|Bid||311.80 x 0|
|Ask||0.00 x 0|
|Day's Range||311.80 - 311.80|
|52 Week Range||258.50 - 347.40|
|PE Ratio (TTM)||124.22|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A year after acquiring Virgin Mega, Nike is revealing some of the early results of its experiments with augmented reality and community-building.
Nike is an American multinational company engaged in the design, manufacture, marketing, and sale of footwear, apparel, equipment, accessories, and services. Nike is currently a member of the Fortune 500 list with a market cap of $86.6 billion, but what is one share of the business worth?
While Nike’s new eight-year on-court apparel deal is the biggest news among NBA licensees, it’s not the only noteworthy development. Bringing on Nike as the master licensee catalyzed a reshuffle among the NBA’s other apparel licensees. Mitchell & Ness, sold last year by Adidas to a company headed by former Nike marketer Kevin Wulff, now has headwear and apparel exclusivity within the retro “Hardwood Classics” line.
The NBA’s 2017-18 season began this week with many of the league’s partners activating heavily around the tipoff. Kia (KIMTF), which signed a multiyear renewal with the NBA this offseason, again is the title partner of Kia NBA Tip-Off and will continue as sponsor of the Kia NBA Performance Awards and Kia NBA All-Star MVP award. The company again will sponsor a season-long sweepstakes on NBA social channels.
When Nike hosted its last Investor Day, back in 2015, business was roaring. Nike was on pace to be one of the best performers in the S&P 500 that year, and management was excited about what was in store going forward. The company projected that revenue in North America would hit $20 billion by May 2020, up from about $14 million at the time.
"We don't get a lot of physical activity here, so I felt that Marathon Kids would give us something to work towards while we get healthy and have fun at the same time," one of the participants said. SAGE Youth Residential Program, a division of Morrison Child and Family Services, is one of the organizations that received a grant this year from Nike's Community Impact Fund.
NEW YORK, NY / ACCESSWIRE / October 20, 2017 / Nike received a downgrade from Goldman Sachs yesterday, with analyst Lindsay Drucker Mann concerned over inventory overhang domestically. Shares of Apple ...
Nike inventories are too high at its brick-and-mortar stores, forcing hefty discounts, said Goldman Sachs, which downgraded the athletic apparel and shoe giant to neutral.
Nike Inc (NYSE: NKE ) has been downgraded by Goldman Sachs from a Buy rating to a Neutral one ahead of the company’s investor day on Oct. 25. Goldman Sachs analyst Lindsay Drucker Mann expects Nike shares ...