65.46 -0.27 (-0.41%)
After hours: 5:56PM EDT
|Bid||64.65 x 300|
|Ask||65.65 x 500|
|Day's Range||64.99 - 66.30|
|52 Week Range||50.35 - 70.25|
|PE Ratio (TTM)||28.44|
|Earnings Date||Jun 27, 2018 - Jul 2, 2018|
|Forward Dividend & Yield||0.80 (1.19%)|
|1y Target Est||71.27|
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.
There’s an exodus of experienced talent happening at Nike Inc. and Susquehanna Financial Group analysts worry that it could grow into a large hurdle to the company’s growth. “Mr. Edwards, a 25-year Nike veteran, was ‘the straw that stirs the drink’ for the Nike brand,” said the Susquehanna note.
Yes, American Express (AXP) surged following better-than-expected earnings, and Philip Morris International (PM) got shellacked after releasing its own results. But all eyes were on the bond market, where the 10-year yield jumped 0.046 percentage point to 2.914% today, its highest since Feb. 22, while its price dropped 0.4%.
Nike continues to see more of its top brass departing, and where this leaves the future of leadership at the world's largest athletic brand is unclear.
Nike Inc's (NKE.N) vice president of Express Lane Footwear, Greg Thompson, has left the company, a company spokesman said on Wednesday, the latest in a string of executive departures at the sportswear maker. Nike's vice president of diversity and inclusion, Antoine Andrews, left last week.
Nike Inc (NYSE: NKE) may have made a vital shift from away from a push market to a pull market. Following a conversation with Nike management, Komp said the apparel maker's confidence is "unwavering" and Nike remains bullish about the performance of newer product launches in North America and globally. “Based on the company’s recent actions and expected North America inflection, we are more confident NKE is responding to broader challenges with a potentially transformative combination of innovation, enhanced digital services/experiences, advanced manufacturing, and leveraging its scale to drive much better performance going forward,” Komp said.
In yet another round of management shake-up, four of Nike’s (NKE) senior executives parted ways with the company this week. Antoine Andrews, Nike’s vice president of diversity and inclusion, left the company for undisclosed reasons on April 16, according to Bloomberg. Andrews joined Nike in 2015.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Goods sector is rising.