NKE - NIKE, Inc.

NYSE - NYSE Delayed Price. Currency in USD
-0.44 (-0.53%)
At close: 4:00PM EDT

82.08 -1.12 (-1.35%)
Pre-Market: 8:03AM EDT

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Previous Close83.64
Bid82.12 x 900
Ask82.50 x 1800
Day's Range82.76 - 83.34
52 Week Range66.53 - 90.00
Avg. Volume6,621,306
Market Cap130.77B
Beta (3Y Monthly)0.94
PE Ratio (TTM)32.41
EPS (TTM)2.57
Earnings DateJun 26, 2019 - Jul 1, 2019
Forward Dividend & Yield0.88 (1.00%)
Ex-Dividend Date2019-05-31
1y Target Est91.75
Trade prices are not sourced from all markets
  • Mark Cuban joins Influencers with Andy Serwer
    Yahoo Finance Video3 hours ago

    Mark Cuban joins Influencers with Andy Serwer

    Yahoo Finance Editor-in-Chief Andy Serwer sits down with Mark Cuba, billionaire businessman and owner of the Dallas Mavericks.

  • Another Nike runner criticizes company's maternity policies
    American City Business Journals14 hours ago

    Another Nike runner criticizes company's maternity policies

    Six-time Olympic champion and Nike runner Allyson Felix on Wednesday said in an op-ed in the New York Times that Nike declined to contractually guarantee her contract if she underperformed after giving birth.

  • Reuters14 hours ago

    Trump antagonist Avenatti indicted for ripping off Stormy Daniels, extorting Nike

    Michael Avenatti's legal troubles escalated on Wednesday as federal prosecutors announced new indictments accusing the lawyer and prominent critic of U.S. President Donald Trump of ripping off porn star Stormy Daniels and extorting Nike Inc. Prosecutors in Manhattan accused Avenatti, 48, of stealing about $300,000 from Daniels, the client who made him famous, to fund an extravagant lifestyle including a Ferrari automobile, after helping her secure a book contract. The Nike indictment concerns charges announced in March that Avenatti tried to extort more than $20 million from the athletic wear company by threatening to expose what he called its improper payments to recruits for college basketball teams it sponsored.

  • Charles Schwab’s ‘toughest’ shareholder steals the show at annual meeting
    American City Business Journals15 hours ago

    Charles Schwab’s ‘toughest’ shareholder steals the show at annual meeting

    An 11-year-old shareholder wants to be sure the company's growth strategy will work for another 10 years. Founder Chuck Schwab said it will work for a long, long time.

  • CNBC18 hours ago

    Michael Avenatti, former lawyer for porn star Stormy Daniels, indicted for alleged extortion attempt against Nike

    Controversial lawyer Michael Avenatti was indicted on charges of trying to extort athletic shoe giant Nike out of tens of millions of dollars by threatening to go public with embarassing information about the company, according to federal court documents unsealed in New York City on Wednesday.

  • CNBC18 hours ago

    Michael Avenatti charged with ripping off porn star Stormy Daniels, trying to extort Nike in new indictments

    Controversial lawyer Michael Avenatti was indicted Wednesday in separate cases charging him with stealing about $300,000 from his former porn star client Stormy Daniels, and with trying to extort athletic shoe giant Nike out of tens of millions of dollars by threatening to go public with embarassing information about the company. Prosecutors claim that Avenatti ripped off Daniels by taking payments for her book sales and paying her just half of what she was owed. The indictment accuses him of spending some of the money he allegedly swindled from Daniels on a lease payment for his Ferrari, travel expenses, dry cleaning and $56,000 in payroll at his law firm.

  • 7 Athletic Apparel Stocks With Marathon Pace
    InvestorPlace20 hours ago

    7 Athletic Apparel Stocks With Marathon Pace

    Athleisure has been the biggest trend in retail over the past several years, helping put athletic apparel stocks on a fast track to big-time gains. The rise of internet, social media and photo-sharing apps created an unprecedented surge in consumer self-awareness regarding image, health and fitness. As consumers become more attuned to self-care, they simultaneously lead more active, healthy lifestyles … or at least give off the appearance that they are doing so through Instagram posts. This has likewise led to a surge in athleisure clothing sales, since that is the apparel that best fits this lifestyle.This isn't a short-term trend -- it's secular. Consumers are only becoming more connected, and they are consequently becoming more self-aware. Thus, the underlying consumer desire to become healthier and more active will continue to grow. Consumer demand for athleisure clothing will likewise continue to grow over the next several years.Because of this secular demand tailwind, athletic apparel stocks should broadly continue to run higher for the foreseeable future. If you buy athletic apparel stocks here, you could be sitting on massive gains for the long-term.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Stocks to Buy for Anxious Investors Which apparel stocks should be on your shopping list? Let's take a look at seven athletic apparel stocks to buy, all of which could run much higher over the next few years. Athletic Apparel Stocks to Buy: Nike (NKE)Source: rodrigofranca via FlickrAt the top of this list is none other than global athletic apparel giant Nike (NYSE:NKE).Nike has been, is, and projects to remain the undisputed and unrivaled king in the athletic apparel industry. The company dominates in every relevant sports market, from basketball to soccer to baseball. They also dominate on the running front, and have aggressively pivoted into the lifestyle world to be the number one player in athleisure, too.Broadly speaking, there's no reason to believe that Nike won't stop being the top dog any time soon. The company is doing everything right at the current moment. They continue to sign the world's top athletes. They are investing in technology, pivoting to direct channels, and expanding the women's business.All in all, Nike will remain king in the athletic apparel industry for the foreseeable future. So long as that remains true, NKE stock will move higher with the rising athleisure trend. Foot Locker (FL)Source: Shutterstock As goes Nike, so goes Foot Locker (NYSE:FL).For all intents and purposes, Foot Locker stores are basically just Nike stores. Sure, Foot Locker sells product from all the major athletic apparel players, but about 70% of Foot Locker's merchandise comes from Nike. Thus, when Nike is on fire, that simultaneously means Foot Locker is on fire.Right now, Nike is on fire. Given the company's secular demand tailwinds and strong innovation pipeline, Nike projects to remain on fire for the foreseeable future. That means Foot Locker likewise projects to remain on fire for the foreseeable future, too. * 10 Names That Are Screaming Stocks to Buy Meanwhile, there seems to be some stabilization in the marketplace between direct and wholesale retail channels, and that stabilization should provide a lift to Foot Locker's numbers. Broadly, then, all the trends are moving in FL's favor, and that should lead to a FL stock rally. Adidas (ADDYY)Source: Shutterstock Before Nike pivoted into the lifestyle market, Adidas (OTCMKTS:ADDYY) did it, and they did it very well.Adidas leveraged lifestyle celebrity endorsements from celebrities such as Kanye West to grow brand awareness and boost brand equity outside of the core athletic apparel demographic. They also aggressively innovated and launched a plethora of stylish athleisure footwear products tailored to the casual consumer.These moves worked. Revenue growth at Adidas accelerated higher, and Adidas gained market share. This trend is far from over. Adidas continues to pivot into and grow share on the lifestyle side of this market. As they do, sales and profit growth remain impressively positive, and this growth track continues to lead to big gains in ADDYY stock. Lululemon (LULU)Source: Shutterstock Arguably the most exciting athletic apparel stock is Lululemon (NASDAQ:LULU).Lululemon started out as a niche women's yoga apparel brand. They dominated that niche by selling higher-quality product and developing high brand equity. Then, the company leveraged that high brand equity to successfully branch into and grow share in other areas of the women's athletic apparel market. Now, the company is leveraging its high brand equity to tap into the men's and international markets.Overall, then, Lululemon has developed a reputation for a being a high-quality provider of athletic apparel of all sorts. While this company has largely saturated its opportunity in the women's yoga market, they have just scratched the surface of their potential elsewhere in the athletic apparel space. * 7 Assisted-Living Stocks to Buy Now As they expand more deeply into those other areas, sales and profit growth will remain robust, and LULU stock will head higher. Dick's Sporting Goods (DKS)Source: Shutterstock One of the more controversial stocks on this list is Dick's Sporting Goods (NYSE:DKS).Dick's has been on the opposite end of a secular shift in the athletic apparel space away from wholesale retail and toward direct retail. Broadly, brands like Nike are putting more product into their own direct channels, and less product into wholesale channels like Dick's. That has led to lower sales volume and margins at Dick's, which has ultimately weighed on profits and pushed the stock lower.Yet, the wholesale retail channel remains very important because of its scale. Quite simply, if Nike stopped shipping product entirely to Dick's and pivoted it all to direct, they would take a big sales hit, since Dick's has broad reach and exposure to the U.S. consumer which Nike's direct channels simply don't have.Consequently, Dick's long term growth outlook is actually stable. It seems this stability is already starting to manifest itself, as Dick's numbers have meaningfully improved over the past few quarters. So long as this improvement persists, DKS stock should run higher from here. Skechers (SKX)Source: McArthurGlen Designer Outlet via FlickrOne of the most undervalued athletic apparel stocks in the market is Skechers (NYSE:SKX).Wall Street does not like SKX stock. The stock trades at 14-times forward earnings. Both Nike and Lululemon trade at 30-plus forward earnings multiples. To be sure, some of this valuation discrepancy has to do with growth. Nike and Lululemon are growing faster than Skechers. But, not that much faster to warrant such a big valuation discrepancy.Instead, investors are concerned that as competition ramps up in the athletic apparel category, Skechers simply won't be able to keep up. That thesis seems flawed. Skechers isn't as cool as a Nike or an Adidas. But, the company offers quality athletic sneakers at reasonable prices, and in so doing, they dominate the mid-price athletic sneaker market. * 7 Battery Stocks for High-Powered Gains This market isn't going away anytime soon, because consumers will always be attracted to reasonable prices. Meanwhile, Nike and Adidas can't really pivot aggressively into this market because cutting prices would dilute brand equity and hurt their premium products. Thus, Skechers is in a sweet spot, and the relative undervaluation in SKX stock simply makes no sense. Yeti (YETI)Source: Shutterstock The last stock on this list is more an outdoor apparel company than it is an athletic apparel company, but it nonetheless benefits from the same secular demand tailwinds.Yeti (NYSE:YETI) is an outdoors consumer products brand that is rapidly expanding share in the $600 billion-plus outdoors sports market in the U.S. That market is growing anywhere between 5% and 10% per year, supported by a consumer shift from valuing products to valuing experiences (which broadly means more outdoor activities for consumers, and more outdoor products sales). This is a secular shift, so this market will continue to grow at a healthy rate for the foreseeable future.Within that industry, YETI is a small (less than $1 billion in revenues projected for 2019), but important (people need coolers and drinkware) and stable player (YETI is top dog in the cooler niche). Further, YETI is launching new products to extend beyond its niche, pushing hard on the international front, and rapidly expanding its DTC business. All those initiatives imply healthy market share expansion over the next several years.Because of such, Yeti projects as a healthy revenue and profit grower over the next few years. That growth will push YETI stock higher.As of this writing, Luke Lango was long NKE, FL, LULU, SKX and YETI. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post 7 Athletic Apparel Stocks With Marathon Pace appeared first on InvestorPlace.

  • The Zacks Analyst Blog Highlights: Nike, adidas, Rocky Brands and Wolverine World Wide
    Zacks22 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

  • Avenatti expects imminent indictment in Nike extortion case
    Associated Press2 days ago

    Avenatti 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.

  • Nike cancels Puerto Rico-homage sneaker with Panama design
    Associated Press2 days ago

    Nike 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.

  • Nike (NKE) Outpaces Stock Market Gains: What You Should Know
    Zacks2 days 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.

  • Nike and Adidas Urge President Trump to Reconsider Tariffs
    Market Realist2 days 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.com2 days ago

    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.com2 days ago

    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.com2 days ago

    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.

  • Tariffs Likely on Imported Shoes: Death Knell for US Footwear?
    Zacks2 days ago

    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.

  • Even a JP Morgan Endorsement Won’t Help Under Armour Stock
    InvestorPlace2 days ago

    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.com2 days ago

    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.

  • Bull of the Day: Crocs (CROX)
    Zacks2 days ago

    Bull of the Day: Crocs (CROX)

    Bull of the Day: Crocs (CROX)

  • TheStreet.com2 days ago

    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.

  • How to play The China Syndrome
    Singular Research2 days ago

    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.

  • Trump Hits Biden for Minimizing China Threat to U.S. Economy
    Bloomberg2 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.