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Profile - Stride Rite Corp. (NYSE:SRR)
As of 3-Feb-2000
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Upcoming Events
Mar  6Add this event to your Yahoo! CalendarEarnings Announcement
Location
191 Spring Street, P.O. Box 9191
Lexington, MA 02420
Phone: (617) 824-6000
Fax: (617) 824-6969
Email: corpcomm@striderite.com
Employees as of 11/98: 2,400
Financial Links
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 ·Upgrade/Downgrade History
 ·Historical Quote Data
 ·Journal Archive
 ·Raw SEC Filings
Competitors:
 ·Sector: Consumer Cyclical
 ·Industry: Footwear
Company Websites
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 ·Investor Relations
 ·Employment
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Index Membership
 ·S&P 600 SmallCap
Ownership
·Insider: 14%
·Over the last 6 months:
 · 2 insider sells; 306.0K shares
  (4.6% of insider shares)
·Institutional: 69% (81% of float)
(243 institutions)
·Net Inst. Selling: 298.0K shares (+0.94%)
(prior quarter to latest quarter)
Business Summary
The Stride Rite Corporation markets children's footwear, as well as athletic and casual footwear for children and adults. Children's footwear, primarily designed for consumers between the ages of six months and 12 years, encompasses a complete line of products in traditional styles, including dress and recreational shoes, boots, sandals, and sneakers. Sneakers and casual footwear for adults and children are also sold, as well as marine footwear and outdoors recreational, hand-sewn and dress footwear for adults and children. The Company's portfolio of brands includes Stride Rite, Keds, Pro-Keds, Sperry Top-Sider, Grasshoppers, Street Hot, Tommy Hilfiger and Nine West Kids. The Company sells its products nationwide through retail outlets, including department stores, sporting goods stores and marinas, and other shoe stores operated by independent retailers. In addition, the Company owns more than 100 Stride Rite stores and various Great Feet! stores in malls across the country.
Financial Summary
The Stride Rite Corporation is a marketer and manufacturer of athletic and casual footwear for children and adults. For the nine months ended 8/27/99, net sales rose 7% to $470.4 million. Net income fell 3% to $26 million. Revenues reflect increases in the Company's wholesale divisions due to an improved product mix and higher sales of Tommy Hilfiger products. Earnings were offset by a $3.3 million nonrecurring charge and the absence of a $3.8 million real estate gain.

Recent Earnings Announcement
For the 3 months ended 12/03/1999, revenues were 102,306; after tax earnings were 399. (Preliminary; reported in thousands of dollars.)

Officers[Insider Trade Data]
FY1998 Pay

David Chamberlain
Chairman and CEO
--  
Diane Sullivan, 43
Pres, COO
$399K
John Kelliher, 47
CFO, VP-Fin., Treasurer
--  
Myles Slosberg, 62
Director
--  
Joseph Barrell, 47
Sr. VP - Operations
--  
Dollar amounts are as of 27-Nov-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..


More from Market Guide: Highlights -Performance - Ratio Comparisons

Statistics at a Glance -- NYSE:SRRAs of 3-Feb-2000
Price and Volume
52-Week Low
on 13-Dec-1999
$5.188
Recent Price$6.063
52-Week High
on 14-Apr-1999
$13.438
Beta1.28 
Daily Volume (3-month avg)250.8K
Daily Volume (10-day avg)184.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3mo | 1yr | 2yr | 5yr | max]
52-Week Change-42.6%
52-Week Change
relative to S&P500
-49.7%
Share-Related Items
Market Capitalization$278.9M
Shares Outstanding46.0M
Float39.6M
Dividends & Splits
Annual Dividend (indicated)$0.20 
Dividend Yield3.30%
Last Split: 2 for 1 on 19-Dec-1991
Per-Share Data
Book Value (mrq*)$5.69 
Earnings (ttm)$0.57 
Earnings (mrq)$0.01 
Sales (ttm)$12.73 
Cash (mrq*)$0.96 
Valuation Ratios
Price/Book (mrq*)1.07 
Price/Earnings (ttm)10.69 
Price/Sales (ttm)0.48 
Income Statements
Sales (ttm)$572.7M
EBITDA (ttm*)$41.6M
Income available to common (ttm)$26.4M
Profitability
Profit Margin (ttm)4.6%
Operating Margin (ttm)5.6%
Fiscal Year
Fiscal Year EndsNov 27
Most recent quarter
(fully updated)
27-Aug-1999
Most recent quarter
(flash earnings)
30-Nov-1999
Management Effectiveness
Return on Assets (ttm)7.68%
Return on Equity (ttm)10.42%
Financial Strength
Current Ratio (mrq*)3.31 
Debt/Equity (mrq*)0 
Total Cash (mrq)$57.2M
Short Interest
As of 10-Jan-2000
Shares Short440.0K
Percent of Float1.1%
Shares Short
(Prior Month)
326.0K
Short Ratio1.37 
Daily Volume322.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-Nov-1999, except mrq*/ttm* items as of 27-Aug-1999)

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