New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 4, 2014
09:56 EDTUA, LULU, NKE, SKXUnder Armour rises after analyst says growth potential underestimated
Shares of athletic apparel maker Under Armour (UA) are rising after research firm Jefferies upgraded the stock to Buy from Neutral in a note to investors earlier today. WHAT'S NEW: Jefferies analyst Randal Konik wrote that the firm's survey indicates that Under Armour's dominance with young people and women is growing, while many men are also buying the company's athletic apparel. The market is underestimating Under Armour's long-term growth potential, contended Konik, who predicted that the company can generate $15B in sales over the next decade, as athletic apparel sales should continue to be strong. He raised his price target on the shares to $65 from $50. OTHERS TO WATCH: Nike (NKE) competes with Under Armour in apparel, footwear, and other areas. lululemon (LULU) also makes athletic apparel, while Skechers (SKX) makes sports footwear. PRICE ACTION: In early trading, Under Armour gained 1.2% to $51.71.
News For UA;LULU;NKE;SKX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
October 24, 2014
10:29 EDTUAOptions with decreasing implied volatility
Subscribe for More Information
October 23, 2014
09:29 EDTUAUnder Armour says forex 'working against' company at end of year
Says foreign exchange may also "work against" the company a bit in FY15.
09:22 EDTNKENike CEO 'bullish' on partnership with Apple
Nike (NKE) CEO Mark Parker made comments in an interview on Bloomberg TV. Reference Link
09:20 EDTUAUnder Armour sees FY15 gross margin gains 'relatively consistent' with 2014
Subscribe for More Information
09:18 EDTUAUnder Armour sees FY15 revenue, operating income up 22%
The company said, based on its current visibility, its is planning 2015 net revenues and operating income to each grow approximately 22%, which it notes is within the range of its long-term growth rates established at its 2013 Investor Day. FY15 revenue and EPS consensus $3.73B and $1.21, respectively. The 22% growth rate for FY15, issued on the company's Q3 earnings conference call, compares to the company's raised FY14 revenue growth view of 30% and FY14 operating income growth view to 31%.
09:04 EDTUAOn The Fly: Pre-market Movers
Subscribe for More Information
08:40 EDTUAUnder Armour guidance confirms a deceleration in growth, says UBS
Subscribe for More Information
07:50 EDTSKXSkechers price target raised to $67 from $65 at Susquehanna
Subscribe for More Information
07:09 EDTUAUnder Armour raises FY14 revenue view to $3.03B from $2.98B-$3B
Consensus $3.02B. Raises 2014 operating income outlook to approximately $348M from $343M-$345M. The company said, "Our plans of crossing $3 billion in net revenues and achieving 30% growth this year represent significant milestones for the Brand, but we believe we are just getting started. We are delivering consistent top line results while making the right investments to support both the near- and long-term opportunities of the Brand. This includes investments to build world-class design and innovation capabilities for all of our products, accelerate our international footprint, and expand our 30 million users under our Connected Fitness platform...We are proud of what we have built and continue to see ourselves as a much larger brand than the $3B in revenues we are projecting for 2014."
07:07 EDTUAUnder Armour reports Q3 apparel revenue up 26% to $705M
Subscribe for More Information
07:06 EDTUAUnder Armour reports Q3 EPS 41c, consensus 40c
Subscribe for More Information
October 22, 2014
18:34 EDTSKXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 13.1% after reporting third quarter results and increasing share repurchase authorization to $250M... Infinera (INFN), up 9.8%... Tractor Supply (TSCO), up 11.8%... Acacia Research (ACTG), up 7.7%... Marketo (MKTO), up 4.5%... O'Reilly Automotive (ORLY), up 3.9%... Fortinet (FTNT), up 1.5%... Mellanox (MLNX), up 2.9%... ServiceNow (NOW), up just under 1%. ALSO HIGHER: CarMax (KMX), up 1% after announcing a $2B increase to its share repurchase program. DOWN AFTER EARNINGS: Air Methods (AIRM), down 19.8% following preliminary third quarter results... Yelp (YELP), down 13.6%... Core Laboratories (CLB), down 7.9%... Varian Medical (VAR), down 4.9% after reporting fourth quarter results... Open Text (OTEX), down 3.9%... Citrix (CTXS), down 5.7%... Cheesecake Factory (CAKE), down 4.5%... Allied World (AWH), down 4.7%... Lam Research (LRCX), down 3.3%... Skechers (SKX), down just under 1% after reporting third quarter results above analyst estimates... AT&T (T), down 1.5%. ALSO LOWER: DIRECTV (DTV), down just under 1% following AT&T third quarter results... Alcobra (ADHD), down 16% following results of MDX study... WidePoint (WYY), down 8.1% after filing an automatic common stock shelf... New Mountain Finance (NMFC), down 4.4% after filing to sell 5M shares of common stock.
16:30 EDTSKXSkechers sees momentum carrying into 2015
The company said, "The continuous record revenue quarters in 2014 and the strong growth in all of our key business segments is evidence of the relevancy and demand for Skechers footwear worldwide. The more than 50 percent increase in our backlogs at the end of September and the strong sales during the first few weeks of October give us confidence that the momentum we are experiencing now will continue for the remainder of the year and into 2015. We are continuing our retail expansion and plan to open an additional 10 to 15 Company-owned Skechers stores before the end of the year, in addition to the 22 that opened in the third quarter and the five that have already opened this month. We also plan to open another 35 to 45 Skechers stores through our international distributor and franchise partners before the end of the year—which will bring us to the 1,000 store milestone. We are also improving our international efficiencies with the opening of a new distribution facility in Chile in the third quarter and the completion of phase one of the automation of our European Distribution Center in Belgium in the fourth quarter. With our relevant product and advertising, market share gain, and solid financial position, including, $440.8 million in cash, the Company is well positioned for continued growth. Though the fourth quarter is historically our smallest sales quarter for our international division, we remain comfortable with the analysts’ current consensus for both revenue and earnings. Given the strength of our backlogs for the first quarter of 2015, we anticipate top-line growth to be 15 to 20 percent.”
16:07 EDTSKXSkechers reports Q3 EPS $1.00, consensus 93c
Subscribe for More Information
15:37 EDTUANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 71c; Union Pacific (UNP), consensus $1.52; 3M (MMM), consensus $1.96; AbbVie (ABBV), consensus 77c; Celgene (CELG), consensus 95c; Eli Lilly (LLY), consensus 67c; Occidental Petroleum (OXY), consensus $1.57; Caterpillar (CAT), consensus $1.36; Alexion Pharmaceuticals (ALXN), consensus $1.16; Precision Castparts (PCP), consensus $3.32; Raytheon (RTN), consensus $1.60; American Electric Power (AEP), consensus $1.02; Southwest Airlines (LUV), consensus 53c; Lorillard (LO), consensus 90c; T. Rowe Price (TROW), consensus $1.15; Mead Johnson (MJN), consensus 91c; Zimmer Holdings (ZMH), consensus $1.30; Nucor (NUE), consensus 73c; Nielsen (NLSN), consensus 65c; Prologis (PLD), consensus 46c; Sigma-Aldrich (SIAL), consensus $1.06; Under Armour (UA), consensus 40c; EQT (EQT), consensus 56c; Dr Pepper Snapple (DPS), consensus 88c; Cameron International (CAM), consensus $1.10; Coca-Cola Enterprises (CCE), consensus 89c; Quest Diagnostics (DGX), consensus $1.08; CMS Energy (CMS), consensus 41c; Airgas (ARG), consensus $1.29; PulteGroup (PHM), consensus 36c; Diamond Offshore (DO), consensus 79c; Bemis (BMS), consensus 67c.
15:27 EDTLULUlululemon management to meet with William Blair
Subscribe for More Information
14:32 EDTUAUnder Armour October weekly 66 straddle priced for 8.4% move into Q3
Subscribe for More Information
13:54 EDTNKENike expects womens business to reach $7B in revenue by FY17
Subscribe for More Information
07:39 EDTUAUnder Armour volatility elevated into Q3 and growth outlook
Subscribe for More Information
04:57 EDTLULUlululemon partners with Dalai Lama Center
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use