|Day Low/High||25.22 / 26.14|
|52 Wk Low/High||13.08 / 26.40|
The portfolio of 22 smaller names has slid into negative territory, showing the pressure the market has put of late on smaller-cap stocks.
A cornucopia of specialty retailers took it on the chin on Friday after the group showed signs of life on Thursday.
Shares of several retailers rode the coattails of Nordstrom and Dick's Sporting Goods on their favorable earnings releases Thursday, but Friday offers a mixed bag.
As we enter the dog days of summer, with lower volume and perhaps more volatility, portfolio performance may get interesting.
There may still be opportunities to play off the markets' perception that the retail sector is dead.
This is the first inception-to-date period that the portfolio has not outperformed its benchmarks.
These 22 stocks in the aggregate are still outpacing the Russell 2000 and Russell Microcap indices, but by a narrower margin than before.
The fourth quarter's dreadful performance may seem like a distant memory, but it was quite brutal.
Shares of the sporting goods retailer climbed more than 20% on a big fourth-quarter beat and favorable guidance.
Let's talk about the elephant in the room: the sporting goods retailer's dividend yield.
These 22 stocks in the aggregate continue to outpace the Russell 2000 and Russell Microcap indices as all but three are in positive territory.
Titan Machinery is the top performer so far in 2019, up 38% since portfolio launch.
The 22 names in the portfolio as a group are outpacing the value components of the Russell 2000 and Russell Microcap indices.
Despite disappointing performance this year, the strategy has shown solid return in the past.
It was not a great year for this value portfolio, with only 5 stocks in positive territory for the year.
Easier said than done: They also have to turn sales around.
Names as varied as Tilly's, Build-A-Bear Workshop, Hibbett Sports and Nordstrom all took hits in the midst of the holiday shopping season.
Earnings season is here and it has already moved into high gear.
The big question for TPR is whether the China concerns are overblown, or will continue to weigh on the sector.
This mix of 20 deep-value names was outperforming a couple Russell indices three months back but is trailing them now.
Especially painful are situations where a name begins to drop almost immediately after taking a position.
The parent of Victoria's Secret is becoming enticing as a value investment, while Hibbett may be worth another shot.
Dick's Sporting Goods and Foot Locker are among the specialty retailers that bounced back after a butt-whooping last summer.
The sale of FOSL and CATO, and a partial HIBB, have significantly reduced my overall exposure.
It can be hard to regret even profitable trades when your investment philosophy typically has you out of stocks early.