NKE - NIKE, Inc.
| Previous Close | 88.73 |
| Open | 88.76 |
| Bid | 89.07 x 1400 |
| Ask | 89.35 x 900 |
| Day's Range | 88.70 - 90.00 |
| 52 Week Range | 65.45 - 90.00 |
| Volume | 6,720,373 |
| Avg. Volume | 6,125,245 |
| Market Cap | 140.2B |
| Beta (3Y Monthly) | 0.95 |
| PE Ratio (TTM) | 34.75 |
| EPS (TTM) | 2.57 |
| Earnings Date | Jun 26, 2019 - Jul 1, 2019 |
| Forward Dividend & Yield | 0.88 (1.05%) |
| Ex-Dividend Date | 2019-03-01 |
| 1y Target Est | 91.32 |
- Yahoo Finance Video•2 days ago
Super Bowl winning coach Tony Dungy talks Russell Wilson's contract, new book
Super Bowl winning coach Tony Dungy and his wife Lauren discuss their book ‘We Chose You’, as well as Russell Wilson’s new contract which made him the highest paid player in the NFL. Yahoo Finance’s Zack Guzman and Sibile Marcellus join them to discuss.
- CNBC Videos•3 days ago
Cramer: Boeing, Nike, Apple, other stocks illustrate the resiliency of this stock market
Jim Cramer breaks down the latest action on Wall street and explains why certain stocks have risen when analysts said they would fall.
- Yahoo Finance Video•3 days ago
Sports marketing exec discusses Zion Williamson's NBA future
Duke basketball star Zion Williamson has declared for the NBA Draft, and many many fans in New York are hoping it's the Knicks who get him. And Zion will also surely be the target of a bidding war from sneaker sponsors. Yahoo Finance's Dan Roberts, Myles Udland, and Kristin Myers discuss the basketball star's prospects with sports marketing expert and motivational speaker Brandon Steiner, founder and C-E-O of Steiner Sports Marketing and author of "Living On Purpose."
- Yahoo Finance Video•4 days ago
Tiger Woods' impact on TaylorMade
TaylorMade is feeling the win after Tiger Woods' Masters win on Sunday. The golf equipment company just launched its first co-created Iron set with Tiger, and David Abeles, CEO of TaylorMade, skypes in with the details.
- Yahoo Finance Video•4 days ago
Nike PT raised to $100 at Cowen; sneaker resale market to hit $6B by FY25
Cowen raised its price target on Nike to $100 from $90, as well as on Adidas and Puma following the firm's work on the sneaker resale market, which the firm thinks could hit $6 billion by 2025. The Final Round panel discusses.
- Investopedia•3 hours ago
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- Investopedia•yesterday
Net Worth of Cristiano Ronaldo
Find out Cristiano Ronaldo's net worth and how he became one of the richest athletes in the world.
- American City Business Journals•yesterday
Nike applies for 'footware' trademark
The trademark application is the latest indication of the company's expected heavy push into self-lacing shoes and digital products.
- Investor's Business Daily•2 days ago
Is Nike Stock A Buy Right Now? Here's What Earnings, Charts Show
Dow Jones stock Nike hit a new all-time high Wednesday. But is the athletic apparel giant a buy right now?
- Investopedia•2 days ago
Five Highest-Paid Soccer Players
Soccer is consistently classified as the most popular sport across the globe. Forbes has published its annual list of the 100 highest-paid athletes, and soccer players were prevalent athletes on this list. Lionel Andres Messi is an Argentinian soccer player. The FC Barcelona forward is the highest-paid soccer player, earning $111 million and taking home $84 million in salary and winnings, and another $27 million in endorsements.
Yahoo Finance•2 days agoSneakers are now an emerging alternative asset class: Cowen
Cowen Equity Research believes that sneakers are actually emerging as an alternative asset class.
- Market Realist•3 days ago
A Glance at Skechers’s Valuation before Its Q1 Results
Will Skechers's Q1 Results Help the Stock Keep Up Its Strong Run?(Continued from Prior Part)Valuation compared to peers As of April 15, Skechers (SKX) was trading at a 12-month forward PE ratio of 16.2x. Skechers is currently trading at a lower
- InvestorPlace•3 days ago
Nike Stock Won’t See a Golf Bump, but a Basketball Bump Is on the Way
The big sports news over the weekend came out of the golf world, where Tiger Woods won the 2019 Masters for the first time in 14 years to complete what many are calling one of the greatest comeback stories in sports history. Financial market observers were quick to point out that a win for Tiger, equals a win for Nike (NYSE:NKE). The logic is simple. Tiger Woods is a Nike athlete, and his return to the mountain top should lead to a surge in golf-related Nike sales, which should lead to boost in Nike stock.Source: rodrigofranca via FlickrIndeed, some Nike golf apparel had already sold out by Sunday evening on Nike's website. But, even as a long term NKE bull, I think those headlines are misleading.In the big picture, golf is a very, very small piece of the pie for Nike, and that small piece is only shrinking. Thus, while a Tiger Woods victory should lead to a healthy bump in golf-related sales for Nike, that bump will hardly be seen in the overall numbers, and it won't move the needle for Nike stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Because of this, I think the Street is looking at the wrong catalyst here. Nike stock will head higher over the next twelve months, but not because Tiger Woods won the Masters. Rather, because Nike is launching a new signature basketball shoe for NBA superstar Giannis Antetokounmpo within the next few weeks.Unlike golf, basketball is a huge piece of the Nike pie, and its share is only growing. Because of this, prior signature basketball shoe launches over the past five years have catalyzed big growth in both the numbers and the stock. This one should do the same. Basketball Moves the NeedleI mean no disrespect to the sport of golf; it's a great sport with a ton of fans and wide reach. But, when it comes to Nike's revenues, it is largely meaningless next to basketball.In 2017, the last year that Nike separately broke out golf revenues, golf's wholesale equivalent revenues measured under $600 million. The basketball business, which includes Jordan brand, measured nearly $4.4 billion. As a percent of total Nike brand wholesale equivalent revenues, golf represented just 2% of the pie (down from 4% in 2012), while basketball represented 15% of the pie (up from 11% in 2012). Click to EnlargeThus, over the past five-plus years, golf has consistently been an exceptionally small business for Nike, and its presence has only been getting smaller and smaller as golf's popularity has dwindled. Golf viewership has been in a secular decline for several years, and the sport is failing to appeal to younger audiences.Meanwhile, basketball has been an exceptionally big business for Nike, and its presence has only grown as basketball's popularity has soared (NBA viewership has been on the rise for several years, and the sport attracts a young demographic).Because of this, when looking for the next big catalyst in NKE, it is smart to look in the basketball market, not the golf market. When you do that, you'll see that there's reason to be excited about the potential upside in Nike over the next several months. Signature Shoe Launches Are Big CatalystsThe next big catalyst for Nike is the company's first signature basketball shoe launch since 2017, and that's a big deal, since signature basketball shoe launches tend to spark big rallies in NKE stock.Nike has had two big signature basketball shoe launches over the past five years: Kyrie Irving's signature shoe launch in December 2014, and Paul George's signature shoe launch in February 2017. Both were big catalysts for the numbers and the stock.Following the Kyrie 1 launch, basketball revenues rose 21% in fiscal 2015, and Nike rallied from $48 in December 2014, to $66 by December 2015. Meanwhile, following the PG 1 launch, basketball revenues rose 16% in fiscal 2018, and Nike rallied from $50 in February 2017, to $70 by February 2018.In other words, prior signature basketball shoe launches from Nike resulted in a huge boost in basketball sales, and because basketball comprises such a big chunk of the Nike revenue pie, those big boosts ultimately led to huge rallies in Nike stock over the subsequent twelve months.The same thing should happen this time around. Giannis Antetokounmpo is arguably the NBA's best player today, with a unique story (he hails from Greece and plays for a small market team) and ton of likability (his jersey is one of the top selling jerseys in the NBA). In other words, he has all the makings of someone who will sell a ton of shoes over the next twelve months.Thus, once his signature shoe The Freak 1 launches within the next few weeks, that should kick-start what will ultimately turn into a big twelve month rally for NKE stock. Bottom Line on Nike StockEveryone is talking about how a win for Tiger Woods equals a win for Nike. That's not really true. It equals to a win for Nike's golf business, but because that golf business is so small, it's honestly much ado about nothing for Nike stock.Instead, the big catalyst here is the launch of a new signature basketball shoe from Giannis Antetokounmpo within the next few weeks. Basketball is a big business for Nike, signature shoe launches historically lead to a big boost in that big business, and that big boost historically sparks a big rally in Nike stock.The same pattern should play out this time, implying healthy upside for Nike stock over the next several months thanks to a new signature basketball shoe.As of this writing, Luke Lango was long NKE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Nike Stock Won't See a Golf Bump, but a Basketball Bump Is on the Way appeared first on InvestorPlace.
- CNBC•3 days ago
Nike's fix for boosting sales at home: Women
Nike sees the opportunity to grab a greater share of the women's athletic apparel and sneaker market, something it hasn't focused on as much in the past.
- TheStreet.com•3 days ago
Jim Cramer: One Heck of a Resilient Market
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Market Realist•3 days agoSkechers’ Q1 Sales Growth: The Likely Drivers
Will Skechers's Q1 Results Help the Stock Keep Up Its Strong Run?(Continued from Prior Part)Will the strong growth rate continue? Skechers’ (SKX) sales grew by double digits in three of the four quarters of 2018. The company’s sales grew 11.4%
- Market Realist•3 days ago
Will Skechers’s Q1 Results Help the Stock Keep Up Its Strong Run?
Will Skechers's Q1 Results Help the Stock Keep Up Its Strong Run?Strong year-to-date movement Skechers (SKX) stock was up 52.2% on a year-to-date basis as of April 15. The footwear company is scheduled to report its first-quarter results on April
Yahoo Finance•4 days agoWhy Tiger Woods's Masters win will do nothing for Monster Beverage
Monster Beverage is struggling and even brand spokesman Tiger Woods may not be able to save it.
- MarketWatch•4 days ago
Dick's Sporting Goods will sell $350 Nike Adapt BB shoes at two U.S. stores on Friday
Dick's Sporting Goods Inc. will sell a limited number of of pairs of the $350 Nike Inc. Adapt BB shoes in two store locations on Friday. Interested shoppers should go to either the Cerritos, Calif. or Lombard, Ill. Dick's Sporting Goods locations by the end of Tuesday to enter a sweepstakes for the chance to purchase the shoes. The Adapt BB have self-lacing technology and will adjust to the wearer's foot. Dick's Sporting Goods will also be selling a limited amount of two other Nike basketball shoes, the Jordan Retro 11 Low and the Lebron 16 Wolf Grey, online on Friday. Each of those sneakers are priced at about $185. According to an athletic survey conducted by Canaccord Genuity, Nike tops the list of most innovative and most fashionable brands. Future purchase intent is also strong among men (41%) and women (38%). Dick's Sporting Goods shares have gained 27.1% for 2019 so far, outpacing the S&P 500 index , which is up nearly 16% for the period.
- CNBC•4 days ago
Nike shares surged by this much the last time Tiger Woods won the Masters
Nike NKE is on the green. Its shares rose to begin the week, putting it closer to all-time highs set last month, after one of its top sponsored athletes, Tiger Woods, won the Masters Tournament on Sunday. The last time Woods won that contest, in 2005, Nike shares rallied 6 percent within three months.
- Motley Fool•4 days ago
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- CNBC•4 days ago
Cramer: These stocks could benefit from Tiger Woods' Masters win
Jim Cramer says the "golf renaissance" is coming and breaks down the best golf plays on the stock market.
- Reuters•4 days ago
Tiger Woods' victory in Masters a win for golf business
Tiger Woods' victory at the Masters golf tournament on Sunday, his first major victory since 2008, is expected to lift sales for sponsors, broadcasters and golf courses lucky enough to host a tournament with Woods playing. "Tiger sells golf," says Eric Smallwood, president of Apex Marketing Group, Inc., a Michigan analytics firm. Apex found that Nike earned $22.5 million worth of brand exposure just from Woods’ final round, with Nike’s "Swoosh" logo splashed on his hat, shirt, pants and shoes.
- American City Business Journals•4 days ago
'Boys' club' lawsuit against Nike's board of directors dismissed
The lawsuit alleged Nike's board didn't act quickly enough to protect shareholders against claims of gender discrimination and sexual harassment. In a five-page order issued Monday, Multnomah County Judge Leslie Bottomly granted Nike's motion to dismiss, writing that plaintiffs' "where there's smoke, there's fire" argument came up short of legal requirements.
