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724700.0
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2014-01-06 00:00:00 UTC
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Wolverine Upped to Strong Buy - Analyst Blog
|
DECK
|
https://www.nasdaq.com/articles/wolverine-upped-to-strong-buy-analyst-blog-2014-01-06
|
nan
|
nan
|
On Jan 4, 2014, Zacks Investment Research upgraded Wolverine World Wide Inc. ( WWW ) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Wolverine has been witnessing rising earnings estimates over the last 90 days. The company's strong fundamentals and robust quarterly performances have been the driving factors. This apparel-footwear retailer, which competes with Nike, Inc. ( NKE ), has delivered positive earnings surprises in the trailing four quarters with an average beat of 74.7%. The long-term expected earnings growth rate for this stock is 12.5%.
Wolverine's operational efficiencies, its formidable 16-brand portfolio and leverage from the recent acquisitions (Collective Brands' Performance + Lifestyle Group) position it favorably to generate healthy sales. Moreover, exclusive assortments remain popular among consumers and impart the company a competitive edge.
Wolverine's third-quarter 2013 earnings per share of 58 cents (on post-split basis) handily surpassed the Zacks Consensus Estimate of 52.5 cents and rose 61.1% year over year. Wolverine reported net sales of $716.7 million that more than doubled on a year-over-year basis and came ahead of the Zacks Consensus Estimate.
Buoyed by stronger-than-anticipated quarterly third-quarter 2013 results, management raised its earnings guidance. Adjusted earnings per share are now likely to be in the range of $2.73-$2.83, against the earlier projection of $2.60-$2.75, which marks year-over-year growth of 19.2% to 23.6%.
Revenues are expected to be in the band of $2.71-$2.73 billion, up 6.4% to 7.1% year over year on a pro-forma basis. For fourth-quarter 2013, the company anticipates revenues to be $750-$780 million, reflecting growth of 3.2% to 6%.
The Zacks Consensus Estimate for 2013 increased marginally by 0.7% to $1.41 per share over the last 90 days. For 2014, the Zacks Consensus Estimate rose by 2.9% to $1.76 per share over the same time frame.
Given the company's upbeat guidance for 2013 and the signs of recovery in the economy, we expect Wolverine's robust performance to continue going forward.
Other Stocks to Consider
Other retail stocks with a favorable Zacks Rank include Deckers Outdoor Corp. ( DECK ) and Skechers USA Inc. ( SKX ). Both of these carry a Zacks Rank #2 (Buy).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
NIKE INC-B (NKE): 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.
|
Other Stocks to Consider Other retail stocks with a favorable Zacks Rank include Deckers Outdoor Corp. ( DECK ) and Skechers USA Inc. ( SKX ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): 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. This apparel-footwear retailer, which competes with Nike, Inc. ( NKE ), has delivered positive earnings surprises in the trailing four quarters with an average beat of 74.7%.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): 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 Stocks to Consider Other retail stocks with a favorable Zacks Rank include Deckers Outdoor Corp. ( DECK ) and Skechers USA Inc. ( SKX ). On Jan 4, 2014, Zacks Investment Research upgraded Wolverine World Wide Inc. ( WWW ) to a Zacks Rank #1 (Strong Buy).
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): 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 Stocks to Consider Other retail stocks with a favorable Zacks Rank include Deckers Outdoor Corp. ( DECK ) and Skechers USA Inc. ( SKX ). On Jan 4, 2014, Zacks Investment Research upgraded Wolverine World Wide Inc. ( WWW ) to a Zacks Rank #1 (Strong Buy).
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Other Stocks to Consider Other retail stocks with a favorable Zacks Rank include Deckers Outdoor Corp. ( DECK ) and Skechers USA Inc. ( SKX ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): 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 Jan 4, 2014, Zacks Investment Research upgraded Wolverine World Wide Inc. ( WWW ) to a Zacks Rank #1 (Strong Buy).
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ad5bae21-ae95-4f02-aa37-d023a03c4018
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724701.0
|
2014-01-02 00:00:00 UTC
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Nike Remains on Neutral List - Analyst Blog
|
DECK
|
https://www.nasdaq.com/articles/nike-remains-on-neutral-list-analyst-blog-2014-01-02
|
nan
|
nan
|
Global leader in sports equipment and apparel, Nike Inc. ( NKE ), remains on our Neutral list with a target price of $82.00.
Why Reiterate?
Nike's strong portfolio of globally recognized brands - such as Nike, Converse, Chuck Taylor, Hurley, All Star, One Star, Star Chevron and Jack Purcell - and its focus on innovation have helped strengthen its leadership position.
We remain impressed with Nike's strong growth and innovation trend that facilitated consistent positive earnings surprises for 6 straight quarters, alongside strong revenue growth and an optimistic guidance. The company's average surprise for the last 6 quarters stands at 8.5%.
In second-quarter fiscal 2014, it posted an earnings surprise of 1.7% and a year-over-year increase of 4.0% in earnings per share, aided by healthy top-line growth across the globe, improved margins and a reduced tax rate, offset by elevated SG&A investments in the company's brands and business capabilities. Net sales rose 8.0% year over year, driven by robust performance across all geographical regions and product categories.
Following its strong second-quarter fiscal 2014 top and bottom line results, the company came up with an impressive outlook for the upcoming 2 quarters and the full year indicating that the company's upbeat performance is expected to continue in the near future. Moreover, we believe based on Nike's remarkable top-line growth as well as margin expansion, the stock will be a sound asset for yield-seeking investors in the near term.
Moreover, Nike aims to increase its global reach and market share by aggressively expanding its operations in the emerging markets, while focusing on direct-to-consumer business and other brands, which augur well for future operating performance. Collectively, these strategies position the company strongly among competitors such as Adidas AG and Brown Shoe Co. Inc. ( BWS ).
Though encouraged by the above mentioned positives, we believe the stock has limited upside potential as these positive attributes are already priced into the stock. Furthermore, we expect soft discretionary spending and intense competition amid rapidly changing customer preferences to undermine Nike's future prospects. Moreover, our Zacks Rank #3 (Hold) for the stock justifies the Neutral stance.
Other Stocks Worth Considering
Better-ranked stocks in the sports retail industry include Skechers USA Inc. ( SKX ) and Deckers Outdoor Corp. ( DECK ). Both the companies carry 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.
|
Other Stocks Worth Considering Better-ranked stocks in the sports retail industry include Skechers USA Inc. ( SKX ) and Deckers Outdoor Corp. ( DECK ). 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. Global leader in sports equipment and apparel, Nike Inc. ( NKE ), remains on our Neutral list with a target price of $82.00.
|
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 Stocks Worth Considering Better-ranked stocks in the sports retail industry include Skechers USA Inc. ( SKX ) and Deckers Outdoor Corp. ( DECK ). We remain impressed with Nike's strong growth and innovation trend that facilitated consistent positive earnings surprises for 6 straight quarters, alongside strong revenue growth and an optimistic guidance.
|
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 Stocks Worth Considering Better-ranked stocks in the sports retail industry include Skechers USA Inc. ( SKX ) and Deckers Outdoor Corp. ( DECK ). We remain impressed with Nike's strong growth and innovation trend that facilitated consistent positive earnings surprises for 6 straight quarters, alongside strong revenue growth and an optimistic guidance.
|
Other Stocks Worth Considering Better-ranked stocks in the sports retail industry include Skechers USA Inc. ( SKX ) and Deckers Outdoor Corp. ( DECK ). 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. We remain impressed with Nike's strong growth and innovation trend that facilitated consistent positive earnings surprises for 6 straight quarters, alongside strong revenue growth and an optimistic guidance.
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7c77ede1-643c-4272-889b-028e0974ab9a
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724702.0
|
2013-12-30 00:00:00 UTC
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Deckers Upgraded to Strong Buy - Analyst Blog
|
DECK
|
https://www.nasdaq.com/articles/deckers-upgraded-to-strong-buy-analyst-blog-2013-12-30
|
nan
|
nan
|
On Dec 28, 2013, Zacks Investment Research upgraded Deckers Outdoor Corporation ( DECK ), the designer and producer of footwear and accessories, to a Zacks Rank #1 (Strong Buy). The stock has amassed a year-to-date return of 118.1%.
Why the Upgrade?
The challenging macroeconomic environment compelled Deckers to resort to various means for repositioning itself and keep afloat. Such measures include focusing on new product introductions, effective cost management and new store openings. 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, buoyed by the expansion of direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation. Deckers' total net sales jumped 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.
Following sturdy results, the analysts become more constructive on the stock's future performance. Consequently, the Zacks Consensus Estimate for 2013 increased 1.5% to $3.94, while for 2014 it rose 2.2% to $4.75 per share in the last 60 days.
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.
Other Stocks that Warrant a Look
Other stocks worth considering in the retail sector include Iconix Brand Group, Inc. ( ICON ), Finish Line Inc. ( FINL ) and The Men's Wearhouse, Inc. ( MW ) all carrying a Zacks Rank #2 (Buy).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
ICONIX BRAND GP (ICON): 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.
|
On Dec 28, 2013, Zacks Investment Research upgraded Deckers Outdoor Corporation ( DECK ), the designer and producer of footwear and accessories, to a Zacks Rank #1 (Strong Buy). The challenging macroeconomic environment compelled Deckers to resort to various means for repositioning itself and keep afloat. This is well reflected through Deckers' better-than-expected third-quarter 2013 bottom-line results.
|
On Dec 28, 2013, Zacks Investment Research upgraded Deckers Outdoor Corporation ( DECK ), the designer and producer of footwear and accessories, to a Zacks Rank #1 (Strong Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report To read this article on Zacks.com click here. The challenging macroeconomic environment compelled Deckers to resort to various means for repositioning itself and keep afloat.
|
On Dec 28, 2013, Zacks Investment Research upgraded Deckers Outdoor Corporation ( DECK ), the designer and producer of footwear and accessories, to a Zacks Rank #1 (Strong Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report To read this article on Zacks.com click here. The challenging macroeconomic environment compelled Deckers to resort to various means for repositioning itself and keep afloat.
|
On Dec 28, 2013, Zacks Investment Research upgraded Deckers Outdoor Corporation ( DECK ), the designer and producer of footwear and accessories, to a Zacks Rank #1 (Strong Buy). The challenging macroeconomic environment compelled Deckers to resort to various means for repositioning itself and keep afloat. This is well reflected through Deckers' better-than-expected third-quarter 2013 bottom-line results.
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8f0de103-b272-46c3-9f42-d248609042d8
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724703.0
|
2013-12-26 00:00:00 UTC
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L Brands Reaffirmed at Neutral - Analyst Blog
|
DECK
|
https://www.nasdaq.com/articles/l-brands-reaffirmed-at-neutral-analyst-blog-2013-12-26
|
nan
|
nan
|
We have maintained our Neutral recommendation on L Brands, Inc. ( LB ), the specialty retailer of women's intimate and other apparel, with a target price of $64.00. The stock currently carries a Zacks Rank #3 (Hold).
Why Reiterate?
We believe that Limited Brands' sustained focus on cost containment, inventory management, merchandise, and speed-to-market initiatives have kept it afloat in a sluggish consumer environment. The company's foray into international markets is likely to provide long-term growth opportunities.
Limited Brands commands a market leading position in the lingerie, personal care and beauty segments. We believe that the company's innovation in merchandise and exclusive assortments remain popular among consumers and sets it apart from peers.
The company's strength was well evident from its third-quarter fiscal 2013 results, wherein earnings of 31 cents a share came ahead of the Zacks Consensus Estimate of 28 cents and rose 19% from the prior-year period. The consumers, who cut back on their discretionary spending during the recession, are now gradually opening their wallets. Retailers are spending more on promotions and coming up with lucrative discounts to drive traffic.
Limited Brands now forecasts earnings in the range of $1.67 to $1.82 for the fourth quarter and between $3.07 and $3.22 per share for fiscal 2013.
However, in the near-term, margins are likely to remain muted on account of probable pressure on merchandise margins. Going forward, management expects gross margins to shrivel year over year both for the fourth quarter and fiscal 2013. Moreover, stiff competition and erratic consumer behavior still remain major causes of concern.
Given the pros and cons, risk and reward fairly balance each other.
Other Stocks to Consider
Other stocks worth considering in the retail sector includes Deckers Outdoor Corp. ( DECK ), The Men's Wearhouse, Inc. ( MW ) and Finish Line Inc. ( FINL ), all carrying a Zacks Rank #2 (Buy).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
L BRANDS INC (LB): 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.
|
Other Stocks to Consider Other stocks worth considering in the retail sector includes Deckers Outdoor Corp. ( DECK ), The Men's Wearhouse, Inc. ( MW ) and Finish Line Inc. ( FINL ), all carrying a Zacks Rank #2 (Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report To read this article on Zacks.com click here. We have maintained our Neutral recommendation on L Brands, Inc. ( LB ), the specialty retailer of women's intimate and other apparel, with a target price of $64.00.
|
Other Stocks to Consider Other stocks worth considering in the retail sector includes Deckers Outdoor Corp. ( DECK ), The Men's Wearhouse, Inc. ( MW ) and Finish Line Inc. ( FINL ), all carrying a Zacks Rank #2 (Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report L BRANDS INC (LB): 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.
|
Other Stocks to Consider Other stocks worth considering in the retail sector includes Deckers Outdoor Corp. ( DECK ), The Men's Wearhouse, Inc. ( MW ) and Finish Line Inc. ( FINL ), all carrying a Zacks Rank #2 (Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report To read this article on Zacks.com click here. We believe that Limited Brands' sustained focus on cost containment, inventory management, merchandise, and speed-to-market initiatives have kept it afloat in a sluggish consumer environment.
|
Other Stocks to Consider Other stocks worth considering in the retail sector includes Deckers Outdoor Corp. ( DECK ), The Men's Wearhouse, Inc. ( MW ) and Finish Line Inc. ( FINL ), all carrying a Zacks Rank #2 (Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report To read this article on Zacks.com click here. We have maintained our Neutral recommendation on L Brands, Inc. ( LB ), the specialty retailer of women's intimate and other apparel, with a target price of $64.00.
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66bcd3d1-31f9-4865-9a4b-9663c0c20730
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724704.0
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2013-12-23 00:00:00 UTC
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Brown Shoe Reaches 52-Week High - Analyst Blog
|
DECK
|
https://www.nasdaq.com/articles/brown-shoe-reaches-52-week-high-analyst-blog-2013-12-23
|
nan
|
nan
|
Shares of footwear retailer Brown Shoe Co. Inc. ( BWS ) reached a 52-week high of $27.72 on Dec 20. The company's share price has been rising ever since the company reported improved third quarter 2013 results and an increase in guidance on Nov 26, 2013.
Shares of Brown Shoe Co. eventually closed at $27.68 on Dec 20, with share prices rising 52.3% year-to-date. Average volume of shares traded over the last three months came in at approximately 320K.
Solid Third Quarter Results
On Nov 26, Brown Shoe Co. delivered solid third quarter results, beating the Zacks Consensus Estimate for both revenue and earnings. Adjusted earnings per share of 63 cents almost doubled from 33 cents reported in the prior-quarter on the back of improved performance in every category. Earnings also increased 5% from the prior-year quarter.
Net sales rose 1% to $702.8 million driven by a 4.9% growth in same-store sales. The upswing in the same-store sales was led by growth in sport slides, canvas shoe styles, sandals and lightweight running products.
Same-store sales spurred 5.6% during the back-to-school season (August-September). During the quarter, the company closed or relocated 22 stores and added 11 new stores, as average revenue per square foot continued to improve.
Though gross profit as a percentage of net sales declined 50 basis points (bps) to 39.6% in the quarter, the company's operating margin improved 50 bps to 6.4%, owing to a 70 bps decline in selling, general and administration expense ratio.
Guidance Upped
Following better-than-expected third quarter results, management at Brown Shoe Company raised its earnings guidance for 2013 to a range of $1.36-$1.40 compared to the earlier expected range of $1.27-$1.32 per share. The company is hopeful that its product portfolio and expense management initiatives will fuel growth in the upcoming quarters. Brown Shoe Co. holds a Zacks Rank #3 (Hold).
Other Stocks to Consider
Better-ranked stocks in the footwear industry include Deckers Outdoor Corp ( DECK ), Iconix Brand Group, Inc. ( ICON ) and Sequential Brands Group, Inc. ( SQBG ). All of them hold 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
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.
|
Other Stocks to Consider Better-ranked stocks in the footwear industry include Deckers Outdoor Corp ( DECK ), Iconix Brand Group, Inc. ( ICON ) and Sequential Brands Group, Inc. ( SQBG ). BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of footwear retailer Brown Shoe Co. Inc. ( BWS ) reached a 52-week high of $27.72 on Dec 20.
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Other Stocks to Consider Better-ranked stocks in the footwear industry include Deckers Outdoor Corp ( DECK ), Iconix Brand Group, Inc. ( ICON ) and Sequential Brands Group, Inc. ( SQBG ). BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report To read this article on Zacks.com click here. The company's share price has been rising ever since the company reported improved third quarter 2013 results and an increase in guidance on Nov 26, 2013.
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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 SEQUENTIAL BRND (SQBG): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Better-ranked stocks in the footwear industry include Deckers Outdoor Corp ( DECK ), Iconix Brand Group, Inc. ( ICON ) and Sequential Brands Group, Inc. ( SQBG ). Solid Third Quarter Results On Nov 26, Brown Shoe Co. delivered solid third quarter results, beating the Zacks Consensus Estimate for both revenue and earnings.
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Other Stocks to Consider Better-ranked stocks in the footwear industry include Deckers Outdoor Corp ( DECK ), Iconix Brand Group, Inc. ( ICON ) and Sequential Brands Group, Inc. ( SQBG ). BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report To read this article on Zacks.com click here. The company's share price has been rising ever since the company reported improved third quarter 2013 results and an increase in guidance on Nov 26, 2013.
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636ddc86-7adc-4c80-ae20-0813aa62865c
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724705.0
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2013-12-23 00:00:00 UTC
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Should You Worry About the Short Interest in Deckers Outdoor Corp (DECK)? - Tale of the Tape
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DECK
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https://www.nasdaq.com/articles/should-you-worry-about-the-short-interest-in-deckers-outdoor-corp-deck-tale-of-the-tape
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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, 32.7% 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, 32.7% 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.
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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, 32.7% 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, 32.7% 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, 32.7% of the float is sold short, suggesting an extreme level of bearishness for DECK.
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7803fc1c-3fbf-44d2-b781-a96d2dba6c17
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724706.0
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2013-12-20 00:00:00 UTC
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Nike Q2 Earnings Beat by a Penny - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/nike-q2-earnings-beat-by-a-penny-analyst-blog-2013-12-20
|
nan
|
nan
|
Sporting gear retailer Nike Inc. ( NKE ) came up with robust second-quarter fiscal 2014 results, on account of a rise in revenue across the globe, higher gross margin and a lower tax rate, offset by elevated SG&A investments in the company's brands and business capabilities.
Nike's earnings from continuing operations of 59 cents per share climbed 4% year over year and beat the Zacks Consensus Estimate by a penny.
Quarter in Detail
Nike's total revenue grew 8% year over year to $6,431 million, while it fell marginally short of the Zacks Consensus Estimate of $6,456 million. Adjusted for the currency impact, Nike's top line grew 9% year over year in the second quarter. The year-over-year rise in revenue was primarily driven by robust performance across all geographical regions and product categories.
During the reported quarter, revenues of NIKE Brand grew 7% year over year to $6,070 million while the Converse segment registered a revenue increase of 14% to $360 million. Improved sales across all product types, regions and categories contributed to the rise in sales at NIKE Brand, while Converse benefited from strong sales in the U.K., North America and China.
Nike's gross profit grew 12% from the year-ago quarter to $2,826 million, and gross margin expanded 140 basis points (bps) to 43.9%. The margin expansion mainly resulted from the mix shift toward higher margin products, rise in average sales prices, lower material input costs and strong performance at the high margin direct-to-Consumer business, partially offset by increased labor expenses and adverse foreign exchange rates.
Selling and administrative expenses rose 14% year over year at $2,088 million, driven by a 14% upside in operating overheads and a 13% increase in demand creation expense. Overhead expenses rose due to increased Direct to Consumer costs, resulting from new store openings and mounting expenses at existing stores as well as investments in digital innovations and other businesses.
On the other hand, demand creation expenses surged due to increased marketing expenses to support new product launches, sponsor customer running events and upcoming global sporting events like the World Cup and Winter Olympics.
Income before interest and other expenses and income taxes for the quarter rose nearly 6.3% year over year to $738 million, while as a percentage of sales it contracted 20 bps to 11.5%.
Balance Sheet
Global inventories increased 11% at the end of quarter to $3,695 million, compared with $3,318 million at the end of the year-ago comparable quarter. The increase was primarily led by a 7% rise in the NIKE Brand wholesale unit inventories.
Nike ended the quarter with cash and short-term investments of $5,187 million, up approximately 47.1% from $3,525 million as of Nov 30, 2012. Increase in cash and cash equivalents was due to proceeds from the issuance of debt, sale of Umbro and Cole Haan businesses and a higher net income.
Moreover, the company has a long-term debt of $1,201 million (excluding current maturities) and shareholders' equity of $11,344 million at the end of the second quarter.
Share Repurchase
During the quarter, this Zacks Rank #3 (Hold) company repurchased 5.5 million shares for about $402 million under its 4-year $8.0 billion stock repurchase program approved in Sep 2012. Since the beginning of this new stock repurchase program, Nike has repurchased 29.2 million shares under the program for nearly $1.7 billion or $58.82 per share.
Futures Orders
Global futures orders for NIKE Brand footwear and apparel scheduled for delivery from Dec 2013 through Apr 2014 were up 12% to $10.4 billion.
Outlook
Looking ahead, Nike projects revenue to grow in the high-single digit to low-double digit range for the third quarter and in the low double-digit range in the fourth quarter. As a result, fiscal 2014 revenue is expected in the high-single to low-double digit range.
Further, the company expects gross margin to expand 25 basis points each in the third and fourth quarters and 75 basis points in fiscal 2014. The upside in the second half of fiscal 2014 is based on continued gain from mix shift to higher margin products, higher average selling prices and continued strength in the DTC business. However, the company expects costs to rise due to higher raw material costs, increased discounts to clear excess inventory as well as higher labor expenses and currency impact.
SG&A expenses in the third quarter are expected to increase in the high-teens range, based on a 20% and more rise in demand creation expenses due to increased spending to support key sporting events and a high-teens growth in overhead expenses due to ongoing investments in strategic initiatives. Full year SG&A expenses are projected in the low-teens rate.
Effective tax rate in fiscal 2014 is expected to be about 25%.
Other Stocks to Consider
Better-performing stocks in the retail industry include Deckers Outdoor Corporation ( DECK ), Iconix Brnad Group Inc. ( ICON ) and Sequential Brands Group Inc. ( SQBG ). All of these have a Zacks Rank #2 (Buy).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (ICON): Free Stock Analysis Report
NIKE INC-B (NKE): 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 Stocks to Consider Better-performing stocks in the retail industry include Deckers Outdoor Corporation ( DECK ), Iconix Brnad Group Inc. ( ICON ) and Sequential Brands Group Inc. ( SQBG ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report To read this article on Zacks.com click here. Sporting gear retailer Nike Inc. ( NKE ) came up with robust second-quarter fiscal 2014 results, on account of a rise in revenue across the globe, higher gross margin and a lower tax rate, offset by elevated SG&A investments in the company's brands and business capabilities.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Better-performing stocks in the retail industry include Deckers Outdoor Corporation ( DECK ), Iconix Brnad Group Inc. ( ICON ) and Sequential Brands Group Inc. ( SQBG ). The margin expansion mainly resulted from the mix shift toward higher margin products, rise in average sales prices, lower material input costs and strong performance at the high margin direct-to-Consumer business, partially offset by increased labor expenses and adverse foreign exchange rates.
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Other Stocks to Consider Better-performing stocks in the retail industry include Deckers Outdoor Corporation ( DECK ), Iconix Brnad Group Inc. ( ICON ) and Sequential Brands Group Inc. ( SQBG ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report To read this article on Zacks.com click here. Quarter in Detail Nike's total revenue grew 8% year over year to $6,431 million, while it fell marginally short of the Zacks Consensus Estimate of $6,456 million.
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Other Stocks to Consider Better-performing stocks in the retail industry include Deckers Outdoor Corporation ( DECK ), Iconix Brnad Group Inc. ( ICON ) and Sequential Brands Group Inc. ( SQBG ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Free Stock Analysis Report To read this article on Zacks.com click here. During the reported quarter, revenues of NIKE Brand grew 7% year over year to $6,070 million while the Converse segment registered a revenue increase of 14% to $360 million.
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d2298015-913b-4970-b306-88345d9ebe16
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724707.0
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2013-12-11 00:00:00 UTC
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Nike, Inc. (NKE) Ex-Dividend Date Scheduled for December 12, 2013
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DECK
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https://www.nasdaq.com/articles/nike-inc-nke-ex-dividend-date-scheduled-december-12-2013-2013-12-11
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nan
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nan
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Nike, Inc. ( NKE ) will begin trading ex-dividend on December 12, 2013. A cash dividend payment of $0.24 per share is scheduled to be paid on January 06, 2014. Shareholders who purchased NKE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 14.29% increase over the prior quarter. At the current stock price of $79.22, the dividend yield is 1.21%.
The previous trading day's last sale of NKE was $79.22, representing a -1.3% decrease from the 52 week high of $80.26 and a 63.68% increase over the 52 week low of $48.40.
NKE is a part of the Consumer Non-Durables sector, which includes companies such as Wolverine World Wide, Inc. ( WWW ) and Deckers Outdoor Corporation ( DECK ). NKE's current earnings per share, an indicator of a company's profitability, is $2.96. Zacks Investment Research reports NKE's forecasted earnings growth in 2014 as 13.48%, compared to an industry average of 12.8%.
For more information on the declaration, record and payment dates, visit the NKE Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to NKE through an Exchange Traded Fund [ETF]?
The following ETF(s) have NKE as a top-10 holding:
iShares Dow Jones U.S. Consumer Goods Index Fund ( IYK )
Select Sector SPDR Fund - Consumer Discretionary ( XLY )
Vanguard Consumer Discretionary ETF ( VCR )
Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF ( RCD )
PowerShares Fundamental Pure Large Growth Portfolio ( PXLG ).
The top-performing ETF of this group is VCR with an increase of 10.03% over the last 100 days. IYK has the highest percent weighting of NKE at 2.97%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 Wolverine World Wide, Inc. ( WWW ) and Deckers Outdoor Corporation ( DECK ). 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 13.48%, compared to an industry average of 12.8%.
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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 Wolverine World Wide, Inc. ( WWW ) and Deckers Outdoor Corporation ( DECK ). The following ETF(s) have NKE as a top-10 holding: iShares Dow Jones U.S. Consumer Goods Index Fund ( IYK ) Select Sector SPDR Fund - Consumer Discretionary ( XLY ) Vanguard Consumer Discretionary ETF ( VCR ) Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF ( RCD ) PowerShares Fundamental Pure Large Growth Portfolio ( PXLG ).
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NKE is a part of the Consumer Non-Durables sector, which includes companies such as Wolverine World Wide, Inc. ( WWW ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased NKE stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of NKE was $79.22, representing a -1.3% decrease from the 52 week high of $80.26 and a 63.68% increase over the 52 week low of $48.40.
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NKE is a part of the Consumer Non-Durables sector, which includes companies such as Wolverine World Wide, Inc. ( WWW ) and Deckers Outdoor Corporation ( DECK ). Shareholders who purchased NKE stock prior to the ex-dividend date are eligible for the cash dividend payment. NKE's current earnings per share, an indicator of a company's profitability, is $2.96.
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9a4a40a1-e5b1-415b-836e-e3fbacb33c55
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724708.0
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2013-12-09 00:00:00 UTC
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Genesco Q3 Earnings Beat Estimates - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/genesco-q3-earnings-beat-estimates-analyst-blog-2013-12-09
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nan
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nan
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Genesco Inc. ( GCO ), a retailer and wholesaler of branded footwear, apparel, and accessories, posted third-quarter fiscal 2014 adjusted earnings of $1.43 per share, ahead of the Zacks Consensus Estimate of $1.37. However, quarterly earnings declined by a penny from the year-ago quarter.
On a reported basis, the company's earnings from continuing operations came in at $1.18 per share compared with $1.76 per share in the year-ago quarter.
The Quarter in Detail
Net sales improved by a marginal 0.3% year over year to $666.3 million and was above the Zacks Consensus Estimate of $663 million. Top-line results during the quarter were impacted by a 1% decline in comparable-store sales (comps). Though on the negative side, the company's comps reflected a meager improvement compared with the recent quarters, driven by healthier comparisons at the U.S.-based retail businesses through the third quarter.
On a segmental basis, the company witnessed a 2% decline in Journeys Group's comps and a 10% downside in Schuh Group comps, offset by an increase of 5% in Lids Sports Group's comps and 7% rise in Johnston & Murphy Group's comps.
Selling and administrative expenses reflected a 1.4% increase compared to the year-ago quarter, taking the aggregate to $283.7 million. Moreover, as a percentage of sales, selling and administrative expenses expanded 50 basis points to 42.6% compared with 42.1% in the third quarter of fiscal 2013.
Consequently, operating income declined 13.3% in the quarter to $47.0 million compared with $54.2 million in the previous year. Operating margin contracted 110 basis points to 7.1% from 8.2% reported in the prior-year quarter.
Financials
Genesco ended the third quarter of fiscal 2014 with $32.3 million of cash and cash equivalents, $92.4 million of long-term debt and $861.6 million of shareholders' equity. As of Nov 2, 2013, inventories totaled $694.3 million compared with $600.3 million as of Oct 27, 2012.
Stores Update
In the reported quarter, Genesco opened about 62 new retail outlets and shuttered nearly 13 stores. Consequently, the company's store base expanded to a total of 2,537 stores as of Nov 2, 2013, compared with 2,488 as of Aug 3, 2013. Permanent store locations, excluding Schuh Concessions, which are expected to close this year and temporary "pop-up" locations, were 2,532 at the end of the third quarter of fiscal 2014.
Outlook Retained
Genesco projects fiscal 2014 adjusted earnings to be in the range of $5.10 - $5.20 per share, versus $5.06 per share reported in the year-ago quarter. The Zacks Consensus Earnings Estimate of $5.20 per share is in sync with the upper-end of the company's guidance. The company's guidance is based on a comparable sales decline in the low single digit range for the fiscal year and a low single digit gain in the fourth quarter.
Moreover, the company remains well-positioned for a sustainable earnings and sales growth given the smooth progress on its long-term strategic initiatives. Following a recent review of the company's 5-year plan, it now expects to reach yearly sales of $3.9 billion with about 9% - 9.5% in operating margin by fiscal 2018.
Other Stocks to Consider
Genesco currently holds a Zacks Rank #4 (Sell). Better-ranked stocks in the apparel-shoe space are Citi Trends Inc. ( CTRN ), Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), all of which carry a Zacks Rank #2 (Buy).
CITI TRENDS INC (CTRN): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
GENESCO INC (GCO): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the apparel-shoe space are Citi Trends Inc. ( CTRN ), Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), all of which carry a Zacks Rank #2 (Buy). CITI TRENDS INC (CTRN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report GENESCO INC (GCO): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Genesco Inc. ( GCO ), a retailer and wholesaler of branded footwear, apparel, and accessories, posted third-quarter fiscal 2014 adjusted earnings of $1.43 per share, ahead of the Zacks Consensus Estimate of $1.37.
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Better-ranked stocks in the apparel-shoe space are Citi Trends Inc. ( CTRN ), Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), all of which carry a Zacks Rank #2 (Buy). CITI TRENDS INC (CTRN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report GENESCO INC (GCO): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. The company's guidance is based on a comparable sales decline in the low single digit range for the fiscal year and a low single digit gain in the fourth quarter.
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CITI TRENDS INC (CTRN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report GENESCO INC (GCO): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the apparel-shoe space are Citi Trends Inc. ( CTRN ), Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), all of which carry a Zacks Rank #2 (Buy). On a reported basis, the company's earnings from continuing operations came in at $1.18 per share compared with $1.76 per share in the year-ago quarter.
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Better-ranked stocks in the apparel-shoe space are Citi Trends Inc. ( CTRN ), Deckers Outdoor Corp. ( DECK ) and Nike Inc. ( NKE ), all of which carry a Zacks Rank #2 (Buy). CITI TRENDS INC (CTRN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report GENESCO INC (GCO): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. On a reported basis, the company's earnings from continuing operations came in at $1.18 per share compared with $1.76 per share in the year-ago quarter.
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e60b86fb-6359-4168-816c-cb4aad9defbf
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724709.0
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2013-12-06 00:00:00 UTC
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Pacific Sunwear Q3 Loss In Line - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/pacific-sunwear-q3-loss-in-line-analyst-blog-2013-12-06
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nan
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nan
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Anaheim, CA-based specialty retailer Pacific Sunwear of California Inc. ( PSUN ) reported its third-quarter fiscal 2013 results wherein it incurred a loss of 5 cents a share, wider than a loss of 2 cents in the comparable prior-year period, on an adjusted basis. The quarterly loss came in line with the Zacks Consensus Estimate.
Earnings were majorly impacted by the 53rd week calendar shift, in the absence of which the company would have reported break-even results compared to last year.
On a reported basis, the company posted earnings of 23 cents a share from continuing operations, significantly up from 5 cents delivered in the year-ago quarter.
Exploring Further
Net sales dropped 4.1% to $206.6 million, almost in line with the Zacks Consensus Estimate of $206 million. Sales were also primarily impacted by the calendar shift.
However, same-store sales for the quarter inched up 1%, representing the 7th consecutive quarter of positive same store sales. For November, it rose 6% on the back of robust Black Friday sales, strong emerging brands and an exclusive range of products.
Adjusted gross profit slipped 14.2% to $51.9 million with the gross margin contracting 300 basis points to 25.1%.
Operating loss was $2.2 million compared to an operating profit of $1.1 million in the prior-year quarter.
Adjusted selling, general and administrative (SG&A) expenses in the reported quarter were approximately $53.9 million, down 9.1%, year on year.
Financial Update
Pacific Sunwear ended the quarter with cash and cash equivalents of $19.9 million, long-term debt of $80.7 million, and shareholders' equity of $40.3 million.
Store Update
During the third quarter, this sports and fashion retailer opened 4 new stores and closed 13, taking the total store count to 635 (comprising 517 PacSun Core stores and 118 PacSun Outlet stores) , spanning about 2.5 million square foot.
Going Forward
In the fourth quarter of fiscal 2013, the company expects loss between 12-17 cents, taking into account the effects of calendar shift. Management projects revenue between $216 million and $225 million.
Moreover, management forecasts same-store sales to range between 1-5%, gross margin to contract further and lie somewhere between 21-24% and SG&A to come in the range of $61-63 million, in the coming quarter.
Other Stocks to Consider
Pacific Sunwear, one of the leading seller of clothing, footwear and accessories, currently holds a Zacks Rank #4 (Sell). Other better-ranked stocks in the related industry include Fossil Group, Inc. ( FOSL ), Deckers Outdoor Corp. ( DECK ) and ANTA Sports Products Ltd ( ANPDF ), all carrying a Zacks Rank #2 (Buy).
ANTA SPORTS PRD (ANPDF): Get Free Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FOSSIL GRP INC (FOSL): Free Stock Analysis Report
PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 stocks in the related industry include Fossil Group, Inc. ( FOSL ), Deckers Outdoor Corp. ( DECK ) and ANTA Sports Products Ltd ( ANPDF ), all carrying a Zacks Rank #2 (Buy). ANTA SPORTS PRD (ANPDF): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FOSSIL GRP INC (FOSL): Free Stock Analysis Report PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings were majorly impacted by the 53rd week calendar shift, in the absence of which the company would have reported break-even results compared to last year.
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Other better-ranked stocks in the related industry include Fossil Group, Inc. ( FOSL ), Deckers Outdoor Corp. ( DECK ) and ANTA Sports Products Ltd ( ANPDF ), all carrying a Zacks Rank #2 (Buy). ANTA SPORTS PRD (ANPDF): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FOSSIL GRP INC (FOSL): Free Stock Analysis Report PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report To read this article on Zacks.com click here. Operating loss was $2.2 million compared to an operating profit of $1.1 million in the prior-year quarter.
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ANTA SPORTS PRD (ANPDF): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FOSSIL GRP INC (FOSL): Free Stock Analysis Report PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report To read this article on Zacks.com click here. Other better-ranked stocks in the related industry include Fossil Group, Inc. ( FOSL ), Deckers Outdoor Corp. ( DECK ) and ANTA Sports Products Ltd ( ANPDF ), all carrying a Zacks Rank #2 (Buy). Financial Update Pacific Sunwear ended the quarter with cash and cash equivalents of $19.9 million, long-term debt of $80.7 million, and shareholders' equity of $40.3 million.
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Other better-ranked stocks in the related industry include Fossil Group, Inc. ( FOSL ), Deckers Outdoor Corp. ( DECK ) and ANTA Sports Products Ltd ( ANPDF ), all carrying a Zacks Rank #2 (Buy). ANTA SPORTS PRD (ANPDF): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report FOSSIL GRP INC (FOSL): Free Stock Analysis Report PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings were majorly impacted by the 53rd week calendar shift, in the absence of which the company would have reported break-even results compared to last year.
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2013-11-27 00:00:00 UTC
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Chico's Misses on Q3 Earnings & Revs - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/chicos-misses-on-q3-earnings-revs-analyst-blog-2013-11-27
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nan
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nan
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Fort Myers, Florida based specialty retailer, Chico's FAS, Inc. ( CHS ) reported third-quarter fiscal 2013 adjusted earnings per share of 22 cents, down 12.0% from the year-ago quarter and short of the Zacks Consensus Estimate of 24 cents.
After incorporating the effects of the non-cash goodwill of Boston Proper and trade name impairment expenses, Chico's reported a net loss of 18 cents a share for the quarter compared to earnings of 25 cents per share in the year-ago quarter.
Quarter in Detail
Net sales rose 3.0% year over year to $655.6 million in the quarter but missed the Zacks Consensus Estimate of $666.0 million. The top line in the quarter mainly benefited from the opening of 115 net new stores, which led to square footage growth of 8.6%.
Comparable store sales (comps) in the quarter fell 1.4% against a 9.9% increase reported in the year-ago quarter, reflecting both decreased traffic and strong year-ago comparisons.
In the reported quarter, Chico's/Soma Intimates comparable store sales declined 3.3% as against an 11.6% rise last year and White House| Black Market (WHBM) brands' same store sales rose 2.5% compared with a 6.4% rise last year.
Gross profit for this Zacks Rank #3 (Hold) company dropped 0.1% to $364.0 million, while gross margin contracted 170 basis points (bps) from the year-ago quarter to 55.5%. 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.
Operating loss was roughly $17 million compared to an operating income of $66.6 million in the year-ago quarter. This was primarily due to increased SG&A and impairment expenses.
Selling, general and administrative (SG&A) expenses in the reported quarter were $308.5 million, up 3.8% from the year-ago level. As a percentage of sales, SG&A expenses expanded 40 bps from the prior-year quarter to 47.1%, 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.
Financial Update
Chico ended the quarter with cash and marketable securities of $249.8 million, compared with $371.5 million in the year ago quarter, and shareholders' equity of $1,036.4 million..
The company spent $35 million during the quarter to buy back 2.1 million shares under its ongoing $300 million share repurchase program that was authorized in Feb 2013. Currently, the company has shares worth nearly $180 million remaining under its share repurchase program.
Store Update
During the quarter, this retailer of women's clothing and accessories opened 44 outlets and closed one, taking the total store count to 1470.
Outlook and Dividend Update
The company is optimistic about its long-term outlook, given its strong financial status and capability to generate substantial cash flow consistently. Taking cue from this, the company's board declared a cash dividend of 7.5 cents for the quarter, up 2 cents from third quarter 2013. On annualized basis, the dividend hike reflects a 36% jump. This dividend will be paid on Dec 23, 2013, to stockholders of record as on Dec 9, 2013.
Chico's dividend has approximately doubled since 2010, during which it returned $553 million to its stockholders through dividends and share buybacks, reflecting its focus on boosting shareholder value.
Other Stocks to Consider
Some other better-ranked apparel/shoe retailers include DSW Inc. ( DSW ), ANTA Sports Products Limited ( ANPDF ) and Deckers Outdoor Corp. ( DECK ), each holding a Zacks Rank #2 (Buy).
ANTA SPORTS PRD (ANPDF): Get Free Report
CHICOS FAS INC (CHS): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
DSW INC CL-A (DSW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 Some other better-ranked apparel/shoe retailers include DSW Inc. ( DSW ), ANTA Sports Products Limited ( ANPDF ) and Deckers Outdoor Corp. ( DECK ), each holding a Zacks Rank #2 (Buy). ANTA SPORTS PRD (ANPDF): Get Free Report CHICOS FAS INC (CHS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report To read this article on Zacks.com click here. The top line in the quarter mainly benefited from the opening of 115 net new stores, which led to square footage growth of 8.6%.
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Other Stocks to Consider Some other better-ranked apparel/shoe retailers include DSW Inc. ( DSW ), ANTA Sports Products Limited ( ANPDF ) and Deckers Outdoor Corp. ( DECK ), each holding a Zacks Rank #2 (Buy). ANTA SPORTS PRD (ANPDF): Get Free Report CHICOS FAS INC (CHS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report To read this article on Zacks.com click here. After incorporating the effects of the non-cash goodwill of Boston Proper and trade name impairment expenses, Chico's reported a net loss of 18 cents a share for the quarter compared to earnings of 25 cents per share in the year-ago quarter.
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Other Stocks to Consider Some other better-ranked apparel/shoe retailers include DSW Inc. ( DSW ), ANTA Sports Products Limited ( ANPDF ) and Deckers Outdoor Corp. ( DECK ), each holding a Zacks Rank #2 (Buy). ANTA SPORTS PRD (ANPDF): Get Free Report CHICOS FAS INC (CHS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report To read this article on Zacks.com click here. After incorporating the effects of the non-cash goodwill of Boston Proper and trade name impairment expenses, Chico's reported a net loss of 18 cents a share for the quarter compared to earnings of 25 cents per share in the year-ago quarter.
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Other Stocks to Consider Some other better-ranked apparel/shoe retailers include DSW Inc. ( DSW ), ANTA Sports Products Limited ( ANPDF ) and Deckers Outdoor Corp. ( DECK ), each holding a Zacks Rank #2 (Buy). ANTA SPORTS PRD (ANPDF): Get Free Report CHICOS FAS INC (CHS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report To read this article on Zacks.com click here. After incorporating the effects of the non-cash goodwill of Boston Proper and trade name impairment expenses, Chico's reported a net loss of 18 cents a share for the quarter compared to earnings of 25 cents per share in the year-ago quarter.
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acadc1a5-e241-4ad8-ba91-9957c111f10a
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724711.0
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2013-11-27 00:00:00 UTC
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Men's Wearhouse (MW) in Focus: Stock Gains 7.5% - Tale of the Tape
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DECK
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https://www.nasdaq.com/articles/mens-wearhouse-mw-in-focus%3A-stock-gains-7.5-tale-of-the-tape-2013-11-27
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nan
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nan
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The Men's Wearhouse, Inc. ( MW ) was a big mover last session, as the company saw its shares rise by nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up over 19% since Nov 6.
This specialty apparel retailer has seen a lack of estimate revisions in the past one month. Thus, the Zacks Consensus Estimate has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Men's Wearhouse currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the retail-apparel/shoe industry may consider stocks like Deckers Outdoor Corp. ( DECK ), DSW Inc. ( DSW ) and ANTA Sports Products Limited ( ANPDF ). All these 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 >>
ANTA SPORTS PRD (ANPDF): Get Free Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
DSW INC CL-A (DSW): 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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Investors interested in the retail-apparel/shoe industry may consider stocks like Deckers Outdoor Corp. ( DECK ), DSW Inc. ( DSW ) and ANTA Sports Products Limited ( ANPDF ). Click to get this free report >> ANTA SPORTS PRD (ANPDF): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report To read this article on Zacks.com click here. The Men's Wearhouse, Inc. ( MW ) was a big mover last session, as the company saw its shares rise by nearly 8% on the day.
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Investors interested in the retail-apparel/shoe industry may consider stocks like Deckers Outdoor Corp. ( DECK ), DSW Inc. ( DSW ) and ANTA Sports Products Limited ( ANPDF ). Click to get this free report >> ANTA SPORTS PRD (ANPDF): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DSW INC CL-A (DSW): 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.
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Click to get this free report >> ANTA SPORTS PRD (ANPDF): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the retail-apparel/shoe industry may consider stocks like Deckers Outdoor Corp. ( DECK ), DSW Inc. ( DSW ) and ANTA Sports Products Limited ( ANPDF ). Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors interested in the retail-apparel/shoe industry may consider stocks like Deckers Outdoor Corp. ( DECK ), DSW Inc. ( DSW ) and ANTA Sports Products Limited ( ANPDF ). Click to get this free report >> ANTA SPORTS PRD (ANPDF): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report To read this article on Zacks.com click here. The Men's Wearhouse, Inc. ( MW ) was a big mover last session, as the company saw its shares rise by nearly 8% on the day.
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a21df20e-4108-48b7-9fab-3a16ec0f4525
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724712.0
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2013-11-25 00:00:00 UTC
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Iconix Reiterated at Outperform - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/iconix-reiterated-at-outperform-analyst-blog-2013-11-25
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nan
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nan
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On Nov 22, we reiterated our Outperform recommendation on Iconix Brand Group, Inc ( ICON ) given its solid third quarter 2013 results and an enhanced guidance for the year.
Why the Reiteration?
Iconix reported solid third quarter 2013 results on Oct 30. Earnings of 59 cents increased 44% from the year-ago earnings, bolstered by top-line growth, strategic acquisitions and lower share count owing to buybacks. Earnings also surpassed the Zacks Consensus Estimate.
Total revenue surged 24% year over year to $107.2 million backed by the company's recent acquisitions (Umbro, Buffalo and Lee Cooper) and continued focus on international expansion, which includes the new joint venture in Australia. The formation of this new joint venture in Australia contributed approximately $5 million to the current quarter's revenues. Revenues however slightly missed the Zacks Consensus Estimate.
Following the solid third quarter 2013 result, Iconix raised its 2013 adjusted earnings guidance to $2.30-$2.40 per share from the previously announced range of $2.20-$2.30 per share. The company has raised its earnings guidance in all the three quarters of 2013, which reflects the company's growth potential. Moreover, Iconix expects to deliver over 20% revenue and earnings per share growth for 2013.
After the strong third quarter results and the increase in guidance, most estimates were revised higher. The Zacks Consensus Estimate for 2013 went up 1.7% to $2.33 per share. For 2014, the Zacks Consensus Estimate increased 0.8% to $2.46 per share.
Iconix's overall growth story looks compelling. This clothing brand licensing company has been aggressively acquiring brands and entering into joint ventures to expand its portfolio. Most recently, the company purchased approximately 14.4% minority interest in Complex Media, a multi-media lifestyle company and owner of Complex magazine and its online counterpart, Complex.com in Sep 2013. In Jul 2013, the company purchased a 10% minority interest in Marcy Media, which is a multi-media portfolio company. In May, it added the rest of Ecko and Marc Ecko Cut & Sew under its banner.
In late Feb 2013, Iconix acquired the renowned lifestyle brand Lee Cooper and earlier in the same month formed a joint venture with Buffalo International ULC to acquire a 51% interest in the latter's Buffalo David Bitton brand. The acquisition of the renowned football brand Umbro from Nike, Inc. ( NKE ) in Dec 2012 added another iconic brand to its portfolio.
Iconix holds a Zacks Rank #2 (Buy).
Other Stocks to Consider
Other stocks in the consumer discretionary sector worth considering are Deckers Outdoor Corp ( DECK ) and Sequential Brands Group, Inc. ( SQBG ). Both of them hold a Zacks Rank #2.
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (ICON): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
SEQUENTIAL BRND (SQBG): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Other stocks in the consumer discretionary sector worth considering are Deckers Outdoor Corp ( DECK ) and Sequential Brands Group, Inc. ( SQBG ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Get Free Report To read this article on Zacks.com click here. On Nov 22, we reiterated our Outperform recommendation on Iconix Brand Group, Inc ( ICON ) given its solid third quarter 2013 results and an enhanced guidance for the year.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Get Free Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks in the consumer discretionary sector worth considering are Deckers Outdoor Corp ( DECK ) and Sequential Brands Group, Inc. ( SQBG ). Total revenue surged 24% year over year to $107.2 million backed by the company's recent acquisitions (Umbro, Buffalo and Lee Cooper) and continued focus on international expansion, which includes the new joint venture in Australia.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Get Free Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks in the consumer discretionary sector worth considering are Deckers Outdoor Corp ( DECK ) and Sequential Brands Group, Inc. ( SQBG ). Following the solid third quarter 2013 result, Iconix raised its 2013 adjusted earnings guidance to $2.30-$2.40 per share from the previously announced range of $2.20-$2.30 per share.
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Other Stocks to Consider Other stocks in the consumer discretionary sector worth considering are Deckers Outdoor Corp ( DECK ) and Sequential Brands Group, Inc. ( SQBG ). DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report SEQUENTIAL BRND (SQBG): Get Free Report To read this article on Zacks.com click here. On Nov 22, we reiterated our Outperform recommendation on Iconix Brand Group, Inc ( ICON ) given its solid third quarter 2013 results and an enhanced guidance for the year.
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c6b00b11-f9d3-4134-8f12-a3471bebd8d5
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724713.0
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2013-11-14 00:00:00 UTC
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Strength Seen in Deckers Outdoor Corp. (DECK): Stock Rises 5.5% - Tale of the Tape
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DECK
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https://www.nasdaq.com/articles/strength-seen-in-deckers-outdoor-corp.-deck%3A-stock-rises-5.5-tale-of-the-tape-2013-11-14
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nan
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nan
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Deckers Outdoor Corp. ( DECK ) was a big mover last session, as the company saw its shares rise roughly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock has risen about 25% in the past one-month time frame.
This shoes and apparel retailer has seen 7 positive revisions over the past 30 days, while its Zacks Consensus Estimate moved higher over the same time period, suggesting that more solid trading could be ahead for Deckers. So make sure to keep an eye on this stock going forward to see if yesterday's gain can turn into more strength down the road.
Deckers Outdoor Corp currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Other well-placed stocks in the same industry include Iconix Brand Group, Inc. ( ICON ), Nike, Inc. ( NKE ) and ANTA Sports Products Limited ( ANPDF ). All these stocks hold the same Zacks Rank as Deckers.
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 >>
ANTA SPORTS PRD (ANPDF): Get Free Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (ICON): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. ( DECK ) was a big mover last session, as the company saw its shares rise roughly 6% on the day. This shoes and apparel retailer has seen 7 positive revisions over the past 30 days, while its Zacks Consensus Estimate moved higher over the same time period, suggesting that more solid trading could be ahead for Deckers. Deckers Outdoor Corp currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
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Click to get this free report >> ANTA SPORTS PRD (ANPDF): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ) was a big mover last session, as the company saw its shares rise roughly 6% on the day. This shoes and apparel retailer has seen 7 positive revisions over the past 30 days, while its Zacks Consensus Estimate moved higher over the same time period, suggesting that more solid trading could be ahead for Deckers.
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This shoes and apparel retailer has seen 7 positive revisions over the past 30 days, while its Zacks Consensus Estimate moved higher over the same time period, suggesting that more solid trading could be ahead for Deckers. Click to get this free report >> ANTA SPORTS PRD (ANPDF): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ) was a big mover last session, as the company saw its shares rise roughly 6% on the day.
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This shoes and apparel retailer has seen 7 positive revisions over the past 30 days, while its Zacks Consensus Estimate moved higher over the same time period, suggesting that more solid trading could be ahead for Deckers. Deckers Outdoor Corp. ( DECK ) was a big mover last session, as the company saw its shares rise roughly 6% on the day. Deckers Outdoor Corp currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
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c3420c17-8030-41a0-ae04-444a9d04bca8
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724714.0
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2013-11-14 00:00:00 UTC
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New Stock Coverage: Mattress Firm Holding Set to Sleep With the Fishes?
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DECK
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https://www.nasdaq.com/articles/new-stock-coverage-mattress-firm-holding-set-sleep-fishes-2013-11-14
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nan
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nan
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A 111-year-old wooden escalator might seem a slightly archaic way of moving equities to all-time highs, but yesterday it did just fine for Macy's ( M ). Its stock surged 9.39% to top all S&P 500 (INDEXSP:.INX) issues on a day that both the index and Dow Industrials (INDEXDJX:.DJI) each reached fresh peaks. (US markets were also carried skyward on the wings of a dove .) With stocks heading north in a hurry, Canada's own Lululemon Athletica ( LULU ) advanced 3.03% on a broker boost . Its Vancouver-born CEO Chip Wilson remains incredibly controversial, however, and - unlike countryman Rob Ford - can't even blame being drunk and on crack for his increasingly inane comments . Facebook ( FB ) stock rose 4.52% amid news it tried to buy Snapchat, so beloved of furtive adolescents . (And post-menopausal German politicians petrified about privacy , although in Angela Merkel's case "POS" refers to "Potential Obama Snooping" as opposed to "Parent Over Shoulder".) Elsewhere, Gisele Bundchen continues to out-earn her hubbie , but it must now be a mighty close-run thing. This as a rating reduction sent the supermodel's Banco do Brasil (OTCMKTS:BDORY) down 0.85% on a day Tom Brady's Ugg boots kicked into high gear, with Deckers Outdoor ( DECK ) jumping another 5.49% to a new best.
In terms of events that may move US markets this morning, the confirmation hearing for Janet Yellen to head the Fed commences at 10:00 a.m. Eastern. Regarding specific stocks, expect earnings announcements out of Agilent ( A ), Applied Materials (AMAT), Burberry (OTCMKTS:BURBY), Helmerich & Payne (HP), Kohl's Corp (KSS), Manchester United (MANU), Merck KGaA (OTCMKTS:MKGAY), Nordstrom (JWN), Tyco (TYC), Viacom (VIAB), Vivendi (OTCMKTS:VIVHY), and Wal-Mart Stores (WMT).
Bright Horizons (BFAM): Wells Fargo starts the starts the stock at Outperform.
BurlingtonStores (BURL): Burlington Stores, owner of the eponymous Coat Factory, is begun with an upbeat Outperform at BMO Capital, whose price objective is $33. Bank of America-Merrill Lynch assigns an equally bullish Buy on Burlington Stores, a recent initial public offering.
Echo Global Logistics (ECHO): Cowen covers the company with an Outperform. Its target price is $23 on a stock it says may benefit from acquisition activity among transportation brokers.
Essent Group (ESNT): The mortgage investment outfit is an Outperform at JMP Securities, whose objective is $25.
Heritage Oaks Bancorp (HEOP): Keefe Bruyette has an Outperform, and $9 target, on HEOP.
Mattress Firm Holding Corp (MFRM): Mattress Firm Holding Corp, up 1.68% yesterday, is today launched with a squishy Neutral at Longbow. Over the past 12 months, Mattress Firm Holding Corp stock is up 21.02%
Oil Stocks : BP Plc (BP) is a new Neutral at Credit Suisse, which rates rival Royal Dutch Shell (NYSE:RDS.A) an Outperform.
SanDisk (SNDK): Brokerage boutique Drexel Hamilton starts SanDisk at a Buy. Since November 2012, SanDisk stock is up an extremely impressive 72.74%.
(See also: Stock Upgrades: Sony Shows Why It's Good to Be George Clooney and Stock Downgrades: Cisco Systems on Route to Ruin )
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This as a rating reduction sent the supermodel's Banco do Brasil (OTCMKTS:BDORY) down 0.85% on a day Tom Brady's Ugg boots kicked into high gear, with Deckers Outdoor ( DECK ) jumping another 5.49% to a new best. Its Vancouver-born CEO Chip Wilson remains incredibly controversial, however, and - unlike countryman Rob Ford - can't even blame being drunk and on crack for his increasingly inane comments . (And post-menopausal German politicians petrified about privacy , although in Angela Merkel's case "POS" refers to "Potential Obama Snooping" as opposed to "Parent Over Shoulder".)
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This as a rating reduction sent the supermodel's Banco do Brasil (OTCMKTS:BDORY) down 0.85% on a day Tom Brady's Ugg boots kicked into high gear, with Deckers Outdoor ( DECK ) jumping another 5.49% to a new best. Mattress Firm Holding Corp (MFRM): Mattress Firm Holding Corp, up 1.68% yesterday, is today launched with a squishy Neutral at Longbow. Over the past 12 months, Mattress Firm Holding Corp stock is up 21.02% Oil Stocks : BP Plc (BP) is a new Neutral at Credit Suisse, which rates rival Royal Dutch Shell (NYSE:RDS.A) an Outperform.
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This as a rating reduction sent the supermodel's Banco do Brasil (OTCMKTS:BDORY) down 0.85% on a day Tom Brady's Ugg boots kicked into high gear, with Deckers Outdoor ( DECK ) jumping another 5.49% to a new best. Regarding specific stocks, expect earnings announcements out of Agilent ( A ), Applied Materials (AMAT), Burberry (OTCMKTS:BURBY), Helmerich & Payne (HP), Kohl's Corp (KSS), Manchester United (MANU), Merck KGaA (OTCMKTS:MKGAY), Nordstrom (JWN), Tyco (TYC), Viacom (VIAB), Vivendi (OTCMKTS:VIVHY), and Wal-Mart Stores (WMT). Over the past 12 months, Mattress Firm Holding Corp stock is up 21.02% Oil Stocks : BP Plc (BP) is a new Neutral at Credit Suisse, which rates rival Royal Dutch Shell (NYSE:RDS.A) an Outperform.
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This as a rating reduction sent the supermodel's Banco do Brasil (OTCMKTS:BDORY) down 0.85% on a day Tom Brady's Ugg boots kicked into high gear, with Deckers Outdoor ( DECK ) jumping another 5.49% to a new best. A 111-year-old wooden escalator might seem a slightly archaic way of moving equities to all-time highs, but yesterday it did just fine for Macy's ( M ). Its stock surged 9.39% to top all S&P 500 (INDEXSP:.INX) issues on a day that both the index and Dow Industrials (INDEXDJX:.DJI) each reached fresh peaks.
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59267f0c-2708-42eb-b93a-63ac72d5c550
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724715.0
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2013-11-12 00:00:00 UTC
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Stock Upgrades: SeaWorld Set to Make a Splash
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DECK
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https://www.nasdaq.com/articles/stock-upgrades-seaworld-set-make-splash-2013-11-12
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nan
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nan
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For Veterans Day, a 21-gun salute. (True, the Dow (INDEXDJX:.DJI) actually ended up 21.32 but that's close enough for government work, especially on a day Federal offices were closed.) It was indeed All Quiet on the Western Front , with Wall Street trading volume predictably anemic, but US stock markets still reached new records, with blue chips hitting their 35th historic high of 2013. Yesterday was what Europeans call Armistice Day, when The Guns of August finally fell silent. The carnage at Flanders fields is remembered with a poppy ; far better that than an unlovedLilly ( LLY ), for whom the bloom is off the rose. Elsewhere, investors got their kicks from soccer side Manchester United ( MANU ), which gained 2.88%, and BT Group ( BT ), which scored a broker boost after buying rights to broadcast Europe's fútbol for $1.4 billion. (Nice to know the bankrupt continent can come up with big bucks for truly important stuff.) And on the day eternally youthful Leonardo DiCaprio entered his 40th year, investors need not have worried about the delay of his Wolf of Wall Street . For, with surging Ugg boots maker Deckers Outdoor ( DECK ) adding on another 5.13%, you are far better off in sheep's clothing.
There isn't any top-tier economic data due today to move US markets. In terms of specific stocks, Ascent Capital ( ASCMA ), Babcock & Wilcox (BWC), Dean Foods (DF), Dish Networks (DISH), D.R. Horton (DHI), EchoStar (SATS), MBIA Inc (MBI), Potbelly (PBPB), Sina Corp (SINA), Vodafone (VOD), and WuXi PharmaTech (WX) are all due to release results.
BioCryst Pharmaceuticals (BCRX): Bank of America-Merrill Lynch lifts the biotech to Neutral from Underperform.
Cinema Stocks : Cinemark (CNK) is now Buy from Neutral at Janney, which gives an identical upgrade to rival Regal Entertainment (RGC). Its price objective on Regal Entertainment also increases, by $5 to $26. Over the past year, shares of Regal Entertainment have risen 19.39%.
Crosstex Energy (XTEX): RBC Capital lifts the limited partnership to Outperform from Sector Perform with a $29 target price amid increasing organic growth. (Please read here for more on MLPs.)
E-House (China) Holdings (EJ): Goldman Sachs gives the stock a Buy-from-Neutral boost. Its increased objective is $13.
Embraer (ERJ): The Brazilian business jet maker is moved to Neutral from Sell.
Emulex (ELX): Piper Jaffray juices the stock to Overweight from Neutral.
Gazprom (OTCMKTS:OGZPY): The Russian energy giant gets upgraded Overweight from Neutral.
Kite Realty (KRG): Shares are moved to Market Perform from Underperform with Wells Fargo.
LeapFrog Enterprises (LF): LeapFrog enterprises, which endured a terribly tough time of it last week , is today taken to Outperform from Market Perform by BMO Capital Markets. Over the past 12 months, LeapFrog Enterprises stock has lost 4.10%, although shares are currently rebounding before the bell as a result of the analyst's activity.
MedAssets (MDAS): Citing a favorable valuation, brokerage boutique B. Riley boosts the healthcare information outfit to Buy from Neutral.
SeaWorld Entertainment (SEAS): Citigroup increases its investment assessment on SeaWorld Entertainment to Buy from Neutral. SeaWorld Entertainment was the recent, and reluctant, subject of a distinctly unflattering killer whale documentary .
Western Union (WU): The money-transfer titan gets moved to Overweight from Equal Weight at First Analysis.
(See also: New Stock Coverage: Unconfined Joy for The Container Store and Stock Downgrades: Gogo Is Grounded )
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For, with surging Ugg boots maker Deckers Outdoor ( DECK ) adding on another 5.13%, you are far better off in sheep's clothing. It was indeed All Quiet on the Western Front , with Wall Street trading volume predictably anemic, but US stock markets still reached new records, with blue chips hitting their 35th historic high of 2013. Crosstex Energy (XTEX): RBC Capital lifts the limited partnership to Outperform from Sector Perform with a $29 target price amid increasing organic growth.
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For, with surging Ugg boots maker Deckers Outdoor ( DECK ) adding on another 5.13%, you are far better off in sheep's clothing. Over the past year, shares of Regal Entertainment have risen 19.39%. (See also: New Stock Coverage: Unconfined Joy for The Container Store and Stock Downgrades: Gogo Is Grounded ) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For, with surging Ugg boots maker Deckers Outdoor ( DECK ) adding on another 5.13%, you are far better off in sheep's clothing. Cinema Stocks : Cinemark (CNK) is now Buy from Neutral at Janney, which gives an identical upgrade to rival Regal Entertainment (RGC). SeaWorld Entertainment (SEAS): Citigroup increases its investment assessment on SeaWorld Entertainment to Buy from Neutral.
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For, with surging Ugg boots maker Deckers Outdoor ( DECK ) adding on another 5.13%, you are far better off in sheep's clothing. Over the past year, shares of Regal Entertainment have risen 19.39%. LeapFrog Enterprises (LF): LeapFrog enterprises, which endured a terribly tough time of it last week , is today taken to Outperform from Market Perform by BMO Capital Markets.
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2a55aaf5-5f59-4644-9239-aeba9e601f44
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724716.0
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2013-11-06 00:00:00 UTC
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Is A Short Squeeze Ahead for Deckers Outdoor Corp (DECK)? - Tale of the Tape
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DECK
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https://www.nasdaq.com/articles/is-a-short-squeeze-ahead-for-deckers-outdoor-corp-deck-tale-of-the-tape-2013-11-06
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nan
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nan
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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, 32.2% 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.
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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, 32.2% 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.
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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, 32.2% 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.
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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, 32.2% of the float is sold short, suggesting an extreme level of bearishness for DECK.
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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, 32.2% of the float is sold short, suggesting an extreme level of bearishness for DECK.
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4ef1aa05-e41e-4c00-ae25-8f3e682d4b2b
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724717.0
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2013-10-30 00:00:00 UTC
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Iconix Beats on Solid Q3 Earnings, Ups 2013 View - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/iconix-beats-on-solid-q3-earnings-ups-2013-view-analyst-blog-2013-10-30
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nan
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nan
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Iconix Brand Group, Inc. ( ICON ) posted third quarter 2013 adjusted earnings of 59 cents per share, beating the Zacks Consensus Estimate of 51 cents by 15.7% and the year-ago earnings of 41 cents by 44%. The upswing in earnings can be attributed to solid revenues, strategic acquisitions and lower share count owing to share buyback.
Quarter in Detail
Though revenues slightly missed the Zacks Consensus Estimate of $108 million, total revenue in the quarter surged 24% year over year to $107.2 million. The results were driven by the company's strong brand portfolio, recent acquisitions (Umbro, Buffalo and Lee Cooper) and continued focus on international expansion, which includes the new joint venture in Australia.
The formation of this new joint venture in Australia contributed approximately $5 million to the current quarter's revenues. Similarly, in the prior quarter, the formation of the company's joint venture in Canada had contributed approximately $9.8 million to revenues.
On a year-over-year basis, earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 27% to $65.6 million in the third quarter.
Iconix exited the quarter with free cash flow of $54.3 million compared with $60.8 million at the end of the second quarter of 2013.
In the third quarter, Iconix bought back 3.1 million shares at an average price of $27.07. The company now has $250 million remaining under the $300 million stock repurchase program. Since the initiation of the share repurchase program in Oct 2011, the company has repurchased approximately $551 million of its stock.
Guidance for 2013
Following the solid third quarter 2013 earnings, Iconix raised its 2013 adjusted earnings guidance to $2.30-$2.40 per share from the previously announced range of $2.20-$2.30 per share. The company has been raising its guidance since the last three quarters, which thus reflects the company's growth potential. Moreover, Iconix expects to deliver over 20% revenue and earnings per share growth for 2013.
Iconix reaffirmed its revenue guidance in the range of $425-$435 million. Free cash flow is expected in the range of $203-$210 million for 2013.
Guidance for 2014
Iconix also provided earnings and revenue guidance for 2014. The company expects revenues in the range of $440 million-$455 million. Adjusted earnings are expected in the range of $2.50-2.60 per share for 2014. Free cash flow is expected in the range of $210-$217 million.
Going forward, the company expects international expansion to boost organic growth for its brands. The company expects revenues from the non-consolidated joint ventures to be approximately $25 million for 2013 and $44 million for 2014.
Iconix's overall growth story looks compelling. This clothing brand licensing company has been aggressively acquiring brands and entering into joint ventures to expand its portfolio, having added the rest of Ecko and Marc Ecko Cut & Sew under its banner in May 2013.
In Feb 2013, Iconix acquired the renowned lifestyle brand Lee Cooper and formed a joint venture with Buffalo International ULC to acquire a 51% interest in the latter's Buffalo David Bitton brand. The acquisition of the renowned football brand Umbro from Nike, Inc. ( NKE ) in Dec 2012 added an iconic brand to its portfolio.
Iconix holds a Zacks Rank #3 (Hold). Other stocks in the consumer discretionary sector that are performing well and are therefore worth considering include Brown Shoe Co Inc ( BWS ) and Deckers Outdoor Corporation ( DECK ). While Brown Shoe holds a Zacks Rank #1 (Strong Buy), Deckers carries 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
NIKE INC-B (NKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other stocks in the consumer discretionary sector that are performing well and are therefore worth considering include Brown Shoe Co Inc ( BWS ) and Deckers Outdoor Corporation ( DECK ). While Brown Shoe holds a Zacks Rank #1 (Strong Buy), Deckers carries 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 NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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While Brown Shoe holds a Zacks Rank #1 (Strong Buy), Deckers carries 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 NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks in the consumer discretionary sector that are performing well and are therefore worth considering include Brown Shoe Co Inc ( BWS ) and Deckers Outdoor Corporation ( DECK ).
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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 NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks in the consumer discretionary sector that are performing well and are therefore worth considering include Brown Shoe Co Inc ( BWS ) and Deckers Outdoor Corporation ( DECK ). While Brown Shoe holds a Zacks Rank #1 (Strong Buy), Deckers carries a Zacks Rank #2 (Buy).
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Other stocks in the consumer discretionary sector that are performing well and are therefore worth considering include Brown Shoe Co Inc ( BWS ) and Deckers Outdoor Corporation ( DECK ). While Brown Shoe holds a Zacks Rank #1 (Strong Buy), Deckers carries 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 NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here.
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bdd07f2e-5d37-470c-a21e-01e6cfe8e10e
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724718.0
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2013-10-29 00:00:00 UTC
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Skechers Down to Neutral - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-down-to-neutral-analyst-blog-2013-10-29
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nan
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nan
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On Oct 24, 2013, we downgraded our recommendation on footwear retailer Skechers USA Inc. ( SKX ) to Neutral due to its lower-than-expected third-quarter 2013 results.
Why Neutral?
Estimates for Skechers have been declining ever since it reported third-quarter results on Oct 23. The company's third-quarter revenues of $515.8 million and earnings per share (EPS) of 53 cents missed the Zacks Consensus Estimate of $519.0 million and 61 cents, respectively.
Following the release of third-quarter results, the Zacks Consensus Estimate for 2013 went down 5.5% to $1.04 per share. The Zacks Consensus Estimate for 2014 also declined 3.9% to $1.73 per share. As a result of both these downward revisions, the company now has a Zacks Rank #4 (Sell).
Though the results were below expectations, both top and bottom line registered year over year growth. The quarterly earnings did increase over twofold, while revenue registered growth of 20.1% owing to strong sales across domestic and international wholesale operations, and company-owned retail and e-Commerce businesses.
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.
The pros and cons embedded in the stock supports our unbiased view on the stock.
Other Stocks that Warrant a Look
While we prefer to wait for an upward revision in Skechers' Zacks rank other apparel and shoe retailers worth considering include Deckers Outdoor Corp. ( DECK ), Nike, Inc. ( NKE ) and Brown Shoe Co. Inc . ( BWS ). While Brown Shoe carries a Zacks Rank #1 (Strong Buy), both Nike and Deckers have 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 Stocks that Warrant a Look While we prefer to wait for an upward revision in Skechers' Zacks rank other apparel and shoe retailers worth considering include Deckers Outdoor Corp. ( DECK ), Nike, Inc. ( NKE ) and Brown Shoe Co. Inc . While Brown Shoe carries a Zacks Rank #1 (Strong Buy), both Nike and Deckers have 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.
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Other Stocks that Warrant a Look While we prefer to wait for an upward revision in Skechers' Zacks rank other apparel and shoe retailers worth considering include Deckers Outdoor Corp. ( DECK ), Nike, Inc. ( NKE ) and Brown Shoe Co. Inc . While Brown Shoe carries a Zacks Rank #1 (Strong Buy), both Nike and Deckers have 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.
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Other Stocks that Warrant a Look While we prefer to wait for an upward revision in Skechers' Zacks rank other apparel and shoe retailers worth considering include Deckers Outdoor Corp. ( DECK ), Nike, Inc. ( NKE ) and Brown Shoe Co. Inc . While Brown Shoe carries a Zacks Rank #1 (Strong Buy), both Nike and Deckers have 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.
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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 Stocks that Warrant a Look While we prefer to wait for an upward revision in Skechers' Zacks rank other apparel and shoe retailers worth considering include Deckers Outdoor Corp. ( DECK ), Nike, Inc. ( NKE ) and Brown Shoe Co. Inc . While Brown Shoe carries a Zacks Rank #1 (Strong Buy), both Nike and Deckers have a Zacks Rank #2 (Buy).
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3ac9be4c-c6d6-4846-9154-a436da8a16a4
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724719.0
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2013-10-28 00:00:00 UTC
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Stock Downgrades: Crocs Takes a Walk on the Wild Side
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DECK
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https://www.nasdaq.com/articles/stock-downgrades-crocs-takes-walk-wild-side-2013-10-28
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nan
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nan
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When even Miley Cyrus keeps her clothes on in an appearance at Cipriani Wall Street , there was never any danger of investors losing their shirts to naked short selling last week. Instead, the S&P 500 Index (INDEXSP:.INX) rose to a new record. Among stocks on the move, Apple Inc. ( AAPL ) jumped 3.4% because, well, when you are trying to be an innovative tech company, having a 77-year-old write a letter urging share buybacks is exactly want you need to hear. Elsewhere American Express ( AXP ), headquartered in New York's World Financial Center, finished Friday at the highest level in its history, a touching tribute to Paul Reichmann, who died the same day and put the edifice on the map . Tom Brady has a hand injury but the Ugg boot-endorser saw Deckers Outdoor ( DECK ) surge some 17.61%. Regardless of what is on one's foot, taking A Random Walk Down Wall Street will never be such fun again, now that we can't do it on the wild side. Rest in peace, Lou Reed .
This morning in economic data, September pending home sales are due at 10:00 a.m. Eastern. On the corporate front, just under half of the S&P 500 Index (INDEXSP:.INX) have now released quarterly results. Today's announcements are expected to include América Móvil ( AMX ), Apple ( AAPL ), Biogen Idec ( BIIB ), Herbalife (HLF), Linn Energy (LINE), Loews Corporation (L), Masco (MAS), Merck (MRK), Riverbed Technology (RVBD), Seagate Technology (STX), and TNT Express (OTCMKTS:TNTEY).
ARM Holdings (ARMH): The Benchmark Company slashes this chip stock, a key Apple Inc. ( AAPL ) supplier, to Hold from Buy. Its price target is also taken lower, by $4 to $50.
Audience (ADNC): Shares are now Hold from Buy at Benchmark amid the broker's less optimistic outlook on the overall semiconductor sector.
Baidu Inc. (BIDU): The Chinese Internet outfit is now Hold from Buy at BNP Paribas.
Boeing (BA): Buckingham Research reduces the key Dow (INDEXDJX:.DJI) component, which hit the highest level in its history last week, to Neutral from Buy.
Choice Hotels (CHH): Robert W. Baird reduces its rating to Underperform from Neutral, citing both comparatively slow growth and a relatively rich stock valuation. (Note that shares also scored an upgrade today.)
Crocs, Inc. (CROC): The maker of colorful plastic clogs gets cut to Neutral from Overweight at Piper Jaffray, whose concerns include increased discounting and "choppy" recent trends in the US.
Exelon (EXC): Goldman Sachs slashes the nuclear power play to Sell from Neutral.
Lear Corporation (LEA): LEA is lowered to Hold from Buy at Deutsche Bank.
Lloyds Banking Group (LYG): Investec takes the British financial firm to Hold from Buy.
Owens Corning (OC): The building materials name is now Neutral from Buy at Bank of America-Merrill Lynch.
Public Service Enterprise Group (PEG): Shares are reduced to Sell from Neutral at Goldman.
SandRidge Permian Trust (PER): RBC Capital Markets moves the stock to Underperform from Sector Perform. Its price objective, previously $17, is now $14.
Shoe Carnival (SCVL): The footwear firm, previously Buy, is now Neutral at Sterne Agee.
Transocean (RIG): Goldman lowers the oil services outfit to Sell from Neutral.
Trimble Navigation (TRMB): TRMB is taken to Hold from Buy at Needham.
(See also: Stock Upgrades: AstraZeneca Has It Covered From A to Z and New Stock Coverage: Fate Therapeutics Leaves Nothing to Chance )
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tom Brady has a hand injury but the Ugg boot-endorser saw Deckers Outdoor ( DECK ) surge some 17.61%. Elsewhere American Express ( AXP ), headquartered in New York's World Financial Center, finished Friday at the highest level in its history, a touching tribute to Paul Reichmann, who died the same day and put the edifice on the map . Boeing (BA): Buckingham Research reduces the key Dow (INDEXDJX:.DJI) component, which hit the highest level in its history last week, to Neutral from Buy.
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Tom Brady has a hand injury but the Ugg boot-endorser saw Deckers Outdoor ( DECK ) surge some 17.61%. ARM Holdings (ARMH): The Benchmark Company slashes this chip stock, a key Apple Inc. ( AAPL ) supplier, to Hold from Buy. Lear Corporation (LEA): LEA is lowered to Hold from Buy at Deutsche Bank.
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Tom Brady has a hand injury but the Ugg boot-endorser saw Deckers Outdoor ( DECK ) surge some 17.61%. ARM Holdings (ARMH): The Benchmark Company slashes this chip stock, a key Apple Inc. ( AAPL ) supplier, to Hold from Buy. Lear Corporation (LEA): LEA is lowered to Hold from Buy at Deutsche Bank.
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Tom Brady has a hand injury but the Ugg boot-endorser saw Deckers Outdoor ( DECK ) surge some 17.61%. Among stocks on the move, Apple Inc. ( AAPL ) jumped 3.4% because, well, when you are trying to be an innovative tech company, having a 77-year-old write a letter urging share buybacks is exactly want you need to hear. ARM Holdings (ARMH): The Benchmark Company slashes this chip stock, a key Apple Inc. ( AAPL ) supplier, to Hold from Buy.
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df9411b3-61db-4774-b894-0e60f5b5b280
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724720.0
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2013-10-28 00:00:00 UTC
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Carter's Shares Fall, Despite Earnings Beat - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/carters-shares-fall-despite-earnings-beat-analyst-blog-2013-10-28
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nan
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nan
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The market seems to be muted on Carter's Inc. 's ( CRI ) third-quarter 2013 performance as the stock fell marginally by 0.4% within a day of the earnings announcement. The company posted quarterly earnings of $1.12 per share that beat the Zacks Consensus Estimate of $1.09 and rose 9.8% from the prior-year quarter.
However, on a reported basis, earnings fell 2% to 97 cents a share, reflecting the impact of office consolidation expenses, revaluation and amortization.
Carter's, one of the leading providers of clothing and related products for kids, reported nets sales of $760.2 million that surged 13.7% on the back of its compelling brands, promotional strategies and multi-channel business model. Net Sales also handily surpassed the Zacks Consensus Estimate of $750 million.
Gross profit rose 14.7% to $309.6 million with the margin increasing 30 basis points to 40.7% of net sales. Adjusted operating income for the quarter saw a year-over-year rise of 7.1% to $104.2 million from $97.3 million, with the margin falling approximately 90 basis points to 13.7% of sales.
Segmental Information
Carter's retail sales increased 15.5% to $251.0 million owing to increment in sales worth $19.2 million from new outlets, 52.5% rise in sales from e-Commerce operations and a 0.5% rise in same-store sales. These were partly offset by store closures, which reduced sales by $1 million. Wholesale sales went up 15.6% to $318.6 million
OshKosh B'gosh retail sales rose 4.9% to $81.9 million, backed by a 38.8% rise in e-Commerce sales, sales benefit of $2.8 million from new outlets and a 1% increase in same-store sales, partly offset by a $2.8 million decline in sales owing to store closures. Wholesale sales declined 13.1% to $24.6 million.
International sales advanced 21.1% to $84.1 million owing to the robust performance of the company's wholesale channel and Canadian retail segment. However, same-store sales dropped 3.6%. Alongside, the segment reported sales worth $3.9 million from its Japanese business.
Store Update
During the third quarter of 2013, 17 new Carter's retail stores were opened bringing the number to 455 and 7 new OshKosh B'gosh retail stores taking the count to 170 in the United States.
Other Financial Updates
On Aug 12, 2013 Carter's issued senior notes worth $400 million bearing a coupon rate of 5.25% due Aug 15, 2021. Carter's took this initiative to enhance its capital structure. On account of this, the company received net amount of $394.2 million.
In the third quarter, the company bought back 226,400 shares for $16.4 million. Under its accelerated stock repurchase program the company bought back roughly 4.6 million shares worth $328.4 million, as of Sep 28, 2013.
Financials
This biggest marketer of babies' and kids' apparel and other related items in America ended the quarter with cash and cash equivalents of $201.8 million, long-term debt of $586.0 million and shareholders' equity of $658.9 million.
Outlook
For the final quarter of 2013, the management envisions a 9-10% increase in net sales and a 10-15% rise in the adjusted earnings a share, compared to the last quarter of 2012.
For full-year 2013, Carter's estimates net sales and adjusted earnings per share to be up by 10% and roughly 15-17% from 2012, respectively.
Other Stocks to Consider
Carter's Inc.'s carries a Zacks Rank #3 (Hold). However, some other companiesin the shoes and related apparel sector that warrant a look include Brown Shoe Co. Inc. ( BWS ), with a Zacks Rank #1 (Strong Buy) and ANTA Sports Products Ltd ( ANPDF ) and Deckers Outdoor Corp. ( DECK ), both carrying a Zacks Rank #2 (Buy).
ANTA SPORTS PRD (ANPDF): Get Free Report
BROWN SHOE CO (BWS): Free Stock Analysis Report
CARTERS INC (CRI): 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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However, some other companiesin the shoes and related apparel sector that warrant a look include Brown Shoe Co. Inc. ( BWS ), with a Zacks Rank #1 (Strong Buy) and ANTA Sports Products Ltd ( ANPDF ) and Deckers Outdoor Corp. ( DECK ), both carrying a Zacks Rank #2 (Buy). ANTA SPORTS PRD (ANPDF): Get Free Report BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. However, on a reported basis, earnings fell 2% to 97 cents a share, reflecting the impact of office consolidation expenses, revaluation and amortization.
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However, some other companiesin the shoes and related apparel sector that warrant a look include Brown Shoe Co. Inc. ( BWS ), with a Zacks Rank #1 (Strong Buy) and ANTA Sports Products Ltd ( ANPDF ) and Deckers Outdoor Corp. ( DECK ), both carrying a Zacks Rank #2 (Buy). ANTA SPORTS PRD (ANPDF): Get Free Report BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Wholesale sales went up 15.6% to $318.6 million OshKosh B'gosh retail sales rose 4.9% to $81.9 million, backed by a 38.8% rise in e-Commerce sales, sales benefit of $2.8 million from new outlets and a 1% increase in same-store sales, partly offset by a $2.8 million decline in sales owing to store closures.
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ANTA SPORTS PRD (ANPDF): Get Free Report BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. However, some other companiesin the shoes and related apparel sector that warrant a look include Brown Shoe Co. Inc. ( BWS ), with a Zacks Rank #1 (Strong Buy) and ANTA Sports Products Ltd ( ANPDF ) and Deckers Outdoor Corp. ( DECK ), both carrying a Zacks Rank #2 (Buy). Segmental Information Carter's retail sales increased 15.5% to $251.0 million owing to increment in sales worth $19.2 million from new outlets, 52.5% rise in sales from e-Commerce operations and a 0.5% rise in same-store sales.
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However, some other companiesin the shoes and related apparel sector that warrant a look include Brown Shoe Co. Inc. ( BWS ), with a Zacks Rank #1 (Strong Buy) and ANTA Sports Products Ltd ( ANPDF ) and Deckers Outdoor Corp. ( DECK ), both carrying a Zacks Rank #2 (Buy). ANTA SPORTS PRD (ANPDF): Get Free Report BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Segmental Information Carter's retail sales increased 15.5% to $251.0 million owing to increment in sales worth $19.2 million from new outlets, 52.5% rise in sales from e-Commerce operations and a 0.5% rise in same-store sales.
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fed7fdc4-b6a2-4075-813c-2e4e771d4918
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724721.0
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2013-10-25 00:00:00 UTC
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Alliance Fiber Optics expands due to huge demand
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DECK
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https://www.nasdaq.com/articles/alliance-fiber-optics-expands-due-huge-demand-2013-10-25
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nan
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nan
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Alliance Fiber Optics expands due to huge demand
Julian Close 10/25/2013
Shares of Alliance Fiber Optic Products ( AFOP ) are soaring this Friday morning after the company announced earnings and revenue in excess of The Street's forecast. The company earned $0.32 per share where The Street had been expecting $0.29, increased its revenue by 86% over the year-ago quarter and provided guidance that their fourth quarter revenue would be up 80% from the year-ago quarter.
Alliance Fiber Optic Products ( AFOP ) designs and manufactures components and modules for fiber optic communications.
Deckers Outdoor ( DECK ) and QLogic ( QLGC ) top the list of other companies with positive news today, while Qlik Technologies ( QLIK ) and Synaptics ( SYNA ) top the list of companies with negative news.
IK-> The technicals for AFOP are bearish with a possible trend reversal. It has support at $19 and is above resistance. The stock is up 16% today at $20.21. The company reported earnings on October 24. Look at the January 15/17.5 bull-put spread for at least a $0.40 credit. Use Limit Orders. This trade has a target return of 19% and the stock has to fall 13.4% to cause a problem. [InvestorsKeyhole, Various news and data services]
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Originally published on InvestorsObserver.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor ( DECK ) and QLogic ( QLGC ) top the list of other companies with positive news today, while Qlik Technologies ( QLIK ) and Synaptics ( SYNA ) top the list of companies with negative news. Alliance Fiber Optics expands due to huge demand Julian Close 10/25/2013 Shares of Alliance Fiber Optic Products ( AFOP ) are soaring this Friday morning after the company announced earnings and revenue in excess of The Street's forecast. IK-> The technicals for AFOP are bearish with a possible trend reversal.
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Deckers Outdoor ( DECK ) and QLogic ( QLGC ) top the list of other companies with positive news today, while Qlik Technologies ( QLIK ) and Synaptics ( SYNA ) top the list of companies with negative news. Alliance Fiber Optics expands due to huge demand Julian Close 10/25/2013 Shares of Alliance Fiber Optic Products ( AFOP ) are soaring this Friday morning after the company announced earnings and revenue in excess of The Street's forecast. Alliance Fiber Optic Products ( AFOP ) designs and manufactures components and modules for fiber optic communications.
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Deckers Outdoor ( DECK ) and QLogic ( QLGC ) top the list of other companies with positive news today, while Qlik Technologies ( QLIK ) and Synaptics ( SYNA ) top the list of companies with negative news. Alliance Fiber Optics expands due to huge demand Julian Close 10/25/2013 Shares of Alliance Fiber Optic Products ( AFOP ) are soaring this Friday morning after the company announced earnings and revenue in excess of The Street's forecast. The company earned $0.32 per share where The Street had been expecting $0.29, increased its revenue by 86% over the year-ago quarter and provided guidance that their fourth quarter revenue would be up 80% from the year-ago quarter.
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Deckers Outdoor ( DECK ) and QLogic ( QLGC ) top the list of other companies with positive news today, while Qlik Technologies ( QLIK ) and Synaptics ( SYNA ) top the list of companies with negative news. Alliance Fiber Optics expands due to huge demand Julian Close 10/25/2013 Shares of Alliance Fiber Optic Products ( AFOP ) are soaring this Friday morning after the company announced earnings and revenue in excess of The Street's forecast. IK-> The technicals for AFOP are bearish with a possible trend reversal.
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724722.0
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2013-10-25 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-2013-10-25
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nan
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nan
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Deckers Outdoor Corporation ( DECK ) posted third-quarter 2013 earnings of 95 cents a share that surpassed the Zacks Consensus Estimate of 72 cents, buoyed by expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation.
However, the quarterly earnings dropped significantly by 19.5% from $1.18 earned in the year-ago quarter due to higher selling, general and administrative expenses (up 20.8%).
Deckers' total net sales jumped 2.7% year over year to $386.7 million and came almost in line with the Zacks Consensus Estimate. Earlier, management had anticipated revenue to climb 2.5% for the quarter under review.
During the quarter, the company's domestic sales declined 1.4% year over year to $238.8 million. However, international sales rose 10.3% to $147.9 million.
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 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 1.3% to $337 million, primarily due to an increase in direct-to-consumer business on account of new store openings and the commencement of new e-Commerce websites, partly offset by a fall in domestic wholesale sales. The company during the quarter opened 15 UGG brand outlets with major openings coming up in Asia. Deckers anticipates opening 36 outlets this year (24 in Asia), and remains on track to take the store count to 113 by the end of the year.
Teva brand net sales showed a marginal improvement of 0.6% to $18 million, reflecting a rise in wholesale and direct-to-consumer sales globally, partly offset by a drop in international distributor sales.
Sales for the Sanuk brand, known for its exclusive sandals and shoes, were $18.4 million, up 0.5% from the year-ago quarter, reflecting higher wholesale sales globally and rise in domestic direct-to-consumer sales, offset by a decline in distributor sales, principally in the Asia Pacific region and in Canada.
Combined net sales of Deckers' Other brands for the quarter were $13.3 million that surged 81.3% year over year on the back of HOKA ONE ONE brand, acquired in Sep 2012.
Retail Stores sales ascended 34.5% to $52.6 million, propelled by the opening of 37 new stores after third-quarter 2012 and comparable-store sales growth of 1.9%. Deckers witnessed comps growth in high teens in China, a low double-digit increase in Japan, a low single-digit rise in the European region, partly offset by a low single-digit decline in the U.S. comps.
e-Commerce sales surged 12.2% to $14.9 million, reflecting robust demand of the UGG brand in international markets and the inclusion of new international eCommerce websites.
Gross profit climbed 4.8% to $166.9 million from the comparable prior-year quarter, whereas gross margin expanded 90 basis points to 43.2%. Deckers reported operating income of $46.5 million, down 22% from the prior-year period, whereas operating margin contracted 380 basis points to 12%.
Other Financial Aspects
Deckers ended the quarter with cash and cash equivalents of $84.1 million, up significantly from $61.6 million in the prior-year quarter. Shareholders' equity was $755.8 million at the end of the quarter. Inventories declined 8.6% year over year to $444.6 million. The company had borrowings of $245.5 million under its credit facility.
Management anticipates capital expenditures between $85 million and $90 million for 2013.
During the quarter, Deckers did not buy back any shares. As of Sep 30, the company had $79.3 million remaining at its disposal under its $200 million share repurchase authorization declared in Jul 2012.
Guidance
This Zacks Rank #1 (Strong Buy) stock continues to project total revenue growth of 8% for 2013, anticipating an increase of 7% to 8% in UGG brand sales, flat to marginally down sales at Teva brand, 5% increase in Sanuk brand sales and sales worth $39 million from other brands.
Management now envisions a 10% rise in 2013 earnings per share, up from 8% predicted earlier.
Deckers reiterated revenue growth of 14.5% for the fourth quarter, however, with some selling, general and administrative expenses coming in the fourth quarter from the third quarter, earnings per share are forecasted to surge 32% from the year-ago quarter, down from 38% projected earlier.
Other Stocks to Consider
Besides Deckers, other stocks worth considering include Carter's, Inc. ( CRI ) and Brown Shoe Co. Inc. ( BWS ), both carrying a Zacks Rank #1 (Strong Buy) and Nike, Inc. ( NKE ) sporting a Zacks Rank #2 (Buy).
BROWN SHOE CO (BWS): Free Stock Analysis Report
CARTERS INC (CRI): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation ( DECK ) posted third-quarter 2013 earnings of 95 cents a share that surpassed the Zacks Consensus Estimate of 72 cents, buoyed by expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation. Deckers' total net sales jumped 2.7% year over year to $386.7 million and came almost in line with the Zacks Consensus Estimate. Rising sheepskin costs has always been a concern for Deckers.
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Other Stocks to Consider Besides Deckers, other stocks worth considering include Carter's, Inc. ( CRI ) and Brown Shoe Co. Inc. ( BWS ), both carrying a Zacks Rank #1 (Strong Buy) and Nike, Inc. ( NKE ) sporting a Zacks Rank #2 (Buy). BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation ( DECK ) posted third-quarter 2013 earnings of 95 cents a share that surpassed the Zacks Consensus Estimate of 72 cents, buoyed by expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation.
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Combined net sales of Deckers' Other brands for the quarter were $13.3 million that surged 81.3% year over year on the back of HOKA ONE ONE brand, acquired in Sep 2012. Deckers Outdoor Corporation ( DECK ) posted third-quarter 2013 earnings of 95 cents a share that surpassed the Zacks Consensus Estimate of 72 cents, buoyed by expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation. Deckers' total net sales jumped 2.7% year over year to $386.7 million and came almost in line with the Zacks Consensus Estimate.
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Deckers anticipates opening 36 outlets this year (24 in Asia), and remains on track to take the store count to 113 by the end of the year. Combined net sales of Deckers' Other brands for the quarter were $13.3 million that surged 81.3% year over year on the back of HOKA ONE ONE brand, acquired in Sep 2012. Deckers Outdoor Corporation ( DECK ) posted third-quarter 2013 earnings of 95 cents a share that surpassed the Zacks Consensus Estimate of 72 cents, buoyed by expanding direct-to-consumer operations, omnichannel strategies, effective inventory management and optimum capital allocation.
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b3ea9cae-2f17-4b44-a12f-f71a3b6578fb
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724723.0
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2013-10-24 00:00:00 UTC
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Unusual earnings play in Deckers
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DECK
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https://www.nasdaq.com/articles/unusual-earnings-play-deckers-2013-10-24
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nan
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nan
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Deckers Outdoor reports earnings tonight, and traders are looking for a quick move.
optionMONSTER's Heat Seeker monitoring system detected the purchase of 2,000 Weekly 60 calls expiring tomorrow for $2.05. An equal number of December 67.50 calls was sold at the same time for $1.25. Volume was more than twice the previous open interest at each strike, indicating that new positions were initiated.
Known as a diagonal spread , the trade is designed to time a move in the stock price. If DECK rallies above $60 by tomorrow's close, the investor will be required to buy shares. He or she will then have a covered-call position against the December 67.50s. (See our Education section)
The benefit of the strategy is that it offers exposure to a rally at a cost of just $0.80, with potential profit of $6.67. If the footwear retailer drops, the trader will be naked short calls, but those December contracts will then also be cheaper to buy back.
DECK is down 0.38 percent to $57.62 in midday trading. It enjoyed a huge rally between 2009 and late 2011 but then lost 80 percent of its value in the next 12 months. The stock rebounded sharply in the last year and is now trying to hold support at its 100-day moving average.
Total option volume is slightly above average in the name, with calls outnumbering puts by 8 to 1.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor reports earnings tonight, and traders are looking for a quick move. If DECK rallies above $60 by tomorrow's close, the investor will be required to buy shares. DECK is down 0.38 percent to $57.62 in midday trading.
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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. Deckers Outdoor reports earnings tonight, and traders are looking for a quick move. If DECK rallies above $60 by tomorrow's close, the investor will be required to buy shares.
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Deckers Outdoor reports earnings tonight, and traders are looking for a quick move. If DECK rallies above $60 by tomorrow's close, the investor will be required to buy shares. DECK is down 0.38 percent to $57.62 in midday trading.
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DECK is down 0.38 percent to $57.62 in midday trading. Deckers Outdoor reports earnings tonight, and traders are looking for a quick move. If DECK rallies above $60 by tomorrow's close, the investor will be required to buy shares.
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03371075-a9a7-4286-b6a3-379900989d6e
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724724.0
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2013-10-24 00:00:00 UTC
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Skechers' Earnings Surge Y/Y; but Miss Ests - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-earnings-surge-y-y-but-miss-ests-analyst-blog-2013-10-24
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nan
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nan
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Skechers USA, Inc .'s ( SKX ) third-quarter 2013 earnings came in at 53 cents a share, missing the Zacks Consensus Estimate of 61 cents but rising over twofold from 22 cents delivered in the prior-year quarter. The robust increase was driven by strong sales across domestic and international wholesale operations, and company-owned retail and e-Commerce businesses.
Increased demand of products and healthy performance across all revenue channels led to a 20.1% jump in revenue to $515.8 million. However, total revenue of this Zacks Rank #4 (Sell) stock fell short of the Zacks Consensus Estimate of $519 million.
With more emphasis on the new line of products, cost containment efforts, inventory management, global distribution platform and strong backlogs (up 19.7%), the company anticipates sustaining the growth momentum in the upcoming holiday season as well as in 2014.
The quarter exhibited a major improvement in gross profit, which soared 22.7% to $230.5 million, reflecting higher sales volume. Moreover, gross margin expanded 100 basis points to 44.7%, reflecting increased sales and a favorable product mix.
Sales Details
The domestic wholesale business marked an elevation of 30.1%, reflecting a jump of 25.2% in pairs shipped coupled with a 3.9% increase in average price per pair along with growth witnessed across the men's, women's and kids' divisions. The company's Performance Division remained strong with double-digit gain at the men's Performance line.
Skechers' international business increased 5.8% on the back of a 16.1% rise in international subsidiary and joint venture sales. However, distributor sales declined 17.3%. Tough macroeconomic conditions in Spain and Italy impacted the results. However, China, Chile, Canada, Hong Kong, Malaysia and Singapore portrayed growth momentum. The company, which entered the Indian turf in a joint venture, remains optimistic about the market, and expects it to be accretive in the next 2 to 3 years.
Citing economic and political challenges in several markets, such as Venezuela, Colombia, Egypt and Kenya, Skechers apprehends international distributor sales to be low for the year. However, with product demand remaining strong across the U.S. and international subsidiaries, the company anticipates it to favorably impact international distributor business next year.
On a combined basis, retail business sales grew 19.8%, whereas comparable-store sales advanced 16.9%. Domestic retail sales rose 19.5%, while comparable-store sales increased 17.3%. International retail sales soared 22.2%, whereas comparable-store sales climbed 14.4%.
The company's licensing division has been another source of revenue, whereby the company licenses its name and images. Skechers generated $1.6 million in revenue during the quarter from its licensing partners, which includes eyewear, socks and backpacks.
The 30.3% rise in sales from the company's e-Commerce division was one of the highlights of the quarter. Though the company uses it as a marketing tool, the division was successful in driving incremental sales during the quarter.
Stores Update
Skechers had 370 retail stores under operation at the end of the quarter. During the quarter, the company opened eight each domestic and international locations. These comprise new concept stores in New York, New Jersey and Puerto Rico, 2 stores in Toronto and 1 in Leeds. The company also opened 3 outlets in Spain and another outlet in Chile, taking the total count to 22 in the region. Two U.S. locations were shuttered during the quarter.
So far, in the fourth quarter of 2013, Skechers has opened 4 outlets, comprising a new concept store in Paris. The company closed 1 location and has no further plans to close stores in the remaining part of the year. The company plans to open another 17 to 20 outlets in the year in the U.S., Chile, Canada and the UK.
At the end of the quarter, the company operated 128 outlets under joint ventures in Asia, including stores operated by licensees, 294 distributor-owned or licensed Skechers retail stores globally, and 26 company-licensed locations in Canada, Spain, Portugal, Ireland, and the Netherlands.
During the quarter, Skechers' under its joint ventures and through its franchisees and distributors opened 26 outlets, which included the company's first stores in Turkey and Brazil, and 5 stores in Mexico (taking the count to 31 in the region) 3 in the Philippines, 2 each in India, Indonesia, Peru, Saudi Arabia and Taiwan, and 1 each in Australia, Canada, Hong Kong, Malaysia, Portugal and South Korea.
The company opened its first store in Kazakhstan, and anticipates opening another 40 to 45 distributor, joint venture or licensed outlets in the remainder of the year.
Strategic Initiatives
Management remains committed to focus on new lines of products, opening of additional Skechers stores and increasing distribution channels with the development of international distribution agreements to boost its sales and profitability. Moreover, international business remains a significant growth driver for the company's sales. Skechers, through its distribution networks, subsidiaries and joint ventures, is poised to enhance its global reach in the footwear market.
Other Financial Aspects
Skechers ended the quarter with cash and cash equivalents of $332.8 million, long-term debt of $119.5 million and shareholders' equity of $916.8 million, excluding non-controlling interest of $48.3 million. Capital expenditures for the quarter were approximately $9.5 million.
Other Stocks to Consider
Besides Skechers, other stocks worth considering include Deckers Outdoor Corp. ( DECK ) and Brown Shoe Co. Inc. ( BWS ), both carrying a Zacks Rank #1 (Strong Buy) and Nike, Inc. ( NKE ) sporting 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 Stocks to Consider Besides Skechers, other stocks worth considering include Deckers Outdoor Corp. ( DECK ) and Brown Shoe Co. Inc. ( BWS ), both carrying a Zacks Rank #1 (Strong Buy) and Nike, Inc. ( NKE ) sporting 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. With more emphasis on the new line of products, cost containment efforts, inventory management, global distribution platform and strong backlogs (up 19.7%), the company anticipates sustaining the growth momentum in the upcoming holiday season as well as in 2014.
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Other Stocks to Consider Besides Skechers, other stocks worth considering include Deckers Outdoor Corp. ( DECK ) and Brown Shoe Co. Inc. ( BWS ), both carrying a Zacks Rank #1 (Strong Buy) and Nike, Inc. ( NKE ) sporting 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. However, with product demand remaining strong across the U.S. and international subsidiaries, the company anticipates it to favorably impact international distributor business next year.
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Other Stocks to Consider Besides Skechers, other stocks worth considering include Deckers Outdoor Corp. ( DECK ) and Brown Shoe Co. Inc. ( BWS ), both carrying a Zacks Rank #1 (Strong Buy) and Nike, Inc. ( NKE ) sporting 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. At the end of the quarter, the company operated 128 outlets under joint ventures in Asia, including stores operated by licensees, 294 distributor-owned or licensed Skechers retail stores globally, and 26 company-licensed locations in Canada, Spain, Portugal, Ireland, and the Netherlands.
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Other Stocks to Consider Besides Skechers, other stocks worth considering include Deckers Outdoor Corp. ( DECK ) and Brown Shoe Co. Inc. ( BWS ), both carrying a Zacks Rank #1 (Strong Buy) and Nike, Inc. ( NKE ) sporting 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. However, with product demand remaining strong across the U.S. and international subsidiaries, the company anticipates it to favorably impact international distributor business next year.
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c8ded0de-12f7-4e6b-ab18-ac4ac1867ea6
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724725.0
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2013-10-23 00:00:00 UTC
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Will Deckers (DECK) Beat Earnings? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-deckers-deck-beat-earnings-analyst-blog-2013-10-23
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nan
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nan
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We expect Deckers Outdoor Corp. ( DECK ) - designer, producer, and brand manager of innovative, niche footwear and accessories - to beat expectations when it reports third-quarter 2013 results on Oct 24, 2013.
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.
Positive Zacks ESP: Deckers currently has an Earnings ESP of +4.17%. This is because the Most Accurate estimate stands at 75 cents, while the Zacks Consensus Estimate is pegged at 72 cents.
Zacks Rank #1 (Strong Buy): 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 (Zacks Rank #4 and #5) should never be considered going into an earnings announcement.
The combination of Deckers' Zacks Rank #1 (Strong Buy) and +4.17% ESP makes us very confident regarding a positive earnings beat on Oct 24.
What is Driving the Better-than-Expected Earnings?
Deckers is trying every means to reposition itself to keep afloat in a difficult consumer environment. Such measures include focusing on new product introductions, effective cost management and new store openings. The company is also expanding its footprint by targeting profitable markets. 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. In the last four quarters, Deckers has outperformed the Zacks Consensus Estimate by an average of 44.1%.
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:
Hanesbrands Inc. ( HBI ), Earnings ESP of +7.02% and a Zacks Rank #1 (Strong Buy).
DSW Inc. ( DSW ), Earnings ESP of +2.59% and a Zacks Rank #2 (Buy).
Nordstrom Inc. ( JWN ), Earnings ESP of +3.03% and a Zacks Rank #3 (Hold).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
DSW INC CL-A (DSW): Free Stock Analysis Report
HANESBRANDS INC (HBI): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 #1 (Strong Buy) and +4.17% ESP makes us very confident regarding a positive earnings beat on Oct 24. We expect Deckers Outdoor Corp. ( DECK ) - designer, producer, and brand manager of innovative, niche footwear and accessories - to beat expectations when it reports third-quarter 2013 results on Oct 24, 2013. Our proven model shows that Deckers is likely to beat earnings because it has the right combination of two key components.
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The combination of Deckers' Zacks Rank #1 (Strong Buy) and +4.17% ESP makes us very confident regarding a positive earnings beat on Oct 24. DECKERS OUTDOOR (DECK): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report To read this article on Zacks.com click here. We expect Deckers Outdoor Corp. ( DECK ) - designer, producer, and brand manager of innovative, niche footwear and accessories - to beat expectations when it reports third-quarter 2013 results on Oct 24, 2013.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report To read this article on Zacks.com click here. We expect Deckers Outdoor Corp. ( DECK ) - designer, producer, and brand manager of innovative, niche footwear and accessories - to beat expectations when it reports third-quarter 2013 results on Oct 24, 2013. Our proven model shows that Deckers is likely to beat earnings because it has the right combination of two key components.
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The combination of Deckers' Zacks Rank #1 (Strong Buy) and +4.17% ESP makes us very confident regarding a positive earnings beat on Oct 24. We expect Deckers Outdoor Corp. ( DECK ) - designer, producer, and brand manager of innovative, niche footwear and accessories - to beat expectations when it reports third-quarter 2013 results on Oct 24, 2013. Our proven model shows that Deckers is likely to beat earnings because it has the right combination of two key components.
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b498b63d-f3f9-411a-9f59-c9e4759b4017
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724726.0
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2013-10-23 00:00:00 UTC
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Will Meredith Corp (MDP) Disappoint This Earnings Season? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-meredith-corp-mdp-disappoint-this-earnings-season-analyst-blog-2013-10-23
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nan
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nan
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Meredith Corporation ( MDP ) is slated to report first-quarter fiscal 2014 results on Oct 24, 2013, before the market opens. In the last quarter, it posted a positive surprise of 5.6%. Let us see how things are shaping up for this announcement.
Growth Factors in the Past Quarter
Meredith came up with strong fourth-quarter fiscal 2013 results, owing to the robust performance of the National and Local media groups. The company also boasts a strong portfolio of women's magazines, which helps it to secure its market share.
Meredith remains focused on bolstering digital advertising revenues; enhancing online consumer transactions, especially magazine subscription orders; and is lowering its dependency on traditional advertising.
Earnings Whispers?
Our proven model, however, does not conclusively show Meredith as 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. This is not the case here as you will see below.
Zacks ESP: ESP for Meredith is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 52 cents.
Zacks Rank: Meredith carries a Zacks Rank #3 (Hold). However, the Zacks Rank #3, when combined with ESP of 0.00%, 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.
Other Stocks to Consider
Here are some other companies you may want to consider as our model shows that they have the right combination of elements to post an earnings beat:
Nu Skin Enterprises Inc. ( NUS ), with Earnings ESP of +2.82% and a Zacks Rank #1 (Strong Buy).
Hanesbrands Inc. ( HBI ), with Earnings ESP of +7.02% and a Zacks Rank #1 (Strong Buy).
Deckers Outdoor Corp. ( DECK ), with Earnings ESP of +4.17% and a Zacks Rank #1 (Strong Buy).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
HANESBRANDS INC (HBI): Free Stock Analysis Report
MEREDITH CORP (MDP): Free Stock Analysis Report
NU SKIN ENTERP (NUS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 Earnings ESP of +4.17% and a Zacks Rank #1 (Strong Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report MEREDITH CORP (MDP): Free Stock Analysis Report NU SKIN ENTERP (NUS): Free Stock Analysis Report To read this article on Zacks.com click here. Meredith Corporation ( MDP ) is slated to report first-quarter fiscal 2014 results on Oct 24, 2013, before the market opens.
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Deckers Outdoor Corp. ( DECK ), with Earnings ESP of +4.17% and a Zacks Rank #1 (Strong Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report MEREDITH CORP (MDP): Free Stock Analysis Report NU SKIN ENTERP (NUS): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Here are some other companies you may want to consider as our model shows that they have the right combination of elements to post an earnings beat: Nu Skin Enterprises Inc. ( NUS ), with Earnings ESP of +2.82% and a Zacks Rank #1 (Strong Buy).
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report MEREDITH CORP (MDP): Free Stock Analysis Report NU SKIN ENTERP (NUS): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ), with Earnings ESP of +4.17% and a Zacks Rank #1 (Strong Buy). We caution against stocks with Zacks Ranks #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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Deckers Outdoor Corp. ( DECK ), with Earnings ESP of +4.17% and a Zacks Rank #1 (Strong Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report MEREDITH CORP (MDP): Free Stock Analysis Report NU SKIN ENTERP (NUS): Free Stock Analysis Report To read this article on Zacks.com click here. 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.
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4a604736-fe4a-4da6-a5b5-18a3088248b8
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724727.0
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2013-10-21 00:00:00 UTC
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Will Skechers (SKX) Beat Earnings? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-skechers-skx-beat-earnings-analyst-blog-2013-10-21
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nan
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nan
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We expect Skechers USA Inc. ( SKX ) - apparel, footwear and accessories retailer - to beat expectations when it reports third-quarter 2013 results on Oct 23, 2013.
Why a Likely Positive Surprise?
Our proven model shows that Skechers is likely to beat earnings because it has the right combination of two key components.
Positive Zacks ESP: Skechers currently has an Earnings ESP of +6.56%. This is because the Most Accurate Estimate stands at 65 cents, while the Zacks Consensus Estimate is pegged at 61 cents.
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 (Zacks Rank #4 and #5) should never be considered going into an earnings announcement.
The combination of Skechers' Zacks Rank #3 (Hold) and +6.56% ESP makes us very confident regarding a positive earnings beat on Oct 23.
What is Driving the Better-than-Expected Earnings?
We believe that with more emphasis on the new line of products, cost containment efforts, inventory management and global distribution platform, Skechers remains well positioned to sustain the growth momentum in 2013. 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.
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:
Deckers Outdoor Corp. ( DECK ), Earnings ESP of +4.17% and a Zacks Rank #1 (Strong Buy).
Hanesbrands Inc. ( HBI ), Earnings ESP of +7.02% and a Zacks Rank #1 (Strong Buy).
Ralph Lauren Corporation ( RL ), Earnings ESP of +0.46% and a Zacks Rank #2 (Buy).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
HANESBRANDS INC (HBI): Free Stock Analysis Report
RALPH LAUREN CP (RL): 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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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: Deckers Outdoor Corp. ( DECK ), Earnings ESP of +4.17% and a Zacks Rank #1 (Strong Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model shows that Skechers is likely to beat earnings because it has the right combination of two key components.
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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: Deckers Outdoor Corp. ( DECK ), Earnings ESP of +4.17% and a Zacks Rank #1 (Strong Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. Hanesbrands Inc. ( HBI ), Earnings ESP of +7.02% and a Zacks Rank #1 (Strong Buy).
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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: Deckers Outdoor Corp. ( DECK ), Earnings ESP of +4.17% and a Zacks Rank #1 (Strong Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. 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.
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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: Deckers Outdoor Corp. ( DECK ), Earnings ESP of +4.17% and a Zacks Rank #1 (Strong Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. 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.
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3f1cf524-b79a-4ab7-989e-12590a828017
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724728.0
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2013-10-17 00:00:00 UTC
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
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DECK
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https://www.nasdaq.com/articles/zacks-1-rank-additions-for-thursday-tale-of-the-tape-2013-10-17
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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:
AGL Resources Inc. ( GAS )
American Public Education, Inc. ( APEI )
China Merchants Bank Co Ltd ( CIHKY )
Crestwood Equity Partners LP ( CEQP )
Deckers Outdoor Corp. ( DECK )
View the entire Zacks #1 Rank List .
AMER PUB EDUCAT (APEI): Free Stock Analysis Report
CRESTWOOD EQTY (CEQP): Free Stock Analysis Report
CHINA MERCH BK (CIHKY): Get Free Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
AGL RESOURCES (GAS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: AGL Resources Inc. ( GAS ) American Public Education, Inc. ( APEI ) China Merchants Bank Co Ltd ( CIHKY ) Crestwood Equity Partners LP ( CEQP ) Deckers Outdoor Corp. ( DECK ) View the entire Zacks #1 Rank List . AMER PUB EDUCAT (APEI): Free Stock Analysis Report CRESTWOOD EQTY (CEQP): Free Stock Analysis Report CHINA MERCH BK (CIHKY): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report AGL RESOURCES (GAS): 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.
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: AGL Resources Inc. ( GAS ) American Public Education, Inc. ( APEI ) China Merchants Bank Co Ltd ( CIHKY ) Crestwood Equity Partners LP ( CEQP ) Deckers Outdoor Corp. ( DECK ) View the entire Zacks #1 Rank List . AMER PUB EDUCAT (APEI): Free Stock Analysis Report CRESTWOOD EQTY (CEQP): Free Stock Analysis Report CHINA MERCH BK (CIHKY): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report AGL RESOURCES (GAS): 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.
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AMER PUB EDUCAT (APEI): Free Stock Analysis Report CRESTWOOD EQTY (CEQP): Free Stock Analysis Report CHINA MERCH BK (CIHKY): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report AGL RESOURCES (GAS): 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. Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: AGL Resources Inc. ( GAS ) American Public Education, Inc. ( APEI ) China Merchants Bank Co Ltd ( CIHKY ) Crestwood Equity Partners LP ( CEQP ) Deckers Outdoor Corp. ( DECK ) View the entire Zacks #1 Rank List .
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: AGL Resources Inc. ( GAS ) American Public Education, Inc. ( APEI ) China Merchants Bank Co Ltd ( CIHKY ) Crestwood Equity Partners LP ( CEQP ) Deckers Outdoor Corp. ( DECK ) View the entire Zacks #1 Rank List . AMER PUB EDUCAT (APEI): Free Stock Analysis Report CRESTWOOD EQTY (CEQP): Free Stock Analysis Report CHINA MERCH BK (CIHKY): Get Free Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report AGL RESOURCES (GAS): 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.
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365cc5b4-5da6-4d9f-affb-3b7c1d858828
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724729.0
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2013-10-15 00:00:00 UTC
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Deckers Upgraded to Strong Buy - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-upgraded-to-strong-buy-analyst-blog-2013-10-15
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nan
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nan
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On Oct 12, 2013, Zacks Investment Research upgraded Deckers Outdoor Corporation ( DECK ), the designer and producer of footwear and accessories, to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
The challenging macroeconomic environment compelled Deckers to resort to various means for repositioning itself and keep afloat. Such measures include focusing on new product introductions, effective cost management and new store openings. This is well reflected through Deckers' better-than-expected second-quarter 2013 bottom-line results.
The company posted a quarterly loss of 85 cents a share that fared better than the Zacks Consensus Estimate and management's guidance due to lower operational expenses. The high note in the quarter was the 34.2% rise in eCommerce sales.
On the back of robust eCommerce sales trends, Deckers provided an improved outlook for 2013, with both revenue and earnings per share projected to increase 8%.
Following sturdy results, the analysts become more constructive on the stock's future performance. Consequently, the Zacks Consensus Estimate for 2013 increased 2.4% to $3.80, while for 2014 it rose 2% to $4.52 per share in the last 60 days.
The earnings surprise history of this Zacks Rank #1 (Strong Buy) stock also sparks optimism about its future upbeat performance. Deckers has outperformed the Zacks Consensus Estimate in the last four quarters by an average of 44.1%.
Deckers is also expanding its footprint by targeting profitable markets. This is well evident from the company's retail store sales that rose 29.1%, propelled by the opening of 36 new stores during the second quarter of 2013. 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.
Other Stocks that Warrant a Look
Other stocks worth considering in the retail sector include Brown Shoe Co. Inc. ( BWS ), Carter's, Inc. ( CRI ) and Skechers USA Inc. ( SKX ), all carrying a Zacks Rank #1 (Strong Buy).
BROWN SHOE CO (BWS): Free Stock Analysis Report
CARTERS INC (CRI): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): 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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On the back of robust eCommerce sales trends, Deckers provided an improved outlook for 2013, with both revenue and earnings per share projected to increase 8%. On Oct 12, 2013, Zacks Investment Research upgraded Deckers Outdoor Corporation ( DECK ), the designer and producer of footwear and accessories, to a Zacks Rank #1 (Strong Buy). The challenging macroeconomic environment compelled Deckers to resort to various means for repositioning itself and keep afloat.
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On Oct 12, 2013, Zacks Investment Research upgraded Deckers Outdoor Corporation ( DECK ), the designer and producer of footwear and accessories, to a Zacks Rank #1 (Strong Buy). BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. The challenging macroeconomic environment compelled Deckers to resort to various means for repositioning itself and keep afloat.
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On Oct 12, 2013, Zacks Investment Research upgraded Deckers Outdoor Corporation ( DECK ), the designer and producer of footwear and accessories, to a Zacks Rank #1 (Strong Buy). BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report To read this article on Zacks.com click here. The challenging macroeconomic environment compelled Deckers to resort to various means for repositioning itself and keep afloat.
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On Oct 12, 2013, Zacks Investment Research upgraded Deckers Outdoor Corporation ( DECK ), the designer and producer of footwear and accessories, to a Zacks Rank #1 (Strong Buy). The challenging macroeconomic environment compelled Deckers to resort to various means for repositioning itself and keep afloat. This is well reflected through Deckers' better-than-expected second-quarter 2013 bottom-line results.
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e9bf7247-a632-463e-b264-69963a9fc770
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724730.0
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2013-10-14 00:00:00 UTC
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Nike Retains Neutral Stance - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/nike-retains-neutral-stance-analyst-blog-2013-10-14
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nan
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nan
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Global leader in sports equipment and apparel, Nike Inc. ( NKE ), remains on our Neutral list with a target price of $75.00.
Why Reiterate?
Nike's strong portfolio of globally recognized brands - such as Nike, Converse, Chuck Taylor, Hurley, All Star, One Star, Star Chevron and Jack Purcell - and its focus on innovation have helped strengthen its leadership position.
Nike is striving to find opportunities to expand its global footprint and augment its market share through acquiring new brands, developing its direct-to-customer business and divesting underperforming brands. Collectively, these strategies position the company strongly among competitors such as Adidas AG ( ADDYY ) and Brown Shoe Co. Inc. ( BWS ).
Moreover, this footwear and athletic apparel retailer has outperformed the Zacks Consensus Estimate in the trailing 5 quarters, with an average beat of 9.9%. In the most recent quarter, it posted an earnings surprise of 10.3% and a 37.0% increase in earnings per share, aided by healthy top-line growth, improved margins, reduced tax rate and lower share count. Net sales rose 8.0% year over year, driven by the high demand for the NIKE brand.
Going forward, we expect Nike's upbeat performance to continue given the company's impressive guidance for fiscal 2014. The company anticipates revenue growth for fiscal 2014 to be in the high single-digit range, while gross margin is projected to expand by 50 basis points (bps) on a year-over-year basis. With impressive top-line growth as well as margin expansion, Nike will be a sound asset for yield-seeking investors in the near future.
Apart from strong quarterly results, this Zacks Rank #2 (Buy) company's growth prospects appear promising. We believe the company's prudent investment as well as strategic initiatives toward product innovation and brand building will increase its customer base and profitability. Going forward, we expect Nike's top-line growth to remain strong, given an increase in future orders.
On the flip side, rising commodity prices pose a challenge and may undermine the company's future performance. In addition, we expect sluggish discretionary spending and intense competition amid rapidly changing customer preferences to dent Nike's future prospects. Consequently, we prefer to keep to the sidelines at present.
Other Stocks Worth Considering
Other stocks that are worth a look in the sports retail industry include Brown Shoe Co. and Deckers Outdoor Corp. ( DECK ). Both the companies carry a Zacks Rank #1 (Strong Buy).
ADIDAS AG-ADR (ADDYY): Get Free Report
BROWN SHOE CO (BWS): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks Worth Considering Other stocks that are worth a look in the sports retail industry include Brown Shoe Co. and Deckers Outdoor Corp. ( DECK ). ADIDAS AG-ADR (ADDYY): Get Free Report BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Global leader in sports equipment and apparel, Nike Inc. ( NKE ), remains on our Neutral list with a target price of $75.00.
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ADIDAS AG-ADR (ADDYY): Get Free Report BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks Worth Considering Other stocks that are worth a look in the sports retail industry include Brown Shoe Co. and Deckers Outdoor Corp. ( DECK ). Apart from strong quarterly results, this Zacks Rank #2 (Buy) company's growth prospects appear promising.
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ADIDAS AG-ADR (ADDYY): Get Free Report BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks Worth Considering Other stocks that are worth a look in the sports retail industry include Brown Shoe Co. and Deckers Outdoor Corp. ( DECK ). Nike's strong portfolio of globally recognized brands - such as Nike, Converse, Chuck Taylor, Hurley, All Star, One Star, Star Chevron and Jack Purcell - and its focus on innovation have helped strengthen its leadership position.
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ADIDAS AG-ADR (ADDYY): Get Free Report BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks Worth Considering Other stocks that are worth a look in the sports retail industry include Brown Shoe Co. and Deckers Outdoor Corp. ( DECK ). Apart from strong quarterly results, this Zacks Rank #2 (Buy) company's growth prospects appear promising.
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8b35b5ff-c7ca-4d23-8fba-ebf6ed38763b
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724731.0
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2013-10-09 00:00:00 UTC
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Wolverine Posts Robust Q3 Earnings - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/wolverine-posts-robust-q3-earnings-analyst-blog-2013-10-09
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nan
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nan
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Wolverine World Wide Inc. ( WWW ) posted strong third-quarter 2013 results, driven by the continuous impressive performance of its newly acquired brands. Wolverine's quarterly earnings per share of $1.16 handily surpassed the Zacks Consensus Estimate of $1.05 and rose 61.1% year over year.
Including one-time items, the company reported earnings per share of $1.08 compared with 66 cents in the year-ago quarter.
Benefiting largely from the acquisition of Collective Brands' Performance + Lifestyle Group (PLG) group, Wolverine reported net sales of $716.7 million that more than doubled on a year-over-year basis and came ahead of the Zacks Consensus Estimate of $711 million. Moreover, on a pro-forma basis, revenues increased 9.0% in the quarter.
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 including Stride Rite, Sperry Top-Sider, Saucony and Keds.
As regards the company's operating groups, revenues at its Lifestyle group came in at $295.8 million, a whopping rise from $38.0 million in the year-ago quarter. The Performance group's revenues rose 67.0% to $254.1 million, while Heritage group's revenues nudged up 0.8% to $144.6 million. Revenues derived from the company's other brands rose14.4% to $22.2 million in the quarter.
On account of top-line improvement, the company's gross profit rose more than twofold to $286.0 million, while gross margin expanded 70 basis points (bps) to 39.9%. The improvement in both these cases reflected an encouraging channel mix, partly offset by foreign exchange contract losses.
Operating profit came in at $86.3 million, rising 86.4% year over year. However, operating margin contracted 110 bps to 12.0%.
Other Financial Aspects
Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), ended the quarter with cash and cash equivalents of $147.8 million, net debt of $994.3 million and shareholders' equity of $768.0 million. Operating free cash flow came in at $22.8 million for the quarter.
Guidance
This Zacks Rank #3 (Hold) company raised its earnings guidance based on robust year-to-date performance. Adjusted earnings per share are now expected to be in the range of $2.73-$2.83, up from its earlier projection of $2.60-$2.75, and reflecting year-over-year growth of 19.2% to 23.6%.
Revenues are expected to be in the range of $2.71-$2.73 billion, up 6.4% to 7.1% year over year on a pro-forma basis. For fiscal fourth-quarter 2013, the company anticipates revenues in the band of $750-$780 million, reflecting growth of 3.2% to 6%.
Other Stocks to Consider
Apart from Wolverine, other stocks in the consumer discretionary sector worth considering include Brown Shoe Co. Inc. ( BWS ) and Skechers USA Inc. ( SKX ). Both of these carry a Zacks Rank #1 (Strong Buy).
BROWN SHOE CO (BWS): 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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Other Financial Aspects Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), ended the quarter with cash and cash equivalents of $147.8 million, net debt of $994.3 million and shareholders' equity of $768.0 million. BROWN SHOE CO (BWS): 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. Wolverine World Wide Inc. ( WWW ) posted strong third-quarter 2013 results, driven by the continuous impressive performance of its newly acquired brands.
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BROWN SHOE CO (BWS): 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. Other Financial Aspects Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), ended the quarter with cash and cash equivalents of $147.8 million, net debt of $994.3 million and shareholders' equity of $768.0 million. Benefiting largely from the acquisition of Collective Brands' Performance + Lifestyle Group (PLG) group, Wolverine reported net sales of $716.7 million that more than doubled on a year-over-year basis and came ahead of the Zacks Consensus Estimate of $711 million.
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BROWN SHOE CO (BWS): 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. Other Financial Aspects Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), ended the quarter with cash and cash equivalents of $147.8 million, net debt of $994.3 million and shareholders' equity of $768.0 million. Benefiting largely from the acquisition of Collective Brands' Performance + Lifestyle Group (PLG) group, Wolverine reported net sales of $716.7 million that more than doubled on a year-over-year basis and came ahead of the Zacks Consensus Estimate of $711 million.
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Other Financial Aspects Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), ended the quarter with cash and cash equivalents of $147.8 million, net debt of $994.3 million and shareholders' equity of $768.0 million. BROWN SHOE CO (BWS): 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. Wolverine acquired the PLG unit for $1.25 billion.
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1b806f24-14f4-43b8-b92e-8f67d9f52451
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724732.0
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2013-10-08 00:00:00 UTC
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3 Retail Stock Picks This Holiday Season - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/3-retail-stock-picks-this-holiday-season-analyst-blog-2013-10-08
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nan
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nan
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Holiday season is around the corner, but the U.S. economy does not seem to be fully in the festive mood. The government shutdown and the ongoing political tussle, uncertain economic recovery, and soft job opportunities are having a rippling impact on investors' sentiment, which continues to be jittery.
What Is Impacting the Holiday Season?
With the government shutdown entering its second week and the fast approaching Oct 17 debt ceiling deadline, markets have reasons enough to gradually turn apprehensive. The Dow Jones Industrial Average lost 136.34 points (or 0.90%) yesterday before closing at 14,936.24.
The Standard & Poor's 500 Index shed 14.38 points (or 0.85%) to finish the trading session at 1,676.12. The Nasdaq Composite Index fell 37.38 points (or 0.98%) to end the day at 3,770.38.
It is obvious that markets remain susceptible to the economic impasse and we may witness further decline until the cloud of obscurity is not removed. The overall scenario doesn't seem much convincing as of now and the Federal Reserve is continuing with its $85 billion monthly stimulus program to keep interest rates low and boost economic growth.
The economic data is also not favorable. Unemployment rate is currently hovering at around 7.3%, which is still well above the Fed's target. Further, Conference Board data suggests that Consumer Confidence Index dropped to 79.7 in September, down from 81.8 in August.
Need to be Hawk-Eyed This Season
Retailers need to be 'hawk-eyed' this holiday season to make the most of it. They need to grab every opportunity as and when they come, and try all means to drive in cautious, budget-constrained consumers to the shop as the season may be a tough one.
Data compiled by ShopperTrak suggest that retail sales are projected to increase 2.4% this holiday season. However, the expected growth rate has tempered down from 3% registered in 2012, 4% in 2011 and 3.8% in 2010, hinting at a stiff competition ahead. This leading provider of shopper analytics also revealed that store traffic would decline 1.4% during this holiday season as against an increase of 2.5% witnessed in 2012.
What is further making this holiday season challenging for retailers is the time frame - as 2013 presents only 25 days between Black Friday and Christmas as against 31 days last year. Moreover, retailers, who witness more traffic during weekends, will have only 4 full weekends this time around versus 5 in 2012.
We believe retailers will leave no stone unturned to tap this holiday season. Be it early-hour store openings, promotional events, free shipping on online purchases or heavy discounts, retailers will try all tricks to boost sales.
Retail Still a Lucrative Investment Opportunity
Banking on its wide spectrum, the retail sector still remains a lucrative investment opportunity for investors. A reflection of that was evident from the SPDR S&P Retail ( XRT ) and Market Vectors Retail ETF ( RTH ) surging roughly 30% and 24.4% year-to-date, respectively, which were ahead of the S&P 500 that rose 14.6% so far this year.
Thus, identifying the future winners from the sector would be a prudent idea to make an investment decision.
Three Stocks That May Enrich Your Portfolio
Here we focus on three stocks with above average earnings growth that you can capitalize on and enrich your portfolio.
We suggest investing in Deckers Outdoor Corporation ( DECK ). Product innovation, effective cost management, store augmentation and a strong focus on profitable markets have facilitated the company to keep afloat in this sluggish economic environment. Shares of this Goleta, CA-based company and a Zacks Rank #1 (Strong Buy) stock currently trades at a forward P/E (price-to-earnings) of 16.63x, a discount of 15.5% to the peer group average of 19.69x, suggesting upside potential. Moreover, an impressive long-term expected earnings growth of 15% makes the stock attractive.
Carter's, Inc. ( CRI ), a designer and marketer of branded children's wear, is another stock to bet your bucks. This Zacks Rank #1 (Strong Buy) stock has amassed a year-to-date return of 35.5%. The company's long-term estimated EPS growth rate is 17.2%, higher than the peer group average of 15%. Moreover, this Atlanta, GA-based company is expected to witness earnings growth of 18.8% in 2013 and 19.7% in 2014.
Another stock that investors may wish to consider is L Brands, Inc. ( LTD ). The company commands a market leading position in the lingerie, personal care and beauty segments. This Zacks Rank #2 (Buy) stock has amassed a year-to-date return of roughly 30%. Though the stock looks a bit pricey with a P/E multiple of 18.90x, it should not disappoint investors given the company's long-term expected earnings growth of 12.3%.
We believe that the above stocks with strong fundamentals and growth prospects are capable of quenching investors' search for the right stocks.
CARTERS INC (CRI): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
L BRANDS INC (LTD): Free Stock Analysis Report
MKT VEC-RETAIL (RTH): ETF Research Reports
SPDR-SP RET ETF (XRT): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment 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 suggest investing in Deckers Outdoor Corporation ( DECK ). CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report L BRANDS INC (LTD): Free Stock Analysis Report MKT VEC-RETAIL (RTH): ETF Research Reports SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. The government shutdown and the ongoing political tussle, uncertain economic recovery, and soft job opportunities are having a rippling impact on investors' sentiment, which continues to be jittery.
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CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report L BRANDS INC (LTD): Free Stock Analysis Report MKT VEC-RETAIL (RTH): ETF Research Reports SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. We suggest investing in Deckers Outdoor Corporation ( DECK ). This Zacks Rank #1 (Strong Buy) stock has amassed a year-to-date return of 35.5%.
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CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report L BRANDS INC (LTD): Free Stock Analysis Report MKT VEC-RETAIL (RTH): ETF Research Reports SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. We suggest investing in Deckers Outdoor Corporation ( DECK ). Retail Still a Lucrative Investment Opportunity Banking on its wide spectrum, the retail sector still remains a lucrative investment opportunity for investors.
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We suggest investing in Deckers Outdoor Corporation ( DECK ). CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report L BRANDS INC (LTD): Free Stock Analysis Report MKT VEC-RETAIL (RTH): ETF Research Reports SPDR-SP RET ETF (XRT): ETF Research Reports To read this article on Zacks.com click here. Need to be Hawk-Eyed This Season Retailers need to be 'hawk-eyed' this holiday season to make the most of it.
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6387acd7-27d0-4636-86f2-70ea885075ae
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724733.0
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2013-10-07 00:00:00 UTC
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Will Wolverine (WWW) Beat Earnings? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-wolverine-www-beat-earnings-analyst-blog-2013-10-07
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nan
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nan
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Wolverine World Wide Inc . ( WWW ) is slated to report its third-quarter fiscal 2013 results on Oct 8, 2013, before the market opens. In the last quarter, it posted a positive surprise of 35.3%. Let's see how things are shaping up for this announcement.
Growth Factors this Past Quarter
Wolverine came up with strong second-quarter 2013 results, owing to the robust performance of its newly acquired brands. Top line surged 88% year over year, while gross margin expanded 320 basis points to 41%, reflecting increased contribution from high margin consumer direct operations.
Earnings Whispers?
However, our proven model does not conclusively show that Wolverine 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. This is not the case here as you will see below.
Negative Zacks ESP: ESP for Wolverine is -1.92%. This is because the Most Accurate Estimate stands at $1.02, while the Zacks Consensus Estimate is pegged at $1.04.
Zacks Rank #3 (Hold): Wolverine carries a Zacks Rank #3 (Hold). However, the Zacks Rank #3 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.
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:
ManpowerGroup Inc . ( MAN ), Earnings ESP of +2.78% and a Zacks Rank #1 (Strong Buy).
Capella Education Co. ( CPLA ), Earnings ESP of +2.50% and a Zacks Rank #1 (Strong Buy).
Deckers Outdoor Corp . ( DECK ), Earnings ESP of +4.17% and a Zacks Rank #2 (Buy).
CAPELLA EDUCATN (CPLA): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
MANPOWER INC WI (MAN): 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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Deckers Outdoor Corp . ( DECK ), Earnings ESP of +4.17% and a Zacks Rank #2 (Buy). CAPELLA EDUCATN (CPLA): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here.
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CAPELLA EDUCATN (CPLA): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp . ( DECK ), Earnings ESP of +4.17% and a Zacks Rank #2 (Buy).
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CAPELLA EDUCATN (CPLA): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp . ( DECK ), Earnings ESP of +4.17% and a Zacks Rank #2 (Buy).
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Deckers Outdoor Corp . ( DECK ), Earnings ESP of +4.17% and a Zacks Rank #2 (Buy). CAPELLA EDUCATN (CPLA): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here.
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f00fc604-7537-41f2-b5b4-263eabd70000
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724734.0
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2013-10-04 00:00:00 UTC
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Deckers' Teva Opens New Retail Outlet - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-teva-opens-new-retail-outlet-analyst-blog-2013-10-04
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nan
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nan
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There is good news for footwear lovers. Teva - a brand of Deckers Outdoor Corp. ( DECK ) - will unveil its first retail store in Orlando, Fla. this week. The outlet will be situated at the Orlando Premium Outlets, Vineland Avenue.
The new Teva store will offer consumers a complete range of footwear for travel and everyday purposes. It will include sandals, trail shoes, sneakers, water shoes and boots. Teva is dedicated to the outdoor lifestyle and the outlet will stand to reflect the same.
Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The company markets its products through the UGG, Teva and Other brands.
The challenging macroeconomic environment has made Deckers resort to various means to reposition itself and keep afloat. Such measures include focusing on new product introductions, effective cost management and new store openings.
Deckers is also expanding its footprint by targeting profitable markets. This is well evident from the company's retail store sales that rose 29.1%, propelled by the opening of 36 new stores during the second quarter of 2013. 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.
Deckers' efforts have been well reflected in the better-than-expected second-quarter 2013 bottom-line results. The company posted a quarterly loss of 85 cents per share that fared better than the Zacks Consensus Estimate as well as management's guidance due to lower operational expenses.
Currently, Deckers carries a Zacks Rank #2 (Buy). Other retail stocks worth considering include Brown Shoe Co. Inc. ( BWS ), Skechers USA Inc. ( SKX ) and Nike, Inc. ( NKE ). While Brown Shoe and Skechers carry a Zacks Rank #1 (Strong Buy), Nike has a Zacks Rank #2.
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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Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. Teva - a brand of Deckers Outdoor Corp. ( DECK ) - will unveil its first retail store in Orlando, Fla. this week. The challenging macroeconomic environment has made Deckers resort to various means to reposition itself and keep afloat.
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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. Teva - a brand of Deckers Outdoor Corp. ( DECK ) - will unveil its first retail store in Orlando, Fla. this week. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Teva - a brand of Deckers Outdoor Corp. ( DECK ) - will unveil its first retail store in Orlando, Fla. this week. 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. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities.
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Teva - a brand of Deckers Outdoor Corp. ( DECK ) - will unveil its first retail store in Orlando, Fla. this week. Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The challenging macroeconomic environment has made Deckers resort to various means to reposition itself and keep afloat.
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6757ef45-14f1-496d-9c9d-b06c4b0ec714
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724735.0
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2013-09-27 00:00:00 UTC
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Nike Beats Q1 Earnings Estimates - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/nike-beats-q1-earnings-estimates-analyst-blog-2013-09-27
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nan
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nan
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Sports equipment and apparel leader Nike Inc. ( NKE ) yesterday came up with robust first-quarter fiscal 2014 results, driven primarily by strong demand for NIKE branded products. The company's earnings from continuing operations of 86 cents per share climbed 37% year over year and beat the Zacks Consensus Estimate of 78 cents. The year-over-year bottom-line growth was primarily due to an increase in both revenues and margins, along with reduced tax rate and lower share count.
Better-than-expected quarterly results boosted investors' confidence as was reflected in the company's share price which soared 6.34% to $74.80 in the extended trading hours.
Quarter in Detail
Nike's total revenue grew 8% year over year to $6,971 million but marginally fell short of the Zacks Consensus Estimate of $6,973 million. During the quarter, effects of the currency exchange rate were negligible on Nike's top-line growth. The year-over-year rise in revenue was primarily driven by robust performances across all geographical regions, except for Greater China. Moreover, the company registered growth in all the product categories.
Nike has announced that from first-quarter fiscal 2014, its reporting segment structure has undergone a change. The company's Hurley and NIKE Golf businesses, which were earlier reported as Other Businesses, are now included under the NIKE Brand segment. Moreover, its Converse business is now reported as a separate segment. With this, Other Businesses segment has ceased to exist.
During the reported quarter, revenues of NIKE Brand grew 7% year over year to $6,468 million while the Converse segment registered a revenue increase of 18% to $494 million, primarily driven by strong performances in the U.K., North America and China.
Nike's gross profit grew 11% from the year-ago quarter to $3,132 million, and gross margin expanded 120 basis points (bps) to 44.9%. The margin expansion mainly resulted from better mix toward higher margin products and lower material costs, partially offset by increased labor expenses and adverse foreign exchange rates.
Selling and administrative expenses were almost flat year over year at $2,056 million, as a rise of 12% in operating overhead costs were fully offset by a decline of 16% for demand creation expense. Overhead expenses rose due to increased Direct to Consumer costs, resulting from new store openings and mounting expenses at existing stores as well as investments in digital innovations and other businesses.
Income before interest and other expenses and income taxes for the quarter rose nearly 40% year over year to $1,076 million, while as a percentage of sales it expanded 350 bps to 15.4%. The year-over-year expansion in margins was primarily due to higher gross margin and leveraged operating selling and administrative expenses.
Balance Sheet
Global inventories increased 6% at the end of quarter to $3,472 million, compared with $3,263 million at the end of year-ago comparable quarter. The increase was primarily led by an 8% rise in the NIKE Brand inventories.
Nike ended the quarter with cash and short-term investments of $5,578 million, up approximately 70.7% from $3,267 million as of Aug 31, 2012. Increase in cash and cash equivalents was due to proceeds from the issuance of debt in fourth-quarter fiscal 2013, sale of Umbro and Cole Haan businesses, a higher net income, and enhanced working capital productivity. Moreover, the company has a long-term debt of $1,207 million (excluding current maturities) and shareholders' equity of $11,282 million at the end of first quarter.
Share Repurchase
During the quarter, this Zacks Rank #3 (Hold) company repurchased 8.4 million shares for about $526 million under its $8.0 billion stock repurchase program approved in Sep 2012. Since the beginning of this new stock repurchase program, Nike has repurchased 23.7 million shares for nearly $1.3 billion.
Futures Orders
Global futures orders for NIKE Brand footwear and apparel scheduled for delivery from Sep 2013 through Jan 2014 were up 8%. The year-over-year increase in futures orders was led by 11% increase in North America, 25% in Central & Eastern Europe, 12% in Western Europe, 3% in Greater China and 1% in Emerging Markets. However, future orders in Japan declined 19%.
Other Stocks to Consider
Currently, Nike carries a Zacks Rank #3 (Hold). Better-performing stocks in the retail industry include Deckers Outdoor Corporation ( DECK ), Carter's, Inc. ( CRI ) and Brown Shoe Co. Inc. ( BWS ). All of these have a Zacks Rank #2 (Buy).
BROWN SHOE CO (BWS): Free Stock Analysis Report
CARTERS INC (CRI): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-performing stocks in the retail industry include Deckers Outdoor Corporation ( DECK ), Carter's, Inc. ( CRI ) and Brown Shoe Co. Inc. ( BWS ). BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. The year-over-year bottom-line growth was primarily due to an increase in both revenues and margins, along with reduced tax rate and lower share count.
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BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Better-performing stocks in the retail industry include Deckers Outdoor Corporation ( DECK ), Carter's, Inc. ( CRI ) and Brown Shoe Co. Inc. ( BWS ). During the reported quarter, revenues of NIKE Brand grew 7% year over year to $6,468 million while the Converse segment registered a revenue increase of 18% to $494 million, primarily driven by strong performances in the U.K., North America and China.
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BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Better-performing stocks in the retail industry include Deckers Outdoor Corporation ( DECK ), Carter's, Inc. ( CRI ) and Brown Shoe Co. Inc. ( BWS ). Quarter in Detail Nike's total revenue grew 8% year over year to $6,971 million but marginally fell short of the Zacks Consensus Estimate of $6,973 million.
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Better-performing stocks in the retail industry include Deckers Outdoor Corporation ( DECK ), Carter's, Inc. ( CRI ) and Brown Shoe Co. Inc. ( BWS ). BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. During the reported quarter, revenues of NIKE Brand grew 7% year over year to $6,468 million while the Converse segment registered a revenue increase of 18% to $494 million, primarily driven by strong performances in the U.K., North America and China.
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18cca5d7-25f4-4910-ab03-e204bed6c6fe
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724736.0
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2013-09-25 00:00:00 UTC
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After Hours Most Active for Sep 25, 2013 : MSFT, T, C, QQQ, HBAN, ABT, XOM, BAC, MET, DECK, ATVI, INTC
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DECK
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https://www.nasdaq.com/articles/after-hours-most-active-sep-25-2013-msft-t-c-qqq-hban-abt-xom-bac-met-deck-atvi-intc-2013
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nan
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nan
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The NASDAQ 100 After Hours Indicator is up .45 to 3,209. The total After hours volume is currently 29,227,843 shares traded.
The following are the most active stocks for the after hours session :
Microsoft Corporation ( MSFT ) is -0.015 at $32.49, with 2,078,500 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 $0.7. MSFT's current last sale is 90.25% of the target price of $36.
AT&T Inc. ( T ) is +0.1 at $34.15, with 1,656,177 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.5. T's current last sale is 89.87% of the target price of $38.
Citigroup Inc. ( C ) is +0.14 at $49.40, with 1,647,029 shares traded. As reported by Zacks, the current mean recommendation for C is in the "buy range".
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.04 at $78.60, with 1,521,704 shares traded. This represents a 28.2% increase from its 52 Week Low.
Huntington Bancshares Incorporated ( HBAN ) is unchanged at $8.35, with 1,500,129 shares traded. HBAN's current last sale is 98.24% of the target price of $8.5.
Abbott Laboratories ( ABT ) is +0.1 at $33.77, with 1,342,425 shares traded. ABT's current last sale is 84.43% of the target price of $40.
Exxon Mobil Corporation ( XOM ) is +0.0802 at $87.22, with 1,317,324 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $2. XOM's current last sale is 89.92% of the target price of $97.
Bank of America Corporation ( BAC ) is +0.01 at $14.15, with 833,194 shares traded. BAC's current last sale is 99.3% of the target price of $14.25.
MetLife, Inc. ( MET ) is +0.1061 at $47.96, with 781,144 shares traded. As reported by Zacks, the current mean recommendation for MET is in the "buy range".
Deckers Outdoor Corporation ( DECK ) is unchanged at $63.96, with 756,101 shares traded., following a 52-week high recorded in today's regular session.
Activision Blizzard, Inc ( ATVI ) is +0.015 at $16.97, with 730,516 shares traded. As reported by Zacks, the current mean recommendation for ATVI is in the "buy range".
Intel Corporation ( INTC ) is unchanged at $23.70, with 592,907 shares traded. As reported in the last short interest update the days to cover for INTC is 7.209683; this calculation is based on the average trading volume of the stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation ( DECK ) is unchanged at $63.96, with 756,101 shares traded., following a 52-week high recorded in today's regular session. The following are the most active stocks for the after hours session : Microsoft Corporation ( MSFT ) is -0.015 at $32.49, with 2,078,500 shares traded. As reported in the last short interest update the days to cover for INTC is 7.209683; this calculation is based on the average trading volume of the stock.
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Deckers Outdoor Corporation ( DECK ) is unchanged at $63.96, with 756,101 shares traded., following a 52-week high recorded in today's regular session. The total After hours volume is currently 29,227,843 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013.
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Deckers Outdoor Corporation ( DECK ) is unchanged at $63.96, with 756,101 shares traded., following a 52-week high recorded in today's regular session. AT&T Inc. ( T ) is +0.1 at $34.15, with 1,656,177 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013.
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Deckers Outdoor Corporation ( DECK ) is unchanged at $63.96, with 756,101 shares traded., following a 52-week high recorded in today's regular session. The following are the most active stocks for the after hours session : Microsoft Corporation ( MSFT ) is -0.015 at $32.49, with 2,078,500 shares traded. AT&T Inc. ( T ) is +0.1 at $34.15, with 1,656,177 shares traded.
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c9512800-07fa-4df5-9776-750e541d259c
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724737.0
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2013-09-10 00:00:00 UTC
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Citi Trends Hits New High - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/citi-trends-hits-new-high-analyst-blog-2013-09-10
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nan
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nan
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Shares of Citi Trends, Inc. ( CTRN ) touched a new 52-week high of $17.72 on Monday, Sep 9, and eventually closed trade at $17.47. The stock has been performing well, based on the company's better-than-expected second-quarter fiscal 2013 results and impressive outlook. This specialty retailer has amassed a year-to-date return of 28.8%.
The average volume of shares traded over the last 3 months was approximately 84K. The last traded price is 16.5% above the Zacks Consensus average analyst price target of $15.00. Additionally, the company's long-term estimated earnings per share (EPS) growth rate is 11.7%.
Investors are optimistic about this Zacks Rank #1 (Strong Buy) stock as it reported loss of 37 cents per share for the second quarter, narrowing down from a loss of 54 cents in the comparable year-ago quarter. Moreover, it fared better than the Zacks Consensus Estimate of loss of 43 cents per share. Citi Trends' strategic initiatives such as better utilization of floor area, improvising merchandise margins and efficient inventory management have helped it to make a significant turnaround.
Further, Citi Trends provided an upbeat guidance for fiscal 2013. The company expects to continue posting positive comparable store sales and improved gross margin with lower levels of inventory. Citi Trends intends to keep lesser inventory in the third and fourth quarters of this fiscal as compared with the year-ago quarter level.
Moreover, we believe that Citi Trends' strong focus on its store expansion strategy will drive top-line growth. We also hold that the company's debt-free balance sheet, along with cash and cash equivalents of $61.2 million as of Aug 3, 2013, provides it the financial flexibility to increase store count. Also, the company's steps to reduce inventory shrinkage will help it to steadily improve its operational performance going forward.
Apart from Citi Trends, other stocks such as Deckers Outdoor Corp. ( DECK ), Tractor Supply Company ( TSCO ) and Boston Beer Co. Inc. ( SAM ) achieved new 52-week highs of $62.85, $127.62 and $227.10, respectively, on Sep 9, 2013.
CITI TRENDS INC (CTRN): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
BOSTON BEER INC (SAM): Free Stock Analysis Report
TRACTOR SUPPLY (TSCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apart from Citi Trends, other stocks such as Deckers Outdoor Corp. ( DECK ), Tractor Supply Company ( TSCO ) and Boston Beer Co. Inc. ( SAM ) achieved new 52-week highs of $62.85, $127.62 and $227.10, respectively, on Sep 9, 2013. CITI TRENDS INC (CTRN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report To read this article on Zacks.com click here. Citi Trends' strategic initiatives such as better utilization of floor area, improvising merchandise margins and efficient inventory management have helped it to make a significant turnaround.
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Apart from Citi Trends, other stocks such as Deckers Outdoor Corp. ( DECK ), Tractor Supply Company ( TSCO ) and Boston Beer Co. Inc. ( SAM ) achieved new 52-week highs of $62.85, $127.62 and $227.10, respectively, on Sep 9, 2013. CITI TRENDS INC (CTRN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, it fared better than the Zacks Consensus Estimate of loss of 43 cents per share.
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Apart from Citi Trends, other stocks such as Deckers Outdoor Corp. ( DECK ), Tractor Supply Company ( TSCO ) and Boston Beer Co. Inc. ( SAM ) achieved new 52-week highs of $62.85, $127.62 and $227.10, respectively, on Sep 9, 2013. CITI TRENDS INC (CTRN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report To read this article on Zacks.com click here. Investors are optimistic about this Zacks Rank #1 (Strong Buy) stock as it reported loss of 37 cents per share for the second quarter, narrowing down from a loss of 54 cents in the comparable year-ago quarter.
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Apart from Citi Trends, other stocks such as Deckers Outdoor Corp. ( DECK ), Tractor Supply Company ( TSCO ) and Boston Beer Co. Inc. ( SAM ) achieved new 52-week highs of $62.85, $127.62 and $227.10, respectively, on Sep 9, 2013. CITI TRENDS INC (CTRN): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, it fared better than the Zacks Consensus Estimate of loss of 43 cents per share.
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6480028b-9465-4543-8009-c1d5fa3cbeab
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724738.0
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2013-08-21 00:00:00 UTC
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New Stock Coverage: Trulia Inc Is on Easy Street
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DECK
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https://www.nasdaq.com/articles/new-stock-coverage-trulia-inc-easy-street-2013-08-21
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nan
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nan
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The Dow's (^DJI) case of the Mondays now even extends to Tuesday, until recently its most reliable money maker . Blue chips fell for a fifth straight session, their longest losing streak of 2013, and briefly broke below 15,000. Some stocks did buck a bad tape. A broker boost sent Facebook ( FB ) up 1.59% as its sad sack 1.1 billion users provided redundant proof that misery loves company . Not that there's anything wrong with that but, judging by the bulging bank balance of Jerry Seinfeld , surely it's far better to be happy. Or at least Joly , the CEO who saw his Best Buy ( BBY ) surge 13.24% on an otherwise desultory day.
Hubert's fellow Euro Schäuble proved to be a sheep in Wolfgang's clothing apropos of Athens . As for sheepskin clothes, Ugg-endorsing quarterback and all American boy Tom Brady enjoyed a 1.84% jump in Deckers Outdoor ( DECK ) 1.84%. (Although the girly man is still out-earned by his wife , one Brazilian apparently unaffected by recent action in submerging markets.) An appropriate broker boost on National Radio Day sent Pandora Media ( P ) to the highest level in his history, and Nikola Tesla ( TSLA ), who knew a thing or two about Mr. Marconi's wireless, inspired a 3.23% increase in that unstoppable stock.
Today in economics, analysts expect an improvement in July existing home sales at 10:00 a.m. Eastern. At 2:00 p.m. the Federal Open Market Committee releases minutes to its July 30-31 policy meeting. On the earnings front, American Eagle Outfitters (AEO), China Telecom (CHA), Heineken (HKHHY), Hewlett-Packard (HPQ), J.M. Smucker (SJM), L Brands (LTD), Lowe's (LOW), Madison Square Garden (MSG), PetSmart (PETM), Staples (SPLS), Target (TGT), and Toll Brothers (TOL) are all due to release results.
Investors Bancorp (ISBC): Deutsche Bank has a Hold on ISBC.
Navistar (NAV): Susquehanna starts the stock at a Neutral.
PACCAR (PCAR): The truck firm is a new Neutral at Susquehanna.
Sanchez Energy (SN): Canccord Genuity starts Buy-rated coverage on the oil and gas company.
Trulia Inc (TRLA): JPMorgan assigns an Overweight on the online residential real estate site.
WCI Communities (WCIC): Shares are a fresh Outperform at FBR Capital, whose price target is $21 amid its attractive Florida exposure and relatively low-cost land portfolio.
(See also: Stock Upgrades: Herbalife Ltd. Still Turning Bill Ackman's Hair 50 Shades of Gray and Stock Downgrades: Chesapeake Energy Corporation Told to Frack Off .)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As for sheepskin clothes, Ugg-endorsing quarterback and all American boy Tom Brady enjoyed a 1.84% jump in Deckers Outdoor ( DECK ) 1.84%. A broker boost sent Facebook ( FB ) up 1.59% as its sad sack 1.1 billion users provided redundant proof that misery loves company . An appropriate broker boost on National Radio Day sent Pandora Media ( P ) to the highest level in his history, and Nikola Tesla ( TSLA ), who knew a thing or two about Mr. Marconi's wireless, inspired a 3.23% increase in that unstoppable stock.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. As for sheepskin clothes, Ugg-endorsing quarterback and all American boy Tom Brady enjoyed a 1.84% jump in Deckers Outdoor ( DECK ) 1.84%. Navistar (NAV): Susquehanna starts the stock at a Neutral.
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As for sheepskin clothes, Ugg-endorsing quarterback and all American boy Tom Brady enjoyed a 1.84% jump in Deckers Outdoor ( DECK ) 1.84%. An appropriate broker boost on National Radio Day sent Pandora Media ( P ) to the highest level in his history, and Nikola Tesla ( TSLA ), who knew a thing or two about Mr. Marconi's wireless, inspired a 3.23% increase in that unstoppable stock. Smucker (SJM), L Brands (LTD), Lowe's (LOW), Madison Square Garden (MSG), PetSmart (PETM), Staples (SPLS), Target (TGT), and Toll Brothers (TOL) are all due to release results.
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As for sheepskin clothes, Ugg-endorsing quarterback and all American boy Tom Brady enjoyed a 1.84% jump in Deckers Outdoor ( DECK ) 1.84%. The Dow's (^DJI) case of the Mondays now even extends to Tuesday, until recently its most reliable money maker . Blue chips fell for a fifth straight session, their longest losing streak of 2013, and briefly broke below 15,000.
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baaa5e55-5010-47fe-b7e9-10a4597c94ef
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724739.0
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2013-08-08 00:00:00 UTC
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Charts and Short Squeezes - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/charts-and-short-squeezes-analyst-blog-2013-08-08
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nan
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nan
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Given the dog days of summer, I thought it might be worth looking at a few companies which have potentially bullish chart set ups and high short interest ratios. The hope of this screen is to come up with a few potential short squeezes and stocks which have fuel to generate some profits. Here are three picks which caught my attention:
Idea one: Deckers Outdoor ( DECK ), Zacks Rank #2 (Buy).
DECK is a footwear and apparel manufacturer and marketer.
Technically, DECK shows signs of forming a base and a clean rally over the $60 level could confirm a leg higher. The base pattern sets up the potential for a rally into the $90 area with $77 to $80 providing resistance along the way. As the stock formed the bottom in the $30 region, there was a flaring of volume which suggests a change of ownership. The recent rally has seen light volume. This is a bit concerning as it suggests limited interest, but may be consistent with the market pausing before the next leg higher.
The short interest in DECK has risen nicely through 2013. Since the middle of January 2013, the short interest ratio has risen from 5.68 to 14.15. The short interest ratio looks to be toward the higher end of the historical range. The short interest ratio built as the volume in the stock dropped off in recent months. There is an old saying in the trade, "never short a quiet market". We'll see if this saying comes true.
The fundamental backdrop for DECK appears constructive. Although there are worries about a slowdown in consumer spending given falling refinance activity and sluggish growth in disposable income, the labor market has been producing jobs and the bottom up story appears firm.
Analysts have tended to raise their profit outlook for DECK over the past 30 days. There were seven upward revisions and no downward revisions to the 2013 outlook. For 2014, there were five upward revisions and two downward revisions.
DECK is reasonably priced at 13.9x expected 12 month earnings per share. The median value is 14.9 and the min and max values are 5.6 and 27.5 respectively.
Idea two: Stewart Information Services ( STC ), Zacks Rank #3 (Hold).
STC provides real estate services which include global residential and commercial title insurance, escrow, and settlement services. Although there is an international footprint, it is small. About 6% of revenues in the June quarter were linked to international operations.
Technically, STC has been in a powerful uptrend and recently broke out of a triangle pattern to the upside. It looks to be continuing higher with its uptrend. The triangle argues for a move toward the $37, and traders may see the $30 level as support. The pattern would be in question on a breach of the $28 area.
The short interest ratio was 14.5 as of the middle of July and is up from 5.4 at the start of the year. The short interest ratio is on the upper end of the one year range and has swung higher since May. Given the run up in prices, some of these sellers may be under pressure to cover.
Fundamental dynamics for the company are mixed. The Zacks 2013 Consensus Earnings per Share Estimate has risen $0.18 over the past 30 days to $2.64, but the 2014 estimate has been cut $0.65 to $3.25. The expected growth rate is strong at 23%, but compressing. The recent rise in mortgage rates may be a headwind to the bull story.
Valuation is ok with the forward 12 month PE ratio at 10.4. Earnings have been volatile for the company. Free cash flow has been improving, but has tended to follow the direction of the economic cycle.
Idea three: Dynamics Materials Corporation ( BOOM ), Zacks Rank #3 (Hold).
BOOM operates in the explosion metal working space.
Technically, BOOM is has broken out of a falling wedge formation after forming a "V" looking base. The text book analysis argues for a move toward $28, but the top of the channel off the recent low could slow the rally. A retest of the wedge and the base around the $18 area could be seen as support.
The short interest ratio for BOOM is 10.2 and near the top end of the one year range. The ratio is also on the top side of the 10 year range. With signs of stronger manufacturing activity, this base could provide fuel for a rally. U.S. and European manufacturing PMIs have firmed and Chinese commodity imports found a firmer tone in July.
Fundamentally, analysts have been reducing their earnings estimates over the past 30 days. The 2013 Zacks Consensus Earnings per Share Estimate has declined $.07 to $0.75 and the 2014 EPS consensus has dropped $.01 to $1.32.
The 12 month forward PE ratio is 17.9 and under the 10 year median value of 19.2 and the price to sales ratio is 1.3 near the 10 year median.
In conclusion:
Playing for a short squeeze is a contrarian trade and it is hard to match up a company with a strong earnings outlook with a short base. Shorts are usually looking for companies with weak earnings to sell - not strong earnings momentum. Given the Zacks Rank #2 for DECK, it may hold the greatest potential for price gain. It has the strongest trend in upward earnings revisions, a short base, and favorable chart set up. STC and BOOM are more neutral names in terms of earnings revisions, but are carrying favorable looking chart patterns and price gains seem to be squeezing shorts.
DYNAMIC MATLS (BOOM): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
STEWART INFO SV (STC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 three picks which caught my attention: Idea one: Deckers Outdoor ( DECK ), Zacks Rank #2 (Buy). DECK is a footwear and apparel manufacturer and marketer. Technically, DECK shows signs of forming a base and a clean rally over the $60 level could confirm a leg higher.
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DYNAMIC MATLS (BOOM): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report STEWART INFO SV (STC): Free Stock Analysis Report To read this article on Zacks.com click here. Here are three picks which caught my attention: Idea one: Deckers Outdoor ( DECK ), Zacks Rank #2 (Buy). DECK is a footwear and apparel manufacturer and marketer.
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DYNAMIC MATLS (BOOM): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report STEWART INFO SV (STC): Free Stock Analysis Report To read this article on Zacks.com click here. Here are three picks which caught my attention: Idea one: Deckers Outdoor ( DECK ), Zacks Rank #2 (Buy). DECK is a footwear and apparel manufacturer and marketer.
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DECK is reasonably priced at 13.9x expected 12 month earnings per share. Here are three picks which caught my attention: Idea one: Deckers Outdoor ( DECK ), Zacks Rank #2 (Buy). DECK is a footwear and apparel manufacturer and marketer.
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13db2404-a304-4f1a-97e1-959828f88f5a
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724740.0
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2013-08-06 00:00:00 UTC
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Skechers Upgraded to Outperform - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-upgraded-to-outperform-analyst-blog-2013-08-06
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nan
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nan
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On Jul 31, we upgraded our recommendation on Skechers U.S.A., Inc. ( SKX ), the designer, marketer and distributor of footwear, to Outperform, following better-than-expected second-quarter 2013 results. The company attained a Zacks Rank #1 (Strong Buy) status on Jul 19.
Why the Upgrade?
Skechers showcased a strong operating performance during the second quarter, marking a sharp recovery from a loss posted in the year-ago quarter on the back of strong sales across international wholesale and company-owned retail businesses.
The quarterly earnings came in at 14 cents a share compared with a loss of 4 cents delivered in the prior-year quarter, and handily surpassed the Zacks Consensus Estimate of 3 cents. Increased demand of products and healthy performance across all revenue channels led to an 11.5% surge in revenue to $428.2 million, which also came ahead of the Zacks Consensus Estimate of $425 million.
The stronger-than-anticipated results triggered an uptrend in the Zacks Consensus Estimates, as analysts become more constructive on the stock's future performance. This is evident from the movement witnessed in the Zacks Consensus Estimate that surged 17% to $1.10 for 2013 and 20.4% to $1.83 per share for 2014 in the past 30 days.
With more emphasis on the new line of products, cost containment efforts, inventory management and global distribution platform, the company anticipates sustaining the growth momentum in 2013. Moreover, Skechers expects to benefit from back-to-school deliveries and projects significant growth for the upcoming quarter as the demand for the company's products remains strong.
Other Stocks to Consider
Apart from Skechers, the other stocks worth considering in the Footwear & Accessories industry include Brown Shoe Co. Inc. ( BWS ) holding a Zacks Rank #1 (Strong Buy), and Wolverine World Wide Inc. ( WWW ) and Deckers Outdoor Corp. ( DECK ), both carrying a Zacks Rank #2 (Buy).
BROWN SHOE CO (BWS): 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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Other Stocks to Consider Apart from Skechers, the other stocks worth considering in the Footwear & Accessories industry include Brown Shoe Co. Inc. ( BWS ) holding a Zacks Rank #1 (Strong Buy), and Wolverine World Wide Inc. ( WWW ) and Deckers Outdoor Corp. ( DECK ), both carrying a Zacks Rank #2 (Buy). BROWN SHOE CO (BWS): 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 Jul 31, we upgraded our recommendation on Skechers U.S.A., Inc. ( SKX ), the designer, marketer and distributor of footwear, to Outperform, following better-than-expected second-quarter 2013 results.
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Other Stocks to Consider Apart from Skechers, the other stocks worth considering in the Footwear & Accessories industry include Brown Shoe Co. Inc. ( BWS ) holding a Zacks Rank #1 (Strong Buy), and Wolverine World Wide Inc. ( WWW ) and Deckers Outdoor Corp. ( DECK ), both carrying a Zacks Rank #2 (Buy). BROWN SHOE CO (BWS): 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.
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Other Stocks to Consider Apart from Skechers, the other stocks worth considering in the Footwear & Accessories industry include Brown Shoe Co. Inc. ( BWS ) holding a Zacks Rank #1 (Strong Buy), and Wolverine World Wide Inc. ( WWW ) and Deckers Outdoor Corp. ( DECK ), both carrying a Zacks Rank #2 (Buy). BROWN SHOE CO (BWS): 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. The quarterly earnings came in at 14 cents a share compared with a loss of 4 cents delivered in the prior-year quarter, and handily surpassed the Zacks Consensus Estimate of 3 cents.
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Other Stocks to Consider Apart from Skechers, the other stocks worth considering in the Footwear & Accessories industry include Brown Shoe Co. Inc. ( BWS ) holding a Zacks Rank #1 (Strong Buy), and Wolverine World Wide Inc. ( WWW ) and Deckers Outdoor Corp. ( DECK ), both carrying a Zacks Rank #2 (Buy). BROWN SHOE CO (BWS): 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. This is evident from the movement witnessed in the Zacks Consensus Estimate that surged 17% to $1.10 for 2013 and 20.4% to $1.83 per share for 2014 in the past 30 days.
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f98273af-13af-4dc9-a472-93df3f9da33f
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724741.0
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2013-08-06 00:00:00 UTC
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How one bull is staying in Deckers
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DECK
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https://www.nasdaq.com/articles/how-one-bull-staying-deckers-2013-08-06
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nan
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nan
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Someone apparently thinks that Deckers Outdoor is ready for a comeback.
optionMONSTER's Heat Seeker monitoring system detected the purchase of 3,300 September 60 calls for $2.40 and the sale of an equal number of September 67.50 calls for $0.40. At the same time, 3,300 August 57.50 calls were sold for $2.15 and an equal number of August 65 calls were bought for $0.15.
Volume was below previous open interest in the August strike but not the September options, indicating that a vertical call spread was closed and rolled forward in time. The net cost was zero, excluding fees and commissions.
The strategy controls a move between two prices at low cost, offering the potential for significant leverage. Adjusting the position provides another month in the trade while preventing the investor from being assigned shares at August expiration at the end of next week. (See our Education section)
DECK rose 2.44 percent to $59.21 yesterday. The footwear maker lost about three-quarters of its value between November 2011 and October 2012 but has been trying to rebound since. While quarterly results have mostly lagged expectations, the shares have been climbing against significant short interest and now seem to be finding support above the key 50-day moving average.
Total option volume was more than triple the daily average in the session, according to the Heat Seeker. Calls outnumbered puts by more than 5 to 1.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Someone apparently thinks that Deckers Outdoor is ready for a comeback. (See our Education section) DECK rose 2.44 percent to $59.21 yesterday. Volume was below previous open interest in the August strike but not the September options, indicating that a vertical call spread was closed and rolled forward in time.
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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. Someone apparently thinks that Deckers Outdoor is ready for a comeback. (See our Education section) DECK rose 2.44 percent to $59.21 yesterday.
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Someone apparently thinks that Deckers Outdoor is ready for a comeback. (See our Education section) DECK rose 2.44 percent to $59.21 yesterday. optionMONSTER's Heat Seeker monitoring system detected the purchase of 3,300 September 60 calls for $2.40 and the sale of an equal number of September 67.50 calls for $0.40.
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Someone apparently thinks that Deckers Outdoor is ready for a comeback. (See our Education section) DECK rose 2.44 percent to $59.21 yesterday. optionMONSTER's Heat Seeker monitoring system detected the purchase of 3,300 September 60 calls for $2.40 and the sale of an equal number of September 67.50 calls for $0.40.
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92b16479-18fd-46bf-ad8f-f1e6f858e4ad
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724742.0
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2013-07-26 00:00:00 UTC
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Deckers' Posts Narrower-than-Expected Q2 Loss - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-posts-narrower-than-expected-q2-loss-analyst-blog-2013-07-26
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nan
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nan
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Deckers Outdoor Corporation ( DECK ) posted second-quarter 2013 loss of 85 cents a share that fared better than the Zacks Consensus Estimate of a loss of $1.06. Also, this compared favorably with management's guidance of a loss of $1.10 due to lower operational expenses.
However, the quarterly loss widened substantially from a loss of 53 cents a share delivered in the year-ago quarter due to soft sales across the UGG brand and sluggish sales of sandals for the Teva and Sanuk brands.
Deckers' total net sales dropped 2.5% year over year to $170.1 million and fell short of the Zacks Consensus Estimate of $180 million. Management had earlier anticipated revenue to remain flat for the quarter under review.
During the quarter, the company's domestic sales declined 3% year over year to $110.1 million, whereas international sales fell 1.6% to $60 million.
Deckers has been grappling with higher input costs, primarily due to rise in sheepskin costs. In order to safeguard against rising sheepskin costs and other raw materials, Deckers has undertaken certain long-term programs, which include increasing the mix of non-sheepskin merchandises, new casual footwear materials less prone to 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, and to enhance presence in South Korea, Taiwan, Mongolia, Singapore, and Australia.
Segment Discussion
UGG brand net sales fell 6.9% to $100.4 million, primarily due to a fall in domestic and international wholesale sales, decline in international distributor sales and a decrease in comparable-store sales, partially offset by a rise in worldwide retail sales on account of new store openings and a rise in global eCommerce sales.
Teva brand net sales plunged 8.4% to $31.2 million, reflecting a fall in domestic wholesale sales, partly offset by higher international distributor sales.
Sales for the Sanuk brand, known for its exclusive sandals and shoes, were $30.1 million, up 7.5% from the year-ago quarter, reflecting higher domestic wholesale and eCommerce sales, rise in international distributor sales, and favorable launch of the brand in the wholesale markets of Europe.
Combined net sales of Deckers' Other brands for the quarter were $8.3 million that surged 87% year over year on the back of HOKA ONE ONE brand, acquired in Sep 2012.
Retail Stores sales ascended 29.1% to $32.5 million, propelled by the opening of 36 new stores, partly offset by a 5.3% decline in comparable-store sales.
eCommerce sales soared 34.2% to $10.7 million, reflecting robust demand of the UGG brand in both domestic and international markets. Moreover, inclusion of new international eCommerce websites and higher domestic demand of Sanuk brand bolstered sales.
Gross profit decreased 5.1% to $69.8 million from the comparable prior-year quarter, whereas gross margin contracted 110 basis points to 41.1%. Deckers reported operating loss of $42.8 million compared with the loss of $28.7 million in the year-ago period.
Other Financial Aspects
Deckers ended the quarter with cash and cash equivalents of $49.1 million, down significantly from $114.4 million in the prior-year quarter, while short-term borrowings were $26 million. Shareholders' equity was $718.2 million at the end of the quarter. Inventories grew 4.6% year over year to $362.1 million. The company had borrowings of $26 million under its credit facility.
Management now anticipates capital expenditures between $85 million and $90 million for 2013.
During the quarter, Deckers did not buy back any shares. As of Jun 30, the company has $79 million remaining at its disposal under its $200 million share repurchase authorization declared in Jul 2012.
Guidance
On the back of robust eCommerce sales trends and more than expected opening of new outlets (36 opened versus 30 planned) Deckers provided an improved outlook for 2013.
This Zacks Rank #3 (Hold) stock now projects total revenue growth of 8% for 2013, anticipating an increase of 7% to 8% in UGG brand sales, flat to marginally down sales at Teva brand, 5% increase in Sanuk brand sales and sales worth $39 million from other brands.
Earlier, the company had forecasted total revenue growth of 7% for 2013 on the back of a 4% jump in UGG brand sales, 6% rise in Teva brand sales, 10% to 13% growth in Sanuk brand sales and sales worth $41 million from other brands.
Management now envisions an 8% rise in 2013 earnings per share, up from 5% predicted earlier.
Deckers now projects third-quarter 2013 revenue to climb 2.5%, while earnings per share are projected to decline 41% year over year. For the fourth quarter, revenue is anticipated to take a leap of 14.5%, whereas earnings per share are forecasted to surge 38% from the year-ago quarter.
Other Stocks to Consider
Until any further upward revision in the Zacks Rank of Deckers, investors may consider other stocks in the same industry that look far more promising. These include Skechers USA Inc. ( SKX ), Wolverine World Wide Inc. ( WWW ) and Brown Shoe Co. Inc. ( BWS ) all portraying a Zacks Rank #1 (Strong Buy).
BROWN SHOE CO (BWS): 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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Deckers Outdoor Corporation ( DECK ) posted second-quarter 2013 loss of 85 cents a share that fared better than the Zacks Consensus Estimate of a loss of $1.06. Deckers' total net sales dropped 2.5% year over year to $170.1 million and fell short of the Zacks Consensus Estimate of $180 million. Deckers has been grappling with higher input costs, primarily due to rise in sheepskin costs.
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BROWN SHOE CO (BWS): 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. Deckers Outdoor Corporation ( DECK ) posted second-quarter 2013 loss of 85 cents a share that fared better than the Zacks Consensus Estimate of a loss of $1.06. Deckers' total net sales dropped 2.5% year over year to $170.1 million and fell short of the Zacks Consensus Estimate of $180 million.
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Deckers Outdoor Corporation ( DECK ) posted second-quarter 2013 loss of 85 cents a share that fared better than the Zacks Consensus Estimate of a loss of $1.06. Deckers' total net sales dropped 2.5% year over year to $170.1 million and fell short of the Zacks Consensus Estimate of $180 million. Deckers has been grappling with higher input costs, primarily due to rise in sheepskin costs.
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Deckers Outdoor Corporation ( DECK ) posted second-quarter 2013 loss of 85 cents a share that fared better than the Zacks Consensus Estimate of a loss of $1.06. Deckers' total net sales dropped 2.5% year over year to $170.1 million and fell short of the Zacks Consensus Estimate of $180 million. Deckers has been grappling with higher input costs, primarily due to rise in sheepskin costs.
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dad24d80-c94c-43de-867d-ebb96a8cf016
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724743.0
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2013-07-25 00:00:00 UTC
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Skechers Reports Strong 2Q Earnings - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-reports-strong-2q-earnings-analyst-blog-2013-07-25
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nan
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nan
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Skechers USA, Inc .'s ( SKX ) second-quarter 2013 earnings came in at 14 cents a share, a significant recovery from the loss of 4 cents delivered in the prior-year quarter, owing to strong sales across international wholesale and company-owned retail businesses. The quarterly earnings handily surpassed the Zacks Consensus Estimate of 3 cents.
Increased demand of products and healthy performance across all revenue channels led to an 11.5% surge in revenues to $428.2 million. Total revenue also came ahead of the Zacks Consensus Estimate of $425 million.
With more emphasis on the new line of products, cost containment efforts, inventory management and global distribution platform, this Zacks Rank #1 (Strong Buy) company anticipates sustaining the growth momentum in 2013. Moreover, Skechers expects to benefit from back-to-school deliveries and projects significant growth for the upcoming quarter as the demand for the company's products remains strong.
The quarter exhibited a major improvement in gross profit, which soared 13.7% to $194.9 million, reflecting higher sales volume. Moreover, gross margin expanded 90 basis points to 45.5%, reflecting increased sales and favorable product mix.
Sales Details
The domestic wholesale business marked an elevation of 6.6%, reflecting a jump of 7.1% in pairs shipped coupled with double-digit growth across the men's and women's divisions. The company's Performance Division remained strong with double-digit gain at the men's Performance line.
Skechers' international business increased 10.7% on the back of a 35.1% rise in international subsidiary and joint venture sales. However, distributor sales declined 27.7%. Tough macroeconomic conditions in Europe continue to disappoint. However, China, Chile, Canada, Hong Kong and Singapore portrayed growth momentum.
Citing economic and political challenges in several markets, Skechers apprehends international distributor sales to be low for the year. However, subsidiary and joint venture businesses are expected to rise.
On a combined basis, retail business sales grew 18.9%, whereas comparable-store sales advanced 16.5%. Domestic retail sales rose 19%, while comparable-store sales increased 16.5%. International retail sales jumped 17.7%, whereas comparable-store sales climbed 16.8%.
The company's licensing division has been another source of revenue, whereby the company licenses its name and images. Skechers generated $1.4 million in revenues during the quarter from its licensing partners, which include apparel, eyewear and backpacks.
The 37.2% rise in sales from the company's e-Commerce division was one of the highlights of the quarter. Though the company uses it as a marketing tool, the division was successful in driving incremental sales during the quarter.
Stores Update
Skechers, which competes with Deckers Outdoor Corp. ( DECK ), had 355 retail stores under operation at the end of the second quarter. During the quarter, the company opened 2 stores each in Puerto Rico and Chicago, while it opened 1 store each in Santa Barbara, Japan and Phoenix. The company shuttered 5 outlets in the quarter. So far, in the third quarter of 2013, Skechers has opened 1 outlet in Puerto Rico, 1 in Atlanta, and 1 store in the suburb of Chicago. The company closed 1 location and plans to close another in the coming month. For the remaining part of the year, the company anticipates opening 35 to 40 outlets.
At the end of the quarter, the company operated 124 outlets under joint ventures in Asia, including stores operated by licensees, 276 distributor-owned or licensed Skechers retail stores globally, and 23 company-licensed locations in Canada, Spain, Portugal, Ireland, and the Netherlands.
During the quarter, Skechers' under its joint ventures and through its franchisees and distributors opened 32 outlets, which included the company's first store in Myanmar. 3 stores each were opened in the UAE and Mexico, 7 in Indonesia and 2 each in South Korea, Peru and Singapore. The company opened 1 store each in Egypt, Taiwan, India, Columbia and Lebanon. So far in the third quarter, 5 outlets were opened with 30 more on the cards. In the second quarter, the company shuttered 2 outlets, 1 each in Singapore and Russia.
Strategic Initiatives
Management remains committed to focus on new lines of products, opening of additional Skechers stores and increasing distribution channels with the development of international distribution agreements to boost its sales and profitability. Moreover, international business remains a significant growth driver for the company's sales. Skechers, through its distribution networks, subsidiaries and joint ventures, is poised to enhance its global reach in the footwear market.
Other Financial Aspects
Skechers ended the quarter with cash and cash equivalents of $333 million, long-term debt of $122.5 million and shareholders' equity of $887.8 million, excluding non-controlling interest of $47.2 million. Capital expenditures for the quarter were approximately $9.8 million.
Other Stocks to Consider
Apart from Skechers, the other stocks in the Footwear & Accessories industry worth considering include Wolverine World Wide Inc. ( WWW ) and Brown Shoe Co. Inc. ( BWS ), both carrying a Zacks Rank #1 (Strong Buy).
BROWN SHOE CO (BWS): 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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Stores Update Skechers, which competes with Deckers Outdoor Corp. ( DECK ), had 355 retail stores under operation at the end of the second quarter. BROWN SHOE CO (BWS): 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. With more emphasis on the new line of products, cost containment efforts, inventory management and global distribution platform, this Zacks Rank #1 (Strong Buy) company anticipates sustaining the growth momentum in 2013.
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BROWN SHOE CO (BWS): 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. Stores Update Skechers, which competes with Deckers Outdoor Corp. ( DECK ), had 355 retail stores under operation at the end of the second quarter. With more emphasis on the new line of products, cost containment efforts, inventory management and global distribution platform, this Zacks Rank #1 (Strong Buy) company anticipates sustaining the growth momentum in 2013.
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Stores Update Skechers, which competes with Deckers Outdoor Corp. ( DECK ), had 355 retail stores under operation at the end of the second quarter. BROWN SHOE CO (BWS): 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. At the end of the quarter, the company operated 124 outlets under joint ventures in Asia, including stores operated by licensees, 276 distributor-owned or licensed Skechers retail stores globally, and 23 company-licensed locations in Canada, Spain, Portugal, Ireland, and the Netherlands.
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Stores Update Skechers, which competes with Deckers Outdoor Corp. ( DECK ), had 355 retail stores under operation at the end of the second quarter. BROWN SHOE CO (BWS): 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. With more emphasis on the new line of products, cost containment efforts, inventory management and global distribution platform, this Zacks Rank #1 (Strong Buy) company anticipates sustaining the growth momentum in 2013.
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5fc82766-18cb-4ad9-ac01-601949b6380b
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724744.0
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2013-07-23 00:00:00 UTC
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Will Newell (NWL) Beat Earnings Estimates This Quarter? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-newell-nwl-beat-earnings-estimates-this-quarter-analyst-blog-2013-07-23
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nan
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nan
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Newell Rubbermaid Inc. ( NWL ) is set to declare second-quarter 2013 results on Jul 26. In the last quarter, the company's adjusted earnings surpassed the Zacks Consensus Estimate by 9.4%. Let us now look at how things have developed for the imminent announcement.
Growth Factors in the Past Quarter
The year-over-year earnings growth resulted from a better operating performance, lower interest expenses and a favorable tax rate. The company's strong brand portfolio, capital deployment strategy and Project Renewal Program also facilitated the company to post better-than-expected results.
Earnings Whispers?
Our proven model does not conclusively project that Newell Rubbermaid is likely to beat earnings estimate this quarter. A stock needs to have both a positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method ) and a Zacks Rank #1, 2 or 3 to surpass earnings estimates. However, that is not the case here due to the following factors:
Zacks ESP: ESP for Newell Rubbermaid is 0.00% since the Most Accurate Estimate stands at 49 cents, which is in line with the Zacks Consensus Estimate.
Zacks #2 Rank (Buy): Newell Rubbermaid's Zacks Rank #2 (Buy) lowers the predictive power of ESP because the Zacks Rank #2 when combined with a 0.00% 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.
Other Stocks to Consider
Newell Rubbermaid is not the only firm we are looking up to this earnings season. Our model shows that the following stocks have the right combination of elements to post an earnings beat this quarter:
The Gap, Inc. ( GPS ) has an Earnings ESP of +1.70% and a Zacks Rank #2 (Buy).
Five Below, Inc . ( FIVE ) has an Earnings ESP of +11.11% and a Zacks Rank #2 (Buy).
Deckers Outdoor Corp. ( DECK ) has an Earnings ESP of +6.60% and a Zacks Rank #3 (Hold).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FIVE BELOW INC (FIVE): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
NEWELL RUBBERMD (NWL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 +6.60% and a Zacks Rank #3 (Hold). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report NEWELL RUBBERMD (NWL): Free Stock Analysis Report To read this article on Zacks.com click here. Newell Rubbermaid Inc. ( NWL ) is set to declare second-quarter 2013 results on Jul 26.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report NEWELL RUBBERMD (NWL): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ) has an Earnings ESP of +6.60% and a Zacks Rank #3 (Hold). Zacks #2 Rank (Buy): Newell Rubbermaid's Zacks Rank #2 (Buy) lowers the predictive power of ESP because the Zacks Rank #2 when combined with a 0.00% ESP makes surprise prediction difficult.
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Deckers Outdoor Corp. ( DECK ) has an Earnings ESP of +6.60% and a Zacks Rank #3 (Hold). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report NEWELL RUBBERMD (NWL): Free Stock Analysis Report To read this article on Zacks.com click here. A stock needs to have both a positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method ) and a Zacks Rank #1, 2 or 3 to surpass earnings estimates.
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Deckers Outdoor Corp. ( DECK ) has an Earnings ESP of +6.60% and a Zacks Rank #3 (Hold). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report NEWELL RUBBERMD (NWL): Free Stock Analysis Report To read this article on Zacks.com click here. In the last quarter, the company's adjusted earnings surpassed the Zacks Consensus Estimate by 9.4%.
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f5f5102c-e39e-4874-95d6-1accdbcc346b
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724745.0
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2013-07-22 00:00:00 UTC
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Will Deckers (DECK) Beat Earnings Estimates This Quarter? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-deckers-deck-beat-earnings-estimates-this-quarter-analyst-blog-2013-07-22
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nan
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nan
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We expect Deckers Outdoor Corporation ( DECK ), the designer and marketer of niche footwear and accessories, to beat expectations when it reports second-quarter fiscal 2013 results on Jul 25, 2013.
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.
Positive Zacks ESP: Deckers currently has an Earnings ESP (Read: Zacks Earnings ESP: A Better Method ) of +6.60%. This is because the Most Accurate Estimate stands at -99 cents, while the Zacks Consensus Estimate is pegged at -$1.06.
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 (Zacks Rank #4 and #5) should never be considered going into an earnings announcement.
The combination of Deckers' Zacks Rank #3 (Hold) and +6.60% ESP makes us very confident regarding a positive earnings beat on Jul 25.
What is Driving the Better-than-Expected Earnings?
Deckers is trying every means to reposition itself to keep afloat in a difficult consumer environment, by focusing on new product introductions, store augmentation and new store openings along with geographic expansion. The positive trend is seen in the trailing four-quarter average surprise of 41.6%.
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:
The Gap, Inc . ( GPS ) has an Earnings ESP of +1.70% and a Zacks Rank #2 (Buy).
Five Below, Inc . ( FIVE ) has an Earnings ESP of +11.11% and a Zacks Rank #2 (Buy).
Under Armour, Inc. ( UA ) has an Earnings ESP of +7.69% and a Zacks Rank #3 (Hold).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FIVE BELOW INC (FIVE): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
UNDER ARMOUR-A (UA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Our proven model shows that Deckers is likely to beat earnings because it has the right combination of two key components. The combination of Deckers' Zacks Rank #3 (Hold) and +6.60% ESP makes us very confident regarding a positive earnings beat on Jul 25. We expect Deckers Outdoor Corporation ( DECK ), the designer and marketer of niche footwear and accessories, to beat expectations when it reports second-quarter fiscal 2013 results on Jul 25, 2013.
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Positive Zacks ESP: Deckers currently has an Earnings ESP (Read: Zacks Earnings ESP: A Better Method ) of +6.60%. The combination of Deckers' Zacks Rank #3 (Hold) and +6.60% ESP makes us very confident regarding a positive earnings beat on Jul 25. DECKERS OUTDOOR (DECK): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report To read this article on Zacks.com click here.
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Positive Zacks ESP: Deckers currently has an Earnings ESP (Read: Zacks Earnings ESP: A Better Method ) of +6.60%. DECKERS OUTDOOR (DECK): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report To read this article on Zacks.com click here. We expect Deckers Outdoor Corporation ( DECK ), the designer and marketer of niche footwear and accessories, to beat expectations when it reports second-quarter fiscal 2013 results on Jul 25, 2013.
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The combination of Deckers' Zacks Rank #3 (Hold) and +6.60% ESP makes us very confident regarding a positive earnings beat on Jul 25. We expect Deckers Outdoor Corporation ( DECK ), the designer and marketer of niche footwear and accessories, to beat expectations when it reports second-quarter fiscal 2013 results on Jul 25, 2013. Our proven model shows that Deckers is likely to beat earnings because it has the right combination of two key components.
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15652a0b-d740-4297-9c8a-b3570023f8cd
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724746.0
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2013-07-22 00:00:00 UTC
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Will Tractor Supply (TSCO) Beat Earnings Estimates This Quarter? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-tractor-supply-tsco-beat-earnings-estimates-this-quarter-analyst-blog-2013-07-22
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nan
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nan
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Tractor Supply Company ( TSCO ) is set to report second-quarter 2013 results on Jul 24. Last quarter, its earnings surged over 12% on a year-over-year basis but was in line with the Zacks Consensus Estimate. Let us see how things are shaping up for this announcement.
Growth Factors in the Past Quarter
The company's impressive merchandise improvement strategy resulted in mid single-digit top-line growth in the last quarter. Robust performances in core consumable, usable and edible products − mainly for pet food and animal feed − acted as catalysts for increase in the company's same-store sales. Moreover, better cost containment measures related to store personnel and lower incentive compensation expenses boosted its operating margin. Further, as new construction activities are showing signs of improvement, we believe that Tractor Supply is well poised to capitalize on opportunities.
Furthermore, the company has been revamping itself by concentrating on square footage growth and the maximization of productivity from its existing store base. In addition, Tractor Supply implemented significant changes in its store operations to make them simpler and more customer-friendly. We expect such initiatives to induce more traffic to its stores and boost the top line.
Earnings Whispers?
Our proven model does not conclusively project Tractor Supply to beat earnings this quarter. A stock needs to have both positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method ) 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 Tractor Supply is 0.00% since the Most Accurate Estimate stands at $1.71, which is in line with the Zacks Consensus Estimate.
Zacks #2 Rank (Hold): Tractor Supply's Zacks Rank #2 increases the forecasting power of ESP. However, we also need to have a positive ESP to be confident of an earnings surprise call. We caution against stocks with Zacks Rank #4 and 5 (Sell rated stocks) going into earnings announcement, especially when the company is undergoing negative estimate revisions.
Other Stocks to Consider
Tractor Supply is not the only firm we are looking up to this earnings season. Our model shows that the following stocks have the right combination of elements to post an earnings beat this quarter:
The Gap, Inc . ( GPS ) has an Earnings ESP of +1.70% and a Zacks Rank #2 (Buy).
Five Below, Inc . ( FIVE ) has an Earnings ESP of +11.11% and a Zacks Rank #2 (Buy).
Deckers Outdoor Corp . ( DECK ) has an Earnings ESP of +6.60% and a Zacks Rank #3 (Hold).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FIVE BELOW INC (FIVE): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
TRACTOR SUPPLY (TSCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 +6.60% and a Zacks Rank #3 (Hold). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp . ( DECK ) has an Earnings ESP of +6.60% and a Zacks Rank #3 (Hold).
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp . ( DECK ) has an Earnings ESP of +6.60% and a Zacks Rank #3 (Hold).
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp . ( DECK ) has an Earnings ESP of +6.60% and a Zacks Rank #3 (Hold).
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50105e7c-3d17-48b3-8925-38765e2a72eb
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724747.0
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2013-07-11 00:00:00 UTC
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Wolverine Upgraded to Strong Buy - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/wolverine-upgraded-to-strong-buy-analyst-blog-2013-07-11
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nan
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nan
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On Jul 10, 2013, Zacks Investment Research upgraded Wolverine World Wide Inc . ( WWW ) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Wolverine came up with strong second-quarter 2013 results, owing to the robust performance of its newly acquired brands. The company's quarterly earnings of 46 cents a share zoomed past the company's previous guidance range of 31 cents - 35 cents and handily surpassed the Zacks Consensus Estimate of 34 cents. Moreover, the quarterly earnings jumped 12.2% year over year.
Top line surged 88% year over year to $587.8 million, while gross margin expanded 320 basis points to 41%, reflecting increased contribution from high margin consumer direct operations.
Based on its progress, the company raised its earnings per share projection for fiscal 2013 to $2.60 - $2.75 from $2.50 - $2.65. However, its sales guidance of $2.7 billion - $2.775 billion, up 6% to 8.9% year over year on a pro-forma basis was reiterated.
Gross margin is expected to improve moderately in 2013 due to the product mix shift toward high margin consumer direct business and lower markdowns.
We remain upbeat on Wolverine's fundamentals and believe that the strong performance of the company's brands is likely to boost its profitability in the upcoming quarters.
Other Stocks to Consider
Besides Wolverine, the other stock in the consumer discretionary sector worth considering includes Brown Shoe Co. Inc . ( BWS ), which carries a Zacks Rank #1 (Strong Buy). Big 5 Sporting Goods Corp. ( BGFV ) and Deckers Outdoor Corporation ( DECK ), both carrying a Zacks Rank #2 (Buy) are also worth considering.
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
BROWN SHOE CO (BWS): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): 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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Big 5 Sporting Goods Corp. ( BGFV ) and Deckers Outdoor Corporation ( DECK ), both carrying a Zacks Rank #2 (Buy) are also worth considering. BIG 5 SPORTING (BGFV): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Wolverine came up with strong second-quarter 2013 results, owing to the robust performance of its newly acquired brands.
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Big 5 Sporting Goods Corp. ( BGFV ) and Deckers Outdoor Corporation ( DECK ), both carrying a Zacks Rank #2 (Buy) are also worth considering. BIG 5 SPORTING (BGFV): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. On Jul 10, 2013, Zacks Investment Research upgraded Wolverine World Wide Inc .
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BIG 5 SPORTING (BGFV): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Big 5 Sporting Goods Corp. ( BGFV ) and Deckers Outdoor Corporation ( DECK ), both carrying a Zacks Rank #2 (Buy) are also worth considering. The company's quarterly earnings of 46 cents a share zoomed past the company's previous guidance range of 31 cents - 35 cents and handily surpassed the Zacks Consensus Estimate of 34 cents.
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Big 5 Sporting Goods Corp. ( BGFV ) and Deckers Outdoor Corporation ( DECK ), both carrying a Zacks Rank #2 (Buy) are also worth considering. BIG 5 SPORTING (BGFV): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. On Jul 10, 2013, Zacks Investment Research upgraded Wolverine World Wide Inc .
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e6661524-faa4-4bf2-a531-cd0aab297ce1
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724748.0
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2013-07-10 00:00:00 UTC
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Wolverine Posts Strong 2Q Earnings - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/wolverine-posts-strong-2q-earnings-analyst-blog-2013-07-10
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nan
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nan
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Wolverine World Wide Inc . ( WWW ) posted strong second-quarter 2013 results, owing to the robust performance of its newly acquired brands. Wolverine's quarterly earnings of 46 cents a share zoomed past the company's previous guidance range of 31 cents to 35 cents and handily surpassed the Zacks Consensus Estimate of 34 cents. Moreover, the quarterly earnings jumped 12.2% year over year.
Including one-time items, the company reported earnings of 36 cents a share compared with 42 cents in the year-ago quarter.
Benefiting largely from the acquisition of Collective Brands' Performance + Lifestyle Group (PLG) group, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), reported net sales of $587.8 million. Net sales surged 88% year over year but fell short of the Zacks Consensus Estimate of $591 million. However, on a pro-forma basis, revenue increased 5.5% during the quarter.
Wolverine acquired 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 including Stride Rite, Sperry Top-Sider, Saucony and Keds.
Coming to the operating groups, revenue at its Lifestyle group came in at $255.2 million, signifying a massive rise from $28.5 million in the year-ago quarter. Performance group's revenue jumped 33.8% to $199.7 million, while Heritage group's revenue declined 0.8% to $110.6 million. Revenue derived from the company's other brands decreased 4.7% to $22.3 million during the quarter.
On account of the top-line improvement, the company's gross profit more than doubled to $241.1 million, while gross margin expanded 320 basis points to 41%, reflecting increased contribution of high margin consumer direct operations.
Operating profit came in at $37 million, rising 62.3% year over year. However, operating margin contracted 100 basis points to 6.3%.
Other Financial Aspects
Wolverine ended the quarter with cash and cash equivalents of $171 million and reduced its net debt by $159 million. Net debt now stands at $1,014 million, while shareholder equity was $704.6 million.
Guidance Remains Strong
This Zacks Rank #2 (Buy) company raised its earnings guidance. Earnings per share are now expected to be in the range of $2.60 - $2.75, up from its earlier guidance range of $2.50 - $2.65, and reflecting year-over-year growth of 13.5% to 20.1%.
Revenue is expected in the range of $2.7 - $2.775 billion, up 6% to 8.9% year over year on a pro-forma basis.
Wolverine expects gross margin to improve moderately in 2013 due to the product mix shift toward high margin consumer direct business and lower markdowns. However, operating margin is projected to remain marginally low when compared with the prior year. Capital expenditure is projected to be in the range of $40 million - $50 million.
Other Stocks to Consider
Besides Wolverine, other stocks in the consumer discretionary sector worth considering include Brown Shoe Co. Inc . ( BWS ) and Big 5 Sporting Goods Corp. ( BGFV ), both carrying a Zacks Rank #1 (Strong Buy).
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
BROWN SHOE CO (BWS): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): 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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Benefiting largely from the acquisition of Collective Brands' Performance + Lifestyle Group (PLG) group, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), reported net sales of $587.8 million. BIG 5 SPORTING (BGFV): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. ( WWW ) posted strong second-quarter 2013 results, owing to the robust performance of its newly acquired brands.
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Benefiting largely from the acquisition of Collective Brands' Performance + Lifestyle Group (PLG) group, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), reported net sales of $587.8 million. BIG 5 SPORTING (BGFV): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. On account of the top-line improvement, the company's gross profit more than doubled to $241.1 million, while gross margin expanded 320 basis points to 41%, reflecting increased contribution of high margin consumer direct operations.
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BIG 5 SPORTING (BGFV): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): 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 Collective Brands' Performance + Lifestyle Group (PLG) group, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), reported net sales of $587.8 million. Wolverine's quarterly earnings of 46 cents a share zoomed past the company's previous guidance range of 31 cents to 35 cents and handily surpassed the Zacks Consensus Estimate of 34 cents.
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Benefiting largely from the acquisition of Collective Brands' Performance + Lifestyle Group (PLG) group, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), reported net sales of $587.8 million. BIG 5 SPORTING (BGFV): Free Stock Analysis Report BROWN SHOE CO (BWS): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Wolverine acquired PLG unit for $1.25 billion.
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a397c496-09b0-4f4d-9661-e0b418bd46ea
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724749.0
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2013-07-08 00:00:00 UTC
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Will Family Dollar's Earnings Beat Estimate? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-family-dollars-earnings-beat-estimate-analyst-blog-2013-07-08
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nan
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nan
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Family Dollar Stores Inc. ( FDO ), an S&P 500 company, is slated to report its third-quarter fiscal 2013 results on Jul 10. In the last quarter, it posted a negative surprise of 0.8%. Let's see how things are shaping up for this announcement.
Growth Factors this Past Quarter
The unexpected delay in tax refunds of 2012 adversely impacted sales at the end of January and at the beginning of February, resulting in lower-than-expected second-quarter fiscal 2013 results. The increase in sales of lower margin merchandises facilitated the contraction in gross margin. Further, management hinted that discretionary sales would remain under pressure.
Earnings Whispers?
Our proven model does not conclusively show that Family Dollar is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method ) 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: ESP for Family Dollar is -2.91%. This is because the Most Accurate Estimate stands at $1.00, while the Zacks Consensus Estimate is pegged at $1.03.
Zacks Rank #4 (Sell): Family Dollar's Zacks Rank #4 (Sell) lowers the predictive power of ESP because the Zacks Rank #4 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.
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:
ManpowerGroup Inc. ( MAN ), Earnings ESP of +3.33% and a Zacks Rank #1 (Strong Buy).
Deckers Outdoor Corp. ( DECK ), Earnings ESP of +13.21% and a Zacks Rank #2 (Buy).
Rent-A-Center, Inc. ( RCII ), Earnings ESP of +1.33% and a Zacks Rank #3 (Hold).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FAMILY DOLLAR (FDO): Free Stock Analysis Report
MANPOWER INC WI (MAN): Free Stock Analysis Report
RENT-A-CENTER (RCII): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 ), Earnings ESP of +13.21% and a Zacks Rank #2 (Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Family Dollar Stores Inc. ( FDO ), an S&P 500 company, is slated to report its third-quarter fiscal 2013 results on Jul 10.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ), Earnings ESP of +13.21% and a Zacks Rank #2 (Buy). This is because a stock needs to have both a positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method ) and a Zacks Rank #1, #2 or #3 for this to happen.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. ( DECK ), Earnings ESP of +13.21% and a Zacks Rank #2 (Buy). This is because a stock needs to have both a positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method ) and a Zacks Rank #1, #2 or #3 for this to happen.
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Deckers Outdoor Corp. ( DECK ), Earnings ESP of +13.21% and a Zacks Rank #2 (Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report RENT-A-CENTER (RCII): 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 (Read: Zacks Earnings ESP: A Better Method ) and a Zacks Rank #1, #2 or #3 for this to happen.
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975df31a-b424-481a-8997-b6abf02fcf19
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724750.0
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2013-07-08 00:00:00 UTC
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Will Wolverine's 2Q Earnings Beat? - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/will-wolverines-2q-earnings-beat-analyst-blog-2013-07-08
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Wolverine World Wide Inc . ( WWW ) is slated to report its second-quarter fiscal 2013 results on Jul 9, 2013. In the last quarter, it posted a positive surprise of 50%. Let's see how things are shaping up for this announcement.
Growth Factors this Past Quarter
Benefiting largely from the acquisition of PLG group, Wolverine posted strong first-quarter 2013 results. On account of the growth in the top line, the company's gross profit nearly doubled, while adjusted operating profit rose 78.6% year over year.
Earnings Whispers?
Our proven model does not conclusively show that Wolverine is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method ) 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: ESP for Wolverine is 0.00%. This is because the Most Accurate Estimate stands at 34 cents, in line with the Zacks Consensus Estimate.
Zacks Rank #2 (Buy): Wolverine's Zacks Rank #2 (Buy) lowers the predictive power of ESP because the Zacks Rank #2 when combined with a 0.00% 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.
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:
ManpowerGroup Inc . ( MAN ), Earnings ESP of +3.33% and a Zacks Rank #1 (Strong Buy).
Deckers Outdoor Corp . ( DECK ), Earnings ESP of +13.21% and a Zacks Rank #2 (Buy).
Rent-A-Center, Inc . ( RCII ), Earnings ESP of +1.33% and a Zacks Rank #3 (Hold).
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
MANPOWER INC WI (MAN): Free Stock Analysis Report
RENT-A-CENTER (RCII): 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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Deckers Outdoor Corp . ( DECK ), Earnings ESP of +13.21% and a Zacks Rank #2 (Buy). DECKERS OUTDOOR (DECK): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp . ( DECK ), Earnings ESP of +13.21% and a Zacks Rank #2 (Buy).
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp . ( DECK ), Earnings ESP of +13.21% and a Zacks Rank #2 (Buy).
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp . ( DECK ), Earnings ESP of +13.21% and a Zacks Rank #2 (Buy).
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724751.0
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2013-07-08 00:00:00 UTC
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Nike Stays Neutral - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/nike-stays-neutral-analyst-blog-2013-07-08
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Global leader in sports equipment and apparel, Nike Inc. ( NKE ) remains on our Neutral list with a target price of $66.00. Our long-term recommendation is well supported by the Zacks Rank #3 (Hold).
Why Reiterate?
Nike's strong portfolio of globally recognized brands - such as Nike, Converse, Chuck Taylor, Hurley, All Star, One Star, Star Chevron, and Jack Purcell - and its focus on innovation have helped in strengthening its leadership position. Nike is striving to find opportunities to expand its global footprint and augment its market share through acquiring new brands, developing its direct-to-customer business and divesting underperforming brands. Taken together, these strategies position the company strongly among competitors such as Adidas AG and Brown Shoe Co. Inc. ( BWS ).
Moreover, this footwear and athletic apparel retailer has outperformed the Zacks Consensus Estimate in the trailing 4 quarters, recording an average beat of 9.5%. In the most recent quarter, it posted an earnings surprise of 2.7% and a 27.0% increase in earnings per share, aided by healthy top-line growth, improved margins and lower share count. Net sales surged 7.0% year over year, driven by the great demand for NIKE brand.
Apart from strong fourth-quarter results, Nike's growth prospects appear promising. We believe the company's prudent investment as well as strategic initiatives toward product innovation and brand building will increase its customer base and profitability. Going forward, we expect the company's top-line growth to remain strong, given an increase in future orders.
On the flip side, rising commodity prices pose a challenge and may undermine the company's future performance. In addition, we expect sluggish discretionary spending and intense competition amid rapidly changing customer preferences to dent Nike's future prospects. Consequently, we prefer to keep to the sidelines at present.
Other Stocks Worth Considering
Other stocks that are worth a look in the sports retail industry include Carter's Inc. ( CRI ) and Deckers Outdoor Corp. ( DECK ). Both the companies carry a Zacks Rank #2 (Buy).
BROWN SHOE CO (BWS): Free Stock Analysis Report
CARTERS INC (CRI): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks Worth Considering Other stocks that are worth a look in the sports retail industry include Carter's Inc. ( CRI ) and Deckers Outdoor Corp. ( DECK ). BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, this footwear and athletic apparel retailer has outperformed the Zacks Consensus Estimate in the trailing 4 quarters, recording an average beat of 9.5%.
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Other Stocks Worth Considering Other stocks that are worth a look in the sports retail industry include Carter's Inc. ( CRI ) and Deckers Outdoor Corp. ( DECK ). BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Going forward, we expect the company's top-line growth to remain strong, given an increase in future orders.
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BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks Worth Considering Other stocks that are worth a look in the sports retail industry include Carter's Inc. ( CRI ) and Deckers Outdoor Corp. ( DECK ). Nike's strong portfolio of globally recognized brands - such as Nike, Converse, Chuck Taylor, Hurley, All Star, One Star, Star Chevron, and Jack Purcell - and its focus on innovation have helped in strengthening its leadership position.
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Other Stocks Worth Considering Other stocks that are worth a look in the sports retail industry include Carter's Inc. ( CRI ) and Deckers Outdoor Corp. ( DECK ). BROWN SHOE CO (BWS): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Global leader in sports equipment and apparel, Nike Inc. ( NKE ) remains on our Neutral list with a target price of $66.00.
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9da29424-6618-421f-8eeb-9d82e19f5e57
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724752.0
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2013-06-28 00:00:00 UTC
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Nike's Earnings Beat Estimate - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/nikes-earnings-beat-estimate-analyst-blog-2013-06-28
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nan
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Nike Inc. ( NKE ) - a global leader in sports equipment and apparel - came up with robust fourth-quarter and fiscal 2013 results, driven primarily by strong demand for NIKE branded products. The company's fourth-quarter earnings of 76 cents per share climbed 27% year over year and beat the Zacks Consensus Estimate of 74 cents. The year-over-year rise in the bottom line was primarily due to increased revenues, improved margins, reduced tax rate and a lower share count.
Quarter in Detail
Nike's total revenue grew 7% year over year to $6,697 million and came ahead of the Zacks Consensus Estimate of $6,636 million. In adjusting for the currency effect, the company's revenues increased 9%. The year-over-year rise in revenues was primarily driven by robust performances across all geographical regions, except for Greater China and Western Europe. Moreover, the company registered growth in all key categories, excluding Sportswear, Action Sports and Football.
On a currency neutral basis, revenues for NIKE brands climbed 8%, while other businesses delivered 10% growth. Increase in Nike's other businesses revenues were primarily led by strong performances at Converse, NIKE Golf and Hurley.
Nike's quarterly gross profit grew 10% from the year-ago quarter to $2,940 million, and gross margin expanded 110 basis points (bps) to 43.9%. The margin expansion mainly resulted from better pricing actions and lower material costs, partially offset by increased labor expenses, higher discounts in Greater China and adverse foreign exchange rates.
Selling and administrative expenses increased 7% to $2,022 million, primarily due to a rise of 19% in operating overhead costs, partially offset by a decline of 13% for demand creation expense. Overhead expenses rose due to increased investments in the wholesale business and higher Direct to Consumer costs due to new store openings and mounting expenses at existing stores.
Operating income for the quarter increased 18.8% year over year to $918 million, while operating margin expanded 130 bps to 13.7%. The year-over-year expansion in margins was primarily due to higher gross margin.
Fiscal 2013, in brief
In fiscal 2013, Nike's revenues shot up 8% to $25,313 million, primarily driven by robust performances across all geographical regions except Greater China. Moreover, the company's revenues for the fiscal surpassed the Zacks Consensus Estimate of $25,280 million. Further, Nike's earnings for the fiscal surged 11% to $2.69 per share from $2.42 in the comparable prior-year period and outpaced the Zacks Consensus Estimate of $2.67.
Balance Sheet
Global inventories increased 7% at the end of fiscal 2013 to $3,434 million, compared with $3,222 million at the end of fiscal 2012. The increase was primarily led by an 8% rise in NIKE Brand inventories -including a 6% rise in wholesale unit inventories and 2% due to change in foreign exchange rates and product costs.
Nike, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . ( SKX ), ended the fiscal with cash and short term investments of $5,965 million, up approximately 59% from $3,757 million as of May 31, 2012. Increase in cash and cash equivalents was a result of proceeds from issuance of debt in the fourth quarter, sale of Umbro and Cole Haan business, and a higher net income. Moreover, the company has a long-term debt of $1,210 million and shareholders' equity of $11,156 million at the end of fiscal 2013.
Share Repurchase
During the quarter, this Zacks Rank #3 (Hold) company repurchased 4.2 million shares for about $242 million under its $8.0 billion share repurchase program approved in Sep 2012. Since the beginning of this new share repurchase program, Nike has repurchased 15.3 million shares at a cost of nearly $789 million. During fiscal 2013, Nike bought back 33.5 million shares for nearly $1.7 billion.
Future Orders
Global future orders for footwear and apparel scheduled for delivery from June through November this year were up 8% to $12.1 billion. The year-over-year increase in future orders was led by 12% increase in both North America and emerging markets, 14% in Central & Eastern Europe, 2% in Western Europe and 3% in Greater China. Future orders in Japan declined 17%.
Major Events in Fiscal 2013
In an effort to cut costs and focus more on its NIKE, Jordan, Converse and Hurley brands, Nike divested 2 of its brands - Cole Haan and Umbro - during fiscal 2013.
The Umbro brand sold to Iconix Brand Group Inc. ( ICON ) at the end of 2012 garnered $225 million, while the sale of the Cole Haan affiliate brand to Apax Partners generated $570 million.
Nike is the pioneer in the U.S. footwear and athletic apparel industry. In an attempt to broaden its global reach and market share, Nike is aggressively expanding its operations in the emerging markets while focusing on direct-to-consumer business and other brands, which augur well for its future operating performance. Year-to-date, Nike is strongly positioned, with innovative products and services that had helped boost its top and bottom lines. Moreover, the company's near-to-debt free balance sheet offers financial flexibility to drive future growth.
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (ICON): 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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Nike, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): 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 year-over-year rise in the bottom line was primarily due to increased revenues, improved margins, reduced tax rate and a lower share count.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): 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. Nike, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . Nike Inc. ( NKE ) - a global leader in sports equipment and apparel - came up with robust fourth-quarter and fiscal 2013 results, driven primarily by strong demand for NIKE branded products.
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Nike, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): 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. Quarter in Detail Nike's total revenue grew 7% year over year to $6,697 million and came ahead of the Zacks Consensus Estimate of $6,636 million.
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Nike, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): 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. Nike Inc. ( NKE ) - a global leader in sports equipment and apparel - came up with robust fourth-quarter and fiscal 2013 results, driven primarily by strong demand for NIKE branded products.
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0a4c7b36-e99e-42c6-b2b6-d3ec9d0ce7ae
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2013-06-19 00:00:00 UTC
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Stock Upgrades: Adobe Systems Incorporated Is No 'Flash' in the Pan
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DECK
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https://www.nasdaq.com/articles/stock-upgrades-adobe-systems-incorporated-no-flash-pan-2013-06-19
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Early buzz about The Wolf of Wall Street centers on the enjoyment its characters derive from dwarf tossing . Yet with the small cap Russell 2000 Index (^RUT) having just hit the highest level in its entire history, investors would be well advised to think twice before similarly throwing away anything tiny. (And one only hopes the movie doesn't depict a wolf in sheepskin clothing, what with Ugg maker Deckers Outdoor ( DECK ) falling 1.82% even as the Dow (^DJI) again rose by triple-digits.)
The Fed official who removed his foot from his mouth long enough to claim iPads ( AAPL ) are keeping inflation low may have had a point. For food costs came in at their tamest level in years. Let them eat cake, then, or at least Cheesecake Factory ( CAKE ), which rose 0.98% to a new best.
Elsewhere US Concrete ( USCR ) tumbled 3.01% amid all the ebullience, as it dawned on investors that - contrary to legend - Jimmy may not in fact be buried in its principal product at Giants Stadium after all.
This afternoon the Federal Open Market Committee concludes its two-day monetary policy meeting, to be followed by Ben Bernanke's press conference. In earnings action, expect announcements out of Hennes & Mauritz ( HNNMY ), Jabil Circuit (JBL), Micron Technology (MU), and Red Hat (RHT).
Adobe Systems Incorporated (ADBE): The maker of Acrobat, Flash, and Photoshop - jumping 5.17% before the bell on Q2 earnings that beat Street estimates - is lifted to Buy from Neutral at Bank of America-Merrill Lynch.
Ball Corporation (BLL): Shares are raised to Outperform from Neutral by Robert W. Baird, which also takes its target up by $2 to $50. The broker believes that company fundamentals have firmed, particularly in Europe.
CEMEX SAB de CV (ADR) (CX): Barclays boosts the Mexican cement company to Overweight from Equal Weight.
National Grid plc (ADR) (NGG): NGG gets moved to Buy from Neutral at Bank of America-Merrill.
Reinsurance Group of America Inc (RGA): Shares are raised to Outperform from Market Perform at Keefe Bruyette.
Rio Tinto plc (RIO): The miner is added to Citigroup's Favored Stock List.
Sonic Corporation (SONC): Morgan Stanley moves the drive-in restaurant stock to Equal-Weight from Underweight.
Tanger Factory Outlet Centers Inc. (SKT): Shares are now Neutral from Sell at Goldman Sachs.
Toll Brothers Inc (TOL): Argus hoists the luxury homebuilder to Buy from Hold with a $42 target amid optimism over its backlog growth.
United Natural Foods, Inc. (UNFI): Piper Jaffray juices its investment opinion to Overweight from Neutral.
(See also: New Stock Coverage: The Coca-Cola Company Poised for Nice Pop and Stock Downgrades: American Eagle Outfitters Gets Its Wings Clipped .)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 one only hopes the movie doesn't depict a wolf in sheepskin clothing, what with Ugg maker Deckers Outdoor ( DECK ) falling 1.82% even as the Dow (^DJI) again rose by triple-digits.) In earnings action, expect announcements out of Hennes & Mauritz ( HNNMY ), Jabil Circuit (JBL), Micron Technology (MU), and Red Hat (RHT). Adobe Systems Incorporated (ADBE): The maker of Acrobat, Flash, and Photoshop - jumping 5.17% before the bell on Q2 earnings that beat Street estimates - is lifted to Buy from Neutral at Bank of America-Merrill Lynch.
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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 one only hopes the movie doesn't depict a wolf in sheepskin clothing, what with Ugg maker Deckers Outdoor ( DECK ) falling 1.82% even as the Dow (^DJI) again rose by triple-digits.) National Grid plc (ADR) (NGG): NGG gets moved to Buy from Neutral at Bank of America-Merrill.
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(And one only hopes the movie doesn't depict a wolf in sheepskin clothing, what with Ugg maker Deckers Outdoor ( DECK ) falling 1.82% even as the Dow (^DJI) again rose by triple-digits.) Adobe Systems Incorporated (ADBE): The maker of Acrobat, Flash, and Photoshop - jumping 5.17% before the bell on Q2 earnings that beat Street estimates - is lifted to Buy from Neutral at Bank of America-Merrill Lynch. National Grid plc (ADR) (NGG): NGG gets moved to Buy from Neutral at Bank of America-Merrill.
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(And one only hopes the movie doesn't depict a wolf in sheepskin clothing, what with Ugg maker Deckers Outdoor ( DECK ) falling 1.82% even as the Dow (^DJI) again rose by triple-digits.) Early buzz about The Wolf of Wall Street centers on the enjoyment its characters derive from dwarf tossing . Yet with the small cap Russell 2000 Index (^RUT) having just hit the highest level in its entire history, investors would be well advised to think twice before similarly throwing away anything tiny.
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724754.0
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2013-06-14 00:00:00 UTC
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Chop Continues, S&P 500 Loses 1% for the Week
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DECK
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https://www.nasdaq.com/articles/chop-continues-sp-500-loses-1-week-2013-06-14
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"The day ended a lot like the rest of the week played out, with a lot of volatility," observed Schaeffer's Senior Technical Strategist Ryan Detrick, CMT. "The Dow Jones Industrial Average (DJI) entered negative territory about an hour into the session, and it never looked back, ultimately closing near its lows of the day. Other than a big bounce on Thursday, this week was pretty ugly."
Continue reading for more on today's market, including :
Schaeffer's Senior Trading Analyst Bryan Sapp defines the " bookends for price action " traders should monitor ahead of next week's Fed announcement.
Our Option Idea of the Week: Why Deckers Outdoor ( DECK ) looks ready to step higher , and how to trade the opportunity.
And, in case you missed it, Schaeffer's contributor Adam Warner shares some tips on optimizing your trading for the current market volatility.
plus...
Producer prices increase, the IMF tweaks its outlook for the U.S., and Nokia ( NOK ) bulls emerge.
The Dow Jones Industrial Average (DJI) gave back more than half of yesterday's gains, dropping 105.9 points, or 0.7%, to close the week at 15,070.18. Just four of the index's 30 components gained ground today, as Verizon Communications ( VZ ) paced the advancers with a 0.9% uptick. Johnson & Johnson ( JNJ ) was unchanged on the day, and American Express ( AXP ) brought up the rear, down nearly 3%. Although the Dow did finish the week in the red by 1.2%, it was roughly 117 points above its intra-week low (and north of the 15,000 mark).
The S&P 500 Index (SPX) also suffered a setback, shedding 9.6 points, or 0.6%, to close at 1,626.73, which was back below its 10-day moving average. The tech-rich Nasdaq Composite (COMP) lost 21.8 points, or 0.6%, to 3,423.56. For the week, the SPX surrendered 1% while the COMP dropped 1.3%, the worst of the three major indexes.
The CBOE Market Volatility Index (VIX) popped higher today, up 4.5%, or 0.7 point, to close back above the 17 level, at 17.15. This week was a big one for the VIX, which surged by 13.3% and managed a weekly close atop its 80-week moving average for the first time in 2013.
A Trader's Take :
"When you consider Thursday's bounce was attributed to an article in The Wall Street Journal that said the Fed wasn't going to taper as soon as some think, it doesn't do much to add a lot of confidence," noted Detrick. "Still, next week we'll have a Fed decision on interest rates. We always hear how 'this is the most important Fed meeting in years,' but this one really just might be. Everyone and his mother knows the Fed might begin to taper their monthly bond purchases, but the big question is -- when? Hopefully Wednesday's announcement helps clear up that mystery."
3 Things to Know About Today's Market :
The producer price index (PPI) increased more than expected , rising 0.5% in May, the first gain in three months. Core prices -- which exclude more volatile food and energy costs -- edged just 0.1% higher. Elsewhere, the preliminary reading for this month's Thomson Reuters/University of Michigan consumer sentiment index dropped to 82.7 from 84.5 at the end of May. The reading fell short of economists' estimates, even though it was the second highest in the last eight months. (Bloomberg, Reuters)
The International Monetary Fund, or IMF, projected that U.S. economic growth will slow to 1.9% this year, from 2.2% in 2012. Cutting into this growth are the government's efforts to lower the federal deficit. (USA Today)
JPMorgan Chase (JPM) is separating itself from its only remaining private equity group, One Equity Partners. One Equity will be spun off as a separate company and assume the responsibility of raising its own funding. (The New York Times)
5 Stocks We Were Watching Today :
Nokia Corporation ( NOK ) was the target of long-term call buyers, as the stock bounced higher on various news.
Bearish Ford Motor (F) put buyers expect a move to multi-month lows over the intermediate term.
Optimistic call traders wagered on a strong summer for T-Mobile US (TMUS) .
Eleventh-hour bulls looked to pocket a quick gain in General Electric (GE) shares.
Groupon Inc (GRPN) rallied sharply higher, following an upgrade from Deutsche Bank.
For a look at today's options movers and commodities activity, head to page 2.
Commodities :
Oil futures gained ground today as tensions mounted in Syria. At the close, black gold was up $1.16, or 1.2%, to $97.85 per barrel. Since last Friday's close, oil has gained roughly 1.9%.
Gold futures were also able to end the week on a positive note, thanks to the higher-than-expected PPI increase. August-dated gold added $9.80, or 0.7%, to settle the week at $1,387.60 an ounce. This is a slight gain of $4.60, or 0.3%, from one week ago.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication 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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Our Option Idea of the Week: Why Deckers Outdoor ( DECK ) looks ready to step higher , and how to trade the opportunity. "The Dow Jones Industrial Average (DJI) entered negative territory about an hour into the session, and it never looked back, ultimately closing near its lows of the day. Continue reading for more on today's market, including : Schaeffer's Senior Trading Analyst Bryan Sapp defines the " bookends for price action " traders should monitor ahead of next week's Fed announcement.
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Our Option Idea of the Week: Why Deckers Outdoor ( DECK ) looks ready to step higher , and how to trade the opportunity. The CBOE Market Volatility Index (VIX) popped higher today, up 4.5%, or 0.7 point, to close back above the 17 level, at 17.15. 3 Things to Know About Today's Market : The producer price index (PPI) increased more than expected , rising 0.5% in May, the first gain in three months.
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Our Option Idea of the Week: Why Deckers Outdoor ( DECK ) looks ready to step higher , and how to trade the opportunity. Continue reading for more on today's market, including : Schaeffer's Senior Trading Analyst Bryan Sapp defines the " bookends for price action " traders should monitor ahead of next week's Fed announcement. The Dow Jones Industrial Average (DJI) gave back more than half of yesterday's gains, dropping 105.9 points, or 0.7%, to close the week at 15,070.18.
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Our Option Idea of the Week: Why Deckers Outdoor ( DECK ) looks ready to step higher , and how to trade the opportunity. The CBOE Market Volatility Index (VIX) popped higher today, up 4.5%, or 0.7 point, to close back above the 17 level, at 17.15. 3 Things to Know About Today's Market : The producer price index (PPI) increased more than expected , rising 0.5% in May, the first gain in three months.
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9a5e16d0-6e37-44fe-9466-443ca8498e1f
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724755.0
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2013-06-05 00:00:00 UTC
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Skechers Attains New High - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-attains-new-high-analyst-blog-2013-06-05
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nan
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nan
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Shares of Skechers USA, Inc. ( SKX ) recorded a new 52-week high of $23.14 yesterday, before closing at $22.81, and rising approximately 25% year to date. Based on the current price, Skechers is 9.5% below the Zacks Consensus average analyst price target of $25.20.
Moreover, it currently trades at a forward P/E of 24.1x, a 32.4% premium to the peer group average of 18.25x.
Skechers posted first-quarter 2013 earnings of 13 cents a share, marking a significant improvement from the loss of 7 cents delivered in the prior-year quarter on the back of growth witnessed across domestic wholesale, international, company-operated retail businesses and e-Commerce operations.
Moreover, this Zacks Rank #3 (Hold) stock, which competes with Deckers Outdoor Corporation ( DECK ), registered a 28.6% rise in total sales to $451.6.
With more emphasis on the new line of products, cost containment efforts, inventory management and global distribution platform, the company anticipates sustaining its growth momentum in 2013.
Skechers hinted at significant growth in the third quarter in comparison to the second quarter due to early Easter on Mar 31 this year, and back-to-school deliveries going into the third quarter of 2013.
Management remains committed to opening additional Skechers stores and increasing distribution channels with the development of international distribution agreements to boost its sales and profitability. Moreover, international business remains a significant growth driver for the company's sales. Skechers, through its distribution networks, subsidiaries and joint ventures, is poised to enhance its global reach in the footwear market.
Other Stocks to Consider
There are certain other stocks in the consumer discretionary sector that warrant a look. These include Iconix Brand Group, Inc. ( ICON ) and Big 5 Sporting Goods Corp . ( BGFV ), both carrying a Zacks Rank #1 (Strong Buy).
BIG 5 SPORTING (BGFV): 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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Moreover, this Zacks Rank #3 (Hold) stock, which competes with Deckers Outdoor Corporation ( DECK ), registered a 28.6% rise in total sales to $451.6. BIG 5 SPORTING (BGFV): 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 Skechers USA, Inc. ( SKX ) recorded a new 52-week high of $23.14 yesterday, before closing at $22.81, and rising approximately 25% year to date.
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BIG 5 SPORTING (BGFV): 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. Moreover, this Zacks Rank #3 (Hold) stock, which competes with Deckers Outdoor Corporation ( DECK ), registered a 28.6% rise in total sales to $451.6. Moreover, international business remains a significant growth driver for the company's sales.
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BIG 5 SPORTING (BGFV): 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. Moreover, this Zacks Rank #3 (Hold) stock, which competes with Deckers Outdoor Corporation ( DECK ), registered a 28.6% rise in total sales to $451.6. Skechers posted first-quarter 2013 earnings of 13 cents a share, marking a significant improvement from the loss of 7 cents delivered in the prior-year quarter on the back of growth witnessed across domestic wholesale, international, company-operated retail businesses and e-Commerce operations.
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Moreover, this Zacks Rank #3 (Hold) stock, which competes with Deckers Outdoor Corporation ( DECK ), registered a 28.6% rise in total sales to $451.6. BIG 5 SPORTING (BGFV): 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. Moreover, international business remains a significant growth driver for the company's sales.
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ea3732a7-bd21-44a0-9920-0a9253096f7d
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724756.0
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2013-05-23 00:00:00 UTC
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PRIMECAP Management Sells 11 - Wal-Mart, Kohl's, Progressive
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DECK
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https://www.nasdaq.com/articles/primecap-management-sells-11-wal-mart-kohls-progressive-2013-05-23
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nan
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nan
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Third from the top, right below Warren Buffett and Dodge & Cox , the mutual fund firm PRIMECAP Management has a total value of $67.8 billion. The firm manages Vanguard's PRIMECAP Fund, Vanguard Capital Opportunity Fund, and Vanguard PRIMECAP Core Fund, as well as three PRIMECAP Odyssey Funds.
As of March 31, 2013, PRIMECAP Management company sold out these 11 holdings.
Sold Out: O'Reilly Automotive Inc. ( ORLY ) - Specialty Retail
PRIMECAP Management sold out its position with ORLY, unloading around 2.8 million shares at an average price of $22.1 for a loss of 66.3%. This stock never delivered a gain in seven quarters held by PRIMECAP
His worst quarter showed a loss of 81.3% in the third quarter of 2011.
This trade impacts his portfolio by -2.8%.
The current share price is $7.45 compared to past valuations:
Sold Out: Kaiser Aluminum Corporation ( KALU ) - Aluminum
As of March 31, 2013, PRIMECAP Management also sold out its position with KALU, unloading 10,000 shares at an average price of $62.90 for a gain of 2.5%. This stock delivered gains in all five quarters held by PRIMECAP, topping out at 42.3% in the fourth quarter of 2011.
The current share price is $64.49 compared to past valuations:
Sold Out: Kohl's Corp. ( KSS ) - Department Stores
PRIMECAP Management sold out its position with KSS, unloading 57,500 shares at an average price of $45.48 for a gain of 14.4%. PRIMECAP held this stock for 20 quarters, with gains in 14 of them.
This trade impacts his portfolio by -0.004%.
The current share price is $52.03 compared to past valuations:
Sold Out: Deckers Outdoor Corporation ( DECK ) - Footwear and Accessories
As of March 31, 2013, PRIMECAP also sold out its position with DECK, selling 10,000 shares at an average price of $43.43 for a gain of 23.7%. PRIMECAP held this stock for four quarters, with mixed results. The highest gain was 50.3% in the fourth quarter of 2012.
The current share price is $53.71 compared to past valuations:
Sold Out: Citrix Systems Inc. ( CTXS ) - Software -Infrastructure
As of March 31, 2013, PRIMECAP Management also sold out its position with CTXS, selling 23,000 shares at an average price of $23.70 for a gain of 9.1%. PRIMECAP held this stock for 16 quarters, always green until the fourth quarter of 2010, showing a loss of 2.8%, and losing every quarter after that.
This trade impacts his portfolio by -0.0027%.
The current share price is $63.65 compared to past valuations:
Sold Out: Progressive Corporation ( PGR ) - Insurance - Property and Casualty
PRIMECAP Management sold out its position with PGR, selling 25,000 shares at an average price of $71.41 for a loss of 10.97%. PRIMECAP held this stock for 19 quarters, always in the green. The highest gaining quarter was the first quarter of 2009 for 103.1%.
The current share price is $25.85 compared to past valuations:
Sold Out: Strattec Security Corporation ( STRT ) - Auto Parts
PRIMECAP Management also sold out its position with STRT, selling 19,258 shares at an average price of $28.79 for a gain of 29.7%. PRIMECAP held this stock for 20 quarters, 19 of which made gains. The highest gaining quarter was the first quarter of 2009 for 241.8%.
The current share price is $37.33 compared to past valuations:
Sold Out: USA Truck ( USAK ) - Trucking
As of March 31, 2013, PRIMECAP Management sold out its position with USAK, selling 16,800 shares at an average price of $4.49 for a gain of 42.5%. PRIMECAP held this stock for 10 quarters, making a gain only in the last four. The highest quarter was the fourth quarter of 2012 for a 100.6% gain.
The current share price is $6.40 compared to past valuations:
Sold Out: Wal-Mart Stores Inc. ( WMT ) - Discount Stores
As of March 31, 2013, PRIMECAP Management sold out its position with WMT, selling 400,000 shares at an average price of $71.03 for a gain of 7.5%.
This trade impacts his portfolio by -0.044%.
The current share price is $76.33.
Sold Out: ConocoPhillips ( COP ) - Oil and Gas - Integrated
As of March 31, 2013, PRIMECAP Management sold out its position with COP, selling 250,000 shares at an average price of $58.88 for a gain of 6.6%. PRIMECAP held this stock for 19 quarters, making a gain in all but one in the second quarter of 2008, showing a loss of 6.7%. The highest quarter was the second quarter of 2009 for a 91.9% gain.
This trade impacts his portfolio by -0.023%.
The current share price is $62.79.
Sold Out: MSCI Inc. ( MSCI ) - Business Services
As of March 31, 2013, PRIMECAP Management sold out its position with MSCI, selling 116,500 shares at an average price of $33.21 for a gain of 3.9%. PRIMECAP held this stock for five quarters, with mixed results. The highest quarter was the fourth quarter of 2012 for a 23% gain.
This trade impacts his portfolio by -0.0058%.
The current share price is $34.49.
PRIMECAP Management Company was founded in September 1983 in Pasadena, Calif. In a recent portfolio update, PRIMECAP Management listed 247 stocks, five of them new, with a total value of $67.8 billion and a quarter-over-quarter turnover of 2%. PRIMECAP was founded by Chairman and Chief Investment Officer Howard B. Schow, Vice Chairman Mitchell Milias and President Theo Kolokotrones. The firm's goal is to provide superior long-term equity investment results by following an investment approach based on a commitment to fundamental research, a long-term investment horizon, emphasis on individual decision-making and a focus on value.
If you are not yet a Premium Member, we invite you for a7-day Free Trial.
Use the GuruFocus Value Screen to find52-Week Lowsand discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
GuruFocus'Score Board of Gurusshows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 current share price is $52.03 compared to past valuations: Sold Out: Deckers Outdoor Corporation ( DECK ) - Footwear and Accessories As of March 31, 2013, PRIMECAP also sold out its position with DECK, selling 10,000 shares at an average price of $43.43 for a gain of 23.7%. Third from the top, right below Warren Buffett and Dodge & Cox , the mutual fund firm PRIMECAP Management has a total value of $67.8 billion. GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks.
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The current share price is $52.03 compared to past valuations: Sold Out: Deckers Outdoor Corporation ( DECK ) - Footwear and Accessories As of March 31, 2013, PRIMECAP also sold out its position with DECK, selling 10,000 shares at an average price of $43.43 for a gain of 23.7%. The current share price is $7.45 compared to past valuations: Sold Out: Kaiser Aluminum Corporation ( KALU ) - Aluminum As of March 31, 2013, PRIMECAP Management also sold out its position with KALU, unloading 10,000 shares at an average price of $62.90 for a gain of 2.5%. The current share price is $37.33 compared to past valuations: Sold Out: USA Truck ( USAK ) - Trucking As of March 31, 2013, PRIMECAP Management sold out its position with USAK, selling 16,800 shares at an average price of $4.49 for a gain of 42.5%.
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The current share price is $52.03 compared to past valuations: Sold Out: Deckers Outdoor Corporation ( DECK ) - Footwear and Accessories As of March 31, 2013, PRIMECAP also sold out its position with DECK, selling 10,000 shares at an average price of $43.43 for a gain of 23.7%. The current share price is $53.71 compared to past valuations: Sold Out: Citrix Systems Inc. ( CTXS ) - Software -Infrastructure As of March 31, 2013, PRIMECAP Management also sold out its position with CTXS, selling 23,000 shares at an average price of $23.70 for a gain of 9.1%. The current share price is $37.33 compared to past valuations: Sold Out: USA Truck ( USAK ) - Trucking As of March 31, 2013, PRIMECAP Management sold out its position with USAK, selling 16,800 shares at an average price of $4.49 for a gain of 42.5%.
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The current share price is $52.03 compared to past valuations: Sold Out: Deckers Outdoor Corporation ( DECK ) - Footwear and Accessories As of March 31, 2013, PRIMECAP also sold out its position with DECK, selling 10,000 shares at an average price of $43.43 for a gain of 23.7%. PRIMECAP held this stock for 20 quarters, 19 of which made gains. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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958a07b6-529f-4ef7-b4a7-15af3d91c459
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724757.0
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2013-05-20 00:00:00 UTC
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Skechers Now in Neutral Lane - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-now-in-neutral-lane-analyst-blog-2013-05-20
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nan
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nan
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On May 17, we downgraded our recommendation on Skechers U.S.A., Inc. ( SKX ) to Neutral with a price target of $22.00. This designer, developer and distributor of footwear for men, women and children in the United States and overseas currently holds a Zacks Rank #4 (Sell).
Why the Downgrade?
The lower-than-expected first-quarter 2013 results compelled us to revise our recommendation. Skechers posted quarterly earnings of 13 cents a share that missed the Zacks' expectations of 18 cents. Management cited that foreign currency translation loss of $3 million and a credit of $2.5 million to an account that bought a major part of excess toning inventory way back in 2011 hurt the earnings by 8 cents a share.
However, the top line showcased strength. Total net sales surged 28.6% to $451.6 million, reflecting increased demand of products and healthy performance across all revenue channels. Moreover, total revenue outpaced the Zacks Consensus Estimate of $442 million.
With more emphasis on the new line of products, cost containment efforts, inventory management and global distribution platform, the company anticipates sustaining the growth momentum in 2013. The domestic wholesale business marked an elevation of 44%, international business soared 20.7%, retail business sales grew 16.9% and e-Commerce sales rose 24%.
However, Skechers hinted that due to early Easter on Mar 31 this year and back-to-school deliveries going into the third quarter of 2013, second-quarter performance would be soft. Management also projects international business to remain even in the second quarter due to early Easter and booking trends. We observed that the Zacks Consensus Estimate for 2013 dipped by 2 cents to 97 cents in the last 7 days.
Given the pros and cons embedded in the stock we prefer to be on the sidelines at this juncture.
Stocks that Warrant Look
There are certain other stocks in the consumer discretionary sector that warrant a look. These include Zacks Rank #1 (Strong Buy) Iconix Brand Group, Inc. ( ICON ) as well as Francesca's Holdings Corporation ( FRAN ) and Deckers Outdoor Corporation ( DECK ) with a Zacks Rank #2 (Buy). These stocks are expected to continue with their upbeat performances.
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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These include Zacks Rank #1 (Strong Buy) Iconix Brand Group, Inc. ( ICON ) as well as Francesca's Holdings Corporation ( FRAN ) and Deckers Outdoor Corporation ( DECK ) with 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. This designer, developer and distributor of footwear for men, women and children in the United States and overseas currently holds a Zacks Rank #4 (Sell).
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These include Zacks Rank #1 (Strong Buy) Iconix Brand Group, Inc. ( ICON ) as well as Francesca's Holdings Corporation ( FRAN ) and Deckers Outdoor Corporation ( DECK ) with 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. Skechers posted quarterly earnings of 13 cents a share that missed the Zacks' expectations of 18 cents.
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These include Zacks Rank #1 (Strong Buy) Iconix Brand Group, Inc. ( ICON ) as well as Francesca's Holdings Corporation ( FRAN ) and Deckers Outdoor Corporation ( DECK ) with 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. Skechers posted quarterly earnings of 13 cents a share that missed the Zacks' expectations of 18 cents.
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These include Zacks Rank #1 (Strong Buy) Iconix Brand Group, Inc. ( ICON ) as well as Francesca's Holdings Corporation ( FRAN ) and Deckers Outdoor Corporation ( DECK ) with 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. Skechers posted quarterly earnings of 13 cents a share that missed the Zacks' expectations of 18 cents.
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d95f1195-9bfb-49f4-93f8-7eda50dc2280
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724758.0
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2013-05-16 00:00:00 UTC
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Skechers Misses, Reverts to Earnings - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-misses-reverts-to-earnings-analyst-blog-2013-05-16
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nan
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nan
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Skechers USA, Inc. ( SKX ) posted first-quarter 2013 earnings of 13 cents a share compared with a loss of 7 cents delivered in the prior-year quarter on the back of growth witnessed across domestic wholesale, international, company-operated retail businesses and e-Commerce operations.
However, the bottom-line results missed the Zacks' expectations of 18 cents a share. Management stated that the quarterly earnings were hurt by 8 cents a share due to foreign currency translation loss of $3 million and a credit of $2.5 million to an account that bought a major part of excess toning inventory way back in 2011.
Let's Unveil the Picture
Skechers, which competes with Deckers Outdoor Corporation ( DECK ), stated that total net sales for the quarter surged 28.6% to $451.6 million from the prior-year quarter, reflecting increased demand of products and healthy performance across all revenue channels. Moreover, total revenue outpaced the Zacks Consensus Estimate of $442 million.
With more emphasis on the new line of products, cost containment efforts, inventory management and global distribution platform, the company anticipates sustaining the growth momentum in 2013. Skechers hinted at significant growth in the third quarter in comparison to the second quarter due to early Easter on Mar 31 this year, and back-to-school deliveries going into the third quarter of 2013.
The domestic wholesale business marked an elevation of 44%, reflecting a jump of 47.1% in pairs shipped coupled with strong performance across men's, women's and kids' divisions. The company's Performance Division portrayed an exceptional performance attributable to Skechers GOrun, Skechers GOwalk, Skechers GOrun Ride, and Skechers GOrun2. The company has also introduced Daddy's Money for Juniors and SKCH+3 product lines.
Skechers' international business soared 20.7% on the back of 29.9% growth in international distributor business and an 18.1% rise in international subsidiary and joint venture sales. The tough macroeconomic conditions weighed upon the company's performance in Spain and Italy. However, Italy is now witnessing a soft recovery. Pan-Asia region (including Japan), Russia, Scandinavia, the Baltics, Turkey, Greece, Philippines, South Korea, Australia/New Zealand, Middle East and Africa all portrayed growth momentum.
Management now expects its international business to remain even in the second quarter due to early Easter and booking trends, but hinted sustained growth from the third quarter.
On a combined basis, retail business sales grew 16.9%, whereas comparable-store sales advanced 12.2%. Domestic retail sales rose 16.2%, while comparable-store sales increased 11.3%. International retail sales jumped 21.6%, whereas comparable-store sales climbed 19.4%.
The company's licensing division has been another source of revenues, whereby the company licenses its name and images. The company generated $1.8 million in revenues during the quarter from its licensing affiliates, which include apparel, eyewear, backpacks, and socks.
Another highlight of the quarter was a 24% rise in sales from the company's e-Commerce division. Though the company uses it as a marketing tool, the division remains successful in driving incremental sales during the quarter.
The quarter exhibited a major improvement in gross profit, which soared 23.8% to $192.7 million, reflecting higher sales volume, enhanced inventory and contemporary products. However, gross margin shriveled 160 basis points to 42.7%. The contraction in gross margin was due to lower selling price, product mix and offloading of inventory at a discount.
Stores Update
Skechers had 353 retail stores under operation at the end of the first quarter. The company during the quarter opened 1 store each in Puerto Rico, Utah, Fla., and Glasgow. The company shuttered 5 outlets in the quarter. So far, in the second quarter of 2013, Skechers has opened one outlet in Puerto Rico, one in Phoenix, and its first store in Santa Barbara. A new location was inaugurated in Japan, bringing the total count to 4. The company plans to open 3 more stores and close 5 outlets during the second quarter. For the remaining part of the year, the company anticipates opening 28 to 32 outlets.
At the end of the quarter, the company operated 118 outlets under joint ventures in Asia, including stores operated by licensees, 260 distributor-owned or licensed Skechers retail stores globally, and 21 company-licensed locations in Canada, Spain, Portugal, Ireland, and the Netherlands.
During the quarter, Skechers' under its joint ventures and through its franchisees and distributors, opened 10 outlets, which included 2 each in South Korea, China, and Hong Kong, and 1 each in Saudi Arabia, the Philippines, Denmark, and Lebanon. The company now operates 75 stores in South Korea and 56 in China. So far in the second quarter, the company has opened 12 outlets with 20 more on the cards. In the first quarter, the company shuttered 5 outlets, 1 in Indonesia and 4 in Russia. In the second quarter, 1 location was closed in Singapore.
Strategic Initiatives
Management remains committed to focus on new lines of products, opening of additional Skechers stores and increasing distribution channels with the development of international distribution agreements to boost its sales and profitability. Moreover, international business remains a significant growth driver for the company's sales. Skechers, through its distribution networks, subsidiaries and joint ventures, is poised to enhance its global reach in the footwear market.
Other Financial Aspects
Skechers ended the quarter with cash and cash equivalents of $264.7 million, long-term debt of $125.5 million and shareholders' equity of $883.1 million, excluding non-controlling interest of $46.1 million. Capital expenditures for the quarter were approximately $7.8 million.
Zacks Rank for Skechers
Currently, Skechers carries a Zacks Rank #4 (Sell). However, there are certain other stocks in the consumer discretionary sector that warrant a look, such as Iconix Brand Group, Inc. ( ICON ), which carries Zacks Rank #1 (Strong Buy) and Francesca's Holdings Corporation ( FRAN ), which holds a Zacks Rank #2 (Buy). Both the stocks are expected to continue with their upbeat performances.
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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Let's Unveil the Picture Skechers, which competes with Deckers Outdoor Corporation ( DECK ), stated that total net sales for the quarter surged 28.6% to $451.6 million from the prior-year quarter, reflecting increased demand of products and healthy performance across all revenue channels. 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. The domestic wholesale business marked an elevation of 44%, reflecting a jump of 47.1% in pairs shipped coupled with strong performance across men's, women's and kids' divisions.
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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. Let's Unveil the Picture Skechers, which competes with Deckers Outdoor Corporation ( DECK ), stated that total net sales for the quarter surged 28.6% to $451.6 million from the prior-year quarter, reflecting increased demand of products and healthy performance across all revenue channels. Skechers' international business soared 20.7% on the back of 29.9% growth in international distributor business and an 18.1% rise in international subsidiary and joint venture sales.
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Let's Unveil the Picture Skechers, which competes with Deckers Outdoor Corporation ( DECK ), stated that total net sales for the quarter surged 28.6% to $451.6 million from the prior-year quarter, reflecting increased demand of products and healthy performance across all revenue channels. 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. The company's Performance Division portrayed an exceptional performance attributable to Skechers GOrun, Skechers GOwalk, Skechers GOrun Ride, and Skechers GOrun2.
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Let's Unveil the Picture Skechers, which competes with Deckers Outdoor Corporation ( DECK ), stated that total net sales for the quarter surged 28.6% to $451.6 million from the prior-year quarter, reflecting increased demand of products and healthy performance across all revenue channels. 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. The company plans to open 3 more stores and close 5 outlets during the second quarter.
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302e947b-2fc7-423b-928a-9629eda75f5a
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724759.0
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2013-03-28 00:00:00 UTC
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Mid-Day Market Update: SYNNEX Tumbles On Weak Forecast, Signet Spikes Higher
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DECK
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https://www.nasdaq.com/articles/mid-day-market-update-synnex-tumbles-weak-forecast-signet-spikes-higher-2013-03-28
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nan
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nan
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Midway through trading Thursday, the Dow traded up 0.30 percent to 14,570.06 while the NASDAQ gained 0.12 percent to 3,260.44. The S&P also rose, gaining 0.25 percent to 1,566.72.
Top Headline
BlackBerry (NASDAQ: BBRY ) reported a surprise profit for its fourth fiscal quarter.
BlackBerry posted a quarterly net profit of $98 million, or $0.19 per share, versus a year-ago net loss of $125 million, or $0.24 per share. Its adjusted earnings from continuing operations came in at $114 million, or $0.22 per share. However, analysts were expecting an adjusted loss of $0.30 per share.
Its quarterly revenue fell to $2.68 billion, from $2.73 billion, missing analysts' estimates of $2.84 billion.
Equities Trading UP
Signet Jewelers (NYSE: SIG ) shot up 6.75 percent to $67.54 after the company reported upbeat Q4 results.
Shares of Chicago Bridge & Iron Company NV (NYSE: CBI ) got a boost, shooting up 5.37 percent to $62.18 after the company expects FY13 earnings of $4.00 to $4.35 per share.
Deckers Outdoor (NASDAQ: DECK ) was also up, gaining 7.31 percent to $56.36 after Jefferies raised price target on the stock from $65 to $100.
Equities Trading DOWN SYNNEX (NYSE: SNX ) shares tumbled 9.10 percent to $37.16 after the company issued weak Q2 earnings forecast.
Aegion (NASDAQ: AEGN ) was also down, falling 8.06 percent to $22.71 after the company issued downbeat Q1 earnings view.
Shares of Southcross Energy Partners LP (NYSE: SXE ) were down 14.57 percent to $22.00 after the company reported Q4 results.
Commodities In commodity news, oil traded up 0.26 percent to $96.83, while gold traded down 0.50 percent to $1,599.10.
Silver traded down 0.58 percent Thursday to $28.45, while copper fell 0.19 percent to $3.44.
Eurozone European shares were higher today. German retail sales in February rose faster than expected, gaining 0.4 percent vs. an expected decline of 1.0 percent. However, sales rose slower than the 3.1 percent rate in January.
The Spanish Ibex Index climbed 0.55 percent and the Italian FTSE MIB Index rose 0.46 percent. The STOXX Europe 600 Index gained 0.71 percent, London's FTSE 100 Index rose 0.69 percent, French CAC 40 Index surged 0.80 percent and German DAX 30 index gained 0.28 percent.
Economics US weekly jobless claims climbed 16,000 to 357,000 in the latest week ended March 23. However, economists were expecting initial jobless claims to increase to 339,000, versus an original estimate of 336,000 in the earlier week.
US fourth-quarter GDP rose 0.4% in the fourth quarter, versus the previous estimate of a 0.1% rise. Aftertax corporate profits rose 3.3% in the quarter.
The Bloomberg Consumer Comfort Index fell to minus 34.4 in the latest week ended March 24, versus minus 33.9 in the previous period.
Chicago PMI fell 4.4 percentage points to 52.4% in March, missing economists' estimates of 56.4%.
Natural gas supplies dropped 95 billion cubic feet for the week ended March 22, the Energy Information Administration reported. However, analysts were expecting a fall between 83 billion cubic feet and 87 billion cubic feet.
(c) 2013 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 ) was also up, gaining 7.31 percent to $56.36 after Jefferies raised price target on the stock from $65 to $100. Equities Trading UP Signet Jewelers (NYSE: SIG ) shot up 6.75 percent to $67.54 after the company reported upbeat Q4 results. Equities Trading DOWN SYNNEX (NYSE: SNX ) shares tumbled 9.10 percent to $37.16 after the company issued weak Q2 earnings forecast.
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Deckers Outdoor (NASDAQ: DECK ) was also up, gaining 7.31 percent to $56.36 after Jefferies raised price target on the stock from $65 to $100. The STOXX Europe 600 Index gained 0.71 percent, London's FTSE 100 Index rose 0.69 percent, French CAC 40 Index surged 0.80 percent and German DAX 30 index gained 0.28 percent. The Bloomberg Consumer Comfort Index fell to minus 34.4 in the latest week ended March 24, versus minus 33.9 in the previous period.
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Deckers Outdoor (NASDAQ: DECK ) was also up, gaining 7.31 percent to $56.36 after Jefferies raised price target on the stock from $65 to $100. Midway through trading Thursday, the Dow traded up 0.30 percent to 14,570.06 while the NASDAQ gained 0.12 percent to 3,260.44. German retail sales in February rose faster than expected, gaining 0.4 percent vs. an expected decline of 1.0 percent.
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Deckers Outdoor (NASDAQ: DECK ) was also up, gaining 7.31 percent to $56.36 after Jefferies raised price target on the stock from $65 to $100. Midway through trading Thursday, the Dow traded up 0.30 percent to 14,570.06 while the NASDAQ gained 0.12 percent to 3,260.44. The S&P also rose, gaining 0.25 percent to 1,566.72.
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1f1dacf3-d58f-4fc0-b435-9628873b2541
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724760.0
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2013-03-28 00:00:00 UTC
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Market Wrap for Thursday, March 28: Stocks Rise as S&P 500 Hits Record High
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DECK
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https://www.nasdaq.com/articles/market-wrap-thursday-march-28-stocks-rise-sp-500-hits-record-high-2013-03-28
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nan
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nan
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The U.S. stock market rose on Thursday to close out the trading week.
Helped by portfolio managers looking to end the quarter on a strong note, the S&P 500 took out its previous all-time high closing price. Although jobless claims rose last week, market participants remain optimistic about 2013 as the S&P 500 rose around 10 percent in the first-quarter.
On Thursday, the U.S. dollar was slightly lower and the euro rose, which helped to support risk appetite. Volume and news flow was light on the session, but the major averages all managed to end the day with moderate gains.
Major Averages
The Dow Jones Industrial Average rose 52 points, or 0.36 percent, to just below 14,579.
The S&P 500 added 6 points, or 0.41 percent, to 1,569.
The Nasdaq rose 11 points, or 0.34 percent, to 3,268.
Jobless Claims
Initial jobless claims rose for the week ending March 23, up 16,000 to 357,000. This was ahead of economists' consensus estimates of 338,000.
Continuing jobless claims for the week ending March 16 fell by 27,000 to 3.05 million. This was slightly ahead of consensus expectations of 3.04 million.
Although jobless claims rose for the week ending March 23, this is not necessarily the start of a trend and labor conditions still appear to be improving overall.
GDP - Third Estimate
GDP in the fourth-quarter was revised upward for the third estimate to 0.4 percent. This was a positive development as the figure both came in ahead of consensus estimates of 0.3 percent and the third estimate which showed a 0.1 percent contraction.
The revision was primarily due to nonresidential investment which jumped 13.2 percent in the third estimate versus a 9.7 percent in the second estimate.
Chicago PMI
Manufacturing in the Chicago region fell in March according to PMI data released on Thursday. The Chicago PMI reading fell from 56.8 in the previous month to 52.4. This was below consensus expectations of a decline to 56.5.
Commodities
Crude oil was slightly higher on Thursday. Near the closing bell, NYMEX crude contracts had added 0.54 percent to $97.04 while Brent crude was higher by 0.29 percent to $109.96. Natural gas futures fell 1.43 percent to $4.01 on the session.
Precious metals were lower on the day with COMEX gold futures falling around 0.66 percent to $1,595.40 near the close of equities. Silver futures were last down 0.90 percent to $28.37. Copper futures had lost a little better than 1 percent late in the day.
Volatility showed up in the grains complex as both corn and wheat were crushed on Thursday. Corn futures lost over 5 percent on the day and wheat was trading down almost 7 percent. Movers in soft commodities included sugar and orange juice, with each losing around 1 percent.
Bonds
Near the close of equity trading, the iShares Barclays 20+ Year Treasury Bond ETF (NYSE: TLT ) was down around 0.40 percent to $117.90. The fall in prices sent yields higher.
The 2-Year and 10-Year yield were unchanged at 0.24 percent and 1.85 percent, respectively. The 5-Year Note yield rose three basis points to 0.76 percent and the 30-Year bond yield climbed one basis point to 3.10 percent.
Currencies
The U.S. dollar was slightly lower on the day. Near the close, the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP ), which tracks the performance of the greenback versus a basket of currencies, had lost 0.26 percent to $22.60.
The closely watched EUR/USD pair was last trading up around 0.34 percent to $1.2822. Other movers included the GBP/USD which rose 0.41 percent, and the AUD/USD, which fell 0.28 percent.
Volatility and Volume
As stocks rose on the day, the VIX fell. The widely watched barometer of market fear lost 3.57 percent to 12.68.
Volume was very light heading into a holiday weekend. Only around 78 million SPDR S&P 500 ETF (NYSE: SPY ) shares traded hands compared to a 3-month daily average of 128 million.
Stock Movers
Shares of Deckers Outdoor (NASDAQ: DECK ) jumped 6 percent on Thursday after an analyst at Jefferies raised his price target on the stock from $65 to $100.
Texas Industries (NYSE: TXI ) lost better than 4 percent on the day after the company released its Q3 financial results after the closing bell on Thursday.
Shares of Finish Line (NASDAQ: FINL ) jumped around 7 percent during the session after the company announced better than expected Q4 results.
Landec (NASDAQ: LNDC ) moved sharply higher for the second day in a row. The stock finished up better than 6 percent on the day. The catalyst for the activity in the name was an earnings report released on March 26.
Retailer Five Below (NASDAQ: FIVE ) lost around 3 percent on Thursday after the company's fourth-quarter earnings report.
Vanguard Health Systems (NYSE: VHS ) fell more than 7 percent. Earlier in the week, the company was notified by the state of Arizona that it was not going to be awarded a Medicaid-care contract for the upcoming year.
SYNNEX Corporation (NYSE: SNX ) saw its stock fall more than 9 percent on Thursday after the company's fiscal first-quarter earnings results.
Shares of Himax Technologies (NASDAQ: HIMX ) surged more than 18 percent on Thursday after a bullish article about the company appeared on Seeking Alpha.
(c) 2013 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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Stock Movers Shares of Deckers Outdoor (NASDAQ: DECK ) jumped 6 percent on Thursday after an analyst at Jefferies raised his price target on the stock from $65 to $100. Near the close, the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP ), which tracks the performance of the greenback versus a basket of currencies, had lost 0.26 percent to $22.60. Texas Industries (NYSE: TXI ) lost better than 4 percent on the day after the company released its Q3 financial results after the closing bell on Thursday.
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Stock Movers Shares of Deckers Outdoor (NASDAQ: DECK ) jumped 6 percent on Thursday after an analyst at Jefferies raised his price target on the stock from $65 to $100. Jobless Claims Initial jobless claims rose for the week ending March 23, up 16,000 to 357,000. The 5-Year Note yield rose three basis points to 0.76 percent and the 30-Year bond yield climbed one basis point to 3.10 percent.
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Stock Movers Shares of Deckers Outdoor (NASDAQ: DECK ) jumped 6 percent on Thursday after an analyst at Jefferies raised his price target on the stock from $65 to $100. Corn futures lost over 5 percent on the day and wheat was trading down almost 7 percent. The 5-Year Note yield rose three basis points to 0.76 percent and the 30-Year bond yield climbed one basis point to 3.10 percent.
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Stock Movers Shares of Deckers Outdoor (NASDAQ: DECK ) jumped 6 percent on Thursday after an analyst at Jefferies raised his price target on the stock from $65 to $100. The U.S. stock market rose on Thursday to close out the trading week. The fall in prices sent yields higher.
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213f5ed8-9899-4ae0-be72-e3b5f7a4212d
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724761.0
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2013-03-22 00:00:00 UTC
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Nike 3Q EPS Beats, Rev Misses - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/nike-3q-eps-beats-rev-misses-analyst-blog-2013-03-22
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nan
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nan
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Nike Inc. ( NKE ) - a global leader in sports equipment and apparel - came up with its third-quarter fiscal 2013 earnings of 73 cents per share, which surpassed the Zacks Consensus Estimate of 67 cents. Moreover, the quarterly earnings climbed 19.7% year over year, resulting from increased revenues, improved margins, lower share count and reduced tax rate.
Quarter in Detail
Nike's total revenue grew 9% year over year to $6,187 million but fell short of the Zacks Consensus Estimate of $6,229 million. Adjusting for the currency effect, the company's revenues increased 10%. The year-over-year elevation in revenues was primarily driven by robust performances across all geographical regions barring Greater China and Japan. Moreover, the company registered growth in all key categories excluding Sportswear and Action Sports.
On a currency neutral basis, revenues for Nike brands elevated 10%, while other businesses delivered 9% growth. Increase in Nike's other businesses revenue was primarily led by strong performance at Converse and NIKE Golf, which was partially offset by weak sales at Hurley.
Nike's quarterly gross profit grew 10% from the year-ago quarter to $2,736 million, and gross margin expanded 30 basis points to 44.2%. The margin expansion mainly resulted from better pricing actions and lower material costs, partially offset by increased labor expenses, higher discounts in Greater China and adverse foreign exchange rates. Another factor that pulled down the gross margin was the switch of the NIKE Brand to a mix focused on lower margin businesses.
Selling and administrative expenses increased 9% to $1,863 million, including a rise of 11% and 5% in operating overhead costs and demand creation expense, respectively. Overhead expenses rose on the back of increased investments in the wholesale business and higher Direct to Consumer costs due to new store openings and mounting expenses at existing stores.
Operating income for the quarter increased 12.4% year over year to $873 million, while operating margin expanded 40 basis points to 14.1%. The year-over-year expansion in margins was primarily due to higher gross margin.
Balance Sheet
Global inventories increased 4% at the end of third quarter to $3,329 million compared with $3,206 million in the same period of fiscal 2012. The year-over-year increase in global inventories was primarily led by a 7% rise in NIKE Brand wholesale unit inventories, partially offset by a 3% negative impact from unfavorable foreign currency translations.
Nike, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . ( SKX ), ended the quarter with cash and cash equivalents of $2,557 million compared with cash balance of $2,021 million as of Feb 29, 2012. Moreover, the company has a long-term debt of $161 million and shareholders' equity of $10,667 million at the end of third quarter.
Share Repurchase
During the quarter, this Zacks Rank #3 (Hold) company repurchased 4.9 million shares for about $253 million under its $8.0 billion share repurchase program approved in Sep 2012. Since the beginning of this new share repurchase program, Nike has repurchased 11.1 million shares at a cost of nearly $548 million.
Future Orders
Global future orders for footwear and apparel scheduled for delivery from March through July 2013 were up 6% to $9.9 billion. Excluding currency effects, worldwide future orders increased 7%. The year-over-year increase in future orders was led by an 11% increase both in North America and Central & Eastern Europe, 12% in Emerging market and 4% in Greater China. Future orders in Japan and Western Europe declined 8% and 5% respectively.
Recent Events
In an effort to cut costs and sharpen focus on its NIKE, Jordan, Converse and Hurley brands, Nike, in May 2012, revealed its intention of divesting 2 of its brands - Cole Haan and Umbro. The company's decision to sell these brands is guided by the fact that the performances at the Cole Haan and Umbro brands failed to match up to that of its other brands.
Going ahead with its pre-planned strategy, Nike, during the second quarter of fiscal 2013 entered into an agreement to shed certain assets of the Umbro brand to Iconix Brand Group Inc. ( ICON ). The deal closed at the end of 2012 and fetched $225 million.
Moving ahead, in February this year, this global athletic footwear retailer, successfully sealed the previously agreed upon deal to sell its Cole Haan affiliate brand to Apax Partners for a sum of $570 million.
Nike is the pioneer in the U.S. footwear and athletic apparel industry. In an attempt to broaden its global reach and market share, Nike is aggressively expanding its operations in the emerging markets while focusing on direct-to-consumer business and other brands, which augur well for its future operating performance. Year-to-date, Nike exhibited significant strength by innovative products and services that helped boosts its top and bottom lines. Moreover, the company's near-to-debt free balance sheet offers financial flexibility to drive future growth.
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
ICONIX BRAND GP (ICON): 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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Nike, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): 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 margin expansion mainly resulted from better pricing actions and lower material costs, partially offset by increased labor expenses, higher discounts in Greater China and adverse foreign exchange rates.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): 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. Nike, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . The margin expansion mainly resulted from better pricing actions and lower material costs, partially offset by increased labor expenses, higher discounts in Greater China and adverse foreign exchange rates.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): 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. Nike, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . Quarter in Detail Nike's total revenue grew 9% year over year to $6,187 million but fell short of the Zacks Consensus Estimate of $6,229 million.
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Nike, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . DECKERS OUTDOOR (DECK): Free Stock Analysis Report ICONIX BRAND GP (ICON): 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 margin expansion mainly resulted from better pricing actions and lower material costs, partially offset by increased labor expenses, higher discounts in Greater China and adverse foreign exchange rates.
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ab35802b-2193-4585-9a8a-51ecb00e6162
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724762.0
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2013-03-13 00:00:00 UTC
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4 Trends You Need to Know About This Bull Market
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DECK
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https://www.nasdaq.com/articles/4-trends-you-need-know-about-bull-market-2013-03-13
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nan
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nan
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As the markets reach new highs, investors have begun to express caution instead of celebration.
Since Nov. 15, 2012, the S&P 500 has risen an impressive 15%. That works out to be a 45% annualizedgain . And the whole time, a significant number of investors have remained dubious, citing ample reasons why themarket should be moving lower -- not higher. And as the market has climbed this "wall of worry ," even the most ardently pessimistic bears have thrown up their hands in dismay.
My colleague Adam Fischbaum touched on some concerns in this column .
To be sure, the fourth-quarterearnings season held few negative surprises, and first-quarter results are likely to be at least in line with forecasts. Plus, the increasingly robust employment picture indicates the U.S.economy almost surelywill avoid arecession in 2013, even with the boulders that Washington policy makers throw in its path.
Still, a host of otherfactors leaves the bears unconvinced this rally has staying power. Watch these factors closely and be prepared to take profits before any modest pullback morphs into a major rout.
Here are the unusual factors driving the current market.
Massiveshort covering
According to Bloomberg News, only 5.6% of allshares are now held in short accounts, down from 12% five years ago. That's a 53% drop, which is the lowest level in history. In fact, much of the drop has come in just the past four months.
Short sellers often move as a herd. When they realize their colleagues' resolve is weakening, as evidenced bybacking away from short positions, they also capitulate and cover their positions. After all, it's unwise to stand pat and watch heavily shortedstocks rally. And when short sellers seek to cover their positions, they must buy back shares they borrowed, which creates a form of buying pressure for the market.
In a study conducted by the BespokeInvestment Group, the following stocks had a short position equivalent to at least 25% of theirshares outstanding as the year began, but short covering has pushed them up sharply.
Short Interest as a % ofFloat (SIPF)
At some point, perhaps soon, this phase of short covering may come to an end, removing one of the sources of fuel for this rally. And paradoxically, it's often wise to seek out short ideas once short-selling is exhausted. That's because ashort squeeze -- such as in the stocks noted above -- can lead to renewed selling pressure once the shorts are emboldened to try their hand again.
Surgingmargin debt
Few investors recall it now, but margin debt was one of the biggest factors behind the huge rise and fall of dot-com stocks. Fevered investors borrowed from theirbrokers in a rush to buy stocks in 1999 and 2000. Yet by the spring of 2000, those same brokers were calling their clients asking for theirmoney back, as a falling market shrank theequity balances to levels that made the margin loans look too big. As investors sold off their falling dot-com stocks, the market moved lower, triggering even more margin calls and creating one of the ugliest years ininvesting history.
Investors are at it again, taking on debt just to buy rising stocks. They are pouringcash into their accounts in order to chase this rally higher, as they did in 1998 and 1999. Back in August,gross margin debt (prior to the reflection of offsetting cash) stood at $288.6 billion.
Here's what has happened since.
Surging Market Debt ($billions)
This $80 billion spike in gross margin debt in just six months won't be a problem if the market holds its ground in coming weeks and months. And indeed, many investors have built in a cash cushion to guard against market pullbacks. But it's those investors who are using margin in an especially aggressive fashion that createmarket risk . Major market pullbacks would force them into selling, which creates further market weakness. As I wrote in October, "Even if just 20% or 30% of margin accounts get amargin call from brokers, then we're talking about tens of billions in selling pressure into an already weak market. This can push the market down to trigger the nextwave of margin calls."
A tiredbull ?
Abull market is a gain of at least 20% without a 20% pullback in its midst, and there have been two since the dot-com meltdown in 2000. The first one began in October 2002, lasted 67 months and generated a 101% rally in the S&P 500. The next -- and current -- bull market began in March 2009, and has delivered a 128% gain after only 48 months. There have been only two bull markets since 1956 that have delivered greatergains than the current bull.
In a study conducted by Merrill Lynch, the average bull market has lasted 30.7 months and delivered a 104% gain. Sure, this bull can continue running, but historically speaking, we're living on borrowed time.
Profits are not as impressive as you might think
Analysts repeatedly have slashed their near-termprofit forecasts, only to find companies exceeding the newly lowered set of expectations. That has given the impression of better-than-expected profits, but you'll see something different if you take a wider view.
At the start of 2012, all of the companies in the S&P 500 were expected to earn roughly $118 a share in 2013. Yet with each passing quarter, analysts have been taking an ever-dimmer view. Now, the aggregated profit forecast for the S&P 500 in 2013 is just $108 a share. If Washington's ongoing circus continues to vex the U.S. economy, we might be looking at S&P 500earnings per share ( EPS ) of just $100 this year. That's the view of Morgan Stanley strategists -- one that may soon be shared by others.
Action to Take --> With the always-present possibility of a market reversal, keep a close eye on the daily closes of the S&P 500, as they can provide insight. A few days of market drops may seem innocuous, but can signal a new trend.
For example, from Oct. 5, 1987, until Oct. 16, 1987, the S&P 500 lost roughly 1% in every session. That last date marked the fourth straight days of losses, and investors had seen enough. In the following session on Oct. 19, 1987, the S&P 500 fell 20% in just one day. So don't take signs of profit-taking too lightly.
Still, the major indexes are nicely above their 50-, 100- and 200-day moving averages. Yet many technical analysts keep an eye on the50-day moving average chart as a sign that the bull is getting tired, and abear may be on the prowl. For the S&P 500, the 50-day moving average stands at 1,495, roughly 55 points, or 3% below current levels. If you're nervous about when to take profits, keep an eye on that number.
A much simpler way to avoid getting crushed by a market rout is through the use of stop-loss limit orders. As traders like to say in a raging bull market, "keep your stops tight."
Let's use an example. If you invested in Netflix (Nasdaq: NFLX) last fall, you've seen its shares soar by about 200% to $180 a share. Can Netflix move even higher? Perhaps. Can Netflix be hit by massive profit-taking? Surely.
That makes this a good time to place a stop-losslimit order for Netflix at about $170. If shares start to weaken, the crowd could trigger even bigger selling (just as we've seen with Apple during the past fewquarters ). Remember, it's not what you think astock is worth, but what the crowd thinks it's worth. And if the crowd starts to change its mind, you can't afford to stick around.
-- David Sterman
David Sterman does not personally hold positions in any securities mentioned in this article. StreetAuthority LLC does not hold positions in any securities mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2010 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Yet by the spring of 2000, those same brokers were calling their clients asking for theirmoney back, as a falling market shrank theequity balances to levels that made the margin loans look too big. As investors sold off their falling dot-com stocks, the market moved lower, triggering even more margin calls and creating one of the ugliest years ininvesting history. Profits are not as impressive as you might think Analysts repeatedly have slashed their near-termprofit forecasts, only to find companies exceeding the newly lowered set of expectations.
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And when short sellers seek to cover their positions, they must buy back shares they borrowed, which creates a form of buying pressure for the market. As investors sold off their falling dot-com stocks, the market moved lower, triggering even more margin calls and creating one of the ugliest years ininvesting history. Surging Market Debt ($billions) This $80 billion spike in gross margin debt in just six months won't be a problem if the market holds its ground in coming weeks and months.
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And when short sellers seek to cover their positions, they must buy back shares they borrowed, which creates a form of buying pressure for the market. As investors sold off their falling dot-com stocks, the market moved lower, triggering even more margin calls and creating one of the ugliest years ininvesting history. Surging Market Debt ($billions) This $80 billion spike in gross margin debt in just six months won't be a problem if the market holds its ground in coming weeks and months.
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And when short sellers seek to cover their positions, they must buy back shares they borrowed, which creates a form of buying pressure for the market. As investors sold off their falling dot-com stocks, the market moved lower, triggering even more margin calls and creating one of the ugliest years ininvesting history. For the S&P 500, the 50-day moving average stands at 1,495, roughly 55 points, or 3% below current levels.
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e50e67f5-da81-49c5-b2d0-17b0cd92288b
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724763.0
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2013-03-06 00:00:00 UTC
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Bull of the Day: Skechers (SKX) - Bull of the Day
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DECK
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https://www.nasdaq.com/articles/bull-day-skechers-skx-bull-day-2013-03-06
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nan
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nan
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New styles and global reach have kicked this footwear maker back to profitability
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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New styles and global reach have kicked this footwear maker back to profitability 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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New styles and global reach have kicked this footwear maker back to profitability 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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New styles and global reach have kicked this footwear maker back to profitability 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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New styles and global reach have kicked this footwear maker back to profitability 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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28549215-7fed-4332-9c1f-e6be30ea83bf
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724764.0
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2013-03-01 00:00:00 UTC
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Mid-Morning Market Update: Markets Go Red, Best Buy Results Beat Estimates
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DECK
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-go-red-best-buy-results-beat-estimates-2013-03-01
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nan
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nan
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Following the market open Friday, the Dow traded down 0.34 percent to 14,006.53 while the NASDAQ fell 0.59 percent to 3,141.66. The S&P also dropped, falling 0.41 percent to 1,508.44.
Index Technicals: For today, the S&P looks set to head lower and re-test the 1,500 level, with 1,495 support lurking below.
The Dow is poised to hit its high of 14,149 and head lower to test its 20 EMA at 13,928.28, with 13,860 acting as support below that.
The NASDAQ is set to head lower and test its 50 EMA at 3,124.09, with a lower support set at 3,100.
Finally, the Russell looks to lose its 20 EMA this morning at 907.67, while heading lower to the 894 support.
Top Headline Best Buy Co (NYSE: BBY ) reported better-than-expected fourth-quarter results.
Best Buy posted a quarterly loss of $409 million, or $1.21 per share, versus a year-ago loss of $1.82 billion, or $5.17 per share.
Its revenue rose to $16.71 billion from $16.67 billion. Excluding items, its adjusted profit came in at $1.64 per share. However, analysts were expecting earnings of $1.54 per share on sales of $16.3 billion.
Equities Trading UP Sauer-Danfoss (NYSE: SHS ) shot up 8.43 percent to $58.68 after Danfoss A/S agreed to buy rest of Sauer-Danfoss for $58.50 per share in cash.
Shares of Deckers Outdoor (NASDAQ: DECK )got a boost, shooting up 12.08 percent to $45.29 after the company's Q4 earnings surpassed analysts' estimates.
Best Buy Co (NYSE: BBY ) was also up, gaining 5.24 percent to $17.27 after the company reported better-than-expected fourth-quarter results.
Equities Trading DOWN Atlantic Power (NYSE: AT ) shares tumbled 35.91 percent to $6.39 after the company's Q4 project income fell by $7.9 million to project loss of $6.1 million.
SandRidge Energy (NYSE: SD ) was also down, falling 10.53 percent to $5.10 after the company reported a Q4 loss.
Shares of OmniVision Technologies (NASDAQ: OVTI )were down 14.99 percent to $13.10, after the company issued a weak fourth-quarter forecast.
Commodities In commodity news, oil traded down 1.52 percent to $90.65, while gold traded up 0.28 percent to $1,582.50.
Silver traded up 0.66 percent Friday to $28.62, while copper dropped 1.54 percent to $3.49.
Eurozone European shares were lower after downbeat economic data. Euro-zone inflation declined to 1.8% in February, versus 2% in the earlier month. Euro-zone unemployment reached 11.9% in the month of January. Italian PMI came in below expectations at 45.8, while German PMI beat expectations at 50.3.
The Spanish Ibex Index tumbled 0.82 percent and the Italian FTSE MIB Index dipped 1.64 percent. The STOXX Europe 600 Index fell 0.80 percent, London's FTSE 100 Index dropped 0.50 percent, French CAC 40 Index declined 1.14 percent and German DAX 30 index fell 0.86 percent.
Economics Consumer spending in the US rose 0.2% in January, versus a downwardly revised 0.1% rise in December. However, personal income declined 3.6% in the month. Economists were expecting a 0.2% gain in consumer spending and a 2.6% fall in personal income.
The final Markit manufacturing PMI dropped to 54.3 in the month of February, versus 55.8 in January.
The University of Michigan/Thomson Reuters consumer-sentiment index climbed to 77.6 in the month of February, versus a final reading of 73.8 in January, beating economists' estimates of 76.4.
The ISM manufacturing index rose to a reading of 54.2% in February, versus 53.1% in January, surpassing expectations of 52.5%.
US construction spending declined 2.1% in January, versus a 1.1% rise in the prior month.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything trading.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 (NASDAQ: DECK )got a boost, shooting up 12.08 percent to $45.29 after the company's Q4 earnings surpassed analysts' estimates. Shares of OmniVision Technologies (NASDAQ: OVTI )were down 14.99 percent to $13.10, after the company issued a weak fourth-quarter forecast. The University of Michigan/Thomson Reuters consumer-sentiment index climbed to 77.6 in the month of February, versus a final reading of 73.8 in January, beating economists' estimates of 76.4.
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Shares of Deckers Outdoor (NASDAQ: DECK )got a boost, shooting up 12.08 percent to $45.29 after the company's Q4 earnings surpassed analysts' estimates. Equities Trading DOWN Atlantic Power (NYSE: AT ) shares tumbled 35.91 percent to $6.39 after the company's Q4 project income fell by $7.9 million to project loss of $6.1 million. The STOXX Europe 600 Index fell 0.80 percent, London's FTSE 100 Index dropped 0.50 percent, French CAC 40 Index declined 1.14 percent and German DAX 30 index fell 0.86 percent.
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Shares of Deckers Outdoor (NASDAQ: DECK )got a boost, shooting up 12.08 percent to $45.29 after the company's Q4 earnings surpassed analysts' estimates. Following the market open Friday, the Dow traded down 0.34 percent to 14,006.53 while the NASDAQ fell 0.59 percent to 3,141.66. Equities Trading DOWN Atlantic Power (NYSE: AT ) shares tumbled 35.91 percent to $6.39 after the company's Q4 project income fell by $7.9 million to project loss of $6.1 million.
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Shares of Deckers Outdoor (NASDAQ: DECK )got a boost, shooting up 12.08 percent to $45.29 after the company's Q4 earnings surpassed analysts' estimates. Best Buy Co (NYSE: BBY ) was also up, gaining 5.24 percent to $17.27 after the company reported better-than-expected fourth-quarter results. The final Markit manufacturing PMI dropped to 54.3 in the month of February, versus 55.8 in January.
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ce8c35b6-a079-476f-9c12-1793ecf7de28
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724765.0
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2013-03-01 00:00:00 UTC
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Deckers Beats on EPS, Down Y/Y - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-beats-on-eps-down-y-y-analyst-blog-2013-03-01
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nan
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nan
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Increased cost pressures as well as higher markdowns took a toll on the financials of Deckers Outdoor Corporation ( DECK ), as the company's fourth-quarter 2012 earnings reached $2.77 per share, down 12.9% year over year.
However, the quarterly earnings came ahead of the Zacks Consensus Estimate of $2.58 per share and also fared better than the projected decline of 14% in the bottom line, thanks to the share repurchases.
Deckers' total net sales inched up 2.2% year over year to $617.3 million but fell short of the Zacks Consensus Estimate of $632 million. The company had earlier forecasted top-line growth of 6%.
During the quarter, the company's domestic sales declined 2.1% year over year to $446.7, whereas international sales jumped 15.6% year over year to $170.5 million.
Deckers, which competes with Wolverine World Wide Inc . ( WWW ), has been grappling with increased inventory and higher input costs, primarily an 80% rise in sheepskin costs. Moreover, warm weather conditions adversely impacted the demand of the UGG brand.
To counter this, Deckers decided to make retrospective adjustment in prices of selected Classic styles that were shipped since Jul 1, 2012. Moreover, in order to safeguard against rising sheepskin costs and other raw materials, Deckers has undertaken certain long term programs, which include increasing the mix of non-sheepskin merchandises, new casual footwear materials less prone to weather, and innovative production technologies.
The company is also eyeing other profitable markets, and remains focused on product introductions, store augmentation along with geographic expansion.
Segment Discussion
UGG brand net sales increased 2.9% to $584.8 million primarily driven by increased sales through new outlets and higher worldwide eCommerce sales. The increases were partly offset by fall in domestic and international wholesale sales and decreased comparable-store sales.
The sales for the Sanuk brand, known for exclusive sandals and shoes, were $15.3 million, up 39.2% from the year-ago quarter, attributable to increased domestic wholesale and eCommerce sales on account of higher consumer demand.
Teva brand net sales plunged 29.5% to $13.7 million as the quarter lacked reorders resulting in lower distributor sales internationally.
Combined net sales of Deckers' other brands for the quarter were $3.5 million, down 29.6% year over year as the company stopped the distribution of Simple brand.
Retail Stores sales ascended 37.1% to $135.5 million, propelled by the opening of 30 new stores but offset by a 3.4% decline in comparable-store sales.
eCommerce sales jumped 30.6% to $87.6 million, reflecting robust demand of the UGG brand in both domestic and international markets. Moreover, inclusion of new international eCommerce websites and higher domestic demand of Sanuk brand bolstered sales.
Margins
Gross profit waned 7.1% to $286 million from the comparable prior-year quarter due to an increase in cost of goods sold. Gross profit margin contracted 470 basis points to 46.3% due to higher product costs, increased markdowns and closeout sales and adverse product mix.
Operating income declined 18.5% year over year to $144.1 million, whereas operating margin contracted 600 basis points to 23.3%, reflecting lower gross profit and higher expenses.
Other Financial Aspects
Deckers ended the quarter with cash and cash equivalents of $110.2 million down significantly from $263.6 million in the year-ago quarter, while short-term borrowings increased to $33 million. The company had no short-term borrowings in the prior-year quarter. Shareholders' equity was $738.8 million at the end of the quarter.
During the quarter, Deckers bought back approximately 932,000 shares, aggregating $36 million or at a price of $38.64 per share. As of Dec 31, 2012, the company still had $79.3 million remaining at its disposal under its $200 million share repurchase authorization declared in Jul 2012.
On account of lower pre-bookings for the UGG brand, the company's backlog went down significantly (by 17%) to $323 million as of Dec 31, 2012.
Guidance
This Zacks Rank #3 (Hold) stock now projects total revenue growth of 7% for 2013, anticipating an increase of 4% in UGG brand sales, 6% in Teva brand sales, 15% in Sanuk brand and sales worth $40 million in net sales of other brands.
Management now envisions a 5% rise in 2013 earnings per share. Deckers also forecasts gross profit margin to expand by 180 basis points to 46.5% expecting lower input costs, while operating margin is expected to be 12.5% of sales.
The company typically generates lowers sales during the first half of the year and hence foresees revenues to remain flat in the first quarter of 2013. Moreover, the company expects to post a loss of 12 cents per share.
Other Stocks to Consider
Until any further upward revision in the rating of Deckers, other stocks in the same industry worth considering include SkechersUSAInc. ( SKX ) carrying a Zacks Rank #1 (Strong Buy) and Adidas AG ( ADDYY ) carrying a Zacks Rank #2 (Buy).
ADIDAS AG-ADR (ADDYY): Get Free 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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To counter this, Deckers decided to make retrospective adjustment in prices of selected Classic styles that were shipped since Jul 1, 2012. Increased cost pressures as well as higher markdowns took a toll on the financials of Deckers Outdoor Corporation ( DECK ), as the company's fourth-quarter 2012 earnings reached $2.77 per share, down 12.9% year over year. Deckers' total net sales inched up 2.2% year over year to $617.3 million but fell short of the Zacks Consensus Estimate of $632 million.
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ADIDAS AG-ADR (ADDYY): Get Free 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. Increased cost pressures as well as higher markdowns took a toll on the financials of Deckers Outdoor Corporation ( DECK ), as the company's fourth-quarter 2012 earnings reached $2.77 per share, down 12.9% year over year. Deckers' total net sales inched up 2.2% year over year to $617.3 million but fell short of the Zacks Consensus Estimate of $632 million.
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Increased cost pressures as well as higher markdowns took a toll on the financials of Deckers Outdoor Corporation ( DECK ), as the company's fourth-quarter 2012 earnings reached $2.77 per share, down 12.9% year over year. Deckers' total net sales inched up 2.2% year over year to $617.3 million but fell short of the Zacks Consensus Estimate of $632 million. Deckers, which competes with Wolverine World Wide Inc .
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During the quarter, Deckers bought back approximately 932,000 shares, aggregating $36 million or at a price of $38.64 per share. Increased cost pressures as well as higher markdowns took a toll on the financials of Deckers Outdoor Corporation ( DECK ), as the company's fourth-quarter 2012 earnings reached $2.77 per share, down 12.9% year over year. Deckers' total net sales inched up 2.2% year over year to $617.3 million but fell short of the Zacks Consensus Estimate of $632 million.
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01e1d40b-5bcd-4bc8-a9c9-14e2eba2327b
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724766.0
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2013-03-01 00:00:00 UTC
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Mid-Day Market Update: Stocks Erase Losses, Foster Wheeler Down On Downbeat Results
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DECK
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https://www.nasdaq.com/articles/mid-day-market-update-stocks-erase-losses-foster-wheeler-down-downbeat-results-2013-03-01
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nan
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nan
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Midway through trading Friday, the Dow traded up 0.16 percent to 14,077.60 while the NASDAQ rose 0.10 percent to 3,163.36. The S&P also rose, gaining 0.11 percent to 1,516.38.
Index Technicals: For today, the S&P looks set to head lower and re-test the 1,500 level, with 1,495 support lurking below.
The Dow is poised to hit its high of 14,149 and head lower to test its 20 EMA at 13,928.28, with 13,860 acting as support below that.
The NASDAQ is set to head lower and test its 50 EMA at 3,124.09, with a lower support set at 3,100.
Finally, the Russell looks to lose its 20 EMA this morning at 907.67, while heading lower to the 894 support.
Top Headline Best Buy Co (NYSE: BBY ) reported better-than-expected fourth-quarter results. Best Buy posted a quarterly loss of $409 million, or $1.21 per share, versus a year-ago loss of $1.82 billion, or $5.17 per share. Its revenue rose to $16.71 billion from $16.67 billion. Excluding items, its adjusted profit came in at $1.64 per share. However, analysts were expecting earnings of $1.54 per share on sales of $16.3 billion.
Equities Trading UP MGIC Investment (NYSE: MTG ) shot up 22.32 percent to $3.6450 after the company reported better-than-expected Q4 revenue. Shares of Deckers Outdoor (NASDAQ: DECK ) got a boost, shooting up 13.17 percent to $45.73 after the company's Q4 earnings surpassed analysts' estimates. Sinclair Broadcast Group (NASDAQ: SBGI ) was also up, gaining 10.44 percent to $15.55 after the company reached agreement with DirecTV on a new retransmission consent agreement.
Equities Trading DOWN Atlantic Power (NYSE: AT ) shares tumbled 28.21 percent to $7.16 after the company's Q4 project income fell by $7.9 million to project loss of $6.1 million. Foster Wheeler AG (NASDAQ: FWLT ) was also down, falling 16.21 percent to $20.16 after the company reported downbeat Q4 results. Shares of McDermott International (NYSE: MDR ) were down 14.07 percent to $10.93, after the company reported weak fourth-quarter earnings.
Commodities In commodity news, oil traded down 1.37 percent to $90.79, while gold traded down 0.18 percent to $1,575.30. Silver traded up 0.36 percent Friday to $28.54, while copper dropped 1.24 percent to $28.54.
Eurozone European shares were mostly lower after downbeat economic data. Euro-zone inflation declined to 1.8% in February, versus 2% in the earlier month. Euro-zone unemployment reached 11.9% in the month of January. Italian PMI came in below expectations at 45.8, while German PMI beat expectations at 50.3. The Spanish Ibex Index tumbled 0.52 percent and the Italian FTSE MIB Index dipped 1.54 percent. The STOXX Europe 600 Index fell 0.32 percent, London's FTSE 100 Index gained 0.28 percent, French CAC 40 Index declined 0.62 percent and German DAX 30 index fell 0.43 percent.
Economics Consumer spending in the US rose 0.2% in January, versus a downwardly revised 0.1% rise in December. However, personal income declined 3.6% in the month. Economists were expecting a 0.2% gain in consumer spending and a 2.6% fall in personal income. The final Markit manufacturing PMI dropped to 54.3 in the month of February, versus 55.8 in January. The University of Michigan/Thomson Reuters consumer-sentiment index climbed to 77.6 in the month of February, versus a final reading of 73.8 in January, beating economists' estimates of 76.4. The ISM manufacturing index rose to a reading of 54.2% in February, versus 53.1% in January, surpassing expectations of 52.5%. US construction spending declined 2.1% in January, versus a 1.1% rise in the prior month.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything trading.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 (NASDAQ: DECK ) got a boost, shooting up 13.17 percent to $45.73 after the company's Q4 earnings surpassed analysts' estimates. Equities Trading UP MGIC Investment (NYSE: MTG ) shot up 22.32 percent to $3.6450 after the company reported better-than-expected Q4 revenue. The University of Michigan/Thomson Reuters consumer-sentiment index climbed to 77.6 in the month of February, versus a final reading of 73.8 in January, beating economists' estimates of 76.4.
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Shares of Deckers Outdoor (NASDAQ: DECK ) got a boost, shooting up 13.17 percent to $45.73 after the company's Q4 earnings surpassed analysts' estimates. Equities Trading DOWN Atlantic Power (NYSE: AT ) shares tumbled 28.21 percent to $7.16 after the company's Q4 project income fell by $7.9 million to project loss of $6.1 million. The STOXX Europe 600 Index fell 0.32 percent, London's FTSE 100 Index gained 0.28 percent, French CAC 40 Index declined 0.62 percent and German DAX 30 index fell 0.43 percent.
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Shares of Deckers Outdoor (NASDAQ: DECK ) got a boost, shooting up 13.17 percent to $45.73 after the company's Q4 earnings surpassed analysts' estimates. Midway through trading Friday, the Dow traded up 0.16 percent to 14,077.60 while the NASDAQ rose 0.10 percent to 3,163.36. Equities Trading DOWN Atlantic Power (NYSE: AT ) shares tumbled 28.21 percent to $7.16 after the company's Q4 project income fell by $7.9 million to project loss of $6.1 million.
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Shares of Deckers Outdoor (NASDAQ: DECK ) got a boost, shooting up 13.17 percent to $45.73 after the company's Q4 earnings surpassed analysts' estimates. The S&P also rose, gaining 0.11 percent to 1,516.38. Equities Trading UP MGIC Investment (NYSE: MTG ) shot up 22.32 percent to $3.6450 after the company reported better-than-expected Q4 revenue.
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bd7a553b-86b6-4cb4-afef-b594f2663a64
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724767.0
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2013-02-27 00:00:00 UTC
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8 of the Most Hated Stocks in the Market
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DECK
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https://www.nasdaq.com/articles/8-most-hated-stocks-market-2013-02-27
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nan
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nan
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While investors who love a stock may be inclined to buy it, those that hate a stock may be inclined to short it.
The process of short selling may be one of the most misunderstood aspects of the stock market. In short selling, an investor borrows shares of a stock and sells them into the market, collecting the proceeds.
If the investor is able to buy back the stock at a later date for less than they the sold it for, they keep the difference as profit. Thus, stocks that are heavily shorted are said to be "hated" by market participants -- investors expect share prices to fall.
Usually high short interest coincides with some sort of headwind for the business or potential downside catalyst. Although heavily shorted stocks can often be great investments, it is important to understand why the market is so bearish before buying.
The following are eight of the most heavily shorted stocks in the market today and the reasons as to why investors are so bearish on these companies' prospects.
First Solar (NASDAQ: FSLR ) More than 30 percent of First Solar's shares have been sold short. Despite the bearish sentiment surrounding the name, First Solar had been rallying in recent months prior to the company's first-quarter earnings release on Tuesday.
On a longer term basis, First Solar shares have been crushed, with the stock falling better than 85 percent over the last five years. Shifting trends in the solar industry have weighed on both First Solar and its competitors.
Demand for the company's products is still heavily reliant on government subsidies. In this era of government budget cutting, First Solar has been forced to reduce capacity. Further, solar-panel prices dropped 31% in 2012.
Herbalife (NYSE: HLF ) - This stock is Wall Street's biggest battleground right now. Roughly 34 percent of Herbalife's shares have been sold short, and hedge fund manager Bill Ackman's Pershing Square Capital Management accounts for a large percentage of the short interest.
In December, Ackman publicly revealed that his firm was short around $1 billion worth of Herbalife shares at an investment conference. He said that the company was a "pyramid scheme" and that his price target for the stock was "$0." Subsequently, HLF fell sharply before quickly recovering as two prominent investors stepped up to take the other side of Ackman's trade.
Dan Loeb's Third Point LLC purchased a 8.2 percent stake in the company, while activist investor Carl Icahn revealed a near 13 percent stake in the multi-level marketer of nutritional and weight-loss products in February.
BlackBerry (NASDAQ: BBRY ) This company's business has experienced a long, steady decline at the hands of competitors such as Apple (NASDAQ: AAPL ) and Google (NASDAQ: GOOG ).
Between the iPhone and the Android ecosystem, Research in Motion's share of the smartphone market has been devastated. Given the realities that this company faces, it is little surprise that the stock is so heavily shorted. Over the last five years, shares have lost around 88 percent of their value and Research in Motion's market cap has dwindled to around $7 billion.
Currently, around 32 percent of the company's stock has been sold short as BlackBerry attempts to resurrect its business with its recent launch of BlackBerry 10.
Deckers Outdoor (NASDAQ: DECK ) This one time high-flier fell on hard times in 2012. Over the last year, the stock has dropped about 48 percent as revenue growth has slowed and profitability has been hurt by rising input costs. The company is the maker of UGG boots and Teva footwear.
Falling demand for UGGs, which account for the majority of Deckers' sales, have made this stock a favorite of short-sellers. Around 39% of the company's stock has been sold short as the stock continues to attract negative sentiment even after a large decline in 2012.
GameStop (NYSE: GME ) This stock has been a favorite of short-sellers who view the company's brick and mortar business as being increasingly cumbersome. The short thesis for GameStop is similar to that of companies such as Best Buy (NYSE: BBY ) and Barnes & Noble (NYSE: BKS ) who have been hurt badly by the rise of e-commerce.
Over the last five years, shares of GameStop have lost around 46 percent. Over the last year, however, the stock is up around nine percent. Nevertheless, traders have been consistently bearish on this name no matter what the near-term price action has been. In recent weeks, around 33 percent of the company's float had been sold short as investors believe there is more downside ahead.
J.C. Penney (NYSE: JCP ) - This company has been attempting to restructure its business under former Apple executive Ron Johnson. Among the initiatives launched by Johnson was a straight-forward pricing model that eschewed frequent sales in favor of everyday low prices.
The company, however, began rolling out sales once again in January as the new pricing scheme flopped with consumers. On February 27, the company is expected to report its fourth consecutive quarter of sales and profit declines. Bill Ackman's Pershing Square was the largest holder of the stock as of December 31, 2011 with a near 18 percent stake. Over the last year, the stock is down almost 50 percent and currently around 33 percent of the company's float has been sold short.
Tesla Motors (NASDAQ: TSLA ) It is not difficult to understand why investors would be bearish on Tesla's stock. The electric car manufacturer is an unproven company attempting to carve out a niche in a new and competitive market. Using standard metrics, this is an expensive stock.
For example, Tesla trades at a forward P/E above 24, a price/sales ratio over nine and a price/book ratio of 31 -- all measures significantly higher than its competitors. Despite the fact that Tesla is a heavily shorted name, the stock has performed well in recent years with shares rising almost 80 percent since their first trading day on July 9, 2010. Nevertheless, traders continue to bet against the name with around 37 percent of Tesla's shares currently sold short.
Strum, Ruger & Co. (NYSE: RGR ) The strategic landscape for Strum, Ruger & Co's business is extremely interesting. On the one hand, the company may face long-term headwinds if more onerous firearm laws and regulations are passed in the wake of shifting gun control sentiment in the United States.
The renewed debate over gun control, however, has set a fire under Strum, Ruger's business with record firearm and ammunition sales. This seems to be a near-term catalyst for the company, but investors remain concerned about the long-term ramifications of stricter regulations. The share price also faces headwinds irrespective of how the business is performing as large institutional investors have been dumping the stock due to the unfavorable publicity surrounding the company.
Many of these large investors may never invest in a gun company again. Although the future of Strum, Ruger is very much in flux, the stock has attracted a significant amount of negative sentiment with almost 37 percent of its shares sold short.
(c) 2013 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 ) This one time high-flier fell on hard times in 2012. Falling demand for UGGs, which account for the majority of Deckers' sales, have made this stock a favorite of short-sellers. Despite the fact that Tesla is a heavily shorted name, the stock has performed well in recent years with shares rising almost 80 percent since their first trading day on July 9, 2010.
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Deckers Outdoor (NASDAQ: DECK ) This one time high-flier fell on hard times in 2012. Falling demand for UGGs, which account for the majority of Deckers' sales, have made this stock a favorite of short-sellers. Roughly 34 percent of Herbalife's shares have been sold short, and hedge fund manager Bill Ackman's Pershing Square Capital Management accounts for a large percentage of the short interest.
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Deckers Outdoor (NASDAQ: DECK ) This one time high-flier fell on hard times in 2012. Falling demand for UGGs, which account for the majority of Deckers' sales, have made this stock a favorite of short-sellers. Currently, around 32 percent of the company's stock has been sold short as BlackBerry attempts to resurrect its business with its recent launch of BlackBerry 10.
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Deckers Outdoor (NASDAQ: DECK ) This one time high-flier fell on hard times in 2012. Falling demand for UGGs, which account for the majority of Deckers' sales, have made this stock a favorite of short-sellers. Thus, stocks that are heavily shorted are said to be "hated" by market participants -- investors expect share prices to fall.
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dc4eb1d5-8cfc-47d6-9974-be082a3a8089
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724768.0
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2013-02-20 00:00:00 UTC
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Wolverine Posts Robust 4Q - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/wolverine-posts-robust-4q-analyst-blog-2013-02-20
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nan
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nan
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Strong performance of the legacy and Performance + Lifestyle Group (PLG) businesses facilitated Wolverine World Wide Inc . ( WWW ) to post fourth quarter 2012 earnings of 48 cents a share that zoomed past the Zacks Consensus Estimate of 16 cents and increased 2.1% year over year. However, including one-time items, the company reported a loss of 8 cents.
Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), reported consolidated net sales of $652.2 million, up 60.5% year over year but missed the Zacks Consensus Estimate of $655 million. However, excluding revenues from the PLG acquisition, revenues came in at $432.8 million.
Coming to the operating groups, revenues inched up 1.7% year over year to $143.5 million for Outdoor, while it increased 7.9% year over year to $170.8 million for Heritage. Lifestyle group revenues improved 2.8% to $58.9 million during the quarter. Besides these groups, revenues derived from the company's other brands jumped 48.1% to $7.5 million, while business units, comprising Wolverine retail and leathers, posted a revenue increase of 53.9% to reach $11.6 million.
Revenues from PLG group came in at $150.2 million during the quarter, while retail revenues (including PLG's direct to consumer business) came in at $109.7 million.
Gross profit (including PLG acquisition) jumped 59.4% year over year to $239.3 million during the quarter, whereas gross margin contracted 20 basis points to 36.7%.
Operating profit, including one-time items (acquisition related costs), came in at $7.6 million, plummeting from $30.9 million in the comparable prior-year period, while operating margin decreased to 1.2% from 7.6% in the year-ago quarter.
During the quarter, Wolverine sealed the previously announced acquisition of Collective Brands' Performance + Lifestyle Group (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 including Stride Rite, Sperry Top-Sider, Saucony and Keds.
The deal is expected to provide ample opportunities to Wolverine to boost its growth prospects while facilitating the company to enhance its portfolio of brands.
Other Financial Aspects
Wolverine ended the quarter with cash and cash equivalents of $171.4 million with net debt of $1,080 million and shareholders' equity of $643.7 million.
Guidance Remains Strong
Going forward, this Zacks Rank #3 (Hold) stock expects fiscal 2013 consolidated revenues to be in the range of $2.7 to $2.8 billion, up 64.5% to 70.6% year over year. However, on a pro-forma basis revenues are expected to increase in the range of 6% to 9.9%. Gross margin is expected to improve moderately in fiscal 2013, while adjusted EBITDA is expected to be in the range of $330 million to $345 million compared with adjusted EBITDA of $220.8 million in fiscal 2012.
Adjusted earnings per share are expected to be in the range of $2.50 to $2.65, reflecting year-over-year growth of 9.2% to 15.7%.
Other Stocks to Consider
Until any further upward revision in the rating of Wolverine, other stocks in the same industry worth considering include Skechers USA Inc. ( SKX ) carrying a Zacks Rank #1 (Strong Buy) and Adidas AG ( ADDYY ) carrying a Zacks Rank #2 (Buy).
ADIDAS AG-ADR (ADDYY): Get Free 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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Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), reported consolidated net sales of $652.2 million, up 60.5% year over year but missed the Zacks Consensus Estimate of $655 million. ADIDAS AG-ADR (ADDYY): Get Free 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. During the quarter, Wolverine sealed the previously announced acquisition of Collective Brands' Performance + Lifestyle Group (PLG) unit for $1.25 billion.
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ADIDAS AG-ADR (ADDYY): Get Free 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. Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), reported consolidated net sales of $652.2 million, up 60.5% year over year but missed the Zacks Consensus Estimate of $655 million. Gross profit (including PLG acquisition) jumped 59.4% year over year to $239.3 million during the quarter, whereas gross margin contracted 20 basis points to 36.7%.
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Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), reported consolidated net sales of $652.2 million, up 60.5% year over year but missed the Zacks Consensus Estimate of $655 million. ADIDAS AG-ADR (ADDYY): Get Free 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. Coming to the operating groups, revenues inched up 1.7% year over year to $143.5 million for Outdoor, while it increased 7.9% year over year to $170.8 million for Heritage.
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Wolverine, which competes with Deckers Outdoor Corporation ( DECK ), reported consolidated net sales of $652.2 million, up 60.5% year over year but missed the Zacks Consensus Estimate of $655 million. ADIDAS AG-ADR (ADDYY): Get Free 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. Coming to the operating groups, revenues inched up 1.7% year over year to $143.5 million for Outdoor, while it increased 7.9% year over year to $170.8 million for Heritage.
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32636d82-45fd-4d59-b776-03a892fb983c
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724769.0
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2013-02-14 00:00:00 UTC
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Skechers Beats Zacks' Expectations - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-beats-zacks-expectations-analyst-blog-2013-02-14
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nan
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nan
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Skechers USA Inc. 's ( SKX ) fourth-quarter 2012 earnings came in at 8 cents a share that fared far better than a loss of 54 cents delivered in the prior-year quarter and the Zacks Consensus Estimate of a loss of 11 cents on the back of growth witnessed across domestic wholesale, international, and company-operated retail businesses.
With more emphasis on the new line of products, increase in backlog by 20% for domestic and international wholesale operations, cost containment efforts, inventory management and margin improvement, the company anticipates sustaining the growth momentum in 2013.
Let's Unveil the Picture
Skechers, which competes with Deckers Outdoor Corporation ( DECK ), stated that total net sales for the quarter surged 39.7% to $395.6 million from the prior-year quarter, reflecting healthy performance across all revenue channels. Moreover, total revenue outpaced the Zacks Consensus Estimate of $342 million.
The domestic wholesale business marked an elevation of 72%, reflecting an increase of 9.8% in price per pair and a jump of 56.8% in pairs shipped coupled with strong performance across men's, women's and kids' divisions.
Skechers' international business surged 30% on the back of 17% growth in international distributor business and a 40.5% rise in international subsidiary and joint venture sales. The tough macroeconomic conditions weighed upon the company's performance in Spain and Italy. However, Italy is now witnessing soft recovery. Europe, Pan-Asia region (including Japan), Philippines, South Korea, Taiwan, Australia/New Zealand, Middle East and Africa all showed growth momentum.
On a combined basis, retail business sales grew 16.2%, whereas comparable-store sales advanced 10.3%. Domestic retail sales rose 16.6% due to the addition of 5 new stores, while comparable-store sales increased 9.9%. International retail sales jumped 14%, reflecting the healthy performance of 3 new stores, whereas comparable-store sales climbed 12.6%.
The company's licensing division has been another source of revenue, whereby the company licenses its name and images. The company generated $2.6 million in revenue during the quarter from its licensing affiliates, which includes apparel, eyewear, backpacks, and socks.
Another highlight of the quarter was 39.4% rise in sales from the company's e-Commerce division. Though the company uses it as a marketing tool, the division remains successful in driving incremental sales during the quarter. The company operates 3 e-Commerce websites, in the U.S., UK and Germany.
The quarter exhibited a marked improvement in gross profit, which soared 50% to $168.5 million, whereas gross margin expanded 280 basis points to 42.6%. The increase was due to higher sales volume, enhanced inventory and contemporary products.
Stores Update
Skechers had 354 retail stores under operation at the end of the fourth quarter. The company during the quarter opened 1 store each in Puerto Rico, Texas, Utah, and Ariz., and 2 outlets in Calif. The company also opened 3 locations in Chile, taking the total count to 21, and shuttered 1 outlet in Ariz. So far, in the first quarter of 2013, the company has shuttered 6 stores, and plans to open 4 new stores and close 2 more outlets. The company's 2013 target includes opening of 30 to 35 company-operated locations.
At the end of the quarter, the company operated 106 outlets under joint ventures in Asia, including stores operated by licensees, 257 distributor-owned or licensed Skechers retail stores globally, and 21 company-licensed locations in Canada, Spain, Portugal, Ireland, and the Netherlands.
During the quarter, Skechers' under its joint ventures and through its franchisees and distributors, opened 32 outlets, which included 1 each in Australia, U.A.E., Oman, Aruba, Estonia, South Africa, Ukraine, Serbia, Malaysia, Singapore, Thailand and Canada; 2 each in Mexico, Taiwan, Colombia and South Korea; 3 in Hong Kong; and 4 in Saudi Arabia. The company shuttered 5 outlets in the quarter, one each in the U.A.E., Estonia and Venezuela, and the remaining 2 in Spain.
Strategic Initiatives
Management remains committed to focus on new lines of products, opening of additional Skechers stores and increasing distribution channels with the development of international distribution agreements to boost its sales and profitability. Moreover, international business remains a significant growth driver for the company's sales. Skechers, through its distribution networks, subsidiaries and joint ventures, is poised to enhance its global reach in the footwear market.
The company also increased its product offerings under the Performance Division from a single style, Skechers GOrun to Skechers GOwalk, Skechers GOrun Ride, and Skechers GOrun2. The company has also introduced Daddy's Money for Juniors and SKCH+3 product lines.
Other Financial Aspects
Skechers ended the quarter with cash and cash equivalents of $325.8 million, total long-term debt of $140.2 million and shareholders' equity of $919.1 million, including non-controlling interest of $43.1 million. Capital expenditures for the quarter were approximately $24.3 million.
Zacks Rank forSkechers
Currently, Skechers carries a Zacks Rank #3 (Hold). However, there are certain other stocks in the consumer discretionary sector that warrant a look, such as Nike Inc . ( NKE ) and Francesca's Holdings Corporation ( FRAN ), both of which hold a Zacks Rank #2 (Buy) and are expected to continue with their upbeat performances.
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
FRANCESCAS HLDG (FRAN): 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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Let's Unveil the Picture Skechers, which competes with Deckers Outdoor Corporation ( DECK ), stated that total net sales for the quarter surged 39.7% to $395.6 million from the prior-year quarter, reflecting healthy performance across all revenue channels. DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): 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. With more emphasis on the new line of products, increase in backlog by 20% for domestic and international wholesale operations, cost containment efforts, inventory management and margin improvement, the company anticipates sustaining the growth momentum in 2013.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): 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. Let's Unveil the Picture Skechers, which competes with Deckers Outdoor Corporation ( DECK ), stated that total net sales for the quarter surged 39.7% to $395.6 million from the prior-year quarter, reflecting healthy performance across all revenue channels. Skechers USA Inc. 's ( SKX ) fourth-quarter 2012 earnings came in at 8 cents a share that fared far better than a loss of 54 cents delivered in the prior-year quarter and the Zacks Consensus Estimate of a loss of 11 cents on the back of growth witnessed across domestic wholesale, international, and company-operated retail businesses.
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Let's Unveil the Picture Skechers, which competes with Deckers Outdoor Corporation ( DECK ), stated that total net sales for the quarter surged 39.7% to $395.6 million from the prior-year quarter, reflecting healthy performance across all revenue channels. DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): 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. At the end of the quarter, the company operated 106 outlets under joint ventures in Asia, including stores operated by licensees, 257 distributor-owned or licensed Skechers retail stores globally, and 21 company-licensed locations in Canada, Spain, Portugal, Ireland, and the Netherlands.
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Let's Unveil the Picture Skechers, which competes with Deckers Outdoor Corporation ( DECK ), stated that total net sales for the quarter surged 39.7% to $395.6 million from the prior-year quarter, reflecting healthy performance across all revenue channels. DECKERS OUTDOOR (DECK): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): 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. Skechers' international business surged 30% on the back of 17% growth in international distributor business and a 40.5% rise in international subsidiary and joint venture sales.
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e9354f5a-3a44-4127-a0fb-db8f9235a706
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724770.0
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2013-02-07 00:00:00 UTC
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3 Incredibly Cheap Stocks Could be the Best Rebounds of 2013
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DECK
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https://www.nasdaq.com/articles/3-incredibly-cheap-stocks-could-be-best-rebounds-2013-2013-02-07-0
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nan
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It's always helpful to keep an eye on losingstocks . Whether it's a scan of the stocks making fresh 52-week lows, or a screen for stocks that have fallen sharply in recentquarters , you may come across tomorrow's winning trades.
Case in point:Shares of Netflix (Nasdaq: NFLX ) , which saw its shares slump from $300 in the summer of 2011 to just $60 a year later. Snapping up this losingstock in the fall of 2012, when most investors were fleeing, turned out to be a wise move as shares have rebounded a stunning 200% -- in less than five months.
The 10 Worst Performers of the Past 12 Months*
*representing stocks in the S&P 500 and S&P 400
Here's a look at three deeply-bruised stocks that have serious rebound potential in 2013.
1. Cliffs Natural Resources (NYSE: CLF )
In October 2012, I profiled three stocks that possessed a solid mix of growth, income and value.
And while Bunge (NYSE: BG ) and Principal Financial Group (NYSE: PFG ) have each risen nearly 20% since then, mining firm Cliffs Natural Resources has seen its stock fall roughly 8%.
Managementwill discuss quarterly results on Wednesday, Feb. 13, when you'll hear alot about recent decisions to write off a number ofbalance sheet assets.Book value stood at $6.3 billion before those write-downs, but likely still stands above the current $5.2 billionmarket value .
Equally important, management is expected to reiterate its commitment to the currentdividend . Some investors were expecting the $2.50 a share payout to be slashed, but as the dividend looks increasingly safe, investors will likely takenote of the current juicydividend yield of nearly 7%
2. Deckers Outdoors (Nasdaq: DECK )
This maker of footwear and apparel saw its shares plunge 74% from late 2011 to about $30 a year later. A recent rebound to $42 doesn't begin to reflect the potential for this one-time highflier.
Theturnaround is predicated on a second-life for the company's UGG line of winter boots, which accounts for more than 80% of company sales. Investors grew concerned that these high-end products represented a fad that had ended.
You can see those concerns right on the company'sbottom line :earnings fell nearly 34% from 2011 to about $3.30 a share in 2012 (full-year results will be released on Tuesday, Feb. 19). But it looks to have been premature to write off the UGG line of boots. They still likely accounted for roughly $1.2 billion in sales in 2012, and based on recent ordering trends, sales should be modestly higher in 2013.
In addition, the price of sheep-skin, a key raw material, is coming back down after a sharp spike a year ago (which partially explains theprofit drop in 2012). Althoughanalysts predict company-wide sales will grow a modest 5% in 2013 (to roughly $1.5 billion), they expect the lower sheep-skin costs to help earnings grow more than 10% to nearly $3.70. Shares trade for just 11 times that forecast.
To be sure, this stock is unlikely to revisit the $100 mark any time soon. The days of robust top-line growth have likely passed. But as the UGG boots hold their own in the United States and continue to gain traction in (frigid)emerging markets , this company is likely to produce steady top- and bottom-line growth. The now-reasonable forwardmultiple has created a solid entry point for long-term investors.
3. Joy Global (NYSE: JOY )
This manufacturer of mining equipment was riding high a year ago on the heels of a robust outlook forcommodity prices and international mining trends. Yet during the course of 2012, it became increasingly apparent that many mining firms planned to throttle back capital spending in the near-term to boostfree cash flow . This sentiment has pushed this stock down from $90 a year ago to a recent $60.
It's crucial to think of Joy Global as a "late-cycle" play as its order book always rises sharply when the global economic outlook strengthens (leading to an upsurge in mining activity in tandem). Still, it's easy to fixate on Joy Global's near-term challenges: Per-share profits are expected to fall roughly 15% in 2013 to about $6.25. Yet analysts at Goldman Sachs predict that "tightening commodity supply-demand balances over the course of 2013 will drive visibility on a modest 2014capex recovery." They expect earnings to rebound to above $7 a share in fiscal (October) 2014.
And as we head toward mid-decade, this "late cycle" play should really start to hits its stride. Goldman sees earnings per share approaching $9.
Joy Global's technical picture may be brightening a bit as well. Shares appear to have bottomed around $50 in the summer and have been moving into a higher trading range. Look for more details on the near-term and long-term outlook from management when 2013 fiscal first-quarter results are released at the end of February.
Risks to Consider: All three of these stocks must post a string of solid quarters before investors will regain trust, so they may take some to rebound.
Action to Take --> AsWarren Buffett oftennotes , you only makemoney in unloved, out-of-favor stocks. Each of these stocks were in vogue just a year or two ago, and simply can't be written off as long-term losers. When each of these companies delivers quarterly results in coming weeks, investors will have a fresh chance to assess their prospects, and perhaps jump in before the crowd returns.
-- David Sterman
David Sterman does not personally hold positions in any securities mentioned in this article. StreetAuthority LLC does not hold positions in any securities mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2010 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoors (Nasdaq: DECK ) This maker of footwear and apparel saw its shares plunge 74% from late 2011 to about $30 a year later. Managementwill discuss quarterly results on Wednesday, Feb. 13, when you'll hear alot about recent decisions to write off a number ofbalance sheet assets.Book value stood at $6.3 billion before those write-downs, but likely still stands above the current $5.2 billionmarket value . In addition, the price of sheep-skin, a key raw material, is coming back down after a sharp spike a year ago (which partially explains theprofit drop in 2012).
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Deckers Outdoors (Nasdaq: DECK ) This maker of footwear and apparel saw its shares plunge 74% from late 2011 to about $30 a year later. And while Bunge (NYSE: BG ) and Principal Financial Group (NYSE: PFG ) have each risen nearly 20% since then, mining firm Cliffs Natural Resources has seen its stock fall roughly 8%. -- David Sterman David Sterman does not personally hold positions in any securities mentioned in this article.
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Deckers Outdoors (Nasdaq: DECK ) This maker of footwear and apparel saw its shares plunge 74% from late 2011 to about $30 a year later. Case in point:Shares of Netflix (Nasdaq: NFLX ) , which saw its shares slump from $300 in the summer of 2011 to just $60 a year later. Some investors were expecting the $2.50 a share payout to be slashed, but as the dividend looks increasingly safe, investors will likely takenote of the current juicydividend yield of nearly 7% 2.
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Deckers Outdoors (Nasdaq: DECK ) This maker of footwear and apparel saw its shares plunge 74% from late 2011 to about $30 a year later. The 10 Worst Performers of the Past 12 Months* *representing stocks in the S&P 500 and S&P 400 Here's a look at three deeply-bruised stocks that have serious rebound potential in 2013. Joy Global (NYSE: JOY ) This manufacturer of mining equipment was riding high a year ago on the heels of a robust outlook forcommodity prices and international mining trends.
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72d14876-bbdc-4a6d-a5c8-a21f0dc7d782
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724771.0
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2012-12-28 00:00:00 UTC
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Company News for December 28, 2012 - Corporate Summary
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DECK
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https://www.nasdaq.com/articles/company-news-for-december-28-2012-corporate-summary-2012-12-28
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nan
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• Deckers Outdoor Corp. (NASDAQ: DECK ) surged 9.3% following a report that its iconic Ugg boots witnessed encouraging sales during holiday season
• Shares of Expedia Inc. (NASDAQ: EXPE ) gained 4.1% on Thursday, a day after Standard & Poor's stated that the company's credit rating will not be affected by its purchase of a stake in hotel search website Trivago
• Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR ) plunged 7.1% after insurance firm Blue Cross Blue Shield announced that coverage will not be provided on Acthar Gel other than for infantile spasm
• Shares of Smith & Wesson Holding Corporation (NASDAQ: SWHC ) rose 3.8% after the gun manufacturer announced it will buy back an additional $15 million shares by June 30, 2013
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
EXPEDIA INC (EXPE): Free Stock Analysis Report
QUESTCOR PHARMA (QCOR): Free Stock Analysis Report
SMITH & WESSON (SWHC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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. (NASDAQ: DECK ) surged 9.3% following a report that its iconic Ugg boots witnessed encouraging sales during holiday season • Shares of Expedia Inc. (NASDAQ: EXPE ) gained 4.1% on Thursday, a day after Standard & Poor's stated that the company's credit rating will not be affected by its purchase of a stake in hotel search website Trivago • Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR ) plunged 7.1% after insurance firm Blue Cross Blue Shield announced that coverage will not be provided on Acthar Gel other than for infantile spasm • Shares of Smith & Wesson Holding Corporation (NASDAQ: SWHC ) rose 3.8% after the gun manufacturer announced it will buy back an additional $15 million shares by June 30, 2013 DECKERS OUTDOOR (DECK): Free Stock Analysis Report EXPEDIA INC (EXPE): Free Stock Analysis Report QUESTCOR PHARMA (QCOR): Free Stock Analysis Report SMITH & WESSON (SWHC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment 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. (NASDAQ: DECK ) surged 9.3% following a report that its iconic Ugg boots witnessed encouraging sales during holiday season • Shares of Expedia Inc. (NASDAQ: EXPE ) gained 4.1% on Thursday, a day after Standard & Poor's stated that the company's credit rating will not be affected by its purchase of a stake in hotel search website Trivago • Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR ) plunged 7.1% after insurance firm Blue Cross Blue Shield announced that coverage will not be provided on Acthar Gel other than for infantile spasm • Shares of Smith & Wesson Holding Corporation (NASDAQ: SWHC ) rose 3.8% after the gun manufacturer announced it will buy back an additional $15 million shares by June 30, 2013 DECKERS OUTDOOR (DECK): Free Stock Analysis Report EXPEDIA INC (EXPE): Free Stock Analysis Report QUESTCOR PHARMA (QCOR): Free Stock Analysis Report SMITH & WESSON (SWHC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment 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. (NASDAQ: DECK ) surged 9.3% following a report that its iconic Ugg boots witnessed encouraging sales during holiday season • Shares of Expedia Inc. (NASDAQ: EXPE ) gained 4.1% on Thursday, a day after Standard & Poor's stated that the company's credit rating will not be affected by its purchase of a stake in hotel search website Trivago • Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR ) plunged 7.1% after insurance firm Blue Cross Blue Shield announced that coverage will not be provided on Acthar Gel other than for infantile spasm • Shares of Smith & Wesson Holding Corporation (NASDAQ: SWHC ) rose 3.8% after the gun manufacturer announced it will buy back an additional $15 million shares by June 30, 2013 DECKERS OUTDOOR (DECK): Free Stock Analysis Report EXPEDIA INC (EXPE): Free Stock Analysis Report QUESTCOR PHARMA (QCOR): Free Stock Analysis Report SMITH & WESSON (SWHC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment 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. (NASDAQ: DECK ) surged 9.3% following a report that its iconic Ugg boots witnessed encouraging sales during holiday season • Shares of Expedia Inc. (NASDAQ: EXPE ) gained 4.1% on Thursday, a day after Standard & Poor's stated that the company's credit rating will not be affected by its purchase of a stake in hotel search website Trivago • Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR ) plunged 7.1% after insurance firm Blue Cross Blue Shield announced that coverage will not be provided on Acthar Gel other than for infantile spasm • Shares of Smith & Wesson Holding Corporation (NASDAQ: SWHC ) rose 3.8% after the gun manufacturer announced it will buy back an additional $15 million shares by June 30, 2013 DECKERS OUTDOOR (DECK): Free Stock Analysis Report EXPEDIA INC (EXPE): Free Stock Analysis Report QUESTCOR PHARMA (QCOR): Free Stock Analysis Report SMITH & WESSON (SWHC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment 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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724772.0
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2012-12-27 00:00:00 UTC
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Mid-Morning Market Update: Markets Falling, Deckers Rises
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DECK
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-falling-deckers-rises-2012-12-27
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nan
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Following the market opening Thursday, the Dow traded down 0.74 percent to 13,018.13 while the NASDAQ fell 0.72 percent to 2,968.72. The S&P also fell, decreasing 0.71 percent to 1,409.25.
Top Headline
With markets quiet from holiday absences, debate over the fiscal cliff continues in Washington with little to no progress. As the deadline approaches for both the debt ceiling and the fiscal cliff, markets are becoming more skeptical of a solution in the near future.
Equities Trading UP
Deckers Outdoor (NASDAQ: DECK ) saw a 6.68 percent boost to $37.21 after a Sterne Agee report came out saying that UGG sales would be up in the second half of 2013.
Shares of Chemtura (NYSE: CHMT ) were also up, gaining 4.75 percent to $21.41 following an upgrade at Longbow to Buy.
Smith & Wesson (NASDAQ: SWHC ) traded up 4.84 percent to $8.35 after the company announced it would be boosting its stock buyback plan.
Equities Trading DOWN
Windstream (NASDAQ: WIN ) took a hit in early trading, falling 1.62 percent to $8.26 after the company hit the ex dividend date for its yearly dividend today.
Marvell Technology (NASDAQ: MRVL ) continued its fall from yesterday, dropping another 3.11 percent to $7.17 this morning on the jury ruling that it had infringed on Carnegie Mellon's patents and a subsequent downgrade at JMP Securities.
Georgia Gulf (NYSE: GGC ) was also down, falling 2.51 percent to $40.77 after a fire in a Louisiana plant.
Commodities
In commodity news, oil traded up 0.20 percent to $91.16, while gold traded down 0.22 percent to $1,657.80.
Silver traded up 0.12 percent Thursday to $30.16.
Eurozone
In the Euro zone this morning, markets reopened after the break for boxing day. The results were mixed with Spanish shares falling while Italian, German, French, and U.K. shares rose.
Economics
In economic news Thursday morning, initial jobless claims were reported at 350.0 thousand, below the expected 360.0 thousand and the prior report of 362.0 thousand.
Continuing claims were reported as well, coming in at 3.206 million, edging higher than the expected 3.20 million, but remaining below the previous release of 3.225 million.
New home sales month over month came in at 4.4 percent, well above the anticipated 3.3 percent and the prior report of -3.5 percent.
Finally, CB consumer confidence came in at 65.10, below the projected 70.00 and the prior report of 71.50.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) saw a 6.68 percent boost to $37.21 after a Sterne Agee report came out saying that UGG sales would be up in the second half of 2013. Smith & Wesson (NASDAQ: SWHC ) traded up 4.84 percent to $8.35 after the company announced it would be boosting its stock buyback plan. Marvell Technology (NASDAQ: MRVL ) continued its fall from yesterday, dropping another 3.11 percent to $7.17 this morning on the jury ruling that it had infringed on Carnegie Mellon's patents and a subsequent downgrade at JMP Securities.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) saw a 6.68 percent boost to $37.21 after a Sterne Agee report came out saying that UGG sales would be up in the second half of 2013. Equities Trading DOWN Windstream (NASDAQ: WIN ) took a hit in early trading, falling 1.62 percent to $8.26 after the company hit the ex dividend date for its yearly dividend today. Economics In economic news Thursday morning, initial jobless claims were reported at 350.0 thousand, below the expected 360.0 thousand and the prior report of 362.0 thousand.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) saw a 6.68 percent boost to $37.21 after a Sterne Agee report came out saying that UGG sales would be up in the second half of 2013. Following the market opening Thursday, the Dow traded down 0.74 percent to 13,018.13 while the NASDAQ fell 0.72 percent to 2,968.72. Commodities In commodity news, oil traded up 0.20 percent to $91.16, while gold traded down 0.22 percent to $1,657.80.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) saw a 6.68 percent boost to $37.21 after a Sterne Agee report came out saying that UGG sales would be up in the second half of 2013. Following the market opening Thursday, the Dow traded down 0.74 percent to 13,018.13 while the NASDAQ fell 0.72 percent to 2,968.72. Shares of Chemtura (NYSE: CHMT ) were also up, gaining 4.75 percent to $21.41 following an upgrade at Longbow to Buy.
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60dc4028-2740-4af3-ac47-be7a1978b86f
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724773.0
|
2012-12-27 00:00:00 UTC
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Mid-Day Market Update: Markets Go Lower, Multi Level Marketing Companies Rally
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DECK
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https://www.nasdaq.com/articles/mid-day-market-update-markets-go-lower-multi-level-marketing-companies-rally-2012-12-27
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nan
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nan
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Midway through trading Thursday, the Dow traded down 0.82 percent to 13,006.13 while the NASDAQ fell 1.03 percent to 2,959.72. The S&P also fell, decreasing 0.92 percent to 1,406.25.
Top Headline
With markets quiet from holiday absences, debate over the fiscal cliff continues in Washington with little to no progress. As the deadline approaches for both the debt ceiling and the fiscal cliff, markets are becoming more skeptical of a solution in the near future.
Equities Trading UP
Deckers Outdoor (NASDAQ: DECK ) saw a 8.09 percent boost to $37.70 after a Sterne Agee report came out saying that UGG sales would be up in the second half of 2013.
Shares of Nu Skin (NYSE: NUS ) gained 5.21 percent to $34.93 on a relief rally as Herbalife and other multi level marketing companies regained some of their losses.
Smith & Wesson (NASDAQ: SWHC ) traded up 2.64 percent to $8.17 after the company announced it would be boosting its stock buyback plan.
Equities Trading DOWN
AK Stell (NYSE: AKS ) fell 5.87 percent to $4.33, possibly a technical fall.
Questcor Pharmaceuticals (NASDAQ: QCOR ) was also down, falling 6.59 percent to $27.93 after a Seeking Alpha article reported that Blue Cross Blue Shield had denied coverage of Acthar.
Shares of J.C. Penney (NYSE: JCP ) were down as well, falling steadily throughout the day, down 6.55 percent to $19.39 as news of poor holiday sales across the board took hold with traders.
Commodities
In commodity news, oil traded down 0.59 percent to $90.44, while gold traded up 0.25 percent to $1,664.80.
Silver traded up 0.29 percent Thursday to $30.33.
Euro zone
In the Euro zone this morning, markets reopened after the break for boxing day. The results were mixed with Spanish shares falling while Italian, German, French, and U.K. shares rose.
Economics
In economic news Thursday morning, initial jobless claims were reported at 350.0 thousand, below the expected 360.0 thousand and the prior report of 362.0 thousand.
Continuing claims were reported as well, coming in at 3.206 million, edging higher than the expected 3.20 million, but remaining below the previous release of 3.225 million.
New home sales month over month came in at 4.4 percent, well above the anticipated 3.3 percent and the prior report of -3.5 percent.
Finally, CB consumer confidence came in at 65.10, below the projected 70.00 and the prior report of 71.50.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) saw a 8.09 percent boost to $37.70 after a Sterne Agee report came out saying that UGG sales would be up in the second half of 2013. Shares of Nu Skin (NYSE: NUS ) gained 5.21 percent to $34.93 on a relief rally as Herbalife and other multi level marketing companies regained some of their losses. Shares of J.C. Penney (NYSE: JCP ) were down as well, falling steadily throughout the day, down 6.55 percent to $19.39 as news of poor holiday sales across the board took hold with traders.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) saw a 8.09 percent boost to $37.70 after a Sterne Agee report came out saying that UGG sales would be up in the second half of 2013. Equities Trading DOWN AK Stell (NYSE: AKS ) fell 5.87 percent to $4.33, possibly a technical fall. Euro zone In the Euro zone this morning, markets reopened after the break for boxing day.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) saw a 8.09 percent boost to $37.70 after a Sterne Agee report came out saying that UGG sales would be up in the second half of 2013. Midway through trading Thursday, the Dow traded down 0.82 percent to 13,006.13 while the NASDAQ fell 1.03 percent to 2,959.72. Commodities In commodity news, oil traded down 0.59 percent to $90.44, while gold traded up 0.25 percent to $1,664.80.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) saw a 8.09 percent boost to $37.70 after a Sterne Agee report came out saying that UGG sales would be up in the second half of 2013. Midway through trading Thursday, the Dow traded down 0.82 percent to 13,006.13 while the NASDAQ fell 1.03 percent to 2,959.72. New home sales month over month came in at 4.4 percent, well above the anticipated 3.3 percent and the prior report of -3.5 percent.
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ad61f47b-886a-48b1-a358-a9592523d5ab
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724774.0
|
2012-12-03 00:00:00 UTC
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This Stock is up 400% -- and the Ride Isn't Over Yet
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DECK
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https://www.nasdaq.com/articles/stock-400-and-ride-isnt-over-yet-2012-12-03
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nan
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nan
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Contrary to clothing companies, which tend to have a steady flow of customers, footwear companies come in and out of vogue. Far too many companies place their efforts on trying to attract the highly profitable teen niche. Yet trying to appease a capricious teenager's taste is an uphill battle. While this retail segment is highly lucrative, it's challenging because fashion tastes for this demographic are unpredictable and change far too frequently. Originality is very important to teens, making them perhaps the most fickle customer group in the world.
Even shoe companies with broad appeal have a tough go as fashion trends change in a heartbeat. Consumers in general change like the wind -- people get bored of old styles quickly, which can significantly affect the profitability of a footwear company. Think of all the shoe styles that have come and gone -- Deckers Outdoors Corp. (Nasdaq: DECK) with its Ugg brand or Sketchers USA ( SKX ) with its recent high-top wedge sneakers. And don't forget about Crocs (Nasdaq: CROX) , which seemed to go from hero to zero in no time.
These stocks have been through quite the roller-coaster ride during the past five years, having to operate in a tougheconomy while catering to customers with inconsistent preferences. Just take a look at the journey these three footwear companies have made and youwill see what Imean ...
Simply put, when you are trendy your stock soars, but when tastes change you can crash and burn. But I recently found a footwear company that has been able to buck the trend in a big way. Despite a tough economy during the past five years, this stock has delivered positive returns for its shareholders, growing almost 400%. In fact, it'is up nearly 30% in 2012 alone, while competitors have seenshares fall 20-50% or more.
Self-touted as the most successful shoe designer in the United States, Steve Madden (Nasdaq: SHOO) designs trendsetting footwear and accessories often found in upscale department stores targeted toward a demographic of young-adult consumers.
The company was founded 22 years ago, when Founder Steve Madden spent just $1,100 to create his shoe designs. Today, his $2 billion company encompassesmultiple brands and products from clothes to eyewear, hosiery and handbags, among other things.
Years of growth and no debt
Steve Madden is a very stable stock that's been able to improveearnings steadily throughout the years. From the tough times of 2009 through the end of 2011, the company increased its earnings by 100% to $100 million. During this amazing growth trajectory, Steve Madden has been rewarding shareholders with 20% average annual returns and average earnings of $1.66 per share during the past five years.
The best part about this stock is it still has plenty of room to grow. Its international division accounted for only 4% ofnet sales ($39.4 million) in 2011. This represents a huge opportunity for growth in the future as the company continues to expand its product lines and amount of store locations in the United States and internationally. In addition, while Madden's women division accounted for 29% of net sales, its men's division only accounted for 8% of total sales, a major area for growth and improvement.
Though this stock has clearly bucked the trend the past five years, it is not immune to downturns in consumer spending. Higher-priced shoes like Madden's can see slower sales in tough economic conditions. Additionally, consumer style preferences can change at any time. If Steve Madden's signature look went out of style or if the company failed to adapt, then the stock could suffer the up-and-down fate of competitors.
Action to Take --> Given this amazing growth trajectory and strong prospects, buy Steve Madden up to $47 a share. This stock should hit $55-$60 within the next 12 months. It is undervalued compared to many others in the footwear space, with a price-to-earnings (P/E ) ratio of 18.6, compared with the industry average of 20. Profit margins of almost 14% are higher than the industry's average of roughly 9%, and with no debt, Steve Madden is surely crushing the competition.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2016 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Think of all the shoe styles that have come and gone -- Deckers Outdoors Corp. (Nasdaq: DECK) with its Ugg brand or Sketchers USA ( SKX ) with its recent high-top wedge sneakers. Consumers in general change like the wind -- people get bored of old styles quickly, which can significantly affect the profitability of a footwear company. This represents a huge opportunity for growth in the future as the company continues to expand its product lines and amount of store locations in the United States and internationally.
|
Think of all the shoe styles that have come and gone -- Deckers Outdoors Corp. (Nasdaq: DECK) with its Ugg brand or Sketchers USA ( SKX ) with its recent high-top wedge sneakers. Self-touted as the most successful shoe designer in the United States, Steve Madden (Nasdaq: SHOO) designs trendsetting footwear and accessories often found in upscale department stores targeted toward a demographic of young-adult consumers. During this amazing growth trajectory, Steve Madden has been rewarding shareholders with 20% average annual returns and average earnings of $1.66 per share during the past five years.
|
Think of all the shoe styles that have come and gone -- Deckers Outdoors Corp. (Nasdaq: DECK) with its Ugg brand or Sketchers USA ( SKX ) with its recent high-top wedge sneakers. Self-touted as the most successful shoe designer in the United States, Steve Madden (Nasdaq: SHOO) designs trendsetting footwear and accessories often found in upscale department stores targeted toward a demographic of young-adult consumers. Years of growth and no debt Steve Madden is a very stable stock that's been able to improveearnings steadily throughout the years.
|
Think of all the shoe styles that have come and gone -- Deckers Outdoors Corp. (Nasdaq: DECK) with its Ugg brand or Sketchers USA ( SKX ) with its recent high-top wedge sneakers. But I recently found a footwear company that has been able to buck the trend in a big way. Years of growth and no debt Steve Madden is a very stable stock that's been able to improveearnings steadily throughout the years.
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38c214d0-6af2-4fde-a88b-66a48789c593
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724775.0
|
2012-12-03 00:00:00 UTC
|
Mid-Morning Market Update: Markets Rise, Dell Reaps Benefits of Goldman Upgrade
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DECK
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-rise-dell-reaps-benefits-goldman-upgrade-2012-12-03
|
nan
|
nan
|
Following the market opening Monday, the Dow traded down 0.11 percent to 13,011.30 while the NASDAQ rose 0.27 percent to 3,018.25. The S&P also rose, increasing 0.07 percent to 1,417.21.
Top Headline
Shocking investors this morning was a Goldman Sachs report on Dell (NASDAQ: DELL ) this morning, upgrading the company two levels from Sell to Buy. The upgrade cited a fully adjusted market price to the currently weak PC market, and caused the company to rally almost 7 percent on massive volume following the market opening.
Equities Trading UP
Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 7.00 percent to $40.97 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65.
Shares of Supervalu (NYSE: SVU ) rose 7.77 percent to $2.57 after Bloomberg reported that the company's talks with Cerberus had started again.
Longwei Petroleum Investment Holding (NYSE: LPH ) was also up, gaining 7.32 percent to $2.64 following the expiration of the company's warrants Monday morning.
Equities Trading DOWN
Health Management Associates (NYSE: HMA ) fell 5.35 percent following the market opening Monday to $7.53 after a scathing piece in 60 minutes painted the company in a bad light.
Emulex (NYSE: ELX ) was also down, falling 4.76 percent to $7.00 after it was downgraded to Sell from Neutral at Goldman Sachs.
Shares of SunCoke Energy (NYSE: SXC ) were down as well, dropping 8.37 percent to $14.89 following the announcement Friday that the company had elected to defer its IPO of its subsidiary.
Commodities
In commodity news, oil traded up 1.25 percent to $90.02, while gold traded up 0.36 percent to $1,717.00.
Silver traded down 0.43 percent Friday to $33.64.
Eurozone
In the eurozone this morning, news came out saying that EUN ministers may be able to reach an ECB oversight deal by December 4th. Germany's Wolfgang Schauble was quoted saying the that Greek debate was not simple in Germany, continuing that the crisis resolution course must be step by step.
Over all, European markets were up across the board this morning following the release of manufacturing PMI's, and seemingly ignored the downgrade of the bailout funds.
Economics
In economic news Monday morning, construction spending was reported at 1.4 percent, above the expected 0.5 percent and the prior release of 0.6 percent.
Markit PMI was also reported, coming in at 52.8, slightly above the projected 52.1 and the previous report of 52.4.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 7.00 percent to $40.97 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65. Longwei Petroleum Investment Holding (NYSE: LPH ) was also up, gaining 7.32 percent to $2.64 following the expiration of the company's warrants Monday morning. Equities Trading DOWN Health Management Associates (NYSE: HMA ) fell 5.35 percent following the market opening Monday to $7.53 after a scathing piece in 60 minutes painted the company in a bad light.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 7.00 percent to $40.97 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65. Following the market opening Monday, the Dow traded down 0.11 percent to 13,011.30 while the NASDAQ rose 0.27 percent to 3,018.25. Top Headline Shocking investors this morning was a Goldman Sachs report on Dell (NASDAQ: DELL ) this morning, upgrading the company two levels from Sell to Buy.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 7.00 percent to $40.97 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65. Following the market opening Monday, the Dow traded down 0.11 percent to 13,011.30 while the NASDAQ rose 0.27 percent to 3,018.25. Commodities In commodity news, oil traded up 1.25 percent to $90.02, while gold traded up 0.36 percent to $1,717.00.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 7.00 percent to $40.97 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65. Following the market opening Monday, the Dow traded down 0.11 percent to 13,011.30 while the NASDAQ rose 0.27 percent to 3,018.25. The upgrade cited a fully adjusted market price to the currently weak PC market, and caused the company to rally almost 7 percent on massive volume following the market opening.
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db380c8c-1d8c-48c7-89bc-abe08e812758
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724776.0
|
2012-12-03 00:00:00 UTC
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Pre-Market Most Active for Dec 3, 2012 : BAC, FB, EBR/B, DELL, CAJ, RIMM, NOK, QQQ, GY, SIRI, PBR, DECK
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DECK
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https://www.nasdaq.com/articles/pre-market-most-active-dec-3-2012-bac-fb-ebrb-dell-caj-rimm-nok-qqq-gy-siri-pbr-deck-2012
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 9.45 to 2,687.33. The total Pre-Market volume is currently 8,053,606 shares traded.
The following are the most active stocks for the pre-market session :
Bank of America Corporation ( BAC ) is +0.06 at $9.92, with 2,167,187 shares traded. BAC's current last sale is 90.18% of the target price of $11.
Facebook, Inc. ( FB ) is +0.08 at $28.08, with 1,061,110 shares traded. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Centrais Elc Braz Pfb B Elbras (EBR/B) is -0.1803 at $4.58, with 680,000 shares traded.
Dell Inc. ( DELL ) is +0.49 at $10.13, with 615,726 shares traded. DELL's current last sale is 90.04% of the target price of $11.25.
Canon, Inc. ( CAJ ) is +0.7376 at $35.92, with 362,313 shares traded. As reported in the last short interest update the days to cover for CAJ is 7.785247; this calculation is based on the average trading volume of the stock.
Research in Motion Limited ( RIMM ) is -0.2 at $11.40, with 283,554 shares traded. RIMM's current last sale is 142.5% of the target price of $8.
Nokia Corporation ( NOK ) is +0.06 at $3.32, with 206,711 shares traded. As reported in the last short interest update the days to cover for NOK is 10.843323; this calculation is based on the average trading volume of the stock.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.46 at $66.26, with 205,610 shares traded. This represents a 22.32% increase from its 52 Week Low.
GenCorp Inc. ( GY ) is unchanged at $9.20, with 177,784 shares traded. As reported in the last short interest update the days to cover for GY is 20.068183; this calculation is based on the average trading volume of the stock.
Sirius XM Radio Inc. ( SIRI ) is +0.035 at $2.80, with 157,342 shares traded. As reported by Zacks, the current mean recommendation for SIRI is in the "buy range".
Petroleo Brasileiro S.A.- Petrobras ( PBR ) is +0.33 at $18.30, with 146,737 shares traded. PBR's current last sale is 66.55% of the target price of $27.5.
Deckers Outdoor Corporation ( DECK ) is +3.56 at $41.85, with 111,708 shares traded. As reported in the last short interest update the days to cover for DECK is 9.029905; this calculation is based on the average trading volume of the stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As reported in the last short interest update the days to cover for DECK is 9.029905; this calculation is based on the average trading volume of the stock. Deckers Outdoor Corporation ( DECK ) is +3.56 at $41.85, with 111,708 shares traded. As reported in the last short interest update the days to cover for CAJ is 7.785247; this calculation is based on the average trading volume of the stock.
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Deckers Outdoor Corporation ( DECK ) is +3.56 at $41.85, with 111,708 shares traded. As reported in the last short interest update the days to cover for DECK is 9.029905; this calculation is based on the average trading volume of the stock. As reported in the last short interest update the days to cover for CAJ is 7.785247; this calculation is based on the average trading volume of the stock.
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Deckers Outdoor Corporation ( DECK ) is +3.56 at $41.85, with 111,708 shares traded. As reported in the last short interest update the days to cover for DECK is 9.029905; this calculation is based on the average trading volume of the stock. As reported in the last short interest update the days to cover for CAJ is 7.785247; this calculation is based on the average trading volume of the stock.
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Deckers Outdoor Corporation ( DECK ) is +3.56 at $41.85, with 111,708 shares traded. As reported in the last short interest update the days to cover for DECK is 9.029905; this calculation is based on the average trading volume of the stock. DELL's current last sale is 90.04% of the target price of $11.25.
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8dfe16fd-d42c-4004-a658-ba48a32885a4
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724777.0
|
2012-12-03 00:00:00 UTC
|
Mid-Afternoon Market Update: Markets Remain Red; Zynga Drops
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DECK
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https://www.nasdaq.com/articles/mid-afternoon-market-update-markets-remain-red-zynga-drops-2012-12-03
|
nan
|
nan
|
Toward the end of trading Monday, the Dow traded down 0.28 percent to 12,988.46 while the NASDAQ fell 0.20 percent to 3,004.25. The S&P also fell, decreasing 0.28 percent to 1,412.20.
Top Headline
Shocking investors this morning was a Goldman Sachs report on Dell (NASDAQ: DELL ) this morning, upgrading the company two levels from Sell to Buy. The upgrade cited a fully adjusted market price to the currently weak PC market, and caused the company to rally almost 7 percent on massive volume following the market opening.
Equities Trading UP
Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 10.03 percent to $42.13 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65.
Shares of Supervalu (NYSE: SVU ) rose 12.19 percent to $2.67 after Bloomberg reported that the company's talks with Cerberus had started again.
Advanced Micro Devices (NYSE: AMD ) also saw a boost, rising 6.59 percent to $2.34, continuing its 5 day win streak and raising its gains over the period to 23.5 percent.
Equities Trading DOWN
AOL (NYSE: AOL ) traded down 1.42 percent to $31.91 after the company announced its Chief Marketing Officer would be leaving.
SunCoke Energy (NYSE: SXC ) was also down, falling 8.55 percent to $14.86 following its form 8k filing on Friday.
Shares of Zynga (NASDAQ: ZNGA ) fell 9.76 percent to $2.22 following a series of negative news ranging from a lawsuit to a contract change with Facebook announced Friday.
Commodities
In commodity news, oil traded up 1.11 percent to $89.30, while gold traded up 0.87 percent to $1,725.70.
Silver traded up 0.43 percent Friday to $33.63.
Eurozone
In the euro zone this morning, news came out saying that EUN ministers may be able to reach an ECB oversight deal by December 4th. Germany's Wolfgang Schauble was quoted saying the that Greek debate was not simple in Germany, continuing that the crisis resolution course must be step by step.
Over all, European markets were up across the board this morning following the release of manufacturing PMI's, and seemingly ignored the downgrade of the bailout funds.
Economics
In economic news Monday morning, construction spending was reported at 1.4 percent, above the expected 0.5 percent and the prior release of 0.6 percent.
Markit PMI was also reported, coming in at 52.8, slightly above the projected 52.1 and the previous report of 52.4.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 10.03 percent to $42.13 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65. Shares of Supervalu (NYSE: SVU ) rose 12.19 percent to $2.67 after Bloomberg reported that the company's talks with Cerberus had started again. Shares of Zynga (NASDAQ: ZNGA ) fell 9.76 percent to $2.22 following a series of negative news ranging from a lawsuit to a contract change with Facebook announced Friday.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 10.03 percent to $42.13 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65. Top Headline Shocking investors this morning was a Goldman Sachs report on Dell (NASDAQ: DELL ) this morning, upgrading the company two levels from Sell to Buy. Equities Trading DOWN AOL (NYSE: AOL ) traded down 1.42 percent to $31.91 after the company announced its Chief Marketing Officer would be leaving.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 10.03 percent to $42.13 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65. Toward the end of trading Monday, the Dow traded down 0.28 percent to 12,988.46 while the NASDAQ fell 0.20 percent to 3,004.25. Commodities In commodity news, oil traded up 1.11 percent to $89.30, while gold traded up 0.87 percent to $1,725.70.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 10.03 percent to $42.13 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65. Toward the end of trading Monday, the Dow traded down 0.28 percent to 12,988.46 while the NASDAQ fell 0.20 percent to 3,004.25. Silver traded up 0.43 percent Friday to $33.63.
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abc81330-ea7e-4677-b616-40fe3faa5052
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724778.0
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2012-12-03 00:00:00 UTC
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Mid-Day Market Update: Markets Go Red; AMD Posts a Rally
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DECK
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https://www.nasdaq.com/articles/mid-day-market-update-markets-go-red-amd-posts-rally-2012-12-03
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nan
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nan
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Midway through trading Monday, the Dow traded down 0.29 percent to 12,988.30 while the NASDAQ fell 0.07 percent to 3,008.06. The S&P also fell, decreasing 0.27 percent to 1,412.35.
Top Headline
Shocking investors this morning was a Goldman Sachs report on Dell (NASDAQ: DELL ) this morning, upgrading the company two levels from Sell to Buy. The upgrade cited a fully adjusted market price to the currently weak PC market, and caused the company to rally almost 7 percent on massive volume following the market opening.
Equities Trading UP
Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 7.00 percent to $40.97 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65.
Shares of Supervalu (NYSE: SVU ) rose 7.77 percent to $2.57 after Bloomberg reported that the company's talks with Cerberus had started again.
Advanced Micro Devices (NYSE: AMD ) also saw a boost, rising 6.59 percent to $2.34, continuing its 5 day win streak and raising its gains over the period to 23.5 percent.
Equities Trading DOWN
AOL (NYSE: AOL ) traded down 1.07 percent to $32.03 after the company announced its Chief Marketing Officer would be leaving.
SunCoke Energy (NYSE: SXC ) was also down, falling 7.32 percent to $15.06 following its form 8k filing on Friday.
Shares of TPC Group (NASDAQ: TPCG ) were also down, dropping 6.83 percent to $44.75 after Innospec announced the withdrawal of its offer for the company Monday morning.
Commodities
In commodity news, oil traded up 0.44 percent to $89.30, while gold traded up 0.34 percent to $1,716.80.
Silver traded up 0.46 percent Friday to $33.66.
Eurozone
In the eurozone this morning, news came out saying that EUN ministers may be able to reach an ECB oversight deal by December 4th. Germany's Wolfgang Schauble was quoted saying the that Greek debate was not simple in Germany, continuing that the crisis resolution course must be step by step.
Over all, European markets were up across the board this morning following the release of manufacturing PMI's, and seemingly ignored the downgrade of the bailout funds.
Economics
In economic news Monday morning, construction spending was reported at 1.4 percent, above the expected 0.5 percent and the prior release of 0.6 percent.
Markit PMI was also reported, coming in at 52.8, slightly above the projected 52.1 and the previous report of 52.4.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 7.00 percent to $40.97 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65. Shares of Supervalu (NYSE: SVU ) rose 7.77 percent to $2.57 after Bloomberg reported that the company's talks with Cerberus had started again. Shares of TPC Group (NASDAQ: TPCG ) were also down, dropping 6.83 percent to $44.75 after Innospec announced the withdrawal of its offer for the company Monday morning.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 7.00 percent to $40.97 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65. Top Headline Shocking investors this morning was a Goldman Sachs report on Dell (NASDAQ: DELL ) this morning, upgrading the company two levels from Sell to Buy. Equities Trading DOWN AOL (NYSE: AOL ) traded down 1.07 percent to $32.03 after the company announced its Chief Marketing Officer would be leaving.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 7.00 percent to $40.97 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65. Midway through trading Monday, the Dow traded down 0.29 percent to 12,988.30 while the NASDAQ fell 0.07 percent to 3,008.06. Commodities In commodity news, oil traded up 0.44 percent to $89.30, while gold traded up 0.34 percent to $1,716.80.
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Equities Trading UP Deckers Outdoor (NASDAQ: DECK ) was among the mornings winners, trading up 7.00 percent to $40.97 following a Sterne Agee upgrade to buy and an increase in price target from $32 to $65. Midway through trading Monday, the Dow traded down 0.29 percent to 12,988.30 while the NASDAQ fell 0.07 percent to 3,008.06. Equities Trading DOWN AOL (NYSE: AOL ) traded down 1.07 percent to $32.03 after the company announced its Chief Marketing Officer would be leaving.
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a3bb4a27-6600-4775-ac5f-7dfec8837aaf
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724779.0
|
2012-11-30 00:00:00 UTC
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Largest option buying in equities so far
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DECK
|
https://www.nasdaq.com/articles/largest-option-buying-equities-so-far-2012-11-30
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nan
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nan
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Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
Ford Motor (F): Investors bought 25,000 January 12.50 calls, looking for the automaker to climb. F fell 1.30 percent to $11.38.
Deckers Outdoor (DECK): Volume surged in the January 40 calls and the March 40 calls as an investor rolled a long position forward in time, hoping for upside by the early spring. DECK fell 0.65 percent to $38.51.
Zynga (ZNGA): Investors bought 17,000 weekly 2.50 calls expiring today for $0.02 to $0.06, looking for the stock to rally into the close. ZNGA fell 7.63 percent to $2.42.
McMoRan Exploration (MMR): Volume surged in the December 7 puts and the December 5 puts as investors look for downside over the next three weeks. MMR rose 0.90 percent to $8.98
Live Nation Entertainment (LYV): More than 8,400 January 8 puts were bought for $0.30 as investors look for the stock to head lower. LYV fell 0.68 percent to $8.77.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor (DECK): Volume surged in the January 40 calls and the March 40 calls as an investor rolled a long position forward in time, hoping for upside by the early spring. DECK fell 0.65 percent to $38.51. Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
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Deckers Outdoor (DECK): Volume surged in the January 40 calls and the March 40 calls as an investor rolled a long position forward in time, hoping for upside by the early spring. DECK fell 0.65 percent to $38.51. Ford Motor (F): Investors bought 25,000 January 12.50 calls, looking for the automaker to climb.
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Deckers Outdoor (DECK): Volume surged in the January 40 calls and the March 40 calls as an investor rolled a long position forward in time, hoping for upside by the early spring. DECK fell 0.65 percent to $38.51. McMoRan Exploration (MMR): Volume surged in the December 7 puts and the December 5 puts as investors look for downside over the next three weeks.
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DECK fell 0.65 percent to $38.51. Deckers Outdoor (DECK): Volume surged in the January 40 calls and the March 40 calls as an investor rolled a long position forward in time, hoping for upside by the early spring. ZNGA fell 7.63 percent to $2.42.
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e15014d0-1153-45f8-bad2-3ddda2203af4
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724780.0
|
2012-11-20 00:00:00 UTC
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A Deckers Short Squeeze
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DECK
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https://www.nasdaq.com/articles/deckers-short-squeeze-2012-11-20
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nan
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nan
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By Akram's Razor :
Coming soon to a stock market near you…
Spend enough time short-selling and you will get pretty good at spotting short squeeze candidates. The problem with this is that when you are short, it can often be very challenging to switch sides because you have usually adopted quite a negative view of the company in question. But if you can detach yourself from this view, there is good money to be made leveraging your knowledge in a stock you have been shorting playing a violent squeeze rally.
In fact, if you exclude options activity, a great short squeeze almost always offers a better percentage return opportunity than patiently shorting a stock. Right now, I am sniffing out such an opportunity emerging in Deckers ( DECK ) shares.
Decked by Deckers
I'll admit, as a short-seller, I have not had many good experiences with Deckers. Now, you might be wondering how that is possible considering the decline in the stock over the past year, but it is true. Most traders/investors when it comes to shorting will tell you about their great successes, but in my case the trades that remain freshest in my memory are the total failures. And when it comes to those experiences, I can recall every last detail.
See, you usually don't learn much when something works right away, but when you are shorting a strong stock and it is not working, you tend to learn a lot because the position turns into a test of endurance. It's like running in a market marathon, your success hinges more on your mental fortitude than your bank roll. Was I too early? What's the difference between too early just meaning I was wrong, and too early meaning early but right? When does stubbornness become stupidity? And when does performance frustration overcome sound analysis and conviction? If you have a good deal of short-selling experience, you probably have asked yourself these questions.
I first shorted Deckers in 2007 thinking the Uggs brand was a total fad. It was a relatively medium sized position as most of my short selling attention was being focused on Crox ( CROX ), but I still liked it a lot. After about a 30% loss in a month and a half, I covered. I really didn't have a good reason for exiting other than the fact that I was getting even more crushed on my CROX short and saw more reward in that position. Basically, I had to cut and take a loss on something and Deckers was it. I then pretty much shelved the name for the next four years.
When I finally came back to it in 2011, the stock was almost double where it had been when I first shorted it in 2007. But this time around my thesis was a bit different than a simple fashion fad blowup. I was focused on rising input costs, namely sheepskin prices, and battering margins. I opened what I felt was a decent sized initial short position at $65 and watched the stock climb 30% within a few weeks. Nobody seemed to care about rising raw material costs, and I really didn't have much more to go on than that. So, after a small dip, I covered again with a loss. But I hate giving up on a thesis I feel is right despite a lack of overwhelming evidence, so I came back a month later.
This time my timing was lucky and the stock fell 15% almost immediately after I initiated my position. Of course that didn't last long, within a month the stock reversed and was on its way to a new all-time high. This was despite increasing evidence that raw material costs were becoming a more serious problem. So, instead of shorting more at the peak I sat tight and when the shares got back to my cost basis I covered. I figured, as many others before often have, that I'd wait for a bounce and just buy some six month OTM puts on the name to limit the takeover risk that seemed to be emerging in the space.
Problem is that bounce never came, and the stock has been in a free fall ever since. And this is a mild short-seller failure story because I never was too excited about the idea. The market cap wasn't big enough to sufficiently mitigate brand acquirer risk, the fad argument was flimsy, the valuation never that extreme, and the management seemed very competent. Compare that to a name like [[FSLR]] which I shorted many times in its bubble days on what I felt was a bullet proof thesis, and missing out on Deckers doesn't sting nearly as much. But I still hate to watch a stock I was once shorting collapse without me in it, so I try and stay on top of the story looking for an edge to exploit at some point.
Squeezing your Edge Out
Learning about a company, industry, and what's driving a stock on a quarterly basis requires a significant time investment. And there is an opportunity cost issue when you are shorting because you are often choosing between certain companies or industries and trying to hit a narrow window. Not capitalizing on one is usually compounded by also missing out on another stock you had a strong view on. Hence the desire to flip the trade and use your knowledge to make money in the other direction.
A good short squeeze like Netflix ( NFLX ), Nokia ( NOK ), FSLR, Green Mountain Coffee ( GMCR ) have gone through at times over the past year can move the stock of a company with major fundamental issues 50%-100% in weeks. As a former short seller of all the aforementioned names, I have gotten pretty decent at spotting these moves and, when supremely comfortable, participating somewhat.
Here is what I look for:
1) A series of disappointing quarters culminating in a kitchen sink quarter from management that ultimately ends up having little permanent impact on the share price. Recent examples include First Solar and Green Mountain Coffee.
2) Favorable seasonality. This works well for retail stocks as longer-term issues can get overshadowed by temporarily favorable seasonal dynamics.
3) Played out short arguments, i.e., declining margins, oversupply, rising inventories etc. Once these become obvious to everyone or show the slightest hint of reversing, the stock becomes a coiled spring.
Presently, Deckers is exhibiting all three of these traits.
Kitchen Sink Quarter With a Muted Stock Reaction
When I read this paragraph the minute their earnings were released I knew that the cycle of quarterly disappointments had come to an end. No matter what Deckers reports next quarter, management has finally set expectations at a level low enough to build off of going forward. From a stock perspective that is critical if you are looking to flip sides or even just play a temporary and violent squeeze. And though the shares fell almost 20% on this news, the real story here was that in a mere six days almost all those losses were reversed. That tells you there was a good deal of short covering and no pile on momentum shorting.
Favorable Seasonality
Uggs boots are predominately a winter season purchase, and thus as we approach the holiday season the calendar flips in their favor. Add in that this past year was one of the warmest on record in North America and you get the nice added benefit of pent up demand to go with the seasonality.
Played Out Short Arguments
Deckers' big problem over the last 18 months has been a near 70% rise in sheepskin prices eating into margins and subsequently causing some pricing missteps that impacted demand. Both of these issues are reversing course with sheepskin prices slated to fall and management readjusting pricing on key Uggs downward to preserve long-term brand equity. Also, the inventory issue which I track religiously when I am shorting a stock like this seems to have peaked this past quarter and should return to more normalized levels.
Put all these factors together and you have a very solid case for being long the stock from now until their next earnings in January. And if you have studied past moves like this, your expectations should be for a 50% or greater increase of the bottom simply on short covering and shifting sentiment. Non-news driven moves like these are usually the most lucrative, so when I spot them I tend to get excited about the opportunity, and in Deckers' case, I am even more excited than usual because I think the Uggs brand is actually fundamentally healthy.
This makes things more interesting because going long doesn't just entail playing short covering, a temporary shift in sentiment, and bombed out expectations. At these prices you can argue that the stock is actually fundamentally attractive on a valuation basis and maybe even a great fashion brand acquisition candidate. That makes not watching the daily tape a lot easier, and the need to manage the position a lot less important.
Disclosure: I am long [[DECK]]. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
See also Baxter - Investors Applaud The Excellent Addition Of Gambro on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Compare that to a name like [[FSLR]] which I shorted many times in its bubble days on what I felt was a bullet proof thesis, and missing out on Deckers doesn't sting nearly as much. Right now, I am sniffing out such an opportunity emerging in Deckers ( DECK ) shares. Decked by Deckers I'll admit, as a short-seller, I have not had many good experiences with Deckers.
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Right now, I am sniffing out such an opportunity emerging in Deckers ( DECK ) shares. Decked by Deckers I'll admit, as a short-seller, I have not had many good experiences with Deckers. I first shorted Deckers in 2007 thinking the Uggs brand was a total fad.
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Right now, I am sniffing out such an opportunity emerging in Deckers ( DECK ) shares. Decked by Deckers I'll admit, as a short-seller, I have not had many good experiences with Deckers. I first shorted Deckers in 2007 thinking the Uggs brand was a total fad.
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Decked by Deckers I'll admit, as a short-seller, I have not had many good experiences with Deckers. Right now, I am sniffing out such an opportunity emerging in Deckers ( DECK ) shares. I first shorted Deckers in 2007 thinking the Uggs brand was a total fad.
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24d1028d-3f81-4634-9c79-d0b794ed4005
|
724781.0
|
2012-11-19 00:00:00 UTC
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Deckers Upgraded to Neutral - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-upgraded-to-neutral-analyst-blog-2012-11-19
|
nan
|
nan
|
We recently upgraded our recommendation on Deckers Outdoor Corporation ( DECK ) to Neutral with a price target of $36.00, following its third-quarter 2012 bottom-line performance. Earlier, we had an Underperform rating on the stock.
Deckers' quarterly earnings of $1.18 per share came ahead of the Zacks Consensus Estimate of $1.02 per share. However, it declined 25.8% year over year due to muted top-line performance but fared better than the projected decline of 31% in the bottom line due to effective cost management coupled with the share repurchase program.
Total net sales of $376.4 million fell short of the Zacks Consensus Estimate of $412 million, and declined 9.2% from the prior-year quarter, as the price hiked to mitigate an 80% rise in sheepskin and raw material costs boomeranged. Warm weather condition also had an adverse impact on the demand of UGG brand with the ongoing European crisis playing spoil sport. The company had earlier forecasted top-line growth of 1%.
To counter this, Deckers decided to make retrospective adjustment in prices of selected Classic styles that were shipped since July 1, 2012. Moreover, in order to safeguard against rising sheepskin costs and other raw materials, Deckers has undertaken certain long-term programs, which includes increasing the mix of non-sheepskin merchandises, new casual footwear materials less prone to weather, and innovative production technologies.
The company is eyeing other profitable markets, and remains focused on product introductions, store augmentation, along with geographic expansion. Management intends to focus on China, where the company has increased its store count to 20 by opening 7 new stores during the quarter. In the year-ago quarter, Deckers had 8 outlets.
Deckers has been grappling with inflated inventories and sluggish demand on account of increase in prices. Consequently, amidst waning demand for its UGG product lines, the company trimmed its fourth quarter and fiscal 2012 outlook.
Management now projects total revenue growth of 5% for fiscal 2012, down from the prior guidance of a 14% increase. Earnings per share are expected to decline 33% compared with a 9% to 10% decrease forecasted earlier. The company now foresees a 6% jump in total revenue and a 14% decrease in earnings per share for the fourth quarter. Earlier, management had guided growth of 19% in total revenue and a 22% jump in earnings per share.
Despite a dismal outlook, the stock suggests enough upside potential as it trades at a discount to its peers based on our forward earnings estimates. Deckers currently trades at a forward P/E of 9.17x, reflecting a 43.8% discount to the peer group average of 16.32x.
Consequently, given the pros and cons, we adopt a Neutral stance on the stock. However, Deckers, which competes with Nike Inc. ( NKE ) and Wolverine World Wide Inc. ( WWW ), holds a Zacks #5 Rank that translates into a short-term Strong Sell rating, and defines the company's sluggish top-line performance and trimmed outlook.
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
NIKE INC-B (NKE): 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 recently upgraded our recommendation on Deckers Outdoor Corporation ( DECK ) to Neutral with a price target of $36.00, following its third-quarter 2012 bottom-line performance. However, Deckers, which competes with Nike Inc. ( NKE ) and Wolverine World Wide Inc. ( WWW ), holds a Zacks #5 Rank that translates into a short-term Strong Sell rating, and defines the company's sluggish top-line performance and trimmed outlook. Deckers' quarterly earnings of $1.18 per share came ahead of the Zacks Consensus Estimate of $1.02 per share.
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Moreover, in order to safeguard against rising sheepskin costs and other raw materials, Deckers has undertaken certain long-term programs, which includes increasing the mix of non-sheepskin merchandises, new casual footwear materials less prone to weather, and innovative production technologies. DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. We recently upgraded our recommendation on Deckers Outdoor Corporation ( DECK ) to Neutral with a price target of $36.00, following its third-quarter 2012 bottom-line performance.
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Deckers' quarterly earnings of $1.18 per share came ahead of the Zacks Consensus Estimate of $1.02 per share. However, Deckers, which competes with Nike Inc. ( NKE ) and Wolverine World Wide Inc. ( WWW ), holds a Zacks #5 Rank that translates into a short-term Strong Sell rating, and defines the company's sluggish top-line performance and trimmed outlook. DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deckers' quarterly earnings of $1.18 per share came ahead of the Zacks Consensus Estimate of $1.02 per share. We recently upgraded our recommendation on Deckers Outdoor Corporation ( DECK ) to Neutral with a price target of $36.00, following its third-quarter 2012 bottom-line performance. To counter this, Deckers decided to make retrospective adjustment in prices of selected Classic styles that were shipped since July 1, 2012.
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b8890721-0590-483e-871d-11e117cab1b2
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724782.0
|
2012-11-07 00:00:00 UTC
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Bearish MACD for Deckers Outdoor Corp. - Tale of the Tape
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DECK
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https://www.nasdaq.com/articles/bearish-macd-for-deckers-outdoor-corp.-tale-of-the-tape-2012-11-07
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nan
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nan
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Deckers Outdoor Corp. 's ( DECK ) MACD indicator has moved into bearish territory with a reading of -1.9936. The Zacks #5 Rank ("Strong Sell") stock decreased more than 3.24% to $32.85 in morning trade. The Zacks Consensus Estimate on the company's earnings for the year ending December 2012 has decreased by 80 cents over the past month to $3.37 per share.
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 ) MACD indicator has moved into bearish territory with a reading of -1.9936. DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate on the company's earnings for the year ending December 2012 has decreased by 80 cents over the past month to $3.37 per share.
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Deckers Outdoor Corp. 's ( DECK ) MACD indicator has moved into bearish territory with a reading of -1.9936. 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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DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. 's ( DECK ) MACD indicator has moved into bearish territory with a reading of -1.9936. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. 's ( DECK ) MACD indicator has moved into bearish territory with a reading of -1.9936. DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks #5 Rank ("Strong Sell") stock decreased more than 3.24% to $32.85 in morning trade.
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21691a73-8b1b-43e6-adfc-5169a78181dc
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724783.0
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2012-11-07 00:00:00 UTC
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Bullish footprint in Deckers Outdoor
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DECK
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https://www.nasdaq.com/articles/bullish-footprint-deckers-outdoor-2012-11-07
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nan
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nan
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Deckers Outdoor has been going straight down, but one investor apparently thinks that it's ready to rally.
optionMONSTER's Heat Seeker monitoring program detected the purchase of about 25,000 January 40 calls for $0.80 and the sale of a similar number of January 50 calls for $0.10. Volume was below open interest at the higher strike, so there are two possible explanations for the activity.
One is that both trades were opened, in which case the strategy is a bullish call spread . That would leverage moves above $40, with a maximum gain of 1,329 percent if the footwear stock closes at $50 or higher on expiration. (See our Education section)
Alternatively, he or she may have previously owned the 50s and is now rolling the original position down to the 40s. That would lower the trade's break-even price by almost $10, thereby increasing the chance of earning a profit. Either way, yesterday's trade resulted in a cost of $0.70.
DECK rose 1.85 percent to $33.95 yesterday but has lost more than two-thirds of its value in the last year as sales of its UGG boots slow and sheepskin costs squeeze margins. Shares tanked in late October to their lowest level since 2009 after earnings missed expectations, but the stock has been attempting to rebound since then.
Overall option volume was 5 times greater than average, with calls outnumbering puts by a bullish 64-to-1 ratio.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
DECK rose 1.85 percent to $33.95 yesterday but has lost more than two-thirds of its value in the last year as sales of its UGG boots slow and sheepskin costs squeeze margins. Deckers Outdoor has been going straight down, but one investor apparently thinks that it's ready to rally. Shares tanked in late October to their lowest level since 2009 after earnings missed expectations, but the stock has been attempting to rebound since then.
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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. Deckers Outdoor has been going straight down, but one investor apparently thinks that it's ready to rally. DECK rose 1.85 percent to $33.95 yesterday but has lost more than two-thirds of its value in the last year as sales of its UGG boots slow and sheepskin costs squeeze margins.
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DECK rose 1.85 percent to $33.95 yesterday but has lost more than two-thirds of its value in the last year as sales of its UGG boots slow and sheepskin costs squeeze margins. Deckers Outdoor has been going straight down, but one investor apparently thinks that it's ready to rally. optionMONSTER's Heat Seeker monitoring program detected the purchase of about 25,000 January 40 calls for $0.80 and the sale of a similar number of January 50 calls for $0.10.
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Deckers Outdoor has been going straight down, but one investor apparently thinks that it's ready to rally. DECK rose 1.85 percent to $33.95 yesterday but has lost more than two-thirds of its value in the last year as sales of its UGG boots slow and sheepskin costs squeeze margins. One is that both trades were opened, in which case the strategy is a bullish call spread .
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c4df020a-55f1-46f4-a3ad-b365bab6d852
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724784.0
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2012-11-06 00:00:00 UTC
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Largest option buying in equities so far
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DECK
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https://www.nasdaq.com/articles/largest-option-buying-equities-so-far-2012-11-06
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nan
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nan
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Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
Deckers Outdoor (DECK): Investors bought the January 40 calls for $0.80 and sold the January 50 calls for $0.10. Volume was below open interest in the 50s, so they may have rolled down a money-losing position, or could have opened a new bullish spread. DECK fell 0.47 percent to $31.95.
Facebook (FB): Almost 13,000 December 19 puts were bought for $0.65 as investors brace for downside in the so-media stock. FB dropped 0.80 percent to $21.08.
Micron (MU): More than 25,000 January 5 puts were bought for $0.14 and $0.15 but volume was below open interest at the strike. MU rose 2.74 percent to $6.
Walgreen (WAG): Volume surged in the January 25 calls as investors looked to reap the company's quarterly cash dividend. Similar activity appeared in the January contracts for Wells Fargo (WFC).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor (DECK): Investors bought the January 40 calls for $0.80 and sold the January 50 calls for $0.10. DECK fell 0.47 percent to $31.95. Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
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Deckers Outdoor (DECK): Investors bought the January 40 calls for $0.80 and sold the January 50 calls for $0.10. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. DECK fell 0.47 percent to $31.95.
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Deckers Outdoor (DECK): Investors bought the January 40 calls for $0.80 and sold the January 50 calls for $0.10. DECK fell 0.47 percent to $31.95. Micron (MU): More than 25,000 January 5 puts were bought for $0.14 and $0.15 but volume was below open interest at the strike.
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Deckers Outdoor (DECK): Investors bought the January 40 calls for $0.80 and sold the January 50 calls for $0.10. DECK fell 0.47 percent to $31.95. Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
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c53b99cf-5cf0-4b75-9c0a-eb4b9dba21f7
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724785.0
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2012-10-25 00:00:00 UTC
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Skechers Misses, Remains Optimistic - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-misses-remains-optimistic-analyst-blog-2012-10-25
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nan
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nan
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Skechers USA Inc . ( SKX ), which has been grappling with the clearance of its excess toning inventory, is now showing signs of improvement as evident from its recently reported third-quarter 2012 results.
The company delivered earnings of 22 cents a share, which is a substantial improvement from the earnings of 17 cents in the year-ago quarter. However, earnings fell short of the Zacks Consensus Estimate of 25 cents.
With more emphasis on a new line of products, cost containment efforts, inventory management, margin improvement and upcoming holiday season, the company anticipates sustaining the growth momentum in the fourth quarter of fiscal 2012 and thereafter.
Sales
Skechers, which competes with Deckers Outdoor Corporation ( DECK ) and Nike Inc . ( NKE ), stated that total net sales for the quarter strengthened 4.2% to $429.4 million from the prior-year quarter, reflecting healthy performance across company owned retail businesses, domestic wholesale and international distributor. Moreover, total revenue came marginally ahead of the Zacks Consensus Estimate of $429 million.
The domestic wholesale business marked an elevation of 7.2%, reflecting a 9.1% increase in pairs shipped coupled with a strong growth across kids and performance divisions.
International distributor sales experienced a growth of 10.9%, reflecting strong growth across Pan-Asian distributors, Middle East, Indonesia, Philippines, South Korea, Taiwan, New Zealand and Australia. However, International subsidiary sales declined 14.6%, reflecting a difficult comparison as the prior-year quarter witnessed strong sales.
Moreover, a challenging economic climate in Europe and restructuring of the Brazilian business adversely impacted the business. However, management hinted that the subsidiary business will be accretive to the company's growth in the coming quarters.
On a combined basis, retail business sales grew 13.9%. Domestic retail sales escalated 13.2% due to the addition of 23 new stores, while comparable-store sales increased 6.3%. International retail sales bolstered 18% reflecting the healthy performance of 4 new stores, whereas comparable-store sales remained flat.
The company's licensing division has been another source of revenue, whereby the company licenses its name and images. The company generated $1.8 million in revenue during the quarter from its licensing affiliates, which includes apparel, eye wear, watches, backpacks, and socks.
Another highlight of the quarter was the 22% rise in the company's e-commerce division. Though the company uses it as a marketing tool, the division remains successful in driving incremental sales during the quarter.
Margins
The quarter exhibited a marked improvement in the gross profit, which increased 7.2% to $187.8 million. Moreover, gross margin expanded by 120 basis points to 43.7% attributable to a rise in sales volume, enhanced inventory and strong product sales at retail stores.
Income from operations came in at $20.3 million, a sharp improvement from $2.2 million witnessed in the year-ago quarter. The improvement reflects lower Selling and General and administrative expenses on account of lower promotional expenditures and effective cost management.
Stores Update
During the quarter, Skechers opened 23 domestic stores and 4 international stores, bringing the total company-owned Skechers retail stores count to 346.
At the end of the quarter, the company operated more than 100 outlets under joint ventures in Asia, including stores operated by licensees, and 237 additional distributor-owned or licensed Skechers retail stores worldwide.
During the quarter, Skechers opened 25 Skechers stores, including one each in Mexico, Hong Kong, Costa Rica and Ireland. In U.A.E., Indonesia and Australia, the company opened two stores each coupled with 15 stores in South Korea. Moreover, the company closed two stores during the quarter, one each in Costa Rica and the Baltics and ended the quarter with 72 freestanding Skechers stores.
Strategic Initiatives
Management remains committed to focus on new lines of products and opening of additional Skechers stores and increasing distribution channels with the development of international distribution agreements to boost its sales and profitability.
Moreover, international business remains a significant growth driver for the company's sales. Management projects international sales to pick up in the coming quarters and expects to keep up the momentum in fiscal 2013. Moreover, Skechers expects to double its company-owned subsidiary business in Japan over the next 3 to 5 years.
Skechers, through its distribution networks, subsidiaries and joint ventures, is poised to enhance its global reach in the footwear market. Skechers' joint ventures in Asia are portraying improvement with sales growth across Taiwan, Hong Kong, South Korea and Indonesia.
The company is sincerely striving to reposition itself for 2012 and beyond. These include lowering of selling and marketing expenses, consolidating North American distribution facilities under one roof, streamlining inventory, and new product offerings.
Other Financial Aspects
Skechers portrays a healthy balance sheet with cash and cash equivalents of $307.9 million, long-term debt of $70.2 million and shareholders' equity of $872.8 million, excluding non-controlling interest of $43.5 million at the end of the quarter. Capital expenditures for the quarter were approximately $5.6 million.
Our Recommendation
Currently, we maintain a long-term 'Neutral' recommendation on the stock. Moreover, Skechers holds a Zacks #3 Rank that translates into a short-term 'Hold' rating.
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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Sales Skechers, which competes with Deckers Outdoor Corporation ( DECK ) and Nike Inc . 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. With more emphasis on a new line of products, cost containment efforts, inventory management, margin improvement and upcoming holiday season, the company anticipates sustaining the growth momentum in the fourth quarter of fiscal 2012 and thereafter.
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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. Sales Skechers, which competes with Deckers Outdoor Corporation ( DECK ) and Nike Inc . ( NKE ), stated that total net sales for the quarter strengthened 4.2% to $429.4 million from the prior-year quarter, reflecting healthy performance across company owned retail businesses, domestic wholesale and international distributor.
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Sales Skechers, which competes with Deckers Outdoor Corporation ( DECK ) and Nike Inc . 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. ( NKE ), stated that total net sales for the quarter strengthened 4.2% to $429.4 million from the prior-year quarter, reflecting healthy performance across company owned retail businesses, domestic wholesale and international distributor.
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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. Sales Skechers, which competes with Deckers Outdoor Corporation ( DECK ) and Nike Inc . At the end of the quarter, the company operated more than 100 outlets under joint ventures in Asia, including stores operated by licensees, and 237 additional distributor-owned or licensed Skechers retail stores worldwide.
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3eb9ece3-e424-456d-a087-1b2b8257fb2b
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724786.0
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2012-10-19 00:00:00 UTC
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Bearish MACD for Deckers Outdoor Corp. - Tale of the Tape
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DECK
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https://www.nasdaq.com/articles/bearish-macd-for-deckers-outdoor-corp.-tale-of-the-tape-2012-10-19
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nan
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nan
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Deckers Outdoor Corp. 's ( DECK ) MACD indicator has moved into bearish territory with a reading of -1.3641. The Zacks #5 Rank ("Strong Sell") stock decreased more than 1.87% to $37.72 in morning trade. The Zacks Consensus Estimate on the company's earnings for the year ending December 2012 has decreased by a cent over the past week to $4.03 per share.
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 ) MACD indicator has moved into bearish territory with a reading of -1.3641. DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate on the company's earnings for the year ending December 2012 has decreased by a cent over the past week to $4.03 per share.
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Deckers Outdoor Corp. 's ( DECK ) MACD indicator has moved into bearish territory with a reading of -1.3641. 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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DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. 's ( DECK ) MACD indicator has moved into bearish territory with a reading of -1.3641. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. 's ( DECK ) MACD indicator has moved into bearish territory with a reading of -1.3641. DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks #5 Rank ("Strong Sell") stock decreased more than 1.87% to $37.72 in morning trade.
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ae4e459b-9d5e-4394-9b61-ae3889bac172
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724787.0
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2012-10-15 00:00:00 UTC
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Earnings Preview: Wolverine - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/earnings-preview%3A-wolverine-analyst-blog-2012-10-15
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nan
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nan
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Wolverine World Wide Inc . ( WWW ), one of the leading designers, manufacturers and marketers of branded footwear and apparel, is scheduled to report its third-quarter 2012 financial results on Tuesday, October 16, 2012.
The current Zacks Consensus Estimate for the quarter stands at 72 cents per share, indicating an estimated decline of 11.9% from the prior-year quarter. Revenue, as per the Zacks Consensus Estimate is $363 million.
Second-Quarter 2012, a Synopsis
Soft sales and decline in profitability took a toll on the company's second-quarter 2012 earnings as Wolverine reported adjusted quarterly earnings of 41 cents a share, down 14.6% from the prior-year quarters' earnings of 48 cents and missed the Zacks Consensus Estimate of 44 cents. Including one-time items, earnings came in at 42 cents a share, down 12.5% from the year-ago quarter.
Wolverine marked an increase of 0.8% in its top line to $312.7 million, which also came below the Zacks Consensus Estimate of $314 million.
Agreement of Estimate Revisions
For the to-be-reported quarter, 2 out of 8 estimates have been revised downward over the past 7 days, while none were raised during the period. Moreover, for 2012, 3 out of 9 estimates were revised downward, with none moving in the opposite direction.
The analysts believe that the challenging macroeconomic outlook, especially in Europe, continues to deter the results of the company. Moreover, sales are expected to remain soft on account of declines in the company's core businesses.
Further, analysts believe that the company's aggressive pricing and low demand for new categories are expected to affect its profitability.
Magnitude of Estimate Revisions
Given the downward estimate revisions, the Zacks Consensus Estimate for the third quarter slipped 2 cents to 72 cents a share in the last 7 days, while, 2012 estimates decreased 11 cents to $2.48.
Surprise History
With respect to earnings surprises, Wolverine surpassed the Zacks Consensus Estimate in two of the last four quarters, met in one and lagged in one. Earnings surprise range from a negative 6.8% to a positive 18.5%. The average remained at a positive 5.4%, indicating that the company has outperformed the Zacks Consensus Estimate by the same magnitude over the trailing four quarters.
Our Recommendation
Given the current macroeconomic environment and intense competition from Timberland Co. ( TBL ), Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc. ( SKX ), we prefer to have a long-term "Underperform" recommendation on the stock. However, Wolverine holds a Zacks #3 Rank that translates into a short-term "Hold" rating.
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
(TBL): ETF Research Reports
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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Our Recommendation Given the current macroeconomic environment and intense competition from Timberland Co. ( TBL ), Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc. ( SKX ), we prefer to have a long-term "Underperform" recommendation on the stock. DECKERS OUTDOOR (DECK): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report (TBL): ETF Research Reports WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. ( WWW ), one of the leading designers, manufacturers and marketers of branded footwear and apparel, is scheduled to report its third-quarter 2012 financial results on Tuesday, October 16, 2012.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report (TBL): ETF Research Reports WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Our Recommendation Given the current macroeconomic environment and intense competition from Timberland Co. ( TBL ), Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc. ( SKX ), we prefer to have a long-term "Underperform" recommendation on the stock. Second-Quarter 2012, a Synopsis Soft sales and decline in profitability took a toll on the company's second-quarter 2012 earnings as Wolverine reported adjusted quarterly earnings of 41 cents a share, down 14.6% from the prior-year quarters' earnings of 48 cents and missed the Zacks Consensus Estimate of 44 cents.
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Our Recommendation Given the current macroeconomic environment and intense competition from Timberland Co. ( TBL ), Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc. ( SKX ), we prefer to have a long-term "Underperform" recommendation on the stock. DECKERS OUTDOOR (DECK): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report (TBL): ETF Research Reports WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. The current Zacks Consensus Estimate for the quarter stands at 72 cents per share, indicating an estimated decline of 11.9% from the prior-year quarter.
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Our Recommendation Given the current macroeconomic environment and intense competition from Timberland Co. ( TBL ), Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc. ( SKX ), we prefer to have a long-term "Underperform" recommendation on the stock. DECKERS OUTDOOR (DECK): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report (TBL): ETF Research Reports WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. The current Zacks Consensus Estimate for the quarter stands at 72 cents per share, indicating an estimated decline of 11.9% from the prior-year quarter.
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c4b8502d-c6d6-4cd7-bf1a-66956e16b4a3
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724788.0
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2012-10-10 00:00:00 UTC
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Wolverine Buys PLG Group - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/wolverine-buys-plg-group-analyst-blog-2012-10-10
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nan
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nan
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Wolverine World Wide Inc . ( WWW ), one of the leading designers, manufacturers and marketers of branded footwear and apparel, announced that it has sealed the acquisition of the Performance + Lifestyle Group business (the "PLG Business") of Collective Brands Inc ( PSS ) for $1.24 billion.
Earlier, Wolverine partnered private equity firms, Blum Strategic Partners and Golden Gate Capital Opportunity Fund, in order to acquire Collective Brands. Per the terms of the merger agreement, Wolverine agreed to acquire Collective Brands' Performance + Lifestyle Group (PLG) unit. The other two units, Payless ShoeSource and Collective Licensing International, will be jointly taken up by Blum Capital and Golden Gate.
The PLG unit sells footwear and related products, both wholesale and retail, for children and adults under popular brands which include Stride Rite, Sperry Top-Sider, Saucony, and Keds, and generated approximately $1 billion in revenue in fiscal 2011.
Wolverine is focusing on long-term strategic initiatives to drive profitability, and we expect the acquisition to provide ample opportunities to Wolverine for boosting its growth prospects while facilitating the company in enhancing its portfolio of brands.
Going ahead, the company expects earnings dilution in the range of 25 cents to 30 cents a share for the rest of fiscal 2012. However, Wolverine added that the action will be accretive to the earnings of fiscal 2013 and 2014 in the range of 35 cents to 50 cents and 60 cents to 80 cents, respectively. Moreover, total revenue is expected in the range of $1.46 billion - $1.50 billion, reflecting a year-over-year growth of 3.6% to 6.4%.
Currently, we are maintaining a long-term 'Neutral' recommendation on the stock. However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . ( SKX ), has a Zacks #4 Rank that translates into a short-term 'Sell' rating as secular headwinds act as short-term deterrents for the stock.
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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However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . 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. Per the terms of the merger agreement, Wolverine agreed to acquire Collective Brands' Performance + Lifestyle Group (PLG) unit.
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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. However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . Earlier, Wolverine partnered private equity firms, Blum Strategic Partners and Golden Gate Capital Opportunity Fund, in order to acquire Collective Brands.
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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. However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . Wolverine is focusing on long-term strategic initiatives to drive profitability, and we expect the acquisition to provide ample opportunities to Wolverine for boosting its growth prospects while facilitating the company in enhancing its portfolio of brands.
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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. However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . Earlier, Wolverine partnered private equity firms, Blum Strategic Partners and Golden Gate Capital Opportunity Fund, in order to acquire Collective Brands.
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29e046a1-c442-4e26-afb9-f944677fa1fc
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724789.0
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2012-10-03 00:00:00 UTC
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Bearish Stance on Deckers - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/bearish-stance-on-deckers-analyst-blog-2012-10-03
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nan
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nan
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Deckers Outdoor Corporation ( DECK ) seems to be in an unfavorable position as the soft economic environment continues to take its toll on the performance of this designer, producer, and brand manager of innovative, niche footwear and accessories, as evident from its second-quarter 2012 bottom line results.
The company's dismal performance compelled us to take a bearish stance on the stock, and therefore we went on to downgrade our recommendation to "Underperform" with a price target of $33.00. Earlier, we had a "Neutral" view on the stock.
Second Quarter Loss Widened
Deckers second-quarter 2012 loss of 53 cents a share fared better than the Zacks Consensus Estimate of loss of 59 cents but widened from a loss of 19 cents delivered in the year-ago quarter due to sluggishness in the European market on account of the ongoing economic crisis. International sales during the quarter dropped 14.7% to $61 million. UGG brand net sales fell marginally by 0.3%, whereas Teva brand net sales tumbled 15.4%.
Despite a 14% expected growth in the top line, management projects fiscal 2012 earnings to decline between 9% and 10%, and anticipates 1% growth in total revenue and a 31% decline in earnings per share for the third quarter.
Deckers, which competes with Wolverine World Wide Inc. ( WWW ) and Nike Inc. ( NKE ), also forecasts a gross profit margin contraction of 250 basis points due to increase in costs of goods sold and higher closeout sales level for fiscal 2012.
Downhill Estimate Revision
Following Deckers' second quarter results, the Zacks Consensus Estimates have been portraying a downward trend.
The Zacks Consensus Estimate for the third quarter of 2012 dropped by 5 cents to $1.07 per share in the last 60 days. For the fourth quarter, the Estimate fell 16 cents to $3.59. For fiscal 2012 and 2013, the Zacks Consensus Estimates slid 24 cents and 30 cents to $4.24 and $4.96, respectively, in the last 60 days.
Other Weaknesses
Deckers' over-reliance on the UGG brand is a matter of concern. In the event of stagnation or decline of UGG sales growth, the company's overall results will be affected adversely. This is because the percentage of contribution from the company's other brands are too small to offset any slowdown in UGG sales.
Due to high exposure to international markets, Deckers remains prone to currency fluctuations. The weakening of foreign currencies against the U.S. dollar may require the company to either raise prices or contract profit margins in locations outside the U.S. An increase in price may have an adverse impact on the demand for the products.
Closing Comment
An erratic consumer behavior and a sluggish economic recovery still remain matters of concern. The above analysis supports our unbiased view, and advocates our bearish stand on the stock, which is well defined through our Zacks #5 Rank that translates into a short-term "Strong Sell" rating.
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
NIKE INC-B (NKE): 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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Deckers Outdoor Corporation ( DECK ) seems to be in an unfavorable position as the soft economic environment continues to take its toll on the performance of this designer, producer, and brand manager of innovative, niche footwear and accessories, as evident from its second-quarter 2012 bottom line results. Deckers, which competes with Wolverine World Wide Inc. ( WWW ) and Nike Inc. ( NKE ), also forecasts a gross profit margin contraction of 250 basis points due to increase in costs of goods sold and higher closeout sales level for fiscal 2012. Second Quarter Loss Widened Deckers second-quarter 2012 loss of 53 cents a share fared better than the Zacks Consensus Estimate of loss of 59 cents but widened from a loss of 19 cents delivered in the year-ago quarter due to sluggishness in the European market on account of the ongoing economic crisis.
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Second Quarter Loss Widened Deckers second-quarter 2012 loss of 53 cents a share fared better than the Zacks Consensus Estimate of loss of 59 cents but widened from a loss of 19 cents delivered in the year-ago quarter due to sluggishness in the European market on account of the ongoing economic crisis. DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation ( DECK ) seems to be in an unfavorable position as the soft economic environment continues to take its toll on the performance of this designer, producer, and brand manager of innovative, niche footwear and accessories, as evident from its second-quarter 2012 bottom line results.
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Second Quarter Loss Widened Deckers second-quarter 2012 loss of 53 cents a share fared better than the Zacks Consensus Estimate of loss of 59 cents but widened from a loss of 19 cents delivered in the year-ago quarter due to sluggishness in the European market on account of the ongoing economic crisis. Downhill Estimate Revision Following Deckers' second quarter results, the Zacks Consensus Estimates have been portraying a downward trend. DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deckers Outdoor Corporation ( DECK ) seems to be in an unfavorable position as the soft economic environment continues to take its toll on the performance of this designer, producer, and brand manager of innovative, niche footwear and accessories, as evident from its second-quarter 2012 bottom line results. Second Quarter Loss Widened Deckers second-quarter 2012 loss of 53 cents a share fared better than the Zacks Consensus Estimate of loss of 59 cents but widened from a loss of 19 cents delivered in the year-ago quarter due to sluggishness in the European market on account of the ongoing economic crisis. Deckers, which competes with Wolverine World Wide Inc. ( WWW ) and Nike Inc. ( NKE ), also forecasts a gross profit margin contraction of 250 basis points due to increase in costs of goods sold and higher closeout sales level for fiscal 2012.
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2bc07584-8826-4328-8c39-4815e2455ddb
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724790.0
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2012-09-28 00:00:00 UTC
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Wolverine Prices its Senior Notes - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/wolverine-prices-its-senior-notes-analyst-blog-2012-09-28
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nan
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nan
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Wolverine World Wide Inc . ( WWW ), one of the leading designers, manufacturers and marketers of branded footwear and apparel, priced its $375 million worth of senior notes at 6.125%. Earlier this week, the company stated that the debt offering will carry a guarantee of its certain domestic subsidiaries, and is scheduled to mature in 2020.
Wolverine stated that the net proceeds from the sale of debt would be around $367 million after meeting the expenses and initial purchasers' discounts and will only be offered to the qualified institutional buyers.
The company also stated that the proceeds from the offering will be used to fund its acquisition of the Performance + Lifestyle Group business (the "PLG Business") of Collective Brands Inc ( PSS ). Apart from this, the company intends to repay loans under its credit facility with the amount.
Wolverine is focusing on enhancing its portfolio of brands, thus the company announced the acquisition of Collective Brands' Performance + Lifestyle Group (PLG) unit. The PLG unit sells footwear and related products, both wholesale and retail, for children and adults under popular brands which include Stride Rite, Sperry Top-Sider, Saucony, and Keds.
We expect the acquisition to provide ample opportunities to Wolverine for boosting its growth prospects while facilitating the company to enhance its portfolio of brands.
Going forward, Wolverine expects revenues to be in the low-to-mid-single-digit range, while earnings are expected to remain flat year over year for the third quarter of 2012.
Moreover, for fiscal 2012, the company expects total revenue in the range of $1.46 billion to $1.50 billion, reflecting a year-over-year growth of 3.6% to 6.4%.
Currently, we are maintaining a long-term 'Neutral' recommendation on the stock. However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . ( SKX ), has a Zacks #4 Rank that translates into a short-term 'Sell' rating as secular headwinds act as short-term deterrents for the stock.
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
COLLECTIVE BRND (PSS): 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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However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . DECKERS OUTDOOR (DECK): Free Stock Analysis Report COLLECTIVE BRND (PSS): 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 stated that the net proceeds from the sale of debt would be around $367 million after meeting the expenses and initial purchasers' discounts and will only be offered to the qualified institutional buyers.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report COLLECTIVE BRND (PSS): 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. However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . The company also stated that the proceeds from the offering will be used to fund its acquisition of the Performance + Lifestyle Group business (the "PLG Business") of Collective Brands Inc ( PSS ).
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report COLLECTIVE BRND (PSS): 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. However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . The company also stated that the proceeds from the offering will be used to fund its acquisition of the Performance + Lifestyle Group business (the "PLG Business") of Collective Brands Inc ( PSS ).
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report COLLECTIVE BRND (PSS): 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. However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . The company also stated that the proceeds from the offering will be used to fund its acquisition of the Performance + Lifestyle Group business (the "PLG Business") of Collective Brands Inc ( PSS ).
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90550ac9-709a-4be2-b93d-fba760813fd3
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724791.0
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2012-09-27 00:00:00 UTC
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Largest option buying in equities so far
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DECK
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https://www.nasdaq.com/articles/largest-option-buying-equities-so-far-2012-09-27
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nan
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nan
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Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
Yahoo (YHOO): An investor bought 10,000 November 17 calls for $0.19 and sold an equal number of November 18 calls for $0.07. Volume was more than quadruple open interest at both strikes. The bullish call spread cost $0.12 and will earn a profit of 733 percent if the stock closes at or above $18 on expiration. YHOO rose 1.67 percent to $15.87.
Deckers Outdoor (DECK): An investor purchased 10,000 January 50 calls for $1.05 and $1.10 while selling a large block of shares at the same time. Known as a delta-neutral trade, the strategy will make money from the passage of time rather than a directional move. DECK fell 0.30 percent to $36.12.
Oracle (ORCL): Investors bought more than 6,400 October 31 weekly calls expiring the end of next week for $0.32 to $0.45, looking for the software maker to rally in the short term. ORCL rose 0.88 percent to $31.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor (DECK): An investor purchased 10,000 January 50 calls for $1.05 and $1.10 while selling a large block of shares at the same time. DECK fell 0.30 percent to $36.12. Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
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Deckers Outdoor (DECK): An investor purchased 10,000 January 50 calls for $1.05 and $1.10 while selling a large block of shares at the same time. DECK fell 0.30 percent to $36.12. Yahoo (YHOO): An investor bought 10,000 November 17 calls for $0.19 and sold an equal number of November 18 calls for $0.07.
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Deckers Outdoor (DECK): An investor purchased 10,000 January 50 calls for $1.05 and $1.10 while selling a large block of shares at the same time. DECK fell 0.30 percent to $36.12. Yahoo (YHOO): An investor bought 10,000 November 17 calls for $0.19 and sold an equal number of November 18 calls for $0.07.
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DECK fell 0.30 percent to $36.12. Deckers Outdoor (DECK): An investor purchased 10,000 January 50 calls for $1.05 and $1.10 while selling a large block of shares at the same time. YHOO rose 1.67 percent to $15.87.
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5735c508-174b-4580-8e39-4f925dc6476c
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724792.0
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2012-09-27 00:00:00 UTC
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Jobs Data Corrals the Bulls Back to Wall Street
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DECK
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https://www.nasdaq.com/articles/jobs-data-corrals-bulls-back-wall-street-2012-09-27
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nan
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nan
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"The indices took off to the upside just before noon today, after Spain announced its 2013 budget," remarked Schaeffer's Senior Options Strategist Tony Venosa. "The best thing about today was the market's ability to hold its gains despite the weaker-than-expected durable goods data and second-quarter gross domestic product (GDP) number." In fact, after battling a lull in early trading, the Dow Jones Industrial Average (DJI) took off on a triple-point rally, securing its first up day in the last five sessions.
Click through to see what else was on our radar today:
Option Idea of the Week : Cardinal Health, Inc. ( CAH ).
Call activity was rampant on DryShips Inc. ( DRYS ) , Deckers Outdoor Corp ( DECK ) , and Achillion Pharmaceuticals, Inc. (NASDAQ:ACNH) .
Plus, the semiconductor sector looks bright to near-term options bulls.
And now, a look at the numbers...
The Dow Jones Industrial Average (DJI - 13,485.97) was up more than 109 points at its session high of 13,522.83, and held most of this lead throughout the day. By the time the dust cleared, the Dow notched a 72.5-point, or 0.5%, rise. Twenty-three of its 30 blue chips bounced into positive territory today, with General Electric ( GE ) leading the way with a gain of 2.9%. Wal-Mart Stores, Inc. ( WMT ) paced the declining issues with a 0.3% loss. Meanwhile, The Procter & Gamble Company (PG) parked at breakeven.
The S&P 500 Index (SPX - 1,447.15) and Nasdaq Composite (COMP - 3,136.60) also enjoyed positive returns today, with both indexes finding perches back atop their 20-day trendlines. The SPX pierced the 1,450 level in late-day trading, but couldn't solidify a win above this recent level of support. However, the broad-market index still tacked on 13.8 points, or roughly 1%, by the closing bell. Racking up the best performance of its fellow indexes, the COMP reclaimed its seat above 3,100, surging 42.9 points, or 1.4%, on the day.
The CBOE Market Volatility Index (VIX - 14.84) retreated back below the 15 mark and its 80-day moving average, burning off nearly 2 points, or 11.7%.
Turning to today's major market stories...
Will Cardinal Health, Inc. ( CAH ) flatline in the face of recent support?
Despite the broad-market upswing, ADTRAN, Inc. (ADTN) and Blyth, Inc. (BTH) were among today's few stocks to reach new lows .
Tech and Internet behemoth Google Inc (GOOG) and Dow heavyweight Hewlett-Packard Company (HPQ) saw some analyst-related action today.
Call players bet on an extended rally for DryShips Inc. ( DRYS ) .
While options bulls got a good turn from Achillion Pharmaceuticals, Inc. (NASDAQ:ACNH) , Qihoo 360 Technology Co Ltd (QIHU) gave options speculators a reason to be bearish.
Option Volume Briefs: front-month calls were popular on the Merrill Lynch Semiconductors HOLDRS ETF (NYSEARCA:SMH) , while one bold speculator went long on downtrending Deckers Outdoor Corp ( DECK ) .
For today's activity in commodities, options, and more, head to page 2.
Oil futures turned higher today. Supply concerns amid tensions between Iran and the West, as well as encouraging jobs data, supported the commodity. By the close, crude for November delivery rose $1.87, or 2.1%, to settle at $91.85 per barrel.
After suffering a two-week low in yesterday's action , gold futures did a 180 and rocketed to their highest price since Feb. 28, as bargain-hunting speculators scooped up the commodity. Plus, gold prices in euros hit record highs while economic problems continued to cloud the euro zone. Against this backdrop, December-dated gold jumped $26.90, or 1.5%, to close at $1,780.50 an ounce.
Levels to watch in trading...
Dow Jones Industrial Average (DJI - 13,485.97) - support at 11,500; resistance at 14,000
S&P 500 Index (SPX - 1,447.15) - support at 1,100; resistance at 1,500
Nasdaq Composite (COMP - 3,136.60) - support at 2,400; resistance at 3,400
At the end of every market day, the staff at Schaeffer's Investment Research reviews the trading day in detail, covering major events and key market developments. Don't miss this critical, timely and insightful report. If you enjoyed today's edition of Market Recap, sign up here for free daily delivery straight to your inbox.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication 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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Option Volume Briefs: front-month calls were popular on the Merrill Lynch Semiconductors HOLDRS ETF (NYSEARCA:SMH) , while one bold speculator went long on downtrending Deckers Outdoor Corp ( DECK ) . Call activity was rampant on DryShips Inc. ( DRYS ) , Deckers Outdoor Corp ( DECK ) , and Achillion Pharmaceuticals, Inc. (NASDAQ:ACNH) . "The best thing about today was the market's ability to hold its gains despite the weaker-than-expected durable goods data and second-quarter gross domestic product (GDP) number."
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Call activity was rampant on DryShips Inc. ( DRYS ) , Deckers Outdoor Corp ( DECK ) , and Achillion Pharmaceuticals, Inc. (NASDAQ:ACNH) . Option Volume Briefs: front-month calls were popular on the Merrill Lynch Semiconductors HOLDRS ETF (NYSEARCA:SMH) , while one bold speculator went long on downtrending Deckers Outdoor Corp ( DECK ) . The S&P 500 Index (SPX - 1,447.15) and Nasdaq Composite (COMP - 3,136.60) also enjoyed positive returns today, with both indexes finding perches back atop their 20-day trendlines.
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Call activity was rampant on DryShips Inc. ( DRYS ) , Deckers Outdoor Corp ( DECK ) , and Achillion Pharmaceuticals, Inc. (NASDAQ:ACNH) . Option Volume Briefs: front-month calls were popular on the Merrill Lynch Semiconductors HOLDRS ETF (NYSEARCA:SMH) , while one bold speculator went long on downtrending Deckers Outdoor Corp ( DECK ) . The S&P 500 Index (SPX - 1,447.15) and Nasdaq Composite (COMP - 3,136.60) also enjoyed positive returns today, with both indexes finding perches back atop their 20-day trendlines.
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Call activity was rampant on DryShips Inc. ( DRYS ) , Deckers Outdoor Corp ( DECK ) , and Achillion Pharmaceuticals, Inc. (NASDAQ:ACNH) . Option Volume Briefs: front-month calls were popular on the Merrill Lynch Semiconductors HOLDRS ETF (NYSEARCA:SMH) , while one bold speculator went long on downtrending Deckers Outdoor Corp ( DECK ) . However, the broad-market index still tacked on 13.8 points, or roughly 1%, by the closing bell.
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1a9f62b7-9b07-4e41-bc1c-f007e09326a4
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724793.0
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2012-09-25 00:00:00 UTC
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Wolverine Offers Debt - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/wolverine-offers-debt-analyst-blog-2012-09-25
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nan
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nan
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Wolverine World Wide Inc . ( WWW ), one of the leading designers, manufacturers and marketers of branded footwear and apparel, announced the offering of $375 million worth of senior notes.
The company stated that the issue will have the guarantee of its certain domestic subsidiaries, and is scheduled to mature in 2020.
The announcement reflected the company's strategic approach to utilize the proceeds from the debt offering to fund its acquisition of the Performance + Lifestyle Group business (the "PLG Business") of Collective Brands Inc ( PSS ). Moreover, the company intends to repay loans under its credit facility with the amount.
Earlier in May, Wolverine announced the acquisition of Collective Brands' Performance + Lifestyle Group (PLG) unit. The PLG unit sells footwear and related products, both wholesale and retail, for children and adults under popular brands including Stride Rite, Sperry Top-Sider, Saucony, and Keds.
Moreover, after its dismal second quarter results, it is encouraging to observe the company's focus on enhancing its portfolio of brands, as the deal will provide ample opportunities to boost its profitability.
The company posted lower-than-expected second-quarter 2012 results, however management maintained its earnings guidance for the current fiscal. Wolverine expects fiscal 2012 earnings between $2.70 and $2.80 a share, representing a growth of 8.9% to 12.9% from the prior year.
Further, Wolverine expects total revenue in the range of $1.46 billion to $1.50 billion for fiscal 2012, reflecting a year-over-year growth of 3.6% to 6.4%.
For the third quarter of 2012, the company expects revenues to be in the low-to-mid-single-digit range, while earnings are expected to remain flat year over year.
Currently, we are maintaining a long-term 'Neutral' recommendation on the stock. However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . ( SKX ), has a Zacks #4 Rank that translates into a short-term 'Sell' rating as secular headwinds act as short-term deterrents.
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
COLLECTIVE BRND (PSS): 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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However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . DECKERS OUTDOOR (DECK): Free Stock Analysis Report COLLECTIVE BRND (PSS): 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. ( WWW ), one of the leading designers, manufacturers and marketers of branded footwear and apparel, announced the offering of $375 million worth of senior notes.
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report COLLECTIVE BRND (PSS): 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. However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . The announcement reflected the company's strategic approach to utilize the proceeds from the debt offering to fund its acquisition of the Performance + Lifestyle Group business (the "PLG Business") of Collective Brands Inc ( PSS ).
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DECKERS OUTDOOR (DECK): Free Stock Analysis Report COLLECTIVE BRND (PSS): 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. However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . The announcement reflected the company's strategic approach to utilize the proceeds from the debt offering to fund its acquisition of the Performance + Lifestyle Group business (the "PLG Business") of Collective Brands Inc ( PSS ).
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However, Wolverine, which competes with Deckers Outdoor Corporation ( DECK ) and Skechers USA Inc . DECKERS OUTDOOR (DECK): Free Stock Analysis Report COLLECTIVE BRND (PSS): 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. The announcement reflected the company's strategic approach to utilize the proceeds from the debt offering to fund its acquisition of the Performance + Lifestyle Group business (the "PLG Business") of Collective Brands Inc ( PSS ).
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7c8df646-1959-424c-af96-0a921653a729
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724794.0
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2012-09-07 00:00:00 UTC
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Small-Cap Investor Chuck Royce's Top 5 New Buys
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DECK
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https://www.nasdaq.com/articles/small-cap-investor-chuck-royces-top-5-new-buys-2012-09-07
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nan
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nan
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Chuck Royce , president and co-chief investment officer of the almost 40-year-old The Royce Funds, is primarily a small-cap investor. He described the firm's investing process in his second quarter letter:
"We seek companies that look capable of surviving adversity and flourishing when their fortunes change. Those that generate free cash via high returns on capital can give investors a return in the form of dividends, take advantage of their low valuation by buying back stock, or make acquisitions to grow their business when organic growth is harder to come by. Strong fundamentals mean these companies have the necessary tools to make it through difficult periods and emerge stronger."
Royce also wrote in the same letter that he believes the macro events - Europe, fragile U.S. recovery and Chinese economic deceleration - that have dominated investor behavior should subside and result in a "less extreme, more historically normal phase," with less volatility. In the future, they estimate that stocks will deliver returns in the mid- to upper-single digits.
In the second quarter, Royce's largest new purchases were: Alex & Baldwin ( ALEX ), Entegris Inc. ( ENTG ), Tahoe Resources ( TAHO ), Deckers Outdoor Corp. ( DECK ) and Parametric Technology ( PMTC ).
Royce bought 494,700 shares of Alexander & Baldwin ( ALEX ) in the second quarter. ALEX is the Hawaii-based land, agriculture and transportation company that separated its transportation and land businesses into two publicly traded companies in June, naming the ocean transportation company Matson Inc. ( MATX ). It is thought that Bill Ackman , noted activist investor who owns 8.6% of the company, influenced the decision.
ALEX's agribusiness consists of three sugar plantations of 130,000 acres and is the state's largest farmer. Its real estate business is the state's most active real estate investor, with 88,000 acres primarily on Maui and Kauai and other assets.
ALEX has a market cap of $1.25 billion; its shares were traded at around $30.
In the second quarter, ALEX's real estate leasing operating profit was $10.5 million, compared to $10.4 million the previous year. Its agribusiness reported operating profit was $7 million, a $1.5 million decline from the previous year. The company sold roughly the same amount of sugar in the second quarter, but the price it received for sugar was higher in the second quarter of 2011. The company's revenue in the second quarter was $72.4 million, compared to $73.2 million the previous year.
ALEX can be considered a play on Hawaii's economic recovery. In 2011, the number of building permits declined 26%, but has increased 23.1% as of April 30, 2012. The unemployment rate also declined for the last three years, while GDP grew at a rate of 1.2% for 2010 and 2011.
Royce bought 2,972,000 shares of Entegris ( ENTG ) at an average price of $8. Royce has traded this stock many times in the past, most recently selling out of a position in the first quarter of 2011.
Entegris is a provider of materials management solutions to the microelectronics industry including, in particular, the semiconductor manufacturing and disk manufacturing markets. Entegris has a market cap of $1.21 billion; its shares were traded at around $9.12 with a P/E ratio of 14 and P/S ratio of 1.6. The stock is currently trading near a one-year high P/E of 12.7 times earnings.
In 2011, the company achieved record sales, earnings and cash flow, with new emerging markets performing well and strong contribution from new products, and grew faster than its markets and peers. It also achieved record cash flow from operations, record operating profit, has a cash balance exceeding $265 million and no debt.
In the second quarter, Entegris' sales declined 10% from the prior year, and earnings per share were $0.16 compared to $0.24 the prior year. It expects sales to be flat to do 5% for the fiscal third quarter.
Royce purchased 1,628,400 shares of Tahoe Resources ( TAHO ) . The stock trades for $19 on Friday.
Tahoe Resources Inc. is engaged in the exploration and development of mineral properties in the U.S. for the mining of precious metals. It is focusing on developing its Guatemalan Escobal project into a profitable mining operation and becoming a leading silver producer. The company trades on the Toronto Stock Exchange ( TSX ), and joined the New York Stock Exchange (NYSE) in May 2012.
The Escobal project is still in the exploration, development and construction phase and is awaiting an exploitation permit. It has posted net losses for the last five quarters.
Royce bought 279,000 shares of Deckers Outdoor Corp. ( DECK ) at an average price of $55.50. The stock has declined almost 40% year to date after several years of growth.
Deckers Outdoor Corp. designs, manufactures and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle-related activities, as well as for casual use.
Deckers Outdoor Corp. has a market cap of $1.91 billion; its shares were traded at around $46.12 with a P/E ratio of 11.2 and P/S ratio of 1.4. Deckers Outdoor Corp. had an annual average earnings growth of 40.7% over the past 10 years. GuruFocus rated Deckers Outdoor Corp. the business predictability rank of 4.5-star .
Decker is also the maker of UGG sheepskin boots, which comprises about 62% of its total sales. Baron Funds commented in May that they believed the company faced headwinds from increased costs of sheepskin and one of the warmest winters on record, causing it to issue earnings guidance lower than analysts' expected. "We believe sheepskin prices are peaking and will decline in 2013, giving a cost to 2013 earnings. We also believe weather patterns will eventually return to the mean," Baron Funds wrote .
Royce bought 527,000 shares of Parametric Technology ( PMTC ) at an average price of $21. He has traded this stock numerous times in the past.
Parametric Technology Corporation develops, markets and supports collaborative product commerce software solutions that help companies manage the product development process in order to better shape innovation and achieve sustained competitive advantage. Parametric Technology has a market cap of $2.54 billion; its shares were traded at around $22.37 with a P/E ratio of 20.1 and P/S ratio of 2.2.
In April, Parametric's stock dropped more than 20% in April when it announced its preliminary second-quarter results that were below its guidance. Results were lower primarily because a large European transaction failed to close and performance in North America was beneath expectations, contributing to reduced license sales.
In the third quarter, revenue was toward the higher end of its guidance range and EPS was higher than its guidance range, which sent the stock price up.
See Chuck Royce's portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Chuck Royce.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 the second quarter, Royce's largest new purchases were: Alex & Baldwin ( ALEX ), Entegris Inc. ( ENTG ), Tahoe Resources ( TAHO ), Deckers Outdoor Corp. ( DECK ) and Parametric Technology ( PMTC ). Royce bought 279,000 shares of Deckers Outdoor Corp. ( DECK ) at an average price of $55.50. Deckers Outdoor Corp. designs, manufactures and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle-related activities, as well as for casual use.
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In the second quarter, Royce's largest new purchases were: Alex & Baldwin ( ALEX ), Entegris Inc. ( ENTG ), Tahoe Resources ( TAHO ), Deckers Outdoor Corp. ( DECK ) and Parametric Technology ( PMTC ). Royce bought 279,000 shares of Deckers Outdoor Corp. ( DECK ) at an average price of $55.50. Deckers Outdoor Corp. designs, manufactures and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle-related activities, as well as for casual use.
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In the second quarter, Royce's largest new purchases were: Alex & Baldwin ( ALEX ), Entegris Inc. ( ENTG ), Tahoe Resources ( TAHO ), Deckers Outdoor Corp. ( DECK ) and Parametric Technology ( PMTC ). Royce bought 279,000 shares of Deckers Outdoor Corp. ( DECK ) at an average price of $55.50. Deckers Outdoor Corp. designs, manufactures and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle-related activities, as well as for casual use.
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In the second quarter, Royce's largest new purchases were: Alex & Baldwin ( ALEX ), Entegris Inc. ( ENTG ), Tahoe Resources ( TAHO ), Deckers Outdoor Corp. ( DECK ) and Parametric Technology ( PMTC ). Royce bought 279,000 shares of Deckers Outdoor Corp. ( DECK ) at an average price of $55.50. Deckers Outdoor Corp. designs, manufactures and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle-related activities, as well as for casual use.
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a54b5d4c-9e8b-400b-b450-bef0a7c839e3
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724795.0
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2012-08-17 00:00:00 UTC
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After Hours Most Active for Aug 17, 2012 : FB, QCOM, FIS, MCP, TXN, BAC, EPD, TSS, QQQ, DECK, BMS, FTR
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DECK
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https://www.nasdaq.com/articles/after-hours-most-active-aug-17-2012-fb-qcom-fis-mcp-txn-bac-epd-tss-qqq-deck-bms-ftr-2012
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -.1 to 2,780.2. The total After hours volume is currently 29,658,942 shares traded.
The following are the most active stocks for the after hours session :
Facebook, Inc. ( FB ) is unchanged at $19.05, with 12,991,778 shares traded. Over the last four weeks they have had 9 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2012. The consensus EPS forecast is $0.08. , following a 52-week high recorded in today's regular session.
QUALCOMM Incorporated ( QCOM ) is -0.1271 at $63.17, with 3,002,764 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.98. As reported by Zacks, the current mean recommendation for QCOM is in the "buy range".
Fidelity National Information Services, Inc. ( FIS ) is unchanged at $31.17, with 2,491,251 shares traded. FIS's current last sale is 82.03% of the target price of $38.
Molycorp, Inc ( MCP ) is -0.06 at $9.78, with 1,930,435 shares traded., following a 52-week high recorded in today's regular session.
Texas Instruments Incorporated ( TXN ) is unchanged at $29.86, with 1,809,510 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2012. The consensus EPS forecast is $0.44. TXN's current last sale is 93.31% of the target price of $32.
Bank of America Corporation ( BAC ) is +0.01 at $8.01, with 1,597,326 shares traded. Over the last four weeks they have had 9 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2012. The consensus EPS forecast is $0.13. BAC's current last sale is 89% of the target price of $9.
Enterprise Products Partners L.P. ( EPD ) is -1.87 at $52.01, with 1,000,000 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2012. The consensus EPS forecast is $0.6. As reported by Zacks, the current mean recommendation for EPD is in the "buy range".
Total System Services, Inc. ( TSS ) is unchanged at $23.98, with 859,129 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.34. TSS's current last sale is 92.23% of the target price of $26.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.11 at $68.21, with 678,861 shares traded. This represents a 36.45% increase from its 52 Week Low.
Deckers Outdoor Corporation ( DECK ) is -2.8265 at $47.94, with 654,462 shares traded. Over the last four weeks they have had 9 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $3.74. DECK's current last sale is 74.33% of the target price of $64.5.
Bemis Company, Inc. ( BMS ) is unchanged at $30.78, with 632,369 shares traded. BMS's current last sale is 96.19% of the target price of $32.
Frontier Communications Corporation ( FTR ) is +0.01 at $4.63, with 437,887 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2012. The consensus EPS forecast is $0.07. As reported in the last short interest update the days to cover for FTR is 22.404848; this calculation is based on the average trading volume of the stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corporation ( DECK ) is -2.8265 at $47.94, with 654,462 shares traded. DECK's current last sale is 74.33% of the target price of $64.5. The following are the most active stocks for the after hours session : Facebook, Inc. ( FB ) is unchanged at $19.05, with 12,991,778 shares traded.
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Deckers Outdoor Corporation ( DECK ) is -2.8265 at $47.94, with 654,462 shares traded. DECK's current last sale is 74.33% of the target price of $64.5. The total After hours volume is currently 29,658,942 shares traded.
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Deckers Outdoor Corporation ( DECK ) is -2.8265 at $47.94, with 654,462 shares traded. DECK's current last sale is 74.33% of the target price of $64.5. The following are the most active stocks for the after hours session : Facebook, Inc. ( FB ) is unchanged at $19.05, with 12,991,778 shares traded.
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Deckers Outdoor Corporation ( DECK ) is -2.8265 at $47.94, with 654,462 shares traded. DECK's current last sale is 74.33% of the target price of $64.5. The NASDAQ 100 After Hours Indicator is down -.1 to 2,780.2.
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84632a59-7c80-4a79-9cc3-4d0dad1ec612
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724796.0
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2012-08-11 00:00:00 UTC
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Weekly Guru Bargains Highlights: IAG, DECK, SEE, HEI, TEF
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DECK
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https://www.nasdaq.com/articles/weekly-guru-bargains-highlights-iag-deck-see-hei-tef-2012-08-11
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nan
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nan
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According to GuruFocus updates , these stocks have declined the most since Gurus have bought.
IAMGOLD Corporation ( IAG ): Down 21% Since Mario Gabelli Bought In the Quarter Ended on 2012-03-31
Mario Gabelli initiated holdings in Gold Mining company Iamgold Corporation during the quarter ended 03/31/2012. His purchase prices were between $13.03 and $17.45, with an estimated average price of $14.62. Since then the prices of IAMGOLD Corporation shares have declined by -21% from the estimated average. Mario Gabelli owned 22,650 shares of as of 03/31/2012.
IAMGOLD Corp is an international gold exploration and mining company based in Canada. Iamgold Corporation has a market cap of $4.14 billion; its shares were traded at around $11.48 with a P/E ratio of 10.7 and P/S ratio of 2.5. The dividend yield of Iamgold Corporation stocks is 2.3%. Iamgold Corporation had an annual average earnings growth of 19% over the past 10 years.
IAMGOLD recently reported its unaudited consolidated financial and operating results for the first quarter ended March 31, 2012. Revenues from continuing operations were $404.2 million compared to $414.0 million in the first quarter of 2011.
Mario Gabelli bought 22,650 shares in the quarter that ended on 03/31/2012, which is 0.0022% of the $13.95 billion portfolio of GAMCO Investors. John Paulson owns 3,881,900 shares as of 03/31/2012, an increase of 40.15% from the previous quarter. This position accounts for 0.34% of the $14.96 billion portfolio of Paulson & Co..
Deckers Outdoor Corp ( DECK ): Down 38% Since John Burbank Bought In the Quarter Ended on 2012-03-31
John Burbank initiated holdings in Footwear company Deckers Outdoor Corp during the quarter ended 03/31/2012. His purchase prices were between $62.95 and $90.21, with an estimated average price of $72.61. Since then the prices of Deckers Outdoor Corp shares have declined by -38% from the estimated average. John Burbank owned 56,000 shares of as of 03/31/2012.
DECKERS OUTDOOR CORP. designs, manufactures, and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle related activities, as well as for casual use. Deckers Outdoor Corp has a market cap of $1.61 billion; its shares were traded at around $44.99 with a P/E ratio of 9.4 and P/S ratio of 1.2. Deckers Outdoor Corp had an annual average earnings growth of 40.7% over the past 10 years. GuruFocus rated Deckers Outdoor Corp the business predictability rank of 4.5-star.
DECK recently reported its second quarter 2012 financial results. Net sales increased 13.1% to $174.4 million compared to $154.2 million for the same period last year.
John Burbank bought 56,000 shares in the quarter that ended on 03/31/2012, which is 0.12% of the $2.95 billion portfolio of Passport Capital. Ron Baron bought 81,000 shares in the quarter that ended on 03/31/2012, which is 0.031% of the $16.69 billion portfolio of Baron Funds. PRIMECAP Management bought 15,900 shares in the quarter that ended on 03/31/2012, which is 0.0015% of the $67.24 billion portfolio of PRIMECAP Management. John Burbank owns 55,000 shares as of 03/31/2012, which accounts for 0.12% of the $2.95 billion portfolio of Passport Capital.
CEO Angel R Martinez bought 10,000 shares of DECK stock on 07/11/2012 at the average price of 45.9. Angel R Martinez owns at least 346,740 shares after this. The price of the stock has decreased by 1.98% since. Other insiders have also increased their positions in the company.
Sealed Air Corp ( SEE ): Down 24% Since Robert Olstein Bought In the Quarter Ended on 2012-03-31
Robert Olstein added to his holdings in Containers & Packaging company Sealed Air Corp by 28.21% during the quarter ended 03/31/2012. His purchase prices were between $17.38 and $21.04, with an estimated average price of $18.36. Since then the prices of Sealed Air Corp shares have declined by -24% from the estimated average. Robert Olstein owned 459,000 shares of as of 03/31/2012.
Sealed Air Corporation is a global leader in performance solutions for food, protective and specialty packaging. Sealed Air Corp has a market cap of $2.68 billion; its shares were traded at around $14.02 with a P/E ratio of 10.8 and P/S ratio of 0.5. The dividend yield of Sealed Air Corp stocks is 3.8%.
For the second quarter 2012, Sealed Air reported a loss of $0.07 per share after a $0.27 per share unfavorable effect from special items. This compares with reported net earnings per common share ( EPS ) of $0.37 in 2011. On an adjusted basis, second quarter 2012 EPS was $0.20 compared with second quarter 2011 adjusted EPS of $0.40.
Richard Snow bought 1,725,924 shares in the quarter that ended on 03/31/2012, which is 1.6% of the $2.14 billion portfolio of Snow Capital Management, L.P. Ray Dalio owns 156,300 shares as of 03/31/2012, an increase of 1320.91% from the previous quarter. This position accounts for 0.047% of the $6.73 billion portfolio of Bridgewater Associates. Robert Olstein owns 459,000 shares as of 03/31/2012, an increase of 28.21% from the previous quarter. This position accounts for 1.6% of the $565 million portfolio of Olstein Financial Alert Fund.
Director Jerry R. Whitaker bought 1,100 shares of SEE stock on 05/14/2012 at the average price of 17.51. Jerry R. Whitaker owns at least 4,995 shares after this. The price of the stock has decreased by 19.93% since. There are mixed trades from other insiders.
HEICO Corporation ( HEI ): Down 33% Since Jim Simons Bought In the Quarter Ended on 2012-03-31
Jim Simons added to his holdings in Aerospace company Heico Corporation by 25.36% during the quarter ended 03/31/2012. His purchase prices were between $51.94 and $59.53, with an estimated average price of $52.26. Since then the prices of HEICO Corporation shares have declined by -33% from the estimated average. Jim Simons owned 292,181 shares of as of 03/31/2012.
Heico Corporation is engaged primarily in certain niche segments of the aviation, defense, space and electronics industries through its Hollywood, FL-based HEICO Aerospace Holdings Corp. Heico Corporation has a market cap of $1.92 billion; its shares were traded at around $35.15 with a P/E ratio of 24.9 and P/S ratio of 2.5. The dividend yield of Heico Corporation stocks is 0.3%. Heico Corporation had an annual average earnings growth of 17.3% over the past 10 years. GuruFocus rated Heico Corporation the business predictability rank of 4.5-star.
HEI recently announced its second quarter 2012 financial results. Operating income increased 14% to $37,601,000 in the second quarter of fiscal 2012, up from $32,913,000 in the second quarter of fiscal 2011 and approximated the record operating income reported in the first quarter of fiscal 2012. For the first six months of fiscal 2012, operating income increased 15% to a record $75,233,000, up from $65,285,000 in the first six months of fiscal 2011.
Mario Gabelli owns 43,124 shares as of 03/31/2012, which accounts for 0.016% of the $13.95 billion portfolio of GAMCO Investors.
Telefonica S.A. ( TEF ): Down 22% Since Jeff Auxier Bought In the Quarter Ended on 2012-03-31
Jeff Auxier added to his holdings in Fixed Line Telecommunications company Telefonica S.a. by 28.35% during the quarter ended 03/31/2012. His purchase prices were between $15.82 and $17.3, with an estimated average price of $15.65. Since then the prices of Telefonica S.A. shares have declined by -22% from the estimated average. Jeff Auxier owned 113,186 shares of as of 03/31/2012.
Telefonica is the largest supplier of telecommunications services in the Spanish and Portuguese speaking world. Telefonica S.a. has a market cap of $53.57 billion; its shares were traded at around $12.27 with a P/E ratio of 3.9 and P/S ratio of 0.6. The dividend yield of Telefonica S.a. stocks is 7.2%. Telefonica S.a. had an annual average earnings growth of 22.6% over the past 10 years. GuruFocus rated Telefonica S.a. the business predictability rank of 3.5-star.
David Dreman owns 200,211 shares as of 03/31/2012, an increase of 36.01% from the previous quarter. This position accounts for 0.069% of the $4.79 billion portfolio of Dreman Value Management. Charles Brandes owns 3,079,648 shares as of 03/31/2012, which accounts for 0.45% of the $9.71 billion portfolio of Brandes Investment.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This position accounts for 0.34% of the $14.96 billion portfolio of Paulson & Co.. Deckers Outdoor Corp ( DECK ): Down 38% Since John Burbank Bought In the Quarter Ended on 2012-03-31 John Burbank initiated holdings in Footwear company Deckers Outdoor Corp during the quarter ended 03/31/2012. Since then the prices of Deckers Outdoor Corp shares have declined by -38% from the estimated average. DECKERS OUTDOOR CORP. designs, manufactures, and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle related activities, as well as for casual use.
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This position accounts for 0.34% of the $14.96 billion portfolio of Paulson & Co.. Deckers Outdoor Corp ( DECK ): Down 38% Since John Burbank Bought In the Quarter Ended on 2012-03-31 John Burbank initiated holdings in Footwear company Deckers Outdoor Corp during the quarter ended 03/31/2012. Since then the prices of Deckers Outdoor Corp shares have declined by -38% from the estimated average. DECKERS OUTDOOR CORP. designs, manufactures, and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle related activities, as well as for casual use.
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This position accounts for 0.34% of the $14.96 billion portfolio of Paulson & Co.. Deckers Outdoor Corp ( DECK ): Down 38% Since John Burbank Bought In the Quarter Ended on 2012-03-31 John Burbank initiated holdings in Footwear company Deckers Outdoor Corp during the quarter ended 03/31/2012. Since then the prices of Deckers Outdoor Corp shares have declined by -38% from the estimated average. DECKERS OUTDOOR CORP. designs, manufactures, and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle related activities, as well as for casual use.
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This position accounts for 0.34% of the $14.96 billion portfolio of Paulson & Co.. Deckers Outdoor Corp ( DECK ): Down 38% Since John Burbank Bought In the Quarter Ended on 2012-03-31 John Burbank initiated holdings in Footwear company Deckers Outdoor Corp during the quarter ended 03/31/2012. Since then the prices of Deckers Outdoor Corp shares have declined by -38% from the estimated average. DECKERS OUTDOOR CORP. designs, manufactures, and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle related activities, as well as for casual use.
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0b8e4fd6-f0fe-4c71-857a-12bb386a1b7e
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724797.0
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2012-07-27 00:00:00 UTC
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Deckers Posts Narrower Loss - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/deckers-posts-narrower-loss-analyst-blog-2012-07-27
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nan
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nan
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Deckers Outdoor Corporation ( DECK ) posted second-quarter 2012 loss of 53 cents a share that fared better than the Zacks Consensus Estimate of 59 cents and its own guidance of a loss of 60 cents on the back of higher domestic wholesale and e-commerce sales. However, the quarterly loss widened from a loss of 19 cents delivered in the year-ago quarter.
Deckers' total net sales of $174.4 million came ahead of the Zacks Consensus Estimate of $166 million, and jumped 13.1% from the prior-year quarter, reflecting healthy domestic wholesale sales for UGG and Teva brands coupled with strength across the Sanuk brand. These helped mitigate sluggishness in Europe. The company had earlier forecasted top line growth of 8%.
The company is struggling with sales in Europe due to the ongoing crisis, and is eyeing other profitable markets. Deckers remained focused on product introductions, store augmentation, along with geographic expansion.
Asian markets seem promising with increasing demand for its flagship UGG brand. Distributor sales in Asia surged 70% for the UGG brand. Management intends to focus on China, where the company has increased its store count more than two fold to 13 within a span of one year.
In the year-ago quarter, Deckers had 5 outlets. Sales in Japan, which comprises wholesale, retail and e-commerce, have also been encouraging zooming over 80%. The company operated 12 retail stores in Japan at the end of the quarter.
Segment Discussion
Domestic sales for the quarter grew 37.1% to $113.5 million, whereas international sales dropped 14.7% to $61 million.
UGG brand net sales fell marginally by 0.3% to $107.9 million primarily due to fall in international wholesale and distributor sales. In Europe, sales for the brand declined as the economic climate was not conducive. However, these were to some extent mitigated by growth in domestic wholesale sales and direct-to-consumer sales.
Teva brand net sales tumbled 15.4% to $34.1 million due to a fall witnessed in international wholesale and distributor sales, offset by growth in domestic wholesale and eCommerce sales.
On July 1, 2011, Deckers completed the buyout of the Sanuk brand with an initial payment of $120 million in cash. The sales for the Sanuk brand, known for exclusive sandals and shoes, were $28 million.
Combined net sales of Deckers' other brands for the quarter were $4.5 million, down 21.2% year-over-year.
Retail store sales surged 25% to $25.2 million, propelled by the opening of 21 new stores. The company plans to have a store base of approximately 200 by the end of fiscal 2015. Company-wide comparable-store sales jumped 6.8%. The company intends to enhance its reach in the U.K., as well as France and the Benelux for its signature UGG brand.
Sales for the company's eCommerce business shot up 40.1% to $8 million, attributable to increase sales registered across the UGG brand spring line and Sanuk brand.
Margin Discussion
Despite a 14.2% increase in cost of goods sold, gross profit rose 11.6% to $73.6 million from the prior-year quarter. However, gross profit margin contracted 50 basis points to 42.2% in the quarter due to higher product costs, adverse impact of fall in Europe wholesale sales, and unfavorable foreign exchange, partly mitigated by the addition of Sanuk brand and higher pricing.
Other Financial Aspects
Deckers portrayed a debt-free balance sheet with cash and cash equivalents of $114.4 million and shareholders' equity of $720.1 million at the end of the quarter. Cash and cash equivalents fell significantly from a balance of $325.2 million as of June 30, 2011, on account of cash payment of $153.5 million related to the acquisition of Sanuk brand and $100 million related to share buyback. Inventories surged 64.8% to $346.3 million.
Management continues to expect fiscal 2012 capital expenditures to be approximately $80 million.
During the quarter, Deckers bought back approximately 1,475,000 shares, aggregating $80 million, thereby completely exhausting the $100 million share repurchase authorization, announced in February 2012. The Board of Directors approved another $200 million share repurchase authorization.
Strolling through Guidance
Management continues to project total revenue growth of 14% for fiscal 2012. Deckers anticipates its UGG brand sales to rise approximately 10% and Teva brand sales to be flat to marginally down, whereas other brand sales are expected to decline by approximately 15% to $21 million.
Management had earlier projected Teva brand sales to increase in the low to mid-single-digit range. The company now anticipates sales to be approximately $95 million from the Sanuk brand, up from $90 million previously guided.
Management reiterated that fiscal 2012 earnings will decline between 9% and 10%. Deckers also forecasts a gross profit margin contraction of 250 basis points due to increases in costs of goods sold and closeout sales level, partly offset by calculative price rise, and higher contribution from retail sales and the Sanuk brand. SG&A expense as a percentage of sales is expected to be roughly 30%.
Management forecast a 1% growth in total revenue for the third quarter of 2012 and anticipates 31% decline in earnings per share. Gross margin is expected to be about 43%, whereas SG&A expense as a percentage of sales is anticipated to be around 28%.
The company now foresees a 19% jump in total revenue for the fourth quarter and projects 22% increase in earnings per share. Gross margin is forecasted to be about 50%, and SG&A expense as a percentage of sales is anticipated to be around 21%.
Currently, we have a long-term Underperform recommendation on the stock. Moreover, Deckers, which competes with Nike Inc. ( NKE ) and Wolverine World Wide Inc. ( WWW ), holds a Zacks #4 Rank that translates into a short-term Sell rating.
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
NIKE INC-B (NKE): 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, Deckers, which competes with Nike Inc. ( NKE ) and Wolverine World Wide Inc. ( WWW ), holds a Zacks #4 Rank that translates into a short-term Sell rating. Deckers Outdoor Corporation ( DECK ) posted second-quarter 2012 loss of 53 cents a share that fared better than the Zacks Consensus Estimate of 59 cents and its own guidance of a loss of 60 cents on the back of higher domestic wholesale and e-commerce sales. Deckers' total net sales of $174.4 million came ahead of the Zacks Consensus Estimate of $166 million, and jumped 13.1% from the prior-year quarter, reflecting healthy domestic wholesale sales for UGG and Teva brands coupled with strength across the Sanuk brand.
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Deckers also forecasts a gross profit margin contraction of 250 basis points due to increases in costs of goods sold and closeout sales level, partly offset by calculative price rise, and higher contribution from retail sales and the Sanuk brand. DECKERS OUTDOOR (DECK): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report WOLVERINE WORLD (WWW): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corporation ( DECK ) posted second-quarter 2012 loss of 53 cents a share that fared better than the Zacks Consensus Estimate of 59 cents and its own guidance of a loss of 60 cents on the back of higher domestic wholesale and e-commerce sales.
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Deckers' total net sales of $174.4 million came ahead of the Zacks Consensus Estimate of $166 million, and jumped 13.1% from the prior-year quarter, reflecting healthy domestic wholesale sales for UGG and Teva brands coupled with strength across the Sanuk brand. Deckers anticipates its UGG brand sales to rise approximately 10% and Teva brand sales to be flat to marginally down, whereas other brand sales are expected to decline by approximately 15% to $21 million. Deckers Outdoor Corporation ( DECK ) posted second-quarter 2012 loss of 53 cents a share that fared better than the Zacks Consensus Estimate of 59 cents and its own guidance of a loss of 60 cents on the back of higher domestic wholesale and e-commerce sales.
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Deckers' total net sales of $174.4 million came ahead of the Zacks Consensus Estimate of $166 million, and jumped 13.1% from the prior-year quarter, reflecting healthy domestic wholesale sales for UGG and Teva brands coupled with strength across the Sanuk brand. Deckers anticipates its UGG brand sales to rise approximately 10% and Teva brand sales to be flat to marginally down, whereas other brand sales are expected to decline by approximately 15% to $21 million. Deckers Outdoor Corporation ( DECK ) posted second-quarter 2012 loss of 53 cents a share that fared better than the Zacks Consensus Estimate of 59 cents and its own guidance of a loss of 60 cents on the back of higher domestic wholesale and e-commerce sales.
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e675f286-f91e-4564-b7e4-7bfa116eaaf3
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724798.0
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2012-07-26 00:00:00 UTC
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Skechers' Loss Narrows in 2Q - Analyst Blog
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DECK
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https://www.nasdaq.com/articles/skechers-loss-narrows-in-2q-analyst-blog-2012-07-26
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nan
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nan
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Skechers USA Inc . ( SKX ), which has lately been grappling with the clearance of its excess toning inventory, is now showing signs of stability as evident by its better-than-expected second-quarter 2012 results.
The company delivered a quarterly loss of 4 cents a share that fared far better than the Zacks Consensus Estimate of loss of 12 cents, and showed a substantial improvement from a loss of 62 cents in the year-ago quarter.
With more emphasis on a new line of products, cost containment efforts, inventory management and margin improvement, the company anticipates returning to profitability in the second half of fiscal 2012, and sustaining the momentum in 2013 and thereafter.
Sales
Skechers, which competes with Deckers Outdoor Corporation ( DECK ) and Nike Inc. ( NKE ), stated that total net sales for the quarter dropped 11.6% to $384 million from the prior-year quarter, reflecting lower sales across domestic and international wholesale channel. These were partially offset by increased sales from new stores and Performance lines. Moreover, total revenue came ahead of the Zacks Consensus Estimate of $373 million.
The domestic wholesale business tumbled 18%, reflecting a sales decline in toning and non-Skechers branded product.
International wholesale business experienced a decline of 16%, reflecting a difficult comparison due to strong sales witnessed in the prior-year quarter on account of offloading toning inventory and transition to lower-priced products from the toning category.
A challenging economic climate in Europe, the transition of business in Japan from distributor-operated business to a company-owned subsidiary, and restructuring of Brazilian business also adversely impacted the business. Management expects to witness year-over-year growth in Japan in the second half of 2012, and hinted that Japan will be accretive to the company's international business in 2013.
On a combined basis, retail business sales grew 5%. Domestic retail sales increased 6% due to the addition of 33 new stores, while comparable-store sales fell 3.4%. International retail sales increased 3%, whereas comparable-store sales dropped 6.7%.
The company's licensing division has been another source of revenue, whereby the company licenses its name and images. The company generated $1.6 million in revenue during the quarter from its licensing affiliates, which include apparel, eye wear, watches, backpacks, and stocks.
Management hinted that Li & Fung, one of the leading attire and accessories manufacturers, will launch fitness apparel for both men and women under the Skechers' brand in 2012. This will open up another important source for revenue.
Margins
The quarter marked a significant improvement in gross profit, which increased 19.5% to $171.3 million, reflecting cost containment efforts. Moreover, gross margin expanded by a whooping 1160 basis points to 44.6% attributable to an increase in full-price products in the market coupled with enhanced inventory and strong product sales at retail stores. The company stated that average price per pair increased 8.4% during the quarter in the domestic wholesale segment.
The company reported a loss from operations of $1.5 million, a sharp improvement from a loss of $48.2 million witnessed in the year-ago quarter. The improvement reflects a 26.4% and 3.1% decline in selling expenses and general and administrative expenses, respectively.
Stores Update
During the quarter, Skechers opened 6 domestic stores and 1 international store in Chile, and closed 2 stores bringing the total company-owned Skechers retail stores count to 344. So far in the third quarter, the company has opened 1 concept stores in Chile and plans to open 5 to 7 additional locations over the remaining year. Notably, Skechers concept stores registered a 4% increase in comparable-store sales during the quarter.
The company at the end of the quarter operated 98 outlets under joint venture countries in Asia, including stores operated by licensees, and 219 additional distributor-owned or licensed Skechers retail stores worldwide. During the quarter, Skechers opened 18 Skechers stores, including one each in Philippines, Thailand, Serbia, Jordan, Venezuela and Guam. In Mexico, Malaysia and Australia, the company opened two stores each coupled with six in South Korea. Moreover, the company closed two stores in South Korea and one in China.
Strategic Initiatives
Management remains committed to focus on new lines of products, such as 'Skechers GOrun' and 'Skechers GOwalk,' opening of additional Skechers stores and increasing 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. Management projects international sales to pick up in the back half of the year. Skechers expects to double its company-owned subsidiary business in Japan over the next 3 to 5 years.
Skechers, through its distribution networks, subsidiaries and joint ventures, is poised to enhance its global reach in the footwear market. Skechers' joint ventures in Asia are portraying improvement with growing operations in China, Taiwan, Hong Kong, Singapore and Malaysia.
The company is trying every means to reposition itself for 2012 and beyond. These include lowering of selling and marketing expenses, streamlining inventory and new product offerings.
Other Financial Aspects
Skechers has been right-sizing its inventory. Consequently, total inventories at the end of the quarter were $258.1 million, reflecting a decrease of $67.7 million from the year-ago quarter.
Skechers portrays a healthy balance sheet with cash and cash equivalents of $374.2 million, long-term debt of $71.3 million and shareholders' equity of $853.3 million, excluding non-controlling interest of $40.7 million at the end of the quarter. Capital expenditures for the quarter were approximately $11 million.
Currently, we maintain a long-term 'Outperform' recommendation on the stock. Moreover, Skechers holds a Zacks #1 Rank that translates into a short-term 'Strong Buy' rating.
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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Sales Skechers, which competes with Deckers Outdoor Corporation ( DECK ) and Nike Inc. ( NKE ), stated that total net sales for the quarter dropped 11.6% to $384 million from the prior-year quarter, reflecting lower sales across domestic and international wholesale channel. 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. With more emphasis on a new line of products, cost containment efforts, inventory management and margin improvement, the company anticipates returning to profitability in the second half of fiscal 2012, and sustaining the momentum in 2013 and thereafter.
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Sales Skechers, which competes with Deckers Outdoor Corporation ( DECK ) and Nike Inc. ( NKE ), stated that total net sales for the quarter dropped 11.6% to $384 million from the prior-year quarter, reflecting lower sales across domestic and international wholesale channel. 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. Stores Update During the quarter, Skechers opened 6 domestic stores and 1 international store in Chile, and closed 2 stores bringing the total company-owned Skechers retail stores count to 344.
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Sales Skechers, which competes with Deckers Outdoor Corporation ( DECK ) and Nike Inc. ( NKE ), stated that total net sales for the quarter dropped 11.6% to $384 million from the prior-year quarter, reflecting lower sales across domestic and international wholesale channel. 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. Stores Update During the quarter, Skechers opened 6 domestic stores and 1 international store in Chile, and closed 2 stores bringing the total company-owned Skechers retail stores count to 344.
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Sales Skechers, which competes with Deckers Outdoor Corporation ( DECK ) and Nike Inc. ( NKE ), stated that total net sales for the quarter dropped 11.6% to $384 million from the prior-year quarter, reflecting lower sales across domestic and international wholesale channel. 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. Moreover, gross margin expanded by a whooping 1160 basis points to 44.6% attributable to an increase in full-price products in the market coupled with enhanced inventory and strong product sales at retail stores.
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308c34ed-6648-40f2-b285-7808bdabb2ad
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724799.0
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2012-07-25 00:00:00 UTC
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Bearish MACD for Deckers Outdoor Corp. - Tale of the Tape
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DECK
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https://www.nasdaq.com/articles/bearish-macd-for-deckers-outdoor-corp.-tale-of-the-tape-2012-07-25
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nan
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nan
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Deckers Outdoor Corp. 's ( DECK ) MACD indicator has moved into bearish territory with a reading of -1.3107. The Zacks #4 Rank ("Sell") stock decreased more than 3.10% to $41.16 in morning trade. The Zacks Consensus Estimate on the company's earnings for the year ending December 2012 has decreased by 4 cents over the past week to $4.50 per share.
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 ) MACD indicator has moved into bearish territory with a reading of -1.3107. DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate on the company's earnings for the year ending December 2012 has decreased by 4 cents over the past week to $4.50 per share.
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Deckers Outdoor Corp. 's ( DECK ) MACD indicator has moved into bearish territory with a reading of -1.3107. 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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DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Deckers Outdoor Corp. 's ( DECK ) MACD indicator has moved into bearish territory with a reading of -1.3107. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. 's ( DECK ) MACD indicator has moved into bearish territory with a reading of -1.3107. DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks #4 Rank ("Sell") stock decreased more than 3.10% to $41.16 in morning trade.
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b95e2071-14b9-4a85-b589-cd55938d86f1
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