|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||110.530 - 111.115|
|52 Week Range||70.610 - 118.980|
|PE Ratio (TTM)||38.79|
|Forward Dividend & Yield||1.08 (0.96%)|
|1y Target Est||114.72|
Adidas has a new way of making it to the finish line before the competition. The Speedfactory is designed to dramatically cut production time and to get sneakers on store shelves faster. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Dan Robert figure out if this is a revolutionary new way to make sneakers.
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.
Nike Inc. (NYSE:NKE) is like a sports team that has had a bad year and needs to rebuild. The result has been growing skepticism that NKE stock can grow, a view telegraphed and supported by first quarter earnings that were down 22% from a year ago, blamed on lower North American wholesale revenue. Nike is continuing to grow in international markets, and its NIKE Direct channel is doing well with the weakness mainly confined to its Converse brand, down 16%.
Rick Pitino alleges that Adidas deliberately harmed his reputation in a suit filed just one day after he was fired from the University of Louisville.
Former University of Louisville head basketball coach Rick Pitino alleges that the sportswear company tarnished his reputation by implicating him in an alleged conspiracy to funnel bribes to a Louisville ...
Piper Jaffray just released the results of its Fall 2017 Taking Stock With Teens survey, and the numbers were anything but good for Under Armour Inc (NYSE:UAA). This means UAA stock is no longer relevant. Instead, UAA will be lucky to see double-digit revenue growth again while margins should remain under pressure.
Nike Inc (NYSE:NKE) is on life support. This may be true, but we’re a long way from calling in the bankruptcy lawyers. Yes, NKE stock is going through a sales funk at the moment, but I do think there’s a quick remedy. Nike should buy Lululemon Athletica Inc. (NASDAQ:LULU) for $10 billion because it allows the world’s biggest sneaker company to resume its growth trajectory.
Nike is the biggest and best brand in all of athletic apparel. Competition has been hot and that has been eating into Nike’s dominance, but Nike is starting to respond to that competition with strategic initiatives of its own. As those initiatives play out over the next several quarters, Nike will regain its dominance of the athletic retail market.
With Nike (NKE) in danger of falling short of long-term sales forecasts,the athletic apparel icon could take a lesson from its rivals about social media, or so says Wedbush analyst Christopher Svezia. In a note published today previewing the company’s Oct. 25 investor day meeting, Svezia downgraded Nike to Neutral and set a $53 price target for the stock. While we support the sentiment behind and current efforts on certain 2X and Consumer Direct Offense strategies, we feel there is room for improvement in relevant marketing and product innovation.
The latest Piper Jaffray Teen Survey finds that Amazon and Adidas have gained favor with teen shoppers while Nike has lost it.
NKE stock now trades near its lowest levels in two years, which, to some investors, looks like a buying opportunity. Support for Nike stock has held repeatedly at $51, which helps from a technical standpoint.
It's incredibly important to invest for your retirement, but you also need to manage your money correctly while enjoying those golden years. These three investment ideas should help you do that.
If you’re bearish on Nike Inc (NYSE:NKE), you have plenty of reasons to justify your opinion. Although the company beat expectations, Nike stock slipped on bearish guidance. Finally, the NFL’s anthem protests sparked a call to boycott the league’s various sponsors and partners — and Nike is one of them.
Its contract with the University of Louisville is worth $160 million alone. Now Nike has been subpoenaed too.
The bribery scandal unfolding this week involving NCAA and Adidas AG ADS and coaches at four major sports universities is lost on no one who follows sports-least of all a professional athlete who has seen ...
Nike (NKE), which reported its 1Q18 results on September 26, posted a 0.1% YoY (year-over -year) rise in sales to $9.07 billion.
Adidas AG’s mission to expand its basketball footprint in North America hasn’t made a major difference so far. That may now be a comfort to the German athletic-goods company as one of its executives is ...