|Bid||0.00 x 800|
|Ask||74.50 x 900|
|Day's range||74.14 - 76.05|
|52-week range||52.67 - 86.04|
|Beta (3Y Monthly)||0.77|
|PE ratio (TTM)||58.80|
|Earnings date||19 Dec 2018 - 24 Dec 2018|
|Forward dividend & yield||0.80 (1.06%)|
|1y target est||87.76|
Investor reaction might have seemed disproportionate to Kylie Cosmetics coming to Ulta Beauty, but Wall Street pros say this is symbolically significant.
On October 18, footwear manufacturer Skechers (SKX) reported mixed third-quarter earnings results, with its earnings beating estimates but its top line falling behind. Skechers stock was up 8.8% in after-hours trading on the day. Skechers stock has fallen ~31% year-to-date as of October 18.
Oppenheimer upgraded Nike (NKE) to “outperform” from “perform” on October 18. As of October 18, out of the 37 analysts covering Nike stock, ~60% have recommended a “buy” rating. Analysts’ 12-month average target price for NKE stock is $87.76, which reflects a 16.1% upside based on its October 18 stock price.
Skechers (SKX) is covered by 13 Wall Street analysts who have positive and neutral views on the company. The company is rated 2.4 on a scale of 1 (strong buy) to 5 (sell). Its ratings have deteriorated over the past six months, as an increasing number of analysts have turned bearish on the stock. The company was rated 1.5 in April and 1.7 in July.
Weakening oil prices and mixed early earnings news sent stocks lower at Thursday's open, but Nike, Walgreens and Alcoa posted early gains.
Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider NIKE Inc (NYSE:NKE). With a market valuation of US$123.0b, NKE is a safe Read More...
Nike’s (NKE) run isn’t done, argues Oppenheimer. Where we’re headed: Nike is on track for more gains, bolstered by a benign backdrop and ongoing sales momentum, says Oppenheimer. Nike has long been an analyst favorite, but it hasn’t been immune to earnings worries and recent volatility: While the stock was up some 35% year to date before it reported fiscal first-quarter results in late September, that lead has shrunk to just over 22%—although that’s still ahead of the market.
Can Skechers Hit Its Stride in Q3 2018? ETF investors seeking to add exposure to SKX can consider the Invesco S&P Mid-Cap 400 Pure Growth ETF (RFG), which invests ~1.3% of its portfolio in the company.
Skechers (SKX) is slated to report its third-quarter results after the market closes on October 18. Wall Street expects to see a 14.0% YoY (year-over-year) decline in Skechers’ EPS to $0.51.
The Zacks Analyst Blog Highlights: JPMorgan, Citigroup, NIKE, Constellation Brands and Marriott
Retail has outperformed for much of the year, but investors now need to be much more selective amid the sector’s retreat, says Nomura.
Shares of Adidas (ADDYY) have cooled recently after an impressive two-year run. But the German sportswear giant looks like a strong buy at the moment as it continues to perform well against rival Nike (NKE).
Stocks sold off hard into the close as the Dow Jones industrial average joined the other key market indexes by giving up its 50-day moving average.
Athletic Wear Brand Hylete Now Raising $3.5 million in Shares; Eyes 2019 IPO By John Jannarone Lululemon has been turning heads this year. Thanks largely to success in its e-commerce business, the athleisure brand has blown away even bullish estimates and triggered multiple rounds of analyst upgrades. Lululemon shares have doubled so far in 2018, […]
Most of the apparel sector stocks were deep in the red on October 10. European fashion giant LVMH-Moet Hennessy Louis Vuitton has a cautious view on China.
Mary Bono resigned as interim chief of USA Gymnastics on Tuesday, only four days into the job, after she drew fire for a tweet she sent criticizing Nike use of former NFL quarterback Colin Kaepernick in an ad campaign. Jonah Green has more.