|Bid||38.45 x 100|
|Ask||39.29 x 200|
|Day's Range||38.02 - 39.14|
|52 Week Range||35.87 - 62.88|
|PE Ratio (TTM)||14.95|
|Dividend & Yield||0.68 (1.72%)|
|1y Target Est||N/A|
As if Amazon.com, Inc. (NASDAQ:AMZN) launching Prime Wardrobe on Tuesday wasn’t enough, rumors swirled Wednesday morning that Nike Inc (NYSE:NKE) was going to start selling its products on Amazon.com. Sports retail stocks sputtered. DKS stock also looks good for all the same reasons. Nike selling on Amazon.com is a rather minute change in the big picture, so not much should materially change for Dicks or Foot Locker.
Yesterday, reports circulated that Nike (NKE) would start selling its shoes on Amazon.com (AMZN), much to the detriment of retailers like Foot Locker (FL) and Dick's Sporting Goods (DKS), which tumbled on the news. Not according to Canaccord analysts Camilo Lyon and Pallav Saini, who contend that "the bloom is coming off the rose" at Nike.