NKE - NIKE, Inc.
| Previous Close | 83.64 |
| Open | 82.99 |
| Bid | 82.85 x 1000 |
| Ask | 82.86 x 800 |
| Day's Range | 82.76 - 83.33 |
| 52 Week Range | 66.53 - 90.00 |
| Volume | 2,378,993 |
| Avg. Volume | 6,608,609 |
| Market Cap | 130.235B |
| Beta (3Y Monthly) | 0.94 |
| PE Ratio (TTM) | 32.28 |
| EPS (TTM) | 2.57 |
| Earnings Date | Jun 26, 2019 - Jul 1, 2019 |
| Forward Dividend & Yield | 0.88 (1.00%) |
| Ex-Dividend Date | 2019-05-31 |
| 1y Target Est | 91.75 |
Yahoo Finance•3 hours agoZion Williamson will sign sneaker deal 'with whoever pays him the most'
Duke basketball star Zion Williamson is poised to sign a "larger-than-normal" contract for a sneaker endorsement deal.
- Zacks•2 hours ago
Should Franklin LibertyQ U.S. Equity ETF (FLQL) Be on Your Investing Radar?
Style Box ETF report for FLQL
- Zacks•3 hours ago
The Zacks Analyst Blog Highlights: Nike, adidas, Rocky Brands and Wolverine World Wide
The Zacks Analyst Blog Highlights: Nike, adidas, Rocky Brands and Wolverine World Wide
Associated Press•17 hours agoAvenatti expects imminent indictment in Nike extortion case
NEW YORK (AP) — Attorney Michael Avenatti said Tuesday he expects to be indicted in the coming days in New York, following his March arrest on charges he tried to extort millions of dollars from Nike.
Associated Press•18 hours agoNike cancels Puerto Rico-homage sneaker with Panama design
PANAMA CITY (AP) — Nike said Tuesday it won't release a version of its Air Force 1 shoe meant to celebrate Puerto Rico, after an indigenous group in Panama objected to one of its traditional designs being used on the sneaker.
- Zacks•19 hours ago
Nike (NKE) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Nike (NKE) closed at $83.64, marking a +0.95% move from the previous day.
- Market Realist•22 hours ago
Nike and Adidas Urge President Trump to Reconsider Tariffs
Nike and Adidas Urge President Trump to Reconsider TariffsThe escalating trade war has the footwear industry worriedYesterday, dozens of shoe retailers—including big names Nike (NKE) and Adidas—sent an open letter to President Trump
- TheStreet.com•yesterday
Nike Pens Letter to Trump, Home Depot Reports Earnings - What You Need to Know
Jim Cramer is out, but Jeff Marks, senior portfolio analyst for Cramer's Action Alerts PLUS investing club, is back with the latest market news and analysis. , among other athletic apparel and shoe companies, sent President Donald Trump, and, of course, he's taking a look at some of the biggest retail earnings.
- TheStreet.com•yesterday
Why Nike's Letter on Tariffs Won't Change President Trump's Mind
Nike, Under Armour, J.C. Penney and other athletic apparel and shoemakers penned a letter to President Trump late Monday asking the administration to reconsider tariffs placed on footwear made in China....
- TheStreet.com•yesterday
Breaking Down Home Depot, Nike's Letter to Trump and a Retail Roundup - Video
Jeff Marks, senior portfolio analyst at Action Alerts PLUS, weighs in on Home Depot, J.C. Penney, Kohl's and TJX earnings and Nike's letter to the White House.
- Zacks•yesterday
Tariffs Likely on Imported Shoes: Death Knell for US Footwear?
With China playing a vital role in the supply chain process for most U.S. footwear firms, the proposed tariffs are likely to be a death knell for the industry that is already reeling under a $3 billion annual duty bill.
- InvestorPlace•yesterday
Even a JP Morgan Endorsement Won’t Help Under Armour Stock
Shares of Under Armour (NYSE:UAA) traded significantly higher in mid-May on a bullish note from JP Morgan, who upgraded Under Armour stock to Overweight with a $29 price target, implying ~30% upside over the next twelve months.Source: Shutterstock The bull thesis from JP Morgan is pretty simple. Under Armour has struggled significantly over the past several years with its product assortment and that has led to building inventories amid stagnant sales.In order to clear that inventory, Under Armour has had to run deep discounts on its merchandise, sell into lower-priced channels, and slow new product roll-out. Those moves stabilized sales, but they also diluted brand equity and dragged on margins. Net result? Profits were wiped out.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for Over 20% Upside Potential Inventory levels are dropping fast and now sit at their lowest level in several years. Management thinks this "down-sizing" era is over. Inventory levels are now appropriately low. Discounting will stop. Lower-priced sell-through will stop, too. The company can now put out new premium product, which should lift brand equity and margins. Net result? Profits should come soaring back.Consequently, while Under Armour is still in the early stages of this pivot, JP Morgan thinks now is the time to buy into Under Armour stock.But, this argument misses two critical risks: competition and valuation. Ultimately, those two risks will cap near to medium term upside in Under Armour stock. Competition Risks Are SizableBroadly speaking, the big growth niche in the athletic apparel space is in the convergence of athletic and leisure styles, and Under Armour has failed to keep pace with peers on the athleisure front.The rise of the internet and specifically visual-first social media has made consumers more aware of their image, health, and fitness than ever before. Consequently, consumers are increasingly trying to lead more healthy and fit lifestyles, and a big part of the image associated with that lifestyle is wearing athletic-style clothes that are simultaneously comfortable and can be worn anywhere, all the time. The fix? Athleisure styles.Under Armour completely missed the boat on this athleisure trend and continues to miss it today. While brands like Nike (NYSE:NKE), Adidas (OTCMKTS:ADDYY), and Lululemon (NASDAQ:LULU) really focused on becoming lifestyle brands with a product assortment that applies to all consumers, Under Armour has consistently doubled down on performance. That was the wrong move.Consequently, while the other three players have consistently grown at a double-digit rate over the past few quarters, Under Armour's growth has fallen flat.Falling inventories won't solve that problem. Sure, now Under Armour can roll out new premium product and stop discounting stuff, which will help margins. But the company also needs to fix its image by becoming more of a lifestyle brand. As of today, it doesn't seem like there is anything in the growth pipeline which will do that.Further, even if Under Armour does pivot into lifestyle, they have a lot of catching up to do. Nike, Lululemon, and Adidas are firing on all cylinders right now, and all three are only gaining momentum. Under Armour will have a tough time gaining share against that backdrop. Valuation Risks Cap UpsideConsidering the competitive backdrop and Under Armour's recent inability to gain share in that competitive landscape, today's valuation on Under Armour stock seems stretched.Under Armour stock trades at nearly 60-times forward earnings. Everyone else in this industry trades roughly between 20- and 35-times forward earnings and everyone else is growing much more quickly. As such, relative to current growth rates, Under Armour's 60 forward multiple seems absurd.Sure, the bulls keep touting the long term profit growth potential. Yes, this company does sit at low single digit operating margins, versus mid-teens operating margins over at Nike. Thus, if the company does fix its inventory and discount problems, margins have lots of runway to move higher, and that will provide fuel for robust profit growth.But, if you model all that out, the valuation still seems stretched. Realistically, the global athletic apparel market will grow at a 4-6% annualized pace over the next several years. Best case scenario, Under Armour maintains share in that market.Thus, revenue growth runs around 5% per year. Operating margins move significantly higher to above 10% with inventories cleared and discounting in the rear-view mirror.Under all those aggressive assumptions, Under Armour can realistically do about $1.50 in earnings per share by fiscal 2025. Based on a Nike-average 25x forward multiple, that implies a reasonable fiscal 2024 price target for UAA of $37.50. Using a 10% discount rate, that equates to a fiscal 2019 price target of just over $23. Bottom Line on Under Armour StockUnder Armour's inventories are falling. That's good. It means the company does have runway to stabilize growth over the next several years, and push margins significantly higher. But, all that news is already priced into the stock, and the growth narrative is still riddled with competition risks. Thus, near term upside in UAA stock seems capped at $25 by competition and valuation risks.As of this writing, Luke Lango was long NKE and LULU. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Even a JP Morgan Endorsement Won't Help Under Armour Stock appeared first on InvestorPlace.
- TheStreet.com•yesterday
Home Depot, Kohl's, Nike, General Motors and Huawei - 5 Things You Must Know
U.S. stock futures rose on Tuesday and global stocks snapped back following a move by the Commerce Department to ease restrictions on the ability of China's Huawei Technologies to do business with U.S. companies, soothing concerns of an all-out tech war between Washington and Beijing. Commerce Secretary Wilbur Ross said Huawei will be able to access U.S. technology and purchase equipment from American companies for up to 90 days in order to maintain existing network and update handsets. Contracts tied to the Dow Jones Industrial Average rose 144 points, futures for the S&P 500 were up 16.35 points, and Nasdaq futures gained 63.25 points.
- TheStreet.com•yesterday
Just Don't Do It: Nike Leads Push Against 'Catastrophic' Shoe Tariffs
lead a group of athletic apparel and shoe companies in an effort late Monday to urge President Donald Trump to reconsider placing tariffs on footwear made in China and imported into the United States, calling the levies a "catastrophic" move that will cost U.S. consumers $7 billion a year. and a host of U.S. footwear and apparel retailers in letter to Trump and senior members of his economic team, including Commerce Secretary Wilbur Ross, Treasury Secretary Steven Mnuchin and economic adviser Larry Kudlow, that called for shoes to be removed from a list of products that could face a 25% tariff over the coming months.
- Singular Research•yesterday
How to play The China Syndrome
The China Syndrome was a 1979 movie thriller starring Jane Fonda that was prescient in that the Three Mile Island occurred 12 days after the movie was released. Since the total amount of direct impact on GDP if U.S./ China trade went to zero would be about 1 to 2% on each economy, we believe the real risk here is overstated. The other fact that supports our belief is that China has much more to lose then the US when we ponder the trade gap and imbalance that currently exists.
- Bloomberg•2 days ago
Trump Hits Biden for Minimizing China Threat to U.S. Economy
“They want Biden so that China can continue to make $500 billion dollars a year and more ripping off the United States,” Trump said at rally in Montoursville, Pennsylvania, on behalf of a Republican running in a special election for the House. Biden downplayed China while campaigning in Iowa City, Iowa, on May 1, drawing criticism from some of the other Democrats challenging him for the party’s nomination.
- Reuters•2 days ago
Nike, Under Armour, among others, urge Trump to remove footwear from tariff list
Trump is expected to impose 25% tariffs on another $300 billion worth of Chinese goods when he meets Chinese President Xi Jinping next month. The Footwear Distributors & Retailers of America (FDRA) estimates the hike in tariff would add $7 billion in additional costs for customers every year. The companies noted that the tariffs on footwear average 11.3% and reach rates as high as 67.5%.
- Investopedia•2 days ago
Top 10 Most Valuable Sports Teams in 2017
For the second year in a row, the most valuable professional sports team is the Dallas Cowboys, with a market value of more than $4 billion. The list of the top 10 sports franchises with the highest market value in 2017 is based on Forbes annual ranking of National Football League, National Hockey League, National Basketball Association, Major League Baseball, Formula 1, soccer and Nascar teams. Only two NBA teams are in the ranking, while only one MLB team is in the top 10.
- Quartz•2 days ago
Nike will stop penalizing its female athletes for getting pregnant
It's reportedly changing its endorsement-contract language after an op-ed from Olympian Alysia Montaño.
- American City Business Journals•2 days ago
Under Armour among 170 companies asking Trump to not raise tariffs
President Donald Trump has proposed implementing 25 percent tariffs on $300 billion worth of imported goods from China, including clothing and footwear.
- CNBC•2 days ago
Dozens of shoe retailers, including Nike and Adidas, sign letter to Trump urging a halt to tariffs
More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, Ugg and Off Broadway Shoe Warehouse, have penned a letter to the White House asking President Donald Trump to consider a halt to tariff increases on footwear imported from China.
Yahoo Finance•2 days agoMassive problems at Tesla, Goldman Sachs may get into hotels, Ryanair gives warning
Tesla, Goldman Sachs, Ryanair, Nike and Lionsgate are the companies to watch.
- Yahoo Finance Video•21 hours ago
Nike board member Beth Comstock on potentially 'catastrophic' shoe tariffs: 'Consumers have to pay attention'
Over 170 footwear companies signed a letter urging President Trump to consider a halt in raising tariffs on footwear imports from China. Yahoo Finance's Zack Guzman & Heidi Chung, along with former General Electric Vice Chair Beth Comstock discuss.
