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724600.0
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2015-05-28 00:00:00 UTC
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After-Hours Earnings Report for May 28, 2015 : AVGO, ULTA, SPLK, GME, DECK, CIB, VEEV, OVTI, BLOX, PLUS, SPWH, QADA
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DECK
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https://www.nasdaq.com/articles/after-hours-earnings-report-may-28-2015-avgo-ulta-splk-gme-deck-cib-veev-ovti-blox-plus
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The following companies are expected to report earnings after hours on 05/28/2015. Visit our Earnings Calendar for a full list of expected earnings releases.
Avago Technologies Limited ( AVGO ) is reporting for the quarter ending April 30, 2015. The electric company company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.83. This value represents a 144.00% increase compared to the same quarter last year. AVGO missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -3.85%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AVGO is 18.26 vs. an industry ratio of -2.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Ulta Salon, Cosmetics & Fragrance, Inc. ( ULTA ) is reporting for the quarter ending April 30, 2015. The retail company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.92. This value represents a 19.48% 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 7.14%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ULTA is 33.50 vs. an industry ratio of 20.10, 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, 2015. The internet software company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.49. This value represents a 16.67% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for SPLK is -35.57 vs. an industry ratio of -20.10.
Gamestop Corporation ( GME ) is reporting for the quarter ending April 30, 2015. The retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.58. This value represents a 1.69% decrease compared to the same quarter last year. The last two quarters GME had negative earnings surprises; the latest report they missed by -0.92%. The "days to cover" for this stock exceeds 40 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for GME is 10.25 vs. an industry ratio of 12.80.
Deckers Outdoor Corporation ( DECK ) is reporting for the quarter ending March 31, 2015. The shoes & retail apparel company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.00. This value represents a 100.00% increase compared to the same quarter last year. DECK missed the consensus earnings per share in the 4th calendar quarter of 2014 by -0.44%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DECK is 15.56 vs. an industry ratio of 20.40.
BanColombia S.A. ( CIB ) is reporting for the quarter ending March 31, 2015. The bank (foreign) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.91. This value represents a 22.88% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for CIB is 11.15 vs. an industry ratio of 11.70.
Veeva Systems Inc. ( VEEV ) is reporting for the quarter ending April 30, 2015. The internet software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.08. This value represents a 60.00% increase compared to the same quarter last year. VEEV missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -16.67%. The "days to cover" for this stock exceeds 15 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for VEEV is 75.11 vs. an industry ratio of -20.10, implying that they will have a higher earnings growth than their competitors in the same industry.
OmniVision Technologies, Inc. ( OVTI ) is reporting for the quarter ending April 30, 2015. The electric company company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.06. This value represents a 76.92% decrease compared to the same quarter last year. OVTI missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -3.7%. The days to cover, as reported in the 5/15/2015 short interest update, increased 141.99% from previous report on 4/30/2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for OVTI is 17.48 vs. an industry ratio of -2.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Infoblox Inc. ( BLOX ) is reporting for the quarter ending April 30, 2015. The computer software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.11. This value represents a 15.38% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for BLOX is -59.23 vs. an industry ratio of -9.80.
ePlus inc. ( PLUS ) is reporting for the quarter ending March 31, 2015. The business software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $1.21. This value represents a 17.48% increase compared to the same quarter last year. In the past year PLUS has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2015 Price to Earnings ratio for PLUS is 15.32 vs. an industry ratio of 613.00.
Sportsman's Warehouse Holdings, Inc. ( SPWH ) is reporting for the quarter ending April 30, 2015. The retail (shoe) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.03. This value represents a 40.00% increase compared to the same quarter last year. In the past year SPWH has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 4.76%. The "days to cover" for this stock exceeds 16 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for SPWH is 15.41 vs. an industry ratio of 14.10, implying that they will have a higher earnings growth than their competitors in the same industry.
QAD Inc. ( QADA ) is reporting for the quarter ending April 30, 2015. The business software company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.23. This value represents a 2200.00% decrease compared to the same quarter last year. QADA missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -116.67%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for QADA is -48.69 vs. an industry ratio of 613.00.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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, 2015. DECK missed the consensus earnings per share in the 4th calendar quarter of 2014 by -0.44%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DECK is 15.56 vs. an industry ratio of 20.40.
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Deckers Outdoor Corporation ( DECK ) is reporting for the quarter ending March 31, 2015. DECK missed the consensus earnings per share in the 4th calendar quarter of 2014 by -0.44%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DECK is 15.56 vs. an industry ratio of 20.40.
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Deckers Outdoor Corporation ( DECK ) is reporting for the quarter ending March 31, 2015. DECK missed the consensus earnings per share in the 4th calendar quarter of 2014 by -0.44%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DECK is 15.56 vs. an industry ratio of 20.40.
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DECK missed the consensus earnings per share in the 4th calendar quarter of 2014 by -0.44%. Deckers Outdoor Corporation ( DECK ) is reporting for the quarter ending March 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DECK is 15.56 vs. an industry ratio of 20.40.
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4d53616c-4e9e-41e8-a71b-1401acbbdfb1
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724601.0
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2015-05-14 00:00:00 UTC
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Skechers (SKX) Gains Momentum Following Stellar Q1 Results - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-skx-gains-momentum-following-stellar-q1-results-analyst-blog-2015-05-14
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nan
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nan
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Skechers USA Inc.SKX has been gaining momentum following its impressive first-quarter 2015 performance. Shares of this designer, developer, marketer, and distributor of footwear have surged roughly 31% since Apr 22 when the company announced its results. We believe that the company's strong fundamentals are capable of providing further impetus to the stock.
After delivering a negative earnings surprise of 2.3% in the final quarter of 2014, this Zacks Rank #3 (Hold) company commenced 2015 on an upbeat note. Although the first quarter was marred by foreign currency headwinds, adverse weather conditions and West Coast port-related dispute, the company delivered earnings of $1.10 per share that beat the Zacks Consensus Estimate by 8.9% and surged from 61 cents recorded in the year-ago quarter.
Net sales of $768 million steered ahead of the Zacks Consensus Estimate of $707 million and soared 40.5% from the prior-year quarter. The top line was driven by aggressive marketing initiatives, product innovation across multiple categories and healthy performance across all revenue channels. Moreover, the growth rate accelerated from 26.4% in the fourth quarter of 2014.
With increased focus on the new line of products, cost containment, inventory management, a global distribution platform and sturdy backlogs, the company remains confident of sustaining its growth momentum. However, cautious discretionary spending on the part of consumers due to macro-economic factors such as interest rate hikes, rise in fuel costs and unemployment levels, may act as an impediment.
Nevertheless, for the time being, Skechers is showcasing strength. This is also apparent from the upward movement in the Zacks Consensus Estimate over the past 30 days. The Zacks Consensus Estimate increased 6.5% to $4.23 per share for 2015 and 5.4% to $5.03 per share for 2016.
Favorably Ranked Stocks
Investors interested in the retail space may consider favorably ranked stocks such as Carter's, Inc. CRI , sporting a Zacks Rank #1 (Strong Buy), Deckers Outdoor Corp. DECK and Columbia Sportswear Company COLM , each carrying a Zacks Rank #2 (Buy).
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 >>
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
COLUMBIA SPORTS (COLM): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
CARTERS INC (CRI): 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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Favorably Ranked Stocks Investors interested in the retail space may consider favorably ranked stocks such as Carter's, Inc. CRI , sporting a Zacks Rank #1 (Strong Buy), Deckers Outdoor Corp. DECK and Columbia Sportswear Company COLM , each carrying a Zacks Rank #2 (Buy). Click to get this free report COLUMBIA SPORTS (COLM): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report To read this article on Zacks.com click here. The top line was driven by aggressive marketing initiatives, product innovation across multiple categories and healthy performance across all revenue channels.
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Favorably Ranked Stocks Investors interested in the retail space may consider favorably ranked stocks such as Carter's, Inc. CRI , sporting a Zacks Rank #1 (Strong Buy), Deckers Outdoor Corp. DECK and Columbia Sportswear Company COLM , each carrying a Zacks Rank #2 (Buy). Click to get this free report COLUMBIA SPORTS (COLM): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CARTERS INC (CRI): 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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Favorably Ranked Stocks Investors interested in the retail space may consider favorably ranked stocks such as Carter's, Inc. CRI , sporting a Zacks Rank #1 (Strong Buy), Deckers Outdoor Corp. DECK and Columbia Sportswear Company COLM , each carrying a Zacks Rank #2 (Buy). Click to get this free report COLUMBIA SPORTS (COLM): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report To read this article on Zacks.com click here. Although the first quarter was marred by foreign currency headwinds, adverse weather conditions and West Coast port-related dispute, the company delivered earnings of $1.10 per share that beat the Zacks Consensus Estimate by 8.9% and surged from 61 cents recorded in the year-ago quarter.
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Favorably Ranked Stocks Investors interested in the retail space may consider favorably ranked stocks such as Carter's, Inc. CRI , sporting a Zacks Rank #1 (Strong Buy), Deckers Outdoor Corp. DECK and Columbia Sportswear Company COLM , each carrying a Zacks Rank #2 (Buy). Click to get this free report COLUMBIA SPORTS (COLM): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate increased 6.5% to $4.23 per share for 2015 and 5.4% to $5.03 per share for 2016.
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6136ab2a-3ad3-4bd2-8f6f-95d87226ed93
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724602.0
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2015-04-24 00:00:00 UTC
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Will Big 5 (BGFV) Miss Estimates This Earnings Season? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-big-5-bgfv-miss-estimates-this-earnings-season-analyst-blog-2015-04-24
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nan
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nan
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Big 5 Sporting Goods Corp.BGFV is scheduled to report its first-quarter fiscal 2015 results after market closes on Apr 28. Last quarter, this sporting goods retailer posted a positive earnings surprise of approximately 18.8%. Let's see how things are shaping up for this announcement.
Factors Influencing the Quarter
Big 5 Sporting's previous quarter was adversely impacted by soft holiday season sales. Coming to the first quarter of fiscal 2015, we note that the sales trends have weakened after a strong start in January. While the company displayed comps growth for January backed by excellent winter weather during the New Year shopping period, it stated that comps for February were impacted by extremely unfavorable weather during the President's Day holiday period.
Though the company expects positive comps results for March, it remains concerned about a possible shipping backlog due to the tentatively resolved labor disruption at the West Coast ports. This may raise questions about the availability of products and sales as most of Big 5's products are transported via this coast.
Therefore, the company remains cautious about the first-quarter results, as reflected in its forecast of low to mid-single-digit comps growth and earnings per share of 6-13 cents. Given the aforementioned factors, we also remain apprehensive about the company's performance in the first quarter.
Earnings Whispers?
Our proven model does not conclusively project Big 5 as likely to beat earnings this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 to surpass earnings estimates. However, this is not the case here due to the following factors:
Zacks ESP: ESP for Big 5 is 0.00% since the Most Accurate estimate stands at 11 cents per share, which is in line with the Zacks Consensus Estimate.
Zacks Rank: Big 5's Zacks Rank #3 (Hold) increases the predictive power of ESP. However, we need to have a positive ESP to be confident of an earnings beat. We caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into earnings announcement, especially when the company is undergoing negative estimate revisions.
Stocks That Warrant a Look
Here are some other companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat:
American Eagle Outfitters Inc.'s AEO Earnings ESP stands at +18.18% and it carries a Zacks Rank #2 (Buy).
Best Buy Co. Inc. BBY with an Earnings ESP of +3.45% holds a Zacks Rank #3.
Deckers Outdoor Corp.'s DECK Earnings ESP stands at +100.00% and it carries a Zacks Rank #3.
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
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
DECKERS OUTDOOR (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.'s DECK Earnings ESP stands at +100.00% and it carries a Zacks Rank #3. Click to get this free report BIG 5 SPORTING (BGFV): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Big 5 Sporting Goods Corp.BGFV is scheduled to report its first-quarter fiscal 2015 results after market closes on Apr 28.
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Deckers Outdoor Corp.'s DECK Earnings ESP stands at +100.00% and it carries a Zacks Rank #3. Click to get this free report BIG 5 SPORTING (BGFV): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Warrant a Look Here are some other companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat: American Eagle Outfitters Inc.'s AEO Earnings ESP stands at +18.18% and it carries a Zacks Rank #2 (Buy).
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Click to get this free report BIG 5 SPORTING (BGFV): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.'s DECK Earnings ESP stands at +100.00% and it carries a Zacks Rank #3. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 to surpass earnings estimates.
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Deckers Outdoor Corp.'s DECK Earnings ESP stands at +100.00% and it carries a Zacks Rank #3. Click to get this free report BIG 5 SPORTING (BGFV): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Therefore, the company remains cautious about the first-quarter results, as reflected in its forecast of low to mid-single-digit comps growth and earnings per share of 6-13 cents.
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42087e42-1a58-4fff-aed7-76ee68581ab0
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724603.0
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2015-04-24 00:00:00 UTC
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Is Whirlpool (WHR) Likely to Disappoint Earnings in Q1? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/is-whirlpool-whr-likely-to-disappoint-earnings-in-q1-analyst-blog-2015-04-24
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nan
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nan
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Whirlpool Corp.WHR , the largest home-appliances manufacturer in the world, is slated to report its first-quarter 2015 results on Apr 28, 2015. In the previous quarter, the company delivered a positive surprise of 11.04%. Let's see how things are shaping up for this announcement.
Factors Influencing the Quarter
Whirlpool has delivered lower-than-expected bottom line results in three out of the trailing four quarters, with a negative average surprise of 1.5%. Though the company's fourth-quarter results were strong, its financial performance remains exposed to the ongoing fluctuations in foreign currency rates due to its expansive international operations, accounting for nearly 50% of its revenues. This makes us apprehensive about the company's upcoming results.
Earnings Whispers?
Our proven model does not conclusively show that Whirlpool is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank of #1, 2 or 3 for this to happen. This is not the case here as you will see below.
Zacks ESP: Whirlpool currently has an Earnings ESP of -2.81%. This is because the Most Accurate estimate stands at $2.42 per share, which is below the Zacks Consensus Estimate of $2.49.
Zacks Rank: Whirlpool's Zacks Rank #4 (Sell) when combined with a negative ESP makes surprise prediction unlikely. We caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Other Stocks to Consider
Here are some other companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
American Eagle Outfitters Inc.'s AEO Earnings ESP stands at +18.18% and it carries a Zacks Rank #2 (Buy).
Best Buy Co. Inc. BBY with an Earnings ESP of +3.45% holds a Zacks Rank #3 (Hold).
Deckers Outdoor Corp.'s DECK Earnings ESP stands at +100.00% and it carries a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WHIRLPOOL CORP (WHR): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
DECKERS OUTDOOR (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.'s DECK Earnings ESP stands at +100.00% and it carries a Zacks Rank #3. Click to get this free report WHIRLPOOL CORP (WHR): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Whirlpool Corp.WHR , the largest home-appliances manufacturer in the world, is slated to report its first-quarter 2015 results on Apr 28, 2015.
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Click to get this free report WHIRLPOOL CORP (WHR): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.'s DECK Earnings ESP stands at +100.00% and it carries a Zacks Rank #3. Zacks Rank: Whirlpool's Zacks Rank #4 (Sell) when combined with a negative ESP makes surprise prediction unlikely.
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Click to get this free report WHIRLPOOL CORP (WHR): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.'s DECK Earnings ESP stands at +100.00% and it carries a Zacks Rank #3. We caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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Deckers Outdoor Corp.'s DECK Earnings ESP stands at +100.00% and it carries a Zacks Rank #3. Click to get this free report WHIRLPOOL CORP (WHR): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank: Whirlpool's Zacks Rank #4 (Sell) when combined with a negative ESP makes surprise prediction unlikely.
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e8765b4d-9d05-4eb2-b863-a9ee4eaa1589
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724604.0
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2015-04-23 00:00:00 UTC
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Skechers' (SKX) Q1 Earnings Surpass Estimates, Rise Y/Y - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-skx-q1-earnings-surpass-estimates-rise-y-y-analyst-blog-2015-04-23
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nan
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nan
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Skechers USA Inc.SKX commenced 2015 on an upbeat note, though the first quarter was marred by foreign currency headwinds, adverse weather conditions in many markets and the unrest at West Coast port. This Manhattan Beach, CA-based footwear retailer posted quarterly earnings of $1.10 per share that beat the Zacks Consensus Estimate of $1.01, and surged from 61 cents recorded in the year-ago quarter.
Skechers USA Inc. - Earnings Surprise | FindTheCompany
Net sales came in at $768 million, ahead of the Zacks Consensus Estimate of $707 million and soared 40.5%, driven by aggressive marketing initiatives, product innovation across multiple categories and healthy performance across all revenue channels. Moreover, the growth rate accelerated from 26.4% in the fourth quarter of 2014. Sturdy demand for lifestyle, performance and kids' footwear contributed to revenue growth.
With increased focus on the new line of products, cost containment, inventory management, a global distribution platform and sturdy backlogs, the company remains confident of sustaining the growth momentum in 2015.
Gross profit for the reported quarter increased 38.3% to $332.5 million. However, gross margin contracted 70 basis points (bps) to 43.3% due to the adverse impact of currency translation. Operating income came in at $88.2 million, up significantly from $48.2 million in the prior-year quarter, while as a percentage of sales, it improved 270 bps to 11.5%.
Segmental Sales Synopsis
The domestic wholesale business recorded a revenue increase of 38.2%, reflecting a jump of 30.5% in pairs shipped, and a rise of 5.9% in average price per pair.
Skechers' international wholesale business revenues surged 59.5% on the back of a 58.5% rise in international subsidiaries and joint venture ("JV") sales, as well as an improvement of 62.7% in distributor sales.
At present, international sales constitute 37% of total sales. Management remains confident that over a 3-4 year time frame, overseas operations will contribute 50% to total sales.
On a combined basis, retail business sales grew 19.9%, whereas comparable-store sales advanced 9.3%. Domestic retail sales rose 18.1%, while comparable-store sales increased 8.3%. International retail sales soared 28.5%, whereas comparable-store sales climbed 14.8%. Domestic E-commerce sales improved 7.9% during the quarter.
Store Update
Skechers operated 610 branded stores internationally, owned and operated by JVs, franchisees and distributors at the end of the quarter. Of these stores, 392 are distributor-owned or franchise Skechers retail outlets.
During the reported quarter, 34 third party stores were reopened, including 5 each in China and Taiwan, 3 in India, 2 each in Australia, Hong Kong, Malaysia, Saudi Arabia, South Korea and Sweden, and 1 each in Bahrain, Denmark, England, Indonesia, Latvia, New Zealand, Portugal, Turkey and the UAE. The company also closed three outlets in the quarter. So far in the second quarter, Skechers has opened eight third-party stores. The company plans to open about 140-150 more stores during the rest of 2015.
Skechers operated 453 company-owned retail outlets globally, comprising 88 international locations at the end of the quarter. During the quarter, the company opened six stores and closed two domestic outlets. Skechers plans to open approximately 45-55 retail stores during the remaining part of the year, thereby taking the total store count to 500 by the end of 2015. During the second quarter, the company plans to open 15-20 retail stores, including 10 international locations.
Management aims at a total Skechers store base of about 1,250 by the end of 2015.
Strategic Initiatives
Management is focused on product innovation, additional Skechers store openings and increasing distribution channels by entering into international distribution agreements to boost sales and profitability. Moreover, Skechers' international business remains a significant sales growth driver for the company. Also, through its distribution networks, subsidiaries and JVs, Skechers is poised to enhance its global reach in the footwear market. The company is expanding its European Distribution Center to handle the surge in demand and shipments.
Moreover, in order to enhance its footprint in Central Eastern Europe, management is transitioning a number of distributors to a wholly owned subsidiary to administer 14 countries including Croatia, the Czech Republic, Hungary, Romania and Serbia.
Other Financial Aspects
This Zacks Rank #3 (Hold) company, which competes with Deckers Outdoor Corp. DECK and Nike Inc. NKE , ended first-quarter 2015 with cash and cash equivalents of $396.7 million, long-term debt of $13.7 million and shareholders' equity of $1,133.5 million, excluding non-controlling interest of $63.1 million.
Capital expenditures for the quarter were approximately $14.6 million. Management now envisions capital expenditures for 2015 to be about $55-$60 million.
Stocks to Consider
A better-ranked stock in the industry is Iconix Brand Group, Inc. ICON , which carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NIKE INC-B (NKE): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (ICON): 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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Other Financial Aspects This Zacks Rank #3 (Hold) company, which competes with Deckers Outdoor Corp. DECK and Nike Inc. NKE , ended first-quarter 2015 with cash and cash equivalents of $396.7 million, long-term debt of $13.7 million and shareholders' equity of $1,133.5 million, excluding non-controlling interest of $63.1 million. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. With increased focus on the new line of products, cost containment, inventory management, a global distribution platform and sturdy backlogs, the company remains confident of sustaining the growth momentum in 2015.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects This Zacks Rank #3 (Hold) company, which competes with Deckers Outdoor Corp. DECK and Nike Inc. NKE , ended first-quarter 2015 with cash and cash equivalents of $396.7 million, long-term debt of $13.7 million and shareholders' equity of $1,133.5 million, excluding non-controlling interest of $63.1 million. During the second quarter, the company plans to open 15-20 retail stores, including 10 international locations.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects This Zacks Rank #3 (Hold) company, which competes with Deckers Outdoor Corp. DECK and Nike Inc. NKE , ended first-quarter 2015 with cash and cash equivalents of $396.7 million, long-term debt of $13.7 million and shareholders' equity of $1,133.5 million, excluding non-controlling interest of $63.1 million. Store Update Skechers operated 610 branded stores internationally, owned and operated by JVs, franchisees and distributors at the end of the quarter.
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Other Financial Aspects This Zacks Rank #3 (Hold) company, which competes with Deckers Outdoor Corp. DECK and Nike Inc. NKE , ended first-quarter 2015 with cash and cash equivalents of $396.7 million, long-term debt of $13.7 million and shareholders' equity of $1,133.5 million, excluding non-controlling interest of $63.1 million. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Gross profit for the reported quarter increased 38.3% to $332.5 million.
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5c6fbbc9-0c2d-4854-bba7-b6aec237fb9e
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724605.0
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2015-04-21 00:00:00 UTC
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Deckers' (DECK) Q4 Earnings Season: What's in Store? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-deck-q4-earnings-season%3A-whats-in-store-analyst-blog-2015-04-21
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nan
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nan
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Deckers Outdoor Corp.DECK , designer, producer and brand manager of innovative, niche footwear and accessories, is expected to report fourth-quarter fiscal 2015 results on Apr 23. In the last quarter, the company had posted a negative earnings surprise of 0.4%. Let's see how things are shaping up for this announcement.
Factors Influencing this Quarter
Unfavorable currency fluctuations may hurt the company's results in the quarter to be reported. In the third quarter, a strong U.S. dollar and higher wholesale order cancellations had weighed upon the company's top-line performance. Management also lowered the fiscal 2015 total revenue and earnings per share growth forecast to 13.5% and 12.6%, respectively, from the previous projections of 15% and 15.8%. Moreover, over-reliance on the UGG brand is a concern for the company. In the event of stagnation or decline of UGG sales, Deckers' overall results will be adversely affected. This is because the percentage of contribution from the company's other brands is too small to offset any slowdown in UGG sales.
Earnings Whispers
Our proven model does not conclusively show that Deckers 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, 2 or 3 for this to happen. This is not the case here, as you will see below.
Zacks ESP: Deckers has an Earnings ESP of 100.00%. This is because the Most Accurate estimate is a breakeven, while the Zacks Consensus Estimate stands at a loss of 1 cent.
Zacks Rank: Deckers has a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks that Warrant a Look
Here are some companies you may want to consider as our model shows that these have the right combination of elements:
Tyson Foods, Inc. TSN has an Earnings ESP of +1.35% and a Zacks Rank #2 (Buy).
BJ's Restaurants, Inc. BJRI has an Earnings ESP of +7.14% and a Zacks Rank #2.
The New York Times Company NYT has an Earnings ESP of +12.50% and a Zacks Rank #3 (Hold).
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
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
NY TIMES A (NYT): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
TYSON FOODS A (TSN): 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 , designer, producer and brand manager of innovative, niche footwear and accessories, is expected to report fourth-quarter fiscal 2015 results on Apr 23. In the event of stagnation or decline of UGG sales, Deckers' overall results will be adversely affected. Earnings Whispers Our proven model does not conclusively show that Deckers is likely to beat earnings estimates this quarter.
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Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report NY TIMES A (NYT): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report TYSON FOODS A (TSN): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.DECK , designer, producer and brand manager of innovative, niche footwear and accessories, is expected to report fourth-quarter fiscal 2015 results on Apr 23. In the event of stagnation or decline of UGG sales, Deckers' overall results will be adversely affected.
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Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report NY TIMES A (NYT): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report TYSON FOODS A (TSN): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp.DECK , designer, producer and brand manager of innovative, niche footwear and accessories, is expected to report fourth-quarter fiscal 2015 results on Apr 23. In the event of stagnation or decline of UGG sales, Deckers' overall results will be adversely affected.
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Earnings Whispers Our proven model does not conclusively show that Deckers is likely to beat earnings estimates this quarter. Deckers Outdoor Corp.DECK , designer, producer and brand manager of innovative, niche footwear and accessories, is expected to report fourth-quarter fiscal 2015 results on Apr 23. In the event of stagnation or decline of UGG sales, Deckers' overall results will be adversely affected.
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0426c44e-8284-4c9a-817a-1aa61060a158
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724606.0
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2015-04-09 00:00:00 UTC
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May 29th Options Now Available For Deckers Outdoor (DECK)
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DECK
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https://www.nasdaq.com/articles/may-29th-options-now-available-deckers-outdoor-deck-2015-04-09
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nan
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nan
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Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading today, for the May 29th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new May 29th contracts and identified one put and one call contract of particular interest.
The put contract at the $70.00 strike price has a current bid of $1.05. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $70.00, but will also collect the premium, putting the cost basis of the shares at $68.95 (before broker commissions). To an investor already interested in purchasing shares of DECK, that could represent an attractive alternative to paying $76.39/share today.
Because the $70.00 strike represents an approximate 8% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 74%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 1.50% return on the cash commitment, or 10.95% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $70.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $82.50 strike price has a current bid of $1.20. If an investor was to purchase shares of DECK stock at the current price level of $76.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $82.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.57% if the stock gets called away at the May 29th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DECK shares really soar, which is why looking at the trailing twelve month trading history for Deckers Outdoor Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DECK's trailing twelve month trading history, with the $82.50 strike highlighted in red:
Considering the fact that the $82.50 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 66%. On our website under the contract detail page for this contract , Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 1.57% boost of extra return to the investor, or 11.47% annualized, which we refer to as the YieldBoost .
The implied volatility in the put contract example, as well as the call contract example, are both approximately 42%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $76.39) to be 37%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DECK shares really soar, which is why looking at the trailing twelve month trading history for Deckers Outdoor Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DECK's trailing twelve month trading history, with the $82.50 strike highlighted in red: Considering the fact that the $82.50 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading today, for the May 29th expiration.
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Below is a chart showing DECK's trailing twelve month trading history, with the $82.50 strike highlighted in red: Considering the fact that the $82.50 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading today, for the May 29th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new May 29th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $70.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $82.50 strike price has a current bid of $1.20. Below is a chart showing DECK's trailing twelve month trading history, with the $82.50 strike highlighted in red: Considering the fact that the $82.50 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading today, for the May 29th expiration.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new May 29th contracts and identified one put and one call contract of particular interest. Below is a chart showing DECK's trailing twelve month trading history, with the $82.50 strike highlighted in red: Considering the fact that the $82.50 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading today, for the May 29th expiration.
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73826ef0-f19b-48ee-a9c2-0d09ddcde390
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724607.0
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2015-04-05 00:00:00 UTC
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2 Retail Stocks Wall Street is All Wrong About
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DECK
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https://www.nasdaq.com/articles/2-retail-stocks-wall-street-all-wrong-about-2015-04-05
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nan
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nan
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Even though Wall Street might have thrown these retailers in the dumpster, we believe they have a bright future. Photo: Jim Fischer , via Wikimedia Commons.
The stock market has been on a ridiculous bull run for over six years, but some stocks -- particularly those of retailers -- are suffering greatly. While in certain cases there might be a good reason for the plunge, lower prices on some retailers offer enticing entry points for value investors looking for a deal.
Two Motley Fool contributors offer their thoughts on two retailers they believe are a bargain. While Wall Street might have pushed shares of both companies down over the past few months, here's why investors should take a second look at J.C. Penney and Deckers Outdoor .
Brian Stoffel (Deckers) : While some investors might not have heard of Deckers, they are likely familiar with the company's two biggest brands of shoes: Ugg boots and Teva sandals. So far this fiscal year, these two brands have combined to provide over 90% of the company's revenue.
Shares of Deckers are trading 25% lower today than they were roughly three months ago. Much of that decline came in late January, when the company released its outlook for the current quarter that showed disappointing expectations for the Ugg-branded boots. Shares are currently trading for 16 times trailing earnings and free cash flow, which is cheaper than the broader market.
If the Ugg brand really is in decline, then Deckers will have a tough time supporting its stock price. But we've been down this road before, and it has become abundantly clear the boots are a trend that is here to stay. Here's how Ugg sales have stacked up over the past four years, as well as the past three quarters.
Growth of Ugg Boots Sales | Create infographics
I'm willing to bet sales will continue increasing over time, and that the stock will eventually follow suit.
Rich Duprey (J.C. Penney) : J.C. Penney remains in turnaround mode, and that apparently confuses Wall Street analysts about its prospects. Admittedly, it's hard to judge whether better performance at a troubled company is a trend or just a feint because it's often accompanied by a step backward for every one taken forward. The department store chain is no different.
It has surprised analysts on any number of occasions with stronger sales and better comparables than they anticipated, only to come up short on other metrics. The fourth-quarter earnings report is a case in point : revenue jumped 4% to $3.9 billion and comps of 4% exceeded management's expectations, but the retailer also recorded flat net income, badly missing Wall Street's forecast of an $0.11 per share profit. That's led analysts to warn of possible weakness later this year as J.C. Penney laps the strong comps numbers that confounded them across 2014.
But J.C. Penney has a lot going for it that will confuse the pros once again. Foremost is its partnership with beauty supplies leader Sephora, which continues to drive traffic to the department store, leading to greater cross-sales to those customers. Penney's traffic numbers are still negative overall, but they are running in the right direction.
It also got a handle on its inventory, clearing out all the deep-discounted merchandise and generating fatter margins, with gross margin rising 540 basis points last year to hit 34.8% of sales. Fine jewelry is helping drive those numbers higher, which together with Sephora ought to keep the retailer moving forward.
The right merchandise (it brought back customer-favorite brands) at the right price means J.C. Penney's path toward sustained profitability is just ahead. Shares are trading 20% higher than where they were at year's end, when Wall Street thought the company had achieved the best part of its gains.
But even analysts are starting to come around. Piper Jaffray just raised its price target on Penney's stock to $14 a share and tripled its comparable sales estimates to 3% for the first quarter. The stock might be bounding higher today, but that's not the end of this Cinderella story for J.C. Penney.
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The article 2 Retail Stocks Wall Street is All Wrong About originally appeared on Fool.com.
Brian Stoffel owns shares of Deckers Outdoor. Rich Duprey owns shares of J.C. Penney Company,. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. 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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While Wall Street might have pushed shares of both companies down over the past few months, here's why investors should take a second look at J.C. Penney and Deckers Outdoor . Brian Stoffel (Deckers) : While some investors might not have heard of Deckers, they are likely familiar with the company's two biggest brands of shoes: Ugg boots and Teva sandals. Shares of Deckers are trading 25% lower today than they were roughly three months ago.
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Brian Stoffel owns shares of Deckers Outdoor. While Wall Street might have pushed shares of both companies down over the past few months, here's why investors should take a second look at J.C. Penney and Deckers Outdoor . Brian Stoffel (Deckers) : While some investors might not have heard of Deckers, they are likely familiar with the company's two biggest brands of shoes: Ugg boots and Teva sandals.
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While Wall Street might have pushed shares of both companies down over the past few months, here's why investors should take a second look at J.C. Penney and Deckers Outdoor . Brian Stoffel (Deckers) : While some investors might not have heard of Deckers, they are likely familiar with the company's two biggest brands of shoes: Ugg boots and Teva sandals. Shares of Deckers are trading 25% lower today than they were roughly three months ago.
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Shares of Deckers are trading 25% lower today than they were roughly three months ago. While Wall Street might have pushed shares of both companies down over the past few months, here's why investors should take a second look at J.C. Penney and Deckers Outdoor . Brian Stoffel (Deckers) : While some investors might not have heard of Deckers, they are likely familiar with the company's two biggest brands of shoes: Ugg boots and Teva sandals.
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7d3474b5-7df5-4755-87e8-826b1bbc1ffe
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724608.0
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2015-03-24 00:00:00 UTC
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Deckers (DECK) Unveils Bearish Picture Post Q3 Results - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-deck-unveils-bearish-picture-post-q3-results-analyst-blog-2015-03-24
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nan
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nan
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Deckers Outdoor CorporationDECK has been witnessing a downtrend in the Zacks Consensus Estimate since this designer and producer of footwear and accessories disappointed with its third-quarter fiscal 2015 performance. Management pointed out that the sluggish October and November selling period hurt results. Share price of this Zacks Rank #4 (Sell) company has plunged roughly 12.3% since the earnings announcement on Jan 29, 2015.
Deckers, which competes with Nike, Inc. NKE , let down investors on the earnings front, posting a negative earnings surprise of 0.4%, after two successive earnings beat in financial year 2015 followed by the subsequent trimming of its outlook. Analysts polled by Zacks are now less constructive on the stock. This is evident from the movement witnessed in the Zacks Consensus Estimate that tumbled 4% to $4.59 per share for fiscal 2015 and 9.6% to $5.11 per share for fiscal 2016 over the past 60 days.
The quarterly earnings of $4.50 per share missed the Zacks Consensus Estimate by a couple of cents, while net sales of $784.7 million fell short of the Zacks Consensus Estimate of $811 million. A strong U.S. dollar and higher wholesale order cancellations weighed upon the company's top-line performance.
However, year-over-year net sales growth of 6.6% and the increase of 11.4% in earnings per share provided some relief to investors. Sales trends remained sturdy across the Direct-to-Consumer division, while omni-channel initiatives boosted consumer experience. But these did not restrain management from lowering its projection for fiscal 2015.
Following lower-than-expected results, management cut its forecast. Management now projects total revenue growth of 13.5% to $1.8 billion for fiscal 2015, down from 15% predicted earlier. The company also expects earnings for the fiscal to rise 12.6% to $4.58 per share, down from a 15.8% jump predicted earlier.
Stocks toConsider
Better-ranked retail stocks that look promising and are expected to continue with their upbeat performance include Skechers USA Inc. SKX , sporting a Zacks Rank #1 (Strong Buy) and Iconix Brand Group, Inc. ICON , carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NIKE INC-B (NKE): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (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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Deckers Outdoor CorporationDECK has been witnessing a downtrend in the Zacks Consensus Estimate since this designer and producer of footwear and accessories disappointed with its third-quarter fiscal 2015 performance. Deckers, which competes with Nike, Inc. NKE , let down investors on the earnings front, posting a negative earnings surprise of 0.4%, after two successive earnings beat in financial year 2015 followed by the subsequent trimming of its outlook. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK has been witnessing a downtrend in the Zacks Consensus Estimate since this designer and producer of footwear and accessories disappointed with its third-quarter fiscal 2015 performance. Deckers, which competes with Nike, Inc. NKE , let down investors on the earnings front, posting a negative earnings surprise of 0.4%, after two successive earnings beat in financial year 2015 followed by the subsequent trimming of its outlook.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor CorporationDECK has been witnessing a downtrend in the Zacks Consensus Estimate since this designer and producer of footwear and accessories disappointed with its third-quarter fiscal 2015 performance. Deckers, which competes with Nike, Inc. NKE , let down investors on the earnings front, posting a negative earnings surprise of 0.4%, after two successive earnings beat in financial year 2015 followed by the subsequent trimming of its outlook.
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Deckers Outdoor CorporationDECK has been witnessing a downtrend in the Zacks Consensus Estimate since this designer and producer of footwear and accessories disappointed with its third-quarter fiscal 2015 performance. Deckers, which competes with Nike, Inc. NKE , let down investors on the earnings front, posting a negative earnings surprise of 0.4%, after two successive earnings beat in financial year 2015 followed by the subsequent trimming of its outlook. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here.
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c4da4b2c-59fd-4a8e-9fcd-2ce727c72bc3
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724609.0
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2015-02-26 00:00:00 UTC
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Deckers Outdoor (DECK): Moving Average Crossover Alert - Tale of the Tape
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-deck%3A-moving-average-crossover-alert-tale-of-the-tape-2015-02-26
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nan
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nan
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Deckers Outdoor Corp. ( DECK ) 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 8.4% 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, 10 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 #4 (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.
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 >>
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 (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 ) 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. So either avoid this stock or consider jumping ship until the estimates and technical factors turn around for DECK.
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Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ) 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 Corp. ( DECK ) 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. Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deckers Outdoor Corp. ( DECK ) 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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724610.0
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2015-02-17 00:00:00 UTC
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Deckers Outdoor Unveils Bearish Picture Post Q3 Results - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-unveils-bearish-picture-post-q3-results-analyst-blog-2015-02-17
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Deckers Outdoor Corporation ( DECK ) has been witnessing a downtrend in the Zacks Consensus Estimate following the dismal third-quarter fiscal 2015 performance and trimmed outlook of this designer, producer and brand manager of footwear and accessories. Management pointed out that the sluggish October and November selling period hurt results.
Shares of this Zacks Rank #4 (Sell) stock declined 6.3% since its last earnings release on Jan 29, and have dropped 14.1% year to date. Analysts polled by Zacks are now less constructive on the stock. This is evident from the movement witnessed in the Zacks Consensus Estimate that tumbled 3.6% to $4.60 for fiscal 2015 and 9.7% to $5.12 per share for fiscal 2016 over the past 30 days.
Deckers disappointed on the earnings front, posting a negative earnings surprise of 0.4%, after 10 consecutive quarters of earnings beat. The company delivered earnings of $4.50 per share that missed the Zacks Consensus Estimate by a couple of cents. The company's top line of $784.7 million also fell short of the Zacks Consensus Estimate of $811 million.
The company's net sales increased 6.6%, buoyed by strong demand for its UGG brand, partially offset by the sales decline across its Teva and Sanuk brands. It should be noted that the sales growth rate missed the company's forecast of 10%. A strong U.S. dollar and higher wholesale order cancellations also weighed upon the company's top-line performance.
Following lower-than-expected results, management cuts its forecast for fiscal 2015. Deckers now projects total revenue growth of 13.5% to $1.8 billion for the fiscal, down from 15% forecasted earlier. Management also projects earnings for fiscal 2015 to rise 12.6% to $4.58 per share, down from a 15.8% jump predicted earlier.
Stocks That Warrant a Look
Better-ranked retail stocks that look promising and are expected to continue with their upbeat performance include Columbia Sportswear Co. ( COLM ), Gildan Activewear Inc. ( GIL ) and Lululemon Athletica Inc. ( LULU ), all carrying a Zacks Rank #2 (Buy).
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report
COLUMBIA SPORTS (COLM): Free Stock Analysis Report
LULULEMON ATHLT (LULU): Free Stock Analysis Report
GILDAN ACTVWEAR (GIL): Free Stock Analysis Report
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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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Deckers Outdoor Corporation ( DECK ) has been witnessing a downtrend in the Zacks Consensus Estimate following the dismal third-quarter fiscal 2015 performance and trimmed outlook of this designer, producer and brand manager of footwear and accessories. Deckers disappointed on the earnings front, posting a negative earnings surprise of 0.4%, after 10 consecutive quarters of earnings beat. Deckers now projects total revenue growth of 13.5% to $1.8 billion for the fiscal, down from 15% forecasted earlier.
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Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report COLUMBIA SPORTS (COLM): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report GILDAN ACTVWEAR (GIL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation ( DECK ) has been witnessing a downtrend in the Zacks Consensus Estimate following the dismal third-quarter fiscal 2015 performance and trimmed outlook of this designer, producer and brand manager of footwear and accessories. Deckers disappointed on the earnings front, posting a negative earnings surprise of 0.4%, after 10 consecutive quarters of earnings beat.
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Deckers Outdoor Corporation ( DECK ) has been witnessing a downtrend in the Zacks Consensus Estimate following the dismal third-quarter fiscal 2015 performance and trimmed outlook of this designer, producer and brand manager of footwear and accessories. Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report COLUMBIA SPORTS (COLM): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report GILDAN ACTVWEAR (GIL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers disappointed on the earnings front, posting a negative earnings surprise of 0.4%, after 10 consecutive quarters of earnings beat.
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Deckers Outdoor Corporation ( DECK ) has been witnessing a downtrend in the Zacks Consensus Estimate following the dismal third-quarter fiscal 2015 performance and trimmed outlook of this designer, producer and brand manager of footwear and accessories. Deckers disappointed on the earnings front, posting a negative earnings surprise of 0.4%, after 10 consecutive quarters of earnings beat. Deckers now projects total revenue growth of 13.5% to $1.8 billion for the fiscal, down from 15% forecasted earlier.
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2015-02-12 00:00:00 UTC
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Skechers (SKX) Misses on Q4 Earnings Estimates, Up Y/Y - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-skx-misses-on-q4-earnings-estimates-up-y-y-analyst-blog-2015-02-12
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Skechers USA Inc. ( SKX ) reported fourth-quarter 2014 results, wherein earnings of 43 cents per share missed the Zacks Consensus Estimate by a penny. Unfavorable currency fluctuations alone impacted the bottom line by 9 cents, leaving investors disappointed. However, what came as a respite was a year-over-year increase of 53.6% in earnings per share.
Skechers USA Inc. - Earnings Surprise | FindTheBest
Total revenue came in at $569.7 million that surpassed the Zacks Consensus Estimate of $538 million and surged 26.4% led by aggressive marketing initiatives, product innovation across multiple categories and healthy performance across all revenue channels. However, the growth rate decelerated from 30.7% registered in the third quarter of 2014.
With increased focus on the new line of products, cost containment, inventory management, a global distribution platform and sturdy backlogs, the company remains confident of sustaining the growth momentum in 2015.
Based on strong backlogs, the company now expects first-quarter 2015 revenue in the range of $690 million to $710 million in the quarter along with earnings per share in the band of 95 cents to $1.05. The Zacks Consensus Estimate stands at 85 cents and is likely to see upward revision soon.
Gross profit for the quarter soared 28.4% to $257.6 million, while gross margin increased 70 basis points (bps) to 45.2%. The growth was primarily driven by increased sales and a favorable product mix.
Operating income for the quarter jumped almost twofold to $33 million, while as a percentage of sales it improved 200 bps to 5.8%.
Segmental Sales Synopsis for Q4
The domestic wholesale business marked revenue increase of 24.3%, reflecting a jump of 15.7% in pairs shipped and an increase of 7.4% in average price per pair.
Skechers' international business revenue increased 37.9% on the back of a 41.1% rise in international subsidiaries and joint venture (JV) sales, as well as an improvement of 31.3% in distributor sales.
At present, international sales constitute 34.5% of total revenues. Management remains confident that in 3 to 4 year time frame, overseas operations will contribute 50% to total sales.
On a combined basis, retail business sales grew 22%, whereas comparable-store sales advanced 8.6%. Domestic retail sales rose 15.5%, while comparable-store sales increased 6.7%. International retail sales soared 56%, whereas comparable-store sales climbed 19.1%. Domestic E-commerce sales declined 4.5% during the quarter.
Store Update
Skechers had 449 company-owned retail stores and 593 distributor, JV and licensed stores under operation at the end of the fourth quarter. At the quarter-end, the company's JV and licensed stores comprised 173 outlets under JVs in Asia including stores operated by licensees, 388 distributor-owned or licensed Skechers retail stores globally and 32 company-licensed locations in Brazil, Canada, Spain, France, Portugal and Ireland.
During the fourth quarter, the company opened 19 stores, including 12 domestic stores and 7 international outlets. These comprise of stores in Nevada, Arizona, California, Hawaii, Idaho, New York and Texas, as well as outlets in Canada and Chile. Further, the company closed 1 domestic and 1 international store in the quarter.
So far, in the first quarter of 2015, Skechers has opened 3 company-owned outlets. Going forward, the company plans to open 6-10 retail stores during rest of the quarter and 40-45 for the full year thereby bringing the total store count to 500.
During the fourth quarter, Skechers opened 54 distributor, JV or licensed stores.
So far, in the first quarter, Skechers has opened 6 third-party stores. Going forward, the company plans to open about 145-155 more stores in 2015.
At the end of 2014, Skechers operated 676 branded stores internationally of which 87 are company-owned. Management anticipates reaching 700 international outlets in the first quarter of 2015 by opening stores in new markets like Sweden and Czech Republic. The company expects to open 50 to 60 additional company-owned stores this year and given the planned growth from distributors and licensees, the company projects approximately 1,250 Skechers stores around the globe at the end of 2015.
Strategic Initiatives
Management is focused on product innovation, opening additional Skechers stores and increasing distribution channels with the development of international distribution agreements to boost sales and profitability. Moreover, Skechers' international business remains a significant sales growth driver for the company. Also, through its distribution networks, subsidiaries and JVs, Skechers is poised to enhance its global reach in the footwear market.
Other Financial Aspects
This Zacks Rank #1 (Strong Buy) stock, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended fourth-quarter 2014 with cash and cash equivalents of $466.7 million, long-term debt of $15.1 million and shareholders' equity of $1,075.2 million, excluding non-controlling interest of $58.9 million.
Capital expenditures for the quarter were approximately $15.5 million. Management now envisions capital expenditures for 2015 to be about $60 million to $70 million
Another Stock to Consider
Another stock worth considering in the shoe space is Sequential Brands Group, Inc. ( SQBG ), which also sports a Zacks Rank #1.
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NIKE INC-B (NKE): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
SEQUENTIAL BRND (SQBG): 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 Financial Aspects This Zacks Rank #1 (Strong Buy) stock, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended fourth-quarter 2014 with cash and cash equivalents of $466.7 million, long-term debt of $15.1 million and shareholders' equity of $1,075.2 million, excluding non-controlling interest of $58.9 million. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report To read this article on Zacks.com click here. Skechers USA Inc. ( SKX ) reported fourth-quarter 2014 results, wherein earnings of 43 cents per share missed the Zacks Consensus Estimate by a penny.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects This Zacks Rank #1 (Strong Buy) stock, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended fourth-quarter 2014 with cash and cash equivalents of $466.7 million, long-term debt of $15.1 million and shareholders' equity of $1,075.2 million, excluding non-controlling interest of $58.9 million. At the quarter-end, the company's JV and licensed stores comprised 173 outlets under JVs in Asia including stores operated by licensees, 388 distributor-owned or licensed Skechers retail stores globally and 32 company-licensed locations in Brazil, Canada, Spain, France, Portugal and Ireland.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects This Zacks Rank #1 (Strong Buy) stock, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended fourth-quarter 2014 with cash and cash equivalents of $466.7 million, long-term debt of $15.1 million and shareholders' equity of $1,075.2 million, excluding non-controlling interest of $58.9 million. Store Update Skechers had 449 company-owned retail stores and 593 distributor, JV and licensed stores under operation at the end of the fourth quarter.
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Other Financial Aspects This Zacks Rank #1 (Strong Buy) stock, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended fourth-quarter 2014 with cash and cash equivalents of $466.7 million, long-term debt of $15.1 million and shareholders' equity of $1,075.2 million, excluding non-controlling interest of $58.9 million. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report To read this article on Zacks.com click here. Skechers' international business revenue increased 37.9% on the back of a 41.1% rise in international subsidiaries and joint venture (JV) sales, as well as an improvement of 31.3% in distributor sales.
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2015-02-02 00:00:00 UTC
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Consumer Sector Update for 02/02/2015: DECK,FLWS,RSH, S
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-02022015-deckflwsrsh-s-2015-02-02
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Top Consumer Stocks
WMT -0.45%
MCD -0.89%
DIS -0.04%
CVS -0.18%
KO -0.19%
Consumer stocks were slightly lower, with shares of consumer staples companies in the S&P 500 slipping less than 0.1%. Shares of consumer discretionary firms in the S&P 500 were down about 0.3%.
In company news, Deckers Outdoor Corp. ( DECK ) bounced back Monday after the footwear company was raised to Buy from Neutral at Goldman Sachs, although the research shop cut its price target by $5 to $90 a share.
In its upgrade, the Goldman analysts cited the recent pullback for DECK's share price since the company missed Wall Street expectations for Q3 sales of its flagship UGG boot line. The company also is positioned for a "very good" FY16, they wrote.
"While we lower FY16 estimates by 8%, accounting for 3Q's miss, FX and slightly slower UGG growth, FY16 is still poised to be a robust year for DECK," analysts Taposh Bari, Chad Sutherland, and Rosalie Staes wrote, adding they are modeling 14% EPS growth for the current fiscal year. "Specific drivers include increased UGGpure penetration (helping gross margins), SG&A leverage (for the first time in six years), share repurchase (reactivated for the first time in two years) and HOKA growth."
DECK shares were up nearly 5% at $69.22 each this afternoon, backing down from a session high of $70.23 a share earlier this afternoon. The stock has traded within a 52-week range of $65.65 to $98.88 a share, sliding nearly 13% over the past year heading into Monday trade.
In other sector news,
(+) FLWS, (+9.4%) Earns $0.83 per share during its fiscal Q2, topping Street view by $0.03 per share. Revenue trailed analyst consensus by $4.3 mln. Raises FY15 EPS outlook to $0.45 to $0.50, matching estimates for $0.47 per share annual profit.
(-) RSH, (-20.5%) Bloomberg's reporting the struggling retailer is in talks to sell around half of its stores to Sprint ( S ), possibly co-branding the stores. It would shutter the remaining locations.
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 company news, Deckers Outdoor Corp. ( DECK ) bounced back Monday after the footwear company was raised to Buy from Neutral at Goldman Sachs, although the research shop cut its price target by $5 to $90 a share. In its upgrade, the Goldman analysts cited the recent pullback for DECK's share price since the company missed Wall Street expectations for Q3 sales of its flagship UGG boot line. "While we lower FY16 estimates by 8%, accounting for 3Q's miss, FX and slightly slower UGG growth, FY16 is still poised to be a robust year for DECK," analysts Taposh Bari, Chad Sutherland, and Rosalie Staes wrote, adding they are modeling 14% EPS growth for the current fiscal year.
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In its upgrade, the Goldman analysts cited the recent pullback for DECK's share price since the company missed Wall Street expectations for Q3 sales of its flagship UGG boot line. In company news, Deckers Outdoor Corp. ( DECK ) bounced back Monday after the footwear company was raised to Buy from Neutral at Goldman Sachs, although the research shop cut its price target by $5 to $90 a share. "While we lower FY16 estimates by 8%, accounting for 3Q's miss, FX and slightly slower UGG growth, FY16 is still poised to be a robust year for DECK," analysts Taposh Bari, Chad Sutherland, and Rosalie Staes wrote, adding they are modeling 14% EPS growth for the current fiscal year.
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In company news, Deckers Outdoor Corp. ( DECK ) bounced back Monday after the footwear company was raised to Buy from Neutral at Goldman Sachs, although the research shop cut its price target by $5 to $90 a share. "While we lower FY16 estimates by 8%, accounting for 3Q's miss, FX and slightly slower UGG growth, FY16 is still poised to be a robust year for DECK," analysts Taposh Bari, Chad Sutherland, and Rosalie Staes wrote, adding they are modeling 14% EPS growth for the current fiscal year. In its upgrade, the Goldman analysts cited the recent pullback for DECK's share price since the company missed Wall Street expectations for Q3 sales of its flagship UGG boot line.
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In company news, Deckers Outdoor Corp. ( DECK ) bounced back Monday after the footwear company was raised to Buy from Neutral at Goldman Sachs, although the research shop cut its price target by $5 to $90 a share. "While we lower FY16 estimates by 8%, accounting for 3Q's miss, FX and slightly slower UGG growth, FY16 is still poised to be a robust year for DECK," analysts Taposh Bari, Chad Sutherland, and Rosalie Staes wrote, adding they are modeling 14% EPS growth for the current fiscal year. In its upgrade, the Goldman analysts cited the recent pullback for DECK's share price since the company missed Wall Street expectations for Q3 sales of its flagship UGG boot line.
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724613.0
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2015-01-30 00:00:00 UTC
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Mid-Morning Market Update: Markets Drop; Mastercard Profit Tops Expectations
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DECK
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-drop-mastercard-profit-tops-expectations-2015-01-30
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Following the market opening Friday, the Dow traded down 0.39 percent to 17,349.02 while the NASDAQ slipped 0.23 percent to 4,672.85. The S&P also fell, dropping 0.49 percent to 2,011.45.
Leading and Lagging Sectors
In trading on Friday, basic materials shares were relative leaders, up on the day by about 0.03 percent. Meanwhile, top gainers in the sector Minerals Technologies Inc. (NYSE: MTX ), up 8.2 percent, and Cliffs Natural Resources Inc. (NYSE: CLF ), up 3.9 percent.
Non-cyclical consumer goods & services shares dropped by 1.22 percent in the US market on Friday. Top losers in the sector included Align Technology Inc. (NASDAQ: ALGN ), down 7.8 percent, Companhia Brasileira de Distribuicao (NYSE: CBD ), off 4.5 percent.
Top Headline
MasterCard Inc. (NYSE: MA ) reported better-than-expected profit for its fourth quarter.
The Purchase, New York-based company posted quarterly earnings of $801 million, or $0.69 per share, compared to $623 million, or $0.52 per share, in the year-ago period. Acquisitions had a $0.03 dilutive impact on EPS.
Its revenue surged 14% to $2.42 billion. However, analysts were expecting earnings of $0.67 per share on revenue of $2.39 billion. Equities Trading UP
Intercept Pharmaceuticals, Inc. (NASDAQ: ICPT ) shares shot up 20.73 percent to $206.08 after the company received "breakthrough therapy designation" from the FDA for obeticholic acid for NASH with liver fibrosis.
Shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC ) got a boost, shooting up 15.35 percent to $32.83 on better-than-expected quarterly results.
Amazon.com Inc. (NASDAQ: AMZN ) shares were also up, gaining 10.97 percent to $345.99 after the company reported stronger-than-expected fourth-quarter earnings.
Equities Trading DOWN
Hawaiian Holdings Inc. (NASDAQ: HA ) shares tumbled 24.76 percent to $20.03. Hawaiian Holdings reported Q4 adjusted earnings of $0.40 per share on revenue of $42.4 million. The company also expected a drop in its key revenue figure for the first quarter.
Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 16 percent to $69.11 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast.
Align Technology Inc. (NASDAQ: ALGN ) was down, falling 7.96 percent to $54.00 after the company reported downbeat Q4 earnings and issued a weak forecast. JMP Securities downgraded Align Technology from Market Outperform to Market Perform.
Commodities
In commodity news, oil traded up 2.11 percent to $45.47, while gold traded up 0.38 percent to $1,260.70.
Silver traded up 0.49 percent Friday to $16.86, while copper rose 0.75 percent to $2.47.
Eurozone
European shares were lower today. The eurozone's STOXX 600 declined 0.04 percent, the Spanish Ibex Index fell 0.07 percent, while Italy's FTSE MIB Index declined 0.10 percent. Meanwhile, the German DAX fell 0.11 percent, and the French CAC 40 slipped 0.46 percent while UK shares dropped 0.17 percent.
Economics
The U.S. economy expanded by an annual pace of 2.6% pace in the fourth quarter, versus a 5.0% growth in the third quarter, according to a preliminary estimate. However, economists were estimating a growth of 3%.
The employment cost index rose 0.6% in the fourth quarter, versus a 0.7% gain in the third quarter.
The Chicago PMI climbed to 59.40 in January, versus a prior reading of 58.80. However, economists were expecting a reading of 57.50.
The University of Michigan's consumer sentiment index fell to 98.10 in January, versus a prior reading of 98.20. However, economists were expecting a reading of 98.20.
© 2015 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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Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 16 percent to $69.11 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast. Equities Trading UP Intercept Pharmaceuticals, Inc. (NASDAQ: ICPT ) shares shot up 20.73 percent to $206.08 after the company received "breakthrough therapy designation" from the FDA for obeticholic acid for NASH with liver fibrosis. Shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC ) got a boost, shooting up 15.35 percent to $32.83 on better-than-expected quarterly results.
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Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 16 percent to $69.11 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast. Equities Trading DOWN Hawaiian Holdings Inc. (NASDAQ: HA ) shares tumbled 24.76 percent to $20.03. Align Technology Inc. (NASDAQ: ALGN ) was down, falling 7.96 percent to $54.00 after the company reported downbeat Q4 earnings and issued a weak forecast.
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Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 16 percent to $69.11 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast. Following the market opening Friday, the Dow traded down 0.39 percent to 17,349.02 while the NASDAQ slipped 0.23 percent to 4,672.85. The eurozone's STOXX 600 declined 0.04 percent, the Spanish Ibex Index fell 0.07 percent, while Italy's FTSE MIB Index declined 0.10 percent.
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Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 16 percent to $69.11 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast. Following the market opening Friday, the Dow traded down 0.39 percent to 17,349.02 while the NASDAQ slipped 0.23 percent to 4,672.85. The company also expected a drop in its key revenue figure for the first quarter.
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724614.0
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2015-01-30 00:00:00 UTC
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Friday Sector Laggards: Textiles, Water Utilities
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DECK
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https://www.nasdaq.com/articles/friday-sector-laggards-textiles-water-utilities-2015-01-30
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In trading on Friday, textiles shares were relative laggards, down on the day by about 2.8%. Helping drag down the group were shares of Deckers Outdoor ( DECK ), down about 16.9% and shares of HanesBrands ( HBI ) off about 4.1% on the day.
Also lagging the market Friday are water utilities shares, down on the day by about 2.7% as a group, led down by Companhia de Saneamento Basico do Estado de Sao Paulo ( SBS ), trading lower by about 5.2% and Pure Cycle Corporation ( PCYO ), trading lower by about 3.2%.
VIDEO: Friday Sector Laggards: Textiles, Water Utilities
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 ), down about 16.9% and shares of HanesBrands ( HBI ) off about 4.1% on the day. In trading on Friday, textiles shares were relative laggards, down on the day by about 2.8%. Also lagging the market Friday are water utilities shares, down on the day by about 2.7% as a group, led down by Companhia de Saneamento Basico do Estado de Sao Paulo ( SBS ), trading lower by about 5.2% and Pure Cycle Corporation ( PCYO ), trading lower by about 3.2%.
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Helping drag down the group were shares of Deckers Outdoor ( DECK ), down about 16.9% and shares of HanesBrands ( HBI ) off about 4.1% on the day. In trading on Friday, textiles shares were relative laggards, down on the day by about 2.8%. VIDEO: Friday Sector Laggards: Textiles, Water Utilities The views and 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 ), down about 16.9% and shares of HanesBrands ( HBI ) off about 4.1% on the day. Also lagging the market Friday are water utilities shares, down on the day by about 2.7% as a group, led down by Companhia de Saneamento Basico do Estado de Sao Paulo ( SBS ), trading lower by about 5.2% and Pure Cycle Corporation ( PCYO ), trading lower by about 3.2%. VIDEO: Friday Sector Laggards: Textiles, Water Utilities The views and 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 ), down about 16.9% and shares of HanesBrands ( HBI ) off about 4.1% on the day. In trading on Friday, textiles shares were relative laggards, down on the day by about 2.8%. VIDEO: Friday Sector Laggards: Textiles, Water Utilities The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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724615.0
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2015-01-30 00:00:00 UTC
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Mid-Day Market Update: Amazon Jumps On Upbeat Earnings; Hawaiian Holdings Shares Slide
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DECK
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https://www.nasdaq.com/articles/mid-day-market-update-amazon-jumps-upbeat-earnings-hawaiian-holdings-shares-slide-2015-01
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Midway through trading Friday, the Dow traded down 0.72 percent to 17,291.43 while the NASDAQ slipped 0.33 percent to 4,668.15. The S&P also fell, dropping 0.75 percent to 2,006.14.
Leading and Lagging Sectors
In trading on Friday, basic materials shares were relative leaders, up on the day by about 0.10 percent. Meanwhile, top gainers in the sector Minerals Technologies Inc. (NYSE: MTX ), up 9.6 percent, and Gulf Resources, Inc. (NASDAQ: GURE ), up 101 percent.
Financial shares dropped by 1.36 percent in the US market on Friday. Top losers in the sector included Green Dot Corporation (NYSE: GDOT ), down 19 percent, Virtus Investment Partners, Inc. (NASDAQ: VRTS ), off 9.3 percent.
Top Headline
MasterCard Inc. (NYSE: MA ) reported better-than-expected profit for its fourth quarter.
The Purchase, New York-based company posted quarterly earnings of $801 million, or $0.69 per share, compared to $623 million, or $0.52 per share, in the year-ago period. Acquisitions had a $0.03 dilutive impact on EPS.
Its revenue surged 14% to $2.42 billion. However, analysts were expecting earnings of $0.67 per share on revenue of $2.39 billion.
Equities Trading UP
Intercept Pharmaceuticals, Inc. (NASDAQ: ICPT ) shares shot up 18.60 percent to $202.43 after the company received "breakthrough therapy designation" from the FDA for obeticholic acid for NASH with liver fibrosis.
Shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC ) got a boost, shooting up 13.70 percent to $32.36 on better-than-expected quarterly results.
Amazon.com Inc. (NASDAQ: AMZN ) shares were also up, gaining 11.44 percent to $347.46 after the company reported stronger-than-expected fourth-quarter earnings.
Equities Trading DOWN
Hawaiian Holdings Inc. (NASDAQ: HA ) shares tumbled 26.09 percent to $19.67. Hawaiian Holdings reported Q4 adjusted earnings of $0.40 per share on revenue of $42.4 million. The company also expected a drop in its key revenue figure for the first quarter.
Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 18.14 percent to $67.35 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast.
Green Dot Corporation (NYSE: GDOT ) was down, falling 19.19 percent to $16.04. Green Dot reported Q4 adjusted earnings of $0.16 per share on revenue of $153 million.
Commodities
In commodity news, oil traded up 1.08 percent to $45.01, while gold traded up 1.31 percent to $1,272.40.
Silver traded up 2.16 percent Friday to $17.14, while copper rose 1.22 percent to $2.48.
Eurozone
European shares were lower today. The eurozone's STOXX 600 declined 0.65 percent, the Spanish Ibex Index fell 1.5 percent, while Italy's FTSE MIB Index declined 0.86 percent. Meanwhile, the German DAX fell 0.73 percent, and the French CAC 40 slipped 0.87 percent while UK shares dropped 0.75 percent.
Economics
The U.S. economy expanded by an annual pace of 2.6% pace in the fourth quarter, versus a 5.0% growth in the third quarter, according to a preliminary estimate. However, economists were estimating a growth of 3%.
The employment cost index rose 0.6% in the fourth quarter, versus a 0.7% gain in the third quarter.
The Chicago PMI climbed to 59.40 in January, versus a prior reading of 58.80. However, economists were expecting a reading of 57.50.
The University of Michigan's consumer sentiment index fell to 98.10 in January, versus a prior reading of 98.20. However, economists were expecting a reading of 98.20.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 18.14 percent to $67.35 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast. Equities Trading UP Intercept Pharmaceuticals, Inc. (NASDAQ: ICPT ) shares shot up 18.60 percent to $202.43 after the company received "breakthrough therapy designation" from the FDA for obeticholic acid for NASH with liver fibrosis. Shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC ) got a boost, shooting up 13.70 percent to $32.36 on better-than-expected quarterly results.
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Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 18.14 percent to $67.35 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast. Top losers in the sector included Green Dot Corporation (NYSE: GDOT ), down 19 percent, Virtus Investment Partners, Inc. (NASDAQ: VRTS ), off 9.3 percent. Hawaiian Holdings reported Q4 adjusted earnings of $0.40 per share on revenue of $42.4 million.
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Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 18.14 percent to $67.35 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast. Midway through trading Friday, the Dow traded down 0.72 percent to 17,291.43 while the NASDAQ slipped 0.33 percent to 4,668.15. The eurozone's STOXX 600 declined 0.65 percent, the Spanish Ibex Index fell 1.5 percent, while Italy's FTSE MIB Index declined 0.86 percent.
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Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 18.14 percent to $67.35 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast. Midway through trading Friday, the Dow traded down 0.72 percent to 17,291.43 while the NASDAQ slipped 0.33 percent to 4,668.15. Top losers in the sector included Green Dot Corporation (NYSE: GDOT ), down 19 percent, Virtus Investment Partners, Inc. (NASDAQ: VRTS ), off 9.3 percent.
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2015-01-30 00:00:00 UTC
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Consumer Sector Update for 01/30/2015: DECK,BAMM,HA
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-01302015-deckbammha-2015-01-30
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Top Consumer Stocks
WMT -1.84%
MCD -0.33%
DIS -1.05%
CVS -0.85%
KO -1.31%
Consumer stocks were broadly lower, with shares of consumer staples companies in the S&P 500 retreating 1.0%. Shares of consumer discretionary firms in the S&P 500 were down about 0.3%.
In company news, Deckers Outdoor ( DECK ) declined to a nearly three-year low Friday after the footwear company missed with its fiscal Q3 results and lowered its outlook for earnings during the current quarter ending in March, citing the negative impact on gross margins caused by the strengthening U.S. dollar compared with other currencies.
Net income during the three months ended Dec. 31 rose to $156.7 million, or $4.50 per diluted share, up from a $140.9 million gain during the same quarter last year but still coming up $0.02 short of the Capital IQ consensus.
Revenue rose 6.6% over year-ago levels to $784.7 million, trailing Wall Street estimates by $27.83 million.
The company also cut its Q3 earning outlook, now expecting a break-even quarter on a per-share basis, down from its previous forecast for a $0.15 per share gain. Analysts, on average, are expecting a $0.13 per share profit during the current quarter ending in March.
Separately, the company last night authorized a new, $200 million stock buyback program.
DECK shares recently were down over 19% at $66.62 each after earlier sliding to their worst share price since April 2012 at $66.24 a share. Prior to Friday's retreat, the stock had climbed about 9% over the past year entering Friday's session.
In other sector news,
(+) BAMM, (+49.0%) Executive Board Chairman Clyde Anderson offers to buy all of the company's stock he and other family members don't already own for $2.75 a share. The company said it is reviewing the offer.
(-) HA, (-27.6%) Warns Q1 operating revenue per available seat mile would fall to 3.5% from 6.5% a year ago and 6.1% during Q4 because of a stronger U.S. dollar and a drop in fuel surcharges, particularly on international flights.
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 company news, Deckers Outdoor ( DECK ) declined to a nearly three-year low Friday after the footwear company missed with its fiscal Q3 results and lowered its outlook for earnings during the current quarter ending in March, citing the negative impact on gross margins caused by the strengthening U.S. dollar compared with other currencies. DECK shares recently were down over 19% at $66.62 each after earlier sliding to their worst share price since April 2012 at $66.24 a share. The company also cut its Q3 earning outlook, now expecting a break-even quarter on a per-share basis, down from its previous forecast for a $0.15 per share gain.
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In company news, Deckers Outdoor ( DECK ) declined to a nearly three-year low Friday after the footwear company missed with its fiscal Q3 results and lowered its outlook for earnings during the current quarter ending in March, citing the negative impact on gross margins caused by the strengthening U.S. dollar compared with other currencies. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. DECK shares recently were down over 19% at $66.62 each after earlier sliding to their worst share price since April 2012 at $66.24 a share.
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In company news, Deckers Outdoor ( DECK ) declined to a nearly three-year low Friday after the footwear company missed with its fiscal Q3 results and lowered its outlook for earnings during the current quarter ending in March, citing the negative impact on gross margins caused by the strengthening U.S. dollar compared with other currencies. DECK shares recently were down over 19% at $66.62 each after earlier sliding to their worst share price since April 2012 at $66.24 a share. Consumer stocks were broadly lower, with shares of consumer staples companies in the S&P 500 retreating 1.0%.
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In company news, Deckers Outdoor ( DECK ) declined to a nearly three-year low Friday after the footwear company missed with its fiscal Q3 results and lowered its outlook for earnings during the current quarter ending in March, citing the negative impact on gross margins caused by the strengthening U.S. dollar compared with other currencies. DECK shares recently were down over 19% at $66.62 each after earlier sliding to their worst share price since April 2012 at $66.24 a share. Consumer stocks were broadly lower, with shares of consumer staples companies in the S&P 500 retreating 1.0%.
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724617.0
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2015-01-30 00:00:00 UTC
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Mid-Afternoon Market Update: Crude Oil Jumps 7.5%; Visa Shares Climb On Earnings Beat
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DECK
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https://www.nasdaq.com/articles/mid-afternoon-market-update-crude-oil-jumps-75-visa-shares-climb-earnings-beat-2015-01-30
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Toward the end of trading Friday, the Dow traded down 0.35 percent to 17,355.16 while the NASDAQ gained 0.03 percent to 4,684.94. The S&P also fell, dropping 0.24 percent to 2,016.39.
Leading and Lagging Sectors
In trading on Friday, basic materials shares were relative leaders, up on the day by about 1.20 percent. Meanwhile, top gainers in the sector Minerals Technologies Inc. (NYSE: MTX ), up 12.2 percent, and Gulf Resources, Inc. (NASDAQ: GURE ), up 72 percent.
Non-cyclical consumer goods & services shares dropped by 1 percent in the US market on Friday. Top losers in the sector included Align Technology Inc. (NASDAQ: ALGN ), down 8.1 percent, Diamond Foods, Inc. (NASDAQ: DMND ), off 5.7 percent.
Top Headline
MasterCard Inc. (NYSE: MA ) reported better-than-expected profit for its fourth quarter.
The Purchase, New York-based company posted quarterly earnings of $801 million, or $0.69 per share, compared to $623 million, or $0.52 per share, in the year-ago period. Acquisitions had a $0.03 dilutive impact on EPS.
Its revenue surged 14% to $2.42 billion. However, analysts were expecting earnings of $0.67 per share on revenue of $2.39 billion.
Equities Trading UP
Intercept Pharmaceuticals, Inc. (NASDAQ: ICPT ) shares shot up 21.92 percent to $208.11 after the company received "breakthrough therapy designation" from the FDA for obeticholic acid for NASH with liver fibrosis.
Shares of Visa Inc. (NYSE: V ) got a boost, shooting up 4.45 percent to $259.02 after the company beat fiscal first-quarter Street estimates and declared a four-for-one stock split.
Amazon.com Inc. (NASDAQ: AMZN ) shares were also up, gaining 14.98 percent to $358.47 after the company reported stronger-than-expected fourth-quarter earnings.
Equities Trading DOWN
Hawaiian Holdings Inc. (NASDAQ: HA ) shares tumbled 28.78 percent to $18.96. Hawaiian Holdings reported Q4 adjusted earnings of $0.40 per share on revenue of $42.4 million. The company also expected a drop in its key revenue figure for the first quarter.
Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 18.18 percent to $67.31 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast.
Beazer Homes USA Inc. (NYSE: BZH ) was down, falling 10.41 percent to $15.46 after the company reported a wider Q1 loss.
Commodities
In commodity news, oil traded up 7.59 percent to $47.91, while gold traded up 2.05 percent to $1,281.70.
Silver traded up 2.78 percent Friday to $17.24, while copper rose 1.88 percent to $2.50.
Eurozone
European shares closed lower today. The eurozone's STOXX 600 declined 0.46 percent, the Spanish Ibex Index fell 0.99 percent, while Italy's FTSE MIB Index declined 0.44 percent. Meanwhile, the German DAX fell 0.41 percent, and the French CAC 40 slipped 0.59 percent while UK shares dropped 0.90 percent.
Economics
The U.S. economy expanded by an annual pace of 2.6% pace in the fourth quarter, versus a 5.0% growth in the third quarter, according to a preliminary estimate. However, economists were estimating a growth of 3%.
The employment cost index rose 0.6% in the fourth quarter, versus a 0.7% gain in the third quarter.
The Chicago PMI climbed to 59.40 in January, versus a prior reading of 58.80. However, economists were expecting a reading of 57.50.
The University of Michigan's consumer sentiment index fell to 98.10 in January, versus a prior reading of 98.20. However, economists were expecting a reading of 98.20.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 18.18 percent to $67.31 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast. Equities Trading UP Intercept Pharmaceuticals, Inc. (NASDAQ: ICPT ) shares shot up 21.92 percent to $208.11 after the company received "breakthrough therapy designation" from the FDA for obeticholic acid for NASH with liver fibrosis. Shares of Visa Inc. (NYSE: V ) got a boost, shooting up 4.45 percent to $259.02 after the company beat fiscal first-quarter Street estimates and declared a four-for-one stock split.
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Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 18.18 percent to $67.31 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast. Equities Trading DOWN Hawaiian Holdings Inc. (NASDAQ: HA ) shares tumbled 28.78 percent to $18.96. Hawaiian Holdings reported Q4 adjusted earnings of $0.40 per share on revenue of $42.4 million.
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Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 18.18 percent to $67.31 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast. Toward the end of trading Friday, the Dow traded down 0.35 percent to 17,355.16 while the NASDAQ gained 0.03 percent to 4,684.94. The eurozone's STOXX 600 declined 0.46 percent, the Spanish Ibex Index fell 0.99 percent, while Italy's FTSE MIB Index declined 0.44 percent.
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Shares of Deckers Outdoor Corp. (NYSE: DECK ) were down 18.18 percent to $67.31 after the company reported downbeat Q3 results and lowered its Q4 earnings forecast. Toward the end of trading Friday, the Dow traded down 0.35 percent to 17,355.16 while the NASDAQ gained 0.03 percent to 4,684.94. The company also expected a drop in its key revenue figure for the first quarter.
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2015-01-30 00:00:00 UTC
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Deckers Crashes on Q3 Earnings & Revenue Miss, Cuts View - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-crashes-on-q3-earnings-revenue-miss-cuts-view-analyst-blog-2015-01-30
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Shares of Deckers Outdoor Corporation ( DECK ) plunged 14.3% during after-market trading hours following disappointing third-quarter fiscal 2015 performance and the subsequent trimming of outlook.
On the one end, quarterly earnings of $4.50 per share missed the Zacks Consensus Estimate by a couple of cents, while on the other, net sales of $784.7 million fell short of the Zacks Consensus Estimate of $811 million. Management pointed out that the sluggish October and November selling period hurt results.
Deckers Outdoor Corporation - Earnings Surprise | FindTheBest
However, reduced incentive compensation expense accruals and a lower-than-anticipated effective tax rate provided cushion to the bottom line that surpassed the company's projection of $4.46 per share and registered year-over-year growth of 11.4%. The company's top line also increased 6.6%, buoyed by strong demand for its UGG brand, partially offset by the sales decline across its Teva and Sanuk brands.
It should be noted that the sales growth rate missed the company's forecast of 10%. A strong U.S. dollar and higher wholesale order cancellations also weighed upon the company's top-line performance. On a constant currency basis, sales jumped 8.2%.
Sales trends remained sturdy across the Direct-to-Consumer division, while Omni-Channel initiatives boosted consumer experience. Stellar eCommerce performance also contributed to sales growth. The company is focusing on opening smaller concept omni-channel outlets and is concentrating on expanding a new tool - Retail Inventory Online - to help customers locate products before they visit the company's outlets.
During the third quarter, the company's domestic sales grew 3.1% to $526.3 million while international sales increased 14.6% to $258.4 million. Direct-to-Consumer comparable sales, comprising worldwide retail comparable-store sales (comps) and eCommerce sales, rose 7.6%.
Gross profit climbed 10.4% to $415.1 million from the prior-year quarter, while gross margin expanded 180 basis points (bps) to 52.9%. Deckers reported operating income of $214.6 million, up 6.5% from the year-ago period, whereas operating margin contracted 10 bps to 27.3%.
Segment Discussion
The UGG brand's net sales rose 6.5% to $736 million, primarily on an increase in international wholesale and distributor sales, contribution from new retail outlets and a surge in global eCommerce sales. This was partly offset by a decline in domestic wholesale sales and comps.
The Teva brand's net sales tumbled 12.1% to $13.6 million, reflecting a fall in international wholesale and distributor sales, partly offset by higher domestic wholesale and eCommerce sales worldwide.
Sales for the Sanuk brand, known for its exclusive sandals and shoes, were $20.5 million, down 7.9% from the year-ago quarter. The decrease is attributable to the decline in global wholesale sales and international distributor sales, partly mitigated by higher domestic eCommerce sales and contribution from new retail outlets.
Combined net sales of Deckers' Other brands for the quarter were $14.6 million that surged 96.5% year over year, primarily on the back of the company's HOKA ONE ONE brand.
Retail Stores sales advanced 8.3% to $192.7 million, propelled by the opening of 29 new stores after Dec 31, 2013, partly offset by a 7.2% decline in comps.
E-commerce sales surged 25.2% to $146.9 million, reflecting robust demand of the UGG brand globally.
Store Update
Deckers, the designer, producer and brand manager of footwear and accessories, targets to open 30 new outlets during fiscal 2015. There are currently 138 company-owned retail stores.
Other Financial Aspects
Deckers, which competes with Wolverine World Wide Inc. ( WWW ), ended the quarter with cash and cash equivalents of $369.4 million, short-term borrowings of $5.4 million, and shareholders' equity of $1,033.2 million. Inventories jumped 12.7% year over year to $293.9 million.
During the quarter, Deckers bought back approximately 157,000 shares at a price of $84.69 per share, aggregating $13.3 million. As of Dec 31, 2014, the company still had $66 million remaining under its share repurchase authorization of $200 million announced in Jul 2012. The company's Board of Directors also approved an additional $200 million stock repurchase authorization.
Guidance
Following lower-than-expected results, management cuts its full-year forecast. This Zacks Rank #3 (Hold) stock now projects total revenue growth of 13.5% to $1.8 billion for fiscal 2015, down from 15% forecasted earlier. Also, the company anticipates sales growth of 11% at the UGG brand (down from the previous projection of a 14% rise), low double-digits growth at both the Teva and Sanuk brands, and sales worth $83 million from Other brands, up from $82 million projected earlier.
Management now projects earnings for the fiscal year to rise 12.6% to $4.58 per share - down from a 15.8% jump predicted earlier - taking into account an estimated gross profit margin of approximately 49% and an operating margin of about 12.5%.
For the fourth quarter of fiscal 2015, Deckers continues to forecast 10% revenue growth. However, management now projects breakeven results for the quarter as against its earlier forecast of earnings per share of 15 cents due to gross margin pressure on account of foreign currency exchange rates.
For fiscal 2016, management now anticipates revenues to increase approximately in high single digits, while earnings per share are projected to grow at a marginally higher rate than revenues, either at or near 10%. Gross margin is expected to contract approximately 30 bps due to foreign currency exchange rate pressures.
Other Stocks to Consider
Other favorably ranked stocks in the retail sector include Shoe Carnival Inc. ( SCVL ), sporting a Zacks Rank #1 (Strong Buy) and Skechers USA Inc. ( SKX ), carrying a Zacks Rank #2 (Buy).
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 (DECK): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
WOLVERINE WORLD (WWW): Free Stock Analysis Report
SHOE CARNIVAL (SCVL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 Corporation ( DECK ) plunged 14.3% during after-market trading hours following disappointing third-quarter fiscal 2015 performance and the subsequent trimming of outlook. Deckers Outdoor Corporation - Earnings Surprise | FindTheBest However, reduced incentive compensation expense accruals and a lower-than-anticipated effective tax rate provided cushion to the bottom line that surpassed the company's projection of $4.46 per share and registered year-over-year growth of 11.4%. Deckers reported operating income of $214.6 million, up 6.5% from the year-ago period, whereas operating margin contracted 10 bps to 27.3%.
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Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report SHOE CARNIVAL (SCVL): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor Corporation ( DECK ) plunged 14.3% during after-market trading hours following disappointing third-quarter fiscal 2015 performance and the subsequent trimming of outlook. Deckers Outdoor Corporation - Earnings Surprise | FindTheBest However, reduced incentive compensation expense accruals and a lower-than-anticipated effective tax rate provided cushion to the bottom line that surpassed the company's projection of $4.46 per share and registered year-over-year growth of 11.4%.
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Shares of Deckers Outdoor Corporation ( DECK ) plunged 14.3% during after-market trading hours following disappointing third-quarter fiscal 2015 performance and the subsequent trimming of outlook. Deckers Outdoor Corporation - Earnings Surprise | FindTheBest However, reduced incentive compensation expense accruals and a lower-than-anticipated effective tax rate provided cushion to the bottom line that surpassed the company's projection of $4.46 per share and registered year-over-year growth of 11.4%. Deckers reported operating income of $214.6 million, up 6.5% from the year-ago period, whereas operating margin contracted 10 bps to 27.3%.
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Shares of Deckers Outdoor Corporation ( DECK ) plunged 14.3% during after-market trading hours following disappointing third-quarter fiscal 2015 performance and the subsequent trimming of outlook. Deckers Outdoor Corporation - Earnings Surprise | FindTheBest However, reduced incentive compensation expense accruals and a lower-than-anticipated effective tax rate provided cushion to the bottom line that surpassed the company's projection of $4.46 per share and registered year-over-year growth of 11.4%. Deckers reported operating income of $214.6 million, up 6.5% from the year-ago period, whereas operating margin contracted 10 bps to 27.3%.
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2015-01-28 00:00:00 UTC
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Why Deckers Outdoor (DECK) Might Surprise This Earnings Season - Tale of the Tape
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DECK
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https://www.nasdaq.com/articles/why-deckers-outdoor-deck-might-surprise-this-earnings-season-tale-of-the-tape-2015-01-28
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Investors are always looking for stocks that are poised to beat at earnings season and Deckers Outdoor Corp. ( DECK ) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Deckers Outdoor is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favorable trends underneath the surface for DECK in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $4.68 per share for DECK, compared to a broader Zacks Consensus Estimate of $4.52 per share. This suggests that analysts have very recently bumped up their estimates for DECK, giving the stock a Zacks Earnings ESP of 3.54% heading into earnings season.
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here ).
Given that DECK has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Deckers Outdoor, and that a beat might be in the cards for the upcoming report.
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 >>
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 (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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After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favorable trends underneath the surface for DECK in this report. Given that DECK has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Deckers Outdoor, and that a beat might be in the cards for the upcoming report.
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Clearly, recent earnings estimate revisions suggest that good things are ahead for Deckers Outdoor, and that a beat might be in the cards for the upcoming report. Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Investors are always looking for stocks that are poised to beat at earnings season and Deckers Outdoor Corp. ( DECK ) may be one such company.
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This suggests that analysts have very recently bumped up their estimates for DECK, giving the stock a Zacks Earnings ESP of 3.54% heading into earnings season. Given that DECK has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Investors are always looking for stocks that are poised to beat at earnings season and Deckers Outdoor Corp. ( DECK ) may be one such company.
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Investors are always looking for stocks that are poised to beat at earnings season and Deckers Outdoor Corp. ( DECK ) may be one such company. Clearly, recent earnings estimate revisions suggest that good things are ahead for Deckers Outdoor, and that a beat might be in the cards for the upcoming report. That is because Deckers Outdoor is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
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2015-01-28 00:00:00 UTC
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Will Deckers Outdoor (DECK) Beat Q3 Earnings Estimates? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-deckers-outdoor-deck-beat-q3-earnings-estimates-analyst-blog-2015-01-28
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nan
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nan
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We expect Deckers Outdoor Corp. ( DECK ) to beat expectations when it reports third-quarter fiscal 2015 results on Jan 29. In the last quarter, it posted a positive surprise of 15.8%. Let's see how things are shaping up for this announcement.
Why a Likely Positive Surprise?
Our proven model shows that Deckers is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. Deckers has the right combination of the two key components.
Zacks ESP: Deckers currently has an Earnings ESP of +1.33%. This is because the Most Accurate estimate stands at $4.58, while the Zacks Consensus Estimate is pegged at $4.52.
Zacks Rank: Deckers carries a Zacks Rank #3 (Hold). Note that stocks with a Zacks Rank #1, 2 or 3 have a significantly higher chance of beating earnings estimates. Conversely, the Sell-rated stocks (Rank #4 and 5) should never be considered going into an earnings announcement.
Deckers' Zacks Rank #3 and ESP of +1.33% make us reasonably confident of an earnings beat.
What is Driving the Better-than-Expected Earnings?
We believe that product innovation, cost containment, store augmentation and focus on profitable markets have helped Deckers to stay afloat in a cautious consumer environment. This is evident from the company's better-than-expected second-quarter fiscal 2015 results, mainly attributable to strong demand for UGG, Teva, Sanuk and HOKA brands. We believe expanding its direct-to-consumer operations, omni-channel strategies, effective inventory management and optimum capital allocation will enable Deckers to sustain its growth momentum.
In the trailing four quarters, Deckers had outperformed the Zacks Consensus Estimate by an average of 22.6%.
Other Stocks that Warrant a Look
Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Thomson Reuters Corporation ( TRI ) has an Earnings ESP of +2.08% and a Zacks Rank #3.
Chipotle Mexican Grill, Inc. ( CMG ) has an Earnings ESP of +3.18% and a Zacks Rank #2 (Buy).
Archer-Daniels-Midland Company ( ADM ) has an Earnings ESP of +3.30% and a Zacks Rank #3.
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
CHIPOTLE MEXICN (CMG): Free Stock Analysis Report
ARCHER DANIELS (ADM): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
THOMSON REUTERS (TRI): 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 believe that product innovation, cost containment, store augmentation and focus on profitable markets have helped Deckers to stay afloat in a cautious consumer environment. We believe expanding its direct-to-consumer operations, omni-channel strategies, effective inventory management and optimum capital allocation will enable Deckers to sustain its growth momentum. We expect Deckers Outdoor Corp. ( DECK ) to beat expectations when it reports third-quarter fiscal 2015 results on Jan 29.
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We expect Deckers Outdoor Corp. ( DECK ) to beat expectations when it reports third-quarter fiscal 2015 results on Jan 29. Click to get this free report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report ARCHER DANIELS (ADM): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report THOMSON REUTERS (TRI): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model shows that Deckers is likely to beat earnings estimates this quarter.
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Zacks Rank: Deckers carries a Zacks Rank #3 (Hold). Click to get this free report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report ARCHER DANIELS (ADM): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report THOMSON REUTERS (TRI): Free Stock Analysis Report To read this article on Zacks.com click here. We expect Deckers Outdoor Corp. ( DECK ) to beat expectations when it reports third-quarter fiscal 2015 results on Jan 29.
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We expect Deckers Outdoor Corp. ( DECK ) to beat expectations when it reports third-quarter fiscal 2015 results on Jan 29. Our proven model shows that Deckers is likely to beat earnings estimates this quarter. Deckers has the right combination of the two key components.
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938434df-d5bc-4c89-9ff4-ed5c00f35c1a
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724621.0
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2015-01-27 00:00:00 UTC
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Will hhgregg Inc. (HGG) Disappoint this Earnings Season? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-hhgregg-inc.-hgg-disappoint-this-earnings-season-analyst-blog-2015-01-27
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nan
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nan
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hhgregg Inc. ( HGG ) is set to report its third quarter fiscal 2015 results before the opening bell on Jan 29. Last quarter, this specialty retailer of consumer and other home products reported a loss of 37 cents per share, which compared unfavorably to the Zacks Consensus Estimate of breakeven result. Let's see how things are shaping up prior to the announcement.
Factors to Consider
hhgregg expects sluggish results in the third quarter of 2015 as announced during the preliminary results on Jan 7. Estimates for the third quarter have also declined over the past 30 days.
In the third quarter, the company expects net sales to decline approximately 6% year over year to $666 million, with a decline of approximately 6% in comparable store sales. The poor comparable sales performance is largely attributable to the computing and wireless category, which is expected to decline around 35%. The primary reason for the decline in the computer and tablet industry is lower consumer demand.
Other categories of consumer electronics and home products are expected to decline about 4% and 9%, respectively. Appliance category sales are estimated to remain flat in the third quarter. The company's e-commerce business is an exception as its comparable sales are expected to witness a solid increase of approximately 59% in the third quarter.
The company stated that the continued focus on its strategic initiatives and change in its sales mix resulted in improvement in the consumer electronics category, which was reporting sluggish results for more than a year. Though the continued efforts have moderated the rate of comp sales decline, category sales are expected to remain in the red. Moreover, the company expects continued volatility within the consumer electronics industry in the near term as well.
In addition, in the preliminary results, the company stated that it does not expect to close any store location in fiscal 2015. Also, considering some non-cash charges and uncertain market conditions, the company has withdrawn its fiscal 2015 EBITDA outlook.
Earnings Whispers?
Our proven model does not conclusively show that hhgregg 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, 2 or 3 for this to happen. That is not the case here as you will see below.
Negative Zacks ESP: The ESP for hhgregg is -50.00% as the Zacks Consensus Estimate stands at loss of 4 cents while the Most Accurate estimate stands at a loss of 6 cents per share.
Zacks Rank: hhgregg has a Zacks Rank #3 (Hold) which when combined with a negative ESP makes surprise prediction difficult.
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 momentum.
Stocks to Consider
Other stocks in the retail sector that have both a positive earnings ESP and a favorable Zacks Rank are:
Bebe Stores Inc. ( BEBE ), with an Earnings ESP of +50.00% and a Zacks Rank #1 (Strong Buy).
Tractor Supply Company ( TSCO ), with an Earnings ESP of +2.63% and a Zacks Rank #3.
Deckers Outdoor Corp. ( DECK ), with an Earnings ESP of +1.78% and a Zacks Rank #3
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
TRACTOR SUPPLY (TSCO): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
BEBE STORES INC (BEBE): Free Stock Analysis Report
HHGREGG INC (HGG): 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 ), with an Earnings ESP of +1.78% and a Zacks Rank #3 Want the latest recommendations from Zacks Investment Research? Click to get this free report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BEBE STORES INC (BEBE): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Last quarter, this specialty retailer of consumer and other home products reported a loss of 37 cents per share, which compared unfavorably to the Zacks Consensus Estimate of breakeven result.
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Click to get this free report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BEBE STORES INC (BEBE): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ), with an Earnings ESP of +1.78% and a Zacks Rank #3 Want the latest recommendations from Zacks Investment Research? Last quarter, this specialty retailer of consumer and other home products reported a loss of 37 cents per share, which compared unfavorably to the Zacks Consensus Estimate of breakeven result.
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Click to get this free report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BEBE STORES INC (BEBE): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ), with an Earnings ESP of +1.78% and a Zacks Rank #3 Want the latest recommendations from Zacks Investment Research? In the third quarter, the company expects net sales to decline approximately 6% year over year to $666 million, with a decline of approximately 6% in comparable store sales.
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Deckers Outdoor Corp. ( DECK ), with an Earnings ESP of +1.78% and a Zacks Rank #3 Want the latest recommendations from Zacks Investment Research? Click to get this free report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BEBE STORES INC (BEBE): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Other categories of consumer electronics and home products are expected to decline about 4% and 9%, respectively.
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29001bd8-eb6c-437f-914e-451cef70ec06
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724622.0
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2015-01-23 00:00:00 UTC
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How Useful Is the PEG Ratio?
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DECK
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https://www.nasdaq.com/articles/how-useful-peg-ratio-2015-01-23
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nan
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nan
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The PEG ratio is a useful shorthand for stock valuation. You get it by dividing a stock's current price-to-earnings ratio by its earnings growth rate. You want the number to be low, but not negative.
Master investor Peter Lynch loves this tool. Here's a nugget from his One Up on Wall Street masterwork regarding simple valuation measures: "In general, a P/E ratio that's half the growth rate is very positive, and one that's twice the growth rate is very negative. We use this measure all the time in analyzing stocks for the mutual funds."
Lynch didn't make his millions by using ineffective tools, so there has to be some value to the PEG method. But how far will it take you toward beating the market?
As it turns out, PEG ratios can be a great starting point for quick valuation estimates; but this ratio is a far-from-perfect value yardstick. Let me show you why.
The good
If Peter Lynch had been running his mutual funds with worthless tools, he wouldn't have been able to beat the markets for 11 years and establish a legendary legacy. So yes... the PEG ratio he favored has a place in your investing tool belt.
Lynch likes profitable small-cap stocks that come from industries that are so easy to understand that they might put you to sleep. Under the assumption that Lynch picked the right tool for his particular investing style, the PEG ratio should be most useful to value smallish companies that turn a profit without making a fuss.
I grabbed a semi-random sample of 10 small caps from 2010 in industries as exciting as life insurance, plumbing services, casual apparel, heavy manufacturing, and supply-chain management. (Be still, my heart.) With PEG ratios between 0 and 1.0 five years ago, these stocks were potentially undervalued at that time, according to the Lynch theory. Did they bounce back to proper valuations given the luxury of five years of economic development?
It's a mixed bag, but an attractive one nonetheless:
Five-Year Returns for Low PEG Small Caps | Create infographics .
For a sense of perspective, the S&P 500 delivered an 81% return during the following five years. Seven of my sample stocks did significantly better than that, while one essentially landed in the same ballpark as the market index. Only two of my low-PEG candidates disappointed investors.
Building a portfolio of these 10 stocks at the start of 2010 by investing $1,000 in each ticker would have nearly tripled your money in five years. That's a fantastic annual return of 24%.
Most of these stocks did indeed lift their overall value to land at more reasonable PEG ratios. Eight of these stocks now present PEG ratios between 1.0 and 2.0. You could say that these companies unlocked shareholder value by living up to expectations.
Two notable exceptions make the rule. Everyday fashion retailer The Buckle now sits on a staggeringly high PEG ratio, with a P/E ratio 19 times higher than its long-term growth expectations. The stock hasn't raced to sky-high prices, but analysts see its earnings growth slowing down to a crawl . Annual growth rates just higher than the breakeven 0% mark can wreak havoc with the math of valuation ratios.
Then there's hospice-care specialist Amedisys . In early 2010, the company had enjoyed a 60-fold share-price increase during the previous 10 years -- and was about to get slammed by a federal investigation into Medicare fraud allegations. So the five-year growth expectations of that era didn't hold water. The investigation was settled for a $150 million fine last year, but the stock hasn't recovered from its brush with legal problems.
Amedisys is back to a low PEG ratio of 0.5, meaning that healthcare analysts expect the company to outgrow its currently low valuation.
The bad
I got lucky with my limited low-PEG sample, though. Outliers like Buckle and Amedisys start to expose the weaknesses of the PEG ratio. I looked at analyst-provided growth estimates in order to keep a long-term focus on my investigation. But in doing so, I brought in the big, bad "unknown." If you stop there, you're inviting trouble right into your retirement portfolio.
Peter Lynch addresses this in One Up on Wall Street. Predicting the future is never an exact science. "As to the all-important future growth rate, your guess is as good as mine," Lynch says. And that's coming from an acknowledged master of the trade.
You could avoid this by looking at trailing growth figures instead. In fact, that's what Lynch recommended. But then, you're expecting past performance to continue unchanged.
Amerisys already provided an extreme example of why that approach doesn't work. But you never know what's just around the river bend. Past performance never guarantees future results .
Feel free to look at last year's earnings growth, or the average growth of the last five years, or analyst figures for the next quarter, year, or decade. You could do the same thing with price-to-earnings ratios, as well, looking at forward or trailing earnings and ever-changing market prices.
Moreover, this ratio ignores the effects of dividends, large debt and/or cash balances, and much more . Sticking to smaller, uncomplicated companies helps you work around these omissions, but there are always special cases.
Which brings us to...
The ugly
The simple truth is, there are no surefire rules of thumb that will make you beat the market every time. The PEG ratio is just one of the many flawed tools you might use to arrive at a true investment thesis.
No matter how you bake the PEG ratio, you end up depending on a large set of uncertain numbers. There's just no way around it. To deal with this hard truth, you have to combine this too-simple tool with other approaches.
Don't get me wrong -- PEG ratios can get you started on the right track. See a temptingly low PEG value? Dig deeper to see why it's so darn low. Share prices might be low for a good reason, with no end in sight.
The earnings behind the P/E calculation could be artificially high thanks to an unusual one-time event. Are analysts setting unreasonably high growth targets?
You can -- and should -- chase all of these potential issues right down the rabbit hole. But it will never be as easy as adding another number to your PEG-based investment model. You have to actually look at the business, understand how it works, and figure out why the PEG ratio is running low.
Only then will you be ready to hit that blinking buy button. A low PEG ratio is never a full investment thesis in and of itself; often, however, it's a good starting point for further research. Just make sure you know about the built-in pitfalls.
1 great stock to buy for 2015 and beyond
2015 is shaping up to be another great year for stocks. But if you want to make sure that 2015 is your best investing year ever, you need to know where to start. That's why The Motley Fool's chief investment officer just published a brand-new research report that reveals his top stock for the year ahead. To get the full story on this year's stock -- completely free -- simply click here .
The article How Useful Is the PEG Ratio? originally appeared on Fool.com.
Anders Bylund has no position in any stocks mentioned. The Motley Fool recommends Carter's and The Buckle. The Motley Fool owns shares of The Buckle. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. 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 good If Peter Lynch had been running his mutual funds with worthless tools, he wouldn't have been able to beat the markets for 11 years and establish a legendary legacy. Under the assumption that Lynch picked the right tool for his particular investing style, the PEG ratio should be most useful to value smallish companies that turn a profit without making a fuss. I grabbed a semi-random sample of 10 small caps from 2010 in industries as exciting as life insurance, plumbing services, casual apparel, heavy manufacturing, and supply-chain management.
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As it turns out, PEG ratios can be a great starting point for quick valuation estimates; but this ratio is a far-from-perfect value yardstick. It's a mixed bag, but an attractive one nonetheless: Five-Year Returns for Low PEG Small Caps | Create infographics . Everyday fashion retailer The Buckle now sits on a staggeringly high PEG ratio, with a P/E ratio 19 times higher than its long-term growth expectations.
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With PEG ratios between 0 and 1.0 five years ago, these stocks were potentially undervalued at that time, according to the Lynch theory. Everyday fashion retailer The Buckle now sits on a staggeringly high PEG ratio, with a P/E ratio 19 times higher than its long-term growth expectations. Amedisys is back to a low PEG ratio of 0.5, meaning that healthcare analysts expect the company to outgrow its currently low valuation.
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Lynch didn't make his millions by using ineffective tools, so there has to be some value to the PEG method. Amedisys is back to a low PEG ratio of 0.5, meaning that healthcare analysts expect the company to outgrow its currently low valuation. But if you want to make sure that 2015 is your best investing year ever, you need to know where to start.
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0ec9ce83-ca35-462d-b03f-201475c50cd3
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724623.0
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2015-01-23 00:00:00 UTC
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Is Coach (COH) Likely to Surprise This Earnings Season? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/is-coach-coh-likely-to-surprise-this-earnings-season-analyst-blog-2015-01-23
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nan
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nan
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Coach Inc. ( COH ), the designer and marketer of fine accessories and gifts, is slated to report second-quarter fiscal 2015 results on Jan 27. In the last quarter, it posted a positive surprise of 17.8%. Let's see how things are shaping up for this announcement.
Factors Influencing This Quarter
Coach has laid out the blue print for overhauling, which includes product innovation, compelling pricing strategy, new merchandise assortments and a cost-effective global sourcing model. We believe these initiatives would help in driving comparable-store sales and operating margins in the long term.
The company remains optimistic about its dual-gender Legacy lifestyle collection, dedicated men's stores and international growth opportunities to counter the soft consumer scenario.
Moreover, in the trailing three quarters, the company has outperformed the Zacks Consensus Estimate by an average of 11.7%.
However, the company expects sales to decline in the low-double digits on a constant currency basis in fiscal 2015 due to lower promotion and store closure. Also, a mature domestic market and cautious consumer spending environment might hamper its performance in the near term. Therefore, we remain slightly apprehensive about the company's results in the upcoming quarter.
Earnings Whispers?
Our proven model does not conclusively show that Coach 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, 2 or 3 for this to happen. This is not the case here, as you will see below:
Zacks ESP: Earnings ESP for Coach is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 65 cents.
Zacks Rank: Coach carries a Zacks Rank #3 (Hold). Though Zacks Rank #1, 2 or 3 increases the predictive power of ESP, the company's ESP of 0.00% makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks That Warrant a Look
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:
Bebe Stores Inc. ( BEBE ) has an Earnings ESP of +50.00% and a Zacks Rank #1 (Strong Buy).
Tractor Supply Co. ( TSCO ) has an Earnings ESP of +2.63% and a Zacks Rank #3.
Deckers Outdoor Corp. ( DECK ) has an Earnings ESP of +1.78% and a Zacks Rank #3.
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
COACH INC (COH): Free Stock Analysis Report
TRACTOR SUPPLY (TSCO): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
BEBE STORES INC (BEBE): 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 +1.78% and a Zacks Rank #3. Click to get this free report COACH INC (COH): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BEBE STORES INC (BEBE): Free Stock Analysis Report To read this article on Zacks.com click here. Factors Influencing This Quarter Coach has laid out the blue print for overhauling, which includes product innovation, compelling pricing strategy, new merchandise assortments and a cost-effective global sourcing model.
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Click to get this free report COACH INC (COH): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BEBE STORES INC (BEBE): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ) has an Earnings ESP of +1.78% and a Zacks Rank #3. Stocks That Warrant a Look 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: Bebe Stores Inc. ( BEBE ) has an Earnings ESP of +50.00% and a Zacks Rank #1 (Strong Buy).
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Click to get this free report COACH INC (COH): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BEBE STORES INC (BEBE): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ) has an Earnings ESP of +1.78% and a Zacks Rank #3. We caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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Deckers Outdoor Corp. ( DECK ) has an Earnings ESP of +1.78% and a Zacks Rank #3. Click to get this free report COACH INC (COH): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BEBE STORES INC (BEBE): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model does not conclusively show that Coach is likely to beat earnings estimates this quarter.
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30a016a2-cff8-4028-9515-01815fe1b1a2
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724624.0
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2015-01-21 00:00:00 UTC
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Consumer Sector Update for 01/21/2015: BV, DECK, TGT
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DECK
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https://www.nasdaq.com/articles/consumer-sector-update-01212015-bv-deck-tgt-2015-01-21
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nan
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nan
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Top Consumer Shares:
WMT: -0.8%
MCD: -0.1%
DIS: -0.6%
CVS: flat
KO: flat
GE: -0.1%
Consumer shares were lower ahead of the opening bell Wednesday.
In consumer stocks news, Shares of Bazaarvoice ( BV ) climbed over 1% pre-market Wednesday after Cowen analysts upgraded the provider of social commerce solutions to outperform from a market perform rating.
Shares in the company were unchanged at $8.05 during pre-market trading . Over the past 52 weeks, the company has traded between $5.85 and $8.73.
Meanwhile Deckers Outdoor ( DECK ), which designs apparel, accessories and footwear, was trading 0.2% lower in pre-market trading after the company said late Tuesday that it has named David E. Lafitte as the company's new chief operating officer, effective February 2, 2015.
Shares in the company have traded between $70.68 and $99.88 over the past 52 weeks.
And Target ( TGT ) is launching its first private-label apparel line in seven years, which will be rolled out in mid February, Women's Wear Daily reports. The label will be a plus-sized brand known as Ava & Viv and it will be unveiled in New York on Thursday, it said.
Shares in the company were unchanged at $73.67 during pre-market trading. Over the past 52 weeks, the company has traded between $54.66 and $77.75.
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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Meanwhile Deckers Outdoor ( DECK ), which designs apparel, accessories and footwear, was trading 0.2% lower in pre-market trading after the company said late Tuesday that it has named David E. Lafitte as the company's new chief operating officer, effective February 2, 2015. In consumer stocks news, Shares of Bazaarvoice ( BV ) climbed over 1% pre-market Wednesday after Cowen analysts upgraded the provider of social commerce solutions to outperform from a market perform rating. And Target ( TGT ) is launching its first private-label apparel line in seven years, which will be rolled out in mid February, Women's Wear Daily reports.
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Meanwhile Deckers Outdoor ( DECK ), which designs apparel, accessories and footwear, was trading 0.2% lower in pre-market trading after the company said late Tuesday that it has named David E. Lafitte as the company's new chief operating officer, effective February 2, 2015. The views and 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 Deckers Outdoor ( DECK ), which designs apparel, accessories and footwear, was trading 0.2% lower in pre-market trading after the company said late Tuesday that it has named David E. Lafitte as the company's new chief operating officer, effective February 2, 2015. Shares in the company were unchanged at $8.05 during pre-market trading . Shares in the company have traded between $70.68 and $99.88 over the past 52 weeks.
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Meanwhile Deckers Outdoor ( DECK ), which designs apparel, accessories and footwear, was trading 0.2% lower in pre-market trading after the company said late Tuesday that it has named David E. Lafitte as the company's new chief operating officer, effective February 2, 2015. Top Consumer Shares: Shares in the company were unchanged at $8.05 during pre-market trading .
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6077ccfa-9324-469a-80e8-f4a148f22712
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724625.0
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2015-01-20 00:00:00 UTC
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Deckers Outdoor Corp. Enters Oversold Territory (DECK)
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corp-enters-oversold-territory-deck-2015-01-20
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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 Tuesday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 27.4, after changing hands as low as $79.36 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 43.1. A bullish investor could look at DECK's 27.4 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 $70.68 per share, with $99.88 as the 52 week high point - that compares with a last trade of $79.79.
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 Tuesday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 27.4, after changing hands as low as $79.36 per share. A bullish investor could look at DECK's 27.4 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 $70.68 per share, with $99.88 as the 52 week high point - that compares with a last trade of $79.79.
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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 $70.68 per share, with $99.88 as the 52 week high point - that compares with a last trade of $79.79. In trading on Tuesday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 27.4, after changing hands as low as $79.36 per share. A bullish investor could look at DECK's 27.4 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 Tuesday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 27.4, after changing hands as low as $79.36 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 $70.68 per share, with $99.88 as the 52 week high point - that compares with a last trade of $79.79. A bullish investor could look at DECK's 27.4 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 Tuesday, shares of Deckers Outdoor Corp. (Symbol: DECK) entered into oversold territory, hitting an RSI reading of 27.4, after changing hands as low as $79.36 per share. A bullish investor could look at DECK's 27.4 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 $70.68 per share, with $99.88 as the 52 week high point - that compares with a last trade of $79.79.
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92c85167-d3ca-4688-a721-2cab7bd6556a
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724626.0
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2015-01-02 00:00:00 UTC
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Will Nike's Robust Brands & Financials Drive It Higher? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-nikes-robust-brands-financials-drive-it-higher-analyst-blog-2015-01-02
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nan
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nan
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Nike, Inc. ( NKE ), a leader in the U.S. footwear and athletic apparel industry, is growing on the back of its solid brands, expansion strategies and robust financials.
The company's strong portfolio of globally recognized brands including Nike, Converse, Chuck Taylor, Hurley, All Star, One Star, Star Chevron and Jack Purcell, along with its focus on innovation, has helped in strengthening its leadership position. These attributes also provide Nike with a competitive edge over its peers, Adidas and Brown Shoe Co. Inc. ( BWS ).
Further, Nike continues to seek opportunities for increasing its global footprint and market share. In order to better manage its global operations, the company recently appointed Tom Peddie as General Manager and Vice President of its Emerging Markets region, as his appointment is expected to complement the company's goal of expanding in premium markets. Another major tool used by Nike to broaden its ambit is the development of a direct-to-consumer business model.
We are also impressed by the strong growth and innovation demonstrated by Nike every quarter that has resulted in robust performance for over a year. The company has delivered positive earnings surprises for 10 consecutive quarters, representing an average surprise of 8.7%. Based on its remarkable top-line growth and margin expansion, we believe that the stock will be a solid asset for yield-seeking investors in the near term.
Alongside, what sets the company apart is the strong financial status that it boasts, as is evident from its healthy balance sheet which provides it financial flexibility to enhance shareholder value and drive future growth. Moreover, the company recently hiked its quarterly dividend by 17% to 28 cents a share, marking its 13th year of dividend increase in a row. This also underscores management's confidence in its future prospects.
Though these factors speak positively of Nike, we remain concerned as the company's future orders slated for delivery from Dec 2014 through Apr 2015 came in lower than expected, indicating sluggish demand for the third quarter of fiscal 2015. This led the company to remain conservative on its third quarter and fiscal year guidance.
Also, the positivity surrounding Nike's strong quarterly performance and momentum of its business growth may be subdued by the unfavorable currency fluctuations coupled with the impact of recent currency devaluation in developing markets. Due to its exposure in the international market, Nike remains prone to currency fluctuations.
Nike currently carries a Zacks Rank #3 (Hold).
Key Picks from the Sector
Better-ranked retail stocks include Deckers Outdoor Corp. ( DECK ) and Wolverine World Wide Inc. ( WWW ), both carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NIKE INC-B (NKE): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
WOLVERINE WORLD (WWW): Free Stock Analysis Report
BROWN SHOE CO (BWS): 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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Key Picks from the Sector Better-ranked retail stocks include Deckers Outdoor Corp. ( DECK ) and Wolverine World Wide Inc. ( WWW ), both carrying a Zacks Rank #2 (Buy). Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Nike, Inc. ( NKE ), a leader in the U.S. footwear and athletic apparel industry, is growing on the back of its solid brands, expansion strategies and robust financials.
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Key Picks from the Sector Better-ranked retail stocks include Deckers Outdoor Corp. ( DECK ) and Wolverine World Wide Inc. ( WWW ), both carrying a Zacks Rank #2 (Buy). Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report BROWN SHOE CO (BWS): 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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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks from the Sector Better-ranked retail stocks include Deckers Outdoor Corp. ( DECK ) and Wolverine World Wide Inc. ( WWW ), both carrying a Zacks Rank #2 (Buy). In order to better manage its global operations, the company recently appointed Tom Peddie as General Manager and Vice President of its Emerging Markets region, as his appointment is expected to complement the company's goal of expanding in premium markets.
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Key Picks from the Sector Better-ranked retail stocks include Deckers Outdoor Corp. ( DECK ) and Wolverine World Wide Inc. ( WWW ), both carrying a Zacks Rank #2 (Buy). Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. In order to better manage its global operations, the company recently appointed Tom Peddie as General Manager and Vice President of its Emerging Markets region, as his appointment is expected to complement the company's goal of expanding in premium markets.
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b79ec22a-0271-4ece-b3ce-954e0b3a6666
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724627.0
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2014-12-29 00:00:00 UTC
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Bear of the Day: Francesca's (FRAN) - Bear of the Day
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DECK
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https://www.nasdaq.com/articles/bear-day-francescas-fran-bear-day-2014-12-29
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nan
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nan
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Francesca's Holdings Corporation ( FRAN ) has a new CEO but comparable-store-sales continue to slide. Can this Zacks Rank #5 (Strong Sell) retailer turn it around?
Francesca's Holdings is a specialty woman's retailer, operating 538 boutiques in 47 states and the District of Columbia carrying apparel, shoes, jewelry and accessories. It also operates an ecommerce site on francescas.com.
Retail Veteran Announced as New CEO
On Dec 5, Francesca's announced that Michael Barnes, the former CEO of Signet Jewelers, would become CEO of Francesca's. He was also one of the original employees at Fossil and spent more than 25 years there growing the brand.
Francesca's has also been on a growth spurt, with dozens of store openings and a newly revamped web site.
Comparable Store Sales Fell Again
On Dec 10, Francesca's announced its fiscal 2014 third quarter results. While it met the Zacks Consensus Estimate of $0.17, same-store sales continued to slide.
In prior quarters, the company had blamed it on the poor weather and high inventories. But the weather wasn't a factor in the third quarter of this year.
Comparable-store-sales fell 6% but one bright spot was the direct-to-consumer sales, which jumped 53% from the year ago quarter. Through the third quarter, direct-to-consumer sales were up 76% over 2013.
However, as many retailers have been reporting, the environment remains increasingly promotional. Gross profit decreased to 47.3% from 50.7% in the third quarter of the prior year due to increased markdowns and continuing promotions.
The company also continued to open new stores, opening 12 boutiques in the quarter. It has added 87 new boutiques through the third quarter.
It's also been opening outlets and has opened 13 of those this year for a total of 16 stores.
Outlook for the Fourth Quarter is Still Grim
Citing the highly promotional holiday retail environment, Francesca's warned about the fourth quarter. It said its apparel business remained "challenged" and expected aggressive markdowns in order to clear inventory.
It saw a 475 to 525 basis points decrease in gross profit margin in the fourth quarter compared to a year ago.
Comparable-store-sales were expected to fall between 5% and 10% for the quarter. For the full year, comparable-store-sales were expected to fall 2% compared to the prior year.
It was expected to open just one new boutique in the fourth quarter.
Earnings Expected to Slide
The reason Francesca's is a Zacks Rank #5 (Strong Sell) is because analysts have been cutting estimates.
8 estimates were lowered for fiscal 2014 in the last 30 days. The 2014 Zacks Consensus Estimate has fallen to $0.79 from $0.92 in the last month. That's an earnings decline of 24% from fiscal 2013 as the company earned $1.05 last year.
Fiscal 2015 isn't looking much better. 9 estimates have been cut in the last 30 days.
The new CEO has only been on the job just a few weeks so it will take some time to institute changes. But Francesca's is clearly going the wrong direction.
Shares Jump on Hopes of a Turn Around
With news of the new CEO, Francesca's shares have actually rallied off of 2-year lows.
But if you think all of its problems means its a hidden gem, you'd be wrong.
You're not going to get a bargain. Francesca's is trading with a forward P/E of 20.5 which is well above the average of the S&P 500 which is 18x.
Specialty retail is tough right now. If you must buy a company in that industry, you might want to consider Deckers Outdoor Corp. ( DECK ) which makes UGGs. It is a Zacks Rank #2 (Strong Buy) and analysts expect earnings growth of 14% this year and another 18.8% next year.
It's even trading with a cheaper valuation than Francesca's, with a forward P/E of just 19.3.
Want More of Our Best Recommendations?
Zacks' Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Then each week he hand-selects the most compelling trades and serves them up to you in a new program called Zacks Confidential .
Learn More>>
Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Insider Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec .
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
FRANCESCAS HLDG (FRAN): Free Stock Analysis Report
DECKERS OUTDOOR (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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If you must buy a company in that industry, you might want to consider Deckers Outdoor Corp. ( DECK ) which makes UGGs. Click to get this free report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Francesca's Holdings is a specialty woman's retailer, operating 538 boutiques in 47 states and the District of Columbia carrying apparel, shoes, jewelry and accessories.
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Click to get this free report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. If you must buy a company in that industry, you might want to consider Deckers Outdoor Corp. ( DECK ) which makes UGGs. Comparable Store Sales Fell Again On Dec 10, Francesca's announced its fiscal 2014 third quarter results.
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Click to get this free report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. If you must buy a company in that industry, you might want to consider Deckers Outdoor Corp. ( DECK ) which makes UGGs. Retail Veteran Announced as New CEO On Dec 5, Francesca's announced that Michael Barnes, the former CEO of Signet Jewelers, would become CEO of Francesca's.
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If you must buy a company in that industry, you might want to consider Deckers Outdoor Corp. ( DECK ) which makes UGGs. Click to get this free report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. The company also continued to open new stores, opening 12 boutiques in the quarter.
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afa6aba1-9fd6-4328-978f-1ac8978f3269
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724628.0
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2014-12-29 00:00:00 UTC
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Bear of Day: Francesca's (FRAN) - Bear of the Day
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DECK
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https://www.nasdaq.com/articles/bear-day-francescas-fran-bear-day-2014-12-29-0
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nan
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nan
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Francesca's Holdings Corporation ( FRAN ) has a new CEO but comparable-store-sales continue to slide. Can this Zacks Rank #5 (Strong Sell) retailer turn it around?
Francesca's Holdings is a specialty woman's retailer, operating 538 boutiques in 47 states and the District of Columbia carrying apparel, shoes, jewelry and accessories. It also operates an ecommerce site on francescas.com.
Retail Veteran Announced as New CEO
On Dec 5, Francesca's announced that Michael Barnes, the former CEO of Signet Jewelers, would become CEO of Francesca's. He was also one of the original employees at Fossil and spent more than 25 years there growing the brand.
Francesca's has also been on a growth spurt, with dozens of store openings and a newly revamped web site.
Comparable Store Sales Fell Again
On Dec 10, Francesca's announced its fiscal 2014 third quarter results. While it met the Zacks Consensus Estimate of $0.17, same-store sales continued to slide.
In prior quarters, the company had blamed it on the poor weather and high inventories. But the weather wasn't a factor in the third quarter of this year.
Comparable-store-sales fell 6% but one bright spot was the direct-to-consumer sales, which jumped 53% from the year ago quarter. Through the third quarter, direct-to-consumer sales were up 76% over 2013.
However, as many retailers have been reporting, the environment remains increasingly promotional. Gross profit decreased to 47.3% from 50.7% in the third quarter of the prior year due to increased markdowns and continuing promotions.
The company also continued to open new stores, opening 12 boutiques in the quarter. It has added 87 new boutiques through the third quarter.
It's also been opening outlets and has opened 13 of those this year for a total of 16 stores.
Outlook for the Fourth Quarter is Still Grim
Citing the highly promotional holiday retail environment, Francesca's warned about the fourth quarter. It said its apparel business remained "challenged" and expected aggressive markdowns in order to clear inventory.
It saw a 475 to 525 basis points decrease in gross profit margin in the fourth quarter compared to a year ago.
Comparable-store-sales were expected to fall between 5% and 10% for the quarter. For the full year, comparable-store-sales were expected to fall 2% compared to the prior year.
It was expected to open just one new boutique in the fourth quarter.
Earnings Expected to Slide
The reason Francesca's is a Zacks Rank #5 (Strong Sell) is because analysts have been cutting estimates.
8 estimates were lowered for fiscal 2014 in the last 30 days. The 2014 Zacks Consensus Estimate has fallen to $0.79 from $0.92 in the last month. That's an earnings decline of 24% from fiscal 2013 as the company earned $1.05 last year.
Fiscal 2015 isn't looking much better. 9 estimates have been cut in the last 30 days.
The new CEO has only been on the job just a few weeks so it will take some time to institute changes. But Francesca's is clearly going the wrong direction.
Shares Jump on Hopes of a Turn Around
With news of the new CEO, Francesca's shares have actually rallied off of 2-year lows.
But if you think all of its problems means its a hidden gem, you'd be wrong.
You're not going to get a bargain. Francesca's is trading with a forward P/E of 20.5 which is well above the average of the S&P 500 which is 18x.
Specialty retail is tough right now. If you must buy a company in that industry, you might want to consider Deckers Outdoor Corp. ( DECK ) which makes UGGs. It is a Zacks Rank #2 (Strong Buy) and analysts expect earnings growth of 14% this year and another 18.8% next year.
It's even trading with a cheaper valuation than Francesca's, with a forward P/E of just 19.3.
Want More of Our Best Recommendations?
Zacks' Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Then each week he hand-selects the most compelling trades and serves them up to you in a new program called Zacks Confidential .
Learn More>>
Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Insider Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec .
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
FRANCESCAS HLDG (FRAN): Free Stock Analysis Report
DECKERS OUTDOOR (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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If you must buy a company in that industry, you might want to consider Deckers Outdoor Corp. ( DECK ) which makes UGGs. Click to get this free report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Francesca's Holdings is a specialty woman's retailer, operating 538 boutiques in 47 states and the District of Columbia carrying apparel, shoes, jewelry and accessories.
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Click to get this free report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. If you must buy a company in that industry, you might want to consider Deckers Outdoor Corp. ( DECK ) which makes UGGs. Comparable Store Sales Fell Again On Dec 10, Francesca's announced its fiscal 2014 third quarter results.
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If you must buy a company in that industry, you might want to consider Deckers Outdoor Corp. ( DECK ) which makes UGGs. Click to get this free report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Retail Veteran Announced as New CEO On Dec 5, Francesca's announced that Michael Barnes, the former CEO of Signet Jewelers, would become CEO of Francesca's.
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If you must buy a company in that industry, you might want to consider Deckers Outdoor Corp. ( DECK ) which makes UGGs. Click to get this free report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. The company also continued to open new stores, opening 12 boutiques in the quarter.
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3ed93943-e3e8-4bd7-bb72-bde8498f7e1e
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724629.0
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2014-12-29 00:00:00 UTC
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Wolverine World Wide, Inc. (WWW) Ex-Dividend Date Scheduled for December 30, 2014
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DECK
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https://www.nasdaq.com/articles/wolverine-world-wide-inc-www-ex-dividend-date-scheduled-december-30-2014-2014-12-29
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nan
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nan
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Wolverine World Wide, Inc. ( WWW ) will begin trading ex-dividend on December 30, 2014. A cash dividend payment of $0.06 per share is scheduled to be paid on February 02, 2015. Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th quarter that WWW has paid the same dividend. At the current stock price of $29.9, the dividend yield is .8%.
The previous trading day's last sale of WWW was $29.9, representing a -12.32% decrease from the 52 week high of $34.10 and a 24.58% increase over the 52 week low of $24.
WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). WWW's current earnings per share, an indicator of a company's profitability, is $1.18. Zacks Investment Research reports WWW's forecasted earnings growth in 2014 as 12.35%, compared to an industry average of 4.1%.
For more information on the declaration, record and payment dates, visit the WWW Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to WWW through an Exchange Traded Fund [ETF]?
The following ETF(s) have WWW as a top-10 holding:
PowerShares S&P SmallCap Consumer Discretionary Portfolio ( PSCD ).
The top-performing ETF of this group is PSCD with an increase of 12.37% over the last 100 days. It also has the highest percent weighting of WWW at 2.74%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports WWW's forecasted earnings growth in 2014 as 12.35%, compared to an industry average of 4.1%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). WWW's current earnings per share, an indicator of a company's profitability, is $1.18.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of WWW was $29.9, representing a -12.32% decrease from the 52 week high of $34.10 and a 24.58% increase over the 52 week low of $24.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). A cash dividend payment of $0.06 per share is scheduled to be paid on February 02, 2015. Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment.
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84a7cc12-f744-4c52-9b58-57d8eee5b50e
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724630.0
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2014-12-22 00:00:00 UTC
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Deckers Outdoor Moves Up In Market Cap Rank, Passing Denbury Resources
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-moves-market-cap-rank-passing-denbury-resources-2014-12-22
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nan
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nan
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Deckers Outdoor Corp. (Symbol: DECK) was identified as having a larger market cap than the smaller end of the S&P 500, for example Denbury Resources, Inc. (Symbol: DNR), according to The Online Investor .
Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much - that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true "apples-to-apples" comparison of the value of two stocks. In the case of Deckers Outdoor Corp. (Symbol: DECK), the market cap is now $3.19B, versus Denbury Resources, Inc. (Symbol: DNR) at $2.86B.
Below is a three month price history chart comparing the stock performance of DECK vs. DNR (Note that we have found 2 splits in the DECK split history ):
Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). This can have a direct impact on which indices will include the stock, and which mutual funds and ETFs are willing to own the stock. For instance, a mutual fund that is focused solely on Large Cap stocks may for example only be interested in those companies sized $10 billion or larger. Another illustrative example is the S&P MidCap index which essentially takes the S&P 500 index and "tosses out" the biggest 100 companies so as to focus solely on the 400 smaller "up-and-comers" (which in the right environment can outperform their larger rivals). And ETFs that directly follow an index like the S&P 500 will only own the underlying component of that index, selling companies that lose their status as an S&P 500 company, and buying companies when they are added to the index. So a company's market cap, especially in relation to other companies, carries great importance, and for this reason we at TheOnlineInvestor.com find value to putting together these looks at comparative market capitalization daily.
At the closing bell, DECK is down about 1.1%, while DNR is off about 2.5% on the day Monday.
The 20 Largest U.S. Companies By Market Capitalization »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a three month price history chart comparing the stock performance of DECK vs. DNR (Note that we have found 2 splits in the DECK split history ): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Deckers Outdoor Corp. (Symbol: DECK) was identified as having a larger market cap than the smaller end of the S&P 500, for example Denbury Resources, Inc. (Symbol: DNR), according to The Online Investor . In the case of Deckers Outdoor Corp. (Symbol: DECK), the market cap is now $3.19B, versus Denbury Resources, Inc. (Symbol: DNR) at $2.86B.
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Deckers Outdoor Corp. (Symbol: DECK) was identified as having a larger market cap than the smaller end of the S&P 500, for example Denbury Resources, Inc. (Symbol: DNR), according to The Online Investor . In the case of Deckers Outdoor Corp. (Symbol: DECK), the market cap is now $3.19B, versus Denbury Resources, Inc. (Symbol: DNR) at $2.86B. Below is a three month price history chart comparing the stock performance of DECK vs. DNR (Note that we have found 2 splits in the DECK split history ): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's).
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Deckers Outdoor Corp. (Symbol: DECK) was identified as having a larger market cap than the smaller end of the S&P 500, for example Denbury Resources, Inc. (Symbol: DNR), according to The Online Investor . Below is a three month price history chart comparing the stock performance of DECK vs. DNR (Note that we have found 2 splits in the DECK split history ): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the case of Deckers Outdoor Corp. (Symbol: DECK), the market cap is now $3.19B, versus Denbury Resources, Inc. (Symbol: DNR) at $2.86B.
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Deckers Outdoor Corp. (Symbol: DECK) was identified as having a larger market cap than the smaller end of the S&P 500, for example Denbury Resources, Inc. (Symbol: DNR), according to The Online Investor . In the case of Deckers Outdoor Corp. (Symbol: DECK), the market cap is now $3.19B, versus Denbury Resources, Inc. (Symbol: DNR) at $2.86B. Below is a three month price history chart comparing the stock performance of DECK vs. DNR (Note that we have found 2 splits in the DECK split history ): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's).
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93f342ed-c191-4dc5-8572-24e4d4574f73
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724631.0
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2014-12-19 00:00:00 UTC
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Deckers Expands in Canada, Opens Two More UGG Outlets - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-expands-in-canada-opens-two-more-ugg-outlets-analyst-blog-2014-12-19
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nan
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nan
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UGG, a unit of Deckers Outdoor Corp. ( DECK ), in an effort to expand its global presence, inaugurated two new retail stores in Vancouver and Edmonton, which brings the brand's store count in Canada to nine.
The company's management stated that the endeavor to expand in Canada is a part of their omni-channel and growth strategy. Additionally, UGG's store-expansion drive reflects its initiatives to spread out in regions that have considerable growth potential. The company looks for opportunities to grow its store base in order to effectively penetrate into the target markets and foster the brand's potential.
Further, the Vancouver and Edmonton outlets that will cover an area of 2,300 and 2,200 square foot, respectively, are being opened amid the holiday season, which makes the management optimistic about its decision. The brand, known for its high quality, has always remained a top choice for the customers as it provides them with a wide range of product offering both in-store and online.
The two recent openings will feature 600 SKUs highlighting the efforts to enhance the in-store experience and expand the brand's product offering beyond footwear by including loungewear, home products and handbags.
Moreover, the company offers a customization plan called "Bling It On'' that allows shoppers to alter their boots, loungewear and apparel through a selection of Swarovski crystal patterns. While, the "Infinite UGG" program will enable consumers to order any UGG product, whether available in-store or not, and get it delivered at their door step free of cost. These programs will surely fetch the brand extra points.
Moving on, Deckers which competes with Nike, Inc. ( NKE ), seems to be a solid bet for investors as it posted better-than-expected second-quarter fiscal 2015 results, mainly driven by the contribution of the UGG brand. The brand's net sales rose 23.8% to $417.1 million, primarily on an increase in worldwide wholesale sales, contribution from new retail outlets and surge in global e-Commerce sales, partly offset by decline in comps and international distributor sales.
Currently, Deckers has a Zacks Rank #2 (Buy) as its latest endeavor to enter the new markets looks promising and we also believe that product innovation, cost containment, store augmentation and strong focus on profitable markets have facilitated the company to keep afloat in this soft economic environment.
Other Stocks to Consider
Other stocks that can be considered in the same sector include Skilled Healthcare Group, Inc. ( SKH ), sporting a Zacks Rank #1 (Strong Buy), and Sequential Brands Group, Inc. ( SQBG ), carrying a Zacks Rank #2.
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NIKE INC-B (NKE): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
SEQUENTIAL BRND (SQBG): Free Stock Analysis Report
SKILLED HLTHCR (SKH): 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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Moving on, Deckers which competes with Nike, Inc. ( NKE ), seems to be a solid bet for investors as it posted better-than-expected second-quarter fiscal 2015 results, mainly driven by the contribution of the UGG brand. UGG, a unit of Deckers Outdoor Corp. ( DECK ), in an effort to expand its global presence, inaugurated two new retail stores in Vancouver and Edmonton, which brings the brand's store count in Canada to nine. Currently, Deckers has a Zacks Rank #2 (Buy) as its latest endeavor to enter the new markets looks promising and we also believe that product innovation, cost containment, store augmentation and strong focus on profitable markets have facilitated the company to keep afloat in this soft economic environment.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report SKILLED HLTHCR (SKH): Free Stock Analysis Report To read this article on Zacks.com click here. UGG, a unit of Deckers Outdoor Corp. ( DECK ), in an effort to expand its global presence, inaugurated two new retail stores in Vancouver and Edmonton, which brings the brand's store count in Canada to nine. Moving on, Deckers which competes with Nike, Inc. ( NKE ), seems to be a solid bet for investors as it posted better-than-expected second-quarter fiscal 2015 results, mainly driven by the contribution of the UGG brand.
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Currently, Deckers has a Zacks Rank #2 (Buy) as its latest endeavor to enter the new markets looks promising and we also believe that product innovation, cost containment, store augmentation and strong focus on profitable markets have facilitated the company to keep afloat in this soft economic environment. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report SKILLED HLTHCR (SKH): Free Stock Analysis Report To read this article on Zacks.com click here. UGG, a unit of Deckers Outdoor Corp. ( DECK ), in an effort to expand its global presence, inaugurated two new retail stores in Vancouver and Edmonton, which brings the brand's store count in Canada to nine.
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Currently, Deckers has a Zacks Rank #2 (Buy) as its latest endeavor to enter the new markets looks promising and we also believe that product innovation, cost containment, store augmentation and strong focus on profitable markets have facilitated the company to keep afloat in this soft economic environment. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report SKILLED HLTHCR (SKH): Free Stock Analysis Report To read this article on Zacks.com click here. UGG, a unit of Deckers Outdoor Corp. ( DECK ), in an effort to expand its global presence, inaugurated two new retail stores in Vancouver and Edmonton, which brings the brand's store count in Canada to nine.
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af438cd0-c756-482d-902c-982198dcc238
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724632.0
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2014-12-18 00:00:00 UTC
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Brown Shoe Company, Inc. (BWS) Ex-Dividend Date Scheduled for December 19, 2014
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DECK
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https://www.nasdaq.com/articles/brown-shoe-company-inc-bws-ex-dividend-date-scheduled-december-19-2014-2014-12-18
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nan
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nan
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Brown Shoe Company, Inc. ( BWS ) will begin trading ex-dividend on December 19, 2014. A cash dividend payment of $0.07 per share is scheduled to be paid on January 02, 2015. Shareholders who purchased BWS stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 31st quarter that BWS has paid the same dividend. At the current stock price of $31.44, the dividend yield is .89%.
The previous trading day's last sale of BWS was $31.44, representing a -6.62% decrease from the 52 week high of $33.67 and a 40.99% increase over the 52 week low of $22.30.
BWS is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). BWS's current earnings per share, an indicator of a company's profitability, is $1.66. Zacks Investment Research reports BWS's forecasted earnings growth in 2015 as 20.57%, compared to an industry average of 4.1%.
For more information on the declaration, record and payment dates, visit the BWS Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to BWS through an Exchange Traded Fund [ETF]?
The following ETF(s) have BWS as a top-10 holding:
PowerShares FTSE RAFI US 1500 Small-Mid Portfolio ( PRFZ ).
The top-performing ETF of this group is PRFZ with an increase of 1.3% over the last 100 days. It also has the highest percent weighting of BWS at 0.17%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BWS is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased BWS stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports BWS's forecasted earnings growth in 2015 as 20.57%, compared to an industry average of 4.1%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. BWS is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). BWS's current earnings per share, an indicator of a company's profitability, is $1.66.
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BWS is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased BWS stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of BWS was $31.44, representing a -6.62% decrease from the 52 week high of $33.67 and a 40.99% increase over the 52 week low of $22.30.
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BWS is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). A cash dividend payment of $0.07 per share is scheduled to be paid on January 02, 2015. Shareholders who purchased BWS stock prior to the ex-dividend date are eligible for the cash dividend payment.
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7e819e87-e3d4-405d-9973-620a3fd73580
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724633.0
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2014-12-15 00:00:00 UTC
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Deckers Hits 52-Week High on Strong Growth Momentum - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-hits-52-week-high-on-strong-growth-momentum-analyst-blog-2014-12-15
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nan
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nan
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Shares of Deckers Outdoor Corp. ( DECK ) touched a 52-week high of $99.88 on Dec 12, 2014 before eventually closing at $96.98. The company's growth initiatives, including product innovation, cost containment, store expansion, focus on profitable markets along with consistent strength of its UGG brand, have facilitated the stock to stay afloat in this soft economic environment.
Deckers' primary strength is its earnings surprise history. The company has outperformed the Zacks Consensus Estimate for ten consecutive quarters, with an average beat of 30.9%, including 15.8% in the last concluded quarter. This designer and producer of footwear and accessories delivered second-quarter fiscal 2015 earnings of $1.17 per share that surpassed the Zacks Consensus Estimate of $1.01 and surged 23.2% year over year buoyed by strong demand for UGG, Teva, Sanuk and HOKA brands.
Additionally, sales trends remained sturdy across the Direct-to-Consumer division, while omni-channel initiatives boosted consumer experience. This facilitated net sales to soar 24.2% to $480.3 million, ahead of the Zacks Consensus Estimate of $457 million. Stellar e-Commerce performance also contributed to sales growth.
Going forward, the company plans to open smaller concept omni-channel outlets and expand a new tool "Retail Inventory Online" to help customers locate products before they visit its outlets.
Following an impressive quarter, management raised its sales and earnings guidance for the year. Deckers now projects total revenue growth of 15% for fiscal 2015, up from 14% estimated earlier and anticipates sales growth of 14% in UGG brand (12% growth previously projected). Management also forecasts a 15.8% rise in earnings per share for the fiscal year - up from the 14.5% jump predicted earlier - taking into account an estimated gross profit margin of approximately 49% and an operating margin of about 13%.
We see Deckers, carrying a Zacks Rank #2 (Buy), as a solid bet for investors. Apart from Deckers, L Brands, Inc. ( LB ), Advance Auto Parts Inc. ( AAP ) and The Cato Corporation ( CATO ) also hit 52-week highs of $84.24, $161.99 and $41.27, respectively, on Dec 12.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
L BRANDS INC (LB): 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 Corp. ( DECK ) touched a 52-week high of $99.88 on Dec 12, 2014 before eventually closing at $96.98. Deckers' primary strength is its earnings surprise history. Deckers now projects total revenue growth of 15% for fiscal 2015, up from 14% estimated earlier and anticipates sales growth of 14% in UGG brand (12% growth previously projected).
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Deckers now projects total revenue growth of 15% for fiscal 2015, up from 14% estimated earlier and anticipates sales growth of 14% in UGG brand (12% growth previously projected). Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor Corp. ( DECK ) touched a 52-week high of $99.88 on Dec 12, 2014 before eventually closing at $96.98.
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Deckers now projects total revenue growth of 15% for fiscal 2015, up from 14% estimated earlier and anticipates sales growth of 14% in UGG brand (12% growth previously projected). Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor Corp. ( DECK ) touched a 52-week high of $99.88 on Dec 12, 2014 before eventually closing at $96.98.
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Deckers now projects total revenue growth of 15% for fiscal 2015, up from 14% estimated earlier and anticipates sales growth of 14% in UGG brand (12% growth previously projected). Shares of Deckers Outdoor Corp. ( DECK ) touched a 52-week high of $99.88 on Dec 12, 2014 before eventually closing at $96.98. Deckers' primary strength is its earnings surprise history.
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aec42062-5bf4-4be4-ae08-794b08c74799
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724634.0
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2014-12-15 00:00:00 UTC
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Francesca's Q3 Earnings In Line, Revs Lag; FY View Cut - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/francescas-q3-earnings-in-line-revs-lag-fy-view-cut-analyst-blog-2014-12-15
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nan
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nan
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Francesca's Holdings Corp.'s ( FRAN ) earnings of 17 cents per share in the third quarter of 2014 were in line with the Zacks Consensus Estimate. Earnings however declined 15% year over year due to soft comps and weak margins. Results were at the lower end of management's guided range of 17 to 22 cents.
Francesca's Holdings Corporation - Earnings Surprise | FindTheBest
Revenues & Margins
The specialty retailer reported net sales of $87.1 million, missing the Zacks Consensus Estimate of $88 million by 1%. It was at the lower end of management's expectation of $87.0 to $92.0 million. Declining transactions within comparable boutiques dented sales. However, sales increased 9% year over year backed by 92 boutiques opened since the end of third-quarter fiscal 2013. The company opened 12 boutiques during the quarter.
Comps, including direct-to-consumer sales, decreased 6% as against a decline of 3% in the prior-year quarter due to lower consumer traffic and lower transactions. The gift category reported the highest gain of 47%. Merchandise, jewelry, apparel and accessories categories reported gain of 9%, 8%, 6% and 3%, respectively.
Gross margin shrank 340 basis points (bps) to 47.3% year over year due to 160 bps decline in merchandise margin and 170 bps increased markdowns and promotional activities. Operating margin shrank 520 bps to 13.1% due to a rise of 16% in selling, general and administrative expenses compared with the previous year.
Fiscal Fourth-Quarter 2014 Outlook
Management expects challenging retail environment and aggressive promotional activity to continue throughout the holiday season. Moreover, apparel business is expected to face challenging conditions in the upcoming quarter.
Net sales are expected in the range of $96 to $102 million, up 4% to 11% year over year. Comps are expected to decrease 5% to 10% versus a decrease of 6% a year ago. The company plans to open one boutique in the fourth quarter. Earnings per share are expected in the range of 13 to 19 cents, The guidance takes into consideration 475 to 525 bps decrease in gross profit margin due to higher markdowns in its merchandise given during the quarter.
Fiscal 2014 Outlook
Francesca's lowered the fiscal 2014 outlook in view of the persistent challenges in retail conditions. For fiscal 2014, the company expects net sales in the range of $366 to $372 million versus $373 to $383 million expected previously. Comps are expected to decrease 6% to 8% compared to 2% decline in the previous year. Earnings per share are expected in the range of 75 to 81 cents versus 88 to 98 cents expected earlier. The guidance compares unfavorable with $1.02 per share reported in fiscal 2013.
Francesca's currently carries a Zacks Rank #5 (Strong Sell).
Stocks to Consider
Better-ranked stocks in the apparel industry worth considering are Brown Shoe Company ( BWS ), Iconix Brand Group Inc. ( ICON ) and Deckers Outdoor Inc. ( DECK ). All these stocks have a Zacks Rank #2 (Buy).
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
FRANCESCAS HLDG (FRAN): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (ICON): Free Stock Analysis Report
BROWN SHOE CO (BWS): 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 apparel industry worth considering are Brown Shoe Company ( BWS ), Iconix Brand Group Inc. ( ICON ) and Deckers Outdoor Inc. ( DECK ). Click to get this free report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Operating margin shrank 520 bps to 13.1% due to a rise of 16% in selling, general and administrative expenses compared with the previous year.
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Stocks to Consider Better-ranked stocks in the apparel industry worth considering are Brown Shoe Company ( BWS ), Iconix Brand Group Inc. ( ICON ) and Deckers Outdoor Inc. ( DECK ). Click to get this free report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Gross margin shrank 340 basis points (bps) to 47.3% year over year due to 160 bps decline in merchandise margin and 170 bps increased markdowns and promotional activities.
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Click to get this free report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked stocks in the apparel industry worth considering are Brown Shoe Company ( BWS ), Iconix Brand Group Inc. ( ICON ) and Deckers Outdoor Inc. ( DECK ). Gross margin shrank 340 basis points (bps) to 47.3% year over year due to 160 bps decline in merchandise margin and 170 bps increased markdowns and promotional activities.
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Stocks to Consider Better-ranked stocks in the apparel industry worth considering are Brown Shoe Company ( BWS ), Iconix Brand Group Inc. ( ICON ) and Deckers Outdoor Inc. ( DECK ). Click to get this free report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. However, sales increased 9% year over year backed by 92 boutiques opened since the end of third-quarter fiscal 2013.
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9e147731-8373-48fa-bf4b-ad593c3759f1
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724635.0
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2014-12-10 00:00:00 UTC
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Nike (NKE) Names GM & VP of Emerging Markets - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/nike-nke-names-gm-vp-of-emerging-markets-analyst-blog-2014-12-10
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nan
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nan
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Nike, Inc. ( NKE ) named Tom Peddie General Manager ("GM") and Vice President ("VP") of the company's Emerging Markets area.
Prior to Peddie's appointment, the post was held by Roland Wolfram. Wolfram will retire on Jan 9, 2015, after having served the company for 16 years.
Before being selected for this role, Peddie was working as VP of Global Sales with Nike. Moreover, this 24-year old veteran has held various other senior positions in the company's global sales organizations, including VP Sales for North America and Asia Pacific.
Management believes that Peddie is most likely to take the company forward with his able leadership skills and strong history of enhancing Nike's management strategies, internationally. His knowledge and experience are expected to complement the company's goals of solidifying its brand, building robust customer bonds and expanding in premium markets.
Nike's focus on expansion is evident as it continuously seeks opportunities for increasing its global footprint and market share. Over the years, it has acquired renowned brands such as Converse, Hurley and others. Another major tool used by Nike to broaden its ambit is the development of its direct-to-consumer business model.
Further, Nike enjoys a healthy financial status which supports its expansion and innovation strategies. Recently, the company hiked its quarterly dividend by 17% to 28 cents a share, marking its 13th year of dividend increase in a row, reflecting the management's confidence in its future prospects.
Being the industry leader in the U.S. footwear and athletic apparel industry, this Zacks Rank #1 (Strong Buy) stock boasts a strong portfolio of globally recognized brands including Nike, Converse, Chuck Taylor, Hurley, All Star, One Star, Star Chevron and Jack Purcell.
The company's commitment to innovation further provides it with a competitive edge over its peers like Adidas, Skechers USA Inc. ( SKX ) and Brown Shoe Co. Inc. ( BWS ).
Another stock looking attractive at current levels in the same industry is Deckers Outdoor Corp. ( DECK ), with a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NIKE INC-B (NKE): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
BROWN SHOE CO (BWS): 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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Another stock looking attractive at current levels in the same industry is Deckers Outdoor Corp. ( DECK ), with a Zacks Rank #2 (Buy). Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Nike, Inc. ( NKE ) named Tom Peddie General Manager ("GM") and Vice President ("VP") of the company's Emerging Markets area.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Another stock looking attractive at current levels in the same industry is Deckers Outdoor Corp. ( DECK ), with a Zacks Rank #2 (Buy). Being the industry leader in the U.S. footwear and athletic apparel industry, this Zacks Rank #1 (Strong Buy) stock boasts a strong portfolio of globally recognized brands including Nike, Converse, Chuck Taylor, Hurley, All Star, One Star, Star Chevron and Jack Purcell.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Another stock looking attractive at current levels in the same industry is Deckers Outdoor Corp. ( DECK ), with a Zacks Rank #2 (Buy). Management believes that Peddie is most likely to take the company forward with his able leadership skills and strong history of enhancing Nike's management strategies, internationally.
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Another stock looking attractive at current levels in the same industry is Deckers Outdoor Corp. ( DECK ), with a Zacks Rank #2 (Buy). Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Nike, Inc. ( NKE ) named Tom Peddie General Manager ("GM") and Vice President ("VP") of the company's Emerging Markets area.
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67365bbb-6ce5-4a55-8702-4e7ee9ce64f3
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724636.0
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2014-11-26 00:00:00 UTC
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Brown Shoe (BWS) Looks Good: Stock Adds 9.8% in Session - Tale of the Tape
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DECK
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https://www.nasdaq.com/articles/brown-shoe-bws-looks-good%3A-stock-adds-9.8-in-session-tale-of-the-tape-2014-11-26
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nan
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nan
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Brown Shoe Co. Inc. ( BWS ) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $26.59 to $28.70 in the past one-month time frame.
The company has seen no estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Brown Shoe currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Other players in the shoes & rel apprl industry, which look attractive at current levels, include Skechers USA Inc. ( SKX ), Deckers Outdoor Corp. ( DECK ) and Iconix Brand Group, Inc. ( ICON ). While Skechers sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and Iconix Brand have the same Zacks Rank as Brown Shoe.
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 >>
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
BROWN SHOE CO (BWS): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (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 players in the shoes & rel apprl industry, which look attractive at current levels, include Skechers USA Inc. ( SKX ), Deckers Outdoor Corp. ( DECK ) and Iconix Brand Group, Inc. ( ICON ). While Skechers sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and Iconix Brand have the same Zacks Rank as Brown Shoe. Click to get this free report BROWN SHOE CO (BWS): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here.
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Other players in the shoes & rel apprl industry, which look attractive at current levels, include Skechers USA Inc. ( SKX ), Deckers Outdoor Corp. ( DECK ) and Iconix Brand Group, Inc. ( ICON ). While Skechers sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and Iconix Brand have the same Zacks Rank as Brown Shoe. Click to get this free report BROWN SHOE CO (BWS): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here.
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While Skechers sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and Iconix Brand have the same Zacks Rank as Brown Shoe. Click to get this free report BROWN SHOE CO (BWS): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Other players in the shoes & rel apprl industry, which look attractive at current levels, include Skechers USA Inc. ( SKX ), Deckers Outdoor Corp. ( DECK ) and Iconix Brand Group, Inc. ( ICON ).
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While Skechers sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and Iconix Brand have the same Zacks Rank as Brown Shoe. Other players in the shoes & rel apprl industry, which look attractive at current levels, include Skechers USA Inc. ( SKX ), Deckers Outdoor Corp. ( DECK ) and Iconix Brand Group, Inc. ( ICON ). Click to get this free report BROWN SHOE CO (BWS): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here.
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957fe94a-c6eb-48db-b021-11aadff03e5d
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724637.0
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2014-11-24 00:00:00 UTC
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Hibbett (HIBB) Q3 Earnings Surpass Estimates, Ups Outlook - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/hibbett-hibb-q3-earnings-surpass-estimates-ups-outlook-analyst-blog-2014-11-24
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Hibbett Sports, Inc. ( HIBB ) continued with its positive earnings surprise streak for the second consecutive quarter in fiscal 2015. After beating the Zacks Consensus Estimate by 3.2% in the second quarter, this sporting goods retailer surpassed it again by 8.1% in the third quarter. The company posted earnings of 67 cents a share that outdid the Zacks Consensus Estimate of 62 cents and also came a penny ahead of the prior-year quarter figure. Higher net sales supported the bottom line. As a result, management raised its fiscal year earnings outlook.
Hibbett Sports Inc - Earnings Surprise | FindTheBest
Net sales of this Zacks Rank #3 (Hold) stock grew 5% year over year to $218.3 million but fell short of the Zacks Consensus Estimate of $222 million. Comparable-store sales inched up 0.6% compared with 4.8% in the year-ago period. Management stated that after soft comparable-store sales in October, the sales trend began to portray an improvement in November. The company remains optimistic about the final quarter, given favorable weather conditions and product launches.
Hibbett's gross profit increased 3.5% to $79.2 million, while gross margin contracted 50 basis points (bps) to 36.3%. The contraction in margin was due to higher markdowns to get rid of the sluggish inventory and increase in store occupancy as a percentage of net sales. Operating income during the quarter fell 2.3% to $26.8 million, whereas operating margin shriveled 90 bps to 12.3%.
Other Financial Aspects
Hibbett ended the quarter with a strong balance sheet comprising $71.5 million in cash and cash equivalents, no outstanding bank debt and full availability under its $80 million credit facility.
During the quarter, Hibbett bought back 371,589 shares for $16.7 million. As of Nov 1, 2014, Hibbett had nearly $179.7 million remaining under its share repurchase program.
Store Update
During the reported quarter, Hibbett increased its store count to 969 in 31 states by opening 26 stores and expanding 2 high-performing stores, while it shut down 7 underperforming stores. Square footage grew 6.5% to about 5.6 million square feet as of Nov 1, 2014.
Fiscal 2015 Guidance
Management now foresees fiscal 2015 earnings between $2.72 and $2.77 per share, up from its previous forecast of $2.63 to $2.73. The current Zacks Consensus Estimate for fiscal-year 2015 is $2.71, and could witness an uptrend in the coming days.
However, Hibbett continues to expect comparable-store sales growth in the low single-digit range. The company also remains on track to open 75 to 80 stores during the current fiscal year.
Other Stocks to Consider
Better-ranked stocks in the retail sector include Skechers USA Inc. ( SKX ), Nike, Inc. ( NKE ), both sporting a Zacks Rank #1 (Strong Buy) and Deckers Outdoor Corp. ( DECK ), carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NIKE INC-B (NKE): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
HIBBET SPORTS (HIBB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Better-ranked stocks in the retail sector include Skechers USA Inc. ( SKX ), Nike, Inc. ( NKE ), both sporting a Zacks Rank #1 (Strong Buy) and Deckers Outdoor Corp. ( DECK ), carrying a Zacks Rank #2 (Buy). Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report HIBBET SPORTS (HIBB): Free Stock Analysis Report To read this article on Zacks.com click here. Hibbett Sports, Inc. ( HIBB ) continued with its positive earnings surprise streak for the second consecutive quarter in fiscal 2015.
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Other Stocks to Consider Better-ranked stocks in the retail sector include Skechers USA Inc. ( SKX ), Nike, Inc. ( NKE ), both sporting a Zacks Rank #1 (Strong Buy) and Deckers Outdoor Corp. ( DECK ), carrying a Zacks Rank #2 (Buy). Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report HIBBET SPORTS (HIBB): Free Stock Analysis Report To read this article on Zacks.com click here. Hibbett Sports Inc - Earnings Surprise | FindTheBest Net sales of this Zacks Rank #3 (Hold) stock grew 5% year over year to $218.3 million but fell short of the Zacks Consensus Estimate of $222 million.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report HIBBET SPORTS (HIBB): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Better-ranked stocks in the retail sector include Skechers USA Inc. ( SKX ), Nike, Inc. ( NKE ), both sporting a Zacks Rank #1 (Strong Buy) and Deckers Outdoor Corp. ( DECK ), carrying a Zacks Rank #2 (Buy). Hibbett Sports Inc - Earnings Surprise | FindTheBest Net sales of this Zacks Rank #3 (Hold) stock grew 5% year over year to $218.3 million but fell short of the Zacks Consensus Estimate of $222 million.
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Other Stocks to Consider Better-ranked stocks in the retail sector include Skechers USA Inc. ( SKX ), Nike, Inc. ( NKE ), both sporting a Zacks Rank #1 (Strong Buy) and Deckers Outdoor Corp. ( DECK ), carrying a Zacks Rank #2 (Buy). Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report HIBBET SPORTS (HIBB): Free Stock Analysis Report To read this article on Zacks.com click here. Hibbett Sports Inc - Earnings Surprise | FindTheBest Net sales of this Zacks Rank #3 (Hold) stock grew 5% year over year to $218.3 million but fell short of the Zacks Consensus Estimate of $222 million.
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724638.0
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2014-11-24 00:00:00 UTC
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Foot Locker Q3 Earnings, Revenues Top Estimates; Up Y/Y - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/foot-locker-q3-earnings-revenues-top-estimates-up-y-y-analyst-blog-2014-11-24
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Impressive top-line performance and solid comparable-store sales growth helped Foot Locker, Inc. ( FL ) to deliver third-quarter fiscal 2014 quarterly earnings of 83 cents a share that surpassed the Zacks Consensus Estimate of 78 cents and surged 22.1% from the prior-year quarter figure of 68 cents.
Our quantitative model had rightly predicted that Foot Locker would beat the Zacks Consensus Estimate, as it had the right combination of two key ingredients - a positive Earnings ESP and a Zacks Rank #2 (Buy). This is the fifth quarter in a row that this New York-based specialty athletic retailer has outperformed the Zacks Consensus Estimate. In the trailing five quarters, Foot Locker has beaten the Zacks Consensus Estimate by an average of 8.1%.
Foot Locker, Inc - Earnings Surprise | FindTheBest
Including one-time items, quarterly earnings came in at 82 cents a share, up from 70 cents in the year-ago period.
Driven by a 6.9% rise in comparable-store sales, Foot Locker's sales for the quarter increased 6.7% year over year to $1,731 million and easily surpassed the Zacks Consensus Estimate of $1,718 million. Effective inventory management and store productivity supported the top-line growth.
The company's stellar performance has been the result of effective implementation of its operational and financial initiatives. Management believes that by continually exploiting opportunities like children's business, shop-in-shop expansion in collaboration with its vendors, store banner.com business, store refurbishment and enhancement of assortments, Foot Locker is likely to benefit in the long run. International expansion, especially in Europe, is another growth catalyst.
Management still expects to attain mid-single digit comparable-store sales growth and a double-digit increase in earnings per share for the back half of fiscal 2014. However, management also pointed out that the currency headwinds could hurt the bottom line by one or two cents a share in the final quarter. They also mentioned that the total percentage increase in sales during the final quarter is anticipated to be lower than comparable-store sales.
Gross margin expanded 10 basis points to 33.2% of sales, whereas the selling, general, and administrative expense rate contracted 60 basis points to 20.4% of sales during the quarter.
Store Update
During the reported quarter, Foot Locker opened 35 outlets, shuttered 21 outlets and relocated/renovated 67 outlets. At the end of the quarter, the company operated 3,474 outlets across 23 countries in North America, Australia, New Zealand and Europe. Apart from these, there are 46 franchised Foot Locker stores in South Korea and the Middle East. Moreover, in Germany and Switzerland, there are 27 franchised Runners Point and Sidestep stores.
Other Financial Details
Foot Locker ended the quarter with cash, cash equivalents and short-term investments of $916 million, long-term debt and obligations under capital leases of $132 million and shareholders' equity of $2,602 million.
During the quarter, the company bought back nearly 683,000 shares worth $38 million. So far in the fiscal year, the company has repurchased 3.55 million shares aggregating $174 million. Management expects capital expenditures of $210 million for the current fiscal.
Other Stocks to Consider
Other well-ranked stocks in the retail sector include Skechers USA Inc. ( SKX ), Nike, Inc. ( NKE ) and Deckers Outdoor Corp. ( DECK ). Both Skechers and Nike sport a Zacks Rank #1 (Strong Buy), while Deckers holds a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NIKE INC-B (NKE): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FOOT LOCKER INC (FL): 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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Other Stocks to Consider Other well-ranked stocks in the retail sector include Skechers USA Inc. ( SKX ), Nike, Inc. ( NKE ) and Deckers Outdoor Corp. ( DECK ). Both Skechers and Nike sport a Zacks Rank #1 (Strong Buy), while Deckers holds a Zacks Rank #2. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other well-ranked stocks in the retail sector include Skechers USA Inc. ( SKX ), Nike, Inc. ( NKE ) and Deckers Outdoor Corp. ( DECK ). Both Skechers and Nike sport a Zacks Rank #1 (Strong Buy), while Deckers holds a Zacks Rank #2.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other well-ranked stocks in the retail sector include Skechers USA Inc. ( SKX ), Nike, Inc. ( NKE ) and Deckers Outdoor Corp. ( DECK ). Both Skechers and Nike sport a Zacks Rank #1 (Strong Buy), while Deckers holds a Zacks Rank #2.
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Other Stocks to Consider Other well-ranked stocks in the retail sector include Skechers USA Inc. ( SKX ), Nike, Inc. ( NKE ) and Deckers Outdoor Corp. ( DECK ). Both Skechers and Nike sport a Zacks Rank #1 (Strong Buy), while Deckers holds a Zacks Rank #2. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here.
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d4d0c313-0f61-43fc-955f-f89bd8728176
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724639.0
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2014-11-17 00:00:00 UTC
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Skechers Unveils Bullish Picture on Solid Earnings Backdrop - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-unveils-bullish-picture-on-solid-earnings-backdrop-analyst-blog-2014-11-17
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nan
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Is Skechers USA Inc. ( SKX ) part of your portfolio? If not, then this is the right time to zero down on the stock as it looks very promising. Moreover, the underlying factors are capable of carrying the momentum further. The stock attained a Zacks Rank #1 (Strong Buy) on Nov 14 and has surged roughly 70.5% year-to-date, demonstrating its inherent strength. We believe that it could prove to be a solid bet for investors.
Skechers' primary strength is its earnings surprise history. The company has outperformed the Zacks Consensus Estimate in six out of the past eight quarters. In the last four quarters, this developer and distributor of footwear for men, women and children topped the Zacks Consensus Estimate by an average of 58.3%, including an earnings surprise of 17.6% in third-quarter 2014.
Skechers continued its superb financial run in the third quarter as both top and bottom lines beat the Zacks Consensus Estimate, increasing year over year. The improvement came on the back of strong sales across its domestic and international wholesale operations, and company-owned retail businesses.
Adjusted earnings per share of $1.07 topped the Zacks Consensus Estimate of 91 cents while rising substantially from 53 cents in the year-ago period. The company's solid earnings are spreading bullishness and leading to a rise in the Zacks Consensus Estimate, which increased 4.2% to $2.72 for 2014 and 6.7% to $3.52 for 2015 in the past 30 days.
Aggressive marketing initiatives, product innovation in multiple categories and healthy performance across all revenue channels led to a 30.7% rise in revenues to $674.3 million in the quarter. This surpassed the Zacks Consensus Estimate of $618 million. The domestic wholesale business marked a revenue increase of 18.5%, while international business revenues surged 60.6% and sales across company-owned retail outlets grew 25%.
With an increased focus on the new line of products, cost containment, inventory management, a global distribution platform and backlogs, the company is confident of sustaining the momentum. Skechers, through its distribution networks, subsidiaries and joint ventures, is poised to expand its global reach in the footwear market, with demand expected to remain strong.
Skechers continues to offer a diversified portfolio of brands that include a wide range of fashion, athletic, non-athletic and work footwear at compelling prices. We believe that this multi-brand strategy enables the company to roll out new products without cannibalizing its existing brands and helps to expand the targeted demographic profile of customers.
Other Stocks That Warrant a Look
Other favorably ranked stocks in the retail sector that look promising and are expected to continue with their upbeat performance include Nike, Inc. ( NKE ) sporting a Zacks Rank #1, Iconix Brand Group, Inc. ( ICON ) and Deckers Outdoor Corp. ( DECK ) both carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SKECHERS USA-A (SKX): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (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 Stocks That Warrant a Look Other favorably ranked stocks in the retail sector that look promising and are expected to continue with their upbeat performance include Nike, Inc. ( NKE ) sporting a Zacks Rank #1, Iconix Brand Group, Inc. ( ICON ) and Deckers Outdoor Corp. ( DECK ) both carrying a Zacks Rank #2 (Buy). Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. With an increased focus on the new line of products, cost containment, inventory management, a global distribution platform and backlogs, the company is confident of sustaining the momentum.
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Other Stocks That Warrant a Look Other favorably ranked stocks in the retail sector that look promising and are expected to continue with their upbeat performance include Nike, Inc. ( NKE ) sporting a Zacks Rank #1, Iconix Brand Group, Inc. ( ICON ) and Deckers Outdoor Corp. ( DECK ) both carrying a Zacks Rank #2 (Buy). Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. The domestic wholesale business marked a revenue increase of 18.5%, while international business revenues surged 60.6% and sales across company-owned retail outlets grew 25%.
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Other Stocks That Warrant a Look Other favorably ranked stocks in the retail sector that look promising and are expected to continue with their upbeat performance include Nike, Inc. ( NKE ) sporting a Zacks Rank #1, Iconix Brand Group, Inc. ( ICON ) and Deckers Outdoor Corp. ( DECK ) both carrying a Zacks Rank #2 (Buy). Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Skechers continued its superb financial run in the third quarter as both top and bottom lines beat the Zacks Consensus Estimate, increasing year over year.
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Other Stocks That Warrant a Look Other favorably ranked stocks in the retail sector that look promising and are expected to continue with their upbeat performance include Nike, Inc. ( NKE ) sporting a Zacks Rank #1, Iconix Brand Group, Inc. ( ICON ) and Deckers Outdoor Corp. ( DECK ) both carrying a Zacks Rank #2 (Buy). Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. The company's solid earnings are spreading bullishness and leading to a rise in the Zacks Consensus Estimate, which increased 4.2% to $2.72 for 2014 and 6.7% to $3.52 for 2015 in the past 30 days.
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724640.0
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2014-10-24 00:00:00 UTC
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Skechers Falls Despite Solid Q3 Earnings & Revenue Increases - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-falls-despite-solid-q3-earnings-revenue-increases-analyst-blog-2014-10-24
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Skechers USA Inc. ( SKX ) continued its superb financial run in the third quarter of 2014 as both top and bottom lines topped the Zacks Consensus Estimate and increased year over year. However, shares slumped 7.3% on the index as the investors' seemed dissapointed by a sizeable negative impact from foreign exchange fluctuations to the earnings per share and a deceleration in revenue growth rate.
Adjusted earnings per share of $1.07 topped the Zacks Consensus Estimate of 91 cents while rising substantially year over year. Including one-time items and foreign exchange impact, earnings per share were $1, compared with 53 cents earned in the prior-year quarter.
Skechers U S A , Inc - Earnings Surprise | FindTheBest
Aggressive marketing initiatives, product innovation across multiple categories and healthy performance across all revenue channels led to a 30.7% rise in revenues to $674.3 million in the quarter, which surpassed the Zacks Consensus Estimate of $618 million. However, this growth rate was quite lower from the 37.1% registered in the second quarter of 2014.
With increased focus on the new line of products, cost containment, inventory management, a global distribution platform and sturdy backlogs, the company remains confident of sustaining the growth momentum in 2014 and carry on with it in 2015. Based on initial backlogs data for first-quarter 2015, the company expects revenues to grow 15-20%.
Gross profit for the quarter soared 32.1% to $304.5 million, while gross margin increased 50 basis points (bps) to 45.2%. The growth was primarily driven by increased sales and a favorable product mix.
Operating income for the quarter increased 68.3% to $74.1 million, while as a percentage of sales it improved 250 bps to 11%.
Segmental Sales Synopsis for Q3
The domestic wholesale business marked a revenue increase of 18.5%, reflecting a jump of 16.1% in pairs shipped and an increase of 1.2% in average price per pair.
Skechers' international business revenue increased 60.6% on the back of a 52.2% rise in international subsidiary and joint venture (JV) sales, as well as an improvement of 87.3% in distributor sales. Impact of tough macroeconomic conditions in several key markets on Skechers' international distributor business was offset by growth in Europe.
Retail global business sales grew 25% and comparable-store sales jumped 11%.
Store Update
Skechers had 432 company-owned retail stores and 537 distributor, JV and licensed stores under operation at the end of third-quarter 2014. At the quarter-end, the company's JV and licensed stores comprised 152 outlets under JVs in Asia including stores operated by licensees, 357 distributor-owned or licensed Skechers retail stores globally and 28 company-licensed locations in Brazil, Canada, Spain, France, Portugal and Ireland.
During the third quarter, the company opened 22 stores, including 14 domestic stores and 8 international outlets. These comprise of new concept stores in Arizona, California, Hawaii, Kentucky, New York, Nevada, North Carolina, Louisiana, Massachusetts, Minnesota and Texas, as well as outlets in Canada, Chile, Spain, and the U.K. Further, the company closed 3 domestic concept stores in the quarter.
So far, in the fourth quarter of 2014, Skechers has opened 5 outlets, one each in Nevada and New York and 3 in Canada. Going forward, the company plans to open 10-15 retail stores during rest of the quarter.
During the second quarter, Skechers opened 32 distributor, JV or licensed stores, 3 each in Australia China and Mexico, two each in Malaysia, Saudi Arabia, South Africa and Turkey and one each in Peru, the UAE, Brunei, Hong Kong, Thailand, France, India and Portugal, Lebanon, Jordan, South Korea, Indonesia, Taiwan. Moreover, 3 licenses outlets were converted into company owned stores in the quarter.
So far, in the fourth quarter of 2014, Skechers has opened 11 third-party stores. Going forward, the company plans to open about 40-50 more stores in 2014.
Strategic Initiatives
Management is focused on innovative products, opening additional Skechers stores and increasing distribution channels with the development of international distribution agreements to boost sales and profitability. Moreover, Skechers' international business remains a significant sales growth driver for the company. Also, through its distribution networks, subsidiaries and JVs, Skechers is poised to enhance its global reach in the footwear market.
Other Financial Aspects
This Zacks Rank #1 (Strong Buy) stock, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended third-quarter 2014 with cash and cash equivalents of $440.8 million, long-term debt of $107.2 million and shareholders' equity of $1,050.7 million, excluding non-controlling interest of $55.7 million. Capital expenditures for the quarter were approximately $18 million.
Other Stock to Consider
Another stock worth considering in the shoe space is Brown Shoe Co. Inc. ( BWS ), which also sports a Zacks Rank #1.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SKECHERS USA-A (SKX): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
BROWN SHOE CO (BWS): 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 Financial Aspects This Zacks Rank #1 (Strong Buy) stock, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended third-quarter 2014 with cash and cash equivalents of $440.8 million, long-term debt of $107.2 million and shareholders' equity of $1,050.7 million, excluding non-controlling interest of $55.7 million. Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. With increased focus on the new line of products, cost containment, inventory management, a global distribution platform and sturdy backlogs, the company remains confident of sustaining the growth momentum in 2014 and carry on with it in 2015.
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Other Financial Aspects This Zacks Rank #1 (Strong Buy) stock, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended third-quarter 2014 with cash and cash equivalents of $440.8 million, long-term debt of $107.2 million and shareholders' equity of $1,050.7 million, excluding non-controlling interest of $55.7 million. Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Strategic Initiatives Management is focused on innovative products, opening additional Skechers stores and increasing distribution channels with the development of international distribution agreements to boost sales and profitability.
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Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects This Zacks Rank #1 (Strong Buy) stock, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended third-quarter 2014 with cash and cash equivalents of $440.8 million, long-term debt of $107.2 million and shareholders' equity of $1,050.7 million, excluding non-controlling interest of $55.7 million. Skechers U S A , Inc - Earnings Surprise | FindTheBest Aggressive marketing initiatives, product innovation across multiple categories and healthy performance across all revenue channels led to a 30.7% rise in revenues to $674.3 million in the quarter, which surpassed the Zacks Consensus Estimate of $618 million.
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Other Financial Aspects This Zacks Rank #1 (Strong Buy) stock, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended third-quarter 2014 with cash and cash equivalents of $440.8 million, long-term debt of $107.2 million and shareholders' equity of $1,050.7 million, excluding non-controlling interest of $55.7 million. Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Skechers' international business revenue increased 60.6% on the back of a 52.2% rise in international subsidiary and joint venture (JV) sales, as well as an improvement of 87.3% in distributor sales.
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3c253fcc-7c9b-4951-9d9c-1fe69aa0310b
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724641.0
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2014-10-24 00:00:00 UTC
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Deckers Beats on Q2 Earnings on Strong Demand, Guides Up - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-beats-on-q2-earnings-on-strong-demand-guides-up-analyst-blog-2014-10-24
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nan
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nan
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Deckers Outdoor Corporation ( DECK ) posted better-than-expected second-quarter fiscal 2015 results driven by a compelling products offering and customer-focused strategy. The quarterly earnings of $1.17 per share surpassed the Zacks Consensus Estimate of $1.01, and surged 23.2% year over year buoyed by strong demand for UGG, Teva, Sanuk and HOKA brands.
Sales trends remained sturdy across the Direct-to-Consumer division, while Omni-Channel initiatives boosted consumer experience. This facilitated net sales to soar 24.2% to $480.3 million that also came ahead of the Zacks Consensus Estimate of $457 million. Stellar e-Commerce performance also contributed to the sales growth.
The company is focusing on opening smaller concept omni-channel outlets and is concentrating on expanding a new tool - Retail Inventory Online - to help customers locate products before they visit the company's outlets.
During the quarter, the company's domestic sales grew 21.1% to $289.1 million while international sales increased 29.2% to $191.2 million. Direct-to-Consumer comparable sales, comprising worldwide retail comparable-store sales (comps) and e-Commerce sales, rose 3.3%.
Gross profit climbed 34.1% to $223.9 million from the comparable prior-year quarter, while gross margin expanded 340 basis points to 46.6%. Deckers reported operating income of $59.6 million, up 28.1% from the year-ago period, whereas operating margin increased 40 basis points to 12.4%.
Segment Discussion
UGG brand net sales rose 23.8% to $417.1 million, primarily on an increase in worldwide wholesale sales, contribution from new retail outlets and surge in global E-Commerce sales, partly offset by decline in comps and international distributor sales.
Teva brand net sales grew 14.9% to $20.7 million, reflecting an increase in domestic wholesale and E-Commerce sales worldwide, partly offset by fall in international wholesale and distributor sales.
Sales for the Sanuk brand, known for its exclusive sandals and shoes, were $19 million, up 3.2% from the year-ago quarter, attributable to an increase in international wholesale and distributor sales, higher E-Commerce sales globally and increase in U.S. retail sales, partly offset by decline in domestic wholesale sales.
Combined net sales of Deckers' Other brands for the quarter were $23.5 million that surged 76.5% year over year primarily on the back of HOKA ONE ONE brand.
Retail Stores sales soared 20.1% to $63.2 million, propelled by the opening of 33 new stores after Sep 30, 2013, partly offset by 8.8% decline in comparable-store sales.
E-commerce sales surged 45.1% to $21.6 million, reflecting robust demand of the UGG, Teva and Sanuk brands globally, along with new international e-Commerce websites and the HOKA ONE ONE brand domestic website.
Store Update
Deckers, the designer, producer and brand manager of footwear and accessories, is targeting to open 30 new outlets during fiscal 2015. There are currently 130 company-owned retail stores.
Other Financial Aspects
Deckers, which competes with Wolverine World Wide Inc. ( WWW ), ended the quarter with cash and cash equivalents of $114.7 million, short-term borrowings of $154.6 million, and shareholders' equity of $896 million. Inventories jumped 8.3% year over year to $481.7 million.
Guidance
Management yet again raised its full-year outlook following UGG brand's performance, solid backlog and E-commerce activity.
This Zacks Rank #1 (Strong Buy) stock now projects total revenue growth of 15% for fiscal 2015, up from 14% forecast earlier, and anticipates sales growth of 14% in UGG brand (12% growth previously projected), low double-digits growth at both Teva and Sanuk brands and sales worth $82 million from Other brands.
Management now projects a 15.8% rise in earnings per share for the fiscal year - up from the 14.5% jump predicted earlier - taking into account an estimated gross profit margin of approximately 49% and an operating margin of about 13%.
For both the third and fourth quarters of fiscal 2015, Deckers now forecasts 10% revenue growth and earnings per share of $4.46 and 15 cents, respectively. The current Zacks Consensus Estimate for the third quarter is $4.72.
Other Stocks to Consider
Investors interested in the same sector could consider stocks like Skechers USA Inc. ( SKX ) and Brown Shoe Co. Inc. ( BWS ) both sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
WOLVERINE WORLD (WWW): Free Stock Analysis Report
BROWN SHOE CO (BWS): 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 ) posted better-than-expected second-quarter fiscal 2015 results driven by a compelling products offering and customer-focused strategy. Store Update Deckers, the designer, producer and brand manager of footwear and accessories, is targeting to open 30 new outlets during fiscal 2015. Deckers reported operating income of $59.6 million, up 28.1% from the year-ago period, whereas operating margin increased 40 basis points to 12.4%.
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Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation ( DECK ) posted better-than-expected second-quarter fiscal 2015 results driven by a compelling products offering and customer-focused strategy. Deckers reported operating income of $59.6 million, up 28.1% from the year-ago period, whereas operating margin increased 40 basis points to 12.4%.
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Deckers Outdoor Corporation ( DECK ) posted better-than-expected second-quarter fiscal 2015 results driven by a compelling products offering and customer-focused strategy. Deckers reported operating income of $59.6 million, up 28.1% from the year-ago period, whereas operating margin increased 40 basis points to 12.4%. Combined net sales of Deckers' Other brands for the quarter were $23.5 million that surged 76.5% year over year primarily on the back of HOKA ONE ONE brand.
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Deckers Outdoor Corporation ( DECK ) posted better-than-expected second-quarter fiscal 2015 results driven by a compelling products offering and customer-focused strategy. Deckers reported operating income of $59.6 million, up 28.1% from the year-ago period, whereas operating margin increased 40 basis points to 12.4%. Combined net sales of Deckers' Other brands for the quarter were $23.5 million that surged 76.5% year over year primarily on the back of HOKA ONE ONE brand.
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37755827-4f7d-4d88-87fa-14d6e21ec5ee
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724642.0
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2014-10-20 00:00:00 UTC
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Will Deckers (DECK) Keep its Earnings Streak Alive in Q2? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-deckers-deck-keep-its-earnings-streak-alive-in-q2-analyst-blog-2014-10-20
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nan
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nan
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Deckers Outdoor Corporation ( DECK ), designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report its second-quarter fiscal 2015 results on Oct 23. In the last quarter, it had posted a positive surprise of 18.3%. Let's see how things are shaping up for this announcement.
Factors Influencing this Quarter
The quarter will be marked by intense competition in the footwear industry and soft economic recovery. Moreover, currency pressure and cautious consumer spending may weigh upon the company's performance.
Earnings Whispers?
Our proven model does not conclusively show that Deckers 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, 2 or 3 for this to happen. This is not the case here, as you will see below.
Zacks ESP: Earnings ESP for Deckers is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at $1.01.
Zacks Rank: Deckers carries a Zacks Rank #3 (Hold). Though a favorable Zacks Rank increases the predictive power of ESP, the company's ESP of 0.00% makes surprise prediction difficult.
The Sell-rated stocks (Rank #4 and 5) should never be considered going into an earnings announcement.
Stocks that Warrant a Look
Here are some companies you may want to consider as our model shows that these have the right combination of elements:
L Brands, Inc. ( LB ) has an Earnings ESP of +3.13% and a Zacks Rank #2 (Buy).
Under Armour, Inc. ( UA ) has an Earnings ESP of +2.50% and a Zacks Rank #2.
The Home Depot, Inc. ( HD ) has an Earnings ESP of +0.89% and a Zacks Rank #2.
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
HOME DEPOT (HD): Free Stock Analysis Report
UNDER ARMOUR-A (UA): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
L BRANDS INC (LB): 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 ), designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report its second-quarter fiscal 2015 results on Oct 23. Our proven model does not conclusively show that Deckers is likely to beat earnings estimates this quarter. Zacks ESP: Earnings ESP for Deckers is 0.00%.
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Click to get this free report HOME DEPOT (HD): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation ( DECK ), designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report its second-quarter fiscal 2015 results on Oct 23. Our proven model does not conclusively show that Deckers is likely to beat earnings estimates this quarter.
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Click to get this free report HOME DEPOT (HD): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation ( DECK ), designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report its second-quarter fiscal 2015 results on Oct 23. Our proven model does not conclusively show that Deckers is likely to beat earnings estimates this quarter.
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Our proven model does not conclusively show that Deckers is likely to beat earnings estimates this quarter. Zacks ESP: Earnings ESP for Deckers is 0.00%. Deckers Outdoor Corporation ( DECK ), designer, producer and brand manager of innovative, niche footwear and accessories, is slated to report its second-quarter fiscal 2015 results on Oct 23.
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c2315fff-3f8c-47cd-aab5-2006507ae756
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724643.0
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2014-10-13 00:00:00 UTC
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DECK November 28th Options Begin Trading
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DECK
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https://www.nasdaq.com/articles/deck-november-28th-options-begin-trading-2014-10-13
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nan
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nan
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Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading today, for the November 28th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new November 28th contracts and identified one put and one call contract of particular interest.
The put contract at the $85.00 strike price has a current bid of $4.70. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $85.00, but will also collect the premium, putting the cost basis of the shares at $80.30 (before broker commissions). To an investor already interested in purchasing shares of DECK, that could represent an attractive alternative to paying $85.52/share today.
Because the $85.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 55%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 5.53% return on the cash commitment, or 43.83% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $85.00 strike is located relative to that history:
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $85.00 strike is located relative to that history: Top YieldBoost Calls of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading today, for the November 28th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new November 28th contracts and identified one put and one call contract of particular interest.
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Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading today, for the November 28th expiration. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $85.00 strike is located relative to that history: Top YieldBoost Calls of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new November 28th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new November 28th contracts and identified one put and one call contract of particular interest. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $85.00 strike is located relative to that history: Top YieldBoost Calls of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading today, for the November 28th expiration.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new November 28th contracts and identified one put and one call contract of particular interest. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading today, for the November 28th expiration. To an investor already interested in purchasing shares of DECK, that could represent an attractive alternative to paying $85.52/share today.
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b3c1f709-5df9-4ec1-a678-d3f9d30a57fb
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724644.0
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2014-10-06 00:00:00 UTC
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Sector Update: Consumer Staple Stocks Claw Back to Positive Ground; Deckers Outdoor Trips After Piper Downgrade
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DECK
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https://www.nasdaq.com/articles/sector-update-consumer-staple-stocks-claw-back-positive-ground-deckers-outdoor-trips-after
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nan
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nan
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Top Consumer Stocks
WMT 0.00%
MCD -1.04%
DIS +0.18%
CVS +0.07%
KO +1.49%
Consumer stocks were mixed shortly before the closing bell this afternoon with shares of consumer staples companies in the S&P 500 turning slightly positive with a 0.1% gain. Shares of consumer discretionary firms in the S&P 500 were down about 0.5%.
In company news, Deckers Outdoor Corp ( DECK ) slumped Monday after the footwear retailer saw its investment rating cut to Neutral from Overweight by analysts at Piper Jaffray, who also lowered their price target for the stock by $10 to $104 a share.
DECK shares were down over 6% at $88.57 apiece, rebounding from an earlier slide to an intra-day low of $86.86 a share. The stock has traded within a 52-week range of $55.90 to $99.80 a share, rising more than 42% over the past 12 months through Friday's close.
In other sector news,
(+) SKYW, Raised to Outperform from Market Perform at Raymond James.
(-) RSH, Restructures a portion of its existing debt, with shareholder Standard General and other investors acquiring certain loans and agreeing to changes affecting credit availability under its asset-back loan facility. Also secures $120 million equity investment.
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 company news, Deckers Outdoor Corp ( DECK ) slumped Monday after the footwear retailer saw its investment rating cut to Neutral from Overweight by analysts at Piper Jaffray, who also lowered their price target for the stock by $10 to $104 a share. DECK shares were down over 6% at $88.57 apiece, rebounding from an earlier slide to an intra-day low of $86.86 a share. The stock has traded within a 52-week range of $55.90 to $99.80 a share, rising more than 42% over the past 12 months through Friday's close.
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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. In company news, Deckers Outdoor Corp ( DECK ) slumped Monday after the footwear retailer saw its investment rating cut to Neutral from Overweight by analysts at Piper Jaffray, who also lowered their price target for the stock by $10 to $104 a share. DECK shares were down over 6% at $88.57 apiece, rebounding from an earlier slide to an intra-day low of $86.86 a share.
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In company news, Deckers Outdoor Corp ( DECK ) slumped Monday after the footwear retailer saw its investment rating cut to Neutral from Overweight by analysts at Piper Jaffray, who also lowered their price target for the stock by $10 to $104 a share. DECK shares were down over 6% at $88.57 apiece, rebounding from an earlier slide to an intra-day low of $86.86 a share. Consumer stocks were mixed shortly before the closing bell this afternoon with shares of consumer staples companies in the S&P 500 turning slightly positive with a 0.1% gain.
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In company news, Deckers Outdoor Corp ( DECK ) slumped Monday after the footwear retailer saw its investment rating cut to Neutral from Overweight by analysts at Piper Jaffray, who also lowered their price target for the stock by $10 to $104 a share. DECK shares were down over 6% at $88.57 apiece, rebounding from an earlier slide to an intra-day low of $86.86 a share. Consumer stocks were mixed shortly before the closing bell this afternoon with shares of consumer staples companies in the S&P 500 turning slightly positive with a 0.1% gain.
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589ec4ad-6c50-4b7d-a5b8-84601df9db24
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724645.0
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2014-10-06 00:00:00 UTC
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Sector Update: Consumer
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DECK
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https://www.nasdaq.com/articles/sector-update-consumer-2014-10-06
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nan
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nan
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Consumer stocks were mixed shortly before the closing bell this afternoon with shares of consumer staples companies in the S&P 500 turning slightly positive with a 0.1% gain. Shares of consumer discretionary firms in the S&P 500 were down about 0.5%.
In company news, Deckers Outdoor Corp ( DECK ) slumped Monday after the footwear retailer saw its investment rating cut to Neutral from Overweight by analysts at Piper Jaffray, who also lowered their price target for the stock by $10 to $104 a share.
DECK shares were down over 6% at $88.57 apiece, rebounding from an earlier slide to an intra-day low of $86.86 a share. The stock has traded within a 52-week range of $55.90 to $99.80 a share, rising more than 42% over the past 12 months through Friday's close.
In other sector news,
(+) SKYW, Raised to Outperform from Market Perform at Raymond James.
(-) RSH, Restructures a portion of its existing debt, with shareholder Standard General and other investors acquiring certain loans and agreeing to changes affecting credit availability under its asset-back loan facility. Also secures $120 million equity investment.
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.
|
In company news, Deckers Outdoor Corp ( DECK ) slumped Monday after the footwear retailer saw its investment rating cut to Neutral from Overweight by analysts at Piper Jaffray, who also lowered their price target for the stock by $10 to $104 a share. DECK shares were down over 6% at $88.57 apiece, rebounding from an earlier slide to an intra-day low of $86.86 a share. The stock has traded within a 52-week range of $55.90 to $99.80 a share, rising more than 42% over the past 12 months through Friday's close.
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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. In company news, Deckers Outdoor Corp ( DECK ) slumped Monday after the footwear retailer saw its investment rating cut to Neutral from Overweight by analysts at Piper Jaffray, who also lowered their price target for the stock by $10 to $104 a share. DECK shares were down over 6% at $88.57 apiece, rebounding from an earlier slide to an intra-day low of $86.86 a share.
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In company news, Deckers Outdoor Corp ( DECK ) slumped Monday after the footwear retailer saw its investment rating cut to Neutral from Overweight by analysts at Piper Jaffray, who also lowered their price target for the stock by $10 to $104 a share. DECK shares were down over 6% at $88.57 apiece, rebounding from an earlier slide to an intra-day low of $86.86 a share. Consumer stocks were mixed shortly before the closing bell this afternoon with shares of consumer staples companies in the S&P 500 turning slightly positive with a 0.1% gain.
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In company news, Deckers Outdoor Corp ( DECK ) slumped Monday after the footwear retailer saw its investment rating cut to Neutral from Overweight by analysts at Piper Jaffray, who also lowered their price target for the stock by $10 to $104 a share. DECK shares were down over 6% at $88.57 apiece, rebounding from an earlier slide to an intra-day low of $86.86 a share. Consumer stocks were mixed shortly before the closing bell this afternoon with shares of consumer staples companies in the S&P 500 turning slightly positive with a 0.1% gain.
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b7a0de4c-795c-459a-b6a5-58587d77b4fc
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724646.0
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2014-10-01 00:00:00 UTC
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Will the Strong Momentum Continue for Deckers (DECK)? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-the-strong-momentum-continue-for-deckers-deck-analyst-blog-2014-10-01
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nan
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nan
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Deckers Outdoor Corp. ( DECK ) continues to impress investors with its product innovation, cost containment, store augmentation and strong focus on profitable markets. The company is optimistic about its future performance, given its continuous investments in brand development, omni-channel capacities, optimum capital allocation and strong fall collection.
The stock has been gaining momentum ever since it posted narrower-than-expected loss for first-quarter fiscal 2015. The company incurred loss of $1.07 per share that fared better than the Zacks Consensus Estimate of loss of $1.31, thanks to strong demand for UGG, Teva, Sanuk and HOKA brands.
However, what came as a drawback was that the loss per share for the quarter under review increased from a loss of 85 cents reported in the year-ago quarter due to higher selling, general and administrative expenses.
On the contrary, net sales rose 24.3% year over year to $211.5 million, coming ahead of the Zacks Consensus Estimate of $191 million.
Top-line growth was fuelled by robust demand for its brands, stellar eCommerce growth and the company's omni-channel capability. Going forward, Deckers plans to open smaller concept omni-channel outlets and expand a new tool "Retail Inventory Online" to help customers locate products before visiting the outlets.
Following the impressive quarter, management raised its sales and earnings guidance for the year. Deckers now projects total revenue growth of 14% for fiscal 2015, up from 13% forecasted earlier. Also, management now envisions a 14.5% rise in earnings per share for the fiscal year, up from the 13.5% jump envisioned earlier.
However, stiff competition from other footwear companies including Skechers USA Inc. ( SKX ), Iconix Brand Group, Inc. ( ICON ) and Brown Shoe Co. Inc. ( BWS ) may act as a hurdle. With significant financial, technological, marketing and manufacturing advantages, these competitors may impact the company's sales and margins.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (ICON): Free Stock Analysis Report
BROWN SHOE CO (BWS): 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 ) continues to impress investors with its product innovation, cost containment, store augmentation and strong focus on profitable markets. Going forward, Deckers plans to open smaller concept omni-channel outlets and expand a new tool "Retail Inventory Online" to help customers locate products before visiting the outlets. Deckers now projects total revenue growth of 14% for fiscal 2015, up from 13% forecasted earlier.
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Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ) continues to impress investors with its product innovation, cost containment, store augmentation and strong focus on profitable markets. Going forward, Deckers plans to open smaller concept omni-channel outlets and expand a new tool "Retail Inventory Online" to help customers locate products before visiting the outlets.
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Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ) continues to impress investors with its product innovation, cost containment, store augmentation and strong focus on profitable markets. Going forward, Deckers plans to open smaller concept omni-channel outlets and expand a new tool "Retail Inventory Online" to help customers locate products before visiting the outlets.
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Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ) continues to impress investors with its product innovation, cost containment, store augmentation and strong focus on profitable markets. Going forward, Deckers plans to open smaller concept omni-channel outlets and expand a new tool "Retail Inventory Online" to help customers locate products before visiting the outlets.
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f3001376-6f29-4b8b-9613-3b4ddda85916
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724647.0
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2014-09-26 00:00:00 UTC
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Wolverine World Wide, Inc. (WWW) Ex-Dividend Date Scheduled for September 29, 2014
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DECK
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https://www.nasdaq.com/articles/wolverine-world-wide-inc-www-ex-dividend-date-scheduled-september-29-2014-2014-09-26
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nan
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nan
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Wolverine World Wide, Inc. ( WWW ) will begin trading ex-dividend on September 29, 2014. A cash dividend payment of $0.06 per share is scheduled to be paid on November 03, 2014. Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that WWW has paid the same dividend. At the current stock price of $25.42, the dividend yield is .94%.
The previous trading day's last sale of WWW was $25.42, representing a -25.45% decrease from the 52 week high of $34.10 and a 5.92% increase over the 52 week low of $24.
WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). WWW's current earnings per share, an indicator of a company's profitability, is $1.15. Zacks Investment Research reports WWW's forecasted earnings growth in 2014 as 11.8%, compared to an industry average of 4.9%.
For more information on the declaration, record and payment dates, visit the WWW Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to WWW through an Exchange Traded Fund [ETF]?
The following ETF(s) have WWW as a top-10 holding:
PowerShares S&P SmallCap Consumer Discretionary Portfolio ( PSCD ).
The top-performing ETF of this group is PSCD with an decrease of -4.12% over the last 100 days. It also has the highest percent weighting of WWW at 2.74%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports WWW's forecasted earnings growth in 2014 as 11.8%, compared to an industry average of 4.9%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). WWW's current earnings per share, an indicator of a company's profitability, is $1.15.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of WWW was $25.42, representing a -25.45% decrease from the 52 week high of $34.10 and a 5.92% increase over the 52 week low of $24.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). A cash dividend payment of $0.06 per share is scheduled to be paid on November 03, 2014. Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment.
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b7995c55-80ad-453d-88c7-3d462f279fea
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724648.0
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2014-09-23 00:00:00 UTC
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Deckers Reaches 52-Week High on Strong Growth Initiatives - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-reaches-52-week-high-on-strong-growth-initiatives-analyst-blog-2014-09-23
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nan
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nan
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Shares of Deckers Outdoor Corp. ( DECK ) touched a 52-week high of $99.80 yesterday before eventually closing at $98.60. The optimism in the stock is well reflected in its continuous investments in brand development, its omni-channel capacities and consistent strength in its UGG brand. Apart from this, the company has been undertaking initiatives to improve the supply chain so as to curtail costs and enhance efficiency.
Deckers' primary strength is its earnings surprise history. The company outperformed the Zacks Consensus Estimate in 9 consecutive quarters, with an average beat of 32.5%. In the last concluded quarter, this designer and producer of footwear and accessories outdid the Zacks Consensus Estimate by 18.3%. The company's better-than-expected first-quarter fiscal 2015 results provided much impetus to this Zacks Rank #2 (Buy) stock that has surged 16% since the announcement on Jul 24.
The company incurred a loss of $1.07 per share that was narrower than the Zacks Consensus Estimate of a loss of $1.31. Moreover, net sales surged 24.3% year over year to $211.5 million and came ahead of the Zacks Consensus Estimate of $191 million.
Top-line growth was fueled by robust demand for its brands, stellar e-Commerce growth and the company's omni-channel capability. Going forward, Deckers plans to open smaller concept omni-channel outlets and expand a new tool "Retail Inventory Online" to help customers locate products before they visit its outlets.
Following the impressive quarter, management raised its sales and earnings guidance for the year. Deckers now projects total revenue growth of 14% for fiscal 2015, up from 13% forecast earlier. Also, management now envisions a 14.5% rise in earnings per share for the fiscal year, up from the 13.5% jump expected earlier.
We see Deckers as a solid bet for investors as evident from its inherent strength and long-term earnings growth projection of 14%. Apart from Deckers, Church & Dwight Co. Inc. ( CHD ), The Clorox Company ( CLX ) and Leggett & Platt, Incorporated ( LEG ) also hit 52-week highs of $70.74, 98.31 and $35.94, respectively, on Sep 22.
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LEGGETT & PLATT (LEG): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
CHURCH & DWIGHT (CHD): Free Stock Analysis Report
CLOROX CO (CLX): 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 see Deckers as a solid bet for investors as evident from its inherent strength and long-term earnings growth projection of 14%. Apart from Deckers, Church & Dwight Co. Inc. ( CHD ), The Clorox Company ( CLX ) and Leggett & Platt, Incorporated ( LEG ) also hit 52-week highs of $70.74, 98.31 and $35.94, respectively, on Sep 22. Shares of Deckers Outdoor Corp. ( DECK ) touched a 52-week high of $99.80 yesterday before eventually closing at $98.60.
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Apart from Deckers, Church & Dwight Co. Inc. ( CHD ), The Clorox Company ( CLX ) and Leggett & Platt, Incorporated ( LEG ) also hit 52-week highs of $70.74, 98.31 and $35.94, respectively, on Sep 22. Click to get this free report LEGGETT & PLATT (LEG): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CHURCH & DWIGHT (CHD): Free Stock Analysis Report CLOROX CO (CLX): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor Corp. ( DECK ) touched a 52-week high of $99.80 yesterday before eventually closing at $98.60.
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Click to get this free report LEGGETT & PLATT (LEG): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CHURCH & DWIGHT (CHD): Free Stock Analysis Report CLOROX CO (CLX): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor Corp. ( DECK ) touched a 52-week high of $99.80 yesterday before eventually closing at $98.60. Deckers' primary strength is its earnings surprise history.
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Apart from Deckers, Church & Dwight Co. Inc. ( CHD ), The Clorox Company ( CLX ) and Leggett & Platt, Incorporated ( LEG ) also hit 52-week highs of $70.74, 98.31 and $35.94, respectively, on Sep 22. Shares of Deckers Outdoor Corp. ( DECK ) touched a 52-week high of $99.80 yesterday before eventually closing at $98.60. Deckers' primary strength is its earnings surprise history.
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e30f3119-21d5-4972-be3f-e6c6c930145f
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724649.0
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2014-09-22 00:00:00 UTC
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All Eyes on Holiday Season: 3 Hot Retail Stocks to Buy Now - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/all-eyes-on-holiday-season%3A-3-hot-retail-stocks-to-buy-now-analyst-blog-2014-09-22
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nan
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nan
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The economy looks much more balanced now with no imminent hike in interest rates, consumer confidence moving north, job market conditions gradually improving and the bond-buying program nearing its end. Retailers are thus hopeful of solid business and are gearing up for the busiest part of the year.
Retailers need to be prepared this holiday season to make the most of it. They need to grab every opportunity, and try all means to drive in consumers. Be it early-hour store openings, promotional events, free shipping on online purchases or heavy discounts, retailers will try every trick to boost sales in the holiday season.
Betting on regained consumer confidence, retail bellwethers such as Target Corp. ( TGT ), Wal-Mart Stores Inc. ( WMT ) and Kohl's Corp. ( KSS ) have also announced their hiring plans for the upcoming holiday season in anticipation of heavy store traffic. While Target and Kohl's plans to add 70,000 and 67,000 heads to their workforce, respectively, Wal-Mart plans to hire 60,000 seasonal staff. After the data breach debacle that tainted its image, Target is trying to win back customers in the upcoming holiday season with its expanded toy collection, including the boutique brand toys.
Favorable Economic Indicators Inspiring Confidence
Gradual recovery in the housing market, strengthening manufacturing sector and an improving employment picture is shaping up well for an economy that registered GDP growth of 4.2% in the second quarter of 2014. This was better than the previous estimate of 4% and a 2.1% decline in the first quarter.
Consumer confidence - a key determinant of the economy's health - improved significantly, reaching the pinnacle this August since October 2007. This implies better prospects for the economy in the second half of 2014 than the first half. We expect this positive sentiment to encourage consumer spending, which accounts for over two-thirds of U.S. economic activity, and help retailers to make the most of it.
According to recent Conference Board data, the Consumer Confidence Index increased to 92.4 in August from 90.3 in July. The preliminary data for September, released by University of Michigan and Thomson Reuters, showed that the consumer sentiment index jumped to 84.6 from the August reading of 82.5, buoyed by improving fundamentals. Notably, the unemployment rate declined to 6.1% in August from 7.2% in the prior-year period and 6.2% in the previous month.
Promising Picks
Banking on its wide spectrum, the Retail/Wholesale sector remains a lucrative investment opportunity, and identifying its future winners would be a prudent idea before taking an investment decision. The data compiled by National Retail Federation hints at a sales increase of at least 3.9% in the second half of the year compared with 2.9% in the first half. Here we have highlighted three Retail/Wholesale stocks that could enrich your portfolio this holiday season.
We suggest investing in Citi Trends, Inc. ( CTRN ), the retailer of urban fashion apparel and accessories. The stock holds a Zacks Rank #1 (Strong Buy) and has amassed a year-to-date return of roughly 28.4%. Though the stock looks pricey with a forward P/E (price-to-earnings) multiple of 39.89x, it should not disappoint investors given the company's long-term expected earnings growth of 15.0%. This Savannah, GA-based company delivered an average positive earnings surprise of 18.6% over the trailing four quarters.
Hanesbrands Inc. ( HBI ), a designer and manufacturer of basic apparel in the United States, is another stock to bet on. This Zacks Rank #1 stock has amassed a year-to-date return of 55.8% and has a long-term earnings growth rate of 14.7%. Shares of this Winston-Salem, NC-based company trades at a forward P/E of 19.49x, a discount to the industry average and are also attractive from an earnings growth perspective. The company delivered an average positive earnings surprise of 15.5% over the trailing four quarters.
Another stock that investors may look forward to is Deckers Outdoor Corp. ( DECK ), the designer, marketer and distributor of footwear, apparel and accessories for outdoor activities and casual lifestyle. Also a Zacks Rank #1 stock, this trades at a forward P/E of 20.68x, a slight premium to the industry average, and has amassed a year-to-date return of 18.2%. This Goleta, CA-based company posted an average positive earnings surprise of 26.6% over the trailing four quarters, and has a long-term earnings growth rate of 14% that makes it look attractive.
We believe that the above stocks boast strong fundamentals and growth prospects that can quench investors' appetites for market winners.
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WAL-MART STORES (WMT): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
HANESBRANDS INC (HBI): Free Stock Analysis Report
CITI TRENDS INC (CTRN): 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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Another stock that investors may look forward to is Deckers Outdoor Corp. ( DECK ), the designer, marketer and distributor of footwear, apparel and accessories for outdoor activities and casual lifestyle. Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report To read this article on Zacks.com click here. The economy looks much more balanced now with no imminent hike in interest rates, consumer confidence moving north, job market conditions gradually improving and the bond-buying program nearing its end.
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Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report To read this article on Zacks.com click here. Another stock that investors may look forward to is Deckers Outdoor Corp. ( DECK ), the designer, marketer and distributor of footwear, apparel and accessories for outdoor activities and casual lifestyle. Betting on regained consumer confidence, retail bellwethers such as Target Corp. ( TGT ), Wal-Mart Stores Inc. ( WMT ) and Kohl's Corp. ( KSS ) have also announced their hiring plans for the upcoming holiday season in anticipation of heavy store traffic.
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Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report To read this article on Zacks.com click here. Another stock that investors may look forward to is Deckers Outdoor Corp. ( DECK ), the designer, marketer and distributor of footwear, apparel and accessories for outdoor activities and casual lifestyle. Betting on regained consumer confidence, retail bellwethers such as Target Corp. ( TGT ), Wal-Mart Stores Inc. ( WMT ) and Kohl's Corp. ( KSS ) have also announced their hiring plans for the upcoming holiday season in anticipation of heavy store traffic.
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Another stock that investors may look forward to is Deckers Outdoor Corp. ( DECK ), the designer, marketer and distributor of footwear, apparel and accessories for outdoor activities and casual lifestyle. Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report To read this article on Zacks.com click here. Retailers need to be prepared this holiday season to make the most of it.
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58def72b-5aaf-4652-9a8b-087953119e7a
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724650.0
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2014-09-19 00:00:00 UTC
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Bull of the Day: Deckers (DECK) - Bull of the Day
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DECK
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https://www.nasdaq.com/articles/bull-day-deckers-deck-bull-day-2014-09-19
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nan
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nan
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Deckers Outdoor Corporation ( DECK ) is bucking the negative retail trends as its strong brands powered it to record sales in the 2015 fiscal first quarter. This Zacks Rank #1 (Strong Buy) also raised guidance.
Deckers is a footwear, apparel and accessories company best known for its flagship brand UGG. But it also owns Teva, Sanuk, TSUBO, Ahnu, MOZO and HOKA ONE ONE. Its products are sold in more than 40 countries in department and specialty stores. It also operates 126 Company-owned retail stores and its own web sites.
Big Beat in the Fiscal First Quarter
On July 24, Deckers reported its fiscal first quarter 2015 results and blew by the Zacks Consensus by 18.3%. Earnings were a loss of $1.07 versus the Zacks Consensus of a loss of $1.31.
It saw double digit sales growth across its three largest brands as net sales rose 24.3% to a record $211.5 million.
UGG, its largest brand, saw sales jump 22.8% to $123.3 million due to gains across all channels, including wholesale and international distributor sales, new retail stores and E-Ccommerce. The only weakness was a decrease in same-store sales.
Teva saw sales jump 25.7% to $39.3 million and also saw gains across all channels, including global E-Commerce sales.
The story was much the same for Sanuk, which had a sales gain of 19.6% to $36 million on gains across all channels.
Direct-to-consumer had the strongest sales trends as E-Commerce sales rose 43.7% to $15.4 million from $10.7 million in the year ago quarter.
Raised Revenue Guidance for Q2
Deckers expects the momentum from the first fiscal quarter to continue into the second quarter and the full year. It raised fiscal 2015 revenue guidance to a gain of 14% from its prior guidance of 13%.
It also raised earnings per share for the year. It expects EPS to increase about 14.5% versus its previous guidance of a gain of 13.5%.
It also raised sales guidance on its three main brands: UGG, Teva and Sanuk.
Estimates Jumped Higher
Not surprisingly, given how bullish the first quarter was, the analysts all jumped on board.
9 estimates have been raised for fiscal 2015 in the last 60 days, pushing up the Zacks Consensus Estimate to $4.74 from $4.66. That is earnings growth of 13.5%.
They are also bullish about fiscal 2016. Analysts expect another year of double digit earnings growth, with earnings jumping another 18.2%.
Great Earnings Surprise History
Deckers has a great track record of beating the Zacks Consensus Estimate over the last 5 years. It has only missed on the estimate one time.
Shares have also rebounded dramatically from their previous sell off in 2011 and 2012 when there were concerns about rising inventories and slowing sales.
Deckers isn't cheap. It has a forward P/E of 20 but the brands have done a turnaround in the last two years and the growth is there.
For investors looking for a retail stock with a positive earnings outlook, Deckers is one to keep on your short list.
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Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Insider Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec .
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 (DECK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation ( DECK ) is bucking the negative retail trends as its strong brands powered it to record sales in the 2015 fiscal first quarter. Deckers is a footwear, apparel and accessories company best known for its flagship brand UGG. Big Beat in the Fiscal First Quarter On July 24, Deckers reported its fiscal first quarter 2015 results and blew by the Zacks Consensus by 18.3%.
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Great Earnings Surprise History Deckers has a great track record of beating the Zacks Consensus Estimate over the last 5 years. Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation ( DECK ) is bucking the negative retail trends as its strong brands powered it to record sales in the 2015 fiscal first quarter.
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Deckers Outdoor Corporation ( DECK ) is bucking the negative retail trends as its strong brands powered it to record sales in the 2015 fiscal first quarter. Big Beat in the Fiscal First Quarter On July 24, Deckers reported its fiscal first quarter 2015 results and blew by the Zacks Consensus by 18.3%. Deckers is a footwear, apparel and accessories company best known for its flagship brand UGG.
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Deckers Outdoor Corporation ( DECK ) is bucking the negative retail trends as its strong brands powered it to record sales in the 2015 fiscal first quarter. Deckers is a footwear, apparel and accessories company best known for its flagship brand UGG. Big Beat in the Fiscal First Quarter On July 24, Deckers reported its fiscal first quarter 2015 results and blew by the Zacks Consensus by 18.3%.
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9ed448ac-7d90-407e-b56b-a8f4b56cf331
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724651.0
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2014-09-17 00:00:00 UTC
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Ross Stores (ROST) to Issue Senior Notes Worth $250M - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/ross-stores-rost-to-issue-senior-notes-worth-%24250m-analyst-blog-2014-09-17
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nan
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nan
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Off-price retailer Ross Stores Inc. ( ROST ) recently declared the pricing of senior notes for a public offering, worth $250 million.
The issue price of these notes, due in 2024, will be 99.329% of the principal amount. Also, they will carry an interest rate of 3.375% per annum. The offering is scheduled to settle on Sep 18, 2014.
Ross Stores mainly intends to sponsor the purchase of its New York Buying Office building with the proceeds from this offering. The buyout of the office is anticipated to complete by September end. Apart from this, any remaining proceeds will be used for general corporate reasons, such as funding capital expenditures, share buybacks and fulfilling working capital needs.
The company's capital expenditures are primarily directed towards store expansions and remodeling. Ross Stores has been well on track with its store growth plans as during the first half of the current fiscal year, the company introduced 53 net new Ross outlets and 14 dd's DISCOUNTS. During fiscal 2014, the company plans to add 95 new stores including nearly 75 Ross and 20 dd's DISCOUNTS.
The company's store growth plan is a part of its ongoing expansion strategy that focuses on increasing its presence in existing markets while penetrating deeper into the newer Midwest region. Also, we remain confident of the company's growth potential and believe that it can successfully attain its target of expanding store base to 2,500 over the longer term.
Coming to share buybacks, Ross Stores repurchased 2.1 million shares worth $139 million during the second quarter, bringing its share repurchases as of the end of the quarter to 4.1 million for an aggregate price of $277 million. Going forward, the company intends to repurchase shares worth $550 million in fiscal 2014. This will close the $1.1 billion program authorized by the company in Jan 2013.
Further, as of Aug 2, 2014, Ross had cash and cash equivalents of $549.8 million, long-term debt of $150 million and total shareholders' equity of $2,149.3 million, boasting a healthy financial status.
Borrowing costs are still considerably low in the U.S., enabling companies to obtain easy financing. Corporate bonds and borrowings from banks are in high demand as the U.S. treasuries are yielding low rates. We believe that this strategic move by the company will provide it the financial flexibility to drive long-term growth.
Also, with its strategy of providing customers with attractive bargain offers and off-price business model, Ross is confident about utilizing opportunities amid all climates and driving top- and bottom-line growth.
Ross Stores currently carries a Zacks Rank #3 (Hold). Other better ranked retail stocks include Burlington Stores, Inc. ( BURL ), Citi Trends, Inc. ( CTRN ) and Deckers Outdoor Corp. ( DECK ), each carrying a Zacks Rank #1 (Strong Buy).
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
ROSS STORES (ROST): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
CITI TRENDS INC (CTRN): Free Stock Analysis Report
BURLINGTON STRS (BURL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 better ranked retail stocks include Burlington Stores, Inc. ( BURL ), Citi Trends, Inc. ( CTRN ) and Deckers Outdoor Corp. ( DECK ), each carrying a Zacks Rank #1 (Strong Buy). Click to get this free report ROSS STORES (ROST): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report BURLINGTON STRS (BURL): Free Stock Analysis Report To read this article on Zacks.com click here. Off-price retailer Ross Stores Inc. ( ROST ) recently declared the pricing of senior notes for a public offering, worth $250 million.
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Other better ranked retail stocks include Burlington Stores, Inc. ( BURL ), Citi Trends, Inc. ( CTRN ) and Deckers Outdoor Corp. ( DECK ), each carrying a Zacks Rank #1 (Strong Buy). Click to get this free report ROSS STORES (ROST): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report BURLINGTON STRS (BURL): Free Stock Analysis Report To read this article on Zacks.com click here. Coming to share buybacks, Ross Stores repurchased 2.1 million shares worth $139 million during the second quarter, bringing its share repurchases as of the end of the quarter to 4.1 million for an aggregate price of $277 million.
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Click to get this free report ROSS STORES (ROST): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report BURLINGTON STRS (BURL): Free Stock Analysis Report To read this article on Zacks.com click here. Other better ranked retail stocks include Burlington Stores, Inc. ( BURL ), Citi Trends, Inc. ( CTRN ) and Deckers Outdoor Corp. ( DECK ), each carrying a Zacks Rank #1 (Strong Buy). Ross Stores has been well on track with its store growth plans as during the first half of the current fiscal year, the company introduced 53 net new Ross outlets and 14 dd's DISCOUNTS.
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Other better ranked retail stocks include Burlington Stores, Inc. ( BURL ), Citi Trends, Inc. ( CTRN ) and Deckers Outdoor Corp. ( DECK ), each carrying a Zacks Rank #1 (Strong Buy). Click to get this free report ROSS STORES (ROST): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report BURLINGTON STRS (BURL): Free Stock Analysis Report To read this article on Zacks.com click here. Off-price retailer Ross Stores Inc. ( ROST ) recently declared the pricing of senior notes for a public offering, worth $250 million.
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36344861-7460-4671-b0f9-d3eb4873afb1
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724652.0
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2014-09-17 00:00:00 UTC
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Deckers Upbeat on Fiscal 2015: Is DECK in Your Portfolio? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-upbeat-on-fiscal-2015%3A-is-deck-in-your-portfolio-analyst-blog-2014-09-17
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nan
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nan
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Is Deckers Outdoor Corporation ( DECK ) part of your portfolio? If not, then this is the right time to build positions in the stock as it is looks promising and has underlying factors capable of carrying momentum further.
The stock attained a Zacks Rank #1 (Strong Buy) yesterday and has surged roughly 16% year to date, demonstrating its inherent strength and long-term earnings growth projection of 14%. We see it as a solid bet for investors.
Deckers' primary strength is its earnings surprise history. The company outperformed the Zacks Consensus Estimate in 9 consecutive quarters, with an average beat of 32.5%. In the last concluded quarter, this designer and producer of footwear and accessories outdid the Zacks Consensus Estimate by 18.3%. The company's better-than-expected first-quarter fiscal 2015 results provided much impetus to the stock that has surged 14% since the announcement on Jul 24.
The company incurred a loss of $1.07 per share that was narrower than the Zacks Consensus Estimate of a loss of $1.31. Moreover, net sales surged 24.3% year over year to $211.5 million and came ahead of the Zacks Consensus Estimate of $191 million.
Top-line growth was fueled by robust demand for its brands, stellar e-Commerce growth and the company's omni-channel capability. Going forward, Deckers plans to open smaller concept omni-channel outlets and expand a new tool "Retail Inventory Online" to help customers locate products before they visit outlets.
Following the impressive quarter, management raised its sales and earnings guidance for the year. Deckers now projects total revenue growth of 14% for fiscal 2015, up from 13% forecast earlier. Also, management now envisions a 14.5% rise in earnings per share for the fiscal year up from the 13.5% jump expected earlier.
The company is also optimistic about its future performance, given its continuous investments in brand development, its omni-channel capacities and consistent strength in its UGG brand. Apart from this, the company has been undertaking initiatives to improve the supply chain in order to curtail costs and enhance efficiency.
Estimates for Deckers have been portraying an uptrend since first quarter results. It seems that analysts have become constructive on the stock's future performance. This is evident from the movement witnessed in the Zacks Consensus Estimate that increased 1.7% to $4.74 for fiscal 2015 and 4.9% to $5.61 for fiscal 2016 in the past 60 days.
Other Favorably Ranked Stocks
Other stocks worth considering in the retail sector include Carter's, Inc. ( CRI ) and Skechers USA Inc. ( SKX ) both sporting a Zacks Rank #1, as well as Brown Shoe Co. Inc. ( BWS ) carrying a Zacks Rank #2 (Buy).
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
BROWN SHOE CO (BWS): Free Stock Analysis Report
CARTERS INC (CRI): 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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Is Deckers Outdoor Corporation ( DECK ) part of your portfolio? Deckers' primary strength is its earnings surprise history. Going forward, Deckers plans to open smaller concept omni-channel outlets and expand a new tool "Retail Inventory Online" to help customers locate products before they visit outlets.
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Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report To read this article on Zacks.com click here. Is Deckers Outdoor Corporation ( DECK ) part of your portfolio? Deckers' primary strength is its earnings surprise history.
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Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report To read this article on Zacks.com click here. Is Deckers Outdoor Corporation ( DECK ) part of your portfolio? Deckers' primary strength is its earnings surprise history.
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Is Deckers Outdoor Corporation ( DECK ) part of your portfolio? Deckers' primary strength is its earnings surprise history. Going forward, Deckers plans to open smaller concept omni-channel outlets and expand a new tool "Retail Inventory Online" to help customers locate products before they visit outlets.
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7288d661-fd4c-4632-be1a-496bb8581211
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724653.0
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2014-09-12 00:00:00 UTC
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Brown Shoe Company, Inc. (BWS) Ex-Dividend Date Scheduled for September 15, 2014
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DECK
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https://www.nasdaq.com/articles/brown-shoe-company-inc-bws-ex-dividend-date-scheduled-september-15-2014-2014-09-12
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nan
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nan
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Brown Shoe Company, Inc. ( BWS ) will begin trading ex-dividend on September 15, 2014. A cash dividend payment of $0.07 per share is scheduled to be paid on October 01, 2014. Shareholders who purchased BWS stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 30th quarter that BWS has paid the same dividend. At the current stock price of $29.39, the dividend yield is .95%.
The previous trading day's last sale of BWS was $29.39, representing a -9.04% decrease from the 52 week high of $32.31 and a 36.95% increase over the 52 week low of $21.46.
BWS is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). BWS's current earnings per share, an indicator of a company's profitability, is $1.54. Zacks Investment Research reports BWS's forecasted earnings growth in 2015 as 12.41%, compared to an industry average of 4.4%.
For more information on the declaration, record and payment dates, visit the BWS Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to BWS through an Exchange Traded Fund [ETF]?
The following ETF(s) have BWS as a top-10 holding:
PowerShares FTSE RAFI US 1500 Small-Mid Portfolio ( PRFZ ).
The top-performing ETF of this group is PRFZ with an increase of 2.24% over the last 100 days. It also has the highest percent weighting of BWS at 0.17%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BWS is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased BWS stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports BWS's forecasted earnings growth in 2015 as 12.41%, compared to an industry average of 4.4%.
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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. BWS is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). BWS's current earnings per share, an indicator of a company's profitability, is $1.54.
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BWS is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased BWS stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of BWS was $29.39, representing a -9.04% decrease from the 52 week high of $32.31 and a 36.95% increase over the 52 week low of $21.46.
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BWS is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). A cash dividend payment of $0.07 per share is scheduled to be paid on October 01, 2014. Shareholders who purchased BWS stock prior to the ex-dividend date are eligible for the cash dividend payment.
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dceabff6-7ab8-455b-a184-1210d1eee5a4
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724654.0
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2014-09-09 00:00:00 UTC
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Deckers Hits 52-Week High on Impressive Growth Initiatives - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-hits-52-week-high-on-impressive-growth-initiatives-analyst-blog-2014-09-09
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nan
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nan
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Shares of Deckers Outdoor Corp. ( DECK ) achieved a 52-week high of $96.67 yesterday before eventually closing at $96.42 and amassing a year-to-date return of 14.9%.
This Zacks Rank #2 (Buy) stock has been gaining momentum ever since it posted better-than-expected first quarter fiscal 2015 results on Jul 24, 2014. Following the results, its stock price has surged 11% to date, reflecting investors' confidence in the stock.
The company incurred a loss of $1.07 per share that was narrower than the Zacks Consensus Estimate of a loss of $1.31. Moreover, net sales surged 24.3% year over year to $211.5 million and came ahead of the Zacks Consensus Estimate of $191 million.
Top-line growth was fueled by robust demand for its brands, stellar e-Commerce growth and the company's omni-channel capability. Going forward, the company plans to open smaller concept omni-channel outlets and expand a new tool "Retail Inventory Online" to help customers locate products before they visit the company's outlets.
Following the impressive quarter, management raised its sale and earnings guidance for the year. Deckers, which competes with Iconix Brand Group, Inc. ( ICON ), now projects total revenue growth of 14% for fiscal 2015, up from 13% forecasted earlier. Also, management now envisions a 14.5% rise in earnings per share for the fiscal year - up from the 13.5% jump envisioned earlier.
The company is also optimistic about its future performance, given its continuous investments in brand development, its omni-channel capacities, persistent strong performance of its UGG brand and its strong fall collection. Apart from this, the company has been undertaking initiatives to improve the supply chain in order to curtail costs and enhance efficiency.
Further, analysts believe that the company is poised well for future growth, given its robust e-commerce operations, direct-to-consumer business and the pace at which all its product categories are gaining traction.
All the aforementioned factors highlight the company's strong fundamentals and hint at a promising future for Deckers, instilling confidence among investors.
Also, the company's estimated long-term EPS growth rate is an impressive 14%. Deckers' last traded price is also 5.8% below the Zacks Consensus average analyst price target of $102.36, indicating an upside potential for the stock.
Apart from Deckers, Skechers USA Inc. ( SKX ) and Under Armour, Inc. ( UA ) also hit 52-week highs of $63.06 and $73.42, respectively, on Sep 8, 2014.
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 (DECK): Free Stock Analysis Report
UNDER ARMOUR-A (UA): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
ICONIX BRAND GP (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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Deckers, which competes with Iconix Brand Group, Inc. ( ICON ), now projects total revenue growth of 14% for fiscal 2015, up from 13% forecasted earlier. All the aforementioned factors highlight the company's strong fundamentals and hint at a promising future for Deckers, instilling confidence among investors. Shares of Deckers Outdoor Corp. ( DECK ) achieved a 52-week high of $96.67 yesterday before eventually closing at $96.42 and amassing a year-to-date return of 14.9%.
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Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor Corp. ( DECK ) achieved a 52-week high of $96.67 yesterday before eventually closing at $96.42 and amassing a year-to-date return of 14.9%. Deckers, which competes with Iconix Brand Group, Inc. ( ICON ), now projects total revenue growth of 14% for fiscal 2015, up from 13% forecasted earlier.
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Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor Corp. ( DECK ) achieved a 52-week high of $96.67 yesterday before eventually closing at $96.42 and amassing a year-to-date return of 14.9%. Deckers, which competes with Iconix Brand Group, Inc. ( ICON ), now projects total revenue growth of 14% for fiscal 2015, up from 13% forecasted earlier.
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Shares of Deckers Outdoor Corp. ( DECK ) achieved a 52-week high of $96.67 yesterday before eventually closing at $96.42 and amassing a year-to-date return of 14.9%. Deckers, which competes with Iconix Brand Group, Inc. ( ICON ), now projects total revenue growth of 14% for fiscal 2015, up from 13% forecasted earlier. All the aforementioned factors highlight the company's strong fundamentals and hint at a promising future for Deckers, instilling confidence among investors.
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1ee8173a-3848-482b-ae4a-3f90153d7aa9
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724655.0
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2014-09-09 00:00:00 UTC
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Deckers Outdoor Larger Than S&P 500 Component Graham Holdings
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-larger-sp-500-component-graham-holdings-2014-09-09
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nan
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nan
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Deckers Outdoor Corp. (Symbol: DECK) was identified as having a larger market cap than the smaller end of the S&P 500, for example Graham Holdings Co. (Symbol: GHC), according to The Online Investor .
Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much - that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true "apples-to-apples" comparison of the value of two stocks. In the case of Deckers Outdoor Corp. (Symbol: DECK), the market cap is now $3.28B, versus Graham Holdings Co. (Symbol: GHC) at $3.26B.
Below is a three month price history chart comparing the stock performance of DECK vs. GHC (Note that we have found 2 splits in the DECK split history ):
Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). This can have a direct impact on which indices will include the stock, and which mutual funds and ETFs are willing to own the stock. For instance, a mutual fund that is focused solely on Large Cap stocks may for example only be interested in those companies sized $10 billion or larger. Another illustrative example is the S&P MidCap index which essentially takes the S&P 500 index and "tosses out" the biggest 100 companies so as to focus solely on the 400 smaller "up-and-comers" (which in the right environment can outperform their larger rivals). And ETFs that directly follow an index like the S&P 500 will only own the underlying component of that index, selling companies that lose their status as an S&P 500 company, and buying companies when they are added to the index. So a company's market cap, especially in relation to other companies, carries great importance, and for this reason we at TheOnlineInvestor.com find value to putting together these looks at comparative market capitalization daily.
According to the ETF Finder at ETF Channel, DECK and GHC collectively make up 1.78% of the First Trust Consumer Discretionary AlphaDEX Fund ETF ( FXD ) which is lower by about 0.7% on the day Tuesday.
At the closing bell, DECK is down about 1.8%, while GHC is trading flat on the day Tuesday.
The 20 Largest U.S. Companies By Market Capitalization »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a three month price history chart comparing the stock performance of DECK vs. GHC (Note that we have found 2 splits in the DECK split history ): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Deckers Outdoor Corp. (Symbol: DECK) was identified as having a larger market cap than the smaller end of the S&P 500, for example Graham Holdings Co. (Symbol: GHC), according to The Online Investor . In the case of Deckers Outdoor Corp. (Symbol: DECK), the market cap is now $3.28B, versus Graham Holdings Co. (Symbol: GHC) at $3.26B.
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Deckers Outdoor Corp. (Symbol: DECK) was identified as having a larger market cap than the smaller end of the S&P 500, for example Graham Holdings Co. (Symbol: GHC), according to The Online Investor . In the case of Deckers Outdoor Corp. (Symbol: DECK), the market cap is now $3.28B, versus Graham Holdings Co. (Symbol: GHC) at $3.26B. Below is a three month price history chart comparing the stock performance of DECK vs. GHC (Note that we have found 2 splits in the DECK split history ): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's).
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Deckers Outdoor Corp. (Symbol: DECK) was identified as having a larger market cap than the smaller end of the S&P 500, for example Graham Holdings Co. (Symbol: GHC), according to The Online Investor . Below is a three month price history chart comparing the stock performance of DECK vs. GHC (Note that we have found 2 splits in the DECK split history ): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the case of Deckers Outdoor Corp. (Symbol: DECK), the market cap is now $3.28B, versus Graham Holdings Co. (Symbol: GHC) at $3.26B.
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Deckers Outdoor Corp. (Symbol: DECK) was identified as having a larger market cap than the smaller end of the S&P 500, for example Graham Holdings Co. (Symbol: GHC), according to The Online Investor . In the case of Deckers Outdoor Corp. (Symbol: DECK), the market cap is now $3.28B, versus Graham Holdings Co. (Symbol: GHC) at $3.26B. Below is a three month price history chart comparing the stock performance of DECK vs. GHC (Note that we have found 2 splits in the DECK split history ): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's).
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7c79a174-89e9-4414-a71c-cd7ae549ef03
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724656.0
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2014-09-08 00:00:00 UTC
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3 Men's Footwear Stock Picks: Skechers, Foot Locker, Deckers - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/3-mens-footwear-stock-picks-skechers-foot-locker-deckers-analyst-blog-2014-09-08
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nan
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nan
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Even as men continue to show high degrees of brand loyalty when it comes to footwear purchases, their attitude toward casual footwear is changing. A new study by NPD Group shows that this attitude continues to evolve as male preference for novelty and new trends in fashion is reflected in their choice of footwear.
Footwear Trends
When it comes to shoes, a majority of men shop only when they need a replacement. They also continue to show strong brand loyalty and are ready to pay a higher price for well-known brands. NPD's Men's Footwear Brand Focus Study 2014 clearly reflects this trend. Nike, Inc. ( NKE ), Adidas, Reebok continue to feature among the top five brands ranked on the basis of awareness and ownership.
The dominance of athletic shoes as a category is also borne out by sales figures. According to NPD Group, U.S. retail sales of shoes, excluding athletic shoes amounted to $41.5 billion in 2013. Data from Statista.com shows that athletic shoes sales contributed an additional $20 billion in sales during last year.
Fashion Trends Push Sales
Additionally, according to data from NPD, the footwear market for men increased by 8% over the last two years. This is twice as much as the rate of growth of women's footwear over the same period. The desire to wear better looking shoes is contributing much of the growth in the sector.
This is why when it comes to casual footwear, choices for men become more fragmented. As men make additions to their wardrobes, the need for shoes in different colors, materials and styles increase in keeping with growth in the apparel and accessories market for men. Despite such a trend, Nike and Skechers USA Inc. ( SKX ) are leaders in rankings of athletic as well casual or dress footwear.
The overall picture that emerges is that men retain brand loyalty when it comes to footwear purchases. However, when it comes to casual footwear, they are willing to try out new brands. Two definite trends emerge. Firstly, men will try new styles from their existing brand choices. Secondly, they will also purchase shoes from new brands.
Our Choices
Below we present three stocks which will gain from these trends, each of which also has a good Zacks rank.
Skechers USA Inc. designs, develops, markets, and distributes footwear for men, women, and children in the United States and overseas under the SKECHERS and other branded names. Skechers products are available in more than 100 countries and territories. The company targets the style-conscious 12 to 24 year-old men and women attracting them with its youthful brand image and fashion forward designs.
Skechers holds a Zacks Rank #1 (Strong Buy) and has expected earnings growth of 140.7%. The forward price-to-earnings ratio (P/E) for the current financial year (F1) is 23.94.
Foot Locker, Inc. ( FL ) is a worldwide retailer of shoes and apparel. The company operates more than 3,400 primarily mall-based stores in the U.S., Canada, Europe, Australia and New Zealand. The company operates in two business segments, Athletic Stores and Direct-to-Customers.
The company currently holds a Zacks Rank #2 (Buy) and has expected earnings growth of 19.6%. It has a P/E (F1) of 16.66.
Deckers Outdoor Corp. ( DECK ) is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. These includes casual open and closed-toe outdoor footwear, as well as outdoor performance footwear, including multi-sport shoes, light hiking shoes, amphibious footwear, and rugged outdoor travel shoes; and sheepskin footwear, and sandals under various styles.
Apart from a Zacks Rank #2 (Buy), Deckers has expected earnings growth of 13.5%. It has a P/E (F1) of 20.07.
The expansion and steady growth of male footwear bodes well for the industry as a whole. The fact that this is being powered by interest in casual styles is also a promising sign. In such a business environment, these stocks would make good additions to your portfolio.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NIKE INC-B (NKE): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. ( DECK ) is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Apart from a Zacks Rank #2 (Buy), Deckers has expected earnings growth of 13.5%. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ) is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Apart from a Zacks Rank #2 (Buy), Deckers has expected earnings growth of 13.5%.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ) is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Apart from a Zacks Rank #2 (Buy), Deckers has expected earnings growth of 13.5%.
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Deckers Outdoor Corp. ( DECK ) is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Apart from a Zacks Rank #2 (Buy), Deckers has expected earnings growth of 13.5%. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here.
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724657.0
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2014-08-27 00:00:00 UTC
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Nike, Inc. (NKE) Ex-Dividend Date Scheduled for August 28, 2014
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DECK
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https://www.nasdaq.com/articles/nike-inc-nke-ex-dividend-date-scheduled-august-28-2014-2014-08-27
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nan
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nan
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Nike, Inc. ( NKE ) will begin trading ex-dividend on August 28, 2014. A cash dividend payment of $0.24 per share is scheduled to be paid on October 06, 2014. Shareholders who purchased NKE stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that NKE has paid the same dividend. At the current stock price of $79.48, the dividend yield is 1.21%.
The previous trading day's last sale of NKE was $79.48, representing a -1.02% decrease from the 52 week high of $80.30 and a 26.96% increase over the 52 week low of $62.60.
NKE is a part of the Consumer Non-Durables sector, which includes companies such as Deckers Outdoor Corporation ( DECK ) and Skechers U.S.A., Inc. ( SKX ). NKE's current earnings per share, an indicator of a company's profitability, is $2.99. Zacks Investment Research reports NKE's forecasted earnings growth in 2015 as 14.4%, compared to an industry average of 5.6%.
For more information on the declaration, record and payment dates, visit the NKE Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to NKE through an Exchange Traded Fund [ETF]?
The following ETF(s) have NKE as a top-10 holding:
PowerShares Dynamic LargeCap Growth ( PWB )
iShares Dow Jones U.S. Consumer Goods Index Fund ( IYK )
Vanguard Consumer Discretionary ETF ( VCR )
PowerShares S&P 500 High Quality Portfolio ( SPHQ )
PowerShares DWA Momentum Portfolio ( PDP ).
The top-performing ETF of this group is PDP with an increase of 6.47% over the last 100 days. PWB has the highest percent weighting of NKE at 3.23%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NKE is a part of the Consumer Non-Durables sector, which includes companies such as Deckers Outdoor Corporation ( DECK ) and Skechers U.S.A., Inc. ( SKX ). Shareholders who purchased NKE stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports NKE's forecasted earnings growth in 2015 as 14.4%, compared to an industry average of 5.6%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. NKE is a part of the Consumer Non-Durables sector, which includes companies such as Deckers Outdoor Corporation ( DECK ) and Skechers U.S.A., Inc. ( SKX ). The following ETF(s) have NKE as a top-10 holding: PowerShares Dynamic LargeCap Growth ( PWB ) iShares Dow Jones U.S. Consumer Goods Index Fund ( IYK ) Vanguard Consumer Discretionary ETF ( VCR ) PowerShares S&P 500 High Quality Portfolio ( SPHQ ) PowerShares DWA Momentum Portfolio ( PDP ).
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NKE is a part of the Consumer Non-Durables sector, which includes companies such as Deckers Outdoor Corporation ( DECK ) and Skechers U.S.A., Inc. ( SKX ). Shareholders who purchased NKE stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the NKE Dividend History page.
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NKE is a part of the Consumer Non-Durables sector, which includes companies such as Deckers Outdoor Corporation ( DECK ) and Skechers U.S.A., Inc. ( SKX ). A cash dividend payment of $0.24 per share is scheduled to be paid on October 06, 2014. Shareholders who purchased NKE stock prior to the ex-dividend date are eligible for the cash dividend payment.
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0c470f8b-f6a5-4fe0-a7ee-16f70320fd25
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724658.0
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2014-08-22 00:00:00 UTC
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Rocky Brands, Inc. (RCKY) Ex-Dividend Date Scheduled for August 25, 2014
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DECK
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https://www.nasdaq.com/articles/rocky-brands-inc-rcky-ex-dividend-date-scheduled-august-25-2014-2014-08-22
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nan
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nan
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Rocky Brands, Inc. ( RCKY ) will begin trading ex-dividend on August 25, 2014. A cash dividend payment of $0.1 per share is scheduled to be paid on September 10, 2014. Shareholders who purchased RCKY stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 6th quarter that RCKY has paid the same dividend. At the current stock price of $14.9, the dividend yield is 2.69%.
The previous trading day's last sale of RCKY was $14.9, representing a -25.41% decrease from the 52 week high of $19.97 and a 11.82% increase over the 52 week low of $13.32.
RCKY is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). RCKY's current earnings per share, an indicator of a company's profitability, is $.93. Zacks Investment Research reports RCKY's forecasted earnings growth in 2014 as 17.31%, compared to an industry average of 5.6%.
For more information on the declaration, record and payment dates, visit the RCKY Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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RCKY is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased RCKY stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports RCKY's forecasted earnings growth in 2014 as 17.31%, compared to an industry average of 5.6%.
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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. RCKY is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). RCKY's current earnings per share, an indicator of a company's profitability, is $.93.
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RCKY is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased RCKY stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 6th quarter that RCKY has paid the same dividend.
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RCKY is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). A cash dividend payment of $0.1 per share is scheduled to be paid on September 10, 2014. Shareholders who purchased RCKY stock prior to the ex-dividend date are eligible for the cash dividend payment.
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5b767f92-5f41-4fc1-869b-451f601a2f9f
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724659.0
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2014-08-20 00:00:00 UTC
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Lowe's Q2 Earnings Surge as Home Improvement Spending Rise - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/lowes-q2-earnings-surge-as-home-improvement-spending-rise-analyst-blog-2014-08-20
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nan
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nan
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Driven by rise in home improvement spending owing to the strengthening job and income scenario, Lowe's Companies Inc . ( LOW ) posted strong results for the second quarter of fiscal 2014 wherein it's top and bottom line both surpassed the Zacks Consensus Estimate.
The company's earnings of $1.04 per share in the quarter were approximately 18.2% higher than the year-ago comparable quarter adjusted earnings figure of 88 cents. Moreover, the company's earnings for the reported quarter were a couple of cents ahead of the Zacks Consensus Estimate.
The stock witnessed a 5.7% rise in total revenue to $16,599 million due to strong performance during the peak selling season. Moreover, total revenue came ahead of the Zacks Consensus Estimate of $16,529 million. Additionally, comparable-store sales increased 4.4% on a consolidated basis in the quarter.
In dollar terms, gross profit rose 6.3% year over year to $5,735 million. Moreover, gross profit margin improved 20 basis points to 34.55% mainly due to lower cost of sales as a percentage of net sales.
Other Financial Aspects
Lowe's ended the quarter with cash and cash equivalents of $1,039 million, long-term debt (excluding current maturities) of $10,063 million and shareholders' equity of $11,240 million, reflecting a debt-to-capitalization ratio of approximately 47.2%.
During the quarter, the company repurchased $1.1 billion worth of its common stock and distributed $183 million as dividends, while in the first half of fiscal 2014, it repurchased $2 billion worth of its common stock and distributed $369 million as dividends.
Update on Fiscal 2014 Outlook
Despite reporting strong quarterly results, Lowe's lowered its fiscal 2014 sales outlook while reaffirming its earnings guidance. The company now expects its sales and comparable-store sales to register year-over-year growth of approximately 4.5% and 3.5%, respectively. Earlier, the company has projected growth of 5% and 4% in sales and comparable-store sales, respectively.
Operating margin is still expected to improve by nearly 65 basis points while effective tax rate is projected to be almost 37.2%
Further, Lowe's continues to anticipate earnings for fiscal 2014 to be approximately $2.63 per share. Currently, the Zacks Consensus Estimate for the fiscal stands at $2.60 per share.
Moreover, the company still intends to open 10 home improvement stores and 5 hardware stores in the fiscal. As of Aug 1, 2014, the company operated 1,837 stores in the United States, Canada and Mexico.
Other Stocks to Consider
Currently, Lowe's carries a Zacks Rank #4 (Sell). However, some better-performing stocks in the retail industry space include Skechers USA Inc. ( SKX ), Deckers Outdoor Corp. ( DECK ) and Iconix Brand Group, Inc. ( ICON ). While Skechers sports a Zacks Rank #1 (Strong Buy), Deckers and Iconix Brand hold a Zacks Rank #2 (Buy).
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
LOWES COS (LOW): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (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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However, some better-performing stocks in the retail industry space include Skechers USA Inc. ( SKX ), Deckers Outdoor Corp. ( DECK ) and Iconix Brand Group, Inc. ( ICON ). While Skechers sports a Zacks Rank #1 (Strong Buy), Deckers and Iconix Brand hold a Zacks Rank #2 (Buy). Click to get this free report LOWES COS (LOW): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here.
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While Skechers sports a Zacks Rank #1 (Strong Buy), Deckers and Iconix Brand hold a Zacks Rank #2 (Buy). Click to get this free report LOWES COS (LOW): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. However, some better-performing stocks in the retail industry space include Skechers USA Inc. ( SKX ), Deckers Outdoor Corp. ( DECK ) and Iconix Brand Group, Inc. ( ICON ).
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Click to get this free report LOWES COS (LOW): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. However, some better-performing stocks in the retail industry space include Skechers USA Inc. ( SKX ), Deckers Outdoor Corp. ( DECK ) and Iconix Brand Group, Inc. ( ICON ). While Skechers sports a Zacks Rank #1 (Strong Buy), Deckers and Iconix Brand hold a Zacks Rank #2 (Buy).
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However, some better-performing stocks in the retail industry space include Skechers USA Inc. ( SKX ), Deckers Outdoor Corp. ( DECK ) and Iconix Brand Group, Inc. ( ICON ). While Skechers sports a Zacks Rank #1 (Strong Buy), Deckers and Iconix Brand hold a Zacks Rank #2 (Buy). Click to get this free report LOWES COS (LOW): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here.
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0c4828f0-1331-4b53-a81f-1f8650980f36
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724660.0
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2014-08-18 00:00:00 UTC
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Why Deckers Outdoor (DECK) is Poised to Beat Earnings Estimates (Again) - Tale of the Tape
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DECK
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https://www.nasdaq.com/articles/why-deckers-outdoor-deck-is-poised-to-beat-earnings-estimates-again-tale-of-the-tape-2014
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nan
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nan
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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Deckers Outdoor Corp. ( DECK ), a firm in the Shoes & Retail Apparel industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, DECK has beaten estimates by at least 15% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, DECK expected to earn a loss of 16 cents per share, while it actually produced earnings of a loss of 8 cents per share, a beat of 50%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of a loss of $1.31 per share, when it actually saw earnings of a loss of $1.07 per share instead, representing an 18.3% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Deckers Outdoor. In fact, the Earnings ESP for DECK is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company's earnings prospects. This is the case for DECK, as the firm currently has a Zacks Earnings ESP of 0.99%, so another beat could be around the corner.
This is particularly true when you consider that DECK has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that DECK could see another beat at its next report, especially if recent trends are any guide.
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 >>
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 (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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Consider Deckers Outdoor Corp. ( DECK ), a firm in the Shoes & Retail Apparel industry, which could be a great candidate for another beat. In fact, in these reports, DECK has beaten estimates by at least 15% in both cases, suggesting it has a nice short-term history of crushing expectations. This is particularly true when you consider that DECK has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile.
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And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that DECK could see another beat at its next report, especially if recent trends are any guide. Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Consider Deckers Outdoor Corp. ( DECK ), a firm in the Shoes & Retail Apparel industry, which could be a great candidate for another beat.
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Earnings in Focus Two quarters ago, DECK expected to earn a loss of 16 cents per share, while it actually produced earnings of a loss of 8 cents per share, a beat of 50%. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that DECK could see another beat at its next report, especially if recent trends are any guide. Consider Deckers Outdoor Corp. ( DECK ), a firm in the Shoes & Retail Apparel industry, which could be a great candidate for another beat.
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In fact, the Earnings ESP for DECK is positive, which is a great sign of a coming beat. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that DECK could see another beat at its next report, especially if recent trends are any guide. Consider Deckers Outdoor Corp. ( DECK ), a firm in the Shoes & Retail Apparel industry, which could be a great candidate for another beat.
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dcaf6d26-4fe0-4ab1-9deb-49a3b1bd2ecb
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724661.0
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2014-08-04 00:00:00 UTC
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Skechers Unveils Bullish Picture on Solid Earnings Backdrop - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-unveils-bullish-picture-on-solid-earnings-backdrop-analyst-blog-2014-08-04
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nan
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nan
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On Jul 26, 2014, Zacks Investment Research upgraded Skechers U.S.A., Inc. ( SKX ) to a Zacks Rank #1 (Strong Buy) on solid earnings backdrop. Shares of this designer, developer, marketer and distributor of footwear, jumped 8% since second-quarter 2014 earnings announcement on Jul 23.
Why the Upgrade?
For Skechers, 2014 is turning out to be an exceptional year. After a robust first quarter performance, the company yet again came up with stellar second quarter results, and since then has been witnessing rising earnings estimates. The quarterly earnings came in at 68 cents a share that fared significantly better than the Zacks Consensus Estimate of 41 cents and the prior-year quarter earnings of 14 cents on the back of strong top-line growth and effective cost management.
Increased demand for products and their innovation across multiple categories as well as a healthy performance across all revenue channels led to a 37.1% rise in net sales to $587.1 million in the quarter, which handily surpassed the Zacks Consensus Estimate of $505 million.
Skechers is now showing signs of stability, having delivered positive earnings surprise in the three successive quarters - 65.9% in the second quarter of 2014, 84.9% in the first quarter and 64.7% in the fourth quarter of 2013.
With more emphasis on a new line of products, increased backlog, cost containment efforts, inventory management and margin improvement, the company anticipates sustained growth momentum in 2014. We believe Skechers, through its distribution networks, subsidiaries and joint ventures is poised to enhance its global reach in the footwear market.
Following the sturdy results, the Zacks Consensus Estimate for 2014 and 2015 increased by 17% and 11.2% to $2.41 and $2.99, respectively, in the last 30 days.
Other Stocks to Consider
Other stocks worth considering in the retail sector include Citi Trends, Inc. ( CTRN ) and The Men's Wearhouse, Inc. ( MW ) both carrying a Zacks Rank #1 (Strong Buy), and Deckers Outdoor Corp. ( DECK ) holding a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
CITI TRENDS INC (CTRN): Free Stock Analysis Report
MENS WEARHOUSE (MW): 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 to Consider Other stocks worth considering in the retail sector include Citi Trends, Inc. ( CTRN ) and The Men's Wearhouse, Inc. ( MW ) both carrying a Zacks Rank #1 (Strong Buy), and Deckers Outdoor Corp. ( DECK ) holding a Zacks Rank #2 (Buy). Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of this designer, developer, marketer and distributor of footwear, jumped 8% since second-quarter 2014 earnings announcement on Jul 23.
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Other Stocks to Consider Other stocks worth considering in the retail sector include Citi Trends, Inc. ( CTRN ) and The Men's Wearhouse, Inc. ( MW ) both carrying a Zacks Rank #1 (Strong Buy), and Deckers Outdoor Corp. ( DECK ) holding a Zacks Rank #2 (Buy). Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report To read this article on Zacks.com click here. On Jul 26, 2014, Zacks Investment Research upgraded Skechers U.S.A., Inc. ( SKX ) to a Zacks Rank #1 (Strong Buy) on solid earnings backdrop.
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Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks worth considering in the retail sector include Citi Trends, Inc. ( CTRN ) and The Men's Wearhouse, Inc. ( MW ) both carrying a Zacks Rank #1 (Strong Buy), and Deckers Outdoor Corp. ( DECK ) holding a Zacks Rank #2 (Buy). On Jul 26, 2014, Zacks Investment Research upgraded Skechers U.S.A., Inc. ( SKX ) to a Zacks Rank #1 (Strong Buy) on solid earnings backdrop.
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Other Stocks to Consider Other stocks worth considering in the retail sector include Citi Trends, Inc. ( CTRN ) and The Men's Wearhouse, Inc. ( MW ) both carrying a Zacks Rank #1 (Strong Buy), and Deckers Outdoor Corp. ( DECK ) holding a Zacks Rank #2 (Buy). Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report To read this article on Zacks.com click here. On Jul 26, 2014, Zacks Investment Research upgraded Skechers U.S.A., Inc. ( SKX ) to a Zacks Rank #1 (Strong Buy) on solid earnings backdrop.
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ecb19fe8-eacd-4b3d-bbf4-76d8ba156272
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724662.0
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2014-08-01 00:00:00 UTC
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Adidas Warns on Profits as Risk to Russian Economy Persists - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/adidas-warns-on-profits-as-risk-to-russian-economy-persists-analyst-blog-2014-08-01
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nan
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nan
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It seems that the standoff between Russia and the West is still far from resolved and has now started hurting the European companies, even before the fresh sanctions began taking effect. Although the latest sanctions unveiled by the U.S. and European Union are targeted on the financial and energy firms, other industries too have started facing the heat.
Yesterday, the world's second-largest sporting goods company, Adidas AG ( ADDYY ) cut its sales and profit forecast for 2014 citing an increasing risk to consumer sentiments and spending in the Russian market due to mounting tensions with the West over the Ukraine issue.
Sports equipment maker Adidas unveiled that it now projects sales for the year to increase in the mid-to-high single-digit range on a currency neutral basis, down from the previous guidance range of high-single-digit. Furthermore, profit attributable to the shareholders is now anticipated to come around €650 million, significantly lower than the earlier projected range of €830 million to €930 million.
Further, in a move to reduce risk and protect profits in the Russian market, the company wants to reduce its store opening plan till next year end. Simultaneously, Adidas intends to speed up its store closure procedure in the country.
The company has got a huge blow from the recent economic situation in Russia, as it earns a significant amount of its revenue from the country. Moreover, Adidas had planned to increase its namesake and Reebok stores in the region ahead of The FIFA World Cup 2018 slated to take place in the country.
However, despite facing challenges in the Russian market, the company has decided to keep up with its growth strategies in rest of the world, especially in North America and Western Europe. The company has got a new momentum at its brands after a solid performance at this year's mega soccer event held in Brazil.
Returning to the Russian economic conditions, we believe the increasing political tension will influence the outcome of several companies. Thus, it is best to keep a close watch on those companies which have high exposure in the Russian market until the crisis is resolved.
Other Stocks to Consider
Currently, Adidas carries a Zacks Rank #5 (Strong Sell). However, some better-ranked stocks in the shoe & apparel related industries are Sketchers USA Inc. ( SKX ), Iconix Brand Group, Inc. ( ICON ) and Deckers Outdoor Corp. ( DECK ). Of these, Skechers holds a Zacks Rank #1 (Strong Buy) while Iconix Brand and Deckers carries Zacks Rank #2 (Buy).
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
ADIDAS AG-ADR (ADDYY): Get Free Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (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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However, some better-ranked stocks in the shoe & apparel related industries are Sketchers USA Inc. ( SKX ), Iconix Brand Group, Inc. ( ICON ) and Deckers Outdoor Corp. ( DECK ). Of these, Skechers holds a Zacks Rank #1 (Strong Buy) while Iconix Brand and Deckers carries Zacks Rank #2 (Buy). Click to get this free report ADIDAS AG-ADR (ADDYY): Get Free Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here.
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Of these, Skechers holds a Zacks Rank #1 (Strong Buy) while Iconix Brand and Deckers carries Zacks Rank #2 (Buy). Click to get this free report ADIDAS AG-ADR (ADDYY): Get Free Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. However, some better-ranked stocks in the shoe & apparel related industries are Sketchers USA Inc. ( SKX ), Iconix Brand Group, Inc. ( ICON ) and Deckers Outdoor Corp. ( DECK ).
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Click to get this free report ADIDAS AG-ADR (ADDYY): Get Free Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. However, some better-ranked stocks in the shoe & apparel related industries are Sketchers USA Inc. ( SKX ), Iconix Brand Group, Inc. ( ICON ) and Deckers Outdoor Corp. ( DECK ). Of these, Skechers holds a Zacks Rank #1 (Strong Buy) while Iconix Brand and Deckers carries Zacks Rank #2 (Buy).
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However, some better-ranked stocks in the shoe & apparel related industries are Sketchers USA Inc. ( SKX ), Iconix Brand Group, Inc. ( ICON ) and Deckers Outdoor Corp. ( DECK ). Of these, Skechers holds a Zacks Rank #1 (Strong Buy) while Iconix Brand and Deckers carries Zacks Rank #2 (Buy). Click to get this free report ADIDAS AG-ADR (ADDYY): Get Free Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here.
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462f4913-da44-4fff-a922-431b8a3bd186
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724663.0
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2014-07-25 00:00:00 UTC
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Deckers Up on Narrower-than-Estimated Q1 Loss, Demand Rises - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-up-on-narrower-than-estimated-q1-loss-demand-rises-analyst-blog-2014-07-25
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nan
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nan
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Shares of Deckers Outdoor Corporation ( DECK ) rose nearly 5.6% in the after-hours trading session as the company posted narrower-than-expected loss for first-quarter fiscal 2015. The company incurred loss of $1.07 per share that fared better than the Zacks Consensus Estimate of loss of $1.31 thanks to strong demand for UGG, Teva, Sanuk and HOKA brands. Sales trend remained sturdy across Direct-to-Consumer division, while Omni-Channel initiatives boosted consumer experience.
However, what came as a drawback was that the loss per share for the quarter under review increased from a loss of 85 cents reported in the year-ago quarter due to higher selling, general and administrative expenses.
Deckers' net sales surged 24.3% year over year to $211.5 million and came ahead of the Zacks Consensus Estimate of $191 million. The top-line growth was fueled by higher demand for the company's spring collection as well as stellar e-Commerce growth. Omni-channel capability augmented sales. The company is focusing on opening smaller concept omni-channel outlets and expanding a new tool "Retail Inventory Online" to help customers locate products before they visit the company's outlets.
During the quarter, the company's domestic sales grew 20.1% year over year to $132.3 million while international sales increased 32.1% to $79.2 million. Direct-to-Consumer comparable sales, comprising worldwide retail comparable-store sales (comps) and e-Commerce sales, rose 10%.
Gross profit climbed 24.3% to $86.8 million from the comparable prior-year quarter, while gross margin contracted 10 basis points to 41%. Deckers reported an operating loss of $50.5 million, against loss of $42.8 million in the prior-year quarter.
Segment Discussion
UGG brand net sales rose 22.8% to $123.3 million, primarily attributable to increase in worldwide wholesale and international distributor sales, sales contribution from new retail outlets and surge in global E-Commerce sales, partly offset by decline in comps.
Teva brand net sales grew 25.7% to $39.3 million, reflecting increase in worldwide wholesale and international distributor sales, higher E-Commerce sales worldwide and increase in U.S. retail sales.
Sales for the Sanuk brand, known for its exclusive sandals and shoes, were $36 million, up 19.6% from the year-ago quarter, attributable to increase in worldwide wholesale and international distributor sales, higher E-Commerce sales globally and increase in U.S. retail sales.
Combined net sales of Deckers' Other brands for the quarter were $12.9 million, which surged 54.5% year over year primarily on the back of HOKA ONE ONE brand.
Retail Stores sales surged 29.4% to $42 million propelled by the opening of 37 new stores after Jun 30, 2013, partly offset by 2.8% decline in comparable-store sales.
e-Commerce sales soared 43.7% to $15.4 million, reflecting robust demand of the UGG Teva and Sanuk brands globally, along with new international e-Commerce websites and HOKA ONE ONE brand domestic website.
Store Update
Deckers is still targeting to open 30-35 new outlets during fiscal 2015. The company currently operates 126 company-owned retail stores.
Other Financial Aspects
Deckers, which competes with Iconix Brand Group, Inc. ( ICON ), ended the quarter with cash and cash equivalents of $158.2 million, short-term borrowings of $3.2 million, and shareholders' equity of $855.1 million. Inventories declined 1.7% year over year to $356 million.
Guidance
This Zacks Rank #3 (Hold) company now projects total revenue growth of 14% for fiscal 2015, up from 13% forecasted earlier. It also anticipates sales growth of 12% in UGG brand (11% growth previously projected), 11% in Teva brand, 15% in Sanuk brand and sales worth $82 million from Other brands.
Management now envisions a 14.5% rise in earnings per share for the fiscal year - up from 13.5% jump envisioned earlier - taking into account estimated gross profit margin of approximately 49% and an operating margin of about 13%.
For the second quarter of fiscal 2015, Deckers now forecasts 18% revenue growth and expects earnings per share to come in at 98 cents. The current Zacks Consensus Estimate for the quarter is $1.13.
Management anticipates capital expenditures of $100 million for fiscal 2015, comprising $37 million for IT and infrastructure improvement, $30 million for new outlets and $26 million for building a new distribution center.
Other Stocks to Consider
Investors interested in the same sector could consider better-ranked stocks like Skechers USA Inc. ( SKX ) and Brown Shoe Co. Inc. ( BWS ). Both stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (ICON): Free Stock Analysis Report
BROWN SHOE CO (BWS): 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 Corporation ( DECK ) rose nearly 5.6% in the after-hours trading session as the company posted narrower-than-expected loss for first-quarter fiscal 2015. Deckers' net sales surged 24.3% year over year to $211.5 million and came ahead of the Zacks Consensus Estimate of $191 million. Deckers reported an operating loss of $50.5 million, against loss of $42.8 million in the prior-year quarter.
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Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor Corporation ( DECK ) rose nearly 5.6% in the after-hours trading session as the company posted narrower-than-expected loss for first-quarter fiscal 2015. Deckers' net sales surged 24.3% year over year to $211.5 million and came ahead of the Zacks Consensus Estimate of $191 million.
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Shares of Deckers Outdoor Corporation ( DECK ) rose nearly 5.6% in the after-hours trading session as the company posted narrower-than-expected loss for first-quarter fiscal 2015. Deckers' net sales surged 24.3% year over year to $211.5 million and came ahead of the Zacks Consensus Estimate of $191 million. Deckers reported an operating loss of $50.5 million, against loss of $42.8 million in the prior-year quarter.
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Deckers' net sales surged 24.3% year over year to $211.5 million and came ahead of the Zacks Consensus Estimate of $191 million. Deckers reported an operating loss of $50.5 million, against loss of $42.8 million in the prior-year quarter. Shares of Deckers Outdoor Corporation ( DECK ) rose nearly 5.6% in the after-hours trading session as the company posted narrower-than-expected loss for first-quarter fiscal 2015.
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1b84e516-f7a7-4ee4-affc-c4ecca9a8f00
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724664.0
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2014-07-24 00:00:00 UTC
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Skechers Posts Record Earnings, Expects Trend to Continue - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-posts-record-earnings-expects-trend-to-continue-analyst-blog-2014-07-24
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nan
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nan
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For Skechers USA Inc. ( SKX ) 2014 is turning out to be an exceptional year. After a robust first-quarter performance, the company yet again came up with stellar quarterly results. Investor confidence was reflected in an 8.1% rise in stock price in the after market trading hours.
Second-quarter 2014 earnings of 68 cents per share was way ahead of the Zacks Consensus Estimate of 41 cents. Moreover, the reported figure rose substantially from 14 cents in the prior-year quarter.
Skechers U S A , Inc - Quarterly EPS (BNRI) | FindTheBest
The robust results were owing to strong top-line growth and effective cost management. Last quarter, the company had shifted a portion of advertising expenses to the second quarter as Easter fell in April this year.
Increased demand for products, product innovation across multiple categories and healthy performance across all revenue channels led to a 37.1% rise in revenues to $587.1 million in the quarter, which surpassed the Zacks Consensus Estimate of $505 million.
With increased focus on the new line of products, cost containment, inventory management, global distribution platform and backlogs, the company is confident of sustaining the growth momentum throughout 2014.
Gross profit for the quarter soared 38.2% to $269.4 million while gross margin increased 40 basis points (bps) to 45.9%. The growth was primarily driven by increased sales and a favorable product mix.
Operating income for the quarter increased over threefold year over year to $53.8 million while as a percentage of sales, it improved 520 bps to 9.2%.
Segmental Sales Synopsis for Q2
The domestic wholesale business marked a revenue increase of 35.4%, reflecting a jump of 30.1% in pairs shipped that benefited from relentless product development initiatives across multiple lines and an increase of 4.0% in the average price per pair.
Skechers' international business revenue increased 54.0% on the back of a 42.7% rise in international subsidiary and joint venture (JV) sales as well as an improvement of 87.3% in distributor sales. Though tough macroeconomic conditions in several key markets impacted Skechers' international distributor business, the company's partners in Philippines, Mexico, Turkey, Taiwan, South Korea, New Zealand, the UAE and Australia experienced growth.
Looking ahead, this Zacks Rank #2 (Buy) company expects the momentum witnessed during the quarter in subsidiary and JVs to continue in the third quarter and last throughout fiscal 2014.
On a combined basis, retail business sales grew 28.8% and comparable-store sales jumped 13.9%. Domestic retail sales rose 20.9% while comparable-store sales increased 12.1%. International retail sales soared 75.1% and comps climbed 24.6%.
Store Update
Skechers had 413 retail stores and 524 distributor, JV and licensed stores under operation at the end of second-quarter 2014. At the quarter-end, the company's JV and licensed stores comprised 153 outlets under JVs in Asia including stores operated by licensees, 337 distributor-owned or licensed Skechers retail stores globally and 34 company-licensed locations in Brazil, Canada, Spain, France, Portugal and Ireland.
During the second quarter, the company opened 16 stores, including 13 domestic stores and 3 international outlets. These comprise new concept stores in California, Florida, Iowa, Kansas, Louisiana, New Jersey, Tennessee, Texas and Washington, as well as outlets in Canada, France and the U.K. Further, the company closed 2 domestic concept stores in the quarter.
So far, in the third quarter of 2014, Skechers has opened 2 outlets, one new concept store each in California and Texas. Going forward, the company plans to open 20-25 retail stores during rest of the quarter and another 20-25 stores in the fourth quarter.
During the second quarter, Skechers opened 34 distributor, JV or licensed stores, which included the company's first store in Libya, 6 stores in India; 4 in Mexico; 3 in Australia; 2 each in Malaysia, Georgia and South Korea and 1 each in Saudi Arabia, Estonia, Latvia, Indonesia, Macau, Denmark, Kenya, Russia, Belarus, Taiwan, Brunei, Hong Kong Portugal and Turkey. One South Korean outlet was closed in the quarter.
So far, in the third quarter of 2014, Skechers has opened 3 distributor JV outlets. Going forward, the company plans to open about 60-65 more stores in 2014.
Overall, the company targets to increase its store count to about 1,050 by the end of 2014.
Strategic Initiatives
Management remains committed to its focus on new lines of products, opening additional Skechers stores and increasing distribution channels with the development of international distribution agreements to boost sales and profitability. Moreover, Skechers' international business remains a significant sales growth driver for the company. Also, through its distribution networks, subsidiaries and JVs, Skechers is poised to enhance its global reach in the footwear market.
Other Financial Aspects
Skechers, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended second-quarter 2014 with cash and cash equivalents of $414.8 million, long-term debt of $110.3 million and shareholders' equity of $1,001.8 million, excluding non-controlling interest of $53.2 million.
Capital expenditures for the quarter were approximately $12.6 million. The company expects another $35-$45 million worth of capex in the 2014 mainly diverted towards store expansion and remodeling.
Other Stocks to Consider
Another stock worth considering in the shoe space is Brown Shoe Co. Inc. ( BWS ), which also sports a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NIKE INC-B (NKE): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
BROWN SHOE CO (BWS): 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 Financial Aspects Skechers, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended second-quarter 2014 with cash and cash equivalents of $414.8 million, long-term debt of $110.3 million and shareholders' equity of $1,001.8 million, excluding non-controlling interest of $53.2 million. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Skechers U S A , Inc - Quarterly EPS (BNRI) | FindTheBest The robust results were owing to strong top-line growth and effective cost management.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Skechers, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended second-quarter 2014 with cash and cash equivalents of $414.8 million, long-term debt of $110.3 million and shareholders' equity of $1,001.8 million, excluding non-controlling interest of $53.2 million. Though tough macroeconomic conditions in several key markets impacted Skechers' international distributor business, the company's partners in Philippines, Mexico, Turkey, Taiwan, South Korea, New Zealand, the UAE and Australia experienced growth.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Skechers, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended second-quarter 2014 with cash and cash equivalents of $414.8 million, long-term debt of $110.3 million and shareholders' equity of $1,001.8 million, excluding non-controlling interest of $53.2 million. At the quarter-end, the company's JV and licensed stores comprised 153 outlets under JVs in Asia including stores operated by licensees, 337 distributor-owned or licensed Skechers retail stores globally and 34 company-licensed locations in Brazil, Canada, Spain, France, Portugal and Ireland.
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Other Financial Aspects Skechers, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended second-quarter 2014 with cash and cash equivalents of $414.8 million, long-term debt of $110.3 million and shareholders' equity of $1,001.8 million, excluding non-controlling interest of $53.2 million. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report To read this article on Zacks.com click here. Operating income for the quarter increased over threefold year over year to $53.8 million while as a percentage of sales, it improved 520 bps to 9.2%.
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80c72f3f-4355-4269-930b-df245e4a9fc4
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724665.0
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2014-07-23 00:00:00 UTC
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Will Deckers (DECK) Beat Q1 Earnings on Solid UGG Demand? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-deckers-deck-beat-q1-earnings-on-solid-ugg-demand-analyst-blog-2014-07-23
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nan
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nan
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We expect Deckers Outdoor Corporation ( DECK ), designer, producer and brand manager of innovative, niche footwear and accessories, to beat expectations when it reports first-quarter fiscal 2015 results on Jul 24. In the last quarter (the three-month transition period ended Mar 31, 2014), it posted a positive surprise of 50.0%.
Why a Likely Positive Surprise?
Our proven model shows that Deckers is likely to beat earnings because it has the right combination of two key components.
Zacks ESP: Deckers currently has an Earnings ESP of +3.05%. This is because the Most Accurate estimate stands at a loss of $1.27 per share, while the Zacks Consensus Estimate is pegged at a loss of $1.31.
Zacks Rank: Deckers carries a Zacks Rank #3 (Hold). Note that stocks with a Zacks Ranks of #1, #2 and #3 have a significantly higher chance of beating earnings estimates. The Sell-rated stocks (Rank #4 and 5) should never be considered going into an earnings announcement.
The combination of Deckers' Zacks Rank #3 (Hold) and +3.05% ESP makes us confident of an earnings beat this release.
What is Driving the Better-than-Expected Earnings?
We believe expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation augur well for Deckers to sustain its growth momentum in the quarter to be reported as well. The company's UGG brand remains a growth driver. In the last four quarters, the company outperformed the Zacks Consensus Estimate by an average of 26.95%.
Stocks That Warrant a Look
Here are some other companies you may want to consider as our model shows that these have the right combination of elements:
Big Lots Inc. ( BIG ) has an Earnings ESP of +3.33% and a Zacks Rank #2 (Buy).
Williams-Sonoma Inc. ( WSM ) has an Earnings ESP of +1.89% and a Zacks Rank #2.
Dollar General Corp. ( DG ) has an Earnings ESP of +1.21% and a Zacks Rank #3.
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 (DECK): Free Stock Analysis Report
DOLLAR GENERAL (DG): Free Stock Analysis Report
BIG LOTS INC (BIG): Free Stock Analysis Report
WILLIAMS-SONOMA (WSM): 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 combination of Deckers' Zacks Rank #3 (Hold) and +3.05% ESP makes us confident of an earnings beat this release. We believe expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation augur well for Deckers to sustain its growth momentum in the quarter to be reported as well. We expect Deckers Outdoor Corporation ( DECK ), designer, producer and brand manager of innovative, niche footwear and accessories, to beat expectations when it reports first-quarter fiscal 2015 results on Jul 24.
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Zacks Rank: Deckers carries a Zacks Rank #3 (Hold). Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report WILLIAMS-SONOMA (WSM): Free Stock Analysis Report To read this article on Zacks.com click here. We expect Deckers Outdoor Corporation ( DECK ), designer, producer and brand manager of innovative, niche footwear and accessories, to beat expectations when it reports first-quarter fiscal 2015 results on Jul 24.
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Zacks Rank: Deckers carries a Zacks Rank #3 (Hold). Click to get this free report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report WILLIAMS-SONOMA (WSM): Free Stock Analysis Report To read this article on Zacks.com click here. We expect Deckers Outdoor Corporation ( DECK ), designer, producer and brand manager of innovative, niche footwear and accessories, to beat expectations when it reports first-quarter fiscal 2015 results on Jul 24.
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We expect Deckers Outdoor Corporation ( DECK ), designer, producer and brand manager of innovative, niche footwear and accessories, to beat expectations when it reports first-quarter fiscal 2015 results on Jul 24. Our proven model shows that Deckers is likely to beat earnings because it has the right combination of two key components. Zacks ESP: Deckers currently has an Earnings ESP of +3.05%.
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d751fa89-9ddd-47c8-a1ea-56da0da3149c
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724666.0
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2014-07-21 00:00:00 UTC
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Will Skechers (SKX) Keep its Earnings Streak Alive in Q2? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-skechers-skx-keep-its-earnings-streak-alive-in-q2-analyst-blog-2014-07-21
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nan
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nan
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Skechers U.S.A., Inc. ( SKX ), the designer, developer, marketer, and distributor of footwear for men and women, is slated to report its second-quarter 2014 results on Jul 23. In the last quarter, it posted a positive surprise of 84.85%. Let's see how things are shaping up for this announcement.
Factors Influencing this Quarter
Skechers remains committed to focus on innovative products, open additional stores and increase distribution channels with the development of international distribution agreements to improve its sales and profitability. Moreover, international business remains a significant growth driver for the company's sales. However, intense competition in the footwear industry and soft economic recovery may remain a drag in the quarter.
Earnings Whispers?
Our proven model does not conclusively show that Skechers 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, 2 or 3 for this to happen. This is not the case here, as you will see below.
Zacks ESP: Earnings ESP for Skechers is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 41 cents.
Zacks Rank: Skechers carries a Zacks Rank #3 (Hold). Though a favorable Zacks Rank increases the predictive power of ESP, the company's ESP of 0.00% makes surprise prediction difficult.
Stocks that Warrant a Look
Here are some companies you may want to consider as our model shows that these have the right combination of elements:
Big Lots Inc. ( BIG ) has an Earnings ESP of +3.33% and a Zacks Rank #2 (Buy).
Williams-Sonoma Inc. ( WSM ) has an Earnings ESP of +1.89% and a Zacks Rank #2.
Deckers Outdoor Corp. ( DECK ) has an Earnings ESP of +1.53% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SKECHERS USA-A (SKX): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
BIG LOTS INC (BIG): Free Stock Analysis Report
WILLIAMS-SONOMA (WSM): 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 +1.53% and a Zacks Rank #3. Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report WILLIAMS-SONOMA (WSM): Free Stock Analysis Report To read this article on Zacks.com click here. Skechers U.S.A., Inc. ( SKX ), the designer, developer, marketer, and distributor of footwear for men and women, is slated to report its second-quarter 2014 results on Jul 23.
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Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report WILLIAMS-SONOMA (WSM): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ) has an Earnings ESP of +1.53% and a Zacks Rank #3. Though a favorable Zacks Rank increases the predictive power of ESP, the company's ESP of 0.00% makes surprise prediction difficult.
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Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report WILLIAMS-SONOMA (WSM): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ) has an Earnings ESP of +1.53% and a Zacks Rank #3. Zacks ESP: Earnings ESP for Skechers is 0.00%.
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Deckers Outdoor Corp. ( DECK ) has an Earnings ESP of +1.53% and a Zacks Rank #3. Click to get this free report SKECHERS USA-A (SKX): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report WILLIAMS-SONOMA (WSM): Free Stock Analysis Report To read this article on Zacks.com click here. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen.
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c900f893-cda9-416b-8da0-b41a5f612950
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724667.0
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2014-06-26 00:00:00 UTC
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Wolverine World Wide, Inc. (WWW) Ex-Dividend Date Scheduled for June 27, 2014
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DECK
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https://www.nasdaq.com/articles/wolverine-world-wide-inc-www-ex-dividend-date-scheduled-june-27-2014-2014-06-26
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nan
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nan
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Wolverine World Wide, Inc. ( WWW ) will begin trading ex-dividend on June 27, 2014. A cash dividend payment of $0.06 per share is scheduled to be paid on August 01, 2014. Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that WWW has paid the same dividend. At the current stock price of $26.5, the dividend yield is .91%.
The previous trading day's last sale of WWW was $26.5, representing a -22.29% decrease from the 52 week high of $34.10 and a 5.75% increase over the 52 week low of $25.06.
WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). WWW's current earnings per share, an indicator of a company's profitability, is $1.06. Zacks Investment Research reports WWW's forecasted earnings growth in 2014 as 12.19%, compared to an industry average of 6%.
For more information on the declaration, record and payment dates, visit the WWW Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to WWW through an Exchange Traded Fund [ETF]?
The following ETF(s) have WWW as a top-10 holding:
PowerShares S&P SmallCap Consumer Discretionary Portfolio ( PSCD )
Vanguard S&P Small-Cap 600 Growth ETF ( VIOG ).
The top-performing ETF of this group is PSCD with an increase of 5.71% over the last 100 days. It also has the highest percent weighting of WWW at 2.59%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports WWW's forecasted earnings growth in 2014 as 12.19%, compared to an industry average of 6%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). WWW's current earnings per share, an indicator of a company's profitability, is $1.06.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the WWW Dividend History page.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). A cash dividend payment of $0.06 per share is scheduled to be paid on August 01, 2014. Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment.
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68cc770e-eb65-47c0-b35e-b52ec0477aea
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724668.0
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2014-05-28 00:00:00 UTC
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Nike, Inc. (NKE) Ex-Dividend Date Scheduled for May 29, 2014
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DECK
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https://www.nasdaq.com/articles/nike-inc-nke-ex-dividend-date-scheduled-may-29-2014-2014-05-28
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nan
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nan
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Nike, Inc. ( NKE ) will begin trading ex-dividend on May 29, 2014. A cash dividend payment of $0.24 per share is scheduled to be paid on July 07, 2014. Shareholders who purchased NKE stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that NKE has paid the same dividend. At the current stock price of $76.61, the dividend yield is 1.25%.
The previous trading day's last sale of NKE was $76.61, representing a -4.55% decrease from the 52 week high of $80.26 and a 29.61% increase over the 52 week low of $59.11.
NKE is a part of the Consumer Non-Durables sector, which includes companies such as Deckers Outdoor Corporation ( DECK ) and Wolverine World Wide, Inc. ( WWW ). NKE's current earnings per share, an indicator of a company's profitability, is $2.94. Zacks Investment Research reports NKE's forecasted earnings growth in 2014 as 10.21%, compared to an industry average of 6.4%.
For more information on the declaration, record and payment dates, visit the NKE Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to NKE through an Exchange Traded Fund [ETF]?
The following ETF(s) have NKE as a top-10 holding:
PowerShares Dynamic LargeCap Growth ( PWB )
iShares Dow Jones U.S. Consumer Goods Index Fund ( IYK )
PowerShares DWA Momentum Portfolio ( PDP )
PowerShares S&P 500 High Quality Portfolio ( SPHQ )
PowerShares Dividend Achievers ( PFM ).
The top-performing ETF of this group is PDP with an increase of 4.12% over the last 100 days. PWB has the highest percent weighting of NKE at 3.18%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NKE is a part of the Consumer Non-Durables sector, which includes companies such as Deckers Outdoor Corporation ( DECK ) and Wolverine World Wide, Inc. ( WWW ). Shareholders who purchased NKE stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports NKE's forecasted earnings growth in 2014 as 10.21%, compared to an industry average of 6.4%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. NKE is a part of the Consumer Non-Durables sector, which includes companies such as Deckers Outdoor Corporation ( DECK ) and Wolverine World Wide, Inc. ( WWW ). The following ETF(s) have NKE as a top-10 holding: PowerShares Dynamic LargeCap Growth ( PWB ) iShares Dow Jones U.S. Consumer Goods Index Fund ( IYK ) PowerShares DWA Momentum Portfolio ( PDP ) PowerShares S&P 500 High Quality Portfolio ( SPHQ ) PowerShares Dividend Achievers ( PFM ).
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NKE is a part of the Consumer Non-Durables sector, which includes companies such as Deckers Outdoor Corporation ( DECK ) and Wolverine World Wide, Inc. ( WWW ). Shareholders who purchased NKE stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the NKE Dividend History page.
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NKE is a part of the Consumer Non-Durables sector, which includes companies such as Deckers Outdoor Corporation ( DECK ) and Wolverine World Wide, Inc. ( WWW ). A cash dividend payment of $0.24 per share is scheduled to be paid on July 07, 2014. Shareholders who purchased NKE stock prior to the ex-dividend date are eligible for the cash dividend payment.
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ee149e91-2e53-4186-9eb0-3da51eb50ffc
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724669.0
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2014-05-22 00:00:00 UTC
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Rocky Brands, Inc. (RCKY) Ex-Dividend Date Scheduled for May 23, 2014
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DECK
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https://www.nasdaq.com/articles/rocky-brands-inc-rcky-ex-dividend-date-scheduled-may-23-2014-2014-05-22
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nan
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nan
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Rocky Brands, Inc. ( RCKY ) will begin trading ex-dividend on May 23, 2014. A cash dividend payment of $0.1 per share is scheduled to be paid on June 10, 2014. Shareholders who purchased RCKY stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th quarter that RCKY has paid the same dividend. At the current stock price of $14.44, the dividend yield is 2.77%.
The previous trading day's last sale of RCKY was $14.44, representing a -27.69% decrease from the 52 week high of $19.97 and a 9.98% increase over the 52 week low of $13.13.
RCKY is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). RCKY's current earnings per share, an indicator of a company's profitability, is $.97. Zacks Investment Research reports RCKY's forecasted earnings growth in 2014 as 16.35%, compared to an industry average of 6.4%.
For more information on the declaration, record and payment dates, visit the RCKY Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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RCKY is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased RCKY stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports RCKY's forecasted earnings growth in 2014 as 16.35%, compared to an industry average of 6.4%.
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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. RCKY is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). RCKY's current earnings per share, an indicator of a company's profitability, is $.97.
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RCKY is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased RCKY stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th quarter that RCKY has paid the same dividend.
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RCKY is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). A cash dividend payment of $0.1 per share is scheduled to be paid on June 10, 2014. Shareholders who purchased RCKY stock prior to the ex-dividend date are eligible for the cash dividend payment.
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b1d63858-6c65-4c76-894b-313e177014fd
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724670.0
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2014-05-19 00:00:00 UTC
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Sector Update: Consumer Shares Lower Pre-Market Monday; Campbell Soup Down 5% on Q3 Results
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DECK
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https://www.nasdaq.com/articles/sector-update-consumer-shares-lower-pre-market-monday-campbell-soup-down-5-q3-results-2014
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nan
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nan
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Top Consumer Shares:
WMT: -0.17%
MCD: -0.33%
DIS: -0.01%
CVS: flat
KO: -0.44%
GE: -0.37%
Consumer shares were generally lower in pre-market trade Monday.
In consumer sector news, Campbell Soup ( CPB ) reported adjusted fiscal Q3 earnings above analysts' expectations but its sales slightly missed expectations and the company cut its fiscal 2014 sales guidance.
Shares slipped in recent pre-market trading , down 5% to $43, in a 52-week range of $38.30 to $48.83.
And, analysts at Citigroup have initiated coverage of footwear maker Deckers Outdoor Corp. ( DECK ) with a buy rating and a price target of $94 a share.
The price target represents a potential 19% upside from the stock 's current trading price.
Shares of DECK are bid higher in pre-market activity at $79.25, and trade within a 52-week range of $46.59 - $90.09.
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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And, analysts at Citigroup have initiated coverage of footwear maker Deckers Outdoor Corp. ( DECK ) with a buy rating and a price target of $94 a share. Shares of DECK are bid higher in pre-market activity at $79.25, and trade within a 52-week range of $46.59 - $90.09. In consumer sector news, Campbell Soup ( CPB ) reported adjusted fiscal Q3 earnings above analysts' expectations but its sales slightly missed expectations and the company cut its fiscal 2014 sales guidance.
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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. And, analysts at Citigroup have initiated coverage of footwear maker Deckers Outdoor Corp. ( DECK ) with a buy rating and a price target of $94 a share. Shares of DECK are bid higher in pre-market activity at $79.25, and trade within a 52-week range of $46.59 - $90.09.
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Shares of DECK are bid higher in pre-market activity at $79.25, and trade within a 52-week range of $46.59 - $90.09. And, analysts at Citigroup have initiated coverage of footwear maker Deckers Outdoor Corp. ( DECK ) with a buy rating and a price target of $94 a share. Consumer shares were generally lower in pre-market trade Monday.
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And, analysts at Citigroup have initiated coverage of footwear maker Deckers Outdoor Corp. ( DECK ) with a buy rating and a price target of $94 a share. Shares of DECK are bid higher in pre-market activity at $79.25, and trade within a 52-week range of $46.59 - $90.09. Consumer shares were generally lower in pre-market trade Monday.
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27c357d3-7eef-4649-954f-40de40719872
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724671.0
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2014-05-19 00:00:00 UTC
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Sector Update: Consumer
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DECK
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https://www.nasdaq.com/articles/sector-update-consumer-2014-05-19-1
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nan
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nan
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Consumer shares were generally lower in pre-market trade Monday.
In consumer sector news, Campbell Soup ( CPB ) reported adjusted fiscal Q3 earnings above analysts' expectations but its sales slightly missed expectations and the company cut its fiscal 2014 sales guidance.
Shares slipped in recent pre-market trading , down 5% to $43, in a 52-week range of $38.30 to $48.83.
And, analysts at Citigroup have initiated coverage of footwear maker Deckers Outdoor Corp. ( DECK ) with a buy rating and a price target of $94 a share.
The price target represents a potential 19% upside from the stock 's current trading price.
Shares of DECK are bid higher in pre-market activity at $79.25, and trade within a 52-week range of $46.59 - $90.09.
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.
|
And, analysts at Citigroup have initiated coverage of footwear maker Deckers Outdoor Corp. ( DECK ) with a buy rating and a price target of $94 a share. Shares of DECK are bid higher in pre-market activity at $79.25, and trade within a 52-week range of $46.59 - $90.09. In consumer sector news, Campbell Soup ( CPB ) reported adjusted fiscal Q3 earnings above analysts' expectations but its sales slightly missed expectations and the company cut its fiscal 2014 sales guidance.
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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. And, analysts at Citigroup have initiated coverage of footwear maker Deckers Outdoor Corp. ( DECK ) with a buy rating and a price target of $94 a share. Shares of DECK are bid higher in pre-market activity at $79.25, and trade within a 52-week range of $46.59 - $90.09.
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And, analysts at Citigroup have initiated coverage of footwear maker Deckers Outdoor Corp. ( DECK ) with a buy rating and a price target of $94 a share. Shares of DECK are bid higher in pre-market activity at $79.25, and trade within a 52-week range of $46.59 - $90.09. In consumer sector news, Campbell Soup ( CPB ) reported adjusted fiscal Q3 earnings above analysts' expectations but its sales slightly missed expectations and the company cut its fiscal 2014 sales guidance.
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And, analysts at Citigroup have initiated coverage of footwear maker Deckers Outdoor Corp. ( DECK ) with a buy rating and a price target of $94 a share. Shares of DECK are bid higher in pre-market activity at $79.25, and trade within a 52-week range of $46.59 - $90.09. In consumer sector news, Campbell Soup ( CPB ) reported adjusted fiscal Q3 earnings above analysts' expectations but its sales slightly missed expectations and the company cut its fiscal 2014 sales guidance.
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6eec4bd6-4ec1-4573-bb9c-42ea77030b34
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724672.0
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2014-05-13 00:00:00 UTC
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Upgraded Research Report on Deckers - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/upgraded-research-report-on-deckers-analyst-blog-2014-05-13
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nan
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nan
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On May 9, 2014, we issued an updated research report on Deckers Outdoor Corp. ( DECK ), following its transition period results for the three-months ended Mar 31, 2014.
Deckers changed its fiscal year from Dec 31 to Mar 31. As part of the process, the company has referred to the 3-month period ended Mar 31, 2014 as the transition period. The results of the transition period are compared with the results for the first quarter of fiscal 2013 ended Mar 31, 2013.
For the transition period, Deckers posted a narrower-than-expected loss of 8 cents a share, compared with the Zacks Consensus Estimate of a loss of 16 cents. However, it came below the earnings of 3 cents reported in first-quarter 2013. Further, aided by robust sales of the UGG and HOKA ONE ONEâ brands coupled with stellar comps and E-commerce growth, the company's top line soared 11.7%, surpassing the Zacks Consensus Estimate of $285 million.
Deckers now projects total revenue growth of 13% for fiscal 2015, anticipating sales growth across all its brands. Also, management now envisions a 13.5% rise in 2015 earnings per share. For the first quarter of fiscal 2015, Deckers forecasts 12.0% revenue growth, although it anticipates a loss of $1.33 a share, owing to the fixed costs of the company which are spread evenly over all quarters.
Deckers is targeting profitable markets, and remains focused on product innovations and store augmentation, which is well evident from the surge in its transition period retail store sales, attributable to the opening of 42 new stores year over year. Also, management is eyeing opportunities for store expansion in Asia, and to enhance its presence in countries like South Korea, Taiwan, Mongolia, Singapore and Australia.
The company has also made substantial investments to strengthen its online presence and improve the shopping experience for its customers by developing its E-commerce portal to capture incremental sales.
We believe growing direct-to-consumer operations, expansion initiatives, omni-channel strategies, effective inventory management and optimum capital allocation augur well for Deckers to sustain its growth momentum.
However, the company's excessive reliance on the UGG brand, sluggish macroeconomic factors and unfavorable foreign exchange fluctuations compel us to be on the sidelines.
Deckers currently has a Zacks Rank #3 (Hold).
Key Picks from the Sector
Other better-ranked retail stocks worth investment include Skechers USA Inc. ( SKX ), Carter's, Inc. ( CRI ) and Wolverine World Wide Inc. ( WWW ). While Skechers carries a Zacks Rank #1 (Strong Buy), Carter's and Wolverine carry a Zacks Rank #2 (Buy) each.
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
CARTERS INC (CRI): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
WOLVERINE WORLD (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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We believe growing direct-to-consumer operations, expansion initiatives, omni-channel strategies, effective inventory management and optimum capital allocation augur well for Deckers to sustain its growth momentum. On May 9, 2014, we issued an updated research report on Deckers Outdoor Corp. ( DECK ), following its transition period results for the three-months ended Mar 31, 2014. Deckers changed its fiscal year from Dec 31 to Mar 31.
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Click to get this free report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. On May 9, 2014, we issued an updated research report on Deckers Outdoor Corp. ( DECK ), following its transition period results for the three-months ended Mar 31, 2014. Deckers changed its fiscal year from Dec 31 to Mar 31.
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For the transition period, Deckers posted a narrower-than-expected loss of 8 cents a share, compared with the Zacks Consensus Estimate of a loss of 16 cents. Deckers is targeting profitable markets, and remains focused on product innovations and store augmentation, which is well evident from the surge in its transition period retail store sales, attributable to the opening of 42 new stores year over year. Click to get this free report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here.
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On May 9, 2014, we issued an updated research report on Deckers Outdoor Corp. ( DECK ), following its transition period results for the three-months ended Mar 31, 2014. For the transition period, Deckers posted a narrower-than-expected loss of 8 cents a share, compared with the Zacks Consensus Estimate of a loss of 16 cents. Click to get this free report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here.
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e4c061b9-cfe9-46b7-a055-c393e2a787cb
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724673.0
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2014-05-08 00:00:00 UTC
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Are Stronger Sales In Store For These U.S. Consumer Goods Stocks?
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DECK
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https://www.nasdaq.com/articles/are-stronger-sales-store-these-us-consumer-goods-stocks-2014-05-08
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nan
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nan
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By Mary-Lynn Cesar for Kapitall
Consumer spending reached a four-year-high in March. Will these US consumer goods stocks benefit from an increase in household purchases?
Consumer spending rose 0.9%, or $107.2 billion, in March, according to the latest figures from the Commerce Department. Bloomberg reports the increase was the biggest recorded since August 2009, and that the gain beat the average estimate of 0.6% growth. The uptick in spending bodes well for the second quarter and supports the Federal Reserve's claim that the US economy was on the rebound after a dismal first quarter of negligible growth.
Household purchases are the primary driver of the economy, accounting for nearly 70% of the US's GDP. They include nondurable goods such as food and clothing, longer-lasting durable goods like cars and computers, and services, which covers everything from banking to travel lodging.
Durable goods experienced the biggest gain in spending in March, rising 2.7%. Goods spending jumped 1.4%, and services increased 0.7%.
Investing Ideas
Today's consumer spending report inspired us to look for investment opportunities in the consumer goods sector. We began with a universe comprised of US consumer goods stocks (durable and non-durable), which we then screened for encouraging inventory trends given March's increase in spending.
Specifically, we looked for stocks that saw two things: faster growth in quarterly revenue than inventory over the past year, and a decrease in inventory as a percentage of current assets. Companies that satisfy these criteria are efficient when it comes to selling their goods and services, and also offer products that are in great demand.
We ran the remaining stocks through the DuPont analysis of ROE in order to get a better sense of their profitability. The DuPont equation uses a company's profit margin, total asset turnover, and financial leverage from its most recent quarter (MRQ) to analyze its return on equity.
When a company's profitability orginates from an increase in net profit margin and/or asset turnover, the company's source of growth is considered positive. On the other hand, an increase in leverage ratio is viewed as a negative source.
We were left with five stocks on our list.
Click on the image to view data over time.
Click to view the chart
Do you think these US consumer goods stocks will see stronger sales in the coming months? Use this list as a starting point for your own analysis.
1. Flexsteel Industries Inc. (FLXS, Earnings, Analysts, Financials): Together with its subsidiaries, manufactures, imports, and markets residential and commercial upholstered and wooden furniture products in the United States.
Market cap at $250.88M, most recent closing price at $34.32.
MRQ net profit margin at 4.% vs. 3.17% y/y. MRQ sales/assets at 0.547 vs. 0.516 y/y. MRQ assets/equity at 1.262 vs. 1.292 y/y.
Revenue grew by 12.38% during the most recent quarter ($110.53M vs. $98.35M y/y). Inventory grew by 7.06% during the same time period ($92.1M vs. $86.03M y/y). Inventory, as a percentage of current assets, decreased from 59.73% to 58.7% during the most recent quarter (comparing 3 months ending 2014-03-31 to 3 months ending 2013-03-31).
2. Winnebago Industries Inc. (WGO, Earnings, Analysts, Financials): Manufactures motor homes, which are self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities.
Market cap at $651.04M, most recent closing price at $23.90.
MRQ net profit margin at 4.19% vs. 3.55% y/y. MRQ sales/assets at 0.74 vs. 0.606 y/y. MRQ assets/equity at 1.754 vs. 1.909 y/y.
Revenue grew by 29.15% during the most recent quarter ($228.81M vs. $177.17M y/y). Inventory grew by 0.28% during the same time period ($124.29M vs. $123.94M y/y). Inventory, as a percentage of current assets, decreased from 63.73% to 54.63% during the most recent quarter (comparing 13 weeks ending 2014-03-01 to 13 weeks ending 2013-03-02).
3. Cal-Maine Foods, Inc. (CALM, Earnings, Analysts, Financials): Engages in the production, grading, packaging, marketing, and distribution of shell eggs primarily in the southeastern, southwestern, mid-western, and mid-Atlantic regions of the United States.
Market cap at $1.44B, most recent closing price at $59.63.
MRQ net profit margin at 10.83% vs. 8.48% y/y. MRQ sales/assets at 0.496 vs. 0.478 y/y. MRQ assets/equity at 1.393 vs. 1.448 y/y.
Revenue grew by 9.75% during the most recent quarter ($395.52M vs. $360.37M y/y). Inventory grew by 1.63% during the same time period ($149.3M vs. $146.9M y/y). Inventory, as a percentage of current assets, decreased from 34.93% to 33.94% during the most recent quarter (comparing 13 weeks ending 2014-03-01 to 13 weeks ending 2013-03-02).
4. Deckers Outdoor Corp. (DECK, Earnings, Analysts, Financials): Engages in the design, production, marketing, and brand management of footwear and accessories for outdoor activities and everyday casual lifestyle use.
Market cap at $2.73B, most recent closing price at $78.95. MRQ net profit margin at 19.14% vs. 15.89% y/y.
MRQ sales/assets at 0.584 vs. 0.578 y/y. MRQ assets/equity at 1.418 vs. 1.446 y/y.
Revenue grew by 19.24% during the most recent quarter ($736.05M vs. $617.26M y/y). Inventory grew by -13.12% during the same time period ($260.79M vs. $300.17M y/y). Inventory, as a percentage of current assets, decreased from 43.4% to 31.45% during the most recent quarter (comparing 3 months ending 2013-12-31 to 3 months ending 2012-12-31).
5. Whirlpool Corp. (WHR, Earnings, Analysts, Financials): Engages in the manufacture and marketing of home appliances worldwide.
Market cap at $11.88B, most recent closing price at $153.38.
MRQ net profit margin at 3.56% vs. 2.55% y/y. MRQ sales/assets at 0.327 vs. 0.311 y/y. MRQ assets/equity at 3.157 vs. 3.614 y/y.
Revenue grew by 6.31% during the most recent quarter ($5,090M vs. $4,788M y/y). Inventory grew by 2.29% during the same time period ($2,408M vs. $2,354M y/y). Inventory, as a percentage of current assets, decreased from 34.48% to 34.29% during the most recent quarter (comparing 3 months ending 2013-12-31 to 3 months ending 2012-12-31).
(List compiled by Mary-Lynn Cesar. Accounting and DuPont data sourced from Google Finance. Quarterly sales data sourced from Zacks Investment Research. All other data sourced from Finviz.)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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, Earnings, Analysts, Financials): Engages in the design, production, marketing, and brand management of footwear and accessories for outdoor activities and everyday casual lifestyle use. The DuPont equation uses a company's profit margin, total asset turnover, and financial leverage from its most recent quarter (MRQ) to analyze its return on equity. Flexsteel Industries Inc. (FLXS, Earnings, Analysts, Financials): Together with its subsidiaries, manufactures, imports, and markets residential and commercial upholstered and wooden furniture products in the United States.
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Deckers Outdoor Corp. (DECK, Earnings, Analysts, Financials): Engages in the design, production, marketing, and brand management of footwear and accessories for outdoor activities and everyday casual lifestyle use. The DuPont equation uses a company's profit margin, total asset turnover, and financial leverage from its most recent quarter (MRQ) to analyze its return on equity. When a company's profitability orginates from an increase in net profit margin and/or asset turnover, the company's source of growth is considered positive.
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Deckers Outdoor Corp. (DECK, Earnings, Analysts, Financials): Engages in the design, production, marketing, and brand management of footwear and accessories for outdoor activities and everyday casual lifestyle use. Inventory, as a percentage of current assets, decreased from 59.73% to 58.7% during the most recent quarter (comparing 3 months ending 2014-03-31 to 3 months ending 2013-03-31). Inventory, as a percentage of current assets, decreased from 43.4% to 31.45% during the most recent quarter (comparing 3 months ending 2013-12-31 to 3 months ending 2012-12-31).
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Deckers Outdoor Corp. (DECK, Earnings, Analysts, Financials): Engages in the design, production, marketing, and brand management of footwear and accessories for outdoor activities and everyday casual lifestyle use. Revenue grew by 12.38% during the most recent quarter ($110.53M vs. $98.35M y/y). Revenue grew by 29.15% during the most recent quarter ($228.81M vs. $177.17M y/y).
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724674.0
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2014-04-25 00:00:00 UTC
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Consumer Stocks Taking On Broad Hits; Deckers Outdoor Walking Off With 6% Gain After EPS Beat
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DECK
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https://www.nasdaq.com/articles/consumer-stocks-taking-broad-hits-deckers-outdoor-walking-6-gain-after-eps-beat-2014-04-25
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nan
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nan
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Top Consumer Stocks
WMT +0.50%
MCD +0.84%
DIS -1.56%
CVS +0.19%
KO +0.17%
Consumer stocks were sharply lower this afternoon with shares of consumer staples companies in the S&P 500 posting a 1.6% decline. Shares of consumer discretionary firms in the S&P 500 were dropping nearly 1.2%.
In company news, Deckers Outdoor ( DECK ) shares were up nearly 6% in late Friday trading after the boots and footwear seller recorded a smaller net loss than analysts were expecting while also beat the Street view with its quarterly revenue.
The company posted a net loss of $0.08 per share during the transition period ended March 31, topping the Capital IQ consensus by $0.07 per share. Sales reached $294.7 million, also exceeding the analyst mean by around $12.93 million.
Looking forward, DECK is projecting FY15 revenues to increase 13.0% over the twelve month period ended March 31, 2014, while diluted EPS is seen climbing around 13.5% over the prior fiscal year.
For the current quarter ending in June, it expects revenues to rise 12% over the same quarter last year - trailing the consensus view expecting around 9.5% growth - with a net loss of $1.33 per share compared to the $0.85 per share loss last year. Analysts, on average are looking for a $1.05 per share loss on around $186.17 million in revenue.
DECK shares were up 5.7% at $83.04 each shortly before the closing bell, earlier advancing to an intra-day high of $84.30 a share. The stock has a 52-week range of $46.59 to $90.09 a share, gaining 40.4% in value over the past 12 months.
In other sector news,
(+) DV, Climbs to 32-month high after fiscal Q3 net income of $0.86 per share beats Capital IQ consensus by $0.11 per share. Revenue fell 1.5% year over year to $496.1 mln but still edged out analyst estimates by around $2.58 mln.
(-) P, Forecasts break-even Q2 to EPS of $0.03, trailing analyst estimates for the current quarter by at least $0.02 per share. Also guides FY14 revenue below Street view. Q1 EPS beats by $0.01 and revenue was $13.3 mln better than consensus.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In company news, Deckers Outdoor ( DECK ) shares were up nearly 6% in late Friday trading after the boots and footwear seller recorded a smaller net loss than analysts were expecting while also beat the Street view with its quarterly revenue. Looking forward, DECK is projecting FY15 revenues to increase 13.0% over the twelve month period ended March 31, 2014, while diluted EPS is seen climbing around 13.5% over the prior fiscal year. DECK shares were up 5.7% at $83.04 each shortly before the closing bell, earlier advancing to an intra-day high of $84.30 a share.
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In company news, Deckers Outdoor ( DECK ) shares were up nearly 6% in late Friday trading after the boots and footwear seller recorded a smaller net loss than analysts were expecting while also beat the Street view with its quarterly revenue. Looking forward, DECK is projecting FY15 revenues to increase 13.0% over the twelve month period ended March 31, 2014, while diluted EPS is seen climbing around 13.5% over the prior fiscal year. DECK shares were up 5.7% at $83.04 each shortly before the closing bell, earlier advancing to an intra-day high of $84.30 a share.
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In company news, Deckers Outdoor ( DECK ) shares were up nearly 6% in late Friday trading after the boots and footwear seller recorded a smaller net loss than analysts were expecting while also beat the Street view with its quarterly revenue. Looking forward, DECK is projecting FY15 revenues to increase 13.0% over the twelve month period ended March 31, 2014, while diluted EPS is seen climbing around 13.5% over the prior fiscal year. DECK shares were up 5.7% at $83.04 each shortly before the closing bell, earlier advancing to an intra-day high of $84.30 a share.
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In company news, Deckers Outdoor ( DECK ) shares were up nearly 6% in late Friday trading after the boots and footwear seller recorded a smaller net loss than analysts were expecting while also beat the Street view with its quarterly revenue. Looking forward, DECK is projecting FY15 revenues to increase 13.0% over the twelve month period ended March 31, 2014, while diluted EPS is seen climbing around 13.5% over the prior fiscal year. DECK shares were up 5.7% at $83.04 each shortly before the closing bell, earlier advancing to an intra-day high of $84.30 a share.
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39faddbc-9ad6-4bcf-87fc-222836deeaf1
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724675.0
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2014-04-25 00:00:00 UTC
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Shares Rally as Deckers' Loss Narrows - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/shares-rally-as-deckers-loss-narrows-analyst-blog-2014-04-25
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nan
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nan
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Shares of Deckers Outdoor Corporation ( DECK ) rose nearly 7% in the after-hours trading session as the company posted narrower-than-expected loss for the three-month transition period ended Mar 31, 2014.
Deckers has changed its fiscal year from Dec 31 to Mar 31. As part of the process, the company has referred to the three month period ended Mar 31, 2014 as the transition period. The results of the transition period are compared with the results for the first quarter of fiscal 2013 ended Mar 31, 2013. Also, the company is transferring its listing from Nasdaq to NYSE and will begin trading on NYSE on May 5, 2014 under the current symbol DECK.
The company posted a loss of 8 cents per share as against the Zacks Consensus Estimate of loss of 16 cents and earnings of 3 cents reported in first-quarter 2013.
Deckers' net sales jumped 11.7% year over year to $294.7 million and came ahead of the Zacks Consensus Estimate of $285 million. The quarterly performance was aided by robust sales of UGG and HOKA ONE ONEâ brands as well as stellar comps and e-Commerce growth.
Deckers continues to focus on developing its Omni-channel capability to further improve sales.
During the quarter, the company's domestic sales grew 8.5% year over year to $198.3 million while international sales increased 18.9% to $96.4 million. Direct-to-Consumer comparable sales, comprising worldwide retail comparable-store sales (comps) and e-Commerce sales, rose 16.9%.
Gross profit climbed 16.8% to $144.3 million from the comparable prior-year quarter, while gross margin rose 210 basis points to 48.9%. Deckers reported an operating loss of $408 million, as against operating income of $2,652 million in the prior-year quarter.
Segment Discussion
UGG brand net sales rose 15.8% to $197.6 million, primarily due to sales generation from new retail outlets, comps growth, rise in global e-Commerce sales and increase in domestic wholesale sales.
Teva brand net sales fell 9.2% to $46.8 million, reflecting a fall in domestic wholesale sales.
Sales for the Sanuk brand, known for its exclusive sandals and shoes, were $30.7 million, down 0.8% from the year-ago quarter, reflecting lower international distributor sales, partly offset by rise in domestic wholesale, retail and E-Commerce sales.
Combined net sales of Deckers' Other brands for the quarter were $19.6 million that surged 84.3% year over year on the back of HOKA ONE ONEâ brand.
Retail Stores sales increased 26.1% to $80.1 million, propelled by the opening of 42 new stores after first-quarter 2013 and comps growth of 4.0%. Deckers witnessed comps growth of 43% in Asia-Pacific and 15% in North America, partly offset by a 5% comps decline in Europe, Middle East and Africa (EMEA).
e-Commerce sales surged 45.0% to $38.6 million, reflecting robust demand of the UGG brand globally, higher domestic sales of Sanuk and Teva brands along with new international e-Commerce websites and HOKA ONE ONEâ brand domestic website.
Store Update
Deckers plans to open 30-35 stores during fiscal 2015, up from earlier expectation of 25 stores. The company currently operates 120 company-owned retail stores. Deckers remains optimistic about achieving the target of 200 stores in the long run.
Other Financial Aspects
Deckers, which competes with Iconix Brand Group, Inc. ( ICON ), ended the quarter with cash and cash equivalents of $245.0 million. Shareholders' equity was $888.8 million at the end of the quarter. Inventories declined 17.7% year over year to $211.5 million.
Guidance for Fiscal 2015
This Zacks Rank #3 (Hold) stock now projects total revenue growth of 13% for fiscal 2015, anticipating sales growth of 11% in UGG brand, 11% in Teva brand, 15% in Sanuk brand and sales worth $82 million from other brands. Management now envisions a 13.5% rise in 2015 earnings per share.
Deckers forecasts 12.0% revenue growth but anticipates a loss of $1.33 a share for the first quarter of 2015.
Management anticipates capital expenditures of $100 million for fiscal 2015, comprising of $37 million for IT and infrastructure improvement, $30 million for new outlets and $26 million for building a new distribution center.
Other Stocks to Consider
Investors interested in the same sector could consider stocks like Skechers USA Inc. ( SKX ) and Brown Shoe Co. Inc. ( BWS ). While Skechers sports a Zacks Rank #1 (Strong Buy), Brown Shoe has a Zacks Rank #2 (Buy).
BROWN SHOE CO (BWS): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (ICON): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Deckers Outdoor Corporation ( DECK ) rose nearly 7% in the after-hours trading session as the company posted narrower-than-expected loss for the three-month transition period ended Mar 31, 2014. Deckers forecasts 12.0% revenue growth but anticipates a loss of $1.33 a share for the first quarter of 2015. Deckers has changed its fiscal year from Dec 31 to Mar 31.
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BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor Corporation ( DECK ) rose nearly 7% in the after-hours trading session as the company posted narrower-than-expected loss for the three-month transition period ended Mar 31, 2014. Deckers has changed its fiscal year from Dec 31 to Mar 31.
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Shares of Deckers Outdoor Corporation ( DECK ) rose nearly 7% in the after-hours trading session as the company posted narrower-than-expected loss for the three-month transition period ended Mar 31, 2014. Deckers has changed its fiscal year from Dec 31 to Mar 31. Also, the company is transferring its listing from Nasdaq to NYSE and will begin trading on NYSE on May 5, 2014 under the current symbol DECK.
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Shares of Deckers Outdoor Corporation ( DECK ) rose nearly 7% in the after-hours trading session as the company posted narrower-than-expected loss for the three-month transition period ended Mar 31, 2014. Deckers has changed its fiscal year from Dec 31 to Mar 31. Also, the company is transferring its listing from Nasdaq to NYSE and will begin trading on NYSE on May 5, 2014 under the current symbol DECK.
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d9497be4-b335-46ee-92f3-3bee1cbb19e3
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724676.0
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2014-04-23 00:00:00 UTC
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Sketchers Soars on Strong Q1 Earnings - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/sketchers-soars-on-strong-q1-earnings-analyst-blog-2014-04-23
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nan
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nan
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Skechers USA Inc. ( SKX ) kick-started 2014 as its top and bottom lines for the first quarter surpassed the Zacks Consensus Estimate and recorded year-over-year growth as well. Furthermore, the company set records of reporting the highest sales ever for the first quarter and second highest quarterly sales in its 22-year history of operation. Driven by the stellar results, shares of this footwear retailer rose approximately 13.9% in the after-market trade hours yesterday.
First-quarter earnings of 61 cents a share was favorable when compared to the Zacks Consensus Estimate of 33 cents. Moreover, the reported figure rose over fourfold from 13 cents in the prior-year quarter. The improved results were owing to strong top-line growth, effective cost management and a shift in a portion of advertising expenses to second quarter as Easter falls in April this year.
Increased demand for products, product innovation across multiple categories and healthy performance across all revenue channels led to a 21% rise in revenues to $546.5 million in the first quarter, which surpassed the Zacks Consensus Estimate of $507 million.
With increased focus on the new line of products, cost containment, inventory management, global distribution platform, healthy Apr 2014 order rates and backlogs, the company is confident of sustaining the growth momentum throughout 2014.
Q1 Discussions
Gross profit for the quarter soared 24.7% to $240.4 million while gross margin increased 130 basis points (bps) to 44.0%. The growth was primarily driven by increased sales and a favorable product mix.
Earnings from operations for the quarter increased over twofold year over year to $48.2 million while as a percentage of sales, it improved 540 bps to 8.8%.
Notably, the company's effective tax rate increased substantially to 25.7% from 23.1% in the year-ago quarter due to inclusion of certain discrete items. Further, the company has lowered its upper-end tax rate projection to 28% from the earlier 30%. Therefore, Skechers now anticipates effective tax rate for 2014 in the range of 25%-30%.
Segmental Sales Synopsis for Q1
The domestic wholesale business marked a revenue increase of 20.7%, reflecting a jump of 14.8% in pairs shipped that benefited from relentless product development initiatives across multiple lines and an increase of 5.1% in the average price per pair. The company's Lifestyle lines gained from double-digit sales growth at its women's and men's lifestyle product lines while sales at the SKETCHERS Kids division registered single-digit growth. Moreover, the company's Performance Division remained strong with double-digit rise in sales.
Skechers' international business revenue increased 26.3% on the back of a 27.7% rise in international subsidiary and joint venture (JV) sales as well as an improvement of 21.9% in distributor sales. Though tough macroeconomic conditions in several key markets impacted Skechers' international distributor business, the company's partners in Indonesia, Mexico, Turkey, Taiwan, South Korea, New Zealand, the UAE and Australia experienced growth.
Looking ahead, this Zacks Rank #3 (Hold) company expects the momentum witnessed in the first quarter in subsidiary and JVs to continue in the second quarter and last throughout fiscal 2014. Further, Skechers anticipates flat distributor sales in the first quarter but forecasts growth for the full year.
On a combined basis, retail business sales grew 15.9%. Domestic retail sales rose 10.7% while comparable-store sales (comps) increased 5.8%. International retail sales soared 48.8% and comps climbed 5.6%.
On the domestic front, the company triumphed over the unusually cold weather that impacted its retail business and the shift of Easter to the second quarter.
Store Update
Skechers had 399 retail stores and 497 distributor, JV and licensed stores under operation at the end of first-quarter 2014, bringing the total store count to 896. At the quarter-end, the company's distributor, JV and licensed stores comprised 140 outlets under JVs in Asia, including stores operated by licensees, 327 distributor-owned or licensed Skechers retail stores globally and 30 company-licensed locations in Brazil, Canada, Spain, France, Portugal and Ireland.
During the first quarter, the company opened 10 stores, including 9 domestic stores and 1 international outlet. These comprise new concept stores in New York, Arizona, Puerto Rico, Maryland, Florida, Nebraska, Maine and Chile. Further, the company closed 1 domestic concept store in the quarter.
So far, in the second quarter of 2014, Skechers has opened 3 outlets, one new concept store each in New Jersey, Ohio and Texas. Going forward, the company plans to open 15-17 retail stores in the remainder of the second quarter and about 30 more stores across the globe in 2014.
During the first quarter, Skechers opened 22 distributor, JV or licensed stores, which included the company's first store in Belarus and 3 stores each in Saudi Arabia and Philippines, 2 each in India, Taiwan and Malaysia and 1 each in Costa Rica, Croatia, France, Mexico, Brazil, Wales, Russia, South Korea and Indonesia.
So far, in the second quarter of 2014, Skechers has opened 4 distributor JV outlets. Going forward, the company plans to open about 80-90 more stores in 2014 across the globe and bring the distributor JV store count to about 600.
Overall, the company targets to increase its store count to about 1,070 by the end of 2014.
Strategic Initiatives
Management remains committed to its focus on new lines of products, opening additional Skechers stores and increasing distribution channels with the development of international distribution agreements to boost sales and profitability. Moreover, Skechers' international business remains a significant sales growth driver for the company. Moreover, through its distribution networks, subsidiaries and JVs, Skechers is poised to enhance its global reach in the footwear market.
Other Financial Aspects
Skechers, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended first-quarter 2014 with cash and cash equivalents of $329.4 million, long-term debt of $113.4 million and shareholders' equity of $963.0 million, excluding non-controlling interest of $50.3 million. Capital expenditures for the first quarter were approximately $11.4 million.
Other Stocks to Consider
A better-ranked stock worth considering in the shoe space is Brown Shoe Co. Inc. ( BWS ), which sports a Zacks Rank #2 (Buy).
BROWN SHOE CO (BWS): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Financial Aspects Skechers, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended first-quarter 2014 with cash and cash equivalents of $329.4 million, long-term debt of $113.4 million and shareholders' equity of $963.0 million, excluding non-controlling interest of $50.3 million. BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. The improved results were owing to strong top-line growth, effective cost management and a shift in a portion of advertising expenses to second quarter as Easter falls in April this year.
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BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Skechers, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended first-quarter 2014 with cash and cash equivalents of $329.4 million, long-term debt of $113.4 million and shareholders' equity of $963.0 million, excluding non-controlling interest of $50.3 million. Though tough macroeconomic conditions in several key markets impacted Skechers' international distributor business, the company's partners in Indonesia, Mexico, Turkey, Taiwan, South Korea, New Zealand, the UAE and Australia experienced growth.
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Other Financial Aspects Skechers, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended first-quarter 2014 with cash and cash equivalents of $329.4 million, long-term debt of $113.4 million and shareholders' equity of $963.0 million, excluding non-controlling interest of $50.3 million. BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Store Update Skechers had 399 retail stores and 497 distributor, JV and licensed stores under operation at the end of first-quarter 2014, bringing the total store count to 896.
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Other Financial Aspects Skechers, which competes with Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), ended first-quarter 2014 with cash and cash equivalents of $329.4 million, long-term debt of $113.4 million and shareholders' equity of $963.0 million, excluding non-controlling interest of $50.3 million. BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Increased demand for products, product innovation across multiple categories and healthy performance across all revenue channels led to a 21% rise in revenues to $546.5 million in the first quarter, which surpassed the Zacks Consensus Estimate of $507 million.
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76f837ae-e430-48ab-a9ee-cbc83276a7e4
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724677.0
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2014-04-22 00:00:00 UTC
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First Week of December 20th Options Trading For Deckers Outdoor (DECK)
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DECK
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https://www.nasdaq.com/articles/first-week-december-20th-options-trading-deckers-outdoor-deck-2014-04-22
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nan
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nan
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Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options become available this week, for the December 20th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new December 20th contracts and identified one put and one call contract of particular interest.
The put contract at the $77.50 strike price has a current bid of $9.80. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $77.50, but will also collect the premium, putting the cost basis of the shares at $67.70 (before broker commissions). To an investor already interested in purchasing shares of DECK, that could represent an attractive alternative to paying $78.84/share today.
Because the $77.50 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 12.65% return on the cash commitment, or 19.07% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $77.50 strike is located relative to that history:
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $77.50 strike is located relative to that history: Top YieldBoost Calls of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options become available this week, for the December 20th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new December 20th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $77.50 strike is located relative to that history: Top YieldBoost Calls of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options become available this week, for the December 20th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new December 20th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new December 20th contracts and identified one put and one call contract of particular interest. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $77.50 strike is located relative to that history: Top YieldBoost Calls of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options become available this week, for the December 20th expiration.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new December 20th contracts and identified one put and one call contract of particular interest. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options become available this week, for the December 20th expiration. To an investor already interested in purchasing shares of DECK, that could represent an attractive alternative to paying $78.84/share today.
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051b52e6-a3e3-4bc8-8529-e3cde93660dc
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724678.0
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2014-04-10 00:00:00 UTC
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Making Money in a Range-Bound Stock - Know Your Options
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DECK
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https://www.nasdaq.com/articles/making-money-range-bound-stock-know-your-options-2014-04-10
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nan
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nan
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Picking a stock that will trade within a broad range (either up, down, or sideways) to make money is easier than picking a stock that MUST go up or down in order to make money.
And the strategy to do that is an iron condor.
Whether you trade options regularly or not, you've probably heard of that strategy. Although, I'll bet the majority aren't quite sure what it is or how to set it up.
And we're going to clear that up today.
Definition
The iron condor is classified as a neutral strategy.
For instance, a bullish strategy, of course, means you're expecting the market to go up.
A bearish strategy has you expecting the market to go down.
But with this strategy, instead of picking a direction, you're defining a range. In other words, the price can go up by a certain amount, or down by a certain amount, or trade sideways. And any one of those three scenarios would result in the same exact maximum profitability.
This is considered a low risk, high probability trade.
The iron condor is usually put on as a credit, meaning you'll be a net collector of premium. And there are four parts to this trade.
Set up
The best way to explain it is to go over an actual trade I put on and I'm still holding. The one I'm going to illustrate was done on Deckers Outdoor ( DECK ). And I put this on back in January (Jan. 24th to be exact).
So here's what I did:
• Bought to open 1 June 2014 100.00 call at 2.47 (or $247 debit)
• Sold to open 1 June 2014 90.00 call at 4.32 (or $432 credit)
And...
• Sold to open 1 June 2014 60.00 put at 3.50 (or $350 credit)
• Bought to open 1 June 2014 50.00 put at 1.42 (or $142 debit)
Essentially, an Iron Condor is comprised of two credit spreads (one on the call side and one on the put side). We received a net credit of $185 on the call side, and we received a net credit of $208 on the put side, for a combined net credit of $393.
So the maximum profit on this kind of trade will always be your credit. And in this example, it's $393. And we'll see that as long as Deckers, at expiration (which is the third Friday in June), stays between $90 on the upside and $60 on the downside.
When we put this on, Deckers was trading smack dab in the middle of its range at $75. So that meant I had a cushion of $15 (or 20%) on either side of my entry. Since then, it's been all over the place within that broad range and it's currently trading just over $79, which is still pretty close to the middle of its range.
But in short, that meant it could go up 20%, or down 20%, or do nothing, and I'd still make the same amount of money.
That's pretty cool.
The maximum loss for this one would be $607. That would be seen if DECK closed above its outer strikes that I bought. In this case that means $100 on the upside and $50 on the downside.
However, condors move slowly. So you'd have to see a huge move to lose, and you'd have to ride that all the way to the end of expiration for that to happen.
The preferred way to trade it is to close it out once it goes through your inner strikes, regardless of how much time you have left. In fact, the more time you have left, the lesser your potential loss could be. So that's one way to minimize your risk.
The other tip is to consider pulling your profit if it gets too close to your inner strikes. You won't get all of your max gains. But, if you can get 50% or 60% or more on the trade (although, any kind of gain is better than a loss), that's not so bad, especially for a trade where you don't have to guess correctly on a direction, but instead just hit a broad range.
Gain and Loss Examples
For a winning example, let's say, at expiration, DECK closes up at $90, right at the top end of the range. That means:
• The 100 call that I paid $247 for would expire at $0 for a loss of -$247.
• The 90 call that I collected $432 for would also expire at $0, meaning I kept the entire $432.
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• So that's a net gain of $185.
On the put side:
• The 60 put that I collected $350 for would expire at $0, meaning I kept the entire $350.
• The 50 put that I paid $142 for would also expire at $0, for a loss of -$142.
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• So that's a net gain of $208.
• Add both sides up, and that's a $393 gain.
Whether it closed at the high end of that range, the low end of the range, or in the middle of the range, as long as it was within that range (between $60 and $90), the outcome would be the same.
But once you closed beyond the farther out strikes that you bought, then you've generated your maximum loss, which is the difference between the largest spread you have on and your maximum credit.
For this trade, the largest spread we have on either side is a $10 spread. (90 to 100 and 60 to 50). One $10 spread is equivalent to a $1,000 risk. Subtract your total credit and that's your max risk.
For a losing example, let's say at expiration, DECK closed lower at $49; just outside of the outer range. That means:
• The 100 call that I paid $247 for would expire at $0 for a loss of -$247.
• The 90 call that I collected $432 on would also expire at $0, meaning I kept the entire $432.
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• So that's a net gain of $185.
On the put side:
• The 60 put that I collected $350 on, is now in-the-money, and would be worth $1,100, meaning I lost -$750.
• The 50 put that I paid $142 for, is also in-the-money, but is only worth $100, which means I lost -$42.
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• So that's a net loss on this side of -$792.
• Total loss = -$607 ($185 gain less -$792 loss = -$607 net).
DECK could go to zero, or infinity, and the loss would still be limited, and the same.
So with this trade, you can place non-directional bets on a stock, and make money as long as it stays within your determined range.
To increase your probability of success, you want to establish a wide enough range. And since your profit is limited to the credit you collect, you want to put this on for as large of a credit as possible.
Here's a chart showing the range I want DECK to stay within by June 20th, which is the last trading day for June options:
Take note, in this example, the max gain is $392, while the max potential loss is $607. You can put on a condor for a 1 to 1 risk to reward ratio, or closer to a 1.5 to 1 risk to reward ratio, like this one.
The key is to get a big enough credit, while also keeping your range as large as possible. And you'll have to have a wide enough spread between your short and long strikes too, in order to collect enough money. That's one of the reasons why I will generally screen for higher-priced stocks since the options premiums are usually worth more.
Typically, when placing a directional trade, I'd like my potential reward to be 3 to 1 or better. But there's only one way to win on those kinds of trades.
In this instance, since there are 3 ways to profit (up, down or sideways), the lower reward to risk ratio is made up for the higher probability of winning. (Having three ways to win is better than having only one way to win.)
To put the odds in your favor even more, try and make sure your inner strikes are at least one full standard deviation away from the price. That means you'll have a 68% chance or more of seeing your stock trade within that profit range, which means a 68% chance or more of seeing your trade come out a winner.
Want to apply these and other winning option strategies to your trading? Then be sure to check to check out our Zacks Options Trader service.
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.
DECKERS OUTDOOR (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): Free Stock Analysis Report To read this article on Zacks.com click here. The one I'm going to illustrate was done on Deckers Outdoor ( DECK ). And we'll see that as long as Deckers, at expiration (which is the third Friday in June), stays between $90 on the upside and $60 on the downside.
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The one I'm going to illustrate was done on Deckers Outdoor ( DECK ). And we'll see that as long as Deckers, at expiration (which is the third Friday in June), stays between $90 on the upside and $60 on the downside. When we put this on, Deckers was trading smack dab in the middle of its range at $75.
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The one I'm going to illustrate was done on Deckers Outdoor ( DECK ). And we'll see that as long as Deckers, at expiration (which is the third Friday in June), stays between $90 on the upside and $60 on the downside. When we put this on, Deckers was trading smack dab in the middle of its range at $75.
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Gain and Loss Examples For a winning example, let's say, at expiration, DECK closes up at $90, right at the top end of the range. The one I'm going to illustrate was done on Deckers Outdoor ( DECK ). And we'll see that as long as Deckers, at expiration (which is the third Friday in June), stays between $90 on the upside and $60 on the downside.
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45333915-0b46-4201-b277-f652729c9d86
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724679.0
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2014-03-27 00:00:00 UTC
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Wolverine World Wide, Inc. (WWW) Ex-Dividend Date Scheduled for March 28, 2014
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DECK
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https://www.nasdaq.com/articles/wolverine-world-wide-inc-www-ex-dividend-date-scheduled-march-28-2014-2014-03-27
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nan
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nan
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Wolverine World Wide, Inc. ( WWW ) will begin trading ex-dividend on March 28, 2014. A cash dividend payment of $0.06 per share is scheduled to be paid on May 01, 2014. Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -50% decrease from the same period a year ago.
The previous trading day's last sale of WWW was $28.04, representing a -17.77% decrease from the 52 week high of $34.10 and a 30.94% increase over the 52 week low of $21.42.
WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). WWW's current earnings per share, an indicator of a company's profitability, is $1. Zacks Investment Research reports WWW's forecasted earnings growth in 2014 as 11.28%, compared to an industry average of 14.5%.
For more information on the declaration, record and payment dates, visit the WWW Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to WWW through an Exchange Traded Fund [ETF]?
The following ETF(s) have WWW as a top-10 holding:
PowerShares S&P SmallCap Consumer Discretionary Portfolio ( PSCD ).
The top-performing ETF of this group is PSCD with an increase of 4.21% over the last 100 days. It also has the highest percent weighting of WWW at 2.76%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports WWW's forecasted earnings growth in 2014 as 11.28%, compared to an industry average of 14.5%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of WWW was $28.04, representing a -17.77% decrease from the 52 week high of $34.10 and a 30.94% increase over the 52 week low of $21.42.
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WWW is a part of the Consumer Non-Durables sector, which includes companies such as Nike, Inc. ( NKE ) and Deckers Outdoor Corporation ( DECK ). A cash dividend payment of $0.06 per share is scheduled to be paid on May 01, 2014. Shareholders who purchased WWW stock prior to the ex-dividend date are eligible for the cash dividend payment.
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e29ec3e5-3862-488f-ac0b-c65e53878752
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724680.0
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2014-03-03 00:00:00 UTC
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Deckers Outdoor Corporation (DECK): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report
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DECK
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https://www.nasdaq.com/articles/deckers-outdoor-corporation-deck-new-analyst-report-zacks-equity-research-zacks-equity
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nan
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nan
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Summary:
We believe that product innovation, cost containment, store augmentation and strong focus on profitable markets have facilitated Deckers to keep afloat in this soft economic environment. This is well evident from the company's better-than-expected second-quarter fiscal 2015 results thanks to strong demand for UGG, Teva, Sanuk and HOKA brands. We believe expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation augurs well for Deckers to sustain its growth momentum. Management now projects a 15% growth in total revenue and a 15.8% rise in earnings per share for fiscal 2015. However, Deckers' forecast of earnings per share of $4.46 for the third quarter came below analysts' expectation that triggered a downward revision in the Zacks Consensus Estimate. Consequently, we adopt a Neutral view on the stock for the time being.
Overview:
Founded in 1973 and headquartered in Goleta, Calif., Deckers Outdoor Corporation (DECK) is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. The company offers footwear that is distinctive and appeals broadly to men, women and children. These includes casual open and closed-toe outdoor footwear, as well as outdoor performance footwear, including multi-sport shoes, light hiking shoes, amphibious footwear, and rugged outdoor travel shoes and sheepskin footwear, and sandals under various styles.
Its products are sold through specialty domestic retailers, international distributors and directly to end-users through its websites and catalogs. The company's products are sold under UGG, Teva, and under Other brands. The UGG brand comprises authentic luxury sheepskin boots and a full line of luxury and comfort footwear and accessories Teva includes high performance sport shoes and rugged outdoor footwear and Other brands includes TSUBO, a line of high-end casual footwear Ahnu, a line of outdoor performance and lifestyle footwear MOZO, a line of footwear, which is a combination of running shoe technology with work shoe toughness, HOKA ONE ONE brand.
On July 1, 2011, Deckers completed the buyout of the Sanuk, an action sport footwear brand, with an initial payment of $120 million in cash.
Deckers has changed its fiscal year from Dec 31 to Mar 31. Also, the company has transferred its listing from Nasdaq to NYSE and has begun trading on NYSE from May 5, 2014 under the symbol DECK.
Deckers Outdoor Corporation (DECK): Read the Full Research Report
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DECKERS OUTDOOR (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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Summary: We believe that product innovation, cost containment, store augmentation and strong focus on profitable markets have facilitated Deckers to keep afloat in this soft economic environment. We believe expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation augurs well for Deckers to sustain its growth momentum. However, Deckers' forecast of earnings per share of $4.46 for the third quarter came below analysts' expectation that triggered a downward revision in the Zacks Consensus Estimate.
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Deckers Outdoor Corporation (DECK): Read the Full Research Report Want the latest recommendations from Zacks Investment Research? Summary: We believe that product innovation, cost containment, store augmentation and strong focus on profitable markets have facilitated Deckers to keep afloat in this soft economic environment. We believe expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation augurs well for Deckers to sustain its growth momentum.
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Overview: Founded in 1973 and headquartered in Goleta, Calif., Deckers Outdoor Corporation (DECK) is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. Summary: We believe that product innovation, cost containment, store augmentation and strong focus on profitable markets have facilitated Deckers to keep afloat in this soft economic environment. We believe expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation augurs well for Deckers to sustain its growth momentum.
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Summary: We believe that product innovation, cost containment, store augmentation and strong focus on profitable markets have facilitated Deckers to keep afloat in this soft economic environment. We believe expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation augurs well for Deckers to sustain its growth momentum. However, Deckers' forecast of earnings per share of $4.46 for the third quarter came below analysts' expectation that triggered a downward revision in the Zacks Consensus Estimate.
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a2ec8786-adf5-489c-9bdb-89872cd5ba8c
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724681.0
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2014-02-28 00:00:00 UTC
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Mid-Morning Market Update: Markets Rise; Pepco Posts Higher Profit
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DECK
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-rise-pepco-posts-higher-profit-2014-02-28
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nan
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nan
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Following the market opening Friday, the Dow traded up 0.51 percent to 16,355.94 while the NASDAQ gained 0.45 percent to 4,338.29. The S&P also rose, gaining 0.50 percent to 1,863.48.
Leading and Lagging Sectors In trading on Friday, non-cyclical consumer goods & services shares were relative leaders, up on the day by about 0.60 percent. Leading the sector was strength from H&E Equipment Services (NASDAQ: HEES ) and Monster Beverage (NASDAQ: MNST ).
Basic materials sector gained 0.03 percent the US market today. Among the sector stocks, Companhia Siderurgica Nacional (NYSE: SID ) was down more than 4.8 percent, while Braskem SA (NYSE: BAK ) tumbled around 2.7 percent.
Top Headline Pepco Holdings (NYSE: POM ) reported a 35% rise in its fourth-quarter profit. For the year, Pepco projects earnings of $1.12 to $1.27 per share, versus analysts' estimates of $1.22 per share. Pepco's quarterly earnings surged to $58 million, or $0.23 per share, versus a year-ago profit of $43 million, or $0.18 per share. Excluding one -time items, its earnings from continuing operations came in at $0.24 per share. Its total operating revenue climbed 3.3% to $1.09 billion. However, analysts were expecting earnings of $0.21 per share on revenue of $1.11 billion.
Equities Trading UP Youku Tudou (NYSE: YOKU ) shot up 15.72 percent to $35.71 after the company reported upbeat Q4 results.
Shares of OmniVision Technologies (NASDAQ: OVTI ) got a boost, shooting up 10.77 percent to $17.94 after the company posted better-than-expected Q3 results.
58.com (NYSE: WUBA ) was also up, gaining 13.17 percent to $47.52 on Q4 results.
Equities Trading DOWN Shares of Endologix (NASDAQ: ELGX ) were down 24.43 percent to $13.50 on lowered guidance, analyst downgrades. Oppenheimer downgraded the stock from Outperform to Market Perform and cut the price target from $20.00 to $16.00.
Deckers Outdoor (NASDAQ: DECK ) shares tumbled 14.13 percent to $72.71 after the company expected a Q1 loss of $0.16 per share. Analysts at Jefferies downgraded the stock from Buy to Hold and lowered the price target from $100 to $75.
KBR (NYSE: KBR ) was down, falling 13.12 percent to $27.75 after the company reported fourth-quarter results and announced a new $350 million share buyback program. BB&T Capital downgraded the stock from Buy to Hold.
Commodities In commodity news, oil traded down 0.52 percent to $101.87, while gold traded down 0.10 percent to $1,330.50.
Silver traded down 0.06 percent Friday to $21.34, while copper fell 0.08 percent to $3.20.
Eurozone European shares were mostly lower today.
The Spanish Ibex Index fell 1.13 percent, while Italy's FTSE MIB Index fell 0.16 percent. Meanwhile, the German DAX rose 0.23 percent and the French CAC 40 dropped 0.12 percent while U.K. shares declined 0.05 percent.
Economics The US economy grew at an annual pace of 2.4% in the fourth quarter, versus a prior reading of 3.2%.
However, economists were expecting a growth of 2.5%.
The Chicago PMI rose to 59.80 in February, versus a prior reading of 59.60. However, economists were expecting a reading of 56.40.
The final reading of the Reuter's/University of Michigan's consumer sentiment index rose to 81.60 in February, versus a prior reading of 81.20. However, economists were expecting a reading of 81.20.
The pending home sales index rose 0.1% in January, versus economists' expectations for a 1.8% gain.
Data on farm prices will be released at 3:00 p.m. ET.
(c) 2014 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 (NASDAQ: DECK ) shares tumbled 14.13 percent to $72.71 after the company expected a Q1 loss of $0.16 per share. Leading and Lagging Sectors In trading on Friday, non-cyclical consumer goods & services shares were relative leaders, up on the day by about 0.60 percent. Equities Trading UP Youku Tudou (NYSE: YOKU ) shot up 15.72 percent to $35.71 after the company reported upbeat Q4 results.
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Deckers Outdoor (NASDAQ: DECK ) shares tumbled 14.13 percent to $72.71 after the company expected a Q1 loss of $0.16 per share. Pepco's quarterly earnings surged to $58 million, or $0.23 per share, versus a year-ago profit of $43 million, or $0.18 per share. KBR (NYSE: KBR ) was down, falling 13.12 percent to $27.75 after the company reported fourth-quarter results and announced a new $350 million share buyback program.
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Deckers Outdoor (NASDAQ: DECK ) shares tumbled 14.13 percent to $72.71 after the company expected a Q1 loss of $0.16 per share. Following the market opening Friday, the Dow traded up 0.51 percent to 16,355.94 while the NASDAQ gained 0.45 percent to 4,338.29. Meanwhile, the German DAX rose 0.23 percent and the French CAC 40 dropped 0.12 percent while U.K. shares declined 0.05 percent.
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Deckers Outdoor (NASDAQ: DECK ) shares tumbled 14.13 percent to $72.71 after the company expected a Q1 loss of $0.16 per share. Following the market opening Friday, the Dow traded up 0.51 percent to 16,355.94 while the NASDAQ gained 0.45 percent to 4,338.29. However, analysts were expecting earnings of $0.21 per share on revenue of $1.11 billion.
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2014-02-28 00:00:00 UTC
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Deckers' Earnings Beat Expectations - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-earnings-beat-expectations-analyst-blog-2014-02-28
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nan
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Deckers Outdoor Corporation ( DECK ) posted fourth-quarter 2013 earnings of $4.04 per share that surpassed the Zacks Consensus Estimate of $3.81, and surged 45.8% from $2.77 earned in the prior-year quarter. Expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation contributed to bottom-line growth.
Despite sturdy results, shares of this Goleta, California based company tumbled approximately 13.8% during aftermarket trading hours yesterday, as management projected loss for the first quarter of 2014 that surprised investors, since analysts were expecting profit per share.
Deckers' total net sales jumped 19.2% year over year to $736 million and came ahead of the Zacks Consensus Estimate of $708 million.
During the quarter, the company's domestic sales grew 14.3% year over year to $510.7 million, while international sales increased 32.1% to $225.3 million. Direct-to-Consumer comparable sales, comprising worldwide retail comparable-store sales and e-Commerce sales, rose 19%.
Rising sheepskin costs has always been a concern for Deckers. In order to safeguard against rising sheepskin costs and other raw materials, the company has undertaken certain long-term programs, which include increasing the mix of non-sheepskin merchandises, new casual footwear materials less prone to the weather, and innovative production technologies. Also, Deckers has developed a new material namely UGG Pure to safeguard against cost fluctuations.
The company is also targeting other profitable markets, and remains focused on product introductions, store augmentation along with geographic expansion. Management is eyeing opportunities for store expansion in Asia, mainly Japan and China.
Segment Discussion
UGG brand net sales rose 18.1% to $690.9 million, primarily due to sales generation from new retail outlets and comparable-store sales growth, rise in global e-Commerce sales, and increase in domestic and international wholesale sales.
Teva brand net sales showed an increase of 13.6% to $15.5 million, reflecting a rise in domestic and international wholesale sales and international distributor sales.
Sales for the Sanuk brand, known for its exclusive sandals and shoes, were $22.2 million, up 45.2% from the year-ago quarter, reflecting increased domestic wholesale sales and higher international distributor sales.
Combined net sales of Deckers' Other brands for the quarter were $7.4 million that surged 110.1% year over year on the back of HOKA ONE ONE brand and Ahnu brand.
Retail Stores sales ascended 31.4% to $178 million, propelled by the opening of 40 new stores after fourth-quarter 2012 and comparable-store sales growth of 6.1%. Deckers witnessed comps growth in the mid-single digit in China, a double-digit increase in Japan, and low single-digit rise in the U.S. and European region.
e-Commerce sales surged 33.9% to $117.3 million, reflecting robust demand of the UGG brand globally, higher domestic sales of Sanuk brand and the inclusion of new international eCommerce websites.
Gross profit climbed 31.5% to $376.2 million from the comparable prior-year quarter, whereas gross margin expanded 480 basis points to 51.1% due to a decline in product costs on account of fall in sheepskin prices. Deckers reported operating income of $201.5 million, up 39.8% from the prior-year period, whereas operating margin increased 410 basis points to 27.4%.
Stores Update
Deckers plans to open 25 stores during 2014. The company currently operates 117 company-owned retail stores, of which 113 are UGG brand stores and the remaining is a mix of Sanuk and Teva brands. The company in the long run remains optimistic of achieving the target of 200 stores.
Other Financial Aspects
Deckers ended the quarter with cash and cash equivalents of $237.1 million, up significantly from $110.2 million in the prior-year quarter. Shareholders' equity was $888.1 million at the end of the quarter. Inventories declined 13.1% year over year to $260.8 million.
Management anticipates capital expenditures of $90 million for 2014. During 2013, the company made capital expenditures of $83.5 million.
2014 Guidance
This Zacks Rank #2 (Buy) stock now projects total revenue growth of 10% for 2014, anticipating an increase of 9% in UGG brand, 5% in Teva brand, 10% in Sanuk brand and sales worth $65 million from other brands. Management now envisions an 8% rise in 2014 earnings per share.
Deckers for the first quarter of 2014 forecasts 6% revenue growth but anticipate a loss of 16 cents a share.
The current Zacks Consensus Estimate for the first quarter and 2014 are 11 cents and $4.79 per share, respectively, and could witness revisions in the coming days.
Other Stocks to Consider
Besides Deckers, other stocks worth considering include Iconix Brand Group, Inc. ( ICON ) carrying a Zacks Rank #1 (Strong Buy) and Francesca's Holdings Corporation ( FRAN ) and Skechers USA Inc. ( SKX ) sporting a Zacks Rank #2 (Buy).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FRANCESCAS HLDG (FRAN): Free Stock Analysis Report
ICONIX BRAND GP (ICON): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers witnessed comps growth in the mid-single digit in China, a double-digit increase in Japan, and low single-digit rise in the U.S. and European region. Deckers Outdoor Corporation ( DECK ) posted fourth-quarter 2013 earnings of $4.04 per share that surpassed the Zacks Consensus Estimate of $3.81, and surged 45.8% from $2.77 earned in the prior-year quarter. Deckers' total net sales jumped 19.2% year over year to $736 million and came ahead of the Zacks Consensus Estimate of $708 million.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation ( DECK ) posted fourth-quarter 2013 earnings of $4.04 per share that surpassed the Zacks Consensus Estimate of $3.81, and surged 45.8% from $2.77 earned in the prior-year quarter. Deckers' total net sales jumped 19.2% year over year to $736 million and came ahead of the Zacks Consensus Estimate of $708 million.
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Deckers Outdoor Corporation ( DECK ) posted fourth-quarter 2013 earnings of $4.04 per share that surpassed the Zacks Consensus Estimate of $3.81, and surged 45.8% from $2.77 earned in the prior-year quarter. Deckers' total net sales jumped 19.2% year over year to $736 million and came ahead of the Zacks Consensus Estimate of $708 million. Rising sheepskin costs has always been a concern for Deckers.
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Deckers Outdoor Corporation ( DECK ) posted fourth-quarter 2013 earnings of $4.04 per share that surpassed the Zacks Consensus Estimate of $3.81, and surged 45.8% from $2.77 earned in the prior-year quarter. Deckers' total net sales jumped 19.2% year over year to $736 million and came ahead of the Zacks Consensus Estimate of $708 million. Rising sheepskin costs has always been a concern for Deckers.
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724683.0
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2014-02-28 00:00:00 UTC
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Chico's Falls on Q4 Earnings Miss - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/chicos-falls-on-q4-earnings-miss-analyst-blog-2014-02-28
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nan
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nan
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Shares of Fort Myers, Florida-based specialty retailer, Chico's FAS, Inc. ( CHS ) fell 8.5% yesterday after the company posted disappointing fourth-quarter and fiscal 2013 results. The company's adjusted earnings per share of 4 cents and 85 cents for the fourth quarter and fiscal 2013 respectively fell 80% and 22% from the year-ago comparable periods.
Moreover, the company's bottom-line results for the fourth quarter and fiscal 2013 came below the Zacks Consensus Estimate of 16 cents and 97 cents per share, respectively. The year-over-year decline in bottom results was mainly due to lower sales and higher operating expenses.
Adjusted earnings for fourth-quarter fiscal 2013 did not include tax charges related to non-cash goodwill impairment charge of Boston Proper while for fourth-quarter fiscal 2012, non-recurring acquisition and integration costs were excluded.
After incorporating these charges, the company reported break-even earnings for the fourth quarter of fiscal 2013 against 19 cents per share reported in the fourth quarter of fiscal 2012. For fiscal 2013, on a reported basis, the company posted earnings per share of 41 cents versus $1.08 in fiscal 2012.
Net sales decreased 6.4% year over year to $610.2 million in the quarter and lagged the Zacks Consensus Estimate of $655.0 million. The top line in the quarter was negatively impacted by cautious consumer spending behavior and unfavorable weather conditions.
Net sales during fiscal 2013 improved marginally to $2,586.0 million from $2,581.1 million in fiscal 2012. However, fiscal 2013 sales remain below the Zacks Consensus Estimate of $2,630.0 million.
Quarter in Detail
Comparable store sales (comps) in the quarter fell 3.4% against a 3.7% increase reported in the year-ago quarter, reflecting decreased traffic as well as lower average dollar sale and transaction count.
In the reported quarter, Chico's/Soma Intimates comps declined 1.5% as against a 2.3% rise last year. White House | Black Market (WHBM) brands' same-store sales fell 6.6% compared with a 6.3% rise last year.
Gross profit declined 10.7% to $309.6 million in the reported quarter, while gross margin contracted 250 basis points (bps) from the year-ago quarter to 50.7%. The decline in gross margin was primarily due to increased promotion to drive traffic to stores, slightly offset by lower incentives as a percentage of sales.
Selling, general and administrative (SG&A) expenses in the reported quarter were $302.4 million, up 3.7% from the year-ago level. As a percentage of sales, SG&A expenses expanded 410 bps from the prior-year quarter to 49.5%, primarily due to increased occupancy expenses, along with the effect of investing in strategic initiatives. These were offset by lower incentive expenses as a percentage of net sales.
Operating income was roughly $7.3 million, compared with an operating income of $48.8 million in the year-ago quarter. The decline was primarily due to increased selling, general and administrative expenses, along with lower gross profit. Consequently, operating margin contracted 630 bps to 1.2% from 7.5% in the year-ago quarter.
Financial Update
Chico's ended the fiscal with cash and marketable securities of $152.4 million, compared with $329.4 million in the year ago quarter and shareholders' equity of $909.1 million.
The company spent $125.0 million during the quarter to buy back 6.7 million shares under its $300 million share repurchase program that was authorized in Feb 2013. In Dec 2013, the company's board of directors approved a $300 million share repurchase program, which has remained entirely available.
In a separate press release, Chico's revealed that its board has approved a quarterly cash dividend of 7.5 cents per share payable on Mar 31 to shareholders of record on Mar 17.
Store Update
During the quarter, this retailer of women's clothing and accessories opened 12 outlets and closed 10, taking the total store count to 1,472.
Other Stocks to Consider
Currently, Chico's carries a Zacks Rank #3 (Hold). However, some better-ranked apparel/shoe retailers include Francesca's Holdings Corp. ( FRAN ), Skechers USA Inc. ( SKX ) and Deckers Outdoor Corp. ( DECK ), all of which have a Zacks Rank #2 (Buy).
CHICOS FAS INC (CHS): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FRANCESCAS HLDG (FRAN): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, some better-ranked apparel/shoe retailers include Francesca's Holdings Corp. ( FRAN ), Skechers USA Inc. ( SKX ) and Deckers Outdoor Corp. ( DECK ), all of which have a Zacks Rank #2 (Buy). CHICOS FAS INC (CHS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Fort Myers, Florida-based specialty retailer, Chico's FAS, Inc. ( CHS ) fell 8.5% yesterday after the company posted disappointing fourth-quarter and fiscal 2013 results.
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CHICOS FAS INC (CHS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. However, some better-ranked apparel/shoe retailers include Francesca's Holdings Corp. ( FRAN ), Skechers USA Inc. ( SKX ) and Deckers Outdoor Corp. ( DECK ), all of which have a Zacks Rank #2 (Buy). Quarter in Detail Comparable store sales (comps) in the quarter fell 3.4% against a 3.7% increase reported in the year-ago quarter, reflecting decreased traffic as well as lower average dollar sale and transaction count.
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However, some better-ranked apparel/shoe retailers include Francesca's Holdings Corp. ( FRAN ), Skechers USA Inc. ( SKX ) and Deckers Outdoor Corp. ( DECK ), all of which have a Zacks Rank #2 (Buy). CHICOS FAS INC (CHS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. After incorporating these charges, the company reported break-even earnings for the fourth quarter of fiscal 2013 against 19 cents per share reported in the fourth quarter of fiscal 2012.
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However, some better-ranked apparel/shoe retailers include Francesca's Holdings Corp. ( FRAN ), Skechers USA Inc. ( SKX ) and Deckers Outdoor Corp. ( DECK ), all of which have a Zacks Rank #2 (Buy). CHICOS FAS INC (CHS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. The company's adjusted earnings per share of 4 cents and 85 cents for the fourth quarter and fiscal 2013 respectively fell 80% and 22% from the year-ago comparable periods.
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2014-02-28 00:00:00 UTC
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Pre-Market Most Active for Feb 28, 2014 : VZ, VOD, JCP, DPM, DDD, ARIA, ALU, MDVN, BAC, FB, DECK, CGEN
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DECK
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https://www.nasdaq.com/articles/pre-market-most-active-feb-28-2014-vz-vod-jcp-dpm-ddd-aria-alu-mdvn-bac-fb-deck-cgen-2014
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The NASDAQ 100 Pre-Market Indicator is up .88 to 3,700.68. The total Pre-Market volume is currently 7,074,658 shares traded.
The following are the most active stocks for the pre-market session :
Verizon Communications Inc. ( VZ ) is -0.05 at $47.45, with 3,121,847 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014. The consensus EPS forecast is $0.84. As reported by Zacks, the current mean recommendation for VZ is in the "buy range".
Vodafone Group Plc ( VOD ) is +0.47 at $41.73, with 1,226,997 shares traded. VOD's current last sale is 65.04% of the target price of $64.161.
J.C. Penney Company, Inc. Holding Company ( JCP ) is +0.2 at $7.67, with 980,671 shares traded. JCP's current last sale is 127.83% of the target price of $6.
DCP Midstream Partners, LP ( DPM ) is -0.13 at $48.77, with 362,332 shares traded. As reported in the last short interest update the days to cover for DPM is 7.431522; this calculation is based on the average trading volume of the stock.
3D Systems Corporation ( DDD ) is +2.14 at $76.80, with 336,232 shares traded. RTT News Reports: 3D Systems Q4 Non-GAAP EPS Matches View - Quick Facts
ARIAD Pharmaceuticals, Inc. ( ARIA ) is +0.16 at $9.15, with 316,131 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2014. The consensus EPS forecast is $-0.2. ARIA's current last sale is 101.67% of the target price of $9.
Alcatel Lucent ( ALU ) is +0.07 at $4.30, with 255,872 shares traded.ALU is scheduled to provide an earnings report on 3/6/2014, for the fiscal quarter ending Dec2013. The consensus earnings per share forecast is 0.01 per share, which represents a 2 percent increase over the EPS one Year Ago
Medivation, Inc. ( MDVN ) is -9.76 at $74.76, with 242,594 shares traded. As reported by Zacks, the current mean recommendation for MDVN is in the "buy range".
Bank of America Corporation ( BAC ) is -0.01 at $16.48, with 227,182 shares traded. BAC's current last sale is 91.56% of the target price of $18.
Facebook, Inc. ( FB ) is +0.44 at $69.38, with 201,650 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014. The consensus EPS forecast is $0.17. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Deckers Outdoor Corporation ( DECK ) is -10.14 at $74.53, with 113,417 shares traded. As reported by Zacks, the current mean recommendation for DECK is in the "buy range".
Compugen Ltd. ( CGEN ) is -1.7 at $12.50, with 108,132 shares traded., following a 52-week high recorded in prior regular session.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 -10.14 at $74.53, with 113,417 shares traded. As reported by Zacks, the current mean recommendation for DECK is in the "buy range". As reported in the last short interest update the days to cover for DPM is 7.431522; this calculation is based on the average trading volume of the stock.
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Deckers Outdoor Corporation ( DECK ) is -10.14 at $74.53, with 113,417 shares traded. As reported by Zacks, the current mean recommendation for DECK is in the "buy range". The total Pre-Market volume is currently 7,074,658 shares traded.
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Deckers Outdoor Corporation ( DECK ) is -10.14 at $74.53, with 113,417 shares traded. As reported by Zacks, the current mean recommendation for DECK is in the "buy range". RTT News Reports: 3D Systems Q4 Non-GAAP EPS Matches View - Quick Facts ARIAD Pharmaceuticals, Inc. ( ARIA ) is +0.16 at $9.15, with 316,131 shares traded.
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Deckers Outdoor Corporation ( DECK ) is -10.14 at $74.53, with 113,417 shares traded. As reported by Zacks, the current mean recommendation for DECK is in the "buy range". The following are the most active stocks for the pre-market session : Verizon Communications Inc. ( VZ ) is -0.05 at $47.45, with 3,121,847 shares traded.
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2014-02-28 00:00:00 UTC
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Mid-Day Market Update: Dow Surges Over 100 Points; Deckers Shares Slip After Disappointing Outlook
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DECK
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https://www.nasdaq.com/articles/mid-day-market-update-dow-surges-over-100-points-deckers-shares-slip-after-disappointing
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Midway through trading Friday, the Dow traded up 0.70 percent to 16,386.76 while the NASDAQ surged 0.44 percent to 4,338.01. The S&P also rose, gaining 0.69 percent to 1,867.06.
Leading and Lagging Sectors In trading on Friday, industrials shares were relative leaders, up on the day by about 0.71 percent. Leading the sector was strength from Maxwell Technologies (NASDAQ: MXWL ) and The Standard Register Company (NYSE: SR ).
Telecommunications services sector gained 0.12 percent in the US market today. Among the sector stocks, Iridium Communications (NASDAQ: IRDM ) was down more than 4.5 percent, while America Movil S.A.B. de C.V. (NYSE: AMX ) tumbled around 2.3 percent.
Top Headline Pepco Holdings (NYSE: POM ) reported a 35% rise in its fourth-quarter profit. For the year, Pepco projects earnings of $1.12 to $1.27 per share, versus analysts' estimates of $1.22 per share. Pepco's quarterly earnings surged to $58 million, or $0.23 per share, versus a year-ago profit of $43 million, or $0.18 per share. Excluding one -time items, its earnings from continuing operations came in at $0.24 per share. Its total operating revenue climbed 3.3% to $1.09 billion. However, analysts were expecting earnings of $0.21 per share on revenue of $1.11 billion.
Equities Trading UP Central European Media Enterprises (NASDAQ: CETV ) shot up 74.54 percent to $4.73 after the company reported Q4 results.
Shares of OmniVision Technologies (NASDAQ: OVTI ) got a boost, shooting up 8.27 percent to $17.54 after the company posted better-than-expected Q3 results.
58.com (NYSE: WUBA ) was also up, gaining 13.48 percent to $47.65 on Q4 results.
Equities Trading DOWN Shares of Endologix (NASDAQ: ELGX ) were down 23.48 percent to $13.68 on lowered guidance, analyst downgrades. Oppenheimer downgraded the stock from Outperform to Market Perform and cut the price target from $20.00 to $16.00.
Deckers Outdoor (NASDAQ: DECK ) shares tumbled 13.61 percent to $73.15 after the company expected a Q1 loss of $0.16 per share. Analysts at Jefferies downgraded the stock from Buy to Hold and lowered the price target from $100 to $75.
KBR (NYSE: KBR ) was down, falling 14.68 percent to $27.25 after the company reported fourth-quarter results and announced a new $350 million share buyback program. BB&T Capital downgraded the stock from Buy to Hold.
Commodities In commodity news, oil traded up 0.10 percent to $102.50, while gold traded down 0.42 percent to $1,326.20.
Silver traded down 0.41 percent Friday to $21.27, while copper fell 0.34 percent to $3.19 .
Eurozone European shares were mostly higher today.
The Spanish Ibex Index fell 0.49 percent, while Italy's FTSE MIB Index surged 0.60 percent. Meanwhile, the German DAX rose 1.08 percent and the French CAC 40 climbed 0.27 percent while U.K. shares declined 0.01 percent.
Economics The US economy grew at an annual pace of 2.4% in the fourth quarter, versus a prior reading of 3.2%. However, economists were expecting a growth of 2.5%.
The Chicago PMI rose to 59.80 in February, versus a prior reading of 59.60. However, economists were expecting a reading of 56.40.
The final reading of the Reuter's/University of Michigan's consumer sentiment index rose to 81.60 in February, versus a prior reading of 81.20. However, economists were expecting a reading of 81.20.
The pending home sales index rose 0.1% in January, versus economists' expectations for a 1.8% gain.
Data on farm prices will be released at 3:00 p.m. ET.
(c) 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor (NASDAQ: DECK ) shares tumbled 13.61 percent to $73.15 after the company expected a Q1 loss of $0.16 per share. Leading the sector was strength from Maxwell Technologies (NASDAQ: MXWL ) and The Standard Register Company (NYSE: SR ). Equities Trading UP Central European Media Enterprises (NASDAQ: CETV ) shot up 74.54 percent to $4.73 after the company reported Q4 results.
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Deckers Outdoor (NASDAQ: DECK ) shares tumbled 13.61 percent to $73.15 after the company expected a Q1 loss of $0.16 per share. Pepco's quarterly earnings surged to $58 million, or $0.23 per share, versus a year-ago profit of $43 million, or $0.18 per share. Analysts at Jefferies downgraded the stock from Buy to Hold and lowered the price target from $100 to $75.
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Deckers Outdoor (NASDAQ: DECK ) shares tumbled 13.61 percent to $73.15 after the company expected a Q1 loss of $0.16 per share. Midway through trading Friday, the Dow traded up 0.70 percent to 16,386.76 while the NASDAQ surged 0.44 percent to 4,338.01. Meanwhile, the German DAX rose 1.08 percent and the French CAC 40 climbed 0.27 percent while U.K. shares declined 0.01 percent.
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Deckers Outdoor (NASDAQ: DECK ) shares tumbled 13.61 percent to $73.15 after the company expected a Q1 loss of $0.16 per share. Telecommunications services sector gained 0.12 percent in the US market today. However, analysts were expecting earnings of $0.21 per share on revenue of $1.11 billion.
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0ed4a4f9-b596-491b-b012-3738a3c0c319
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724686.0
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2014-02-28 00:00:00 UTC
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Mid-Afternoon Market Update: Markets Take a Sharp Dip to the Downside, as Traders Take Month-End Profits
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DECK
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https://www.nasdaq.com/articles/mid-afternoon-market-update-markets-take-sharp-dip-downside-traders-take-month-end-profits
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Toward the end of trading Friday, the Dow traded up 0.04 percent to 16,278.76 while the NASDAQ dropped 0.48 percent to 4,298.01. The S&P also rose, gaining 0.07 percent to 1,856.06.
Leading and Lagging Sectors Early in trading on Friday, industrials shares were relative leaders, up on the day by about 0.71 percent. Leading the sector was strength from Maxwell Technologies (NASDAQ: MXWL ) and The Standard Register Company (NYSE: SR ).
Telecommunications services sector gained 0.12 percent in the US market today. Among the sector stocks,Iridium Communications (NASDAQ: IRDM ) was down more than 4.5 percent, while America Movil S.A.B. de C.V. (NYSE: AMX ) tumbled around 2.3 percent.
Top Headline Pepco Holdings (NYSE: POM ) reported a 35% rise in its fourth-quarter profit. For the year, Pepco projects earnings of $1.12 to $1.27 per share, versus analysts' estimates of $1.22 per share. Pepco's quarterly earnings surged to $58 million, or $0.23 per share, versus a year-ago profit of $43 million, or $0.18 per share. Excluding one -time items, its earnings from continuing operations came in at $0.24 per share. Its total operating revenue climbed 3.3% to $1.09 billion. However, analysts were expecting earnings of $0.21 per share on revenue of $1.11 billion.
Equities Trading UP Central European Media Enterprises (NASDAQ: CETV ) shot up 73.07 percent to $4.69 after the company reported Q4 results.
Shares of OmniVision Technologies (NASDAQ: OVTI ) got a boost, shooting up 7.22 percent to $17.38 after the company posted better-than-expected Q3 results.
Dril-Quip (NYSE: DRQ ) was also on the rise, gaining 12.27 percent to $107.68 after the company's fourth quarter report impressed the street.
Equities Trading DOWN Shares of Endologix (NASDAQ: ELGX ) were down 24.85 percent to $13.43 on lowered guidance, analyst downgrades. Oppenheimer downgraded the stock from Outperform to Market Perform and cut the price target from $20.00 to $16.00.
Deckers Outdoor (NASDAQ: DECK ) shares tumbled 13.30 percent to $73.65 after the company expected a Q1 loss of $0.16 per share. Analysts at Jefferies downgraded the stock from Buy to Hold and lowered the price target from $100 to $75.
Halozyme Therapeutics (NASDAQ: HALO ) was also down, falling 13.11 percent to $13.91 after the company's wider than expected loss disappointed the street Friday morning.
Commodities In commodity news, oil traded up 0.15 percent to $102.55, while gold traded down 0.35 percent to $1,327.20.
Silver traded down 0.23 percent Friday to $21.23, while copper fell 0.81 percent to $3.19 .
Eurozone European shares were mostly higher today.
The Spanish Ibex Index fell 0.49 percent, while Italy's FTSE MIB Index surged 0.60 percent.
Meanwhile, the German DAX rose 1.08 percent and the French CAC 40 climbed 0.27 percent while U.K. shares declined 0.01 percent.
Economics The US economy grew at an annual pace of 2.4% in the fourth quarter, versus a prior reading of 3.2%. However, economists were expecting a growth of 2.5%.
The Chicago PMI rose to 59.80 in February, versus a prior reading of 59.60. However, economists were expecting a reading of 56.40.
The final reading of the Reuter's/University of Michigan's consumer sentiment index rose to 81.60 in February, versus a prior reading of 81.20. However, economists were expecting a reading of 81.20.
The pending home sales index rose 0.1% in January, versus economists' expectations for a 1.8% gain.
Data on farm prices will be released at 3:00 p.m. ET.
(c) 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor (NASDAQ: DECK ) shares tumbled 13.30 percent to $73.65 after the company expected a Q1 loss of $0.16 per share. Equities Trading UP Central European Media Enterprises (NASDAQ: CETV ) shot up 73.07 percent to $4.69 after the company reported Q4 results. Shares of OmniVision Technologies (NASDAQ: OVTI ) got a boost, shooting up 7.22 percent to $17.38 after the company posted better-than-expected Q3 results.
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Deckers Outdoor (NASDAQ: DECK ) shares tumbled 13.30 percent to $73.65 after the company expected a Q1 loss of $0.16 per share. Pepco's quarterly earnings surged to $58 million, or $0.23 per share, versus a year-ago profit of $43 million, or $0.18 per share. Dril-Quip (NYSE: DRQ ) was also on the rise, gaining 12.27 percent to $107.68 after the company's fourth quarter report impressed the street.
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Deckers Outdoor (NASDAQ: DECK ) shares tumbled 13.30 percent to $73.65 after the company expected a Q1 loss of $0.16 per share. Toward the end of trading Friday, the Dow traded up 0.04 percent to 16,278.76 while the NASDAQ dropped 0.48 percent to 4,298.01. Meanwhile, the German DAX rose 1.08 percent and the French CAC 40 climbed 0.27 percent while U.K. shares declined 0.01 percent.
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Deckers Outdoor (NASDAQ: DECK ) shares tumbled 13.30 percent to $73.65 after the company expected a Q1 loss of $0.16 per share. Telecommunications services sector gained 0.12 percent in the US market today. However, analysts were expecting earnings of $0.21 per share on revenue of $1.11 billion.
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2014-02-27 00:00:00 UTC
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Dollar Tree Rises Despite Earnings Miss - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/dollar-tree-rises-despite-earnings-miss-analyst-blog-2014-02-27
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Dollar Tree Inc. ( DLTR ) reported fourth-quarter fiscal 2013 earnings of $1.02 per share, which came below the Zacks Consensus Estimate of $1.05. However, quarterly earnings represented nearly a 1% increase from $1.01 earned in fourth-quarter fiscal 2012. Fourth-quarter results compare against an additional week in the prior-year quarter that contributed 8 cents to earnings per share last year.
Revenue declined by a marginal 0.5% on a year-over-year basis in the quarter to $2,234.9 million and fell short of the Zacks Consensus Estimate of $2,278.0 million. However, comparable store sales (comps) increased 1.2% against a 2.4% increase recorded in the prior-year period, primarily driven by improved traffic.
Despite the lower-than-expected results, shares of Dollar Tree made a nearly 5% jump on the index, closing trade at $55.29 per share.
Quarterly Details
Dollar Tree's quarterly gross profit declined 3.0% year over year to $825.2 million, while gross margin contracted 100 basis points (bps) to 36.9%. On the other hand, selling, general and administrative (SG&A) expenses slid 2.1% to $477.0 million. As a percentage of revenues, it contracted 40 basis points year over year to 21.3%.
Consequently, operating income for the quarter declined 4.2% to $348.2 million. Operating margin came in at 15.6%, down 60 bps from the year-ago period.
Full-Year Synopsis
For fiscal 2013, the company's earnings came at $2.72 per share, which fell short of the Zacks Consensus Estimate of $2.76 but was higher than $2.68 reported in fiscal 2012. Notably, the company's fiscal 2012 earnings included a one-time $60 million gain associated with the sale of its ownership interest in Ollie's Holdings Inc. in the third quarter of fiscal 2012 and $125 million additional earnings from the 53rd week in fiscal 2012. Revenue for the year rose approximately 6% to $7,840.3 million. However, the company's top line missed the Zacks Consensus Estimate of $7,888 million.
Balance Sheet and Capex
Dollar Tree ended fiscal 2014 with cash and cash equivalents of $267.7 million compared with cash balance of $399.9 million at fiscal year-end 2012.
Merchandise inventories were $1,035.3 million compared with $971.7 million as of Feb 2, 2013. During the fiscal year, the company spent $330.1 million on capital expenditure as against $312.2 million spent in the prior year.
Share Repurchase
During fiscal 2013, the company bought back nearly $1.1 billion worth of shares, which included about $1.0 billion from the Accelerated Share Repurchase (ASR) program authorized in Sep 2013. Under the ASR program, the company bought back a total of 15 million shares and expects to complete the program on or before Jun 2014. Additionally, Dollar Tree has authorization worth $1.0 billion remaining under its share buyback program.
Store Update
In the quarter, the company further expanded its store network by opening 51 stores, expanding or relocating 4 stores and shutting down 12 stores. Retail selling square footage grew 6.9% year over year to 43.2 million square feet in the quarter.
During the full year, the company opened about 343 new stores and expanded or relocated 71 existing stores, making for a total of 414 store projects entered in the year. As of Feb 1, 2014, the company operated 4,992 stores in 48 states and 5 Canadian provinces.
Looking Ahead
For the first quarter of fiscal 2014, Dollar Tree expects total sales in the range of $1.98-$2.04 billion on the back of low single-digit comps growth. Further, the company anticipates earnings in the range of 63 - 68 cents per share in the upcoming quarter.
For fiscal 2014, the company anticipates sales to reach the $8.35-$8.58 billion range based on low single-digit positive comps growth. Dollar Tree projects earnings for fiscal 2014 to come in the range of $2.91-$3.13 per share, excluding any impact from share repurchases.
The company expects capital expenditures of nearly $350 million - $360 million for fiscal 2014, slated towards the opening of new stores and remodeling existing stores. Depreciation and amortization expenses are projected to range from $200 million to $210 million for fiscal 2014. Tax rate for the first quarter is estimated at 38.4%, while in fiscal 2014 it is expected to be 38.2%.
In fiscal 2014, the company plans to open nearly 375 new stores and relocate 75 stores for a total 450 projects across the U.S. and Canada. Square footage is expected to augment 6.7% year over year in the first quarter of fiscal 2014 and nearly 7% year over year in fiscal 2014.
Dollar Tree is considered among the best-positioned dollar store concepts, especially with its evolving multi-price point chain. We believe that the company is doing a commendable job internally in managing controllable inputs, including reducing stem miles, while increasing back-haul opportunities at the same time.
Dollar Tree currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the retail space include Christopher & Banks Corporation ( CBK ), Finish Line Inc. ( FINL ) and Deckers Outdoor Corp. ( DECK ). Christopher & Banks have a Zacks Rank #1 (Strong Buy), while Finish Line and Deckers carry a Zacks Rank #2 (Buy).
CHRISTOPHER&BNK (CBK): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
DOLLAR TREE INC (DLTR): Free Stock Analysis Report
FINISH LINE-CLA (FINL): 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 retail space include Christopher & Banks Corporation ( CBK ), Finish Line Inc. ( FINL ) and Deckers Outdoor Corp. ( DECK ). Christopher & Banks have a Zacks Rank #1 (Strong Buy), while Finish Line and Deckers carry a Zacks Rank #2 (Buy). CHRISTOPHER&BNK (CBK): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here.
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CHRISTOPHER&BNK (CBK): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the retail space include Christopher & Banks Corporation ( CBK ), Finish Line Inc. ( FINL ) and Deckers Outdoor Corp. ( DECK ). Christopher & Banks have a Zacks Rank #1 (Strong Buy), while Finish Line and Deckers carry a Zacks Rank #2 (Buy).
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Better-ranked stocks in the retail space include Christopher & Banks Corporation ( CBK ), Finish Line Inc. ( FINL ) and Deckers Outdoor Corp. ( DECK ). Christopher & Banks have a Zacks Rank #1 (Strong Buy), while Finish Line and Deckers carry a Zacks Rank #2 (Buy). CHRISTOPHER&BNK (CBK): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here.
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Better-ranked stocks in the retail space include Christopher & Banks Corporation ( CBK ), Finish Line Inc. ( FINL ) and Deckers Outdoor Corp. ( DECK ). Christopher & Banks have a Zacks Rank #1 (Strong Buy), while Finish Line and Deckers carry a Zacks Rank #2 (Buy). CHRISTOPHER&BNK (CBK): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here.
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2014-02-26 00:00:00 UTC
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Lowe's Reports Strong Q4 Earnings - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/lowes-reports-strong-q4-earnings-analyst-blog-2014-02-26
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Driven by resurgence in the U.S. housing market, Lowe's Companies Inc . ( LOW ) posted robust results for the third quarter of fiscal 2013, with adjusted earnings rising 19.2% year over year to 31 cents per share. Moreover, quarterly adjusted earnings were in line with the Zacks Consensus Estimate.
On a reported basis, that is, including a charge of 2 cents related to long-lived asset impairments, the company's fourth-quarter earnings came in at 29 cents per share.
The stock witnessed a 5.6% rise in total revenue to $11,660 million and handily beat the Zacks Consensus Estimate of $11,645 million. Moreover, comparable-store sales rose 3.9% on a consolidated basis in the quarter.
The year-over-year top-line growth was primarily driven by the company's effective capitalization of the rebounding domestic housing market. During the quarter, Lowe's witnessed solid performance in its home improvement business.
In dollar terms, gross profit rose 6.8% year over year to $4,042 million. Moreover, gross profit margin improved 40 basis points to 34.67% mainly due to lower cost of sales as a percentage of net sales.
Fiscal 2013 Performance - A Synopsis
The company generated net sales of $53,417 million in the quarter, up 5.7% from $50,521 million in fiscal 2012. Moreover, the company's net sales beat the Zacks Consensus Estimate of $53,395 million. Adjusted earnings for the period came in at $2.16 per share, up 27.8% from $1.69 earned in fiscal 2012 while remain in line with the Zacks Consensus Estimate. On a reported basis, Lowe's earnings per share came in at $2.14.
Other Financial Aspects
Lowe's ended the quarter with cash and cash equivalents of $391 million, long-term debt (excluding current maturities) of $10,086 million and shareholders' equity of $11,853 million, reflecting a debt-to-capitalization ratio of approximately 46%.
During the quarter, the company repurchased $958 million worth of its common stock and distributed $189 million as dividends. During the fiscal, Lowe's repurchased $3.7 billion worth of its common stock and distributed $733 million as dividends.
Along with its earnings release, Lowe's announced that its board of directors has approved a new share repurchase program worth $5.0 billion. Now, the company has total authorization worth $6.3 billion including the previous remaining authorization of $1.3 billion.
Fiscal 2013 Outlook
After concluding fiscal 2013, Lowe's initiated its fiscal 2014 outlook. The company expects its sales and comparable-store sales to register year-over-year growth of approximately 5% and 4% respectively. Operating margin is expected to improve by nearly 65 basis points while effective tax rate is projected to be nearly 38.1%.
On the basis of the above assumptions, Lowe's anticipates its earnings for the fiscal 2014 to be approximately $2.60 per share. Currently, the Zacks Consensus Estimate for the fiscal stands at $2.66 per share.
Moreover, the company intends to open 15 home improvement stores and 5 hardware stores in the fiscal. As of Jan 31, 2014, the company operated 1,832 stores in the United States, Canada and Mexico.
Other Stocks to Consider
Currently, Lowe's carries a Zacks Rank #3 (Hold). Other better-performing stocks in the retail industry space include Deckers Outdoor Corp. ( DECK ), Francesca's Holdings Corp. ( FRAN ) and Iconix Brand Group, Inc. ( ICON ). All of these have a Zacks Rank #2 (Buy).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FRANCESCAS HLDG (FRAN): Free Stock Analysis Report
ICONIX BRAND GP (ICON): Free Stock Analysis Report
LOWES COS (LOW): 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 better-performing stocks in the retail industry space include Deckers Outdoor Corp. ( DECK ), Francesca's Holdings Corp. ( FRAN ) and Iconix Brand Group, Inc. ( ICON ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report To read this article on Zacks.com click here. The year-over-year top-line growth was primarily driven by the company's effective capitalization of the rebounding domestic housing market.
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Other better-performing stocks in the retail industry space include Deckers Outdoor Corp. ( DECK ), Francesca's Holdings Corp. ( FRAN ) and Iconix Brand Group, Inc. ( ICON ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report To read this article on Zacks.com click here. During the fiscal, Lowe's repurchased $3.7 billion worth of its common stock and distributed $733 million as dividends.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report To read this article on Zacks.com click here. Other better-performing stocks in the retail industry space include Deckers Outdoor Corp. ( DECK ), Francesca's Holdings Corp. ( FRAN ) and Iconix Brand Group, Inc. ( ICON ). Fiscal 2013 Performance - A Synopsis The company generated net sales of $53,417 million in the quarter, up 5.7% from $50,521 million in fiscal 2012.
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Other better-performing stocks in the retail industry space include Deckers Outdoor Corp. ( DECK ), Francesca's Holdings Corp. ( FRAN ) and Iconix Brand Group, Inc. ( ICON ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report To read this article on Zacks.com click here. The stock witnessed a 5.6% rise in total revenue to $11,660 million and handily beat the Zacks Consensus Estimate of $11,645 million.
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2014-02-26 00:00:00 UTC
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Abercrombie Earnings Beat, Sales Dip - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/abercrombie-earnings-beat-sales-dip-analyst-blog-2014-02-26
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Casual apparel retailer, Abercrombie & Fitch Co. ( ANF ), posted robust fourth-quarter and fiscal 2013 results. Earnings per share of $1.34 for the quarter and $1.91 for the fiscal year were substantially higher than the Zacks Consensus Estimate of $1.04 and $1.61, respectively. Better-than-expected results were primarily due to a lower tax rate that gained due to a major chunk of earnings coming from across national borders as well as higher expense savings stemming from the ongoing profit improvement initiative.
Including one-time charges related to the restructuring plans for Gilly Hicks, other impairment charges and implementation of the ongoing profit improvement initiative, the company reported earnings per share of 85 cents in the fourth quarter compared with $1.95 in the prior-year quarter. Full-year reported earnings came in at 69 cents per share against $2.85 reported in fiscal 2012.
Sales and Comps
Abercrombie's net sales for the quarter dipped 12% to $1,299.1 million from $1,468.5 million in the year-ago quarter, primarily due to weak performances in the both domestic and international markets. Moreover, the quarterly revenue missed the Zacks Consensus Estimate of $1,343.0 million.
The decrease in sales reflects a decline of 13% in total domestic sales (including direct-to-consumer sales) to $852 million and a 9% decline in international business (including direct-to-consumer sales) to $447 million. Additionally, the weak sales results for the quarter reflect continued weakness in the overall spending among youngsters. However, direct-to-consumer sales increased 18% year over year to $315 million.
Including direct-to-consumer sales, the company's total comparable-store sales (comps) decreased 8%. The plunge in comps mainly resulted from an 8% downside in U.S. comps and a 9% decline in International comps. However, comps benefited from a 24% rise in direct-to-customer comps.
Brand-wise, Abercrombie's comparable sales including direct-to-consumer sales at its Abercrombie & Fitch, abercrombie kids and Hollister stores declined 6%, 8% and 10%, respectively. The company's Abercrombie & Fitch, abercrombie kids and Hollister brands generated revenues of $477.9 million, $107.9 million and $684.1 million, respectively.
Net sales for fiscal 2013 rose approximately 9% to $4,116.9 million driven by a 14% decline in domestic sales, marginally offset by a 2% rise in international sales. However, the company's top line missed the Zacks Consensus Estimate of $4,162 million.
Quarter in Detail
In the fourth quarter, gross margin contracted 440 basis points (bps) to 59.0% primarily driven by increase in promotions, including shipping promotions in the direct-to-consumer business.
Stores and distribution expenses, as a percentage of sales, remained almost flat at 38.9% compared with the prior-year period, primarily due to lower in store payroll, store management and support, and other stores and distribution costs that were compensated by impact from comps decline and higher direct-to-customer expenses.
Moreover, marketing, general and administrative expenses declined nearly 3% to $118.6 million driven by a fall in compensation expenses offset by higher marketing costs. Marketing, general and administrative expenses included about $3.2 million charges related to the ongoing profit enhancement initiative.
Financials
Abercrombie ended the quarter with cash and cash equivalents of $600.1 million, borrowings under the Term Loan Agreement of $135.0 million and shareholders' equity of $1,729.5 million. As of Feb 1, 2014, inventories were approximately $530.2 million, up 24% from the prior year.
During fiscal 2013, the company spent nearly $164 million towards capital expenditures, comprising $101 million for new stores, store refreshes and remodels, and $63 million for information technology, distribution center and other home office projects.
Further, the company continued to enhance shareholder value by buying back about 2.4 million shares valued at $115.8 million. Available shares for repurchase under the company's authorization were approximately 16.3 million as of Feb 1, 2014. Moreover, the company authorized an additional $150 million for repurchase in the first quarter of fiscal 2014.
The company's board of directors also announced a quarterly cash dividend of 20 cents per share payable on Mar 18, 2014 to shareholders of record as of Mar 6, 2014.
Store Update
During fiscal 2013, the company opened 20 international Hollister chain stores, a flagship Abercrombie & Fitch store in Seoul and 4 multi-brand outlet stores. The Hollister stores opened during the year included the company's first stores in Japan, the Middle East and Australia. The company's multi-brand outlet stores included 3 stores in Europe and 1 in the U.S. Moreover, the company shuttered nearly 62 outlets in the U.S. during the fiscal year, comprising about 16 Gilly Hicks Stores.
The company ended fiscal 2013 with a total of 1,006 stores, including 275 Abercrombie & Fitch stores, 136 abercrombie kids stores, 587 Hollister Co. stores and 8 Gilly Hicks stores.
Restructuring Plans for Gilly Hicks
On Nov 1, 2013, Abercrombie decided to shut down all its stand-alone Gilly Hicks stores and continue offering the brand's intimate apparel through its Hollister stores and direct-to-customer channels. The company expects to close all its Gilly Hicks stores by the end of first-quarter fiscal 2014.
In relation to the store closures, the company expects to incur about $90 million of pre-tax charges associated with the Gilly Hicks restructuring plan. As of Feb 1, 2014, the company has incurred about $81.5 million of the said $90 million charges and hopes to record the remaining in the first quarter of fiscal 2014. Apart from the aforementioned restructuring charges the company has incurred an operating loss of nearly $30 million in fiscal 2013 associated with the Gilly Hicks operations.
Outlook
Abercrombie projects fiscal 2014 earnings to range from $2.15 - $2.35 per share, mainly driven by the expectation of high-single digit comps decline and about 20% increase in comparable direct-to-consumer sales. Additionally, the company projects a flat to slightly down gross margin rate as compared with the fiscal 2013 level. For the full year, the company anticipates tax rate of about 35% and nearly 78 million of shares outstanding.
During fiscal 2014, Abercrombie intends to open about 16 full-price international outlets, comprising one flagship Abercrombie & Fitch store in Shanghai in April 2014 and a small number of Abercrombie & Fitch mall-based stores. Additionally, it plans to open a smaller number of international and U.S. outlet stores in fiscal 2014. Store closures in the U.S. through lease expirations is expected to sum to about 60-70 during fiscal 2014.
The company anticipates capital expenditure of approximately $200.0 million or more in fiscal 2014, including the effect of timing shifts from fiscal 2013.
Further, the company expects to save a minimum of $175 million (gross) from its ongoing profit improvement initiative through fiscal 2014. These savings include about $30 million already saved in fiscal 2013 and additional $145 million anticipated to be saved in fiscal 2014 along with incremental savings expected beyond fiscal 2014.
However, these savings are expected to be offset by a $30 million or higher increase in marketing expenditures in fiscal 2014 relative to fiscal 2013, with the majority of the additional expense expected to be incurred in the first half of the year.
Other Stocks to Consider
Currently, Abercrombie carries a Zacks Rank #3 (Hold). Better-ranked stocks in the apparel/shoe industry include Christopher & Banks Corporation ( CBK ), Finish Line Inc. ( FINL ) and Deckers Outdoor Corp. ( DECK ). Christopher & Banks have a Zacks Rank #1 (Strong Buy), while Finish Line and Deckers carry a Zacks Rank #2 (Buy).
ABERCROMBIE (ANF): Free Stock Analysis Report
CHRISTOPHER&BNK (CBK): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FINISH LINE-CLA (FINL): 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 apparel/shoe industry include Christopher & Banks Corporation ( CBK ), Finish Line Inc. ( FINL ) and Deckers Outdoor Corp. ( DECK ). Christopher & Banks have a Zacks Rank #1 (Strong Buy), while Finish Line and Deckers carry a Zacks Rank #2 (Buy). ABERCROMBIE (ANF): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here.
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ABERCROMBIE (ANF): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the apparel/shoe industry include Christopher & Banks Corporation ( CBK ), Finish Line Inc. ( FINL ) and Deckers Outdoor Corp. ( DECK ). Christopher & Banks have a Zacks Rank #1 (Strong Buy), while Finish Line and Deckers carry a Zacks Rank #2 (Buy).
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Better-ranked stocks in the apparel/shoe industry include Christopher & Banks Corporation ( CBK ), Finish Line Inc. ( FINL ) and Deckers Outdoor Corp. ( DECK ). Christopher & Banks have a Zacks Rank #1 (Strong Buy), while Finish Line and Deckers carry a Zacks Rank #2 (Buy). ABERCROMBIE (ANF): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here.
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Better-ranked stocks in the apparel/shoe industry include Christopher & Banks Corporation ( CBK ), Finish Line Inc. ( FINL ) and Deckers Outdoor Corp. ( DECK ). Christopher & Banks have a Zacks Rank #1 (Strong Buy), while Finish Line and Deckers carry a Zacks Rank #2 (Buy). ABERCROMBIE (ANF): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report To read this article on Zacks.com click here.
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6348b37f-03bf-469d-8236-8beda3aac468
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724690.0
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2014-02-25 00:00:00 UTC
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First Week of May 17th Options Trading For Deckers Outdoor (DECK)
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DECK
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https://www.nasdaq.com/articles/first-week-may-17th-options-trading-deckers-outdoor-deck-2014-02-25
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nan
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nan
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Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading this week, for the May 17th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 81 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new May 17th contracts and identified one put and one call contract of particular interest.
The put contract at the $82.50 strike price has a current bid of $8.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $82.50, but will also collect the premium, putting the cost basis of the shares at $74.50 (before broker commissions). To an investor already interested in purchasing shares of DECK, that could represent an attractive alternative to paying $84.00/share today.
Because the $82.50 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 58%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 9.70% return on the cash commitment, or 43.72% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $82.50 strike is located relative to that history:
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $82.50 strike is located relative to that history: Top YieldBoost Calls of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading this week, for the May 17th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new May 17th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $82.50 strike is located relative to that history: Top YieldBoost Calls of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading this week, for the May 17th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new May 17th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new May 17th contracts and identified one put and one call contract of particular interest. Below is a chart showing the trailing twelve month trading history for Deckers Outdoor Corp., and highlighting in green where the $82.50 strike is located relative to that history: Top YieldBoost Calls of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading this week, for the May 17th expiration.
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At Stock Options Channel , our YieldBoost formula has looked up and down the DECK options chain for the new May 17th contracts and identified one put and one call contract of particular interest. Investors in Deckers Outdoor Corp. (Symbol: DECK) saw new options begin trading this week, for the May 17th expiration. To an investor already interested in purchasing shares of DECK, that could represent an attractive alternative to paying $84.00/share today.
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16512406-5a02-4660-9995-623a14dd6836
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724691.0
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2014-02-19 00:00:00 UTC
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Wolverine Earnings Beat, Revs Down - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/wolverine-earnings-beat-revs-down-analyst-blog-2014-02-19
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nan
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nan
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Wolverine World Wide Inc. ( WWW ) posted better-than-expected fourth-quarter 2013 bottom-line results, driven by the consistently strong performance of its newly acquired brands. The company's quarterly earnings per share of 22 cents beat the Zacks Consensus Estimate by couple of cents but fell 8.3% year over year.
Including one-time items, Wolverine reported loss per share of 2 cents as against loss of 4 cents in the year-ago quarter.
For 2013, adjusted earnings came in at $1.43 per share, a penny ahead of the Zacks Consensus Estimate and up 25.4% year over year. Including one-time items, earnings came in at 99 cents for the year, up 22.2% year over year.
Benefiting largely from the acquisition of three branded operating groups, Wolverine reported consolidated revenue of $740.8 million for the fourth quarter that grew 13.6% on a year-over-year basis but fell below the Zacks Consensus Estimate of $752 million. Moreover, on a pro-forma basis, revenues increased 0.6% in the quarter.
For the full year, revenues came in at $2,691.1 million, up 64% on a year-over-year basis but missed the Zacks Consensus Estimate of $2,700 million. On a pro-forma basis, revenues rose 5.6% in 2013.
Wolverine acquired the PLG unit for $1.25 billion. The PLG unit sells footwear and related products, both wholesale and retail, for children and adults under popular brands such as Stride Rite, Sperry Top-Sider, Saucony and Keds.
As regards the company's operating groups, fourth-quarter revenues at its Lifestyle group came in at $265.3 million, a 25.9% rise from the year-ago quarter. The Performance group's revenues rose 13.8% to $251.3 million, while Heritage group's revenues increased 4.1% to $193.7 million. However, revenues derived from the company's other brands dropped 1.6% to $30.5 million in the quarter.
On account of top-line improvement, the company's adjusted gross profit rose 18.2% to $283.0 million in the quarter, while gross margin expanded 150 basis points (bps) to 38.2%. The improvement in both these cases reflected from an encouraging channel mix, partly offset by higher product costs and foreign exchange contract losses.
Operating profit came in at $18.0 million for the quarter, marking an impressive 137% year-over-year increase and operating margin expanded 120 bps to 2.4%.
Other Financial Aspects
Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), ended the year with cash and cash equivalents of $214.2 million, net debt of $935.8 million and shareholders' equity of $841.4 million. Operating free cash flow came in at $157.6 million for the quarter.
Guidance
Looking ahead, the company expects adjusted earnings per share in the range of $1.57-1.63, reflecting year-over-year growth of 10%-14%. Reported diluted earnings are expected to be in the range of $1.52 to $1.58 per share.
Revenues are projects in the range of $2.775-$2.85 billion, up 3% to 6% year over year. Moreover, the company expects a marginal rise in gross margin in 2014.
Tax rate is anticipated to be around 28%, while interest expenses will be about $47 million.
Other Stocks to Consider
Wolverine currently has a Zacks Rank #5 (Strong Sell). Apart from Wolverine, other better-ranked stocks in the consumer discretionary sector worth a look include Francesca's Holdings Corporation ( FRAN ) and Skechers USA Inc. ( SKX ). Both of these carry a Zacks Rank #2 (Buy).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FRANCESCAS HLDG (FRAN): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
WOLVERINE WORLD (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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Other Financial Aspects Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), ended the year with cash and cash equivalents of $214.2 million, net debt of $935.8 million and shareholders' equity of $841.4 million. DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Wolverine World Wide Inc. ( WWW ) posted better-than-expected fourth-quarter 2013 bottom-line results, driven by the consistently strong performance of its newly acquired brands.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), ended the year with cash and cash equivalents of $214.2 million, net debt of $935.8 million and shareholders' equity of $841.4 million. Including one-time items, Wolverine reported loss per share of 2 cents as against loss of 4 cents in the year-ago quarter.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), ended the year with cash and cash equivalents of $214.2 million, net debt of $935.8 million and shareholders' equity of $841.4 million. Benefiting largely from the acquisition of three branded operating groups, Wolverine reported consolidated revenue of $740.8 million for the fourth quarter that grew 13.6% on a year-over-year basis but fell below the Zacks Consensus Estimate of $752 million.
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Other Financial Aspects Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), ended the year with cash and cash equivalents of $214.2 million, net debt of $935.8 million and shareholders' equity of $841.4 million. DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Benefiting largely from the acquisition of three branded operating groups, Wolverine reported consolidated revenue of $740.8 million for the fourth quarter that grew 13.6% on a year-over-year basis but fell below the Zacks Consensus Estimate of $752 million.
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f99a2bcf-8ff1-4ff9-8119-7d2a074572cf
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724692.0
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2014-02-13 00:00:00 UTC
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Wolverine Makes Shareholder-Friendly Moves - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/wolverine-makes-shareholder-friendly-moves-analyst-blog-2014-02-13
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nan
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nan
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The versatile footwear retailer Wolverine World Wide Inc. ( WWW ) recently announced a new share buyback program besides declaring its regular quarterly dividend.
Under the new share repurchase program, which replaced the one authorized in 2010, the company authorized buybacks worth $200 million. Usually, these repurchases are spread over a period of 4 years. However, the buyback amount is determined after considering factors like market conditions, share price and credit related limitations faced by the company.
Coupled with this, Wolverine announced a cash dividend of 6 cents a share, to be paid on a quarterly basis. This dividend is the same as the one declared previously, amounting to 24 cents on an annualized basis, payable on May 1, 2014 to shareholders of record as of Apr 1, 2014.
The company believes in utilizing its cash mainly by repaying its debt and returning it to shareholders in the form of dividends and share buybacks, reflecting its commitment towards shareholders.
Recently, Wolverine discussed its preliminary results for the full year ended Dec 28, 2013, as per which it expects revenues for the year to rise 5.5% from last year, on a pro forma basis. Moreover, it envisions earnings to dovetail with the upper end of the previous guidance of $1.37-$1.42 per share. The Zacks Consensus Estimate stands at $1.42, in line with the company's expectations.
Wolverine has a positive outlook for 2014, as its operational efficiencies, formidable brand portfolio and leverage from the recent acquisitions (Collective Brands' Performance + Lifestyle Group) position it favorably to generate healthy sales and earnings. Moreover, exclusive assortments remain popular among consumers and impart the company an edge over competitors like Nike and Deckers Outdoor Corporation ( DECK ).
This Michigan-based retailer currently holds a Zacks Rank #4 (Sell). However, better-ranked stocks in the apparel-shoe industry include Foot Locker, Inc. ( FL ) and Finish Line Inc. ( FINL ), both holding a Zacks Rank #2 (Buy).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
WOLVERINE WORLD (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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Moreover, exclusive assortments remain popular among consumers and impart the company an edge over competitors like Nike and Deckers Outdoor Corporation ( DECK ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. The versatile footwear retailer Wolverine World Wide Inc. ( WWW ) recently announced a new share buyback program besides declaring its regular quarterly dividend.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, exclusive assortments remain popular among consumers and impart the company an edge over competitors like Nike and Deckers Outdoor Corporation ( DECK ). The versatile footwear retailer Wolverine World Wide Inc. ( WWW ) recently announced a new share buyback program besides declaring its regular quarterly dividend.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, exclusive assortments remain popular among consumers and impart the company an edge over competitors like Nike and Deckers Outdoor Corporation ( DECK ). The versatile footwear retailer Wolverine World Wide Inc. ( WWW ) recently announced a new share buyback program besides declaring its regular quarterly dividend.
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Moreover, exclusive assortments remain popular among consumers and impart the company an edge over competitors like Nike and Deckers Outdoor Corporation ( DECK ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Under the new share repurchase program, which replaced the one authorized in 2010, the company authorized buybacks worth $200 million.
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365257b0-32fc-4a32-8b17-6e5b6c76b860
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724693.0
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2014-01-30 00:00:00 UTC
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Zacks Rank #1 Additions for Thursday - Tale of the Tape
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DECK
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https://www.nasdaq.com/articles/zacks-rank-1-additions-for-thursday-tale-of-the-tape-2014-01-30
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nan
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nan
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today:
Activision Blizzard, Inc. ( ATVI )
American Capital Agency Corp. ( AGNC )
American Software, Inc. ( AMSWA )
Cambrex Corporation ( CBM )
Deckers Outdoor Corp ( DECK )
View the entire Zacks #1 Rank List .
AMER CAP AGENCY (AGNC): Free Stock Analysis Report
AMER SOFTWARE A (AMSWA): Get Free Report
ACTIVISION BLZD (ATVI): Free Stock Analysis Report
CAMBREX CORP (CBM): Free Stock Analysis Report
DECKERS OUTDOOR (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 #1 Rank ("strong buy") List today: Activision Blizzard, Inc. ( ATVI ) American Capital Agency Corp. ( AGNC ) American Software, Inc. ( AMSWA ) Cambrex Corporation ( CBM ) Deckers Outdoor Corp ( DECK ) View the entire Zacks #1 Rank List . AMER CAP AGENCY (AGNC): Free Stock Analysis Report AMER SOFTWARE A (AMSWA): Get Free Report ACTIVISION BLZD (ATVI): Free Stock Analysis Report CAMBREX CORP (CBM): Free Stock Analysis Report DECKERS OUTDOOR (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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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Activision Blizzard, Inc. ( ATVI ) American Capital Agency Corp. ( AGNC ) American Software, Inc. ( AMSWA ) Cambrex Corporation ( CBM ) Deckers Outdoor Corp ( DECK ) View the entire Zacks #1 Rank List . AMER CAP AGENCY (AGNC): Free Stock Analysis Report AMER SOFTWARE A (AMSWA): Get Free Report ACTIVISION BLZD (ATVI): Free Stock Analysis Report CAMBREX CORP (CBM): Free Stock Analysis Report DECKERS OUTDOOR (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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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Activision Blizzard, Inc. ( ATVI ) American Capital Agency Corp. ( AGNC ) American Software, Inc. ( AMSWA ) Cambrex Corporation ( CBM ) Deckers Outdoor Corp ( DECK ) View the entire Zacks #1 Rank List . AMER CAP AGENCY (AGNC): Free Stock Analysis Report AMER SOFTWARE A (AMSWA): Get Free Report ACTIVISION BLZD (ATVI): Free Stock Analysis Report CAMBREX CORP (CBM): Free Stock Analysis Report DECKERS OUTDOOR (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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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Activision Blizzard, Inc. ( ATVI ) American Capital Agency Corp. ( AGNC ) American Software, Inc. ( AMSWA ) Cambrex Corporation ( CBM ) Deckers Outdoor Corp ( DECK ) View the entire Zacks #1 Rank List . AMER CAP AGENCY (AGNC): Free Stock Analysis Report AMER SOFTWARE A (AMSWA): Get Free Report ACTIVISION BLZD (ATVI): Free Stock Analysis Report CAMBREX CORP (CBM): Free Stock Analysis Report DECKERS OUTDOOR (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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5cb1714e-c4e8-4375-98bc-6f5430f6af80
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724694.0
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2014-01-27 00:00:00 UTC
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Bullish View on Skechers - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/bullish-view-on-skechers-analyst-blog-2014-01-27
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nan
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nan
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We upgraded our long-term recommendation on Skechers USA Inc. ( SKX ), the footwear retailer, to Outperform with a target price of $30.00.
Why the Reiteration?
Skechers continues to offer a diversified portfolio of brands at compelling prices. We believe that this multi-brand strategy enables the company to roll out new products without cannibalizing its existing brands and helps expand the targeted demographic profile of its customers. Management remains committed to focus on innovative products, opening of additional stores and increasing distribution channels with the development of international distribution agreements to improve its sales and profitability.
We remain impressed with the year-over-year growth in the top and bottom lines that Skechers witnessed during the third quarter of 2013, owing to strong sales across domestic and international wholesale operations, and company-owned retail and e-Commerce businesses. This Zacks Rank #3 (Hold) stock, which competes with Nike, Inc. ( NKE ), stated that the quarterly earnings of 53 cents a share increased over twofold, whereas revenues rose 20.1%.
We believe with more emphasis on the new line of products, cost containment efforts, inventory management, global distribution platform and strong backlogs, Skechers remains well positioned to sustain the growth momentum in 2014.
Skechers, through its distribution networks, subsidiaries and joint ventures, is poised to enhance its global reach in the footwear market with the demand remaining strong.
Other Stocks that Warrant a Look
Other better-ranked stocks in the retail sector worth considering include, Deckers Outdoor Corporation ( DECK ) and Gildan Activewear Inc. ( GIL ) both carrying a Zacks Rank #2 (Buy).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
GILDAN ACTVWEAR (GIL): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Other Stocks that Warrant a Look Other better-ranked stocks in the retail sector worth considering include, Deckers Outdoor Corporation ( DECK ) and Gildan Activewear Inc. ( GIL ) both carrying a Zacks Rank #2 (Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report GILDAN ACTVWEAR (GIL): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. We remain impressed with the year-over-year growth in the top and bottom lines that Skechers witnessed during the third quarter of 2013, owing to strong sales across domestic and international wholesale operations, and company-owned retail and e-Commerce businesses.
|
DECKERS OUTDOOR (DECK): Free Stock Analysis Report GILDAN ACTVWEAR (GIL): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks that Warrant a Look Other better-ranked stocks in the retail sector worth considering include, Deckers Outdoor Corporation ( DECK ) and Gildan Activewear Inc. ( GIL ) both carrying a Zacks Rank #2 (Buy). We believe with more emphasis on the new line of products, cost containment efforts, inventory management, global distribution platform and strong backlogs, Skechers remains well positioned to sustain the growth momentum in 2014.
|
DECKERS OUTDOOR (DECK): Free Stock Analysis Report GILDAN ACTVWEAR (GIL): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks that Warrant a Look Other better-ranked stocks in the retail sector worth considering include, Deckers Outdoor Corporation ( DECK ) and Gildan Activewear Inc. ( GIL ) both carrying a Zacks Rank #2 (Buy). We remain impressed with the year-over-year growth in the top and bottom lines that Skechers witnessed during the third quarter of 2013, owing to strong sales across domestic and international wholesale operations, and company-owned retail and e-Commerce businesses.
|
Other Stocks that Warrant a Look Other better-ranked stocks in the retail sector worth considering include, Deckers Outdoor Corporation ( DECK ) and Gildan Activewear Inc. ( GIL ) both carrying a Zacks Rank #2 (Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report GILDAN ACTVWEAR (GIL): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. We upgraded our long-term recommendation on Skechers USA Inc. ( SKX ), the footwear retailer, to Outperform with a target price of $30.00.
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af2fa85f-a269-4e5c-8453-2fcd485fff6d
|
724695.0
|
2014-01-23 00:00:00 UTC
|
Investors are betting against Deckers Outdoor (DECK), Should You? - Tale of the Tape
|
DECK
|
https://www.nasdaq.com/articles/investors-are-betting-against-deckers-outdoor-deck-should-you-tale-of-the-tape-2014-01-23
|
nan
|
nan
|
Many investors appear to be quite bearish Deckers Outdoor Corp ( DECK ) especially if you look at the percentage of the float that is sold short for this stock. Currently, 22.7% of the float is sold short, suggesting an extreme level of bearishness for DECK .
However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #2 (Buy) on DECK , so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of DECK to move higher in the weeks ahead.
DECKERS OUTDOOR (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.
|
Many investors appear to be quite bearish Deckers Outdoor Corp ( DECK ) especially if you look at the percentage of the float that is sold short for this stock. Currently, 22.7% of the float is sold short, suggesting an extreme level of bearishness for DECK . DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here.
|
Many investors appear to be quite bearish Deckers Outdoor Corp ( DECK ) especially if you look at the percentage of the float that is sold short for this stock. Currently, 22.7% of the float is sold short, suggesting an extreme level of bearishness for DECK . Thanks to these rising estimates, we actually have a Zacks Rank #2 (Buy) on DECK , so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of DECK to move higher in the weeks ahead.
|
Many investors appear to be quite bearish Deckers Outdoor Corp ( DECK ) especially if you look at the percentage of the float that is sold short for this stock. Thanks to these rising estimates, we actually have a Zacks Rank #2 (Buy) on DECK , so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of DECK to move higher in the weeks ahead. Currently, 22.7% of the float is sold short, suggesting an extreme level of bearishness for DECK .
|
Many investors appear to be quite bearish Deckers Outdoor Corp ( DECK ) especially if you look at the percentage of the float that is sold short for this stock. Thanks to these rising estimates, we actually have a Zacks Rank #2 (Buy) on DECK , so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of DECK to move higher in the weeks ahead. Currently, 22.7% of the float is sold short, suggesting an extreme level of bearishness for DECK .
|
37f5b4e5-9c06-4383-b949-d9c113bbe245
|
724696.0
|
2014-01-16 00:00:00 UTC
|
Zacks #1 Rank Additions for Thursday - Tale of the Tape
|
DECK
|
https://www.nasdaq.com/articles/zacks-1-rank-additions-for-thursday-tale-of-the-tape-2014-01-16
|
nan
|
nan
|
Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today:
CACI International Inc ( CACI )
Chemtura Corp ( CHMT )
Coherent, Inc. ( COHR )
Coronado Biosciences Inc ( CNDO )
Deckers Outdoor Corp ( DECK )
View the entire Zacks #1 Rank List .
CACI INTL A (CACI): Free Stock Analysis Report
CHEMTURA CORP (CHMT): Free Stock Analysis Report
CORONADO BIOSCI (CNDO): Free Stock Analysis Report
COHERENT INC (COHR): Free Stock Analysis Report
DECKERS OUTDOOR (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.
|
Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: CACI International Inc ( CACI ) Chemtura Corp ( CHMT ) Coherent, Inc. ( COHR ) Coronado Biosciences Inc ( CNDO ) Deckers Outdoor Corp ( DECK ) View the entire Zacks #1 Rank List . CACI INTL A (CACI): Free Stock Analysis Report CHEMTURA CORP (CHMT): Free Stock Analysis Report CORONADO BIOSCI (CNDO): Free Stock Analysis Report COHERENT INC (COHR): Free Stock Analysis Report DECKERS OUTDOOR (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.
|
Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: CACI International Inc ( CACI ) Chemtura Corp ( CHMT ) Coherent, Inc. ( COHR ) Coronado Biosciences Inc ( CNDO ) Deckers Outdoor Corp ( DECK ) View the entire Zacks #1 Rank List . CACI INTL A (CACI): Free Stock Analysis Report CHEMTURA CORP (CHMT): Free Stock Analysis Report CORONADO BIOSCI (CNDO): Free Stock Analysis Report COHERENT INC (COHR): Free Stock Analysis Report DECKERS OUTDOOR (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.
|
Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: CACI International Inc ( CACI ) Chemtura Corp ( CHMT ) Coherent, Inc. ( COHR ) Coronado Biosciences Inc ( CNDO ) Deckers Outdoor Corp ( DECK ) View the entire Zacks #1 Rank List . CACI INTL A (CACI): Free Stock Analysis Report CHEMTURA CORP (CHMT): Free Stock Analysis Report CORONADO BIOSCI (CNDO): Free Stock Analysis Report COHERENT INC (COHR): Free Stock Analysis Report DECKERS OUTDOOR (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.
|
Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: CACI International Inc ( CACI ) Chemtura Corp ( CHMT ) Coherent, Inc. ( COHR ) Coronado Biosciences Inc ( CNDO ) Deckers Outdoor Corp ( DECK ) View the entire Zacks #1 Rank List . CACI INTL A (CACI): Free Stock Analysis Report CHEMTURA CORP (CHMT): Free Stock Analysis Report CORONADO BIOSCI (CNDO): Free Stock Analysis Report COHERENT INC (COHR): Free Stock Analysis Report DECKERS OUTDOOR (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.
|
067d4c90-7f82-4cd7-960b-95999e48b0d3
|
724697.0
|
2014-01-16 00:00:00 UTC
|
Zumiez Retains Underperform Stance - Analyst Blog
|
DECK
|
https://www.nasdaq.com/articles/zumiez-retains-underperform-stance-analyst-blog-2014-01-16
|
nan
|
nan
|
We retain Zumiez Inc. ( ZUMZ ) on our Underperform list given the company's soft earnings performance in third-quarter fiscal 2013. The stock currently carries a Zacks Rank #5 (Strong Sell).
Why Underperform?
Zumiez's third-quarter fiscal 2013 results disappointed as earnings declined 9.8% on a year-over-year basis, while margins remained under pressure due to higher operating expenses from ongoing investments to strengthen its omni-channel selling strategy.
While the company's comps performance in November and the third quarter impressed following recovery from the continuous decline witnessed in the past few months, its unfavorable fourth-quarter comps and earnings guidance make us skeptical about the company's future performance. This, in turn, triggered a downward trend in the Zacks Consensus Estimate for the fourth quarter and fiscal 2013, as analysts become less constructive on the stock's future performance.
Though the company is aggressively implementing strategies to overcome the downward sales trend, we do not see any meaningful improvement in the near term, as evident from the company's negative comps guidance for the fourth quarter.
Further, we believe that intense competition from rival specialty retailers, the seasonal nature of the business and risks associated with sourcing merchandise from foreign countries may undermine the company's results.
The company faces intense competition from other teenage-focused retailers as well as sporting goods retailers on the basis of brand recognition, fashion, price, service, store location, and quality. We believe that being in such a competitive industry, Zumiez may find it difficult to execute and implement new business strategies.
Alongside, we believe the company is exposed to significant seasonality risks as it typically generates stronger sales during the third and fourth quarters, which are characterized by the back-to-school and holiday seasons.
Other Stocks That Warrant a Look
While we prefer to avoid Zumiez until we see signs of improvement in the company's performance, other apparel/shoe retailers worth a look are Finish Line Inc. ( FINL ), The Men's Wearhouse Inc. ( MW ) and Deckers Outdoor Corp. ( DECK ). All of these have a Zacks Rank #2 (Buy).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
MENS WEARHOUSE (MW): Free Stock Analysis Report
ZUMIEZ INC (ZUMZ): 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.
|
Other Stocks That Warrant a Look While we prefer to avoid Zumiez until we see signs of improvement in the company's performance, other apparel/shoe retailers worth a look are Finish Line Inc. ( FINL ), The Men's Wearhouse Inc. ( MW ) and Deckers Outdoor Corp. ( DECK ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report To read this article on Zacks.com click here. Zumiez's third-quarter fiscal 2013 results disappointed as earnings declined 9.8% on a year-over-year basis, while margins remained under pressure due to higher operating expenses from ongoing investments to strengthen its omni-channel selling strategy.
|
Other Stocks That Warrant a Look While we prefer to avoid Zumiez until we see signs of improvement in the company's performance, other apparel/shoe retailers worth a look are Finish Line Inc. ( FINL ), The Men's Wearhouse Inc. ( MW ) and Deckers Outdoor Corp. ( DECK ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): 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.
|
DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks That Warrant a Look While we prefer to avoid Zumiez until we see signs of improvement in the company's performance, other apparel/shoe retailers worth a look are Finish Line Inc. ( FINL ), The Men's Wearhouse Inc. ( MW ) and Deckers Outdoor Corp. ( DECK ). While the company's comps performance in November and the third quarter impressed following recovery from the continuous decline witnessed in the past few months, its unfavorable fourth-quarter comps and earnings guidance make us skeptical about the company's future performance.
|
Other Stocks That Warrant a Look While we prefer to avoid Zumiez until we see signs of improvement in the company's performance, other apparel/shoe retailers worth a look are Finish Line Inc. ( FINL ), The Men's Wearhouse Inc. ( MW ) and Deckers Outdoor Corp. ( DECK ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report To read this article on Zacks.com click here. We retain Zumiez Inc. ( ZUMZ ) on our Underperform list given the company's soft earnings performance in third-quarter fiscal 2013.
|
c1b445c9-d4fb-4a7c-a454-6b45d18d2c9b
|
724698.0
|
2014-01-07 00:00:00 UTC
|
Deckers Hits a New 52-Week High - Analyst Blog
|
DECK
|
https://www.nasdaq.com/articles/deckers-hits-a-new-52-week-high-analyst-blog-2014-01-07
|
nan
|
nan
|
Shares of Deckers Outdoor Corporation ( DECK ) hit a new 52-week high of $88.77 on Jan 6, before closing at $87.99. Shares of this Zacks Rank #2 (Buy) stock rose more than twofold in the past one year.
Based on the current price, this department store retailer is 2.8% below the Zacks Consensus average analyst price target of $90.56. The company currently trades at a forward P/E of 18.52x, a discount of 3.5% to the peer group average of 19.19x. Additionally, the company's long-term estimated EPS growth rate is 17.5%.
The challenging macroeconomic environment compelled Deckers to resort to various means of repositioning itself and keep afloat. Such measures include focusing on new product introductions, effective cost management and new store openings. We believe expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation augur well for Deckers to sustain its growth momentum.
This is well reflected through Deckers' better-than-expected third-quarter 2013 bottom-line results. The company posted quarterly earnings of 95 cents a share that surpassed the Zacks Consensus Estimate of 72 cents. Total net sales rose 2.7% year over year to $386.7 million and came almost in line with the Zacks Consensus Estimate.
Management continues to project total revenue growth of 8% for 2013, while it envisions a 10% rise in earnings per share, up from 8% predicted earlier.
The earnings surprise history of the company also sparks optimism about its future upbeat performance. Deckers has outperformed the Zacks Consensus Estimate in the last four quarters by an average of 48.1%.
Deckers is also expanding its footprint by targeting profitable markets. This is well evident from the company's retail store sales that rose 34.5%. Management is eyeing opportunities for store expansion in Asia, mainly Japan and China, and seeks to enhance the company's presence in South Korea, Taiwan, Mongolia, Singapore and Australia.
Apart from Deckers, other stocks such as The Walt Disney Company ( DIS ), Foot Locker, Inc. ( FL ) and ANN INC. ( ANN ) achieved new 52-week highs of $76.84, $41.73 and $39.13, respectively, yesterday.
ANN INC (ANN): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
DISNEY WALT (DIS): Free Stock Analysis Report
FOOT LOCKER INC (FL): 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.
|
We believe expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation augur well for Deckers to sustain its growth momentum. Shares of Deckers Outdoor Corporation ( DECK ) hit a new 52-week high of $88.77 on Jan 6, before closing at $87.99. The challenging macroeconomic environment compelled Deckers to resort to various means of repositioning itself and keep afloat.
|
Apart from Deckers, other stocks such as The Walt Disney Company ( DIS ), Foot Locker, Inc. ( FL ) and ANN INC. ( ANN ) achieved new 52-week highs of $76.84, $41.73 and $39.13, respectively, yesterday. ANN INC (ANN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor Corporation ( DECK ) hit a new 52-week high of $88.77 on Jan 6, before closing at $87.99.
|
Apart from Deckers, other stocks such as The Walt Disney Company ( DIS ), Foot Locker, Inc. ( FL ) and ANN INC. ( ANN ) achieved new 52-week highs of $76.84, $41.73 and $39.13, respectively, yesterday. ANN INC (ANN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deckers Outdoor Corporation ( DECK ) hit a new 52-week high of $88.77 on Jan 6, before closing at $87.99.
|
Deckers has outperformed the Zacks Consensus Estimate in the last four quarters by an average of 48.1%. Shares of Deckers Outdoor Corporation ( DECK ) hit a new 52-week high of $88.77 on Jan 6, before closing at $87.99. The challenging macroeconomic environment compelled Deckers to resort to various means of repositioning itself and keep afloat.
|
3f64d84c-89ec-4084-a718-43709f58a4bb
|
724699.0
|
2014-01-07 00:00:00 UTC
|
Skechers Reaffirmed at Neutral - Analyst Blog
|
DECK
|
https://www.nasdaq.com/articles/skechers-reaffirmed-at-neutral-analyst-blog-2014-01-07
|
nan
|
nan
|
We maintain our long-term Neutral recommendation on Skechers USA Inc. ( SKX ), the footwear retailer, with a target price of $36.00.
Why the Reiteration?
Skechers continues to offer a diversified portfolio of brands at compelling prices. We believe that this multi-brand strategy enables the company to roll out new products without cannibalizing its existing brands and helps to expand the targeted demographic profile of customers.
Management remains committed to focus on innovative products, opening of additional stores and increasing distribution channels with the development of international distribution agreements to improve its sales and profitability.
We remain impressed with the year-over-year growth in the top and bottom lines that Skechers witnessed during the third quarter of 2013 owing to strong sales across domestic and international wholesale operations, and company-owned retail and e-Commerce businesses. This Zacks Rank #2 (Buy) stock, which competes with Nike, Inc. ( NKE ), stated that the quarterly earnings of 53 cents a share increased over twofold, whereas revenue rose 20.1%.
We believe with more emphasis on the new line of products, cost containment efforts, inventory management, global distribution platform and strong backlogs, Skechers remains well positioned to sustain growth momentum.
However, we still hold a somewhat conservative stance on the stock given the lower-than-expected results and maintain our unbiased view. Both the top and bottom lines of the company fell short of the Zacks Consensus Estimate. The quarterly earnings missed the Zacks Consensus Estimate by 13.1%, while revenue of $515.8 million fell short of the Zacks Consensus Estimate of $519 million.
Other Stocks That Warrant a Look
Other better ranked stocks in the retail sector worth considering include, Deckers Outdoor Corp. ( DECK ) and Steven Madden, Ltd. ( SHOO ), both which carry a Zacks Rank #2 (Buy).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
STEVEN MADDEN (SHOO): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Other Stocks That Warrant a Look Other better ranked stocks in the retail sector worth considering include, Deckers Outdoor Corp. ( DECK ) and Steven Madden, Ltd. ( SHOO ), both which carry a Zacks Rank #2 (Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report STEVEN MADDEN (SHOO): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. We remain impressed with the year-over-year growth in the top and bottom lines that Skechers witnessed during the third quarter of 2013 owing to strong sales across domestic and international wholesale operations, and company-owned retail and e-Commerce businesses.
|
DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report STEVEN MADDEN (SHOO): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks That Warrant a Look Other better ranked stocks in the retail sector worth considering include, Deckers Outdoor Corp. ( DECK ) and Steven Madden, Ltd. ( SHOO ), both which carry a Zacks Rank #2 (Buy). Both the top and bottom lines of the company fell short of the Zacks Consensus Estimate.
|
Other Stocks That Warrant a Look Other better ranked stocks in the retail sector worth considering include, Deckers Outdoor Corp. ( DECK ) and Steven Madden, Ltd. ( SHOO ), both which carry a Zacks Rank #2 (Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report STEVEN MADDEN (SHOO): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. The quarterly earnings missed the Zacks Consensus Estimate by 13.1%, while revenue of $515.8 million fell short of the Zacks Consensus Estimate of $519 million.
|
Other Stocks That Warrant a Look Other better ranked stocks in the retail sector worth considering include, Deckers Outdoor Corp. ( DECK ) and Steven Madden, Ltd. ( SHOO ), both which carry a Zacks Rank #2 (Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report STEVEN MADDEN (SHOO): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. We maintain our long-term Neutral recommendation on Skechers USA Inc. ( SKX ), the footwear retailer, with a target price of $36.00.
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14d7f8b3-df42-45dc-abad-bf69b893db2f
|
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