NKE - NIKE, Inc.

NYSE - NYSE Delayed Price. Currency in USD
98.43
+1.03 (+1.06%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close97.40
Open98.78
Bid98.40 x 1300
Ask98.96 x 800
Day's Range98.02 - 99.66
52 Week Range60.00 - 105.62
Volume5,238,147
Avg. Volume7,502,073
Market Cap153.062B
Beta (5Y Monthly)0.81
PE Ratio (TTM)61.52
EPS (TTM)1.60
Earnings DateSep 22, 2020 - Sep 28, 2020
Forward Dividend & Yield0.98 (1.00%)
Ex-Dividend DateMay 29, 2020
1y Target Est110.11
  • Gap's Deal With Kanye West Is Smart If Done Right
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    Gap's Deal With Kanye West Is Smart If Done Right

    Every so often a company does something that just makes so much sense, and the deal that Gap (NYSE: GPS) has signed with Kanye West is one of them. Whether you like him or not (or merely shrug and roll your eyes when you hear his name), West bringing his Yeezy line of clothes to Gap is a really smart move for the retailer. While Nike (NYSE: NKE) didn't really need the assist when his first line of Air Yeezy sneakers was introduced back in 2009, it was still a notable development because it was the footwear maker's first non-athlete-branded sneaker.

  • Were Hedge Funds Right About NIKE, Inc. (NKE)?
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    Were Hedge Funds Right About NIKE, Inc. (NKE)?

    We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]

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  • 3 Growth Opportunities for Nike
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    3 Growth Opportunities for Nike

    Nike (NYSE: NKE) posted robust growth in its digital business last quarter, but it wasn't enough to offset the losses at physical stores. Overall, total revenue dropped 38% year over year due to store closures. During the conference call, management laid out a long-term growth roadmap, outlining specific areas where Nike will be investing during this downturn.

  • Here’s the Slam Dunk in Nike’s Grim Earnings Report
    Motley Fool

    Here’s the Slam Dunk in Nike’s Grim Earnings Report

    When Nike (NYSE: NKE) reported a 38% revenue decline in the fiscal 2020 fourth quarter, I'm sure more than one investor cringed. In the fourth quarter, Nike's digital sales soared 75% and made up 30% of total revenue.

  • Retail slumps as coronavirus keeps shoppers away
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    Retail slumps as coronavirus keeps shoppers away

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  • Thomson Reuters StreetEvents

    Edited Transcript of NKE earnings conference call or presentation 25-Jun-20 9:00pm GMT

    Q4 2020 Nike Inc Earnings Call

  • 3 Top Retailers to Buy in July
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    3 Top Retailers to Buy in July

    Economic growth might be weak, with a soft economy made worse by additional outbreaks of COVID-19. The recent earnings report by industry leader Nike (NYSE: NKE) helped illustrate just how strong lululemon athletica's (NASDAQ: LULU) business is today. The apparel specialist only endured a 17% sales decline through early May, while Nike's revenue dove by 38% in its comparable fiscal fourth quarter.

  • Nike Stock Will Surge 15% From Current Levels, Says Analyst
    SmarterAnalyst

    Nike Stock Will Surge 15% From Current Levels, Says Analyst

    The coronavirus’ impact spares no one. Nike (NKE) surprised Wall Street on Friday, when the sportwear giant took a beating by COVID-19 in its F4Q20 earnings report. The market reacted as the market does and sent shares down by 7.5% in the session.In the quarter, the swish machine reported revenue of $6.31 billion, exhibiting a 38% year-over-year drop and missing the estimates by $950 million. GAAP EPS of -$0.51 missed by $0.54. The overall decline pressured gross profit margin, which came in at 37.3%, lower than the Street’s call for 43.4%.Broken down by region, sales in the U.S. dropped by 46%, and in Europe by 44%. Only China came in positive, clocking a slight 1% uptick, with sales improving during the quarter.It was impossible to avoid the coronavirus’ devastating effect across the globe. For eight weeks in F4Q, 90% of Nike stores were shut across North America, EMEA (Europe, the Middle East, and Africa) and APLA (Asia Pacific & Latin America). While digital demand pushed ahead, showing 79% year-over-year growth, it could not make up for the overall slump in retail sales.90% of Nike stores have now reopened, and despite improving traffic, the numbers are still down year-over-year, prompting Nike to guide for lower F1H21 sales.However, the crushing quarterly statement hasn’t dimmed Needham analyst Rick Patel’s enthusiasm for Nike. The analyst expects the footwear and apparel giant to bounce back “faster, leaner and stronger.”Patel commented, “Covid-19 hurt Nike sales more than expected in F4Q20, and FY21 sales growth is planned to be muted. Despite headwinds that should continue through F1H21, we view NKE’s LT bull case remains intact: 1) Growth through direct channels is accelerating due to digital demand; 2) Greater China has already rebounded to positive growth and remains an attractive LT opportunity; 3) Innovative products and marketing are driving outperformance of women’s and kids, areas of strategic importance; and 4) data science is enabling better decision-making, benefiting sales and margins.”Accordingly, Patel reiterated a Buy on NKE along with a $113 price target. Upside from current levels is 15%. (To watch Patel’s track record, click here)Overall, sentiment remains extremely positive across the Street. 1 Sell and 4 Holds are up against 21 Buys, which coalesce to a Strong Buy consensus rating. There is 18% upside in the cards, should the average price target of $110.21 be met over the next 12 months. (See Nike stock-price forecast on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. More recent articles from Smarter Analyst: * The Rise of E-Commerce and Cloud Services Positions Amazon (AMZN) for the Win * Facebook Faces More Ad Boycotts, But This Analyst Expects Minimal Impact * 3 "Strong Buy" Penny Stocks With Explosive Upside Ahead * Heron Therapeutics: HTX-011 Will Eventually Be Approved, Says Analyst

  • Nike Is Stepping Up Digital Investments After Monster Quarter for Online Sales
    Motley Fool

    Nike Is Stepping Up Digital Investments After Monster Quarter for Online Sales

    The digital business was 30% of total revenue last quarter and continues to represent a significant growth opportunity for Nike.

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  • Nike fourth-quarter sales drop nearly 40%
    MarketWatch

    Nike fourth-quarter sales drop nearly 40%

    Nike Inc. shares fell 3% in premarket trade Friday, after the sporting goods maker swung to a fourth-quarter loss and total sales dropped 38% despite a jump in online sales. The quarter’s online sales rose 75% with “strong double-digit increases” across geographies and made up about a third of total revenue for the quarter, Nike (NKE) said. Nike lost $790 million, or 51 cents a share, in the fourth quarter, contrasting with earnings of $989 million, or 62 cents a share, in the year-ago quarter.

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  • Nike: Digital Shines, but a Tough End to 2020
    GuruFocus.com

    Nike: Digital Shines, but a Tough End to 2020

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  • 4 Top Stock Trades for Monday: FB, FSLY, NKE, GPS
    InvestorPlace

    4 Top Stock Trades for Monday: FB, FSLY, NKE, GPS

    It was a tough day for the bulls on Friday, with the stock market getting walloped right off the open. That said, let's look at a few top stock trades as we approach the end of June. Top Stock Trades for Monday No. 1: Facebook (FB) Click to EnlargeSource: Chart courtesy of StockCharts.com Facebook (NASDAQ:FB) is taking it on the chin as a growing number of companies begin to boycott their advertisements on the company's platform. As if the hit to ad sales weren't enough during the novel coronavirus, this presents a new revenue risk.The prior high at $225 acted as a springboard for the stock, as Facebook gapped over this mark, then held it as support. At the same time, $240 was acting as resistance.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow, though, $225 is giving way, as Facebook fills the May gap down toward $215. In the short-term, the stock faces a critical level. If it fails to hold the 50-day moving average near $217 and Friday's low, the $200 to $205 area could be on the table. * 10 Consumer Stocks to Buy to Ride the Post-Covid-19 Wave There it finds prior support, as well as the 200-day moving average. On the upside, bulls need to see Facebook above the 50-day moving average, then reclaim $225. If $225 acts as resistance, that is not a good sign in the short term. Top Stock Trades for Monday No. 2: Fastly (FSLY) Click to EnlargeSource: Chart courtesy of StockCharts.com Man, how fun is this one? Fastly (NYSE:FSLY) just keeps on ripping higher. When shares broke out over $50, I was looking for a test of $60, which is the two-times range extension.Above $60 puts the $75 level in play, near the 261.8% extension. I didn't think FSLY would clear this mark so quickly, but if it did, we said to look for a test of the three-times range extension, near $84.50.Powering through that mark now, FSLY is a runaway train. Eventually this train will stop, however, and bulls who trimmed on the way up but kept some for the ride have to be smiling ear to ear.On the upside, maybe this can push up to the 361.8% extension at $99.63. A run to $100 would be something, I don't know what else to say at this point. On a larger dip, see how the stock does on a test of the 20-day moving average, followed by $50. Top Stock Trades for Monday No. 3: Nike (NKE) Click to EnlargeSource: Chart courtesy of StockCharts.com Nike (NYSE:NKE) hit the Street with a top- and bottom-line miss, as well as a surprise loss for the quarter. As great of a company as Nike is, it didn't deserve to be trading within 3% of its all-time high with that result.Dipping now, aggressive bulls may have a buying opportunity. Between $90 and $94, NKE has its 50-day, 100-day and 200-day moving averages, as well as uptrend support (blue line).If these areas fail to buoy the name, you'll know for certain that bulls can't garner any momentum. Below that area puts a gap-fill in play near $87, followed by $84. If the selling accelerates aggressively, it's possible we get a gap fill down to $72.50, but let's go one level at a time considering shares are up near $94 at the moment. * The Top 4 Solar Stocks to Buy Now If the $90 to $94 area does hold as support, though, see that Nike stock eventually reclaims $100 -- putting $105 resistance in play. Top Stock Trades for Monday No. 4: Gap (GPS) Click to EnlargeSource: Chart courtesy of StockCharts.com Gap (NYSE:GPS) ended the day up neaely 19%. However, it's so far far off its highs that it's concerning.The stock hit its highest level since February, but was ultimately rejected by the 200-day moving average and the prior June high near $13.75.Right in the middle of its range, I either need lower prices or a move higher. On a dip, see that shares stay over $10 and uptrend support (blue line). Below $10 and the stock loses all credibility, even with so much volume on the day. If it loses $10, $9 could be back in play.On the upside, however, let's see if Gap can clear $14. That would put it above the prior June highs, as well as the 200-day moving average. Above Friday's high at $14.45, and $15 is possible, which was a former significant support level.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long FSLY. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 4 Top Stock Trades for Monday: FB, FSLY, NKE, GPS appeared first on InvestorPlace.