|Bid||74.910 x 900|
|Ask||74.930 x 800|
|Day's Range||74.733 - 76.030|
|52 Week Range||52.670 - 86.040|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||59.37|
|Earnings Date||Dec 19, 2018 - Dec 24, 2018|
|Forward Dividend & Yield||0.80 (1.06%)|
|1y Target Est||87.76|
On October 18, footwear manufacturer Skechers (SKX) reported mixed third-quarter earnings results, with its earnings beating estimates but its top line falling behind. Skechers stock was up 8.8% in after-hours trading on the day. Skechers stock has fallen ~31% year-to-date as of October 18.
Oppenheimer upgraded Nike (NKE) to “outperform” from “perform” on October 18. As of October 18, out of the 37 analysts covering Nike stock, ~60% have recommended a “buy” rating. Analysts’ 12-month average target price for NKE stock is $87.76, which reflects a 16.1% upside based on its October 18 stock price.
Skechers (SKX) is covered by 13 Wall Street analysts who have positive and neutral views on the company. The company is rated 2.4 on a scale of 1 (strong buy) to 5 (sell). Its ratings have deteriorated over the past six months, as an increasing number of analysts have turned bearish on the stock. The company was rated 1.5 in April and 1.7 in July.
Jim Scholefield is leaving as Nike Inc.’s global CIO to join Merck & Co. as chief information and digital officer, effective Oct. 29. Mr. Scholefield will lead Merck’s information technology and digital strategy, the pharmaceutical company said in a statement Wednesday.
Weakening oil prices and mixed early earnings news sent stocks lower at Thursday's open, but Nike, Walgreens and Alcoa posted early gains.
Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider NIKE Inc (NYSE:NKE). With a market valuation of US$123.0b, NKE is a safe Read More...
Few investors consider Nike Inc (NYSE: NKE ) a tech stock, but Oppenheimer said in an upgrade note that a "technological evolution is underway." The Analyst Oppenheimer's Brian Nagel upgraded ...
Skechers (NYSE:SKX) is the forgotten little brother in the athletic apparel game. The chunky/ugly/dad sneaker trend is in, and Skechers is at the forefront of this rising trend. Strong numbers and a strong guide will easily propel SKX stock higher, given that the stock is trading near 52-week lows and at just 15X forward earnings.
Bulls expect Nike stock to gain over 17% as the legacy global brand embraces the power of digital to enhance most facets of its business.
It has been awhile since I’ve written about Nike (NYSE:NKE) and Nike stock. The last time I wrote about the company was in May, not too long after Nike’s work culture came under attack. At the time, I took a very negative view of Nike’s marginalization of women at the company and suggested the misconduct would hurt Nike stock for a long time to come.
Nike’s (NKE) run isn’t done, argues Oppenheimer. Where we’re headed: Nike is on track for more gains, bolstered by a benign backdrop and ongoing sales momentum, says Oppenheimer. Nike has long been an analyst favorite, but it hasn’t been immune to earnings worries and recent volatility: While the stock was up some 35% year to date before it reported fiscal first-quarter results in late September, that lead has shrunk to just over 22%—although that’s still ahead of the market.