Markets have had an impressive couple of weeks. The Dow was at 12,196 at the close on Wednesday. That’s up from a healthy 12,045 a week ago.
Remember – two weeks ago the Dow closed at 11,257. That’s an increase of almost 1,000 points in half a month!
As a result there’s a lot of food for thought out there on the equities. So take a timeout from all that news. We’ve got another company for your radar.
Industry Textile – Apparel Footwear & Accessories
Recent Price $2.75
Market Cap $97.9 m
Shares Outstanding 35.6 m
Average Volume 215,371
Dividend Yield N/A
K-Swiss (KSWS) is a sports equipment company. They primarily design, develop and market footwear, apparel and accessories.
On top of their K-Swiss brand are a couple of specialty names. Like Palladium, a brand of footwear for users going to exotic rough locales.
They also have Form Athletics, an extensive line of martial arts equipment.
The company uses a sales force of representatives and sales executives. K-Swiss primarily sells gear to sporting goods stores.
K-Swiss’ third quarter numbers were released on November 3, 2011.
The company reported revenue of $80.5 million in the third quarter. Up from last year’s third quarter revenue of $61.5 million. This is an increase of 30.8%. KSWS also reported a net loss of $15.4 million… an improvement year-over-year from a loss of $28.3 million.
As of September 30, 2011, the company reported $37.4 million in cash and long-term debt of $155,000.
KEY METRICS ANALYSIS
Trailing P/E N/A
Price / Sales 0.36 x
Return on Assets -13.7%
Insider ownership 1 %
Short Ratio 5.6 x
Current Ratio 4.1 x
Total Debt To Equity 8.1 x
Most of the news coming out of K-Swiss is about their sponsored athletes and the occasional announcement regarding their SEC filings.
Their most recent news release is about the Marines Ironman 70.3 World Championship. Three of their sponsored athletes finished in the top 5 of that race. Wearing K-Swiss gear of course.
Around the same time in September they also announced a new ad campaign. The campaign includes well-known trainer Jillian Michaels and comedian Kaitlin Olson.
The campaign was carried out in partnership with Lady Footlocker.
Steven Nichols – CEO
George Powlick – CFO
Edward Flora – COO
David Nichols – Executive VP
Chart Courtesy of StockCharts.com
KSWS’ 52-week low was $2.56 and the 52-week high was $13.04. Right now the stock is trading at $2.75. The 50-day moving average is near $3.47 a share and the 200-day moving average is at $6.72. The company has a market cap of $98.3 million and 35.6 million shares outstanding.