|Bid||35.40 x 300|
|Ask||35.41 x 100|
|Day's Range||34.55 - 36.47|
|52 Week Range||34.55 - 62.88|
|PE Ratio (TTM)||13.57|
|Dividend & Yield||0.68 (1.83%)|
|1y Target Est||N/A|
Shares of Nike (NKE) are falling today, likely because of concerns generated by the poor guidance from Hibbett Sports (HIBB). Should investors be worried? Not yet. Hibbett's issues may stem, in part, from ...
Hibbett Sports (HIBB) warned today that its same-store sales had slumped, resulting in what they expect to be a surprise loss during the second quarter. Quo Vadis Capital's John Zolidis points a finger at Nike (NKE): On its most recent conference call, NKE specifically called out the need to reduce the sale of its products in “less differentiated multi-brand distribution” and to control its relationship with the customer more directly. Investors are clearly betting that there will be more headwinds for Hibbett's competitors including Dick's, Foot Locker, and Finish Line.
Wedbush thinks Nike's strategy will keep the retailers insulated.