|Bid||103.72 x 800|
|Ask||103.73 x 800|
|Day's Range||103.42 - 104.35|
|52 Week Range||77.07 - 105.62|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||36.33|
|Earnings Date||Mar 18, 2020 - Mar 22, 2020|
|Forward Dividend & Yield||0.98 (0.94%)|
|Ex-Dividend Date||Nov 27, 2019|
|1y Target Est||109.78|
The relaunch of Beyoncé’s athleisure brand with Adidas is finally here and some analysts predict the new collaboration will be the company’s secret weapon in the sneaker wars. Yahoo Finance's Alexandra Canal breaks it down. Zack Guzman, Brian Cheung, and Netflix Co-Founder Marc Randolph also join in on the conversation.
The running world is awaiting a decision by governing body World Athletics over what to do about Nike's Vaporfly shoe, a sneaker that has played a starring role in two of the biggest distance-running achievements last year. A sub two-hour marathon by Eliud Kipchoge and a record-breaking run by Brigid Kosgei. Their stunning performances have sparked heated debate over whether their shoes gave them an unfair advantage. And now, a group at World Athletics is examining what to do about the high-tech sneakers. Among the options facing the organization is to impose a wholesale ban on the shoes or take more limited measures to deal with their carbon plate and foam sole technology. Independent studies have concluded that the shoes improve metabolic efficiency by 4%, though that does not necessarily mean a runner will be 4% faster. All Nike says on its website that the shoe, which will run you $250, has a "built-in secret weapon." But despite all the controversy, analysts tell Reuters the publicity could actually boost sales, especially among amateur runners looking for more spring in their step, since they wouldn't be affected by any ban.
Nike and subsidiaries Jordan and Converse look to bring a message of unity through their footwear and apparel collection to NBA All-Star 2020 weekend in Chicago.
A U.S. judge on Wednesday said federal prosecutors may not try to show that Michael Avenatti's heavy debts gave him a motive to extort Nike Inc, giving a victory to the celebrity lawyer as he prepares for his upcoming criminal trial. U.S. District Judge Paul Gardephe in Manhattan also rejected Avenatti's request to delay the trial following his jailing last week for an alleged bail violation in a California case accusing him of defrauding several clients and lying to the Internal Revenue Service and a bankruptcy court. Jury selection in the Nike case starts on Monday, and opening statements could begin late Tuesday or Wednesday.
Michael Avenatti is living in a jail cell that reportedly once housed convicted Mexican drug lord Joaquin "El Chapo" Guzman, making it impossible for the celebrity lawyer to prepare for his upcoming extortion trial, his lawyers said. In a filing late on Monday night, Avenatti's lawyers said their client is in solitary confinement under 24-hour lockdown on a floor in the Metropolitan Correctional Center in downtown Manhattan that houses people charged with terrorism offenses. While jail officials have been "professional, respectful and courteous," Avenatti's lawyers want him moved to the general population, where he can meet with them and better prepare for trial, which could start next week.
Last year it doubled its headcount to reach 850 employees and expects more considerable growth at its San Francisco headquarters and New York office.
Up 30% in the past year, global apparel giant Nike (NYSE:NKE) hasn't lost its step.Source: TY Lim / Shutterstock.com The best part -- it's still a strong buy. Not only are we seeing plenty of momentum in Nike stock, analysts love it. Goldman Sachs' Alexandra Walvis upgraded the stock to a "buy" rating, citing "evidence of building pricing power, signs of operating leverage, accelerating shift to differentiated retail, sharply scaling app ecosystem, and a constructive global athletic growth backdrop."Even Raymond James analyst Matthew McClintock noted innovation will soon drive "exceptional revenue growth going forward," raising his price target from $100 to $110 a share.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith a strong uptrend still in place, coupled with strong earnings and innovation, I'd believe NKE could be a $120 stock by the middle of 2020. Nike Stock Has Plenty of Spring in its StepIn short, NKE is an explosive stock, and there are no clear signs it'll lose momentum. * 10 Cheap Stocks to Buy Under $10 In Dec. 2019, Nike blew earnings out of the water with earnings-per-share of 71 cents on sales of $10.3 billion. Both numbers crushed estimates calling for an EPS of 58 cents on sales of $10.1 billion."NIKE has proven again that innovation is our greatest competitive edge --turning athlete insights into breakthrough product and digital services, as we offer more choice to more consumers at an accelerated pace," CEO Mark Parker said. "Our entire NIKE team is fueling our current momentum, and I've never been more optimistic about the future of this company."Better yet, gross margins expanded again as well, increasing 20 basis points to 44%. Also, during the second quarter Nike bought back 10.1 million shares for about $922 million, as part of a four-year $15 billion program."Nike projects as a 7%-10% revenue grower over the next few years, with upside margin and buyback drivers that should spark 15%-plus profit growth. Assuming so, my modeling pegs Nike's 2026 earnings per share target at $7.50," noted InvestorPlace contributor Luke Lango. Growth in Sports Apparel Bullish for NKESports apparel is still robust, with no clear signs of cooling either.Allied Market Research for example notes the global sports apparel market could grow to $248.1 billion by 2026 from $167.7 billion in 2018. This is mostly thanks to rising awareness and adoption of health programs, such as aerobics and yoga, among consumers.Statista estimates the global sports apparel market could balloon to $207.79 billion over the next five years from $135 billion in 2012. With Nike a leader in the space, the stock should continue to appreciate higher as consumers flock to its products.With considerable demand and innovation, I wouldn't be shocked if Nike stock were to double again. The Bottom Line on Nike StockNike remains a top leader in sports apparel and continues to outperform. With consumer spending on Nike's sports apparel only likely to grow, I believe NKE could be a $120 stock by mid-2020. Nike stock continues to be a solid long-term opportunity with a strong dividend to boot.As of this writing, Ian Cooper did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * 5 Retail Stocks Placer.ai Thinks Can Win Big in 2020 * 6 Cheap Stocks to Buy Under $7 The post Nike Stock Could Hit $120 in 2020 appeared first on InvestorPlace.
Of the hundreds of thousands of part-time athletes lining up for a park run this weekend, at least some will sport the latest Nike Vaporfly shoes. Fellow runners will regard them with a mixture of envy, disdain — “they look ridiculous” was one Financial Times athlete’s verdict on the fluorescent, chunky-heeled footwear — and, increasingly, suspicion. The top-of-the-range ZoomX Vaporfly Next%, which retails for £240, is living up to Nike’s billing as “the fastest shoe we’ve ever made”.
Nike Vaporfly running shoes could be banned by World Athletics for giving an unfair advantage. But shares of the Dow Jones leader were holding up.
Asics shares had a spring in their step on Thursday after reports that a key running shoe by rival Nike faced a ban for giving athletes an unfair advantage. Nike’s Vaporfly Next% long-distance shoes — described by the company as “the fastest shoe we’ve ever made” — face being blacklisted by World Athletics when it announces new rules on running shoes, according to a report by Runner’s World. Fuelled by rising debate over the role of technology advances in running shoes, athletics’ international governing body is set next month to consider new rules on the footwear that should be allowed in elite competition.
Nike's Vaporfly Next% running shoes, used by the first man to break the two hour marathon barrier, could be banned by World Athletics officials, according to multiple media reports.
(Bloomberg) -- Reports that Nike Inc.’s acclaimed running shoes may be banned from competition by World Athletics might displease elite athletes, but could be good news for rival Japanese footwear makers.Shares in Japanese sneaker maker Asics Corp. surged as much as 8% Thursday before paring gains to 4.7% as of 11:41 a.m. in Tokyo, after the Times of London and others reported that World Athletics was mulling a ban for Nike’s Vaporfly shoes in professional competition. Mizuno Corp., another Japanese maker of running equipment, rose as much as 1.6%.Nike’s Vaporfly Next% sneakers have been hailed as a “super-shoe” and helped elite runners shatter records since their release. Kenyan runner Eliud Kipchoge ran the first sub-2 hour marathon while wearing the shoes, while Brigid Kosgei used them to break the women’s marathon record.The sneakers have also gained popularity with Japanese athletes, which sent shares in Asics tumbling at the start of this year after the Vaporflys played a starring role in one of the country’s most-watched road races.But the shoes have also attracted controversy for their thick soles that incorporate carbon-fiber plates, said to give runners more bounce. The Times reported that Vaporfly sneakers may be banned from competition when World Athletics introduces new rules on running shoes, though that was disputed by a report in the Guardian saying the issue remains under discussion, with a wholesale ban unlikely. The international governing body has yet to announce the details.“The market had concerns that Nike could take Asics’s share of the athletic sneakers segment, absent a ban,” said Masami Nakanaga, an analyst at Iwai Cosmo Securities Co. in Tokyo. “If the reports are correct, the concerns over sales, as well as the advertising impact that comes from in-competition use, would be relieved.”But while the reports are supporting Asics shares today, a prohibition would bring more attention to Nike’s footwear, which could serve as good advertising for the U.S. maker, said Tim Morse, senior director at Asymmetric Advisors in Singapore.“It could be a Pyrrhic victory for Asics,” Morse said.(Updates with share moves in second paragraph. An earlier version corrected misspelling of company name in headline)To contact the reporters on this story: Shoko Oda in Tokyo at firstname.lastname@example.org;Toshiro Hasegawa in Tokyo at email@example.comTo contact the editors responsible for this story: Lianting Tu at firstname.lastname@example.org, Gearoid Reidy, Naoto HosodaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Vipshop Holdings (VIPS) stock has soared 140% in the last year to crush Alibaba as the online discount retailer expands its customer base...
Mega-caps, usually the largest and most established companies in the stock market, tend to be stable, and many of them pay dividends based on their earnings.