|Bid||53.830 x 400|
|Ask||53.840 x 1600|
|Day's range||53.000 - 53.950|
|52-week range||49.010 - 60.530|
|PE ratio (TTM)||21.41|
|Earnings date||18 Dec 2017 - 22 Dec 2017|
|Forward Dividend & Yield||0.72 (1.37%)|
|1y target est||58.58|
Nike is an American multinational company engaged in the design, manufacture, marketing, and sale of footwear, apparel, equipment, accessories, and services. Nike is currently a member of the Fortune 500 list with a market cap of $86.6 billion, but what is one share of the business worth?
When Nike hosted its last Investor Day, back in 2015, business was roaring. Nike was on pace to be one of the best performers in the S&P 500 that year, and management was excited about what was in store going forward. The company projected that revenue in North America would hit $20 billion by May 2020, up from about $14 million at the time.
Nike inventories are too high at its brick-and-mortar stores, forcing hefty discounts, said Goldman Sachs, which downgraded the athletic apparel and shoe giant to neutral.
CNBC caught up with Kobe Bryant to talk about his post-basketball career as a businessman, investor, creative visionary and storyteller.
Apple’s (AAPL) stock is under pressure on reports that the tech giant is having some issues with its LTE Watch and demand for the iPhone 8. China’s government has reportedly cut LTE access to the Apple Watch Series 3 over government security concerns. According to the Wall Street Journal, the cellular service was available exclusively to qualified China Unicom customers when the watch went on sale September 22, but new subscriptions after September 28 were cut off without explanation. In a separate report, Reuters, citing Taiwan’s Economic Times, warns the tech giant is cutting production of its iPhone 8.
It's a tale of two sneaker stocks today: Goldman Sachs downgraded Nike (NKE), while Oppenheimer reiterated a bullish stance on Adidas (ADDYY), although the two stocks aren't reacting as you might think. Goldman's Lindsay Drucker Mann and her team cut their rating on Nike to Neutral from Buy, maintain a price target of $54. Mann writes that the shares will be range-bound as Nike works through excess inventory in the U.S., but at the same time valuation will be supported in the low-20 area.
Stocks dropped hard at Thursday's open, as undertow from global markets, company news and mixed early earnings reports took a toll.
U.S. equities fell on Thursday following a record-setting session in which the Dow Jones industrial average closed above 23,000 for the first time.
The Dow looks set to drop around 100 points as U.S. markets look to follow international stocks lower this morning. S&P 500 futures have fallen 0.5% , while Dow Jones Industrial Average futures have declined ...
Shares of Nike Inc. slid 1.6% in premarket trade Thursday, after Goldman Sachs downgraded the stock to neutral from buy, saying it expects them to be range-bound as the company works through excess stock ...
Goldman lowers its rating for Nike to neutral from buy, citing an intense promotional environment for the company's products.
Michael Jordan is showing he still has the ability to score big — even though he hasn't played in nearly 15 years. The Hornets owner's latest slam dunk off the court might come by way of the NBA's new ...
Industry Focus tackles the controversy surrounding the sports apparel giant as shady practices come to light.
Nike’s new basketball jersey ripped while being worn by star LeBron James during the sportswear company’s debut as the official outfitter of the National Basketball Association.
Let me admit my bias right up front: I’m a nut about my Fitbit (FIT). My little Fitbit Alta does an incredible job of turning invisible aspects of my health—sleep cycles, heart rate, activity levels, and so on—into motivating graphs and coaching.
NIKE, Inc. will be hosting an investor day on Wednesday, October 25, 2017 at its world headquarters. NIKE, Inc. Chairman, President and Chief Executive Officer, Mark Parker, and other members of the executive management team will provide an overview of the Company’s long-term strategy and key initiatives to deliver sustainable, profitable growth.
Skechers (SKX) is covered by 12 Wall Street analysts, who have a positive view on the company. It has received a rating of 2 on a scale of 1 (strong buy) to 5 (sell).
On Friday night, Bloomberg reported that Amazon.com (AMZN) was planning to start making its own athletic apparel, while using the same vendors as Gap (GPS) and Lululemon Athletica (LULU) to boot. Could it be that Amazon won't pose as big a threat to athletic apparel makers? KeyBanc's Edward Yruma and team explain why Amazon could have a harder time disrupting that market: Recent news reports of Amazon making progress in developing an athletic line with key athletic vendors, including Eclat Textile and Makalot Industrial, is not a surprise given recent key hires and strategic focus on apparel.
The Zacks Analyst Blog Highlights: NIKE, Cisco Systems, Gilead Sciences, Las Vegas Sands and Aon