handle .
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On Monday, Deckers Outdoor ( DECK ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 69 to 74. See if Deckers Outdoor can continue to rebound and hit that benchmark. Try This Simple Routine Deckers Outdoor broke out earlier, but is now trading around 5% below the prior 72.23 entry from a cup with handle .
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On Monday, Deckers Outdoor ( DECK ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 69 to 74. See if Deckers Outdoor can continue to rebound and hit that benchmark. Try This Simple Routine Deckers Outdoor broke out earlier, but is now trading around 5% below the prior 72.23 entry from a cup with handle .
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d32439e3-d338-424a-a45e-ec00a2723b83
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724410.0
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2017-10-31 00:00:00 UTC
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New Strong Buy Stocks for October 31st
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DECK
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https://www.nasdaq.com/articles/new-strong-buy-stocks-october-31st-2017-10-31
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Deckers Outdoor Corp (DECK): This company engaged in the designing and distribution of footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days.
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote
DSW Inc. (DSW): This footwear retailer has seen the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days.
DSW Inc. Price and Consensus
DSW Inc. Price and Consensus | DSW Inc. Quote
Koppers Holdings Inc . (KOP): This global integrated provider of treated wood products has seen the Zacks Consensus Estimate for its current year earnings increasing 3.4% over the last 60 days.
Koppers Holdings Inc. Price and Consensus
Koppers Holdings Inc. Price and Consensus | Koppers Holdings Inc. Quote
Statoil ASA (STO): This energy company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days.
Statoil ASA Price and Consensus
Statoil ASA Price and Consensus | Statoil ASA Quote
Boston Beer Company Inc (SAM): This craft brewer has seen the Zacks Consensus Estimate for its current year earnings increasing 3.9% over the last 60 days.
Boston Beer Company, Inc. (The) Price and Consensus
Boston Beer Company, Inc. (The) Price and Consensus | Boston Beer Company, Inc. (The) Quote
You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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
Statoil ASA (STO): Free Stock Analysis Report
Boston Beer Company, Inc. (The) (SAM): Free Stock Analysis Report
Koppers Holdings Inc. (KOP): 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 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Deckers Outdoor Corp (DECK): This company engaged in the designing and distribution of footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote DSW Inc. (DSW): This footwear retailer has seen the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days. Click to get this free report Statoil ASA (STO): Free Stock Analysis Report Boston Beer Company, Inc. (The) (SAM): Free Stock Analysis Report Koppers Holdings Inc. (KOP): 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.
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Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote DSW Inc. (DSW): This footwear retailer has seen the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days. Click to get this free report Statoil ASA (STO): Free Stock Analysis Report Boston Beer Company, Inc. (The) (SAM): Free Stock Analysis Report Koppers Holdings Inc. (KOP): 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. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Deckers Outdoor Corp (DECK): This company engaged in the designing and distribution of footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days.
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Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote DSW Inc. (DSW): This footwear retailer has seen the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days. Click to get this free report Statoil ASA (STO): Free Stock Analysis Report Boston Beer Company, Inc. (The) (SAM): Free Stock Analysis Report Koppers Holdings Inc. (KOP): 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. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Deckers Outdoor Corp (DECK): This company engaged in the designing and distribution of footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Deckers Outdoor Corp (DECK): This company engaged in the designing and distribution of footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote DSW Inc. (DSW): This footwear retailer has seen the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days. Click to get this free report Statoil ASA (STO): Free Stock Analysis Report Boston Beer Company, Inc. (The) (SAM): Free Stock Analysis Report Koppers Holdings Inc. (KOP): 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.
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2ac3d67b-5972-4d8d-badb-7d3f21741f5e
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724411.0
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2017-10-27 00:00:00 UTC
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Zacks.com featured highlights: Deckers Outdoor, PetMed Express, WABCO Holdings, United Rentals and CIT Group
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DECK
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https://www.nasdaq.com/articles/zacks.com-featured-highlights%3A-deckers-outdoor-petmed-express-wabco-holdings-united
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nan
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For Immediate Release
Chicago, IL - October 27, 2017 - Stocks in this week's article include Deckers Outdoor Corporation DECK, PetMed Express, Inc. PETS, WABCO Holdings Inc. WBC ,United Rentals, Inc. URI and CIT Group Inc. CIT .
Screen of the Week by Zacks Investment Research:
Bet on Driehaus Strategy with These 5 Momentum Stocks
Driehaus strategy is one of the favored approaches for investors with high-risk appetite. Using this strategy, investors pick momentum stocks in the hope of attractive returns. Richard Driehaus, the pioneer of momentum investing, prepared this strategy using the "buy high and sell higher" principle. The success of the investing strategy helped Driehaus earn a place in Barron's All-Century Team.
The American Association of Individual Investors (AAII) proved that the strategy has the potential to offer high returns. AAII's portfolio, which was developed following the strategy, returned 13.5% and 18.1% in the five and 10-year time frames, respectively, compared with -1.1% and 4.2% returns registered by the S&P 500. Thus, investors with a high risk appetite might give the Driehaus strategy a thought to boost returns.
A Brief Note on Driehaus' Strategy
Regarding the strategy, Driehaus once said: "I would much rather invest in a stock that's increasing in price and take the risk that it may begin to decline than invest in a stock that's already in a decline and try to guess when it will turn around." In line with his insight, AAII took into account the percentage 50-day moving average as one of the key criteria before designing a portfolio.
It is calculated by dividing the numerator (month-end price minus 50-day moving average of month-end price) by the 50-day moving average of the month-end price. Another momentum indicator - positive relative strength - has also been included. A positive percentage 50-day moving average indicates that the stock is trading at a price higher than its 50-day moving average level, indicating an uptrend.
Moreover, AAII found that Driehaus primarily focused on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a strong history of beating estimates are also given importance in this strategy, which was made to provide better returns over the long term.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/280336/bet-on-driehaus-strategy-with-these-5-momentum-stocks
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss . This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PetMed Express, Inc. (PETS): Free Stock Analysis Report
Wabco Holdings Inc. (WBC): Free Stock Analysis Report
United Rentals, Inc. (URI): Free Stock Analysis Report
CIT Group Inc (DEL) (CIT): 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 - October 27, 2017 - Stocks in this week's article include Deckers Outdoor Corporation DECK, PetMed Express, Inc. PETS, WABCO Holdings Inc. WBC ,United Rentals, Inc. URI and CIT Group Inc. CIT . Click to get this free report PetMed Express, Inc. (PETS): Free Stock Analysis Report Wabco Holdings Inc. (WBC): Free Stock Analysis Report United Rentals, Inc. (URI): Free Stock Analysis Report CIT Group Inc (DEL) (CIT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Richard Driehaus, the pioneer of momentum investing, prepared this strategy using the "buy high and sell higher" principle.
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For Immediate Release Chicago, IL - October 27, 2017 - Stocks in this week's article include Deckers Outdoor Corporation DECK, PetMed Express, Inc. PETS, WABCO Holdings Inc. WBC ,United Rentals, Inc. URI and CIT Group Inc. CIT . Click to get this free report PetMed Express, Inc. (PETS): Free Stock Analysis Report Wabco Holdings Inc. (WBC): Free Stock Analysis Report United Rentals, Inc. (URI): Free Stock Analysis Report CIT Group Inc (DEL) (CIT): 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 by Zacks Investment Research: Bet on Driehaus Strategy with These 5 Momentum Stocks Driehaus strategy is one of the favored approaches for investors with high-risk appetite.
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Click to get this free report PetMed Express, Inc. (PETS): Free Stock Analysis Report Wabco Holdings Inc. (WBC): Free Stock Analysis Report United Rentals, Inc. (URI): Free Stock Analysis Report CIT Group Inc (DEL) (CIT): 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 - October 27, 2017 - Stocks in this week's article include Deckers Outdoor Corporation DECK, PetMed Express, Inc. PETS, WABCO Holdings Inc. WBC ,United Rentals, Inc. URI and CIT Group Inc. CIT . Screen of the Week by Zacks Investment Research: Bet on Driehaus Strategy with These 5 Momentum Stocks Driehaus strategy is one of the favored approaches for investors with high-risk appetite.
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For Immediate Release Chicago, IL - October 27, 2017 - Stocks in this week's article include Deckers Outdoor Corporation DECK, PetMed Express, Inc. PETS, WABCO Holdings Inc. WBC ,United Rentals, Inc. URI and CIT Group Inc. CIT . Click to get this free report PetMed Express, Inc. (PETS): Free Stock Analysis Report Wabco Holdings Inc. (WBC): Free Stock Analysis Report United Rentals, Inc. (URI): Free Stock Analysis Report CIT Group Inc (DEL) (CIT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Using this strategy, investors pick momentum stocks in the hope of attractive returns.
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5b615342-8198-4863-b926-e1c663ca40f8
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724412.0
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2017-10-27 00:00:00 UTC
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Deckers (DECK) Defies Retail Challenges, Tops on Q2 Earnings
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DECK
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https://www.nasdaq.com/articles/deckers-deck-defies-retail-challenges-tops-on-q2-earnings-2017-10-27
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nan
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nan
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It was not UGG but sturdy sales performance across HOKA ONE ONE and Teva brands coupled with lower cost of sales and SG&A expenses that enabled Deckers Outdoor CorporationDECK to post better-than-expected second-quarter fiscal 2018 results. Despite tough retail scenario, this footwear and apparel retailer reported quarterly earnings of $1.54 that beat the Zacks Consensus Estimate of $1.03 and surged 25.2% from the year-ago period.
The top line did feel the pinch of soft sales across UGG and Sanuk brands, and fell 0.7% to $482.5 million during the second quarter, following an increase of 20.3% registered in the preceding quarter. However, net sales came ahead of the Zacks Consensus Estimate of $438 million, marking the third straight quarter of positive surprise. On a constant currency basis, net sales declined 0.3%.
Indeed, the results did surprise investors, who had braced themselves for a dismal show. Deckers in the last quarter had guided a 10% fall in net sales and envisioned earnings in the range of $1.00-$1.05 per share. Instead, this Goleta, CA-based company went on to post far better results than anticipated and also announced that it is no longer pursuing its plan of sale.
Following the results, management raised fiscal 2018 view but provided a soft third-quarter outlook. Market experts believe that this might be one of the reasons behind stock's muted performance during after-market trading hours yesterday. Despite stronger-than-expected results, shares fell 1.3% during extended hours trading session. Nevertheless, we noted that shares of this Zacks Rank #2 (Buy) company have increased about 26.6% so far in the year compared with the industry 's gain of 12.1%.
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 omnichannel distribution. The company's omnichannel endeavors include Click & Collect, Infinite UGG and ship-from-store.
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. Management anticipates total sales of about $2 billion with operating margin of 13% by fiscal 2020.
Sales by Geography & Channel
The company's domestic net sales fell 3.1% to $302.7 million in the reported quarter. Meanwhile, international net sales jumped 3.5% to $179.8 million.
Direct-to-Consumer ("DTC") net sales advanced 6.2% to $91.3 million. DTC comparable sales rose 3.7% year over year. Wholesale net sales in the reported quarter fell 2.2% to $391.2 million.
Brand-wise Discussion
UGG brand net sales declined 2.9% to $400.4 million in the reported quarter. Net sales for the Sanuk brand, known for its exclusive sandals and shoes, came in at $15.2 million, down 19.3% year over year.
HOKA ONE ONE brand net sales surged 34.4% to $40.6 million, while Teva brand net sales grew 24.9% to $21.4 million.
Other Financial Aspects
At the end of the quarter, Deckers had cash and cash equivalents of $230.6 million, short-term borrowings of $133.5 million and shareholders' equity of $968.8 million. Inventories fell 3.9% year over year to $555.6 million. The company's board of directors announced a new share repurchase program of $335 million, which along with $65 million remaining under current authorization brings the total to $400 million.
Guidance
Deckers raises fiscal 2018 projection. 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. The current Zacks Consensus Estimate for the fiscal is $4.12. Gross margin for the fiscal year is anticipated to be 47.5%. Further, SG&A expense as a percentage of sales is anticipated to be nearly 37%.
Earlier, the company had guided net sales to be flat to down 2% and adjusted earnings in the band of $3.95-$4.15 per share.
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. Analysts polled by Zacks expect revenues of $752.3 million for the quarter.
Management forecasts earnings in the range of approximately $3.65-$3.75 compared with $4.11 per share delivered in the prior-year quarter. The current Zacks Consensus Estimate for the quarter is $4.11, which could witness a downward revision in the coming days.
3 Hot Stocks Awaiting Your Look
G-III Apparel Group, Ltd. GIII delivered an average positive earnings surprise of 3.5% in the trailing four quarters and has a long-term earnings growth rate of 15%. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
PVH Corp. PVH delivered an average positive earnings surprise of 3.6% in the trailing four quarters and has a long-term earnings growth rate of 13.1%. The company carries a Zacks Rank #2.
Best Buy Co., Inc. BBY delivered an average positive earnings surprise of 27.2% in the trailing four quarters and has a long-term earnings growth rate of 12.4%.The company carries a Zacks Rank #2.
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
PVH Corp. (PVH): 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 is focused on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce along with optimizing omnichannel distribution. It was not UGG but sturdy sales performance across HOKA ONE ONE and Teva brands coupled with lower cost of sales and SG&A expenses that enabled Deckers Outdoor CorporationDECK to post better-than-expected second-quarter fiscal 2018 results. Deckers in the last quarter had guided a 10% fall in net sales and envisioned earnings in the range of $1.00-$1.05 per share.
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Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report To read this article on Zacks.com click here. It was not UGG but sturdy sales performance across HOKA ONE ONE and Teva brands coupled with lower cost of sales and SG&A expenses that enabled Deckers Outdoor CorporationDECK to post better-than-expected second-quarter fiscal 2018 results. Deckers in the last quarter had guided a 10% fall in net sales and envisioned earnings in the range of $1.00-$1.05 per share.
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Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report To read this article on Zacks.com click here. It was not UGG but sturdy sales performance across HOKA ONE ONE and Teva brands coupled with lower cost of sales and SG&A expenses that enabled Deckers Outdoor CorporationDECK to post better-than-expected second-quarter fiscal 2018 results. Deckers in the last quarter had guided a 10% fall in net sales and envisioned earnings in the range of $1.00-$1.05 per share.
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It was not UGG but sturdy sales performance across HOKA ONE ONE and Teva brands coupled with lower cost of sales and SG&A expenses that enabled Deckers Outdoor CorporationDECK to post better-than-expected second-quarter fiscal 2018 results. Deckers in the last quarter had guided a 10% fall in net sales and envisioned earnings in the range of $1.00-$1.05 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 omnichannel distribution.
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600e9acb-60bd-4519-ba1e-f356918a4322
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724413.0
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2017-10-26 00:00:00 UTC
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New Strong Buy Stocks for October 26th
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DECK
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https://www.nasdaq.com/articles/new-strong-buy-stocks-october-26th-2017-10-26
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Deckers Outdoor Corp (DECK): This designer and distributor of footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days.
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote
DXC Technology Company (DXC): This provider of information technology services and solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days.
DXC Technology Company. Price and Consensus
DXC Technology Company. Price and Consensus | DXC Technology Company. Quote
Ecopetrol S.A. (EC): This integrated oil company has seen the Zacks Consensus Estimate for its current year earnings increasing 22.6% over the last 60 days.
Ecopetrol S.A. Price and Consensus
Ecopetrol S.A. Price and Consensus | Ecopetrol S.A. Quote
Huntsman Corporation (HUN): This manufacturer of differentiated organic chemical products and of inorganic chemical products has seen the Zacks Consensus Estimate for its current year earnings increasing 2.3% over the last 60 days.
Huntsman Corporation Price and Consensus
Huntsman Corporation Price and Consensus | Huntsman Corporation Quote
MDC Partners Inc (MDCA): This provider of global marketing, advertising, activation, communications and strategic consulting solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 18.5% over the last 60 days.
MDC Partners Inc. Price and Consensus
MDC Partners Inc. Price and Consensus | MDC Partners Inc. Quote
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here
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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
MDC Partners Inc. (MDCA): Free Stock Analysis Report
Huntsman Corporation (HUN): Free Stock Analysis Report
Ecopetrol S.A. (EC): Free Stock Analysis Report
DXC Technology Company. (DXC): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Deckers Outdoor Corp (DECK): This designer and distributor of footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote DXC Technology Company (DXC): This provider of information technology services and solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. (DXC): 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 and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote DXC Technology Company (DXC): This provider of information technology services and solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. (DXC): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Deckers Outdoor Corp (DECK): This designer and distributor of footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days.
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Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote DXC Technology Company (DXC): This provider of information technology services and solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Deckers Outdoor Corp (DECK): This designer and distributor of footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days. (DXC): 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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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Deckers Outdoor Corp (DECK): This designer and distributor of footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote DXC Technology Company (DXC): This provider of information technology services and solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. (DXC): 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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1a34bb9c-807e-4dd3-9282-468f1a367014
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724414.0
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2017-10-26 00:00:00 UTC
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Bet on Driehaus Strategy With These 5 Momentum Stocks
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DECK
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https://www.nasdaq.com/articles/bet-on-driehaus-strategy-with-these-5-momentum-stocks-2017-10-26
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nan
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nan
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Driehaus strategy is one of the favored approaches for investors with high-risk appetite. Using this strategy, investors pick momentum stocks in the hope of attractive returns. Richard Driehaus, the pioneer of momentum investing, prepared this strategy using the "buy high and sell higher" principle. The success of the investing strategy helped Driehaus earn a place in Barron's All-Century Team.
The American Association of Individual Investors (AAII) proved that the strategy has the potential to offer high returns. AAII's portfolio, which was developed following the strategy, returned 13.5% and 18.1% in the five and 10-year time frames, respectively, compared with -1.1% and 4.2% returns registered by the S&P 500. Thus, investors with a high risk appetite might give the Driehaus strategy a thought to boost returns.
A Brief Note on Driehaus' Strategy
Regarding the strategy, Driehaus once said: "I would much rather invest in a stock that's increasing in price and take the risk that it may begin to decline than invest in a stock that's already in a decline and try to guess when it will turn around." In line with his insight, AAII took into account the percentage 50-day moving average as one of the key criteria before designing a portfolio.
It is calculated by dividing the numerator (month-end price minus 50-day moving average of month-end price) by the 50-day moving average of the month-end price. Another momentum indicator - positive relative strength - has also been included. A positive percentage 50-day moving average indicates that the stock is trading at a price higher than its 50-day moving average level, indicating an uptrend.
Moreover, AAII found that Driehaus primarily focused on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a strong history of beating estimates are also given importance in this strategy, which was made to provide better returns over the long term.
Screening Parameters
Our research shows that stocks with a Zacks Rank #1 or 2 (Buy) and a Momentum Score of A or B offer the best upside potential.
• Zacks Rank equal to #1
(Only Strong Buy-rated stocks can get through. You can see the complete list of today's Zacks #1 Rank stocks here .)
• Last 5-year average EPS growth rates above 2%
(Strong EPS growth history ensures improving business.)
• Trailing 12 month EPS growth higher than 0 and industry median
(Higher EPS growth compared to the industry average indicates superior stocks.)
• Last four-quarter average EPS surprise greater than 5%
(Positive EPS surprise indicates potential.)
• Positive % 50-day moving average and relative strength over 4 weeks
(High % 50-day moving average and relative strength signal uptrend.)
• Momentum Score equal to or less than B
(Ideal for taking advantage of momentum with the highest probability of success.)
These few parameters narrowed down the universe of over 7,853 stocks to only 13.
Here are five of the 13 stocks that passed the screen:
Deckers Outdoor CorporationDECK is a designer, marketer and distributor of footwear, apparel and accessories for casual lifestyle use. It has a Momentum Score of A and an average four-quarter positive earnings surprise of 76.7%.
PetMed Express, Inc.PETS is an operator of pet pharmacy in the United States. It has a Momentum Score of A and an average four-quarter positive earnings surprise of 23.5%.
WABCO Holdings Inc.WBC is a provider of electronic, mechanical, electro-mechanical and aerodynamic products. It has a Momentum Score of A and an average four-quarter positive earnings surprise of 6.4%.
United Rentals, Inc.URI is an equipment rental company. It has a Momentum Score of A and an average four-quarter positive earnings surprise of 7.7%.
CIT Group Inc.CIT is a bank holding company. It has a Momentum Score of B and an average four-quarter positive earnings surprise of 15.2%.
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
PetMed Express, Inc. (PETS): Free Stock Analysis Report
Wabco Holdings Inc. (WBC): Free Stock Analysis Report
United Rentals, Inc. (URI): Free Stock Analysis Report
CIT Group Inc (DEL) (CIT): 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 five of the 13 stocks that passed the screen: Deckers Outdoor CorporationDECK is a designer, marketer and distributor of footwear, apparel and accessories for casual lifestyle use. Click to get this free report PetMed Express, Inc. (PETS): Free Stock Analysis Report Wabco Holdings Inc. (WBC): Free Stock Analysis Report United Rentals, Inc. (URI): Free Stock Analysis Report CIT Group Inc (DEL) (CIT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Richard Driehaus, the pioneer of momentum investing, prepared this strategy using the "buy high and sell higher" principle.
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Click to get this free report PetMed Express, Inc. (PETS): Free Stock Analysis Report Wabco Holdings Inc. (WBC): Free Stock Analysis Report United Rentals, Inc. (URI): Free Stock Analysis Report CIT Group Inc (DEL) (CIT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Here are five of the 13 stocks that passed the screen: Deckers Outdoor CorporationDECK is a designer, marketer and distributor of footwear, apparel and accessories for casual lifestyle use. • Trailing 12 month EPS growth higher than 0 and industry median (Higher EPS growth compared to the industry average indicates superior stocks.)
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Click to get this free report PetMed Express, Inc. (PETS): Free Stock Analysis Report Wabco Holdings Inc. (WBC): Free Stock Analysis Report United Rentals, Inc. (URI): Free Stock Analysis Report CIT Group Inc (DEL) (CIT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Here are five of the 13 stocks that passed the screen: Deckers Outdoor CorporationDECK is a designer, marketer and distributor of footwear, apparel and accessories for casual lifestyle use. A Brief Note on Driehaus' Strategy Regarding the strategy, Driehaus once said: "I would much rather invest in a stock that's increasing in price and take the risk that it may begin to decline than invest in a stock that's already in a decline and try to guess when it will turn around."
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Click to get this free report PetMed Express, Inc. (PETS): Free Stock Analysis Report Wabco Holdings Inc. (WBC): Free Stock Analysis Report United Rentals, Inc. (URI): Free Stock Analysis Report CIT Group Inc (DEL) (CIT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Here are five of the 13 stocks that passed the screen: Deckers Outdoor CorporationDECK is a designer, marketer and distributor of footwear, apparel and accessories for casual lifestyle use. Screening Parameters Our research shows that stocks with a Zacks Rank #1 or 2 (Buy) and a Momentum Score of A or B offer the best upside potential.
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d2e8dbfd-7dcd-466a-9af4-ba65708df53a
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724415.0
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2017-10-26 00:00:00 UTC
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Deckers Posts Stronger Performance but Ends Sale Plans
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DECK
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https://www.nasdaq.com/articles/deckers-posts-stronger-performance-ends-sale-plans-2017-10-26
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A poor environment for retailers has hurt Deckers Outdoor (NYSE: DECK) recently. The situation had gotten so bad that activist investors wanted Deckers to put itself up for sale , and the shoemaker did indeed do a strategic review process to consider various moves it could make. After particularly gloomy guidance last quarter, many were nervous about the company's long-term prospects.
Coming into Thursday's fiscal second-quarter financial report, investors had braced themselves for large potential drops in sales and earnings. Instead, Deckers was able to keep revenue declines to a minimum and actually boosted its earnings. Let's look more closely to see how Deckers did and what's ahead for the company.
Deckers bounces back
Deckers Outdoor's fiscal second-quarter results showed both the difficulties it faces and the ways that it's working to overcome those difficulties. Revenue was down 0.7% to $482.5 million, which was a lot better than the nearly 10% dip that many had feared Deckers would suffer. Yet operating income was up by more than a fifth to $67.4 million, and that produced adjusted earnings of $1.54 per share, easily topping the $1.02-per-share consensus forecast among investors in the stock.
Among Deckers' key brands, Hoka One One continued to provide the bulk of the company's positive sales performance. Revenue for the brand jumped by more than a third compared to last year's fiscal second quarter. Gains in the Teva sandal line also helped lift overall sales, with a 25% rise adding about $4.3 million in incremental sales. However, poor performance from the key Uggs brand was too large to overcome, with a nearly 3% drop pulling down Deckers' top line. The Sanuk brand also performed poorly.
Deckers continued to see success in its direct-to-consumer channel. Revenue there was up 6% on a nearly 4% rise in comparable sales, and that stood in stark contrast to the 2% drop in wholesale-related revenue. Geographically, Deckers benefited from better conditions overseas, with international revenue rising 3.5% even as domestic sales fell by slightly more than 3%.
CEO Dave Powers was happy about the way Deckers did. "This quarter is yet another testament to the power of our transformation," Powers said, "as we generated a [2.2 percentage point] increase in gross margin and earnings per share that were ahead of expectations." The CEO also pointed to the company's long-term cost-cutting and revenue-enhancing efforts to boost its financial results.
What's next for Deckers?
Deckers is also optimistic about the future. In Powers' words, "As we head into the holiday selling season with a stronger product lineup and cleaner channel inventories compared to a year ago, we are confident that Deckers is well positioned to achieve our near- and medium-term financial targets."
That optimism showed up in boosted guidance for the remainder of the year. Deckers now believes that sales will be up 1% to 2% for the year, rather than flat to down 2% as it had expected three months ago. Adjusted earnings of $4.15 to $4.30 per share would be $0.15 to $0.20 higher than its previous guidance. Yet some might be disappointed with the Uggs maker's fiscal third-quarter adjusted earnings projections of $3.65 to $3.75 per share, as that would be weaker than the $4.10 per share that many investors expect.
Deckers also allocated capital toward buying back undervalued shares. It authorized a new $335 million repurchase program, bringing its total authorized available buyback to $400 million. That's about a fifth of Deckers' market cap, and it makes up for the fact that the company decided not to pursue a sale of all or part of its business in the immediate future.
Even with the results, Deckers shareholders didn't celebrate everything in the release, and the stock declined almost 2% in after-market trading following the announcement. In the long run, what matters is whether sales of Uggs will do well for the holiday season. If they do, then Deckers will be in a better position to implement key initiatives to bolster its results in fiscal 2019 and beyond.
10 stocks we like better than Deckers Outdoor
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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! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of October 9, 2017
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 situation had gotten so bad that activist investors wanted Deckers to put itself up for sale , and the shoemaker did indeed do a strategic review process to consider various moves it could make. In Powers' words, "As we head into the holiday selling season with a stronger product lineup and cleaner channel inventories compared to a year ago, we are confident that Deckers is well positioned to achieve our near- and medium-term financial targets." A poor environment for retailers has hurt Deckers Outdoor (NYSE: DECK) recently.
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Deckers bounces back Deckers Outdoor's fiscal second-quarter results showed both the difficulties it faces and the ways that it's working to overcome those difficulties. Among Deckers' key brands, Hoka One One continued to provide the bulk of the company's positive sales performance. However, poor performance from the key Uggs brand was too large to overcome, with a nearly 3% drop pulling down Deckers' top line.
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Deckers bounces back Deckers Outdoor's fiscal second-quarter results showed both the difficulties it faces and the ways that it's working to overcome those difficulties. Among Deckers' key brands, Hoka One One continued to provide the bulk of the company's positive sales performance. 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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What's next for Deckers? A poor environment for retailers has hurt Deckers Outdoor (NYSE: DECK) recently. The situation had gotten so bad that activist investors wanted Deckers to put itself up for sale , and the shoemaker did indeed do a strategic review process to consider various moves it could make.
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3d249d34-45ec-45e0-a4fa-51f587812247
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724416.0
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2017-10-26 00:00:00 UTC
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When To Sell Stocks: Big Break Below 50-Day Line Can Mark End Of A Huge Run
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DECK
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https://www.nasdaq.com/articles/when-sell-stocks-big-break-below-50-day-line-can-mark-end-huge-run-2017-10-26
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nan
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nan
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Decade after decade, new bull markets serve up big, new market leaders. Excellent fundamentals and increasing mutual fund ownership are two main catalysts for huge gains for select stocks. But all good runs eventually come to an end. It's true in sports and it's true in politics, but it's especially true in the stock market.
[ibd-display-video id=2382612 width=50 float=left autostart=true]What causes a stock's run to end? By and large, it's institutional selling - when fund managers decide to liquidate large positions and take profits after a big price run.
So after a stock's lengthy run-up, it's always important to watch for signs of heavy institutional selling.
For a market leader, the 50-day moving average, which computes a running average of price closes over the past 50 trading sessions, can act as a support level during an uptrend. But it can also act as a resistance level during a downtrend.
If a stock breaks below the 50-day line (drawn in red in all IBD charts and in MarketSmith ) in heavy volume and can't rally back, it's often a signal that buying demand is drying up and the stock's run is ending. Keep in mind that one or two bursts of institutional selling can often presage more sales ahead. Sometimes, it can take a fund several weeks to exit a position.
Studying the price action of former market leaders just before they broke down can help you act quickly when a current leader you own starts to falter.
After a huge breakout in April 2003, Deckers Outdoor ( DECK ) rode its 50-day line higher to a monster gain. Its price action wasn't a fluke. Big funds were accumulating the stock in anticipation of continued strong demand for Deckers' Ugg boots.
After an initial breakout below 10, Deckers eventually stormed to an all-time high near 25 in January 2004. It also cleared a series of bases before topping out at 49.12 in late December 2004.
In January 2005, the first signs of institutional selling started to appear. Big percentage declines in heavy volume are a telltale sign that institutions are unloading.
On Jan. 6, Deckers fell 7% and dropped below its 50-day line in volume 170% higher than average (1) . Two days later, it tried to reclaim the line but reversed in big volume (2) . It was time to sell.
In February, Deckers was repeatedly turned away at the 50-day line. Clearly, buying demand was drying up.
Finally, it staged a spectacular reversal on Feb. 24 (3) , yet another sign of institutional selling. By April, the stock lost nearly 58% of its value.
IBD'S TAKE : In some cases, a great stock will punctuate the end of a rally with multiple sell signals, covered frequently in IBD's Investor's Corner and daily market columns. Check out this article on how to spot multiple sell signals to lock in profits and raise cash to maximize your portfolio return.
( A version of this column originally ran in the May 2, 2013, edition of IBD. )
RELATED:
To Maximize Portfolio Returns, Use This Key Sell Rule
Can You Spot Major Market Tops? Yes, Here Is The Easy Way
When To Sell Growth Stocks: Can Multiple Sell Signals Occur At The Same Time?
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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After a huge breakout in April 2003, Deckers Outdoor ( DECK ) rode its 50-day line higher to a monster gain. Big funds were accumulating the stock in anticipation of continued strong demand for Deckers' Ugg boots. After an initial breakout below 10, Deckers eventually stormed to an all-time high near 25 in January 2004.
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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. After a huge breakout in April 2003, Deckers Outdoor ( DECK ) rode its 50-day line higher to a monster gain. Big funds were accumulating the stock in anticipation of continued strong demand for Deckers' Ugg boots.
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After a huge breakout in April 2003, Deckers Outdoor ( DECK ) rode its 50-day line higher to a monster gain. Big funds were accumulating the stock in anticipation of continued strong demand for Deckers' Ugg boots. After an initial breakout below 10, Deckers eventually stormed to an all-time high near 25 in January 2004.
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After a huge breakout in April 2003, Deckers Outdoor ( DECK ) rode its 50-day line higher to a monster gain. Big funds were accumulating the stock in anticipation of continued strong demand for Deckers' Ugg boots. After an initial breakout below 10, Deckers eventually stormed to an all-time high near 25 in January 2004.
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68bdd7a0-90b1-48af-97af-43956077ab97
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724417.0
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2017-10-26 00:00:00 UTC
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Deckers Outdoor Gets RS Rating Upgrade
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-gets-rs-rating-upgrade-2017-10-26
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nan
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nan
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Deckers Outdoor ( DECK ) had its Relative Strength ( RS ) Rating upgraded from 70 to 77 Thursday -- a welcome improvement, but still shy of the 80 or higher score you look for.
[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest climbs. See if Deckers Outdoor can continue to rebound and clear that threshold.
See How IBD Helps You Make More In Stocks
Deckers Outdoor is building a cup with handle with a 72.23 buy point . See if it can clear the breakout price in heavy trade.
In terms of fundamentals, Deckers Outdoor has posted rising EPS growth in each of the last two reports. Top line growth has also moved higher during the same period. The company is expected to release its next quarterly numbers on or around Oct. 27.
Deckers Outdoor holds the No. 5 rank among its peers in the Apparel-Shoes & Related industry group. Skechers ( SKX ) is the top-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
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 ) had its Relative Strength ( RS ) Rating upgraded from 70 to 77 Thursday -- a welcome improvement, but still shy of the 80 or higher score you look for. See How IBD Helps You Make More In Stocks Deckers Outdoor is building a cup with handle with a 72.23 buy point . In terms of fundamentals, Deckers Outdoor has posted rising EPS growth in each of the last two reports.
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Deckers Outdoor ( DECK ) had its Relative Strength ( RS ) Rating upgraded from 70 to 77 Thursday -- a welcome improvement, but still shy of the 80 or higher score you look for. See if Deckers Outdoor can continue to rebound and clear that threshold. See How IBD Helps You Make More In Stocks Deckers Outdoor is building a cup with handle with a 72.23 buy point .
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Deckers Outdoor ( DECK ) had its Relative Strength ( RS ) Rating upgraded from 70 to 77 Thursday -- a welcome improvement, but still shy of the 80 or higher score you look for. See if Deckers Outdoor can continue to rebound and clear that threshold. See How IBD Helps You Make More In Stocks Deckers Outdoor is building a cup with handle with a 72.23 buy point .
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In terms of fundamentals, Deckers Outdoor has posted rising EPS growth in each of the last two reports. Deckers Outdoor holds the No. Deckers Outdoor ( DECK ) had its Relative Strength ( RS ) Rating upgraded from 70 to 77 Thursday -- a welcome improvement, but still shy of the 80 or higher score you look for.
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4f61c1ba-acd2-479f-81df-85009cdcc4d3
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724418.0
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2017-10-25 00:00:00 UTC
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Top Ranked Value Stocks to Buy for October 25th
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DECK
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https://www.nasdaq.com/articles/top-ranked-value-stocks-to-buy-for-october-25th-2017-10-25
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Here are four stocks with buy rank and strong value characteristics for investors to consider today, October 25th:
Koppers Holdings Inc. (KOP): This treated wood products provider has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings increasing 3.4% over the last 60 days.
Koppers Holdings Inc. Price and Consensus
Koppers Holdings Inc. price-consensus-chart | Koppers Holdings Inc. Quote
Koppers Holdings has a price-to-earnings ratio (P/E) of 15.98, compared with 18.70 for the industry. The company possesses a Value Score of A.
Koppers Holdings Inc. PE Ratio (TTM)
Koppers Holdings Inc. pe-ratio-ttm | Koppers Holdings Inc. Quote
Deckers Outdoor Corporation (DECK): This apparel company has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 0.2% over the last 60 days.
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote
Deckers Outdoor has a price-to-earnings ratio (P/E) of 15.96, compared with 16.10 for the industry. The company possesses a Value Score of A.
Deckers Outdoor Corporation PE Ratio (TTM)
Deckers Outdoor Corporation pe-ratio-ttm | Deckers Outdoor Corporation Quote
Avis Budget Group, Inc. (CAR): This provider of car and truck rental services has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings increasing 6% over the last 60 days.
Avis Budget Group, Inc. Price and Consensus
Avis Budget Group, Inc. price-consensus-chart | Avis Budget Group, Inc. Quote
Avis Budget Group has a price-to-earnings ratio (P/E) of 15.51, compared with 21.70 for the industry. The company possesses a Value Score of A.
Avis Budget Group, Inc. PE Ratio (TTM)
Avis Budget Group, Inc. pe-ratio-ttm | Avis Budget Group, Inc. Quote
Spirit AeroSystems Holdings, Inc. (SPR): This designer of commercial aero structures has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 0.6% over the last 60 days.
Spirit Aerosystems Holdings, Inc. Price and Consensus
Spirit Aerosystems Holdings, Inc. price-consensus-chart | Spirit Aerosystems Holdings, Inc. Quote
Spirit AeroSystems Holdings has a price-to-earnings ratio (P/E) of 15.23, compared with 67.90 for the industry. The company possesses a Value Score of A.
Spirit Aerosystems Holdings, Inc. PE Ratio (TTM)
Spirit Aerosystems Holdings, Inc. pe-ratio-ttm | Spirit Aerosystems Holdings, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Value score and how it is calculated here .
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
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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
Spirit Aerosystems Holdings, Inc. (SPR): Free Stock Analysis Report
Koppers Holdings Inc. (KOP): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Avis Budget Group, Inc. (CAR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company possesses a Value Score of A. Deckers Outdoor Corporation PE Ratio (TTM) Deckers Outdoor Corporation pe-ratio-ttm | Deckers Outdoor Corporation Quote Avis Budget Group, Inc. (CAR): This provider of car and truck rental services has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings increasing 6% over the last 60 days. The company possesses a Value Score of A. Koppers Holdings Inc. PE Ratio (TTM) Koppers Holdings Inc. pe-ratio-ttm | Koppers Holdings Inc. Quote Deckers Outdoor Corporation (DECK): This apparel company has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 0.2% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote Deckers Outdoor has a price-to-earnings ratio (P/E) of 15.96, compared with 16.10 for the industry.
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The company possesses a Value Score of A. Koppers Holdings Inc. PE Ratio (TTM) Koppers Holdings Inc. pe-ratio-ttm | Koppers Holdings Inc. Quote Deckers Outdoor Corporation (DECK): This apparel company has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 0.2% over the last 60 days. The company possesses a Value Score of A. Deckers Outdoor Corporation PE Ratio (TTM) Deckers Outdoor Corporation pe-ratio-ttm | Deckers Outdoor Corporation Quote Avis Budget Group, Inc. (CAR): This provider of car and truck rental services has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings increasing 6% over the last 60 days. Click to get this free report Spirit Aerosystems Holdings, Inc. (SPR): Free Stock Analysis Report Koppers Holdings Inc. (KOP): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Avis Budget Group, Inc. (CAR): Free Stock Analysis Report To read this article on Zacks.com click here.
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The company possesses a Value Score of A. Koppers Holdings Inc. PE Ratio (TTM) Koppers Holdings Inc. pe-ratio-ttm | Koppers Holdings Inc. Quote Deckers Outdoor Corporation (DECK): This apparel company has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 0.2% over the last 60 days. The company possesses a Value Score of A. Deckers Outdoor Corporation PE Ratio (TTM) Deckers Outdoor Corporation pe-ratio-ttm | Deckers Outdoor Corporation Quote Avis Budget Group, Inc. (CAR): This provider of car and truck rental services has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings increasing 6% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote Deckers Outdoor has a price-to-earnings ratio (P/E) of 15.96, compared with 16.10 for the industry.
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The company possesses a Value Score of A. Koppers Holdings Inc. PE Ratio (TTM) Koppers Holdings Inc. pe-ratio-ttm | Koppers Holdings Inc. Quote Deckers Outdoor Corporation (DECK): This apparel company has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 0.2% over the last 60 days. Click to get this free report Spirit Aerosystems Holdings, Inc. (SPR): Free Stock Analysis Report Koppers Holdings Inc. (KOP): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Avis Budget Group, Inc. (CAR): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote Deckers Outdoor has a price-to-earnings ratio (P/E) of 15.96, compared with 16.10 for the industry.
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a0a0994f-d1cf-459a-a94c-a263fcfe46e1
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724419.0
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2017-10-25 00:00:00 UTC
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Wednesday Sector Leaders: Agriculture & Farm Products, Textiles
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DECK
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https://www.nasdaq.com/articles/wednesday-sector-leaders-agriculture-farm-products-textiles-2017-10-25
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nan
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In trading on Wednesday, agriculture & farm products shares were relative leaders, up on the day by about 1.7%. Leading the group were shares of CVR Partners LP ( UAN ), up about 10.6% and shares of S&W Seed Company ( SANW ) up about 1.6% on the day.
Also showing relative strength are textiles shares, up on the day by about 0.1% as a group, led by Nike ( NKE ), trading up by about 3.7% and Deckers Outdoor Corporation ( DECK ), trading higher by about 2.1% on Wednesday.
VIDEO: Wednesday Sector Leaders: Agriculture & Farm Products, Textiles
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also showing relative strength are textiles shares, up on the day by about 0.1% as a group, led by Nike ( NKE ), trading up by about 3.7% and Deckers Outdoor Corporation ( DECK ), trading higher by about 2.1% on Wednesday. In trading on Wednesday, agriculture & farm products shares were relative leaders, up on the day by about 1.7%. VIDEO: Wednesday Sector Leaders: Agriculture & Farm Products, Textiles The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also showing relative strength are textiles shares, up on the day by about 0.1% as a group, led by Nike ( NKE ), trading up by about 3.7% and Deckers Outdoor Corporation ( DECK ), trading higher by about 2.1% on Wednesday. In trading on Wednesday, agriculture & farm products shares were relative leaders, up on the day by about 1.7%. VIDEO: Wednesday Sector Leaders: Agriculture & Farm Products, Textiles The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also showing relative strength are textiles shares, up on the day by about 0.1% as a group, led by Nike ( NKE ), trading up by about 3.7% and Deckers Outdoor Corporation ( DECK ), trading higher by about 2.1% on Wednesday. VIDEO: Wednesday Sector Leaders: Agriculture & Farm Products, Textiles The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also showing relative strength are textiles shares, up on the day by about 0.1% as a group, led by Nike ( NKE ), trading up by about 3.7% and Deckers Outdoor Corporation ( DECK ), trading higher by about 2.1% on Wednesday. In trading on Wednesday, agriculture & farm products shares were relative leaders, up on the day by about 1.7%. Leading the group were shares of CVR Partners LP ( UAN ), up about 10.6% and shares of S&W Seed Company ( SANW ) up about 1.6% on the day.
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fa2e30b2-0acd-485b-8c4e-83391b5ac4c4
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724420.0
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2017-10-25 00:00:00 UTC
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Apparel Stocks Queued for Earnings on Oct 26: DECK, COLM, CRI
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DECK
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https://www.nasdaq.com/articles/apparel-stocks-queued-for-earnings-on-oct-26%3A-deck-colm-cri-2017-10-25
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nan
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We are near the half-way mark of this earnings season, wherein the picture has been quite encouraging for investors. Per the Earnings Preview dated Oct 20, 87 S&P 500 members have reported quarterly results. These members account for almost 24.7% of the index's total market capitalization. So far, 71.3% of these companies have delivered positive earnings surprises, while 70.1% beat top-line expectations.
Further, earnings of these companies have increased 9.4% from the year-ago period, while revenues have rallied 7.3%. As a whole, earnings for the S&P 500 companies are anticipated to improve 2.6% while revenues are expected to be up 5% from the prior-year period.
A Look at Consumer Discretionary Sector
Out of the 16 Zacks Classified sectors, nine are expected to witness a decline this earnings season, including the Consumer Discretionary space. According to the report, earnings for this sector are estimated to decline 1.7%, while revenues are anticipated to improve 2.9%.
As per the Earnings Trend of Oct 18, about 8.1% of the S&P 500 companies in the same sector have reported their results, wherein 66.7% companies delivered an earnings beat while all surpassed revenue estimates. Further, earnings for these companies have increased 0.8% on a year-over-year basis while revenues improved 6.8%.
The consumer discretionary sector is currently positioned at the top 38% (6 out of 16) of the Zacks classified sectors. The space consists of household appliances, textile, apparel as well as toys and hobbies stocks, among others.
Considering all factors, let's see what's in store for the following stocks when they release their quarterly results on Oct 26.
Our research shows that stocks with the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP have a higher chance of a positive earnings surprise. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Let's See How COLM, DECK and CRI are Placed
Designer, producer and brand manager ofniche footwear and accessories Deckers Outdoor CorpDECK is likely to witness year-over-year decline in both top and bottom line in its upcoming second-quarter fiscal 2018 results, due to store closures and earlier-than-planned shipments.
We believe that the dismal performance is likely to arise from underlying weakness in the company's UGG brand. The Zacks Consensus Estimate revenue for the UGG brand is pegged at $368 million, down nearly 11% year over year. Meanwhile, the consensus estimate for both Sanuk and Teva brands are pegged at $13.2 million and $16 million, down 30.2% and 6.4%, respectively. In view of such headwinds, consensus estimate for the company's total revenue is pegged at $438 million for the to-be-reported quarter, down more than 9% from the year-ago period. Nevertheless, the company remains focused on product innovations and store augmentations to achieve long-term growth. (Read More: Store Closures Likely to Impact Deckers Q2 Earnings )
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote
The current Zacks Consensus Estimate for the quarter under review is $1.03, down from $1.23 reported in the year-ago period. Estimates have been stable for the company over the past 30 days. Notably the company's earnings have outperformed estimates by an average of 76.7% in the trailing four quarters.
While Deckers Outdoor currently carries a Zacks Rank #2, our earnings beat criteria was let down by the company's Earnings ESP of -0.27% for the upcoming quarter. You can see the complete list of today's Zacks #1 Rank stocks here .
Columbia Sportswear CompanyCOLM , a designer and marketer of outdoor and active lifestyle products is slated to report third-quarter 2017 results. While the company's results are expected to gain from sturdy performance in its Europe-direct business and prAna brand, it is likely to be hurt by declines across the United Sates, Latin America and Asia Pacific (LAAP) regions. As a result, both top and bottom lines show a probable year-over-year decline.
The company has been witnessing challenges in the United Sates, especially in the wholesale front for quite some time, mainly due to store closures, bankruptcies and plans of restructuring or liquidation. Revenues in the LAAP region have also witnessed challenges lately, owing to lower sales in Korea as there has been a general shift of consumer preference away from outdoor apparel and accessories. (Read More: Factors Impacting Columbia Sportswear's Q3 Earnings )
Owing to such headwinds, analysts polled by Zacks expect net sales from United States and LAAP regions to decline 2.5% and 0.9% to $473 million and $112 million, respectively, during the third quarter. Consequently, the Zacks Consensus Estimate for total revenues of $734.9 million for the said quarter also depicts a decline of 1.4% from the year-ago period.
Columbia Sportswear Company Price, Consensus and EPS Surprise
Columbia Sportswear Company Price, Consensus and EPS Surprise | Columbia Sportswear Company Quote
We note that Columbia Sportswear has delivered an average positive surprise of 12.3% in the trailing four quarters. Notably, the company's earnings have outpaced the Zacks Consensus Estimate in 18 straight quarters. The Zacks Consensus Estimate for earnings is currently pegged at $1.15 for the third quarter, depicting a decline of 2.5% from the year-ago period. Estimates have remained stable for the last 30 days. However, owing to its Earnings ESP of -0.71%, earnings beat seems unlikely this time.
Let's take a look at Carter's, IncCRI , which is a leading marketer of apparel in the United States and Canada. The company is poised to beat earnings this season with an Earnings ESP of +1.51% and a Zacks Rank #3. The consensus mark for earnings is pegged at $1.66, which depicts a year-on-year rise of 3.1%. We note that the company has outpaced the Zacks Consensus Estimate in three out of the trailing four quarters, with an average beat of 7.3%. Further, analysts polled by Zacks predict revenues to grow 5.2% to approximately $948.2 million in the third quarter of 2017.
Carter's, Inc. Price, Consensus and EPS Surprise
Carter's, Inc. Price, Consensus and EPS Surprise | Carter's, Inc. Quote
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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.
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 See How COLM, DECK and CRI are Placed Designer, producer and brand manager ofniche footwear and accessories Deckers Outdoor CorpDECK is likely to witness year-over-year decline in both top and bottom line in its upcoming second-quarter fiscal 2018 results, due to store closures and earlier-than-planned shipments. (Read More: Store Closures Likely to Impact Deckers Q2 Earnings ) Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote The current Zacks Consensus Estimate for the quarter under review is $1.03, down from $1.23 reported in the year-ago period. While Deckers Outdoor currently carries a Zacks Rank #2, our earnings beat criteria was let down by the company's Earnings ESP of -0.27% for the upcoming quarter.
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(Read More: Store Closures Likely to Impact Deckers Q2 Earnings ) Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote The current Zacks Consensus Estimate for the quarter under review is $1.03, down from $1.23 reported in the year-ago period. 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 To read this article on Zacks.com click here. Let's See How COLM, DECK and CRI are Placed Designer, producer and brand manager ofniche footwear and accessories Deckers Outdoor CorpDECK is likely to witness year-over-year decline in both top and bottom line in its upcoming second-quarter fiscal 2018 results, due to store closures and earlier-than-planned shipments.
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(Read More: Store Closures Likely to Impact Deckers Q2 Earnings ) Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote The current Zacks Consensus Estimate for the quarter under review is $1.03, down from $1.23 reported in the year-ago period. Let's See How COLM, DECK and CRI are Placed Designer, producer and brand manager ofniche footwear and accessories Deckers Outdoor CorpDECK is likely to witness year-over-year decline in both top and bottom line in its upcoming second-quarter fiscal 2018 results, due to store closures and earlier-than-planned shipments. While Deckers Outdoor currently carries a Zacks Rank #2, our earnings beat criteria was let down by the company's Earnings ESP of -0.27% for the upcoming quarter.
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Let's See How COLM, DECK and CRI are Placed Designer, producer and brand manager ofniche footwear and accessories Deckers Outdoor CorpDECK is likely to witness year-over-year decline in both top and bottom line in its upcoming second-quarter fiscal 2018 results, due to store closures and earlier-than-planned shipments. (Read More: Store Closures Likely to Impact Deckers Q2 Earnings ) Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote The current Zacks Consensus Estimate for the quarter under review is $1.03, down from $1.23 reported in the year-ago period. While Deckers Outdoor currently carries a Zacks Rank #2, our earnings beat criteria was let down by the company's Earnings ESP of -0.27% for the upcoming quarter.
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79c96c6d-e254-42e8-a839-081e175b7a28
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724421.0
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2017-10-24 00:00:00 UTC
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Store Closures Likely to Impact Deckers (DECK) Q2 Earnings
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DECK
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https://www.nasdaq.com/articles/store-closures-likely-to-impact-deckers-deck-q2-earnings-2017-10-24
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nan
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Deckers Outdoor Corp.DECK , the designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report second-quarter fiscal 2018 results on Oct 26, after the closing bell.
In the preceding quarter, the company had delivered a positive earnings surprise of 23.4%. In the trailing four quarters, it outperformed the Zacks Consensus Estimate by an average of 76.4%. Let's see how things are shaping up prior to this announcement.
What to Expect?
Deckers Outdoor's bottom-line is likely to witness a year-over-year decline in the second quarter. The current Zacks Consensus Estimate for the quarter under review is $1.03, down from $1.23 reported in the year-ago period. We also note that of late the Zacks Consensus Estimate has been stable for the company.
Meanwhile, analysts polled by Zacks expect revenues of $438 million, down 12% from the year-ago quarter after registering growth of over 20% in the first quarter.
Factors Influencing the Quarter
Deckers Outdoor is likely to witness year-over-year decline in both top and bottom lines in second-quarter fiscal 2018 due to store closures and the earlier than planned shipments in the quarter under review. Moreover, the prior-year quarter also benefited from the shipment of Women's Classic II. The company had earlier stated that it expects earnings in the range of approximately $1.00-$1.05 compared with $1.23 per share delivered in the year-ago period, while sales are expected to decline by approximately 10%.
We believe the sharp decline in both top and bottom lines will be largely due to dismal performance of the company's UGG brand. The Zacks Consensus Estimate for revenues for the company's UGG brand is pegged at $368 million, down nearly 11% year over year. Meanwhile, the consensus estimate for both Sanuk and Teva brands are pegged at $13.2 million and $16 million, down 30.2% and 6.4%, respectively.
Despite the aforementioned headwinds that are likely to impact the Deckers Outdoor's financial numbers in the second quarter, we cannot ignore the company's long-term efforts.
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.
Lastly, the company's store fleet optimization plan focuses on striking the right balance between digital and physical stores. To do this, Deckers Outdoor had earlier unveiled plans to close approximately 30-40 outlets over the next two years.
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 does not conclusively show that Deckers Outdoor is likely to beat earnings 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 may uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Deckers Outdoor has an Earnings ESP of -0.27%. The company's Zacks Rank #1 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
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 an earnings beat:
Conn's, Inc. CONN has an Earnings ESP of +50.00% 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 +2.63% and a Zacks Rank #2.
Big Lots, Inc. BIG has an Earnings ESP of +15.39% and a Zacks Rank #2.
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Conn's, Inc. (CONN): Free Stock Analysis Report
Big Lots, Inc. (BIG): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Ralph Lauren Corporation (RL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The 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 designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report second-quarter fiscal 2018 results on Oct 26, after the closing bell. In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and improve shopping experience for customers. Deckers Outdoor's bottom-line is likely to witness a year-over-year decline in the second quarter.
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Factors Influencing the Quarter Deckers Outdoor is likely to witness year-over-year decline in both top and bottom lines in second-quarter fiscal 2018 due to store closures and the earlier than planned shipments in the quarter under review. 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 Conn's, Inc. (CONN): Free Stock Analysis Report Big Lots, Inc. (BIG): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here.
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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 Conn's, Inc. (CONN): Free Stock Analysis Report Big Lots, Inc. (BIG): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.DECK , the designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report second-quarter fiscal 2018 results on Oct 26, after the closing bell.
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Factors Influencing the Quarter Deckers Outdoor is likely to witness year-over-year decline in both top and bottom lines in second-quarter fiscal 2018 due to store closures and the earlier than planned shipments in the quarter under review. Deckers Outdoor has an Earnings ESP of -0.27%. Deckers Outdoor Corp.DECK , the designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report second-quarter fiscal 2018 results on Oct 26, after the closing bell.
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5a969260-1799-44c1-9d91-cfb4a73c0190
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724422.0
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2017-10-23 00:00:00 UTC
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New Strong Buy Stocks for October 23rd
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DECK
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https://www.nasdaq.com/articles/new-strong-buy-stocks-october-23rd-2017-10-23
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nan
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Dana Inc (DAN): This global provider of technology driveline, sealing and thermal-management products has seen the Zacks Consensus Estimate for its current year earnings increasing 1.3% over the last 60 days.
Dana Incorporated Price and Consensus
Dana Incorporated Price and Consensus | Dana Incorporated Quote
Deckers Outdoor Corp (DECK): This company engaged in the designing, marketing and distributing footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days.
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote
Fiat Chrysler Automobiles NV (FCAU): This manufacturer and seller of vehicles, components, and production systems has seen the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days.
Fiat Chrysler Automobiles N.V. Price and Consensus
Fiat Chrysler Automobiles N.V. Price and Consensus | Fiat Chrysler Automobiles N.V. Quote
Koppers Holdings Inc. (KOP): This provider of treated wood products, wood treatment chemicals, and carbon compounds has seen the Zacks Consensus Estimate for its current year earnings increasing 3.4% over the last 60 days.
Koppers Holdings Inc. Price and Consensus
Koppers Holdings Inc. Price and Consensus | Koppers Holdings Inc. Quote
Noble Midstream Partners LP (NBLX): This company that develops and acquires midstream infrastructure assets has seen the Zacks Consensus Estimate for its current year earnings increasing 2.8% over the last 60 days.
Noble Midstream Partners LP Price and Consensus
Noble Midstream Partners LP Price and Consensus | Noble Midstream Partners LP Quote
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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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
Noble Midstream Partners LP (NBLX): Free Stock Analysis Report
Koppers Holdings Inc. (KOP): Free Stock Analysis Report
Fiat Chrysler Automobiles N.V. (FCAU): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Dana Incorporated (DAN): 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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Dana Incorporated Price and Consensus Dana Incorporated Price and Consensus | Dana Incorporated Quote Deckers Outdoor Corp (DECK): This company engaged in the designing, marketing and distributing footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Fiat Chrysler Automobiles NV (FCAU): This manufacturer and seller of vehicles, components, and production systems has seen the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. Click to get this free report Noble Midstream Partners LP (NBLX): Free Stock Analysis Report Koppers Holdings Inc. (KOP): Free Stock Analysis Report Fiat Chrysler Automobiles N.V. (FCAU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Fiat Chrysler Automobiles NV (FCAU): This manufacturer and seller of vehicles, components, and production systems has seen the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. Click to get this free report Noble Midstream Partners LP (NBLX): Free Stock Analysis Report Koppers Holdings Inc. (KOP): Free Stock Analysis Report Fiat Chrysler Automobiles N.V. (FCAU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report To read this article on Zacks.com click here. Dana Incorporated Price and Consensus Dana Incorporated Price and Consensus | Dana Incorporated Quote Deckers Outdoor Corp (DECK): This company engaged in the designing, marketing and distributing footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days.
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Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Fiat Chrysler Automobiles NV (FCAU): This manufacturer and seller of vehicles, components, and production systems has seen the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. Click to get this free report Noble Midstream Partners LP (NBLX): Free Stock Analysis Report Koppers Holdings Inc. (KOP): Free Stock Analysis Report Fiat Chrysler Automobiles N.V. (FCAU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report To read this article on Zacks.com click here. Dana Incorporated Price and Consensus Dana Incorporated Price and Consensus | Dana Incorporated Quote Deckers Outdoor Corp (DECK): This company engaged in the designing, marketing and distributing footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days.
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Click to get this free report Noble Midstream Partners LP (NBLX): Free Stock Analysis Report Koppers Holdings Inc. (KOP): Free Stock Analysis Report Fiat Chrysler Automobiles N.V. (FCAU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report To read this article on Zacks.com click here. Dana Incorporated Price and Consensus Dana Incorporated Price and Consensus | Dana Incorporated Quote Deckers Outdoor Corp (DECK): This company engaged in the designing, marketing and distributing footwear, apparel and accessories has seen the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote Fiat Chrysler Automobiles NV (FCAU): This manufacturer and seller of vehicles, components, and production systems has seen the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days.
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59f8ccf3-60e7-46ee-ac71-02cd813d5d7d
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724423.0
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2017-10-17 00:00:00 UTC
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Hanesbrands Gains From Acquisitions & Cost-Saving Efforts
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DECK
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https://www.nasdaq.com/articles/hanesbrands-gains-from-acquisitions-cost-saving-efforts-2017-10-17
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nan
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nan
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Hanesbrands Inc 's HBI performance has been favorable, backed by its strategic acquisitions, cost-saving initiatives and sturdy growth in e-commerce business. Over the past six months, shares of the company have returned 10% compared with the industry 's 8.2% increase in the same time frame.
Let's now delve at some of the aspects that have been positively impacting the company's performance.
Sturdy Growth in e-commerce
Customers are resorting to online shopping to save time and effort. In order to capture this trend, Hanesbrands has been reallocating its resources and its personnel to strengthen online business. During the second quarter of 2017, sales from online channel increased 25%, mainly benefitting from Global Champion Activewear brand. Further, in order to cater to the needs of the online segment, management has been focusing on supply chain optimization and investing in domestic distribution center network.
Acquisitions Driving Growth
Hanesbrands involves in strategic acquisitions to strengthen its business portfolio. The buyouts provide the infrastructure, capability and systems to deliver to a broad set of retail customers, across the entire graphic apparel market. During the second quarter of 2017, acquisition related synergies contributed approximately $220 million in net sales. The benefits from acquisitions were mainly related to Champion Europe and Hanes Australasia that had been completed in 2016. Further, Champion Japan integration completed during the first quarter of 2016 has aided in bolstering its presence in Asia.
Cost-Saving Initiatives
Hanesbrands launched its Project Booster program in the first quarter of 2017 with the motive of generating investments, minimize costs and increase cash flow. By 2019, this project is anticipated to produce nearly $150 million of annualized cost savings, out of which roughly $50 million will be reinvested in targeted growth opportunities. Notably, this reinvestment should generate approximately $100 million in a run rate of net annualized savings that will begin by the end of 2019.
Also, the Innovate-to-Elevate strategy continues to drive the company's adjusted operating profit margin and generate significant cumulative cash from operations.
Estimates Look Positive
Ahead of Hanesbrands' third-quarter 2017 results, the Zacks Consensus Estimate for both the quarter as well as for 2017 have remained stable over the last 30 days. Estimated earnings for the upcoming quarter are currently pegged at 60 cents, which falls within the management's guidance of 59-61 cents. Also, estimated earnings depict a year-over-year growth of 7.6%.
Further, estimated earnings of $1.98 for 2017, depict a growth of 7% from the prior-year period and also falls within managements anticipated earnings range of $1.93-$2.03.
Final Thoughts
Despite a decline in organic sales, the company has witnessed trends pertaining to the same to improve sequentially. Moreover, the company continues to expect organic sales to turn positive and contribute to growth in the second half. Sales are also expected to be benefitted from back-to-school shipments that are anticipated to fall in the third quarter.
Owing to the greater upsides associated with the stock, Hanesbrands currently carries a Zacks Rank #1 (Strong Buy). It holds a VGM Score of B and has a long-term growth rate of 10.7%.
Do Consumer Discretionary Stocks Interest You? Check These
Investors may also want to consider other stocks from the same sector. Guess?, Inc GES and Deckers Outdoor Corporation DECK sport a Zacks Rank #1 while lululemon athletica inc LULU carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 stocks here .
Guess? delivered an average positive earnings surprise of 20.6% in the trailing four quarters. It has a long-term earnings growth rate of 17.5%.
Deckers delivered an average positive earnings surprise of 76.7% in the trailing four quarters. It has a long-term earnings growth rate of 9.8%.
lululemon delivered an average positive earnings surprise of 8.5% over the trailing four quarters. It has a long-term earnings growth rate of 13.2%.
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
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Hanesbrands Inc. (HBI): 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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Guess?, Inc GES and Deckers Outdoor Corporation DECK sport a Zacks Rank #1 while lululemon athletica inc LULU carries a Zacks Rank #2 (Buy). Deckers delivered an average positive earnings surprise of 76.7% in the trailing four quarters. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Hanesbrands Inc. (HBI): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here.
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Guess?, Inc GES and Deckers Outdoor Corporation DECK sport a Zacks Rank #1 while lululemon athletica inc LULU carries a Zacks Rank #2 (Buy). Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Hanesbrands Inc. (HBI): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers delivered an average positive earnings surprise of 76.7% in the trailing four quarters.
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Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Hanesbrands Inc. (HBI): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here. Guess?, Inc GES and Deckers Outdoor Corporation DECK sport a Zacks Rank #1 while lululemon athletica inc LULU carries a Zacks Rank #2 (Buy). Deckers delivered an average positive earnings surprise of 76.7% in the trailing four quarters.
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Guess?, Inc GES and Deckers Outdoor Corporation DECK sport a Zacks Rank #1 while lululemon athletica inc LULU carries a Zacks Rank #2 (Buy). Deckers delivered an average positive earnings surprise of 76.7% in the trailing four quarters. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Hanesbrands Inc. (HBI): Free Stock Analysis Report Guess?, Inc. (GES): Free Stock Analysis Report To read this article on Zacks.com click here.
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f22be0ff-f0a7-4db1-bbdb-c31f332838d0
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724424.0
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2017-10-12 00:00:00 UTC
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Noteworthy Thursday Option Activity: FRC, DECK, LVS
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DECK
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity-frc-deck-lvs-2017-10-12
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in First Republic Bank (Symbol: FRC), where a total of 5,738 contracts have traded so far, representing approximately 573,800 underlying shares. That amounts to about 81.3% of FRC's average daily trading volume over the past month of 705,660 shares. Particularly high volume was seen for the $95 strike put option expiring October 20, 2017 , with 1,680 contracts trading so far today, representing approximately 168,000 underlying shares of FRC. Below is a chart showing FRC's trailing twelve month trading history, with the $95 strike highlighted in orange:
Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 3,288 contracts, representing approximately 328,800 underlying shares or approximately 80% of DECK's average daily trading volume over the past month, of 410,815 shares. Especially high volume was seen for the $67.50 strike call option expiring December 15, 2017 , with 1,601 contracts trading so far today, representing approximately 160,100 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $67.50 strike highlighted in orange:
And Las Vegas Sands Corp (Symbol: LVS) saw options trading volume of 18,611 contracts, representing approximately 1.9 million underlying shares or approximately 74.4% of LVS's average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $63 strike put option expiring October 13, 2017 , with 2,299 contracts trading so far today, representing approximately 229,900 underlying shares of LVS. Below is a chart showing LVS's trailing twelve month trading history, with the $63 strike highlighted in orange:
For the various different available expirations for FRC options , DECK options , or LVS 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 $67.50 strike call option expiring December 15, 2017 , with 1,601 contracts trading so far today, representing approximately 160,100 underlying shares of DECK. Below is a chart showing FRC's trailing twelve month trading history, with the $95 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 3,288 contracts, representing approximately 328,800 underlying shares or approximately 80% of DECK's average daily trading volume over the past month, of 410,815 shares. Below is a chart showing DECK's trailing twelve month trading history, with the $67.50 strike highlighted in orange: And Las Vegas Sands Corp (Symbol: LVS) saw options trading volume of 18,611 contracts, representing approximately 1.9 million underlying shares or approximately 74.4% of LVS's average daily trading volume over the past month, of 2.5 million shares.
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Below is a chart showing FRC's trailing twelve month trading history, with the $95 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 3,288 contracts, representing approximately 328,800 underlying shares or approximately 80% of DECK's average daily trading volume over the past month, of 410,815 shares. Below is a chart showing DECK's trailing twelve month trading history, with the $67.50 strike highlighted in orange: And Las Vegas Sands Corp (Symbol: LVS) saw options trading volume of 18,611 contracts, representing approximately 1.9 million underlying shares or approximately 74.4% of LVS's average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $67.50 strike call option expiring December 15, 2017 , with 1,601 contracts trading so far today, representing approximately 160,100 underlying shares of DECK.
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Below is a chart showing FRC's trailing twelve month trading history, with the $95 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 3,288 contracts, representing approximately 328,800 underlying shares or approximately 80% of DECK's average daily trading volume over the past month, of 410,815 shares. Below is a chart showing DECK's trailing twelve month trading history, with the $67.50 strike highlighted in orange: And Las Vegas Sands Corp (Symbol: LVS) saw options trading volume of 18,611 contracts, representing approximately 1.9 million underlying shares or approximately 74.4% of LVS's average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $67.50 strike call option expiring December 15, 2017 , with 1,601 contracts trading so far today, representing approximately 160,100 underlying shares of DECK.
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Below is a chart showing FRC's trailing twelve month trading history, with the $95 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 3,288 contracts, representing approximately 328,800 underlying shares or approximately 80% of DECK's average daily trading volume over the past month, of 410,815 shares. Especially high volume was seen for the $67.50 strike call option expiring December 15, 2017 , with 1,601 contracts trading so far today, representing approximately 160,100 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $67.50 strike highlighted in orange: And Las Vegas Sands Corp (Symbol: LVS) saw options trading volume of 18,611 contracts, representing approximately 1.9 million underlying shares or approximately 74.4% of LVS's average daily trading volume over the past month, of 2.5 million shares.
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5482db8d-6e50-40c5-a5f6-80c174b46593
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724425.0
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2017-10-09 00:00:00 UTC
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What's Behind NIKE's (NKE) Decline of 10.8% in Three Months?
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DECK
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https://www.nasdaq.com/articles/whats-behind-nikes-nke-decline-of-10.8-in-three-months-2017-10-09
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nan
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nan
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The swoosh brand owner, NIKE Inc.NKE has been witnessing difficult times in the domestic market due to increased promotions and competition from online retailers. Though the company continues to be driven by its robust earnings trend, the aforementioned drawbacks have considerably weighed upon performance. This, along with a challenging retail environment and strained margins, has lowered future visibility, leading to a bleak outlook for fiscal 2018.
The cumulative effect of these factors is visible in the company's stock performance in the last three months. Notably, the stock has declined 10.8%, underperforming the Consumer Discretionary sector's growth of 2.5%.
Furthermore, the company's Momentum Score of F indicates the chances of the stock picking up are bleak. That said, let's get into the details of what is actually ailing this Zacks Rank #4 (Sell) stock.
Soft U.S. Sales - A Key Deterrent
While NIKE managed to deliver sales beat in first-quarter fiscal 2018, sales in its key North American market continues to suffer. The company posted a decline of 3% in sales for North America in first-quarter fiscal 2018. Its soft sales in North America are attributed 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 impacted due to increased focus on online sales. We believe the overall environment is likely to remain promotional in North America, hurting the results in this segment. These trends in North America make us cautious about the company's overall performance.
Challenging Retail Environment & Bleak Outlook Weigh
Though this athletic apparel, footwear and accessories retailer anticipates continued strength in its international business and lower impact from foreign currency, it expects near-term results to be hurt by the challenging retail environment in the United States.
Consequently, it retained soft outlook for fiscal 2018. Reported revenues for fiscal 2018 are still anticipated to increase in the mid-single-digits. In second-quarter fiscal 2018, the company expects reported revenues in the low-single-digit range. The company expects decline in North America and in the Converse segment to be partly mitigated by strength in international business.
Estimates Trend Down
Given the soft outlook, the Zacks Consensus Estimates have been declining since the earnings results. Estimate for fiscal 2018 declined nearly 3.4% to $2.30 per share in the last 30 days, while for fiscal 2018 it has dipped 3.7% to $2.62 per share.
Nike, Inc. Price, Consensus and EPS Surprise
Nike, Inc. Price, Consensus and EPS Surprise | Nike, Inc. Quote
Strained Margins a Concern
NIKE has been witnessing strained margins for few quarters now. Apparently, its gross margin shriveled 180 basis points (bps) in the fiscal first quarter owing to foreign currency headwinds, as well as some impact from a higher mix of off-price sales. Further, operating overheads rose 8% in the quarter owing to realignment costs related to the workforce reduction plan announced in June, as well as continued investments in NIKE Direct.
Going forward, the company expects gross margin to contract about 50-100 bps in fiscal 2018. Reported SG&A for the fiscal is anticipated to increase in the mid-single digit range, including prudent operating overhead management, alongside investing in its Consumer Direct offence. In second-quarter fiscal 2018, gross margin decline is forecasted to be in line with the first quarter, owing to persistent currency headwinds. SG&A expense is anticipated to increase in the low-double digits range.
Where's the Hope?
While the forward near-term outlook is not very appealing, we believe there lays an opportunity to grow in the company's "triple-double" and Consumer Direct Offense strategies. Additionally, the company is continually looking for ways to increase global footprint, popularity and market share. Apart from acquiring new brands, the company has been focused on broadening territory through the growth of e-commerce and NIKE Direct business. We believe these efforts will go a long way in building the company's long-term strength.
Bottom Line
Despite the smooth progress on the aforementioned strategies, we cannot ignore the near-term deterrents. Thus, we would like to see pronounced growth in its suffering North American business and an improvement in margins to be optimistic about the stock.
Done with NIKE? Here are Some Interesting Picks
Better-ranked stocks in the same industry include Deckers Outdoor Corp. DECK , Carter's, Inc. CRI and Wolverine World Wide, Inc. WWW , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Deckers, with long-term earnings per share growth rate of 9.8%, has surged 28.6% year to date.
Carter's has increased 11.1% in the last three months. The stock has a long-term growth rate of 8%.
Wolverine World Wide has a long-term EPS growth rate of 12.5%. Further, the stock has returned 32.3% year to date.
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
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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Here are Some Interesting Picks Better-ranked stocks in the same industry include Deckers Outdoor Corp. DECK , Carter's, Inc. CRI and Wolverine World Wide, Inc. WWW , each carrying a Zacks Rank #2 (Buy). Deckers, with long-term earnings per share growth rate of 9.8%, has surged 28.6% year to date. 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.
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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. Here are Some Interesting Picks Better-ranked stocks in the same industry include Deckers Outdoor Corp. DECK , Carter's, Inc. CRI and Wolverine World Wide, Inc. WWW , each carrying a Zacks Rank #2 (Buy). Deckers, with long-term earnings per share growth rate of 9.8%, has surged 28.6% year to date.
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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. Here are Some Interesting Picks Better-ranked stocks in the same industry include Deckers Outdoor Corp. DECK , Carter's, Inc. CRI and Wolverine World Wide, Inc. WWW , each carrying a Zacks Rank #2 (Buy). Deckers, with long-term earnings per share growth rate of 9.8%, has surged 28.6% year to date.
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Here are Some Interesting Picks Better-ranked stocks in the same industry include Deckers Outdoor Corp. DECK , Carter's, Inc. CRI and Wolverine World Wide, Inc. WWW , each carrying a Zacks Rank #2 (Buy). Deckers, with long-term earnings per share growth rate of 9.8%, has surged 28.6% year to date. 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.
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91a1cbd1-5b13-4664-9dc3-9315e73e026a
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724426.0
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2017-10-06 00:00:00 UTC
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Stocks Showing Improved Relative Strength: Deckers Outdoor
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DECK
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https://www.nasdaq.com/articles/stocks-showing-improved-relative-strength-deckers-outdoor-2017-10-06
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nan
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nan
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Deckers Outdoor ( DECK ) had its Relative Strength ( RS ) Rating upgraded from 68 to 73 Friday -- a welcome improvement, but still short of the 80 or better score you prefer to see.
[ibd-display-video id=449423 width=50 float=left autostart=true] IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to the rest of the market.
History shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Deckers Outdoor can continue to rebound and clear that threshold.
Looking For Winning Stocks? Try This Simple Routine
Deckers Outdoor is trying to complete a cup without handle with a 72.82 entry . See if it can clear the breakout price in volume at least 40% above average.
Regarding fundamentals, the company has posted rising EPS growth in each of the last two reports. Revenue growth has also risen over the same time frame. Deckers Outdoor is expected to release its next quarterly numbers on or around Oct. 27.
The company earns the No. 4 rank among its peers in the Apparel-Shoes & Related industry group. Steven Madden ( SHOO ) is the top-ranked stock within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
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 ) had its Relative Strength ( RS ) Rating upgraded from 68 to 73 Friday -- a welcome improvement, but still short of the 80 or better score you prefer to see. Try This Simple Routine Deckers Outdoor is trying to complete a cup without handle with a 72.82 entry . See if Deckers Outdoor can continue to rebound and clear that threshold.
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Deckers Outdoor ( DECK ) had its Relative Strength ( RS ) Rating upgraded from 68 to 73 Friday -- a welcome improvement, but still short of the 80 or better score you prefer to see. See if Deckers Outdoor can continue to rebound and clear that threshold. Try This Simple Routine Deckers Outdoor is trying to complete a cup without handle with a 72.82 entry .
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Deckers Outdoor ( DECK ) had its Relative Strength ( RS ) Rating upgraded from 68 to 73 Friday -- a welcome improvement, but still short of the 80 or better score you prefer to see. See if Deckers Outdoor can continue to rebound and clear that threshold. Try This Simple Routine Deckers Outdoor is trying to complete a cup without handle with a 72.82 entry .
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Deckers Outdoor ( DECK ) had its Relative Strength ( RS ) Rating upgraded from 68 to 73 Friday -- a welcome improvement, but still short of the 80 or better score you prefer to see. See if Deckers Outdoor can continue to rebound and clear that threshold. Try This Simple Routine Deckers Outdoor is trying to complete a cup without handle with a 72.82 entry .
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cffcd3e2-19ee-4c9b-b6a1-74f66b3a7201
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724427.0
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2017-10-03 00:00:00 UTC
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Deckers Efforts on Track, Stock Rallies 21% in Six Months
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DECK
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https://www.nasdaq.com/articles/deckers-efforts-on-track-stock-rallies-21-in-six-months-2017-10-03
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nan
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nan
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Deckers Outdoor CorporationDECK has not only outperformed the industry but also the broader sector in the past six months. The stock has increased 21.5%, while the industry has witnessed a decline of 3.7%. Meanwhile, the broader Consumer Discretionary sector gained 2.9%. So, what's driving this Zacks Rank #2 (Buy) stock.
We believe that the company's disciplined approach toward enhancing e-commerce capabilities, innovative line of products and concentrated efforts on expanding brand assortments has been well received by investors. Additionally, the stock's long-term earnings growth rate of 9.8% and a VGM Score of A reflect its inherent strength.
Let's Take a Closer Look
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. Additionally, 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.
However, management expects second-quarter fiscal 2018 net sales to decline approximately 10% on account of store closures and earlier-than-planned shipments in the first quarter. Management informed that the last year quarter sales also benefited from the shipment of Women's Classic II. Moreover, Deckers envisions earnings in the range of approximately $1.00-$1.05 compared with $1.23 per share delivered in the year-ago period.
Nevertheless, we believe that the company's strategic endeavors will help overcome short-term impediments.
Looking for More? Check these 3 Trending Picks
G-III Apparel Group, Ltd. GIII delivered an average positive earnings surprise of 3.5% in the trailing four quarters. It has a long-term earnings growth rate of 15% and sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
PVH Corp. PVH delivered an average positive earnings surprise of 3.6% in the trailing four quarters. The company has a long-term earnings growth rate of 13.1% and carries a Zacks Rank #2 (Buy).
The Children's Place, Inc. PLCE delivered an average positive earnings surprise of 16.3% in the trailing four quarters. It has a long-term earnings growth rate of 9% and carries a Zacks Rank #2.
Will You Make a Fortune on the Shift to Electric Cars?
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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.
It's not the one you think.
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Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
PVH Corp. (PVH): Free Stock Analysis Report
G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor CorporationDECK has not only outperformed the industry but also the broader sector in the past six months. Let's Take a Closer Look 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. 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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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report PVH Corp. (PVH): 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 CorporationDECK has not only outperformed the industry but also the broader sector in the past six months. Let's Take a Closer Look 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.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report PVH Corp. (PVH): 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 CorporationDECK has not only outperformed the industry but also the broader sector in the past six months. Let's Take a Closer Look 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.
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Deckers Outdoor CorporationDECK has not only outperformed the industry but also the broader sector in the past six months. Let's Take a Closer Look 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. 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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ebad4eef-dcdc-479e-b258-2f5be594fe99
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724428.0
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2017-09-29 00:00:00 UTC
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Notable Friday Option Activity: GBX, DECK, SONC
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DECK
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https://www.nasdaq.com/articles/notable-friday-option-activity-gbx-deck-sonc-2017-09-29
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Greenbrier Companies Inc (Symbol: GBX), where a total of 2,964 contracts have traded so far, representing approximately 296,400 underlying shares. That amounts to about 84.6% of GBX's average daily trading volume over the past month of 350,495 shares. Especially high volume was seen for the $45 strike put option expiring November 17, 2017 , with 2,508 contracts trading so far today, representing approximately 250,800 underlying shares of GBX. Below is a chart showing GBX's trailing twelve month trading history, with the $45 strike highlighted in orange:
Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 2,829 contracts, representing approximately 282,900 underlying shares or approximately 83.6% of DECK's average daily trading volume over the past month, of 338,195 shares. Especially high volume was seen for the $67 strike put option expiring October 06, 2017 , with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $67 strike highlighted in orange:
And Sonic Corp. (Symbol: SONC) options are showing a volume of 5,367 contracts thus far today. That number of contracts represents approximately 536,700 underlying shares, working out to a sizeable 77.6% of SONC's average daily trading volume over the past month, of 691,965 shares. Particularly high volume was seen for the $25 strike put option expiring October 20, 2017 , with 4,347 contracts trading so far today, representing approximately 434,700 underlying shares of SONC. Below is a chart showing SONC's trailing twelve month trading history, with the $25 strike highlighted in orange:
For the various different available expirations for GBX options , DECK options , or SONC 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 $67 strike put option expiring October 06, 2017 , with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of DECK. Below is a chart showing GBX's trailing twelve month trading history, with the $45 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 2,829 contracts, representing approximately 282,900 underlying shares or approximately 83.6% of DECK's average daily trading volume over the past month, of 338,195 shares. Below is a chart showing DECK's trailing twelve month trading history, with the $67 strike highlighted in orange: And Sonic Corp. (Symbol: SONC) options are showing a volume of 5,367 contracts thus far today.
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Below is a chart showing GBX's trailing twelve month trading history, with the $45 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 2,829 contracts, representing approximately 282,900 underlying shares or approximately 83.6% of DECK's average daily trading volume over the past month, of 338,195 shares. Especially high volume was seen for the $67 strike put option expiring October 06, 2017 , with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $67 strike highlighted in orange: And Sonic Corp. (Symbol: SONC) options are showing a volume of 5,367 contracts thus far today.
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Below is a chart showing GBX's trailing twelve month trading history, with the $45 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 2,829 contracts, representing approximately 282,900 underlying shares or approximately 83.6% of DECK's average daily trading volume over the past month, of 338,195 shares. Especially high volume was seen for the $67 strike put option expiring October 06, 2017 , with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $67 strike highlighted in orange: And Sonic Corp. (Symbol: SONC) options are showing a volume of 5,367 contracts thus far today.
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Below is a chart showing GBX's trailing twelve month trading history, with the $45 strike highlighted in orange: Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 2,829 contracts, representing approximately 282,900 underlying shares or approximately 83.6% of DECK's average daily trading volume over the past month, of 338,195 shares. Especially high volume was seen for the $67 strike put option expiring October 06, 2017 , with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $67 strike highlighted in orange: And Sonic Corp. (Symbol: SONC) options are showing a volume of 5,367 contracts thus far today.
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254dff31-866f-45ee-9093-3580e1fd95f6
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724429.0
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2017-09-13 00:00:00 UTC
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Marcato Capital Management Llc Buys DXC Technology Co, NetScout Systems Inc, CF Corp, Sells ...
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DECK
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https://www.nasdaq.com/articles/marcato-capital-management-llc-buys-dxc-technology-co-netscout-systems-inc-cf-corp-sells-0
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nan
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nan
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Marcato Capital Management Llc
New Purchases: DXC , NTCT , CFCO , RYAM,
Added Positions:DECK, RCII, LQ,
Reduced Positions:BID, AVT, GT, ERI, IAC, TPHS,
Sold Out:SIG, FC,
For the details of MARCATO CAPITAL MANAGEMENT LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=MARCATO+CAPITAL+MANAGEMENT+LLC
These are the top 5 holdings of MARCATO CAPITAL MANAGEMENT LLC
Deckers Outdoor Corp ( DECK ) - 1,952,531 shares, 16.58% of the total portfolio. Shares added by 2.70%
Buffalo Wild Wings Inc ( BWLD ) - 983,299 shares, 15.5% of the total portfolio. Shares added by 0.07%
IAC/InterActiveCorp ( IAC ) - 935,619 shares, 12.01% of the total portfolio. Shares reduced by 2.08%
Goodyear Tire & Rubber Co ( GT ) - 2,163,733 shares, 9.41% of the total portfolio. Shares reduced by 8.27%
DXC Technology Co ( DXC ) - 787,703 shares, 7.52% of the total portfolio. New Position
New Purchase: DXC Technology Co ( DXC )
Marcato Capital Management Llc initiated holdings in DXC Technology Co. The purchase prices were between $67.95 and $80.59, with an estimated average price of $76.6. The stock is now traded at around $85.91. The impact to the portfolio due to this purchase was 7.52%. The holdings were 787,703 shares as of 2017-06-30.
New Purchase: NetScout Systems Inc (NTCT)
Marcato Capital Management Llc initiated holdings in NetScout Systems Inc. The purchase prices were between $32.53 and $38.1, with an estimated average price of $36.24. The stock is now traded at around $32.50. The impact to the portfolio due to this purchase was 2.74%. The holdings were 641,452 shares as of 2017-06-30.
New Purchase: CF Corp (CFCO)
Marcato Capital Management Llc initiated holdings in CF Corp. The purchase prices were between $10 and $12.01, with an estimated average price of $10.59. The stock is now traded at around $11.27. The impact to the portfolio due to this purchase was 0.77%. The holdings were 549,355 shares as of 2017-06-30.
New Purchase: Rayonier Advanced Materials Inc (RYAM)
Marcato Capital Management Llc initiated holdings in Rayonier Advanced Materials Inc. The purchase prices were between $12.18 and $17.39, with an estimated average price of $14.24. The stock is now traded at around $13.66. The impact to the portfolio due to this purchase was 0.56%. The holdings were 284,546 shares as of 2017-06-30.
Added: Rent-A-Center Inc (RCII)
Marcato Capital Management Llc added to the holdings in Rent-A-Center Inc by 60.24%. The purchase prices were between $8.62 and $13.14, with an estimated average price of $11.26. The stock is now traded at around $12.46. The impact to the portfolio due to this purchase was 0.37%. The holdings were 682,342 shares as of 2017-06-30.
Added: La Quinta Holdings Inc (LQ)
Marcato Capital Management Llc added to the holdings in La Quinta Holdings Inc by 35.27%. The purchase prices were between $13.27 and $15.32, with an estimated average price of $14.1. The stock is now traded at around $16.31. The impact to the portfolio due to this purchase was 0.23%. The holdings were 473,428 shares as of 2017-06-30.
Sold Out: Signet Jewelers Ltd (SIG)
Marcato Capital Management Llc sold out the holdings in Signet Jewelers Ltd. The sale prices were between $47.88 and $69.27, with an estimated average price of $61.43.
Sold Out: Franklin Covey Co (FC)
Marcato Capital Management Llc sold out the holdings in Franklin Covey Co. The sale prices were between $19.65 and $22.1, with an estimated average price of $20.64.
Reduced: Sothebys (BID)
Marcato Capital Management Llc reduced to the holdings in Sothebys by 51.54%. The sale prices were between $43.94 and $55.42, with an estimated average price of $49.69. The stock is now traded at around $43.72. The impact to the portfolio due to this sale was -5.12%. Marcato Capital Management Llc still held 860,281 shares as of 2017-06-30.
Reduced: Avnet Inc (AVT)
Marcato Capital Management Llc reduced to the holdings in Avnet Inc by 60.38%. The sale prices were between $35.96 and $45.76, with an estimated average price of $39.73. The stock is now traded at around $38.07. The impact to the portfolio due to this sale was -4.56%. Marcato Capital Management Llc still held 531,385 shares as of 2017-06-30.
Reduced: Eldorado Resorts Inc (ERI)
Marcato Capital Management Llc reduced to the holdings in Eldorado Resorts Inc by 35.6%. The sale prices were between $17.8 and $21.6, with an estimated average price of $19.98. The stock is now traded at around $25.25. The impact to the portfolio due to this sale was -0.27%. Marcato Capital Management Llc still held 206,228 shares as of 2017-06-30.
Warning! GuruFocus has detected 3 Warning Signs with RCII. Click here to check it out.
RCII 15-Year Financial Data
The intrinsic value of RCII
Peter Lynch Chart of RCII
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This article first appeared on GuruFocus .
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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Marcato Capital Management Llc New Purchases: DXC , NTCT , CFCO , RYAM, Added Positions:DECK, RCII, LQ, Reduced Positions:BID, AVT, GT, ERI, IAC, TPHS, Sold Out:SIG, FC, For the details of MARCATO CAPITAL MANAGEMENT LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=MARCATO+CAPITAL+MANAGEMENT+LLC These are the top 5 holdings of MARCATO CAPITAL MANAGEMENT LLC Deckers Outdoor Corp ( DECK ) - 1,952,531 shares, 16.58% of the total portfolio. New Purchase: Rayonier Advanced Materials Inc (RYAM) Marcato Capital Management Llc initiated holdings in Rayonier Advanced Materials Inc. Marcato Capital Management Llc still held 860,281 shares as of 2017-06-30.
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Marcato Capital Management Llc New Purchases: DXC , NTCT , CFCO , RYAM, Added Positions:DECK, RCII, LQ, Reduced Positions:BID, AVT, GT, ERI, IAC, TPHS, Sold Out:SIG, FC, For the details of MARCATO CAPITAL MANAGEMENT LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=MARCATO+CAPITAL+MANAGEMENT+LLC These are the top 5 holdings of MARCATO CAPITAL MANAGEMENT LLC Deckers Outdoor Corp ( DECK ) - 1,952,531 shares, 16.58% of the total portfolio. New Purchase: CF Corp (CFCO) Marcato Capital Management Llc initiated holdings in CF Corp. New Purchase: Rayonier Advanced Materials Inc (RYAM) Marcato Capital Management Llc initiated holdings in Rayonier Advanced Materials Inc.
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Marcato Capital Management Llc New Purchases: DXC , NTCT , CFCO , RYAM, Added Positions:DECK, RCII, LQ, Reduced Positions:BID, AVT, GT, ERI, IAC, TPHS, Sold Out:SIG, FC, For the details of MARCATO CAPITAL MANAGEMENT LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=MARCATO+CAPITAL+MANAGEMENT+LLC These are the top 5 holdings of MARCATO CAPITAL MANAGEMENT LLC Deckers Outdoor Corp ( DECK ) - 1,952,531 shares, 16.58% of the total portfolio. New Position New Purchase: DXC Technology Co ( DXC ) Marcato Capital Management Llc initiated holdings in DXC Technology Co. Added: La Quinta Holdings Inc (LQ) Marcato Capital Management Llc added to the holdings in La Quinta Holdings Inc by 35.27%.
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Marcato Capital Management Llc New Purchases: DXC , NTCT , CFCO , RYAM, Added Positions:DECK, RCII, LQ, Reduced Positions:BID, AVT, GT, ERI, IAC, TPHS, Sold Out:SIG, FC, For the details of MARCATO CAPITAL MANAGEMENT LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=MARCATO+CAPITAL+MANAGEMENT+LLC These are the top 5 holdings of MARCATO CAPITAL MANAGEMENT LLC Deckers Outdoor Corp ( DECK ) - 1,952,531 shares, 16.58% of the total portfolio. Marcato Capital Management Llc still held 860,281 shares as of 2017-06-30. Marcato Capital Management Llc still held 531,385 shares as of 2017-06-30.
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ee7f7d0c-5d94-4ea5-a911-5693cbaadbc8
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724430.0
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2017-09-06 00:00:00 UTC
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Deckers (DECK) Strategic Efforts Bode well: Should You Hold?
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DECK
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https://www.nasdaq.com/articles/deckers-deck-strategic-efforts-bode-well%3A-should-you-hold-2017-09-06
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nan
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nan
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Deckers Outdoor CorporationDECK focus on e-Commerce capabilities, innovative line of products and concentrated efforts on expanding brand assortments has been received well by investors, evident from the stock's gain of 17.5% in the last six months. Moreover, the stock has also outperformed the industry which has witnessed a decline of 4.3%.
However, in the past month the stock has lost momentum and witnessed a marginal decline of 2%. Let's delve deeper.
Hidden Catalyst
Deckers is targeting profitable markets, and remains focused on product innovations and store augmentation. Management is eyeing opportunities for store expansion, targeting underpenetrated markets, enhancing e-Commerce capabilities 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 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. Additionally, Deckers plans to close approximately 30 to 40 outlets over the next two years. By fiscal 2020, it anticipates a company-owned fleet of approximately 125 stores worldwide.
Management 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.
Concerns
Following first-quarter fiscal 2018 results, Deckers has kept fiscal 2018 guidance intact but provided a soft second-quarter outlook. Management expects net sales to decline approximately 10% on account of store closures and earlier-than-planned shipments in the quarter under review. Management informed that the last year quarter sales also benefited from the shipment of Women's Classic II. Moreover, Deckers envisions earnings in the range of approximately $1.00-$1.05 compared with $1.23 per share delivered in the year-ago period.
Further, Deckers' over-reliance on the UGG brand is a matter of concern. 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 small to offset any slowdown in UGG sales.
3 Retail Stocks Hogging the Limelight
Top-ranked stocks, which warrant a look in the retail sector includes, Big Lots, Inc. BIG , The Gap, Inc. GPS and Burlington Stores, Inc. BURL . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Big Lots has an impressive long-term earnings growth rate of 13.5%.
The Gap delivered an average positive earnings surprise of 9.3% in the trailing four quarters and has a long-term earnings growth rate of 8%.
Burlington Stores delivered an average positive earnings surprise of 17.7 in the trailing three quarters and has a long-term earnings growth rate of 16.2%.
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Gap, Inc. (The) (GPS): Free Stock Analysis Report
Big Lots, Inc. (BIG): 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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Deckers Outdoor CorporationDECK focus on e-Commerce capabilities, innovative line of products and concentrated efforts on expanding brand assortments has been received well by investors, evident from the stock's gain of 17.5% in the last six months. In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and improve shopping experience for customers. Hidden Catalyst Deckers is targeting profitable markets, and remains focused on product innovations and store augmentation.
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Click to get this free report Gap, Inc. (The) (GPS): Free Stock Analysis Report Big Lots, Inc. (BIG): 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. Deckers Outdoor CorporationDECK focus on e-Commerce capabilities, innovative line of products and concentrated efforts on expanding brand assortments has been received well by investors, evident from the stock's gain of 17.5% in the last six months. Hidden Catalyst Deckers is targeting profitable markets, and remains focused on product innovations and store augmentation.
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Deckers Outdoor CorporationDECK focus on e-Commerce capabilities, innovative line of products and concentrated efforts on expanding brand assortments has been received well by investors, evident from the stock's gain of 17.5% in the last six months. Click to get this free report Gap, Inc. (The) (GPS): Free Stock Analysis Report Big Lots, Inc. (BIG): 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. Hidden Catalyst Deckers is targeting profitable markets, and remains focused on product innovations and store augmentation.
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Hidden Catalyst Deckers is targeting profitable markets, and remains focused on product innovations and store augmentation. Deckers Outdoor CorporationDECK focus on e-Commerce capabilities, innovative line of products and concentrated efforts on expanding brand assortments has been received well by investors, evident from the stock's gain of 17.5% in the last six months. 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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d1d98b7a-910e-4ff7-bf1b-27b65dd71654
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724431.0
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2017-09-04 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-2017-09-04
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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 $65.10, changing hands for $65.58/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher - if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 10 different analyst targets contributing to that average for Deckers Outdoor Corp., but the average is just that - a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $40.00. And then on the other side of the spectrum one analyst has a target as high as $74.00. The standard deviation is $9.993.
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 $65.10/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $65.10 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 $65.10, changing hands for $65.58/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 $65.10/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $65.10 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 $65.10, changing hands for $65.58/share. There are 10 different analyst targets contributing to that average for Deckers Outdoor Corp., but the average is just that - a mathematical average. But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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There are 10 different analyst targets contributing to that average for Deckers Outdoor Corp., but the average is just that - a mathematical average. And so with DECK crossing above that average target price of $65.10/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $65.10 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 $65.10, changing hands for $65.58/share.
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There are 10 different analyst targets contributing to that average for Deckers Outdoor Corp., but the average is just that - a mathematical average. In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $65.10, changing hands for $65.58/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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b6ed2ad0-807a-4227-8c19-5be51ddd4381
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724432.0
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2017-08-28 00:00:00 UTC
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Is Deckers Outdoor a Great Stock for Value Investors?
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DECK
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https://www.nasdaq.com/articles/is-deckers-outdoor-a-great-stock-for-value-investors-2017-08-28
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nan
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nan
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Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn't want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let's put Deckers Outdoor CorporationDECK stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:
PE Ratio
A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock's current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.
On this front, Deckers Outdoor has a trailing twelve months PE ratio of 15.23, as you can see in the chart below:
P/S Ratio
Another key metric to note is the Price/Sales ratio. This approach compares a given stock's price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.
Right now, Deckers Outdoor has a P/S ratio of about 1.11. This is a bit lower than the S&P 500 average, which comes in at 3.12 right now. Also, as we can see in the chart below, this is well below the highs for this stock in particular over the past few years.
Broad Value Outlook
In aggregate, Deckers Outdoor currently has a Value Style Score of 'A', putting it into the top 20% of all stocks we cover from this look. This makes Deckers Outdoor a solid choice for value investors, and some of its other key metrics make this pretty clear too.
For example, the P/CF ratio comes in at 4.65, which is far better than the industry average of 6.16. Clearly, DECK is a solid choice on the value front from multiple angles.
What About the Stock Overall?
Though Deckers Outdoor might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth grade of 'A' and a Momentum score of 'B'. This gives DECK a VGM score-or its overarching fundamental grade-of 'A'. (You can read more about the Style Scores here >> )
Meanwhile, the company's recent earnings estimates have been mixed at best. The current quarter has seen no estimates go higher in the past sixty days compared to five lower, while the full year estimate has seen two up and one down in the same time period.
This has had a significant impact on the consensus estimate though as the current quarter consensus estimate has fallen by 20.2% in the past two months, while the full year estimate has moved up by 1%. You can see the consensus estimate trend and recent price action for the stock in the chart below:
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote
This somewhat mixed trend is why the stock has just a Zacks Rank #3 (Hold) and why we are looking for in-line performance from the company in the near term.
Bottom Line
Deckers Outdoor is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. However, with a Zacks Rank #3, it is hard to get too excited about this company overall. In fact, over the past two years, the industry has clearly underperformed the broader market, as you can see below:
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bottom Line Deckers Outdoor is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. Let's put Deckers Outdoor CorporationDECK stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. On this front, Deckers Outdoor has a trailing twelve months PE ratio of 15.23, as you can see in the chart below: P/S Ratio Another key metric to note is the Price/Sales ratio.
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You can see the consensus estimate trend and recent price action for the stock in the chart below: Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote This somewhat mixed trend is why the stock has just a Zacks Rank #3 (Hold) and why we are looking for in-line performance from the company in the near term. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Let's put Deckers Outdoor CorporationDECK stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short.
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Let's put Deckers Outdoor CorporationDECK stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. You can see the consensus estimate trend and recent price action for the stock in the chart below: Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote This somewhat mixed trend is why the stock has just a Zacks Rank #3 (Hold) and why we are looking for in-line performance from the company in the near term. On this front, Deckers Outdoor has a trailing twelve months PE ratio of 15.23, as you can see in the chart below: P/S Ratio Another key metric to note is the Price/Sales ratio.
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Right now, Deckers Outdoor has a P/S ratio of about 1.11. Let's put Deckers Outdoor CorporationDECK stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. On this front, Deckers Outdoor has a trailing twelve months PE ratio of 15.23, as you can see in the chart below: P/S Ratio Another key metric to note is the Price/Sales ratio.
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082e6798-e5a8-421e-ba4c-9e114d70b2fc
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724433.0
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2017-07-28 00:00:00 UTC
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Deckers' Gloomy Outlook Overshadows Solid Results
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DECK
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https://www.nasdaq.com/articles/deckers-gloomy-outlook-overshadows-solid-results-2017-07-28
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nan
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Deckers Outdoor (NYSE: DECK) has had to deal with terrible conditions in the retail industry lately, and many investors have grown impatient with the company's efforts to turn itself around. Activist institutional investors have looked at Deckers as a potential candidate for a sale , but so far, that pressure hasn't resulted in any major change to the shoemaker's overall strategy for growth.
Coming into Thursday's fiscal first-quarter financial report, Deckers investors were prepared for a seasonally typical net loss and relatively sedate sales gains. What they got was a narrower loss than expected and a huge boost in revenue, but the company fully expects that it will pay the price with weaker results in the current quarter, and that dampened the mood among shareholders. Let's take a closer look at Deckers and whether it can pull itself out of a difficult situation.
Deckers pulls in early orders
Deckers Outdoor's fiscal first-quarter results were a lot different from what most had anticipated. Revenue soared by 20% to $209.7 million, crushing expectations for a low single-digit percentage increase. Deckers lost $44.3 million during the period, but that was down 15% from its loss in the year-earlier quarter. Adjusted losses of $1.28 per share were far better than the consensus forecast among those following the stock for a $1.67 per share loss.
Looking more closely at Deckers' report, it's important not to misunderstand the cause of the unexpected revenue boost. The shoemaker said the rise was primarily due to earlier-than-planned global wholesale shipments. Yet Deckers also noted that strong sell-through of its spring line of products also contributed to its improved performance. Gross margin fell slightly, but a 5% reduction in overhead expenses was instrumental in helping to reduce the amount of red ink on the company's bottom line.
Deckers' success was concentrated in a couple of key brands. The Uggs line enjoyed a 25% boost in sales, but the real winner on the quarter was Hoka One One, which saw sales soar 75% from year-ago levels. Teva sales were up 9%, but the Sanuk brand suffered a 2% drop in product revenue. Deckers also saw better performance from the wholesale front, with a nearly 25% jump in revenue, but direct-to-consumer sales were up respectably on comparable sales gains of 12.7%. International sales growth outpaced domestic revenue gains by a 37% to 10% margin.
Can Deckers build up some momentum?
CEO Dave Powers was pleased with how Deckers started the fiscal year. "Our first-quarter results reflect solid consumer demand for our spring product offering across our brands," Powers said, "combined with earlier than planned shipments of certain fall orders." The CEO said that the early results are encouraging when considering Deckers' prospects for the rest of the year.
However, Deckers' guidance reflected the fact that it will likely give back a substantial part of the quarter's gains. Because of the early shipments, Deckers now expects sales for the fiscal second quarter to fall 10%, and earnings will decline to between $1 and $1.05 per share. Both numbers are far weaker than expected, offsetting the outperformance from the just-reported quarter.
For the full year, Deckers doesn't expect much change from its previous guidance based on the fiscal first-quarter's numbers. The shoemaker still sees sales remaining flat to down 2%, with adjusted earnings of $3.95 to $4.15 per share. Store closures will also play a role in keeping Deckers' top line under some pressure in future quarters.
Deckers shareholders weren't entirely comfortable with the news, but the stock managed to overcome a nearly 3% drop in pre-market trading following the announcement to open with much more modest losses. In the long run, investors will need to see more evidence that Deckers can produce a meaningful pickup in sales and profit. Otherwise, fundamental weakness will eventually show up more clearly in stock-price performance.
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Dan Caplinger has no position in any 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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Activist institutional investors have looked at Deckers as a potential candidate for a sale , but so far, that pressure hasn't resulted in any major change to the shoemaker's overall strategy for growth. Coming into Thursday's fiscal first-quarter financial report, Deckers investors were prepared for a seasonally typical net loss and relatively sedate sales gains. Deckers Outdoor (NYSE: DECK) has had to deal with terrible conditions in the retail industry lately, and many investors have grown impatient with the company's efforts to turn itself around.
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Deckers pulls in early orders Deckers Outdoor's fiscal first-quarter results were a lot different from what most had anticipated. Because of the early shipments, Deckers now expects sales for the fiscal second quarter to fall 10%, and earnings will decline to between $1 and $1.05 per share. For the full year, Deckers doesn't expect much change from its previous guidance based on the fiscal first-quarter's numbers.
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Deckers pulls in early orders Deckers Outdoor's fiscal first-quarter results were a lot different from what most had anticipated. Deckers also saw better performance from the wholesale front, with a nearly 25% jump in revenue, but direct-to-consumer sales were up respectably on comparable sales gains of 12.7%. Because of the early shipments, Deckers now expects sales for the fiscal second quarter to fall 10%, and earnings will decline to between $1 and $1.05 per share.
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Deckers pulls in early orders Deckers Outdoor's fiscal first-quarter results were a lot different from what most had anticipated. For the full year, Deckers doesn't expect much change from its previous guidance based on the fiscal first-quarter's numbers. * 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!
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27216f19-b7ee-4e92-bfaf-4480a36b9723
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724434.0
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2017-07-28 00:00:00 UTC
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Deckers Outdoor (DECK) Posts Narrower-than-Expected Q1 Loss
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-deck-posts-narrower-than-expected-q1-loss-2017-07-28
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nan
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nan
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Deckers Outdoor CorporationDECK posted narrower-than-expected loss in first-quarter fiscal 2018. This footwear and apparel retailer reported adjusted loss per share of $1.28 that fared better than the Zacks Consensus Estimate of loss of $1.67 and also management's earlier projection of $1.70-$1.65. The bottom line also showed a sharp improvement from loss of $1.80 delivered in the year-ago quarter.
We noticed that the top line did improve considerably and SG&A expenses also declined but higher cost of sales hurt the bottom line to an extent. Following the results, Deckers kept fiscal 2018 guidance intact but provided a soft second-quarter outlook.
Net sales came in at $209.7 million, up 20.3% year over year and came ahead the Zacks Consensus Estimate of $179.3 million. The company had earlier anticipated net sales to increase in low-single digits. On a constant currency basis, net sales surged 21.5%. Gross margin contracted 50 basis points to 43.2% due to foreign currency headwinds.
The increase in the top line can be attributable to earlier than planned worldwide wholesale shipments (of about $20 million) originally planned for the second quarter, jump in Direct-to-Consumer ("DTC") comparable sales and sturdy sales registered from the HOKA ONE ONE brand. This was also the second straight quarter of revenue beat. We noted that shares of this Goleta, CA-based company have increased about 16.3% so far in the year compared with the industry that advanced 13.2%.
Management in the last quarter had 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. Management anticipates total sales of about $2 billion with operating margin of 13% by fiscal 2020. For fiscal 2018, Deckers has set operating margin goal of 10.5%.
Sales by Geography & Channel
Further, the company's domestic net sales jumped 10.2% to $120.7 million in the reported quarter. Meanwhile, international net sales surged 37.2% to $89 million, while on a constant currency basis, the same climbed 40.8%.
DTC net sales advanced 11.8% to $65.1 million, while on a constant currency basis, sales increased 14.3%. DTC comparable sales rose 12.7% year over year. Wholesale net sales in the reported quarter soared 24.5% to $144.6 million, while on a constant currency basis, sales jumped 25.1%.
Deckers Outdoor Corporation Price and EPS Surprise
Deckers Outdoor Corporation Price and EPS Surprise | Deckers Outdoor Corporation Quote
Brand-wise Discussion
UGG brand net sales grew 24.9% to $114.7 million in the reported quarter. On a constant currency basis, sales improved 26.6%. Sales increased owing to earlier shipments of orders than previously planned and higher DTC comparable sales.
HOKA ONE ONE brand net sales surged 74.2% to $30.7 million, while on a constant currency basis the same rose 75.3%. Sales increased on account of better-than-expected DTC and wholesale sales.
Teva brand net sales rose 8.6% to $37.7 million, while on a constant currency basis, the same increased 9.8%. Sturdy global wholesale and DTC sales along with robust global reorder business, fueled the sales.
Net sales for the Sanuk brand, known for its exclusive sandals and shoes, came in at $26.2 million, down 2% year over year on both a reported and constant currency basis. The decline in sales came on account of transfer of a retail store to a partner at the end of fiscal 2017.
Other Financial Aspects
At the end of the quarter, Deckers had cash and cash equivalents of $279.9 million, short-term borrowings of $557,000 and shareholders' equity of $913.7 million. Inventories fell 5.9% year over year to $441.6 million due to better-than-expected sales in the quarter under review and efficient inventory management.
Guidance
Deckers, which carries a Zacks Rank #2 (Buy), reiterated fiscal 2018 outlook. Management continues to expect net sales to be flat to down 2% and envisions adjusted earnings between $3.95 and $4.15 per share. The current Zacks Consensus Estimate for the fiscal is $4.07. Gross margin for the fiscal year is anticipated to be 47.5%. Further, SG&A expense as a percentage of sales is anticipated to be nearly 37%.
In the second quarter, net sales are estimated to fall approximately 10% on account of store closures and the earlier than planned shipments in the quarter under review. Management informed that the last year quarter sales also benefited from the shipment of Women's Classic II.
Management forecasts earnings in the range of approximately $1.00-$1.05 compared with $1.23 per share delivered in the year-ago period. The current Zacks Consensus Estimate for the quarter is $1.27, which could witness a downward revision in the coming days.
3 Hot Stocks Awaiting Your Look
Investors interested in the retail space may consider better-ranked stocks such as Five Below, Inc. FIVE , Burlington Stores, Inc. BURL and Conn's, Inc. CONN . All three of the stocks carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Five Belowdelivered an average positive earnings surprise of 6.3% in the trailing four quarters and has a long-term earnings growth rate of 28.5%.
Burlington Storesdelivered an average positive earnings surprise of 22.6% in the trailing four quarters and has a long-term earnings growth rate of 15.9%.
Conn's delivered an average positive earnings surprise of 80.9% in the trailing four quarters and has a long-term earnings growth rate of 18.5%.
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Conn's, Inc. (CONN): Free Stock Analysis Report
Burlington Stores, Inc. (BURL): Free Stock Analysis Report
Five Below, Inc. (FIVE): 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 posted narrower-than-expected loss in first-quarter fiscal 2018. Following the results, Deckers kept fiscal 2018 guidance intact but provided a soft second-quarter outlook. For fiscal 2018, Deckers has set operating margin goal of 10.5%.
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Deckers Outdoor Corporation Price and EPS Surprise Deckers Outdoor Corporation Price and EPS Surprise | Deckers Outdoor Corporation Quote Brand-wise Discussion UGG brand net sales grew 24.9% to $114.7 million in the reported quarter. Click to get this free report Conn's, Inc. (CONN): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Five Below, Inc. (FIVE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK posted narrower-than-expected loss in first-quarter fiscal 2018.
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Deckers Outdoor Corporation Price and EPS Surprise Deckers Outdoor Corporation Price and EPS Surprise | Deckers Outdoor Corporation Quote Brand-wise Discussion UGG brand net sales grew 24.9% to $114.7 million in the reported quarter. Click to get this free report Conn's, Inc. (CONN): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Five Below, Inc. (FIVE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK posted narrower-than-expected loss in first-quarter fiscal 2018.
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Deckers Outdoor CorporationDECK posted narrower-than-expected loss in first-quarter fiscal 2018. Following the results, Deckers kept fiscal 2018 guidance intact but provided a soft second-quarter outlook. For fiscal 2018, Deckers has set operating margin goal of 10.5%.
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67af0bee-e193-4244-adf4-b3f18e40f0d0
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724435.0
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2017-07-28 00:00:00 UTC
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Columbia Sportswear (COLM) Posts Lower-than-Expected Q2 Loss
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DECK
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https://www.nasdaq.com/articles/columbia-sportswear-colm-posts-lower-than-expected-q2-loss-2017-07-28
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nan
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Columbia Sportswear CompanyCOLM reported a loss of 17 cents per share in the second quarter of 2017, which was narrower than the Zacks Consensus Estimate of a loss of 20 cents.
The reported loss was 41.7% wider than the loss of 12 cents in the prior-year quarter. The reported loss also includes expenses of 4 cents per share accounting for the company's operating model assessment.
Shares of the company have outperformed the industry over the past six months. This Zacks Rank #3 (Hold) stock rallied 6.5% compared with the industry's gain of 1.1%.
Q2 Highlights
Quarterly net sales came in at $398.9 million that beat the Zacks Consensus Estimate of $394.1 million by 1.2% and increased 3% year over year. The increase in net sales was primarily driven by the strong performance of its SOREL brand and growth in its Europe-direct business. The Europe-direct business delivered another stellar quarter of mid-teens growth by the Columbia brand. This growth also led to a double-digit rise across the company's wholesale, brick-and-mortar and e-commerce channels.
Gross profit during the quarter increased 0.6% to $180.7 million driven by higher revenues, offset by higher cost of sales. Also, gross margin fell 90 basis points (bps) to 45.3%. Further, the company reported operating loss of $17.3 million, 46.6% wider from the operating loss reported in the year-ago quarter.
During the quarter, the company focused on the second phase of the initiative 'Project CONNECT', which would further accelerate its performance as a brand and consumer focused organization.
Columbia Sportswear Company Price, Consensus and EPS Surprise
Columbia Sportswear Company Price, Consensus and EPS Surprise | Columbia Sportswear Company Quote
Regional Segments
U.S.: Net sales increased 4% to $238.2 million owing to mid-teen percentage growth in direct-to-consumer net sales. This was partially offset by decline in wholesale net sales by a high-single-digit percentage.
Europe/Middle East/Africa (EMEA): Net sales jumped 14% (up 16% on a constant currency basis) to $67.3 million, backed by solid performance at its Europe-direct business and growth in sales to EMEA distributors.
Canada: Net sales grew 2% (up 5% on a constant currency basis) to $13.9 million.
Latin America/Asia Pacific (LAAP): Net sales declined 9% (down 8% on a constant currency basis) to $79.5 million, mainly due to lower sales in Korea and China.
Category and Brand Segments
Net sales in the Global Apparel, Accessories and Equipment segments as well as in Global Footwear increased 3% to $329.7 million and $69.2 million, respectively. Global Columbia brand's net sales edged up 2% to $340.5 million, SOREL brand net sales surged 71% to $6 million and prAna brand net sales increased 9% to $35.0 million. However, Mountain and Hardwear brand net sales declined 5% to $16.1 million.
Other Financial Updates
Columbia Sportswear ended the quarter with cash and short-term investments of $622.2 million versus $428.8 million in the year-ago period. Further, consolidated inventories came in at $559.5 million, down 14% from the year-ago quarter. Total equity as of Jun 30, totaled 1,572 million.
Notably, the company bought back 48,943 shares worth $2.5 million in the second quarter. This led to a total share repurchase of 665,095 shares at an aggregate price of $35.5 million. As per the stock repurchase authorization, approximately $137.9 million are available for purchase as of Jun 30.
Management also declared a quarterly cash dividend of 18 cents per share, payable on Aug 31, 2017 to shareholders on record as of Aug 17.
Updated Guidance
Columbia Sportswear updated its earnings outlook for 2017. Earnings per share for 2017 are now projected in the band of $2.74-$2.84 per diluted share compared to the earlier anticipated range of $2.72-$2.82. The company expects higher sales in the second half of the year, resulting in higher profitability.
The management reiterated its net sales, gross margin and operating margin related outlook. It anticipates net sales to grow nearly 3% over sales of $2.38 million in 2016, mainly driven by its U.S. direct-to-consumer business. Further, it anticipates 2017 gross margins to rise nearly 30 bps. Moreover, the selling, general and administrative expenses (SG&A) are expected to rise marginally above the expected sales growth that will result in roughly 30 bps of SG&A expense deleverage. In addition, operating income is also anticipated to rise about 3% in the range of $256-$265 million for 2017 while operating margin is estimated to be roughly 10.8%.
Stocks to Consider
Better-ranked stocks in the same industry include Time Warner Inc. TWX , Deckers Outdoor Corporation DECK and Hasbro, Inc. HAS , all carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Time Warner has an average positive earnings surprise of 16.5% over the past four quarters, with a long-term earnings growth rate of 9.5%.
Deckers Outdoor Corporation has an average positive earnings surprise of 74.1% over the past four quarters, with a long-term earnings growth rate of 9.8%.
Hasbro has an average positive earnings surprise of 19% over the past four quarters, with a long-term earnings growth rate of 11.7%.
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
Time Warner Inc. (TWX): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Columbia Sportswear Company (COLM): Free Stock Analysis Report
Hasbro, Inc. (HAS): 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 to Consider Better-ranked stocks in the same industry include Time Warner Inc. TWX , Deckers Outdoor Corporation DECK and Hasbro, Inc. HAS , all carrying a Zacks Rank #2 (Buy). Deckers Outdoor Corporation has an average positive earnings surprise of 74.1% over the past four quarters, with a long-term earnings growth rate of 9.8%. Click to get this free report Time Warner Inc. (TWX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Hasbro, Inc. (HAS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Time Warner Inc. (TWX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Hasbro, Inc. (HAS): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked stocks in the same industry include Time Warner Inc. TWX , Deckers Outdoor Corporation DECK and Hasbro, Inc. HAS , all carrying a Zacks Rank #2 (Buy). Deckers Outdoor Corporation has an average positive earnings surprise of 74.1% over the past four quarters, with a long-term earnings growth rate of 9.8%.
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Click to get this free report Time Warner Inc. (TWX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Hasbro, Inc. (HAS): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked stocks in the same industry include Time Warner Inc. TWX , Deckers Outdoor Corporation DECK and Hasbro, Inc. HAS , all carrying a Zacks Rank #2 (Buy). Deckers Outdoor Corporation has an average positive earnings surprise of 74.1% over the past four quarters, with a long-term earnings growth rate of 9.8%.
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Stocks to Consider Better-ranked stocks in the same industry include Time Warner Inc. TWX , Deckers Outdoor Corporation DECK and Hasbro, Inc. HAS , all carrying a Zacks Rank #2 (Buy). Deckers Outdoor Corporation has an average positive earnings surprise of 74.1% over the past four quarters, with a long-term earnings growth rate of 9.8%. Click to get this free report Time Warner Inc. (TWX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Columbia Sportswear Company (COLM): Free Stock Analysis Report Hasbro, Inc. (HAS): Free Stock Analysis Report To read this article on Zacks.com click here.
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724436.0
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2017-07-27 00:00:00 UTC
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Earnings Reaction History: Deckers Outdoor Corporation, 44.4% Follow-Through Indicator, 9.1% Sensitive
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DECK
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https://www.nasdaq.com/articles/earnings-reaction-history-deckers-outdoor-corporation-444-follow-through-indicator-91
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nan
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Expected Earnings Release: 07/27/2017, After-hours
Avg. Extended-Hours Dollar Volume: $12,395,439
Deckers Outdoor Corporation ( DECK ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in DECK indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 66.7%
Average next regular session additional gain: 2.3%
Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock posted additional gains in the following regular session by an average of 2.3%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 33.3%
Average next regular session additional loss: 6.1%
Over that same historical period, when shares of DECK dropped in the extended-hours in reaction to its earnings announcement, history shows that 33.3% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 6.1% by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
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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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 2.3% Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock posted additional gains in the following regular session by an average of 2.3%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 33.3% Average next regular session additional loss: 6.1% Over that same historical period, when shares of DECK dropped in the extended-hours in reaction to its earnings announcement, history shows that 33.3% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 6.1% by the following regular session close. Extended-Hours Dollar Volume: $12,395,439 Deckers Outdoor Corporation ( DECK ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Historical earnings event related premarket and after-hours trading activity in DECK indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 2.3% Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock posted additional gains in the following regular session by an average of 2.3%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 33.3% Average next regular session additional loss: 6.1% Over that same historical period, when shares of DECK dropped in the extended-hours in reaction to its earnings announcement, history shows that 33.3% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 6.1% by the following regular session close.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 2.3% Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock posted additional gains in the following regular session by an average of 2.3%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 33.3% Average next regular session additional loss: 6.1% Over that same historical period, when shares of DECK dropped in the extended-hours in reaction to its earnings announcement, history shows that 33.3% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 6.1% by the following regular session close. Extended-Hours Dollar Volume: $12,395,439 Deckers Outdoor Corporation ( DECK ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Extended-Hours Dollar Volume: $12,395,439 Deckers Outdoor Corporation ( DECK ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Historical earnings event related premarket and after-hours trading activity in DECK indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 2.3% Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock posted additional gains in the following regular session by an average of 2.3%.
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02724ff2-e4fe-4158-9f55-04bf8e965b02
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724437.0
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2017-07-26 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-2017-07-26
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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 $64.30, changing hands for $65.49/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher - if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 10 different analyst targets contributing to that average for Deckers Outdoor Corp., but the average is just that - a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $40.00. And then on the other side of the spectrum one analyst has a target as high as $74.00. The standard deviation is $9.821.
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 $64.30/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $64.30 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 $64.30, changing hands for $65.49/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 $64.30/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $64.30 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 $64.30, changing hands for $65.49/share. There are 10 different analyst targets contributing to that average for Deckers Outdoor Corp., but the average is just that - a mathematical average. But the whole reason to look at the average DECK price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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There are 10 different analyst targets contributing to that average for Deckers Outdoor Corp., but the average is just that - a mathematical average. And so with DECK crossing above that average target price of $64.30/share, investors in DECK have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $64.30 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 $64.30, changing hands for $65.49/share.
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There are 10 different analyst targets contributing to that average for Deckers Outdoor Corp., but the average is just that - a mathematical average. In recent trading, shares of Deckers Outdoor Corp. (Symbol: DECK) have crossed above the average analyst 12-month target price of $64.30, changing hands for $65.49/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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89ddcf9a-51fc-4a09-9691-03063de6a839
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724438.0
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2017-07-24 00:00:00 UTC
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What's in Store for Deckers (DECK) this Earnings Season?
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DECK
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https://www.nasdaq.com/articles/whats-in-store-for-deckers-deck-this-earnings-season-2017-07-24
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nan
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nan
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Deckers Outdoor Corp.DECK , the designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report first-quarter fiscal 2018 results on Jul 27, after the closing bell.
In the preceding quarter, the company had delivered a positive earnings surprise of 283.3%. In the trailing four quarters, it outperformed the Zacks Consensus Estimate by an average of 74%. Let's see how things are shaping up prior to this announcement.
What to Expect?
The question lingering in investors' minds now is whether Deckers Outdoor will be able to come up with a positive surprise in the quarter to be reported. The current Zacks Consensus Estimate for the quarter under review is pegged at a loss of $1.67. In the year-ago quarter, the company had posted a loss per share of $1.80. We note that the Zacks Consensus Estimate has been stable in the past 30 days. Analysts polled by Zacks expect revenues of $179.3 million, up 2.8% from the year-ago quarter.
We noted that the stock has outperformed the industry in the past three months. The company's shares have increased 12.8%, while the industry gained 7.2%.
Factors Influencing the Quarter
Deckers Outdoor is targeting profitable markets and remains focused on product innovations along with store augmentation. Management is also enhancing eCommerce capabilities and transitioning to a direct subsidiary model from a distributor model outside the U.S. 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.
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. Additionally, Deckers plans to close approximately 30-40 outlets over the next two years.
Earlier, the company has stated that in the first quarter it expects net sales to increase by low-single digits. Management envisions loss per share of approximately $1.70-$1.65. Moreover, decline in sales of UGG brand have been a major concern for the investors. During the first, second, third and fourth quarters of fiscal 2017, UGG brand net sales have declined 19.8%, 2.1%, 5.3% and 1.1%, respectively.
What the Zacks Model Unveils?
Our proven model does not conclusively show that Deckers Outdoor is likely to beat earnings 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 may uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Deckers Outdoor has an ESP of 0.00% as both the Zacks Consensus Estimate and the Most Accurate estimate are pegged at a loss of $1.67. The company's Zacks Rank #1 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote
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 an earnings beat:
L Brands, Inc. LB has an Earnings ESP of +2.38% 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 +0.50% and a Zacks Rank #3.
Nordstrom, Inc. JWN has an Earnings ESP of + 4.92% and a Zacks Rank #3.
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Nordstrom, Inc. (JWN): Free Stock Analysis Report
L Brands, Inc. (LB): Free Stock Analysis Report
Costco Wholesale Corporation (COST): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp.DECK , the designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report first-quarter fiscal 2018 results on Jul 27, after the closing bell. Factors Influencing the Quarter Deckers Outdoor is targeting profitable markets and remains focused on product innovations along with store augmentation. The question lingering in investors' minds now is whether Deckers Outdoor will be able to come up with a positive surprise 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 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 an earnings beat: L Brands, Inc. LB has an Earnings ESP of +2.38% and a Zacks Rank #3. Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report L Brands, Inc. (LB): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.DECK , the designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report first-quarter fiscal 2018 results on Jul 27, after the closing bell.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote 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 an earnings beat: L Brands, Inc. LB has an Earnings ESP of +2.38% and a Zacks Rank #3. Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report L Brands, Inc. (LB): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.DECK , the designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report first-quarter fiscal 2018 results on Jul 27, after the closing bell.
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Our proven model does not conclusively show that Deckers Outdoor is likely to beat earnings estimates this quarter. Deckers Outdoor Corp.DECK , the designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report first-quarter fiscal 2018 results on Jul 27, after the closing bell. The question lingering in investors' minds now is whether Deckers Outdoor will be able to come up with a positive surprise in the quarter to be reported.
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85ed5d41-8333-4672-bd7d-c0461ac11c63
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724439.0
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2017-07-24 00:00:00 UTC
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Notable Monday Option Activity: SP, SBUX, DECK
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DECK
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https://www.nasdaq.com/articles/notable-monday-option-activity-sp-sbux-deck-2017-07-24
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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 SP Plus Corp (Symbol: SP), where a total volume of 1,000 contracts has been traded thus far today, a contract volume which is representative of approximately 100,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.9% of SP's average daily trading volume over the past month, of 204,475 shares. Particularly high volume was seen for the $30 strike put option expiring January 19, 2018 , with 500 contracts trading so far today, representing approximately 50,000 underlying shares of SP. Below is a chart showing SP's trailing twelve month trading history, with the $30 strike highlighted in orange:
Starbucks Corp. (Symbol: SBUX) options are showing a volume of 33,787 contracts thus far today. That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 48.8% of SBUX's average daily trading volume over the past month, of 6.9 million shares. Especially high volume was seen for the $60 strike call option expiring August 18, 2017 , with 7,032 contracts trading so far today, representing approximately 703,200 underlying shares of SBUX. Below is a chart showing SBUX's trailing twelve month trading history, with the $60 strike highlighted in orange:
And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 1,844 contracts, representing approximately 184,400 underlying shares or approximately 45.7% of DECK's average daily trading volume over the past month, of 403,225 shares. Particularly high volume was seen for the $70 strike call option expiring September 15, 2017 , with 605 contracts trading so far today, representing approximately 60,500 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $70 strike highlighted in orange:
For the various different available expirations for SP options , SBUX 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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Particularly high volume was seen for the $70 strike call option expiring September 15, 2017 , with 605 contracts trading so far today, representing approximately 60,500 underlying shares of DECK. Below is a chart showing SBUX's trailing twelve month trading history, with the $60 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 1,844 contracts, representing approximately 184,400 underlying shares or approximately 45.7% of DECK's average daily trading volume over the past month, of 403,225 shares. Below is a chart showing DECK's trailing twelve month trading history, with the $70 strike highlighted in orange: For the various different available expirations for SP options , SBUX options , or DECK options , visit StockOptionsChannel.com.
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Below is a chart showing SBUX's trailing twelve month trading history, with the $60 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 1,844 contracts, representing approximately 184,400 underlying shares or approximately 45.7% of DECK's average daily trading volume over the past month, of 403,225 shares. Particularly high volume was seen for the $70 strike call option expiring September 15, 2017 , with 605 contracts trading so far today, representing approximately 60,500 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $70 strike highlighted in orange: For the various different available expirations for SP options , SBUX options , or DECK options , visit StockOptionsChannel.com.
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Below is a chart showing SBUX's trailing twelve month trading history, with the $60 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 1,844 contracts, representing approximately 184,400 underlying shares or approximately 45.7% of DECK's average daily trading volume over the past month, of 403,225 shares. Particularly high volume was seen for the $70 strike call option expiring September 15, 2017 , with 605 contracts trading so far today, representing approximately 60,500 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $70 strike highlighted in orange: For the various different available expirations for SP options , SBUX options , or DECK options , visit StockOptionsChannel.com.
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Below is a chart showing SBUX's trailing twelve month trading history, with the $60 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) saw options trading volume of 1,844 contracts, representing approximately 184,400 underlying shares or approximately 45.7% of DECK's average daily trading volume over the past month, of 403,225 shares. Particularly high volume was seen for the $70 strike call option expiring September 15, 2017 , with 605 contracts trading so far today, representing approximately 60,500 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $70 strike highlighted in orange: For the various different available expirations for SP options , SBUX options , or DECK options , visit StockOptionsChannel.com.
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dc90e65b-2006-41f0-8447-e6bbc793ec66
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724440.0
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2017-07-24 00:00:00 UTC
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Oversold Conditions For Deckers Outdoor (DECK)
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DECK
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https://www.nasdaq.com/articles/oversold-conditions-deckers-outdoor-deck-2017-07-24
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $63.2713 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 62.9. A bullish investor could look at DECK's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DECK shares:
Looking at the chart above, DECK's low point in its 52 week range is $44.00 per share, with $72.72 as the 52 week high point - that compares with a last trade of $63.37.
According to the ETF Finder at ETF Channel, DECK makes up 3615.19% of the iShares Russell 2500 ETF (Symbol: SMMD) which is trading lower by about 0.2% on the day Monday.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $63.2713 per share. A bullish investor could look at DECK's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DECK shares: Looking at the chart above, DECK's low point in its 52 week range is $44.00 per share, with $72.72 as the 52 week high point - that compares with a last trade of $63.37.
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The chart below shows the one year performance of DECK shares: Looking at the chart above, DECK's low point in its 52 week range is $44.00 per share, with $72.72 as the 52 week high point - that compares with a last trade of $63.37. In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $63.2713 per share. A bullish investor could look at DECK's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $63.2713 per share. The chart below shows the one year performance of DECK shares: Looking at the chart above, DECK's low point in its 52 week range is $44.00 per share, with $72.72 as the 52 week high point - that compares with a last trade of $63.37. A bullish investor could look at DECK's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Monday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $63.2713 per share. According to the ETF Finder at ETF Channel, DECK makes up 3615.19% of the iShares Russell 2500 ETF (Symbol: SMMD) which is trading lower by about 0.2% on the day Monday. A bullish investor could look at DECK's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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7a595f52-d678-4fc2-9083-96dc8fa3d83a
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724441.0
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2017-07-21 00:00:00 UTC
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Skechers (SKX) Q2 Earnings Miss, Revenues Beat Estimates
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DECK
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https://www.nasdaq.com/articles/skechers-skx-q2-earnings-miss-revenues-beat-estimates-2017-07-21
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nan
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nan
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After posting earnings beat in the first quarter of 2017, Skechers USA Inc.SKX succumbed to a negative earnings surprise in the second quarter. The Manhattan Beach, CA-based company delivered quarterly earnings of 38 cents a share that missed the Zacks Consensus Estimate of 44 cents. Although this footwear retailer witnessed improved top-line performance, it failed to act as a savior for the bottom line that fell 20.8% year over year due to increased operating expenses and higher effective tax rate.
The company reported net sales of $1,025.9 million that increased 16.9% from the year-ago quarter and also came ahead of the Zacks Consensus Estimate of $966 million, marking the third consecutive quarter of revenues beat. Sales for the quarter mainly gained from solid performances at the company's domestic and international wholesale business and company-owned global retail operations. The company concluded the quarter under review with low-double digit jump in backlog on a global basis.
Further, Skechers' domestic eCommerce business contributed to sales growth in the quarter, registering an increase of 27.9%. The company currently operates eCommerce sites in Chile, Germany and U.K., and has launched additional sites in Spain and Canada in the quarter under review.
Sturdy top-line performance has aided the shares to advance 13.9% in the past six months that comfortably outperformed the industry 's growth of 7.7%.
Gross profit for the reported quarter grew 17.3% to $488.3 million, while gross margin expanded 20 basis points (bps) to 47.6%. Operating income came in at $86.3 million, down 14% from the prior-year quarter, while as a percentage of net sales it decreased 300 bps to 8.4%.
Management now projects third-quarter 2017 net sales in the band of $1.050-$1.075 billion compared with $942.4 million reported in the prior-year quarter. The current Zacks Consensus Estimate for revenue is pegged at $1.06 billion. Additionally, the company anticipates earnings per share in the range of 42-47 cents compared with 42 cents delivered in the year-ago period. The current Zacks Consensus Estimate for the quarter stands at 56 cents, which could witness a downward revision in the coming days.
The company expects to deliver flat sales in the domestic wholesale business and envisions double-digit growth at its international business as well as company-owned retail stores.
Segmental Sales Synopsis
The domestic wholesale revenues rose 6.4% year over year. The company shipped 11.4% more pairs compared with the prior-year period. However, average price per pair declined 4.5%.
Skechers' international wholesale business revenues, which constituted 35.1% of total sales, advanced 18.6% on the back of a 19.4% rise in wholly-owned subsidiary and joint venture (JV) businesses and 16.1% growth in distributor business. The company's JV business registered growth of 62.4% for the quarter buoyed by double-digit growth in China and sales from South Korea.
The company's JV business is gaining from the transition of distributors in Israel and South Korea. These along with the transition of Latin American and Central Eastern European distributors to subsidiaries are likely to benefit international sales.
On a combined basis, global company-owned retail business sales grew 28% driven by higher store count and comps growth of 7.1%. Domestic retail sales rose 14.5%, while International retail sales surged 67.4%. Comps increased 7.7% at domestic retail stores and 5.1% at international retail stores.
Store Update
Skechers operated 614 company-owned retail outlets globally, comprising 179 international locations at the end of the quarter. During the quarter, the company opened 31 stores. Looking ahead, the company anticipates opening 35-40 Skechers stores more in 2017.
At the end of the quarter, Skechers also operated 1,691 branded stores internationally, owned and operated by JVs, franchisees and distributors.
During the quarter, 187 third-party owned stores were opened, including 107 stores in China, 14 in India, 10 in Indonesia, eight in Saudi Arabia, four in Spain, three each in Australia, Turkey, Qatar and Italy, two each in Angola, Netherlands, Philippines, Taiwan, Thailand and UAE, and one each in Botswana, Brunei, Bulgaria, Canada, Denmark, Egypt, England, Iceland, Japan, Kazakhstan, Kosovo, Lebanon, Malaysia, Mexico, Northern Ireland, Pakistan, Poland and Vietnam. Additionally, the company closed 14 third-party owned stores.
So far in the third quarter, Skechers has opened four third-party owned stores comprising two in India and one each in Algeria and Australia. The company plans to open a total of 240-260 third-party owned stores in the second half of 2017.
Other Financial Aspects
Skechers, which carries a Zacks Rank #3 (Hold), ended the quarter with cash and cash equivalents of $751.6 million, long-term borrowings (net of current installments) of $68.3 million, and shareholders' equity of $1,779.1 million, excluding non-controlling interest of $104.2 million.
Capital expenditures incurred during the quarter were $47.6 million on store openings, remodels, and land to be utilized for China distribution center. Management now envisions capital expenditures of about $35-$40 million for the remaining year, reflecting planned opening of an additional 35−40 company-owned retail outlets, corporate upgrades and store remodeling projects.
Looking for High Performance Stocks
You may consider better-ranked stocks such as Best Buy Co., Inc. BBY and Deckers Outdoor Corporation DECK both flaunting a Zacks Rank #1 (Strong Buy), and Burlington Stores, Inc. BURL holding a Zacks Rank #2 (Buy). You can see also the complete list of today's Zacks #1 Rank stocks here .
Best Buy delivered an average positive earnings surprise of 33.8% in the trailing four quarters and has a long-term earnings growth rate of 11.8%.
Deckers delivered an average positive earnings surprise of 74% in the trailing four quarters and has a long-term earnings growth rate of 9.8%.
Burlington Stores delivered an average positive earnings surprise of 22.6% in the trailing four quarters and has a long-term earnings growth rate of 15.9%.
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
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Burlington Stores, Inc. (BURL): Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking for High Performance Stocks You may consider better-ranked stocks such as Best Buy Co., Inc. BBY and Deckers Outdoor Corporation DECK both flaunting a Zacks Rank #1 (Strong Buy), and Burlington Stores, Inc. BURL holding a Zacks Rank #2 (Buy). Deckers delivered an average positive earnings surprise of 74% in the trailing four quarters and has a long-term earnings growth rate of 9.8%. Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Looking for High Performance Stocks You may consider better-ranked stocks such as Best Buy Co., Inc. BBY and Deckers Outdoor Corporation DECK both flaunting a Zacks Rank #1 (Strong Buy), and Burlington Stores, Inc. BURL holding a Zacks Rank #2 (Buy). Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers delivered an average positive earnings surprise of 74% in the trailing four quarters and has a long-term earnings growth rate of 9.8%.
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Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Looking for High Performance Stocks You may consider better-ranked stocks such as Best Buy Co., Inc. BBY and Deckers Outdoor Corporation DECK both flaunting a Zacks Rank #1 (Strong Buy), and Burlington Stores, Inc. BURL holding a Zacks Rank #2 (Buy). Deckers delivered an average positive earnings surprise of 74% in the trailing four quarters and has a long-term earnings growth rate of 9.8%.
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Looking for High Performance Stocks You may consider better-ranked stocks such as Best Buy Co., Inc. BBY and Deckers Outdoor Corporation DECK both flaunting a Zacks Rank #1 (Strong Buy), and Burlington Stores, Inc. BURL holding a Zacks Rank #2 (Buy). Deckers delivered an average positive earnings surprise of 74% in the trailing four quarters and has a long-term earnings growth rate of 9.8%. Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here.
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31f69fae-ae13-4570-b09e-30ae16620f58
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724442.0
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2017-07-21 00:00:00 UTC
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Iconix (ICON) Acquires Remaining 50% Stake in Iconix Canada
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DECK
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https://www.nasdaq.com/articles/iconix-icon-acquires-remaining-50-stake-in-iconix-canada-2017-07-21
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nan
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nan
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The Iconix Brand Group, Inc.ICON has recently bought back the remaining 50% interest in Iconix Canada from its joint-venture partner for $19 million. As per the agreement, Iconix paid $12 million, while the remaining $7 million would be paid in the next two years.
Iconix has been forming international joint ventures since 2008 and seeks to monetize its brands through these operations, which have significantly contributed to its revenues. Moreover, expanding international business is a vital aspect in Iconix's growth strategy. Iconix is quite underpenetrated in Canada. Therefore, acquiring the remaining stakes in Iconix Canada will enable the company to strengthen its business in the region. Iconix Canada was formed in 2013 and has licenses for brands such as London Fog, Rampage, Charisma and Zoo York amongst many others.
Similar to that of Canada, Iconix has previously acquired full interest of its business in other territories. In 2015 and 2014, the company acquired the remaining 50% stake in Iconix China and Latin America, respectively. It has also established a joint venture in Middle East and North America.
Iconix also announced that it would retain its existing 51% interest in the Buffalo brand. The company had previously considered selling its interest in the Buffalo brand, but refrained from the same as the brand has been performing well in Canada and the U.S. Further, retaining the stake in the brand will facilitate gaining 100% control of Iconix Canada as well as solidify the company's position for organic growth.
Of late, the company has been divesting brands to focus on its core portfolio and spending resources on businesses that generate significant volume. This includes the divestiture of non-core brands such as Sharper Image, Badgley Mischka, Peanuts Worldwide LLC and Strawberry Shortcake brand.
Though such divestitures are in line with the company's efforts to develop a strong and yielding portfolio, they are mainly carried out to reduce its debt burden. We have also noticed that Iconix has been witnessing sluggishness in the women's and men's segments in the last nine consecutive quarters. These headwinds are clearly reflected in the share price of the company. Shares of Iconix have plunged 36.1% in the past six months, underperforming the industry 's 7.7% gain.
Despite such challenges, we expect Iconix's strategic partnerships and consistent efforts for international expansion would improve its performance in the long run. Besides entering into joint ventures, Iconix also tries to achieve growth on the back of direct-to-retail partnerships and licensing agreements. Moreover, the long-term agreements and brand exclusivity contracts are incentives to retailers who make efforts to promote Iconix' products, which in turn help to boost sales.
Iconix currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Interested in the Consumer Discretionary Space? Take a Look at these
Some better-ranked stocks in the same sector are Deckers Outdoor Corporation DECK and H&R Block, Inc. HRB , each carrying a Zacks Rank #1 (Strong Buy) while Time Warner Inc. TWX holds a Zacks Rank #2 (Buy).
Deckers has an average positive earnings surprise of 74.1% over the trailing four quarters and has a long-term earnings growth rate of 9.8%.
H&R Block has an average positive earnings surprise of 9.1% over the trailing four quarters and has a long-term earnings growth rate of 11%.
Time Warner has an average positive earnings surprise of 16.5% over the trailing four quarters and has a long-term earnings growth rate of 9.5%.
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
Time Warner Inc. (TWX): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Iconix Brand Group, Inc. (ICON): 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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Take a Look at these Some better-ranked stocks in the same sector are Deckers Outdoor Corporation DECK and H&R Block, Inc. HRB , each carrying a Zacks Rank #1 (Strong Buy) while Time Warner Inc. TWX holds a Zacks Rank #2 (Buy). Deckers has an average positive earnings surprise of 74.1% over the trailing four quarters and has a long-term earnings growth rate of 9.8%. Click to get this free report Time Warner Inc. (TWX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report H&R Block, Inc. (HRB): Free Stock Analysis Report To read this article on Zacks.com click here.
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Take a Look at these Some better-ranked stocks in the same sector are Deckers Outdoor Corporation DECK and H&R Block, Inc. HRB , each carrying a Zacks Rank #1 (Strong Buy) while Time Warner Inc. TWX holds a Zacks Rank #2 (Buy). Click to get this free report Time Warner Inc. (TWX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report H&R Block, Inc. (HRB): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers has an average positive earnings surprise of 74.1% over the trailing four quarters and has a long-term earnings growth rate of 9.8%.
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Click to get this free report Time Warner Inc. (TWX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report H&R Block, Inc. (HRB): Free Stock Analysis Report To read this article on Zacks.com click here. Take a Look at these Some better-ranked stocks in the same sector are Deckers Outdoor Corporation DECK and H&R Block, Inc. HRB , each carrying a Zacks Rank #1 (Strong Buy) while Time Warner Inc. TWX holds a Zacks Rank #2 (Buy). Deckers has an average positive earnings surprise of 74.1% over the trailing four quarters and has a long-term earnings growth rate of 9.8%.
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Take a Look at these Some better-ranked stocks in the same sector are Deckers Outdoor Corporation DECK and H&R Block, Inc. HRB , each carrying a Zacks Rank #1 (Strong Buy) while Time Warner Inc. TWX holds a Zacks Rank #2 (Buy). Deckers has an average positive earnings surprise of 74.1% over the trailing four quarters and has a long-term earnings growth rate of 9.8%. Click to get this free report Time Warner Inc. (TWX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report H&R Block, Inc. (HRB): Free Stock Analysis Report To read this article on Zacks.com click here.
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57fc1229-8fdb-4344-8e36-e84966d57450
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724443.0
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2017-07-20 00:00:00 UTC
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Just the Facts, Ma'am: July Strategy Update
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DECK
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https://www.nasdaq.com/articles/just-facts-maam-july-strategy-update-2017-07-20
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nan
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nan
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Each month, I ask myself. What do longer-term equity readers really need to focus on, right now?
Traders just closed out the first 6 months of 2017. What's my answer in July? I quote Detective Joe Friday, from the old TV show Dragnet: "Just the facts, ma'am".
(1) What of U.S. GDP growth? This should be a top-of-mind fundamental. On July 6 th , GDPNow for Q2 has +2.7%. Final Q1-17 GDP showed modest +1.2% growth.
(2) Improved U.S. earnings and low U.S. unemployment claims still say: "Don't worry". Q2 looks for +6.6% EPS growth. A strong Q1-17 earnings season is in the bag. It scored a stunning +13.9% in EPS growth.
(3) Monthly labor market evidence? That is as follows. The U.S. created +222K in June, +152 in May, +207K in APRIL, +50K in MAR, +232K jobs in FEB and +216K jobs in JAN. Recall: June was the biggest job addition last year.
(4) U.S. unemployment was 4.4% in JUNE. This is 'frictional' or 'natural' unemployment.
Summary: The U.S.A. remains firmly in a 97-month expansion.
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
Tokyo Electron Ltd. (TOELY): Free Stock Analysis Report
ISHARES NDQ BIO (IBB): ETF Research Reports
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Allstate Corporation (The) (ALL): 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 Tokyo Electron Ltd. (TOELY): Free Stock Analysis Report ISHARES NDQ BIO (IBB): ETF Research Reports Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Allstate Corporation (The) (ALL): Free Stock Analysis Report To read this article on Zacks.com click here. I quote Detective Joe Friday, from the old TV show Dragnet: "Just the facts, ma'am". (2) Improved U.S. earnings and low U.S. unemployment claims still say: "Don't worry".
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Click to get this free report Tokyo Electron Ltd. (TOELY): Free Stock Analysis Report ISHARES NDQ BIO (IBB): ETF Research Reports Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Allstate Corporation (The) (ALL): 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 Tokyo Electron Ltd. (TOELY): Free Stock Analysis Report ISHARES NDQ BIO (IBB): ETF Research Reports Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Allstate Corporation (The) (ALL): Free Stock Analysis Report To read this article on Zacks.com click here. The U.S. created +222K in June, +152 in May, +207K in APRIL, +50K in MAR, +232K jobs in FEB and +216K jobs in JAN. Recall: June was the biggest job addition last year. 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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Click to get this free report Tokyo Electron Ltd. (TOELY): Free Stock Analysis Report ISHARES NDQ BIO (IBB): ETF Research Reports Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Allstate Corporation (The) (ALL): Free Stock Analysis Report To read this article on Zacks.com click here. Final Q1-17 GDP showed modest +1.2% growth. (2) Improved U.S. earnings and low U.S. unemployment claims still say: "Don't worry".
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b2664022-d259-427f-b48b-1493f045e9c7
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724444.0
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2017-07-05 00:00:00 UTC
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Will Iconix's Strategy to Lower Debt Help Cushion the Stock?
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DECK
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https://www.nasdaq.com/articles/will-iconixs-strategy-to-lower-debt-help-cushion-the-stock-2017-07-05
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nan
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nan
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Iconix Brand Group, Inc.ICON has been dealing with multiple headwinds such as high debt burden, sluggish segments' performance, soft international business and a tough retail landscape. These have been weighing on the stock's performance that plunged over 24% in the last six months, against the Zacks categorized Shoes & Retail Apparel industry's advance of 8.8%.
The industry is currently placed at top 39% (101 out of 256) of the Zacks Classified industries. In fact, this Zacks Rank #4 (Sell) stock has also underperformed the broader Consumer Discretionary sector that gained 8.7%.
Notably, Iconix has a huge debt burden and is taking various means to reduce the same. To this end, the company has already divested non-core brands like Sharper Image and Badgley Mischka, which is in-line with the company's focus to reduce its debt and reshuffle its portfolio.
Management recently informed that it has lowered its debt level by a considerable amount of $362 million following the divestiture of its entertainment business. The company offloaded its 80% stake in the Peanuts brand and 100% interest in the Strawberry Shortcake brand, to DHX Media Ltd. DHXM for $345 million in cash.
The sale proceeds of the transaction along with available cash were utilized to pay down the outstanding balance of its Senior Secured Term Loan valuing $210 million along with compulsory payment of roughly $152 million of Senior Secured Notes issued under its securitization facility. Following the deal, Iconix had total debt of nearly $828 million that represents Senior Secured Notes of roughly $433 million, Variable Funding Note of $100 million as well as 2018 Convertible Notes of nearly $295 million.
Prior to this sale transaction, Iconix sold the rights of its Sharper Image brand and related intellectual property assets to ThreeSixty Group, the brand's largest licensee.
In addition to these concerns, Iconix's business is highly dependent on the health of the retail industry as it only licenses brands to other retailers. Evidently, the company has been delivering weak results, particularly in the women's and men's segments for the last nine quarters now.
Though Iconix is making initiatives to spark a turnaround in its performance and is evidently reducing its debt level, we believe it might take some more time. Meanwhile, you can count on better-ranked stocks in the same industry that includes Deckers Outdoor Corp. DECK and Sequential Brands Group, Inc. SQBG .
Deckers, with a long-term earnings growth rate of 9.8%, has delivered an average earnings beat of 74% in the trailing four quarters. The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Sequential Brands with a long-term earnings growth rate of 15% has delivered an average earnings beat of 25% in the trailing four quarters. The stock currently carries a Zacks Rank #2 (Buy).
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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
Sequential Brands Group, Inc. (SQBG): Free Stock Analysis Report
DHX Media Ltd. (DHXM): 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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Meanwhile, you can count on better-ranked stocks in the same industry that includes Deckers Outdoor Corp. DECK and Sequential Brands Group, Inc. SQBG . Deckers, with a long-term earnings growth rate of 9.8%, has delivered an average earnings beat of 74% in the trailing four quarters. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Sequential Brands Group, Inc. (SQBG): Free Stock Analysis Report DHX Media Ltd. (DHXM): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deckers, with a long-term earnings growth rate of 9.8%, has delivered an average earnings beat of 74% in the trailing four quarters. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Sequential Brands Group, Inc. (SQBG): Free Stock Analysis Report DHX Media Ltd. (DHXM): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, you can count on better-ranked stocks in the same industry that includes Deckers Outdoor Corp. DECK and Sequential Brands Group, Inc. SQBG .
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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 Sequential Brands Group, Inc. (SQBG): Free Stock Analysis Report DHX Media Ltd. (DHXM): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, you can count on better-ranked stocks in the same industry that includes Deckers Outdoor Corp. DECK and Sequential Brands Group, Inc. SQBG . Deckers, with a long-term earnings growth rate of 9.8%, has delivered an average earnings beat of 74% in the trailing four quarters.
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Meanwhile, you can count on better-ranked stocks in the same industry that includes Deckers Outdoor Corp. DECK and Sequential Brands Group, Inc. SQBG . Deckers, with a long-term earnings growth rate of 9.8%, has delivered an average earnings beat of 74% in the trailing four quarters. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Sequential Brands Group, Inc. (SQBG): Free Stock Analysis Report DHX Media Ltd. (DHXM): Free Stock Analysis Report To read this article on Zacks.com click here.
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293018ec-0607-4fa0-abb1-39d394431cf1
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724445.0
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2017-07-03 00:00:00 UTC
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Deckers Outdoor Up 20% in Three Months: More Room to Run?
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-up-20-in-three-months%3A-more-room-to-run-2017-07-03
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nan
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nan
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Shares of Deckers Outdoor CorporationDECK are riding high on eCommerce capabilities, innovative line of products and focus on expanding brand assortments. Moreover, all these factors have not only helped the company to report better-than-expected results in the final quarter of fiscal 2017 but also encouraged management to provide upbeat fiscal 2018 earnings projection.
This Zacks Rank #2 (Buy) company has gained 20.2% in the past three months, outperforming the Zacks categorized Shoe & Apparel industry's increase of only 7.3%. Deckers exhibits a VGM Score of "B" and has a long-term earnings growth rate of 9.8%, making us confident of its inherent strength. Let's delve deeper.
Growth Driver
Deckers is targeting profitable markets and remains focused on product innovations along with store augmentation. Management is also enhancing eCommerce capabilities and is transitioning to a direct subsidiary model from a distributor model outside the U.S. 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.
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. Additionally, Deckers plans to close approximately 30 to 40 outlets over the next two years. By fiscal 2020, it expects a company-owned fleet of approximately 125 stores worldwide.
Further, management 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 anticipates total sales of about $2 billion with operating margin of 13% by fiscal 2020.
Other Stock to Consider
Other top-ranked stocks which also warrant a look in the retail space include G-III Apparel Group, Ltd. GIII , Big 5 Sporting Goods Corporation BGFV and The Children's Place, Inc. PLCE . All the three stocks sport a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here .
G-III Apparel Group has an impressive long-term earnings growth rate of 15%.
Big 5 Sporting Goods has long-term earnings growth rate of 9% and also surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average earnings beat of 94.5%.
The Children's Place has reported earnings beat in the trailing four quarters, with an average of 36.6%.
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Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Big 5 Sporting Goods Corporation (BGFV): 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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Shares of Deckers Outdoor CorporationDECK are riding high on eCommerce capabilities, innovative line of products and focus on expanding brand assortments. Deckers exhibits a VGM Score of "B" and has a long-term earnings growth rate of 9.8%, making us confident of its inherent strength. Growth Driver Deckers is targeting profitable markets and remains focused on product innovations along with store augmentation.
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Shares of Deckers Outdoor CorporationDECK are riding high on eCommerce capabilities, innovative line of products and focus on expanding brand assortments. Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): 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. Deckers exhibits a VGM Score of "B" and has a long-term earnings growth rate of 9.8%, making us confident of its inherent strength.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): 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. Shares of Deckers Outdoor CorporationDECK are riding high on eCommerce capabilities, innovative line of products and focus on expanding brand assortments. Deckers exhibits a VGM Score of "B" and has a long-term earnings growth rate of 9.8%, making us confident of its inherent strength.
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Shares of Deckers Outdoor CorporationDECK are riding high on eCommerce capabilities, innovative line of products and focus on expanding brand assortments. Deckers exhibits a VGM Score of "B" and has a long-term earnings growth rate of 9.8%, making us confident of its inherent strength. Growth Driver Deckers is targeting profitable markets and remains focused on product innovations along with store augmentation.
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d36918db-78b9-4ff7-b382-814439c9a1ed
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724446.0
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2017-06-30 00:00:00 UTC
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NIKE (NKE) Gains on Q4 Earnings & Sales Beat, Guides FY18
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DECK
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https://www.nasdaq.com/articles/nike-nke-gains-on-q4-earnings-sales-beat-guides-fy18-2017-06-30
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nan
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nan
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Shares of NIKE Inc.NKE advanced 7.8% in the after-hours session yesterday following the company's robust fourth-quarter fiscal 2017 results. While earnings topped estimates for the 20th straight quarter, revenues turned around to post a beat compared with a miss in the prior quarter. Moreover, both the top line and bottom line improved year over year.
Overall, NIKE's stock has declined 4.6% in the last three months, underperforming the Zacks categorized Consumer Discretionary sector's growth of 2.1%.
Earnings & Revenues
This athletic apparel, footwear and accessories retailer's fourth-quarter earnings per share of 60 cents rose 22% year over year, comfortably beating the Zacks Consensus Estimate of 49 cents. Earnings were fueled by sales growth, selling & administrative expense leverage, lower tax rate and a fall in share count, somewhat offset by a drop in gross margin.
Revenues of the swoosh brand owner advanced 5% to $8,677 million and surpassed the Zacks Consensus Estimate of $8,613 million primarily driven by growth at international locations and global Direct-to-Consumer ("DTC") businesses. Sales grew 7% on a currency neutral basis.
Revenues for the NIKE Brand increased 5% to $8,127 million, while constant-dollar revenues for the brand were up 7%. Results gained from a double-digit increase in Western Europe, Greater China and Emerging Markets, along with solid growth across Sportswear and Running categories.
Moreover, the NIKE brand recorded DTC currency-neutral revenues growth of 12% in the fourth quarter and 18% for fiscal 2017. The growth in DTC revenues was mainly owing to 30% growth in online sales, 7% comparable store sales growth and addition of new stores.
Additionally, revenues at the Converse brand rose 8% to $554 million. On a currency neutral basis, revenues for the brand advanced 10% backed by market transition in Italy and solid eCommerce (DTC) growth.
Costs & Margins
Gross profit inched up 1% to $3,823 million, while the gross margin shriveled 180 basis points (bps) to 44.1%. The decline in gross margin is attributable to higher product costs and foreign currency headwinds, which neutralized the gains of higher average selling prices.
Selling and administrative expense fell 4% to $2,665 million on account of lower operating overhead costs and demand creation expenses. Demand creation expenses dropped 10% as majority of the demand-related expenses were incurred in the beginning of fiscal 2017 for the Olympics and the European Football Championship. Operating overheads dropped 1% in the quarter as lower administrative costs more than mitigated the expenses related to investments in the DTC business.
Balance Sheet & Shareholder-Friendly Moves
NIKE ended fiscal 2017 with cash and short-term investments of $6,179 million, long-term debt (excluding current maturities) of $3,471 million and shareholders' equity of $12,407 million. Inventories as of May 31, 2017, grew nearly 4% to $5,055 million.
During the fiscal fourth quarter, NIKE bought back 14.9 million shares for $820 million under its four-year $12 billion program that was approved in Nov 2015. As of May 31, the company's total repurchases under the program amounted to 79.8 million shares for roughly $4.4 billion.
Strategic Initiatives
Looking ahead, the company remains on an aggressive growth path with focus on its "triple-double" strategy and the recently announced Consumer Direct Offense. The company has made significant progress on its triple double strategy focusing on doubling innovation, speed and direct connection with customers. With regard to innovations, the company's Breaking2 initiative, ZoomX and Air VaporMax platforms have been extremely successful. Further, the company has returned to growth in the basketball shoes category driven by innovations.
With doubling speed, the company is reducing time-to-market through its Express Lane in North America, Western Europe and recent launch in Asia. This strategy ensure better demand capture, higher gross margins through more full price sales and inventory efficiency as the supply is more closely tied to real-time customer demands.
Further, doubling on direct connections involves aligning DTC and digital platforms to bring customers more close to NIKE's products, services and experiences. This enhancement of digital platform has led the company to nearly double its revenue contributions from NIKE.com and its apps in just two years, getting over the $2 billion contribution mark. Further, it has been successful with its partnership with Zalando in Europe and TMall in China. That said, the company is ready to execute a pilot program with Amazon.com Inc. AMZN in the U.S. Under this partnership, NIKE will look to improve the NIKE brand experience on Amazon by improvising the presentation and increase the quality of storytelling.
Fiscal 2018 Outlook
The company provided a detailed guidance for fiscal 2018 and beyond taking into account the operating environment, strategic changes and the foreign currency headwinds.
For fiscal 2018, the company expects currency-neutral revenue growth in the mid-to-high single digit range, reflecting growth across all regions, with continued strength outside the U.S. Further, the company projects gross margin, excluding currency impacts, to surpass the high-end of its long-term target of 30-50 bps.
SG&A expense for the fiscal is estimated to increase in the mid-single digit range. Consequently, the company anticipates delivering another year of double-digit currency-neutral EBIT growth in fiscal 2018.
On a reported basis, the company expects currency to impact results in fiscal 2018 by nearly $700 million. Reported revenues for the fiscal are anticipated to increase in the mid-single digits, with gross margin contracting about 50 bps. Currency impacts on gross margin are expected to be higher in the first half of the fiscal.
Reported SG&A is anticipated in the mid-single digit range, including leadership and organizational realignment costs. Majority of these costs are expected to be incurred in the first half, with savings reinvested to aid growth of the company's new offense. Other income and expense, net of interest expense, is likely to be $30-$50 million expense, while effective tax rate is anticipated in the range of 16-18%.
In first-quarter fiscal 2018, the company expects reported revenue to be flat. Gross margin is forecasted to contract 150-180 bps due to currency headwinds. SG&A expense is anticipated in the mid single-digit range, while for other income, net of interest expense, the company expects expense of $10-$20 million.
Nike, Inc. Price, Consensus and EPS Surprise
Nike, Inc. Price, Consensus and EPS Surprise | Nike, Inc. Quote
Zacks Rank & Stock to Consider
NIKE currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same industry include Adidas AG ADDYY and Deckers Outdoor Corporation DECK , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Adidas, with long-term earnings per share growth rate of 26.5%, has surged 20.9% year to date.
Deckers has increased 13.8% in the last three months. The stock has a long-term growth rate of 9.8%.
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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Nike, Inc. (NKE): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Adidas AG (ADDYY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the same industry include Adidas AG ADDYY and Deckers Outdoor Corporation DECK , each carrying a Zacks Rank #2 (Buy). Deckers has increased 13.8% in the last three months. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Nike, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Better-ranked stocks in the same industry include Adidas AG ADDYY and Deckers Outdoor Corporation DECK , each carrying a Zacks Rank #2 (Buy). Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Nike, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers has increased 13.8% in the last three months.
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Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Nike, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same industry include Adidas AG ADDYY and Deckers Outdoor Corporation DECK , each carrying a Zacks Rank #2 (Buy). Deckers has increased 13.8% in the last three months.
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Better-ranked stocks in the same industry include Adidas AG ADDYY and Deckers Outdoor Corporation DECK , each carrying a Zacks Rank #2 (Buy). Deckers has increased 13.8% in the last three months. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Nike, Inc. (NKE): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report To read this article on Zacks.com click here.
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740fb9de-ff2d-49ca-b144-590a02e84fa5
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724447.0
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2017-06-29 00:00:00 UTC
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Notable Thursday Option Activity: BURL, HLF, DECK
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DECK
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https://www.nasdaq.com/articles/notable-thursday-option-activity-burl-hlf-deck-2017-06-29
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Burlington Stores Inc (Symbol: BURL), where a total of 10,500 contracts have traded so far, representing approximately 1.1 million underlying shares. That amounts to about 75.3% of BURL's average daily trading volume over the past month of 1.4 million shares. Especially high volume was seen for the $95 strike call option expiring July 21, 2017 , with 3,119 contracts trading so far today, representing approximately 311,900 underlying shares of BURL. Below is a chart showing BURL's trailing twelve month trading history, with the $95 strike highlighted in orange:
Herbalife Ltd. (Symbol: HLF) options are showing a volume of 7,285 contracts thus far today. That number of contracts represents approximately 728,500 underlying shares, working out to a sizeable 65.8% of HLF's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $72 strike put option expiring June 30, 2017 , with 1,083 contracts trading so far today, representing approximately 108,300 underlying shares of HLF. Below is a chart showing HLF's trailing twelve month trading history, with the $72 strike highlighted in orange:
And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,770 contracts thus far today. That number of contracts represents approximately 377,000 underlying shares, working out to a sizeable 64.8% of DECK's average daily trading volume over the past month, of 581,810 shares. Particularly high volume was seen for the $55 strike put option expiring December 15, 2017 , with 1,183 contracts trading so far today, representing approximately 118,300 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $55 strike highlighted in orange:
For the various different available expirations for BURL options , HLF 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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Particularly high volume was seen for the $55 strike put option expiring December 15, 2017 , with 1,183 contracts trading so far today, representing approximately 118,300 underlying shares of DECK. Below is a chart showing HLF's trailing twelve month trading history, with the $72 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,770 contracts thus far today. That number of contracts represents approximately 377,000 underlying shares, working out to a sizeable 64.8% of DECK's average daily trading volume over the past month, of 581,810 shares.
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Below is a chart showing HLF's trailing twelve month trading history, with the $72 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,770 contracts thus far today. That number of contracts represents approximately 377,000 underlying shares, working out to a sizeable 64.8% of DECK's average daily trading volume over the past month, of 581,810 shares. Particularly high volume was seen for the $55 strike put option expiring December 15, 2017 , with 1,183 contracts trading so far today, representing approximately 118,300 underlying shares of DECK.
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Particularly high volume was seen for the $55 strike put option expiring December 15, 2017 , with 1,183 contracts trading so far today, representing approximately 118,300 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $55 strike highlighted in orange: For the various different available expirations for BURL options , HLF options , or DECK options , visit StockOptionsChannel.com. Below is a chart showing HLF's trailing twelve month trading history, with the $72 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,770 contracts thus far today.
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Particularly high volume was seen for the $55 strike put option expiring December 15, 2017 , with 1,183 contracts trading so far today, representing approximately 118,300 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $55 strike highlighted in orange: For the various different available expirations for BURL options , HLF options , or DECK options , visit StockOptionsChannel.com. Below is a chart showing HLF's trailing twelve month trading history, with the $72 strike highlighted in orange: And Deckers Outdoor Corp. (Symbol: DECK) options are showing a volume of 3,770 contracts thus far today.
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430b879d-5776-4cdc-a85b-5c1e9a140072
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724448.0
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2017-06-27 00:00:00 UTC
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Why Is Deckers (DECK) Up 19.1% Since the Last Earnings Report?
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DECK
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https://www.nasdaq.com/articles/why-is-deckers-deck-up-19.1-since-the-last-earnings-report-2017-06-27
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nan
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nan
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A month has gone by since the last earnings report for Deckers Outdoor CorporationDECK . Shares have added about 19.1% in that time frame, outperforming the market.
Will the recent positive trend continue leading up to the stock's next earnings release, or is it 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 Q4 Earnings Estimates
Deckers Outdoor Corporation ended fiscal 2017 on a high note as this footwear and apparel retailer surprised investors by posting profit in the final quarter and beating the Zacks Consensus mark by a wide range. Top line also came ahead of our expectations, after missing the same in the preceding two quarters.
Deckers posted fourth-quarter adjusted earnings of $0.11 per share that surpassed the Zacks Consensus Estimate of loss of $0.06 and also management's earlier projection of break-even to a loss of $0.10. The quarterly earnings remained flat year over year. The company's cost containment efforts led to improved bottom-line performance.
Net sales came in at $369.5 million, down 2.4% year over year but beat the Zacks Consensus Estimate of $359 million. The company had earlier anticipated net sales to decline by 5-6% for the quarter under review. On a constant currency basis, net sales declined 1.5%.
Further, the company's domestic net sales declined 4.3% to $230 million in the reported quarter. On the contrary, international net sales jumped 0.9% to $139.5 million, while on a constant currency basis, the same climbed 4.1%.
Direct-to-consumer ("DTC") net sales advanced 3% to $150.4 million, while on a constant currency basis, sales increased 4.3%. DTC comparable sales remained flat year over year. Wholesale net sales in the reported quarter decreased 5.8% to $219.1 million, while on a constant currency basis, sales fell 5.2%.
Gross margin expanded 130 basis points to 46.7% due to improved input costs and supply chain optimization, partly offset by foreign currency headwinds.
Deckers is focused on expanding brand assortments, introducing a more innovative line of products, targeting consumers digitally via marketing and sturdy eCommerce along with optimizing omnichannel distribution. The company's omnichannel endeavors include Click & Collect, Infinite UGG and new UGG Rewards loyalty program.
Moreover, management 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 anticipates total sales of about $2 billion with operating margin of 13% by fiscal 2020.
With respect to the store fleet optimization plan that focuses on striking the right balance between digital and physical stores, Deckers 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.
Brand-wise Discussion
UGG brand net sales went down 1.1% to $243 million in the reported quarter. On a constant currency basis, sales improved 0.2%. Sales fell owing to lower domestic wholesale sales, partly offset by higher international wholesale and DTC sales.
Teva brand net sales plunged 13.3% to $51.3 million, while on a constant currency basis, the same declined 13.2%. Sales tumbled due to fall in wholesale sales worldwide, partly offset by higher DTC sales.
Net sales for the Sanuk brand, known for its exclusive sandals and shoes, dropped 16.1% year over year to $32.3 million on both a reported and constant currency basis. The decline in sales came on account of lower global wholesale and DTC sales.
Combined net sales of Deckers' Other brands came in at $42.9 million in the quarter, surging 21.2% year over year. On a constant currency basis, sales were up 22%. The increase in net sales was principally attributable to higher HOKA ONE ONE brand net sales that advanced 32.7%.
Other Financial Aspects
At the end of the quarter, Deckers had cash and cash equivalents of $291.8 million, short-term borrowings of $549,000 and shareholders' equity of $954.3 million. Inventories edged down 0.4% year over year to $298.9 million. Management projects capital expenditures of approximately $45 million for fiscal 2018 and expects to generate free cash flow of about $150 million.
Guidance
Deckers now expects fiscal 2018 net sales to be flat to down 2% and projects adjusted earnings between $3.95 and $4.15 per share. Gross margin for the fiscal year is anticipated to be 47.5%. Further, SG&A expense as a percentage of sales is anticipated to be nearly 37%.
Management expects UGG brand sales to be down 1-3%; HOKA brand sales to be up approximately 20-25%; Teva brand sales to be up 1-5%, Sanuk brand sales to be down 5-10%, and Koolaburra brand sales to be approximately between $13 million and $16 million.
In the first quarter, net sales are estimated to up low single digits. Management envisions loss per share of approximately $1.70-$1.65 compared with loss of $1.80 delivered in the year-ago period.
How Have Estimates Been Moving Since Then?
Following the release, investors have witnessed an upward trend in fresh estimates. There have been four revisions higher for the current quarter
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote
VGM Scores
At this time, Deckers' stock has a nice Growth Score of 'B', a grade with the same score on the momentum front. Following the exact same course, the stock was allocated also a grade of 'B' on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'A'. If you aren't focused on one strategy, this score is the one you should be interested in.
Based on our scores, the stock is equally suitable for value, growth, and momentum investors.
Outlook
While estimates have been trending upward for the stock, the magnitude of these revisions looks promising. It comes with little surprise shares of the company have a Zacks Rank #2 (Buy). We are expecting 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 a more innovative line of products, targeting consumers digitally via marketing and sturdy eCommerce along with optimizing omnichannel distribution. A month has gone by since the last earnings report for Deckers Outdoor CorporationDECK . Deckers Beats Q4 Earnings Estimates Deckers Outdoor Corporation ended fiscal 2017 on a high note as this footwear and apparel retailer surprised investors by posting profit in the final quarter and beating the Zacks Consensus mark by a wide range.
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There have been four revisions higher for the current quarter Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote VGM Scores At this time, Deckers' stock has a nice Growth Score of 'B', a grade with the same score on the momentum front. A month has gone by since the last earnings report for Deckers Outdoor CorporationDECK . Deckers Beats Q4 Earnings Estimates Deckers Outdoor Corporation ended fiscal 2017 on a high note as this footwear and apparel retailer surprised investors by posting profit in the final quarter and beating the Zacks Consensus mark by a wide range.
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There have been four revisions higher for the current quarter Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote VGM Scores At this time, Deckers' stock has a nice Growth Score of 'B', a grade with the same score on the momentum front. A month has gone by since the last earnings report for Deckers Outdoor CorporationDECK . Deckers Beats Q4 Earnings Estimates Deckers Outdoor Corporation ended fiscal 2017 on a high note as this footwear and apparel retailer surprised investors by posting profit in the final quarter and beating the Zacks Consensus mark by a wide range.
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A month has gone by since the last earnings report for Deckers Outdoor CorporationDECK . Deckers Beats Q4 Earnings Estimates Deckers Outdoor Corporation ended fiscal 2017 on a high note as this footwear and apparel retailer surprised investors by posting profit in the final quarter and beating the Zacks Consensus mark by a wide range. Deckers posted fourth-quarter adjusted earnings of $0.11 per share that surpassed the Zacks Consensus Estimate of loss of $0.06 and also management's earlier projection of break-even to a loss of $0.10.
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1904030e-ddea-4042-905d-259cdd1108db
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724449.0
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2017-06-22 00:00:00 UTC
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Iconix Plunges 32% Year to Date: What's Hurting the Stock?
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DECK
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https://www.nasdaq.com/articles/iconix-plunges-32-year-to-date%3A-whats-hurting-the-stock-2017-06-22
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nan
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nan
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Iconix Brand Group, Inc .'s ICON performance has been disappointing lately due to its sluggish business segments. Evidently, shares of this Zacks Rank #4 (Sell) stock has been underperforming the Zacks categorized Shoes and Retail Apparel industry year to date. Shares of the company plunged 31.8% compared with the industry's gain of 3%.
Are sluggish business segments the only reason for this decline? Let's delve deeper into the factors that have been weighing down the performance of this brand management company.
Weak Segment Performance
Iconix has been delivering weak results, especially in the women's and men's segments for the last nine quarters. Revenues declined 12%, 20% and 8% at the women's, men's and international segments respectively in its first quarter of 2017 results. In the Men's segment, Starter brand has been downsized at Walmart stores which are majorly hurting Iconix's business. In the women's segment, major disappointments include Danskin, Mossimo and Ocean Pacific brands. Given the headwinds related to these brands, the women's segment is expected to be down year-over-year in 2017 as well.
Softer International Business
Iconix's international business has been reporting softer than expected results since past few months reflecting economic uncertainty across some of its regions. Though the company continues to make progress in expanding its International footprint and has been gaining momentum in Latin America with Direct-To-Retail agreements, they have been negated by foreign exchange movement, particularly in Mexico.
In the first quarter 2017, international revenues were down 8% despite double-digit revenue growth in the key regions of China, Brazil, Europe and India. The weakness arose due to the joint venture businesses in Canada and Southeast Asia. In fact, the company expects international revenues to be flat for the year.
Huge Debt Burden
Iconix has a huge debt burden and is thus looking to sell its brands to reduce the same. The divestment of non-core brands like Sharper Image, Badgley Mischka, Peanuts and Strawberry Shortcake are in-line with the company's focus to reduce its debt and reshuffle its portfolio.
To add to the weaknesses, Iconix's business is highly dependent on the health of the retail industry, as it doesn't manufacture anything and only licenses brands to other retailers.
Weak Sales Outlook; Estimates Moving South
Iconix reported weaker-than-expected first-quarter 2017 results, wherein earnings and revenues lagged the Zacks Consensus Estimate and declined year-over-year. In fact, the negative earnings surprise came in after outpacing the Zacks Consensus Estimate in all the four quarters of 2016. Consequent to such a performance, the company slashed its sales guidance expectation for 2017.
Estimates Moving South
Over the past sixty days, the Zacks Consensus Estimate for Iconix has gone down 3 cents to 19 cents. The same for the fiscal 2017 went down 9 cents to reach 78 cents.
Bottom Line
Though the company is working on new strategies, the turnaround might take more time. Hence, it may not be a wise decision to keep Iconix in your portfolio for the time being.
Other Key Picks
Investors can opt for better-ranked stocks such as Deckers Outdoor Corporation DECK , Hilton Worldwide Holdings Inc. HLT and Netflix, Inc. NFLX , all carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here.
Deckers has an average positive earnings surprise of 74.1% over the trailing four quarters and a long-term earnings growth rate of 9.8%.
Hilton Worldwide has an average positive earnings surprise of 9.9% over the trailing four quarters and a long-term earnings growth rate of 5.8%.
Netflix has an average positive earnings surprise of 117.7% over the trailing four quarters and a long-term earnings growth rate of 23.8%.
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Netflix, Inc. (NFLX): Free Stock Analysis Report
Hilton Worldwide Holdings Inc. (HLT): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): 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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Other Key Picks Investors can opt for better-ranked stocks such as Deckers Outdoor Corporation DECK , Hilton Worldwide Holdings Inc. HLT and Netflix, Inc. NFLX , all carrying a Zacks Rank #2 (Buy). Deckers has an average positive earnings surprise of 74.1% over the trailing four quarters and a long-term earnings growth rate of 9.8%. Click to get this free report Netflix, Inc. (NFLX): Free Stock Analysis Report Hilton Worldwide Holdings Inc. (HLT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): 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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Other Key Picks Investors can opt for better-ranked stocks such as Deckers Outdoor Corporation DECK , Hilton Worldwide Holdings Inc. HLT and Netflix, Inc. NFLX , all carrying a Zacks Rank #2 (Buy). Click to get this free report Netflix, Inc. (NFLX): Free Stock Analysis Report Hilton Worldwide Holdings Inc. (HLT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers has an average positive earnings surprise of 74.1% over the trailing four quarters and a long-term earnings growth rate of 9.8%.
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Click to get this free report Netflix, Inc. (NFLX): Free Stock Analysis Report Hilton Worldwide Holdings Inc. (HLT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Other Key Picks Investors can opt for better-ranked stocks such as Deckers Outdoor Corporation DECK , Hilton Worldwide Holdings Inc. HLT and Netflix, Inc. NFLX , all carrying a Zacks Rank #2 (Buy). Deckers has an average positive earnings surprise of 74.1% over the trailing four quarters and a long-term earnings growth rate of 9.8%.
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Other Key Picks Investors can opt for better-ranked stocks such as Deckers Outdoor Corporation DECK , Hilton Worldwide Holdings Inc. HLT and Netflix, Inc. NFLX , all carrying a Zacks Rank #2 (Buy). Deckers has an average positive earnings surprise of 74.1% over the trailing four quarters and a long-term earnings growth rate of 9.8%. Click to get this free report Netflix, Inc. (NFLX): Free Stock Analysis Report Hilton Worldwide Holdings Inc. (HLT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): 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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8b5c4878-3778-4f56-aaad-82bcbcccbe00
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724450.0
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2017-06-21 00:00:00 UTC
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3 Reasons Why Deckers Outdoor (DECK) is a Great Momentum Stock
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DECK
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https://www.nasdaq.com/articles/3-reasons-why-deckers-outdoor-deck-is-a-great-momentum-stock-2017-06-21
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nan
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nan
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Many investors like to look for momentum in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for momentum investors in the near term.
This method discovered several great candidates for momentum-oriented investors, but today let's focus in on Deckers Outdoor CorporationDECK as this stock is looking especially impressive right now. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for DECK's status as a solid momentum stock below:
Longer Term Price Change for Deckers Outdoor
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. That is why looking at longer term price metrics-such as performance over the past three months or year-- and comparing these to an industry at large can be very useful.
And in the case of DECK, the results are quite impressive. The company has beaten out the industry at large over the past 12 weeks by a margin of 14.8% to 2.9% while it has also outperformed when looking at the past year, putting up a gain of 18.5%. Clearly, DECK is riding a bit of a hot streak and is worth a closer look by investors.
Deckers Outdoor Corporation PE Ratio (TTM)
Deckers Outdoor Corporation PE Ratio (TTM) | Deckers Outdoor Corporation Quote
Quarter EPS Estimate Change for Deckers Outdoor Stock
While looking at price performance or full year earnings can be essential to understanding a momentum stock, you shouldn't forget about the current quarter EPS and the trend in estimates there. This change can signal how a stock might perform in the next earnings season which is obviously vital for momentum investors.
Right now, DECK is seeing a nice trend over the past month when it comes to this quarter's earnings estimate projections. In the time frame, EPS estimates for Deckers Outdoor have gone up by 3.6% compared to an industry average move of 0.00%, suggesting that not only is DECK heading in the right direction, but it is seeing an increase relative to the industry too.
DECK Earnings Estimate Revisions Moving in the Right Direction
While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends. A nice path here can really help to show us a promising stock, and we have actually been seeing that with DECK as of late too.
Over the past two months, seven earnings estimates have gone higher compared to none lower for the full year, while we are also seeing that four estimates have moved upwards with no downward revision for the next year time frame too. These revisions have helped to boost the consensus estimate as two months ago DECK was expected to post earnings of $3.73/share for the full year, though today it looks to have EPS of $4.08 for the full year now, representing a solid increase which is something that should definitely be welcomed news to would-be investors.
Bottom Line
Given these factors, investors shouldn't be surprised to note that we have DECK as a security with a Zacks Rank #2 (Buy) and a Momentum Score of 'A'. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
So if you are looking for a fresh pick that has potential to move in the right direction, definitely keep DECK on your short list as this looks be a stock that is very well-positioned to soar in the near term.
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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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Bottom Line Given these factors, investors shouldn't be surprised to note that we have DECK as a security with a Zacks Rank #2 (Buy) and a Momentum Score of 'A'. This method discovered several great candidates for momentum-oriented investors, but today let's focus in on Deckers Outdoor CorporationDECK as this stock is looking especially impressive right now. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for DECK's status as a solid momentum stock below: Longer Term Price Change for Deckers Outdoor While any stock can see a spike in price, it takes a real winner to consistently outperform the market.
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And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for DECK's status as a solid momentum stock below: Longer Term Price Change for Deckers Outdoor While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Deckers Outdoor Corporation PE Ratio (TTM) Deckers Outdoor Corporation PE Ratio (TTM) | Deckers Outdoor Corporation Quote Quarter EPS Estimate Change for Deckers Outdoor Stock While looking at price performance or full year earnings can be essential to understanding a momentum stock, you shouldn't forget about the current quarter EPS and the trend in estimates there. 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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And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for DECK's status as a solid momentum stock below: Longer Term Price Change for Deckers Outdoor While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Deckers Outdoor Corporation PE Ratio (TTM) Deckers Outdoor Corporation PE Ratio (TTM) | Deckers Outdoor Corporation Quote Quarter EPS Estimate Change for Deckers Outdoor Stock While looking at price performance or full year earnings can be essential to understanding a momentum stock, you shouldn't forget about the current quarter EPS and the trend in estimates there. DECK Earnings Estimate Revisions Moving in the Right Direction While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends.
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This method discovered several great candidates for momentum-oriented investors, but today let's focus in on Deckers Outdoor CorporationDECK as this stock is looking especially impressive right now. Deckers Outdoor Corporation PE Ratio (TTM) Deckers Outdoor Corporation PE Ratio (TTM) | Deckers Outdoor Corporation Quote Quarter EPS Estimate Change for Deckers Outdoor Stock While looking at price performance or full year earnings can be essential to understanding a momentum stock, you shouldn't forget about the current quarter EPS and the trend in estimates there. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for DECK's status as a solid momentum stock below: Longer Term Price Change for Deckers Outdoor While any stock can see a spike in price, it takes a real winner to consistently outperform the market.
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46cd232d-4f80-4cb0-a26c-76e8a3dfc86b
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724451.0
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2017-06-13 00:00:00 UTC
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Deckers (DECK) Up Post-Earnings: Will Momentum Last?
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DECK
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https://www.nasdaq.com/articles/deckers-deck-up-post-earnings%3A-will-momentum-last-2017-06-13
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nan
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Deckers Outdoor Corporation 's DECK shares surged roughly 24% since the company released its fourth-quarter fiscal 2017 earnings results. Shares of this Zacks Rank #2 (Buy) company grew 17% in the past month outperforming the Zacks categorized Shoe & Retail Apparel industry's increase of 1.3%.
So what's driving this sturdy performance? Let's have a look into the company's recently reported fourth quarter results and its operational strategies, for gaining a deeper insight regarding this momentum.
Factors Impacting Performance
The stock's surge was primarily driven by solid fourth quarter performance. This footwear and apparel retailer surprised investors by posting profit in the final quarter. Earnings for the quarter came in at 11 cents per share that surpassed the Zacks Consensus Estimate of a loss of 6 cents and management's earlier projection of a break-even to a loss of 10 cents.
Deckers' cost containment efforts had led to this improved bottom-line performance. The top line came ahead of our estimates, after missing the same in the preceding two quarters.
Improved performance of the company was driven by its well-thought strategies that include targeting profitable markets, focusing on product innovations and store augmentation. Deckers' inclination towards expanding its brand assortments, targeting consumers digitally via marketing and sturdy eCommerce and optimizing omni-channel distribution bodes well.
The company's store fleet optimization plan focuses on striking the right balance between digital and physical stores. Deckers plans to close approximately 30 to 40 outlets over the next two years. By fiscal 2020, it expects a company-owned fleet of approximately 125 stores worldwide.
After ending fiscal 2017 on a high note, management 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 anticipates total sales of about $2 billion with operating margin of 13% by fiscal 2020.
Despite a strong bottom line performance in the previous quarter, Deckers' top line continues to decline year over year and management now expects fiscal 2018 net sales to be flat to down 2%. The company's over-reliance on the UGG brand is a matter of concern and requires the company to undertake stringent efforts to strengthen its other brand.
Bottom Line
We believe that the company's strategic initiatives will propel the stock in the coming days. Influenced by strong fourth-quarter performance and its policies, the Zacks Consensus Estimate for the first quarter narrowed to a loss of $1.66 from $1.73. For fiscal 2018 the same improved by 31 cents to $4.08.
Deckers exhibits a VGM Score of "A" and has a long-term earnings growth rate of 9.8%, making us confident of the company's inherent strength.
Other Key Picks
Better-ranked stocks worth considering in the retail space include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and The Children's Place, Inc. PLCE . All these three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Aaron's has reported better-than-expected earnings in the trailing four quarters, with an average beat of 10.6%.
Best Buy has an impressive long-term earnings growth rate of 11.8% and has also surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average earnings beat of 33.8%.
The Children's Place has reported earnings beat in the trailing four quarters, with an average of 36.6%.
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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
Aaron's, Inc. (AAN): Free Stock Analysis Report
Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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' inclination towards expanding its brand assortments, targeting consumers digitally via marketing and sturdy eCommerce and optimizing omni-channel distribution bodes well. Deckers Outdoor Corporation 's DECK shares surged roughly 24% since the company released its fourth-quarter fiscal 2017 earnings results. Deckers' cost containment efforts had led to this improved bottom-line performance.
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Deckers Outdoor Corporation 's DECK shares surged roughly 24% since the company released its fourth-quarter fiscal 2017 earnings results. Despite a strong bottom line performance in the previous quarter, Deckers' top line continues to decline year over year and management now expects fiscal 2018 net sales to be flat to down 2%. Click to get this free report Aaron's, Inc. (AAN): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Despite a strong bottom line performance in the previous quarter, Deckers' top line continues to decline year over year and management now expects fiscal 2018 net sales to be flat to down 2%. Click to get this free report Aaron's, Inc. (AAN): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation 's DECK shares surged roughly 24% since the company released its fourth-quarter fiscal 2017 earnings results.
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Despite a strong bottom line performance in the previous quarter, Deckers' top line continues to decline year over year and management now expects fiscal 2018 net sales to be flat to down 2%. Click to get this free report Aaron's, Inc. (AAN): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation 's DECK shares surged roughly 24% since the company released its fourth-quarter fiscal 2017 earnings results.
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52048515-999c-4b80-9e2f-907bae1b4f34
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724452.0
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2017-06-08 00:00:00 UTC
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Why Deckers Outdoor Corp. Stock Jumped 16.4% in May
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DECK
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https://www.nasdaq.com/articles/why-deckers-outdoor-corp-stock-jumped-164-may-2017-06-08
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nan
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What happened
Shares of Deckers Outdoor Corporation (NYSE: DECK) climbed 16.4% in the month of May, according to data provided by S&P Global Market Intelligence , after the company announced strong fiscal fourth-quarter 2017 results.
So what
For the fiscal fourth quarter ended March 31, 2017, Deckers' revenue declined 2.4% year over year (down 1.5% at constant currency) to $369.5 million. On the bottom line, that translated to adjusted net income of $3.4 million, or $0.11 per share. Both figures were well above Wall Street's models, which called for revenue of $357.6 million to result in an adjusted net loss of $0.06 per share. Deckers stock subsequently climbed more than 16% in a single day following the surprise profit.
"Over the course of the last year, the organization has been hard at work identifying margin enhancing initiatives and detailing plans that significantly improve the profitability of the company," explained Deckers CEO Dave Powers. "We now anticipate that the $150 million cumulative savings plan announced in February 2017 will drive a $100 million operating profit improvement by fiscal year 2020."
Now what
In addition, Deckers anticipates revenue for the new 2018 fiscal year to be down 2% to flat from fiscal 2017, while adjusted earnings should be in the range of $3.95 to $4.15 (excluding charges related to store closures and restructuring initiatives). Analysts, on average, were expecting lower adjusted earnings of $3.79 per share.
All things considered, Deckers' results weren't exactly incredible. But they were better than the market had hoped, and it's hard to blame investors for bidding the stock up in response.
10 stocks we like better than Deckers Outdoor
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Steve Symington has no position in any 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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What happened Shares of Deckers Outdoor Corporation (NYSE: DECK) climbed 16.4% in the month of May, according to data provided by S&P Global Market Intelligence , after the company announced strong fiscal fourth-quarter 2017 results. "Over the course of the last year, the organization has been hard at work identifying margin enhancing initiatives and detailing plans that significantly improve the profitability of the company," explained Deckers CEO Dave Powers. So what For the fiscal fourth quarter ended March 31, 2017, Deckers' revenue declined 2.4% year over year (down 1.5% at constant currency) to $369.5 million.
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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 Shares of Deckers Outdoor Corporation (NYSE: DECK) climbed 16.4% in the month of May, according to data provided by S&P Global Market Intelligence , after the company announced strong fiscal fourth-quarter 2017 results. So what For the fiscal fourth quarter ended March 31, 2017, Deckers' revenue declined 2.4% year over year (down 1.5% at constant currency) to $369.5 million.
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What happened Shares of Deckers Outdoor Corporation (NYSE: DECK) climbed 16.4% in the month of May, according to data provided by S&P Global Market Intelligence , after the company announced strong fiscal fourth-quarter 2017 results. Now what In addition, Deckers anticipates revenue for the new 2018 fiscal year to be down 2% to flat from fiscal 2017, while adjusted earnings should be in the range of $3.95 to $4.15 (excluding charges related to store closures and restructuring initiatives). 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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* 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 Shares of Deckers Outdoor Corporation (NYSE: DECK) climbed 16.4% in the month of May, according to data provided by S&P Global Market Intelligence , after the company announced strong fiscal fourth-quarter 2017 results. So what For the fiscal fourth quarter ended March 31, 2017, Deckers' revenue declined 2.4% year over year (down 1.5% at constant currency) to $369.5 million.
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efc7ccc6-b9cf-473a-acdd-afd0e62dfa68
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724453.0
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2017-06-07 00:00:00 UTC
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Can The Uptrend Continue for Deckers Outdoor (DECK)?
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DECK
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https://www.nasdaq.com/articles/can-the-uptrend-continue-for-deckers-outdoor-deck-2017-06-07
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Investors certainly have to be happy with Deckers Outdoor Corp DECK and its short term performance. After all, the stock has jumped by 18.4% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DECK?
While we can never know for sure, it is pretty encouraging that estimates for DECK have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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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
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 certainly have to be happy with Deckers Outdoor Corp DECK and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DECK? While we can never know for sure, it is pretty encouraging that estimates for DECK have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way.
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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. Investors certainly have to be happy with Deckers Outdoor Corp DECK and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DECK?
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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. Investors certainly have to be happy with Deckers Outdoor Corp DECK and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DECK?
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Investors certainly have to be happy with Deckers Outdoor Corp DECK and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for DECK? While we can never know for sure, it is pretty encouraging that estimates for DECK have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way.
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d74cd6ca-36a2-4f8c-baa4-77799a3b76b0
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724454.0
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2017-06-05 00:00:00 UTC
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Deckers Hits a 52-Week High: A Must Have in Your Portfolio
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DECK
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https://www.nasdaq.com/articles/deckers-hits-a-52-week-high%3A-a-must-have-in-your-portfolio-2017-06-05
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nan
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With enhanced focus on developing innovative products and eCommerce capabilities coupled with better-than-expected fourth-quarter fiscal 2017 results, Deckers Outdoor CorporationDECK hit a 52-week high of $71.75 on Jun 2, before closing at $71.10.
This Zacks Rank #2 (Buy) returned 31.2% in the last three months, outperforming the Zacks categorized Shoes & Retail Apparel industry's decline of 5.3%. Deckers exhibits a VGM Score of "A" and has a long-term earnings growth rate of 9.8%, making us confident of the company's inherent strength.
This footwear and apparel retailer surprised investors by posting profit in the final quarter. Earnings for the quarter came in at 11 cents per share that surpassed the Zacks Consensus Estimate of a loss of 6 cents and also management's earlier projection of a break-even to a loss of 10 cents. The company's cost containment efforts improved its bottom-line performance. Influenced by these factors, the Zacks Consensus Estimate for the first quarter and fiscal 2018 has been trending upward.
The top line also came ahead of our estimates, after missing the same in the preceding two quarters. Management anticipates total sales of about $2 billion with operating margin of 13% by fiscal 2020, on the back of expanding its brand assortments, targeting consumers digitally via marketing and sturdy eCommerce, and optimizing omni-channel distribution. Management also expects cost savings of about $150 million supported by improvement in cost of goods sold and SG&A savings.
Further, the company's store fleet optimization plan focuses on striking the right balance between digital and physical stores. To do this, Deckers plans to close approximately 30 to 40 outlets over the next two years. By fiscal 2020, Deckers expects a company-owned fleet of approximately 125 stores worldwide. We believe that the company's strategic initiatives will help propel the stock in the coming days.
Other Key Picks
Investors may consider other favorably ranked stocks such as Best Buy Co., Inc. BBY , The Children's Place, Inc. PLCE and Big 5 Sporting Goods Corporation BGFV , each of them flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Best Buy has an average positive earnings surprise of 33.8% over the trailing four quarters and has a long-term earnings growth rate of 11.8%.
Children's Place has an average positive earnings surprise of 36.6% % over the trailing four quarters and has a long-term earnings growth rate of 8%.
Big 5 Sporting Goods has an average positive earnings surprise of 94.5% over the trailing four quarters and has a long-term earnings growth rate of 12%.
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Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Big 5 Sporting Goods Corporation (BGFV): 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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With enhanced focus on developing innovative products and eCommerce capabilities coupled with better-than-expected fourth-quarter fiscal 2017 results, Deckers Outdoor CorporationDECK hit a 52-week high of $71.75 on Jun 2, before closing at $71.10. Deckers exhibits a VGM Score of "A" and has a long-term earnings growth rate of 9.8%, making us confident of the company's inherent strength. To do this, Deckers plans to close approximately 30 to 40 outlets over the next two years.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. With enhanced focus on developing innovative products and eCommerce capabilities coupled with better-than-expected fourth-quarter fiscal 2017 results, Deckers Outdoor CorporationDECK hit a 52-week high of $71.75 on Jun 2, before closing at $71.10. Deckers exhibits a VGM Score of "A" and has a long-term earnings growth rate of 9.8%, making us confident of the company's inherent strength.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. With enhanced focus on developing innovative products and eCommerce capabilities coupled with better-than-expected fourth-quarter fiscal 2017 results, Deckers Outdoor CorporationDECK hit a 52-week high of $71.75 on Jun 2, before closing at $71.10. Deckers exhibits a VGM Score of "A" and has a long-term earnings growth rate of 9.8%, making us confident of the company's inherent strength.
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With enhanced focus on developing innovative products and eCommerce capabilities coupled with better-than-expected fourth-quarter fiscal 2017 results, Deckers Outdoor CorporationDECK hit a 52-week high of $71.75 on Jun 2, before closing at $71.10. Deckers exhibits a VGM Score of "A" and has a long-term earnings growth rate of 9.8%, making us confident of the company's inherent strength. To do this, Deckers plans to close approximately 30 to 40 outlets over the next two years.
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e8eb6cc4-3089-4f57-b930-769057bfb153
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724455.0
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2017-06-05 00:00:00 UTC
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Wal-Mart (WMT) New Delivery Program to Retain Store Workers
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DECK
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https://www.nasdaq.com/articles/wal-mart-wmt-new-delivery-program-to-retain-store-workers-2017-06-05
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nan
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Though Wal-Mart Stores, Inc.WMT has been working to boost its e-Commerce business, it wants to provide job assurance to its workers. Per media sources, the retail giant is testing a new program where store workers will deliver packages ordered online. The initiative will use blockchain technology that will ensure safety in its food supply chain. The program will be available in two New Jersey stores and in one Northwest Arkansas store.
We note that the company has been focused in training workers, who have helped to drive gains with improved customer service. The company has already invested $2.7 billion in employee training and wages in fiscal 2017.
Wal-Mart shares touched a 52-week high of $79.93 on Jun 2 and eventually closed at $79.62, following the news. In fact, the company's shares have been outperforming the Zacks categorized Retail-Supermarkets industry since the past one year. The stock rallied 12.1% in the past one year, outperforming the Zacks categorized industry's gain of 7.5%. We believe there is ample potential, which is quite evident from its Value Score of 'A', Growth Score of 'A' and Momentum Score of 'B', and VGM Score of 'A'.
What further makes us optimistic about its performance in the near term is its low beta of 0.30 and long-term earnings growth rate of 6.1%. Further, Wal-Mart posted positive earnings streak for the seventh consecutive quarter, including the recently reported first-quarter fiscal 2018 results.
We note that Wal-Mart has been taking several initiatives to understand the evolving needs of customers to regain their confidence and boost sales. The company has delivered positive comps in the U.S. in the last 11 quarters. Moreover, traffic improved for the 10th consecutive quarter, owing to the company's efforts to modernize stores for higher footfall and improvement in consumer spending.
Wal-Mart is also making huge investments in e-Commerce initiatives to compete with the biggest online retailer, Amazon.com AMZN . In this regard, the company continues to make huge investments in e-Commerce initiatives, including acquisitions. The company has undertaken three e-Commerce acquisitions, since the buyout of Jet.com, U.S. e-Commerce company, in Sep 2016. The Jet.com acquisition was a major step toward accelerating its online business. It offered customers a massive online marketplace where they can purchase items at discounted prices.
Despite the company's efforts to boost sales and regain investors' confidence, it still faces many headwinds, which are likely to impact earnings in the near term. Higher e-Commerce investments, declining international sales and currency headwinds are expected to impact results negatively.
Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise
Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise | Wal-Mart Stores, Inc. Quote
Zacks Rank and Key Picks
Wal-Mart currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the retail sector are The Children's Place, Inc. PLCE and Deckers Outdoor Corporation DECK . While Children's Place sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Children's Place has expected long-term earnings growth of 8.0%, whereas Deckers Outdoor has expected long-term earnings growth of 9.8% for the next three to five years.
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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
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Wal-Mart Stores, Inc. (WMT): 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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Some better-ranked stocks in the retail sector are The Children's Place, Inc. PLCE and Deckers Outdoor Corporation DECK . While Children's Place sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor carries a Zacks Rank #2 (Buy). Children's Place has expected long-term earnings growth of 8.0%, whereas Deckers Outdoor has expected long-term earnings growth of 9.8% for the next three to five years.
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Children's Place has expected long-term earnings growth of 8.0%, whereas Deckers Outdoor has expected long-term earnings growth of 9.8% for the next three to five years. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the retail sector are The Children's Place, Inc. PLCE and Deckers Outdoor Corporation DECK .
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Children's Place has expected long-term earnings growth of 8.0%, whereas Deckers Outdoor has expected long-term earnings growth of 9.8% for the next three to five years. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the retail sector are The Children's Place, Inc. PLCE and Deckers Outdoor Corporation DECK .
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Children's Place has expected long-term earnings growth of 8.0%, whereas Deckers Outdoor has expected long-term earnings growth of 9.8% for the next three to five years. Some better-ranked stocks in the retail sector are The Children's Place, Inc. PLCE and Deckers Outdoor Corporation DECK . While Children's Place sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor carries a Zacks Rank #2 (Buy).
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0c0b350b-9e62-4f29-b638-6b658f75cb2e
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724456.0
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2017-06-01 00:00:00 UTC
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Is Deckers Outdoor (DECK) a Great Stock for Value Investors?
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DECK
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https://www.nasdaq.com/articles/is-deckers-outdoor-deck-a-great-stock-for-value-investors-2017-06-01
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nan
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nan
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Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn't want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let's put Deckers Outdoor CorporationDECK stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:
PE Ratio
A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock's current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.
On this front, Deckers Outdoor has a trailing twelve months PE ratio of 19.00 as you can see in the chart below:
This level actually compares favorably with the market at large, as the PE for the S&P 500 stands at about 20.16. If we focus on the long-term PE trend, Deckers Outdoor's current PE level puts it current PE level puts it above its midpoint over the past five years, with the number having risen rapidly over the past few months.
Further, the stock's PE also compares favorably with the Zacks classified Shoes and Retail Apparel industry's trailing twelve months PE ratio, which stands at 20.70. At the very least, this indicates that the stock is undervalued right now, compared to its peers.
We should also point out that Deckers Outdoor has a forward PE ratio (price relative to this year's earnings) of just 16.77, so it is fair to say that a more value-oriented path may be ahead for DECK stock in the near term too.
P/S Ratio
Another key metric to note is the Price/Sales ratio. This approach compares a given stock's price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.
Right now, Deckers Outdoor has a P/S ratio of about 1.24, lower than the S&P 500 average, which comes in at 3.12 right now. Also, as we can see in the chart below, this is well below the highs for this stock in particular over the past few years.
If anything, this suggests some level of undervalued trading-at least compared to historical norms.
Broad Value Outlook
In aggregate, Deckers Outdoor currently has a Zacks Value Style Score of 'A', putting it into the top 20% of all stocks we cover from this look. This makes DECK a solid choice for value investors, and some of its other key metrics make this pretty clear too.
For example, the P/CF ratio (another great indicator of value) comes in at 3.39, which is far better than the industry average of 8.01. Clearly, DECK is a solid choice on the value front from multiple angles.
What About the Stock Overall?
Though Deckers Outdoor might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth grade of 'A' and a Momentum score of 'A'. This gives DECK a Zacks VGM score-or its overarching fundamental grade-of 'A'. (You can read more about the Zacks Style Scores here >> )
Meanwhile, the company's recent earnings estimates have been encouraging. The current year has seen five upward estimate revisions in the past sixty days compared to no downward revisions, while the next year estimate has seen three upward and no downward revision in the same time frame.
As a result, the current year consensus estimate has increased 8.9% in the past two months, while the next year estimate has gone up by 13.9%. You can see the consensus estimate trend and recent price action for the stock in the chart below:
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote
This positive trend signifies bullish analyst sentiment, and its Zacks Rank #2 (Buy) indicates robust fundamentals and expectations of outperformance in the near term.
Bottom Line
DECK is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. Furthermore, a robust industry rank (among the Top 40%) and a solid Zacks Rank instills investor confidence. However, it is hard to get too excited about this company overall as over the past one year, the Zacks Shoes and Retail Apparel industry has underperformed the broader market, as you can see below:
Despite the poor past performance of the industry, a good industry rank signals that the stock is likely to benefit from favorable broader factors in the immediate future. Add to this the positive estimate revisions and robust value metrics, and we believe that we have a strong value contender in Deckers Outdoor.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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We should also point out that Deckers Outdoor has a forward PE ratio (price relative to this year's earnings) of just 16.77, so it is fair to say that a more value-oriented path may be ahead for DECK stock in the near term too. Broad Value Outlook In aggregate, Deckers Outdoor currently has a Zacks Value Style Score of 'A', putting it into the top 20% of all stocks we cover from this look. Let's put Deckers Outdoor CorporationDECK stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short.
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If we focus on the long-term PE trend, Deckers Outdoor's current PE level puts it current PE level puts it above its midpoint over the past five years, with the number having risen rapidly over the past few months. You can see the consensus estimate trend and recent price action for the stock in the chart below: Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote This positive trend signifies bullish analyst sentiment, and its Zacks Rank #2 (Buy) indicates robust fundamentals and expectations of outperformance in the near term. Let's put Deckers Outdoor CorporationDECK stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short.
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Let's put Deckers Outdoor CorporationDECK stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. You can see the consensus estimate trend and recent price action for the stock in the chart below: Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor Corporation Quote This positive trend signifies bullish analyst sentiment, and its Zacks Rank #2 (Buy) indicates robust fundamentals and expectations of outperformance in the near term. On this front, Deckers Outdoor has a trailing twelve months PE ratio of 19.00 as you can see in the chart below: This level actually compares favorably with the market at large, as the PE for the S&P 500 stands at about 20.16.
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Let's put Deckers Outdoor CorporationDECK stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. On this front, Deckers Outdoor has a trailing twelve months PE ratio of 19.00 as you can see in the chart below: This level actually compares favorably with the market at large, as the PE for the S&P 500 stands at about 20.16. If we focus on the long-term PE trend, Deckers Outdoor's current PE level puts it current PE level puts it above its midpoint over the past five years, with the number having risen rapidly over the past few months.
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d4617341-18ca-47bf-b4dd-2aeb86dd15c9
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724457.0
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2017-05-30 00:00:00 UTC
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Company News for May 30, 2017
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DECK
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https://www.nasdaq.com/articles/company-news-for-may-30-2017-2017-05-30
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nan
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nan
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• Shares of Nutanix Inc NTNX increased 11.5% after reporting fiscal third quarter loss of $0.77 per share, narrower than the Zacks Consensus Estimate of a loss of $0.86
• Deckers Outdoor Corp's DECK shares climbed 18.8% after the company posted fiscal fourth-quarter adjusted earnings of $0.11 per share, in contrast to the Zacks Consensus Estimate of a loss of $0.06
• Shares of Big Lots, Inc. BIG gained 2.9% after reporting fiscal first-quarter adjusted earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1
• Marvell Technology Group's MRVL shares advanced 4.3% after posting fiscal first-quarter adjusted earnings of $0.20 per share, higher than the Zacks Consensus Estimate of $0.16
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
Nutanix Inc. (NTNX): Free Stock Analysis Report
Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report
Big Lots, Inc. (BIG): 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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• Shares of Nutanix Inc NTNX increased 11.5% after reporting fiscal third quarter loss of $0.77 per share, narrower than the Zacks Consensus Estimate of a loss of $0.86 • Deckers Outdoor Corp's DECK shares climbed 18.8% after the company posted fiscal fourth-quarter adjusted earnings of $0.11 per share, in contrast to the Zacks Consensus Estimate of a loss of $0.06 • Shares of Big Lots, Inc. BIG gained 2.9% after reporting fiscal first-quarter adjusted earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1 • Marvell Technology Group's MRVL shares advanced 4.3% after posting fiscal first-quarter adjusted earnings of $0.20 per share, higher than the Zacks Consensus Estimate of $0.16 Want the latest recommendations from Zacks Investment Research? Click to get this free report Nutanix Inc. (NTNX): Free Stock Analysis Report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report Big Lots, Inc. (BIG): 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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• Shares of Nutanix Inc NTNX increased 11.5% after reporting fiscal third quarter loss of $0.77 per share, narrower than the Zacks Consensus Estimate of a loss of $0.86 • Deckers Outdoor Corp's DECK shares climbed 18.8% after the company posted fiscal fourth-quarter adjusted earnings of $0.11 per share, in contrast to the Zacks Consensus Estimate of a loss of $0.06 • Shares of Big Lots, Inc. BIG gained 2.9% after reporting fiscal first-quarter adjusted earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1 • Marvell Technology Group's MRVL shares advanced 4.3% after posting fiscal first-quarter adjusted earnings of $0.20 per share, higher than the Zacks Consensus Estimate of $0.16 Want the latest recommendations from Zacks Investment Research? Click to get this free report Nutanix Inc. (NTNX): Free Stock Analysis Report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report Big Lots, Inc. (BIG): 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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• Shares of Nutanix Inc NTNX increased 11.5% after reporting fiscal third quarter loss of $0.77 per share, narrower than the Zacks Consensus Estimate of a loss of $0.86 • Deckers Outdoor Corp's DECK shares climbed 18.8% after the company posted fiscal fourth-quarter adjusted earnings of $0.11 per share, in contrast to the Zacks Consensus Estimate of a loss of $0.06 • Shares of Big Lots, Inc. BIG gained 2.9% after reporting fiscal first-quarter adjusted earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1 • Marvell Technology Group's MRVL shares advanced 4.3% after posting fiscal first-quarter adjusted earnings of $0.20 per share, higher than the Zacks Consensus Estimate of $0.16 Want the latest recommendations from Zacks Investment Research? Click to get this free report Nutanix Inc. (NTNX): Free Stock Analysis Report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report Big Lots, Inc. (BIG): 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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• Shares of Nutanix Inc NTNX increased 11.5% after reporting fiscal third quarter loss of $0.77 per share, narrower than the Zacks Consensus Estimate of a loss of $0.86 • Deckers Outdoor Corp's DECK shares climbed 18.8% after the company posted fiscal fourth-quarter adjusted earnings of $0.11 per share, in contrast to the Zacks Consensus Estimate of a loss of $0.06 • Shares of Big Lots, Inc. BIG gained 2.9% after reporting fiscal first-quarter adjusted earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1 • Marvell Technology Group's MRVL shares advanced 4.3% after posting fiscal first-quarter adjusted earnings of $0.20 per share, higher than the Zacks Consensus Estimate of $0.16 Want the latest recommendations from Zacks Investment Research? Click to get this free report Nutanix Inc. (NTNX): Free Stock Analysis Report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report Big Lots, Inc. (BIG): 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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d91906f2-cd8e-444c-af89-8abd436a92bf
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724458.0
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2017-05-26 00:00:00 UTC
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Futures Trim Losses As Q1 Growth Accelerates
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DECK
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https://www.nasdaq.com/articles/futures-trim-losses-q1-growth-accelerates-2017-05-26
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nan
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nan
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Futures trimmed some of their earlier losses on a much stronger-than-expected upward revision to Q1 GDP, but remain defensive as Wall Street assumes a risk-off posture ahead of the long holiday weekend. As Thursday's carnage in the oil market continues to reverberate, and investors cash in on this week's profits, Dow futures are trading 18 points below fair value into Friday's open.
Led by a 1.7% decline in transportation orders, durable goods orders were down 0.7%, less than the 1.0% decline Wall Street expected. Excluding the transportation sector, durable goods orders increased 0.4%, in-line with forecasts.
Also, the economy grew by a faster-than-expected annualized pace of 1.2% in the first quarter from the initial estimate of +0.7%, and above estimates for a revision to +0.8%. The price index was lowered to 2.2% from 2.3%.
At 10 a.m. ET, the University of Michigan will release its final consumer sentiment index for May, forecast to drop slightly to 97.6 from 97.7.
Overseas markets were mixed with the UK's FTSE-100 underpinned by a steep drop in the pound after polls showed Prime Minister Theresa May's Conservative Party losing ground ahead of the June 8 general election. Japan's Nikkei was pressured by both the freefall in oil Thursday as well as overnight gains in the yen, which pressured shares of Japanese exporters.
In commodities, oil futures are trending lower, the dollar is mixed, and gold is nearly $10 higher per ounce in concert with a risk-off trade in equities.
-Dow Jones Industrial down 0.09%
-S&P 500 futures down 0.10%
-Nasdaq 100 futures down 0.05%
SENTIMENT
Nikkei down 0.64%
Hang Seng up 0.03%
Shanghai Composite up 0.08%
FTSE-100 up 0.01%
DAX-30 down 0.61%
PRE-MARKET SECTOR WATCH
(-) Large cap tech: Lower
(-) Chip stocks: Lower
(-) Software stocks: Lower
(-) Hardware stocks: Lower
(+/-) Internet stocks: Mixed
(-) Oil stocks: Lower
(+/-) Biotech stocks: Mixed
(+/-) Drug stocks: Mixed
(-) Financial stocks: Lower
(+) Retail stocks: Higher
(-) Industrial stocks: Lower
(-) Airlines: Lower
(+/-) Autos: Mixed
UPSIDE MOVERS:
(+) NTNX (+15.32%) Reported better-than-expected Q3 results, issued strong Q4 guidance
(+) DECK (+12.25%) Reported strong Q4 results, issues upbeat guidance
(+) BIG (+6.26%) Beat Q1 EPS estimates, raised FY17 guidance
DOWNSIDE MOVERS:
(-) GME (-8.04%) Q1 EPS and sales fell from year ago period
(-) JKS (-5.78%) Downgraded at Morgan Stanley to underweight from overweigh
(-) TRGP (-4.44%) Announced 17 million offering of common shares
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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(+) NTNX (+15.32%) Reported better-than-expected Q3 results, issued strong Q4 guidance (+) DECK (+12.25%) Reported strong Q4 results, issues upbeat guidance (+) BIG (+6.26%) Beat Q1 EPS estimates, raised FY17 guidance Futures trimmed some of their earlier losses on a much stronger-than-expected upward revision to Q1 GDP, but remain defensive as Wall Street assumes a risk-off posture ahead of the long holiday weekend. As Thursday's carnage in the oil market continues to reverberate, and investors cash in on this week's profits, Dow futures are trading 18 points below fair value into Friday's open.
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(+) NTNX (+15.32%) Reported better-than-expected Q3 results, issued strong Q4 guidance (+) DECK (+12.25%) Reported strong Q4 results, issues upbeat guidance (+) BIG (+6.26%) Beat Q1 EPS estimates, raised FY17 guidance Led by a 1.7% decline in transportation orders, durable goods orders were down 0.7%, less than the 1.0% decline Wall Street expected. (-) Large cap tech: Lower (-) Chip stocks: Lower (-) Software stocks: Lower (-) Hardware stocks: Lower (+/-) Internet stocks: Mixed (-) Oil stocks: Lower (+/-) Biotech stocks: Mixed (+/-) Drug stocks: Mixed (-) Financial stocks: Lower (+) Retail stocks: Higher (-) Industrial stocks: Lower (-) Airlines: Lower (+/-) Autos: Mixed
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(+) NTNX (+15.32%) Reported better-than-expected Q3 results, issued strong Q4 guidance (+) DECK (+12.25%) Reported strong Q4 results, issues upbeat guidance (+) BIG (+6.26%) Beat Q1 EPS estimates, raised FY17 guidance (-) Large cap tech: Lower (-) Chip stocks: Lower (-) Software stocks: Lower (-) Hardware stocks: Lower (+/-) Internet stocks: Mixed (-) Oil stocks: Lower (+/-) Biotech stocks: Mixed (+/-) Drug stocks: Mixed (-) Financial stocks: Lower (+) Retail stocks: Higher (-) Industrial stocks: Lower (-) Airlines: Lower (+/-) Autos: Mixed (-) GME (-8.04%) Q1 EPS and sales fell from year ago period (-) JKS (-5.78%) Downgraded at Morgan Stanley to underweight from overweigh (-) TRGP (-4.44%) Announced 17 million offering of common shares The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(+) NTNX (+15.32%) Reported better-than-expected Q3 results, issued strong Q4 guidance (+) DECK (+12.25%) Reported strong Q4 results, issues upbeat guidance (+) BIG (+6.26%) Beat Q1 EPS estimates, raised FY17 guidance The price index was lowered to 2.2% from 2.3%. In commodities, oil futures are trending lower, the dollar is mixed, and gold is nearly $10 higher per ounce in concert with a risk-off trade in equities.
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9b62f0b3-f979-4dd8-8d0f-2539554f48fc
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724459.0
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2017-05-26 00:00:00 UTC
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Midday Update: Wall Street Treading Water With Downside Pressure Offset By Bullish Econ Data
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DECK
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https://www.nasdaq.com/articles/midday-update-wall-street-treading-water-downside-pressure-offset-bullish-econ-data-2017
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nan
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nan
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The major market average were stuck in neutral at midday on Friday as profit-taking pressure after this week's gains was mitigated by better-than-expected economic data. The energy sector remained defensive as aftershocks from Thursday's carnage continued to reverberate, while consumer stocks perked up on upbeat quarterly results from the retail segment this week.
The Dow, S&P 500 and Nasdaq are all expected to close the week with comfortable gains with the S&P and Nasdaq setting all-time highs.
The economy grew at an annualized pace of 1.2% last quarter, an upward revision from the anemic growth rate of 0.7% initially reported for Q1, and better than the 0.8% rate that the Street expected.
And although durable goods orders were down by 0.7% in April, it was less than the 1.0% estimated decline, and increased by 0.4% after the volatile transportation sector was excluded.
Additionally, consumer sentiment improved slightly in May as the final University of Michigan index for April was raised to 97.1 from 97.0 in April. This is, however, down from the preliminary read of 97.7, and missed expectations for a revision to 97.6.
European stocks were mixed at the close with the banking sector weighing on Euro-zone shares, but the UK's FTSE-100 getting a sizable boost from exporters on the recent decline in the pound.
The British currency was at its lowest level against the euro as polls showed Conservative's lead over the opposition party narrowing. Prime Minister Theresa May called for general elections last month in an effort to solidify her mandate as the country begins its divorce from the European Union. Although Tories are still in the lead, their lead over Labour has narrowed after both parties resumed their campaigning after the Manchester bombing this week.
Crude oil was up $0.31 to $49.22 per barrel. Natural gas was down $0.02 to $3.25 per 1 million BTU. Gold was up $9.80 to $1,269.50 an ounce, while silver was up $0.15 to $17.34 an ounce. Copper was down $0.03 to $2.57 per pound.
Among energy ETFs, the United States Oil Fund was up 1.20% to $10.16 with the United States Natural Gas Fund was down 0.54% to $7.36. Amongst precious-metal funds, the Market Vectors Gold Miners ETF was up 1.01% to 22.94 while SPDR Gold Shares were up 0.87% to $120.52. The iShares Silver Trust was up 1.08% to $16.40.
Here's where the markets stand at mid-day:
US MARKETS
NYSE Composite Index was down 9.86 points (-0.08%) to 11,629.44
Dow Jones Industrial Index was down 16.68 points (-0.08%) to 21,065.49
S&P 500 was down 1.15 points (-0.05%) to 2,413.95
Nasdaq Composite Index was down 0.05 points (-0.00%) to 6,205.21
GLOBAL SENTIMENT
FTSE 100 was up 30.54 points (+0.45%) to 7,551.35
DAX was down 28.37 points (-0.19%) to 12,597.19
CAC 40 was down 7.03 points (-0.10%) to 5,331.58
Nikkei 225 was down 126.29 points (-0.64%) to 19,686.84
Hang Seng Index was up 8.49 points (+0.03%) to 25,639.27
Shanghai China Composite Index was up 2.23 points (+0.07%) to 3,110.06
NYSE SECTOR INDICES
NYSE Energy Sector Index was down 3.45 points (-0.03%) to 10,401.83
NYSE Financial Sector Index was down 16.53 points (-0.23%) to 7,229.92
NYSE Healthcare Sector Index was down 17.64 points (-0.13%) to 13,253.43
UPSIDE MOVERS
(+) DECK (+16.46%) Reported strong Q4 results, issues upbeat guidance
(+) SINO (+10.71%) Signed two projects with Sinotrans Guangxi
(+) NTNX (+8.65%) Reported better-than-expected Q3 results, issued strong Q4 guidance
DOWNSIDE MOVERS
(-) JKS (-8.25%) Downgraded at Morgan Stanley to underweight from overweight
(-) GME (-6.86%) Q1 EPS and sales fell from year ago period
(-) TRGP (-2.29%) Announced 17 million offering of common shares
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.
|
(+) DECK (+16.46%) Reported strong Q4 results, issues upbeat guidance (+) SINO (+10.71%) Signed two projects with Sinotrans Guangxi (+) NTNX (+8.65%) Reported better-than-expected Q3 results, issued strong Q4 guidance The major market average were stuck in neutral at midday on Friday as profit-taking pressure after this week's gains was mitigated by better-than-expected economic data. The energy sector remained defensive as aftershocks from Thursday's carnage continued to reverberate, while consumer stocks perked up on upbeat quarterly results from the retail segment this week.
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(+) DECK (+16.46%) Reported strong Q4 results, issues upbeat guidance (+) SINO (+10.71%) Signed two projects with Sinotrans Guangxi (+) NTNX (+8.65%) Reported better-than-expected Q3 results, issued strong Q4 guidance Among energy ETFs, the United States Oil Fund was up 1.20% to $10.16 with the United States Natural Gas Fund was down 0.54% to $7.36. NYSE Energy Sector Index was down 3.45 points (-0.03%) to 10,401.83 NYSE Financial Sector Index was down 16.53 points (-0.23%) to 7,229.92 NYSE Healthcare Sector Index was down 17.64 points (-0.13%) to 13,253.43
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(+) DECK (+16.46%) Reported strong Q4 results, issues upbeat guidance (+) SINO (+10.71%) Signed two projects with Sinotrans Guangxi (+) NTNX (+8.65%) Reported better-than-expected Q3 results, issued strong Q4 guidance NYSE Composite Index was down 9.86 points (-0.08%) to 11,629.44 Dow Jones Industrial Index was down 16.68 points (-0.08%) to 21,065.49 S&P 500 was down 1.15 points (-0.05%) to 2,413.95 Nasdaq Composite Index was down 0.05 points (-0.00%) to 6,205.21 FTSE 100 was up 30.54 points (+0.45%) to 7,551.35 DAX was down 28.37 points (-0.19%) to 12,597.19 CAC 40 was down 7.03 points (-0.10%) to 5,331.58 Nikkei 225 was down 126.29 points (-0.64%) to 19,686.84 Hang Seng Index was up 8.49 points (+0.03%) to 25,639.27 Shanghai China Composite Index was up 2.23 points (+0.07%) to 3,110.06
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(+) DECK (+16.46%) Reported strong Q4 results, issues upbeat guidance (+) SINO (+10.71%) Signed two projects with Sinotrans Guangxi (+) NTNX (+8.65%) Reported better-than-expected Q3 results, issued strong Q4 guidance Among energy ETFs, the United States Oil Fund was up 1.20% to $10.16 with the United States Natural Gas Fund was down 0.54% to $7.36. Amongst precious-metal funds, the Market Vectors Gold Miners ETF was up 1.01% to 22.94 while SPDR Gold Shares were up 0.87% to $120.52.
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2173f3ca-89b2-433d-98fe-a9bbea4dff32
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724460.0
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2017-05-26 00:00:00 UTC
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Mid-Day Market Update: Nutanix Climbs After Strong Q3 Results; GameStop Shares Plummet
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DECK
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https://www.nasdaq.com/articles/mid-day-market-update-nutanix-climbs-after-strong-q3-results-gamestop-shares-plummet-2017
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Midway through trading Friday, the Dow traded down 0.02 percent to 21,079.50 while the NASDAQ climbed 0.08 percent to 6,210.05. The S&P also rose, gaining 0.04 percent to 2,416.08.
Leading and Lagging Sectors
Non-cyclical consumer goods & services sector was the top gainer in the US market on Friday.
In trading on Friday, healthcare shares fell 0.19 percent. Meanwhile, top losers in the sector included BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX ), down 12 percent, and Synergy Pharmaceuticals Inc (NASDAQ: SGYP ), down 5 percent.
Top Headline
Big Lots, Inc. (NYSE: BIG ) reported better-than-expected earnings for its first quarter and raised its FY17 outlook.
The big-box retailer said it earned $1.15 per share in the quarter on revenue of $1.297 billion. Analysts expected earnings of $0.99 per share on revenue of $1.31 billion.
Big Lots raised its FY17 earnings outlook to $4.05 to $4.20 per share, versus earlier forecast of $3.95 to $4.10 per share.
Equities Trading UP
Deckers Outdoor Corp (NYSE: DECK ) shares shot up 17 percent to $66.34 after the company posted a surprise profit for its fourth quarter and issued a strong forecast.
Shares of Nutanix Inc (NASDAQ: NTNX ) got a boost, shooting up 11 percent to $19.49 after the company reported better-than-expected results for its third quarter and issued a strong outlook for the current quarter.
AmTrust Financial Services Inc (NASDAQ: AFSI ) shares were also up, gaining 15 percent to $14.32 as the company disclosed that it will receive $300 million of common equity capital from private placement.
Equities Trading DOWN
Zoe's Kitchen Inc (NYSE: ZOES ) shares dropped 19 percent to $13.15. Zoe's Kitchen posted in-line Q1 profit, but sales missed estimates. The company also lowered its full-year sales outlook.
Shares of GameStop Corp. (NYSE: GME ) were down 7 percent to $22.04. GameStop reported stronger-than-expected results for its first quarter. However, the company reaffirmed its FY17 earnings outlook.
Gridsum Holding Inc - ADR (NASDAQ: GSUM ) was down, falling around 8 percent to $11.92. Gridsum reported a Q1 loss of $0.25 per share on sales of $14.6 million.
Commodities
In commodity news, oil traded up 0.72 percent to $49.25 while gold traded up 0.86 percent to $1,270.50.
Silver traded up 0.85 percent Friday to $17.34, while copper fell 0.90 percent to $2.574.
Eurozone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.20 percent, the Spanish Ibex Index fell 0.46 percent, while Italy's FTSE MIB Index dropped 0.41 percent. Meanwhile the German DAX declined 0.27 percent, and the French CAC 40 fell 0.13 percent while U.K. shares rose 0.39 percent.
Economics
U.S. durable-goods orders declined 0.7 percent for April, versus economists' expectations for a 1 percent drop.
The U.S. economy expanded at an annual pace of 1.2 percent for the first quarter, versus original estimate of 0.7 percent growth. Economists were expecting a 0.9 percent growth for the quarter.
The University of Michigan's consumer sentiment index declined to 97.10 in May, versus a prior reading of 97.70. Economists were expecting a reading of 97.50.
The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
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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Equities Trading UP Deckers Outdoor Corp (NYSE: DECK ) shares shot up 17 percent to $66.34 after the company posted a surprise profit for its fourth quarter and issued a strong forecast. AmTrust Financial Services Inc (NASDAQ: AFSI ) shares were also up, gaining 15 percent to $14.32 as the company disclosed that it will receive $300 million of common equity capital from private placement. The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m.
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Equities Trading UP Deckers Outdoor Corp (NYSE: DECK ) shares shot up 17 percent to $66.34 after the company posted a surprise profit for its fourth quarter and issued a strong forecast. Top Headline Big Lots, Inc. (NYSE: BIG ) reported better-than-expected earnings for its first quarter and raised its FY17 outlook. Big Lots raised its FY17 earnings outlook to $4.05 to $4.20 per share, versus earlier forecast of $3.95 to $4.10 per share.
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Equities Trading UP Deckers Outdoor Corp (NYSE: DECK ) shares shot up 17 percent to $66.34 after the company posted a surprise profit for its fourth quarter and issued a strong forecast. Shares of Nutanix Inc (NASDAQ: NTNX ) got a boost, shooting up 11 percent to $19.49 after the company reported better-than-expected results for its third quarter and issued a strong outlook for the current quarter. The eurozone's STOXX 600 fell 0.20 percent, the Spanish Ibex Index fell 0.46 percent, while Italy's FTSE MIB Index dropped 0.41 percent.
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Equities Trading UP Deckers Outdoor Corp (NYSE: DECK ) shares shot up 17 percent to $66.34 after the company posted a surprise profit for its fourth quarter and issued a strong forecast. Equities Trading DOWN Zoe's Kitchen Inc (NYSE: ZOES ) shares dropped 19 percent to $13.15. Gridsum reported a Q1 loss of $0.25 per share on sales of $14.6 million.
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b3c3e587-70c7-47a9-8375-7921357ce513
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724461.0
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2017-05-26 00:00:00 UTC
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Why Deckers Outdoor Corp. Stock Popped Today
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DECK
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https://www.nasdaq.com/articles/why-deckers-outdoor-corp-stock-popped-today-2017-05-26
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nan
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What happened
Shares of Deckers Outdoor Corp. (NYSE: DECK) were up 16.7% as of 10:44 a.m. EDT after the footwear designer and distributor announced a surprise profit and better-than-expected revenue for its fiscal fourth quarter of 2017.
So what
Quarterly revenue declined 2.4% year over year (or down 1.5% at constant currency) to $369.5 million, which translated to roughly flat adjusted earnings of $0.11 per share. Analysts, on average, were expecting an adjusted net loss of $0.06 per share on lower revenue of $357.6 million.
Deckers also provided an update on its cost-savings plan, telling investors that $150 million in cumulative savings coming from cost of sales improvements and reductions in sales, general, and administrative expenses should drive an operating profit improvement of $100 million by the end of fiscal 2020.
"I am proud of the work the team has accomplished, and I believe we have laid a solid foundation to execute on our savings plan," added Deckers CEO Dave Powers. "I am confident that these improvements will drive a significant increase in shareholder value over the long-term."
Now what
Finally, for the full fiscal year of 2018, Decker's expects revenue to be in the range of down 2% to flat over fiscal 2017, which should translate to adjusted earnings per diluted share of $3.95 to $4.15. By contrast, Wall Street was looking for lower fiscal 2018 adjusted earnings of $3.79 per share on a slight 0.2% decline in revenue.
This was a solid quarter from Deckers, despite its modest growth operating in a difficult market. As the company continues to drive improvements in profitability, it's no surprise to see Deckers stock up big today.
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Steve Symington has no position in any 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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What happened Shares of Deckers Outdoor Corp. (NYSE: DECK) were up 16.7% as of 10:44 a.m. EDT after the footwear designer and distributor announced a surprise profit and better-than-expected revenue for its fiscal fourth quarter of 2017. "I am proud of the work the team has accomplished, and I believe we have laid a solid foundation to execute on our savings plan," added Deckers CEO Dave Powers. Deckers also provided an update on its cost-savings plan, telling investors that $150 million in cumulative savings coming from cost of sales improvements and reductions in sales, general, and administrative expenses should drive an operating profit improvement of $100 million by the end of fiscal 2020.
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Now what Finally, for the full fiscal year of 2018, Decker's expects revenue to be in the range of down 2% to flat over fiscal 2017, which should translate to adjusted earnings per diluted share of $3.95 to $4.15. What happened Shares of Deckers Outdoor Corp. (NYSE: DECK) were up 16.7% as of 10:44 a.m. EDT after the footwear designer and distributor announced a surprise profit and better-than-expected revenue for its fiscal fourth quarter of 2017. Deckers also provided an update on its cost-savings plan, telling investors that $150 million in cumulative savings coming from cost of sales improvements and reductions in sales, general, and administrative expenses should drive an operating profit improvement of $100 million by the end of fiscal 2020.
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Deckers also provided an update on its cost-savings plan, telling investors that $150 million in cumulative savings coming from cost of sales improvements and reductions in sales, general, and administrative expenses should drive an operating profit improvement of $100 million by the end of fiscal 2020. Now what Finally, for the full fiscal year of 2018, Decker's expects revenue to be in the range of down 2% to flat over fiscal 2017, which should translate to adjusted earnings per diluted share of $3.95 to $4.15. 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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Now what Finally, for the full fiscal year of 2018, Decker's expects revenue to be in the range of down 2% to flat over fiscal 2017, which should translate to adjusted earnings per diluted share of $3.95 to $4.15. As the company continues to drive improvements in profitability, it's no surprise to see Deckers stock up big today. What happened Shares of Deckers Outdoor Corp. (NYSE: DECK) were up 16.7% as of 10:44 a.m. EDT after the footwear designer and distributor announced a surprise profit and better-than-expected revenue for its fiscal fourth quarter of 2017.
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0bb0903b-8cc7-47c6-a8b2-c83c1949a116
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724462.0
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2017-05-26 00:00:00 UTC
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Mid-Morning Market Update: Markets Mostly Flat; Big Lots Profit Beats Estimates
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DECK
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-mostly-flat-big-lots-profit-beats-estimates-2017-05-26
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nan
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nan
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Following the market opening Friday, the Dow traded down 0.05 percent to 21,072.82 while the NASDAQ climbed 0.03 percent to 6,207.40. The S&P also rose, gaining 0.01 percent to 2,415.12.
Leading and Lagging Sectors
Non-cyclical consumer goods & services sector was the top gainer in the US market on Friday.
In trading on Friday, Utilities shares fell 0.3 percent. Meanwhile, top losers in the sector included Targa Resources Corp (NYSE: TRGP ), down 3 percent, and National Fuel Gas Co. (NYSE: NFG ), down 1 percent.
Top Headline
Big Lots, Inc. (NYSE: BIG ) reported better-than-expected earnings for its first quarter and raised its FY17 outlook.
The big-box retailer said it earned $1.15 per share in the quarter on revenue of $1.297 billion. Analysts expected earnings of $0.99 per share on revenue of $1.31 billion.
Big Lots raised its FY17 earnings outlook to $4.05 to $4.20 per share, versus earlier forecast of $3.95 to $4.10 per share.
Equities Trading UP
Deckers Outdoor Corp (NYSE: DECK ) shares shot up 20 percent to $67.80 after the company posted a surprise profit for its fourth quarter and issued a strong forecast.
Shares of Nutanix Inc (NASDAQ: NTNX ) got a boost, shooting up 13 percent to $19.87 after the company reported better-than-expected results for its third quarter and issued a strong outlook for the current quarter.
AmTrust Financial Services Inc (NASDAQ: AFSI ) shares were also up, gaining 10 percent to $13.69 as the company disclosed that it will receive $300 million of common equity capital from private placement.
Equities Trading DOWN
Zoe's Kitchen Inc (NYSE: ZOES ) shares dropped 18 percent to $13.26. Zoe's Kitchen posted in-line Q1 profit, but sales missed estimates. The company also lowered its full-year sales outlook.
Shares of GameStop Corp. (NYSE: GME ) were down 9 percent to $21.59. GameStop reported stronger-than-expected results for its first quarter. However, the company reaffirmed its FY17 earnings outlook.
21Vianet Group Inc (NASDAQ: VNET ) was down, falling around 9 percent to $5.11. 21Vianet Group reported a Q1 loss of $0.10 per share on sales of $125.3 million.
Commodities
In commodity news, oil traded up 0.08 percent to $48.94 while gold traded up 0.72 percent to $1,268.90.
Silver traded up 0.39 percent Friday to $17.26, while copper fell 1.33 percent to $2.563.
Eurozone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.32 percent, the Spanish Ibex Index fell 0.73 percent, while Italy's FTSE MIB Index dropped 0.77 percent. Meanwhile the German DAX declined 0.37 percent, and the French CAC 40 fell 0.44 percent while U.K. shares rose 0.39 percent.
Economics
U.S. durable-goods orders declined 0.7 percent for April, versus economists' expectations for a 1 percent drop.
The U.S. economy expanded at an annual pace of 1.2 percent for the first quarter, versus original estimate of 0.7 percent growth. Economists were expecting a 0.9 percent growth for the quarter.
The University of Michigan's consumer sentiment index declined to 97.10 in May, versus a prior reading of 97.70. Economists were expecting a reading of 97.50.
The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
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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Equities Trading UP Deckers Outdoor Corp (NYSE: DECK ) shares shot up 20 percent to $67.80 after the company posted a surprise profit for its fourth quarter and issued a strong forecast. AmTrust Financial Services Inc (NASDAQ: AFSI ) shares were also up, gaining 10 percent to $13.69 as the company disclosed that it will receive $300 million of common equity capital from private placement. The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m.
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Equities Trading UP Deckers Outdoor Corp (NYSE: DECK ) shares shot up 20 percent to $67.80 after the company posted a surprise profit for its fourth quarter and issued a strong forecast. Top Headline Big Lots, Inc. (NYSE: BIG ) reported better-than-expected earnings for its first quarter and raised its FY17 outlook. Equities Trading DOWN Zoe's Kitchen Inc (NYSE: ZOES ) shares dropped 18 percent to $13.26.
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Equities Trading UP Deckers Outdoor Corp (NYSE: DECK ) shares shot up 20 percent to $67.80 after the company posted a surprise profit for its fourth quarter and issued a strong forecast. Shares of Nutanix Inc (NASDAQ: NTNX ) got a boost, shooting up 13 percent to $19.87 after the company reported better-than-expected results for its third quarter and issued a strong outlook for the current quarter. The eurozone's STOXX 600 fell 0.32 percent, the Spanish Ibex Index fell 0.73 percent, while Italy's FTSE MIB Index dropped 0.77 percent.
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Equities Trading UP Deckers Outdoor Corp (NYSE: DECK ) shares shot up 20 percent to $67.80 after the company posted a surprise profit for its fourth quarter and issued a strong forecast. Equities Trading DOWN Zoe's Kitchen Inc (NYSE: ZOES ) shares dropped 18 percent to $13.26. Economics U.S. durable-goods orders declined 0.7 percent for April, versus economists' expectations for a 1 percent drop.
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8dae6403-50df-43d8-aed6-c5d4fe7b60da
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724463.0
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2017-05-26 00:00:00 UTC
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What Happened in the Stock Market Today
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https://www.nasdaq.com/articles/what-happened-stock-market-today-2017-05-26
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nan
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Stocks were mixed on Friday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) indexes each moving less than 0.1%.
Today's stock market
Data source: Yahoo! Finance.
Financial stocks led the market in trading volumes, and the Financial Select Sector SPDR ETF (NYSEMKT: XLF) mimicked the broader market's flat result. Gold prices rose by nearly a full percentage point to help push the VanEck Vectors Gold Miners ETF (NYSEMKT: GDX) up 1%.
As for individual stocks, Deckers Outdoor (NYSE: DECK) and GameStop (NYSE: GME) saw heavy trading following the companies' quarterly earnings announcements.
Deckers Outdoor boosts profits
Deckers Outdoor stock jumped nearly 19% after the footwear specialist posted surprisingly strong results for its fiscal fourth quarter. The top- and bottom-line figures weren't especially impressive, with revenue falling 2.4% and adjusted earnings holding steady at $0.11 per share.
But the sales figure easily beat management's February forecast that predicted a drop of as much as 6%. The profit result also outpaced consensus estimates looking for a loss of $0.06 per share, due to a mix of cost cuts and improved pricing trends. "I am proud of the work the team has accomplished" in improving profitability, CEO Dave Powers said in a press release.
Gross profit margin jumped to 43% of sales from 40.9% as Deckers scaled back on its promotions. Its core brands -- including UGG, Teva, and Sanuk -- all experienced volume declines.
Powers and his team see room to cut $150 million out of its cost infrastructure over the next three fiscal years. The retailer might benefit from a sales turnaround, too, given that executives forecast modest revenue gains for the current quarter. The improving operating and financial trends could give executives added leverage in any buyout negotiations they conduct as they look for ways to maximize shareholder returns.
GameStop returns to growth
Shares of specialty retailer GameStop slipped 6% after the company announced fiscal first-quarter earnings in which sales growth returned amid declining profits. The revenue rebound came courtesy of healthy demand for new gaming consoles that offset declines in its software segment. GameStop also benefited from increases in its consumer products and collectibles divisions, two areas it sees as critical to its plan to diversify away from the shrinking market for physical video game discs. "Our first quarter results reflect the power of our leadership position within the video game market and our ongoing diversification efforts," CEO Paul Raines said in a press release.
The retailer still sees its comparable-store sales ranging between flat and a 5% decline in 2017 as earnings fall for the second straight year. Its nearly 7% dividend yield remains well covered both by earnings and cash flow. However, Wall Street chose to focus instead on GameStop's uncertain revenue outlook in an era of weakening customer traffic trends among major retailers.
Investors who are comfortable with that elevated risk might find the stock attractive given that it comes with one of the market's biggest dividend yields. GameStop is likely to post another year of declining top- and bottom-line numbers in 2017, but its results don't indicate the type of collapsing business that its valuation of just six times earnings would imply.
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* Stock Advisor returns as of 5/1/2017.
Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool owns shares of GameStop and has the following options: short July 2017 $24 calls on GameStop. 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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As for individual stocks, Deckers Outdoor (NYSE: DECK) and GameStop (NYSE: GME) saw heavy trading following the companies' quarterly earnings announcements. Deckers Outdoor boosts profits Deckers Outdoor stock jumped nearly 19% after the footwear specialist posted surprisingly strong results for its fiscal fourth quarter. Gross profit margin jumped to 43% of sales from 40.9% as Deckers scaled back on its promotions.
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As for individual stocks, Deckers Outdoor (NYSE: DECK) and GameStop (NYSE: GME) saw heavy trading following the companies' quarterly earnings announcements. Deckers Outdoor boosts profits Deckers Outdoor stock jumped nearly 19% after the footwear specialist posted surprisingly strong results for its fiscal fourth quarter. Gross profit margin jumped to 43% of sales from 40.9% as Deckers scaled back on its promotions.
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Deckers Outdoor boosts profits Deckers Outdoor stock jumped nearly 19% after the footwear specialist posted surprisingly strong results for its fiscal fourth quarter. As for individual stocks, Deckers Outdoor (NYSE: DECK) and GameStop (NYSE: GME) saw heavy trading following the companies' quarterly earnings announcements. Gross profit margin jumped to 43% of sales from 40.9% as Deckers scaled back on its promotions.
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The Motley Fool recommends Deckers Outdoor. As for individual stocks, Deckers Outdoor (NYSE: DECK) and GameStop (NYSE: GME) saw heavy trading following the companies' quarterly earnings announcements. Deckers Outdoor boosts profits Deckers Outdoor stock jumped nearly 19% after the footwear specialist posted surprisingly strong results for its fiscal fourth quarter.
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2017-05-26 00:00:00 UTC
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Deckers (DECK) Surges on Q4 Earnings Beat, Optimistic View
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DECK
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https://www.nasdaq.com/articles/deckers-deck-surges-on-q4-earnings-beat-optimistic-view-2017-05-26
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Deckers Outdoor CorporationDECK ended fiscal 2017 on a high note as this footwear and apparel retailer surprised investors by posting profit in the final quarter and beating the Zacks Consensus mark by a wide range. Top line also came ahead of our expectations, after missing the same in the preceding two quarters. Better-than-expected results and optimistic view about the new fiscal year were enough to propel the stock that surged 13% during after-market trading hours yesterday.
We noted that shares of this Goleta, CA-based company have increased about 21.7% in the past three months, outperforming the Zacks categorized Shoes & Retail Apparel industry's decline of 8.9%.
Deckers posted fourth-quarter adjusted earnings of 11 cents a share that surpassed the Zacks Consensus Estimate of loss of 6 cents and also management's earlier projection of break-even to a loss of 10 cents. The quarterly earnings remained flat year over year. The company's cost containment efforts led to improved bottom-line performance.
Net sales came in at $369.5 million, down 2.4% year over year but beat the Zacks Consensus Estimate of $359 million. The company had earlier anticipated net sales to decline by 5-6% for the quarter under review. On a constant currency basis, net sales declined 1.5%.
Direct-to-consumer ("DTC") net sales advanced 3% to $150.4 million, while on a constant currency basis, sales increased 4.3%. DTC comparable sales remained flat year over year. Wholesale net sales in the reported quarter decreased 5.8% to $219.1 million, while on a constant currency basis, sales fell 5.2%.
Gross margin expanded 130 basis points to 46.7% due to improved input costs and supply chain optimization, partly offset by foreign currency headwinds.
Deckers is focused on expanding brand assortments, introducing a more innovative line of products, targeting consumers digitally via marketing and sturdy eCommerce along with optimizing omnichannel distribution. The company's omnichannel endeavors include Click & Collect, Infinite UGG and new UGG Rewards loyalty program.
Moreover, management 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 anticipates total sales of about $2 billion with operating margin of 13% by fiscal 2020.
With respect to the store fleet optimization plan that focuses on striking the right balance between digital and physical stores, Deckers 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.
Brand-wise Discussion
UGG brand net sales went down 1.1% to $243 million in the reported quarter. On a constant currency basis, sales improved 0.2%. Sales fell owing to lower domestic wholesale sales, partly offset by higher international wholesale and DTC sales.
Teva brand net sales plunged 13.3% to $51.3 million, while on a constant currency basis, the same declined 13.2%. Sales tumbled due to fall in wholesale sales worldwide, partly offset by higher DTC sales.
Net sales for the Sanuk brand, known for its exclusive sandals and shoes, dropped 16.1% year over year to $32.3 million on both a reported and constant currency basis. The decline in sales came on account of lower global wholesale and DTC sales.
Combined net sales of Deckers' Other brands came in at $42.9 million in the quarter, surging 21.2% year over year. On a constant currency basis, sales were up 22%. The increase in net sales was principally attributable to higher HOKA ONE ONE brand net sales that advanced 32.7%.
Deckers Outdoor Corporation Price, Consensus and EPS Surprise
Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote
Other Financial Aspects
At the end of the quarter, Deckers had cash and cash equivalents of $291.8 million, short-term borrowings of $549,000 and shareholders' equity of $954.3 million. Inventories edged down 0.4% year over year to $298.9 million. Management projects capital expenditures of approximately $45 million for fiscal 2018 and expects to generate free cash flow of about $150 million.
Guidance
Deckers now expects fiscal 2018 net sales to be flat to down 2% and projects adjusted earnings between $3.95 and $4.15 per share. Gross margin for the fiscal year is anticipated to be 47.5%. Further, SG&A expense as a percentage of sales is anticipated to be nearly 37%.
Management expects UGG brand sales to be down 1-3%; HOKA brand sales to be up approximately 20-25%; Teva brand sales to be up 1-5%, Sanuk brand sales to be down 5-10%, and Koolaburra brand sales to be approximately between $13 million and $16 million.
In the first quarter, net sales are estimated to up low single digits. Management envisions loss per share of approximately $1.70-$1.65 compared with loss of $1.80 delivered in the year-ago period.
Zacks Rank
Deckers carries a Zacks Rank #3 (Hold). Investors may consider better-ranked stocks such as Best Buy Co., Inc. BBY , Burlington Stores, Inc. BURL and PVH Corp. PVH . All three of them carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Best Buy delivered an average positive earnings surprise of 33.8% in the trailing four quarters and has a long-term earnings growth rate of 10.8%.
Burlington Stores delivered an average positive earnings surprise of 22.6% in the trailing four quarters and has a long-term earnings growth rate of 15.9%.
PVH Corp. delivered an average positive earnings surprise of 6.5% in the trailing four quarters and has a long-term earnings growth rate of 10.7%.
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Burlington Stores, Inc. (BURL): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
PVH Corp. (PVH): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor CorporationDECK ended fiscal 2017 on a high note as this footwear and apparel retailer surprised investors by posting profit in the final quarter and beating the Zacks Consensus mark by a wide range. Deckers is focused on expanding brand assortments, introducing a more innovative line of products, targeting consumers digitally via marketing and sturdy eCommerce along with optimizing omnichannel distribution. Deckers posted fourth-quarter adjusted earnings of 11 cents a share that surpassed the Zacks Consensus Estimate of loss of 6 cents and also management's earlier projection of break-even to a loss of 10 cents.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote Other Financial Aspects At the end of the quarter, Deckers had cash and cash equivalents of $291.8 million, short-term borrowings of $549,000 and shareholders' equity of $954.3 million. Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK ended fiscal 2017 on a high note as this footwear and apparel retailer surprised investors by posting profit in the final quarter and beating the Zacks Consensus mark by a wide range.
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Deckers Outdoor Corporation Price, Consensus and EPS Surprise Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote Other Financial Aspects At the end of the quarter, Deckers had cash and cash equivalents of $291.8 million, short-term borrowings of $549,000 and shareholders' equity of $954.3 million. Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK ended fiscal 2017 on a high note as this footwear and apparel retailer surprised investors by posting profit in the final quarter and beating the Zacks Consensus mark by a wide range.
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Combined net sales of Deckers' Other brands came in at $42.9 million in the quarter, surging 21.2% year over year. Deckers Outdoor CorporationDECK ended fiscal 2017 on a high note as this footwear and apparel retailer surprised investors by posting profit in the final quarter and beating the Zacks Consensus mark by a wide range. Deckers posted fourth-quarter adjusted earnings of 11 cents a share that surpassed the Zacks Consensus Estimate of loss of 6 cents and also management's earlier projection of break-even to a loss of 10 cents.
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45d6df08-bf34-4007-b5c7-babd859c41fc
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724465.0
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2017-05-26 00:00:00 UTC
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Consumer Sector Update for 05/26/2017: ULTA,DECK,ZOES
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-05262017-ultadeckzoes-2017-05-26
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nan
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nan
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Top Consumer Stocks
WMT -0.24%
MCD ++0.14%
DIS +1.07%
CVS +0.89%
KO +0.01%
Consumer stocks were moderately higher today, with shares of consumer staples companies in the S&P 500 rising about 0.3% while shares of consumer discretionary firms in the S&P 500 also were adding about 0.3% in increased value.
In company news, Ulta Beauty ( ULTA ) climbed to a record high on Friday of $310.00 a share after last night dispatching analyst estimates with its Q1 financial results and raising its FY17 outlook while today picking up a slew of mostly positive analyst actions.
Excluding one-time items, the cosmetics and beauty products retailer earned $1.91 per share during the three months ended April 29, improving on a $1.45 per share non-GAAP profit during the same quarter last year and beating the Capital IQ consensus by $0.11 per share.
Revenue jumped 22.5% over year-ago levels to $1.31 billion, breezing past the analyst mean by around $30 million. Same-store sales grew 14.3% during the period, slowing slightly compared with its 15.2% increase last year. Analysts, on average, were expecting 11% year-over-year growth.
Following the upbeat forecast and results, BMO Capital raised its price target for Ulta stock by $50 to $345 a share. The Telsey Advisory Group boosted its price target by $40 to $360 a share while Stifel today added $15 to its price target, which now stands at $305 a share. Both BMO and Telsey kept their Outperform recommendations for the stock while Stifel maintained its Hold rating.
Buckingham Research took a different tack, however, lowering its rating for the company to Neutral from Buy. Price data estimates were not available.
In other sector news,
(+) DECK, Guides Q1 per-share earnings above the analyst mean, expecting a $1.70 to $1.65 per share net loss versus the $1.75 per share consensus. Also sees FY18 EPS between $3.95 to $4.15, also exceeding the. $3.79 per share Street view. Projected Q1, FY18 revenue in-line with expectations.
(-) ZOES, Adjusted Q1 EPS of $0.01 per share matches Street view. Revenue climbs 12.7% to $90.6 mln, missing the $92.61 mln consensus. Lowers projected FY17 revenue to a range of $314 mln to $322 mln from prior view expecting $325 mln to $327 mln, trailing analyst mean by at least $2.1 mln.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news, (+) DECK, Guides Q1 per-share earnings above the analyst mean, expecting a $1.70 to $1.65 per share net loss versus the $1.75 per share consensus. In company news, Ulta Beauty ( ULTA ) climbed to a record high on Friday of $310.00 a share after last night dispatching analyst estimates with its Q1 financial results and raising its FY17 outlook while today picking up a slew of mostly positive analyst actions. Same-store sales grew 14.3% during the period, slowing slightly compared with its 15.2% increase last year.
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In other sector news, (+) DECK, Guides Q1 per-share earnings above the analyst mean, expecting a $1.70 to $1.65 per share net loss versus the $1.75 per share consensus. In company news, Ulta Beauty ( ULTA ) climbed to a record high on Friday of $310.00 a share after last night dispatching analyst estimates with its Q1 financial results and raising its FY17 outlook while today picking up a slew of mostly positive analyst actions. Following the upbeat forecast and results, BMO Capital raised its price target for Ulta stock by $50 to $345 a share.
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In other sector news, (+) DECK, Guides Q1 per-share earnings above the analyst mean, expecting a $1.70 to $1.65 per share net loss versus the $1.75 per share consensus. Consumer stocks were moderately higher today, with shares of consumer staples companies in the S&P 500 rising about 0.3% while shares of consumer discretionary firms in the S&P 500 also were adding about 0.3% in increased value. Excluding one-time items, the cosmetics and beauty products retailer earned $1.91 per share during the three months ended April 29, improving on a $1.45 per share non-GAAP profit during the same quarter last year and beating the Capital IQ consensus by $0.11 per share.
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In other sector news, (+) DECK, Guides Q1 per-share earnings above the analyst mean, expecting a $1.70 to $1.65 per share net loss versus the $1.75 per share consensus. Following the upbeat forecast and results, BMO Capital raised its price target for Ulta stock by $50 to $345 a share. (-) ZOES, Adjusted Q1 EPS of $0.01 per share matches Street view.
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eafd9c2c-02c8-4a46-9f69-aa67c4bd6628
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724466.0
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2017-05-26 00:00:00 UTC
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Mid-Afternoon Market Update: Crude Oil Up 1.8%; Deckers Outdoor Shares Jump After Q1 Beat And Raise
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DECK
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https://www.nasdaq.com/articles/mid-afternoon-market-update-crude-oil-18-deckers-outdoor-shares-jump-after-q1-beat-and
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nan
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nan
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Toward the end of trading Friday, the Dow traded down 0.02 percent to 21,078.32 while the NASDAQ climbed 0.01 percent to 6,205.70. The S&P also rose, gaining 0.01 percent to 2,415.08.
Leading and Lagging Sectors
Non-cyclical consumer goods & services sector was the top gainer in the US market on Friday.
In trading on Friday, healthcare shares fell 0.32 percent. Meanwhile, top losers in the sector included BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX ), down 17 percent, and NewLink Genetics Corp (NASDAQ: NLNK ), down 7 percent.
Top Headline
Big Lots, Inc. (NYSE: BIG ) reported better-than-expected earnings for its first quarter and raised its FY17 outlook.
The big-box retailer said it earned $1.15 per share in the quarter on revenue of $1.297 billion. Analysts expected earnings of $0.99 per share on revenue of $1.31 billion.
Big Lots raised its FY17 earnings outlook to $4.05 to $4.20 per share, versus earlier forecast of $3.95 to $4.10 per share.
Equities Trading UP
Deckers Outdoor Corp (NYSE: DECK ) shares shot up 17 percent to $66.30 after the company posted a surprise profit for its fourth quarter and issued a strong forecast. The company also raised Q1 and FY 2018 EPS guidance.
Shares of Nutanix Inc (NASDAQ: NTNX ) got a boost, shooting up 12 percent to $19.61 after the company reported better-than-expected results for its third quarter and issued a strong outlook for the current quarter.
AmTrust Financial Services Inc (NASDAQ: AFSI ) shares were also up, gaining 13 percent to $14.01 as the company disclosed that it will receive $300 million of common equity capital from private placement.
Equities Trading DOWN
Zoe's Kitchen Inc (NYSE: ZOES ) shares dropped 14 percent to $13.87. Zoe's Kitchen posted in-line Q1 profit, but sales missed estimates. The company also lowered its full-year sales outlook.
Shares of GameStop Corp. (NYSE: GME ) were down 8 percent to $21.68. GameStop reported stronger-than-expected results for its first quarter. However, the company reaffirmed its FY17 earnings outlook.
Gridsum Holding Inc - ADR (NASDAQ: GSUM ) was down, falling around 8 percent to $11.85. Gridsum reported a Q1 loss of $0.25 per share on sales of $14.6 million.
Commodities
In commodity news, oil traded up 1.8 percent to $49.80 while gold traded up 1 percent to $1,272.40.
Silver traded up 0.94 percent Friday to $17.355, while copper fell 1.12 percent to $2.5685.
Eurozone
European shares closed mostly lower today. The eurozone's STOXX 600 fell 0.20 percent, the Spanish Ibex Index fell 0.31 percent, while Italy's FTSE MIB Index dropped 0.38 percent. Meanwhile the German DAX declined 0.15 percent, and the French CAC 40 fell 0.01 percent while U.K. shares rose 0.40 percent.
Economics
U.S. durable-goods orders declined 0.7 percent for April, versus economists' expectations for a 1 percent drop.
The U.S. economy expanded at an annual pace of 1.2 percent for the first quarter, versus original estimate of 0.7 percent growth. Economists were expecting a 0.9 percent growth for the quarter.
The University of Michigan's consumer sentiment index declined to 97.10 in May, versus a prior reading of 97.70. Economists were expecting a reading of 97.50.
The total number of active U.S. oil rigs rose by 7 to 908 rigs this week, Baker Hughes Inc reported.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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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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Equities Trading UP Deckers Outdoor Corp (NYSE: DECK ) shares shot up 17 percent to $66.30 after the company posted a surprise profit for its fourth quarter and issued a strong forecast. AmTrust Financial Services Inc (NASDAQ: AFSI ) shares were also up, gaining 13 percent to $14.01 as the company disclosed that it will receive $300 million of common equity capital from private placement. The University of Michigan's consumer sentiment index declined to 97.10 in May, versus a prior reading of 97.70.
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Equities Trading UP Deckers Outdoor Corp (NYSE: DECK ) shares shot up 17 percent to $66.30 after the company posted a surprise profit for its fourth quarter and issued a strong forecast. Top Headline Big Lots, Inc. (NYSE: BIG ) reported better-than-expected earnings for its first quarter and raised its FY17 outlook. Equities Trading DOWN Zoe's Kitchen Inc (NYSE: ZOES ) shares dropped 14 percent to $13.87.
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Equities Trading UP Deckers Outdoor Corp (NYSE: DECK ) shares shot up 17 percent to $66.30 after the company posted a surprise profit for its fourth quarter and issued a strong forecast. Shares of Nutanix Inc (NASDAQ: NTNX ) got a boost, shooting up 12 percent to $19.61 after the company reported better-than-expected results for its third quarter and issued a strong outlook for the current quarter. The eurozone's STOXX 600 fell 0.20 percent, the Spanish Ibex Index fell 0.31 percent, while Italy's FTSE MIB Index dropped 0.38 percent.
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Equities Trading UP Deckers Outdoor Corp (NYSE: DECK ) shares shot up 17 percent to $66.30 after the company posted a surprise profit for its fourth quarter and issued a strong forecast. The S&P also rose, gaining 0.01 percent to 2,415.08. Gridsum reported a Q1 loss of $0.25 per share on sales of $14.6 million.
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a8010897-1be7-4539-a256-0336f48150cc
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724467.0
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2017-05-26 00:00:00 UTC
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Friday Sector Leaders: Railroads, Textiles
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DECK
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https://www.nasdaq.com/articles/friday-sector-leaders-railroads-textiles-2017-05-26
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nan
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In trading on Friday, railroads shares were relative leaders, up on the day by about 1.4%. Leading the group were shares of Kansas City Southern Industries ( KSU ), up about 3.3% and shares of Norfolk Southern Corporation ( NSC ) up about 2.1% on the day.
Also showing relative strength are textiles shares, up on the day by about 1% as a group, led by Deckers Outdoor Corporation ( DECK ), trading up by about 17.8% and Steven Madden ( SHOO ), trading up by about 2.4% on Friday.
VIDEO: Friday Sector Leaders: Railroads, Textiles
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also showing relative strength are textiles shares, up on the day by about 1% as a group, led by Deckers Outdoor Corporation ( DECK ), trading up by about 17.8% and Steven Madden ( SHOO ), trading up by about 2.4% on Friday. In trading on Friday, railroads shares were relative leaders, up on the day by about 1.4%. VIDEO: Friday Sector Leaders: Railroads, Textiles The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also showing relative strength are textiles shares, up on the day by about 1% as a group, led by Deckers Outdoor Corporation ( DECK ), trading up by about 17.8% and Steven Madden ( SHOO ), trading up by about 2.4% on Friday. In trading on Friday, railroads shares were relative leaders, up on the day by about 1.4%. VIDEO: Friday Sector Leaders: Railroads, Textiles The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also showing relative strength are textiles shares, up on the day by about 1% as a group, led by Deckers Outdoor Corporation ( DECK ), trading up by about 17.8% and Steven Madden ( SHOO ), trading up by about 2.4% on Friday. Leading the group were shares of Kansas City Southern Industries ( KSU ), up about 3.3% and shares of Norfolk Southern Corporation ( NSC ) up about 2.1% on the day. VIDEO: Friday Sector Leaders: Railroads, Textiles The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also showing relative strength are textiles shares, up on the day by about 1% as a group, led by Deckers Outdoor Corporation ( DECK ), trading up by about 17.8% and Steven Madden ( SHOO ), trading up by about 2.4% on Friday. In trading on Friday, railroads shares were relative leaders, up on the day by about 1.4%. Leading the group were shares of Kansas City Southern Industries ( KSU ), up about 3.3% and shares of Norfolk Southern Corporation ( NSC ) up about 2.1% on the day.
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ea685114-b480-427b-8efe-05e4d920d003
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724468.0
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2017-05-26 00:00:00 UTC
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Consumer Sector Update for 05/26/2017: CAL,DECK,ZOES
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-05262017-caldeckzoes-2017-05-26
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nan
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nan
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Top Consumer Stocks
WMT -0.33%
MCD +0.03%
DIS +0.85%
CVS +0.63%
KO +0.04%
Consumer stocks were moderately higher Friday, with shares of consumer staples companies in the S&P 500 rising about 0.3% while shares of consumer discretionary firms in the S&P 500 were adding about 0.2% in increased value.
In company news, Caleres ( CAL ) climbed as much as 9% on Friday, topping out at $27.06 a share after the footwear seller previous known as Brown Shoe last night Q1 reported non-GAAP net income and sales exceeding Wall Street expectations.
Adjusted net income for the 13 weeks ended April 29 was $0.40 per share, declining a penny compared with the same quarter last year but still beating the Capital IQ consensus by $0.03 per share. Net sales increased 8% over the year-ago period to $631.5 million, topping the analyst mean looking for $621.31 million.
Looking forward, the company is projecting FY17 net income between $2.10 to $2.20 per share, in-line with the $2.17 per share consensus. It also sees net sales in a range of $2.7 billion to $2.8 billion, also matching the Street view expecting $2.78 billion.
In other sector news,
(+) DECK, (+16.0%) Guides Q1 per-share earnings above the analyst mean, expecting a $1.70 to $1.65 per share net loss versus the $1.75 per share consensus. Also sees FY18 EPS between $3.95 to $4.15, also exceeding the. $3.79 per share Street view. Projected Q1, FY18 revenue in-line with expectations.
(-) ZOES, (-15.6%) Adjusted Q1 EPS of $0.01 per share matches Street view. Revenue climbs 12.7% to $90.6 mln, missing the $92.61 mln consensus. Lowers projected FY17 revenue to a range of $314 mln to $322 mln from prior view expecting $325 mln to $327 mln, trailing analyst mean by at least $2.1 mln.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news, (+) DECK, (+16.0%) Guides Q1 per-share earnings above the analyst mean, expecting a $1.70 to $1.65 per share net loss versus the $1.75 per share consensus. In company news, Caleres ( CAL ) climbed as much as 9% on Friday, topping out at $27.06 a share after the footwear seller previous known as Brown Shoe last night Q1 reported non-GAAP net income and sales exceeding Wall Street expectations. Adjusted net income for the 13 weeks ended April 29 was $0.40 per share, declining a penny compared with the same quarter last year but still beating the Capital IQ consensus by $0.03 per share.
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In other sector news, (+) DECK, (+16.0%) Guides Q1 per-share earnings above the analyst mean, expecting a $1.70 to $1.65 per share net loss versus the $1.75 per share consensus. In company news, Caleres ( CAL ) climbed as much as 9% on Friday, topping out at $27.06 a share after the footwear seller previous known as Brown Shoe last night Q1 reported non-GAAP net income and sales exceeding Wall Street expectations. It also sees net sales in a range of $2.7 billion to $2.8 billion, also matching the Street view expecting $2.78 billion.
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In other sector news, (+) DECK, (+16.0%) Guides Q1 per-share earnings above the analyst mean, expecting a $1.70 to $1.65 per share net loss versus the $1.75 per share consensus. Consumer stocks were moderately higher Friday, with shares of consumer staples companies in the S&P 500 rising about 0.3% while shares of consumer discretionary firms in the S&P 500 were adding about 0.2% in increased value. In company news, Caleres ( CAL ) climbed as much as 9% on Friday, topping out at $27.06 a share after the footwear seller previous known as Brown Shoe last night Q1 reported non-GAAP net income and sales exceeding Wall Street expectations.
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In other sector news, (+) DECK, (+16.0%) Guides Q1 per-share earnings above the analyst mean, expecting a $1.70 to $1.65 per share net loss versus the $1.75 per share consensus. Top Consumer Stocks Looking forward, the company is projecting FY17 net income between $2.10 to $2.20 per share, in-line with the $2.17 per share consensus.
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f435e967-47e2-4f28-88c9-a5c47fcd7946
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724469.0
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2017-05-25 00:00:00 UTC
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Deckers Projects Higher Profits for 2018
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DECK
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https://www.nasdaq.com/articles/deckers-projects-higher-profits-2018-2017-05-25
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nan
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nan
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Footwear producer Deckers Outdoor (NYSE: DECK) has dealt with many of the same struggles as other companies in the retail sector. Despite the historical success of its Uggs line of boots, Deckers has had to search for ways to sustain its growth and remain profitable, and that's an especially tough challenge during seasonally slow months for its business.
Coming into Thursday's fiscal fourth-quarter financial report, Deckers investors fully expected that the company would suffer a modest loss, and see declines in its revenue. Yet Deckers did better than those expectations, actually turning an adjusted profit and projecting better results for the new fiscal year. Let's look more closely at Deckers and what its results say about its future.
Deckers puts in a solid performance
Deckers Outdoor's fiscal fourth-quarter results delivered on what most investors had wanted to see. Revenue slid by 2.4%, to $369.5 million, but that was less than half the decline that those following the stock were expecting from the shoe retailer.
Decker's GAAP net loss was only about half what it was in the previous year's fiscal fourth quarter, and after making allowances for extraordinary items, adjusted net income of $3.44 million worked out to $0.11 per share. That was flat from year-ago levels and far better than the consensus forecast for an adjusted loss of $0.06 per share.
Taking a closer look at the numbers, Deckers Outdoor made a lot of progress in controlling its cost of sales, as gross margin improved by more than 2 percentage points, to 43%. Reductions in promotional activity and improvements to Deckers' supply chain helped the results, offsetting some negative foreign-exchange impacts from a strong U.S. dollar. Operating expenses rose at a faster rate than sales, but much of the jump came from extraordinary restructuring and impairment charges.
Deckers' various brands performed in a fairly consistent manner with previous quarters. Sales of Uggs were down 1%, as the domestic wholesale business was weak enough that better performance internationally and in direct-to-consumer sales wasn't enough to offset the overall decline. Teva and Sanuk continued to be substantial drags on Deckers' performance, as both posted double-digit sales declines from year-ago levels. The only bright side came from the company's other brands category, where strength in the Hoka One One line was the biggest contributor to a 21% jump in segment revenue.
From a channel perspective, Deckers had a tough time with traditional retail distribution, seeing net sales fall almost 6% in the wholesale arena. Direct-to-consumer sales were up, but only by 3%, representing about two-fifths of total sales. International sales posted modest growth, but domestic weakness pulled the entire company's numbers downward.
What's ahead for Deckers?
CEO Dave Powers was thrilled with the internal efforts that Deckers has made to control costs. "Over the course of the past year," Powers said, "the organization has been hard at work identifying margin enhancing initiatives and detailing plans that significantly improve the profitability of the company." The CEO pointed to specific plans to produce between $100 million and $150 million in cost savings by fiscal 2020.
Those savings were just part of the relatively favorable guidance that Deckers gave investors. For the fiscal first quarter, which is historically extremely weak due to weather and shopping patterns, Deckers expects to lose $1.65 to $1.70 per share on an adjusted basis, but sales should climb by low-single-digit percentages from year-ago levels.
More encouraging was Deckers' full-year guidance for fiscal 2018. The shoe company expects sales to be flat to down 2%, but improving margin and expense figures should help Deckers produce adjusted earnings of $3.95 to $4.15 per share. That would represent growth of 3% to 9% from fiscal 2017's final numbers, and it would get Deckers back on target to return to a more sustainable growth path going forward.
Deckers shareholders were quite pleased with the news, and the stock jumped 13% in after-hours trading following the announcement. The turnaround isn't a sure thing just yet, but Deckers showed investors that it has made significant progress. If the company can sustain its forward momentum, then Deckers could see fundamental improvement continue into the coming fiscal year.
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Dan Caplinger has no position in any 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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Despite the historical success of its Uggs line of boots, Deckers has had to search for ways to sustain its growth and remain profitable, and that's an especially tough challenge during seasonally slow months for its business. For the fiscal first quarter, which is historically extremely weak due to weather and shopping patterns, Deckers expects to lose $1.65 to $1.70 per share on an adjusted basis, but sales should climb by low-single-digit percentages from year-ago levels. Footwear producer Deckers Outdoor (NYSE: DECK) has dealt with many of the same struggles as other companies in the retail sector.
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Taking a closer look at the numbers, Deckers Outdoor made a lot of progress in controlling its cost of sales, as gross margin improved by more than 2 percentage points, to 43%. The shoe company expects sales to be flat to down 2%, but improving margin and expense figures should help Deckers produce adjusted earnings of $3.95 to $4.15 per share. Footwear producer Deckers Outdoor (NYSE: DECK) has dealt with many of the same struggles as other companies in the retail sector.
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Deckers puts in a solid performance Deckers Outdoor's fiscal fourth-quarter results delivered on what most investors had wanted to see. For the fiscal first quarter, which is historically extremely weak due to weather and shopping patterns, Deckers expects to lose $1.65 to $1.70 per share on an adjusted basis, but sales should climb by low-single-digit percentages from year-ago levels. The shoe company expects sales to be flat to down 2%, but improving margin and expense figures should help Deckers produce adjusted earnings of $3.95 to $4.15 per share.
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Decker's GAAP net loss was only about half what it was in the previous year's fiscal fourth quarter, and after making allowances for extraordinary items, adjusted net income of $3.44 million worked out to $0.11 per share. The shoe company expects sales to be flat to down 2%, but improving margin and expense figures should help Deckers produce adjusted earnings of $3.95 to $4.15 per share. Footwear producer Deckers Outdoor (NYSE: DECK) has dealt with many of the same struggles as other companies in the retail sector.
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a56971d7-db2f-4d31-b3c2-53fdc2d3145b
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724470.0
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2017-05-25 00:00:00 UTC
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Earnings Reaction History: Deckers Outdoor Corporation, 33.3% Follow-Through Indicator, 8.0% Sensitive
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DECK
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https://www.nasdaq.com/articles/earnings-reaction-history-deckers-outdoor-corporation-333-follow-through-indicator-80
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nan
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nan
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Expected Earnings Release: 05/25/2017, After-hours
Avg. Extended-Hours Dollar Volume: $12,917,735
Deckers Outdoor Corporation ( DECK ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in DECK indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 33.3%
Average next regular session additional gain: 0.1%
Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 33.3% of the time (1 event) the stock posted additional gains in the following regular session by an average of 0.1%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 33.3%
Average next regular session additional loss: 6.1%
Over that same historical period, when shares of DECK dropped in the extended-hours in reaction to its earnings announcement, history shows that 33.3% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 6.1% by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
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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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 33.3% Average next regular session additional gain: 0.1% Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 33.3% of the time (1 event) the stock posted additional gains in the following regular session by an average of 0.1%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 33.3% Average next regular session additional loss: 6.1% Over that same historical period, when shares of DECK dropped in the extended-hours in reaction to its earnings announcement, history shows that 33.3% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 6.1% by the following regular session close. Extended-Hours Dollar Volume: $12,917,735 Deckers Outdoor Corporation ( DECK ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Historical earnings event related premarket and after-hours trading activity in DECK indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 33.3% Average next regular session additional gain: 0.1% Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 33.3% of the time (1 event) the stock posted additional gains in the following regular session by an average of 0.1%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 33.3% Average next regular session additional loss: 6.1% Over that same historical period, when shares of DECK dropped in the extended-hours in reaction to its earnings announcement, history shows that 33.3% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 6.1% by the following regular session close.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 33.3% Average next regular session additional gain: 0.1% Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 33.3% of the time (1 event) the stock posted additional gains in the following regular session by an average of 0.1%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 33.3% Average next regular session additional loss: 6.1% Over that same historical period, when shares of DECK dropped in the extended-hours in reaction to its earnings announcement, history shows that 33.3% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 6.1% by the following regular session close. Extended-Hours Dollar Volume: $12,917,735 Deckers Outdoor Corporation ( DECK ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Extended-Hours Dollar Volume: $12,917,735 Deckers Outdoor Corporation ( DECK ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Historical earnings event related premarket and after-hours trading activity in DECK indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 33.3% Average next regular session additional gain: 0.1% Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 33.3% of the time (1 event) the stock posted additional gains in the following regular session by an average of 0.1%.
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b39b518e-653d-4db2-b12e-e6f5473a3f51
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724471.0
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2017-05-25 00:00:00 UTC
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After-Hours Earnings Report for May 25, 2017 : COST, ULTA, SPLK, MRVL, VEEV, BRCD, GME, DECK, EGHT, CAL, QADA, VNET
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DECK
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https://www.nasdaq.com/articles/after-hours-earnings-report-may-25-2017-cost-ulta-splk-mrvl-veev-brcd-gme-deck-eght-cal
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The following companies are expected to report earnings after hours on 05/25/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Costco Wholesale Corporation ( COST ) is reporting for the quarter ending May 31, 2017. The discount retail company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.31. This value represents a 5.65% increase compared to the same quarter last year. The last two quarters COST had negative earnings surprises; the latest report they missed by -13.33%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for COST is 30.68 vs. an industry ratio of 20.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Ulta Beauty, Inc. ( ULTA ) is reporting for the quarter ending April 30, 2017. The retail company's consensus earnings per share forecast from the 15 analysts that follow the stock is $1.79. This value represents a 23.45% increase compared to the same quarter last year. In the past year ULTA has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 5.16%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ULTA is 34.80 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Splunk Inc. ( SPLK ) is reporting for the quarter ending April 30, 2017. The internet software company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.75. This value represents a 4.17% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2018 Price to Earnings ratio for SPLK is -27.92 vs. an industry ratio of 15.20.
Marvell Technology Group Ltd. ( MRVL ) is reporting for the quarter ending April 30, 2017. The telecommunications equipment company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.16. This value represents a 500.00% increase compared to the same quarter last year. In the past year MRVL and beat the expectations the other three quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for MRVL is 20.22 vs. an industry ratio of 27.40.
Veeva Systems Inc. ( VEEV ) is reporting for the quarter ending April 30, 2017. The internet software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.12. This value represents a 9.09% increase compared to the same quarter last year. In the past year VEEV has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 36.36%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for VEEV is 115.23 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Brocade Communications Systems, Inc. ( BRCD ) is reporting for the quarter ending April 30, 2017. The computer networks company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.01. This value represents a 94.44% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for BRCD is 252.80 vs. an industry ratio of 30.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Gamestop Corporation ( GME ) is reporting for the quarter ending April 30, 2017. The retail company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.49. This value represents a 25.76% decrease compared to the same quarter last year. In the past year GME has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 3.93%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for GME is 6.99 vs. an industry ratio of 25.00.
Deckers Outdoor Corporation ( DECK ) is reporting for the quarter ending March 31, 2017. The shoes & retail apparel company's consensus earnings per share forecast from the 10 analysts that follow the stock is $-0.06. This value represents a 154.55% decrease compared to the same quarter last year. DECK missed the consensus earnings per share in the 4th calendar quarter of 2016 by -3.07%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DECK is 16.64 vs. an industry ratio of 15.30, 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, 2017. The communications company's consensus earnings per share forecast from the 9 analysts that follow the stock is $-0.03. This value represents a no change for the same quarter last year. EGHT missed the consensus earnings per share in the 1st calendar quarter of 2016 by -50%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for EGHT is -655.00 vs. an industry ratio of -444.80.
Caleres, Inc. ( CAL ) is reporting for the quarter ending April 30, 2017. The shoes & retail apparel company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.36. This value represents a 12.20% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CAL is 11.44 vs. an industry ratio of 15.30.
QAD Inc. ( QADA ) is reporting for the quarter ending April 30, 2017. The business software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.13. This value represents a 7.14% increase compared to the same quarter last year. QADA missed the consensus earnings per share in the 2nd calendar quarter of 2016 by -55.56%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for QADA is -170.56 vs. an industry ratio of 61.30.
21Vianet Group, Inc. ( VNET ) is reporting for the quarter ending March 31, 2017. The internet services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.10. This value represents a 47.37% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for VNET is -18.70 vs. an industry ratio of -64.20, 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, 2017. DECK missed the consensus earnings per share in the 4th calendar quarter of 2016 by -3.07%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DECK is 16.64 vs. an industry ratio of 15.30, 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, 2017. DECK missed the consensus earnings per share in the 4th calendar quarter of 2016 by -3.07%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DECK is 16.64 vs. an industry ratio of 15.30, 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, 2017. DECK missed the consensus earnings per share in the 4th calendar quarter of 2016 by -3.07%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DECK is 16.64 vs. an industry ratio of 15.30, implying that they will have a higher earnings growth than their competitors in the same industry.
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DECK missed the consensus earnings per share in the 4th calendar quarter of 2016 by -3.07%. Deckers Outdoor Corporation ( DECK ) is reporting for the quarter ending March 31, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DECK is 16.64 vs. an industry ratio of 15.30, implying that they will have a higher earnings growth than their competitors in the same industry.
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7e21d07c-226c-41da-ba3e-f639c5c44f17
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724472.0
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2017-05-10 00:00:00 UTC
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Zacks Investment Ideas feature highlights: TrimTabs Float Shrink ETF, Deckers, BestBuy, Humana and Kroger
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DECK
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-trimtabs-float-shrink-etf-deckers-bestbuy
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For Immediate Release
Chicago, IL - May 10, 2017 - Today, Zacks Investment Ideas feature highlights Features: TrimTabs Float Shrink ETF (BATS: TTAC-Free Report ), Deckers (NYSE: DECK- Free Report ), BestBuy (NYSE: BBY- Free Report ), Humana (NYSE: HUM- Free Report ) and Kroger (NYSE: KR- Free Report ).
Free Cash Flow: An Overlooked Metric for Finding Stocks
Since the presidential election in 2016, U.S. stocks are posting a pretty solid performance including a roughly 13% gain for SPY. But while this double-digit percentage performance is quite impressive, there are plenty of funds that have easily beaten out this gain.
One that you might not be too familiar with, but has posted a 15% gain since the election, is the TrimTabs Float Shrink ETF (BATS: TTAC-Free Report ). This fund focuses on companies that are reducing their share count but are also generating free cash flow.
To get more information on this approach, I recently spoke with Ted Theodore, the Vice Chairman and CIO of TrimTabs, for some insights. In particular, we take a closer look at free cash flow and why focusing on this metric could be a good strategy for investors seeking quality stocks going forward (also read: Can Supply and Demand Help You Be a Better Investor? ).
What follows is the Q&A we had on the topic, which should hopefully give investors some insights into this process.
Eric Dutram: What is 'free cash flow' and why should investors put importance on this metric?
Ted Theodore: Free cash flow is derived in several steps. Changes in working capital are subtracted from operating earnings in order to focus on actual changes in cash balances of the company. Then the amounts shown as depreciation and amortization expense are added back because no cash was utilized for those items during the period.
The cash outlay for the items needing depreciation and/or amortization were actually incurred prior to the current period. These calculations result in "cash flow." The amount the company spent on capital expenditures in the period is also subtracted. This final number is called "free cash flow" as it means the company's cash balances reflect not only changes in cash from operations, but also takes into account the necessity of the company to provide for its future growth through capital investments.
In all regards, shareholder value is enhanced. Clearly, investors will have the sense of a much stronger, higher quality company where free cash flow is strong. Companies that generate strong free cash flows also can be potential takeover or merger candidates. In fact, one of our holdings - Swift Transportation - just announced a merger with another trucking company and the stock rose considerably after the announcement.
Investors should care about this because companies that can string together years of free cash flow growth are able to outpace the S&P 500. Unfortunately, those companies that have periods of sustained free cash flow declines see their stocks underperform the market.
Eric: What kinds of activities can companies engage in when they have strong free cash flows? Ted: The excess over free cash flow itself is available for any number of uses. Some of this amount can stay in the company and contribute to improving its fundamental balance between assets and liabilities. Some of the excess free cash flow can be used to acquire other companies and some of it can be returned to investors in the form of increased dividends.
Eric: Do you have any examples of companies with 'strong' or 'weak' free cash flow right now?
Ted: Two companies we own that have strong free cash flow are Deckers (NYSE: DECK- Free Report ) and BestBuy (NYSE: BBY- Free Report ). Interestingly they are both in the consumer sector that has been under pressure from online shopping. Each company however has been able to steadily increase their presence in that channel as well as provide stronger merchandising than their competitors.
At the other end of the spectrum, Humana (NYSE: HUM- Free Report ) and Kroger (NYSE: KR- Free Report ) are struggling with competitors as well, but the challenges are even more daunting. In the case of Humana, regulatory uncertainties are contributing to having to cover more contingencies than the company is likely to desire. Kroger competes in an environment of both declining food and staples prices as well as brand new kinds of competition even from the likes of Amazon and Walmart.
Eric: Are certain sectors/industries more (or less) prone to companies with strong free cash flows? Is a good free cash flow in one industry a poor one in another?
Ted: As it turns out, banks have historically chosen a particularly wide variety of ways to provide the basic accounting building blocks for calculating cash flow. While bank managers have been granted perfectly acceptable discretion to report in these different manners by their auditors, most other industries share common approaches to these values.
On the other hand, and except for banks, we have not found much industry bias in the calculation of free cash flow to either accept or eliminate them from consideration. For that reason, free cash flow is a particularly useful metric to separate good and bad performers within and between industries.
The actual portfolios are designed to equally weight each security at the time of purchase. Additionally, on average we invest in 100 companies. The resulting sector allocations just reflect these three guiding factors, rather than a top-down sector preference. As we use an equal weighting process with a large number of stocks, it is clear we want the benefits of diversification. But recognizing the chance that this approach could result in a truly unbalanced portfolio from a sector perspective, we actively monitor that bet. Yet, as implied here, it is a secondary consideration.
Eric: How might investors utilize this strategy in today's uncertain market environment?
Ted: While very few companies are completely isolated from the impact of the general environment for the economy, companies that have exhibited strong free cash flow have built something of a cushion should times become uncertain. These are companies likely to be relatively the last to feel an overall downturn.
Eric: How does a product like TTAC fit into an investor's portfolio?
Ted: Over the years our process implies the portfolios will likely have about the same risk as the market. And given the large number of stocks in the portfolio and the fact that they are not weighted by market capitalization, we tend to create returns which have similar risk to the overall market. So, we consider our strategy to fit into the "core" category rather than one of the satellite kind. But even with market risk, our emphasis on strong long term fundamentals, implemented with quantitative disciplines, gives the chance to outperform the broad market.
Be sure to follow me on Twitter: @BBolan1
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Brian Bolan is a Stock Strategist for Zacks.com.
He runs Stocks Under $10 Investor service where he looks for low priced stocks that are seeing positive earnings estimate revisions. This popular service has seen some strong early returns and offers a free trial via the Zacks Ultimate service.
Brian also runs the brand new Zacks Game Changers where he looks for stocks that are disrupting their industries and reaping big gains.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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TRIMTB-FLT SHRK (TTAC): ETF Research Reports
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Humana Inc. (HUM): Free Stock Analysis Report
Kroger Company (The) (KR): 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 - May 10, 2017 - Today, Zacks Investment Ideas feature highlights Features: TrimTabs Float Shrink ETF (BATS: TTAC-Free Report ), Deckers (NYSE: DECK- Free Report ), BestBuy (NYSE: BBY- Free Report ), Humana (NYSE: HUM- Free Report ) and Kroger (NYSE: KR- Free Report ). Ted: Two companies we own that have strong free cash flow are Deckers (NYSE: DECK- Free Report ) and BestBuy (NYSE: BBY- Free Report ). Click here for a peek at this private information>> Get the full Report on TTAC - FREE Get the full Report on DECK - FREE Get the full Report on BBY - FREE Get the full Report on HUM - FREE Get the full Report on KR - FREE Follow us on Twitter: https://twitter.com/ZacksResearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch 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.
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For Immediate Release Chicago, IL - May 10, 2017 - Today, Zacks Investment Ideas feature highlights Features: TrimTabs Float Shrink ETF (BATS: TTAC-Free Report ), Deckers (NYSE: DECK- Free Report ), BestBuy (NYSE: BBY- Free Report ), Humana (NYSE: HUM- Free Report ) and Kroger (NYSE: KR- Free Report ). Click here for a peek at this private information>> Get the full Report on TTAC - FREE Get the full Report on DECK - FREE Get the full Report on BBY - FREE Get the full Report on HUM - FREE Get the full Report on KR - FREE Follow us on Twitter: https://twitter.com/ZacksResearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch 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. Click to get this free report TRIMTB-FLT SHRK (TTAC): ETF Research Reports Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Humana Inc. (HUM): Free Stock Analysis Report Kroger Company (The) (KR): Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL - May 10, 2017 - Today, Zacks Investment Ideas feature highlights Features: TrimTabs Float Shrink ETF (BATS: TTAC-Free Report ), Deckers (NYSE: DECK- Free Report ), BestBuy (NYSE: BBY- Free Report ), Humana (NYSE: HUM- Free Report ) and Kroger (NYSE: KR- Free Report ). Click here for a peek at this private information>> Get the full Report on TTAC - FREE Get the full Report on DECK - FREE Get the full Report on BBY - FREE Get the full Report on HUM - FREE Get the full Report on KR - FREE Follow us on Twitter: https://twitter.com/ZacksResearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch 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. Click to get this free report TRIMTB-FLT SHRK (TTAC): ETF Research Reports Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Humana Inc. (HUM): Free Stock Analysis Report Kroger Company (The) (KR): Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL - May 10, 2017 - Today, Zacks Investment Ideas feature highlights Features: TrimTabs Float Shrink ETF (BATS: TTAC-Free Report ), Deckers (NYSE: DECK- Free Report ), BestBuy (NYSE: BBY- Free Report ), Humana (NYSE: HUM- Free Report ) and Kroger (NYSE: KR- Free Report ). Ted: Two companies we own that have strong free cash flow are Deckers (NYSE: DECK- Free Report ) and BestBuy (NYSE: BBY- Free Report ). Click here for a peek at this private information>> Get the full Report on TTAC - FREE Get the full Report on DECK - FREE Get the full Report on BBY - FREE Get the full Report on HUM - FREE Get the full Report on KR - FREE Follow us on Twitter: https://twitter.com/ZacksResearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch 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.
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4dd8fbfe-8647-4a24-9a0f-f2c145b57806
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724473.0
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2017-05-09 00:00:00 UTC
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What's in the Cards for Iconix (ICON) this Earnings Season?
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DECK
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https://www.nasdaq.com/articles/whats-in-the-cards-for-iconix-icon-this-earnings-season-2017-05-09
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nan
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Iconix Brand Group, Inc.ICON is slated to report first-quarter 2017 results on May 10, before the market opens. The question lingering in investors' minds is, whether this owner, licensor and marketer of a portfolio of consumer brands will be able to maintain its positive earnings surprise streak in the to-be-reported quarter. The company's earnings have outpaced the Zacks Consensus Estimate in each of the trailing four quarters by an average of 80%.
Let's delve deeper how things are shaping up for this announcement.
What Does the Zacks Model Unveil?
Our proven model does not show that Iconix 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 may uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Iconix Brand Group, Inc. Price, Consensus and EPS Surprise
Iconix Brand Group, Inc. Price, Consensus and EPS Surprise | Iconix Brand Group, Inc. Quote
Iconix has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are currently pegged at 23 cents. Although the company's Zacks Rank #3 increases the predictive power of ESP, but ESP of 0.00% makes surprise prediction difficult.
Which Way are Estimates Treading?
Let's look at the estimate revisions in order to get a clear picture of what analysts are thinking about the company right before earnings release. The Zacks Consensus Estimate for the first quarter and 2017 has been stable over the last 30 days. However, the current Zacks Consensus Estimate of 23 cents and 87 cents for the first quarter and 2017 are down from the earnings of 53 cents and $1.37 delivered in the year-ago periods, respectively.
Moreover, analysts polled by Zacks expect revenues of $88 million for the said quarter, down 7% from the year-ago quarter. Also, revenues for 2017 are projected to decline 4.6% to $351.7 million.
Factors Influencing the Quarter
Iconix has been divesting brands to manage its portfolio and spending resources on businesses that generate significant volume through both direct-to-retail (DTR) relationships and global networks. Further, the company is expanding its DTR licensing agreements as well as undertaking strategic partnerships and joint ventures. These agreements are expected to offset some of the challenges anticipated in 2017. For 2017, management expects its international business to grow similar to its global power brands and continue the expansion of the core brands.
However, it has been witnessing sluggishness in the women's and men's segments in the eight straight quarters now. Iconix expects headwinds like higher expenses and transition costs to hamper its profitability. Additionally, the company has been facing serious legal issues, which has dampened investors' confidence. A challenging retail environment and competitive pressure also remain concerns.
We note that shares of Iconix have plunged over 26% year to date, underperforming the Zacks categorized Shoes and Retail Apparel industry's gain of 5.3%. The industry is currently placed at bottom 25% of the Zacks Classified industries (192 out of 256).
Furthermore, Iconix forms part of the Consumer Discretionary sector that is currently placed at bottom 44% of the Zacks Classified sectors (9 out of 16). However, the earnings growth for the sector looks impressive, per the latest Earnings Preview . While earnings are estimated to improve 11.2%, revenues are projected to rise 11.4% in the first quarter.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Deckers Outdoor Corporation DECK has an Earnings ESP of +50.00% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Lululemon Athletica Inc. LULU has an Earnings ESP of +7.14% and a Zacks Rank #3.
Gildan Activewear Inc. GIL has an Earnings ESP of +2.08% and a Zacks Rank #3.
Zacks' Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private 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
lululemon athletica inc. (LULU): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report
Gildan Activewear, Inc. (GIL): 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 you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +50.00% and a Zacks Rank #2. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Gildan Activewear, Inc. (GIL): Free Stock Analysis Report To read this article on Zacks.com click here. The question lingering in investors' minds is, whether this owner, licensor and marketer of a portfolio of consumer brands will be able to maintain its positive earnings surprise streak in the to-be-reported quarter.
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Stocks Poised to Beat Earnings Estimates Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +50.00% and a Zacks Rank #2. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Gildan Activewear, Inc. (GIL): Free Stock Analysis Report To read this article on Zacks.com click here. Iconix Brand Group, Inc. Price, Consensus and EPS Surprise Iconix Brand Group, Inc. Price, Consensus and EPS Surprise | Iconix Brand Group, Inc. Quote Iconix has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are currently pegged at 23 cents.
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Stocks Poised to Beat Earnings Estimates Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +50.00% and a Zacks Rank #2. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Gildan Activewear, Inc. (GIL): Free Stock Analysis Report To read this article on Zacks.com click here. Iconix Brand Group, Inc. Price, Consensus and EPS Surprise Iconix Brand Group, Inc. Price, Consensus and EPS Surprise | Iconix Brand Group, Inc. Quote Iconix has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are currently pegged at 23 cents.
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Stocks Poised to Beat Earnings Estimates Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +50.00% and a Zacks Rank #2. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Iconix Brand Group, Inc. (ICON): Free Stock Analysis Report Gildan Activewear, Inc. (GIL): Free Stock Analysis Report To read this article on Zacks.com click here. The company's earnings have outpaced the Zacks Consensus Estimate in each of the trailing four quarters by an average of 80%.
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84405dd8-5ed5-43d3-9bca-e5e36f5f321f
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724474.0
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2017-05-09 00:00:00 UTC
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SodaStream International (SODA) Q1 Earnings: What's in Store?
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DECK
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https://www.nasdaq.com/articles/sodastream-international-soda-q1-earnings%3A-whats-in-store-2017-05-09
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nan
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nan
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SodaStream International Ltd.SODA is slated to report first-quarter 2017 results on May 10, before the opening bell.
Last quarter, the Israel-based manufacturer of household soda posted a positive earnings surprise of 129.0%. The company also clocked positive earnings surprises in each of the past four quarters, averaging 126.15%.
Let's see how things are shaping up prior to this announcement.
Factors to Consider
The growing popularity of sparkling water is driving SodaStream, as its cost effective beverage carbonation systems help consumers transform ordinary tap water into soft drinks and sparkling water. Sparkling water maker unit sales, which rose 22% in 2016, can be expected to increase further in the soon-to-be-reported quarter.
Given the current trend in the shift in consumer preferences away from sweetened beverages toward sparkling water, SodaStream is repositioning itself in order to capitalize on this growing demand. The Aqua Fizz launch marks SodaStream's strategic shift from sweetened beverages toward sparkling water.
However, currency translation is a major headwind since a large portion of its business is concentrated in Europe along with several other countries outside the U.S.
Notably, over the past 90 days, positive revisions have helped raise the consensus estimate by 15.2% for SodaStream to 38 cents per share in the to-be-reported quarter, reflecting an increase of over 31% on a year-over-year basis. Also, revenues are expected to rise 8.8% to $109.8 million in the quarter.
Earnings Whispers
Our proven model does not conclusively show that SodaStream is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: SodaStream has an Earnings ESP of 0.00%. That is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 38 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
SodaStream International Ltd. Price and EPS Surprise
SodaStream International Ltd. Price and EPS Surprise | SodaStream International Ltd. Quote
Zacks Rank: SodaStream has a Zacks Rank #3 which increases the predictive power of ESP. However, the company's 0.00% ESP makes surprise prediction difficult.
Meanwhile, we caution against stocks with Zacks Ranks #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies in the broader consumer discretionary sector you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Deckers Outdoor Corp. DECK , with an Earnings ESP of +50% and a Zacks Rank #2, is expected to report its quarterly results on May 25. YYou can see the complete list of today's Zacks #1 Rank stocks here .
Wolverine World Wide, Inc. WWW has an Earnings ESP of +3.23% and a Zacks Rank #3. It is expected to release its quarterly results on May 10.
Norwegian Cruise Line Holdings Ltd. NCLH has an Earnings ESP of +2.70% and a Zacks Rank #3. The company is expected to report its quarterly results on May 10.
Zacks' Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private 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
Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report
SodaStream International Ltd. (SODA): 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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Stocks to Consider Here are some companies in the broader consumer discretionary sector you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Deckers Outdoor Corp. DECK , with an Earnings ESP of +50% and a Zacks Rank #2, is expected to report its quarterly results on May 25. Click to get this free report Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report SodaStream International Ltd. (SODA): 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. Given the current trend in the shift in consumer preferences away from sweetened beverages toward sparkling water, SodaStream is repositioning itself in order to capitalize on this growing demand.
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Stocks to Consider Here are some companies in the broader consumer discretionary sector you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Deckers Outdoor Corp. DECK , with an Earnings ESP of +50% and a Zacks Rank #2, is expected to report its quarterly results on May 25. Click to get this free report Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report SodaStream International Ltd. (SODA): 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. SodaStream International Ltd. Price and EPS Surprise SodaStream International Ltd. Price and EPS Surprise | SodaStream International Ltd. Quote Zacks Rank: SodaStream has a Zacks Rank #3 which increases the predictive power of ESP.
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Stocks to Consider Here are some companies in the broader consumer discretionary sector you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Deckers Outdoor Corp. DECK , with an Earnings ESP of +50% and a Zacks Rank #2, is expected to report its quarterly results on May 25. Click to get this free report Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report SodaStream International Ltd. (SODA): 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. SodaStream International Ltd. Price and EPS Surprise SodaStream International Ltd. Price and EPS Surprise | SodaStream International Ltd. Quote Zacks Rank: SodaStream has a Zacks Rank #3 which increases the predictive power of ESP.
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Stocks to Consider Here are some companies in the broader consumer discretionary sector you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Deckers Outdoor Corp. DECK , with an Earnings ESP of +50% and a Zacks Rank #2, is expected to report its quarterly results on May 25. Click to get this free report Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report SodaStream International Ltd. (SODA): 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. Meanwhile, we caution against stocks with Zacks Ranks #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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83b34424-660b-40fc-9b29-ab833c0d48b0
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724475.0
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2017-05-05 00:00:00 UTC
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Discovery (DISCA) Q1 Earnings: Disappointment in Store?
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DECK
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https://www.nasdaq.com/articles/discovery-disca-q1-earnings%3A-disappointment-in-store-2017-05-05
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nan
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nan
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Silver Spring, MD-based Discovery Communications, Inc . DISCA is scheduled to report first-quarter 2017 results on May 9, before market opens.
In the last quarter, the company posted a positive earnings surprise of 9.80%. Moreover, the company's earnings surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 5.94%.
Of late, the company has been grappling with various issues as reflected by the fact that the Zacks Consensus Estimate has declined by 4 cents to 49 cents over the last 30 days. Further, shares of Discovery have lost 4.68%, significantly underperforming the Zacks categorized Broadcast Radio and Television sector which has gained the same in the last three months.
Factors at Play
We expect the company to face a few challenges in the first quarter. Foreign exchange-related headwinds are a major constraint. Consequently, the International Networks segment will be affected. This might hurt the top line significantly as a large portion of the revenues are generated from this segment.
Additionally, Discovery is suffering from customer concentration risks. In the U.S., the top 10 distributors accounted for nearly 90% of the company's total distribution revenues. Similarly, in international markets, the top 10 distributors generate more than 50% of the company's distribution revenues. Loss of any of these distributors will have a significant material impact on the company's finances.
However, we are impressed by Discovery's efforts to reward shareholders through buybacks. We note that Discovery has inked multiple deals to expand its reach.
Earnings Whispers
Our proven model does not conclusively show a beat for Discovery this earnings season. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, this is not the case here as elaborated below.
Zacks ESP: Discovery has an Earnings ESP of -8.16%. This is because the Most Accurate estimate is pegged at 45 cents while the Zacks Consensus Estimate is at 49 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Discovery has a Zacks Rank #4 (Sell). Please note that we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into an earnings announcement, especially when the company is seeing negative estimate revisions as is the case for Discovery.
Discovery Communications, Inc. Price and EPS Surprise
Discovery Communications, Inc. Price and EPS Surprise | Discovery Communications, Inc. Quote
Stock to Consider
Investors interested in the broader consumer discretionary sector may consider the following stocks as our model shows that these companies have the right combination of elements to post an earnings beat in their next releases.
Deckers Outdoor Corporation DECK has an earnings ESP of +50% and a Zacks Rank #3. The company is expected to release fourth-quarter fiscal 2017 results on May 25.
Laureate Education Inc. LAUR has an earnings ESP of +3.66% and a Zacks Rank #2. The company will report first-quarter 2017 results on May 11.
Marriott International MAR has an earnings ESP of +1.11% and a Zacks Rank #3. The company is slated to release first-quarter 2017 results on May 8.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them 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
Marriott International (MAR): Free Stock Analysis Report
Discovery Communications, Inc. (DISCA): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Laureate Education Inc. (LAUR): 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 +50% and a Zacks Rank #3. Click to get this free report Marriott International (MAR): Free Stock Analysis Report Discovery Communications, Inc. (DISCA): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Laureate Education Inc. (LAUR): Free Stock Analysis Report To read this article on Zacks.com click here. Further, shares of Discovery have lost 4.68%, significantly underperforming the Zacks categorized Broadcast Radio and Television sector which has gained the same in the last three months.
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Click to get this free report Marriott International (MAR): Free Stock Analysis Report Discovery Communications, Inc. (DISCA): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Laureate Education Inc. (LAUR): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has an earnings ESP of +50% and a Zacks Rank #3. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
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Click to get this free report Marriott International (MAR): Free Stock Analysis Report Discovery Communications, Inc. (DISCA): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Laureate Education Inc. (LAUR): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation DECK has an earnings ESP of +50% and a Zacks Rank #3. Please note that we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into an earnings announcement, especially when the company is seeing negative estimate revisions as is the case for Discovery.
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Deckers Outdoor Corporation DECK has an earnings ESP of +50% and a Zacks Rank #3. Click to get this free report Marriott International (MAR): Free Stock Analysis Report Discovery Communications, Inc. (DISCA): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Laureate Education Inc. (LAUR): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the company's earnings surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 5.94%.
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a76fa045-7174-4e88-96be-4e661246ab6c
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724476.0
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2017-05-04 00:00:00 UTC
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Is Sturm, Ruger (RGR) Set to Beat Again in Q1 Earnings?
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DECK
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https://www.nasdaq.com/articles/is-sturm-ruger-rgr-set-to-beat-again-in-q1-earnings-2017-05-04
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nan
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nan
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Sturm, Ruger & Company, Inc.RGR is scheduled to release first-quarter 2017 financial results on May 8.
In the prior quarter, the company reported a positive earnings surprise of 21.98%. Moreover, Strum, Ruger outperformed the Zacks Consensus Estimate in the trailing four quarters with an average earnings surprise of 24.01%.
Let's see how things are shaping up for the company prior to this announcement.
Why a Likely Positive Surprise?
Our proven model shows that Strum, Ruger is likely to beat earnings because it has the right combination of two key ingredients.
Zacks ESP: The company has an Earnings ESP of +5.10%. This is because the Most Accurate estimate stands at $1.03, higher than the Zacks Consensus Estimate of 98 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Sturm, Ruger & Company, Inc. Price and EPS Surprise
Sturm, Ruger & Company, Inc. Price and EPS Surprise | Sturm, Ruger & Company, Inc. Quote
Zacks Rank: Strum, Ruger carries a Zacks Rank #3 (Hold). Note that stocks with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 have a significantly higher chance of beating earnings estimates.
Notably, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Meanwhile, Strum, Ruger's combination of a Zacks Rank #3 and +5.10% ESP makes us reasonably certain of an earnings beat.
What's Driving the Better-Than-Expected Earnings?
During the first quarter, Strum, Ruger repurchased a total of 1.1 million shares of its common stock for $53.4 million. This shows the company's stable financial position. Moreover, it plans to invest $40 million in 2017, particularly in new product development. We believe that such investment strategy will be reflected in the upcoming first quarter results.
In recent times, management has observed many customers spending discretionary income on concealed carry products and modern sporting rifles. To benefit from the current situation, Strum, Ruger is shifting its focus to commercial sporting products. If the company manages to expand successfully in this business line, its benefit will get reflected in the yet-to-be-reported quarter's results.
However, this change in customer behaviour might lead to a decline in demand for its existing product line in the near term, resulting in a more challenging sell-through environment. This, in turn, may hurt the company's growth trajectory in the first quarter.
According to the FBI's National Instant Criminal Background Check System ("NICS"), first-quarter 2017's firearm background checks dropped 12.6 % from the year-ago quarter's equivalent figure. A drop in firearm background checks indicates a decline in demand for firearms. This could hurt sales growth for publicly traded gun manufacturers like Sturm Ruger, in the soon-to-be reported quarter.
The Zacks Consensus Estimate for first-quarter earnings for Sturm, Ruger is pegged at 98 cents a share, reflecting 19.01% year-over-year decline.
Other Stocks that Warrant a Look
Here are a few other stocks in the consumer discretionary space, which have the right combination of elements to post an earnings beat this quarter:
Deckers Outdoor Corporation DECK is expected to report its quarterly results on May 25. The company has an Earnings ESP of +50.00% and a Zacks Rank #3.
Marriott International MAR is expected to report quarterly results on May 8. The company has an Earnings ESP of +1.11% and a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here .
Norwegian Cruise Line Holdings Ltd NCLH is expected to report quarterly results on May 10. The company has an Earnings ESP of +2.70% and a Zacks Rank #3.
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
Marriott International (MAR): Free Stock Analysis Report
Sturm, Ruger & Company, Inc. (RGR): Free Stock Analysis Report
Norwegian Cruise Line Holdings Ltd. (NCLH): 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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Other Stocks that Warrant a Look Here are a few other stocks in the consumer discretionary space, which have the right combination of elements to post an earnings beat this quarter: Deckers Outdoor Corporation DECK is expected to report its quarterly results on May 25. Click to get this free report Marriott International (MAR): Free Stock Analysis Report Sturm, Ruger & Company, Inc. (RGR): Free Stock Analysis Report Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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Other Stocks that Warrant a Look Here are a few other stocks in the consumer discretionary space, which have the right combination of elements to post an earnings beat this quarter: Deckers Outdoor Corporation DECK is expected to report its quarterly results on May 25. Click to get this free report Marriott International (MAR): Free Stock Analysis Report Sturm, Ruger & Company, Inc. (RGR): Free Stock Analysis Report Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Sturm, Ruger & Company, Inc. Price and EPS Surprise Sturm, Ruger & Company, Inc. Price and EPS Surprise | Sturm, Ruger & Company, Inc. Quote Zacks Rank: Strum, Ruger carries a Zacks Rank #3 (Hold).
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Other Stocks that Warrant a Look Here are a few other stocks in the consumer discretionary space, which have the right combination of elements to post an earnings beat this quarter: Deckers Outdoor Corporation DECK is expected to report its quarterly results on May 25. Click to get this free report Marriott International (MAR): Free Stock Analysis Report Sturm, Ruger & Company, Inc. (RGR): Free Stock Analysis Report Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Sturm, Ruger & Company, Inc. Price and EPS Surprise Sturm, Ruger & Company, Inc. Price and EPS Surprise | Sturm, Ruger & Company, Inc. Quote Zacks Rank: Strum, Ruger carries a Zacks Rank #3 (Hold).
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Other Stocks that Warrant a Look Here are a few other stocks in the consumer discretionary space, which have the right combination of elements to post an earnings beat this quarter: Deckers Outdoor Corporation DECK is expected to report its quarterly results on May 25. Click to get this free report Marriott International (MAR): Free Stock Analysis Report Sturm, Ruger & Company, Inc. (RGR): Free Stock Analysis Report Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. In the prior quarter, the company reported a positive earnings surprise of 21.98%.
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906d67fb-cb86-443f-afa4-2b72c1bf8066
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724477.0
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2017-05-04 00:00:00 UTC
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Factors Likely to Influence Disney's (DIS) Earnings in Q2
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DECK
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https://www.nasdaq.com/articles/factors-likely-to-influence-disneys-dis-earnings-in-q2-2017-05-04
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nan
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nan
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Media giant The Walt Disney CompanyDIS is slated to report second-quarter fiscal 2017 results after the closing bell on May 9. In the previous quarter, the company had registered a positive earnings surprise of 4.7%. However, the company has lagged the Zacks Consensus Estimate in two out of the trailing four quarters, with an average earnings miss of 0.5%. Let's see how things are shaping up prior to this announcement.
What to Expect?
The question lingering in investors' minds now is whether Disney will be able to post positive earnings surprise in the quarter to be reported. The current Zacks Consensus Estimate for the quarter under review is pegged at $1.44, up over 6% year over year. We note that the Zacks Consensus Estimate has improved by a penny in the past 30 days. Analysts polled by Zacks expect revenues of $13,478 million, up nearly 4% from the year-ago quarter.
We noted that the stock has outperformed the Zacks categorized Media Conglomerates industry in the past six months. The company's shares have increased 18.2%, while the Zacks categorized industry has gained 11.7%.
Factors at Play
Sturdy movie business due to recent blockbusters and strong performance of its Parks & Resorts division continues to act as catalysts. The company's recently released live-action remake "Beauty and the Beast" has done great business at the box office. So far, the movie has collected more than $1 billion at the global box office. Ever since the acquisitions of Pixar in 2006, Disney has released many blockbusters under Pixar, Marvel, Lucasfilm and Disney Animation banners.
Disney's Parks & Resorts division are expected to report another impressive quarter. In first-quarter fiscal 2017, the segment reported revenues of $4,555 million, up 6% year over year. The company anticipates Shanghai Disney Resort to cross 10 million visitors by its first anniversary. Disney is focused on deploying capital toward expansion of the Parks and Resorts business, consequently, increasing market share and creating long-term growth opportunities.
In the past few quarters Disney's ESPN has been a hot topic in the media industry and investors are closely monitoring performance. For some time now, declining subscriber count and higher programming costs have been a cause of concern for investors. Disney's primary cash cow, ESPN, has been under immense pressure as the pay-TV landscape continues to change owing to migration of subscribers to online TV. Falling subscriptions will have a telling effect on the network's ad revenues.
Walt Disney Company (The) Price, Consensus and EPS Surprise
Walt Disney Company (The) Price, Consensus and EPS Surprise | Walt Disney Company (The) Quote
What the Zacks Model Unveils?
Our proven model does not conclusively show that Disney is likely to beat earnings 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 may uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Disney has an Earnings ESP of 0.00% as both the Zacks Consensus Estimate and the Most Accurate Estimate are pegged at $1.44. The company's Zacks Rank #3 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Tyson Foods, Inc. TSN has an Earnings ESP of +3.77% and currently has a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Deckers Outdoor Corp. DECK has an Earnings ESP of +50.00% and carries a Zacks Rank #3.
Dean Foods Co. DF currently has an Earnings ESP of +5.88% and a Zacks Rank #3.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
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Walt Disney Company (The) (DIS): Free Stock Analysis Report
Dean Foods Company (DF): Free Stock Analysis Report
Tyson Foods, Inc. (TSN): Free Stock Analysis Report
Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. DECK has an Earnings ESP of +50.00% and carries a Zacks Rank #3. Click to get this free report Walt Disney Company (The) (DIS): Free Stock Analysis Report Dean Foods Company (DF): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Factors at Play Sturdy movie business due to recent blockbusters and strong performance of its Parks & Resorts division continues to act as catalysts.
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Click to get this free report Walt Disney Company (The) (DIS): Free Stock Analysis Report Dean Foods Company (DF): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK has an Earnings ESP of +50.00% and carries a Zacks Rank #3. Factors at Play Sturdy movie business due to recent blockbusters and strong performance of its Parks & Resorts division continues to act as catalysts.
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Click to get this free report Walt Disney Company (The) (DIS): Free Stock Analysis Report Dean Foods Company (DF): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. DECK has an Earnings ESP of +50.00% and carries a Zacks Rank #3. Walt Disney Company (The) Price, Consensus and EPS Surprise Walt Disney Company (The) Price, Consensus and EPS Surprise | Walt Disney Company (The) Quote What the Zacks Model Unveils?
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Deckers Outdoor Corp. DECK has an Earnings ESP of +50.00% and carries a Zacks Rank #3. Click to get this free report Walt Disney Company (The) (DIS): Free Stock Analysis Report Dean Foods Company (DF): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Analysts polled by Zacks expect revenues of $13,478 million, up nearly 4% from the year-ago quarter.
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922b77e3-34af-45fa-84ec-39452cce1c2a
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724478.0
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2017-05-02 00:00:00 UTC
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Cabela's (CAB) Q1 Earnings Preview: Let's Take a Look
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DECK
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https://www.nasdaq.com/articles/cabelas-cab-q1-earnings-preview%3A-lets-take-a-look-2017-05-02
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nan
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nan
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Cabela's IncorporatedCAB , a specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise, is scheduled to report first-quarter 2017 results on May 4. In the preceding quarter, the company's earnings missed the Zacks Consensus Estimate by 13.9%. Notably, in three out of the trailing four quarters the company's earning have lagged the estimate by 8.7%. Let's see how things are shaping up for this announcement.
What to Expect?
The question lingering in investors' minds now is whether Cabela's will be able to post positive earnings surprise in the quarter to be reported. The current Zacks Consensus Estimate for the quarter under review is 36 cents, reflecting a year-over-year decrease of over 16%. We note that the Zacks Consensus Estimate witnessed downward revisions in the past 60 days. Analysts polled by Zacks expect revenues of $856 million, down 1% from the year-ago quarter.
We noted that the stock has underperformed both the Zacks categorized Retail-Miscellaneous/Diversified industry and the S&P 500 Index in the past six months. The company's shares have declined 10.9%, while the Zacks categorized industry and the S&P 500 have witnessed gains of 5.3% and 14%, respectively.
Factors Influencing this Quarter
Cabela's multi-channel model, next-generation stores and cost-saving initiatives is likely to have a favorable impact in the quarter to be reported. Moreover, the next-generation stores are outperforming Cabela's legacy stores in terms of both sales and profit per square foot. We remain optimistic about these store formats as they require less capital investment, enhance store productivity and sales per square foot.
We believe that the company's Financial Services Business segment plays an integral role in supporting the merchandising business by encouraging customer loyalty rewards program that provides a boost to revenues, profitability and customer retention at Retail and Direct businesses.
However, soft economic recovery, deceleration in the sale of sporting goods, and stiff competition from both brick-and-mortar and eCommerce has made things difficult for Cabela's, which accepted the buyout offer of Bass Pro Shops. Moreover, dismal top-line performance for the third consecutive quarter is a major concern for the investors.
Cabela's Inc Price, Consensus and EPS Surprise
Cabela's Inc Price, Consensus and EPS Surprise | Cabela's Inc Quote
Unlikely to Beat Estimates
Our proven model does not conclusively show that Cabela's is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You may uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Cabela's has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 36 cents. The company carries a Zacks Rank #3 which increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Deckers Outdoor Corporation DECK has an Earnings ESP of +50.00% and carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here .
Dean Foods Company DF currently has an Earnings ESP of +5.88% and a Zacks Rank #3.
Tyson Foods, Inc. TSN has an Earnings ESP of +3.77% and currently has a Zacks Rank #2.
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Dean Foods Company (DF): Free Stock Analysis Report
Tyson Foods, Inc. (TSN): Free Stock Analysis Report
Cabela's Inc (CAB): 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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Stocks Poised to Beat Earnings Estimates Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +50.00% and carries a Zacks Rank #3. Click to get this free report Dean Foods Company (DF): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Cabela's Inc (CAB): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Cabela's IncorporatedCAB , a specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise, is scheduled to report first-quarter 2017 results on May 4.
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Stocks Poised to Beat Earnings Estimates Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +50.00% and carries a Zacks Rank #3. Click to get this free report Dean Foods Company (DF): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Cabela's Inc (CAB): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Cabela's Inc Price, Consensus and EPS Surprise Cabela's Inc Price, Consensus and EPS Surprise | Cabela's Inc Quote Unlikely to Beat Estimates Our proven model does not conclusively show that Cabela's is likely to beat earnings estimates this quarter.
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Stocks Poised to Beat Earnings Estimates Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +50.00% and carries a Zacks Rank #3. Click to get this free report Dean Foods Company (DF): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Cabela's Inc (CAB): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Cabela's Inc Price, Consensus and EPS Surprise Cabela's Inc Price, Consensus and EPS Surprise | Cabela's Inc Quote Unlikely to Beat Estimates Our proven model does not conclusively show that Cabela's is likely to beat earnings estimates this quarter.
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Stocks Poised to Beat Earnings Estimates Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Deckers Outdoor Corporation DECK has an Earnings ESP of +50.00% and carries a Zacks Rank #3. Click to get this free report Dean Foods Company (DF): Free Stock Analysis Report Tyson Foods, Inc. (TSN): Free Stock Analysis Report Cabela's Inc (CAB): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. We note that the Zacks Consensus Estimate witnessed downward revisions in the past 60 days.
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3611aa21-8623-46b2-b13f-c5f7a1b2bc83
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724479.0
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2017-04-25 00:00:00 UTC
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Noteworthy Tuesday Option Activity: DECK, AVGO, R
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DECK
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity-deck-avgo-r-2017-04-25
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 2,916 contracts have traded so far, representing approximately 291,600 underlying shares. That amounts to about 44.3% of DECK's average daily trading volume over the past month of 658,505 shares. Particularly high volume was seen for the $58.50 strike put option expiring May 05, 2017 , with 1,306 contracts trading so far today, representing approximately 130,600 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $58.50 strike highlighted in orange:
Broadcom Ltd (Symbol: AVGO) saw options trading volume of 9,101 contracts, representing approximately 910,100 underlying shares or approximately 43.8% of AVGO's average daily trading volume over the past month, of 2.1 million shares. Particularly high volume was seen for the $200 strike put option expiring May 19, 2017 , with 1,054 contracts trading so far today, representing approximately 105,400 underlying shares of AVGO. Below is a chart showing AVGO's trailing twelve month trading history, with the $200 strike highlighted in orange:
And Ryder System, Inc. (Symbol: R) saw options trading volume of 2,164 contracts, representing approximately 216,400 underlying shares or approximately 43.5% of R's average daily trading volume over the past month, of 498,005 shares. Particularly high volume was seen for the $67.50 strike put option expiring May 19, 2017 , with 208 contracts trading so far today, representing approximately 20,800 underlying shares of R. Below is a chart showing R's trailing twelve month trading history, with the $67.50 strike highlighted in orange:
For the various different available expirations for DECK options , AVGO options , or R 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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That amounts to about 44.3% of DECK's average daily trading volume over the past month of 658,505 shares. Particularly high volume was seen for the $58.50 strike put option expiring May 05, 2017 , with 1,306 contracts trading so far today, representing approximately 130,600 underlying shares of DECK. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 2,916 contracts have traded so far, representing approximately 291,600 underlying shares.
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Particularly high volume was seen for the $58.50 strike put option expiring May 05, 2017 , with 1,306 contracts trading so far today, representing approximately 130,600 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $58.50 strike highlighted in orange: Broadcom Ltd (Symbol: AVGO) saw options trading volume of 9,101 contracts, representing approximately 910,100 underlying shares or approximately 43.8% of AVGO's average daily trading volume over the past month, of 2.1 million shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 2,916 contracts have traded so far, representing approximately 291,600 underlying shares.
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Below is a chart showing DECK's trailing twelve month trading history, with the $58.50 strike highlighted in orange: Broadcom Ltd (Symbol: AVGO) saw options trading volume of 9,101 contracts, representing approximately 910,100 underlying shares or approximately 43.8% of AVGO's average daily trading volume over the past month, of 2.1 million shares. Particularly high volume was seen for the $67.50 strike put option expiring May 19, 2017 , with 208 contracts trading so far today, representing approximately 20,800 underlying shares of R. Below is a chart showing R's trailing twelve month trading history, with the $67.50 strike highlighted in orange: For the various different available expirations for DECK options , AVGO options , or R options , visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 2,916 contracts have traded so far, representing approximately 291,600 underlying shares.
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Particularly high volume was seen for the $58.50 strike put option expiring May 05, 2017 , with 1,306 contracts trading so far today, representing approximately 130,600 underlying shares of DECK. Below is a chart showing DECK's trailing twelve month trading history, with the $58.50 strike highlighted in orange: Broadcom Ltd (Symbol: AVGO) saw options trading volume of 9,101 contracts, representing approximately 910,100 underlying shares or approximately 43.8% of AVGO's average daily trading volume over the past month, of 2.1 million shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Deckers Outdoor Corp. (Symbol: DECK), where a total of 2,916 contracts have traded so far, representing approximately 291,600 underlying shares.
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87321214-ac57-4209-ae35-4d99022c321b
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724480.0
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2017-04-12 00:00:00 UTC
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Deckers (DECK) Rises 6% in 30 Days: Will the Rally Last?
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DECK
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https://www.nasdaq.com/articles/deckers-deck-rises-6-in-30-days%3A-will-the-rally-last-2017-04-12
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nan
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nan
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Shares of Deckers Outdoor CorporationDECK have declined 1.6% in the past three months, underperforming the Zacks categorized Shoe & Retail Apparel industry's increase of 2.7%. However, the stock has made a sharp comeback in the past one month gaining nearly 6% in comparison with industry's decline of 3%. So, let's find out whether the momentum gained will sustain in the near term.
Hidden Catalysts
Deckers is targeting profitable markets while remaining focused on product innovations and store augmentation. Management is eyeing opportunities for store expansion, targeting underpenetrated markets, enhancing eCommerce capabilities and transitioning to a direct subsidiary model from a distributor model outside the U.S.
In keeping with the changing trends, Deckers has been constantly developing its eCommerce portal to capture incremental sales. The company 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 customers shopping experience.
The company is also focusing on product and marketing strategies that are more skewed toward customers and in this regard it is implementing customer relationship management (CRM) software and concentrating on loyalty program.
Further, Deckers' has an impressive long-term earnings growth rate of 8.8%. Additionally, the company has VGM Score of "A".
Bottom Line
We hope that aforementioned initiatives help improve Deckers' performance in the coming quarters, which posted a negative earnings surprise in third-quarter fiscal 2017 after registering six straight quarters of earnings beat. The dismal performance compelled management to trim net sales and earnings projection. (Read more: Deckers Crashes on Q3 Earnings Miss and Bleak View )
We believe that the company's stock price has already factored in the dismal performance and muted outlook, and the recent rebound may be seen as a sign that it has regained investors' confidence.
Zacks Rank & Stocks to Consider
Deckers currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the retail sector that warrant a look include Burlington Stores, Inc. BURL , The Children's Place, Inc. PLCE and Best Buy Co., Inc. BBY . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Burlington Store delivered an average positive earnings surprise of 26.3% in the trailing four quarters and has a long-term earnings growth rate of 15.9%.
Children's Place delivered an average positive earnings surprise of 39% in the trailing four quarters and has a long-term earnings growth rate of 8%.
Best Buy delivered an average positive earnings surprise of 27.7% in the trailing four quarters and has a long-term earnings growth rate of 10.5%.
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Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Best Buy Co., Inc. (BBY): 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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Shares of Deckers Outdoor CorporationDECK have declined 1.6% in the past three months, underperforming the Zacks categorized Shoe & Retail Apparel industry's increase of 2.7%. (Read more: Deckers Crashes on Q3 Earnings Miss and Bleak View ) We believe that the company's stock price has already factored in the dismal performance and muted outlook, and the recent rebound may be seen as a sign that it has regained investors' confidence. Hidden Catalysts Deckers is targeting profitable markets while remaining focused on product innovations and store augmentation.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Best Buy Co., Inc. (BBY): 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 Outdoor CorporationDECK have declined 1.6% in the past three months, underperforming the Zacks categorized Shoe & Retail Apparel industry's increase of 2.7%. Hidden Catalysts Deckers is targeting profitable markets while remaining focused on product innovations and store augmentation.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Best Buy Co., Inc. (BBY): 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 Outdoor CorporationDECK have declined 1.6% in the past three months, underperforming the Zacks categorized Shoe & Retail Apparel industry's increase of 2.7%. Hidden Catalysts Deckers is targeting profitable markets while remaining focused on product innovations and store augmentation.
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Shares of Deckers Outdoor CorporationDECK have declined 1.6% in the past three months, underperforming the Zacks categorized Shoe & Retail Apparel industry's increase of 2.7%. Hidden Catalysts Deckers is targeting profitable markets while remaining focused on product innovations and store augmentation. In keeping with the changing trends, Deckers has been constantly developing its eCommerce portal to capture incremental sales.
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e7add88c-c4b5-406b-8093-cca436b9db1f
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724481.0
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2017-04-03 00:00:00 UTC
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Instant Analysis: Activist Investor Calls for Deckers Outdoor Corp to Explore a Sale
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DECK
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https://www.nasdaq.com/articles/instant-analysis-activist-investor-calls-deckers-outdoor-corp-explore-sale-2017-04-03
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nan
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nan
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What happened?
An activist shareholder is insisting that Deckers Outdoor (NYSE: DECK) hang out a "for sale" sign. Red Mountain Capital Partners, which owns just over 3% of the company, formally made the request in a letter sent to chairman Angel Martinez and lead independent director John Gibbons late last month.
In the letter, Red Mountain "urge[s] the board to publicly announce its intention to explore a sale of Deckers."
The investment management firm opined that "[a] public announcement and a formal sale process will address the full universe of potential buyers for the unique assets of the company and will restore shareholders' confidence that the board is acting in their best interests."
Deckers owns the popular Ugg line of footwear among other brands, but it has struggled with declining sales and profitability lately, in no small part due to Ugg's underperformance.
Does it matter?
Deckers has not one but two notable activist investors on its shareholder list, Red Mountain Capital and Marcato Capital Management. Following the shoemaker's most recently quarterly earnings report -- an uncomfortable one that revealed a nearly 5% year-over-year drop in revenue, a 14% decline in adjusted per-share earnings, and disappointing guidance -- it was perhaps inevitable that one of them would step in to put pressure on the management team.
Although Red Mountain isn't always a winner -- its attempt last year to win a pair of board seats at iRobot was unsuccessful -- Decker is indeed an attractive takeover candidate.
Ugg footwear is well-known among consumers, even if Deckers' other brands don't have that kind of visibility. Plus, the stock trades at a price-to-book value below 2.0, which is low for the shoe-related apparel segment. Vans owner VF Corporation trades at 4.6, for example, while Foot Locker trades at 3.6.
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Eric Volkman has no position in any stocks mentioned. The Motley Fool owns shares of and recommends iRobot. 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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Although Red Mountain isn't always a winner -- its attempt last year to win a pair of board seats at iRobot was unsuccessful -- Decker is indeed an attractive takeover candidate. An activist shareholder is insisting that Deckers Outdoor (NYSE: DECK) hang out a "for sale" sign. In the letter, Red Mountain "urge[s] the board to publicly announce its intention to explore a sale of Deckers."
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Deckers has not one but two notable activist investors on its shareholder list, Red Mountain Capital and Marcato Capital Management. The Motley Fool recommends Deckers Outdoor. An activist shareholder is insisting that Deckers Outdoor (NYSE: DECK) hang out a "for sale" sign.
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Deckers has not one but two notable activist investors on its shareholder list, Red Mountain Capital and Marcato Capital Management. 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!
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In the letter, Red Mountain "urge[s] the board to publicly announce its intention to explore a sale of Deckers." * 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! The Motley Fool recommends Deckers Outdoor.
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377660ae-2995-4947-82fe-b7ec808c7e0a
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724482.0
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2017-03-28 00:00:00 UTC
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Consumer Sector Update for 03/28/2017: DECK,DRI,WPRT
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-03282017-deckdriwprt-2017-03-28
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nan
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nan
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Top Consumer Stocks
WMT +0.77%
MCD -0.12%
DIS +0.44%
CVS +0.24%
KO +0.38%
Consumer stocks were mostly higher Tuesday, with shares of consumer staples companies in the S&P 500 adding nearly 0.2% in value while shares of consumer discretionary firms in the S&P 500 were jumping out to a 0.7% gain.
In company news, Deckers Outdoor Corp ( DECK ) advanced Tuesday after a major shareholder called on the footwear and apparel company to explore a potential sale.
In a letter delivered yesterday to the company, 3.3% shareholder Red Mountain Capital Partners refers to meetings and other discussions the private-equity fund has had with Decker executives and board members over the past two years offering suggestions it believed would improve operations and increase profitability.
But in calling for a potential sale, Red Mountain said a deal with either a strategic or financial buyer would generate more value for shareholders than the operational reworking Decker announced Feb. 2 following its disappointing fiscal Q3 financial results. An activist hedge fund, Marcato Capital, last month similarly said Deckers should explore a sale or a strategic acquisition to boost shareholder value.
DECK shares recently were up more than 3% at $58.35 each, drifting south from a session high of $58.88 a share earlier Tuesday.
In other sector news,
(+) DRI, (+8.3%) Acquires Cheddar's Scratch Kitchen for $780 mln in cash. Reports fiscal Q3 EPS of $1.32, topping Capital IQ consensus by $0.05 per share. Revenue rises 1.7% over the same quarter last year to $1.88 bln, matching the $1.87 bln analyst mean. Guides FY17 EPS over Street view.
(-) WPRT, (-3.2%) Q4 net loss of $0.43 per share expands on $0.38 per share net loss during year-ago period and is $0.23 wider than the analyst mean. Revenue jumps 220% to $80.4 mln, exceeding Street view by $5.9 mln. Also said it was "reducing expenses and improving operating efficiencies" to address liquidity needs.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In a letter delivered yesterday to the company, 3.3% shareholder Red Mountain Capital Partners refers to meetings and other discussions the private-equity fund has had with Decker executives and board members over the past two years offering suggestions it believed would improve operations and increase profitability. An activist hedge fund, Marcato Capital, last month similarly said Deckers should explore a sale or a strategic acquisition to boost shareholder value. In company news, Deckers Outdoor Corp ( DECK ) advanced Tuesday after a major shareholder called on the footwear and apparel company to explore a potential sale.
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In a letter delivered yesterday to the company, 3.3% shareholder Red Mountain Capital Partners refers to meetings and other discussions the private-equity fund has had with Decker executives and board members over the past two years offering suggestions it believed would improve operations and increase profitability. In company news, Deckers Outdoor Corp ( DECK ) advanced Tuesday after a major shareholder called on the footwear and apparel company to explore a potential sale. But in calling for a potential sale, Red Mountain said a deal with either a strategic or financial buyer would generate more value for shareholders than the operational reworking Decker announced Feb. 2 following its disappointing fiscal Q3 financial results.
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In a letter delivered yesterday to the company, 3.3% shareholder Red Mountain Capital Partners refers to meetings and other discussions the private-equity fund has had with Decker executives and board members over the past two years offering suggestions it believed would improve operations and increase profitability. In company news, Deckers Outdoor Corp ( DECK ) advanced Tuesday after a major shareholder called on the footwear and apparel company to explore a potential sale. But in calling for a potential sale, Red Mountain said a deal with either a strategic or financial buyer would generate more value for shareholders than the operational reworking Decker announced Feb. 2 following its disappointing fiscal Q3 financial results.
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In company news, Deckers Outdoor Corp ( DECK ) advanced Tuesday after a major shareholder called on the footwear and apparel company to explore a potential sale. In a letter delivered yesterday to the company, 3.3% shareholder Red Mountain Capital Partners refers to meetings and other discussions the private-equity fund has had with Decker executives and board members over the past two years offering suggestions it believed would improve operations and increase profitability. But in calling for a potential sale, Red Mountain said a deal with either a strategic or financial buyer would generate more value for shareholders than the operational reworking Decker announced Feb. 2 following its disappointing fiscal Q3 financial results.
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7569a15a-2fb9-4d64-b8be-4e6ce537af51
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724483.0
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2017-03-15 00:00:00 UTC
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Deckers (DECK) in Trouble: What's Behind the Dismal Show?
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DECK
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https://www.nasdaq.com/articles/deckers-deck-in-trouble%3A-whats-behind-the-dismal-show-2017-03-15
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nan
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nan
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Deckers Outdoor CorporationDECK seems like a 'touch-me-not' stock for quite some time now. Shares of this Zacks Rank #5 (Strong Sell) company have underperformed both the Zacks categorized Shoes and Retail Apparel industry and the broader sector in the past six months. The stock declined nearly 11%, while the industry gained 2.4%. Moreover, the Zacks categorized Consumer Discretionary sector increased 12.1% over the same time frame. In addition, it has a Momentum Score of "D."
What's Hurting the Stock?
Deckers succumbed to a negative earnings surprise in third-quarter fiscal 2017, after witnessing six straight quarters of earnings beat. The company's top line also struggled and came below the Zacks Consensus Estimate for the second quarter in row. Moreover, both the top and bottom lines fell year over year.
Analysts pointed that tough retail landscape, soft start to holiday season as well as sluggish sale of UGG boots and shoes hurt the company's results. Moreover, management hinted that the company's outlets are witnessing lower traffic.
In fact, this dismal quarterly performance compelled management to provide bleak sales and earnings outlook for fiscal 2017. Now, Deckers expects net sales to decline 5% and projects earnings to be between $3.45 and $3.55 per share. The company had earlier forecasted net sales to decline in the band of 1.5-3% and earnings in the range of $4.05−$4.25 for fiscal 2017.
For the fiscal fourth quarter, net sales are estimated to decline in the band of 5-6%. Also, management envisions bottom line in the band of break-even to a loss of 10 cents per share.
Consequently, estimates were also revised downward over the past 60 days. Currently, the Zacks Consensus Estimate for the fourth quarter and fiscal 2017 are pegged at a loss of 7 cents and earnings of $3.48, respectively, down from 43 cents and $4.16 guided previously.
In addition, Deckers' over-reliance on the UGG brand remains a matter of concern. Moving ahead, in the event of stagnation or decline of UGG sales growth, Deckers' overall results are also likely to be adversely affected. This is because, the percentage of contribution from the company's other brands are too small to offset any slowdown in UGG sales. In third quarter of fiscal 2017, UGG brand net sales had declined 5.3%.
Furthermore, the company remains prone to currency fluctuations, alongside facing intense competition in the footwear industry from other big guns on attributes like style, price, quality, comfort and brand name. These factors might weigh upon the company's financial performance in the future.
On the basis of the aforesaid factors, we believe it is advisable to stay away from Deckers for the time being until it sparks a turnaround in its performance.
Key Picks
Better-ranked stocks in the same industry include Adidas AG ADDYY , Caleres, Inc. CAL and Steven Madden, Ltd. SHOO .
Adidas, with a long-term earnings growth rate of 21.1% has surged a whopping 62.2% in the past one year. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Caleres, which carries a Zacks Rank #2 (Buy) rose nearly 14% over the past one year. Also, it has a long-term earnings growth rate of 11%.
Steven Madden, Ltd., a Zacks Rank #2 stock, has increased roughly 9% in the past six months. Also, it has a long-term earnings growth rate of 12%.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Adidas AG (ADDYY): Free Stock Analysis Report
Steven Madden, Ltd. (SHOO): Free Stock Analysis Report
Caleres, Inc. (CAL): 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 seems like a 'touch-me-not' stock for quite some time now. Deckers succumbed to a negative earnings surprise in third-quarter fiscal 2017, after witnessing six straight quarters of earnings beat. Now, Deckers expects net sales to decline 5% and projects earnings to be between $3.45 and $3.55 per share.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Caleres, Inc. (CAL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK seems like a 'touch-me-not' stock for quite some time now. Deckers succumbed to a negative earnings surprise in third-quarter fiscal 2017, after witnessing six straight quarters of earnings beat.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Caleres, Inc. (CAL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK seems like a 'touch-me-not' stock for quite some time now. Deckers succumbed to a negative earnings surprise in third-quarter fiscal 2017, after witnessing six straight quarters of earnings beat.
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Deckers succumbed to a negative earnings surprise in third-quarter fiscal 2017, after witnessing six straight quarters of earnings beat. Deckers Outdoor CorporationDECK seems like a 'touch-me-not' stock for quite some time now. Now, Deckers expects net sales to decline 5% and projects earnings to be between $3.45 and $3.55 per share.
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4d79188e-11f5-4c94-86df-38e12b5fcb0d
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724484.0
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2017-02-16 00:00:00 UTC
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Tyvor Capital LLC Buys Delta Air Lines, Target, Deckers Outdoor, Sells American Airlines Group, ...
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DECK
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https://www.nasdaq.com/articles/tyvor-capital-llc-buys-delta-air-lines-target-deckers-outdoor-sells-american-airlines
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nan
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nan
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Tyvor Capital LLC
New Purchases: DAL , TGT , JBLU , ANF, FL, MUSA, SPWH, CRI, BURL, PNRA,
Added Positions:DECK, FIVE, GPS, COH, NCLH, LULU, HABT, SFS, ZUMZ,
Reduced Positions:BBY, LUV, EXPR, TJX, USFD, UA, PFGC, BOOT, DKS,
Sold Out:AAL, JWN, SAVE, AN, MIK, WFM, WMT, HA, ALK, KORS,
For the details of Tyvor Capital LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tyvor+Capital+LLC
These are the top 5 holdings of Tyvor Capital LLC
Delta Air Lines Inc ( DAL ) - 499,440 shares, 9.96% of the total portfolio. New Position
Deckers Outdoor Corp ( DECK ) - 429,948 shares, 9.65% of the total portfolio. Shares added by 259.19%
Target Corp ( TGT ) - 257,156 shares, 7.53% of the total portfolio. New Position
Coach Inc ( COH ) - 527,768 shares, 7.49% of the total portfolio. Shares added by 163.88%
Five Below Inc ( FIVE ) - 376,991 shares, 6.11% of the total portfolio. Shares added by 3669.91%
New Purchase: Delta Air Lines Inc ( DAL )
Tyvor Capital LLC initiated holdings in Delta Air Lines Inc. The purchase prices were between $38.94 and $51.78, with an estimated average price of $45.59. The stock is now traded at around $50.85. The impact to the portfolio due to this purchase was 9.96%. The holdings were 499,440 shares as of 2016-12-31.
New Purchase: Target Corp ( TGT )
Tyvor Capital LLC initiated holdings in Target Corp. The purchase prices were between $66.53 and $78.61, with an estimated average price of $72.39. The stock is now traded at around $65.43. The impact to the portfolio due to this purchase was 7.53%. The holdings were 257,156 shares as of 2016-12-31.
New Purchase: JetBlue Airways Corp (JBLU)
Tyvor Capital LLC initiated holdings in JetBlue Airways Corp. The purchase prices were between $16.93 and $22.79, with an estimated average price of $19.75. The stock is now traded at around $19.73. The impact to the portfolio due to this purchase was 5.96%. The holdings were 655,415 shares as of 2016-12-31.
New Purchase: Abercrombie & Fitch Co (ANF)
Tyvor Capital LLC initiated holdings in Abercrombie & Fitch Co. The purchase prices were between $11.94 and $16.93, with an estimated average price of $14.86. The stock is now traded at around $12.26. The impact to the portfolio due to this purchase was 4.37%. The holdings were 898,588 shares as of 2016-12-31.
New Purchase: Foot Locker Inc (FL)
Tyvor Capital LLC initiated holdings in Foot Locker Inc. The purchase prices were between $65.62 and $79.2, with an estimated average price of $71.14. The stock is now traded at around $70.32. The impact to the portfolio due to this purchase was 3.78%. The holdings were 131,415 shares as of 2016-12-31.
New Purchase: Murphy USA Inc (MUSA)
Tyvor Capital LLC initiated holdings in Murphy USA Inc. The purchase prices were between $57.8 and $72.56, with an estimated average price of $67.3. The stock is now traded at around $65.49. The impact to the portfolio due to this purchase was 3.13%. The holdings were 125,746 shares as of 2016-12-31.
Added: Deckers Outdoor Corp ( DECK )
Tyvor Capital LLC added to the holdings in Deckers Outdoor Corp by 259.19%. The purchase prices were between $50.76 and $64.8, with an estimated average price of $57.74. The stock is now traded at around $52.59. The impact to the portfolio due to this purchase was 6.96%. The holdings were 429,948 shares as of 2016-12-31.
Added: Five Below Inc ( FIVE )
Tyvor Capital LLC added to the holdings in Five Below Inc by 3669.91%. The purchase prices were between $35.3 and $43.84, with an estimated average price of $39.36. The stock is now traded at around $39.25. The impact to the portfolio due to this purchase was 5.95%. The holdings were 376,991 shares as of 2016-12-31.
Added: Gap Inc (GPS)
Tyvor Capital LLC added to the holdings in Gap Inc by 520.00%. The purchase prices were between $21.78 and $30.71, with an estimated average price of $25.74. The stock is now traded at around $24.11. The impact to the portfolio due to this purchase was 4.73%. The holdings were 620,000 shares as of 2016-12-31.
Added: Coach Inc ( COH )
Tyvor Capital LLC added to the holdings in Coach Inc by 163.88%. The purchase prices were between $34.24 and $38.64, with an estimated average price of $36.5. The stock is now traded at around $37.82. The impact to the portfolio due to this purchase was 4.65%. The holdings were 527,768 shares as of 2016-12-31.
Added: Norwegian Cruise Line Holdings Ltd (NCLH)
Tyvor Capital LLC added to the holdings in Norwegian Cruise Line Holdings Ltd by 40.26%. The purchase prices were between $35.53 and $45.14, with an estimated average price of $40.03. The stock is now traded at around $47.60. The impact to the portfolio due to this purchase was 0.92%. The holdings were 187,066 shares as of 2016-12-31.
Added: Lululemon Athletica Inc (LULU)
Tyvor Capital LLC added to the holdings in Lululemon Athletica Inc by 120.58%. The purchase prices were between $54.61 and $69.71, with an estimated average price of $59.64. The stock is now traded at around $66.00. The impact to the portfolio due to this purchase was 0.87%. The holdings were 60,851 shares as of 2016-12-31.
Sold Out: American Airlines Group Inc (AAL)
Tyvor Capital LLC sold out the holdings in American Airlines Group Inc. The sale prices were between $37.38 and $49.64, with an estimated average price of $43.55.
Sold Out: Nordstrom Inc (JWN)
Tyvor Capital LLC sold out the holdings in Nordstrom Inc. The sale prices were between $47.93 and $61.49, with an estimated average price of $54.33.
Sold Out: Spirit Airlines Inc (SAVE)
Tyvor Capital LLC sold out the holdings in Spirit Airlines Inc. The sale prices were between $42.12 and $59.5, with an estimated average price of $51.54.
Sold Out: AutoNation Inc (AN)
Tyvor Capital LLC sold out the holdings in AutoNation Inc. The sale prices were between $40.26 and $50.16, with an estimated average price of $46.4.
Sold Out: The Michaels Companies Inc (MIK)
Tyvor Capital LLC sold out the holdings in The Michaels Companies Inc. The sale prices were between $20.4 and $25.38, with an estimated average price of $23.22.
Sold Out: Whole Foods Market Inc (WFM)
Tyvor Capital LLC sold out the holdings in Whole Foods Market Inc. The sale prices were between $27.96 and $32.51, with an estimated average price of $30.08.
Warning! GuruFocus has detected 5 Warning Signs with DECK. Click here to check it out.
DECK 15-Year Financial Data
The intrinsic value of DECK
Peter Lynch Chart of DECK
Premium Members
This article first appeared on GuruFocus .
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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Tyvor Capital LLC New Purchases: DAL , TGT , JBLU , ANF, FL, MUSA, SPWH, CRI, BURL, PNRA, Added Positions:DECK, FIVE, GPS, COH, NCLH, LULU, HABT, SFS, ZUMZ, Reduced Positions:BBY, LUV, EXPR, TJX, USFD, UA, PFGC, BOOT, DKS, Sold Out:AAL, JWN, SAVE, AN, MIK, WFM, WMT, HA, ALK, KORS, For the details of Tyvor Capital LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tyvor+Capital+LLC These are the top 5 holdings of Tyvor Capital LLC Delta Air Lines Inc ( DAL ) - 499,440 shares, 9.96% of the total portfolio. New Position Deckers Outdoor Corp ( DECK ) - 429,948 shares, 9.65% of the total portfolio. Added: Deckers Outdoor Corp ( DECK ) Tyvor Capital LLC added to the holdings in Deckers Outdoor Corp by 259.19%.
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Tyvor Capital LLC New Purchases: DAL , TGT , JBLU , ANF, FL, MUSA, SPWH, CRI, BURL, PNRA, Added Positions:DECK, FIVE, GPS, COH, NCLH, LULU, HABT, SFS, ZUMZ, Reduced Positions:BBY, LUV, EXPR, TJX, USFD, UA, PFGC, BOOT, DKS, Sold Out:AAL, JWN, SAVE, AN, MIK, WFM, WMT, HA, ALK, KORS, For the details of Tyvor Capital LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tyvor+Capital+LLC These are the top 5 holdings of Tyvor Capital LLC Delta Air Lines Inc ( DAL ) - 499,440 shares, 9.96% of the total portfolio. New Position Deckers Outdoor Corp ( DECK ) - 429,948 shares, 9.65% of the total portfolio. Added: Deckers Outdoor Corp ( DECK ) Tyvor Capital LLC added to the holdings in Deckers Outdoor Corp by 259.19%.
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Tyvor Capital LLC New Purchases: DAL , TGT , JBLU , ANF, FL, MUSA, SPWH, CRI, BURL, PNRA, Added Positions:DECK, FIVE, GPS, COH, NCLH, LULU, HABT, SFS, ZUMZ, Reduced Positions:BBY, LUV, EXPR, TJX, USFD, UA, PFGC, BOOT, DKS, Sold Out:AAL, JWN, SAVE, AN, MIK, WFM, WMT, HA, ALK, KORS, For the details of Tyvor Capital LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tyvor+Capital+LLC These are the top 5 holdings of Tyvor Capital LLC Delta Air Lines Inc ( DAL ) - 499,440 shares, 9.96% of the total portfolio. New Position Deckers Outdoor Corp ( DECK ) - 429,948 shares, 9.65% of the total portfolio. Added: Deckers Outdoor Corp ( DECK ) Tyvor Capital LLC added to the holdings in Deckers Outdoor Corp by 259.19%.
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Tyvor Capital LLC New Purchases: DAL , TGT , JBLU , ANF, FL, MUSA, SPWH, CRI, BURL, PNRA, Added Positions:DECK, FIVE, GPS, COH, NCLH, LULU, HABT, SFS, ZUMZ, Reduced Positions:BBY, LUV, EXPR, TJX, USFD, UA, PFGC, BOOT, DKS, Sold Out:AAL, JWN, SAVE, AN, MIK, WFM, WMT, HA, ALK, KORS, For the details of Tyvor Capital LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tyvor+Capital+LLC These are the top 5 holdings of Tyvor Capital LLC Delta Air Lines Inc ( DAL ) - 499,440 shares, 9.96% of the total portfolio. New Position Deckers Outdoor Corp ( DECK ) - 429,948 shares, 9.65% of the total portfolio. Added: Deckers Outdoor Corp ( DECK ) Tyvor Capital LLC added to the holdings in Deckers Outdoor Corp by 259.19%.
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a5dcfd84-eb64-4c2c-a0a0-6273c9b50fb9
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724485.0
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2017-02-13 00:00:00 UTC
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Moving Average Crossover Alert: Deckers Outdoor (DECK)
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DECK
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https://www.nasdaq.com/articles/moving-average-crossover-alert%3A-deckers-outdoor-deck-2017-02-13
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nan
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nan
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Deckers Outdoor CorporationDECK could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for DECK broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved lower by 9.8% in the past four weeks. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for DECK stock.
If that wasn't enough, Deckers Outdoor isn't looking too great from an earnings estimate revision perspective either. It appears as though many analysts have been reducing their earnings expectations for the stock lately, which is usually not a good sign of things to come.
Consider that in the last 30 days, 4 estimates have been reduced, while none has moved higher. Add this in to a similar move lower in the consensus estimate, and there is plenty of reason to be bearish here.
That is why we currently have a Zacks Rank #5 (Strong Sell) on this stock and are looking for it to underperform in the weeks ahead. So either avoid this stock or consider jumping ship until the estimates and technical factors turn around for DECK. 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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Deckers Outdoor CorporationDECK could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for DECK stock. Recently, the 50 Day Moving Average for DECK broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
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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 could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for DECK broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
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Deckers Outdoor CorporationDECK could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for DECK broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for DECK stock.
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Deckers Outdoor CorporationDECK could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for DECK broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for DECK stock.
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3288bdc0-b0fa-4261-a31c-0b138cd43939
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724486.0
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2017-02-13 00:00:00 UTC
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'Phenomenal' End to the Week
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DECK
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https://www.nasdaq.com/articles/phenomenal-end-week-2017-02-13
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nan
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nan
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The major indices chalked up another session of all-time highs on Friday as the market continues to coast on the president's recent statement that "phenomenal" tax measures are on the way. The S&P continued to climb above 2300 with an advance of 0.36% to 2316.1. Meanwhile, the Dow increased 0.48% to 20269.4 and the NASDAQ rose 0.33% to 5734.1.
The last two days really turned things around for the week, which had a very timid start as investors wondered when The Donald would get around to his pro-growth promises. But as Friday's closing bell rang, the simple statement from POTUS helped the S&P to rise 0.8% for the week, while the Dow and NASDAQ climbed by 1% and 1.2%, respectively. Stocks may have been given enough "oomph" to keep moving higher into the new week, but will be expecting to see some specifics from the White House sooner rather than later.
The portfolios were busy to end the week. Options Trader cashed in a spread for a solid double-digit return, while Zacks Counterstrike shorted one name that's gotten a bit ahead of itself and bought another that was unnecessarily sold off despite a solid quarter. Insider Trader and Game Changers also bought during the session. Read more about these moves below:
Today's Portfolio Highlights:
Options Trader: Applied Materials (AMAT) has responded perfectly since Kevin added the company back in November. However, its earnings report is only 64 days away now, and there isn't a big enough cushion over the spread to weather a possible poor response to the results. So the editor decided to play it safe and just pull the profits from the spread by selling to close the April 30.00 Call AND buying to close the April 35.00 Call. The spread brought a profit of 65% to the portfolio.
Zacks Counterstrike: Shares of Deckers Outdoor (DECK) have soared past $52 on rumors that the company may eventually be up for sale. But Jeremy is skeptical that this Zacks Rank #5 will find a buyer at valuation level, especially after DECK missed fourth-quarter expectations and guided lower. That means the stock is WAAAY too high right now and is bound to come down, so the editor shorted it in the portfolio with an 11% allocation.
Counterstrike also bought a 12% allocation in software developer Aspen Technology (AZPN). It's a classic case of the HFTs dragging down a company after a solid quarterly report. The Zacks Rank #1 dipped right into a 50% Fibonacci long, which is one of Jeremy's favorite buying signals. He thinks AZPN is heading back to all-time highs. Read more about both of these moves in the complete commentary.
Insider Trader: Analysts are feeling a bit better about the acquisition of Rite-Aid by Walgreens Boots Alliance (WBA), after the drug and beauty giant announced that it would extend its offer, divest more stores and pay less for the shares. In the aftermath of this modified deal, the Chief Operating Officer and a director both bought shares earlier this month. Tracey also liked this amended deal and decided to sell BSM to make room for an approximately 9% position in WBA. Get a lot more specifics on this new addition in the complete commentary, and be ready for more buys next week.
Game Changers: Lincoln Electric (LECO) recently moved its quarterly report up by two weeks. Sometimes such a move means nothing at all, but other times it is a signal that there's good news coming. Brian is in the latter camp, and so he brought the portfolio up to 100% invested by buying this welding, cutting and brazing products company. This Zacks Rank #2 is a "Trump stock through and through" , and it posted a solid beat in its previous quarterly announcement. The editor is expecting more of the same when LECO reports again on February 14. Read the complete commentary for more on this new addition.
Have a Great Weekend,
Jim Giaquinto
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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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Zacks Counterstrike: Shares of Deckers Outdoor (DECK) have soared past $52 on rumors that the company may eventually be up for sale. But Jeremy is skeptical that this Zacks Rank #5 will find a buyer at valuation level, especially after DECK missed fourth-quarter expectations and guided lower. The major indices chalked up another session of all-time highs on Friday as the market continues to coast on the president's recent statement that "phenomenal" tax measures are on the way.
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Zacks Counterstrike: Shares of Deckers Outdoor (DECK) have soared past $52 on rumors that the company may eventually be up for sale. But Jeremy is skeptical that this Zacks Rank #5 will find a buyer at valuation level, especially after DECK missed fourth-quarter expectations and guided lower. So the editor decided to play it safe and just pull the profits from the spread by selling to close the April 30.00 Call AND buying to close the April 35.00 Call.
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Zacks Counterstrike: Shares of Deckers Outdoor (DECK) have soared past $52 on rumors that the company may eventually be up for sale. But Jeremy is skeptical that this Zacks Rank #5 will find a buyer at valuation level, especially after DECK missed fourth-quarter expectations and guided lower. Options Trader cashed in a spread for a solid double-digit return, while Zacks Counterstrike shorted one name that's gotten a bit ahead of itself and bought another that was unnecessarily sold off despite a solid quarter.
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Zacks Counterstrike: Shares of Deckers Outdoor (DECK) have soared past $52 on rumors that the company may eventually be up for sale. But Jeremy is skeptical that this Zacks Rank #5 will find a buyer at valuation level, especially after DECK missed fourth-quarter expectations and guided lower. The spread brought a profit of 65% to the portfolio.
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23ba2240-d20a-46db-9d68-e459f90b8f26
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724487.0
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2017-02-08 00:00:00 UTC
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What Makes Deckers Outdoor (DECK) a Strong Sell?
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DECK
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https://www.nasdaq.com/articles/what-makes-deckers-outdoor-deck-a-strong-sell-2017-02-08
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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 Deckers Outdoor CorporationDECK , 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 #5 (Strong Sell) further confirms weakness in DECK.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen three estimates moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from $4.16 a share a month ago to its current level of $3.49.
Also, for the current quarter, Deckers Outdoorhas seen four downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to a loss of 5 cents a share from earnings of 43 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 20.8% in the past month.
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor 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 - Francesca's Holdings Corporation FRAN . The stock currently holds a Zacks Rank #2 (Buy) and may be a better selection at this time. 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
Francesca's Holdings Corporation (FRAN): 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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One such stock that you may want to consider dropping is Deckers Outdoor CorporationDECK , 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 #5 (Strong Sell) further confirms weakness in DECK. Also, for the current quarter, Deckers Outdoorhas seen four downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to a loss of 5 cents a share from earnings of 43 cents over the past 30 days.
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Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor 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. 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. One such stock that you may want to consider dropping is Deckers Outdoor CorporationDECK , 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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One such stock that you may want to consider dropping is Deckers Outdoor CorporationDECK , 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. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor 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. 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.
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One such stock that you may want to consider dropping is Deckers Outdoor CorporationDECK , 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. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation Price and Consensus | Deckers Outdoor 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. A Zacks Rank #5 (Strong Sell) further confirms weakness in DECK.
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a26bb073-3faa-403d-b8d7-2c22d5bf9a63
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724488.0
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2017-02-08 00:00:00 UTC
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Bear of the Day: Deckers (DECK)
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DECK
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https://www.nasdaq.com/articles/bear-day-deckers-deck-2017-02-08
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nan
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nan
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Another day, another disappointing earnings report out of a retail stock. It's been the trend now for the last several quarters and retailers around the world struggle with lower foot traffic at malls and an increasing online marketplace. Today's Bear of the Day is one of these retailers, Deckers Outdoor (DECK).
Deckers Outdoor Corporation (DECK) designs and markets a range of global lifestyle brands that include UGG, Teva, Sanuk, Hoka One One, and Koolaburra. You remember UGG boots, the hot fashion item of 2004. With footwear slowing as a category, it's no wonder that niche brands like this would also struggle a bit.
Just how bad is the struggle right now? Q3 provided not only a disappointing report but also a bleak outlook. The name of the game in Q4 now isn't expansion and profits but cost-cutting initiatives. EPS fell 14% at $4.11 in Q3 versus consensus estimates calling for $4.25. Revenues were off 4.5% to $760.3 million, versus $789 million. Even margins contracted to 24%. A big chunk of the revenue shortfall came from the US where sales were off 9.9%. UGG brand dipped 5.3%. This was followed by cuts in Q4 outlook that included EPS guidance to $3.45 to $3.55, down 22 to 24%, on revenues that are expected to dip 5%.
It's no wonder that the stock is a Zacks Rank #5 (Strong Sell) right now. Four analysts have come in and dropped their estimates for the current quarter while five have come in and dropped their estimates for next year. The bearish sentiment has brought our Zacks Consensus Estimate down from 43 cents to a loss of 5 cents for the current quarter while sinking next year's number from $4.52 to $4 even. Next quarter's number has gone from a loss of $1.60 to a loss of $1.72.
Investors looking for other stocks within the same industry should take a look at Zacks Rank #2 (Buy) stocks Francesca's (FRAN) and Rocky Brands (RCKY).
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Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
Francesca's Holdings Corporation (FRAN): 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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Deckers Outdoor Corporation (DECK) designs and markets a range of global lifestyle brands that include UGG, Teva, Sanuk, Hoka One One, and Koolaburra. Today's Bear of the Day is one of these retailers, Deckers Outdoor (DECK). Click to get this free report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): 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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Click to get this free report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Today's Bear of the Day is one of these retailers, Deckers Outdoor (DECK). Deckers Outdoor Corporation (DECK) designs and markets a range of global lifestyle brands that include UGG, Teva, Sanuk, Hoka One One, and Koolaburra.
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Click to get this free report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Today's Bear of the Day is one of these retailers, Deckers Outdoor (DECK). Deckers Outdoor Corporation (DECK) designs and markets a range of global lifestyle brands that include UGG, Teva, Sanuk, Hoka One One, and Koolaburra.
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Today's Bear of the Day is one of these retailers, Deckers Outdoor (DECK). Deckers Outdoor Corporation (DECK) designs and markets a range of global lifestyle brands that include UGG, Teva, Sanuk, Hoka One One, and Koolaburra. Click to get this free report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Francesca's Holdings Corporation (FRAN): 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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958ca1f3-18f4-445f-a1a9-a5d70d607f09
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724489.0
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2017-02-03 00:00:00 UTC
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Mid-Day Update: U.S. Stocks Rise After Strong Jobs Gain; Mining Shares Weak After China Data and Money Tightening
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DECK
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https://www.nasdaq.com/articles/mid-day-update-us-stocks-rise-after-strong-jobs-gain-mining-shares-weak-after-china-data
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U.S. stocks were higher at mid-session after a better-than-expected jobs report.
January nonfarm payrolls rose by 227,000, exceeding expectations for 175,000. The unemployment rate ticked up to 4.8%, but remained below the 5% level considered to be full employment. Hourly average wages only edged up three cents, or 0.1%, which could keep the Federal Reserve's plans for a rate hike at bay for now.
Separately, December U.S. factory orders rose 1.3% to top forecasts for up 0.9%, and the final Markit services Purchasing Managers' Index (PMI) bounced 1.7 points to 55.6 in January, more than erasing the 0.7 point slide to 53.9 in December's final read (and is better than the 55.1 expected and preliminary January showing).
The strong U.S. jobs report lifted European bourses, although mining stocks lagged after China's central bank tightened monetary policy and the January China Caixin manufacturing purchasing managers' index (PMI) missed expectations. The PMI came in at 51, down from December's 51.9 and below a Reuters' poll forecast for 51.8. A reading above 50 signals expansion while a reading below suggests contraction.
Meanwhile, the People's Bank of China raised the interest rates it charges commercial banks on seven-day, 14-day and 28-day loans by 0.1 percentage point.
U.S. banks got an extra push higher after reports U.S. President Donald Trump is set to sign orders to review financial industry regulations known as Dodd-Frank and halt implementation of a rule requiring financial advisers to act in the best interests of their clients.
Separately, Visa ( V ) rose after results beat Q4 expectations, but Amazon.com ( AMZN ) fell after the company forecast a surprise dip in operating profit for the current quarter. Deckers Outdoor ( DECK ) reported weaker-than-expected sales.
Crude oil is up 0.5% to $53.81 per barrel. Natural gas is down 4.33% to $3.049 per 1 million BTU. Gold is up 0.2%to $1221.90 an ounce, while silver is up 0.41% to 17.50 an ounce. Copper is down 2.27% to $2.6245 per pound.
Among energy ETFs, the United States Oil Fund is flat at $11.51 with the United States Natural Gas Fund is down 3.65% to $7.66. Among precious-metal funds, the Market Vectors Gold Miners is up 0.57% to $24.52 while SPDR Gold Shares are up 0.38% to 116.29. The iShares Silver Trust is up 0.18% to $16.59.
Here's where the markets stand at mid-day:
US MARKETS
NYSE Composite Index is up 85.17 (+0.76%) to 11,300.55
Dow Jones Industrial Index is up 169.33 (+0.85%) to 20,054.24
S&P 500 is up 15.67 (+0.69%) to 2,296.52
Nasdaq Composite Index is up 21.08 (+0.37%) to 5,657.27
GLOBAL SENTIMENT
FTSE 100 is up 47.55 (+0.67%) to 7,188.30
DAX is up 23.54(+0.2%) to 11,651.49
CAC 40 is up 31.13 (+0.65%) to 4,825.42
Nikkei 225 is up 3.62 (+0.02%) to 18,918.20
Hang Seng Index is down 55.31 (-0.24%) to 23,129.21
Shanghai China Composite Index is down 19 (-0.6%) to 3,140.17
NYSE SECTOR INDICES NYSE
Energy Sector Index is up 0.86% to 16,524.27
NYSE Financial Sector Index is up 1.62% to 10,784.87
NYSE Healthcare Sector Index is up 0.22% to 16,890.21
UPSIDE MOVERS
(+) M (+6.74%) Report Hudson's Bay approaches co about buyout.
(+) DATA (+16.78%) Better-than-expected Q4 results
(+) AMGN (+3.68%) Posts Q4 results beat
(+) V (+5.02%) Tops Q4 estimates
(+) FTNT (+13.22%) Tops Q4 estimates
DOWNSIDE MOVERS
(-) AN (-2%) Tops Q4 EPS estimate
(-) CMG (-3.9%) Misses Q4 EPS forecast
(-) FEYE (-16.58%) Beats Q4 EPS estimate but Q1 seen light, CFO to leave
(-) AMZN (-3.27%) Tops Q4 profit estimate, revenues miss; outlook surprises
(-) GPRO (-11.03%) Q4 revenues miss expectations, Q1 revenue outlook below
Street
(-) DECK (-16.87%) Fiscal Q3 results miss expectations
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor ( DECK ) reported weaker-than-expected sales. (-) AN (-2%) Tops Q4 EPS estimate (-) CMG (-3.9%) Misses Q4 EPS forecast (-) FEYE (-16.58%) Beats Q4 EPS estimate but Q1 seen light, CFO to leave (-) AMZN (-3.27%) Tops Q4 profit estimate, revenues miss; outlook surprises (-) GPRO (-11.03%) Q4 revenues miss expectations, Q1 revenue outlook below Street (-) DECK (-16.87%) Fiscal Q3 results miss expectations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Hourly average wages only edged up three cents, or 0.1%, which could keep the Federal Reserve's plans for a rate hike at bay for now.
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(-) AN (-2%) Tops Q4 EPS estimate (-) CMG (-3.9%) Misses Q4 EPS forecast (-) FEYE (-16.58%) Beats Q4 EPS estimate but Q1 seen light, CFO to leave (-) AMZN (-3.27%) Tops Q4 profit estimate, revenues miss; outlook surprises (-) GPRO (-11.03%) Q4 revenues miss expectations, Q1 revenue outlook below Street (-) DECK (-16.87%) Fiscal Q3 results miss expectations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Deckers Outdoor ( DECK ) reported weaker-than-expected sales. The strong U.S. jobs report lifted European bourses, although mining stocks lagged after China's central bank tightened monetary policy and the January China Caixin manufacturing purchasing managers' index (PMI) missed expectations.
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(-) AN (-2%) Tops Q4 EPS estimate (-) CMG (-3.9%) Misses Q4 EPS forecast (-) FEYE (-16.58%) Beats Q4 EPS estimate but Q1 seen light, CFO to leave (-) AMZN (-3.27%) Tops Q4 profit estimate, revenues miss; outlook surprises (-) GPRO (-11.03%) Q4 revenues miss expectations, Q1 revenue outlook below Street (-) DECK (-16.87%) Fiscal Q3 results miss expectations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Deckers Outdoor ( DECK ) reported weaker-than-expected sales. Separately, December U.S. factory orders rose 1.3% to top forecasts for up 0.9%, and the final Markit services Purchasing Managers' Index (PMI) bounced 1.7 points to 55.6 in January, more than erasing the 0.7 point slide to 53.9 in December's final read (and is better than the 55.1 expected and preliminary January showing).
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Deckers Outdoor ( DECK ) reported weaker-than-expected sales. (-) AN (-2%) Tops Q4 EPS estimate (-) CMG (-3.9%) Misses Q4 EPS forecast (-) FEYE (-16.58%) Beats Q4 EPS estimate but Q1 seen light, CFO to leave (-) AMZN (-3.27%) Tops Q4 profit estimate, revenues miss; outlook surprises (-) GPRO (-11.03%) Q4 revenues miss expectations, Q1 revenue outlook below Street (-) DECK (-16.87%) Fiscal Q3 results miss expectations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Hourly average wages only edged up three cents, or 0.1%, which could keep the Federal Reserve's plans for a rate hike at bay for now.
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218ebe29-fee2-4814-a9ed-60a4a2aac901
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724490.0
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2017-02-03 00:00:00 UTC
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Mid-Day Market Update: Dow Surges Over 150 Points; Deckers Shares Slide On Downbeat Earnings
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DECK
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https://www.nasdaq.com/articles/mid-day-market-update-dow-surges-over-150-points-deckers-shares-slide-downbeat-earnings
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nan
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nan
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Midway through trading Friday, the Dow traded up 0.83 percent to 20,049.85 while the NASDAQ climbed 0.34 percent to 5,655.42. The S&P also rose, gaining 0.66 percent to 2,295.91.
Leading and Lagging Sectors
Financial shares rose by 1.41 percent in trading on Friday. Meanwhile, top gainers in the sector included MBT Financial Corp. (NASDAQ: MBTF ), and Mitsubishi UFJ Financial Group Inc (ADR) (NYSE: MTU ).
In trading on Friday, basic material shares slipped by 0.85 percent. Meanwhile, top losers in the sector included Cliffs Natural Resources Inc (NYSE: CLF ), down 7 percent, and Vale SA (ADR) (NYSE: VALE ), down 6 percent.
Top Headline
Amazon.com, Inc. (NASDAQ: AMZN ) reported upbeat earnings for its fourth quarter, but sales missed estimates. The company also issued a weak sales forecast for the first quarter.
Amazon reported Q4 EPS of $1.54, beating analysts' estimates by $0.19. Its revenue came in at $43.7 billion, missing expectations by $980 million. Amazon projects Q1 sales of $33.25 billion to $35.75 billion, versus analysts' estimates of $36 billion.
Equities Trading UP
Cambrex Corporation (NYSE: CBM ) shares shot up 16 percent to $59.35 after the company posted strong quarterly results.
Shares of Paylocity Holding Corp (NASDAQ: PCTY ) got a boost, shooting up 18 percent to $35.20 after the company reported better-than-expected quarterly earnings.
Tableau Software Inc (NYSE: DATA ) shares were also up, gaining 16 percent to $56.01 after the company posted upbeat quarterly results.
Equities Trading DOWN
Interpace Diagnostics Group Inc (NASDAQ: IDXG ) shares dropped 27 percent to $3.17. Interpace Diagnostics priced 1.2 million shares at $3 per share.
Shares of FireEye Inc (NASDAQ: FEYE ) were down around 17 percent to $10.82 after the company issued a weak outlook for the current quarter. The company also reported the departure of its CFO and Board Chairman.
Deckers Outdoor Corp (NASDAQ: DECK ) was down, falling around 17 percent to $46.09 after the company reported downbeat earnings for its third quarter and issued a weak forecast.
Commodities
In commodity news, oil traded up 0.80 percent to $53.97 while gold traded up 0.03 percent to $1,219.80.
Silver traded up 0.24 percent Friday to $17.47, while copper fell 2.29 percent to $2.62.
Eurozone
European shares were higher today. The eurozone's STOXX 600 gained 0.70 percent, the Spanish Ibex Index rose 0.72 percent, while Italy's FTSE MIB Index surged 1.22 percent. Meanwhile the German DAX gained 0.28 percent, and the French CAC 40 climbed 0.88 percent while U.K. shares rose 0.81 percent.
Economics
The U.S. economy added 227,000 new jobs in January, while the unemployment rate increased to 4.8 percent. Economists were expecting a gain of 175,000 nonfarm jobs.
The Markit services PMI rose to 55.60 in January, versus a prior reading of 55.10. Economists were projecting a reading of 55.10.
U.S. factory orders rose 1.3 percent for December, versus economists' expectations for a 1 percent growth.
The ISM non-manufacturing index declined to 56.50 in January, versus a prior reading of 56.60. Economists expected a reading of 57.00.
The Baker Hughes North American rig count report for the recent week will be released at 1:00 p.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp (NASDAQ: DECK ) was down, falling around 17 percent to $46.09 after the company reported downbeat earnings for its third quarter and issued a weak forecast. Equities Trading UP Cambrex Corporation (NYSE: CBM ) shares shot up 16 percent to $59.35 after the company posted strong quarterly results. Shares of Paylocity Holding Corp (NASDAQ: PCTY ) got a boost, shooting up 18 percent to $35.20 after the company reported better-than-expected quarterly earnings.
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Deckers Outdoor Corp (NASDAQ: DECK ) was down, falling around 17 percent to $46.09 after the company reported downbeat earnings for its third quarter and issued a weak forecast. Top Headline Amazon.com, Inc. (NASDAQ: AMZN ) reported upbeat earnings for its fourth quarter, but sales missed estimates. Amazon projects Q1 sales of $33.25 billion to $35.75 billion, versus analysts' estimates of $36 billion.
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Deckers Outdoor Corp (NASDAQ: DECK ) was down, falling around 17 percent to $46.09 after the company reported downbeat earnings for its third quarter and issued a weak forecast. Midway through trading Friday, the Dow traded up 0.83 percent to 20,049.85 while the NASDAQ climbed 0.34 percent to 5,655.42. The eurozone's STOXX 600 gained 0.70 percent, the Spanish Ibex Index rose 0.72 percent, while Italy's FTSE MIB Index surged 1.22 percent.
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Deckers Outdoor Corp (NASDAQ: DECK ) was down, falling around 17 percent to $46.09 after the company reported downbeat earnings for its third quarter and issued a weak forecast. Leading and Lagging Sectors Financial shares rose by 1.41 percent in trading on Friday. Tableau Software Inc (NYSE: DATA ) shares were also up, gaining 16 percent to $56.01 after the company posted upbeat quarterly results.
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bc5dea53-1eba-4362-8a32-1814cacea568
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724491.0
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2017-02-03 00:00:00 UTC
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Deckers (DECK) Crashes on Q3 Earnings Miss and Bleak View
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DECK
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https://www.nasdaq.com/articles/deckers-deck-crashes-on-q3-earnings-miss-and-bleak-view-2017-02-03
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nan
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nan
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After witnessing six straight quarters of earnings beat, Deckers Outdoor CorporationDECK succumbed to a negative earnings surprise in third-quarter fiscal 2017. Top line also struggled and fell short of the estimate for the second quarter in row. The dismal performance compelled this footwear and apparel company to provide a bleak outlook. Analysts pointed that tough retail landscape, soft start to holiday season, and sluggish sale of UGG boots and shoes hurt the company's results.
All these factors have made investors apprehensive. Consequently, shares of this Goleta, CA-based company nosedived roughly 23% during after-market trading hours yesterday. We noted that Deckers' shares have plunged about 29.7% in the past six months compared with the Zacks categorized Shoes & Retail Apparel industry that declined only 3.3%.
Deckers posted adjusted earnings of $4.11 per share that missed the Zacks Consensus Estimate of $4.24 and also management's earlier projection of $4.16-$4.28 per share for the quarter. The quarterly earnings dropped 14% year over year.
FindTheCompany | Graphiq
Net sales came in at $760.3 million, down 4.5% year over year, and also came below the Zacks Consensus Estimate of $786.8 million. The company had earlier anticipated net sales to be flat to down 2% for the quarter under review. On a constant currency basis, net sales declined 3.7%.
Further, the company's domestic net sales declined 9.9% to $489.5 million in the reported quarter. On the contrary, international net sales jumped 7.2% to $270.8 million, while on a constant currency basis, the same climbed 11.7%.
Direct-to-consumer (DTC) net sales advanced 5.8% to $371.7 million, while on a constant currency basis, sales increased 7.4%. DTC comparable sales grew 4.7% year over year. Wholesale and distributor net sales in the reported quarter decreased 12.6% to $388.6 million, while on a constant currency basis, sales plunged 12.5%.
Gross margin expanded 140 basis points to 50.5% due to improved input costs and increase in proportion of DTC sales.
Deckers is focused on expanding its brand assortments, introducing a more innovative line of products, targeting consumers digitally via marketing and sturdy eCommerce along with optimizing omnichannel distribution. The company's omnichannel endeavors include Click & Collect, Infinite UGG and new UGG Rewards loyalty program.
Moreover, management expects cost savings of about $150 million by the end of fiscal 2019 on the back of SG&A savings, including headcount reduction; improvement in cost of goods sold; and closure of retail outlets that will lower operating expenses.
Management hinted that the company's outlets are witnessing lower traffic. With respect to the store fleet optimization plan that focuses on striking the right balance between digital and physical stores, Deckers plans to close approximately 24 outlets.
Brand-wise Discussion
UGG brand net sales went down 5.3% to $704 million in the reported quarter. On a constant currency basis, sales declined 4.4%. Sales fell owing to lower domestic wholesale sales on account of sluggish start to the quarter, partly offset by sturdy DTC comparable sales.
Teva brand net sales grew 3.9% to $14.6 million, while on a constant currency basis, the same inched up 2%. Sales increased due to higher global DTC sales.
Net sales for the Sanuk brand, known for its exclusive sandals and shoes, plummeted 18.4% year over year to $13.9 million on both a reported and constant currency basis. The decline in sales came on account of lower global wholesale and distributor sales.
Combined net sales of Deckers' Other brands came in at $27.8 million in the quarter, surging 28.6% year over year. On a constant currency basis, sales were up 27.9%. The increase in net sales was principally attributable to higher HOKA ONE ONE brand net sales that advanced 18.3% and increase in Koolaburra brand sales.
Other Financial Aspects
At the end of the quarter, Deckers had cash and cash equivalents of $296.4 million, short-term borrowings of $30.2 million and shareholders' equity of $970.5 million. Inventories inched up 0.8% year over year to $373.5 million.
During the quarter, the company bought back approximately 222,500 shares for $12.6 million at an average price of $56.51. As of Dec 31, 2016, the company had $65.3 million remaining at its disposal under its $200 million stock buyback program.
Guidance
Management trimmed its fiscal 2017 outlook following a disappointing performance. Deckers now expects net sales to decline 5% and projects earnings between $3.45 and $3.55 per share. The company had earlier forecast net sales to decline in the band of 1.5-3% and earnings in the range of $4.05−$4.25 for fiscal 2017.
Gross margin for the fiscal year is anticipated to be 47%. Further, SG&A expense as a percentage of sales is expected to be nearly 38%.
In the fourth quarter, net sales are estimated to decline by 5-6%. Management envisions bottom line in the band of break-even to a loss of 10 cents a share compared with the adjusted earnings 11 cents reported in the year-ago period.
The current Zacks Consensus Estimate for the fourth quarter and fiscal 2017 stands at 43 cents and $4.15, respectively, which could witness a downward revision in the coming days.
Zacks Rank
Deckers carries a Zacks Rank #3 (Hold). Investors interested in the retail space may consider some better-ranked stocks such as Big 5 Sporting Goods Corporation BGFV , The Children's Place, Inc. PLCE and Tailored Brands, Inc. TLRD , all flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Big 5 Sporting Goods delivered an average positive earnings surprise of 4.8% in the trailing four quarters and has a long-term earnings growth rate of 12%.
The Children's Place delivered an average positive earnings surprise of 36.3% in the trailing four quarters and has a long-term earnings growth rate of 10.3%.
Tailored Brands delivered an average positive earnings surprise of 8.4% in the trailing four quarters and has a long-term earnings growth rate of 17.5%.
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Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Big 5 Sporting Goods Corporation (BGFV): 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.
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 its brand assortments, introducing a more innovative line of products, targeting consumers digitally via marketing and sturdy eCommerce along with optimizing omnichannel distribution. After witnessing six straight quarters of earnings beat, Deckers Outdoor CorporationDECK succumbed to a negative earnings surprise in third-quarter fiscal 2017. We noted that Deckers' shares have plunged about 29.7% in the past six months compared with the Zacks categorized Shoes & Retail Apparel industry that declined only 3.3%.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): 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. After witnessing six straight quarters of earnings beat, Deckers Outdoor CorporationDECK succumbed to a negative earnings surprise in third-quarter fiscal 2017. We noted that Deckers' shares have plunged about 29.7% in the past six months compared with the Zacks categorized Shoes & Retail Apparel industry that declined only 3.3%.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): 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. After witnessing six straight quarters of earnings beat, Deckers Outdoor CorporationDECK succumbed to a negative earnings surprise in third-quarter fiscal 2017. We noted that Deckers' shares have plunged about 29.7% in the past six months compared with the Zacks categorized Shoes & Retail Apparel industry that declined only 3.3%.
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Deckers now expects net sales to decline 5% and projects earnings between $3.45 and $3.55 per share. After witnessing six straight quarters of earnings beat, Deckers Outdoor CorporationDECK succumbed to a negative earnings surprise in third-quarter fiscal 2017. We noted that Deckers' shares have plunged about 29.7% in the past six months compared with the Zacks categorized Shoes & Retail Apparel industry that declined only 3.3%.
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14c88bce-9121-487c-bf75-05824080571f
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724492.0
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2017-02-03 00:00:00 UTC
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Mid-Morning Market Update: Markets Open Higher; Amazon Misses Sales Expectations
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DECK
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-open-higher-amazon-misses-sales-expectations-2017-02-03
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nan
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nan
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Following the market opening Friday, the Dow traded up 0.48 percent to 19,981.03 while the NASDAQ climbed 0.25 percent to 5,650.14. The S&P also rose, gaining 0.33 percent to 2,288.34.
Leading and Lagging Sectors
Financial shares rose by 0.92 percent in trading on Friday. Meanwhile, top gainers in the sector included MBT Financial Corp. (NASDAQ: MBTF ), and EZCORP Inc (NASDAQ: EZPW ).
In trading on Friday, basic material shares slipped by 0.69 percent. Meanwhile, top losers in the sector included Haynes International, Inc. (NASDAQ: HAYN ), down 6 percent, and Braskem SA (ADR) (NYSE: BAK ), down 4 percent.
Top Headline
Amazon.com, Inc. (NASDAQ: AMZN ) reported upbeat earnings for its fourth quarter, but sales missed estimates. The company also issued a weak sales forecast for the first quarter.
Amazon reported Q4 EPS of $1.54, beating analysts' estimates by $0.19. Its revenue came in at $43.7 billion, missing expectations by $980 million. Amazon projects Q1 sales of $33.25 billion to $35.75 billion, versus analysts' estimates of $36 billion.
Equities Trading UP
Pixelworks, Inc. (NASDAQ: PXLW ) shares shot up 18 percent to $3.69 after the company reported stronger-than-expected Q4 results.
Shares of Paylocity Holding Corp (NASDAQ: PCTY ) got a boost, shooting up 17 percent to $34.89 after the company reported better-than-expected quarterly earnings.
Tableau Software Inc (NYSE: DATA ) shares were also up, gaining 17 percent to $56.51 after the company posted upbeat quarterly results.
Equities Trading DOWN
Interpace Diagnostics Group Inc (NASDAQ: IDXG ) shares dropped 24 percent to $3.29. Interpace Diagnostics priced 1.2 million shares at $3 per share.
Shares of Kirkland's, Inc. (NASDAQ: KIRK ) were down around 24 percent to $10.31. Kirkland's reported a 4.6 percent drop in its Q4 comparable sales and lowered its FY2016 earnings guidance.
Deckers Outdoor Corp (NASDAQ: DECK ) was down, falling around 17 percent to $45.91 after the company reported downbeat earnings for its third quarter and issued a weak forecast.
Commodities
In commodity news, oil traded up 0.37 percent to $53.74 while gold traded down 0.25 percent to $1,216.30.
Silver traded down 0.28 percent Friday to $17.38, while copper fell 1.17 percent to $2.65.
Eurozone
European shares were higher today. The eurozone's STOXX 600 gained 0.62 percent, the Spanish Ibex Index rose 0.62 percent, while Italy's FTSE MIB Index surged 0.70 percent. Meanwhile the German DAX gained 0.33 percent, and the French CAC 40 climbed 0.87 percent while U.K. shares rose 0.65 percent.
Economics
The U.S. economy added 227,000 new jobs in January, while the unemployment rate increased to 4.8 percent. Economists were expecting a gain of 175,000 nonfarm jobs.
The Markit services PMI rose to 55.60 in January, versus a prior reading of 55.10. Economists were projecting a reading of 55.10.
Data on factory orders for December will be released at 10:00 a.m. ET.
The ISM non-manufacturing index for January is schedule for release at 10:00 a.m. ET.
The Baker Hughes North American rig count report for the recent week will be released at 1:00 p.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
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 (NASDAQ: DECK ) was down, falling around 17 percent to $45.91 after the company reported downbeat earnings for its third quarter and issued a weak forecast. Shares of Paylocity Holding Corp (NASDAQ: PCTY ) got a boost, shooting up 17 percent to $34.89 after the company reported better-than-expected quarterly earnings. Tableau Software Inc (NYSE: DATA ) shares were also up, gaining 17 percent to $56.51 after the company posted upbeat quarterly results.
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Deckers Outdoor Corp (NASDAQ: DECK ) was down, falling around 17 percent to $45.91 after the company reported downbeat earnings for its third quarter and issued a weak forecast. Top Headline Amazon.com, Inc. (NASDAQ: AMZN ) reported upbeat earnings for its fourth quarter, but sales missed estimates. Amazon projects Q1 sales of $33.25 billion to $35.75 billion, versus analysts' estimates of $36 billion.
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Deckers Outdoor Corp (NASDAQ: DECK ) was down, falling around 17 percent to $45.91 after the company reported downbeat earnings for its third quarter and issued a weak forecast. Following the market opening Friday, the Dow traded up 0.48 percent to 19,981.03 while the NASDAQ climbed 0.25 percent to 5,650.14. The eurozone's STOXX 600 gained 0.62 percent, the Spanish Ibex Index rose 0.62 percent, while Italy's FTSE MIB Index surged 0.70 percent.
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Deckers Outdoor Corp (NASDAQ: DECK ) was down, falling around 17 percent to $45.91 after the company reported downbeat earnings for its third quarter and issued a weak forecast. The S&P also rose, gaining 0.33 percent to 2,288.34. Top Headline Amazon.com, Inc. (NASDAQ: AMZN ) reported upbeat earnings for its fourth quarter, but sales missed estimates.
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3b2453a5-41fd-4d25-bdca-1e6b20baf5e2
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724493.0
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2017-02-03 00:00:00 UTC
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Friday Sector Laggards: Textiles, Non-Precious Metals & Non-Metallic Mining Stocks
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DECK
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https://www.nasdaq.com/articles/friday-sector-laggards-textiles-non-precious-metals-non-metallic-mining-stocks-2017-02-03
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nan
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nan
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In trading on Friday, textiles shares were relative laggards, down on the day by about 2.3%. Helping drag down the group were shares of Deckers Outdoor ( DECK ), off about 17.4% and shares of Hanesbrands ( HBI ) down about 15% on the day.
Also lagging the market Friday are non-precious metals & non-metallic mining shares, down on the day by about 0.7% as a group, led down by Vale ( VALE ), trading lower by about 5.5% and SID ( SID ), trading lower by about 4.7%.
VIDEO: Friday Sector Laggards: Textiles, Non-Precious Metals & Non-Metallic Mining Stocks
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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Helping drag down the group were shares of Deckers Outdoor ( DECK ), off about 17.4% and shares of Hanesbrands ( HBI ) down about 15% on the day. In trading on Friday, textiles shares were relative laggards, down on the day by about 2.3%. Also lagging the market Friday are non-precious metals & non-metallic mining shares, down on the day by about 0.7% as a group, led down by Vale ( VALE ), trading lower by about 5.5% and SID ( SID ), trading lower by about 4.7%.
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Helping drag down the group were shares of Deckers Outdoor ( DECK ), off about 17.4% and shares of Hanesbrands ( HBI ) down about 15% on the day. Also lagging the market Friday are non-precious metals & non-metallic mining shares, down on the day by about 0.7% as a group, led down by Vale ( VALE ), trading lower by about 5.5% and SID ( SID ), trading lower by about 4.7%. VIDEO: Friday Sector Laggards: Textiles, Non-Precious Metals & Non-Metallic Mining Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Helping drag down the group were shares of Deckers Outdoor ( DECK ), off about 17.4% and shares of Hanesbrands ( HBI ) down about 15% on the day. Also lagging the market Friday are non-precious metals & non-metallic mining shares, down on the day by about 0.7% as a group, led down by Vale ( VALE ), trading lower by about 5.5% and SID ( SID ), trading lower by about 4.7%. VIDEO: Friday Sector Laggards: Textiles, Non-Precious Metals & Non-Metallic Mining Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Helping drag down the group were shares of Deckers Outdoor ( DECK ), off about 17.4% and shares of Hanesbrands ( HBI ) down about 15% on the day. In trading on Friday, textiles shares were relative laggards, down on the day by about 2.3%. VIDEO: Friday Sector Laggards: Textiles, Non-Precious Metals & Non-Metallic Mining Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ef6c0fc2-c23d-4fbd-88a0-0af6e5e84efa
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724494.0
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2017-02-03 00:00:00 UTC
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Mid-Afternoon Market Update: Tableau Software Climbs After Strong Q4 Results; FireEye Shares Plummet
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DECK
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https://www.nasdaq.com/articles/mid-afternoon-market-update-tableau-software-climbs-after-strong-q4-results-fireeye-shares
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nan
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nan
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Toward the end of trading Friday, the Dow traded up 0.85 percent to 20,054.12 while the NASDAQ climbed 0.41 percent to 5,659.25. The S&P also rose, gaining 0.66 percent to 2,295.83.
Leading and Lagging Sectors
Financial shares rose by 1.42 percent in trading on Friday. Meanwhile, top gainers in the sector included Ladenburg Thalmann Financial Services (NYSE: LTS ), and Mitsubishi UFJ Financial Group Inc (ADR) (NYSE: MTU ).
In trading on Friday, basic material shares slipped by 1.1 percent. Meanwhile, top losers in the sector included Companhia Siderurgica Nacional (ADR) (NYSE: SID ), down 5 percent, and Vale SA (ADR) (NYSE: VALE ), down 6 percent.
Top Headline
Amazon.com, Inc. (NASDAQ: AMZN ) reported upbeat earnings for its fourth quarter, but sales missed estimates. The company also issued a weak sales forecast for the first quarter.
Amazon reported Q4 EPS of $1.54, beating analysts' estimates by $0.19. Its revenue came in at $43.7 billion, missing expectations by $980 million. Amazon projects Q1 sales of $33.25 billion to $35.75 billion, versus analysts' estimates of $36 billion.
Equities Trading UP
Cambrex Corporation (NYSE: CBM ) shares shot up 20 percent to $61.05 after the company posted strong quarterly results.
Shares of bebe stores, inc. (NASDAQ: BEBE ) got a boost, shooting up 18 percent to $5.60 following second-quarter results. bebe stores reported a Q2 loss of $5.2 million on revenue of $101.9 million.
Tableau Software Inc (NYSE: DATA ) shares were also up, gaining 16 percent to $55.85 after the company posted upbeat quarterly results.
Equities Trading DOWN
Interpace Diagnostics Group Inc (NASDAQ: IDXG ) shares dropped 28 percent to $3.12. Interpace Diagnostics priced 1.2 million shares at $3 per share.
Shares of FireEye Inc (NASDAQ: FEYE ) were down around 16 percent to $10.95 after the company issued a weak outlook for the current quarter. The company also reported the departure of its CFO and Board Chairman.
Deckers Outdoor Corp (NASDAQ: DECK ) was down, falling around 17 percent to $45.86 after the company reported downbeat earnings for its third quarter and issued a weak forecast.
Commodities
In commodity news, oil traded up 0.35 percent to $53.73 while gold traded up 0.11 percent to $1,220.70.
Silver traded up 0.32 percent Friday to $17.49, while copper fell 2.51 percent to $2.62.
Eurozone
European shares closed higher today. The eurozone's STOXX 600 gained 0.59 percent, the Spanish Ibex Index rose 0.60 percent, while Italy's FTSE MIB Index surged 1.20 percent. Meanwhile the German DAX gained 0.20 percent, and the French CAC 40 climbed 0.65 percent while U.K. shares rose 0.67 percent.
Economics
The U.S. economy added 227,000 new jobs in January, while the unemployment rate increased to 4.8 percent. Economists were expecting a gain of 175,000 nonfarm jobs.
The Markit services PMI rose to 55.60 in January, versus a prior reading of 55.10. Economists were projecting a reading of 55.10.
U.S. factory orders rose 1.3 percent for December, versus economists' expectations for a 1 percent growth.
The ISM non-manufacturing index declined to 56.50 in January, versus a prior reading of 56.60. Economists expected a reading of 57.00.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
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 (NASDAQ: DECK ) was down, falling around 17 percent to $45.86 after the company reported downbeat earnings for its third quarter and issued a weak forecast. Equities Trading UP Cambrex Corporation (NYSE: CBM ) shares shot up 20 percent to $61.05 after the company posted strong quarterly results. Tableau Software Inc (NYSE: DATA ) shares were also up, gaining 16 percent to $55.85 after the company posted upbeat quarterly results.
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Deckers Outdoor Corp (NASDAQ: DECK ) was down, falling around 17 percent to $45.86 after the company reported downbeat earnings for its third quarter and issued a weak forecast. Meanwhile, top losers in the sector included Companhia Siderurgica Nacional (ADR) (NYSE: SID ), down 5 percent, and Vale SA (ADR) (NYSE: VALE ), down 6 percent. Top Headline Amazon.com, Inc. (NASDAQ: AMZN ) reported upbeat earnings for its fourth quarter, but sales missed estimates.
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Deckers Outdoor Corp (NASDAQ: DECK ) was down, falling around 17 percent to $45.86 after the company reported downbeat earnings for its third quarter and issued a weak forecast. Toward the end of trading Friday, the Dow traded up 0.85 percent to 20,054.12 while the NASDAQ climbed 0.41 percent to 5,659.25. The eurozone's STOXX 600 gained 0.59 percent, the Spanish Ibex Index rose 0.60 percent, while Italy's FTSE MIB Index surged 1.20 percent.
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Deckers Outdoor Corp (NASDAQ: DECK ) was down, falling around 17 percent to $45.86 after the company reported downbeat earnings for its third quarter and issued a weak forecast. The S&P also rose, gaining 0.66 percent to 2,295.83. Leading and Lagging Sectors Financial shares rose by 1.42 percent in trading on Friday.
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724495.0
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2017-02-03 00:00:00 UTC
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Why Deckers Outdoor Corp. Stock Tumbled Today
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DECK
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https://www.nasdaq.com/articles/why-deckers-outdoor-corp-stock-tumbled-today-2017-02-03
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nan
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nan
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Image source: Ugg.
What happened
Shares of Deckers Outdoor Corp. (NYSE: DECK) were slipping today after the Ugg maker reported disappointing third-quarter earnings. As of 11:58 a.m. EST, the stock was down 16.8%.
So what
The holiday-season quarter is the most important one for Deckers as its sheepskin boots are popular in winter, but its results came up short. Earnings per share fell from $4.78 to $4.11, missing estimates of $4.24. Revenue was down as well, decreasing 4.5% to $760.3 million. That also did not meet expectations of $786.8 million. Ugg sales, which make up the vast majority of overall sales, were down 5.3%. CEO Dave Powers said the company experienced a "slow start to the holiday season, but sell-through accelerated sharply late in the quarter." In December, direct-to-consumer comparable sales increased 4.7%, a sign of positive momentum.
Now what
Deckers' outlook for the fourth quarter and the full year was also weak, further pressuring the stock. The company expects sales to fall 5-6% in the current quarter, and a per-share loss of $0.11 to $0.10.
Wall Street, on the other hand, expected revenue growth of 1%-2% and a per-share profit of $0.44, much better than the new guidance.
Deckers stock has been volatile for several years as its trademark Ugg boots move in and out of fashion. With its current guidance and the fact that the company hasn't come up with a stable growth model, this stock may be best avoided.
10 stocks we like better than Deckers Outdoor
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.*
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! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of January 4, 2017
Jeremy Bowman has no position in any 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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What happened Shares of Deckers Outdoor Corp. (NYSE: DECK) were slipping today after the Ugg maker reported disappointing third-quarter earnings. So what The holiday-season quarter is the most important one for Deckers as its sheepskin boots are popular in winter, but its results came up short. Now what Deckers' outlook for the fourth quarter and the full year was also weak, further pressuring the stock.
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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 Shares of Deckers Outdoor Corp. (NYSE: DECK) were slipping today after the Ugg maker reported disappointing third-quarter earnings. So what The holiday-season quarter is the most important one for Deckers as its sheepskin boots are popular in winter, but its results came up short.
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Deckers stock has been volatile for several years as its trademark Ugg boots move in and out of fashion. 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!
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Deckers stock has been volatile for several years as its trademark Ugg boots move in and out of fashion. The Motley Fool recommends Deckers Outdoor. What happened Shares of Deckers Outdoor Corp. (NYSE: DECK) were slipping today after the Ugg maker reported disappointing third-quarter earnings.
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f05f31cc-02a6-4844-bafb-252f4ac85e83
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724496.0
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2017-02-03 00:00:00 UTC
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Consumer Sector Update for 02/03/2017: KIRK,BEBE,DECK
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-02032017-kirkbebedeck-2017-02-03
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nan
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Top Consumer Stocks
WMT -0.19%
MCD +0.86%
DIS -0.05%
CVS +1.48%
KO +0.82%
Consumer stocks were broadly mixed Friday, with shares of consumer staples companies in the S&P 500 extending their recent advance with another 0.9% gain while shares of consumer discretionary firms in the S&P 500 were declining 0.1%.
In company news, Kirkland's ( KIRK ) slumped to a four-year low on Friday after the specialty retailer today reduced its FY16 earnings forecast below Wall Street expectations after sales growth during the 13 weeks ended Jan. 28 trailed its prior guidance by a considerable margin.
The home decor seller is now expecting Q4 net income in a range of $0.56 to $0.61 per share, down from its previous outlook modeling a $0.70- to $0.75-per-share profit and trailing the analyst mean expecting $0.71 per share.
Q4 total sales rose 2.1% over year-ago levels to $203.2 million, lagging its Nov. 11 projection for 7% to 8% growth, while same-store sales fell 4.6% during the period, the company said. Analysts, on average, were looking for $209.1 million in Q4 sales. The company will report its full Q4 and FY16 financial results on March 10 just ahead of the market open.
KIRK shares were down 15% in mid-day trade at $11.55 each, paring a prior 25.7% drop to their lowest price since Dec. 2012 at $10.10 a share.
In other sector news,
(+) BEBE, (+21.9%) Narrows fiscal Q2 net loss compared with last year by $0.03 to $0.65 per share. Net sales fall 16.7% from year-ago levels to $101.9 mln. Same-store sales slide 10.5%. Plans to close up to 25 stores during 2017.
(-) DECK, (-17.3%) Q3 EPS of $4.11 trails Capital IQ consensus by $0.12. Net sales slip 4.5% to $760.3 mln, missing $789.73 mln Street view. Sees Q4 net loss as low as $0.10 per share with 5% to 6% sales slide. Analysts expecting $0.44 per share profit, 7.1% sales rise to $383.47 mln.
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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(-) DECK, (-17.3%) Q3 EPS of $4.11 trails Capital IQ consensus by $0.12. In company news, Kirkland's ( KIRK ) slumped to a four-year low on Friday after the specialty retailer today reduced its FY16 earnings forecast below Wall Street expectations after sales growth during the 13 weeks ended Jan. 28 trailed its prior guidance by a considerable margin. The company will report its full Q4 and FY16 financial results on March 10 just ahead of the market open.
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(-) DECK, (-17.3%) Q3 EPS of $4.11 trails Capital IQ consensus by $0.12. Net sales slip 4.5% to $760.3 mln, missing $789.73 mln Street view. Analysts expecting $0.44 per share profit, 7.1% sales rise to $383.47 mln.
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(-) DECK, (-17.3%) Q3 EPS of $4.11 trails Capital IQ consensus by $0.12. Consumer stocks were broadly mixed Friday, with shares of consumer staples companies in the S&P 500 extending their recent advance with another 0.9% gain while shares of consumer discretionary firms in the S&P 500 were declining 0.1%. In company news, Kirkland's ( KIRK ) slumped to a four-year low on Friday after the specialty retailer today reduced its FY16 earnings forecast below Wall Street expectations after sales growth during the 13 weeks ended Jan. 28 trailed its prior guidance by a considerable margin.
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(-) DECK, (-17.3%) Q3 EPS of $4.11 trails Capital IQ consensus by $0.12. Net sales slip 4.5% to $760.3 mln, missing $789.73 mln Street view. Sees Q4 net loss as low as $0.10 per share with 5% to 6% sales slide.
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b9832b33-a199-4cee-92c3-d2682e04b0a9
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724497.0
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2017-02-02 00:00:00 UTC
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Deckers Suffers Holiday Blues, Sees Tough Times Ahead
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DECK
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https://www.nasdaq.com/articles/deckers-suffers-holiday-blues-sees-tough-times-ahead-2017-02-02
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nan
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nan
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The holiday season is a key one for retailers, and footwear specialist Deckers Outdoor (NYSE: DECK) had hoped that it would be able to rediscover its past growth trends. Yet other retail companies had already revealed that conditions in the retail industry were extremely difficult during the holidays.
Coming into Thursday's fiscal third-quarter financial report, Deckers investors were already prepared for declining profits and sales, but even they weren't ready for the extent of the damage that the Ugg maker had to endure. Moreover, Deckers' guidance for the current future was far from encouraging. Let's take a closer look at Deckers to see what might be behind its sluggish performance.
Image source: Deckers.
Deckers deals with declines
Deckers Outdoor's fiscal third-quarter results weren't pretty. Sales dropped 4.5% to $760.3 million, which was far worse than the $789 million in revenue that most investors were expecting. Net income plunged by nearly three-quarters, and even after allowing for extensive one-time charges against its bottom line, Deckers' adjusted earnings came in at $4.11 per share. That was down by about a seventh from year-ago levels and fell short of the consensus forecast by $0.13 per share.
Looking more closely at how Deckers Outdoor did, one key note was the fact that currency headwinds no longer had a huge impact on the company's overall results. Even on a constant currency basis, net sales were down 3.7%.
Instead, poor performance from the Ugg brand was the key detractor from Deckers' performance. Sales for the brand fell more than 5%, with lower domestic wholesale sales more than outweighing better direct-to-consumer performance. The Teva and Sanuk brands posted mixed performance, with Teva rising and Sanuk sinking, and other brands posted a rise of nearly 30%. Still, with Ugg making up more than seven-eighths of Deckers Outdoor's total sales, the other brands' performance wasn't terribly meaningful.
Wholesale and distributor sales had a huge downward influence on Deckers' total revenue, falling by double-digit percentages from year-ago levels. By contrast, direct-to-consumer sales posted mid-single-digit gains, and comparables grew at a 4.7% clip. Geographically, the domestic segment was very weak, seeing sales fall by a tenth, but international revenue bucked the trend and rose 7% from year-ago levels.
CEO Dave Powers tried to put a rosy note on Deckers Outdoor's performance. "While the slow start to the holiday season limited our reorder opportunities and led to a shortfall in third quarter sales and earnings," Powers said, "sell-through of the Ugg brand accelerated sharply late in the quarter." The CEO also noted that inventory levels were better at the end of this year than they were at the end of 2015.
Can Deckers rebound?
Looking ahead, Deckers will focus on its best opportunities. In particular, the charges related to the Sanuk brand reflect the company's expectations that hoped-for prospects for "future international and domestic expansion are more limited than our initial estimates," in Powers' words.
In addition, Deckers didn't give very favorable guidance for the remainder of the fiscal year. The company now believes that sales will fall 5% for the year, down from previous guidance of a 1.5% to 3% drop, and earnings will come in between $3.45 and $3.55 per share. That bottom-line figure is down $0.60 to $0.70 per share from previous estimates, and it's well below the previous expectations that investors had coming into the report.
For the fiscal fourth quarter, Deckers' guidance was similarly grim. Net sales will fall 5% to 6%, and adjusted earnings per share will range from a breakeven quarter to a loss of $0.10 per share. Investors had wanted a slight sales increase and roughly $0.44 per share in income.
Deckers shareholders were extremely unhappy with the results, sending the stock down more than 20% in after-hours trading immediately following the announcement. In order to right the ship, Deckers Outdoor will have to convince both customers and investors that it can plot a better path forward for the company and its key brands.
10 stocks we like better than Deckers Outdoor
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Dan Caplinger has no position in any 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 holiday season is a key one for retailers, and footwear specialist Deckers Outdoor (NYSE: DECK) had hoped that it would be able to rediscover its past growth trends. Coming into Thursday's fiscal third-quarter financial report, Deckers investors were already prepared for declining profits and sales, but even they weren't ready for the extent of the damage that the Ugg maker had to endure. Moreover, Deckers' guidance for the current future was far from encouraging.
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Deckers deals with declines Deckers Outdoor's fiscal third-quarter results weren't pretty. Still, with Ugg making up more than seven-eighths of Deckers Outdoor's total sales, the other brands' performance wasn't terribly meaningful. The holiday season is a key one for retailers, and footwear specialist Deckers Outdoor (NYSE: DECK) had hoped that it would be able to rediscover its past growth trends.
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Deckers deals with declines Deckers Outdoor's fiscal third-quarter results weren't pretty. Still, with Ugg making up more than seven-eighths of Deckers Outdoor's total sales, the other brands' performance wasn't terribly meaningful. * 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!
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CEO Dave Powers tried to put a rosy note on Deckers Outdoor's performance. * 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! The holiday season is a key one for retailers, and footwear specialist Deckers Outdoor (NYSE: DECK) had hoped that it would be able to rediscover its past growth trends.
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38257d96-fc40-4101-9f7e-88336d8509d7
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724498.0
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2017-02-02 00:00:00 UTC
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Earnings Reaction History: Deckers Outdoor Corporation, 33.3% Follow-Through Indicator, 7.4% Sensitive
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DECK
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https://www.nasdaq.com/articles/earnings-reaction-history-deckers-outdoor-corporation-333-follow-through-indicator-74
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nan
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nan
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Expected Earnings Release: 02/02/2017, After-hours
Avg. Extended-Hours Dollar Volume: $10,995,784
Deckers Outdoor Corporation ( DECK ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in DECK indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 25%
Average next regular session additional gain: 0.1%
Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 0.1%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 40%
Average next regular session additional loss: 6.1%
Over that same historical period, when shares of DECK dropped in the extended-hours in reaction to its earnings announcement, history shows that 40.0% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 6.1% by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
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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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 25% Average next regular session additional gain: 0.1% Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 0.1%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 40% Average next regular session additional loss: 6.1% Over that same historical period, when shares of DECK dropped in the extended-hours in reaction to its earnings announcement, history shows that 40.0% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 6.1% by the following regular session close. Extended-Hours Dollar Volume: $10,995,784 Deckers Outdoor Corporation ( DECK ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Historical earnings event related premarket and after-hours trading activity in DECK indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 25% Average next regular session additional gain: 0.1% Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 0.1%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 40% Average next regular session additional loss: 6.1% Over that same historical period, when shares of DECK dropped in the extended-hours in reaction to its earnings announcement, history shows that 40.0% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 6.1% by the following regular session close.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 25% Average next regular session additional gain: 0.1% Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 0.1%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 40% Average next regular session additional loss: 6.1% Over that same historical period, when shares of DECK dropped in the extended-hours in reaction to its earnings announcement, history shows that 40.0% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 6.1% by the following regular session close. Extended-Hours Dollar Volume: $10,995,784 Deckers Outdoor Corporation ( DECK ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Extended-Hours Dollar Volume: $10,995,784 Deckers Outdoor Corporation ( DECK ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Historical earnings event related premarket and after-hours trading activity in DECK indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 25% Average next regular session additional gain: 0.1% Over the prior three fiscal years (12 quarters), when shares of DECK rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 0.1%.
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58ecfe23-d8a9-489b-b577-b47d4773aaa8
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724499.0
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2017-02-01 00:00:00 UTC
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Apparel Stocks to Release Earnings on Feb 2: HBI, RL, DECK
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DECK
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https://www.nasdaq.com/articles/apparel-stocks-to-release-earnings-on-feb-2%3A-hbi-rl-deck-2017-02-01
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nan
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nan
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While the fourth-quarter earnings season has picked up pace, there are still many companies in the consumer staple sector that are yet to report. If we look into the companies that have reported results so far, we note that as of Jan 30, 171 S&P 500 members have reported their quarterly numbers. Total earnings for these members are up 6% on 3.1% higher revenues, with 64.3% beating EPS estimates and 54.4% coming ahead of top-line expectations, as per the latest Earnings Trend report.
With the improvement and growth in the U.S. and global economy, investors seem to be happy that Q4 is on track to record the best performance in the last eight quarters. Earnings growth has also improved compared with the last few years. At present, sectors including finance, technology, construction, industrial products, basic materials and consumer discretionary look promising and are delivering improved growth in the current quarter. However, the pace of growth is currently modest and positive earnings surprises are not clearly visible.
In the consumer discretionary sector, apparel stocks also posted mixed results. While Coach, Inc. COH topped second-quarter fiscal 2017 earnings, revenues were in line with the Zacks Consensus Estimate. Baltimore-based Under Armour, Inc. UA delivered weaker-than-expected earnings and revenues in fourth-quarter 2016.
Let's see what awaits these three apparel stocks, which are scheduled to release their quarterly numbers on Feb 2.
Deckers Outdoor Corp.DECK , a leading designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report third-quarter fiscal 2017 results on Feb 2 after the market closes . Last quarter, it posted a positive earnings surprise of 3.4%. It has delivered an average positive earnings surprise of 25.2% over the trailing four quarters. The company has an Earnings ESP of 0.71% and a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Our proven model shows that Deckers Outdoor is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 (Buy) or 3 for this to happen. The Most Accurate estimate stands at $4.27, while the Zacks Consensus Estimate is pegged at $4.24. So the ensuing difference - the Earnings ESP - is of +0.71%. A positive ESP combined with the company's Zacks Rank #3, makes us reasonably confident of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Deckers' focus on expanding its brand assortments, bringing more innovative line of products, targeting consumers digitally via marketing and sturdy eCommerce, and optimizing omni-channel distribution bode well. These initiatives not only aided the stock to outperform the Zacks categorized industry so far in the past one year but also helped post positive earnings surprise for the sixth straight quarter. (Read more: Deckers Outdoor Q3 Earnings: Is a Beat in Store? ).
We noted that Deckers' shares have increased 17.6% in the past one year period, compared with the Zacks categorized Shoes & Retail Apparel industry that witnessed a decline of 14.4%. Notably, the industry is part of the bottom 45% of the Zacks Classified industries (145 out of the 265). The broader Consumer Discretionary sector is placed at the bottom 25% of the Zacks Classified sectors (12 out of 16).
Ralph Lauren CorporationRL is slated to report third-quarter fiscal 2017 results on Feb 2 before the market opens. Last quarter, the company delivered a positive earnings surprise of 11.8%. In fact, the company has outperformed the Zacks Consensus Estimate by an average of 11.1% over the trailing four quarters.
The company has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at $1.64 per share. It has a Zacks Rank #4 (Sell).
As it is we caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Ralph Lauren has provided a soft outlook for the third-quarter and fiscal 2017 with its last reported results. Revenue growth for both periods is expected to be impacted by the company's actions to improve the quality of sales, lowered inventory buys, store closures, price management and other initiatives. Also, foreign currency is expected to have an adverse impact on revenues, though by a minimal amount. Further, the company's margins are expected to be hurt by a rise in new store expenses, negative currency impacts, infrastructure investments and fixed expense deleverage. (Read more: Ralph Lauren Q3 Earnings: Will the Stock Disappoint? ).
Moreover, the company's stock price movement depicts a bearish picture. Evidently, Ralph Lauren's shares have declined 21.3% in the past one year, underperforming the Zacks categorized Textile - Apparel Manufacturing industry's drop of 16.1%. Notably, the industry is part of the bottom 14% of the Zacks Classified industries (228 out of the 265).
Next in consideration is Hanesbrands Inc.HBI which is set to report fourth-quarter 2016 results on Feb 2, after the closing bell. Last quarter, the company posted in-line results. In the trailing four quarters, the company has reported in-line results in one, negative surprises in two and positive surprise in one, with an average beat of 2.98%.
The company has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at 57 cents per share. It has a Zacks Rank #4. We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Hanesbrands is consistent with its innovations that help it to maintain market share as well as a loyal customer base. However, it is currently plagued with currency headwinds, soft sales in the Activewear and direct-to-consumer segments, and a lackluster performance of the Champion brand. Notably, the company has also lowered its 2016 guidance as it anticipates soft results in the upcoming fourth quarter. (Read more: Hanesbrands Q4 Earnings: Stock Likely to Disappoint? ).
In the past one year, the shares of this retailer have declined 24%, underperforming the Zacks categorized Textile-Apparel Manufacturing industry which has declined only 16%.
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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
Coach, Inc. (COH): Free Stock Analysis Report
Under Armour, Inc. (UA): Free Stock Analysis Report
Ralph Lauren Corporation (RL): Free Stock Analysis Report
Hanesbrands Inc. (HBI): 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 , a leading designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report third-quarter fiscal 2017 results on Feb 2 after the market closes . Deckers' focus on expanding its brand assortments, bringing more innovative line of products, targeting consumers digitally via marketing and sturdy eCommerce, and optimizing omni-channel distribution bode well. Our proven model shows that Deckers Outdoor is likely to beat earnings estimates this quarter.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Coach, Inc. (COH): Free Stock Analysis Report Under Armour, Inc. (UA): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Hanesbrands Inc. (HBI): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.DECK , a leading designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report third-quarter fiscal 2017 results on Feb 2 after the market closes . Our proven model shows that Deckers Outdoor is likely to beat earnings estimates this quarter.
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Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Coach, Inc. (COH): Free Stock Analysis Report Under Armour, Inc. (UA): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report Hanesbrands Inc. (HBI): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.DECK , a leading designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report third-quarter fiscal 2017 results on Feb 2 after the market closes . Our proven model shows that Deckers Outdoor is likely to beat earnings estimates this quarter.
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Deckers Outdoor Corp.DECK , a leading designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report third-quarter fiscal 2017 results on Feb 2 after the market closes . Our proven model shows that Deckers Outdoor is likely to beat earnings estimates this quarter. Deckers' focus on expanding its brand assortments, bringing more innovative line of products, targeting consumers digitally via marketing and sturdy eCommerce, and optimizing omni-channel distribution bode well.
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bb376544-49fb-4edb-89cd-b09f9d9d4862
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