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The Zacks Analyst Blog Highlights: Under Armour, Nike, Finish Line, Foot Locker and Dick???s Sporting Goods
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For Immediate Release
Chicago, IL – September 28, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Under Armour (NYSE:(UAA - Free Report) – Free Report), Nike (NYSE:(NKE - Free Report) – Free Report), Finish Line (Nasdaq: – Free Report), Foot Locker (NYSE:(FL - Free Report) – Free Report) and Dick’s Sporting Goods (NYSE:(DKS - Free Report) – Free Report).
Here are highlights from Wednesday’s Analyst Blog:
Why Did Under Armour (UA) Sink on Wednesday?
Shares of Under Armour (NYSE:(UAA - Free Report) – Free Report) sunk near their 52-week low on Wednesday after fellow sportswear giant Nike (NYSE:(NKE - Free Report) – Free Report) posted some worrisome results in its first-quarter 2018 earnings report.
Nike beat revenue expectations and topped earnings estimates, but profits fell year-over-year and sales remained flat.
Despite topping Wall Street projections and extending its earnings beat streak to 21 straight quarters, Nike recorded its slowest quarterly sales growth in almost seven years on Tuesday. One of the biggest reasons for this downturn: lagging North American sales, which dipped 3% from the year-ago period.
An array of factors have harmed Nike on its home turf. For one, the rise of e-commerce and online shopping has hurt some of its biggest retail partners’ sales, including Finish Line (Nasdaq: – Free Report), Foot Locker (NYSE:(FL - Free Report) – Free Report), and Dick’s Sporting Goods (NYSE:(DKS - Free Report) – Free Report).
But competition from a major sportswear player has also helped diminish Nike’s North American presence and could continue to cut into its revenues at home down the road.
Adidas recently passed Nike’s Jordan brand as the second-most popular sneaker company in the U.S. Through the first eight months of the year, Adidas claimed 11.3% of the U.S. shoe market, up from 6.6% a year ago, based on a report from the market research group NPD.
Nike’s market share fell just 2% and still dominates the overall U.S. shoe market in terms of total revenue, claiming 37% of all U.S. shoe dollars. But if this slight dip in market share and increased competition has caused Nike investors to worry—its shares dipped over. 3.90% Wednesday—Under Armour investors might just be shaking in their shoes.
Nike has more wiggle room than the Baltimore, Maryland-based athletic apparel brand. For example, the Oregon-based company has already started to adjust to shifting consumer habits through several new initiatives, including inking a deal with Amazon (AMNZ) and making an internal online sales push.
Under Armour is much younger and has had far less overall success. More than that, it seems that the company does not hold the cultural cachet to fight back against Adidas’ U.S. rise and Nike’s number one spot.
Even though the company sponsors some of the most popular athletes in North America, it hasn’t led to great results recently, as Under Armour has seen its stock price plummet almost 58% over the last year.
Shares of Under Armour fell by over 2% on Wednesday to rest just above its 52-week low of $15.92 per share.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Under Armour, Nike, Finish Line, Foot Locker and Dick???s Sporting Goods
For Immediate Release
Chicago, IL – September 28, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Under Armour (NYSE:(UAA - Free Report) – Free Report), Nike (NYSE:(NKE - Free Report) – Free Report), Finish Line (Nasdaq: – Free Report), Foot Locker (NYSE:(FL - Free Report) – Free Report) and Dick’s Sporting Goods (NYSE:(DKS - Free Report) – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday’s Analyst Blog:
Why Did Under Armour (UA) Sink on Wednesday?
Shares of Under Armour (NYSE:(UAA - Free Report) – Free Report) sunk near their 52-week low on Wednesday after fellow sportswear giant Nike (NYSE:(NKE - Free Report) – Free Report) posted some worrisome results in its first-quarter 2018 earnings report.
Nike beat revenue expectations and topped earnings estimates, but profits fell year-over-year and sales remained flat.
Despite topping Wall Street projections and extending its earnings beat streak to 21 straight quarters, Nike recorded its slowest quarterly sales growth in almost seven years on Tuesday. One of the biggest reasons for this downturn: lagging North American sales, which dipped 3% from the year-ago period.
An array of factors have harmed Nike on its home turf. For one, the rise of e-commerce and online shopping has hurt some of its biggest retail partners’ sales, including Finish Line (Nasdaq: – Free Report), Foot Locker (NYSE:(FL - Free Report) – Free Report), and Dick’s Sporting Goods (NYSE:(DKS - Free Report) – Free Report).
But competition from a major sportswear player has also helped diminish Nike’s North American presence and could continue to cut into its revenues at home down the road.
Adidas recently passed Nike’s Jordan brand as the second-most popular sneaker company in the U.S. Through the first eight months of the year, Adidas claimed 11.3% of the U.S. shoe market, up from 6.6% a year ago, based on a report from the market research group NPD.
Nike’s market share fell just 2% and still dominates the overall U.S. shoe market in terms of total revenue, claiming 37% of all U.S. shoe dollars. But if this slight dip in market share and increased competition has caused Nike investors to worry—its shares dipped over. 3.90% Wednesday—Under Armour investors might just be shaking in their shoes.
Nike has more wiggle room than the Baltimore, Maryland-based athletic apparel brand. For example, the Oregon-based company has already started to adjust to shifting consumer habits through several new initiatives, including inking a deal with Amazon (AMNZ) and making an internal online sales push.
Under Armour is much younger and has had far less overall success. More than that, it seems that the company does not hold the cultural cachet to fight back against Adidas’ U.S. rise and Nike’s number one spot.
Even though the company sponsors some of the most popular athletes in North America, it hasn’t led to great results recently, as Under Armour has seen its stock price plummet almost 58% over the last year.
Shares of Under Armour fell by over 2% on Wednesday to rest just above its 52-week low of $15.92 per share.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.